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Alto Global Processing: InComm Acquires Giftango Corporation, Expands Digital Gifting Solution

ATLANTA, Jan. 8, 2013 /PRNewswire/ — InComm, a leading prepaid product and transaction services company, has acquired Giftango Corporation, a leading digital gifting Imagesolutions provider. Giftango expands InComm’s reach into ecommerce gift card sales and distribution through high volume channels.

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“This acquisition opens doors to new and meaningful distribution channels for InComm merchants and product partners. Giftango is the digital gifting technology behind very large loyalty, incentive and mobile platforms in the US market and has made inroads internationally as well,” said Brooks Smith , InComm president and CEO. “This also adds proven B2B, ecommerce and promotional toolsets to the portfolio of InComm products.”

Founded in 2005, Giftango entered digital gifting by providing turnkey solutions to help merchants sell gift cards from their websites. After identifying needs in the fulfillment, customer service and management of gift cards between leading merchants and their largest gift card purchasing partners, Giftango created solutions specifically designed to streamline these processes. Today, more than 150 leading brands deliver digital gift cards through Giftango’s network of more than 80 partners.

Digital gift cards are rapidly growing in popularity among consumers. A holiday forecast by Mercator Advisory Group, an independent research and advisory services firm focused on the payments industry, predicted that retailers would issue eight million virtual gift cards during the 2012 holiday season. Giftango finds that as many as 80 percent of consumers select digital delivery when the option is presented alongside a plastic version of the same card in a loyalty program.

“The combination of our two companies brings together the cutting-edge digital ingenuity of a startup with an established leader in the prepaid space, creating a complete prepaid solution for all market participants that is unmatched,” said David Nelsen , Giftango CEO. “Coming together allows us to extend digital prepaid functionality that is necessary for mobile wallets, incentive and loyalty distribution, financial institutions and the new mobile payments ecosystem. It is an exciting day for Giftango, our partners and our clients.”

Giftango will become a wholly owned subsidiary of InComm and will continue to grow its operations in Portland, Ore.

About InComm
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 400,000 points of distribution and helps retailers build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 123 global patents, InComm is headquartered inAtlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.

About Giftango
Giftango Corporation, founded in 2005, has redefined gifting with their innovative delivery of digital eGift Cards to email, mobile phones and Facebook. Merchants utilize the Giftango platform to power ecommerce sales, a wide variety of promotions, and distribution through Channel Partners. Giftango’s Channel Partner solutions give business-to-business and direct-to-consumer companies the ability to add eGift Card fulfillment to their existing user interface for a wide variety of national brands. For more information, visit www.giftango.com.

Source: http://www.prnewswire.com/news-releases/incomm-acquires-giftango-corporation-expands-digital-gifting-solution-186011982.html

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For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing Please visit Alto Global Processing

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Alto Global Processing: Fiserv to Expand Popmoney P2P Payments Capabilities with MoneyGram

DALLAS–(BUSINESS WIRE)–MoneyGram International (NYSE: MGI), a leading global money transfer company, and Fiserv, Inc., a leading global provider of financial services technology solutions, announced today an agreement to add MoneyGram’s money transfer services to the menu of money movement options available to financial institutions and consumers through the Popmoney® from Fiserv person-to-person payments product.

“Working with MoneyGram will allow Fiserv to enhance the Popmoney service with cross-border and cash payment options, and expand consumer choices for managing their money.”

Upon integration, the 1,400 financial institutions that currently are part of the Popmoney network will have the opportunity to offer customers the ability to send money through MoneyGram’s vast global network, which spans more than 267,000 locations in 192 countries and territories. Consumers receiving money via Popmoney will also have the option to receive cash payments in person at any MoneyGram agent location.

“This relationship provides MoneyGram with access to a wide number of financial institutions that have existing relationships with Fiserv, expanding our reach in an easily scalable way,” said Tim Summers, MoneyGram global head of strategic partnerships.

“With Popmoney, financial institutions can provide their customers with a faster, easier and more secure way to send and receive money from their bank or credit union accounts,” said Neil Platt, senior vice president and general manager of payments, CashEdge Division, Fiserv. “Working with MoneyGram will allow Fiserv to enhance the Popmoney service with cross-border and cash payment options, and expand consumer choices for managing their money.”

