As consumers continue using credit cautiously, charging less and increasingly paying down balances this summer, total outstanding revolving credit edged up 7.9% to total $798.3 billion, reflecting a second consecutive month of increase. With credit card defaults having registered the second largest monthly decline since 2005 and now on par with historical averages, revolving credit…
Citi launched its “Citi Corporate Chip and PIN” compliant smart card designed for U.S. corporate cardholders traveling abroad. The card includes an embedded microprocessor and was developed in direct response to clients’ needs to use their U.S. commercial cards while traveling to regions where merchants are more familiar with chip cards and for use at un-manned kiosks where an agent is not always available to run the transaction through a POS device. Citi has achieved its rapid expansion around the globe by providing clients with the consistent business experience that only a common unified technology platform and lack of reliance on bank partners can provide. As a result, Citi clients around the world benefit from consistent customer service, functionality, reporting, and innovative products such as the Citi Corporate chip and PIN card.
MasterCard Worldwide announced Debra Janssen has been appointed managing director of MasterCard’s Access Prepaid Worldwide subsidiary. Janssen will oversee operations and continue to advance the Access Prepaid Worldwide business, which is focused on the management and delivery of consumer and corporate prepaid travel cards to business partners around the world, including financial institutions, retailers, travel agents and foreign exchange bureaus. She will add this position’s roles and responsibilities to her current purview as group executive, Integrated Processing Solutions (IPS) at MasterCard, given her experience as executive vice president of EFT Processing Services for Fidelity Information Services and president of Debit Services Group and the STAR Network at First Data Corporation.
USA Payment Systems processor of financial electronic transactions for Casinos, Community Banks, Credit Unions, and ISOs, announced that Robert Cucinotta, Director and President of the company, received his gaming certification for a full gaming license from the Arizona Department of Gaming. Cucinotta has been an innovator of financial transaction processing systems since 1995, having founded both Global Cash Access (NYSE) and MCA Processing, LLC, based in Las Vegas, NV.
effortlessE’s webPOS Mobile iOS app and an optional iPhone/iPod touch webPOS Cradle lets merchants create sales, scan bar codes, swipe credit cards and have the customer sign on the screen with their finger. Once the sale is complete, you can even email the receipt with the captured signature on it, all from an iPhone or iPod touch. effortlessE has almost 10 years of experience in providing web based point of sale, in fact we were the first to offer a web based POS in 2003. At the request of clients, prospective clients and business partners alike we have created the first publicly available app to provide the full point of sale terminal in the palm of your hand. The app provides full sales functionality including product search, customer search, payments (including credit card processing), email receipts and signature capture accomplished by the customer signing on the device screen with their finger.
APG Cash Drawer has recently been chosen for two awards by the Point of Sale community, including RSPA’s Outstanding Hardware Provider Silver award and Business Solutions Magazine’s Best Channel Product award. Both awards reinforce APG’s commitment to support the reseller channel, while also confirming the durability and reliability of APG’s products and services. The Retail Solution Provider Association’s (RSPA) Vendor Award of Excellence is voted on by members of the association and recognizes APG as a Vendor of Excellence for Outstanding Provider of Hardware for 2011. The Best Channel Product Award is given by Business Solutions Magazine to acknowledge best of breed channel products.
Agiliance Security and Operational Risk Management solutions for Governance, Risk, and Compliance (GRC) programs has earned the 2011 Golden Bridge Awards for Information Technology Innovation in the FERC / NERC CIP Compliance and PCI DSS Compliance categories. Agiliance “RiskVision” was also named first runner-up for innovations in Governance, Risk, and Compliance as well as Information and Security Risk Management. A panel of more than 40 judges from a broad spectrum of industries determined the 2011 Golden Bridge Awards winners, which were presented during ceremonies at the Marriott Marquis Hotel in New York City last night. Agiliance also recently won a prestigious Stevie Award for its Agiliance Continuous Compliance Service™ (CCS) for PCI and the company’s Agiliance RiskVision platform recently received a 5-star rating by SC Magazine.
Lecere Corporation software development has completed a series of upgrades to its FIRMS software, including an improved interface to the iPay POS app for credit card processing that preserves our unique operating system and device independence, an optional fast-food operations mode, fast-food bulk pricing and discount schedules, and a ten-fold increase in FIRMS performance and scalability. The company also announced its intentions to focus on major food distribution companies to sell their FIRMS software solution.
Prolexic Technologies Distributed Denial of Service (DDoS) mitigation services has gained PCI DSS level 2 certification. Prolexic has observed an increase in the number of encrypted attacks against web properties. Typically, these attacks use Secure Socket Layer (SSL) to start an application layer (Layer 7) attack. To monitor and mitigate these encrypted attacks effectively, Prolexic requires that a customer provide their data decrypting private keys. While PCI DSS certification is not required because Prolexic does not store or process any credit card data, certification makes it much easier for a compliant organization to onboard with Prolexic.
Grant Victor (www.GrantVictor.com) ATM services and solutions is poised for further growth and expansion with the appointment of a new CEO and by successfully acquiring capital investment. The company appointed David D. Charles as Chief Executive Officer. Mr. Charles has over 30 years of management and executive level experience. In 1999, Mr. Charles founded Red Hawk Industries, a national provider of equipment and services to financial institutions. During 2006, Red Hawk Industries was sold to United Technologies Corporation.
Zoho announced a PayPal option for its “Zoho Creator” online database and forms software. This Payment Module allows users to accept payments and donations directly within their Zoho Creator applications via PayPal. Zoho also announced organizational and domain level sharing and Google Docs (Forms) Import options for Zoho Creator. Zoho Creator lets users quickly and easily build custom business applications. With its drag-and-drop UI, users can automate business processes with custom workflow; collect data, analyze and generate reports; set email notifications and schedule tasks; collaborate with team members and clients; and more. Along with the new Payment Module, it now features Organization and Domain Level Sharing and Import Google Docs (Forms) Import.
As Community Trust Bank prepares to celebrate its 100th anniversary in 2012, the financial institution is updating its ATM fleet and outsourcing various financial services to ensure compliance and improve consumer experiences at the ATM. Diebold will help the bank better manage, monitor and secure its ATM fleet by providing multiple solutions from its integrated services portfolio. In addition, Diebold will revamp Community Trust Bank’s 53 ATMs to enhance the institution’s century-old presence in the southern United States. This development is subsequent to new regulations in the Americans with Disabilities Act (ADA) and Payment Card Industry (PCI), which Diebold is to facilitate, replacing 25 of Community Trust Bank’s ATMs with its “Opteva” terminals and upgrading the institution’s other 28 ATMs. The Bank will also utilize Diebold’s “Agilis Campaign Office” software to push marketing content to its ATM fleet.