CardWeb.com’s CardExecs database of payments industry movers and shakers today features Donald Boeding, Merchant Services President of Vantiv.
The African Development Bank (AfDB) and MasterCard partnered to expand financial inclusion across Africa and develop solutions that drive inclusive growth, broadening access and usage of digital financial services. MasterCard brings proven expertise to design and scale inclusive financial services solutions and infrastructure. The AfDB actively promotes sustainable economic growth and poverty reduction in Africa. Together they will work with African governments and local private sector companies to develop and deliver affordable services that meet the needs of a wide consumer base, especially the traditionally unbanked. This is meant to drive inclusion at a country level and enable service delivery on educate on financial inclusion and economic development.
Visa is helping U.S. fuel retailers prevent credit and debit card fraud at the pump with intelligent analytics that identify higher-risk transactions that may be fraudulent. While global fraud rates across the Visa payment system remain near historic lows, fuel pumps can be targets for criminals because they are often self-service terminals. The Visa Transaction Advisor (VTA) lets merchants use real-time authorization risk scores to identify transactions that could involve lost, stolen or counterfeit cards. Visa analyzes multiple data sets such as past transactions, whether the account has been involved in a data compromise, and nearly 500 other pieces of data to create a risk score. This allows merchants to identify those transactions with a higher risk of fraud and perform further cardholder authentication before gas is pumped.
Comexposium named the finalists for the first American SESAMES Awards. Based on the 19 year heritage of the SESAMES Awards held each year at the CARTES SECURE CONNEXIONS Exposition in France, recognize technology innovation for smart cards, digital security, identification, secure transactions and contactless technology developed for the U.S. market. The finalists include Emerging Payments, Oberthur Technologies for Omni-channel Wallet, ROAM for RP750x, Sequoia Retails Systems, Inc. for the QuadPoint Compact Register, Card Manufacturing, Oberthur Technologies for Lasink, SKIMPROT Ltd. for SkimProt, SmartDisplayer Technology Co., Ltd. for iCARD4, Identification, Brigham Scully Public Relations for Zwipe Biometric Card, DigitalPersona, Inc. for DigitalPersona Altus and GOTrust Technology Inc. for SDencrypter Lite.
Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar division announced that $140 million, Pennsylvania-based New Cumberland Federal Credit Union has selected Episys as its in-house core processing solution. The FCU management team participated in the evaluation of core systems and both in-house and outsourced operating environments and decided on the Symitar core system; a contemporary eServices solution for home and mobile banking; superior and consistent customer service; and a solid, reputable, financially stable company. After detailed system demonstrations, multiple existing customer site visits, and numerous existing customer reference calls the entire management team unanimously elected to partner with Symitar and install Episys in-house.
MBNA has launched a new Smartphone Card Services app as part of the continued evolution of the way it provides services to customers. The new secure, convenient and smart app will offer customers a summary of account information such as balance and payment information; making a debit card payment; viewing their PIN and recent transactions.
MBNA has launched a new, free Smartphone Card Services app as part of the continued evolution of the way it provides services to customers. It will offer a viewing a summary of account information such as balance and payment information. It will also allow the user to make a debit card payment, view their PIN and recent transactions.
Panasonic joins P97 Networks, Microsoft Corp., and CGI, at NACS 2013 to introduce its “PetroZone” mcommerce and behavioral marketing platform for the convenience retail and fuels marketing industry. This new alliance will combine the power of Panasonic’s portfolio of POS devices and deployment services with CGI’s Payment 360 Platform, Microsoft’s Dynamics AX Point of Sale, and P97’s PetroZone cloud based mobile commerce platform to provide the retail convenience and fuel marketing industry a fully integrated mobile payments and settlement platform for the future. The partnership provides major oil companies with a complete cloud based mobile commerce platform, allowing them to offer new mobile payment types, digital offers, integrated customer loyalty programs, and financial settlement solutions for their retail fuel distributors, wholesalers, and marketers.
MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have. With a single click of the MasterPass button on a retailer site, the consumer can access their wallet of choice and authenticate with a password to checkout. In addition to MasterCard cards, consumers can use other branded credit, debit, prepaid and private label cards. MasterCard Advisor’s SpendingPulse data shows total UK year-on-year eCommerce sales grew by more than 12% in May 2013, compared to just 3% growth in overall UK retail sales for the same month last year.
Vantiv announced its NCR partnership to bring POS technology integrated with leading payments solutions to the small business market. The multi-year agreement will focus on developing exclusive new solutions and expanding both companies’ innovative technology platforms to deliver personalized customer experiences that help smaller merchants compete more effectively against larger competitors. The Vantiv Mobile Checkout powered by NCR Silver, offering single shop and small chain owners a complete solution that makes managing their sales, inventory, marketing and customers easier, will represent the partnership debut. It includes all of the payment processing services, software and cloud-based back-office functions, and the necessary hardware peripherals that transform a business’ own iPad® into a turnkey mobile POS system.
Vantiv payment processing services and related technology solutions is bringing the next generation of POS redemption technology to cardholders and merchants with Visa Offers, the first U.S. acquirer to do so. Intended to drive additional value at the POS, Visa Offers offers the Visa card to deliver personalized deals from top brands to an enrolled individual’s mobile phone or email. This platform enables clients to identify and send customized, targeted offers to consumers to leverage their purchase location and interests based on purchase behavior. The redemption platform helps clients manage promotions across all sales locations by using a single, consistent redemption p process and it provides them the ability to track and measure program success with a consolidated reporting tool. The Visa POS Offers Redemption Platform provides real time ticket reduction as part of the offer redemption during the authorization process, delivering an alternative option to the need for statement credits or paper coupons.
The management team of YourCash Holdings Limited has acquired 100% of the business through a refinancing which takes out existing non-management investors. YourCash is an independent ATM provider with c6,000 ATMs deployed throughout the UK, Netherlands and Belgium in a variety of locations including convenience stores, supermarkets, universities, casinos, hospitals, post offices, leisure outlets and petrol forecourts. In the Netherlands, YourCash installed their 800th ATM in December 2012 and currently manages 10percent of the overall in-country ATM market. In 2012 YourCash handled over 73 million ATM transactions, equating to £2 billion cash dispensed through the UK estate and €1.2 billion in Europe.