03/12/2014 • CardFlash® - Payment Card Industry News

FISERV 2013

1, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

The top global provider of financial services technology solutions, Fiserv had an extremely busy 2013 with tons of new deals, product upgrades and new products. New products include ConnectedTeller, CorPoint Mobile, Biller Advantage, Model Management: Reporting, FATCA Manager, Mobiliti Tablet, and LoanComplete Delivery Manager. GAAP revenue for 2013 was $4.81 billion compared with $4.44 billion in 2012. Adjusted revenue was $4.55 billion for the full year compared with $4.15 billion in 2012, an increase of 10%. Here are 95 points of light in Fiserv’s 2013, presented by CardWeb.com

MasterCard 4Q/13 Net Revenue Up 12% Y/Y

1, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

MasterCard Incorporated announced 4Q/13 financial results with a net income of $684 million, up 13%. A $61 million after-tax charge related to the opt-outs in the U.S. merchant litigations, the company reported net income of $623 million. Net revenue for 4Q/13 was $2.1 billion, a 12% increase versus the same period in 2012. These results…

Fiserv, MasterCard Advance Debit EMV Adoption

2, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

Fiserv and MasterCard agreed to make MasterCard’s U.S. common debit EMV solution available for the Accel debit network. MasterCard issuers receive flexibility to select and implement network relationships, while merchants and acquirers will continue to route transactions as they prefer, without introducing multiple applications and complicated technology upgrades. MasterCard was the first network to offer its proprietary technology to other U.S. debit networks in an effort to support the migration to EMV and enable the routing of PIN debit transactions over multiple, unaffiliated networks. This decision allows acquirers to brand transactions originating from the Maestro AID (application identifier) for all debit networks that elect to participate. The MasterCard U.S. common debit EMV solution is consistent with the EMV Migration Forum’s recommendations, including a single common debit application identifier (AID) and single application on each card, as well as multiple ways to verify the cardholder’s identity.

ACI Worldwide Makes Real-Time, Any-to-Any Payments

4, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

ACI Worldwide unveiled the next generation of its consumer payments solution, enabling real-time, any-to-any payments. ACI is empowering financial institutions, retailers and billers to reduce payment processing costs, increase customer loyalty and drive new revenues by giving consumers more control over their money and the payment services they value. The company made the announcement at its Disruption in Payments events in New York and London. With the latest version of ACI’s market-leading consumer payments solution, UP BASE24-eps, as the enabling technology, real-time payments facilitate quick, secure, cost-effective and regulated transactions between consumers and retailers, financial institutions and billers. Industry experts believe that real-time payments will accelerate the global economy by eliminating billions of dollars in costs and generating billions of dollars in new revenues each year.

PayPal Appoints Director of Strategy

4, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

Rakesh “Rocky” Agrawal is joining PayPal. In 2013, PayPal processed more than $180 billion in transactions; that’s roughly equivalent to the GDP of New Zealand. Just as important is the response from close friends who work at PayPal as well as VCs. Rockey will help small businesses and entrepreneurs understand online commerce and payments. There is a lot of nuance in commerce that goes beyond just APIs and technical implementation. If you can show a customer how to reduce chargebacks or mitigate fraud and as a result that business is more successful, you become more successful. If you can teach a customer to market better and they sell more, you will be more successful. The best APIs and the prettiest interfaces don’t mean much if your customers are still struggling with the rapidly changing retail environment.

U.S. Bank Offers Visa Payment Controls

5, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

U.S. Bank is the first bank in the nation to offer Visa Payment Controls, which gives small business owners control over how, when and where their employees’ business credit cards are used. Visa Payment Controls lets small business owners manage how employees can use their cards based on Time of day or day of week, Geographical area, merchant type, and dollar amount. Controls can be applied or removed in real-time, giving business owners complete flexibility over managing their employee card usage.

