Fiserv multi-asset post-trade processing solution, TradeFlow, is now available for financial institutions operating on Red Hat® Enterprise Linux®, the leading global provider of open source enterprise-class technology. TradeFlow for Linux is designed to meet the demand from wealth managers for secure and scalable financial solutions designed for an open source technology stack. TradeFlow for Linux allows wealth managers to minimize trading risks, reduce operating costs and enhance efficiency across a number of post-trade activities, including trade capture, data enrichment and management, confirmation and affirmation, as well as settlement and clearing. The solution integrates support for central counterparty clearing of OTC derivatives through MarkitSERV, and facilitates the automated import of Standing Settlement Instructions from Omgeo ALERT.
WorldPay alternative payments and Telenor Business Internet Services AS forged agreements by which WorldPay handle payment transactions for Telenor Business Internet Service’s Software-as-a-Service (SaaS) offering. Telenor Business Internet Services AS selected WorldPay to provide its payment gateway, acquiring services, alternative payment acceptance, and risk management services. WorldPay will support Telenor Business Internet Services AS as the company increases its global SaaS footprint, first in Hungary with the launch of the Telenor cloud service solution which launched on the 29th of October 2013. WorldPay was selected for the company’s well-established global reach, both with the range of local payment types enabled and the ability to accept and settle transactions in multiple currencies.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumers are laying off paying down old debt and aggressive discounting incentivized consumers, modestly boosting spending on core retail sales. But job and income growth having slowed, in conjunction with the recent government shutdown, slowed confidence in a growing economy. Moreover, weak wage growth implies that the personal savings rate likely…
Chase and United Airlines will again kick off the holiday season with a VIP Lounge experience, where Chase United MileagePlus Card members relax and take a break from shopping in two United hub cities: Short Hills, N.J., and San Francisco, CA. From November 23 to December 24, 2013, Chase United MileagePlus Card members are welcome-along with up to three guests-to visit the VIP Lounges at two major malls that features refreshments, gift wrapping, bag and coat check, café seating, flat screen televisions as well as periodic special events exclusively for cardmembers. The VIP Lounges will be located in the Westfield San Francisco Centre, CA, and The Mall at Short Hills, N.J., located just miles from Newark Liberty International Airport, this holiday season. United MileagePlus Club Card members receive exclusive benefits, such as United Club membership; Premier Access travel services; First and Second checked bags free with the purchase of a ticket; No foreign transaction fees; and Luxury hotel and resort collection, while United MileagePlus Explorer Card members receive even more special privileges.
Fiserv has been named a finalist for the Innovative Applications in Analytics Award, presented by The Institute for Operations Research and the Management Sciences (INFORMS). Other finalists include Ford Motor Company and IBM, with the winner to be announced at the Spring 2014 Analytics Conference in Boston, Mass. Analytics and Business Intelligence Services from Fiserv helps financial institutions harness the power of data in financial systems to improve decision making, manage cost proactively, drive revenue growth and reduce customer attrition.
MasterCard (MA) and Green Dot (GDOT) announced an expanded relationship that allows all U.S. cardholders with MasterCard rePower-enabled prepaid cards to reload their cards via the Walmart Rapid Reload service. Walmart Rapid Reload utilizes the Green Dot Network to provide cardholders with a way to load funds directly to their cards by swiping their cards at any register at participating Walmart stores. Cardholders can add funds directly to their prepaid account by using cash or a pre-printed payroll or government check. Cashier-added funds will be available for use by MasterCard rePower-enabled cardholders within minutes.
American Express Chairman and Chief Executive Officer, Kenneth I. Chenault, will participate in the Goldman Sachs U.S. Financial Services Conference in New York City, on Wednesday, December 11. Chenault will participate in a question and answer session relating to the company’s business strategy and results. American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.
