ClearXchange Names New CEO

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.

Wildfire CU Deploys Fiserv Processing

Fiserv announced Wildfire Credit Union selected its “DNA” account processing platform and a comprehensive set of integrated solutions from Fiserv to better serve its more than 37,000 members. The “DNA” platform from Fiserv is the first open, person-centric core banking platform built for global collaboration. DNA was completely rewritten using C# within the .Net framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, clients benefit from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities and a 360 degree view of retail and business relationships. Wildfire will also implement “Nautilus” enterprise content management, Prologue™ financial accounting, ConvergeIT® interactive voice response, AML Manager anti-money laundering and the CRM/BI suite for DNA.

IMM e-signature platform Announces Latest Client

IMM announced that Colorado-based Premier Members Federal Credit Union has implemented its Document Exchange cloud-based eSignature solution. The credit union went live in June, and anticipates Document Exchange will provide convenience to its members and loan officers, saving thousands of hours each year through an electronically streamlined process. Desiring to further expand its reach and markets, the more than $445 million credit union needed to extend its presence beyond the physical branch network. Premier Members selected MeridianLink’s LoansPQ™ Web-based consumer loan management solution, which seamlessly integrates with IMM, to provide membership an end-to-end solution.

Clearstream Services IT and EastNets Offer SEPA

Clearstream Services IT, the leading provider for IT Managed Services and on-demand financial solutions, joins forces with EastNets, the leading global provider of compliance and payment solutions for the financial industry, to offer a SEPA solution in SaaS mode. Recent reports from the European Payment Council and the European Central Bank indicate readiness gaps in many countries and particularly for corporate and medium/small size financial institutions. This is despite the steadily progressing migration across Europe of payment market infrastructures to the SEPA framework and standards. For many financial institutions and corporates, the migration to SEPA is still a stretch in terms of resources, cost and time and the challenge to meet the February 2014 deadline for SEPA compliance is growing every day.

PayPal Beacon To Reinvent In-store Shopping

PayPal announces PayPal Beacon, allowing merchants to accept payment at many of their favorite stores completely hands-free. The PayPal “Beacon” will make the payment experience get out of the way. It will leverage Bluetooth Low Energy; a breakthrough technology that enables connected devices to communicate with each other seamlessly, while keeping the energy consumption at a very low level. By using BLE, transactions can take place without having to open up an app, without GPS being turned on, and even without a phone signal. Consumers will have full control of stores they will want to check in to, those they will want to get prompted to confirm payment for, and stores they will want to enable a complete hands-free experience for. We will be opening up our mobile in-store API soon for 100 developers to imagine ways to make the shopping experience better, from being able to self-checkout on your mobile phone to automatically placing a customer’s usual order as soon as they walk through the door.

DataCash Partners TV App Agency

DataCash is partnering with one of the leading Smart TV app development consultancies, TV App Agency, to deliver Smart TV payment solutions. The partnership will see DataCash integrate its payment gateway into TV App Agency’s ‘TV App Engine’, offering a new way for brands and app developers to accept payments through their applications. Currently developers creating apps for Smart TVs often require a significant amount of investment as there are different types of code and standards for each brand of Smart TV. The ‘TV App Engine’ however provides brands and app developers with a single platform that allows the development of one app that can be generated to work across many different Smart TV brands including Samsung, LG, Phillips, Sony, Panasonic and OperaTV as well as Sony PlayStation 4 and Xbox. Through the integration between DataCash’s secure and robust payment gateway with the TV App Engine, brands and developers can increase their return-on-investment as well as create potential new business models.

ROAM Partners Merchant Warehouse

ROAM of Ingenico partnered Merchant Warehouse to expand the company’s mobile payment acceptance solutions. Merchant Warehouse will leverage ROAM’s secure mobile card readers, associated software and services to provide its merchants and partners with new mpayment solutions. ROAM enables ISOs, acquirers and other resellers to quickly get to market with their own mobile solution without the expense of building one from the ground up. Resellers are able to leverage ROAM’s field-tested design, built-in security features, and cross-device support, while customizing the solution to meet their unique business needs.

Vodafone Expands NFC Footprint

Vodafone, Visa and BNZ make buying stuff with your phone a reality with the preview of Vodafone SmartPass, a new mobile payments application that will shrink the contents of Kiwi pockets and handbags. Vodafone SmartPass takes the stress out of shopping, and lets customers make convenient, every day purchases with a simple wave of a smartphone. Using contactless Near Field Communication (NFC) and Visa payWave technology, the app functions as a digital wallet. Once activated, customers can load funds from any bank to the SmartPass account, which can then be used to pay for items at any location with a Visa payWave contactless terminal.

Dynamics Launches Exclusive Artwork Gallery

This week Dynamics introduced a whole new experience for fans of diverse artists by enabling them to earn exclusive collections of their work. The collections feature photorealism, mixed media, golf, fantasy, gothic and allegorical acrylic art. Each artist has created new works exclusively for Dynamics ePlate® cardholders, and has taken what a credit card looks like to a whole new level – with each artist’s ePlate® card capturing their artistic signature. The cards are uniquely designed by each artist with their artwork on the front of the card – and in an industry first – they have also designed the magnetic stripe in their style, a stark contrast to the dark stripe we have all grown accustomed to on the back of credit cards. Collectors of these artists and other upcoming artists can now earn artwork with their everyday purchases.

Fiserv Partners Social Assurance on Social Media & Compliance

Fiserv signed a reseller agreement with Social Assurance to extend access to social media marketing and compliance solutions to banks, credit unions and investment advisors. With proposed social media guidance from the FFIEC, as well as myriad regulations governing advertising, financial marketing and employee engagement on social channels, financial institutions and their agents face special considerations when entering into social media. Social Assurance helps financial providers develop and implement strategies to support their marketing and communications goals, while also supporting compliance. The partnership between Social Assurance and Fiserv will bring this depth of expertise as well as social engagement tools to Fiserv clients.

Celent Profiles BankAmeriDeals, Cardlytics

Cardlytics, the leader in Card-Linked Marketing, was recently featured in Celent’s report, “Using Data to Create Value for All Customers: A Case Study of Bank of America’s BankAmeriDeals Program.” It examines Bank of America’s implementation of Cardlytics’ card-linked marketing rewards program to understand what it takes to implement such a program at a large bank, what can be achieved and what lessons can be learned. The report revealed several key differentiators of Cardlytics’ program, including intensive measuring, monitoring, controlling and continuous improvement. Retailers are looking for new ways to deliver targeted marketing offers to consumers, at scale. The Cardlyics advertising platform uses purchase data from approximately 70% of US households to deliver millions of targeted marketing recommendations each month to millions of active buyers.

Western Union mPayment Available on Sprint Prepaid

Western Union announced users of Sprint prepaid brands Boost Mobile and Virgin Mobile USA now have access to Western Union mobile money transfer services. Sprint’s Boost Mobile and Virgin Mobile customers can initiate a Western Union Money Transfer® transaction directly from the Money Center within the Boost Zone and Virgin Zone portals on their mobile phones. Western Union mobile money transfer services available through Boost Zone and Virgin Zone are enabled for select Android®-powered smartphones. Additionally, Virgin Mobile customers with an iPhone® can conduct a Western Union Money Transfer transaction via the mobile-optimized m.wu.com site.