Virtual Piggy Appoints VP, Business Development

Virtual Piggy safe youth payments appointed Rika Nakazawa VP, Business Development. Nakazawa brings to the role over 17 years industry experience spanning payments, mobile technology, games and digital media, and retail. Her most recent position was as Vice President of Strategic Partnerships and Business Development at American Express (NASDAQ:AXP). Prior to joining American Express, she served as the Vice President of Business Development and Account Management at Live Gamer, an e-commerce solution provider for gaming and digital entertainment industries. Ms. Nakazawa has also previously held roles at NVIDIA, ACCENTURE and Sony Entertainment.

MasterCard and Kount Partner on Preventing e-Commerce Fraud

MasterCard Worldwide and Kount fraud prevention partnered making MasterCard’s Expert Monitoring Fraud Scoring for Merchants available to Kount merchant customers. MasterCard’s Expert Monitoring Fraud Scoring for Merchants Application Programming Interface (API) improves an online merchant’s ability to detect and prevent fraudulent purchases. With this tool, that leverages the strength of the MasterCard network and data insights, MasterCard provides merchants with a highly accurate predictive fraud score that gives broader insight into card behavior beyond what merchants can see on their own. Kount is the first company to offer the MasterCard Expert Monitoring API to merchants and is integrating the Expert Monitoring fraud score into its advanced merchant fraud prevention platform in order to help e-Commerce merchants minimize the risk of losses resulting from fraudulent online transactions.

FreedomPay Commerce Platform Inks New Partnership

FreedomPay Commerce Platform announced its latest expansion partnership with Taco John’s West-Mex quick service restaurant, across more than 400 locations. The cloud-based FreedomPay Commerce Platform takes Taco John’s already progressive business model and puts them on the forefront of technology innovation. The company can now leverage on-demand access to applications and services anytime, anywhere including; gateway payments, incentives, loyalty and enterprise security solutions. A key component of the FreedomPay Commerce Platform is the industry leading consumer app, VIBE®, which delivers mobile payments and mobile incentives to Taco John’s customers on the go.

USA Technologies Customer Optimizes Cashless Payment

USA Technologies highlighted its customer, City Vending for its effective use of USAT’s ePort® and ePort Connect® service for cashless payment and telemetry to drive improved business results. City Vending has transitioned from zero to over 300 cashless payment terminals in less than a year and has indicated that it has leveraged USAT’s cashless payment and telemetry offerings to drive improved financial performance, customer retention and consumer satisfaction. City Vending is also using VendSys, a certified VMS (vending management system) supplier that participates in USAT’s DEX partner program. USAT’s DEX Partner Program optimizes customers’ use of cashless payment offerings by integrating USAT’s wireless DEX and telemetry available through its ePort Connect® service.

Fiserv Partners with Financial Market Data Services

Fiserv partnered Financial Market Data Services (FMDS) to offer broker-dealers, asset managers, turnkey asset management providers and outsourcers a fully-outsourced, end-to-end securities class actions claims processing solution. The solution focuses on managed accounts, a high growth segment, and can easily be extended to support all class actions claims for a firm, bringing efficiencies to what can be an inefficient, fragmented and manual process. Fiserv has more than 4 million accounts on its wealth management platforms and over 1.3 million UMA sleeves. With the acquisitions of AdviceAmerica financial planning technology and CashEdge data aggregation capabilities, Fiserv has extended its leadership position with technology that can support all functions of a wealth management business with a truly integrated, end-to-end solution.

WEX Partners with Alegeus Technologies on Virtual Card Solution

WEX, a leading provider of corporate payment solutions, announced it has partnered with Alegeus Technologies, the market leader in healthcare and benefit payments, to introduce a virtual card solution for the post-adjudication claims market. An alternative to automated clearing house (ACH) payments, the new solution offers an additional electronic settlement method for payers and providers – using WEX Health electronic technology to settle claim payments more efficiently and eliminate costly check payments. Unlike ACH, virtual card payments do not require additional information or consent from providers to implement if they are a MasterCard accepting merchant. A provider can be set up to receive virtual card payments from participating payers automatically, giving payers the option of transitioning a large percentage of provider payments from paper checks to virtual card payments.

