Fiserv Deploys AML Detection for Money Transfers

Fiserv financial services technology solutions announced bpost postal operator has implemented its “AML Manager” for its international and domestic money transfers. The “AML Manager” will offer bpost automated transaction monitoring and intelligent detection tools to help them with the investigation and reporting of suspicious money-laundering activity. Fiserv was selected after an in-depth European competitive tender and a successful three month proof of concept. Solution areas include financial crime risk management, financial risk management, financial performance management and financial control solutions.

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BPC Banking To Oversee Aeroflot Payment Gateway

BPC Banking Technologies Open System e-payment solutions for the global financial industry, reports on the successful operation of a Payment Gateway for Aeroflot – Russian Airlines. Built on SmartVista technology the Gateway has consolidated all sales channels for Aeroflot ticket sales into a single integrated interface for the Company. Recently BPC has also developed and implemented an integration of Aeroflot’s frequent flyer program “Aeroflot Bonus” with the gateway to support points’ redemption in the purchase of tickets and services from Aeroflot’s partners. Aeroflot engaged BPC to develop and implement a single Payment Gateway. Basing the implementation on its award winning payment processing solution – SmartVista, BPC created a single switch that enabled Aeroflot to manage its interfaces to numerous bank acquirers and partners as well as connections to payment systems.

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USA Tech Sees 4Q/11 Revenue Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless posted its fiscal 2Q/12 (4Q/11) results for the three months ended December 31, indicating the number of customers on its ePort Connect Service was up 77%; the number and dollar value of small-ticket transactions handled by its network was up 50% and 54%, respectively; recurring revenue from license…

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Online Luxury Fashion Spending Up for Average Consumer

American Express Business Insights now show average spenders- who fall outside of the top 10% of spenders- are leading spend growth in premium luxury and full-priced online luxury retail. Based on aggregated spending data from 2009-2011, the data also show while Gen Y consumers are demonstrating a growing hunger for full-priced online luxury, Seniors are demonstrating dominate spend growth on flash sale websites. But Seniors’ spending remained flat at brick and mortar department stores over the same period. The 2010 flash sales saw a jump of 92% in spending over the year prior by Average Spenders, which dropped to 21% for 2011. The growth trajectory was higher for full-priced online luxury websites where spending increased to 25% in 2011 from 20% in 2010.

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SWACHA Survey Shows Consumer Love for Loyalty Programs

SWACHA not-for-profit epayment association now shows a rewards program weighs heavily on consumers decisions when choosing a debit or credit card provider. Among consumers surveyed, 66% reported credit card rewards programs are important to them with 34% ranking them very important and 32% ranking them somewhat important. Although slightly lower than credit card interest, 21% said debit card loyalty programs are very important and 24% find them somewhat important to them when choosing a card. Debit cards are currently used by 26% daily, compared to only 15% using credit cards- among which 44% pay off their balance in full every month. Moreover, while 31% who earn between $25,000 to $45,000 hold at least three credit cards, 43% of those who earn $45,000 to $55,000 and 50% earning between $55,000 to $75,000, and 54% of those who earn $75,000 to $95,000 hold at least three.

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Dwolla Payment Network Reviewed and Rated A+

CardPaymentOptions.com has released their latest review on Dwolla, having awarded them an A+. Dwolla having shown favorable business practices in nearly all categories, what makes it unique from other payment systems is it allows money to transfer between people and businesses at a fraction of what other merchant services companies charge. They operate their own payment network, and offer user-friendly features like peer-to-peer transfers and instant cash transfers. For merchants they offer website integration and face-to-face payment acceptance, just as most other payment service companies would. Dwolla currently moves nearly $50 million a month in transactions and charges a fraction of what typical payment processing companies do. It was commended based on Marketing and Sales; Costs; Contracts; and minimal Complaints.

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2000Charge Sees 100% Increase in Interbank Transactions

Alternative payment processor www.2000charge.com has announced a 100% increase in transactions on its “iDEAL” interbank method during 2011. The solution allows shoppers to authorize online payments from their current account through their bank’s online banking site. Available to ABN AMRO, ASN Bank, Friesland Bank, ING, Rabobank, RegioBank, SNS Bank, Triodos Bank or Van Lanschot Bankiers customers, those with online banking can start using “iDEAL” right away, and merchants that use 2000Charge can start offering it.

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DFC Global Expands Internet Loan Offering

DFC Global financial services for the unbanked and under-banked expanded its internet loans offering. The Company is providing these loans by leveraging the scalable technology platform and back-office support capabilities of its Scandinavian internet lending business (Risicum) based in Helsinki, Finland. DFC Global international diversified financial services company serves those whom purchase some or all of their financial services from the Company rather than from banks and other financial institutions.

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BinDataSet Launches Bin Database

BinDataSet, a Bank Identification Numbers (BIN) database service provider, has released the largest BIN database on the Internet. The database contains over 350,000 records of credit and debit card numbers. The database also provides Country, Brand, and Bank. BinDataSet ensures that more fields are available for higher accuracy. This allows verification on all card transactions-by phone if needed-saving retailers millions in lost revenue to charge-backs.

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Hamburger Sparkasse Extends Wincor Nixdorf Portavis contract

The outsourcing contract between Hamburger Sparkasse and Wincor Nixdorf Portavis has been extended, holding over the next five years Wincor Nixdorf Portavis is to oversee Hamburger Sparkasse’s self-service cash management, software applications and IT infrastructure. Additionally, Wincor Nixdorf will take on central operations management for all self-service systems and the technical operation of the Hamburger Sparkasse Web-based portal and various banking applications belonging to the savings bank. Wincor Nixdorf Portavis will also provide remote monitoring and additional monitoring of cash holdings for 370 ATMs, some 500 statement printers and around 140 automated teller safes.

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