Gemalto digital security announced “la Caixa” retail banks is deploying its “Optelio” contactless EMV cards for the country’s first large scale deployment of contactless payment. Gemalto is providing full set of personalization and production services at Gemalto’s local facility to support “la Caixa’s” strategy to roll out one million contactless cards in Barcelona by the end of 2012. This allows customers to experience the speed and convenience of contactless transactions – waving or tapping the card at the reader – for small purchases up to €20, while a PIN code will also be used to authorize higher value transactions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless technology for secure identification, payment and transaction processing technologies on secure ID, NFC, payment and loyalty applications posted 1Q/12 revenue up 5% to $12.6 million from the year ago figure of $12.0 million. Additional disclosures indicate operating cash flow up $0.5 million from ($0.8) million in 1Q/11;…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control…
Western Union global payments and Right Choice Money Services, a wholly owned subsidiary of Redstone FCU, announced an agreement for Right Choice Money Services to offer its customers Western Union global money transfer and online money transfer services. Right Choice Money Services customers can now send and receive domestic or international money transfers with funds accessible for pay out at more than 500,000 Western Union Agent locations in more than 200 countries and territories.
Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.
Discover and Ducks Unlimited partnered to launch an affinity credit card designed to offer U.S. members of Ducks Unlimited Discover card benefits, which is now the official credit card of Ducks Unlimited. The Ducks Unlimited Discover card features Discover’s generous flagship cash rewards program, which also gives access to ShopDiscover, a popular online shopping portal offering 5%-20% Cashback Bonus on purchases at more than 200 online retailers. Discover also has added Ducks Unlimited to its list of charitable partners, which allows for Discover cardmembers to donate their Cashback Bonus to the organization in support of wetland conservation.
Merchant Link payment gateway and data security solutions has named Geoffrey Krieg VP, product management. Having joined Merchant Link in 2003 as the Director of Service Delivery, Krieg returns to the company after spending four years abroad consulting with European e-commerce merchants. He brings over 20 years’ experience in the payments sector after having begun his career with the Bank of Boulder, as Division Officer responsible for growing the bank’s ISO program, and time with Visa International and CIAN Systems.
BillingTree on-demand payment processor announced David Roberts has been appointed its President and CEO while Scott McCollum will continue as BillingTree’s Chairman of the Board. Roberts will focus on the next stage of growth. Previously he was a Managing Director with Bank of America Merrill Lynch where he led the Equity Plan Services business and President and CEO of Equity Methods, a provider of software and services.
Western Union partnered Veridian Credit Union to offer Veridian customers its global money-transfer and expedited bill payment services across all Veridian Credit Union’s 26 branches in Iowa. Veridian Credit Union members will now have the ability to send and receive domestic or international money transfers with funds accessible for pay-out at more than 500,000 Western Union Agent locations in more than 200 countries and territories, and make urgent payments conveniently and quickly to an extensive biller network.
BOKU online mobile payments is now an approved carrier-billing gateway for the T-Mobile’s “Mall” digital storefront. This allows T-Mobile’s app and game developers to accept in-app payments from T-Mobile’s 34 million subscribers. Applications and games will be distributed and marketed through the T-Mobile Mall, and transactions completed using BOKU will be billed directly to a subscriber’s carrier bill. Game developers increase consumer conversion and expand their global customer reach simply by dropping the BOKU Android SDK into their application. BOKU’s highly developed technology that’s integrated across over 60 countries and hundreds of carriers handles everything from localization to payment authorization. With this agreement T-Mobile customers will be able to access the T-Mobile Mall’s portfolio of games and use mobile payments to purchase a wide variety of in-app content within downloaded apps, including virtual goods found in online games from publishers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv, a leading global provider of financial services technology solutions, announced that its Risk OfficeSM credit, debit and prepaid card investigative and consultative service experienced a 56 percent increase in new clients in 2011. Within the first year of enrollment, certain financial institutions that utilize Risk Office have seen their dollar…
To assist financial institutions undergoing a card-processing contract renewal, The Members Group (TMG) has issued a white paper with important questions card managers may want to ask of their teams. Stressing the importance of several qualities TMG deems important to the financial institution-processor partnership, the paper recommends card teams discuss at least one year prior to renewing a processor contract are unique cardholders being taken into consideration or does the processor apply a one-size-fits-all philosophy to our business?; How much control of our card programs do we want, and can the processor flex to meet our specific requirements?; and Does our team have the expertise to manage regulatory changes, and if not, can we rely on the processor for assistance?