New Bank Implements EFT Source Card Issuing

EFT Source turnkey card programs and personalization services for ATM and debit cards for financial institutions, announced that Centier Bank launched its patented instant issuance solution, “Card@Once.” Allowing Centier’s customers to walk into a branch and receive a fully functioning, active payment card, “Card@Once” ensures the data is securely transferred from the branch location to EFT Source. Immediately processed and converted into an encrypted print file that is sent back to the branch electronically, “Card@Once” encodes the data and prints the card allowing the customer to walk away with a ready-to-use, active debit card. The cardholder can immediately use the card and self-selected PIN at the onsite ATM, giving them added confidence that the card works on the spot.

Users Select Kount as Top Fraud/Security Solution

Those who rely on Kount Complete to protect and grow their business chose Kount as the Customer Choice for Fraud/Security Solution at the CNP Expo Awards ceremony on May 22. Built by a leading online merchant to protect itself from the rapidly evolving world of fraud, Kount drastically minimizes the impacts of fraud for every client and partner provides based on the extensive capabilities of its fully integrated solution. When compared to its competition, Kount earns both the business and vote of its customers, earning it the distinction of Customer Choice for Fraud/Security Solution. CNP Expo sessions cover an expansive range of merchant e-commerce and CNP concerns including fraud, chargebacks, recurring billing, PCI compliance, alternative payments, mobile payments and new regulations.

Net Element Set to Acquire Cloud-Based POS

Net Element International electronic commerce and mobile payment processing entered into a binding term sheet to acquire Aptito, a next generation, cloud-based point of sale platform for restaurants and operate it through TOT Group (“TOT”), its mobile payments and transaction processing holding company. TOT is a multinational mobile payments and transaction processing holding company which provides a unique range of flexible online and offline payment solutions. Clients include wireless carriers, content providers and merchants. TOT delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale (POS). Aptito is a next-generation, cloud-based payments platform, which brings online consumer experience into offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty.

NCR Installs First EMV Compliant ATM in U.S.

NCR Corporation has begun upgrading ATMs at People’s United Bank with the new consumer card security technology, in conjunction with Vantiv and Pendum, and the first EMV ATM in the US is officially in service. The first upgraded ATMs are the People’s United Bank ATMs located at their 250 Park Avenue, New York, branch. The upgrade includes an upgrade to the card reader hardware inside the machines as well as a software upgrade. Since 2011, NCR has been shipping all SelfServ™ ATMs with smart card readers as standard. Globally, 36 percent of cards and 65 percent of terminals in deployment run using the EMV standard. Vantiv became the first U.S. acquirer to complete MasterCard’s testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations.

Direct Pay with ACH Now Leads Consumer Bill Pay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Direct Payment via ACH is the leading method consumers use to pay their bills, offered through 75% of billers which provide electronic payment options. Now 50% of consumer bills are paid through this method while only 42% consumer bills are still paid through the mail and 11% are paid with credit/debit… Acquires Mobile Start-up Company acquired Giftly mobile gifting app to build a digital and mobile commerce platform in the $110 billion gift card industry. commands strong positions in both the plastic and digital gift card spaces and prints on-demand custom gift-cards in its own facility. It offers personalized, pre-designed, virtual, local, group, and discount gift cards. Meanwhile, Giftly lets consumers buy and deliver digital gifts via its website and free app. Giftly has pioneered a new platform for gift cards which sends gift credits to recipients when they redeem a gift, rather than issuing plastic cards, and requires no point of sale integration.

Chase Enhances United MileagePlus Explorer Card

Chase Card Services announced all purchases made with the United MileagePlus Explorer Card outside of the U.S. will no longer be subject to foreign transaction fees. A cardmember spending $3,000 while traveling outside of the U.S. would save $90. This enhancement adds to the other unique benefits, such as a free checked bag, priority boarding and two United Club® passes per year, that MileagePlus Explorer cardmembers already enjoy. Cardmembers and up to one traveling companion will receive their first checked bag free on United operated flights when they purchase their ticket with their card- worth up to $100 per roundtrip. Service charges for additional/oversized/overweight bags will apply. Cardmembers also board prior to general boarding, so they have earlier access to overhead space and can relax as the rest of the plane boards and earn 10,000 additional bonus miles after spending $25,000 or more on the Card each calendar year.

TNS Intros Telco-Based Verification

Transaction Network Services (TNS) added to its “TNSVerify” product suite a solution to help reduce risk and fraud in the US payments and financial services industries. Professionals managing fraud, risk, and compliance challenges for brick-and-mortar and online companies, can benefit from unique telecommunication data insight and capabilities in a single solution thanks to TNSVerify. TNS has partnered with leading mobile and landline telecommunications providers who together, recognize the inherent problems and risks associated with establishing identity in response to the defective grey market phone subscription data currently serving the identity verification market. The “TNSVerify” solution boasts the highest security levels. TNS can reference accurate and current information through its extensive relationships with over 1,100 telecommunications companies, including many of the US’ largest mobile, VoIP, cable and landline telephone service providers.

Americans Pay Down Debt as Unemployment Wanes

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] When superimposed over one another, unemployment and consumer credit outstanding swells and lulls indicate very positive correlation. With the total outstanding revolving US consumer credit up 7.75%. in February to an adjusted $848B, it slowed in March to $846B. Meanwhile, payroll employment was up 165,000 in April as the unemployment conversely…

NCR Partners Jamba Juice, PayPal on Mobile Ordering

NCR Corporation is working with Jamba Juice, in collaboration with PayPal, on a series of customized mobile solutions, including a Jamba Juice branded iOS® and Android™ mobile ordering and payment solution. This ordering functionality is available today in select Jamba Juice locations via the PayPal app to millions of customers and allows consumers to place mobile orders and pay directly from their smartphone. The customized mobile ordering solution will seamlessly integrate with the NCR Aloha point-of-sale (POS) platform. It is expected to improve speed of service and offer a differentiated experience to Jamba Juice customers, enabling them to skip the line to pick-up their order.

Xoom & Vesta Partner on International mTransfers

Xoom digital money transfer provider, and Vesta Corporation, mobile payments provider, announced a partnership to offer international money transfers using mobile devices. The Vesta PayMobile wallet allows users to top-up their prepaid iPhone and Android devices with some of the largest carriers in the US. Through this partnership, the Vesta wallet will also provide subscribers with access to Xoom’s money transfer services directly from their smartphone. Through the wallet app built by Vesta, users will be able to sign up for the Xoom service, and send money to friends and family in Latin America, the Philippines, India, Europe, Australia and South Africa from their smartphone.

Mako Networks Expanded PCI DSS Certification

Mako Networks completed its fourth consecutive PCI DSS audit, certified as a Level 1 service provider”the highest level of qualification attainable. Mako was additionally certified for its Wi-Fi networking capabilities, now included as standard in its award-winning Mako 6500 series network appliances. Wi-Fi functionality was added during 2012, and with PCI DSS certification it can now be used to transmit and process credit card data – a key feature in modern retail commerce. Mako’s audit was conducted by Verizon Business of Australia, led by a Qualified Security Assessor (QSA) that reviewed Mako’s product design and software code, business processes, documentation, facilities and more to verify that Mako operated in accordance with the full PCI DSS criteria.