Columbus Community Implements ACH Alert

ACH Alert reached agreements with Columbus Community Bank to provide their customers fraud protection services. Columbus Community Bank aims to implement ACH Alert’s fraud protection services this fall. Processes provided by ACH Alert include real-time, transaction level protection for commercial and individual customers; simplified identification of trusted trading partners and valid payment recipients; and facilitation of electronic transaction disputes between the financial institution and their client. To date ACH Alert’s fraud protection system has documented its clients and their customers have deterred more than $20 million of potential fraud.

Orange Joins the NFC Patent Licensing Program

Orange is a strategic licensor for the NFC Patent Licensing Program launched in June 21st with Inside Secure. The operator has been a long-standing leader in the development and now the adoption of NFC technology, and, through their impressive research capabilities, filed many patents. Within the NFC Patent Licensing program, such patents will become available at reasonable and non-discriminatory conditions.

FIS 2Q/12 Revenue Up 3.1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS banking and payments technology posted 2Q/12 revenue from continuing operations up 3.1% to $1.46 billion, compared to $1.41 billion in 2Q/11. Net earnings from continuing operations, as adjusted, totaled $198.1 million, or $0.66 per diluted share, compared to $167.7 million, or $0.54 per diluted share, in the second quarter of…

Unemployment Contributes to Spending Lull

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With total outstanding revolving credit having jumped 11.2% in May since the year ago figure, projections indicate this consumer spending is about to grind to a halt. This in part thanks to First Data “SpendTrend” analysis in June, tracking same-store consumer spending, indicating year-over-year dollar volume growth of 6.4%, down from…

Chase Expands New Prepaid Card Program

Having just launched its “Liquid” prepaid card, Chase Bank is expanding the program nationwide through its 5,500 branches. Chase’s low-cost prepaid alternative to a checking account for the unbanked and cash-preferred offers a Visa-cobranded card for use anywhere Visa is accepted, and can be reloaded free at any of Chase’s 10,500 DepositFriendly ATMs and 5,500 branches nationwide. Features include cash withdrawal at Chase’s 17,500 ATMs and 5,500 branches nationwide; Direct deposit for paychecks or government benefits such as Social Security; allow transfer to Chase Liquid from Chase accounts via or Chase ATMs; and account alerts via text or email.

Sage Pay Partners Mobank on mCommerce

Sage Pay has partnered The MoBank Group, allowing its 40,000+ merchant clients to integrate onto the mobile channel via MoPowered, The Mobank Group’s secure Software-as-a-Service (SaaS) mCommerce solution. This in response to Sage Pay’s annual business survey indicating only 5% of e-tailers currently had apps, but 40% planned to invest in one within 12 months. This is further supported by a report undertaken by MoBank which found that 89% of SME retailers believed that mCommerce was a necessity for the growth of their business, but only 24% had integrated an mCommerce site. The MoPowered platform has been developed with SME merchants in mind, allowing them to achieve a fully transactional mobile commerce site within a matter of weeks that is fully compatible with PCI DSS.

Hersheypark Implements Precision Dynamics’ Smart Band RFID Wristbands

Precision Dynamics Corporation (PDC) automatic wristband identification launched its Smart Band RFID Wristband System for cashless POS at Hersheypark amusement park to improve customer convenience and satisfaction. Guests use their Smart Band RFID wristband to make in-park purchases, check balances, and load additional funds onto their wristband at any of the park’s 200 RFID-enabled POS stations. PDC’s RFID technology has helped many theme parks across the nation deliver a better guest experience while reaping significant bottom line benefits. Proven RFID wristband applications include social media integration, cashless payments, keyless lockers, electronic access control, photo management systems, and customer loyalty programs.

OptConnect Forges Donation Agreement to Fund ATMIA U.S. Defense

OptConnect wireless ATM solutions and ATMIA has hammered out agreements for which OptConnect will make a financial contribution per wireless unit ordered through the ATMIA website towards the U.S. Defense Fund. Having an adequately funded ATMIA U.S. Defense Fund will enable ATMIA to employ the right professional resources to actively work for the benefit of the industry with lawmakers and other organizations including the Department of Justice, the Federal Reserve Board and the new Consumer Financial Protection Bureau.

LevelUp mPayments Expands Westward

LevelUp has expanded to the state of Colorado with its launch at Larkburger, with all seven locations to accept mobile payments with LevelUp. Launched by mobile gaming giant SCVNGR in 2011, is the free app that lets you pay with your phone at more than 3,000 restaurants and shops across the U.S. Available for iPhone or Droid, you simply link up your debit or credit card to the app, which then generates a unique code for you to scan to pay at local businesses like Larkburger. It takes just seconds, and you’re instantly e-mailed a receipt – an eco-friendly LevelUp feature that’s right in line with Larkburger’s dedication to “Keeping it Natural” and minimizing its environmental impact.

Rubicon Project Launches Ad Tracker Solution

Rubicon Project digital advertising technology company launched its “REVV for Mobile” solution, enabling publishers to sell mobile ad inventory through both direct and indirect sales channels. The debut of REVV for Mobile follows the acquisition of Mobsmith in May 2012, giving publishers controlled access to more than 70,000 advertisers purchasing through hundreds of buyer channels and ad buyers safe access to premium inventory and an audience of 650 million global unique users and 200 million U.S. unique users (making it the #2 network in terms of reach as measured by comScore). With the integration of REVV for Mobile, buyers now have access to the same Real Time Trading marketplace for quality comScore 500 mobile inventory.

Micropress test tool EMVCo Approved

Micropross received its validation letter issued by EMVCo, confirming the compliance of their test bench with the “EMVCo PICC Test Bench and Test Cases Requirements” version 2.0.1c. This will make sure a contactless smartcard, or a NFC device that operates as a smartcard, behaves in conformance with the criteria defined by EMVCo. Customers using Micropross EMVCo L1 Contactless test bench in their R&D centers can be sure they will obtain the same results they would get at an accredited EMVCo laboratory. The EMVCo L1 Analog Contactless test solution is a member of Micropross Contactless Test Station, allowing customers to performance conformance testing of their prototypes with different standards (ISO 10373-6, ISO 10373-7, EMVCo, ICAO, NFC Forum).