Giesecke & Devrient secure payment products and solutions developed and deployed an EMV solution that allows a debit card to meet Durbin Amendment requirements while supporting bank, merchant and consumer needs. As an active member of the Smart Card Alliance’s EMV Migration Forum (EMF), G&D was an integral force in these discussions. Following the EMF’s recommended solution and leveraging decades of experience in developing highly secure payment products, G&D’s EMV debit card products and services offer the most advanced payment deployment, providing extensive functionality to support all of the latest specifications from the major payment brands. A chip embedded in a card serves to provide a higher level of security when compared to present-day magnetic stripe only cards, protecting cardholder data and information stored on the chip. Unlike static magnetic stripe cards, chip cards contain an operating system and support dynamic authentication. Every transaction requires new values produced by the chip to be delivered. Utilizing chip card technology will be seamless to the customer, though they will now be able to execute EMV transactions using a debit card.
FIS banking and payments technology, consulting and outsourcing solutions, continues to provide companies innovative and robust solutions to mitigate risks across their organizations. In response to increasing regulatory demands to enhance enterprise risk management and regulatory compliance, FIS offers Early Risk Manager to financial institutions. Early Risk Manager is a turnkey, secure, cloud-based, next generation solution specifically tailored for financial institutions with a risk dashboard, pre-populated library of risks, risk scenarios, controls, risk assessment templates, metrics, key risk indicators (KRIs), key performance indicators (KPIs), issue management tools, compliance monitoring and testing, third party risk management and more.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 288,000 units in April for a substantial .4% drop in the unemployment rate from March, which now sits at an impressive 6.3%. This was led by employment in construction, manufacturing, wholesale trade, and mining fields. The number of unemployed persons sits at 9.8 million, down 733,000 and…
At the end of the first quarter 2014 (Q1/2014) American Express (AmEx) net income increased 7.5% year-on-year (Y/Y) and 7.4% quarter to quarter (Q/Q), driven mainly by continued strong growth in the Global Network & Merchant Services (GNS).
Chase Sapphire Preferred, in partnership with Bon Appétit hosted the second annual Chase Sapphire Preferred GrillChallenge, Thursday, May 8, during the eighth annual Vegas Uncork’d by Bon Appétit. The winning student, Brooke, received a $20,000 scholarship, and the runner-up, Kelly, was awarded $5,000 to fund their culinary educations, courtesy of Chase Sapphire Preferred. As a presenting sponsor of Vegas Uncork’d by Bon Appétit, Chase Sapphire Preferred offered cardholders the ability to redeem credit card rewards points or purchase tickets to select Vegas Uncork’d events – and enjoy exclusive perks, such as a VIP lounge at the Grand Tasting featuring bites from Nobu Matsuhisa, a private brunch featuring cuisine prepared by executive chef Julian Serrano of Picasso at Bellagio and exclusive meet-and-greets with chef François Payard.
American Express announced the winners of the Epic Everyday Getaway contest. More than 7,000 Americans submitted snapshots and selfies along with a short story describing their favorite #EveryDayMoments. Photo submissions captured Americans’ favorite VIPs (their kids, loved ones and friends) in fun, silly, memorable and inspirational everyday moments. Each winner and a guest will get their own “Very Important Person” treatment when they head to NYC June 18-21, 2014 for a three-day experience. The Card, designed for multi-taskers juggling family, work and personal lives, rewards Card Members for how often they shop” not just how much they spend. Use the Card 20 or more times on purchases in a billing period and earn 20% extra Membership Rewards ® points on all those purchases less returns and credits.
Virtual Piggy, Inc., provider of Oink, the award-winning payment technology for families and teens, today announced that it has partnered with commerce solutions provider Gorilla Group. Oink is the only payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. This innovative technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – all within parental controls.
eGlobal has acquired the assets of The Best There Is Inc. (T.B.T.I.). T.B.T.I. provides ATM services to a number of large hospitality properties around the country. This transaction was signed and closed on May 5, 2014. eGlobal delivers specialized ATM solutions to merchants, distributor partners and financial institutions, enabling and enhancing services they provide to their customers. eGlobal consults with hospitality clients on optimal ATM placement for every location, depending on property type, seasonality and traffic-flow patterns.
ACI Worldwide electronic payment and banking systems’ conferences are preeminent customer events with senior IT and business leaders from leading financial services, processors and retail organizations. This year’s EMEA event, May 13-16 in Lisbon, Portugal, brings together many of the region’s industry thought leaders to hear more about the Disruption Opportunity”how financial experts, retailers, and technology leaders are navigating a disrupted payments landscape, preparing for the future and prospering. Additional sessions will focus on all aspects of the payments industry, including wholesale payments, online banking, merchant acquiring and card issuing, as well as ATM driving, payments fraud, retailer payment processing and mobile. ACI extends thanks to this year’s EMEA sponsors, including: HP, IBM, Integrated Research, Phoenix Interactive, Stratus Technologies, Thales e-Security, XYPRO Technology, Bell ID, Futurex, Polar Moment and Spectrum.
NCR Corporation announced NCR Silver iPad POS system for small business has been integrated with Retail Intel, a cloud-based service that automatically pulls sales data directly from the NCR Silver platform to QuickBooks®. By eliminating the need for time-consuming daily journal entries, the integration will save businesses countless hours on manual tasks and significantly improve operational efficiency and accuracy. It helps Shift Management and Cash Reconciliation, Time Clock management and offers Multiple Tax Options.
Heartland Payment announced that its Board of Directors has authorized a new $75 million share repurchase program. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. The new authorization is a result of the completion of an existing program, which went into effect effective on November 6, 2012, under which the company repurchased 1,667,983 shares of its common stock at an average price of $29.98 per share.
Citi cardholders can use ThankYou® Points for their bill payments. Citi ThankYou® Rewards members can earn ThankYou Points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity. Citi ThankYou Rewards members can use their ThankYou Points – and their ThankYou enrolled consumer checking account – to pay bills online.