Dynamics Wins Best of Show at FinovateFall 2012

Dynamics next-generation payment cards won Best of Show at FinovateFall 2012 with its Triple Interface next-generation payment device, based upon a vote of more than 1,100 financial executives attending the show. Dynamics’ Triple Interface™ product is the first payment device to centrally tie together all three primary payment technologies on a single piece of plastic and in a re-writeable format. For magnetic stripe readers, a card-programmable magnetic stripe – Dynamics’ proprietary Electronic Stripe™ – is included, which can re-write any bit of the magnetic stripe at any time. For EMV contact readers, a card-programmable chip – Dynamics’ proprietary Chip and Choice™ product – is included, which can re-write a contact chip profile at any time. For EMV contactless readers, a card-programmable contactless chip – Dynamics’ proprietary Chip and Choice™ contactless product – is included, which can re-write a contactless chip profile at any time.

Panini Announces Steps For Expansion

Panini global payments solution launched several major initiatives to accelerate growth and leverage its market position as the world’s leading provider of check truncation solutions. The company has experienced exponential growth and plans to extend this trajectory via a coordinated set of strategic activities. Panini has launched a new Product Business Unit to be led by Marisa Campagnoli, an experienced technology and solutions professional who held successful roles at Hewlett Packard and has a track record of achievement during her four years at Panini. The Product BU will help accelerate Panini’s transformation from hardware manufacturer to solutions provider by facilitating market sensing and solution commercialization activities in close collaboration with Sales, Marketing, and R&D. Marisa will report directly to Panini’s CEO, Nicola Aliperti.

American Express Forges Market Fashion Partnerships

American Express has unveiled a series of partnerships designed to create seamless and engaging shopping experiences for consumers that turn unique, curated content into commerce. Timed to the launch of the fall fashion season, American Express is enabling digitally minded shoppers to Fancy, Like and Sticker to find inspiration, connect to fashion and, exclusively for American Express Cardmembers, receive benefits, offers and experiences. In partnership with The Fancy, American Express has created a first-of-its kind brand channel curated by tastemakers and fashion industry insiders that will feature an offer exclusively for American Express Cardmembers. Cardmembers who sync their eligible American Express Card at Sync.AmericanExpress.com could get $20 back on their next purchase of $100 or more on The Fancy.

MasterCard & Citibank Debut Single-branded Cards

MasterCard & Citibank launched the PremierMiles and Rewards cards. The PremierMiles USD card for affluent frequent travelers, will be exclusive to MasterCard. Citibank is the first bank to be granted a stand-alone issuing license in China, and last month became the first global bank to issue credit cards in the country in this manner, marking a breakthrough for Citibank. Other foreign banks will need to apply and be approved by the Chinese regulatory authorities if they want to issue credit cards in China on a stand-alone basis. Rewards Card is targeted to the mass affluent and emerging affluent segment of value seekers who are looking for the best deals and maximizing returns from everyday spending.

Euronet Expands Independent Euro ATM Network

Euronet Worldwide added Spain and Italy to its portfolio of Independent ATM Deployed (IAD) networks, its first IAD network deployments completed without a sponsor bank and expands Euronet’s position as the fastest growing and most geographically diverse Independent ATM Deployer in Europe. This also marks Euronet’s first EFT presence in these countries which were made possible by the European Payment Service Directive (PSD) e-money license granted to Euronet in 2011. The combination of the PSD license, together with approval for direct membership with Visa and MasterCard, allow Euronet to acquire ATM debit and credit card transactions without the requirement of a sponsor bank. Market entry into Spain and Italy brings Euronet’s IAD presence 10 European countries, including: Spain, Italy, Romania, Greece, Croatia, Poland, Germany, Czech Republic, Ukraine and Bulgaria.

