TCF National Bank is the latest to throw their hat in the ring against the Durbin Amendment. The Bank filed legal briefs in South Dakota Federal court in conjunction with its lawsuit challenging the constitutionality of the Durbin Amendment of the Dodd-Frank Act. Proposing twelve cents per transaction be the most banks collect from merchants,…
Joe Maneen Jr has been appointed with Access to Money non-bank ATM operator to increase its national credit union and bank sales efforts after having joined the Company on March 1. In his role, he will produce new bank and credit union customers and establish branding partnerships for its off-premise portfolio. Maneen has been focused on sales, pricing strategies, and contract negotiations for over twenty years primarily in the banking industry, the past ten of which he has held various positions with Wincor Nixdor. Most recently as the VP, Channels, with Wincor Nixdor, he was responsible for the overall management of the U.S. Banking Reseller Channel and Tier III Direct Sales Organization. Maneen holds a BS in Psychology from Union College, Schenectady, New York.
PAYBOX Services payment technology selected Verizon Business to ensure compliance with PCI DSS international payment card industry data-security standards. Its virtual electronic and card present payment services provides payment solutions and services in more than 40 countries, processing around 8 million payment transactions every month. The secure virtual electronic payment terminal is designed specifically to support e-commerce transactions and processes electronic payments from call and data input centers, WAP and i-mode, interactive voice servers and e-commerce sites. For it, Verizon Business’ professional security services lends its audit, management and implementation services to help PAYBOX renew its PCI DSS certification.
IBERIABANK will implement a full suite of Fiserv debit solutions to help reduce its processing and network expenses and improve both its back office and customer facing operational efficiency. The Bank will implement debit processing and enhanced chargebacks, “Premier Analytics,” “CardVision” and ATM driving to consolidate its EFT services under Fiserv and will use the “ACCEL/Exchange” Network from Fiserv as its PIN debit provider.
Trustwave information security and compliance has been commended for its “TrustKeeper” security and compliance web portal with the the Data Security Award by the European Card Acquiring Forum (ECAF). This recognizes the acquirer, the processor, the network services provider, the payment services provider, payment scheme, or the solution provider with the best performing security system based on merchant satisfaction, fraud rates or security breaches. The “TrustKeeper” web portal supports merchants’ compliance efforts and facilitates PCI DSS compliance validation with its “PCI Wizard, ” which also allows merchants complete required vulnerability scans and receive their compliance certificate.
Aptys Solutions payments network has added ACH functionality to its “PayLOGICS” payment processing platform. Utilizing the ACH functionality in “PayLOGICS” lets banks exchange ACH items with other financial institution partners. The Aptys’ ACH functionality includes exception item management, automated scheduling, warehousing, returns, reversals and full origination. Because ACH and checks processed through PayLOGICS utilize the same architecture, financial institutions eliminate the need to create a new infrastructure to manage ACH payments. Aptys’ services-oriented architecture allows financial institutions to validate a transaction file and conduct duplicate checking on that same file.
pcipolicyportal.com documented policy and procedure templates for PCI compliance has made available Version 2.0 of its policy and procedure manual, touching on all necessary policies, procedures, templates, checklists, and forms for compliance with the PCI DSS provisions. After successfully launching its initial policy and procedure manual in October 2009, pcipolicyportal.com reached out to current clients, industry leaders and numerous I.T. professionals in creating Version 2.0, which has once again become the industry benchmark for policy and procedure templates for organizations around the globe. Over 215 pages in length, the manual addresses the 12 requirements and includes every possible policy, procedure, form, template, or checklist your company will need to comply with the PCI-DSS provisions.
TotalBank recently implemented VSoft’s “Agile Branch” Capture Solution, Remote Deposit Capture Solution (RDC), “Image Exchange” Solution and complete Electronic Day-Two Processing. TotalBank is a member of Grupo Banco Popular Español and selected VSoft’s imaging solutions to reduce operational costs and maximize efficiency. VSoft offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.
American Express and TakePart announced its five organization-based “Members Project” winners, chosen by the public through online voting, which will collectively receive $1 million in funding ($200,00 each) from American Express to advance their missions of serving communities around the country. Winners in the Arts & Culture segment is the Alvin Ailey American Dance Theater uses the African-American cultural experience and the American modern dance tradition to inspire, enlighten and unite people of all backgrounds; in Community Development is Kiva personal lending marketplace which lets socially conscious Internet users to connect with and make personal loans to entrepreneurs and students around the world; in education is A Better Chance, which has been opening the door to educational opportunities for thousands of young people of color in this nation; in Environment & Wildlife is Defenders of Wildlife, which has led the fight to save threatened and endangered species with innovative approaches that help imperiled wildlife survive in an ever-changing world; and finally in Health & Wellness is the AIDS Healthcare Foundation and its mission to provide cutting-edge medicine and advocacy, regardless of a person’s ability to pay, and help the agency to continue delivering lifesaving HIV/AIDS treatment, care and prevention services to the neediest and most underserved populations in the U.S. and globally. Since March 2010, “Members Project” has enabled its online community to give $4.2 million to 21 non-profit organizations, both domestically and internationally.
CashEdge Intelligent Money Movement services has signed a deal with The Huntington National Bank to provide “Popmoney” person-to-person email and mobile payments service. The service will be offered online through Huntington Online Banking and through Huntington Mobile Banking later in the year. The “Popmoney” payments service lets bank customers to send money from their online or mobile banking, simply using a recipient’s email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications. Huntington has more than 600 local branches and an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,300 ATMs, throughout its six-state banking franchise: Ohio, Michigan, Indiana, Pennsylvania, West Virginia, and Kentucky.
CrossView cross-channel solutions was recognized as a “Next-Gen Retail Award” winner by Retail TouchPoints (RTP) customer engagement strategies. Honoring 10 companies with innovative solutions at the National Retail Federation’s 100th Annual Convention, including Cisco in Social Media; Intel for In-Store Marketing; Global Bay Technologies for Inventory Management; Tyco Retail Solutions for Store Intelligence; Aruba Networks in Mobile Technology; NCR in Customer Engagement; Xsilva in 7 Payments/POS; QlikTech for Analytics; and Opterus for Store Operations.
iPhoneSwiper and PaySystem has partnered to offer there wireless credit card processing terminal for free with a merchant account from Impact PaySystem. iPhoneSwiper has an integrated credit card magnetic-stripe reader, Infra-red barcode scanner, and thermal printer. Coupled with the gateway software through iPhoneSwiper powered by Impact PaySystem, it allows merchants to easily view and control all their store’s products through the iPhoneSwiper software for a fully functional POS system which uses the UPC barcode scanner to quickly create an order and accept payment for it and automatically update the database and inventory while orders are being placed.