ACI Posts 4Q/13 Revenue Up 26% Y/Y

ACI posted 4Q/13 revenue of $283 million, up $59 million by 26% from the year ago figure. This was thanks in great part to new sales bookings up 25% while operating income was $86 million for the quarter, an increase of $10 million by 14% from 2012. Net income for the quarter was $50 million compared to net income of $50 million during the same period the prior year. Operating free cash flow in Q4 was $62 million, up from $24 million in the prior-year quarter.

Fiserv Announces Latest Client Contract Extension

Fiserv announced Abri Credit Union extended and expanded its relationship, selecting “XP2” from Fiserv for account processing along with value-added capabilities for mobile banking, person-to-person payments, online banking, bill pay, and product and service messaging. The “XP2” advanced technology platform with established integration across a broad range of Fiserv solutions is designed to improve efficiencies and maximize cross-selling opportunities. The credit union will leverage the enhanced XP2 lending functionality, as well as the solution’s customizable workflows, to gain efficiencies in its mortgage and small business lending processes. Cross-channel integration will enable members to get up-to-the-minute account information and help staff answer member questions with just a few key strokes. The credit union will also implement “Popmoney” to enable its members to send and receive person-to-person, or social, payments, while Mobiliti™ will introduce comprehensive mobile banking functions, including payment and deposit capabilities, to its members. Additionally, Abri Credit Union will implement Corillian Online® for online banking and CheckFree® RXP® for online bill pay.

NRF Welcomes Chase PIN and Chip Announcement

The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the announcement by JPMorgan Chase & Co. that the bank will issue its Europay MasterCard Visa credit cards as PIN and Chip cards. NRF retail trade association represents discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation.

Square Acquires BookFresh Merchant Solutions

Sellers use Square to manage POS with Square Register, run loyalty programs and promotions for customers, and access important analytics that help them make better business decisions. Now they have added resources thanks to the Square acquisition of Bookfresh POS merchant solutions. The BookFresh team remains dedicated to maintaining and improving the product. For Square merchants, the Company will continue to advance easy-to-use commerce for dynamic customer experiences.

Dash Mobile Raises $1.2 Million and Releases iOS 7 Update

Dash, a mobile payment platform for restaurants, bars, and clubs, that allows patrons to check-in, view, split, and pay their tab from the Pay with Dash smartphone app, announces today that it has raised $1.2 million in a Seed-2 round, bringing its total seed fundraise to $1.9 million. Existing investors including New York Angels, Caerus Ventures and Jonathan Segal, Founder and CEO of The ONE Group, participated in this round, with new investment from Mike Germano, CEO of Carrot Creative. Coinciding with the new fundraise, Dash also released today a iOS 7 update for the Pay with Dash app that incorporates location-aware BLE to automatically check-in patrons as they walk into a venue. Additionally, a stored credit system allows both Pay with Dash users and venues to pay with and offer credit that can be used towards any Dash tab.

Visa and First Data Announce EMV Partnership

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and First Data’s STAR® Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly…

Chase Liquid to Adopt New Disclosure Box

Chase today unveiled a new simple and clear disclosure form for its Chase Liquid® prepaid card. Chase is the first prepaid provider to adopt a new model disclosure box released today by Pew Charitable Trusts. The new disclosure form allows customers to plainly see a description of fees and when deposits are available in a simple, easy to read format. The new prepaid disclosure form builds on Pew’s success in creating a model simple disclosure form for checking accounts. In December 2011, Chase worked with Pew to develop a revised summary guide for Chase Total Checking that made its terms and conditions easier to understand for consumers.

AnywhereCommerce upgrades Rambler mPayment

AnywhereCommerce launched its latest version of its mpayment acceptance device, “Rambler 3.0.” Engineered with increased flexibility to work with most smart phone and tablet cases, the “Rambler 3.0.” transforms smartphones and tablets into full-featured, highly secure mPOS, enabling secure and reliable acceptance of magnetic stripe card payments. Supporting multiple card-present magstripe payment methods, including debit, credit, gift and loyalty card transactions, Rambler 3.0 is a cost-effective solution for nearly any card acceptance need. This third-generation release of the product includes a redesigned form factor featuring flexible clip-arms for a surer, more snug and secure fit when attached to a smartphone or tablet.

NXP Offers mPayment Platform Support

NXP Semiconductors announced its NFC controller, PN547, is successfully integrated with Google’s latest version of the Android 4.4 operating system, ‘KitKat’. Android 4.4 now offers new platform support for NFC-based transactions through host-card emulation (HCE), allowing Android smartphone owners to use their phones to initiate a wide range of mobile applications, including payments, loyalty programs, card access, transit passes and other customized services. Support for Android 4.4 and HCE allows more consumers to experience the potential of NFC and will further expand the ecosystem. NXP has successfully demonstrated and validated multi-Secure Element (embedded SE, UICC based SE and HCE) performance on its leading NFC controllers to facilitate OEM adoption and integration. PN547 improved RF performance, easing EMVCo and NFC Forum certifications while using smaller antenna size and lowering overall solution bill of materials.

PAYe Network introduces US ATM cardless network

PAYe Network announced the launch of its USA network at the ATMIA Conference 2014: Reinventing the ATM. PAYe Network is the world’s first universal ATM ‘Pay-In-Pay-Out’ global cardless network with over 1 million cash-access-points with built-in interoperability to existing financial networks and full regulatory compliance. PAYe transactions can be initiated with or without a card by utilizing state-of-the-art virtual tokenization technology and patent pending systems and methods. PAYe identified a problem in the current payments system and has developed a unique solution. The problem is that ATM networks only allow for bank issued debit and credit card transactions.