Payment security and compliance solution provider ControlScan partnered with EverCompliant merchant security risk and compliance management solutions to offer acquirers leading-edge brand protection monitoring. Credit card brands require acquirers to identify and report illegal online activities taking place on the websites of the merchants they serve. Should the acquirer fail to comply with brand requirements, the penalties can escalate to hundreds of thousands of dollars per case of illegal aggregation. With ControlScan’s SiteWatch™ brand protection monitoring solution, powered by EverCompliant, acquirers can continuously monitor their merchants’ sites to quickly identify illegal activity and inappropriate content, such as high-risk product sales, child pornography and illegal merchant aggregation.
Banco Ficohsa announced a successful agreement to acquire 100% of the shares of Banco Citibank de Honduras, S.A. and Cititarjetas de Honduras, S.A., pending authorization by the National Banking and Insurance Commission (CNBS) and the Competition Defense and Promotion Commission. The transaction does not include the acquisition of any of Citi’s Corporate Banking business in the country, including Banco de Honduras, S.A. The acquisition makes Banco Ficohsa ” the leading member of the country’s top financial group, with banking, insurance and credit card businesses – the largest bank in Honduras, with a net worth of US$339 million, US$ 2.77 billion in assets, a loan portfolio of US$1.88 billion, and US$1.6 billion in deposits.
CRi has recently aligned with TransFirst®, a leading provider of transaction processing services and payment enabling technologies, to develop and launch a Mobile Point of Sale Solution (mPOS) for one of the leading global suppliers of office products and services. The mPOS solution will be sold through all TransFirst sales channels including retail in-store and online. A small business owner will be able to purchase a magnetic stripe reader (MSR), download the mPOS app to a mobile device and start accepting payments upon approval of its merchant account.
GE Capital Retail Bank announced a long-term extension of its agreement with American Eagle Outfitters to continue providing private label credit card programs for online, mobile app, and store purchases made at any of the 856 American Eagle Outfitter and 115 Aerie locations across the U.S. As part of the seven-year agreement, GE Capital’s Retail Finance business will continue to manage the American Eagle Outfitters credit card program, which began in 1996. Customers can use their American Eagle Outfitters® and Aerie® credit cards at 856 American Eagle Outfitter and 115 Aerie stores in the U.S. Cardholders can earn a 15% new account discount, $10 Extra Savings coupons, and access to four exclusive cardholder events a year. In addition, cardholders can also earn AERewards program discounts.
MasterCard announced today that, over a one year period ending December 2013, it has grown its contactless footprint in Europe by expanding the number of countries where contactless cards are accepted: contactless is now available in 63 countries worldwide, and in 34 countries in Europe including 7 new countries in 2013: Azerbaijan, Finland, Ireland, Macedonia, Moldova, Montenegro and the Netherlands. MasterCard® and Maestro® contactless cards or devices have been issued by more than 220 financial institutions in Europe and can be used at almost 2 million merchant locations worldwide, representing more than a 180% year-on-year increase.
Mocapay announced the release of the Yumilicious app available in iTunes and Google Play app stores this April. Yumilicious leveraged Mocapay’s mobile app template that helps merchants engage consumers and launch their app on an abbreviated timeframe. Yumilicious loyalty members can enroll, earn and redeem loyalty points and rewards via the app. Users can also enter their birthday for special offers, opt in and out of e-mails and text messaging, and get in-app messages. Additionally, the app will provide the ability to find nearby locations using GPS technology. Yumilicious app users will also have the ability to download and manage mobile gift cards and payment cards.
Online Banking Solutions (OBS) announced it has partnered with ProfitStars®, a leader in software, solutions, and technology innovation for financial institutions, to provide complementary online banking services to financial institutions using the Messenger Financial Center online business banking platform.
NCR signed an agreement to become the primary technology provider for PRESENTE, the fund serving employees of Éxito Group. NCR Colombia will work with the Fund to deliver its first network of ATMs for its members. Using NCR’s technology, PRESENTE has already installed 14 ATMs, which are located at administrative offices, distribution centers, food industry, and the textile subsidiary Didetexco, in cities such as Barranquilla, Bogota, Cali and Envigado. PRESENTE becomes the first Fund for Employees with its own ATM network in the country. In addition, PRESENTE will use NCR APTRA eMarketing software to deliver personalized ATM experiences, advertising campaigns and service offers to the members, allowing a constant and immediate communication with them.
NCR announced that Fogo de Chão successfully implemented NCR Aloha POS software at its 32 restaurants around the world. Already using the NCR Aloha in its 23 U.S. locations, Fogo de Chão selected NCR because of the sales and administrative functions it offers the international restaurant chain. Fogo de Chão is also using NCR Insight and NCR Configuration Center’s above-store capabilities, allowing the chain to improve operational efficiency at the store-level in their Brazilian locations. The NCR Insight software is expected to help the chain forecast revenues, increase controls, lower operational costs and reduce time spent on lower-value administrative tasks.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nacha ePayments Association launched its new opt-in program designed to mitigate the increasing volume of business bill payment exceptions originated to billers through online banking channels. Through the Bill Payment Exception (BPE) Mitigation Opt-in Program, NACHA seeks to improve the reliability of online banking bill payment channels, reduce costs and checks…
INSIDE Secure acquired Metaforic, a leader in the development of software obfuscation1 technologies and encryption-related security software for a variety of industries, including the mobile payment and mobile banking markets. By leveraging INSIDE Secure’s strong security capabilities, the combined comprehensive solution will lead to additional sales, and reinforce INSIDE Secure’s position as a key player in the fast-growing mobile security solutions market, as Metaforic: Complements existing INSIDE Secure enterprise secure access (Virtual-Private-Network or VPN products) and content protection (Digital Right Management or DRM products) solutions by adding mobile payments and uniquely positions INSIDE Secure as the only company able to provide security solutions for enterprise secure access, digital entertainment and financial services markets, the three key market drivers for mobile security;
Samir Zabaneh has joined Heartland Payment Systems as CFO to oversee strategic and operational direction of the company’s finance department including reporting, treasury, taxation and corporate planning and development, as well as investor relations. Samir will also have a hand in developing business solutions and strategies to ensure corporate objectives are achieved. Prior to joining Heartland, Samir served as Chief Financial and Strategy Officer as well as Chief Operating Officer for Moneris Solutions Corporation, Canada’s leading payment processor, based in Toronto. Samir graduated from Northeastern University, Boston, with a Bachelor of Science degree in accounting. He also earned a Master of Science degree in finance from Boston College, and an MBA degree from Suffolk University, Boston.