Monitise appointed Steve Chambers of Visa Europe to its Board, having spent most of his career in the payments sector. As Chief Information Officer at Visa Europe, Steve has been responsible for Visa Europe’s processing business which means regional data centres and business operations, enterprise architecture, technology and systems build, all change management and Visa Europe’s processing centre of excellence. Steve joined Visa in 2005 and managed the delivery of the Visa Europe authorisation service in 2006 as the first step in the creation of a European payments platform. At the same time he built the organisation and infrastructure needed to complete this journey and deliver best in class services to the Visa Europe world. Prior to joining Visa, Steve worked for ACI, First Data Merchant Services and EDS.
The 10 best EMV gateway services have been selected by topcreditcardprocessors.com for the month of October 2013. Each month the independent evaluation team spends time identifying and reporting the best credit card processing services around the world to assist businesses in selecting the best EMV compliance testing company to meet their specific needs. The 10 top EMV compliance validation services for October 2013 are NBS Technologies; Praxell; JCB International Credit Card Ltd.; Ceridian Stored Value Solutions; ArgosRisk; ACHWorks by T$$; Gemalto; ABnote North America; Capital One; and PNC Bank.
Over 500 global stakeholders in the PCI are set to attend the annual PCI Security Standards Council (SSC) European Community Meeting. Ground Labs, the leaders in cardholder data discovery software for PCI compliance, is supporting this year’s event in Nice, France and will participate in the Vendor Showcase. The PCI SSC Community Meetings provide an opportunity for SSC members to learn from each other’s experiences implementing the PCI Data Security Standards (PCI DSS) and in particular, provide feedback on the latest draft standard PCI DSS v3.0. Participants also have opportunities to make suggestions for improvements to the Standard and learn about best practices for protecting cardholder data as they interact with other industry stakeholders. The Vendor Showcase will present an opportunity for participants to interact with a broad variety of vendors servicing the payment card industry and learn about their important work in the field of cardholder data security.
NICE Actimize, a NICE Systems (NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, announced today the availability of the Actimizea Benchmark Monitoring Solution, a solution designed to assist in detecting and identifying rate-setting activities, processes and procedures within a single offering combining communications channel insight and incorporating alert, case management and reporting. The solution enables firms to have a better understanding of what is being discussed and traded within its trading floors from a single interface. Additionally, this provides internal compliance divisions the ability to respond rapidly to suspicious rate-rigging issues, thereby increasing chances at lowering potential regulatory risk by speeding resolutions.
NCR announced Pilot Flying J selected its complete NCR POS solution. Upgrading from a legacy transaction solution to a NCR software suite, the omni-commerce software platform streamlines deploying and managing in-store, mobile commerce and online storefront systems, ensuring consistent and personalized shopping experiences across all customer touchpoints. It is offering customer assisted check-out in their storefronts as well as mobile POS, allowing store associates greater mobility and an opportunity to assist and serve customers anywhere on the property. The combined network of more than 650 Pilot Travel Centers and Flying J Travel Plazas across North America serves more than 1.3 million customers daily.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial reported net income of $593 million or $1.20 per diluted share for the third quarter of 2013, as compared to $637 million or $1.24 per diluted share for the third quarter of 2012. The third quarter of 2013 included a $42 million reserve build while the third quarter of…
MasterCard and Worldline, Atos subsidiary for e- payment services, announced their partnership on the integration and deployment of MasterPass, the future of digital transactions. This collaboration, which covers all countries operated by Worldline – UK,France, Benelux, Germany, Spain, India and other Asian countries – , paves the way for the adoption of MasterPass by thousands of merchants. MasterPass, the digital platform from MasterCard, simplifies online purchases made from connected devices including PCs, touchpads and smartphones. MasterPass eliminates the need for consumers to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites that have the «Buy with MasterPass” button on their check out page. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information, address books and more.
Western Union renewed in France its long-term collaboration for money-transfer services with La Banque Postale, the banking subsidiary of La Poste group, the postal services’ operator in France. Serving more than 10 million active customers in France, La Banque Postale has one of the largest banking networks in the country, and is a key Agent for Western Union in France. Western Union and La Banque Postale have been working together since 1996, offering a variety of innovative products and services for money transfers, serving their customers’ financial needs to transfer money in a fast, convenient and reliable way.
Jack Henry & Associates for financial services organizations announced that its jhaCall Center system can be deployed through a variety of bank-defined outsourced services. jhaCall Center supports a variety of outsourced implementation options provided by U.S.-based call center associates who serve as seamless extensions of a bank’s staff. jhaCall Center Services – The jhaCall Center staff receives and resolves customer calls and inquiries during banks’ regular business hours. jhaCall Center Full Business Services Outsourced – This comprehensive service augments telephone support with jhaCall Center staff qualified to perform operational loan and/or deposit related tasks, ranging from new accounts, file maintenance, transaction processing, and exception handling.
Clear2Pay next generation payment solutions announced its M/Chip Advance Test Solution has been analysed and validated by Fime, a renowned EMVCo and MasterCard accredited test laboratory. The Test Suite enables card vendors to save time and money when developing and validating the newest generation of MasterCard payment cards. M/Chip Advance is MasterCard’s latest EMV-based payment platform for traditional debit, credit and prepaid cards facilitating the deployment of contactless applications and enabling applications such as transit and loyalty. Prior to rolling out M/Chip Advance cards, vendors require certification by a MasterCard accredited test laboratory to ensure that their cards are compliant to MasterCard’s M/Chip Advance specifications.
Credit Union ONE has selected the Fiserv DNA account processing platform from Fiserv to increase efficiency and implement its long-term growth strategy. Leaders at the $810 million asset credit union cited the DNA platform’s easy integration, highly configurable feature-set and innovative DNAcreator™ toolkit as key to its decision. Recognized by industry-leading analysts for its technology, user experience and breadth of functionality, DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, Credit Union ONE benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships.
CardConnect partnered OnDeck for the underserved market to offer immediate, pre-authorized and transparent funding to the 50,000 U.S. businesses using CardConnect to accept billions of dollars in transactions each year. With OnDeck’s technology platform integrated into CardConnect’s underwriting process, CardConnect merchants have immediate access to both payment processing and small business loans. CardConnect merchants can secure fixed amounts of capital — ranging from $5,000 to $250,000 — for what is typically 50 percent less expensive than a merchant cash advance.