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

Fiserv Reports Posts 1Q/13 Revenue Up 6%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv posted 1Q/13 revenue of $1.15 billion, compared with $1.10 billion in the first quarter of 2012. Adjusted revenue was $1.08 billion in the first quarter compared with $1.02 billion in 2012, an increase of 6 percent. The company acquired Open Solutions account processing technology for financial institutions and reported its…

RushCard Targets Increased Transparency

UniRush, program manager for the Prepaid Visa RushCard pioneered by Russell Simmons in 2003,announced new Fee Disclosures designed to make it easy for customers to understand the cost of using their RushCard, going above and beyond current industry standards.RushCard introduced a fee-free ATM network – for existing cardholders and new customers – in order to help cardholders keep the cost-to-use down. RushCard’s new, best-in-class Fee Disclosures will appear online at www.rushcard.com and in all Terms & Conditions mailings. Designed to go beyond current industry and regulatory standards, the disclosures (see: https://www.rushcard.com/howitworks/ScheduleOfFees.pdf) contain easy to understand fee descriptions, as well as clear explanations of when each fee is incurred. RushCard offers 3 different fee plan options: RushUnlimited, Pay-As-You-Go, and Monthly. The fees for each plan appear side-by-side, making it simple for prospective customers to compare plans. In addition, an easy-to-use Plan Calculator is available to help customers make the right selection.

Discover Partners Network International, Expands Network

Discover Financial Services and Network International payment solutions provider announced a strategic alliance that will allow Mercury Network Card acceptance on Discover, Diners Club International and PULSE networks for international purchases and cash access outside of U.A.E. These agreements focus initially on enabling Mercury Cards on the DFS networks, which include Discover Network, Diners Club International, PULSE and other partner networks, to provide acceptance in more than 185 countries and territories. Network International formally launched the Mercury Network scheme on April 22, 2013, with the introduction of a pre-paid card in the U.A.E. which will allow companies to remunerate employees who do not have access to traditional banking services. The agreement with Discover will allow Network International to support credit and debit cards on a global basis.

Barclays Deploys NCR ATMs

Barclays, which has operated in Ghana for more than 95 years, has installed 29 NCR SelfServ 34 ATMs featuring intelligent deposit, allowing Barclays customers to deposit cash without an envelope and get immediate, on-screen validation of their deposit. The new ATMs will feature in-person bill payment and remittance software, so customers can pay a bill or send money to friends and family through the speed and security of the ATM and the Barclays brand. Through NCR’s remittance software, Barclay’s customers can send money to another person’s account in real time, using cash deposited at the ATM. For financial institutions, this software allows them to provide a value-added, fee-based service to typically underserved customers.

Checkpoint Systems Scales up RFID Project

Checkpoint Systems is scaling up its Radio Frequency Identification (RFID) project with leading apparel retailer C&A from five to 25 stores. As part of the C&A project in Germany, Checkpoint is providing RF/RFID antennas, point of sale RFID solution, software and consulting services. This will ensure that the merchandise is available on C&A store shelves in the right color, size and fit so consumers can always find the item they want when they are ready to buy. Implementing RFID in store means that retailers are more effectively and efficiently able to manage inventory and enhance loss prevention efforts. C&A selected Checkpoint for the RFID project to analyze processes and procedures for store deliveries, replenishment and inventories. C&A already implemented source tagging with Checkpoint for RF EAS several years ago, as a stepping stone for a potential RFID deployment.

NCR Posts Revenue Up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR Corporation posted 1Q/13 revenue of $1.41 billion, up 13% from 1Q/12. NCR’s Financial Services segment generated first quarter revenue of $714 million, an increase of 3% from the first quarter of 2012, thanks to growth in Europe and Asia Middle East Africa (AMEA). Operating income for Financial Services was $57…

Western 1Q/13 Revenues Down 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 1Q/13 revenues down 5%, driven by the Consumer-to-Consumer (C2C) segment and its impact on pricing investments and compliance related changes. C2C revenues declined 7%, including a negative 2% impact from the Vigo and Orlandi Valuta brands and a negative 1% impact from currency. Total C2C transactions decreased 2%,…

First Data Signs VSoft Reseller Agreement

First Data electronic commerce and payment processing and VSoft Corporation have signed a reseller agreement, under which VSoft will sell First Data debit processing services and Star ATM and POS access to its clients. VSoft offers core and payment processing solutions for more than 2,200 banks, credit unions and savings institutions. This latest agreement will provide VSoft client financial institutions STAR Network access as well as end-to-end debit card processing services. First Data’s multi-layered online tools can help them manage their debit card programs more efficiently. The solution also provides processing options to control transaction authentication and authorization, including real-time balance verification. VSoft also has agreed to endorse First Data Online Banking – which includes personal financial manager (PFM), mobile and online bill pay services – to its clients, and will fully integrate the solution into its core banking platform, CoreSoft.

Fiserv Research Shows mPayment Bills Showing Sharp Increase

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv announced the number of mobile bill payment transactions processed through its biller direct solutions and MyCheckFree website tripled in the past 24 months, bringing the number of bill payment transactions from 4% to 15%. The “MyCheckFree” solution allows consumers to receive and pay bills from multiple companies at a single…

Heartland Deploys Ingenico EMV Software

Ingenico and Heartland Payment partnered on the development of E3 and EMV-capable attended terminals for rollout to Heartland’s relationship managers. Heartland selected Ingenico’s innovative Telium2 software technology, and will call on Ingenico’s global EMV expertise to help deliver its new flagship terminals and PIN pads. The processor will begin offering and deploying the new terminal to merchants across the country starting in the fourth quarter of 2013. Heartland will integrate its best-in-class E3 End-To-End Encryption solution into Ingenico’s EMV-ready terminals and PIN pads to fortify payment data protection and security for magnetic stripe and EMV transactions. Both EMV and E3 solutions are powerful card authentication and data protection tools when used individually, but when combined with a Telium2-powered terminal, they offer merchants the highest level of payment card security and risk mitigation.

Barclays Bank Deploys NCR Software Services

Barclays Bank of Ghana is giving 24-hour access to extensive financial services delivered at the ATM through its software. Having installed 29 NCR SelfServ 34 ATMs featuring intelligent deposit, allowing Barclays customers to deposit cash without an envelope and get immediate, on-screen validation of their deposit. The new ATMs will feature in-person bill payment and remittance software, so customers can pay a bill or send money to friends and family through the speed and security of the ATM and the Barclays brand. Through NCR’s remittance software, Barclay’s customers can send money to another person’s account in real time, using cash deposited at the ATM.

Consumer Confidence Show Continued Minimal Change

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The April Discover U.S. Spending Monitor was up .25% a point to 93.7, demonstrating continued stagnation in consumer confidence in the economy and their personal finances. Those rating the economy as good or excellent was around 18% while those rating the economy as poor was down one point to 46%, but…