The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
VT-based CONIX Systems has unleashed TCMx, which integrates bank settlement of all payment types across all payment channels. TCMx provides both monitoring and settlement for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, including return items and adjustments.
Elan Financial Services launches a new credit card partnership with People’s United Bank. The deal provides a full suite of MasterCard-branded products with valuable reward options to the bank’s customers as well as access to enhanced payment technologies, such as digital wallets and real-time activity alerts.
Citizens Financial launched more user friendly mobile access. Use of mobile video camera technology improves on mobile check deposit functionality, with higher-quality images that make it easy for Citizens Bank and Charter One customers to deposit checks with their iPhone®, iPad® and Android™ devices. Customers can also now view account balances on mobile devices without logging in. The Citizens “Bank Better” enhancements that expand mobile banking functionality for Citizens Bank and Charter One customers – mobile check deposits and fast account balances. Both enhancements use industry-leading technology designed to deliver increased customer convenience. CFG’s mobile check deposits capture check images using a mobile device’s video camera. The check image is captured using the mobile device’s video camera and leverages built-in components to provide real-time feedback to the customer. The Citizens Bank and Charter One Mobile Banking App proactively instructs the customer to make needed corrections like holding the device steady, turning on the flash or getting closer to or pulling back from the check. Once all conditions are met, the video camera automatically takes the picture.
Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced that Merchants Bank has selected its SilverLake System® core processing platform to provide enterprise-wide automation. This Vermont-based mid-tier bank will implement SilverLake through Jack Henry Banking’s outsourced offering, JHA OutLink Processing Services.
MoneyGram, a leading global money transfer company, announces today that it has signed an agreement with New Albertson’s Inc., (NAI), to offer money transfer, bill payment and money order services in all ACME Markets, Jewel-Osco, Shaw’s and Star Markets grocery stores. The new agreement with NAI includes provisions which will allow customers to interact face-to-face…
LevelUp launched the LevelUp Software Development Kit (SDK), which will enable developers to easily integrate mobile payments into their own applications. The LevelUp SDK is part of LevelUp’s ongoing strategy to create an open platform for mobile payments, with easy access for merchants, consumers, and developers. For the non-technical folks out there, an SDK is basically a nicely packaged set of tools that lets developers build on a specific platform, or integrate some desirable functionality built by somebody else. SDKs can be really broad, enabling the creation of entirely new apps (like Apple’s iOS SDK), or much more specific, letting developers integrate existing functionality into their own apps (like Facebook’s social SDK). LevelUp’s SDK is more like Facebook’s than Apple’s. Developers can now add mobile payment-specific functionality to their new or existing applications.
Fiserv announced that Greater Nevada Credit Union (Greater Nevada), based in Carson City, Nev., has selected the DNA account processing platform from Open Solutions, now part of Fiserv. Recognized by industry leading analysts for its best-in-class technology, user experience and breadth of functionality, DNA from Fiserv is the first relationship-centered core banking platform built for global collaboration. DNA is a 24/7 continuous, real-time platform that employs a relational data model designed around the person, not the transaction.
Heartland Payment Systems has delivered more than $262,000,000 in signature debit savings to its merchant customers throughout the United States. Restaurant merchants received more than $75,000,000, lodging merchants received nearly $10,000,000, retail merchants received almost $30,000,000 and petroleum/c-store merchants received more than $55,000,000. The Durbin Amendment, part of the Dodd-Frank Wall Street Reform Act, caps debit card interchange rates for issuing banks with more than $10 billion in assets at 21 cents per transaction, plus one cent for issuers with an effective fraud prevention system, and 0.05% of the volume of transaction.
RBS Citizens announced it will host a series of complimentary Financial Forum webinars related to issues in Cash and Treasury Management. The next webinar entitled Payments Risk and Security will be held June 13, 2012. The Financial Forum webinars are designed to provide corporate treasurers with up-to-date information on a variety of topics to assist…
Bank of America Enterprise Marketing and Market President Executive Meredith Verdone announced today that Bill Williamson has been named Maine state president. A native who has called Maine home for most of his life, Williamson has been with the company since joining a predecessor institution in 1981. As state president, Williamson will help integrate Bank…
RBS Citizens Financial Group announced its online and mobile banking platforms for Citizens Bank and Charter One customers. This makes available person-to-person payments on the web and expanded mobile functionality that is now available to Android users in addition to iPhone users. The apps allow users to make payments, check balances, view account history and find a branch or ATM while on the go. With Popmoney and external account-to-account transfer functionality also now available to Business Banking customers, small businesses can improve their cash-management processes while monitoring their finances with a single view of all of their accounts.