Citigroup Posts Net Income of $3.9B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citigroup 1Q/14 net income of $3.9 billion and revenues of $20.1 billion. This compared to the year ago figure of $3.8 billion on revenues of $20.2 billion, respectively. Citicorp cost of credit of $1.6 billion in the first quarter 2014 declined 4% from the prior year period. The decline reflected both…

CO-OP Financial Services Announces Agreement on Visa EMV Common Debit Solution

CO-OP Financial Services signed an agreement with Visa to make the Visa EMV common debit solution available to its credit union clients. This long-term agreement between CO-OP Financial Services and Visa enables development of regulation-compliant debit EMV solutions using a common Application Identifier (AID). Some development will still need to be done at terminals (both POS and ATM) in order to choose the common AID, a priority for industry organizations such as DNA. CO-OP helped found DNA in December 2013, and will continue to play a key role in its activities. Michelle Thornton, Manager-Core Products for CO-OP, is a member of DNA’s Board of Directors. The Visa EMV solution provides portability for debit card issuers, and network routing choices for merchants and ATM acquirers.

Buffalo Wild Wings Deploys NCR Online Ordering

NCR announced Buffalo Wild Wings implemented its Aloha Online Ordering solution for its 1,000 company-owned and franchised locations in addition to to its existing NCR technology solution. The Aloha Online Ordering enables Buffalo Wild Wings customers to order online and avoid wait times on the phone. Their payment information is securely stored for future orders and they can review their order; increasing order accuracy. All web orders are instantly distributed to the appropriate store and then routed to the kitchen. Buffalo Wild Wings chose NCR for its global footprint, best-in-class solutions, reputation and commitment to the restaurant industry and the ability to work with one vendor as a long-term partner.

Datacard Group Announces Second-Generation Vision Verification Module for Central Card Issuance Programs

Datacard Group announced a second-generation Datacard MX Series Vision Verification Module to automatically ensure proper card stock is loaded prior to card issuance as well as verify printed elements after personalization is complete. This technology complements the numerous checks and balances already in place as the card passes through the personalization process. The enhanced Vision Verification Module utilizes a high-resolution camera installed in the module to capture an image of the card stock in order to locate and verify unique identifiers. Streamlined software increases image processing speed and gives operators the ability to set granular threshold limits to drive accurate downstream personalization activities.

ACI Wordwide Deploys ePay Property Tax Collection

ACI Worldwide electronic payment and banking systems announced Maricopa County (AZ) is utilizing its electronic payment solution to make it convenient for residents to pay their property taxes. ACI’s flexible bill pay technology provides residents the option of paying taxes online via debit card, credit card, electronic check or at POS stations at the County Treasurer’s office. With the County’s delinquent property tax due date approaching (on May 1), residents have a fast, easy and secure way to pay. Bill payments that can be made through ACI’s Official Payments website include the Internal Revenue Service (IRS), 23 state governments, the District of Columbia, more than 3,000 local municipalities and counties across all 50 states, 350 colleges and universities, and 450 utility companies.

Salin Bank Joins Alliance One ATM Network

Salin Bank partnered Alliance One ATM Network and is now part of a nationwide group offering surcharge-free ATM access to their cardholders. Salin Bank’s 23 ATMs will join more than 850 Indiana-based ATMs within the network. Alliance One is a selective surcharge-free ATM group comprised of financial institutions that have joined together to provide their cardholders access to a nationwide alliance of surcharge free ATMs. Salin Bank’s customers will have the opportunity to avoid the foreign surcharges – usually $3 or more per transaction – that are often assessed when a cardholder uses an ATM owned by another financial institution.

Payment Alliance International Partners with Ventura County Credit Union to Brand ATMs at Select Rite Aid Stores

Payment Alliance International (PAI) retail ATM solutions and Ventura County Credit Union (VCCU) signed an agreement to brand 23 ATMs at California Rite Aid stores. PAI will own and operate the ATMs reflecting VCCU’s branding, giving Ventura County Credit Union members surcharge-free access to cash at these Rite Aid locations beginning late April 2014. PAI operates one of the largest ATM networks in the United States, with ATMs at more than 60,000 retail locations across the country. As part of the network, PAI provides ATM services for approximately 1,500 Rite Aid locations nationwide.

USA Technologies Announces Record Connections for Fiscal 3Q/14

USA Technologies achieved a record approximately 22,000 new connections to its “one-stop” ePort Connect® service for approximately 20,000 net connections in its fiscal 3Q/14. As of March 31, total connections to USAT’s ePort Connect service totaled approximately 244,000. This is double that of the third quarter of last fiscal year. The Company will continue working with existing customers and the many vending operators who are now recognizing that cashless is a competitive necessity in today’s environment.

NCR Announces Latest Telecom & Technology Client

NCR Corporation and CradlePoint cloud-managed 3G/4G networking solutions for distributed enterprises signed an agreement that provides CradlePoint customers with expanded field service and support globally. NCR, through its Telecom & Technology line of business, will provide on-site installation, hardware maintenance and remote monitoring services that support CradlePoint’s cloud managed networking solutions.CradlePoint’s existing and new enterprise customers with geographically dispersed locations will significantly benefit from access to the more than 13,000 NCR badged service professionals and managed service centers globally.

FIS Expands Consumer Lending Offering through Acquisition of CMSI

FIS announced the acquisition of CMSI consumer loan origination software and services for undisclosed transaction terms. CMSI is a leading provider of consumer loan origination and portfolio management software to a broad spectrum of financial institutions within the U.S. and Canada ranging from community-based institutions to large, international lenders.

Paydiant Finalist for Innovative Mobile Solutions

Paydiant, Inc. today announced that its white-label, mobile wallet solution for merchants and banks has been selected as a finalist in the Most Innovative Mobile Solution category for the MITX What’s Next Awards. Paydiant’s patented, white-label, cloud-based transaction processing platform enables merchants and banks to quickly integrate mobile payments, offers, loyalty, and ATM cash access into their own branded mobile app.