Posts Tagged ‘Financial Services’

ASX Company News: eServGlobal Secures African Money Transfer Contract

Thursday, October 25th, 2012

eServGlobal (ESV), the global telecoms software vendor specialising in mobile money and Value-Added Services, is pleased to announce that Xpress Money, one of the largest and fastest growing money transfer companies in the world has launched new remittance corridors to Africa using the HomeSend hub. With this agreement, Xpress Money, which has a presence in 125 countries across the Americas, Europe, Africa, the Middle East, and Asia will connect to HomeSend, the mobile international remittance hub offered by BICS and based on eServGlobal technology. The new service will enable people to send money instantly and cost effectively using Xpress Money’s 135,000 agent locations across the world. The HomeSend mobile remittance hub service is offered by BICS and based on eServGlobal technology. BICS is a leading global provider of wholesale carrier services and mobile financial services. HomeSend, which benefits from a first mover advantage, is the only mobile-centric international remittance hub endorsed by the GSMA, and has live corridors in Europe, Asia Pacific, the Middle East, and Africa.

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Mobile Service Providers increase their revenue and gain and maintain customer ownership. EservGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 80 customers in over 55 countries. Xpress Money is the world’s fastest growing money transfer business with a presence in more than 125 countries across 5 continents. Xpress Money has over 135,000 agent locations globally. Xpress Money is committed to Bringing Home Closer to millions of expatriates residing away from their homes. Xpress Money provides its customers a simple, fast & safe way to transfer money anywhere in the world through innovative technology, superior customer service and its extensive worldwide network. BICS delivers best-in-class international wholesale solutions to any communication provider worldwide.

www.eservglobal.com

 

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ASX Company News: Adept Solutions To Provide Loop Gift Cards

Tuesday, October 16th, 2012

Adept Solutions Limited (AAO) is pleased to announce that Emerchants Limited has signed a 3 year agreement with e-Pay Australia Pty Ltd, under which Emerchants will be distributing and processing a range of open loop Visa-branded Gift cards and open loop Virtual gift cards. Open loop cards allow users to spend the balance of cards at multiple outlets and retailers as opposed to a single outlet or retailer. Emerchants is a non-bank financial services company with a strong IT focus offering Prepaid Debit Programs for streamlining funds disbursement by offering organisations control and instant issuance flexibility in managing expenditure. E-pay Australia, a subsidiary of global payments company Euronet Worldwide Incorporated, is a leading payments aggregator, distributing a range of prepaid products and services through several thousand retail stores, including major convenience store retailers. Emerchants has distributed the first gift cards to E-pay Australia and expects cards to be on sale in retail outlets this month.

Adept Solutions Managing Director, Mr Tom Cregan, commented, “In preparation for the upcoming festive season, Emerchants knew that it is important for us to partner with a company that understands the electronic retail market and has a national retail distribution footprint. E-pay, as a leader in the electronic pre-paid distribution market, provides us with the perfect alliance to offer a convenient and secure on line purchasing and gifting opportunities. We expect that this partnership will increase our dollars loaded and transaction volumes by 10-15%”.

Adept Solutions is a financial services company that specialises in the pre-paid financial card market. Adept Solutions is focused on the twin goal of delivering high quality payment systems to its customers and superior returns to its shareholders.

www.adeptsolutions.com.au

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ASX Company News: Adept Solutions Secures New Prepaid Debit Card Contract

Thursday, October 11th, 2012

Adept Solutions Limited (AAO) is pleased to announce that Emerchants Limited has signed a 3 year agreement with Nimble Australia Pty Ltd, formerly known as Cash Doctors, under which Emerchants will be providing Nimble with a fully re-loadable Visa prepaid debit card for their customers. Nimble is an award winning online consumer lender that offers its customers an innovative, transparent and fast service. As part of its consumer solutions it offers disbursements of loan proceeds onto Visa cards to be issued by Emerchants.

