Ingenico POS Terminals FreedomPay Compatible

Ingenico and FreedomPay platform and payment processing provider announced their partnership and the certific ation of the innovative Telium2 series point-of-sale (POS) payment devices. The integration extends to Ingenico’s retail base application (RBA) and its innovative hardware, including iSC250 Signature Capture terminal and iPP350 & iPP320 PIN Pad devices. The newly supported Ingenico RBA software-powered devices will accept magnetic stripe and EMV chip-card payments, as well as NFC-based transactions, enabling tap-and-go mobile payments. Ingenico devices will be integrated and connect to the FreedomPay Commerce Platform(, a cloud-based smart technology gateway, that supports true point-to-point encryption (P2PE), instantly reducing merchants’ scope for PCI DSS compliance.

Deutsche Bank Up Payment Transparency

Deutsche Bank expanded its Guaranteed Plus product suite with its “Guaranteed US Plus” USD clearing. Designed to provide end-to-end pricing transparency for individual USD payments flowing into the United States (US), the “Guaranteed US Plus” solution enhances pricing transparency for The Guaranteed Plus product suite – a range of USD and EUR payments services – allows Deutsche Bank’s clients and their customers to benefit from enhanced pricing transparency and payment principal preservation. It allows financial institutions to direct individual payments originating outside the US to the local mass payments network, which ensures next day value with control over deductions and financial institutions worldwide to achieve end-to-end pricing transparency and improve fee and deduction management.

New Windows 8 Payment App on the Market

SunGard, Thomson Reuters, Temenos and FreedomPay are announcing new apps for Windows 8 and Windows Phone 8 that will help financial services companies across the world grow their businesses with mobile experiences for employees and customers. Windows 8 and Windows Phone 8 devices continue Microsoft’s long history of providing the security, manageability and compliance that financial services companies rely on. As financial services go mobile, the importance of access control, data security and computing power become even more important. App builders for the financial services industry recognize the power of the Windows 8 platform on mobile devices as essential to providing the solutions that their customers demand. Windows 8 enables new critical business mobility and productivity scenarios that meet the rigorous IT standards for security, manageability and support required in today’s financial services industry. FreedomPay mobile payment and incentive developed the FreedomPay Commerce Platform, available first on Windows Phone 8, which allows consumers to use the platform as a mobile wallet to pay at local stores and get exclusive mobile incentives. Payment cards, offers and loyalty cards are secured in the SEEK digital wallet, which simplifies the consumer’s payment experience.

YSPay & Accenture Partner on mPayments Solution

YSPay deployed its mpayments solution, developed in conjunction with Accenture, allowing its customers to process payments with any type of mobile phone. YSPay’s mpayments solution uses phone numbers to process payments – merchants type phone numbers to initiate payment processing and consumers receive a text confirming the payment will be sent. Accenture leveraged the Accenture Mobility platform to help YSPay rapidly launch and scale its mobile payments solution. YSPay is using the Accenture Mobility platform to connect with banks via China Union Pay – China’s bank card association – and with existing YSPay merchants who have point-of-sale machines in place, as well as with additional merchants, such as call centers and mobile top-up service providers. The Accenture Mobility platform allows clients to launch and scale vertical mobile offerings quickly on a variable cost, transaction model basis. This platform is fully equipped with features including published Web services and application programming interfaces (APIs), meaning that YSPay has the capability to integrate the platform with external systems and add new applications and services at any time.

LevelUp Launches mPayment SDK

LevelUp launched the LevelUp Software Development Kit (SDK), which will enable developers to easily integrate mobile payments into their own applications. The LevelUp SDK is part of LevelUp’s ongoing strategy to create an open platform for mobile payments, with easy access for merchants, consumers, and developers. For the non-technical folks out there, an SDK is basically a nicely packaged set of tools that lets developers build on a specific platform, or integrate some desirable functionality built by somebody else. SDKs can be really broad, enabling the creation of entirely new apps (like Apple’s iOS SDK), or much more specific, letting developers integrate existing functionality into their own apps (like Facebook’s social SDK). LevelUp’s SDK is more like Facebook’s than Apple’s. Developers can now add mobile payment-specific functionality to their new or existing applications.

Fiserv Appoints New SVP, Biller Solutions

Fiserv announced Robert R. Craig as its Senior VP, Biller Solutions. Here he will oversee strategic direction and day-to-day management of biller products and solutions from Fiserv, as well as business development, marketing and account management. He has extensive experience and is a respected leader in the billing and payments industry. Most recently, he was Chief Executive Officer of eDeposit Corporation, which provides prepaid financial services for consumers, merchants and businesses. Previously, he spent five years at Online Resources (ORCC), now ACI, as executive vice president and general manager of the eCommerce Services division, growing the company’s biller business by triple digits during his tenure. With a background rooted in the payments industry, Craig has also held leadership positions at First Data, REMITCO, Wells Fargo and JPMorgan Chase. He holds a bachelor’s degree in economics from Lafayette College.

