UK-based Misys has teamed with FircoSoft, a bank watch list filtering solutions provider. More than 200 banks rely on Misys FusionBanking Trade Innovation to manage their trade finance operations.
TransCentra billing and payment software enhanced its remote deposit capture (RDC) offering with additional security features and created a single platform solution for clients using both RDC and remote lockbox services. This includes enhanced anti-money laundering (AML) features, check-type identification, and more comprehensively distinguishes among money orders, cashier’s checks, personal checks and business checks.
WI-based Fiserv has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate Reconciliation solution for transaction matching, reconciliation and exception management.
FIS has once again received the No. 1 position on the IDC Financial Insights 2014 FinTech Rankings Top 100. This is the fourth year in a row FIS has topped the list.
First Data and eWAY eCommerce announced a partnership to expand into Asia’s rapidly growing eCommerce markets. This alliance establishes First Data Merchant Solutions (FDMS), First Data’s direct-to-market merchant acquiring business, as a trusted payments provider to eWAY’s merchant network.
CardWeb.com’s CardData financial database projects Capital One’s (COF) after-tax profits will likely remain flat in the third quarter. COF reported a 5% year-on-year (Y/Y) decline in second quarter (Q2/14) after-tax U.S. bank credit card profits to $607 million. The decline was primarily driven by a 14% Y/Y decline in net interest income.
The average out-of-network ATM fee has climbed to an eight year high, jumping 23% over the past five years. The average cost of going outside the network is now $4.35 per transaction.
Along with street vending, food trucks are one of the fastest-growing segments in the hospitality industry. According to the National League of Cities, food truck revenue is expected to increase 76% over the next five years.
NC-based Paragon Application Systems, an independent, global ePayment testing solution provider, concludes that card payment channels are being left behind by other banking channels as they struggle to deliver business change using 20th Century application life cycles.
Glen W. Herrick is the Executive Vice President and Chief Financial Officer of Meta Financial Group and MetaBank. Meta Financial Group is the holding company for MetaBank.
The creators of the Wocket smart payment wallet are now workingon an additional software feature called WocketPass. NXT-ID’s WocketPass keeps all of passwords in your pocket and locked within your Wocket, rather than managed by a third-party on a shared cloud.
Misys has launched Misys FusionBanking Corporate FrontOffice integrated with enterprise pricing and credit lifecycle management. The latest packaged solution in the FusionBanking portfolio for corporate banking delivers a single view across the corporate client business.