Ingo Money Names Former Visa, Amex Exec

Ingo Money announced the addition of Lisa McFarland as executive vice president and chief marketing officer. In this role, she will lead product strategy and marketing for the company’s Ingo Money Network and Ingo Enterprise Solutions business lines. McFarland brings nearly two decades of expertise in product development, marketing and strategic sales support for B2B and B2C payment card programs. Most recently at Visa, McFarland served as head of Consumer Prepaid Products, where she conceived and executed the company’s product, channel and network development strategies for its consumer prepaid group.

IHS Names New VP, Investor Relations

IHS announced Eric J. Boyer joined the company as Vice President of Investor Relations. Boyer comes to IHS from Wells Fargo Securities in Baltimore, MD, where he most recently served as vice president and senior equity analyst within their Equity Research Division responsible for the information and business services sector, which includes IHS. His decade-plus experience has also involved work within the Equity Research Division of Deutsche Bank and as a management consultant with PricewaterhouseCoopers.

BPC’s SmartATM Solution

BPC Banking Technologies today announced the launch of a new, innovative solution designed to improve the profitability of ATM networks in the U.S. marketplace. With its new cash management and forecasting solution, deployed as part of the Company’s SmartATM offering, operators can dramatically reduce ATM network costs. SmartATM provides all the capabilities needed to monitor, automate and manage ATM networks of all sizes, including ATM driving, marketing tools, EMV migration and complete support for a sophisticated set of products and services. With SmartATM, clients have achieved savings of $2,000 per ATM annually which translates into $2 million in savings each year for an ATM network of 1,000 machines.

Collis Brand Tool Visa Confirmed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UL is pleased to announce that the Collis Brand Test Tool is confirmed by Visa to simulate the newest test cards included in the Contactless Device Evaluation Toolkit (CDET). The newest Visa CDET test cards (version 2.1) are now simulated by the Collis Brand Test Tool (version 4.6.2). Also the associated…

FreedomPay Announces Senior VP, Strategic Partnerships

FreedomPay announced the addition of payments industry veteran Brian Voigt to its executive team as Senior Vice President of Strategic Partnerships. Bringing nearly 25 years of payments industry experience, Voigt has proven success in building relationships and product innovation that bring key partners and customers to the table. He will be responsible for engaging, recruiting and establishing product-complementary and revenue-generating relationships with global partners engaged in the commerce ecosystem. Voigt joins FreedomPay after serving 18 years in strategic executive roles at Bank of America Merchant Services (BAMS), with a focus on defining mobile Point of Sale (“POS”) and mobile commerce strategies. He has also held executive positions with First Data and Chase Paymentech.

Genesis Financial Deploys ACI Worldwide Bill Payment

ACI Worldwide announced Genesis Financial Solutions implemented its Bill Payment Solution electronic bill payment system for customer loan payments. Genesis Financial Solutions, a leading U.S. consumer finance company, was using multiple legacy systems across different lines of business and funding sources. As its business grew, the complexity of managing multiple systems increased. The company needed a more efficient and integrated way to manage its bill payment processing across multiple payment channels. Genesis Financial Solutions selected ACI’s Bill Payment Engine to power its mobile, web, IVR (interactive voice response), call center and eLockbox (consolidated remittances) payment options.

OTI Expands EasyFuel System to Consumer Market

OTI cashless payment solutions announced its PetroSmart, its wholly owned subsidiary and a global Value Added Reseller (VAR) of petroleum equipment, has introduced an innovative new smart vehicle ‘Moon Tag’ that expands the use of its ‘EasyFuel Plus’ system to the consumer market. OTI’s petroleum payment solutions have already been deployed in 43 countries, more than 1,600 gas stations and over 100,000 commercial vehicles. EasyFuel Plus provides Automated Vehicle Identification (AVI) services with its contactless smart read-write tag mounted around the fuel inlet of the vehicle. When a fuel nozzle fitted with the OTI contactless reader is inserted into the vehicle’s fuel inlet, contactless communication is established automatically. Once the vehicle’s payment card details are verified, fuel can be dispensed. The ‘EasyFuel Plus’ system served commercial fleet owners by automating the fuel payment process, saving time and preventing fraud. This next evolution of the system expands into the private sector so consumers can settle payment automatically without swiping their credit card or paying in a convenience store. Additionally, loyalty points can be awarded automatically per each refueling. The Moon tag also incorporates a mechanism to tune the reading range between the RF nozzle unit (RFN) and the tag to ensure that fuel can be dispensed only to the specific vehicle’s fuel tank and to avoid any option for a fraudulent ‘side fueling.’

Visa Integrates SAP Streamline B2B Payments

Visa plans to provide companies a simplified way to pay by Visa through their Visa Commercial issuer using the SAP Financial Services Network. The new payment solution is expected to help corporations more easily automate and process their invoice payments without the need for significant investment in custom software, and is planned to be available summer 2014. The new solution is expected to help corporations who want to move toward electronic business-to-business payments. This new offering will be designed to allow corporate clients of participating Visa Commercial issuers to route payment instructions to Visa via the SAP Financial Services Network. For more information on Visa Commercial Solutions, visit visa.com/commercial.

Payzur Launches Business Payout Solutiion

Payzur, Acculynk’s real time P2P platform, is now offering businesses the ability to transfer payments directly to an individual’s or small business’ debit card instantly. Payzur’s direct-to-debit payment platform aids businesses, such as online marketplaces, that regularly make payments to individuals or small businesses by offering a frictionless “payout” process that doesn’t require account verification, enrollment with a third party or parking the funds in a third-party account. The funds are transferred and available in near real time. Both debit and prepaid cards can be used with the service which speeds payments to individuals or small businesses, eliminating the typical two to three day delay.

Guaranty Bank moves to FIS core

Guaranty Bank selected FIS banking and payments technology to deploy an integrated suite of solutions, including core banking, and the full digital suite of FIS online, mobile and tablet solutions. Innovation was one of the key reasons Guaranty Bank chose FIS for this multi-year agreement, which replaces a decades-long relationship with another provider. FIS will deploy a new core platform for the bank and streamline many of Guaranty Bank’s processes by integrating the bank’s third-party systems, resulting in improved operational efficiency and cost effectiveness. Greater servicing efficiency will give the bank the ability to focus on creating a sales culture that aligns with current and future market trends.

BNY Mellon Appoints Banking Transaction Head

BNY Mellon appointed John Gannon head of business development for Banking Transaction Services (BTS). He will focus on growing BTS in North America and expanding its scope to support clients on a global basis. BTS is a comprehensive suite of payment outsourcing services that enable brokerage firms and other providers of wealth and asset management services to offer banking solutions, including debit cards, bill-pay, rewards programs, and other value added solutions. Gannon joined BNY Mellon in 1998, serving since then in a series of increasingly responsible management positions in operations, product management and sales & relationship management.