Powa Launches POS Software Program

Powa Technolgies completed its Alpha program and rollout of its advanced PowaPOS Software Developer Program to independent software vendors (ISVs) globally. The PowaPOS Software Developer Program features the PowaPOS SDK and online Developer Portal that, together, simplify app integration with PowaPOS point-of-sale hardware and services, including PowaTag, the company’s fast-growing mobile commerce solution that has more than 500 brand partners around the world. PowaTag’s global expansion was recently enhanced with the acquisition of Hong Kong-based MPayMe. The PowaPOS SDK works seamlessly with existing smartphone and tablet applications. A consistent set of APIs work across iOS, Android and Windows operating systems and drives the PowaPOS T-Series hardware and the PowaPIN EMV-enabled card reader. Standard interfaces are provided for the T-Series’ unique integration of tilting/swiveling tablet mount, high-speed printer, 2D barcode scanner, encrypting magnetic stripe reader, EMV-compliant smartcard reader, secure PIN-entry keypad, and cash drawer.

Tablet Banking

Tablet banking is predicted to rise to 138 million users in five years. A new Javelin reports says tablets are becoming the primary device used for a variety of mobile banking tasks. In fact, about 1 in 3 consumers point to tablets as the mobile device he or she primarily uses to email the financial institution. While FIs have worked diligently to finesse mobile banking for smartphone users, but they are less prepared for tablet bankers.

ACI Announces Latest Online Banking Platform Client

ACI announced Webster Bank, a leading regional bank in the Northeast, has selected the company to host its online banking platform. With $21 billion in assets, Webster Bank provides a variety of business, institutional and consumer financial services through its 166 banking centers and 311 ATMs, as well as via phone, mobile and online banking. In order to serve clients’ online banking needs more effectively, improve usability and bring new features to market faster, Webster is moving to ACI’s hosted platform from an in-house system. Webster selected ACI’s industry-leading online banking platform, Universal Online Banker. Webster’s application will run in ACI’s secure and fully compliant data center, which hosts banking and payment solutions for more than 4,000 financial institutions, retailers, and billers.

Customers Bank Mobile App Makes Available P2P mTransfer

Customers Bank announced the release of version 4.0 of their mobile app, CB Access. This keeps Customers Bank at the forefront of mobile banking, said Warren Taylor, Executive Vice President and President of Community Banking at Customers Bank. Upgrades include Trusteer Mobile Security, P2P Money Transfer Service, and Spanish Content options. Trusteer is an IBM company which will provide a significant layer of mobile security free of charge for customers to protect them while they bank, surf or shop using their mobile device.

First International Certificate for ATM Operators Awarded

The ATM Industry Association (ATMIA) announced the first ever ATM operator to be internationally certified after completing the industry’s new professional online operational training. Amy Coulson, Operations Manager with Pueblo Bank & Trust, has been awarded the industry endorsed International Certificate for ATM Operators to become the first certified ATM Operator since the training launched earlier this year. The courses offered are online, represent job-specific training for ATM operators and have been developed by ATMIA on an international level for all ATM operators/owners irrespective of which regional, national or global markets they operate ATMs in. Participation in the ATM Operator training is user-friendly, with all courses automatically tracked electronically via ATMIA’s website.

SecureNet Names SVP, risk management

SecureNet has named Matt Odirakallumkal senior vice president of risk management. Here he will oversee the improvement of SecureNet’s merchant experience, including automated underwriting and boarding, and the simplifying of SecureNet’s online merchant application. He will also be responsible for increasing the speed at which new customers are onboarded. Matt will lead the underwriting and risk divisions at SecureNet.Matt has nearly 25 years of experience in the financial services and credit industries. In his previous role at Braintree, Matt led the development of the company’s underwriting and risk management strategy which included streamlined merchant boarding, establishment of underwriting/risk policies and procedures as well as the implementation their risk management system. He has served with Braintree and as director of US credit for Moneris Solutions.

Minnesota Twins Protest Credit Card Fees

The Minnesota Twins are suing Visa and MasterCard, alleging the associations gouge fan ticket purchases when they use their credit card. Alleging unfair, uncompetitive “swipe fees” hurt small merchants, cost jobs and raise the price of everything and can run as high as 4% of a purchase, the Team asserts these fees add up fast to around $50 billion a year for the banks, with profit margins of thousands of percent. Every merchant large and small in the country has to pay these fees because Visa and MasterCard control the vast majority of the market for credit and debit cards, according to the team. The Twins had joined thousands of merchants and service companies in suing Visa and MasterCard in a class-action lawsuit. But like many other companies, they dropped out and have now filed their own suit to end the anti-competitive abuses of the credit-card industry.

Aconite enables NFC

Aconite’s Smart EMV Manager system been interfaced to the Visa Mobile Gateway to enable the first mobile phone application for contactless payments in the Greek market. First Data Hellas selected Aconite’s Smart EMV Manager, which includes an EMV Scripting engine, to enable remote over-the-air management of the settings within the Visa mobile payWave EMV application installed in a custom SIM. Aconite solutions insulate banks and service providers from the complexity of the transition to mobile payments by making it a natural extension of their existing card issuing and management capabilities.

Cards on Demand

Card Cells unveils its latest extension, Card Cells Concierge, developed to help customers easily create custom plastic cards on-demand for gift cards, loyalty cards, membership cards, business cards and more. Card Cells Concierge provides custom plastic card printing, manufacturing and design for gift cards, loyalty cards, membership cards, business cards and more.

Delinquency Q1

The number of credit card users using their cards as a transactional tool rather than as a form of debt has been rising this year. Furthermore, for the first time in more than a year credit card delinquencies headed south in 2014 by 16 basis points (bps) and remain well below their 15-year average of 3.82%. Only 2.44% of all credit card accounts were more than 30 days past due in the first three months of this year.

ATM Fraud Association

Diebold and Wincor Nixdorf form a new association to establish industry-wide norms in the form of agreed technical standards for secure ATMs and ATM components. The aim of the association is for banks and other users to be able to draw on a uniform set of readily available and thoroughly reviewed solutions if they so choose. Both companies are looking to institutional operators – primarily banks and IT service providers – global ATM manufacturers and their suppliers to join the new association.