ActivIdentity authentication and credential management announced Metro Bank will use its “4TRESS’ authentication server to secure access to the bank’s “Temenos T24” core banking solution. With “4TRESS” Authentication, Metro can significantly reduced the cost and complexity of deploying strong authentication with the bank’s online banking platform, based on “Temenos'” ARC Internet. ActivIdentity provided the “4TRESS” Authentication Server plus professional services to help Metro Bank go live with the solution, which will let the bank respond quickly to new online attacks, evolving business requirements and changing customer needs. Metro Bank gains the flexibility to meet security requirements for a wide range of deployment, end-user, and device options that are scalable to millions of users.
U.S. Bank and Visa have partnered with DeviceFidelity, FIS and Monitise to launch contactless m-payment. With this, Customers can wave their phone in front of a Visa “payWave” contactless payment terminal in order to pay. U.S. Bank is one of the first major card issuers in the United States to pilot this landmark technology as employees in multiple states will begin testing this month. Issued by U.S. Bank, a DeviceFidelity “In2Pay” microSD is inserted in the customerâs mobile phone or within a specially-designed iPhone case (In2Pay iCaisse) which conforms to the industry standard for memory cards; fits into the memory card slot found in many existing mobile devices; is password protected; and uses security technology to uniquely identify each contactless transaction. Visa and DeviceFidelity recently introduced the patent-pending In2Pay microSD based mobile contactless technology and the associated In2Pay iCaisse solution. FIS and Monitise developed the application that enables customers to make mobile purchases and access account information as part of the U.S. Bank pilot.
Consumer focus on scaling back expenditure by adopting pay-as-you-go strategy is proving beneficial for the debit card market, with debit card use to hit 5.3 billion users worldwide by 2015. The steady growth in debit transactions even during adverse economic conditions indicates the rising consumer preference for using debit cards in payments of routine purchases. Debit card industry faces challenges due to conflict associated with interchange rates, and rising incidences of fraud and data breach. Asia-Pacific and Europe account for more than two-third share of the total debit cards in use across the world, as stated by the new market research report on debit cards. Increasing adoption among young consumers and growing number of online transactions are major factors driving debit cards market.
Fiserv financial services technology posted its 3Q/10 GAAP revenue of $1.03 billion, compared with $992 million in 3Q/09 and adjusted revenue was up 3% to $978 million, compared with $945 million in 3Q/09. Adjusted internal revenue growth was 3% thanks to 5% growth in the Payments segment while the adjusted operating margin increased 50 basis points to 29.4% over last year, which was 29.3% for the first 3 quarters of 2010 for a 40-basis-point increase over the first nine months of 2009. This performance is thanks in part to Fiserv’s introduction of the “Mobile Source Capture” remote deposit capture solution for camera-equipped smartphones; having expanded its consumer payments footprint in the quarter by signing 124 electronic bill payment clients and 59 debit clients; and having won over 270 clients commitments to its “ZashPay” person-to-person payments service. Additionally, the Company won service contracts with the Center Bank of Los Angeles; Eagle Savings Bank of Cincinnati; the Granite State Credit Union of Manchester; Kern Schools Federal Credit Union; Liberty Bank; Navy Federal Credit Union; and Patelco Credit Union of San Francisco.
4Q/08: $984 million
1Q/09: $968 million
2Q/09: $951 million
3Q/09: $992 million
4Q/09: $1.01 billion
1Q/10: $954 million
2Q/10: $970 million
3Q/10: $1.03 billion
Source: CardData (www.carddata.com)
NCR Corporation posted 3Q/10 revenue of $1.21 billion, up 6% from 3Q/09, $78 million of which was from continuing operations, compared to the year ago figure of $15 million. The 3Q/10 revenue from continuing operations included $50 million in pension expense, $39 million of income tax benefit and $6 million of incremental costs directly related to the relocation of the Company’s global headquarters. These results were thanks to EMEA revenue up 10% from 3Q/09; APJ regional revenue up 5% year-over-year; Americas revenue up 4% since the year ago period; and income from operations up $34 million by 29% from $29 million in 3Q/09. The Company also posted $360 million in cash and cash equivalents, an $87 million decrease from the $447 million the prior quarter and is projecting full-year 2010 revenues to increase in the range of 2 to 5% since the year ago period with full year 2010 Income from Operations of between $92 million to $102 million and GAAP diluted earnings per share from continuing operations of between $0.65 and $0.73. Client developments disclosed NCR began installing its “Solidcore Suite” for APTRA across Unicredit Bank’s entire multivendor ATM network across Russia; Barclays Bank implemented NCR’s outsourced management and maintenance services for its U.K. network of 550 remote and host-operated ATMs in a two-year agreement; and NCR introduced its “RealPOS 40” and “RealPOS 60” POS payment terminals.
