VRL Launches New Cards & Payments Datatool

Top financial and professional services information provider, VRL Financial News, has announced the availability of a new data service providing original, up-to-the minute intelligence on the global cards and payments industry. Created in association with VRL’s leading financial publications, Cards International and Electronic Payments International, the Cards & Payments Datatool is also populated with primary…

American Express/Concur Expands Alliance

American Express’ Global Corporate Payments business and Concur on-demand employee spend management services have expanded their global alliance with a new partnership in Japan to promote each others’ solutions to corporate clients in that market. American Express Global Corporate Payments and Concur have been working together since 2008 to help clients in more than 15 markets optimize their expense management programs. Companies that integrate American Express payment data with Concur expense systems benefit from higher quality and more robust data, which ultimately helps control spending and drive savings to the bottom line. AmEx offers Maximum Visibility with reports on both American Express card data and non-card data; more robust data to help companies improve compliance with policies and reduces risk of unauthorized spending and nnegotiating leverage with suppliers for greater cost savings.

WorldPay UnionPay Online Acquirer Bridges Consumer Gap

WorldPay payment processing and China UnionPay card issuer partnered, making WorldPay an acquirer for eCommerce UnionPay transactions. WorldPay will be the first UnionPay Online Payment acquirer allowing merchants to sell directly to consumers in China, as well as UnionPay cardholders outside of China. China UnionPay has grown at an extraordinary rate and now rivals some of the world’s largest card issuers. According to an investigation by A.C. Nelson, an international authoritative investigation institution, up to 100% of Chinese domestics are familiar with the China UnionPay brand, significantly higher than any other bankcard brand in China.

Compass Plus Partners Genia Tecnologia

Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, announced its strategic alliance with Genia Tecnologia, a Brazilian-based provider of consulting solutions for the card market. Compass Plus developed the alliance in order to provide country-specific support in the local language for its Brazilian customers. Genia provides project…

RSA and Todo1 form anti-fraud partnership

TODO1 Solution as a Service (SaaS+) provider and RSA, The Security Division of EMC, forged a partnership to create and offer a suite of security services that deliver world-class anti-fraud protection to banks and banking customers online. The new collaboration in the region aims to deliver a secure online banking platform with availability and reliability at service levels well above those offered by competing solutions found in Latin America. TODO1, a leading online banking and e-services company headquartered in Miami, Florida, currently services a consortium of independent banks in countries including Colombia, Ecuador, Panama, Venezuela and the United States. TODO1 core services include online and mobile banking, liquidity management, trading and payments and collections solutions. TODO1 also offers authentication and anti-fraud security solutions for self-service channels, relationship management and collaboration solutions, and Business Intelligence services – all focused on the financial services industry.

PULSE Expands Issuer Base & ATM Coverage in 2011

PULSE debit/ATM network saw strong growth in 2011, adding 129 direct financial institution participants to its network. The number of ATMs nationwide that accept PULSE grew in the last fiscal year to more than 380,000 from 350,000 in 2010. Consequently, total transaction volume on the network grew significantly in 2011, totaling more than 3.8 billion transactions, 16% up on the year ago period. Total dollar volume grew to $140 billion, 19% over the year ago period. The network also saw successful migration of the network’s debit processing and development platforms to state-of-the-art HP NonStop Blade server technology; expansion of Internet PIN debit to include recurring payments and subscription-based bill payments; enhancements to the DebitProtect® fraud mitigation system; and the launch of DebitSavvy.org, a website designed to engage consumers and explore all facets of debit card use.

Western Union Agreements Turning into Big Results

Western Union global payment now has mobile money transfer agreements with a total of 26 mobile wallet providers in 22 countries.Twenty of these agreements are with mobile network operators, serving over 285 million subscribers, while the remaining six are with banks and independents. This after four new strategic alliances announced at the Mobile World Congress in Barcelona, including a strategic alliance with Ericsson to integrate the Western Union Mobile Money Transfer network and the Ericsson suite of mobile commerce solutions; an agreement with WIND Italy to launch a service to allow subscribers to send money-transfer transactions directly from their phones; an agreement with Roshan to introduce the Western Union Mobile Money Transfer service in Afghanistan; and an alliance with Millicom International Cellular S.A. to introduce cross-border mobile money transfers in Latin America.

Fiserv Refines P2P Payments Network

Fiserv is set to combine its “ZashPay” into the “Popmoney” person-to-person (P2P) payment networks. The resulting network will connect 1,400 financial institutions and reach 35 million consumers through their existing online and mobile banking relationships. The “ZashPay” network was launched by Fiserv in 2009 as a P2P payment product that leveraged the company’s industry-leading bill payment network. Meanwhile, “Popmoney” became part of Fiserv as a result of the acquisition of CashEdge in September 2011. The combined network also includes some of the largest financial institutions in the U.S. and more than 1,300 regional and community-based institutions.