NCR Corporation has made available its “NCR Silver” and on the Apple App Store. The “NCR Silver” platform is a simple and affordable cloud-based POS software platform that enables small business owners and entrepreneurs to take payments and manage their entire business with one POS solution, changing the way small business owners manage their business. It operates on Apple devices like the iPad, iPhone and iPod Touch. The “NCR Silver” analytics allow small businesses owners to track inventory and transactions, see profit margins and manage other key business information. With its cloud-based interface, this information can be accessed from any computer with internet access. It operates like a traditional POS system when combined with a credit card reader, iPad stand, wireless receipt printer and wireless cash drawer. The Apple device running NCR Silver can also be taken around the store to take payments or offer more intimate customer service or outside the store to sell at remote locations like farmers’ markets and street fairs.
Fiserv announced Tech Credit Union selected its “XP2” account processing platform for its advanced technology and functionality to support its goals for increasing operational efficiency and enhancing member-service. The “XP2” account processing platform from Fiserv features a Microsoft .NET architecture that is open at every tier and a member-centric design backed by an IBM® DB2 relational database. With scalable technology and established interfaces to a broad range of enterprise solutions, XP2 supports credit unions’ growth and drives operational efficiency. The credit union will also take advantage of the Integrated DesktopSM feature from Fiserv, which delivers tight integration between XP2 and its existing debit card processing solution from Fiserv to deliver more immediate access to member profiles and enhanced service capabilities.
After introducing its comprehensive PCI Compliance as a Service platform, ControlCase is now authorized as a Qualified Security Assessor (QSA) for the newest PCI Point-to-Point Encryption (P2PE) standards. These newest standards ensure card holder data is encrypted at the very first POS, be it a traditional retail terminal or a mobile payment application. The use of P2PE solutions may actually simplify a merchant’s annual PCI DSS compliance requirements.
National Payment Card Association (NPCA) www.nationalpaymentcard.com has been issued a third United States patent in the area of decoupled debit technology. This most recent patent is in the rapidly emerging mobile payments area. “Decoupled debit” payment methods refer to situations in which a US checking account holder from any bank or credit union is able to accomplish an electronic payment without needing to use a card issued by the bank or credit union they have their checking or debit card with. The patent is United States Patent Number 8,205,791, titled “Payment System and Methods”. The patent contains 28 claims, including various independent claims for a consumer to fund a mobile wallet via an ACH payment method for the holder of a United States checking account with a financial institution to accomplish a purchase at a retail site.
SYSPRO enterprise resource planning (ERP) software for on-premise and cloud-based utilization launched its POS retailing solution, offering a variety of retailing management and market capabilities. The SYSPRO Point of Sale- built on single source code under-pinning SYSPRO’s powerful enterprise resource planning (ERP) software- contains more than a dozen new features/functions useful for managing everything from ordering, through inventory management and transit and on the front-end the transactions, daily/period cash-outs and card-based customer loyalty programs. SYSPRO Point of Sale is an ideal match for SYSPRO ERP companies that are improving their margins by cutting reliance on intermediary companies and managing the end-to-end manufacturing/distribution/retailing chain independently. It embeds intelligence into this complete cycle for retail oriented manufacturers and distributors for order entry; inventory management; and shipping/transit.
Presidio Bank is set to offer its clients IronKey “Trusted Access” to help prevent identity theft, online account takeover, and payments fraud. The “Trusted Access” platform allows the bank to meet and exceed the new Federal Financial Institutions Examinations Council (FFIEC) guidance, with which all financial institutions must comply in 2012 to reduce the risk of online banking fraud.
According to real-time research from SpyEye Tracker(1), today’s anti-malware software fails to detect crimeware at least 75 percent of time. The Anti-Phishing Working Group (APWG) estimates that 39 percent of all computers are infected with financial malware designed to steal personal and account information. As a result, online banking account takeovers are growing at a rate of 150 percent each year, based on research published by FS-ISAC (Financial Services Information Sharing and Analysis Center).
Green Dot Corporation has completed a key milestone related to its acquisition of Bonneville Bank, renaming it Green Dot Bank. Approximately six months after closing on this acquisition, Green Dot successfully completed a highly complex enterprise-wide integration project to facilitate the issuance of the Company’s suite of MasterCard and Visa prepaid debit card products from its own bank. Issuance of the first cards from Green Dot Bank began earlier this month.
MoneyGram International will announce its second quarter fiscal year 2012 financial results on Thursday, July 26, 2012. Pamela H. Patsley, chairman and chief executive officer, and Alex Holmes, executive vice president and chief financial officer, will host a conference call at 9 a.m. EDT to discuss the quarterly financial results. A news release detailing the results will be available prior to the call on MoneyGram’s website at moneygram.com.
Kuapay closed a $4 million round of funding with a private investor, which it intends to put towards further expansion into New York, Europe, and Asia. Expansion into Europe, Asia, and the Eastern Region of the United States is on the horizon and will consist of sales and support operations in New York, Madrid, and Hong Kong and will enable the company to offer its universal e-wallet to even more consumers globally. Kuapay is not founded by a major banking or retail entity, and therefore has the freedom to provide solutions across all card types and payment platforms.
U.S. Bank has introduced the U.S. Bank Cash+™ Visa Signature® Card that allows cardholders to choose the categories in which they will earn 5 percent and 2 percent cash back. With choice of categories and no earning limit, cardholders are in control of receiving the most cash back because they must choose their categories every quarter, allowing them to maximize their earning potential. In addition, U.S. Bank cardholders receive a $25 bonus if they redeem $100 at one time. With no minimum redemption, cardholders can select how much they want to redeem as well as how they would like to receive it. Redemption choices include a statement credit or a deposit in a U.S. Bank checking, savings or Money Market account. Cardholders can also select a U.S. Bank Rewards Card with a $20 minimum cash back redemption.
FIS banking and payments technology forged definitive agreement to sell its Healthcare Benefit Solutions business to Lightyear Capital for $335 million. The all-cash transaction is expected to close by the end of the third quarter of 2012, subject to required regulatory approvals and customary closing conditions. The sale includes FIS’ Consumer Driven Healthcare Solutions and Health and Financial Network Solutions, which provide benefits administration, multi-purse debit card and benefit account processing and payment fulfillment services to consumers, healthcare providers and payers. FIS will retain its state and federal government-sponsored electronic benefits transfer (EBT) businesses and programs which serve clients in more than 25 states.
Bill.com integrated bill payment, invoicing and cash management solutions for businesses announced the general availability of its powerful cash management feature that completes the Cash Flow Command and Control System. This new feature leverages Bill.com’s proprietary, cloud-based accounts payable and accounts receivable systems to deliver a more fluid method of cash flow management than ever before possible. Bill.com’s cash flow system is the only solution that connects user’s banks, books and business, enabling companies of all sizes to finally rid themselves of the cumbersome, error-prone and highly manual spreadsheets that have plagued finance for decades.