NCR Corporation announced that Central Bank, which services Provo, Utah and the surrounding communities, will deploy 10 NCR SelfServ ATMs to revamp its ATM network. The new ATMs include NCR’s Scalable Deposit Module (SDM) technology, and replace older machines including some from a competing manufacturer. NCR’s Scalable Deposit Module (SDM) is the only ATM technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. The NCR SelfServ ATMs deployed by Central Bank are designed to meet customer demands for fast, convenient service. NCR’s SDM is the only technology on the market that allows consumers to deposit both cash and checks simultaneously, in any orientation, through a single slot. SDM enables consumers to make a deposit at twice the speed of using a regular ATM.
Elavon payment solutions provider announced its “SAFE-T” Suite security solution now includes support for EMV, providing businesses that process and store cardholder data with greater security for payment transactions. The “SAFE-T” Suite helps businesses protect card data at every step of the transaction process: when it is in use, in transit, or at rest. EMV terminals read advanced algorithms contained on Chip cards to authenticate that the card is not a counterfeit. Point-to-point encryption secures the data from the time a card is presented and as it travels across the payment processing networks. Tokenization replaces actual card data with a unique identifier to protect data at rest in a merchant’s environment, while still allowing it to be used for subsequent business purposes. For any business that processes card-on-file transactions, has a loyalty program, or needs data for customer analytics, SAFE-T Suite offers added peace of mind. It allows for these processes to continue without the risk of exposing actual card data, while making the tokenized data available for future use.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Cashplus Prepaid Card, offered by Advanced Payment Solutions (APS), has won ‘Best Payroll Prepaid Card’, ‘Best Unbanked Prepaid Card’, and ‘Best Basic Bank Account with Prepaid Card’ at the Prepaid365 Awards 2012. There were over 340,000 consumer votes and 86 entrants for this year’s Awards. The votes show just how…
VSoft process improvement solutions for financial institutions, announced R.I.A. Federal Credit Union has selected its branch item capture and image exchange solutions. R.I.A. Federal Credit Union chose to deploy VSoft’s branch item capture solution as an outsourced model, which enables a seamless transition of its check processing to VSoft’s data center, VServe. The solution gives the credit union the ability to capture deposits in the back office, streamlining processes and reducing internal expenses. The credit union will also benefit from VSoft’s branch item capture, inclearings/shared drafts, out returns, archive/research and cash lettering services.
USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, tissued the following statement regarding James W. Stuckert’s “endorsement” publicized by S.A.V.E.: In a testament to the S.A.V.E. group’s desperation, in a June 25, 2012, announcement regarding James Stuckert’s supposed “endorsement,” Mr. Stuckert was positioned as an independent shareholder. However, Stuckert is in fact a member of S.A.V.E. and any “endorsement” from him brings new meaning to the term “self-serving.”
Novo Dia Group, a software development firm specialized in the health and human services industry, announced that 325 iPod touch devices with the Mobile Market+ point-of sale (POS) application have been deployed at 26 farmers markets in Michigan, enabling participating vendors to accept several types of benefits cards, including the Supplemental Nutrition Assistance Program (SNAP), Women, Infants and Children (WIC), Electronic Benefits Transfer Cash Value Benefits (WIC EBT CVB), Farmers Market Nutrition Program (FMNP), and Summer EBT for Children (SEBTC). Additionally, vendors can process debit and credit card transactions with the same device, providing even more sales opportunities with no extra hardware investment. This effort is part of an initiative, making fresh produce, from farmers markets, more readily available to low-income families.
Isle of Wight Festival goers will will experience the benefits of automatically topping up their contactless prepaid MasterCard PayPass wristbands and also using them to access the event. Now, 13,000 ticket holders will receive PayPass wristbands before they come to the event, making entry to the site and grabbing a bite to eat even easier, using Radio Frequency Identification (RFID) technology. Data is transferred safely and securely from the tag attached to the wristband to the contactless readers installed in many locations around the festival. For purchases of GBP20 or less, all users have to do is simply tap their PayPass wristband on the reader, removing the need to dip a card, enter a PIN or provide a signature.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions announced for the quarter ending June 30th projected total revenue of approximately $8.0 million, compared to $6.9 million in the year ago period. Meanwhile, transaction fees are expected to total $6.4 million, an increase of approximately 27% from 4Q/11 and recurring revenues…
American Express has launched its “PAYVE” digital payment service, allowing large and mid-size companies to centralize the processing of multiple payment methods through a single, easy-to-use electronic platform. Payment methods include check, ACH, international wire and American Express’s web-based payment solution, Buyer Initiated Payments (BIP) allowing companies to improve working capital and cash flow management while streamlining accounts payable (AP) processes. The “PAYVE” solution allows companies to consolidate payments through a single platform to increase control, efficiency and transparency of their payables and accelerate their migration from paper check to electronic payments to reduce costs and make their accounts payable process more efficient. Clients simply send a file to American Express that can include instructions for multiple vendors and various payment methods. American Express will then direct payments to each supplier using the designated method – check, ACH, international wire or BIP.
Bluepoint Solutions RDC, item processing and enterprise content management solutions appointed Robert Loughrey, chief technology officer (CTO) to oversee Bluepoint’s product development, quality assurance, professional services and customer support. Bringing with him more than 25 years of experience managing research and product development initiatives, Loughrey is a proven manager of both projects and people, his vision will play a key role in Bluepoint’s continued expansion into bank and credit union markets, as well as the development of new channel partnerships. He was also the senior program manager of PatientSafe Solutions, where he led three major software releases within 15 months and a group engineering manager at Intuit, where he implemented Agile development methodologies like Scrum, which allowed for the quick development and delivery of two leading-edge products.
Digital River enhanced its Digital River World Payments solution to include cloud-based subscription billing, allowing merchants to increase recurring revenue across global markets as well as optimize the entire payment lifecycle from subscription initiation through the commerce transaction and payment. Digital River has offered subscriptions as part of its Global Commerce™ enterprise solution for more than a decade and is now extending that deep experience to the Digital River World Payments solution. The new integrated offering provides merchants access to both global online payment processing and a cloud-based subscription billing service via a single solution, a unique differentiator among competitive subscription solutions. It offers compliance management for subscriptions; customizable billing models; and support during pre-and post-transaction stages.
Mako Networks network management and security company is now certified for a third consecutive year as compliant with the PCI DSS. Having met the more than 200 requirements of the PCI DSS, Mako was the first network management company in the world to pass the rigorous audit process in 2010, the highest security clearance attainable for protecting credit card data. The audit culminates in an annual worldwide Report on Compliance (RoC), issued for 2012 by Verizon Business, which attests to the overall security of Mako’s solutions, including a cloud-based Central Management System, and network appliances installed at customer locations. Merchants that use the Mako System to protect their payment card data can apply the Mako RoC in their own annual audits, drastically reducing the scope and number of technical questions they’re required to complete.