After demonstrating consistent increases throughout February and March, credit card APRs leveled off, but remain unusually high in April. 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 April, average APRs crept under the 15% mark…
Ricoh Production Print Solutions digital output solutions completed one of the largest color implementations in its history at First Data. The installation includes 15 duplex InfoPrint 5000 GP color inkjet systems, 4 of which are coupled with InfoPrint 5000 MP MICR units. Deployed by First Data primarily for printing credit card statements, the InfoPrint 5000 was chosen because of its reliability, color consistency, and ease of use. First Data implementing the “InfoPrint 5000” system allows it to enable cost savings for its customers with an advanced color solution offering high-quality, drop-on-demand color printing.
US Dataworks payment processing has introduced its “ClearView-X9” and “ClearView-ACH” image exchange files and ACH files sharing solutions. With this, viewing, editing and comparing Image Cash Letter files no longer requires an expensive software license and cumbersome software installation. This ultimately lets users Find the X9.100 file with a File Finder process; Compare two X9 or ACH files for differences to test and confirm changes; to view front and back of check images, as well as all file format data; and edit, insert or delete records with one-step recalculation of totals and trailer records.
The Secure Remote Payment Council (SRPc) formed a working group to define and adopt a POS and ATM solution for chip and PIN acceptance for PIN debit networks. This will provide interoperable adoption of chip and PIN debit payments to the industry, while supporting innovation, choice, and the proven track record of PIN security in reducing payment fraud. The working group includes leading PIN debit networks STAR®, SHAZAM®, PULSE®, NYCE®, AFFN®, ACCEL/Exchange®, ATH®, Credit Union 24®, CO-OP Financial Services® and Jeanie®.
First Data inked acquisition agreements with FEXCO, taking over an equity stake in the “OmniPay” card and electronic payment processing services to merchant acquiring banks. This puts First Data’s ownership at 100%, in which it has had an equity investment in OmniPay since 2002 and took a majority equity interest in the company in August 2006. FEXCO also continues as First Data’s preferred supplier of dynamic currency conversion (DCC) processing solutions.
United Bankers’ Bank (UBB) has implemented the Aptys PayLOGICS “Active Archive” and “Image Exchange” modules. With the ability to integrate seamlessly with the bank’s existing infrastructure, PayLOGICS enables UBB to house all transactions and historical data in one location. ACH and other transaction details are on a single cloud-based archive, the Active Archive module gives UBB a centralized view of all customer payment activity.
Trusteer, the leading provider of endpoint cybercrime prevention solutions, announced a new version of the Trusteer Mobile service which prevents mobile and online banking fraud. Trusteer Mobile detects mobile malware infection and helps bank customers fix security vulnerabilities on their devices. End users can also turn off access to their online bank accounts from anywhere…
Acumera, the leader in Trusted Connection Services for retail organizations, announced that Liquid Networx has agreed to market products and services based on a suite of secure, merchant-centric applications that increase operational efficiency and effectiveness by securing traditional network clients as well as connecting non-traditional devices. Today, merchants must be compliant with transaction security standards,…
DANTOM Systems is pleased to announce the achievement of its annual recertification of PCI DSS Level 1, version 2.0 compliance. PCI DSS Level 1 certification is required for organizations processing over six million payment transactions annually. In addition to achieving PCI DSS Level 1, DANTOM also was recertified as complying with the following laws, regulations…
EVERTEC, and EVERTEC Finance Corp., a wholly owned subsidiary of EVERTEC (“Finance Corp,” and together with the Company, the “Issuers”), announced that they propose to issue $40 million aggregate principal amount of 11% Senior Notes due 2018 (the “New Notes”) in a private offering that is exempt from the registration requirements of the Securities Act…
Acumera, the leader in Trusted Connection Services for retail organizations, announced today that Liquid Networx has agreed to market products and services based on a suite of secure, merchant-centric applications that increase operational efficiency and effectiveness by securing traditional network clients as well as connecting non-traditional devices. Today, merchants must be compliant with transaction security…
VersaPay Corporation, a provider of merchant credit and debit card payment processing and e-mail money transfer (EMT) solutions, today announced its financial and operational results for the year ended December 31, 2011. All amounts are in Canadian dollars unless otherwise noted. Fiscal 2011 Highlights Grew year over year revenues by 19% and grew recurring revenue…