USA Technologies To Demonstrate Cashless Payment Devices

USA Technologies will be demonstrating two new cashless payment devices at the NAMA OneShow to be held in April 24-26. USAT’s latest devices for cashless payment and telemetry”the ePort® G9 and ePort® G10″are designed to bring greater functionality and value to business operators as they optimize their cashless payment platforms to develop new sales opportunities and greater operational efficiencies. The ePort G9 represents a redesigned, feature-rich offering for USAT’s popular JumpStart program. It will include all of the functionality of USAT’s NFC-enabled ePort G8, plus new features designed to bring more value to businesses through expanded acceptance options, consumer engagement offerings, and advanced diagnostics. The G10 will also include EMV contactless L1; Contactless payment L2; Mifare, ISO14443; NFC, ISO18092; and EMV Contact L1/L2, among a host of others.

Conference Board Shows Consumer Confidence Drags on Index

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. declined for the first time after 3 consecutive months of gain with a 0.1% in March to 94.7. After a 0.5% increase in February and 0.5% increase in January, March witnessed equally balanced strengths and weaknesses among its components, but was…

USA Technologies SVP to Speak at NAMA OneShow

USA Technologies, Senior VP, Sales and Business Development, Michael K. Lawlor, will be presenting at two separate sessions at the NAMA OneShow being held in Las Vegas, April 24-26. Titled, Technology’s Impact on the Bottom Line, Lawlor’s first presentation will highlight the benefits of an integrated, comprehensive cashless payment and wireless telemetry platform as a fundamental business tool for driving incremental sales revenue and profit opportunities. Part of his presentation will include highlights from USAT’s 2013 Cashless Knowledge Base that supports the view that total sales and volumes benefit as consumers take advantage of cashless payment options. Lawlor will be joined by Mark McKinney, Senior Business Development Executive for the Isis market launch.

ACI Money Transfer Consolidates Solution Readiness

ACI Worldwide payment systems, announced the benchmark results for processing bulk payments on ACI Money Transfer System, offering financial institutions the opportunity to rationalize multiple payment processing systems, each typically with their own hardware, software and support costs, onto a single consolidated solution. This consolidation provides improved operational efficiencies and the potential for significant cost reduction. During the tests, Money Transfer System successfully processed 15 million transactions per hour through end-to-end, real world processing scenarios. It supports RTGS; CHIPS; ACH/SEPA; SWIFT Messaging and UK Faster Payments.

ControlScan Partnership Features its PCI Compliance App

The P2 Customer Relationship Management (CRM) system by POS Portal will soon feature a PCI Compliance application by ControlScan. Created specifically for merchant acquirers, P2 CRM has been widely adopted across the payments industry. POS Portal and ControlScan are partnering to enable direct access to tried-and-true ControlScan merchant compliance services through the P2 App Portal. ControlScan’s payment security and compliance solutions are utilized by more than 120 acquiring banks, payment processors and independent sales organizations (ISOs) to educate and protect a total merchant base that exceeds 1 million businesses. Through its new, seamless integration with ControlScan, P2 CRM will give ISOs and acquirers real-time, single-source access to detailed merchant compliance information that includes each merchant’s status in the PCI compliance process, the frequency and content of their interactions with ControlScan support agents, and more.

MoneyGram Launches Anti-Fraud Site

MoneyGram is warning consumers not to let scammers profit from tragedy by luring them to donate to fraudulent non-profit organizations following the Boston Marathon bombings. This type of fraud typically spikes immediately following national tragedies, with consumers losing an average of $824 when they fall victim to a fake charity scam. The organization may sound similar to a legitimate charity, and may even have a fake website that looks like an organization’s official site. As part of the company’s ongoing efforts to protect consumers from fraud, MoneyGram recently launched an enhanced version of its fraud prevention website – or Spanish website at – where consumers can arm themselves with information to prevent monetary losses to charity scams.

ACI Updates Issuer Software

ACI Worldwide payment systems announced its latest version of “ACI Issuer,” combating heightened regulation and antiquated systems to drive down the cost of issuing cards and managing customer accounts. Issuers can eliminate duplicate systems by issuing debit, credit, pre-paid and commercial cards as well as offering unsecured loans from a single issuing platform. Using ACI Issuer as a single platform also gives financial institutions a unified view of customers, accounts, payment types and transactions. A single view of the customer improves the ability of customer service representatives to respond to inquiries and resolve issues, increasing customer satisfaction.

First Data Enhances Payment Solutions

First Data electronic commerce and payment processing enhanced its existing “VisionPLUS” payment solution with “VisionPLUS Flex” comprehensive software solution. Available for delivery to financial institutions as a server-based appliance on a single platform, the VisionPLUS Flex solution supports issuing and acquiring of credit, debit, prepaid, consumer and commercial cards for private label, American Express®, JCB, MasterCard® and Visa® global brands, as well as consumer loans. It also delivers an extensive range of payment services and value-added options such as multi-currency and multi-language capabilities, and allows financial institutions to easily configure the settings and options they desire within the product. Once purchased, financial institutions simply choose a VisionPLUS Flex configuration option and the capabilities they desire; the solution is then assembled with the appropriate hardware and software.

AmEx Posts 1Q/13 Revenue Demonstrating Growing Cardmember Use

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express posted 1Q/13 net income of $1.3 billion, up 2% from the year ago figure, while consolidated total revenues net of interest expense were $7.9 billion, up 4% from the $7.6 billion figure a year ago. With this, U.S. Card Services posted 1Q/13 net income of $804 million, up 7%…

Vantiv to Oversee Anheuser-Busch FCU Payment Processing

Vantiv payment processing services and related technology solutions for merchants and financial institutions announced Anheuser-Busch Employees’ Credit Union (ABECU) enlisted its debit and credit processing services under a multi-year agreement. Vantiv makes debit and credit card issuing easy with its technology and account management tools. Allowing financial institutions to focus on expanding customer relationships and the growth of their portfolios, Vantiv also helps maximize cardholder touch points with its state-of-the-art mobile and online account access, and customized cards. The company’s 24-hour contact center provides around the clock support for cardholders who have questions or need assistance.

Swift Establishes Bank Payment Obligation Rules, Tools

Swift financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, and the Banking Commission of the International Chamber of Commerce (ICC), announced new legal and technology standards for Bank Payment Obligation (BPO) are now available. The BPO is a new payment term that allows buyers and suppliers to secure and finance international trade transactions. It provides the benefits of a letter of credit in an automated and secured environment, and enables banks to offer flexible risk mitigation and enhanced financing services to their corporate customers. The BPO rules will establish uniform practices for BPO market adoption. Together with the ISO 20022 messaging standards, these rules provide an industry wide foundation for banks to develop risk and financing services aligned with today’s technology.