S1 Corporation payments and financial services software solutions posted its 2Q/11 results, with total revenue having increased 22% to $63.3 million from the year ago figure of $51.8 million. Meanwhile, 1H/11 revenue was up 18% to $121.2 million from $102.9 million in the six months ended June 30, 2010 thanks to growth in Software licenses,…
First Data electronic commerce and payment processing will now refer clients of its “Internet Banking” to IronKey’s “Trusted Access” to help them protect customers from potential hack attacks. The IronKey “Trusted Access” secure browsing solution allows financial institutions to provide Internet banking customers defense from criminal attacks and malicious ZeuS, SpyEye, Sunspot, and OddJob software and will assist First Data clients who choose the service in meeting Federal Financial Institutions Examination Council (FFIEC) guidelines for new online security controls. Trusted Access provides a secure Web browser protected in a fully virtualized, read-only environment tailored to protect online banking sessions from known and unknown crimeware. Even if a computer is infected with malware, the online banking session should remain safe, secure, and private. Unlike other approaches, Trusted Access assumes a client’s computer is infected with the latest zero-day attack that would go undetected by anti-virus and other software technologies.
First Data electronic commerce and payment processing launched its suite of product offerings from its Information and Analytics Services (I&AS) division, providing analytics and insights on its proprietary “SpendTrend” tools to merchants. Its “Business Track” portal provides key information for credit, debit, prepaid/gift card and check data while “First Data Alerts” lets merchants keep on top of deadlines and avoid unnecessary chargeback losses. The new Data File Manager application brings a best-practice approach to this often time-consuming process, with a focus on flexible, self-service capabilities so merchants get just the data they need when they need it. Lastly, the First Data “Prepaid Advisor Benchmarking Toolkit” lets prepaid card program managers access the competitive insight they need to understand how their program is performing compared to industry peers.
American Express announced two programs designed to support tennis and give Cardmembers increased access to playing and experiencing the game as part of its “Next Contenders” program. Teaming up with Chris Evert to provide Cardmembers and tennis fans everywhere with insider information on what is happening on and off the courts leading up to the US Open, the program will rally fans to support their favorite Next Contenders as they train, strive and contend to be the future of the sport at this year’s US Open on Twitter @ChrissieEvert and at usopen.org/nextcontenders. AmEx is also launching the annual Fresh Courts program, investing in the renovation of existing tennis facilities in need of repair across the U.S. in La Mesita Park in San Diego, Calif., Jefferson Recreation Center in Washington D.C., North Avondale Courts in Cincinnati and Astoria Park in Queens, N.Y.
Value Added Resellers (VARs) and Independent Software Vendors (ISVs) participating in Business Solutions’ annual survey ranked the Element “Express Processing Platform” as a leading payment processing technology. Subsequently, the Element platform is being honored with the ‘2011 Best Channel Products’ award, the fourth consecutive award for Element Payment Services from Business Solutions magazine since the survey debuted in January 2010. The Element “Express Processing Platform” is a purpose-built payment engine, architected for an evolving industry with a Service Oriented Architecture (SOA). ISVs can easily integrate software applications with Express, incorporating its robust suite of PCI compliant technologies which include P2P encryption and tokenization.
BBVA Compass is now offering customers the “ZashPay” P2P payment service from Fiserv. This allows BBVA Compass customers to send money easily to anyone with a U.S. bank account using only the recipient’s e-mail address or mobile number, which is deducted directly from the sender’s banking account and deposited into the recipient’s account. The “ZashPay” service makes Simple Personal Payments a great option for a wide variety of our customers’ payment transactions, from large expenses, such as rent payments, to smaller transactions between family and friends. The service makes it turnkey for a parent to supply a college student with additional funds or to contribute money to a teacher’s gift fund, without needing checks, stamps or cash.
S1 Corporation was propositioned by ACI Worldwide with an unsolicited acquiring proposal for $9.50 per share in a mix of cash and common stock of ACI. The merger agreement provides for the combination of the two companies, however S1 is bound by the terms of the merger agreement with Fundtech. Nevertheless, the S1 Board of Directors will review the terms of the proposal submitted by ACI in a manner consistent with its obligations under the merger agreement with Fundtech and applicable Delaware law.
The Interactive Financial eXchange Forum is prepared to take a lead role in a collaborative effort to develop enhanced electronic remittance standards, following its active participation in an invitation-only workshop held June 28-29 at the Federal Reserve Bank facility in Chicago. The objective of the workshop was to better understand issues and options for improving remittance data exchange and automated reconciliation of payments, especially in the United States. IFX Forum President Richard Urban addressed the participants concerning the Forum’s activity in the area of remittance, both on its own and with respect to work on ISO 20022. This will be to develop a standard approach for electronic remittance delivery suitable for all sizes of businesses.
Compass Plus retail banking software and electronic payments systems made available its “Performance Monitoring Module,” allowing real-time monitoring for its “TranzWare Online” generation of comprehensive data. The “TranzWare Online” platform was designed for the switching, parametric routing and authorization of electronic payment transactions as well as terminal network driving. The Performance Monitoring Module allows a system administrator to have instant access to the complete set of system performance data. System performance messages are recorded in the event log and built-in personnel alerts notify the appropriate staff members in emergency situations.
Union First Market Bank has launched three mobile banking offerings for mobile web, text message banking and an iPhone application. With this, iPhone customers can download the Union First Market Mobile Banking app from Apple’s App Store. Union First Market Bank’s online banking customers with access to mobile web browsers can visit m.bankatunion.com to access their account information. Customers who want to bank via text messaging can set up this service within Online Banking.
The Consumer Financial Protection Bureau (CFPB) published four interim final rules in the Federal Register on July 28, 2011, to establish its procedures for investigations, administrative enforcement actions, and disclosure of information to third parties, as well as procedures state officials must follow to notify the CFPB of enforcement actions they initiate. Investigations. The rule…
As the global EPOS market is recovering from the recession, programmable EPOS terminals shipped worldwide increased by 11% in 2010 to 1.38 million while total installed base of terminals reached 10 million. However, according to new research by RBR, the challenging economic climate is leading some retailers and hospitality operators to operate their EPOS terminals for longer than usual before replacement. IBM accounts for 22% of global programmable EPOS terminal shipments, leading the market in North America, Latin America, western Europe and the Middle East and Africa (MEA) while Wincor Nixdorf is the second largest supplier worldwide, and the largest supplier to the central and eastern European (CEE) market. Globally, Wincor Nixdorf is followed closely by NCR, which has a strong presence in the Americas and MEA.