The MasterCard Multi-currency Cash Passport mobile app has been launched in South Africa. The free app allows users to easily transfer money between purses, review transactions, and track their spending on their phone.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Jerry Craft, Chief Executive Officer of Corserv. The Company provides credit card (MasterCard and VISA) issuing support services
FICO announced First National Bank (FNB) deployed its Fraud Resolution Manager. Designed to communicate with customers when a potentially fraudulent transaction takes place, the FICO application allows FNB to automatically contact a customer through voice calls and interactive SMS when a transaction is flagged as suspicious, usually reaching the customer while they’re still at the point of sale. FNB reports that this has reduced the number of fraudulent transactions per case by 30 percent, for a total savings so far of more than R150 million (approximately USD$14.3 million). FNB is now able to validate genuine transactions, focus on the real fraud and improve customer service. FNB is currently using the FICO Fraud Resolution Manager in its Core Banking Solutions area to protect cheque card and debit card accounts.
First National Bank of Pennsylvania recently announced that it is one of the first banks in the country, and the first bank in Pennsylvania, to introduce Popmoney Instant Payments, a new feature within the Popmoney personal payment service that allows FNB online banking customers with an FNB debit card to transfer money in real time to other people. Popmoney, a Fiserv product which FNB has offered since 2012, allows FNB customers to quickly and easily request money or send payments using the recipient’s email address, mobile phone number or bank account information. Customers will now have the convenience of sending money immediately, without the need for cash or the traditional delays associated with other forms of money movement, such as check or ACH and without the hassle and expense of a wire transfer.
FNB is automating and innovating routine banking transactions and improving customer service by installing 1,250 NCR SelfServ 4 units. The SelfServ 4 is an ATM-like kiosk that FNB has branded “Slimline ATMs” in their retail sites and remote sites not served by traditional branches and conventional ATMs nationwide. The SelfServ 4 offers consumers the convenience of bypassing not only teller lines but even actual banking interaction and quickly completing typical branch transactions, such as account maintenance and financial product research and purchases. By migrating routine transactions to self-service channels, in-bank tellers can dedicate more time to customer service, facilitating high-value product purchases and cross-sales.
MoneyGram payment services posted 1Q/13 total revenue of $340.5 million, up 7% on both a reported and constant currency basis. Meanwhile, money transfer revenue increased 10% from the year ago figure thanks to transfer transaction volume up 11%. This was subsequent to a 13% growth in U.S. outbound sends, namely to Mexico which was up…
MoneyGram money transfer and First National Bank (FNB) launched their first mobile money transfer service, giving FNB account holders a convenient option for sending and receiving international money transfers using their mobile devices. The service features an advanced data encryption system that protects account holder information. Transactions sent from a mobile device are available for collection within 10 minutes, subject to an agent’s hours of operation and local laws and regulations. MoneyGram announced an agreement with First National Bank to solidify MoneyGram’s growing position in South Africa and makes it one of the largest money transfer companies in the region. Adding FNB to its agent network means customers have an additional nearly 1,000 MoneyGram money transfer locations across South Africa from which to send and receive money.
Fulton Financial Corporation has selected a complete outsourced banking solution based on the “Signature” bank platform from Fiserv. Fulton chose Fiserv due to its advanced technology with flexible, scalable and integrated systems to help the company focus on its organic and acquisition growth targets, deepen its sales and service excellence culture and increase efficiency through streamlined processes. Also key to the organization’s decision was the company’s successful history of implementing integrated solutions and servicing large, complex financial institutions. Fulton will utilize Fiserv solutions to facilitate and support the company’s growth plans.
First National Bank of Pennsylvania selected the Memento Enterprise Platform to combat deposit account fraud over multiple payment types and delivery channels. The Fraud Risk Management team at First National Bank sought to strengthen existing fraud defenses and improve the efficiency of the bank’s loss prevention team. During the selection process, Memento demonstrated two criteria deemed critical for success – superior cross- channel analytics and an application built for faster, more accurate fraud decisions. Starting with Memento’s Check Fraud, Deposit Fraud and ACH & Wire Fraud solutions, First National Bank will leverage the power of a single platform for Enterprise Fraud Management and be able to expand to meet new challenges in the future.
Open Solutions’ “DNA” relational core processing will now serve the First National Bank of Elmer with integrated enabling technologies. Using .NET technology, the “DNA” processing enhances workflow, flexibility and productivity with the flexibility necessary for running a service-oriented financial institution. Available as an in-house or outsourced solution, it helps financial institutions streamline both front- and back-office processes and creates a centralized view of customers, employees and business partners. First National Bank of Elmer will implement DNA in an outsourced environment through Open Solutions’ data center.
First National Bank of Omaha and Murphy USA have ink strategic partnership agreements to launch the “Murphy USA Visa Card.” The “Murphy USA Visa Card” will offer cardholders 4 cents ($0.04) off per gallon of gas at any Murphy USA or Murphy Express location and provide cardholders 1% cash back on qualifying credit card transactions. Cardholders will be able to redeem their 1% cash back in $25 increments either by phone or online. First National Bank of Omaha has more than 600 financial institution, co-brand, and affinity partners, First National Bankâs history in the partnership space spans over 42 years while Murphy USA operates over 1,000 retail gasoline stations in 21 states in the Southeast and Midwest.
First National Bank has announced that customers in South Africa can now sell to PayPal’s global customer base of more than 81 million active accounts in 190 markets around the world and move the proceeds to their FNB accounts. This new service allows customers to top up and withdraw funds to their qualifying FNB accounts from their PayPal accounts. FNB Customers can simply open a PayPal account and link it to a qualified FNB account and receive PayPal payments in 21 different currencies. FNB will convert the currency to South African Rand when the money is transferred into their accounts. The PayPal service will be offered in partnership with FNB and has received approval from the Exchange Control Department of the South African Reserve Bank. First National Bank (FNB) is a division of FirstRand Bank Limited. FirstRand Bank Limited is listed on the South African Stock Exchange (FSR). In line with South African legislation, FNB is an Authorised Financial Services and Credit Provider (NCRCP20)with over 6.6 million customers and 30 000 employees across South Africa and Africa.