Zuora continued expansion of its executive management team with the addition of Keith Costello, who will join as Zuora’s Senior Vice President of Global Services. An enterprise technology executive with twenty-five years of experience, Costello previously served in senior executive roles at Oracle, Siebel Systems, and at SAP. Guillaume Vives, who previously held the position of Senior Vice President of Professional Services, has been named Senior Vice President of Strategy and Product Management. Keith Costello was with SAP, where he held a variety of senior leadership positions, including Executive Vice President and General Manager in SAP’s business analytics and global services divisions. At Siebel Systems, Costello served as Group Vice President of Global Services, and at Oracle as Vice President of Oracle Consulting.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] “In addition to rising card portfolio deal prices, the most interesting thing about card market now,” notes R.K. Hammer, “is that the rising deal flow has for the second year in a row cut favorably across all card segments: prime/super prime deals, subprime, private label, and prepaid card portfolios – all…
Bluepoint Solutions announced Credit Union 1 has selected its ImagePoint ATM for ATM check capture. With $864 million in assets and 14 branches, Credit Union 1 boasts a service area spanning the entire state of Alaska. To better serve such a far-flung member base, the credit union launched a comprehensive ATM replacement project in December 2012 and installed ATMs from Diebold. After a thorough vendor review process between several providers, an internal project team deemed Bluepoint’s ImagePoint ATM check capture as the solution best equipped to handle the credit union’s projected growth and the addition of additional capture points in the future. Credit Union 1 also chose Bluepoint due to its accelerated time to market capabilities, as well as the company’s ability to integrate multiple RDC capture points that are supported by a single back-office cashletter system.
Tobyhanna Federal Credit Union will begin using interactive video ATM technology from NCR Corporation. Tobyhanna FCU has installed two NCR APTRA Interactive Tellers in order to increase service hours and create friendly and efficient member experience. APTRA Interactive Teller is the only ATM-based technology that not only lets people talk to a live remote teller, but also gives the teller remote control over the machine to conduct transactions. Tobyhanna FCU has made remote tellers on the machine available 24 hours a day, 7 days a week, resulting in a 78 percent increase in branch service hours. Adding an additional 10 hours of service per week to a typical financial institution branch can cost as much as $50,000 per year. APTRA Interactive Teller can conduct approximately 95 percent of typical teller transactions over the same timeframe at a fraction of the operational cost.
Yodlee is announcing its “Tandem” financial management app, allowing to users establish and manage their social financial relationships. With the app, users can set up financial circles, from their contacts and social networks, which have varying degrees of account access. The “Tandem” solution also gives users the power to establish financial circles based on levels of trust and account sharing access. It is an ideal bank app to engage customers in all segments and to provide significant value around financial interactions. Financial institutions will be able to incorporate Tandem directly into their existing mobile banking platforms. It also allows users to increase customer engagement and retention, create new revenue streams and learn more about their customers’ financial needs.
Mobile payments company Wipit closed a Series A venture round of funding from Core Innovation Capital. The investment will be used to expand adoption and development of the company’s mobile payments and financial services offerings. Core Innovation Capital, the investment partner of the Center for Financial Services Innovation (CFSI), exclusively invests in leading financial technologies empowering the underbanked at scale. Core Managing Partner Arjan Schütte will join Wipit’s Board of Directors. Wipit enables underbanked consumers from around the world to use cash for payments on their mobile phone or with an integrated prepaid card. The company also provides access to high demand, alternative financial services such as international money transfer, mobile check deposit, bill payment, and prepaid wireless replenishment – all from the convenience of a mobile phone and payable with cash funds loaded to the user’s Wipit powered mobile wallet account.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is making paying easier, demonstrating at the Innovation Showcase consumer shopping experience a glimpse into the products and services that transform the shopping experience and enhance convenience and security for consumers. Its 10 innovations include “ShopThis!” with MasterPass on the Intel and PhiSix Fashion Labs for a fully interactive 3D…
Jumio online and mobile credentials management has been selected as its technology partner to help sites running Magento reduce cart abandonment and increase checkout conversion. WebSpace Commerce (WSC) is one of the leading developers and consultants for the global Magento open source ecommerce platform operated by 150,000 merchants. WSC will be working with Magento sites to implement Jumio’s Netswipe card scanning technology. Jumio’s Netswipe works as an integrated option in merchants’ checkout process to give shoppers a quicker checkout process by using their mobile device’s camera to scan their payment card instead of manually entering their information. By removing the payment friction inherent in card data entry, Jumio clients enjoy checkout conversion improvement of 20% or more.
Dell SecureWorks has been approved as a PCI Forensic Investigator (PFI) by the PCI Council. Dell SecureWorks is one of only 11 PFIs in the U.S. With an entire practice dedicated to Incident Response (IR) and Digital Forensics, Dell SecureWorks can service any entity within the U.S. and can be on site within 24 hours. Any entity that stores, processes, or transmits payment card data and is the subject of compromise affecting payment card transactions or cardholder data is required to use a PCI Forensic Investigator to perform a forensic investigation. Dell SecureWorks can investigate and remediate breaches for organizations of all sizes. Sophisticated attackers hide malware in multiple places, and their tools, tactics and procedures (TTP) are always evolving. The Dell SecureWorks Counter Threat UnitTM (CTU) constantly gathers intelligence about threats actors and TTP as it actively monitors the global cyber threat landscape. Working closely with the CTU, the Dell SecureWorks IR teams contain threats and resolve security incidents quickly.
Paydiant cloud-based mobile wallet and cardless ATM access closed a $15 million round of funding from North Bridge Venture Partners, General Catalyst Partners, Stage 1 Ventures and two of Paydiant’s customers. Paydiant’s platform is currently deployed in partnership with prominent card-issuing banks, retailers, restaurants, merchant processors, debit/ATM networks and POS providers. The company was recently awarded a comprehensive mobile wallet patent for conducting payments in store, online and for pay-at-the-table transactions. With Paydiant, retailers and banks can begin signing up consumers today for mobile payments for multiple smartphone operating systems and smartphone to POS interfaces like 2D codes and NFC.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation released its First Data SpendTrend analysis for August, 2013 compared to August, 2012. Tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, First Data found August dollar volume growth was 7.3%, a slowdown compared to July’s 7.7%…
clearXchange, a joint venture among Bank of America, Wells Fargo and JPMorgan Chase, named Michael Kennedy CEO. Kennedy co-founded and served as chairman of clearXchange while working as executive vice president and head of Innovation and Payments Strategy for Wells Fargo Bank. As CEO, Kennedy will devote 100 percent of his time to leading clearXchange. He will be based in San Francisco. As executive vice president and head of Wells Fargo’s Innovation and Payments Strategy, Kennedy drove mobile and emerging payments, strategy across all payment products, and technology research and development. Prior to this role, Kennedy led strategy and implementation for Wells Fargo’s Wealth Management group, which he joined in 2004. He earned his Bachelor of Science with distinction and Masters of Science degrees in Industrial Engineering from Stanford University and his MBA with distinction from Harvard Business School.