FIS today announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS GenNOW™ Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. GenNOW customers can easily track their spending and manage their finances on the go.
USA Technologies Redefines One-Stop Cashless Payment Services for Self-Serve Retail at 2014 NAMA OneShow
USA Technologies ntends to redefine one-stop cashless payment services by showcasing a myriad of products and services at the 2014 NAMA OneShow. Here USA Tech will demonstrate self-serve retail, including the growing web of interlinked products, services and consultative support marketed under the ePort Connect® platform. The Company will also cover Micro-market Services: USAT is making it easier to optimize cashless in today’s complex food and refreshment service businesses by linking ePort Connect to a growing list of supported micro-market providers such as Revive Self Checkout and Breakroom Provisions. In addition, ePort Connect has recently been upgraded to give consumers the opportunity to replenish their MORE. account with either cash or credit at either of these supported micro-market kiosks.
The Citi® Executive® / AAdvantage World Elite MasterCard now comes with American Airlines Admirals Club with membership to nearly 40 clubs in major airports worldwide. It includes access to all 18 US Airways Clubs. To receive complimentary One-Day Passes, travelers must meet with the Citi ambassador and show their credit card that previously enabled access to the Lounge. For details about this limited time complimentary access promotion, visit citi.com/opendoors. The lounge offers members such benefits as complimentary beverages, light snacks, Wi-Fi access, personal travel assistance with reservations and more. Additional information on the Admirals Club lounges can be found at aa.com/admiralsclub .
NCR Corporation, the global leader in consumer transaction technologies, announced that Tevis Oil Company has selected NCR’s Radiant point-of-sale (RPOS) technology solutions to improve service and reliability at its Jiffy Mart convenience store chain.The NCR RPOS solution provides Jiffy Mart stores with a new layer of redundancy that allows an entire site to remain operational even if they have an issue with a single POS device. Software updates can be made remotely from central office locations and do not require the site to shut down when changes are made as they were in the past.
Doug Stewart has FGI as Vice President of Business Development to oversee business activity on the West Coast. His goal will be to focus on maintaining and strengthening relationships with other lenders, finance companies, equity sponsors and referral sources. Stewart brings nearly a decade of experience in asset based lending and corporate investment banking, as well as experience working with business development teams. Stewart was responsible for Portfolio and Account Management, as well as Business Development in the California region with Wells Fargo Capital Finance. Before that, he was with Merrill Lynch Capital where he focused on corporate banking and supporting the underwriting and portfolio teams on both new and existing deals.
NCR has been awarded Technology Association of Georgia (TAG) “Top 10” Award, as one of Georgia’s 10 most innovative technology companies. TAG is the state’s leading association dedicated to the promotion and economic advancement of Georgia’s technology industry. The “Top 10” most innovative technology companies are chosen from among TAG’s “Top 40” 2014 list and were chosen based on a number of criteria, including: degree of innovation; scope and financial impact of innovation; likelihood of success; and promotion of Georgia’s innovative efforts nationally and internationally. NCR Mobile Pay enables consumers to take action instead of waiting. Restaurant patrons can easily review an order, add to it, tip and pay, and take a survey – all directly from their smartphone. NCR Mobile Pay transforms the guest experience while also improving order accuracy.
The Citi Executive / AAdvantage World Elite MasterCard is now the only credit card that comes with American Airlines Admirals Club® membership to nearly 40 clubs in major airports worldwide, and now includes access to all 18 US Airways Clubs. In celebration of this exclusive relationship, during the month of April, Citi will offer complimentary One-Day Passes to any domestic U.S. based Admirals Club lounge or US Airways Club to travelers whose credit cards no longer provide complimentary access.
eCard Transactions and Bluefin Payment Systems, have announced a partnership to bring Bluefin’s PayConex P2PE™ solution to eCard Transactions clients. eCard Transactions provides intelligent software, payment solutions and sweep technology to recover returned checks, EFTs and declined credit cards for customers while averaging collection rates as high as 77%. The company specializes in payment solutions and recovery services for the health, fitness and non-profit industries, and serves 3,000 YMCA headquarters, branches and childcare centers across the United States.
VX690VeriFone Systems unveiled its VX 690 EMV-capable payment terminal features Bluetooth, 3G radio and Wi-Fi connectivity for fast transactions and flexible payment capabilities. The terminal’s size, design and multiple connection capabilities meets merchants’ mPOS demands where 3G connectivity is increasingly required for payment device acceptance. The VX 690’s Bluetooth, 3G radio and Wi-Fi combination provides fast, wireless payment convenience as well as fewer dropped transactions in virtually every type of merchant environment. Dual SIM functionality enables the terminal to quickly connect to different networks to keep transactions moving, while built-in GPS allows merchants to track the location of every transaction, providing greater visibility into operations and inventory across multiple stores.
Sequent Software has received approval from Visa, Inc. for its Trusted Services Manager (TSM) systems. The Sequent platform is commercially available today for banks and mobile phone operators launching new digital issuance and mobile wallet services worldwide. Sequent’s Digital Issuance (SP-TSM) service securely manages and distributes payment credentials to mobile-device users worldwide on behalf of banks, mobile operators, merchants, transit and service providers. The service handles all pre- and post-issuance configuration of handsets, including personalization of NFC secure elements and provisioning of applications “over the air.”
JetPay has hired Nancy Ann Barnhart as Chief Information Officer, bringing with her more than 20 years experience in the payments industry. Most recently at American Express, Barnhart began her payments industry career at Gensar Technologies, later known as Chase Paymentech, where, over a ten year span, she became a Senior Director, first of their data center then in the Advanced Product Group, which she redesigned to focus on the needs of value-added resellers. She next founded her own Independent Sales Organization – Integrated Card Systems – where she obtained funding to buy a major merchant portfolio. Eventually, this business was turned over to a business partner. Ms. Barnhart then turned her talents to a Senior Director position at Heartland Payments Systems, where she performed product management for card associations and proprietary gateways. Ms. Barnhart joined American Express in 2011 as Senior Manager of Strategy and Business Development for fee-based products, where she managed business development efforts for FX International Payments, Merchant Financing and other fee-based revenue programs. M
Fiserv announced new real-time electronic payments monitoring capabilities to prevent fraud. The solutions protect clients from the ever increasing threat of payments fraud, covering both international and domestic payments for Automated Clearinghouse (ACH) and wire (Fed and SWIFT), and complement the enhanced SWIFT Sanctions Screening capabilities now available on the Financial Crime Risk Management Platform (FCRM) from Fiserv. ACH Fraud Prevention from Fiserv takes an integrated, cross-channel view of customers and their behavior. Detection and interdiction scenarios evaluate ACH files, batches and transactions, looking for unusual patterns of behavior and other variables that indicate fraud risk. The system continuously builds intelligence for each customer, account and other entities relevant to the ACH process to support accurate detection on anomalies. Non-transactional data including session data can also be incorporated into real-time strategies based on the level of risk presented by account activity or a specific transaction. The detection capabilities can be seamlessly integrated with an organization’s compliance activities such as collecting notes and evidence, tracking financials and preparing regulatory reporting.