Los Angeles Firemen’s Credit Union (LAFCU) upgraded its mbanking app to accept mobile deposits, offering access to convenience tools. This allows users to check account balances and history; transfer funds; make bill payments; and find ATMs. Clients now can also deposit checks by taking a picture of the check with an iPhone or Android device for immediate access, without having to take time out of their busy schedules to drive to a branch or ATM.
Datacard Group secure ID and card personalization solutions made available its Datacard “CR500” instant issuance system, expanding Datacard Group’s portfolio of end-to-end financial instant issuance solutions. This allows banks, credit unions, retailers and service bureaus to print ready-to-use, flat financial cards on demand. The system, which offers enhanced encoding capabilities as well as superior image quality with retransfer print technology, turns blank white stock into highly customized, ready-to-use permanent payment cards instantly. It can print up to three different card types including credit, debit or ATM cards. It is also integrated with the patented Datacard® CardWizard® issuance software, which transfers all cardholder personalization data fully encrypted to the CR500 system.
After introducing an e-receipt option at its ATMs, Wells Fargo & Company announced customers used its service more than 100 million times. Wells Fargo Online Banking customers have the choice to either have an ATM receipt sent to an Online Banking inbox or to a designated personal e-mail account, used by 12% of bank ATM customers. E-receipts offer customers a convenient option to keep track of their transaction receipts in one place. Customers can set e-receipts as their preferred way to receive their ATM receipts making the transaction quicker and more convenient.
PayAnywhere mPOS solutions deployed its newest version of its solution for iPhone, iPad and iPod touch, featuring boosted performance, enhanced Heat Map features and the ability to process hassle-free refunds. This is in addition to the existing landscape mode, the ability to add a custom tip at check out, and compatibility with cash drawers and AirPrint or Star thermal printers. The boost includes a reorganized menu and better detection for Star printers equal an overall performance boost for the app; enhanced Heat Maps for zoom in and out on regions of individual or grouped transactions; and a merged tip/signature screen. PayAnywhere now allows merchants more flexibility to issue refunds for specific items or to adjust the price on particular items from directly within the app.
TSYS Healthcare signed an agreement to provide benefit card processing and other services to Acclaris, furnishing solutions for consumer-driven healthcare offerings, flexible spending accounts and other reimbursement account administration for health plans, third-party administrators, outsourced human resource organizations and banks. TSYS Healthcare will bring to the partnership processing capabilities that enable advanced card functionality.
[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 11.2% in May since the year ago figure, it was down again in June by 5.1%, according to the Federal Reserve. Down from the May figure of $870.2 billion to $864.6 billion, outstanding revolving US consumer credit compares to the year…
WePay online payment acceptance is now offering lower pricing and the ability for partners to completely control the checkout experience. Now pricing of 2.9% + $.30 (formerly 3.5%) with no set up, monthly or hidden fees, WePay offers tokenization security with no iFrames or redirects and step-by-step integration to allow developers to integrate WePay quickly and with minimal effort. WePay’s credit card tokenization feature now allows partners to take advantage of its technology and customer support while also controlling the payment experience.
The International Swaps and Derivatives Association announced the launch of the August 2012 Dodd-Frank Protocol. Designed to allow swap market participants to simultaneously amend multiple ISDA Master Agreements for compliance with Dodd-Frank regulatory requirements, the ‘protocal’ consists of a series of amendments to existing documentation, as well as standardized questionnaires that must be completed by counterparties to satisfy new regulations, and is open to ISDA members and non-members alike.
VSoft is now a member of the Viewpointe network for exchange services, benefiting both organizations with an expanding network of exchange partners. This also provides VSoft clients with access to a fully integrated and seamless clearing and settlement solution with Viewpointe Clearing, Settlement & Association Services (VPCS&AS) rules coverage, common business practices through a single multilateral agreement, and settlement using a National Settlement System. The partnership includes Pointe2Pointe for image exchange services; National Settlement System (NSS) for Internet-based net settlement system; and Association Services, providing education and support for all payments network participants. VSoft is able to consolidate its clients’ exchange activity through a dedicated channel, thereby eliminating the need to establish a complex structure of partnerships and connections with each individual financial institution.
Compass Plus retail banking software and electronic payments system is set to present its “TranzAxis” platform at FinovateFall 2012 on Sept. 12 and 13. The “TranzAxis” platform provides a full set of application development tools (builders, designers, editors, debuggers, etc.), as well as a set of specialist components that assist in implementing more diverse applications in a given domain. TranzAxis is easily scalable to benefit institutions of any size that face continuously changing business requirements and provides efficiency, flexibility, faster product deployment and cost savings.
Open Solutions announced its DNA core processing platform has won the Technology, User Experience, and Alliance Core Banking Awards from Aite Group. DNA won the most awards of any core platform mentioned in the report – including systems from Fiserv, FIS, Jack Henry and Harland – demonstrating how DNA is a dramatically different core banking platform.
Virtual Piggy online youth purchasing appointed Sela Ward to their Board of Advisors, an Emmy and Golden Globe award-winning American movie and television actress. Encouraging children empowered to manage their financials within reasonable limits set by the parents, Sela is an advocate of Virtual Piggy and how it helps children learn how to spend wisely, save for the future, and even donate to charity within a secure and controlled environment. Her appointment was thanks in part to her perspective on the market Virtual Piggy can reach and help refine our product and messaging.