Trust One Payment Services Appoints Seasoned VP, Operations

Trust One Payment Services credit and debit card transaction processing company Charge Payment Appointed Michael Campbell VP, Operations. Bringing more than 25 years’ experience in the payments processing industry, he has developed an outstanding reputation for his work, particularly in risk management, fraud, credit, portfolio management and acquisition, analytics and policy. Since April 2012, he has served as a Senior Risk Consultant for The Strawhecker Group, a management consulting company focused on the global electronic payments industry. He was most recently Chief Credit Officer and Head of Merchant PCI at WorldPay. This after having served as VP, Credit with Chase Paymentech Merchant Services, and VP, Head of Credit, at Chase Merchant Services.

Fime Establishes Discover Contactless Testing

Advanced secure-chip testing provider, FIME, has established a testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment Application Specification (D-PAS) products. This will verify that these products meet robust security requirements, international industry standards and achieve global market interoperability. FIME prepared a contactless D-PAS test specification for both chip-based payment cards and acceptance terminals, which formed the basis of FIME’s work to develop and launch a customised test plan and test tool, which will be used by FIME’s laboratories, product developers and acquiring banks to confirm that Discover contactless products perform as intended once launched.

DAB Bank Continues First Data Processing

First Data electronic commerce and payment processing renewed its processing contract with DAB Bank AG, a subsidiary of UniCredit Bank AG and part of UniCredit Group, for a further five years. First Data will continue to be responsible for delivering card processing services for DAB Bank AG’s MasterCard Classic, MasterCard Gold, MasterCard Platinum and MasterCard World Signia. First Data will also continue to provide a range of technical services for processing electronic payment transactions including account processing, authorizations, transaction processing, accounting and fraud prevention, as well as operational services such as contact centre services, emergency card replacement services and disputes handling for DAB Bank AG cardholders.

D-PAS Testing Established

Advanced secure-chip testing provider, FIME, has established a testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment Application Specification (D-PAS) products. The test framework will verify that these products meet robust security requirements, international industry standards and achieve global market interoperability. Using its expertise as an approved laboratory and test tool provider for the payments industry, FIME prepared a contactless D-PAS test specification for both chip-based payment cards and acceptance terminals.

ACI 3Q/13 Revenue Up 35% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ACI Worldwide posted 3Q/13 revenue of $216 million, up 35% by $56 million from the year ago figure. Monthly recurring revenue grew to $151 million, up $46 million, and represented 71% of total revenue in the quarter. Excluding Online Resources, recurring revenue grew 9% from Q3 2012.New sales bookings, net of…

Fiserv Appoints Group President

Fiserv announced Byron C. Vielehr has been named group president of its Depository Institution Services group to oversee domestic account processing businesses for banks, thrifts and credit unions. Bringing to the roll more than 25 years of technology and financial services experience, Byron most recently served as President of International and Global Operations for Dun & Bradstreet (D&B) (NYSE: DNB), responsible for all D&B businesses outside of North America and led operations globally. During his tenure at D&B, which began as Chief Information Officer in 2005, Vielehr held a succession of senior executive positions, including leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. He holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.

Fiserv Announces Latest Processing Client

Fiserv announced that SAC Federal Credit Union selected its DNA account processing platform and several surround solutions to accelerate its rapid growth. DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, SAC FCU benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships. With the DNAcreator development toolkit, the credit union’s technical staff can create seamlessly integrated, custom core extensions called DNAapps™ that add new functionality, screens and processes to DNA. SAC FCU can sell its DNAapps to other financial institutions as well as purchase those created by others through the DNAappstore – the first collaborative online marketplace for custom core applications.

UL achieves EMVCo Qualification

UL is pleased to announce that EMVCo has qualified the latest versions of the Collis CPA/CCD Level 2 Test Suites which are used to test card products.
The Collis CPA/CCD Level 2 Test Suites are part of the EMVCo test suite portfolio and test whether a card works according to EMVCo standards for CPA (Common Payment Application) and CCD (Common Core Definitions). The benefit of these test suites is that tests can be performed during the development process of a card so that any errors that may come up during certification are discovered during development. The Collis CPA Level 2 Test Suite (version 1.0.i) is designed to test EMV application behavior on CPA cards while the Collis CCD Level 2 Test Suite (version 4.3.b) is aimed at testing the minimum functionality required on a card to run an EMV transaction.

SWACHA Partners Aptys Solutions

SWACHA Services Corporation Electronic Payments Resource partnered Aptys Solutions as a technology provider for their automated clearing house (ACH) modules within PayLOGICS. This offers a common platform to support all aspects of payment processing, such as image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments. As financial institutions (FIs) continue to face changing industry regulations, Aptys Solutions offers the ability to consolidate payment processing including an end-to-end ACH solution for originating, analyzing, processing, receiving, managing, and monitoring ACH transactions.

Bank Better Initiative

BS Citizens Financial Group, Inc. announced the launch of Bank Better, a company-wide program to make banking simple, clear and personal for Citizens Bank and Charter One customers. Bank Better launches with a signature approach to overdrafts — no overdraft fee for transactions of $5 or less – and several other significant updates to the bank’s offerings.This feature applies to an unlimited number of transactions of $5 or less. Replacement of a tiered system of overdraft fees with a simple flat fee of $35 per item for overdrafts and returned items greater than $5. There are no changes to Sustained Overdraft Fees, which apply when an account is overdrawn by any amount, for three or more consecutive days. Complete overdraft policies will be available online starting November 8 when the simplified policies take effect.

MultiSIM Smart Card

All in one SIM card released by Oberthur Technologies Friday improves flexibility at warehouses and point-of-sale. The card contains the first classic 2FF, micro 3FF and nano 4FF all in one card. It is a key progress on the telecom market as it dramatically improves the user-friendliness of the SIM card. Concretely, it means that the same SIM card can be used in any mobile phone. If end-users want to change from one form factor to another, they do not need to ask their operator for a new SIM card but can just deplug or replug their MultiSIM.