Permissionless Innovation
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.
Bancorp Finetics
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its first installment.
Payscape Board
Atlanta-based Payscape has formed its first Board of Directors consisting of co-founders, Adam Bloomston and Jeremy Wing, along with Jon Ziglar, CEO at Parkmobile, LLC, Dan Speight, Vice Chairman and COO at State Bank & Trust Company and Steve Kane, Senior Executive & General Counsel at Sterling Payment Technologies.
Raise GC Funding
Chicago-based Raise, a major marketplace for gift cards, raised $56 million in a Series B funding, bringing total funds raised by the company to $81 million. Last year the start-up sold more than one million gift cards.
Bitcoin Wallets
Blockchain, the world’s largest bitcoin wallet provider, has scored major funding from Lightspeed Venture Partners and Wicklow Capital. The Company landed Series A funding of more than $30 million.
ACI Announces Latest Online Banking Platform Client
ACI announced Webster Bank, a leading regional bank in the Northeast, has selected the company to host its online banking platform. With $21 billion in assets, Webster Bank provides a variety of business, institutional and consumer financial services through its 166 banking centers and 311 ATMs, as well as via phone, mobile and online banking. In order to serve clients’ online banking needs more effectively, improve usability and bring new features to market faster, Webster is moving to ACI’s hosted platform from an in-house system. Webster selected ACI’s industry-leading online banking platform, Universal Online Banker. Webster’s application will run in ACI’s secure and fully compliant data center, which hosts banking and payment solutions for more than 4,000 financial institutions, retailers, and billers.
Walt Disney Studios and Visa Signature Announce Latest Partnership
SEEKING REAL “GUARDIANS OF THE GALAXY!” Walt Disney Studios Motion Pictures, Marvel Studios, Dolby® Laboratories and Visa Signature are joining forces for a nationwide MARVEL’S “GUARDIANS OF THE GALAXY””GUARDIANS OF GOOD contest in conjunction with the August 1, 2014 release of Marvel’s “Guardians of the Galaxy,” starring Chris Pratt, Zoe Saldana, Dave Bautista, Vin Diesel and Bradley Cooper. MARVEL’S “GUARDIANS OF THE GALAXY””GUARDIANS OF GOOD invites real “Guardians of the Galaxy,” young men and women (ages 14-18) from across the United States, to share their stories of how they are bettering their communities through service, science or innovation, and gives them the opportunity to connect with a galaxy of Peer Guides”who are already doing great things”to learn from their successes. Entries will be accepted between June 11, 2014 and June 29, 2014.GUARDIANS OF GOOD INNOVATION & SERVICE SUMMIT is scheduled to include presenters from NASA/JPL, speaking on the monitoring and protection of Earth through asteroid detection and Earth-observing satellites and ensuring the safety of Mars spacecraft during a comet encounter, Disney Imagineers, generationOn, Broadcom MASTERS®, Discovery Science Center, & Disney Global Community Outreach.
Jeremy Stein Leaving BofG of Fed Reserve
Jeremy C. Stein submitted his resignation Thursday as a member of the Board of Governors of the Federal Reserve System, effective May 28, 2014. Stein, who has been a member of the Board since May 30, 2012, submitted his letter of resignation to President Obama and plans to return to his teaching position in Harvard University’s department of economics.
Gemalto chooses Fime for Taiwanese contactless security evaluation
Fime waas selected by Gemalto to test compliance of its customised dual-interface payment product prior to launch into the Taiwanese market. The newly-issued product, FISC II ATM, meets security standards set by Taiwanese certification body, The Bankers Association of the Republic of China (BAROC) and offers both contact and contactless payment capabilities to issuing banks in the country. Gemalto worked with FIME Asia as the advanced testing specialist, in collaboration with security evaluation laboratory, CEA/Leti. Collectively, the testing partners are accredited by BAROC to perform the security evaluation of smartcard-based payment instruments to Security requirements of BAROC for financial chip card approval and implementation version 2.0. Additionally, Gemalto selected FIME Asia and CEA/Leti to confirm compliance to the Taiwanese payment system, People’s Bank of China, as well as international payment systems such as MasterCard and Visa.
CreditCall Launches mPOS App Toolkit
CreditCall payment gateway and EMV Chip and PIN expert launched its mPOS Toolkit Partner Programme for app developers at Apps World London. The mPOS Toolkit – including the CardEase Mobile SDK (Software Development Kit) – provides app developers with the tools they need to incorporate EMV certified Mobile Point of Sale (mPOS) card acceptance within their iOS and Android business applications. Joining the CreditCall Partner Programme will provide developers a fast route to market with unique access to a revenue stream from on-going referral payments. CreditCall’s mPOS Toolkit includes the CardEase Mobile SDK – which consists of the required API, precompiled native development libraries for iOS and Android and a development guide – a fully certified and EMV approved PINpad, a test platform, a transaction management and reporting tool, and access to CreditCall’s technical support team.
EFT Source and Centier Bank Presenting on Instant Issuance
EFT Source ATM and debit cards solutions announced its president will discuss how instant issuance impacts customer service on Oct. 22 during the presentation “How Instant Issuance is Shaping Customer Service,” at SourceMedia’s 21st Annual ATM, Debit & Prepaid Forum (3:20 p.m. PT at The Bellagio Hotel). He will be joined by Jeremy Miller, regional vice president of Centier Bank, to discuss how instantly issuing cards establishes your institution as superior in providing convenient, responsive service, improves cardholder satisfaction and loyalty, increases activation rates and maximizes interchange revenue. EFT Source’s patented instant issuance solution, [email protected], enables financial institutions’ customers to simply walk into a branch and, within seconds, receive a fully functioning, active payment card. When a customer requests a card, the data is securely transferred from the branch location to EFT Source. The data is immediately processed and converted into an encrypted print file that is sent back to the branch electronically.
YSPay & Accenture Partner on mPayments Solution
YSPay deployed its mpayments solution, developed in conjunction with Accenture, allowing its customers to process payments with any type of mobile phone. YSPay’s mpayments solution uses phone numbers to process payments – merchants type phone numbers to initiate payment processing and consumers receive a text confirming the payment will be sent. Accenture leveraged the Accenture Mobility platform to help YSPay rapidly launch and scale its mobile payments solution. YSPay is using the Accenture Mobility platform to connect with banks via China Union Pay – China’s bank card association – and with existing YSPay merchants who have point-of-sale machines in place, as well as with additional merchants, such as call centers and mobile top-up service providers. The Accenture Mobility platform allows clients to launch and scale vertical mobile offerings quickly on a variable cost, transaction model basis. This platform is fully equipped with features including published Web services and application programming interfaces (APIs), meaning that YSPay has the capability to integrate the platform with external systems and add new applications and services at any time.