TMG Issues White Paper to Bank Evaluating Card-Processing Partners

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?

Momentum Payment Systems Mobilizes iPad Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In a fast-paced society it’s crucial for small business owners to keep up with the demanding traffic of their customers anytime and anywhere. It’s even more important to have an electronic payment processor that is able to provide secure credit card transactions on-the-go. Momentum Payment Systems introduces the ultimate business solution…

TSYS to Present at Stephens Spring Investment Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Philip W. Tomlinson, chairman of the board and chief executive officer of TSYS, will be presenting at the Stephens Spring Investment Conference in New York City on Wednesday, June 6, at 10:00 a.m. EDT. Interested persons may listen to this presentation via a simultaneous Internet broadcast at www.tsys.com by clicking on…

Bell Mobility Launches mBusiness Solutions through Econz Wireless

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Econz Wireless – Leaders is mobile time and attendance, announced today a new business partnership that will enable Bell Mobility customers the benefits of streamlining their businesses with cost effective, easy to use, mobile time and attendance and job dispatch solutions. Bell Mobility recently launched their next generation mobile Push-to-talk service…

Wilson Electronics Inks Distribution Agreement with Progressive Concepts PCI Wholesale

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Teletouch Communications, a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, announced that St. George, Utah-based Wilson Electronics, the leading North American manufacturer of cellular signal boosters, including the world’s first 4G mobile signal booster, recently signed a new agreement appointing Teletouch’s wholly-owned subsidiary, Progressive Concepts, Inc.…

Helena Chemical Implements Kofax Payable Automation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Kofax, a leading provider of capture enabled business process management (BPM) solutions, announced that Helena Chemical Company, a leading distributor of crop protection and production products and services, has selected Kofax for its accounts payable automation solution. The value of the contract to Kofax exceeds $440,000. Helena Chemical, which distributes its…

WorldPay Launches RFI and Chargeback Management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WorldPay, the global leader in payment processing, risk and alternative payments has launched Dispute Management System (DMS), a pioneering technology that automates the monitoring and processing of Requests for Information (RFI) and chargebacks, saving merchants considerable time and resource. DMS is a secure chargeback management platform that allows merchants to respond…

Card APRs Up Slightly Throughout Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card APRs have leveled off from previous months and are currently creeping up, from 14.91% at the end of April to 14.94. Peaking at well over 15% following the holiday shopping season, credit card interest rates plummeted briefly to 14.85% around the beginning of March before rocketing past 15%. Throughout…

VeriFone Releases Cash Flow Data

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems, is providing additional detailed cash flow data and information to address recent topics raised by investors regarding VeriFone’s reported cash flow for the six months ending April 30, 2012. It is VeriFone’s general policy to respond to investor concerns as quickly as possible by updating or providing additional financial…

Fico Appoints Capital Management Practice Head

Fico analytics and decision management technology has hired Nicola Pearce to lead the company’s initiatives around capital management and banking regulations in Europe, the Middle East and Africa (EMEA). Pearce is a senior risk professional with more than 10 years of risk management consulting experience with major financial services providers and consulting firms. Prior to joining FICO, Pearce led Moody’s Analytics consulting practice across EMEA, where her team built Basel models and undertook independent credit assessments and benchmarking, process reviews, and default rate reviews. She holds a Bachelor’s degree in Chemistry and a Master’s degree in Instrumental and Analytical Methods Biological and Environmental Chemistry from the University of Warwick.

MasterCard Strngthens Effort to Boost US EMV Migration

MasterCard has proposed the formation of a cross-industry group designed to promote collaboration and alignment between networks, issuers, merchants, manufacturers and other groups in the implementation of EMV technology in the United States. The group would focus on providing guidance on non-proprietary technical issues, standardizing the consumer experience, and creating a set of common terms, descriptions and guidelines for EMV-enabled devices and terminals.MasterCard emphasized the need for industry alignment regarding the implementation of EMV standards, as well as introducing the need for securing all channels including the ATM.

Genpact and Ariba Partner on Procure-to-Pay Solution

Genpact Limited business process and technology management and Ariba commerce network expanded their alliance beyond invoice solutions to encompass the full suite of Ariba’s cloud-based collaborative business commerce solutions into Genpact’s source-to-pay offering. Genpact will combine Ariba’s solutions with its comprehensive service offerings to create a new turnkey offering that will enable medium to large enterprises to improve their visibility into the procurement process and drive greater cost savings. The news came during Ariba LIVE Barcelona, the business commerce event of the year. The joint solution will provide clients with access to all aspects of the Ariba Collaborative Commerce Platform including cloud-based applications; a community of partners; and
Capabilities in the form of best practices and community-derived intelligence.