Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio: www.rbm4.com

Barnes and Fime Card Test Tool MasterCard Qualified

The card personalisation validation (CPV) test tool co-developed by Barnes and Fime has been qualified by MasterCard Worldwide to meet its latest CPV requirements version 6.2 (2013). The test tool – which is available in four forms, Barnes CPT 3000v3 CPV module, Barnes CAT 3000v3 CPV module, Barnes CPT PRO Issuer FIME-CPV and PersevalPRO FIME-CPV – helps issuers to reduce product time to market by enabling pre-certification of MasterCard and MasterCard PayPass™ cards. Banks, card manufacturers and personalisation bureaus can purchase the tool to test a product’s adherence to MasterCard standards prior to applying for the formal CPV service. The test tool has been qualified by MasterCard after extensive qualification tests, which confirmed that the tool collectively incorporates the personalisation functionality and security requirements outlined by the payment system in June 2013. This includes support of M/Chip Advance version 1.1 and Mobile MasterCard PayPass M/Chip 4 version 1.0 products as well as specific CPV requirements for the United States market. The tool has also been enhanced to automatically perform tests on all card interfaces – magnetic stripe, contact and contactless – without manual intervention.

Jack Henry Expands with IT-Lifeline

Jack Henry & Associates technology solutions and payment processing services primarily for the financial services industry has expanded its relationship with IT-Lifeline which enabled the addition of Centurion Enterprise-Level Recovery to its suite of disaster preparedness and recovery solutions. Centurion Enterprise-Level Recovery is an enterprise-wide data protection and recovery solution for Windows servers and their resident data. This cost-effective, secure data vaulting service supports Windows-based core systems, complementary banking solutions, and ancillary business systems such as email and office document platforms. The disk-based data protection and recovery services enable financial institutions to enhance their business continuity planning and testing, and expedite disaster response with immediate data access and recovery and local data restores. Centurion Enterprise-Level Recovery provides offsite data storage, eliminates the time and cost associated with tape-based recovery, provides workstation access from any location with an Internet connection, and is compliant with the FFIEC requirements for progressive and periodic testing of business continuity and disaster recovery capabilities.

MiiCard Launches Digital Bank Statements

Online identity proofing service miiCard launched Certified Digital Bank Statements as part of its verified online identity service at Finovate Fall 2013. Financial and professional service companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions. Certified Digital Bank Statements are user-controlled components of a verified miiCard identity. Upon request, miiCard members can authorize financial institutions or professional service companies to access one of two different levels of information. With miiCard’s Identity as a Service (IDaaS) platform and Certified Digital Bank Statements, businesses can quickly verify an individual can afford a loan or qualify for a service.

Zuora Names SVP, Global Services

Zuora continued expansion of its executive management team with the addition of Keith Costello, who will join as Zuora’s Senior Vice President of Global Services. An enterprise technology executive with twenty-five years of experience, Costello previously served in senior executive roles at Oracle, Siebel Systems, and at SAP. Guillaume Vives, who previously held the position of Senior Vice President of Professional Services, has been named Senior Vice President of Strategy and Product Management. Keith Costello was with SAP, where he held a variety of senior leadership positions, including Executive Vice President and General Manager in SAP’s business analytics and global services divisions. At Siebel Systems, Costello served as Group Vice President of Global Services, and at Oracle as Vice President of Oracle Consulting.

OP-Pohjola Inks Equens Card-Processing

Equens was elected by the Finnish OP-Pohjola Group as new card processing partner. Both parties signed a long-lasting contract for card services.It is highly exceptional that a bank actually acts upon the SEPA European level playing field by switching from processor. With OP-Pohjola as new client for card-related processing services Equens will create a clear footprint in the Northern European cards market. Expectations are that the first card transactions will be processed in Q4 2014. OP-Pohjola already had an agreement with Equens for the processing of SEPA payments as well as their regular cross-border euro payments since 2008. With this new agreement OP-Pohjola Group will also entrust their debit and Visa Electron card processing to Equens. Equens card and payment processor processes 10.4 billion payments and 4.4 billion card transactions, operating over 61 million payment cards, 873,000 payment terminals and 21,000 ATMs.

