Ingenico expanded its bankcard team with the addition of Rhonda Boardman as VP, Bankcard Sales, Western U.S. Boardman is a senior sales executive with over 20 years of experience in the electronic payments industry gained with TSYS and a global POS manufacturer where she was responsible for driving product and solutions strategies for Point of Service initiatives throughout the organization. Meanwhile, Alan Forgione joined Ingenico as VP, Bankcard Sales, Eastern U.S., bringing with him over 27 years’ experience. Most recently with ACI Worldwide, where he was in charge of sales of frontend, backend and risk management software solutions to acquirers. His other employers include companies, such as United Cash Solutions where he served as President for United Bank Card, and CardSystems. Also, Forgione has served as President of Northeast Acquirers Association for over 10 years.
The Panasonic “Stingray Envo POS” workstation (JS-960) is now certified by CKE Restaurants and has met the rigorous certification standards set forth by CKE. The “Stingray Envo” is designed to increase efficiency by enabling self-service and can be mounted in virtually any configuration to work seamlessly in any restaurant environment. Envo is built to withstand the daily wear of the restaurant environment, passing rigorous factory testing and featuring an aluminum alloy chassis to ensure reliability and dependability throughout the life of the device.
FIS banking and payments launched its “PayNet” real-time payments network for domestic and international money movement. Addressing the growing demand for real-time global money movement, “PayNet” is designed to provide real-time access to deposit accounts for instant authorization of transactions. It’s a non-card-based solution for E-commerce, person-to-person (P2P), bill pay, mobile and international money movement that leverages FIS’ network assets for real-time account access, settlement between parties, interchange processing, multi-currency conversion and exception processing. PayNet includes items such as the right to cancel a transaction up to 30 minutes after transmission and full fee disclosure at the point and time of origination.
The Chicago Transit Authority (CTA) and Pace unveiled Ventra, a new fare payment system that will provide CTA and Pace customers with a new and more convenient way to pay for train and bus rides. Ventra will be available in summer 2013, and will allow customers to pay for rides with the same payment method they use for everyday purchases. Customers can choose from the following contactless payment methods: Ventra Cards, Ventra Tickets for single-ride and 1-day passes, and personal bank-issued debit and credit cards equipped with a contactless chip. Customers will simply “tap” their contactless payment card to quickly board trains and buses, which will be faster than inserting cash or magnetic-stripe cards into fare equipment, which will speed boarding and improve service.
VeriFone Systems will now provide advertisers and marketers promotional capabilities with on-demand coupons at the pump and transaction-specific promotions at the c-store checkout counter. Couponing is the newest addition to the VeriFone Digital Network (VNET), enhancing its ability to deliver digital media to consumers at the point of payment. VeriFone is rolling out couponing to its PAYMEDIA customers on its media networks, VNET | At the Pump and VNET | In Store are being demonstrated along with other VeriFone payment-enabled media solutions. VNET delivers short-form video and digital coupons to eye-level, in-pump displays, engaging consumers actively involved in a purchase.
Heartland Payment Systems has delivered more than $262,000,000 in signature debit savings to its merchant customers throughout the United States. Restaurant merchants received more than $75,000,000, lodging merchants received nearly $10,000,000, retail merchants received almost $30,000,000 and petroleum/c-store merchants received more than $55,000,000. The Durbin Amendment, part of the Dodd-Frank Wall Street Reform Act, caps debit card interchange rates for issuing banks with more than $10 billion in assets at 21 cents per transaction, plus one cent for issuers with an effective fraud prevention system, and 0.05% of the volume of transaction.
Bluepoint Solutions announced that Mountain America Credit Union (MACU) has processed more than 100,000 mobile transactions on its “QwikDeposit ToGo” mobile RDC application in 2011. This equates to nearly $36.5 million in deposits. MACU has $3.2 billion in assets and serves more than 355,000 members through 69 locations in Utah, Idaho, Nevada, Arizona and New Mexico.
TransCentra billing and payment software and services announced its RDC product is now available via a software-as-a-service delivery model to integrate with Mobile Deposit and eCapture scanning solutions. This can eliminate lengthy implementation and software maintenance processes, therefore decreasing up-front and overall costs. RDC customers can scan and capture document images more quickly with confidence that the process for handling payments is secure. A unique aspect of the eCapture solution is its co-mingled scanning functionality, which allows for multiple document types (such as checks, customer forms, check skirts and remittance documents) to be scanned together in one batch versus the traditional practice of separating each batch type prior to scanning.
MoneyGram money transfer company and Walmart forged a three-year agreement providing MoneyGram money transfers, bill payment and money orders at all Walmart stores in the U.S. and Puerto Rico. Under the terms of the agreement, MoneyGram is the preferred provider of money transfers at Walmart, continuing a 13-year relationship. The contract is effective April 1, 2013.
VeriFone Systems announced that Wenda Harris Millard, president and chief operating officer of MediaLink LLC, was named to VeriFone’s board of directors. Millard was a key driver at DoubleClick, Ziff Davis, Yahoo!, and Martha Stewart Living Omnimedia before assuming her current role with MediaLink, an advisory firm that provides critical counsel and strategic direction to the media, marketing, advertising, entertainment and technology industries. She also sits on the board at True North, Martha Stewart Living Omnimedia, Context Web and, currently, Millennial Media.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%, according to the Federal Reserve. Meanwhile, average credit card APRs have demonstrated the greatest discrepancy since its year ago figure in months. After peaking at well…
Bluepoint Solutions and CFC Technology forged a partnership to offer mobile check capture and consumer in-home check capture to community banks and credit unions. CFC Technology will add Bluepoint’s QwikDeposit ToGo and QwikDeposit Home remote deposit capture solutions to its current product portfolio. Bluepoint’s QwikDeposit ToGo allows smartphone users to take photos of their checks with their mobile phone and deposit those checks to their checking or savings account. Smartphone users simply download the application provided by their financial institution to their mobile device and follow the app’s step-by-step deposit instructions. CFC will offer QwikDeposit ToGo as both an integrated or as a standalone solution.