North American Bancard to Partner with PCI SSC

North American Bancard has joined the PCI Security Standards Council as a new Participating Organization. North American Bancard (NAB) will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the PCI DSS, PIN Transaction Security (PTS) requirements and the PA-DSS. With this, NAB adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.

No News is Good News on Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 171,000 in October but the unemployment rate was essentially unchanged at 7.9%, according to the U.S. Bureau of Labor Statistics. The number of unemployed persons of 12.3 million was also unchanged in October after dropping off in September to 7.8%. Those long-term unemployed- of 27…

Heartland 3Q/12 Net Income Sustains Respectable Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems payment processors announced a net income of $19.4 million for the three months ended September 30, 2012, up on 2Q/12 net income total of 17.8 million. With this, small and Mid-Sized Enterprise (SME) quarterly transaction processing volume was $18.8 billion, up 5.8% from the year ago period, while…

Bell ID Joins EMV Migration Forum

Bell ID has joined the EMV Migration Forum, independent, cross-industry organisation started by the Smart Card Alliance, to drive and support EMV payments technology in the United States. Bell ID will contribute its extensive knowledge of provisioning and managing the delivery of secure services to end-users via chip-based technologies on plastic cards and in mobile NFC-enabled devices. The launch of the EMV forum provides a central hub for the U.S. payments community to effectively discuss and agree how EMV technology should be implemented across the country. The forum brings together payment systems, banks and financial institutions, product manufacturers and key actors in the NFC ecosystem, to ensure interoperability, security and consumer usability of secure-chip technology.

Google Wallet Rationalizes Consumer Purchasing

On sites that accept Google Wallet, consumers no longer need to enter their credit or debit card number, billing address or other payment information because it’s already stored in their Google Wallet. Typically, on mobile websites, users need to key in 17-20 fields of information on a small screen while having to click and scroll through multiple pages to provide shipping and billing information. Now they just click the ‘Buy with Google Wallet’ button, log into Google Wallet and click to complete your order. Consumers can also view credit and debit cards, shipping addresses and transaction history conveniently in one place at wallet.google.com/manage and set a default card for future purchases on your Google Wallet account, making future transactions even faster.

Visa Transactions Processed Up 2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa posted their fiscal fourth quarter (3Q/12) net income of $1.7 billion and adjusted net income of $1.0 billion for a net income of $627 million. Meanwhile, net income for the full-year 2012 was $4.2 billion, an increase of 19% over the prior year. Payments volume growth, on a constant dollar…

epay Unveils Gift Card Center

epay prepaid and payments processor launch its epay Gift Card Center for retailers. Featuring over two dozen national brands, including a blend of “mall” cards and online/catalog gift cards, retail stores benefit from opportunities for additional sales and solidify their role as a “one-stop-shop.” Gift card issuing merchants benefit from epay’s large national distribution network of over 50,000 retail locations and low cost of entry into the gift card space. The epay Gift Card Center appeals to a wide audience because of its variety of cards, including epay’s Visa® gift card, which can be used everywhere Visa debit cards are accepted; merchant gift cards such as Columbia Sportswear, Overstock.com, Omaha Steaks®, Great Clips, Showcase Cinemas, Regal Entertainment Group, Elektra de Mexico and Coldwater Creek; and content such as epay Dining Deals, an online portal with access to nationwide coupons for both restaurants and grocery.

Gemalto Exec to Serve on the Identity Ecosystem Steering Group

Gemalto digital security announced its Senior VP, Government Programs, Mr. Neville Pattinson, was appointed to the Identity Ecosystem Steering Group (IDESG) Management Council formed recently by the National Strategy for Trusted Identities in Cyberspace (NSTIC). Pattinson is an expert having been involved in planning and implementing several U.S. e-Government initiatives. He has also served as Technical Chairman of the Smart Card Alliance (SCA) and Vice-Chairman of the SCA’s Identity Council and joins 13 other delegates from global organizations with each of the experts serving a range of perspectives. NSTIC, tasked to improve security in cyberspace and e-commerce, formed the steering group to develop and administer the process for policy and technical standards development for the Identity Ecosystem Framework.

Trustmark National Bank Implements Fiserv Check Capture

Fiserv announced Trustmark National Bank will implement its Central Source Capture web-based check capture and processing solution. This represents a significant investment, one that will enable the organization to replace its current, paper-based check processing system with a modern solution. The multi-year agreement expands a strong, long-term relationship between Fiserv and Trustmark, which Trustmark cites as one of the key reasons for selecting Central Source Capture. Trustmark and Fiserv worked together to identify a phased implementation approach. The first phase included deploying a centralized database for branch capture and placing image-enabled ATMs throughout Trustmark’s branch system. The second phase will encompass replacing legacy check processing and cash lettering systems and eliminating sort patterns from legacy systems. During the third phase, the legacy image exchange and external duplicate detection systems will be replaced.

TSYS Executive to Speak at North American Conference

TSYS announced its director of business development for Commercial Card Services, has been chosen to participate in Commercial Payments International’s “The North American Middle Market Conference 2012,” on November 8, 2012. The theme of the one-day event is “Seize the Massive Opportunity.” He will present in a session entitled, “AP Automation in the Middle Market: Exploring Challenges and Opportunities,” discussing best practices for increasing your commercial card volume without increasing your exposure to risk, and structuring your e-payables program to maximize revenues in a competitive environment.

Western Union 3Q/12 Up 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted its 3Q/12 revenue of $1.4 billion, up 1% from the year ago period, while year-to-date cash provided by operating activities of $860 million, including the impact of tax payments of approximately $90 million. Sequentially, Western Union is implementing strategic actions in consumer value proposition, digital channels, and cost…