Diebold Announces Latest FCU Deal

Diebold, Incorporated (DBD) and Cash Transactions LLC (CashTrans), a Diebold certified dealer, are helping LGE Community Credit Union transform its branches into efficient environments that combine self-service and personal interactions. The Georgia credit union’s new Roswell-based branch, scheduled to open later this year, will feature four banking stations equipped with customized Opteva automated teller machines (ATMs) and a collaboration area where LGE representatives can interact with members. LGE is working with CashTrans to install Diebold RemoteTeller™ Systems at several branches and allows members to complete teller-like, envelope-free cash and check deposits.

ControlScan Launches “Smart” PCI SAQ

Payment security and compliance solution provider ControlScan has announced a new PCI SAQ solution with an all-new “smart” version that significantly simplifies SAQ completion and revalidation for merchants of all sizes. To reduce business risk, ISOs, acquirers and other merchant service providers (MSPs) encourage the merchants they serve to become compliant with the PCI DSS and validate that compliance by completing the SAQ. SmartSAQ is an interactive, cloud-based application that features a contemporary user interface, intuitive question presentation and go-to support tools that save merchants time while boosting their SAQ success rate.

Chase Implements Isis for Card Reloading

Chase disclosed it “is committed to providing cardholders with a first-rate mobile payments experience. Based on the positive results in Austin and Salt Lake, we are pleased to expand our relationship with Isis and provide Chase cardholders nationwide with another quick, convenient and secure way to use their credit cards for everyday spending while on-the-go.” Chase subsequently plans to allow Chase Freedom, Chase Sapphire, Chase Slate and JPMorgan Palladium cardholders to be able to load their cards into the Isis Mobile Wallet and tap to pay at thousands of retail locations.

transmodus Wins RDC Client

First Southern Bank is pleased to announce that it has selected transmodus to provide remote deposit capture with its check process automation functionality to its business clients. The transmodus check solution allows First Southern Bank’s clients to utilize one comprehensive system that handles the entire cycle of check processing. With the transmodus solution, a client simply scans a check from his/her location using a remote scanner, and the deposit is processed. The client receives automatic notifications, custom reporting and can monitor every step of the deposit 24/7/365 in real-time.

CardConnect Acquires SmartPay

CardConnect payment processing announced its acquisition of SmartPay online billing tool developed by Onsharp, an interactive agency that designs, builds and supports web-based technology solutions. The SmartPay enterprise billing tool gives a business’s customers the ability to receive, view and pay their bills online, eliminating the need for paper invoices. The tool is particularly beneficial for businesses that rely on invoicing – such as law firms, hospitals and manufacturers – and are looking for a way to streamline the process.

First Data Shows Spending Climbs in July

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation electronic commerce and payment processing released its “SpendTrend” analysis for July, compared to July 3-31, 2012, tracking changes in same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks. July’s dollar volume growth of 7.7% marked a 12-month high and an uptick from…

MoneyGram Foundation Awards $250,000 to Eight Organizations

MoneyGram distributed its first grants awarded through the MoneyGram Foundation. The Foundation, launched late last year, was established with a mission to help children around the world gain access to educational facilities and learning resources. The MoneyGram Foundation believes that education is at the heart of better economic opportunities, healthier families, and individual freedom and empowerment. Through the Foundation, MoneyGram grants funds to worthy organizations working to give children the best education possible. The MoneyGram Foundation chose eight organizations from hundreds of applicants. The programs span the globe, impacting thousands of children in six different countries and exemplifying the Foundation’s guiding principle of “inspiring minds and improving lives.” Currently, MoneyGram funds the Foundation through a monetary gift and access to in-kind resources. Recognizing the enormous need around the world for access to basic education, the Foundation plans to expand its funding support through contributions from others later this year.

VeriFone Enables ePayment in NYC For-Hire Vehicles

VeriFone Systems will begin installing payment systems for the new class of for-hire vehicles (FHVs) established to increase service to upper Manhattan and the New York City outer boroughs. New York City’s “Five Borough Taxi” plan enables the city to sell 6,000 street hail livery permits a year for three years. The new class of FHVs will be green in color and permitted to accept street hails north of East 96th street and north of West 110th street in Manhattan, and all of the other boroughs excluding the airports. VeriFone payment systems are now available to the new green FHV drivers who are required to have installed a Livery Passenger Enhancement Program (LPEP) approved integrated hardware and software system that includes a credit card acceptance device, a GPS unit, a driver information screen, and a passenger information screen enabled with an ADA-compliant payments system for the visually impaired.

CashStar to Provide Retailers mPayments & Loyalty Tips

CashStar will present at this week’s Financial Mobility Summit in Las Vegas. Addressing the steps retailers can take to navigate a crowded field to realize success in mobile payments and loyalty, attendees will leave with the ability to apply lessons-learned to their mobile marketing strategies and will gain an understanding of the power of branded currency to deepen customer relationships and increase retail sales in-store, online, and via mobile. CashStar will provide retailers the practical roadmap for transforming gift cards to mobile payment cards, and mobile apps to branded wallets. Joined by executives from Clutch and Card.com, Cornfield will explain how the convergence of gift cards, offers and loyalty programs will enable retailers and brands to influence and capture a greater share of consumer spending, increase frequency and loyalty, combat showrooming, and more.

Bluefin Payment Systems to Introduce P2P Encryption

Bluefin Payment Systems is set to introduce a PCI-validated Point-to-Point Encryption (P2PE) solution validated through qualified P2PE assessor, 403 Labs, LLC, in 4Q/13. The PCI P2PE Standard requires a PCI-approved point-of-interaction device (POI) and HSM (hardware security module) key management; software solutions are not currently eligible for P2PE validation. Bluefin’s P2PE technology can be implemented in retail POS systems, in call centers, and in mobile devices and will interface with the company’s PayConex platform. This provides security features such as tokenization, end-to-end encryption (E2EE) and transparent redirection.

JetPay to Change of NASDAQ Ticker Symbol

JetPay announced it will change its NASDAQ ticker symbol to “JTPY” effective at the start of today’s trading (prior NASDAQ common stock symbol: “UBPS”). JetPay Corporation (formerly Universal Business Payment Solutions Acquisition Corporation) (“JetPay” or the “Company”) is making this change to reflect the Company’s name change to JetPay Corporation, announced on August 1, 2013. JetPay provides a vertically integrated set of solutions that meet business needs for card acceptance, processing, payroll, tax and other financial transactions. JetPay also offers card-based solutions for our customers’ employees to conveniently receive and spend their pay.

Swiff Chip & PIN Approves Visa Ready Solution

Swiff mobility payment received approval for its Chip & PIN solution for use with Visa payments through the Visa Ready Program. The Swiff mobile payment Chip & PIN terminals will alleviate payment barriers for merchants, acquirers and customers by displacing cash and checks with mobile payment acceptance. This new step in the partnership between Swiff and Visa follows the announcement by Visa Inc. on June 5th, that Swiff had been selected as one of the leading mPOS providers to join the Visa Ready Program. The program is designed to provide innovators with an easy way to collaborate with Visa and gives merchants and consumers the peace-of-mind they need when transacting with a mobile phone.