Discover Inks New Debit Program

Old Second National Bank has teamed with Discover to create the Old Second Debit Card powered by Discover® Debit. Old Second customers will receive the new card in 2014, following a pilot program with bank employees. Discover Debit is managed by PULSE, a leading debit/ATM network, and a subsidiary of Discover Financial Services. Old Second, a PULSE network participant for more than 10 years, has approximately 50,000 debit cardholders. The bank provides full-service banking from Chicago-area branches in Cook, Kane, Kendall, DeKalb, DuPage, LaSalle and Will counties in Illinois. By joining with Discover, Old Second will provide its customers with signature debit cards that provide convenient access to manage and spend their funds, along with security features that give them peace of mind.

ACI Worldwide Recognized as Best-in-Class for Payments

ACI Worldwide announced its ACI Universal Payments Platform enterprise payments solution has been named a ‘Best-in-Class’ solution in Payments Capability in the 2013 Payments Hub report by CEB TowerGroup. Universal Payments Platform’s broad capabilities meant it was rated in each category evaluated in the feature audit of the research. The comprehensive payments hub analysis evaluates nine key technology firms across the industry using 22 attributes defined by CEB TowerGroup. The final report covers market drivers, case studies, spending forecasts, investment priorities and emerging technologies as well as a full-feature audit. ACI’s Universal Payments Platform is noted specifically in the Payments Capability category for delivering “linear scalability, high performance and platform independence for transaction processing.”

MasterCard Announces Newest Sponsorship Ambassador

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard announces its newest ambassador, Sir Nick Faldo, golf legend and winner of six major championships — three Open Championships and three Masters — and more than 40 tournament victories. The newly minted relationship will add to the company’s roster of seven world-class golf ambassadors including Ian Poulter, Graeme McDowell, Camilo…

Fiserv Announces Latest DNA Bank Client

Fiserv financial services technology solutions announced First National Community Bank (FNCB) selected its “DNA” account processing platform from Open Solutions, now part of Fiserv. It was chosen based on its real-time, open architecture and seamless channel integration as factors that will help the bank increase efficiency and provide faster, more complete customer service. DNA from Fiserv is the first open, relationship-centered core banking platform built for global collaboration. The platform provides 24/7 real-time processing and is supported by an extendable relational data model designed around the person, not the transaction, so that FNCB staff can securely view complete profiles of their retail and commercial customers. A single database design easily integrates with customer facing channels to streamline operations, saving time for staff and customers.

Xoom Launches Mobile Remittance App

Xoom Corporation announced its free Xoom Money Transfer App is now available in Spanish for Android and iOS devices. Xoom launched its free App in English on June 18, providing a fast and simple method for on-the-go Xoom customers to send money to loved ones. Xoom is the first pure-play remittance provider to offer a Spanish-language App for Android and iOS phones. The Xoom App is unique in its simplicity, allowing Xoom customers to complete a quick send money transfer to their recipient with a “one tap and one swipe” manner. This slide-to-send technique allows Xoom customers to send a money transfer to an existing recipient in just seconds.

Chase Sapphire Preferred and Bravo Host “Top Chef Masters”

Chase Sapphire Preferred travel rewards card and Bravo Media co-hosted the “Top Chef Masters” Season 5 Premiere Tasting Event, July 16, in New York City. “Top Chef Masters” host Curtis Stone, new head critic Gail Simmons and eleven critically-acclaimed chefs, featured in the upcoming season, which begins July 24, mingled with attendees and offered for the first time ever dishes straight from the show. Building on the excitement of the event, Chase Sapphire Preferred announced a $25,000 donation to City Harvest, the world’s first food rescue organization, which is dedicated to helping feed more than one million hungry New Yorkers each year. Several chefs from the new season of “Top Chef Masters,” including Franklin Becker, Richard Sandoval and Sang Yoon, among others, recreated dishes featured in Episode One. Chef Jennifer Jasinski prepared orange and ginger caramelized skirt steak with a roasted mushroom fregola salad, while Chef David Burke surprised guests with “angry” “shrimp atop smoky white bean hummus.

Misys Names Global Sales Director

Misys announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently. Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.

MoneyGram Partners DeviceFidelity to Offer mFinancial Service

MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.

Insperity Makes Available ExpensAble Plus MasterCard

Insperity human resources and business performance solutions launched its “ExpensAble Plus” MasterCard, offering clients front-end spending control through the integration with the Insperity ExpensAble Corporate expense management automation solution. Businesses now have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.

Mopay Launches One-Click eCommerce mBilling

mopay payment solutions for online merchants announced a revolutionary breakthrough in user convenience. In cooperation with Telefonica and Vodafone, customers are now able to complete Web-based carrier payments with a single confirmation click. An enhanced user profile creates the basis of this new anonymous ID technology, which significantly shortens the payment process and boosts conversion to a new industry benchmark level of 93% and more. Less friction means more user convenience and thus more completed transactions. The consumer receives a PIN via SMS on his mobile phone, which then had to be typed in manually in a subsequent payment window. Although this simple process required no user registration and produced stunning conversion rates, mopay has continuously worked for more than 10 months to improve the user experience even further.

Allied Payment & Malauzai Ink mPayment Client

Allied Payment Network online bill payment services to the financial industry and Malauzai Software mobile banking SmartApps for community financial institutions, announced that Midwest-based 3Rivers Federal Credit Union ($750 million) is the first credit union in the country to launch its Picture Pay mobile bill payment solution. 3Rivers has implemented the stand-alone Picture Pay solution developed by Allied and Malauzai Software and will offer Picture Pay as a separate mobile application in addition to its existing mobile banking app, enabling 3Rivers’ members to easily and securely pay any bill by taking a picture of the bill with their mobile device. Through Picture Pay, once a member takes a picture of a bill with their smartphone, they simply enter the amount and payment date and the bill is paid.