The Nimble program will encourage customers to use the card on an ongoing basis. The program includes features that Emerchants has been developing over recent months, including allowing customers to pay bills through B-Pay and directly load funds onto their card via their bank account. Emerchants has also built a customizable data suite that allows Nimble to manage their reporting, and management, more efficiently, enabling them to more effectively help their customers.

Adept Solutions Managing Director, Mr Tom Cregan, commented “We are delighted to form a partnership with Nimble. Our re-loadable prepaid product fits perfectly into their core business and we have been impressed by their singular focus on their customer and providing their customer with best in breed products and services. It has also allowed us to develop several new product features that will improve our product offering and will generate more revenue over time”. Greg Ellis, Nimble Co-founder stated “We’re very excited to be working with Emerchants.

Adept Solutions is a financial services company that specialises in the pre-paid financial card market. Adept Solutions is focused on the twin goal of delivering high quality payment systems to its customers and superior returns to its shareholders.

www.adeptsolutions.com.au

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ASX Company News: ANZ To Rebrand National Bank In NZ

Thursday, September 27th, 2012

ANZ National Bank (ANZ) announced that after almost ten years of operating ANZ and The National Bank in New Zealand, the two brands would be brought together as ANZ. New ANZ will remain in all communities now served by ANZ and National Bank. $100 million will be spent on branches, with branch presence in New Zealand increasing from 75% of where New Zealanders live to 90% – 15 new communities. ANZ will adopt The National Bank’s technology system and the majority of its products.

ANZ National Bank CEO David Hisco said The National Bank brand would progressively be phased out over about two years from around the end of October. The company’s legal name would become ANZ Bank New Zealand Ltd. “ANZ bought The National Bank in 2003 and after almost ten years of reducing duplication, the next logical step is to combine them into one,” Mr Hisco said. “In recent years we’ve made things simpler for customers by creating one management structure across both banks, one customer approvals process and, very soon, we’ll be moving to one set of products and The National Bank’s technology system. “The black horse and green colour branding of The National Bank are licensed from British bank Lloyds TSB, and that licence expires in 2014. So it makes sense to change to ANZ, the brand used in 32 markets around the world.

www.anz.com

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ASX Company News: Ezeatm Enters First Data Processing Agreement

Wednesday, September 26th, 2012

Ezeatm Limited (EZA) is excited to announce that it has signed a five – year agreement with First Data for ATM processing, switching and other related services.

Todd Zani, Ezeatm’s Chief Executive Officer said that “prior to our iCash acquisition, Ezeatm had non-exclusive processing agreements with both iCash and Indue, who in turn had ATM processing agreements with First Data. For more than ten years, we have had an indirect relationship with First Data and I am extremely proud that this is now a direct relationship which has now been extended for another five years.” “We’re pleased to enter into this direct relationship with First Data which will enhance service delivery to our clients and deliver costs savings for the business and our shareholders,” said Zani.

The existing agreement with First Data was scheduled to cease on 14 January 2014 but negotiations were commenced in good faith in relation to the extension and re- negotiation of key terms of the existing agreement. Under the terms of the new agreement, First Data will provide management, switching, driving and operational support of Ezeatm’s 1800+ ATM devices in Australia.

”Within the Australian payments market, we have more than 28 years experience, process more than 1.5 billion transactions per year on our wholly owned switching infrastructure, and lead the industry with 100 per cent scheduled switch uptime over the last 10 years,” said John Tait, Managing Director of First Data, Australia and New Zealand. “We are pleased to leverage this experience in transaction and payment solutions to provide Ezeatm with industry leading services and reliability.”

www.ezeatm.com.au

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ASX Company News: Adept Solutions Secures Heritage Bank Agreement

Tuesday, September 11th, 2012

Adept Solutions Limited (AAO) is pleased to announce that Emerchants Limited (Emerchants) has signed a 3 year agreement with Heritage Bank Limited, under which Heritage Bank will act as an ADI, or Approved Deposit Taking Institution , for card balances on cards issued by Emerchants. Emerchants issues prepaid cards under an Australian Financial Services License but is not an ADI, and therefore all cardholder balances are securely held in a number of financial institutions around the country.