Sport Chalet and First Bankcard have teamed up to launch a new Sport Chalet MasterCard® that allows customers to earn more rewards and, in select stores, receive their card instantly. Initially, three of Sport Chalet’s California stores ” La Cañada Flintridge, Torrance and Pleasanton ” will feature a new technology platform that allows an actual card to be instantly produced for customers who are approved on the spot at the store. The other stores will all have instant credit available, which means customers can apply, be approved and begin shopping at Sport Chalet prior to receiving their card in the mail. The instant issuance technology is expected to be rolled out to other Sport Chalet stores in 2014.
Thales announced ROYALGATE payment solutions deployed its “payShield 9000” hardware security modules (HSMs) to secure its PAYGATE mobile point of sale (mPOS) solution allowing businesses to easily process secure card payments for magnetic stripe and EMV-compliant contact and contactless payment cards. Micro-merchants, mobile businesses and tradesmen as well as larger business like restaurants, retail sites and event companies have been looking to take advantage of the explosion in card acceptance, leveraging cutting-edge mobile device technology. However, these businesses have lacked an easy-to-use, all-in-one solution that could convert any smartphone or tablet into a secure payment terminal. To solve this challenge ROYALGATE developed the PAYGATE card reader, which connects directly or wirelessly to any smart device and can read any type of card – magnetic stripe, contact chip or contactless chip.
Pay.OnFraud and chargebacks are a core issue and a significant challenge for acquirers, PSPs and ISOs. The threat is international and ubiquitous. Choosing, integrating and calibrating the right risk management solutions is just as complex. For payment providers, continuously optimising their risk management is essential; however, being able to stay on top of everyday business at the same time is virtually impossible. PAY.ON, leading operator of Web-based, omni-channel payment infrastructure systems, boasts all the necessary expertise thanks to working with leading risk management providers for over ten years. PAY.ON is now integrating this knowledge into the new security product ‘OneClickSafe’ to provide its PSP/ISO and acquirer clients with immediate, maintenance-free, state-of-the-art and secure protection against fraud and chargebacks at the click of a mouse. OneClickSafe has the right safeguard ready for each PSP/ISO and acquirer: In addition to the security barriers automatically included, the ‘Smart’ version offers a global blacklist for every merchant account, a plausibility check by BIN country code (country IP) and a duplicate check in real time. ‘Advanced’ offers all the functions included in the ‘Smart’ version, as well as an anonymous proxy check and a merchants’ account velocity check to identify and combat fraudulent merchant activity.
Isis mobile commerce joint venture created by AT&T Mobility, T-Mobile USA Inc. and Verizon Wireless launched the Isis Alliance Program. The Isis Alliance Program supports merchant technology ecosystem partners with exclusive tools and resources to help them capitalize on the opportunities created by mobile commerce. The Isis Mobile Commerce Platform™ offers merchants the ability to deliver a richer, more personalized relationship with their customers through the Isis Mobile Wallet. It leverages the existing payments infrastructure, which means any merchant with a contactless payment terminal can accept payments via the Isis Mobile Wallet. Leading payment terminal manufacturers and software partners are integrating NFC mpayments and Isis SmartTap capabilities into point-of-sale (POS) offerings to ensure merchants can fully maximize the business opportunities created by mobile commerce.
Data analytics and technology firm Tranzlogic is excited to announce a partnership with Merchants’ Choice Payment Solutions that will give over 50,000 merchants access to Tranzlogic’s transactional data analytics platform. The agreement provides the ISO partners of Merchants’ Choice Payment Solutions the ability to offer advanced customer intelligence technology to their merchant clients that will change the way they do business and drive better decision-making. Merchants’ Choice Payment Solutions (MCPS) is a leading processing and servicing center for both ISOs and merchants alike. Their proprietary platform technology enables larger ISOs to board merchants on multiple platforms, while simultaneously allowing access to a variety of value-added business solutions. Now with Tranzlogic, the merchants, banks, and agents that rely on MCPS will utilize the proprietary technology that transforms transactional data into actionable insight.