ACI Worldwide Alleviates Dodd-Frank Compliance

ACI Worldwide payment systems announced its Money Transfer System is helping financial institutions achieve Dodd-Frank compliance. This regulation, a requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, is one of the major issues facing financial institutions in 2013. The ACI Money Transfer System provides customers with a fully automated capability to address the complex regulatory demands of Dodd-Frank, in addition to other regulations. It offers the ability to determine the fees associated with a transaction, deliver the necessary disclosures to the consumer at the time of the transaction and automatically manage the required 30 minute transaction hold.

NCR Silver and Elavon Partner to Intro Market POS

NCR Corporation and Elavon agreed to combine NCR’s tablet and mPOS technology with Elavon’s payment processing and distribution channels. Offering secure POS solutions to small business customers, the partnership is introducing NCR Silver cloud-based, small business POS system through Elavon’s sales channels for the first time. With Elavon’s processing and the addition of NCR Silver to its payment solutions portfolio, the new offering is positioned to small business owners when they are looking to start or grow their businesses. NCR Silver operates on Apple® iOS devices like the iPad®, iPhone® and iPod touch®, allowing small businesses to interact with customers, sell and manage their businesses from anywhere.

Paymetric Discloses Continued Business Growth

Paymetric integrated and secure enterprise payment acceptance solutions announced a year of record company growth for 2012. Paymetric’s Software as a Service (SaaS) subscription fee revenue grew by 66 percent year-over-year (2011-2012) and 2012 also marked another record year for sales growth. This is thanks to the increasing need among enterprise level merchants to manage the complexities around payments. Paymetric plans to launch a suite of new products in 2013 to provide enhanced security solutions, payment optimization services and new payment processing opportunities.

Consumer Bill Payment Correlate with Internet Usage, mPayment Growing

Fiserv research shows consumers pay their bills in multiple ways each month while mobile bill payments are on the rise, while there is a correlation between how consumers pay bills and their use of the Internet. American consumers use multiple channels to pay various bills, such as online payments at bank and company (biller) sites, paper checks sent via mail, walk-in payments made in person, phone payments and mobile payments made via apps or mobile web browsers. Eight percent of online households – representing 8 million total households – paid at least one monthly bill this way, up from 6 percent in 2011. In addition, 3 percent of infrequent and non-Internet users – representing 720,000 total households – are using mobile bill payment. Additional findings show only 7% of online households said that trouble keeping track of a bill caused a late payment.

First Data & Go Daddy Launch Payment Solutions

First Data and Go Daddy Web hosting announced their partnership “Go Daddy Payment Solutions” application, designed to better serve the electronic payment needs of small businesses. The “Go Daddy Payment Solutions” will process eCommerce transactions online, giving customers a full-blown Web presence, complete with a website, shopping cart and online payment acceptance. Small merchants are embracing technology to stay ahead, with nearly half of all small merchants believe adopting new payment and marketing technologies are important to stay competitive.

BOKU & U.S. Cellular Forge mPayments Partnership

BOKU online mobile payments partnered U.S. Cellular to maximize the adoption of direct-to-bill mobile operator billing as a payment option. Online merchants will generate incremental revenue from consumers who find mobile the easiest way to pay online, and attract new consumers who previously were unable or chose not to pay via other payment options, such as credit and debit accounts. When making purchases from their favorite online merchants, consumers will benefit from a convenient and secure payment experience that is accessible to all U.S. Cellular subscribers. Consumers gain a user authentication process that delivers better conversion for merchants, timely notification of billing errors impacting purchase and continuous pricing.

Conference Board Economic Index Jumps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.5% in December to 93.9 after no change in November and a 0.3% increase in October. This sharp increase was thanks to large improvement in initial claims for unemployment insurance and positive contributions from the interest rate spread and…

2Checkout Announces Growth Investor Partnership

2Checkout online payment processor for ecommerce global businesses partnered Chicago Growth Partners (“CGP”) and Trident Capital for investment to achieve ‘aggressive’ growth in the coming years. 2Checkout makes it easy for online Sellers to sell their goods and services to buyers all over the world. By providing a dynamic checkout experience that automatically adjusts to the buyer’s device and allowing for a customized, branded experience, 2Checkout helps Sellers sell more by creating a seamless, intuitive and comfortable online buying experience.

MoneyGram Partners IACC, Protects Consumers

MoneyGram and the International AntiCounterfeiting Coalition announced an agreement by which MoneyGram will participate in the IACC Payment Processor Portal Program. Designed to prevent disreputable merchants from selling counterfeit goods, the program disables certain payment processing channels to these merchants. The IACC portal program also provides a system for intellectual property rights-holders, such as manufacturers of luxury goods, electronics, and consumer products, to report the illegal sale of counterfeit items. Once a claim is verified by the IACC, a third-party monitoring agent alerts affected payment processors, such as credit card and money transfer companies, to ensure the illegal merchant no longer accepts payments through these channels.

Agilysys Announces Software Suite Expansion

Agilysys hospitality software solutions announced that Indigo Sky Casino and Hotel selected its software suite. This includes solutions for property management, POS and inventory and procurement. It will implement its Lodging Management System comprehensive property management solution that automates every aspect of hotel operations, InfoGenesis POS software system that combines powerful reporting and configuration capabilities in the back office with an easy-to-use touchscreen terminal application and Stratton Warren System, a full-featured inventory and procurement solution that maximizes purchasing power and reduces operational costs.

SelectCore Announces New CEO

SelectCore prepaid payment solutions announced a strategic restructuring of its executive management whereby Kevin Taylor, Director of the Corporation, will assume the role of Chief Executive Officer. Meanwhile Keith McKenzie and Ryan Deslippe will remain as President and Executive Vice President, respectively. Taylor brings more than 20 years of leadership experience having held senior-level positions in the Latin America and Caribbean market including heading up Nortel”s carrier and wireless groups from 2000 to 2008. He holds a Bachelor of Engineering – Science degree from the University of Western Ontario. In his new capacity, he will focus on delivering sustained growth, profitability and raising the profile of SelectCore on a global scale with increased public awareness.