[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 175,000 units in February for a subsequent .1% change in the unemployment rate from January, which now sits at an impressive 6.7%. This was led by employment in construction, manufacturing, wholesale trade, and mining fields. The number of unemployed persons sits at 10.5 million showed little change…
The survey of U.S.-based financial industry professionals was conducted in March 2014 at BAI Payments Connect and reports that 44% of customer accounts have been compromised. More than 15% of financial institutions indicated recent breaches put more pressure on fraud operations resources to do more to protect themselves while 12% indicated that they experienced a negative impact on their brand. Over 75% of respondents said they are looking at additional resources to combat fraud in their organizations, of which 50% are looking to invest in fraud detection system technology, 15% are investing in more training for their fraud management teams and 10% are beefing up staff with new personnel. Although data breach-related fraud has a negative impact on the bottom line and on the industry in general, over 40% indicated their customers appreciate the proactive outreach and response to market events.
First Data payment technology and services solutions added Attra Infotech cards and payments services as its first Developer License Program member for the VisionPLUS and AccessPLUS suite of software products licensed by First Data globally. VisionPLUS, is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well consumer loans, loyalty and merchant accounts on a single platform. Offered with VisionPLUS is AccessPLUS with a suite of business process management products that drives operational staff efficiency in servicing customers and supports portfolio parameter management. First Data’s Developer License Program further contributes to keeping the VisionPLUS and AccessPLUS suite of products flexible and up-to-date with new market trends and technology.
Acquirer Systems has been qualified by Discover Financial Services to supply D-Payment Application Specification (D-PAS) EMV certification test cards for Discover Network and Diners Club International acquirer testing. With this qualification, Discover and Diners Club International acquirers, merchants and industry partners can now source certified D-PAS test cards directly from Acquirer Systems using a simple and straightforward online ordering process. The D-PAS test cards are used to confirm POS terminal compliance during the D-PAS testing and certification process. The certification cards are based on the latest D-PAS 2.2 card image specification.
Ingenico announced its Roam mobile commerce platform provider partnered Thatcher Technology Group direct selling innovator to implement the mobile point of sale offering for direct selling organizations, on top of its powerful sales performance management software system.The mPOS solution leverages ROAM’s full capabilities: Application Programming Interfaces (API) enabling software interaction, fully PCI compliant payment gateway and mobile payment engine. This will enable Thatcher’s customers to conveniently and securely accept debit and credit card payments, while enhancing customer buying experience and improving business efficiencies. ROAM’s mobile commerce platform also helps reduce costs by enabling direct selling companies to avoid card-non-present transaction rates and reducing post-sale credit card declines and chargebacks.
Fiserv announced FirsTier Bank implemented its Premier bank platform along with a host of additional Fiserv solutions. The innovative navigation tools and efficient processing capabilities within the Premier bank platform were determining factors in FirsTier Bank’s selection of Fiserv. The bank expects the user-friendly, browser-based design of Teller Source Capture(TM) from Fiserv to save staff time, while shortening transaction times for customers. By simplifying workflows and business processes, FirsTier Bank anticipates it will be able to offer more convenient, value-added customer service. Known for its robust functionality and scalability, Premier is the bank platform for a wide range of financial institutions with diverse goals, customers, technology strategies and operating environments. Open integration to an extensive set of best-in-class Fiserv solutions and flexible deployment options make this a versatile solution.
Diebold and Suncoast Credit Union, supported by FIS, will enable full cash recycling at the ATM with Diebold’s Opteva® Flex Performance Series ATMs. This will allow the ATMs to reuse consumer-deposited cash for future withdrawals, enhancing ATM availability and reducing the frequency and cost of cash replenishment visits. FIS, the world’s largest banking and payments technology provider, is designing and implementing the back-end processing required to facilitate full cash recycling. Diebold’s Opteva Flex Performance Series ATMs have a recycling capacity of up to 10,800 notes and accept deposits of up to 13,100 notes in a five-cassette configuration.
AccessPay announced a strategic partnership with Global Reach Partners tol help international businesses face the difficulties of cross-border fx payments by unifying their payments processes under one innovative payment solution. Companies who import, export or do business overseas can now harness the combined power of both AccessPay and Global Reach Partners to access a single, unified global payments system; they will no longer have to use different processes to make Bacs, SEPA and cross-border payments, all of which can be expensive and time-consuming.
Fime transaction provider announced its radio frequency (RF) test bench has been officially approved by the NFC Forum, a global association that advances the use of near field communication (NFC) technology. The tool validation process and approval brings official recognition that the FIME RF test bench meets the requirements defined in the NFC Forum specifications, making the tool eligible for testing devices for conformance to the functional requirements outlined by the NFC Forum.The FIME RF test bench evaluates the analog compliance of smart devices, such as mobile handsets and tablets, ensuring product compliance to the NFC Forum Analog Technical Specification. Successful product evaluation through compliance testing and NFC Forum certification allows a device manufacturer to use and display the NFC Forum Certification Mark. It is now available to mobile handset and device manufacturers at FIME’s network of global laboratories, spanning America, Asia and Europe.
EcoPayz global payments solutions provider launched its one-use payment card allowing consumers to securely pay for goods online and over the phone. The new ecoVirtualcard can be immediately acquired and used to spend around the world wherever MasterCard is accepted. With the ability to run the card independent of the customer’s bank account, the card offers maximum security and privacy – and expires once used, ensuring it can never be lost or stolen. The competitively priced virtual card is already being hailed as the best alternative to similar products offered by banks, and owners of the card have ambitious plans for its future adoption around the globe. With the card available in GBP, USD and Euros and support staff fluent in 7 different languages the card is swiftly attracting a global customer base. Previously hesitant shoppers citing security fears as a barrier to online shopping are now also being drawn to the card.
IZettle social payments announced that its Chip & PIN readers are now available in Maplin stores throughout the UK. Maplin consumer technology and gadgets, is stocking the device in its stores, which allows users to accept card payments via a Bluetooth connection to their smartphones or tablets. iZettle, launched in the UK in 2012, is a popular choice for small businesses and sole traders who demand fast, secure and hassle free card payments. iZettle’s service consists of an app and a reader which combine to process card payments. It also provides free analytics tools to help small businesses spot sales opportunities and identify loyal customers. iZettle’s card reader is compatible with all major credit and debit cards including MasterCard, Visa and American Express.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are down .1% from the February figure to 15.01% after averaging a meager .04% change over the past year. This reignites the momentum to the ebbing 2014 APR credit card averages and is first time APRs have dropped the entire year. This also follows a relatively lengthy…