AccessPay announced a strategic partnership with Global Reach Partners tol help international businesses face the difficulties of cross-border fx payments by unifying their payments processes under one innovative payment solution. Companies who import, export or do business overseas can now harness the combined power of both AccessPay and Global Reach Partners to access a single, unified global payments system; they will no longer have to use different processes to make Bacs, SEPA and cross-border payments, all of which can be expensive and time-consuming.
Diebold and Suncoast Credit Union, supported by FIS, will enable full cash recycling at the ATM with Diebold’s Opteva® Flex Performance Series ATMs. This will allow the ATMs to reuse consumer-deposited cash for future withdrawals, enhancing ATM availability and reducing the frequency and cost of cash replenishment visits. FIS, the world’s largest banking and payments technology provider, is designing and implementing the back-end processing required to facilitate full cash recycling. Diebold’s Opteva Flex Performance Series ATMs have a recycling capacity of up to 10,800 notes and accept deposits of up to 13,100 notes in a five-cassette configuration.
Fiserv announced FirsTier Bank implemented its Premier bank platform along with a host of additional Fiserv solutions. The innovative navigation tools and efficient processing capabilities within the Premier bank platform were determining factors in FirsTier Bank’s selection of Fiserv. The bank expects the user-friendly, browser-based design of Teller Source Capture(TM) from Fiserv to save staff time, while shortening transaction times for customers. By simplifying workflows and business processes, FirsTier Bank anticipates it will be able to offer more convenient, value-added customer service. Known for its robust functionality and scalability, Premier is the bank platform for a wide range of financial institutions with diverse goals, customers, technology strategies and operating environments. Open integration to an extensive set of best-in-class Fiserv solutions and flexible deployment options make this a versatile solution.
Ingenico announced its Roam mobile commerce platform provider partnered Thatcher Technology Group direct selling innovator to implement the mobile point of sale offering for direct selling organizations, on top of its powerful sales performance management software system.The mPOS solution leverages ROAM’s full capabilities: Application Programming Interfaces (API) enabling software interaction, fully PCI compliant payment gateway and mobile payment engine. This will enable Thatcher’s customers to conveniently and securely accept debit and credit card payments, while enhancing customer buying experience and improving business efficiencies. ROAM’s mobile commerce platform also helps reduce costs by enabling direct selling companies to avoid card-non-present transaction rates and reducing post-sale credit card declines and chargebacks.
Acquirer Systems has been qualified by Discover Financial Services to supply D-Payment Application Specification (D-PAS) EMV certification test cards for Discover Network and Diners Club International acquirer testing. With this qualification, Discover and Diners Club International acquirers, merchants and industry partners can now source certified D-PAS test cards directly from Acquirer Systems using a simple and straightforward online ordering process. The D-PAS test cards are used to confirm POS terminal compliance during the D-PAS testing and certification process. The certification cards are based on the latest D-PAS 2.2 card image specification.
First Data payment technology and services solutions added Attra Infotech cards and payments services as its first Developer License Program member for the VisionPLUS and AccessPLUS suite of software products licensed by First Data globally. VisionPLUS, is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well consumer loans, loyalty and merchant accounts on a single platform. Offered with VisionPLUS is AccessPLUS with a suite of business process management products that drives operational staff efficiency in servicing customers and supports portfolio parameter management. First Data’s Developer License Program further contributes to keeping the VisionPLUS and AccessPLUS suite of products flexible and up-to-date with new market trends and technology.
The survey of U.S.-based financial industry professionals was conducted in March 2014 at BAI Payments Connect and reports that 44% of customer accounts have been compromised. More than 15% of financial institutions indicated recent breaches put more pressure on fraud operations resources to do more to protect themselves while 12% indicated that they experienced a negative impact on their brand. Over 75% of respondents said they are looking at additional resources to combat fraud in their organizations, of which 50% are looking to invest in fraud detection system technology, 15% are investing in more training for their fraud management teams and 10% are beefing up staff with new personnel. Although data breach-related fraud has a negative impact on the bottom line and on the industry in general, over 40% indicated their customers appreciate the proactive outreach and response to market events.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 175,000 units in February for a subsequent .1% change in the unemployment rate from January, which now sits at an impressive 6.7%. This was led by employment in construction, manufacturing, wholesale trade, and mining fields. The number of unemployed persons sits at 10.5 million showed little change…
Ingenico is collaborating with Fujitsu to upgrade its UK rail ticketing systems to meet the highest information security standards and improve its contactless capabilities. Ingenico is now supplying Fujitsu with around 1,400 iPP320 contactless PINPads and its proprietary centralised payment process solution, Axis, which will provide full PCI DSS compliance for all of its manned kiosk and telesales ticketing solutions. The Fujitsu STAR ticketing system is a package of services forming a comprehensive ticket retailing solution designed for UK train operators and installed in over 600 stations in the UK. To date, nine of the train operators use STAR as their preferred ticket retailing solution. Ingenico’s Axis platform manages payment transactions from the point of sale to the transaction acquirer. It complies with security requirements and even goes beyond the scope of the regulations by providing its customers with modules intended to protect them against internal fraud, the theft of sensitive data and system breakdowns.
MasterCard announced that it has appointed Anna Yip as head of Hong Kong and Macau. Yip brings years of experience in the financial services industry in Hong Kong, Greater China and Southeast Asia. She will be responsible for developing strategy for the local market and forging close business alliances with customer financial institutions, while developing and promoting MasterCard products and services in line with market demands. Yip joined MasterCard in 2013 as head of Greater China, MasterCard Advisors, the professional services arm of MasterCard which provides proprietary analysis and solutions. Based in Hong Kong, she was responsible for the operation and growth of the business in the Greater China region Yip was previously the managing director for Corporate Planning and International Strategy at United Overseas Bank in Singapore and a partner with McKinsey & Company in Greater China.
Allpay invested £3m in a new facility at its head office following substantial expansion plans, which will follow the opening of two other brand new office locations. The Company processes over 50 million transactions and handles over GBP 4.5 billion each year. Allpay has already won some significant deals providing payment collection services and card services. The new state-of-the-art bureau and card production facility, due to be fully operational by June 2014 will see an influx of the latest card manufacturing machinery which, will double the current capacity of card production. allpay is also a well-established manufacturer of plastic cards accredited by MasterCard® and Visa with a growing global client base. With secure production facilities in Hereford, allpay provides a fully managed fulfilment service for credit and debit cards to prepaid, transit and ID cards.
Redi2 Technologies announced that Standard Life Wealth has deployed its Revenue Manager software. Redi2 Revenue Manager™ is a hosted fee billing and revenue management solution that provides organizations with intelligent workflow and exception management functionality, and supports a wide variety of asset aggregation methodologies. Additionally, Revenue Manager calculates for different tax rules, calculates performance fees and generates invoices. Standard Life Wealth is a wealth management service and one of many subsidiaries of Standard Life plc., a provider of long term savings and investment. In September the company acquired Newton Private Clients from Newton Management Limited, also of the UK. The combined businesses have £5.8 billion in assets under management.