MasterCard Launches PayPass Software Development Kit

MasterCard launched its “Mobile MasterCard PayPass User Interface Software Development Kit” (UI SDK) for Android and BlackBerry OS 7 mobile OS. This helps issuers, mobile network operators and third party developers rapidly build innovative new mobile applications that give consumers the speed and convenience of PayPass Tap-and-Go contactless payments – directly from their smartphone. MasterCard is providing a programmer-friendly set of functions that make it easy for application developers to rapidly deliver payment apps to consumers – without having to become smart card programming experts.

Silicon Valley Bank launches SME payment platform

Silicon Valley Bank released SVB “PayAbility” online and mobile payments service. Co-developed with MineralTree, SVB PayAbility integrates easily with accounting systems like QuickBooks and allows businesses to save time, streamline processes and enhance the security of their payments function. SVB “PayAbility” addresses a gap in payments services available for small and medium-sized businesses and streamlines communication and offers multiple payment options, such as ACH and checks, and innovative documentation management capabilities.

Little Change in Unemployment Coincides with Debt Drop

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%. Meanwhile, payroll employment was up a mere 96,000 employees in August as the unemployment rate maintained its stagnant 8.1%, where it has held the narrow range…

Barclays US Deploys FIS Core Platform Processing

FIS announced Barclays has deployed FIS’ “Profile” core account processing solution to support the launch of the bank’s new online savings and CD products for U.S. consumers. This offers a turnkey solution with real-time account processing and online account origination, enabling the bank to provide customers with a seamless and secure experience in account opening and ongoing service. Deploying Profile will enable Barclays to provide competitive products and solutions to its U.S. customers, including high-yield certificates of deposit (CDs) and high-yield savings accounts.

Q2ebanking names New CFO

Q2ebanking electronic banking solutions for banks and credit unions throughout the U.S. naked Mark E. Johnson chief financial officer. Responsible for managing all aspects of the company’s finance, human resources, legal and compliance departments, Johnson will provide leadership and guidance to Q2ebanking’s parent holding company, CBG Holdings Inc. Johnson was the CFO for SumTotal Systems, a Strategic Human Capital Management (HCM) software company providing cloud-based solutions to manage the full employee lifecycle. He was also vice president and business unit CFO at BMC Software, a leader in Business Service Management solutions, where he was accountable for all financial aspects of an $800 million business unit, providing leadership as it achieved its short- and long-term financial objectives.

Inside Secure and TazTag Launch NFC-enabled Android Tab

Inside Secure and TazTag launched the “TazPad V2” seven-inch Android 4.0 (aka Ice Cream Sandwich, or ICS) tablet computer. Available now from TazTag, the “TazPad” tablet combines the EMVCo-certified secure near field communication (NFC) capabilities provided by the INSIDE Secure SecuRead(R) NFC module and Open NFC(TM) protocol stack with biometric authentication capabilities and an extensive array of wireless connectivity technologies to enable solution providers to efficiently support a variety of commercial, professional and consumer mobile applications. The TazPad uses the EMVCo-certified secure element of the SecuRead module to securely store fingerprint images, which can then be compared to those gathered through the built-in fingerprint scanner for authentication purposes.

Diebold Opens Data Center

Diebold opened two data centers located in Verizon’s Terremark facilities in Richardson, Texas and Manassas, Va., allowing them to connect to Verizon’s global networks. This integrated fabric of advanced data center capabilities with Verizon’s reach, reliability and global scale will increase performance and disaster recovery capabilities for Diebold’s customers with optimal geographic diversity and business resiliency. Diebold’s data center strategy focuses on providing a highly-scalable virtualized platform that optimizes network performance and security, and will allow for regional growth. The advanced technology enables Diebold to manage large amounts of data at a single site while simultaneously providing centralized monitoring of ATM networks, including endpoint security, software deployment, content management, OpteView® Resolve™ (terminal status/fault monitoring with remote fix) and Diebold Transaction Services (processing of card transactions). These services can be provided to a customer in a dedicated or shared business structure.