[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Basware e-invoicing and purchase-to-pay solutions has partnered with MasterCard, one of the world’s largest payment networks, to launch a revolutionary electronic payment solution that ensures suppliers are paid fast upon invoice approval, while extending payment terms for buyers. Companies worldwide are looking to new ways to grasp the benefits that electronic…
CU Wallet credit union announced during the CUNA Technology Council that it is launching a credit union-centric mobile wallet application. At the time of the launch, 15 credit unions, ranging from $400 million to more than $5 billion in assets, and representing more than 2 million members nationwide, have signed agreements with CU Wallet. CU Wallet’s mobile payments platform is designed by credit unions, for credit unions to meet the needs of an increasingly mobile membership base, attract a new generation of members and generate new, sustainable revenue streams.
Grant Victor, the foremost retail-style ATM service and solutions provider in North America, announced a partnership with AppCard customer loyalty solutions to provide the industry’s first integrated ATM loyalty program for retailers, merchants, and ATM operators. The partnership and integration will be showcased at the upcoming National Association of Convenience Stores conference held October 13th – 15th in Atlanta, GA.
Equifax expands risk-based authentication capabilities within the Identity and Fraud product suite. Trends show that businesses want to improve the end user experience and reduce intrusive authentication methods while still maintaining security for online transactions and reducing fraud. A risk-based strategy that can segment safer transactions from riskier ones allows businesses a flexible way to balance risk, consumer friction, and cost. Our risk-based technology includes pattern and velocity detection, device recognition and risk score, and financial account validation, among other criteria. These risk factors combine within automated transactional decisioning to give business a workflow that challenges users with the most appropriate authentication based on the risk presented by the person, their location, and the task.
The Panini Board of Directors is pleased to announce Michael Pratt has been appointed Chief Executive Officer for Panini and will lead the company’s global operations and continued growth. Michael is an accomplished and widely recognized industry executive with extensive market experience and an impressive career track record of superior results. Michael joined Panini in July 2007 as Director of Marketing for Panini North America. He was promoted to global Chief Marketing Officer in March 2009, playing a strategic and central role in the expansion and diversification of the company. Prior to joining Panini, Michael served in successful senior executive roles with Standard Register, AT&T, and NCR. He earned a B.S. in Marketing from the University of Dayton and an MBA from Miami University.
With a view to making its online presence even more user-friendly, National Bank Direct Brokerage (NBDB) is launching a mobile version of the new website released in July (nbdb.ca). The mobile site optimizes user experience on smartphone devices, and is in line with NBDB’s interactive strategy, which calls for developing and improving e-channels to make our services even more accessible to self-directed investors. The new site at nbdb.ca, launched a few weeks ago in English and French, features a simplified, user-friendly interface, a new look, and a revamped Education Centre. It offers online investors a personalized path and content adapted to their specific trading style: novice, seasoned or active. The mobile interface, which is also available in English and French, has been enriched and adapted for use on smartphones.
Gemalto digital security enabled Nex-Tech Wireless to launch Long Term Evolution (LTE)high-bandwidth wireless services to its subscribers in the United States. Gemalto’s comprehensive solution combining the LinqUs™ Advanced OTA platform and the UpTeq™ LTE multi-tenant SIM ensures that Nex-Tech Wireless mobile users can immediately enjoy the benefits of fourth-generation (4G) broadband-connectivity as well as easily transition further to future technology upgrades such as NFC. In addition to facilitating faster broadband connections, the solution manages secure connectivity to all multi-tenant SIMs with reliability. The advanced UpTeq™ LTE multi-tenant SIM, embedded with Gemalto’s unique secure polling software, enables mass update campaigns with a high success rate. Gemalto’s solution is scalable for future deployment of a broad range of advanced services such as M2M applications, multimedia, WiFi offload and NFC.
Grant Victo ATM service and solutions provider announced a partnership with “AppCard” customer loyalty solution, to provide the industry’s first integrated ATM loyalty program for retailers, merchants, and ATM operators. Current and future integrations of AppCard’s technology into ATM machines provide promising opportunities. Retailers and merchants utilizing the AppCard loyalty program will eventually have the option of awarding additional loyalty points through ATM usage, have access to powerful consumer shopping behavior analytics, and provide personalized offers at time of ATM usage to drive incremental purchases within the location.
Fiserv announced First National Bank of Long Island (FNBLI)- a client since 1987- implemented its Common Origination Platform to meet its consumer, business and mortgage lending needs. Common Origination Platform from Fiserv is a single-platform solution that gives lenders a holistic view of their borrowers across all lending channels and products, aggregating data in one place regardless of the point of origination or loan type. FNBLI selected an ASP delivery model for Common Origination Platform. FNBLI also relies Fiserv Common Origination Platform and Signature with such solutions as CheckFree RXP, CheckFree Small Business, ConvergeIT, Risk OfficeSM, UChoose Rewards, Debit Processing, PEP+ and the Accel payments network.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. was up 0.7% in August to 96.6 (2004 = 100), following a 0.5% increase in July, and no change since June. The LEI six-month growth rate remains steady, suggesting that conditions in the economy remain resilient. Widespread gains in the leading indicators…
Digital River expanded its Value Added Tax (VAT) management capabilities by partnering with Meridian Global Services. Digital River has long provided VAT calculation and collection capabilities as part of its global commerce solution. Working with Meridian, Digital River can extend its VAT advisory and remittance capabilities as a companion offering to its Digital River World Payments solution. The joint offering provides cross-border merchants access to both global online payments and VAT compliance solutions. The technology combination benefits merchants by breaking down barriers that prevent them from maximising their overseas selling opportunities. While the Digital River World Payments solution enables merchants to cater to local preferences with regionally preferred payment options and purchasing experiences, Meridian’s solution helps merchants manage the back-office operations of VAT compliance, which go hand-in-hand with global transactions. Through its global payment solution, Digital River offers online merchants more than 180 international and local payment options, and over 170 transaction and display currencies.
PULSE debit/ATM networks implemented a major upgrade to its DebitProtect Fraud Mitigation Service and introduced an optional fraud blocking service. The enhanced system allows transactions to be blocked in real time, enabling PULSE participants to respond faster to suspected fraud before more fraud is perpetrated on a card, thus reducing losses and decreasing cardholder impact. The DebitProtect fraud mitigation system was first launched across the PULSE network in 2007. PULSE collaborated with Hewlett-Packard (HP) and Retail Decisions (ReD) on the DebitProtect upgrade. PULSE deployed the ReD PRISM® software solution, implemented on HP NonStop servers. The initiative received the 2012 HP Alliance ONE Partner of the Year Award for Innovation. In addition to the enhanced fraud detection service and new Authorization Blocking option, financial institution participants may use an optional service that includes the development of custom rules specific to their organization. This helps minimize the impact of false positives on cardholders.