Agent Card Programs – 2012 Performance

[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…

Western Union Sees 2012 3% Revenue Increase

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted a full 2012 year 3% revenue increase and a 4Q/12 revenue of $1.4 billion, flat compared to the year ago period. Operating margin was 20.1%, or 20.9% excluding TGBP integration expenses of $12 million, compared to 25.0%, or 25.4% excluding TGBP integration expenses of $5 million, in the…

Visa Intros Managed Mobile Service

Visa launched its plug-and-play mobile money platform, allowing financial institutions and mobile operators to offer bank-grade managed mobile financial services to consumers. This allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. This can enable domestic-only or globally interoperable mobile money services. Users can access a financial account that is linked to their mobile phone number. From cash-in and -out transactions at agent locations, to paying bills, sending money to relatives, topping-up air time and buying train tickets, consumers can take advantage of bank-grade financial services and Visa-quality payments. Visa’s new platform is designed to comply with the regulatory frameworks established for mobile financial services for mobile network operators and financial institutions to provide local connection to Visa’s global payment network, VisaNet.

Collis ATM Testing Tool MasterCard Qualified

UL is pleased to announce that the Collis Brand Test Tool, developed by UL’s Transaction Security team, has passed qualification by MasterCard for its new ATM module. The last couple of years, terminals with motorized readers became smarter detecting possible fraud. For that reason it became more and more difficult to let them accept a wired probe during testing. Our new solution comes with programmable cards for motorized readers. The cards will be personalized in a few seconds to behave exactly like a formal MasterCard or Visa test card. Subsequently, the test case from the scheme’s test plans will be executed, exactly in the way the Collis Brand Test tool users are used to. Logging from the card will be read and included in the verdict of the test. The tool will provide the same outstanding level of step-by-step guidance to the user.

Cardlytics Makes Available Facebook Offers and Rewards

Cardlytics is expanding its service to allow consumers to opt-in to receiving offers and rewards via Facebook. This will allow partner banks to deploy a Facebook App that integrates with the Cardlytics reward platform and let consumers privately see their offers and rewards while using Facebook. The Cardlytics software simply uses the Facebook API to create a link from an anonymous token ID at the bank to their individual Facebook ID. Cardlytics specializes in card-linked marketing, partnering with more than 300 banks providing insight into the spending of nearly 70% of households across the U.S.

ACI Worldwide Updates Payments Fraud Detection

ACI Worldwide payment systems announced its newest version of ACI “Proactive Risk Manager” payments fraud detection and mitigation solution. This provides financial institutions enhanced behavioral modeling tools and performance testing capabilities designed to strengthen fraud detection accuracy and improve the customer experience. The “Proactive Risk Manager” puts more control in the hands of the fraud manager through flexible configuration tools and a new user interface (UI). It also improves operational efficiencies with a new user interface (UI) designed to reduce the learning curve for new users while making the experience more intuitive for frequent users.

TSYS Promotes Associate to VP, App Systems

TSYS promoted Tony Hodge to Executive VP, Application Systems for its North America segment. Hodge brings to the position 30 years’ experience, having help multiple IT leadership positions at TSYS. Now responsible for more than 1,000 IT professionals in the North America segment, Hodge studied Computer Information Management at Columbus State University, and has completed numerous Bankcard and IT certificate programs. During his tenure at TSYS, he has received numerous leadership awards, including the James H. Blanchard Leadership Award and the Georgia Trend Top 40 under 40 Award.

Diebold Sees 4Q/12 Profits Tumble

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Diebold posted a 4Q/12 net loss from continuing operations attributable to Diebold of $(7.5) million, compared to the year ago net income of $79.8 million. The company recorded $18.0 million of pre-tax, non-routine expense primarily related to increasing its accrual for the eventual resolution of the previously disclosed Foreign Corrupt Practices…

Wells Fargo Offers Consumer Remittances with Fee Waiver

Wells Fargo & Company is celebrating the 10 year anniversary of its Global Remittance Services unit by offering new Wells Fargo ExpressSend customers a fee waiver on their first transfer if they enroll in the service and make their first transfer from a Wells Fargo linked account between February 1 and June 30, 2013. Wells Fargo offers remittance services to 14 countries, to which it remains committed, despite pending regulations that are causing some large banking institutions and traditional remittance companies to exit the business or reevaluate their strategy. Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives- account to account, account to cash, cash to cash, or cash to account.

William Hill Extends DataCash Partnership

Payments services provider, DataCash, a MasterCard company, has today announced it has signed an extended contract with online gaming operator William Hill. William Hill will continue to deploy the DataCash payment processing gateway to provide customers of its gaming websites with an efficient payments experience that enables them to fund their accounts through a range of credit and debit card options. DataCash has enabled William Hill to successfully meet the huge demand placed on its payments platform with proven scalability.

American Express, Twitter Unlock the #Hashtag Purchasing Power

American Express launched its social commerce solution, implementing Twitter #hashtags as purchasing tools in a unique and seamless way. Now Cardmembers who sync their eligible Cards at and tweet special #hashtags can buy American Express Gift Cards and products from Amazon, Sony, Urban Zen and Xbox 360 through its own “Card Sync” technology. The “Card Sync” solution first launched on Twitter to deliver couponless savings to Cardmembers who tweet special offer #hashtags from merchants. The $25 American Express Gift Card can be purchased using a synced American Express Card for $15 by tweeting #BuyAmexGiftCard25 (quantities limited, offer expires 3/3/13, limit one per Cardmember). Meanwhile, Cardmembers can sync their eligible Cards with Twitter to purchase products and access content, offers and more.

AnywhereCommerce, Heartland Ink mPayment Partnership

AnywhereCommerce is now the provider for Heartland Payment Systems’ “Mobuyle” mobile payment reader. Combined with Heartland’s payment acceptance app for Apple iOS and Android operating systems, This allows merchants to take credit, debit and gift card payments on various mobile devices. AnywhereCommerce is a major mobile payments solution provider, serving many of the top 20 merchant acquirers, providing fully brandable merchant POS devices, software apps and a global gateway.