Fiserv Announces Latest Premier Platform User

Fiserv announced FirsTier Bank implemented its Premier bank platform along with a host of additional Fiserv solutions. The innovative navigation tools and efficient processing capabilities within the Premier bank platform were determining factors in FirsTier Bank’s selection of Fiserv. The bank expects the user-friendly, browser-based design of Teller Source Capture(TM) from Fiserv to save staff time, while shortening transaction times for customers. By simplifying workflows and business processes, FirsTier Bank anticipates it will be able to offer more convenient, value-added customer service. Known for its robust functionality and scalability, Premier is the bank platform for a wide range of financial institutions with diverse goals, customers, technology strategies and operating environments. Open integration to an extensive set of best-in-class Fiserv solutions and flexible deployment options make this a versatile solution.

Diebold and FIS Partner, Launch ATM cash Recycling

Diebold and Suncoast Credit Union, supported by FIS, will enable full cash recycling at the ATM with Diebold’s Opteva® Flex Performance Series ATMs. This will allow the ATMs to reuse consumer-deposited cash for future withdrawals, enhancing ATM availability and reducing the frequency and cost of cash replenishment visits. FIS, the world’s largest banking and payments technology provider, is designing and implementing the back-end processing required to facilitate full cash recycling. Diebold’s Opteva Flex Performance Series ATMs have a recycling capacity of up to 10,800 notes and accept deposits of up to 13,100 notes in a five-cassette configuration.

AccessPay Partners Global Reach

AccessPay announced a strategic partnership with Global Reach Partners tol help international businesses face the difficulties of cross-border fx payments by unifying their payments processes under one innovative payment solution. Companies who import, export or do business overseas can now harness the combined power of both AccessPay and Global Reach Partners to access a single, unified global payments system; they will no longer have to use different processes to make Bacs, SEPA and cross-border payments, all of which can be expensive and time-consuming.

Fime RF Testing NFC Forum-Approved

Fime transaction provider announced its radio frequency (RF) test bench has been officially approved by the NFC Forum, a global association that advances the use of near field communication (NFC) technology. The tool validation process and approval brings official recognition that the FIME RF test bench meets the requirements defined in the NFC Forum specifications, making the tool eligible for testing devices for conformance to the functional requirements outlined by the NFC Forum.The FIME RF test bench evaluates the analog compliance of smart devices, such as mobile handsets and tablets, ensuring product compliance to the NFC Forum Analog Technical Specification. Successful product evaluation through compliance testing and NFC Forum certification allows a device manufacturer to use and display the NFC Forum Certification Mark. It is now available to mobile handset and device manufacturers at FIME’s network of global laboratories, spanning America, Asia and Europe.

Credit Card APRs Creep above 15% Mark

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are down .1% from the February figure to 15.01% after averaging a meager .04% change over the past year. This reignites the momentum to the ebbing 2014 APR credit card averages and is first time APRs have dropped the entire year. This also follows a relatively lengthy…

Wirecard adds HCE support to mobile wallet platform

Wirecard AG has now integrated host card emulation (HCE) into its Mobile Wallet Platform to better allow telecommunications companies, financial service providers, banks and retailers deploy mpayment NFC solutions. HCE makes it possible to carry out secure, NFC-based transactions for payments and services via mobile apps, regardless of whether a physical secure element (SE) is available on the mobile phone. All data generated during a transaction is therefore no longer stored on a hardware component, but instead on a secure centralised server. NFC host card emulation technology is already standard in Android devices starting Version 4.4. Wirecard emulates a one-off token per transaction, which is used in the EMV transaction, replacing the original card data, which is saved in a PCI-compliant database in a secure server environment.

