NCR Corporation launched its “Skimming Protection Solution” (SPS) advanced anti-skimming technology to offer financial institutions a proactive way to address ATM skimming challenges. The NCR solution thwarts skimming activity, notifies a financial institution of an attack in real time, and adapts quickly to new types of attacks as they become increasingly sophisticated. Card skimming represents 80 percent of all attacks against the ATM, the #1 ATM crime globally.1 A Mercator report estimates U.S. card issuers’ total losses from credit- and debit-card fraud at $2.4 billion. NCR built SPS software to enable its random, multiple-jamming hardware module to block criminal “listening” devices from capturing card data and prohibit criminals from tampering or removing the original ATM bezel and helps promptly detect fraudulent devices. SPS also constantly reports on the health of the ATM.
CreditCall published its guide ‘How an EMV-enabled Payment Gateway can support migration to Chip’ to help Integrators, VARs and Processors through the EMV technology shift. The toughest is the scale and cost of implementation, requiring virtually every single terminal to be modified or replaced, and banks to re-issue credit and debit cards. Organizations that deliver EMV-compliant solutions can achieve a major advantage against competitors that are slower to market. They will also enable the US payments industry to close the gap on fraud migrating from other regions. CreditCall releases the guide on the first day of Cartes America, the business event to promote smart technologies in the North American market, where the company is exhibiting its innovative EMV technology and payments solutions on stand 324.
fisoc, provider of the Buzz Points loyalty program, joined PULSE to offer Buzz Points to the network’s participants. Letting financial institutions connect with consumers and merchants through rewards and social-media engagement. Buzz Points was aligned with Discover Debit, managed by PULSE, to offer rewards that encourage consumers to shop locally and support merchants in their communities. Participating cardholders earned reward points that could be redeemed for gift cards or donated to charitable causes. Buzz Points is now being made available to PULSE financial institutions in select markets.
Cadence Bank’s Cadence Bank Debit Card, powered by Discover Debit, offers an enhanced cardholder experience with 24/7 concierge service, lowest purchase price guarantee and fraud protection, as well as a program in which local merchants can participate. For the bank, the new debit rewards program is designed to reduce costs, generate revenue and build customer loyalty. Cadence now offers Buzz Points™, promising a win-win-win solution for its customers, local merchants and the bank itself. More than a loyalty and rewards program, Buzz Points encourages a shop-local movement by uniting consumers, locally owned businesses and financial institutions to support local economies. When Local businesses join the program as Buzz Points Merchants, they have the opportunity to offer bonus points, eLoyalty cards and gift card rewards to Buzz Points users. Through a variety of turn-key, highly targeted marketing activities, including email campaigns, social media integration, and increased web and mobile presence, Buzz Points connects these merchants to the users. Buzz Points consumers increase their local spending with participating Buzz Merchants by 35 percent, and have three times more confidence in local merchants than Big Box competitors, both according to a study commissioned by Buzz Points.
Virtual Piggy has been selected as a finalist at the SWIFT Innotribe Startup Showcase in the Innovator category for growth-stage start-ups in the London region. The company will present its technology alongside finalists from other regions in Dubai this September. Virtual Piggy competed against 14 other startups at the Innotribe Challenge Showcase in London last week to secure its place as a finalist for the $50,000 grand prize and continuous exposure to investors and financial institutions via the SWIFT global community. Having presented its payment solution to a panel of the financial industry’s leading angels, VC’s and decision makers, Virtual Piggy demonstrated how its financial management allows youth under 18 to make purchasing, saving and other money management decisions for themselves.
GlobalCollect payment service provider, and Vindicia, enterprise-class subscription billing, strengthened their partnership by integrating their platforms even further. This will allow digital media companies to effectively bill and accept payments from customers using a wide variety of business models and payment methods and across the increasingly borderless world created by the Internet. The joint solution pairs Vindicia’s CashBox – a marketing, CRM and billing platform – with GlobalCollect’s global online payment service, which currently processes more than $14 billion per year in online transactions for more than 500 tier-1 e-commerce companies around the world. GlobalCollect’s payment services platform offers digital merchants the ability to instantly acquire international customers in more than 170 countries and lets them pay with more than 150 different payment methods and 170 currencies.
VeriFone Systems has been awarded a two-year contract to provide managed services for as many as 100,000 POS payment devices operated by ChinaPnR, a leader in China’s electronic payment industry. With this, ChinaPnR is outsourcing the management of increasingly complex payment devices to VeriFone so it can better focus on its core business. VeriFone is providing installation, training, and maintenance services for all existing payment devices and new installations over the course of the agreement. The agreement builds on VeriFone’s previous relationship providing operation and maintenance services for ChinaPnR’s air travel business units in 2012.
The ever-predictable American consumer is back at it. After having cut the overall consumer credit card debt by over $200 million during the past four years from the brink of the $1 trillion mark, Americans are pulling out the plastic once again. Why you ask? Because the economy is showing the faintest pulse as workers…
MV-enabled Visa debit cards functioned successfully in at least six countries for members and staff of Bank-Fund Staff FCU, with online transaction processing performed by CO-OP Financial Services. CO-OP has passed EMV certification with Visa, based on its work with Bank-Fund Staff FCU as the test credit union. Bank-Fund Staff FCU tested CO-OP’s Phase I processing solution of online EMV transactions from a contact EMV card. Bank-Fund Staff FCU issued 11 EMV-enabled Visa debit cards to members and staff during the pilot EMV period, which extended from late December to early April. This is the first step in the credit union’s overall EMV strategy.
Fidelity National Information Services completed an amendment to its existing credit agreement. The transaction resulted in the increase of FIS’ revolving loan capacity by $850 million to $2.0 billion and the amendment of certain terms and conditions, including the removal of provisions regarding the granting of collateral by FIS and its subsidiaries. The unsecured credit agreement totals $4.0 billion in the aggregate, including $2.0 billion of term loans and $2.0 billion of revolving loan capacity. The maturity of all obligations under the amended credit agreement remains unchanged at March 30, 2017.
ACI Worldwide made available its “ACI Architect Mobile Banking” for the migration of online banking from the desktop to the mobile device. Offering features to iPhone and Android smartphones previously limited to the desktop including personal financial management tools, integrated bill payment and account-to-account transfers, “ACI Architect Mobile Banking” lets FIs deliver secure mobile browser capabilities, downloadable apps and text banking to their customers. With this, financial institutions can manage and control the desktop, mobile and tablet experience using a common set of administration and configuration tools to efficiently leverage the institution’s resources for digital channel management. It also lets FIs increase brand differentiation and offer a personalized user experience with user-specific messaging.
Barclaycard has introduced a new component to its website that will host accessible and informative videos illustrating how different individuals use specific online mybarclaycard services to make their lives easier. Barclaycard TV will be an additional channel on the brand’s website hosting a variety of straightforward videos demonstrating the benefits of mybarclaycard, an online servicing platform that allows customers to digitally manage their accounts. The inaugural three videos on Barclaycard TV show real life examples of how different people can use mybarclaycard to their advantage according to their specific needs and lifestyles. In one video, a family heading out on holiday discuss how they used the service to manage their spending wisely. They set a balance limit to alert them when they’ve hit a certain amount, and explain how easy and quick it is to recover a forgotten PIN. In another video, a couple moving in together are faced with a long list of items needed to furnish their new home. The third video peeks into the life of a busy cab driver, exploring how he feels greater control and security by being able to access his accounts and pay his bills on the move.