NCR Corporation has signed a definitive agreement to purchase Digital Insight Corporation online and mobile banking solutions for $1.65 billion and completed the acquisition of Alaric Systems Limited for $84 million. These companies complement and extend NCR’s existing capabilities in the banking industry to form a complete enterprise software platform that will deliver a unique and compelling consumer experience across all digital and physical channels – mobile, online, branch, and ATM. The combination will help retail banks and other financial institutions reduce legacy costs and enable solutions for new, more nimble branches, by providing one platform for omni-channel services and all payment and transaction types. The acquisitions together will also position NCR to deliver an enterprise software stack that securely and seamlessly creates a differentiated consumer experience across all channels (online, mobile, ATM, branch) improving a retail bank’s growth, profitability and customer satisfaction. Alaric Systems payments processing and fraud prevention software allows financial institutions, processors and retailers to manage ATM, point of sale, ecommerce and mobile payment or banking transactions, deliver complex multi-channel payments integration and carry out enterprise fraud and risk management.
Purchase dollar volume (PDV) on Visa credit cards in Latin America Countries (LAC) has been slowing for the past year. After climbing 20.6% in the fourth quarter of last year, year-on-year Visa LAC growth declined to 16.3% in the third quarter. MasterCard’s growth in Latin America increased 23.6% in the third quarter, its highest level in two years.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Although cardholders continue to rack-up their credit card debit, at least they continue to pay their bills on time. Prime charge-offs are anticipated to decline for the seventh straight month to the lowest observation in the near 23-year history of the Fitch index, even as total outstanding revolving US consumer credit…
U.S. credit card average tickets for purchase transactions on Visa credit cards are up a mere 0.7% compared to one-year ago and declining for three consecutive quarters. Meanwhile, MasterCard average purchase tickets on U.S. credit cards are up over the same period, but remain lower than the first quarter.
Lycamobile Group prepaid international calling cards selected WorldPay payment processing, risk and alternative payments, to execute its end-to-end payment services including acquiring, gateway, risk, treasury and alternative payments to support its global payment requirements. Previously, Lycamobile Group used a number of payment providers for acquiring, gateway, risk and treasury but the company chose to consolidate and select a payment partner that could offer the full breadth of services and support the company as it expands globally. WorldPay was selected due to its expertise in e-commerce, its global reach and the range of payment services it can provide. Lycamobile Group’s customer base spans across the Asian, African and South American communities that live abroad and the business has ambitious plans to expand globally, offering more services that will benefit its customer base.
Vivo implemented Gemalto digital security to provide the TSM (Trusted Service Manager) platform, allowing it to offer m-payment products with NFC adding mobility, security and convenience for its users. With the solution in place and together with Gemalto’s UpTeq multi-tenant NFC SIM cards, Vivo will be able to expand its product portfolio for m-payments, offering services to mobile customers including contactless payments, transit ticketing and financial transactions between users of the solution. The development and delivery of financial products and services represents the company’s firm commitment to grow and strengthen its operations beyond connectivity, adding a new option for customers as well as for those who want to start or intensify contact with connectivity technologies.
NCR Corporation announced that it has been awarded professional service contracts from Bank of China to develop new automated teller machine (“ATM”) applications running on the bank’s multivendor software platform, NCR APTRA Edge, to support the bank’s initiative in implementing paperless ATM transaction flow and its Financial Integrated Circuit Card (“IC”) 5.0 project. The Bank of China’s ATM network went live with the NCR APTRA Edge platform last year and most applications on its ATM network have completed the initial phase migration process to be compliant with EMV1 (PBOC 2.02) standards. As part of the project, NCR will provide software application development, system analysis, support services and related training programs. In line with the new market demand for smart cards, Bank of China also is kicking off a Financial IC Card 5.0 project to enhance its IC card product features and business process.
Western Union and Better Business Bureau launched BBB Scam Stopper to help consumers reduce their chances of becoming a victim of common scams. In conjunction, the partnership is advising consumers It’s best always to donate to a charity directly after confirming its legitimacy – rather than giving in response to a phone call or by clicking an email link. Never send a money transfer to an individual for a charity. Western Union does accept donations for charities, but the money transfer must be sent to the organization, not to an individual. Never share banking or credit card information with a person or business you don’t actually know. Never click on links to charities on unfamiliar websites or in texts or emails. These may take you to a lookalike website where you will be asked to provide personal financial information or to click on something that downloads harmful malware into your computer.
Polaris Financial Technology announced that its Payments Hub from its iGTB division received a ‘Best in Class’ recognition for Payments Operations in CEB TowerGroup’s annual Payment Hubs Technology Analysis report, 2013. As a real-time payments solution that minimizes operational risk and improves the Straight Through Processing rate to over 90%, Polaris’ Payments Hub provides superior customer experience though a channel agnostic service layer with the flexibility to configure to meet changing customer needs, regulatory reforms and operational arrangements. With a 360° view of corporate activities related to payments, it offers better risk management, supports centralized control of global payments operations and its robust exception handling process and AML and fraud management capability reduce Exception and Investigation and manpower costs.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Having increased the past four consecutive months, the Conference Board Leading Economic Index for the U.S. was up 0.2% in October to 97.5 after a 0.9% increase in September and a 0.7% increase in August. This helps lift the six-month annualized growth rate to 5.1% from 3.7% in the previous six…
Paysafecard prepaid payment provider added one of the few remaining EU countries in which it is not yet present. In Bulgaria, the use of paysafecard is always linked to the online payment account my paysafecard. my paysafecard allows customers to manage all of their purchased PINs and remaining credit from a single account. In addition to its simple and secure payment process, which requires neither a bank account nor a credit card, my paysafecard users benefit from a greater overview of their balance and past payments. Customers simply have to verify their personal details once by presenting their ID card at a sales outlet. A specially developed web service makes it possible to immediately verify a customer’s identification.
Kobil IT security solutions for the financial industry added a completely new dimension to its deep-rooted cooperation with Yapi Kredi, which is one of the oldest Turkish banks. The Innovative and modular platform technology “Application Security Technology (AST)”, which will be integrated into Yapi Kredi’s IT infrastructure within the scope of cooperation, will allow Yapi Kredi ‘s customers to perform their banking operations in a more secure environment than ever before. Furthermore the Bank will provide its customers with KOBIL mIDentity mini as well as KOBIL OTP technology. Yapi Kredi will utilize Application Security Technology (AST), presented by KOBIL especially for mobile platforms (iOS, Android). The AST solution offers a foundation that increases the level of customer security on all alternative channels such as mobile banking, Internet banking, ATMs and telephone banking. The AST solution automatically performs the majority of security operations thus providing the utmost convenience for the end user.