First Data Releases March 2014 SpendTrend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its SpendTrend for March 2014, compared to the year ago period. Tracking same store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data, the analysis shows dollar volume growth was 2.1%. This…

Heartland Acquires MCS Software

Heartland Payment Systems has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide. The acquisition of Madisonville, Louisiana-based MCS Software marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.

Discover Wins EIFLE Award for Corporate Leadership

Discover Financial Services received an Excellence in Financial Literacy Education (EIFLE) Award from the Institute for Financial Literacy. It was specifically awarded in the “Organization of the Year, Corporate Leadership” category for its financial education program, Pathway to Financial Success. The EIFLE Awards acknowledge the innovation, dedication and commitment of individuals and organizations that advance financial literacy education. Discover’s Pathway to Financial Success program is a five-year, $10 million investment to bring financial education curriculum into public high schools across the country.

FIS Releases GenNOW

FIS today announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS GenNOW™ Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. GenNOW customers can easily track their spending and manage their finances on the go.

USA Technologies Redefines One-Stop Cashless Payment Services for Self-Serve Retail at 2014 NAMA OneShow

USA Technologies ntends to redefine one-stop cashless payment services by showcasing a myriad of products and services at the 2014 NAMA OneShow. Here USA Tech will demonstrate self-serve retail, including the growing web of interlinked products, services and consultative support marketed under the ePort Connect® platform. The Company will also cover Micro-market Services: USAT is making it easier to optimize cashless in today’s complex food and refreshment service businesses by linking ePort Connect to a growing list of supported micro-market providers such as Revive Self Checkout and Breakroom Provisions. In addition, ePort Connect has recently been upgraded to give consumers the opportunity to replenish their MORE. account with either cash or credit at either of these supported micro-market kiosks.

eCard Transactions Partners With Bluefin’s PayConex

eCard Transactions and Bluefin Payment Systems, have announced a partnership to bring Bluefin’s PayConex P2PE™ solution to eCard Transactions clients. eCard Transactions provides intelligent software, payment solutions and sweep technology to recover returned checks, EFTs and declined credit cards for customers while averaging collection rates as high as 77%. The company specializes in payment solutions and recovery services for the health, fitness and non-profit industries, and serves 3,000 YMCA headquarters, branches and childcare centers across the United States.

Bluetooth, 3G and Wi-Fi communications Facilitate Verifone POS

VX690VeriFone Systems unveiled its VX 690 EMV-capable payment terminal features Bluetooth, 3G radio and Wi-Fi connectivity for fast transactions and flexible payment capabilities. The terminal’s size, design and multiple connection capabilities meets merchants’ mPOS demands where 3G connectivity is increasingly required for payment device acceptance. The VX 690’s Bluetooth, 3G radio and Wi-Fi combination provides fast, wireless payment convenience as well as fewer dropped transactions in virtually every type of merchant environment. Dual SIM functionality enables the terminal to quickly connect to different networks to keep transactions moving, while built-in GPS allows merchants to track the location of every transaction, providing greater visibility into operations and inventory across multiple stores.

Sequent Software Receives Approval From VISA

Sequent Software has received approval from Visa, Inc. for its Trusted Services Manager (TSM) systems. The Sequent platform is commercially available today for banks and mobile phone operators launching new digital issuance and mobile wallet services worldwide. Sequent’s Digital Issuance (SP-TSM) service securely manages and distributes payment credentials to mobile-device users worldwide on behalf of banks, mobile operators, merchants, transit and service providers. The service handles all pre- and post-issuance configuration of handsets, including personalization of NFC secure elements and provisioning of applications “over the air.”

JetPay Payment Services Hires New CIO

JetPay has hired Nancy Ann Barnhart as Chief Information Officer, bringing with her more than 20 years experience in the payments industry. Most recently at American Express, Barnhart began her payments industry career at Gensar Technologies, later known as Chase Paymentech, where, over a ten year span, she became a Senior Director, first of their data center then in the Advanced Product Group, which she redesigned to focus on the needs of value-added resellers. She next founded her own Independent Sales Organization – Integrated Card Systems – where she obtained funding to buy a major merchant portfolio. Eventually, this business was turned over to a business partner. Ms. Barnhart then turned her talents to a Senior Director position at Heartland Payments Systems, where she performed product management for card associations and proprietary gateways. Ms. Barnhart joined American Express in 2011 as Senior Manager of Strategy and Business Development for fee-based products, where she managed business development efforts for FX International Payments, Merchant Financing and other fee-based revenue programs. M

Fiserv Launches Enhanced Electronic Payments Fraud Prevention and Sanctions Screening Solutions

Fiserv announced new real-time electronic payments monitoring capabilities to prevent fraud. The solutions protect clients from the ever increasing threat of payments fraud, covering both international and domestic payments for Automated Clearinghouse (ACH) and wire (Fed and SWIFT), and complement the enhanced SWIFT Sanctions Screening capabilities now available on the Financial Crime Risk Management Platform (FCRM) from Fiserv. ACH Fraud Prevention from Fiserv takes an integrated, cross-channel view of customers and their behavior. Detection and interdiction scenarios evaluate ACH files, batches and transactions, looking for unusual patterns of behavior and other variables that indicate fraud risk. The system continuously builds intelligence for each customer, account and other entities relevant to the ACH process to support accurate detection on anomalies. Non-transactional data including session data can also be incorporated into real-time strategies based on the level of risk presented by account activity or a specific transaction. The detection capabilities can be seamlessly integrated with an organization’s compliance activities such as collecting notes and evidence, tracking financials and preparing regulatory reporting.

Exatouch Retail POS now EVO Snap Certified

XTT LLC announced its Exatouch® Retail POS software is now certified to the EVO Snap*™ payment services platform. Exatouch products are full-featured point-of-sale (POS) systems employing in-store *and* Cloud retail technology. Available through merchant services ISO partners, Exatouch integrates payment processing directly through EVO® Payments International’s Snap* and other platforms with no payment gateway required. Unlike Cloud-based iPad® and “app” POS products that are not PCI PA-DSS Validated, and therefore not PCI compliant, Exatouch is on the PA-DSS list.

Western Union Goes to the Movies with Major RIO 2 Film Partnership

The Western Union Company announced a film partnership deal with 20th Century Fox for its animated feature RIO 2. Western Union saw the partnership with RIO 2 which has a roster of beloved characters, a stellar cast, a rich and vibrant soundtrack, and is a sequel to the original smash hit film, as an opportunity to create a unique partnership between two iconic brands centering on a common theme in a fresh and creative venue. The partnership expands consumer reach for both companies with a collaborative global marketing campaign. The collaborative global marketing campaign with 20th Century Fox includes TV advertising, print, point of sale, online, out-of-home, and social media, with a consumer scratch and win game in the US.