In their series of weekly year-end industry trend reports R.K. Hammer discusses here how fee income continues to climb higher in terms of top line revenue contribution. For decades, interest income on prime/super prime cards had always contributed the largest portion of the card industry’s revenue streams; just the opposite of subprime cards, where fees…
Euronet Worldwide, a leading electronic payments provider, reports its full year and fourth quarter 2011 financial results. Euronet reports the following consolidated results for the full year 2011: Revenues of $1,161.3 million, a 12% increase from $1,038.2 million for 2010 (7% increase on a constant currency(1) basis). Operating income of $79.1 million compared to $5.2…
Oberthur Technologies shipped over 2.5 million EMV cards to US banks and credit unions and it currently has fifteen active EMV programs in the US. Moreover, it now offers a comprehensive range of EMV payment solutions for contact, contactless and dual interface payment cards and prepaid cards. For this, Oberthur offers EMV-in-a-Box fully integrated EMV migration solution and management program based on best practices gained by Oberthur Technologies’ experience from hundreds of EMV projects worldwide. The EMV-in-a-Box program includes on-site consultation, EMV training, project management and technical support. The migration plan enables EMV cards to be issued within 12 weeks from project initiation.
PaymentOne mobile payments now supports the HTML5 standard through its “HTML5 API.” The PayOne HTML5 API provides an HTML5-compliant Web-based payment flow for developers of mobile games and applications looking to monetize their offerings across all platforms and devices with a highly secure and frictionless “charge it to my mobile phone bill” payment method. HTML5 solves fragmentation challenges with the ability to develop once and reach all platforms while avoiding the walled-garden restrictions that characterize the traditional platform-specific app stores. PaymentOne’s support for HTML5 provides enhancements to further simplify the consumer experience, allowing merchants and developers the ideal payment method to reach more than 4 billion consumers around the world.
ActivIdentity(R), part of HID Global, trusted leader in solutions for the delivery of secure identity, announced highly-integrated fraud detection service and versatile authentication capabilities for its 4TRESS Authentication Appliance. The all-in-one platform and cloud-based service provide banking customers with an unmatched level of multi-layered strong authentication, enabling them to achieve increased security more conveniently and…
ReD, a leading specialist provider of fraud prevention and payment services, has extended its senior management team as part of a global strategy to drive growth across key geographical markets and sectors. Since his appointment as CEO in August 2011, Paul Stanley has identified ReD’s strengths and the qualities and capabilities that differentiate it. “We…
Federated Investors, the $370 billion asset manager, has chosen the Cadis EDM platform to enhance data management and transparency throughout the organisation. The selection followed a successful 10-day proof of concept (PoC) that highlighted the rapid implementation and EDM capabilities of Cadis. The initial implementation will incorporate securities master data along with holdings, accounts, indices…
Lombard Risk Management, a leading global provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, addresses Title VII of Dodd-Frank Act with its Dodd-Frank Act Engine solution. The Lombard Risk Dodd-Frank Act Engine solution is designed to address Title VII “Wall Street transparency and accountability – regulation…
Cirrus Group LLC, based in Rochester Hills, Michigan, is pleased to announce a new partnership with EasyDraft of Charlotte, NC. Through this new partnership, Cirrus Group LLC can now provide EasyDraft’s electronic payment features as fully integrated services within their Daycare Works platform of management solutions. “Cirrus Group is proud to announce our new partnership…
With the PCI Security Standards Council’s release of the PCI Data Security Standard (PCI DSS) Virtualization Guidelines, Cyber-Ark(R) Software, a leading global information security provider for protecting and managing privileged accounts and sessions, critical applications and sensitive information, offers retail and e-commerce organizations guidance on necessary requirements to achieve PCI Version 2.0 compliance, including within…
The GlobalPlatform Compliance Program for validating secure elements (SEs) has been recognized by EMVCo as an integral part of mobile payment certification. GlobalPlatform standardizes the management of applications on secure chip technology. Launched in 2011, the certification program confirms SE will perform as outlined in the GlobalPlatform Specifications and promotes the creation of a globally interoperable and secure multi-application environment. EMVCo will undertake the required tests to validate the Application Activation User Interface to ensure the end-user can easily select their preferred payment provider via the mobile handset screen.
Absa Group Limited, the largest retail bank in South Africa, has contracted Bytes Managed Solutions, which exclusively distributes and supports financial service solutions from NCR Corporation, to overhaul its entire ATM network across South Africa over a three-year period, and provide ongoing IT services and support for the next five years. Absa customers will now…