U.S. Bank Completes ATM Conversion

U.S. Bank has fully converted its fleet of nearly 5,000 U.S. Bank ATMs to the Windows 7 operating system. U.S. Bank is one of the first major banks to complete the conversion of its entire ATM fleet. Other ATM owners in the industry have announced that they plan to purchase extended support from Microsoft while they complete their conversion. U.S. Bank chose to upgrade the operating systems on its entire fleet by the April 2014 deadline as part of an overall strategy that included updates to meet new technology enhancements such as ATM deposit automation, compliance with enhanced accessibility rules from the Americans with Disabilities Act (ADA) and replacement of older ATMs in the fleet. Today, the average age of a U.S. Bank ATM is five years.

Discover and the NHL Arrange for Surprise Stanley Cup Visit

Discover partnered with the National Hockey League (NHL®) today to surprise members of the Midshipmen with the Stanley Cup®, the most revered trophy in professional sports. The Midshipmen, who finished this season at 29-7-2 and ranked eighth nationally, were treated to a celebratory reception this afternoon at McMullen Arena in the Brigade Sports Complex. Navy hockey team members, who were holding an informal scrimmage at the arena, were treated to a surprise visit from the Stanley Cup. The surprise did not end there, as players from the Navy Youth Hockey league, along with their families, were invited to the arena to join the celebration where pizza and beverages were served and the Navy youth hockey players had the chance to skate with some of the Midshipmen players. Unbeknownst to them, they too would be getting a visit with the Stanley Cup.

RewardsNOW Launches New Loyalty Programs

RewardsNOW loyalty programs launched loyalty programs for three new clients during the first quarter of this year, a variety of new loyalty programs now being implemented, whether it is a brand new program for a financial institution, an upgrade and conversion of an existing program, or a tailored retailer and wholesaler program. In partnership with CO-OP Financial Services, RewardsNOW worked with Michigan Community Credit Union. Additional partnerships were made with Sterling United Federal Credit Union and Tri-State Dental Supply.

MagicPay Offers EMV Compatible Terminals Program

As the United States credit card industry is turning towards EMV enabled cards, merchants will have to upgrade their terminals in order to be able to process retail payments. While most merchants currently still use MSR credit card processing equipment, MagicPay Merchant Services, a South Florida-based company, is now offering EMV equipment for free to its merchants. The offer will make it convenient and priceless for current and new merchants to upgrade to the new EMV chip technology. The merchant services industry is being evolved every day with new technology, regulations, and security measures in order to protect card holders and decrease fraud. While countries like Canada has adopted EMV technology long ago, the United States is still behind and plans officially to launch EMV as a requirement for all merchants (except fuel dispensers) by October, 2015.

Sample PCI Policy Templates for PCI DSS V3.0 Now Available

Merchants and service providers can now download hundreds of high-quality PCI policy templates from the undisputed global leader at pcipolicyportal.com. Since 2009, pcipolicyportal.com has been assisting companies all throughout the word, from Cape Town, South Africa to Charleston, South Carolina, so turn to the trusted experts today for industry leading PCI policy templates.

Fime introduces EMV migration consulting

Fime payments consultancy launched a customized consulting offer to help US payment card issuers and acquirers accelerate their move to secure EMV chip payments.Designed specifically for the unique and complex U.S. payments industry, FIME’s EMV chip consulting packages can ensure successful, cost-effective and efficient migrations for organizations of any size and at any stage of implementation. FIME has extensive experience consulting issuers and acquirers on global EMV chip implementations from initial education through to successful implementation.

Fifth Third Posts 1Q/14 Net Income of $318mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fifth Third Bancorp reported first quarter 2014 net income of $318 million versus net income of $402 million in the fourth quarter of 2013 and $422 million in the first quarter of 2013. Net income available to common shareholders was $309 million compared with $383 million in 1Q/13, and $413 million…

Domino’s Adds Google Wallet

Domino’s Pizza is adding even more convenience to its customer experience by integrating Google Wallet with its Android ordering app. Domino’s customers who have an Android device can now pay for their online orders using Google’s digital wallet. Domino’s customers who place an online order of $10 or more using the Android ordering app and pay by selecting the “Buy with Google” button at checkout will receive a free order of Domino’s new Specialty Chicken, now through June 15.

NetSpend, Western Union Launch Co-Branded Prepaid Card

NetSpend, a TSYS Company and prepaid cards, partnered Western Union to develop an innovative co-branded prepaid card, available later this year. With approximately 68 million Americans are financially underserved without access to traditional forms of banking, many are turning to prepaid cards to spend, save and manage their money. With nearly 18% currently underbanked, NetSpend and Western Union will jointly develop the co-branded card’s custom features through NetSpend’s proprietary, fully integrated payments platform, and plan to deliver the card through a portion of their combined distribution networks later this year. NetSpend maintains an extensive network of 70,000 distribution locations and 130,000 reload points. Western Union offers its services in the U.S. through a network that includes banks, national retail and grocery chains and independent locations.

MasterCard Nominates Additional Board Members

MasterCard Incorporated announced that its Board of Directors has nominated Julius Genachowski and Merit Janow for election as independent directors at the company’s June 3, 2014 annual meeting of stockholders. Genachowski is managing director and partner at The Carlyle Group and served as Chairman of the U.S. Federal Communications Commission. Janow serves as Dean of Columbia University’s School of International and Public Affairs and has been a professor and served in various leadership positions at Columbia for the past 18 years. Janow served as a member of the Appellate Body of the World Trade Organization, following her tenure as Executive Director of the International Competition Policy Advisory Committee of the U.S. Department of Justice and Deputy Assistant U.S. Trade Representative for Japan and China.

Discover Financial Services Announces $3.2 Billion Share Repurchase Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced that its Board of Directors has approved a new $3.2 billion share repurchase program and increased the quarterly common stock dividend from $0.20 to $0.24 per share. This replaces the prior $2.4 billion share repurchase program. The company expects to make share repurchases from time to time…