Payvision Adds JCB on Processing Platform

Payvision Payment Solutions specialized in Global Card Processing for the eCommerce market added JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has built a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide. Chinese Wing Hang Bank adds yet another strong brand to its expanding card portfolio, and through this partnership, Payvision is able to offer its customer-base in Hong Kong and Macau a new secure card payment solution, in order for them to benefit from profitable cross-border ecommerce opportunities between China and Japan. Merchants can now add JCB Card to their payment portfolio when processing through Payvision.

First Data and Discover Announces Merchant Acquiring Agreement

First Data Merchant Solutions direct-to-market merchant acquiring business and Diners Club International announced their merchant acquiring agreement. Allowing First Data Merchant Solutions to accept all cards on the Discover Global Network, including Diners Club and Discover transactions- alongside Visa, MasterCard and American Express- the agreement will be especially important to First Data Merchant Solutions customers in the travel, hospitality and entertainment sectors who service and supply international visitors to the UK. The Discover Global Network is comprised of Discover Card, Diners Club International, BC Global Card, DinaCard and Rupay.

DataCash Announces Latest Payment Gateway Client

DataCash, a MasterCard Company, partnered with digital agency Tangent Snowball, to offer their existing clients the benefits of DataCash’s payment gateway. Tangent Snowball offers a unique range of services including bespoke enterprise e-commerce, built upon their open-source framework ‘Oscar’. Oscar is built for flexibility and is used in production by Tata Group, PepsiCo and Carlsberg amongst others. The new partnership with DataCash combines the passion from both companies to provide industry leading technology for online retailers. The collaboration will offer Tangent Snowball clients an enhanced ecommerce service through the DataCash payment gateway enabling a seamless, secure and inclusive payment experience which can be used across multi-channel platforms for both medium and large merchants.

ACI 3Q/13 Revenue Up 35% Y/Y

ACI Worldwide posted 3Q/13 revenue of $216 million, up 35% by $56 million from the year ago figure. Monthly recurring revenue grew to $151 million, up $46 million, and represented 71% of total revenue in the quarter. Excluding Online Resources, recurring revenue grew 9% from Q3 2012.New sales bookings, net of term extensions (SNET), excluding…

Fiserv Appoints Group President

Fiserv announced Byron C. Vielehr has been named group president of its Depository Institution Services group to oversee domestic account processing businesses for banks, thrifts and credit unions. Bringing to the roll more than 25 years of technology and financial services experience, Byron most recently served as President of International and Global Operations for Dun & Bradstreet (D&B) (NYSE: DNB), responsible for all D&B businesses outside of North America and led operations globally. During his tenure at D&B, which began as Chief Information Officer in 2005, Vielehr held a succession of senior executive positions, including leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. He holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.

Fiserv Announces Latest Processing Client

Fiserv announced that SAC Federal Credit Union selected its DNA account processing platform and several surround solutions to accelerate its rapid growth. DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, SAC FCU benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships. With the DNAcreator development toolkit, the credit union’s technical staff can create seamlessly integrated, custom core extensions called DNAapps™ that add new functionality, screens and processes to DNA. SAC FCU can sell its DNAapps to other financial institutions as well as purchase those created by others through the DNAappstore – the first collaborative online marketplace for custom core applications.

UL achieves EMVCo Qualification

UL is pleased to announce that EMVCo has qualified the latest versions of the Collis CPA/CCD Level 2 Test Suites which are used to test card products.
The Collis CPA/CCD Level 2 Test Suites are part of the EMVCo test suite portfolio and test whether a card works according to EMVCo standards for CPA (Common Payment Application) and CCD (Common Core Definitions). The benefit of these test suites is that tests can be performed during the development process of a card so that any errors that may come up during certification are discovered during development. The Collis CPA Level 2 Test Suite (version 1.0.i) is designed to test EMV application behavior on CPA cards while the Collis CCD Level 2 Test Suite (version 4.3.b) is aimed at testing the minimum functionality required on a card to run an EMV transaction.

SWACHA Partners Aptys Solutions

SWACHA Services Corporation Electronic Payments Resource partnered Aptys Solutions as a technology provider for their automated clearing house (ACH) modules within PayLOGICS. This offers a common platform to support all aspects of payment processing, such as image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments. As financial institutions (FIs) continue to face changing industry regulations, Aptys Solutions offers the ability to consolidate payment processing including an end-to-end ACH solution for originating, analyzing, processing, receiving, managing, and monitoring ACH transactions.

ACI Completes Acquistion

ACI Worldwide announced it has completed the acquisition of Official Payments Holdings, Inc., a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Official Payments currently has more than 3,000 customers representing access to over 100 million end users. The company processes approximately 20 million payments and over $9 billion in volume annually.

Bank Better Initiative

BS Citizens Financial Group, Inc. announced the launch of Bank Better, a company-wide program to make banking simple, clear and personal for Citizens Bank and Charter One customers. Bank Better launches with a signature approach to overdrafts — no overdraft fee for transactions of $5 or less – and several other significant updates to the bank’s offerings.This feature applies to an unlimited number of transactions of $5 or less. Replacement of a tiered system of overdraft fees with a simple flat fee of $35 per item for overdrafts and returned items greater than $5. There are no changes to Sustained Overdraft Fees, which apply when an account is overdrawn by any amount, for three or more consecutive days. Complete overdraft policies will be available online starting November 8 when the simplified policies take effect.