Gemalto Exec to Serve on the Identity Ecosystem Steering Group

Gemalto digital security announced its Senior VP, Government Programs, Mr. Neville Pattinson, was appointed to the Identity Ecosystem Steering Group (IDESG) Management Council formed recently by the National Strategy for Trusted Identities in Cyberspace (NSTIC). Pattinson is an expert having been involved in planning and implementing several U.S. e-Government initiatives. He has also served as Technical Chairman of the Smart Card Alliance (SCA) and Vice-Chairman of the SCA’s Identity Council and joins 13 other delegates from global organizations with each of the experts serving a range of perspectives. NSTIC, tasked to improve security in cyberspace and e-commerce, formed the steering group to develop and administer the process for policy and technical standards development for the Identity Ecosystem Framework.

Trustmark National Bank Implements Fiserv Check Capture

Fiserv announced Trustmark National Bank will implement its Central Source Capture web-based check capture and processing solution. This represents a significant investment, one that will enable the organization to replace its current, paper-based check processing system with a modern solution. The multi-year agreement expands a strong, long-term relationship between Fiserv and Trustmark, which Trustmark cites as one of the key reasons for selecting Central Source Capture. Trustmark and Fiserv worked together to identify a phased implementation approach. The first phase included deploying a centralized database for branch capture and placing image-enabled ATMs throughout Trustmark’s branch system. The second phase will encompass replacing legacy check processing and cash lettering systems and eliminating sort patterns from legacy systems. During the third phase, the legacy image exchange and external duplicate detection systems will be replaced.

Western Union 3Q/12 Up 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted its 3Q/12 revenue of $1.4 billion, up 1% from the year ago period, while year-to-date cash provided by operating activities of $860 million, including the impact of tax payments of approximately $90 million. Sequentially, Western Union is implementing strategic actions in consumer value proposition, digital channels, and cost…

U.S. Micro Earns PCI DSS Certification

U.S. Micro Corporation gained the PCI DSS certification, the fourth certification it received this year. This after an audit of internal controls and processes related to handling data on retired IT devices. U.S. Micro pursued the certification because sensitive payment card data could potentially be stored on numerous devices that it processes. U.S. Micro has aggressively pursued certifications in 2012 to highlight its high standards for data security and protecting the environment. Both SOC 2SM and PCI DSS are unique among ITAD vendors, demonstrating the company’s commitment to exceeding industry standards.

TSYS Executive to Speak at North American Conference

TSYS announced its director of business development for Commercial Card Services, has been chosen to participate in Commercial Payments International’s “The North American Middle Market Conference 2012,” on November 8, 2012. The theme of the one-day event is “Seize the Massive Opportunity.” He will present in a session entitled, “AP Automation in the Middle Market: Exploring Challenges and Opportunities,” discussing best practices for increasing your commercial card volume without increasing your exposure to risk, and structuring your e-payables program to maximize revenues in a competitive environment.

MasterCard Net Income Up 8% Year-Over-Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Incorporated announced its 3Q/12 net income of $772 million, up 8%, and net revenue of $1.9 billion, a 5% increase versus the same period in 2011. Net revenue growth was driven by a 14% increase in gross dollar volume on a local currency basis to $918 billion; an increase in…

eBay Plans 4Q/12 Restructuring Charge

eBay announced a planned fourth quarter pretax restructuring charge of approximately $15 million related to staff reductions at the company’s PayPal business unit. PayPal also is ending contracts with approximately 120 contractors globally thanks to a redesign of PayPal’s product organization, consolidating nine product groups into a single, more agile organization. The intent is to simplify and speed up how products are developed. PayPal expects to continue its strong global growth momentum and leadership through online merchant expansion and share of checkout, by driving payments innovation at point-of-sale retail for large, medium and small businesses, and by engaging consumers online and offline with payments products and experiences that offer choice, flexibility, simplicity and security.

ControlScan and Allifide Forge PCI Partnership

ControlScan PCI compliance and security services eases small business PCI compliance through Allifide Merchant Group payment processing firm trusted by a national client base of hundreds of SMBs as well as more than 50 industry partners. Data from ControlScan’s recent survey of merchant acquirers shows that as SMB merchants’ PCI compliance rates increase, the occurrence of a data breach decreases. The partnership between Allifide and ControlScan saves Allifide’s merchants time and hassle”and reduces merchant confusion”with high-impact education and support services that guide them through each step of the PCI compliance process.

First Data Joins 100,000 Jobs Mission

First Data electronic commerce and payment processing joined the 100,000 Jobs Mission, a coalition of major corporations that have jointly committed to hiring 100,000 transitioning service members and military veterans by 2020. First Data has recently reinvigorated its veterans recruiting strategy by hiring a retired veteran as the Employment Program Manager to develop programs to support and broaden service members and military veterans recruiting efforts. First Data invests in military friendly job boards and is committed to actively participating in veteran-focused career fairs as well as career expos on military installations.

Card APRs Skyrockets to Year Ago Average

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After having demonstrated the greatest drop since its 2011 counter-figure in months, average credit card APRs erased any positive difference in October 2012. Now sitting at the exact average measured in October 2011, the average credit card APR has been clocked once again at 15%. This after experiencing a nearly 0.50%…

Clear2Pay Launches Bank-Friendly Wallet

Clear2Pay next generation payment solutions launched its “ViVa” solution, allowing banks to launch a wide range of virtual/real payment scenarios to their retail and corporate customers, such as merchant payment, utility bill payment, small business accounts and P2P payments. Banks can embed ViVa within any – also non Clear2Pay – payment infrastructure. Clear2Pay launched “ViVa,” allowing banks to capture the entire virtual and/or real transaction, plus the underlying intelligence. This way banks facilitate their customers to buy, sell and collect and spend money, vouchers and loyalty points on and offline at the point of sale across a myriad of devices through one secure and trusted interface.

Accenture and Fundtech Partner for Basel III

Accenture and Fundtech teamed to help banks improve global liquidity management in response to Basel III requirements and changing economic conditions. Accenture will work with Fundtech to deliver its Global Liquidity & Risk Management solution and jointly develop new diagnostic tools, process models, and operational approaches for banks across Europe, North America and Asia. Accenture and Fundtech have helped implement liquidity management solutions for major banks globally and will offer services and solutions designed to optimize operational control, visibility, and forecasting.