Checkpoint Systems shrink management solutions, announced a new enhanced performance (EP) anti-theft EAS (Electronic Article Surveillance) food label for supermarkets that is certified to be microwave safe. The 4010 EP Food Label was designed specifically to protect fresh and frozen supermarket food. It has been certified as microwave safe and non-flammable by TUV Rheinland, an international service group that provides manufacturers with assessment and certification services to ensure product safety. The 4010 EP Food Label can be applied through high-speed source tagging at the point of manufacture, or through in-store tagging.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs did not experienced the typical post-holiday season plummet from January to February, holding at a steady 14.96% February average. Slightly higher than the 14.91% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in…
Visa, in collaboration with mobile operators is set to demonstrate at the Mobile World Congress 2013 in Spain. Visa’s product showcase will provide attendees the NFC Mobile Payment Experience, for which it partnered with Telefonica, La Caixa and the GSMA to provide select Mobile World Congress attendees with a hands-on mobile payments experience. Also Visa and GSMA will release a new five-country study, “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,” offering insights on how mobile financial services can better support the complex financial lives of women at the base of the pyramid.
One Point Financial (OPF) ATM operator partnered Huntington Bank, allowing the bank customers to access their accounts with no fee by using ATMs at 88 Go Mart locations. The new ATMs are in addition to the existing 31 Huntington branches and 53 Huntington ATMs. OPF finalized an agreement with Huntington to brand the ATMs. The first ATMs will be placed in Go Marts beginning in early March while all 88 are expected to be placed by mid-March.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having jumped 1.1% in November- its first decrease in two months- it was down 5.1% in December thanks in great part to the busy holiday shopping season. However, when compared with 4Q/11, consumer credit was up 6.5% in 4Q/12 and was up 6.25%…
Fiserv financial services technology announced that its Financial Crime Risk Management (FCRM) platform has been awarded a “Best-in-Class” rating in the Enterprise Support category in the CEB TowerGroup 2012 Anti-Money Laundering Technology Review. The FCRM platform also received high marks for front-end usability and back-end configurability. The report highlighted that CEB TowerGroup analysts were impressed by the layout of the interface, which facilitates streamlined workflow management. Fiserv was also highly ranked in the Detection Tools category, where the combination of behavioral profiling and analytics-based approaches in combination with flexible rules to identify potential money laundering behavior were highlighted as key strengths.
Tenants who rent their homes can now get financing credit for their on-time rental payments, including millions in a variety of lending opportunities, with Rental Kharma. Rental Kharma furnishes data to large credit bureaus and launched this new service to make it possible for renters to overcome this barrier. There are more than 100 million renters in the U.S., and Rental Kharma has developed its comprehensive, online platform for renters, letting them build their credit score by self-reporting the last two years of their payment history. The data is then provided to the large credit bureaus.
Wells Fargo redesigned its ATMs with a layout featuring ease of use and a modern design. With the upgrades now available on more than 500 machines across several states, the new interface will launch at all the more than 12,000 Wells Fargo ATMs by May. A “Balance Dashboard” features balances at-a-glance, if the customer chooses, for their most used accounts while the ATM “Cash Tracker” tool helps customers manage their finances and automatically appears on the main ATM screen. This feature allows customers to visually track their monthly Wells Fargo ATM withdrawals. Customers can also set a monthly withdrawal target and can view details about how much they withdrew the prior month and their average over the past 12 months.
Inside Secure launched the all-in-one “ComboPulse” secure NFC system-in-package (SiP). This makes it easy to add NFC functionality into smart mobile devices. Combining INSIDE “PicoPulse” NFC RF front end “booster” chip, an INSIDE “VaultSEcure” secure element with Java Card OS, an antenna and all passive components in a tiny DFN8 package, the “ComboPulse” SiP requires no additional hardware, no external antenna and no tuning to add best-in-class NFC card emulation and peer-to-peer functions to mobile products at a fraction of the cost and time of traditional NFC solutions. The NFC card emulation capability provided by the ComboPulse SiP allows the mobile device to be used like a contactless smart card to communicate with standard contactless POS and other terminals to make purchases, validate tickets and coupons, accumulate loyalty points and perform banking and other secure transactions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] One of the ways for card issuers to augment their organic/branch card sales growth is to offer agent card programs to other, usually smaller, financial institutions. The sponsoring organization provides the card expertise and management and card member service while the agent institution generates new applicant/card accounts. Agents are often selected…
nCircle management solutions announced the U.S. Patent and Trademark Office awarded its second “PureCloud” patent. nCircle’s intellectual property portfolio now includes 11 patents, reaffirming nCircle’s position as the leading innovator in the network security field. nCircle patents cover a wide range of security innovations and represent the company’s significant, ongoing investment in security technology research and innovation. The “PureCloud” solution is a cloud-based security services platform that requires no hardware or software to be installed or managed. nCircle PureCloud dramatically reduces the cost and complexity of a wide range of security services — including vulnerability scanning, PCI scanning and web application scanning — making these practices easily accessible to small and medium businesses.
The National ATM Council U.S. Independent ATM providers and their suppliers requested MasterCard delay implementation of EMV chip card liability shifts for Maestro international cards at ATMs. The letter was co-signed by NAC and 36 member organizations including leading ATM deployers, processors and manufacturers, many of whom attended the January 29th NAC-sponsored EMV ATM Summit Meeting in Dallas. Formulation of a universally accepted AID (Application Identifier) consistent with financial transaction network routing requirements established under the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also requested were adequate time is provided for the ATM industry to test and deploy the AID, and all related hardware and software upgrades and change outs necessary to render the embedded U.S. ATM base of over 425,000 terminals EMV compliant. This has created some confusion in the marketplace as to the status of the earlier announced liability shift for MasterCard’s international Maestro cards used at U.S. ATMs.