Under the terms of the agreement, Emerchants will be able to issue Visa branded gift cards, Visa private label products and Visa branded re-loadable prepaid cards, complementing our ability to currently offer Mastercard branded products and EFTPOS branded products. This partnership with Heritage Bank and Visa is a cornerstone foundation of new products and partnerships that we plan on announcing in the coming months.

Adept Solutions’ Managing Director, Mr Tom Cregan, commented, “We are delighted to partner with Heritage Bank and have been working towards this launch for several months. Strategically this is an important partnership for us on many levels. It provides us with an ADI partner that is committed to growing the prepaid market in Australia and it provides us with access to issue prepaid products under the Visa brand.”

Heritage Bank CEO, Mr John Minz, welcomed the launch of the partnership with Emerchants. “Heritage is one of the largest issuers of cards for prepaid card scheme providers in the country. This is an area where we have considerable expertise and experience, and that we expect to grow in future,” Mr Minz said.

“Our partnership with Emerchants is a perfect example of how we are able to provide the professional and cost-effective banking services that prepaid card providers require. We look forward to working closely with Emerchants to maximise the potential of this business stream.”

www.adeptsolutions.com.au

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ASX Company News: GRG International Acquires Triton Systems

Friday, September 7th, 2012

GRG International Limited (GRG) has executed binding contracts to purchase the holding company Triton RE Acquisitions LLC and independent equity interests in Triton Systems of Delaware LLC. Total acquisition costs are expected to be approximately US$25.0 million, comprising US$20.6 million for the Triton business with the balance associated with the purchase of Triton’s land and facilities and other transaction costs. Triton RE owns real estate and manufacturing facilities in the US as well as 53.33% of all issued equity in Triton Systems of Delaware LLC. In addition to the purchase of Triton RE, GRG International has also contracted to purchase additional equity in Triton from private shareholders.

Triton is a major US-­‐based manufacturer of off-­‐premise ATMs and ATM management software. For over 30 years Triton has been a pioneer in manufacturing retail ATMs in the United States and shipping them worldwide. Triton boasts over 200,000 installations in more than 24 countries. The Triton integration is projected to increase GRG International’s consolidated annual revenues by over A$55 million, annual profits by A$6.3 million and increase assets by over A$25 million. GRG International also expects synergies between Triton and its North American operations to result in cost savings from this financial year.

www.grgatm.com

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ASX Company News: APA Increases Cash Component Of Offer For HDF

Monday, August 20th, 2012

A subcommittee of independent directors of Hastings Funds Management Limited (HFML), as Responsible Entity for HDF advised that it has reviewed the APA Group’s (APA) increased takeover offer for HDF announced earlier.

Subject to meeting the other offer conditions as outlined in its announcement, APA’s increased offer is based on the level of ownership it achieves. If APA achieves ownership of 90 percent or more of HDF securities and becomes entitled to proceed to compulsory acquisition, its improved offer will increase by $0.18 cash to $0.80 in cash and 0.390 APA securities for each HDF security, or an implied value of $2.63 per HDF security based on yesterday’s closing price of $4.70 for APA securities.

If APA achieves ownership of more than 70 percent but less than 90 percent of HDF securities, APA’s offer is increased by $0.10 cash to $0.72 in cash and 0.390 APA securities for each HDF security, or an implied value of $2.55 per HDF security based on yesterday’s closing price of $4.70 for APA securities.  APA has noted further reductions in a number of conditions since the announcement of its initial offer. In particular, following discussions with its own financiers, APA now intends to waive the conditions of its offer relating to change of control and other matters pertaining to HDF’s financing arrangements.

