Capital One 2013

Unloading the Best Buy credit card portfolio in September provided an artificial boost to Capital One’s average yield and net revenue margin in the third quarter for its U.S cards of 121 basis points and 123 basis points, respectively. However, in the fourth quarter the average yield was up 24 basis points compared to one-year ago, but down 121 basis points sequentially. The net revenue margin was up 59 basis points over the year ago quarter, but down 119 basis points from the prior quarter. For the fourth quarter average yield was 14.44% and the net revenue margin was 17.34% for the U.S. portfolio.

Fundtech Appoints New MD, Emea Sales

Fundtech global transaction banking solutions hired Peter Reynolds Managing Director for Fundtech EMEA Sales. As the head of EMEA sales, Reynolds is responsible for driving regional strategy and managing local teams. He reports to Chris Zingo, Global Head of Sales. Reynolds brings to Fundtech more than 12 years of sales and management experience in financial services. Most recently, he led the EMEA sales initiatives for treasury and risk management solutions provider, Reval. Prior to joining Reval, he was a Sales Director at Thomson Financial.

Visa Subscribes to SAP Financial Services Network

Visa announced the Visa Commercial issuer through the SAP Financial Services Network designed to help corporations more easily automate and process their invoice payments without the need for significant investment in custom software, and is planned to be available summer 2014. This will help corporations who want to move toward electronic business-to-business payments. This new offering will be designed to allow corporate clients of participating Visa Commercial issuers to route payment instructions to Visa via the SAP Financial Services Network.

TSYS Reports 2013 Adjusted Cash EPS Increased 17.8%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS posted 4Q/13 total revenues of $600.8 million, an increase of 25.4%. For the year, total revenues were $2.1 billion, an increase of 14.0%. Total revenues for the quarter and year were negatively impacted by currency translation of $3.8 million and $20.6 million, respectively, as well as a decrease in reimbursable…

Citi 2013

The bad stuff is declining and the good stuff is rising for Citbank-branded bank credit cards. For the fourth quarter Citi North America reported a 16% decline in charge-offs, a 14% decrease in delinquency while purchase charge volume rose 4% and the net credit margin rose 1%, year-over-year. Meanwhile, Citi’s North America retail store credit card business posted a 14% increase in purchase dollar volume, with a 17% rise in the net credit margin, offset by an 8% drop in charge-offs, year-on-year.

Oxygen8 Intros Multi-Channel Card Payment

Oxygen8 announces the launch of Oxygen8PAY e-commerce, mobile and IVR card payment solution designed to simplify merchants’ card payment operations through a range of communication channels. Complementing and integrating with Oxygen8’s current portfolio of products, such as mobile marketing platform Evolve and its Web Page Builder tool, Oxygen8PAY provides a full service proposition to businesses looking to engage with customers across multiple channels. This offers a simplified method of paying for products without the need for costly human resource. As a PCI compliant solution, Oxygen8PAY also holds a highly robust infrastructure with established policies and processes in place to ensure optimal security. It includes a flexible and scalable cloud platform, multi-device capabilities and trusted global payments with a real-time dashboard which can be viewed on any device.

ACI Worldwide Partners to Mobilize Payments Monitoring

ACI Worldwide announced the availability of Prognosis 10 for Payments, developed by Integrated Research and powers ACI Payments Service Management to deliver integrated performance management for ACI payments and fraud management environments. Cloud-enabled Prognosis 10, the next generation of this flagship payment service management solution, provides new options for in-depth monitoring and analysis of transactions, applications, IT infrastructure and payment devices to deliver deep business intelligence. Capabilities include mobile access, an intelligent 360⁰ view across the entire payments ecosystem and business Insight to understand and react immediately to potential issues.

Fiserv Introduces Secured Risk and Budgeting Capabilities

Fiserv announced that its Vantage Risk and Budgeting Manager application is available as a hosted software-as-a-service (SaaS) solution via the Intelligent WorkplaceSM web portal. Vantage Risk and Budgeting Manager via Intelligent Workplace from Fiserv efficiently integrates risk and budgeting processes into a performance management framework to provide a unified view of the key data needed to manage business. It links interdependent business functions – asset/liability management, budgeting and planning, management reporting – to help banks and credit unions make better decisions based on powerful insights into business performance. Vantage Risk and Budgeting Manager gives other managers the means to collaborate and provide input for their specific budgeting responsibilities through its distributed budgeting capability.

Clinkle Names New CFO

Clinkle Corporation announced the appointment of Mike Liberatore as chief financial officer. Liberatore joins the company from PayPal, where he served as senior director of large enterprise finance and the North America financial planning and analysis (FP&A) group. Earlier, Liberatore was based in Singapore and served as senior director of finance for Asia-Pacific, during which time he helped triple the APAC business over four years. Before PayPal, Liberatore worked at eBay in several roles, including director of corporate FP&A. Previously, Liberatore held a variety of financial positions at Adobe Systems, Intel Corporation, and Hewlett-Packard.

FIS Reins on U.S. EMV Smart Card Transition

FIS is furthering EMV production and transitions with its programs for more than 50 financial institutions over the last 12 months. Offering implementation and issuance programs for providers looking to upgrade to the EMV standard used across most of the world, FIS has taken a leading role in several EMV initiatives that support financial institutions, retailers, government entities and individual consumers. Through its NYCE Payments Network, FIS is one of 10 founding members of the Debit Network Alliance (DNA). A collaborative effort of 10 of the largest debit PIN networks, Debit Network Alliance is working to create a standard for EMV debit card processing that will meet Durbin Amendment rules and allow for an open and competitive debit network marketplace. Its Travel EMV Prepaid Card program allows banks to quickly and easily sell prepaid smart cards to customers without implementation costs.

Jack Henry Announces Latest SilverLake Bank Client

Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced that Merchants Bank has selected its SilverLake System® core processing platform to provide enterprise-wide automation. This Vermont-based mid-tier bank will implement SilverLake through Jack Henry Banking’s outsourced offering, JHA OutLink Processing Services.

Zenmonics MobileBANKER

Zenmonics Inc. announced that Bank of North Carolina (BNC) has adopted the Zenmonics mobileBANKER platform to transform its customer sales and service capabilities. By combining data and services from disparate bank systems, Zenmonics mobileBANKER delivers a complete array of sales, marketing, transaction and account services functions through a single interface on a secure, mobile tablet device. Bank personnel can work with a client from virtually anywhere – inside the branch or out – without having to toggle between various systems and applications.