Datacard announced a new card validation program targeted to card manufacturers and suppliers that allows them to validate the compatibility of their EMV smart cards with Datacard personalization solutions.The card validation program allows card manufacturers and suppliers to receive verification that their smart cards work with Datacard hardware and software systems. If they are pre-validated, issuers requiring those chips on Datacard brand systems will receive a discount on the pre-validated Chip Library for any issuers requiring those cards on their Datacard system with EMV personalization. Datacard Group can also help resolve any issues prior to full production and mass roll-out of card programs.
Fiserv has been granted a patent by the U.S. Patent and Trademark Office for a customer value optimization process in its Predictive ScoresSM solution. Using this newly patented process, financial institutions can benefit from the ability to proactively identify and approach customers with the optimum product, service or treatment they may need at the right time, through the appropriate channels. This can improve the current and future value of the customer, reduce their risk of attrition and increase satisfaction. Customer Value Optimization elevates the ROI of traditional cross-sales programs to previously unattainable levels while Predictive Scores from Fiserv is a suite of solutions that enables financial institutions to identify and prioritize the customers or members who are most likely to be receptive to marketing and sales initiatives by optimizing the revenue potential of each customer or member, and by understanding the most relevant products and services they are most likely to buy.
2Checkout released a new suite of payment API (Application Programming Interface) libraries from beta testing, letting merchants embed 2Checkout’s payment processing capabilities directly into their website. The 2Checkout Payment API libraries join 2Checkout’s hosted options: Standard Checkout and Inline Checkout. With these three checkout platforms, 2Checkout is the payments vendor with the broadest set of customizable payment methods in the world. Merchants use 2Checkout to process credit card, debit card and PayPal payments, allowing them to directly integrate 2Checkout’s technology into their website with complete coding control. They can therefore focus on designing a unique and branded checkout experience for their customers. Standard Checkout displays checkout pages based on the buyer’s device while maintaining the merchant’s unique branding. Inline Checkout provides a simple payment form that gives shoppers the appearance that they are still on the merchant’s site. The Payment API empowers merchants to integrate 2Checkout’s payment processing directly into their website with the most customization options.
Informatica Corporation (INFA) data integration software announced that the Western Union Company has made Informatica the data integration provider for its internal data initiative. Data insights are helping Western Union continue to enhance its digital service offerings, maximize customer satisfaction and improve brand loyalty across the many facets of its global operations. In 2013, Western Union completed 242 million consumer-to-consumer transactions worldwide and 459 million business payments, equating to more than 29 transactions per second, on average.
The MoneyPass Network is celebrating another year of increased growth with a contest for cardholders. The MoneyPass “Caught Without Cash” contest gives cardholders an opportunity to win one of two weekly $100 drawings and a grand prize of $1,000. The “Caught Without Cash” contest runs through June 1, 2014. Contestants enter by sharing a brief story about a time they were caught without cash when it was needed, such as paying a babysitter or shopping at a farmers market. Two $100 winners are drawn each week during the contest. Entries can be voted on by visitors to the contest site and one entry will be chosen from the top ten entries as the grand prize winner at the end of the contest. MoneyPass participants are encouraged to promote the contest to cardholders as a way to increase awareness of the benefits of MoneyPass access.
Visa (VS) and MasterCard (MC) debit card activity edged up in the first quarter, as Gross Dollar Volume (GDV) on U.S.-issued debit cards increased 7.0% year-on-year (Y/Y), according to CardData. In the first quarter of 2014 (1Q/2014), VS’ U.S. debit card GDV was up 6.4% Y/Y to $408 billion, while MC’s U.S. debit card GDV increased 9.0% Y/Y in 1Q/2014 to $174 billion. MasterCard debit cards have been growing above 9% Y/Y for the past four quarters.
JUSP announced it is teaming with Nokia as the first provider of a chip-and-pin mPOS solution to the Nokia Lumia smartphone. JUSP’s solution also works with Windows-based PCs as well as smartphones and tablets running Windows, iOS and Android making it an all-encompassing mPOS solution for both micro merchants and small- and medium-sized retail outlets. JUSP’s mPOS device and operating system flexibility, along with the chip-and-pin security and the all-inclusive pricing launched recently by JUSP, makes it extremely easy, convenient and secure for retailers of all sizes to charge customers using whatever means they choose.
First Data released its First Data SpendTrend analysis for April 2014 compared to the year ago period, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv is helping its clients transition to EMV cards with an integrated, compliant and cost effective path to EMV-enabled debit and credit card issuance. With this unsurpassed experience and expertise Fiserv can guide clients through every step of the migration process “from analyzing their payment card portfolios to optimizing penetration, activation…
Giesecke & Devrient secure payment products and solutions developed and deployed an EMV solution that allows a debit card to meet Durbin Amendment requirements while supporting bank, merchant and consumer needs. As an active member of the Smart Card Alliance’s EMV Migration Forum (EMF), G&D was an integral force in these discussions. Following the EMF’s recommended solution and leveraging decades of experience in developing highly secure payment products, G&D’s EMV debit card products and services offer the most advanced payment deployment, providing extensive functionality to support all of the latest specifications from the major payment brands. A chip embedded in a card serves to provide a higher level of security when compared to present-day magnetic stripe only cards, protecting cardholder data and information stored on the chip. Unlike static magnetic stripe cards, chip cards contain an operating system and support dynamic authentication. Every transaction requires new values produced by the chip to be delivered. Utilizing chip card technology will be seamless to the customer, though they will now be able to execute EMV transactions using a debit card.
FIS banking and payments technology, consulting and outsourcing solutions, continues to provide companies innovative and robust solutions to mitigate risks across their organizations. In response to increasing regulatory demands to enhance enterprise risk management and regulatory compliance, FIS offers Early Risk Manager to financial institutions. Early Risk Manager is a turnkey, secure, cloud-based, next generation solution specifically tailored for financial institutions with a risk dashboard, pre-populated library of risks, risk scenarios, controls, risk assessment templates, metrics, key risk indicators (KRIs), key performance indicators (KPIs), issue management tools, compliance monitoring and testing, third party risk management and more.
Square introduced Square Feedback, which prompts customers to send feedback on their experience directly to the business owner through their digital receipt. Sellers can also respond directly to customers, resolve issues one on one, and protect their reputation. Customers who make purchases from a Square seller can choose to receive their receipt via email or text. With the tap of a button, a customer can answer the question “How was your experience?,” give details, and decide whether to start a conversation with the business. Square sellers receive an email alert when a customer leaves a comment and can respond directly via the Square Dashboard to ask follow-up questions and correct mistakes or misunderstandings. Sellers can manage customer feedback in their Square Dashboard and check it from anywhere in real time.