Diebold will upgrade First Federal Bank of Louisiana’s Opteva automated teller machines (ATMs) to run on the Windows 7 operating system. The upgrade, along with Diebold’s installation of Agilis 3 software and new Encrypting PIN Pads (EPPs) on the bank’s ATMs, will help the bank comply with the latest PCI PTS version 3.1 security requirements. The bank is migrating all of its ATMs to Windows 7 to comply with PCI requirements for maintaining up-to-date security patches and avoid the need for additional compensating controls or custom XP support. First Federal Bank of Louisiana’s fleet includes 22 Diebold ATMs, most of which feature deposit automation technology for envelope-free check deposits. Diebold will replace two outdated terminals with new Opteva ATMs and update operating systems, software and hardware on the other terminals.
ACI Worldwide announced strengthened support for UnionPay with the ACI Interchange. This opens up new markets for financial institutions and processors by enabling support for UnionPay transactions while extending infrastructure options to include IBM System p AIX. UnionPay has issued more than 3.5 billion cards worldwide and it is projected to continue its significant growth. UnionPay cards are accepted in more than 140 countries and its growth presents a significant opportunity for financial institutions and processors facing revenue pressures or wanting to extend their commercial offerings with a growing brand. ACI Interchange already supports incoming and outgoing clearing and settlement processes for transactions underpinned by EMV and magnetic stripe payment cards for the major international schemes; this has now been extended to include UnionPay.
Planet Payment, Inc., announced the appointment of Carl J. Williams as Chief Executive Officer, effective February 19, 2014. Carl Williams, a member of the Board of Directors and the Company’s President since November of 2013, has been asked by the Board to also serve as CEO. Williams succeeds Philip Beck, who will continue as Chairman of the Board.
Heartland Campus Solutions ECSI, a division of Heartland Payment Systems and a leading provider of solutions for over 2,000 colleges and universities, commented today on the February 2014 U.S. Government Accountability Office (“GAO”) report: “COLLEGE DEBIT CARDS: Actions Needed to Address ATM Access, Student Choice, and Transparency.” College debit and prepaid cards allow students to receive tuition refunds from federal student aid and other payments on a card. According to the GAO Report, while college cards can be convenient for students and offer cost savings and efficiencies for schools, concerns exist when it comes to fees, ATM access and neutrality. Among other findings, the GAO reports that some college debit and prepaid card providers charge fees for debit card usage, make it difficult for students to transfer funds to their own bank account, and that some schools receive payments from card providers based on the number of card accounts opened, leading to a call for increased transparency.
American Express Company announces two key appointments in its global Technology organization: Brian Saluzzo, as Senior Vice President, Global Infrastructure; and Nik Sathe, as Senior Vice President and Chief Technology Officer (CTO), both reporting to Marc D. Gordon, Executive Vice President and Chief Information Officer. The appointments were effective in late 2013. In his new role as global head of technology infrastructure, Mr. Saluzzo oversees end-to-end product management, operational support, and infrastructure risk management, including data center, cloud, and end user technologies. He has oversight for vendor management supporting infrastructure, as well as joint oversight of the company’s IT-related supplier sourcing. He is a member of the Technology Executive Team and serves on the company’s Global Management Team. Mr. Saluzzo most recently served at Goldman Sachs as Managing Director and Global Co-Head of Technology Infrastructure, leading data strategies for the firm, including big data, storage tiering, infrastructure risk management, mobile/bring-your-own-device and workplace infrastructure design. He began his career at NCR Corporation (then a division of AT&T). He holds dual degrees in computer science and mathematics from the State University of New York’s College at Geneseo, where he remains active on the board of the Geneseo Foundation.
