Diebold Board Elects New Chairman

The Diebold board of directors elected Henry D.G. Wallace chairman of the board, who’s been a member of the Diebold board since 2003. Wallace is a former group vice president and chief financial officer of the Ford Motor Company. Wallace experience as group vice president for Ford’s operations in the Asia Pacific region and as president and CEO of Mazda Motor Corporation is extensive. During his 30-year career at Ford, he also held numerous positions in finance and general management at Ford’s operations in the UK, Germany, United States, Mexico, Venezuela and Japan. Wallace received a bachelor’s degree in economics from the University of Leicester in England.

Chase Sapphire Preferred Hosts Sundance Premiere Party

Chase Sapphire Preferred premier travel rewards card hosted the premiere party for Touchy Feely at the 2013 Sundance Film Festival. Touchy Feely writer and director Lynn Shelton attended the celebration and walked the “Sapphire blue” carpet with cast members. Hundreds of Chase Sapphire cardholders and VIP guests toasted the film premiere and met the cast at the exclusive celebration. As a presenting sponsor of the Sundance Film Festival for the third year in a row, Chase Sapphire offered cardholders custom packages with insider access to exclusive events, people and films at the Festival. Cardholders enjoyed invite-only VIP parties, access to an exclusive Chase Sapphire Box Office priority ticket line, complimentary film screening tickets, festival credentials and coveted seats at ChefDance dinners with world-renowned celebrity chefs.

PayLane Announces Global Expansion

PayLane has expanded its footprint internationally to businesses, allowing accepting online payments in 160 currencies from over 50 countries. They can now offer their customers alternative solutions typical for specific regions, like Sofort banking in Germany, Austria and Switzerland, wire transfers in Poland, Dankort in Denmark, Carte Bleue in France or iDEAL in the Netherlands. Also directed at shops that use e-commerce platforms, PayLane plugins e-shops built on Magento, OpenCart, osCommerce, Zen Cart, PrestaShop or Wordpress can easily integrate with the payment system. PayLane has also launched DevZone – a site for developers, which shows how the technical side of integration with PayLane looks like.

Fundtech Announces Hosted Global CashPlus

Fundtech transaction banking solutions launched a hosted version of “Global CASHplus” (GCP) cash management solution. The On-Demand service will allow banks to reduce the costs of hardware, installation, maintenance and manpower while focusing on their core competencies and growing their business. The GCP On-Demand is designed for mid- and small-tier banks looking to offer standardized cash management services such as balance and transaction reporting, payables, receivables and financial supply chain to their corporate customers. This is an extension of GCP, Fundtech’s market-leading cash and treasury management solution offered by banks to their corporate customers. Fundtech operates as an application service provider in North America for payments and cash management services and, through its BBP subsidiary, operates the world’s largest SWIFT service bureau supporting more than 250 clients.

Commerce Bank Launches Chip Visa Signature Card

Commerce Bank made available to its Visa Signature Credit Card holders more convenience and safety when traveling, launching the chip-enabled Visa Signature Credit Card. Embedded with a Europay, MasterCard and Visa (EMV) microchip, the card provides greater acceptance at international merchants where chip card terminals have become the standard. The chip-enabled credit card includes elements that offer each transaction an additional layer of security for regular purchases in stores as well as those made at unattended terminals such as automated ticket dispensers commonly found in European train stations.

Cardtronics Announces New CIO & CISO

Cardtronics announced the appointment of Jerry Garcia to the newly created Chief Information Security Officer position. Having spent the last 10 years designing and developing the information technology systems Cardtronics uses to run its business, Garcia will now focus exclusively on Cardtronics’ information security program as chief information security officer (CISO). Also, Mike McCarthy has joined Cardtronics as its new CIO and is to oversee the company’s IT infrastructure, design and implementation of high-availability IT solutions.

MasterCard Strengthens US EMV Commitment

MasterCard is making some of the company’s proprietary technology solutions available to other U.S. debit networks to provide an option to support debit EMV transactions and reinforce the company’s continued support of the U.S. migration to the EMV standard. MasterCard will allow acquirers to brand transactions originating from the Maestro AID (application identifier) for all debit networks within the United States. This is part of the MasterCard initiative to advance the future of electronic payments in the U.S.

Virtual Piggy Announces New Ecommerce Partner

Virtual Piggy safe youth payments has added its youth-friendly payment system to Popar Toys’ ecommerce website. Allowing parents to set up a monthly allowance for their children, Virtual Piggy promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Popar Toys uses Augmented Reality (AR) technology to create an immersive reading experience that will allow the user to see incredible virtually “real” 3D objects that will pop off the book or cards.

Card Penalty Fees Soften Again in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down from$23.9B to $22.5B, with 2011 showing a further drop to $19.4B, and 2012 dropping again to $17.8 B, according to the R.K. Hammer…

Compass Plus Posts HP Benchmark

Compass Plus electronic payment solutions and retail banking systems has completed scalability and performance tests on HP servers for their “TranzAxis” Open Development Banking Platform. A specialist, integrated platform created for the development and support of cards and payments, transaction switching, retail banking and other systems and applications in the domain linked to the automation of retail banking activities, “TranzAxis” was tested through a simulated issuing and acquiring setup that required it to drive 20,000 terminals (10,000 ATMs and 10,000 POS devices). TranzAxis also acted as an issuing system that included 10 million accounts with overdrafts and 10 million cards linked to them. The platform reached a sustained peak of 1066 transactions per second (TPS) during testing and remained stable at that high capacity.

American Express Q4 Net Income Down 47% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported 4Q net income of $637 million, down 47% from the year ago figure of $1.2 billion. Net income from the quarter included the restructuring charge, rewards expense and cardmember reimbursements that were announced last week. Consolidated total revenues net of interest expense were $8.1 billion, up 5% from…