NCR Corporation, the global leader in consumer transaction technologies, announced today that Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability. It is designed to be easily deployed and redeployed anywhere”indoors or outdoors”with minimal infrastructure requirements, providing maximum brand exposure, transaction volumes and revenue combined with a low cost of ownership. The SelfServ 28 ATM needs only a power outlet to operate and with a temperature range from -50 to +35 degrees centigrade does not require a structure to protect it from the weather.
Visa’s payment card volume in Central Europe, the Middle East and Africa has been slowing down in 2013, from nearly 37% year-on-year growth in Q4/2011 to a mere a 15% in the fourth quarter of this year. Poland and Hungary are holding their own while the Czech Republic is very sluggish. Pakistan’s economic performance is getting a boost by the decision of EU Parliament’s International Trade Committee’s to grant duty-free market access to its exports.
R.K. Hammer, in this 3rd of their annual series of year-end card industry reports, indicates that the card business saw a fee income decrease of $2.6 billion in 2013, compared to 2012; $79.9 billion vs. $82.5 billion a year earlier. New regulations and legislation continues to have an impact. Post-recession card fees have been fairly flat for the past five years, according to R.K. Hammer…
GlobalPlatform announced its Board of Directors for fiscal year 2014*, following annual elections for six of the eleven Board seats. Individual members to serve as Board Officers for a one-year term have also been confirmed, as well as the appointment of a new Mobile Task Force Chair. Marc Kekicheff – Senior Business Leader of Chip Innovation at Visa Inc. retains his position as Chairman. Uwe Wittig – Group Vice-President within the Mobile Security Business Unit at Giesecke & Devrient continues as GlobalPlatform Vice-Chairman; and Yves Moulart – Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Integrated Secure Solutions, is again confirmed as GlobalPlatform’s Secretary / Treasurer. First-year members to serve a two-year term include Yves Moulart, Simon Moore, Solutions Architect – ARM, Rémi de Fouchier, Vice-President, Marketing Communication – Gemalto, Arnaud du Chéné, Vice President, Head of Product Quality within Global Chip & Contactless Solutions – MasterCard Worldwide and Sebastian Hans, Senior Standardization Manager – Oracle. Additionally, Jon Geater, Chief Technology Officer at Trustonic was elected to serve a one-year term.
Credit card attrition has slowed by more than three percentage points over the past twelve months. Based on credit card data from Chase, annualized attrition dropped from 11.7% in the third quarter of 2012 to 8.6% in the third quarter of 2013. Over the past year Chase opened 5.6 million new credit card accounts, but its total account base grew by only 500,000 accounts. On a quarterly basis the Chase attrition rate is running at 2.3%, down significantly from 3.9% in the third quarter of 2012, according to calculations by CardData.
Intellicheck Mobilisa Obtains U.S. Patent for Enhanced ID Check Technology That Verifies Age and Displays Sample ID for Reference
Intellicheck Mobilisa wireless security systems obtained a U.S. patent for a technology that reads the information encoded on an ID card, authenticates and displays the bearer’s birthdate, and also displays a sample reference image of the ID just scanned to assist in the authentication process. This is Intellicheck Mobilisa’s 17th patent issued. The new patent builds on the Company’s existing ID Check technology that can instantly read, parse, compare and display encoded data from the barcodes on government-issued IDs. Intended to prevent the sale of age-restricted items to underage buyers, it provides the user with a readout that displays the age of the ID card bearer and verifies the card’s expiration date. A “license background graphic” shows the user a sample image of what the ID just scanned should look like. The technology currently includes sample images of driver licenses from every U.S. state and Canadian province.
North Shore Bank is the first financial institution in Wisconsin to serve customers with video teller ATMs, the bank and NCR Corporation just announced. This allows for extended service hours – a 30 percent increase over former banking hours – and a friendly and efficient customer experience. APTRA Interactive Teller was developed by NCR, the global leader in consumer transaction technologies, which lets people talk to a live remote teller and give the teller remote control over the machine to conduct transactions. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments.
Allied Wallet online credit card processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, has acquired one of the largest Chinese payment processors in Hong Kong, CloudAsia. Allied Wallet began its talks with CloudAsia in mid-2013 and took note of CloudAsia’s exemplary growth in Asia. CloudAsia quickly picked up e-commerce merchants all over Asia with a service that Allied Wallet considers very similar to their own in quality. Allied Wallet has acquired the fast-growing Chinese payment processor and believes this will stimulate their growth in Asia. Acquiring the Chinese payment processor will give Allied Wallet more access to consumers and local banks in all regions of Asia including Indonesia, Korea, Malaysia, and mainland China.
North Shore Bank is the first financial institution in Wisconsin to serve customers with video teller ATMs, the bank and NCR Corporation announced today. The technology, in place at North Shore Bank’s newest branch, allows for extended service hours – a 30 percent increase over former banking hours – and a friendly and efficient customer experience. APTRA Interactive Teller and it is the only ATM-based technology that not only lets people talk to a live remote teller, but also gives the teller remote control over the machine to conduct transactions.
Virtual Piggy safe youth payments technology, Oink, announced that it has teamed with WorldPay US to increase its strategic 2014 merchant acquisition plans within the teen market. The WorldPay payment processing platform is used for in-person credit and debit transactions, online and mobile payments. Oink’s relationship with WorldPay will bring the safe youth payments technology to the WorldPay merchant network and facilitate integrations into teen focused retail websites and shops. Oink is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.
The National Retail Federation today asked an appeals court to uphold a judge’s ruling that the Federal Reserve set its cap on debit card swipe fees far higher than intended by Congress and that the cap needs to be recalculated at a lower level. A three-judge panel of the U.S. Circuit Court of Appeals is scheduled to hold a hearing in Washington this morning on the Fed’s challenge of U.S. District Court Judge Richard Leon’s July ruling that the 21-cent cap that took effect in 2011 was too high. The ruling came in a lawsuit brought by NRF and other groups.
Wallaby announced its official certification by the Payment Card Industry (PCI) Security Standards Council, making Wallaby the first and only credit card optimization solution to receive PCI certification. The certification reflects Wallaby’s full compliance with PCI standards for the security of cardholder data. The report commended Wallaby for its effective implementation of information security policies and processes.