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Banking Services: Electronic Cash
• ACH Processing Company - Provides electronic banking services through the Federal Reserve Banking System.
• CheckFree Corporation - Provider of financial electronic commerce services.
• CHIPS - Electronic system that handles monetary payments moving between countries around the world.
• eCatalystOne - ePAID, a pre-paid purchase card, can be used to buy and sale anonymously over the Internet.
• EcoCard Ltd - A virtual card for online payments.
• Ecount - Web account enables users to send, spend and receive cash online.
• e-Duction - Process lets employees pay for products and services out of future paychecks.
• Fidesic - Enables electronic payments between any two parties with email addresses and U.S. bank accounts.
• First Data - Provides money and information movement services for business. Includes pages about governance, solutions, news, and investment. (NYSE: FDC).
• FreedomPay - Cashless payment system enables members to make small purchases without cash or coins.
• Fundtech Ltd. - Designs, develops, markets, and supports client/server products for electronic payments. (Nasdaq: FNDT).
• HyperWallet - Offers online, global and mobile payment solutions, international payment distribution and multi-currency transaction processing services.
• InternetCash - Use to shop online at participating websites.
• Mellennia - Provider electronic gift, loyalty, corporate and prepaid card services.
• Moneybookers - A service for individuals and merchants to send and receive money online using an E-mail address or payment buttons.
• New England ACH Association - Promotes use and understanding of electronic payments, specifically the ACH.
• NewGenPay - Develops and licenses secure, efficient interoperable payment systems.
• PayPal - Online payment service for individuals and merchants. Allows users to send money and bills to anyone with e-mail.
• Paypal Warning - Warns PayPal users of their service policies. Collects and publishes complaints about Paypal.
• Praxell - Secure, IP-based stored value platform enables two or more parties to transact business over the Internet.
• Visa Buxx - Offers a reloadable shopping card designed for parents to help teens budget wisely.
• WildCard Systems - Develops prepaid or host based stored value payment system cards or virtual accounts, enabled through Web applications.
• XRT - System promotes global visibility of cash and treasury, risks and payment, and secure end-to-end tracking and control of financial flows.
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World's No. 1 ATM manufacturer NCR to build a new manufacturing plant in Brazil
World's No. 1 ATM manufacturer NCR is to invest R$73 million to build a new manufacturing plant in Brazil that will create 250 new jobs.NCR says the site will produce cash machines for Brazil, Latin America, and Caribbean markets, with production slated to being by the end of the year. The new plant will take over production currently outsourced to a local contract manufacturer.
Brazil is the third largest ATM market in the world and is expected to grow 16% by 2012. NCR says the new factory will look to design and engineer specific products to meet the needs of Brazilian financial institutions, including capabilities for biometric ID and cheque printing.
Bill Nuti, NCR's chairman and chief executive officer, comments: "With this new capability, we believe we will be better positioned to take market share by providing leading hardware, software and service solutions, tailored specifically to meet the needs of our customers and fulfilling our goals of growing our business, while lowering our operating costs."
NCR has been undergoing a major shake-up of its global ATM manufacturing over the past two years in an effort to cut costs and improve productivity. Earlier this month, the firm announced plans to relocate all North American manufacturing to a new site in Columbus. In March, NCR finally called time on manufacturing at its site in Dundee, Scotland, as it shifted work to new sites in cheaper European locations.
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