Fundtech Announces ACH Alert Solution

FundtechACH Alert and Fundtech announce a partnership to make available ACH Alert’s suite of innovative, patented fraud mitigation solutions via Fundtech products. ACH Alert’s suite of fraud mitigation solutions enhance Fundtech’s offerings with industry-leading capabilities that allow financial institutions to mitigate incoming ACH fraud and outgoing ACH and wire fraud for their customers. By providing these solutions, Fundtech enables financial institutions to comply with FFIEC guidance calling for layered security, with different controls at various points in a transaction process. Further, financial institutions are able to monetize these services, by selling to their customers and members. These impact Fundtech solution users of CASHplus; PAYplus USA and PAYplus Connect/GFX; ACHplus; and OrigiNET.

Toshiba POS Solutions Announces Latest Expansion

Toshiba Global Commerce Solutions announced HUGO BOSS has selected Toshiba for a global deployment of store technology solutions led by TCxWave, a versatile solution unlike any other POS, kiosk or self-service device the market has ever seen, being deployed across its European stores. The United States market deployment includes TCxWave, with an option for Toshiba SurePOS 785, also a premier point-of-sale solution, commencing in September 2013. Developed by award-winning industrial designers, the striking appearance of TCxWave allows retailers to use the technology throughout the store to create a consistent and positive shopping experience. The versatile design and functionality of the TCxWave point of sale, kiosk or self-service unit enables the freedom to use one platform for multiple purposes throughout the store, and the wide-screen format and gesture touch based screen affords investment protection for evolving retail space.

Samsung Wallet Announces New Partnership

Samsung Electronics expands consumer offerings available through Samsung Wallet, a practical and easy-to-use mobile app for storing tickets, boarding passes, membership cards, coupons, and more, with the addition of new partnerships across several industries-including transportation, coupons and hospitality. New partners like American Express, United Airlines, Virgin Atlantic, Malaysia Airlines, Amtrak, Valpak, eGifter, Gyft, Yowza, SpotOn, Agoda, HRS, Opodo and Thrillcall are joining the Samsung Wallet ecosystem, which includes partners previously announced at the Mobile World Congress 2013 – Walgreens, Expedia, Belly, Lufthansa, and Hotels.com. Samsung Wallet is available for download on the Galaxy S® III, Galaxy S® 4, Galaxy Note®, Galaxy Note® II and Galaxy Note 3 from Samsung Apps (http://apps.samsung.com) or Google Play.

Global Economics Group Shows Big Impact from Durbin Fee Caps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Economists at Global Economics Group released a new study examining the impact of the Durbin Amendment on consumers, retailers, and banks showing consumers will lose more than $22 billion as a result of the price caps on the interchange fees banks receive when consumers pay with a debit card. It also…

PrivatBank Launches Contactless Android ATM

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PrivatBank has launched its Android contactless ATM that runs on Android. Letting users withdraw cash through their mobile phone, the new ATM solution does not have the usual display with buttons and is equipped with NFC- reader. Inside the ” black box” there is a first-class protection safe and the necessary…

InComm Launches API POS App

InComm launched its “Cashtie” Cloud Match Service, allowing loyalty program, mobile wallet and digital coupon providers to offer their capabilities to InComm’s retail network without lengthy integration or new hardware to install at a retailer’s POS. The “Cashtie” Cloud Match Service lets providers and retailers to seamlessly manage and process mobile barcode transactions without any changes to the POS system, leveraging the established host-to-host connectivity between InComm and the retailer and InComm’s barcode activation. The cloud match service uses the transaction details to match, in the cloud, the transaction at a specific cash register within a particular retail location and the provider that is associated with the barcode. Cashtie then shares this information with the provider, who matches it to a specific consumer and responds with the transaction details for making a payment, receiving a discount or gaining loyalty points. Cashtie then sends the details for the transaction back to the POS either via InComm’s proprietary switching technology, as part of InComm’s Enhanced Payment Platform or to any third party switching solution used by the retailer.

Union Bank Launches Receivables Straight Through Processing

Union Bank launched its Receivables Straight through Processing (Receivables STP) Solution for the company’s commercial clients. Receivables STP demonstrates Union Bank’s commitment to innovation and is a key component of the bank’s suite of comprehensive receivables solutions aimed at improving the overall receivables processing experience. Receivables STP is a receivables management solution that enables businesses to dramatically improve their working capital management. The solution includes a robust translation engine and deductions management module that helps reduce losses associated with deductions and/or chargebacks. Users can review exceptions and make adjustments in real time, posting entries directly to their back office General Ledger (GLs). It includes an internal routing workflow engine allowing users to route exceptions to designated employees, accessing images for paper payments.

Cardtronics Announces New Board Member

Cardtronics announced Julie Gardner is joining its Board of Directors. Gardner brings to the role more than 25 years of marketing experience in the retail industry, most recently as Executive Vice President and Chief Marketing Officer of Kohl’s, a value-oriented specialty department store chain. During her 14-year tenure, Kohl’s expanded from a regional company to a nationwide retail chain, opening nearly 900 stores during Gardner’s time with the company. Prior to joining Kohl’s, Gardner had a 14-year career with Eckerd Corp., a regional drug store chain where she held several management positions, including Chief Marketing Officer. Gardner joins the company’s Board of Directors in conjunction with the vacancy created by Robert P. Barone, who retired from the Board earlier this year after serving as a Director for 12 years.

Conference Board Employment Trends Index Up in September

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Employment Trends Index (ETI) increased in September to 114.78, up from 113.98 in August and is 6.3 percent higher than a year ago. September’s improvement in the ETI was driven by positive contributions from seven of its eight components. The increasing indicators ” from the largest positive contributor…

Piraeus Bank Achieves PCI DSS Certification

Piraeus Bank has been certified once more, according to the international PCI DSS, which lies on security of online transactions using credit and debit cards. This certification is a well-known standard and compliance obligation for all parties involved in card data management, such as merchants, credit institutions, organizations, companies, etc. It is noted that Piraeus Bank is the only bank in Greece and the broader geographic region that is PCI DSS certified, demonstrating in practice our dedication to online transactions in which the Bank has significantly invested.

Fiserv Announces Latest LoanServ Client

Fiserv announced that Cole Taylor Mortgage, a division of Chicago-based Cole Taylor Bank, has deployed its LoanServ platform to support its expanding loan servicing portfolio and further develop its full-service mortgage banking capabilities. Cole Taylor Mortgage is also rolling out LoanLink™, a consumer-facing self-service website for its borrowers provided by Fiserv. LoanServ automates all loan servicing processes, including integrated default management and collections, cashiering, escrow, and investor accounting for both closed-end and revolving loans. With the LoanServ solution, data transactions are available online in real-time to ease compliance risk and eliminate the limitations associated with an end-of-day batch processing cycle.