As a result of their review of APA’s revised offer, the independent directors have advised Pipeline Partners Australia that APA’s revised offer is superior to Pipeline Partners Australia’s current all cash takeover offer of $2.43 per HDF security.  Pipeline Partners Australia has until midnight (AEST) on Tuesday, 21 August 2012 to either provide an equivalent or superior outcome for HDF Security holders relative to the revised APA offer, in accordance with the terms of the Takeover Bid Implementation Deed between HDF and Pipeline Partners Australia.

The independent directors have not, at this time, changed or withdrawn their unanimous recommendation of Pipeline Partners Australia’s offer. HDF will keep the market informed of developments as appropriate.

www.hfm.com.au

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ASX Company News: Transaction Solutions Secures Another 100 ATMs in India

Friday, August 17th, 2012

The Directors of Transaction Solutions International Ltd (“TSI”) are pleased to announce that TSI India has signed a third, 9 year agreement with Tamilnad Mercantile Bank (“TMB”), one of India’s fastest growing banks.

Due to a timely and successful phase 1 and 2 rollout program, TMB has again appointed TSI India to deploy, manage and operate a minimum of 100 bank branded ATM sites. TSI continues to be the preferred deployer of TMB ATMs. All ATMs deployed under the agreement will be owned or can be leased by TSI India.

Upon successful completion of the deployment, TSI’s TMB ATM network will have approximately 325 bank branded ATMs, and increase TSI’s total ATM network to in excess of 1000 ATMs.

Tamilnad Mercantile Bank is a fast growing bank in India. Due to high customer acquisition, it is expected the ATM network growth for the bank will continue to grow quickly, with TSI continuing to participate in TMB’s growth in the future.

www.tsiplc.com

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ASX Company News: Centrepoint Alliance To Sell Singapore Financial Advice Business

Thursday, August 9th, 2012

Centrepoint Alliance Limited (CAF) is pleased to announce that it has entered into a conditional agreement with Aviva Asia Holdings Pte Ltd for the sale of the CAF group’s interest in its Singaporean financial advice business, Professional Investment Advisory Services Pte Ltd (PIAS).

Tony Robinson, Managing Director of CAF said, “While PIAS is one of the most successful investor adviser services businesses in Singapore, it is difficult for us to contribute to its management and meet its investment needs going forward. We believe the transaction with Aviva gives PIAS a shareholder who will help it achieve its growth aspirations, and provides CAF Shareholders with an opportunity to remove a significant CAF shareholding from the market and receive reasonable consideration for the business.”

Aviva Singapore’s CEO, Nishit Majmudar said, “We are excited about the opportunity to be involved with PIAS and look forward to working with PIAS advisers in facilitating growth opportunities for the company.” The consideration offered by Aviva Asia for the acquisition of CAF’s interest in PIAS are 7,731,884 CAF shares and approximately S$280,000 in settlement of any loan balances between PIAS and CAF. The shares will be returned to CAF, through a buy-back transaction in exchange for the acquisition of CAF’s shareholding interest in PIAS. The CAF shares will subsequently be cancelled, thus reducing the number of CAF shares on issue to 93,465,446 post .

Fifth Floor Pte Ltd, a wholly-owned subsidiary of Centrepoint Alliance Limited (CAF) will sell to Aviva Asia Holdings Pte Ltd (Aviva Asia) its entire shareholding (representing approximately 81% of the issued capital) in Singaporean subsidiary Professional Advisory Holdings Ltd (PAH), whose wholly-owned subsidiary Professional Investment Advisory Services Pte Ltd (PIAS), conducts a financial planning advisory business in Singapore under a branch network structure with over 300 licensed financial advisers. The consideration for the sale of the PAH shares is to be satisfied by Aviva Asia procuring its UK related company Aviva Overseas Holdings Limited (AOHL) to enter into a buy-back agreement with CAF under which AOHL agrees to sell and transfer to CAF its 7.6% shareholding in CAF.

www.centrepointalliance.com.au

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