VantageScore Solutions has unveiled a new series of consumer-education videos, addressing questions and concerns raised by real-world consumers.
Gretchen H. Garrigues has joined First Data as chief marketing officer to lead the company’s global marketing efforts. Garrigues comes to First Data with a deep financial services background and leadership skills developed over a long career with GE Capital. She served as senior managing director of global strategic marketing, responsible for strategic planning, new product development, market intelligence and customer insights. SHe also served as a foreign trade officer for the U.S. & Foreign Commercial Service based in Paris, after running a successful startup venture providing language training and translation services across Europe.
Fiserv and the University of Connecticut School of Business announced that Fiserv is participating in the university’s Financial Accelerator Program to help educate students and foster innovation. UConn MBA students are now collaborating with area business leaders from Fiserv and two of its clients, the Savings Bank of Danbury and Greylock Federal Credit Union, to explore how financial institutions can attract and serve Gen Y consumers using state-of-the-art banking technology. This also introduces UConn MBA students to the DNA™ account processing platform from Fiserv. DNA is a modern, enterprise-wide software platform that is relied upon by hundreds of banks and credit unions, including Savings Bank of Danbury and Greylock FCU, for transaction processing, data management and customer relationship management. DNA offers a unique development toolkit – DNAcreator™ – that allows users to create seamlessly integrated applications called DNAapps™ that extend the platform in new and powerful ways. At the conclusion of the Financial Accelerator Program, UConn students will present a business case for creating a new DNAapp that DNA users like Savings Bank of Danbury and Greylock FCU can use to enhance the millennial banking experience.
CashStar launched a new gift card program with American grill and sushi bar, Kona Grill, replacing its existing gifting platform with CashStar’s solution. CashStar now powers Kona’s plastic and digital gifting programs, and also gives Kona gift card purchasers and recipients enhanced mobile experiences. Kona Grill’s mobile-optimized purchase pages make buying eGift cards on-the-go via a smartphone simple and easy. Recipients with iPhones or iPod Touch devices running iOS 6 or newer can easily store and redeem eGift cards in Apple’s Passbook app.
VantageScore made available its consumer-facing white paper to explain how and why credit scores change often, how certain common credit-related activities impact credit scores, and how to improve one’s credit score. The “Assume the Role of Managing Your Credit Prudently and Watch Your Credit Score Improve” white paper includes easy-to-follow graphics demonstrating the impact on a credit score from such things as missed payments, a credit inquiry and closing a credit account. It also includes sample consumer profiles ranging from consumers with high credit scores, those with low credit scores and those in between, as well as ways each type of consumer can improve one’s scores both in the short- and long-term. VantageScore Solutions created these profiles so that consumers can have a directional guide that easily explains how certain activities might impact their own credit scores.
VantageScore Solutions credit scoring model has been named a “Preferred Partner” by the National Association of Federal Credit Unions (NAFCU) Services Corporation, making it the only credit score developer to receive such a distinction. It has been designated a key provider of services to credit unions to help support their growth and productivity and will be providing NAFCU members and other credit unions with critical resources including research-driven white papers, and will offer a wide variety of educational content related to credit scoring through webinars, webcasts, podcasts and other channels via a landing page on NAFCU’s website.
Protegrity, a leading provider of end-to-end data security solutions, announced Protegrity Vaultless Tokenization for the Payments Industry, the first and only offering that enables processors and gateways to cost-effectively provide tokenization services across their entire client base. Protegrity now supports the largest companies in the payments industry with a lightweight tokenization solution that can scale…
VantageScore Solutions, the company behind the VantageScore® credit scoring model, and the Consumer Federation of America (CFA), a nonprofit association of nearly 300 consumer groups that was founded in 1968 to advance the consumer interest through research, advocacy, and education, announced today the results of a second-annual survey that measured consumer knowledge of credit scoring.…
Protegrity USA, a leading provider of end-to-end data security solutions and the premier security partner for Teradata, will highlight its strategic partnership with Teradata, the analytic data solutions company, at Teradata Universe, April 22-25 in Ireland. In addition to showcasing the use of Protegrity’s vaultless tokenization technology in the Teradata data warehouse environment, the two companies will also issue a joint white paper titled “Securing the Private Cloud: Exploring the Value of Tokenization.” “Securing the Private Cloud” is a security-focused companion paper to the recently released Teradata Active Data Warehouse Private Cloud. Written for data warehouse and IT professionals, the whitepaper highlights how Teradata’s Active Data Warehouse can make data available predictably and securely by leveraging Protegrity’s Vaultless Tokenization technology. Together, these solutions give business the ability to predict and manage changing market conditions without risking the security of data stored in the warehouse.
VantageScore Solutions announced that three white papers are now available that provide detailed performance results of VantageScore 2.0 within the mortgage, automotive and credit card lending industries. VantageScore 2.0 is able to capture both broad and recent behaviors as well as market conditions, making the algorithm less sensitive to volatility and predictive for a longer period of time. These characteristics contribute to the model’s performance results, which include a 7% increase in predictive accuracy in the real estate origination category when compared with a benchmark score; a 4% increase in predictive accuracy in the auto loan origination category when compared with a benchmark score; and a 4% increase in predictive accuracy in the credit card “existing account” category when compared with a benchmark score.
Protegrity USA end-to-end data security solutions joined forces with Securosis information security research firm to address the confusion around the PCI DSS tokenization guidelines administered by the PCI Council in August and help companies evaluate and select a tokenization solution. Protegrity will hold a webinar featuring Securosis analyst and CTO Adrian Lane and Ulf Mattsson, CTO of Protegrity and the inventor of Protegrity Tokenization. Together, Lane and Mattsson will explore how to deploy tokenization solutions within the scope of the PCI DSS and their perspectives on how the data security community can benefit from this promising technology.
Protegrity USA end-to-end data security solutions announced Preem AB, Sweden’s largest oil company, has adopted its data security platform to deliver PCI-DSS compliance for credit card transactions at more than 470 gas stations across the country. Protegrity’s solutions use modern tokenisation to ensure flexible, scalable security for customer data in transit and at rest without impacting transaction processing speeds. Why Protegrity In evaluating the different technologies available, Preem determined that the simplest way to achieve PCI-DSS compliance would be to adopt the tokenisation approach. Tokenisation protects sensitive data by replacing it with tokens that hold no value to someone who gains unauthorized access to that data.