Wells Fargo redesigned its ATMs with a layout featuring ease of use and a modern design. With the upgrades now available on more than 500 machines across several states, the new interface will launch at all the more than 12,000 Wells Fargo ATMs by May. A “Balance Dashboard” features balances at-a-glance, if the customer chooses, for their most used accounts while the ATM “Cash Tracker” tool helps customers manage their finances and automatically appears on the main ATM screen. This feature allows customers to visually track their monthly Wells Fargo ATM withdrawals. Customers can also set a monthly withdrawal target and can view details about how much they withdrew the prior month and their average over the past 12 months.
Inside Secure launched the all-in-one “ComboPulse” secure NFC system-in-package (SiP). This makes it easy to add NFC functionality into smart mobile devices. Combining INSIDE “PicoPulse” NFC RF front end “booster” chip, an INSIDE “VaultSEcure” secure element with Java Card OS, an antenna and all passive components in a tiny DFN8 package, the “ComboPulse” SiP requires no additional hardware, no external antenna and no tuning to add best-in-class NFC card emulation and peer-to-peer functions to mobile products at a fraction of the cost and time of traditional NFC solutions. The NFC card emulation capability provided by the ComboPulse SiP allows the mobile device to be used like a contactless smart card to communicate with standard contactless POS and other terminals to make purchases, validate tickets and coupons, accumulate loyalty points and perform banking and other secure transactions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] One of the ways for card issuers to augment their organic/branch card sales growth is to offer agent card programs to other, usually smaller, financial institutions. The sponsoring organization provides the card expertise and management and card member service while the agent institution generates new applicant/card accounts. Agents are often selected…
nCircle management solutions announced the U.S. Patent and Trademark Office awarded its second “PureCloud” patent. nCircle’s intellectual property portfolio now includes 11 patents, reaffirming nCircle’s position as the leading innovator in the network security field. nCircle patents cover a wide range of security innovations and represent the company’s significant, ongoing investment in security technology research and innovation. The “PureCloud” solution is a cloud-based security services platform that requires no hardware or software to be installed or managed. nCircle PureCloud dramatically reduces the cost and complexity of a wide range of security services — including vulnerability scanning, PCI scanning and web application scanning — making these practices easily accessible to small and medium businesses.
The National ATM Council U.S. Independent ATM providers and their suppliers requested MasterCard delay implementation of EMV chip card liability shifts for Maestro international cards at ATMs. The letter was co-signed by NAC and 36 member organizations including leading ATM deployers, processors and manufacturers, many of whom attended the January 29th NAC-sponsored EMV ATM Summit Meeting in Dallas. Formulation of a universally accepted AID (Application Identifier) consistent with financial transaction network routing requirements established under the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also requested were adequate time is provided for the ATM industry to test and deploy the AID, and all related hardware and software upgrades and change outs necessary to render the embedded U.S. ATM base of over 425,000 terminals EMV compliant. This has created some confusion in the marketplace as to the status of the earlier announced liability shift for MasterCard’s international Maestro cards used at U.S. ATMs.
Pageonce launched its service to pay individuals and small businesses through its new Pay Anyone service and now allows users to pay local bills. Paying local organizations, small businesses, and individuals is still largely done via paper checks. Already processing over $1 million in bill payments per day, Pageonce is far simpler and more convenient than writing a check. All that is required is the payee’s e-mail address or mobile phone number. Pageonce ultimately provides a mobile alterative for local billers to engage customers, reduce costs and more efficiently collect payments.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted a full 2012 year 3% revenue increase and a 4Q/12 revenue of $1.4 billion, flat compared to the year ago period. Operating margin was 20.1%, or 20.9% excluding TGBP integration expenses of $12 million, compared to 25.0%, or 25.4% excluding TGBP integration expenses of $5 million, in the…
Visa launched its plug-and-play mobile money platform, allowing financial institutions and mobile operators to offer bank-grade managed mobile financial services to consumers. This allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. This can enable domestic-only or globally interoperable mobile money services. Users can access a financial account that is linked to their mobile phone number. From cash-in and -out transactions at agent locations, to paying bills, sending money to relatives, topping-up air time and buying train tickets, consumers can take advantage of bank-grade financial services and Visa-quality payments. Visa’s new platform is designed to comply with the regulatory frameworks established for mobile financial services for mobile network operators and financial institutions to provide local connection to Visa’s global payment network, VisaNet.
UL is pleased to announce that the Collis Brand Test Tool, developed by UL’s Transaction Security team, has passed qualification by MasterCard for its new ATM module. The last couple of years, terminals with motorized readers became smarter detecting possible fraud. For that reason it became more and more difficult to let them accept a wired probe during testing. Our new solution comes with programmable cards for motorized readers. The cards will be personalized in a few seconds to behave exactly like a formal MasterCard or Visa test card. Subsequently, the test case from the scheme’s test plans will be executed, exactly in the way the Collis Brand Test tool users are used to. Logging from the card will be read and included in the verdict of the test. The tool will provide the same outstanding level of step-by-step guidance to the user.
Cardlytics is expanding its service to allow consumers to opt-in to receiving offers and rewards via Facebook. This will allow partner banks to deploy a Facebook App that integrates with the Cardlytics reward platform and let consumers privately see their offers and rewards while using Facebook. The Cardlytics software simply uses the Facebook API to create a link from an anonymous token ID at the bank to their individual Facebook ID. Cardlytics specializes in card-linked marketing, partnering with more than 300 banks providing insight into the spending of nearly 70% of households across the U.S.
ACI Worldwide payment systems announced its newest version of ACI “Proactive Risk Manager” payments fraud detection and mitigation solution. This provides financial institutions enhanced behavioral modeling tools and performance testing capabilities designed to strengthen fraud detection accuracy and improve the customer experience. The “Proactive Risk Manager” puts more control in the hands of the fraud manager through flexible configuration tools and a new user interface (UI). It also improves operational efficiencies with a new user interface (UI) designed to reduce the learning curve for new users while making the experience more intuitive for frequent users.
TSYS promoted Tony Hodge to Executive VP, Application Systems for its North America segment. Hodge brings to the position 30 years’ experience, having help multiple IT leadership positions at TSYS. Now responsible for more than 1,000 IT professionals in the North America segment, Hodge studied Computer Information Management at Columbus State University, and has completed numerous Bankcard and IT certificate programs. During his tenure at TSYS, he has received numerous leadership awards, including the James H. Blanchard Leadership Award and the Georgia Trend Top 40 under 40 Award.