Popmoney provides an easy and convenient consumer experience, enabling bank and credit union customers to request, send and receive electronic payments using their existing bank account. Consumers only need the recipient’s email address, mobile phone number or bank account information to send money. For more details on the service, visit www.popmoney.com.

About MoneyGram International

MoneyGram International, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 256,000 agent locations—including retailers, international post offices and financial institutions—in 192 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit www.MoneyGram.com or connect with them on Facebook.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For six of the past eight years, Fiserv ranked No. 1 on the FinTech 100, an annual international listing of the top technology providers to the financial services industry. For more information, visit www.fiserv.com.

For more information on this please feel free to contact Luca Bizzotto, CEO of Alto Global Processing

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Alto Global Processing Signs Credorax to Merchant Bank Portfolio

Per press release issued on:
December 20, 2011
PRNewswire

An Alto Global Processing referring merchant banking institution.
BOSTON, Dec. 20, 2011 /PRNewswire/ — Credorax, a leading developer of next generation technology for the processing of online payment transactions, and a Financial Institution licensed under the EU Payment Services Directive (PSD), announced today that it has selected AMD (NYSE: AMD) Opteron™ processors for its proprietary NextGen ePower™ Payment Processing and Acquiring Platform.

Through this collaboration, the AMD Opteron technology, which features up to 16 processor cores per CPU to enhance performance when combined with Credorax’s technology, will help establish a new industry standard in online payment processing and value-added end-to-end services to merchants and Internet Payment Service Providers (IPSPs) worldwide.

Credorax provides advanced online payments, business intelligence and value-added business optimization tools to help grow online merchant businesses. With its incredible performance for parallel applications, AMD Opteron processors will help increase operational services backed by ePower, Credorax’s proprietary cloud-architecture payment processing system with advanced production techniques for fraud management, analysis and velocity data checks.
“AMD technology enhances ePower with the high performance, scalability and reliability we need to continue to provide our customers and partners with NextGen technology and first-class services,” said Michael J. Ellis, chief information officer of Credorax. “Together, we’re building a world-class system that supports Credorax’s high business growth and global coverage.”

“The highly parallel processing capabilities of the new AMD Opteron processors are uniquely suited for the rigorous high-volume online payment processing market, and will help Credorax’s NextGen ePower solution process as many payment transactions that the network can support,” said Paul Struhsaker, corporate vice president and general manager, Commercial Business, AMD. “Our robust family of server processors is powering ecommerce with innovative companies like Credorax, bringing next-generation technology and value-added services to the world of online payment processing.”

Credorax is unique in that it owns both the hardware and software of the ePower platform, allowing it to optimize each system, respectively. Additionally, the platform’s web-based nature favors hardware environments with multiple memory channels and high core-counts, making it a natural fit for AMD-based systems. Similarly, the unique architecture of the AMD Opteron processor also makes it ideal for the demands of high-transaction rate applications and platforms in the online processing market.

Featuring Direct Connect Architecture, an integrated memory controller and HyperTransport™ technology for additional memory bandwidth, speed gains, low latency and superior scalability, AMD Opteron processors with Credorax’s next-generation technology deliver the right mix of performance, reliability and scalability for large-scale ecommerce payment processing.

About Credorax
Credorax provides online payment processing & acquiring bank services under one roof, to a diverse range of online merchants and IPSPs, worldwide. Credorax provides smart acquiring solutions backed by next generation technology. Credorax customers enjoy seamless integration payment services, excellent rates, high transaction approval rates and a wide range of value-added customer services.

Credorax is a licensed financial institution and a Visa and MasterCard principal member.

Credorax and Alto Global Processing
“We are delighted to offer Credorax as a merchant processing option to our merchants” says Alto Global Processing’s, Luca BIzzotto.  “The bank is a great addition to our merchant banking portfolio and we are thrilled to have a growing institution such as Credorax to further broaden our horizon’s at Alto Global Processing”.

Luca Bizzotto, serves as chairman of Alto Global Processing

SOURCE Credorax

 

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