Acculynk has completed its implementation and “gone-live” with the City of College Park. Acculynk was awarded the contract in late June with the intent to deliver a unique and multi-channel solution that facilitates the payment of utility bills for the citizens of College Park.
MasterCard and PULSE reached an agreement to allow financial institutions that issue EMV debit cards that participate in both the MasterCard and PULSE networks to use MasterCard’s common debit solution on those cards. U.S. debit regulations require that each debit card provide merchants and acquirers the opportunity to route debit transactions over multiple, unaffiliated networks. This is made possible for debit EMV cards through the use of common application identifiers (AIDs). Licensing MasterCard’s common debit AID will help support EMV chip adoption in the United States by enabling issuers to deploy EMV cards in compliance with this regulatory requirement. PULSE will use MasterCard’s common AID to process domestic ATM and POS transactions on behalf of issuers that participate in both PULSE and MasterCard, including those initiated with contactless-enabled devices.
Visa and PULSE signed agreements to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier (AID) supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common debit solution shared among all participants will help to accelerate EMV chip adoption in the United States and provide a uniform platform that will enable network innovation. PULSE will use functionality on Visa’s common AID to facilitate all types of point-of-sale debit transactions on its network. In addition, the agreement enables PULSE to facilitate domestic ATM transactions on its network and provides for issuer choice in the routing of ATM transactions.
Fiserv, Inc. just announced an agreement to make Visa’s common debit EMV solution available for the Accel(TM) debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID).
Visa and First Data’s STAR® Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV cards contain an embedded computer processor or a chip that generates a one-time code for each transaction making it nearly impossible for criminals to…
epay, a division of Euronet Worldwide and a leading prepaid and payments processor in the U.S., in conjunction with its sister company Ria Financial Services (Ria), announces the launch of “Ria PINless Calling.” The product is currently live in more than 42,000 epay locations across the U.S., with Ria locations scheduled to add the product…
PULSE debit/ATM network saw strong growth in 2011, adding 129 direct financial institution participants to its network. The number of ATMs nationwide that accept PULSE grew in the last fiscal year to more than 380,000 from 350,000 in 2010. Consequently, total transaction volume on the network grew significantly in 2011, totaling more than 3.8 billion transactions, 16% up on the year ago period. Total dollar volume grew to $140 billion, 19% over the year ago period. The network also saw successful migration of the network’s debit processing and development platforms to state-of-the-art HP NonStop Blade server technology; expansion of Internet PIN debit to include recurring payments and subscription-based bill payments; enhancements to the DebitProtect® fraud mitigation system; and the launch of DebitSavvy.org, a website designed to engage consumers and explore all facets of debit card use.
Online Resources Corporation has been awarded a
new patent for a broad range of biller service provider (BSP) bill
payment transactions by the United States Patent and Trademark Office.
The new patent covers BSP bill payment transactions including payments
using credit cards, debit cards and PINless debit via live agent, IVR
and web-based payment systems. The patent, “Method and System for Remote Delivery of Retail Banking
Services,” is a continuation application of Online Resourcesâ original
U.S. Patent, No. 5,220,501, which covered online banking and bill
payment services and expired in December 2009. This original patent
granted Online Resources exclusive rights to process various real-time
electronic Automatic Teller Machine (ATM) network-based debit
transactions for consumers using home terminals to purchase goods or
services, pay bills and/or do home banking.
Online Resourcesâ eCom Advantage Suite is a comprehensive set of
electronic billing solutions for presentment, payment and receivables.
Clients are billers in many industries such as credit card, auto
finance, mortgage, insurance, healthcare, telecommunications and
utilities, including 13 of the top 20 U.S. card issuers.
GA-based Veracity Payment Solutions has signed a multi-year processing alliance with SecureNet Payment Systems.
In addition to the services agreement, Veracity will acquire a portion of
SecureNet’s merchant portfolio of approximately 1,500 retail locations.
Through this alliance Veracity can now offer enhanced Internet processing
solutions such as Electronic Invoicing, “Pinless” Debit and ACH processing. With this
joint alliance, Veracity’s merchant base will double in size to approximately 8,000 merchant
locations nationwide including the state of Hawaii. SecureNet Payment Systems’ flagship services SecureNet Virtual Terminal,
SecurePoS and SecureVault, are used by financial institutions, independent
sales organizations, payment processors, small- and medium-sized businesses as well
as enterprise institutions all over the world.
Under a new partnership, hospitals, doctors, laboratories and other related healthcare billers can offer a PINless bill payment method
via the “STAR Network.” Online Resources and First Data have teamed to offer lower cost Web and phone-based ATM/debit card payments from healthcare organizations. The U.S. healthcare payment system processes $1.9 trillion a year, according to McKinsey & Company. Payment processing costs consume about 15% or more of each dollar spent. The “STAR Network” has about two million ATM and retail locations across the country. Online Resources provides its financial institution and biller clients online bill payment and processing services through its network of over 6,000 electronic biller endpoints.