AJB Software Design integrated payment solutions announced that its FIPay payment products achieved PCI’s PA-DSS 2.0 validation, and its RTS products are projected to be PA-DSS 2.0 in advance of the October 28th, 2013 deadline. The deadline requires merchants to upgrade from the existing PA-DSS version 1.2.1. AJB provides merchants with an easy way to pre-validate their payment applications. Existing AJB customers using PA-DSS 1.2.1 validated products are eligible to receive PA-DSS 2.0 security patches.
Office Depot office supplies has now added PayPal to its selection of online payment options for a secure way to pay for purchases on www.officedepot.com. Using PayPal on www.officedepot.com simplifies the online checkout process by providing shoppers with a quick, and secure option to pay for purchases without sharing financial information. PayPal can also help shorten the time needed to checkout as customers do not need to type the billing and shipping addresses or financial information that it is already stored securely in their PayPal account. Users also can securely link their bank account, debit or credit cards to their PayPal account.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After 12-months of straight improvement having snapped in October, Fitch’s 60+ Day Delinquency Index made up ground and improved one basis point (bp) to 1.70% in November. With this, late payments are down more than 26% year-over-year- the second lowest rate in any given month since the inception of Fitch’s index…
Fiserv financial services technology solutions assimilated offices to donate over 16,000 pounds of food to Feeding America and the Global FoodBanking Network, which partner directly with local community food banks. Fiserv associates also raised over $76,000 to help the Mid-Atlantic and Northeast regions of the U.S. begin to rebuild after the devastation of Hurricane Sandy, which the company then matched dollar-for-dollar, up to $50,000, which resulted in more than $126,000 going to the Red Cross for Hurricane Sandy relief efforts. Fiserv associates nationwide also collected toys for the annual December Toys for Tots toy drive at Fiserv.
CorFire mobile commerce business of SK C&C USA integrated PayPal “Checkout, “Mobile Express” and “PayPal Here” to advance the adoption of mobile commerce services. CorFire will work with PayPal to bring large merchants and their services including mobile closed-loop cards, offers, and loyalty programs into the PayPal’s mobile app. For merchants, this means being able to deploy their own mobile app including PayPal services and at the same time being part of the PayPal mobile app.
The Panini Board of Directors announced John O’Malley is the new CEO. O’Malley most recently served as CEO of Memento, acquired by FIS, where he led the development and delivery of next generation technology solutions for bank management and mitigation of fraud. Prior to Memento, Mr. O’Malley was President and CEO of Harland Financial Solutions. He has also served in senior executive positions with Fiserv and Hogan Systems (now part of Computer Sciences Corp).
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced its fiscal 4Q/12 organic non-GAAP net revenues up 4% from the year-ago quarter. Its North America Organic non-GAAP net revenues were also up 22% both unadjusted and at constant currency, while international Organic non-GAAP net revenues declined 3% from the year-ago quarter but increased…
C-SAM m-wallet and MasterCard announced a global strategic partnership, as well as a minority investment by MasterCard. C-SAM provides the end-to-end infrastructure required to operationalize a mobile wallet. This includes back-end management infrastructure, software development kits and on-device software that support secure proximity near field communications (NFC), bar code, QR code and cloud-based transactions. Leveraging the MasterCard digital payment infrastructure including PayPass Wallet Services, C-SAM will be able to significantly enhance its current offering.
Discover announced James J. Roszkowski has been named president of Discover Bank. Bringing with him more than 30 years of experience in consumer banking, financial services, payments and economic development to the role, Roszkowski is now responsible for all aspects of the Delaware banking activities and serves as a liaison to the greater Delaware business community. Roszkowski is also to manage consumer banking affinity relationships and will sit on the board of directors. He was most recently a senior executive vice president and a member of the Senior Operating Management Committee of MBNA America, where he worked since 1989 and holds a bachelor’s degree in economics and business management from the Peter J. Tobin College of Business at Saint John’s University.
Specialist Payment Card Industry (PCI) security service providers ControlScan and Foregenix have formed a strategic alliance to deliver a market-leading suite of technology solutions to acquiring banks and merchant service providers working with small and mid-sized businesses (SMBs) in Europe, the Middle East and Africa. In the U.S. marketplace, Atlanta-based ControlScan is recognized for its expertise in helping SMBs understand, navigate and complete their obligations of the PCI DSS. Foregenix conducts a variety of PCI and security-related assessments as well as post-breach investigations throughout the EMEA region. Both organizations are relied upon by acquiring banks and merchant service providers to reduce their associated risk in working with SMB merchants.
nFinanSe announced a provider of general purpose reloadable (GPR) prepaid cards in the direct-to-consumer sales channel. Closed in phases, the First Closing involved the sale of the operational assets of nFinanSe to an entity wholly owned by AccountNow. Assets of nFinanSe will consist solely of the stock of nFinanSe Payments Inc., the wholly-owned subsidiary of the Company that holds various state money transmitter licenses. AccountNow has an option to acquire the stock of nFinanSe Payments for a nominal payment at a Second Closing upon certain states granting approval for a change of control of its money transmitter licenses. It is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock and after the Second Closing, nFinanSe will have no assets.
Tsys announced that it has signed a multi-year agreement with St. Mary’s Bank to provide payments services for its consumer credit card portfolio. Oregon Community Credit Union also entered into a long-term payments agreement with TSYS to include its consumer credit card portfolio. Terms of the agreements were not disclosed.