REV ($) 3Q/09 VS 3Q/10
TOTAL : 1.14B 1.21B
Products : 541MM 600MM
Services : 594MM 607MM
Cost Prd : 433MM 475MM
Cost Srv : 478MM 486MM
Sage Payment Solutions payments division for Sage North America has partnered with ROAM Data mobile commerce solutions to offer integrated mobile payments offering for small and midsized businesses (SMBs). Offering Sage customers convenient and secure payment options for payment card acceptance on hundreds of different types of mobile phones and other mobile computing devices, ROAM Data’s mobile payment application “ROAMpay” is being integrated with the PA-DSS certified payments platform. Using “ROAMpay” lets Sage customers to process payment card orders; use an optional low-cost card reader for Card Present transaction rates; log cash orders, download reports online, and email receipts to their customers; rapidly change applications or add features to mobile apps that may benefit them; and provides integration with their Sage accounting solution.
Metro Bank has implemented teller cash recycling technology from NCR Corporation, cutting the typical 40% of a teller’s time spent counting and re-counting cash significantly. With NCR’s teller “Cash Recycler”, which automate the acceptance, authentication and validation of note deposits and make the cash instantly available for dispensing to customers, the bank plans twelve further outlets in Greater London over the next two years. Running on NCR APTRA Cash Connect software in a unique thin client environment, the “Cash Recycler” give each teller an instant, individual cash drawer balance.
Ingenico payment solutions and Sage Payment Solutions have partnered to
offer the US market a new integrated payments offering for small and
mid-sized businesses. This will allow Sage customers to use Ingenico’s
credit card terminals with Sage Exchange connectivity to securely
process payments. The Ingenico terminals will seamlessly integrate with
the “Sage Exchange” PA-DSS payment platform. Ingenico will also
integrate “Incendo Online” terminal application with “Sage Exchange” to
give businesses centralized control of their Ingenico payment devices.
The “Sage Exchange” accepts credit and debit cards, gift/loyalty cards,
electronic bank accounts (ACH), and paper and e-checks including
electronic check conversion.
Ingenico payment solutions and Sage Payment Solutions have partnered to offer the US market a new integrated payments offering for small and mid-sized businesses. This will allow Sage customers to use Ingenico’s credit card terminals with Sage Exchange connectivity to securely process payments. The Ingenico terminals will seamlessly integrate with the “Sage Exchange” PA-DSS payment platform. Ingenico will also integrate “Incendo Online” terminal application with “Sage Exchange” to give businesses centralized control of their Ingenico payment devices. The “Sage Exchange” accepts credit and debit cards, gift/loyalty cards, electronic bank accounts (ACH), and paper and e-checks including electronic check conversion.
U.S. Bank has partnered with Monitise Americas to launch “AccelaPay” mbanking for its “AccelaPay” Visa cardholders. Providing free access to user accounts anywhere and anytime through their mobile phone, “AccelaPay” mbanking, the service will be introduced to the U.S. Bank “ReliaCard” Visa program this month and to other prepaid card products in the coming months. BlackBerry and iPhone users can download the free “AccelaPay” application at accelapay.com, and all other mobile web users can access the AccelaPay mobile website at m.accelapay.com to check their balance, pay bills, receive account alerts and view mini-statements on-the-go.
Monitise Mobile Money solutions has partnered with DeviceFidelity to offer mobile phone users contactless Visa “payWave” transactions. The partnership combines Monitise’s expertise in mobile financial services and user interface design with DeviceFidelity’s In2Pay technology. In2Pay microSD is an innovative new technology that enables mobile users to transform a smart phone with a microSD slot into a mobile payment device. The Monitise developed user interface can be integrated with a variety of mobile banking applications, enabling financial institutions to offer their customers a suite of mobile services, including mobile payments, balances inquiries, mini-statements, bill payment, and funds transfers. The combination of payment capabilities and a slick user experience with a rich set of functions is key to expanding adoption and acceptance of mobile contactless payments.
The Vodafone Americas Foundation and mHealth Alliance are introducing the annual Vodafone Americas Foundation Wireless Innovation Project and mHealth Alliance Award competition to identify and support promising wireless-related technologies to address critical social issues around the globe. Proposals will be accepted from September 27, 2010 through December 15 with the final winners announced at the annual Global Philanthropy Forum in Redwood City, CA in April 2011. The Vodafone Americas Foundation Wireless Innovation Project(TM) will award $300,000, $200,000 and $100,000, to the first, second and third-place winners. Vodafone has long recognized that wireless technology has the potential to make the significant impacts in the world — particularly in developing countries.