Credit Union 1 Deploys Bluepoint ImagePoint on ATMs

Bluepoint Solutions announced Credit Union 1 has selected its ImagePoint ATM for ATM check capture. With $864 million in assets and 14 branches, Credit Union 1 boasts a service area spanning the entire state of Alaska. To better serve such a far-flung member base, the credit union launched a comprehensive ATM replacement project in December 2012 and installed ATMs from Diebold. After a thorough vendor review process between several providers, an internal project team deemed Bluepoint’s ImagePoint ATM check capture as the solution best equipped to handle the credit union’s projected growth and the addition of additional capture points in the future. Credit Union 1 also chose Bluepoint due to its accelerated time to market capabilities, as well as the company’s ability to integrate multiple RDC capture points that are supported by a single back-office cashletter system.

NCR Video ATM Announces New Client

Tobyhanna Federal Credit Union will begin using interactive video ATM technology from NCR Corporation. Tobyhanna FCU has installed two NCR APTRA Interactive Tellers in order to increase service hours and create friendly and efficient member experience. APTRA Interactive Teller is the only ATM-based technology that not only lets people talk to a live remote teller, but also gives the teller remote control over the machine to conduct transactions. Tobyhanna FCU has made remote tellers on the machine available 24 hours a day, 7 days a week, resulting in a 78 percent increase in branch service hours. Adding an additional 10 hours of service per week to a typical financial institution branch can cost as much as $50,000 per year. APTRA Interactive Teller can conduct approximately 95 percent of typical teller transactions over the same timeframe at a fraction of the operational cost.

Yodlee Launches Financial Relationships App

Yodlee is announcing its “Tandem” financial management app, allowing to users establish and manage their social financial relationships. With the app, users can set up financial circles, from their contacts and social networks, which have varying degrees of account access. The “Tandem” solution also gives users the power to establish financial circles based on levels of trust and account sharing access. It is an ideal bank app to engage customers in all segments and to provide significant value around financial interactions. Financial institutions will be able to incorporate Tandem directly into their existing mobile banking platforms. It also allows users to increase customer engagement and retention, create new revenue streams and learn more about their customers’ financial needs.

Wipit mPayments Announces Capital Investment Round

Mobile payments company Wipit closed a Series A venture round of funding from Core Innovation Capital. The investment will be used to expand adoption and development of the company’s mobile payments and financial services offerings. Core Innovation Capital, the investment partner of the Center for Financial Services Innovation (CFSI), exclusively invests in leading financial technologies empowering the underbanked at scale. Core Managing Partner Arjan Schütte will join Wipit’s Board of Directors. Wipit enables underbanked consumers from around the world to use cash for payments on their mobile phone or with an integrated prepaid card. The company also provides access to high demand, alternative financial services such as international money transfer, mobile check deposit, bill payment, and prepaid wireless replenishment – all from the convenience of a mobile phone and payable with cash funds loaded to the user’s Wipit powered mobile wallet account.

MasterCard Demonstrates Payment Innovations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is making paying easier, demonstrating at the Innovation Showcase consumer shopping experience a glimpse into the products and services that transform the shopping experience and enhance convenience and security for consumers. Its 10 innovations include “ShopThis!” with MasterPass on the Intel and PhiSix Fashion Labs for a fully interactive 3D…

Webspace Commerce implements Jumio mCard Scanning

Jumio online and mobile credentials management has been selected as its technology partner to help sites running Magento reduce cart abandonment and increase checkout conversion. WebSpace Commerce (WSC) is one of the leading developers and consultants for the global Magento open source ecommerce platform operated by 150,000 merchants. WSC will be working with Magento sites to implement Jumio’s Netswipe card scanning technology. Jumio’s Netswipe works as an integrated option in merchants’ checkout process to give shoppers a quicker checkout process by using their mobile device’s camera to scan their payment card instead of manually entering their information. By removing the payment friction inherent in card data entry, Jumio clients enjoy checkout conversion improvement of 20% or more.