ZTE Corporation, a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has selected Micropross testers for the internal pre-certification of their NFC enabled smart devices. This choice was driven by several factors. One of them, is the fact that Micropross test solutions are deployed at numerous validation laboratories in the world, which means that ZTE will be able to debug their prototypes in their own laboratories, and be very confident they will be successful when they will take the official validation session at an EMVCo laborarory. Then, Micropross EMVCo L1 analog test bench is the only one validated by EMVCo, which adds another level of confidence to the solution. And finally, only Micropross is able to propose a complete EMVCo test solution in a compact, all-in-one box such as the Contactless Test Station.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 7.5% in June from last year to an adjusted $857B, total nonfarm payroll employment increased by 162,000 in July as the unemployment rate edged down to 7.4%. The second highest outstanding total of the year, June revolving credit outstanding is…
Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced New Castle Bank launch Allied’s Picture Pay mobile bill pay solution, enabling its customers to pay any bill by taking a picture of the bill with their mobile device. In an effort to simplify the bill pay process, Ameriana Bank integrated Picture Pay into its existing mobile banking app, increasing the level of convenience for accountholders with a solution that is also more cost-effective for the bank. Once a customer takes a picture of the bill with their smartphone, they simply enter the amount and payment date, and the bill is paid. Picture Pay’s technology reads the data from the customer’s bill, and then its built-in analytics confirm the biller and execute the payment process. Picture Pay was developed in conjunction with Malauzai Software Inc., a provider of mobile banking SmartApps for community financial institutions.
Bluepoint Solutions partnered Financial Services (FSI) to offer DocX print and electronic statement fulfillment to credit unions nationwide. The partnership will allow credit unions to increase adoption of cost efficient e-statements through targeted promotions and customized, multi-channel member delivery. DocX creates and distributes personalized financial statements by combining a member’s account information with variable advertising and promotional content that is tailored to each member’s spending habits and preferences. Statements are designed specifically to each credit union’s branding and are delivered directly to the member through any combination of print mail, email and mobile channels. DocX streamlines statements from various types of accounts including credit card, checking and savings accounts, and auto and home loans into a single, cost-effective statement for mail or electronic delivery.
For the seventh year in a row, consumers have rated American Express highest in customer satisfaction among U.S. credit card companies, according to the annual nationwide study by J.D. Power. The study places American Express highest in overall satisfaction among 11 of the largest card issuers in the U.S. American Express remains the only credit card to receive the study’s top ranking since it was first conducted in 2007. The J.D. Power 2013 Credit Card Satisfaction StudySM looks at six broad categories to determine overall satisfaction: Customer Interaction, Billing and Payment Process, Credit Card Terms, Rewards Programs, Benefits and Services, and Problem Resolution. Over the past year, American Express has worked to improve the overall customer experience by introducing a host of new digital enhancements and updated product offerings, better connecting Card Members with American Express, merchants and each other. American Express ranked highest in Benefits and Services, Rewards Programs, and the Billing and Payments categories.
Paydiant cloud-based mobile wallet, cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane online shopping service in Matthews, N.C. beginning this month. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.
Fiserv announced that Community First Credit Union renewed and expanded its relationship with Fiserv. The $1.7 billion credit union is a longtime user of DataSafe® account processing platform from Fiserv and has added Fiserv solutions for digital channels including Virtuoso™ for online banking, CheckFree® RXP® for bill delivery and payments and Mobiliti™ for mobile banking. DataSafe offers credit unions scalable, integrated account processing technology with flexible deployment options. The database within the platform offers a full view of member information across the enterprise. Community First uses Virtuoso from Fiserv to provide a highly personalized home banking experience that is cost effective and easy for the credit union to manage and customize. Meanwhile, through the capabilities of CheckFree RXP and Mobiliti from Fiserv, members will have mobile banking capabilities such as account balance access, an ATM locator and alerts, as well as the addition of payment capabilities. The Mobiliti mobile banking service integrates with the credit union’s CheckFree RXP bill payment service, making it possible for customers to securely pay bills through their mobile device.
Evolution1 and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been named to the annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. Fuhu tops this year’s list. Evolution1 joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
Planet Payment payment processing and multi-currency processing services announces the Board of Directors has appointed Carl Joseph Williams as a Director of the Company. Carl Williams’ career in financial services spans 30 years and includes several high profile industry positions. He is currently CEO and founder of Baikal Group, LLC a consultancy and advisory company. From May 2012 until July 2013, he served as Managing Director of Pay Anywhere, LLC. Until recently he was also an advisor to Global Payments Inc. Previously, Mr. Williams was President of World Wide Payment Processing for Global Payments, a role that he held from 2004-2009, while living in Prague and Hong Kong. Mr. Williams also served as President of the Merchant Services Division of National Processing Company, one of the nation’s largest processors of credit card, debit and check transactions. Mr. Williams has served as an advisor to Planet Payment, Inc. since 2010. Mr. Williams holds a B.A. from La Salle University in Philadelphia.
The National Retail Federation issued the following statement in reaction to the Federal Reserve’s announcement that it will appeal a U.S. District Court judge’s ruling that the cap it set on debit card swipe fees in 2011 was too high; “We are very disappointed to see the Fed giving in to the banks. The facts are very clear that the Fed set the cap far higher than intended by Congress, and the court has insisted that the mistake be fixed as soon as possible. Instead, the Fed has taken a position that will drag this out while retailers and their customers continue to pay billions of dollars in inflated fees that harm that U.S. economy. We want to see this case resolved today, not next year, so these fees can finally be brought under control.”
USA Technologies announced details of its “MORE” ePort Connect loyalty and prepaid program. USAT customers will be able to offer rewards and discount offers for products purchased at their cashless-enabled locations to build loyalty, repeat business and a greater understanding of their consumers’ purchasing preferences. “MORE.,” offered as an enhancement to USAT’s comprehensive ePort Connect® service, is a byproduct of USAT’s ongoing commitment to drive additional value for customers through every connection to its ePort Connect service. “MORE.” enables USAT’s customers to offer either a standard or customized reloadable card, giving their customers access to more rewards, more exclusive offers and promotions and more discounts for future purchases at participating self-service machines.
Trustwave and Transaction Network Services have joined forces to offer an open and vendor agnostic point-to-point encryption service designed to help merchants protect their customers’ payment card information. TNS will host Trustwave Point-to-Point Encryption technology in its network and data centers enabling TNS to take encrypted transactions from merchants, decrypt those transactions, and securely send transaction data to one or more of a merchant’s payment processors or acquirers. The joint service will be an open platform that will interoperate with point-of-sale technologies and integrate with various payment processors.