Columbus-based Card Services business, a premier provider of branded private label, co-brand, and commercial credit programs, has signed a new multi-year agreement to provide private label credit card services for Cornerstone, a business unit of HSN.
In today’s CardFlash News Que: ACCULYNK (Atlanta Courts); BILLTRUST (milestone); PAYTELLER (Janefour20 COO) and INETCO (BECU).
EFT Source card programs and personalization services for ATM and debit cards for financial institutions has signed a definitive agreement to be acquired by long-time partner, CPI Card Group, a global leader in financial and EMV card production and related services.Through the acquisition, EFT Source adds advanced personalization capabilities to further enhance CPI’s existing personalization expertise and strengthen CPI’s reach into small- to medium-sized financial institutions across the U.S. In addition, CPI’s customer base will have direct access to EFT’s patented instant issuance solution, [email protected]®, enabling them to deliver fully functioning, traditional or EMV-capable payments cards to customers within seconds.
Fiserv announced details of four recent core account processing conversions, underscoring its commitment to serve credit unions with solutions that are right for them, coupled with technical knowledge and expertise that enable best-in-class results. Fiserv has partnered with multiple credit unions to develop solution options that fit their unique needs covering In-House and ASP delivery modes with solution bundles that create the most value for credit unions and, in turn, their members. Fiserv implementation experts worked closely with each credit union to deliver account processing conversions that exceeded client expectations. The success of these conversions further reinforces the value that Fiserv delivers to credit unions through its range of account processing options.
ACI Worldwide electronic payment and banking systems announced Pearl Harbor Federal Credit Union (PHFCU) selected ACI’s integrated online banking platform for credit unions, WebFederal, to power PHFCU Online, its online and mobile banking and bill payment services. PHFCU is one of Hawaii’s leading credit unions, serving thousands of members across the state. As its business has grown and its customers increasingly embrace online and mobile banking, the credit union recognized the need to provide a seamless, multi-channel experience that continued to deliver outstanding service while maximizing efficiencies. PHFCU selected ACI’s WebFederal online banking solution, which provides customers with a universal, real-time, omni-channel experience.
Quick Fuel has partnered with Comdata to provide its fleet customers with one of the fastest and most secure means of fueling available. Quick Fuel recently purchased Comdata’s fuel site controller, known as SmartSight, for all of its retail locations and added Comdata’s SmartQ™ radio frequency identification (RFID)-based technology to offer an extra level of speed and security to the fuel transaction process. In addition to processing transactions quickly, SmartSight processes fueling transactions securely as well. The card reader equipment meets industry security standards, while an integrated camera function allows site owners to view customer images as the card is swiped to identify potentially fraudulent users when necessary.
MasterCard Incorporated announced that its Board of Directors has nominated Julius Genachowski and Merit Janow for election as independent directors at the company’s June 3, 2014 annual meeting of stockholders. Genachowski is managing director and partner at The Carlyle Group and served as Chairman of the U.S. Federal Communications Commission. Janow serves as Dean of Columbia University’s School of International and Public Affairs and has been a professor and served in various leadership positions at Columbia for the past 18 years. Janow served as a member of the Appellate Body of the World Trade Organization, following her tenure as Executive Director of the International Competition Policy Advisory Committee of the U.S. Department of Justice and Deputy Assistant U.S. Trade Representative for Japan and China.
VeriFone Systems announced that Richard A. McGinn will leave the board and be replaced by long-time retail and consumer financial services veteran Jane J. Thompson, effective immediately. Thompson has successfully led multi-billion dollar organizations in the financial services, home services, retail, and ecommerce industries. She served at the executive level of Fortune 50 organizations for more than two decades. Most recently, as a strategic consultant, Thompson helped drive strategy and growth for large corporations as well as small, fast-growth businesses. She is the former president of Walmart Financial Services and former executive vice president of Sears Credit and Home Services. Thompson has also served as partner at McKinsey & Co., and in brand management and marketing at Procter & Gamble. She is a member of the board for The Fresh Market and former board member of ConAgra Foods.
It is with a collective heavy heart that US Dataworks, Inc. today announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died yesterday morning after suffering a severe heart attack from which he was unable to recover. The Company also announced that its Board of Directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the Company’s VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the Company, will take over the Chairman role with the Board seat left vacant by Mr. Ramey’s death to remain unfilled for the time being.
TSYS announced that it has renewed its payments agreement with Missouri-based Commerce Bank. The multi-year agreement includes renewed processing for Commerce’s consumer, commercial and retail credit card portfolios, as well as its signature debit portfolio. In addition, the agreement allows TSYS to further serve Commerce Bank by providing PIN debit services.
GlobalCollect announced two of its most senior executives have joined the MRC in key advisory roles. Stephen Buechner, Chief Credit & Risk Officer at GlobalCollect, will join the European Advisory Board. At the same time, Greg Leos, who heads up GlobalCollect’s North American operations as General Manager, will take a seat on the MRC’s Americas Advisory Board. The appointments continue a long-standing relationship between the two organizations, and underline GlobalCollect’s ongoing commitment to support the MRC and its members across the world. The MRC global non-profit organization fully supports and promotes operational excellence for fraud, payments and risk professionals within eCommerce under advisement from industry leaders and merchants.
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.