Consumer Credit Outstanding up 4.5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 4.5% in June from last year to an adjusted $850B, it continued to erase all positive momentum seen in 2013. Continuing to grow, the July revolving credit outstanding is still not as high as the year ago figure of over $1trillion and…

NCR Exclusive Processor for NFL Team

NCR announced a four-year partnership with the Atlanta Falcons, whereby Official Falcons Gear, the Atlanta Falcons Retail arm, will use NCR Netkey Endless Aisle solution to allow fans on the main level of the stadium to order merchandise from designated NCR Express Zones and then pick it up any time they want before the game ends, dramatically cutting time spent waiting in line. NCR Wayfinding interactive self-service solution will be installed at the stadium, to make it easier for fans to find their way around the large, multi-tier stadium with a touch of the finger. NCR and the Falcons are also kicking off a series of programs for NCR employees and the community. Beginning in the spring of 2014 associates from the Atlanta Falcons Physical Performance Department will work with the NCR Human Resources Department to develop a wellness program specially designed for NCR employees.

Citi Retail Services Extends Staples Contract

Citi Retail Services announced a long-term extension of their successful 22-year credit relationship with Staples, the world’s largest office products company and second largest Internet retailer. Citi Retail Services will continue to provide processing services and customer service support for all of Staples’ private label credit card programs. Staples offers three private label credit programs to meet the needs of businesses and organizations of all sizes, as well as individual consumers: The Staples Business Credit Account with Revolving Terms, the Staples Commercial Billing Account with Net Pay terms, and the Staples Personal Credit Account. Each credit program has no annual fee, and can be used for purchases at Staples stores, by catalog and online at Staples.com.

Barnes and Fime Card Test Tool MasterCard Qualified

The card personalisation validation (CPV) test tool co-developed by Barnes and Fime has been qualified by MasterCard Worldwide to meet its latest CPV requirements version 6.2 (2013). The test tool – which is available in four forms, Barnes CPT 3000v3 CPV module, Barnes CAT 3000v3 CPV module, Barnes CPT PRO Issuer FIME-CPV and PersevalPRO FIME-CPV – helps issuers to reduce product time to market by enabling pre-certification of MasterCard and MasterCard PayPass™ cards. Banks, card manufacturers and personalisation bureaus can purchase the tool to test a product’s adherence to MasterCard standards prior to applying for the formal CPV service. The test tool has been qualified by MasterCard after extensive qualification tests, which confirmed that the tool collectively incorporates the personalisation functionality and security requirements outlined by the payment system in June 2013. This includes support of M/Chip Advance version 1.1 and Mobile MasterCard PayPass M/Chip 4 version 1.0 products as well as specific CPV requirements for the United States market. The tool has also been enhanced to automatically perform tests on all card interfaces – magnetic stripe, contact and contactless – without manual intervention.

Jack Henry Expands with IT-Lifeline

Jack Henry & Associates technology solutions and payment processing services primarily for the financial services industry has expanded its relationship with IT-Lifeline which enabled the addition of Centurion Enterprise-Level Recovery to its suite of disaster preparedness and recovery solutions. Centurion Enterprise-Level Recovery is an enterprise-wide data protection and recovery solution for Windows servers and their resident data. This cost-effective, secure data vaulting service supports Windows-based core systems, complementary banking solutions, and ancillary business systems such as email and office document platforms. The disk-based data protection and recovery services enable financial institutions to enhance their business continuity planning and testing, and expedite disaster response with immediate data access and recovery and local data restores. Centurion Enterprise-Level Recovery provides offsite data storage, eliminates the time and cost associated with tape-based recovery, provides workstation access from any location with an Internet connection, and is compliant with the FFIEC requirements for progressive and periodic testing of business continuity and disaster recovery capabilities.

MiiCard Launches Digital Bank Statements

Online identity proofing service miiCard launched Certified Digital Bank Statements as part of its verified online identity service at Finovate Fall 2013. Financial and professional service companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions. Certified Digital Bank Statements are user-controlled components of a verified miiCard identity. Upon request, miiCard members can authorize financial institutions or professional service companies to access one of two different levels of information. With miiCard’s Identity as a Service (IDaaS) platform and Certified Digital Bank Statements, businesses can quickly verify an individual can afford a loan or qualify for a service.