Signature Card Services Partners Ingenico on EMV

Signature Card Services, is offering free EMV-enabled terminals to its merchants in the U.S. to make their transition to the EMV standard as economical and effortless as possible. The company has chosen Ingenico’s EMV terminals to be installed for interested merchants starting June 15, 2013. Ingenico is a global leading provider of payment solutions with more than 20 million terminals deployed in 125 countries and deep experience in EMV migration. Signature Card Services has chosen Ingenico’s Telium2 series payment devices for its EMV terminals. The company partners with Ingenico for its high-quality products and services, as well as the knowledge and expertise that Ingenico brings, having supported EMV transactions in Europe and Canada for over two decades.

Fiserv appoints VP Channel Management, Card Services

Fiserv financial services technology solutions announced Dr. Kathy Herziger-Snider joined the company as vice president of channel management, Card Services. Here Dr. Herziger-Snider will provide strategic business development leadership, with a specific focus on the credit union segment, for the Card Services division. Herziger-Snider comes to Fiserv with extensive payments and core services industry expertise. Most recently she was vice president of product development at CO-OP Financial Services where her responsibilities included establishing execution and delivery of the organization product plan into the overall corporate strategy. In addition, she was responsible for the technical integration of mature and emerging products into competitive market strategies. She served at CO-OP Financial Services for 12 years in a variety of executive positions.

Fime EMVCo Contactless Qualified

Fime America has become the first laboratory to achieve test bench qualification for EMVCo Contactless Card Level 1 in North America, authorizing the advanced testing provider to offer contactless card level 1 testing services for EMVCo members. EMVCo is the EMV standard body for credit and debit payment cards based on chip card technology. It has an established certification program to confirm products meet the requirements outlined in the EMV Specifications. This promotes increased levels of confidence that EMV products will perform as intended and ensure interoperability between payment devices. FIME America partners with a number of leading schemes and industry bodies to provide certifications and enhance the secure chip ecosystem. FIME’s Montreal laboratory now offers American Express, Isis, MasterCard Mobile certifications as well as card and terminal testing for Discover Zip, Interac Dual Interface, STAR Certiflash and MasterCard PayPass.

Boku Brings mPayments to Smart TVs

Boku online mobile payments announced a partnership with PlayJam the premier global platform for games on TV. The partnership brings carrier billing to smart televisions and other consumer electronics around the world, including devices from Samsung, Panasonic, LGE, Vizio, Western Digital, Google TV and VESTEL. This agreement allows more than 90 Million consumers to use their mobile phone number to purchase games, upgrades and other services on PlayJam’s global marketplace. PlayJam’s network represents over 45% of all games played on Smart TVs in over 100 territories worldwide and serves over 150 TV apps on a wide variety of CE manufacturer devices. Users can checkout simply by entering in their mobile phone number with the charges appearing on their carrier bill.

Unemployment Stagnation Persists

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 175,000 in May as the unemployment situation remained unchanged essentially unchanged at 7.6%. Having declined 0.4 percentage points since January, the unemployment rate is a reflection of the 11.8 million still unemployed, a 610,000 unit drop since January. Of this, the number of long-term unemployed…

Tradeweb Announces E-pre-Trade Credit Check

Tradeweb Markets, the leading global provider of fixed income and derivatives marketplaces, supported the first electronic indicative pre-trade credit check between a buy-side client and a futures commission merchant (FCM) for an over-the-counter derivatives transaction. Using the electronic credit checking solution from Tradeweb, the customer successfully received an indication of available credit from J.P. Morgan as the clearing bank and executed a cleared interest rate swap trade. The new global regulatory environment for trading swaps will require a majority of financial institutions to begin clearing derivatives trades. It’s increasingly important that clients have efficient and cost-effective tools that give them real-time information about their ability to clear; especially for market participants preparing for the mandatory clearing deadline on June 10, 2013 under Dodd-Frank.