Europe’s Wincor Nixdorf is gearing up for more expansive Software business in Brazil. At the same time, it plans to work in cooperation with Perto in the Hardware sector. On the basis of an agreement recently concluded between both parties, the Brazilian company will take on the task of final production of Wincor Nixdorf systems for customers in Brazil.
The 2013 Federal Reserve Payments Study Detailed Report provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.
The top global provider of financial services technology solutions, Fiserv had an extremely busy 2013 with tons of new deals, product upgrades and new products. New products include ConnectedTeller, CorPoint Mobile, Biller Advantage, Model Management: Reporting, FATCA Manager, Mobiliti Tablet, and LoanComplete Delivery Manager. GAAP revenue for 2013 was $4.81 billion compared with $4.44 billion in 2012. Adjusted revenue was $4.55 billion for the full year compared with $4.15 billion in 2012, an increase of 10%. Here are 95 points of light in Fiserv’s 2013, presented by CardWeb.com
Opus Bank announced Scott Dickman as its Senior Managing Director, Commercial Business Banking – Arizona. Bringing to the role 36-years experience, Dickman is Opus’ first commercial banker in Arizona and is responsible for expanding Opus’ commercial client base in the Phoenix metropolitan region. He joins Opus Bank most recently from Comerica Bank where he served as Senior Vice President, Market President and Commercial Banking Leader in the Arizona market. From 2008 through 2012, Mr. Dickman served as SVP, Commercial Banking for Arizona Bank & Trust where he also was a member of the bank’s Senior Leadership Team and led the commercial business group, including Commercial Banking, Treasury Management, and Small Business.
PAYe Network announced the launch of its USA network at the ATMIA Conference 2014: Reinventing the ATM. PAYe Network is the world’s first universal ATM ‘Pay-In-Pay-Out’ global cardless network with over 1 million cash-access-points with built-in interoperability to existing financial networks and full regulatory compliance. PAYe transactions can be initiated with or without a card by utilizing state-of-the-art virtual tokenization technology and patent pending systems and methods. PAYe identified a problem in the current payments system and has developed a unique solution. The problem is that ATM networks only allow for bank issued debit and credit card transactions.
Fiserv announced Byron C. Vielehr has been named group president of its Depository Institution Services group to oversee domestic account processing businesses for banks, thrifts and credit unions. Bringing to the roll more than 25 years of technology and financial services experience, Byron most recently served as President of International and Global Operations for Dun & Bradstreet (D&B) (NYSE: DNB), responsible for all D&B businesses outside of North America and led operations globally. During his tenure at D&B, which began as Chief Information Officer in 2005, Vielehr held a succession of senior executive positions, including leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. He holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.
Fiserv named Byron C. Vielehr group president of its Depository Institution Services group to oversee the Company account processing businesses, which serve banks, thrifts and credit unions. Bringing more than 25 years of technology and financial services experience to Fiserv, he most recently served as President of International and Global Operations for Dun & Bradstreet as Chief Information Officer in 2005 and then in leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. Vielehr holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.
Sterling Bank launched two new prepaid card products, one version called the Everyday Cash Card and a student version called the Student Everyday Cash Card. Both cards are similar to a debit or credit card in that they can be used anywhere Visa® debit cards are accepted and at ATMs around the world. However, with prepaid cards, cardholders do not take on debt as they would with credit cards, and they are not linked to a deposit account like debit cards, meaning no overdraft fees can occur. These cards simply hold a balance of funds loaded onto the cards by the cardholders until purchases draw them down to a zero balance, at which point the cards can be reloaded with funds. Customers have the ability to set up and define the following text or email alerts for their Everyday Cash Cards; “Add or remove funds alerts;” “Low-balance alerts where you can set your own low-balance definition;” “Signature and PIN transaction alerts;” Weekly balance updates;” Address and status change alerts;” Declined transaction alerts;” and International, out-of-state and card-not-present transactions alerts.”
Opus Bank announced that Romolo “Ron” Santarosa has joined Opus Bank and has been appointed Executive Vice President, Chief Operating Officer, and a member of Opus Bank’s Executive Committee. As the Bank’s Chief Operating Officer, Mr. Santarosa is responsible for leading, managing, and directing the operational and support functions of Opus Bank, including Banking Operations, Information Technology, Project Management, Corporate Real Estate, and Vendor Management and Procurement, as well as being responsible for acquisition integration, and process improvement and efficiency management. Mr. Santarosa, a 22-year banking veteran, joins Opus Bank most recently from First California Financial Group and its bank subsidiary First California Bank (together “FCAL”), where he served as Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer. Mr. Santarosa is a graduate cum laude of Ithaca College and a member of American Institute of Certified Public Accountants, and the California State Society of CPAs.
The Board of Directors of First Data Corporation announced that Frank Bisignano has been named chief executive officer (CEO) and the board of directors. Previously, Bisignano most recently served as Co-Chief Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the largest providers of banking, lending, treasury, wealth management and investment services that serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, nonprofits and governments. Bisignano also was the chief executive officer for Citigroup’s Global Transactions Services business and a member of Citigroup’s Management Committee and was the Chief Administrative Officer for Citigroup’s Corporate and Investment Bank, a senior executive vice president and Citigroup’s firm-wide deputy head of technology and operations.
Diebold will upgrade the Denali Alaskan Federal Credit Union ATM fleet and provide a variety of integrated services. Diebold is replacing the credit union ATMs with 48 of its “Opteva” ATMs, most of which include Diebold’s leading deposit automation technology, and maximizing Denali Alaskan’s ATM uptime and reducing the credit union’s maintenance with remote and on-site services with its “Integrated Services” offering. These outsourced services will help the credit union provide a richer consumer experience and realize improved efficiencies with minimal capital investment.
Chase and will.i.am announced their collaboration to focus on transforming the East Los Angeles neighborhood of Boyle Heights. The partnership will focus on providing multiple social services that address Boyle Heights’ particular needs including education, jobs and job training, health, home ownership and green space. With this, the “TRANS4M” Boyle Heights collaboration is being built upon a $1 million grant from Chase to the i.am angel foundation, a charity established by will.i.am of The Black Eyed Peas. In addition, Chase will commit, directly and through the JPMorgan Chase Foundation, at least $7 million over the next three years to their other non-profit partners to help TRANS4M Boyle Heights. College Track national college access program will open a new center in Boyle Heights beginning to offer under resourced students the tools and opportunities to attend college; The California Endowment will offer affordable, quality health care for underserved individuals and communities; and FIRST will motivate students through after school activities and an international robotics competition to learn about science, technology, engineering and math.