Dynamics Launches Triple-Interface Device at Finovate

Dynamics next-generation payment cards launched its “Triple Interface” next-generation payment device at Finovate, creating a central platform for all three primary payment technologies on a single piece of plastic in a re-writeable format. For magnetic stripe readers, a card-programmable magnetic stripe – Dynamics’ proprietary Electronic Stripe™ – is included, which can re-write any bit of the magnetic stripe at any time. For EMV contact readers, a card-programmable chip – Dynamics’ proprietary Chip and Choice™ product – is included, which can re-write a contact chip profile at any time. A card-programmable contactless chip – Dynamics’ proprietary Chip and Choice™ contactless product – is included, which can re-write a contactless chip profile at any time.

Same Store Card Spending Up 7.2% in August Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The First Data August “SpendTrend” analysis shows same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations overall dollar volume growth was up 7.2% since the year ago figure, the largest increase since March 2012. Transaction growth increased 6.5%, also a five-month…

Chase Allows Business Customers to Expand Online

Chase launched its annual Business Insight Seminar Series (#ChaseBIS) this week to help Chase Business Banking clients expand their online and social media presence. Innovations from Chase provide businesses with solutions to meet their needs, save time and grow. Chase QuickDepositsm is a remote deposit solution for businesses to make deposits without a trip to the bank. Chase Mobilesm for Business helps manage finances with quick text updates about account balances and do things like pay bills or transfer funds. Instant Storefront is an all-inclusive e-commerce solution provided through Chase Paymentech.

71% Of Parents Value Job Potential Over Major Choice

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A Discover survey of parents with college-bound teens shows 81% believe college is very important to their child’s future and 70% say that earning potential is more or about as important than choosing a major. Another 21 percent of parents did not think income potential was more important than a major.…

Fico Acquires Adeptra for $115mm

FICO has completed its acquisition of Adeptra cloud-based customer engagement and risk intervention solutions for an all-cash purchase price of approximately $115 million. Adeptra’s SaaS (software as a service) platform enables leading financial services institutions and other businesses to take advantage of the explosion in mobile communication in order to manage risk, fight fraud and dramatically improve the customer experience, all in real time. By using Adeptra’s technology combined with FICO’s decision management applications, businesses can move seamlessly from defining, changing and testing decisions to executing and resolving customer interactions while improving customer outcomes.

Fiserv Launches mPayment Solution

Fiserv financial services technology introduced its “SpotPay”mobile card reader solution for financial institutions to offer to their small business customers. This allows merchants to accept card and check payments anywhere, anytime, swiping payment cards with their mobile device to. It offers merchants the ability to deposit checks using the mobile remote deposit capture feature from Fiserv that allows users to securely take a picture of the front and back of a check and deposit the item electronically. Now available to financial institutions that are part of the ACCEL/Exchange® payments network, they can offer “SpotPay” to their small business and merchant customers as a way to provide them with a secure, convenient and low-cost solution to collect credit and debit card payments as well as to remotely deposit checks. The solution has strong fraud prevention tools and makes card transactions easy to accept with security designed to decline counterfeit cards.

Visa Launches Targeted NFL Fan Offers Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In conjunction with the 2012-2013 NFL season opener, Visa launched its “NFL Fan Offers” program. Using real-time communications to give enrolled Visa cardholders a chance to win exclusive NFL-related experiences as well as receive valuable merchant offers, the program is a central component to Visa’s “Make it Epic” NFL sponsorship, which…

Collis Now MasterCard Qualified

The latest CPV version 5.5 module in the Collis EMV Personalization Validation Tool (PVT) has been qualified by MasterCard Worldwide. Professional testing of personalized MasterCard EMV/PayPass cards is essential to ensure global acceptance of cards. Collis’ newly developed CPV module checks if MasterCard cards are correctly personalized according to the latest MasterCard specifications. The new MasterCard CPV 5.5 module ensures compliance with M/Chip Requirements 29 June 2011; M/Chip Personalization Data Specifications and Profiles 21 December 2011; PayPass Personalization Data Specifications, Version 1.7 – December 2011; M/Chip Card Personalization Standard Profiles 23 March 2012; M/Chip Card Personalization Standard Profiles Including PayPass 23 March 2012; and MasterCard EMV Combo Card Requirements July 2010.

MasterCard Extends U.S. EMV Migration for ATMs

MasterCard expanded its U.S. electronic payments roadmap to include the ATM channel. Beginning in October 2016, a liability shift will be introduced for ATM transactions in the U.S., as part of an effort to globally align the use of EMV technology to prevent and manage fraud in the payments ecosystem, and apply to all MasterCard-branded products across all transactions initiated at U.S. ATMs. MasterCard was part of the original group that created the EMV standard and has supported the successful migration to EMV-based payments in every major market globally to date. The company’s continued investment in advancing these infrastructure standards has provided insights and expertise to guide the industry in advancing payments security and convenience.

Fiserv Launches Instant Payment Card Issuance

Fiserv financial services technology solutions added instant credit and debit card issuance services to its central issuance business, allowing clients to provide consumers a plastic Visa or MasterCard branded payment card upon new account opening or replacement. Instant issue cards from Fiserv can be delivered using temporary secure vault cards to provide all the benefits of instant issuance without an investment in hardware and software or using permanent Instant Issue cards for financial institutions interested in issuing permanent, personalized cards in the branch. Fiserv provides a seamless connection between its central issuance bureau and instant issuance solutions deployed at financial institutions. Via that connection, data from every instantly issued card is stored, greatly simplifying the card replacement or reissuance process.

Kony Launches Improved Mobile Retail App

Kony Solutions mobile and multi-channel application platform provider introduced a new version of its “Kony Mobile Retail” packaged mobile solution. At the Shop.org show, where the solution was introduced, Kony’s Chief Mobile Officer will partake in a “Masters of Mobile” panel discussion on the connection between retailers and consumers. Kony Mobile Retail was designed for both online and brick-and-mortar retailers. New features allow customers to browse entire product catalogs, use store locators, shopping carts, gift registries, and loyalty cards. It is also configurable with web-based interface lets marketers and developers create personalized and individually-branded mobile experiences, modify look-and-feel, enable and disable features, and re-organize menus – all without any coding and extended to support business-specific applications and requirements, such as third-party solutions or a retailer’s own custom-built modules.