ebpSource to Market Encap mAuthentication

ebpSource is pleased to announce an agreement with mobile authentication specialists, Encap Security, to market its Smarter Authentication solutions globally. The agreement means ebpSource will offer Encap’s products to new and existing clients in the banking, telecoms, payment processor and service bureau sectors. Smarter Authentication™ is a new approach to online and mobile banking and payment authentication that uses software-based, banking-grade technology to deliver an exceptional customer experience without compromising security. Encap Security’s Smarter Authentication™ is a superior solution to existing hardware and software-based authentication offerings that are both costly and cumbersome for service providers. Smarter Authentication™ allows organisations to deliver innovative services that have been proven to not only reduce risk but also boost online and mobile adoption and transaction rates. Once a user’s device is paired, the user will be asked to identify themselves using a PIN. The device becomes “something you have” and the PIN is “something you know” allowing multi-factor authentication to be delivered with a one-factor user experience. For non-smart mobile devices there is also an SMS alternative. Through the partnership with ebpSource, the Encap-enabled app will be integrated server-side to enterprise systems, online services, identity management, transaction databases and payment processes.

Worldline Implements Pay.On Gateway

PAY.ON omnichannel payment infrastructure systems, and Worldline, Atos subsidiary for e-payment services, announce a premium strategic partnership to enlarge Worldline’s international e-payment acceptance coverage. Worldline now strengthens its worldwide positioning to better support its customers when operating cross-border and entering new markets and countries. With Atos Worldline, PAY.ON gains another partner, delivering its clients a further connection to the French market. The integration into the PAY.ON Payment Gateway facilitates Worldline the immediate access into a high-performance payment gateway, the processing of transactions in more than 100 countries, and access to more than 350 payment providers and 150 payment brands over a single API. With this enriched geographical coverage, Worldline will be able to even better satisfy the growing needs of its customers, currently spread in 17 countries, and leverage their business globally: Worldline clients can now easily connect to a wide range of foreign acquirers and payment methods for processing of local payment transactions worldwide.

MasterCard Agrees to Invest in Monitise

MasterCard today announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. The combination of MasterCard and Monitise’s complementary expertise in developing mobile platforms for commerce and banking is anticipated to result in additional innovative and secure solutions.

European ISPs Support for Visa V.me

VIisa Europe announced new partnerships with fifteen European Internet Payment Service Providers (IPSPs), giving the V.me by Visa digital wallet service access to their extensive e-commerce merchant portfolios, and supporting the continued growth and availability of the multi-market wallet service. The agreements increase the reach of V.me by Visa and as a result, Visa expects many more retailers to have access to V.me and be capable of processing transactions by the end of 2014. The partnerships include First Data, Pensio, Capita Software Services, The Logic Group, Sage Pay, CreditCall, FIS, Verifone, eCard, Dotpay, Worldline, Atos subsidiary in e-payment services, Payline by Monext, Payzen by Lyra Network, Paybox (Point VeriFone) and Be2Bill (Rentabiliweb).

Square targets Latino market with Spanish language kit

Square launched a complete point of sale and suite of business tools in Spanish for the growing number of Latino sellers across the United States. Square’s signature Register, dashboard of reports and sophisticated analytics, online Market, and mobile products give businesses powerful and affordable tools to start, run, and grow. The complete suite of products are now available in Spanish for Latino sellers across the United States.Square’s free card reader and free software enable anyone to safely and securely accept credit cards and run a business from an iPhone, iPad or Android device. Funds from swiped payments are available the next business day, eliminating the wait for cash flow.

E-Complish unveils SMS payment tech

E-Complish has released a new payment system called E-Complish Text2Pay, a mobile text-based service that allows you to accept a wide variety of payment types through SMS Text Messaging Technology. Featuring a SMS platform powered by Telescope.tv, the trusted company behind text voting for American Idol, The Voice, The X-Factor, the NBA and more. E-Complish Text2Pay is designed to guarantee text message delivery, to be compliant with the FCC and Mobile Marketing Association’s Best Practices, and provides easy integration with all E-Complish solutions using their all-in-one online payment system, VirtualPay. This new service has been designed from the ground up to enhance E-Complish’s already diverse payment solutions. Customers will be notified via text messaging of their upcoming bill. Upon entering their preselected PIN, the customer can elect to safely pay their bill through E-Complish Text2Pay, any time of the day, using their securely stored payment information.