Fiserv Announces Latest Digital Banking and Payments Client

9, Country, Priority, UNITED STATESBy Robert McKinley 03/12/2014

Fiserv financial services technology announced that Finger Lakes Federal Credit Union (Finger Lakes FCU) enhanced its digital banking and payment capabilities through the addition of multiple solutions from Fiserv. These include Corillian Online® and Mobiliti™ for online and mobile banking, AllData® PFM for personal financial management, and CheckFree® RXP® and Popmoney® for bill payment and person-to-person (P2P) payments. Finger Lakes FCU, which is seeing increased use of its electronic channels, is using the new technology to position the credit union to grow in a competitive market. By offering both Corillian Online and Mobiliti, Finger Lakes FCU delivers a convenient, consistent experience across the online and mobile channels.

Ingenico Annouces Latest Payment Terminal Client

10, Country, CROATIA, PriorityBy Robert McKinley 03/12/2014

Ingenico announced the deployment of an innovative fiscal solution, along with its local partner Etranet Group, for Hrvatski Telekom telecommunication services. Further to the implementation of a fiscal law in Croatia, Ingenico in partnership with Etranet group (Croatian specialist in electronic payment transaction systems) and Hrvatski Telekom developed an innovative all-in-one cash register solution combining Ingenico latest generation of payment terminals with fiscal application developed by Etranet Group to equip Hrvatski Telekom customers. The solution is based on Ingenico’s range of wireless and countertop terminals (IWL220 GSM & GPRS and ICT220 GPRS). Thanks to Ingenico’s secure software application, tax information is easily transmitted to Croatian tax administration.

Paysafecard claims strong full year revenue growth

10, AUSTRIA, Country, PriorityBy Robert McKinley 03/12/2014

paysafecard.com Wertkarten AG continued the success of previous years by achieving record results in 2013. This further establishes the company’s position as the European market leader for prepaid solutions for online payments, and showcases paysafecard as one of Austria’s globally successful companies. Last year’s total turnover of €116.4 million is the highest in the history of paysafecard, and represents an increase of 13% on the previous year’s turnover. paysafecard products were used for 68 million payment transactions around the world in 2013 – a year on year increase of 23%. A significant step taken in 2013 was the launch of the online payment account my paysafecard in 22 countries. With my paysafecard, paysafecard allows users to manage their purchased PINs via a single account. This gives users the best possible overview of their current balance and past transactions, as well as allowing them to pay online simply and easily with only a username and password.

GoCardless taps Callcredit for AML checks

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 03/12/2014

GoCardless integrated Callcredit Information Group’s CallValidate solution in order to enhance their anti-money laundering strategy. The online Direct Debit provider makes it simple for anyone to start collecting payments online. GoCardless will use the CallValidate API to perform full anti-money laundering checks for each merchant signing up to use the service. Implementing CallValidate ensures that only genuine merchants are able to use the GoCardless service, and since the checks are completed in real-time merchants can still get started with GoCardless in less than 60 seconds. These checks will not only provide GoCardless with the most granular view of a merchant but will also provide them with clarity on when and why further ID checks need to be completed. Gocardless have also developed and open-sourced a Callcredit Ruby client library to reduce work required to integrate with Callvalidate to just a couple of lines of code.

Money Dashboard goes mobile

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 03/12/2014

Money Dashboard announced the availability of the mobile edition of its popular free service smart account aggregation service that automatically analyses spending across accounts to help people better understand their finances and manage their money. The mobile edition of Money Dashboard has been specifically designed to provide users with a streamlined interface, which makes accessing your personal financial information ‘on-the-go’ easier and clearer than ever before. The launch of the mobile site is a key part of a larger growth strategy from a £2.7 million investment round in November 2013. This is the first phase in Money Dashboard’s wider mobile strategy that will see native Android and iOS apps launched over the coming months. Additional features will also be launched in the near future, building an even more powerful tool for smart account management, yet retaining its core easy to use and understand philosophy.

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