Evolution1 presence at the ABA National Conference for Community Bankers demonstrates the company’s continued leadership in the banking industry. Brantner will share how banks can drive new sources of income – while reaping the benefits of a new fee-based income revenue stream – through a diversified and expanded product and service offering that includes healthcare payment and healthcare account solutions. Attendees will learn how to add value to their commercial clients through a complete and convenient solution for offering consumer-driven healthcare accounts for their employees. Evolution1 serves financial institutions, third-party administrators, health plans, and software providers across the country, providing healthcare and other reimbursement account services to more than 90,000 employers and more than 10,000,000 consumers.
ID TECH is proud to announce the release of their PCI 3.x certified modular PIN entry device, the SmartPIN B100. The SmartPIN B100 is designed for outdoor unattended POS operations such as at ATMs, fuel dispensers, kiosks, vending machines, and other POS systems that accept credit and debit payments. With its robust, waterproof, and vandal preventive structure, merchants and consumers can be confident that SmartPIN B100’s tamper resistant architecture will protect any financial data from being compromised.
Enacomm, Inc. announced the hire of seasoned marketing expert David Anderson, who will serve as Vice President and Chief Marketing Officer. Anderson will fuel Enacomm’s continued, industry-leading innovation in the financial and prepaid industries, driving the creation and launch of new products and intelligent analytics that give companies a proactive advantage in exceeding customer expectations. David also worked with a host of financial institutions, ranging from community and mid-sized banks to national banks, investment houses and card companies. Anderson joins Enacomm’s team of subject-matter experts that has been focused on the financial industry for more than two decades and the prepaid space since 2005.
Powered Card Solutions, LLC (PCS) today announced the availability of its embedded technology for use in secure debit and credit cards. This technology embeds electronics, a SolicoreTM thin-film battery and a display within a credit or debit card to generate unique rolling passcodes that can prevent high-profile card security breaches recently experienced at Target, Marriott, Neiman Marcus, Michaels, as well as Hilton, Sheraton and Westin. By capturing static card holder data, a fraudster can create a duplicate card or authorize a fraudulent transaction. PCS’s solution protects consumers from fraud by generating a rolling security code. The embedded display in the credit or debit card shows a unique number for verification of each and every transaction. As a result a defrauder can have the card number and key personal information, but they will not know the ever-changing security code required to authenticate a transaction. This solution combined with the highly secure chip technology, creates a powerful combination that can eliminate consumer’s fear of using their credit card and/or debit card online, over the phone or at point of sale.
U.S. bank credit card networks racked up $2.47 trillion in gross dollar volume (GDV) last year, an 7.7% gain over the prior year. This is the third consecutive annual decline in growth rates for U.S. credit card GDV, after gaining nearly 15% in 2011 and slightly more than 11% in 2012. Over the past five years, Visa, MasterCard, and Discover have lost market share based on credit card GDV, During this period American Express claimed a sizable gain, rising from a 19.0% market share in 2009 to 25.8% market share for 2013, largely fueled by charge cards.
Visa today announced it is offering clients new options to securely deploy mobile payment programs, including for the first time an option to host Visa payWave-enabled accounts in a secure, virtual cloud. The move expands Visa’s support for mobile payments globally and will give financial institutions greater choice in offering consumers secure ways to pay with smartphones. Visa’s support for cloud-based payments follows the introduction of a new feature in the Android mobile operating system called Host Card Emulation (HCE); HCE allows any NFC application on an Android device to emulate a smart card, letting users wave-to-pay with their smartphones, while permitting financial institutions to host payment accounts in a secure, virtual cloud.
Capital One Financial Corporation and clearXchange announced that Capital One, N. A. has joined the clearXchange network as an owner, becoming the fourth owner alongside Bank of America, JPMorgan Chase, and Wells Fargo and fifth bank customer of the clearXchange network. clearXchange is the first network in the U.S. created by and for financial institutions that lets customers send person-to-person payments easily and securely with only an email address or phone number. As a member of the network, Capital One will expand its capabilities to provide customers the ability to pay anyone with a U.S. bank account without requiring sensitive account information.