Chase Card Services announced a new credit card for AARP members, offering cardholders 3 percent cash back on gas station and restaurant purchases, with no earning caps or points expiration and no annual fee. The card, designed to reward AARP members for their most common everyday purchases, also offers unlimited 1 percent cash back on all other purchases. By receiving 3 percent cash back on gas station and restaurant purchases and 1 percent on all other purchases, the average family can easily earn more than $250 cash back every year just by using the card. The new AARP Credit Card from Chase also offers customers a 10% discount when redeeming rewards for travel through Chase; Price, purchase, return and extended warranty protections – at no additional cost; and dedicated, personalized customer service 24 hours a day, seven days a week.
FIS announced that Texas-based Industry Bancshares, Inc. signed a multiyear agreement to replace its four-year-old banking system with its core banking platform to deliver faster customer service as well as advanced online and mobile banking capabilities. The bank is also deploying FIS item processing and other complementary services. Converting onto the FIS core platform allows Industry Bancshares to deliver direct benefits to its customers by providing real-time access to customer accounts across all bank channels including mobile, online banking and bill pay, EFT networks and the traditional branches across its five banks.
NWP Services Corporation (NWP) utility cost recovery and management solutions has been validated as compliant with PCI DSS as a Level 1 service provider for the fourth consecutive year through Trustwave. Trustwave is provider of PCI DSS compliance management solutions. Moreover, NWP has enrolled in Trustwave’s on-demand compliance management solution, TrustKeeper, to maintain compliance with the PCI DSS and access the necessary tools to support on-going compliance such as external vulnerability scans.
FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations as part of a new strategic multi-year arrangement. With this, FIS will provide real-time core banking and back-office processing support via an outsourced model on behalf of the Bank. FIS will also deliver transition support as the bank moves its back-office services from Lloyds Banking Group to FIS. FIS’ integrated solutions will support the bank’s deposit, savings, loan and credit cards accounts, and deliver seamless channel integration to enable customers to access their accounts through telephone, internet and mobile devices. The entire operation will be hosted and run by FIS in the UK.
Valitor introduced new software for contactless payment and smartphone mobile payments in cooperation with Point electronic payment solutions. The new software allows merchants to accept payments via contactless Visa cards and also via smartphones where the credit card functionality has been implemented on the SIM card. This software is the first one in Iceland to offer this kind of technical innovation, and has been certified by VISA Europe and approved by the Visa PayWave standards. All acquirers and service providers that use the merchant POS terminals VeriFone Vx820 and Vx680 from Point can update the POS terminals with this software.
NCR Corporation announced as part of the regional realignment of its management team, Navroze Dastur has been promoted to be the new managing director for NCR India, reporting to Jaivinder Gill who will now assume the role of Vice President – South Asia Pacific for Financial business. Navroze has been with NCR for the past seven years as the senior general manager for strategic alliance and payment solutions responsible for charting the company’s overall growth strategy for the payments business and partner alliances.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 165,000 in April as the unemployment conversely dropped .10% to 7.5%. Having declined 0.4 percentage points since January, the unemployment rate is a reflection of the 11.7 million still unemployed, a 673,000 drop since January. Of this, the number of long-term unemployed (those jobless for…
SecureNet Payment Systems payment technology operating system announced Nish Modi has been named VP, Product. Bringing over 17 years of payment experience managing, designing and architecting products and systems, financial services and eCommerce industries, Modi was most recently at eBay. Here he led the strategic direction for consolidating all billing, invoicing and payments across eBay’s adjacent entities as Senior Manager Platform Strategy. Prior to eBay, Modi led product management strategy for First Data Corporation’s flagship Internet banking and business banking products.
Alaric fraud prevention and payments solutions is now offering its “myPinPad,” allowing cardholders to securely control the authorisation of payments via the entry of their PIN on touch-screen payment terminals, smart phones, tablets and online. The combination of myPinPad and Alaric’s Authentic solution for transaction processing delivers an end-to-end platform for mobile and online payments, with EMV-level security. This ensures secure processing of mag-stripe or chip cards and addresses the challenges of securely authorising card payments through its highly-scalable virtual EFTPOS and ATM platform, which presents the cardholder with a one-time virtual PIN pad – effectively moving the security elements of the transaction from the device and into the cloud. It ultimately mitigates risk and fraud protection and converts card not present (CNP) to card present with PIN transactions through a secure virtual PIN Entry Device (PED).
Aeriandi differentiated financial solutions selected Adapt independent managed services to support its business growth. Adapt will deliver critical infrastructure to support Aeriandi’s flagship offering, PCI Circle, which helps organisations meet compliance obligations quickly, cost effectively and securely. Aeriandi creates innovative technology that delivers superior business results for organisations across a number of industries. PCI Circle is Aeriandi’s team of highly experienced engineers, developers, consultants and managers that share deep expertise in delivering successful, PCI-DSS compliant solutions across every industry from multi-channel retailers to utilities, major high street banks and financial institutions.
Datacard secure ID and card personalization solutions, announced its senior marketing manager will be speaking at the International Card Manufacturers Association (ICMA) 2013 Expo taking place on June 4-7, 2013 in Washington, D.C. The 2013 ICMA EXPO will feature a variety of presentations from different perspectives and address management and technical matters, industry trends, personalization and production issues, as well as new applications and marketing tips. Arredondo will be giving a presentation on “EMV and Mobile: A Case Study Convergence” on Thursday, June 6th at 2:00 p.m. This session will outline a recent mobile payments beta with a large U.S. issuer and how implementing an EMV structure in the U.S. will help enable overall adoption of contactless mobile payments.
Cardtronics acquired the assets of Aptus Financial for undisclosed terms. Based in Portland, Ore. and founded in 2002, Aptus Financial provides ATM services to a nationwide fleet of 3,300 ATMs, with the vast majority owned by independent merchants.