[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Card payments now account nearly 70% of all noncash payments, while the number of checks paid continued to decline. A 2013 Study by the Federal Reserve now shows the total number of noncash payments, excluding wire transfers, was 122.8 billion, a growth rate of 4.4% annually from 2009 to 2012. The…
hyperWALLET, a leading provider of global payment solutions, announced the availability of new direct-to-bank payment and Western Union cash pickup services for both Colombia and Croatia. hyperWALLET’s e-wallet technology and extended payment services enable corporations to pay people in a fast, cost-effective manner in local currency across both countries. Through their online e-wallet, payees can choose to receive their funds direct-to-bank, or pick up their money as cash at any Western Union agent location in Colombia or Croatia.
Mpayments brought to Canada potential risks to Canadian consumers, according to “Mobile Payments and Consumer Protection in Canada,” Financial Consumer Agency of Canada (FCAC). It the extent to which financial consumers in Canada are protected when making m-payments and found that consumer protections vary greatly. Users of m-payments in Canada are not all protected equally, as consumer protection obligations vary by service provider. Mobile devices represent an opportunity to improve disclosure by informing consumers and seeking consent in real time. M-payment service providers may sell user data to third-party marketers, who then target consumers with advertising based on demographic, behavioural and geographic information. This practice, known as profiling, may provide benefits to consumers, but it may also pose new risks, particularly when products are marketed to vulnerable consumers.
BPC Banking Technologies Open System payment solutions announced Belgazprombank deployed its SmartVista. To support the Bank’s strategy and innovative culture, Belgazprombank made the decision to implement its own processing centre, thereby allowing the Bank to take full control of its payments business. With SmartVista as a kernel of the new processing system, the Bank is able to support international payment systems such as Visa, MasterCard and China UnionPay along with the local payment system – “Belkart”. Additionally the Bank is now better positioned to meet new state regulations and initiatives. During the project BPC Banking Technologies used its expertise in connecting to national payment systems to rapidly integrate to the “Belkart” system, which has over 5 million cards in circulation.
NCR is transforming the branch experience in the Volksbank Jever real estate center by implementing a hardware, software and services solution to make property search easier, clearer and more state-of-the-art for its customers. The solution consists of the NCR SelfServ 85 kiosk with a large touch screen and newly developed, custom software by the NCR team in Germany. The software is specifically tailored to the online databases of cooperative, savings and private banks, and can be activated for display on the NCR kiosk with just one click. The complete package includes installation along with services for hardware and software. The NCR kiosk replaces previous paper advertisements and provides customers with a clear, interactive tool that they can use just as they would on their smartphones or tablet PCs in order to discover property offers, select town districts on a map, zoom in on images, scan QR-codes and save object details on their mobile devices.
Capital One has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business. The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States.
Geezeo, web-based, data-driven marketing platforms to financial institutions announced West-Aircomm Federal Credit Union will integrate Geezeo’s PFM product into its online banking platform. The credit union will be provided with a fully integrated, white label PFM solution, and will benefit from Geezeo’s unique data-driven engagement banking platform. Geezeo is a proven pioneer in enabling financial institutions to deliver relevant messaging from within the online banking environment and beyond.
Fiserv announced that its Mobiliti solution received the highest score for a customizable solution in the Javelin Strategy & Research 2013-2014 Mobile Banking Vendor Scorecard. Based on an evaluation of security, mobile platform support, product features and emerging capabilities, this marks the third year that Fiserv has been a top ranked mobile banking solution provider in the report. Fiserv was rated highly across all four areas of evaluation for customizable solutions, particularly the features category. The features category analyzed money monitoring and advanced money movement capabilities available through the solution, as well as user ratings, reviews, partnerships and clients. The Javelin report noted that adoption of mobile banking continues to grow rapidly, as does its importance to consumers, which underscores the value of selecting a leading mobile banking provider. In a positive sign, only 31 percent of non-mobile bankers said they were skeptical of mobile banking’s value, down from 40 percent in 2012.
Bluefin Payment financial technology provider of cloud-based integrated payment solutions for independent software vendors (ISVs), announced they have partnered with a premier international payment platform provider to expand their US and Canadian presence to include international payment processing in early 2014. Bluefin’s innovative and proprietary PayConex platform will now support e-commerce and mail order/telephone order (MOTO) payments in 52 countries across six continents in 187 currencies. Bluefin secures the cloud with a security suite that includes tokenization, transparent redirect, and end-to-end encryption (E2EE). ISVs and SaaS providers integrate PayConex directly into their software, providing their customers a seamless payment experience while extending the functionality and value of their software.
Capital One has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business. The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States. Capital One’s partnership with BRP provides consumers with access to credit that can be used for accessories, services and/or vehicles at BRP dealerships. Offerings include a Life of Loan product, which is designed to be paid off over a set term, as well as promotional rate financing options, which have a low intro APR for a set period of time.
CR2 is pleased to announce the appointment of Mike Brady as its Chief Operating Officer. The position of Chief Operating Officer has been newly-created within CR2 and reflects the rapid growth of the company. Mike’s responsibility is to ensure alignment of operations with CR2’s strategic goals. Mike brings with him over 25 years of experience in the technology sector. Prior to joining CR2, Mike spent 10 years as CEO of his own start-up companies Cibenix and Anam. He previously served as CEO of Siemens subsidiary, Irish-based SSE.
TransFirst® announces in conjunction with VeriFone Systems, Inc. (NYSE: PAY) that it now offers its merchant customers the EMV- and NFC-capable VX 680 wireless terminal from VeriFone. The VeriFone VX 680 offers the portability and processing power to fit the needs of any small business. Its wireless, 3G connectivity feature enables merchants to accept credit and debit card payments anywhere in just seconds, while easy-to-use touch-screen technology and a bright, 3.5-inch color screen make the terminal simple to use.