Fundtech enlisted Customers Bank and its 14 branches to deploys its “ACHplus” to improve ACH automation. Fundtech’s ACHplus automates mission-critical ACH processes to allow U.S. banks to scale up the volume of their ACH business significantly, while at the same time reducing cost, improving customer service and increasing customer loyalty and profitability. With ACHplus, Customers Bank gets a single ACH research facility, enabling the bank to streamline ACH processing and reduce risks, such as human error and potential fraud.
Acculynk is now offering U.S. merchants the capability to accept China’s Union Pay PIN debit cards on their Chinese websites using the PaySecure International graphical PIN pad for UPOP authentication. U.S. e-commerce merchants interested in tapping into the large number of consumers in China must be able to accept Chinese payment methods, as well as authenticate a Chinese cardholder in order to make the sale. PaySecure International provides U.S. merchants the ability to accept and authenticate Union Pay cards with the same PaySecure PIN pad used for internet PIN debit transactions with U.S. cardholders. Airbnb, the world’s leading marketplace for booking, discovering, and listing unique spaces around the world, will be the first U.S.-based merchant to leverage PaySecure International to access the more than 3 billion UnionPay PIN debit cardholders. Chinese customers can now use their UnionPay debit cards to secure accommodations at one of Airbnb’s 300,000 listings worldwide.
CPI Card Group EMV and commercial card production received recognition in a new member program from the Smart Card Alliance called the Center of Excellence. The Smart Card Alliance Center of Excellence is a new recognition established by the Alliance in 2013 to acknowledge member companies who reach the highest level of active participation in the Smart Card Alliance. Inclusion in this elite level is directly related to a number of accomplishments and involvement companies have demonstrated in 2012-2013, including: Industry Council recognition for Honor Roll membership or Top Contributor to one or more of the Alliance’s Industry Councils; council officer position elected by peers; LEAP/CSCIP training and certification; corporate CSCIP training and certification participation; and supporting membership in the EMV Migration Forum.
ProPay, a TSYS company, will provide nonprofits and organizations using Little Green Light LLC (LGL) online donation solutions with simple, secure and complete end-to-end payment processing services. So far in 2013, there has been a 21-percent increase in online donations in the U.S.*, and the trend is expected to continue in 2014. This growth will dynamically impact the need for processing and administration solutions in the donations space. With this new technology, nonprofits will be able to create customizable “donate now” forms for one-time and recurring donations via all major credit cards ” both U.S. and international ” as well as ACH transactions from U.S. banks.
Evo Payments International acquired the Encore Group. The Encore Group, consisting of existing EVO strategic partners Encore Payment Systems, Prodigy Payment Systems and Momentum Payment Systems, is headquartered in Addison, Texas and provides payment processing solutions to small and medium sized businesses located throughout the United States and Canada. EVO has grown significantly by introducing leading payment solutions to the market, as well as acquiring domestic and international businesses. The Encore acquisition enables EVO to leverage Encore’s proven North American sales distribution strategies to drive further growth in EVO’s new international markets.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 5.25% in September from last year to an adjusted $846B from 842.5B, the continued defenestration of positive momentum continues in 2013. Continuing to grow, the September revolving credit outstanding is still not as high as the 2008 figure of $1trillion and is…
VeriFone Systems has been awarded a comprehensive managed payment services contract by Réseau Clubs Bouygues Telecom, the consumer retail affiliate of Bouygues Telecom, one of France’s largest fixed-mobile operators. VeriFone will provide its managed services software”PAYware Wynid”as well as helpdesk support, gateway services and VX 820 advanced PIN acceptance devices that support all types of electronic transactions. VeriFone’s VX 820 PIN pads will help Réseau Clubs Bouygues Telecom engage customers and drive revenues by delivering targeted promotional and branding messages to customers during checkout through the devices’ color touch screen. PAYware Wynid will consolidate and route all electronic payments made at each of Réseau Clubs Bouygues Telecom’s 400 retail stores through a single gateway that utilizes VeriFone’s encryption and tokenization services and is hosted in a PCI DSS validated hosting center.
Picture Pay mobile photo bill payment app has seen 17 percent month over month increase in active end-users and 13 percent monthly growth in the number of items processed since its launch in November 2012. The product’s creators Mitek, Allied Payment Network and Malauzai Software Inc. also reported that 5 percent of active mobile banking users employed the feature in the first 90 days after its launch. That is above the usage figure of 3.5 percent for standard bill pay on the mobile device. Picture Pay allows users to complete a payment by taking a photo of the bill statement, confirm the amount to be paid and submit the payment to the financial institution.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its “SpendTrend” analysis for Oct. 1, 2013 through Oct. 30, 2013 compared to the year ago period, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Dollar volume growth in October was 6.8%, a healthy uptick from…
FreedomPay is teaming up with Microsoft in an effort to extend mobility past the simplicity of a phone or tablet application and integrate mobility into the underlying business processes of enterprises through the use of their Payments Platform as a Service offering. To harness the power of mobility, enterprises must unify consumer and inventory data across disparate back end systems – CRM, POS, etc, and link a consumer’s identity across multiple outlets – Facebook, Skype, Xbox, mobile, and credit cards that will result in a 360-degree view of the customer. Enterprises can then deliver targeted incentives to consumers based on their interests and buying habits to drive the desired behavior. A simple app can’t do that; you need a platform. The FreedomPay Commerce Platform includes mobile payments and incentive technologies that work with live POS systems, a state-of-the-art gateway that transmits exceedingly detailed transaction data, and rigorous security tools.
VeriFone introduced UX Solutions unattended payment devices to improve transaction security, speed and reliability for vending machines and other self-service environments, including parking meters, petroleum pumps and ticketing machines. VeriFone’s UX series of unattended payment devices enables merchants to meet growing consumer demand for self-service transactions by providing customizable payment systems that securely increase transaction volume and speed and accept payments from mobile wallets, EMV and mag-stripe cards. UX Solutions fulfills the latest security standards, including PCI PTS 3.1 and EMV Levels 1 and 2. Integrated LCD screens guide consumers through transactions and securely display payment amounts while providing merchants the ability to upsell through targeted messaging.
NCR announced First Data certified NCR APTRA Interactive Teller for its network allowing First Data FI ATM clients to use the solution for standard ATM transaction processing. APTRA Interactive Teller gives a live teller remote control of an ATM to conduct two way audio/video transactions with customers. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as deposit automation, bill pay and new account and loan initiation.