ACI Worldwide payment systems announced its latest version of “ACI Issuer,” combating heightened regulation and antiquated systems to drive down the cost of issuing cards and managing customer accounts. Issuers can eliminate duplicate systems by issuing debit, credit, pre-paid and commercial cards as well as offering unsecured loans from a single issuing platform. Using ACI Issuer as a single platform also gives financial institutions a unified view of customers, accounts, payment types and transactions. A single view of the customer improves the ability of customer service representatives to respond to inquiries and resolve issues, increasing customer satisfaction.
First Data electronic commerce and payment processing enhanced its existing “VisionPLUS” payment solution with “VisionPLUS Flex” comprehensive software solution. Available for delivery to financial institutions as a server-based appliance on a single platform, the VisionPLUS Flex solution supports issuing and acquiring of credit, debit, prepaid, consumer and commercial cards for private label, American Express®, JCB, MasterCard® and Visa® global brands, as well as consumer loans. It also delivers an extensive range of payment services and value-added options such as multi-currency and multi-language capabilities, and allows financial institutions to easily configure the settings and options they desire within the product. Once purchased, financial institutions simply choose a VisionPLUS Flex configuration option and the capabilities they desire; the solution is then assembled with the appropriate hardware and software.
The P2 Customer Relationship Management (CRM) system by POS Portal will soon feature a PCI Compliance application by ControlScan. Created specifically for merchant acquirers, P2 CRM has been widely adopted across the payments industry. POS Portal and ControlScan are partnering to enable direct access to tried-and-true ControlScan merchant compliance services through the P2 App Portal. ControlScan’s payment security and compliance solutions are utilized by more than 120 acquiring banks, payment processors and independent sales organizations (ISOs) to educate and protect a total merchant base that exceeds 1 million businesses. Through its new, seamless integration with ControlScan, P2 CRM will give ISOs and acquirers real-time, single-source access to detailed merchant compliance information that includes each merchant’s status in the PCI compliance process, the frequency and content of their interactions with ControlScan support agents, and more.
MoneyGram is warning consumers not to let scammers profit from tragedy by luring them to donate to fraudulent non-profit organizations following the Boston Marathon bombings. This type of fraud typically spikes immediately following national tragedies, with consumers losing an average of $824 when they fall victim to a fake charity scam. The organization may sound similar to a legitimate charity, and may even have a fake website that looks like an organization’s official site. As part of the company’s ongoing efforts to protect consumers from fraud, MoneyGram recently launched an enhanced version of its fraud prevention website moneygrampreventfraud.com – or Spanish website at moneygramprevenciondefraude.com – where consumers can arm themselves with information to prevent monetary losses to charity scams.
Moneris payment processor, and LightSpeed, software company, announced they have partnered to provide Canadian retailers with an integrated mobile payment management solution. Moneris openly engages and works with emerging technology companies to provide its merchants with seamless payment processing solutions and best in class card processing. Moneris will now deliver a secure, reliable payment processing system that integrates with LightSpeed’s point of sale and retail management tools. With this enhanced offering, LightSpeed’s Canadian customer base can take advantage of the platform’s ability to increase operating efficiencies, integrating the payment solution with back-office features such as inventory management and sales and order workflows.
Payleven mobile payment has implemented a state-of-the-art registration process, utilising latest generation electronic ID check technology, to eliminate any need for merchants to submit a copy of their ID and proof of address and reduce registration time. This replaces lengthy, paper-based application processes of traditional card terminal providers. With the new signup process, a payleven account can be almost instantly approved and finalised in a much shorter amount of time. Payleven also now offers the ability for private individuals to sign up for card payments. Unlike traditional card terminal providers – who often will not work with individuals, refusing to accept them as merchants and only accepting businesses – payleven now offers safe, simple card payments for everyone, allowing both individuals and businesses to become merchants quickly and easily.