G2 Web Services Appoints New VP

Jen Mack has joined G2 merchant compliance monitoring and e-commerce risk management as VP, Business Development. With this, she will oversee adoption of G2’s merchant risk management services, as well as developing and maintaining strategic partnerships in the payments industry. Bringing more than 14 years of data security and PCI DSS expertise to G2 Web Services, Mack was most recently the Director of the Global PCI Consulting Service at Verizon Business, where she developed the global PCI Leadership team and liaised with key stakeholders in the payments industry.

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Misys Licenses IBM Software

Misys application software and services company has selected IBM software to help power its “BankFusion” platform and help banks develop new processes or adapt existing processes more rapidly to cater more closely to the demands of customers. BankFusion clients can benefit from faster implementation of core banking projects and more flexibility in their operations. With this, Misys is incorporating IBM business analytics, information management and application server software, including Business Process Server, into its BankFusion platform.

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First Data and SunTrust Extend Merchant Processing

First Data Corporation electronic commerce and payment processing and SunTrust Banks renewed their merchant services partnership, SunTrust Merchant Services. The joint venture currently serves more than 67,000 merchant locations and processes more than $29 billion in card volume every year. First Data will continue managing day-to-day operations, risk management and merchant sales activities, while SunTrust will continue to build upon the growth of the business through its client-facing channels, including its retail branch network of more than 1,650 locations throughout the Southeast and Mid-Atlantic regions and wholesale-relationship sales force. First Data also provides SunTrust signature debit, credit, prepaid and commercial card processing, fraud prevention and detection, and card production services.

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Xsolla and ZipZap Allows Gamers to Pay Virtual Currency

Xsolla partnered ZipZap alternative payments company, allowing cash transactions for online purchases. With this, ZipZap’s “CashPay” payment option allows Xsolla customers without bank accounts or credit cards to pay for virtual currency in their favorite games using their extensive cash payment network. At least 50% of the gamer population do not have access to traditional financial services, but still want to pay for virtual currency in their favorite games. ZipZap’s “CashPay” is currently available as a payment option in Heroes of Newerth (S2 Games), Social Networks Vkontakte and Odnoklassniki, and other games.

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RushCard to Reduce and Simplify Fees, Enhance Benefits

RushCard announced plans to streamline its fee structure for the Prepaid Visa RushCard and introduce its “RushUnlimited” Plan. Many customers who choose the new plan can make unlimited signature and PIN transactions for a new lower monthly fee. The “RushUnlimited” Plan will offer increased payment flexibility and a simplified fee structure for Cardholders choosing from within the RushCard suite of solutions. For Cardholders across all RushCard plans, the fees for bill pay enrollment, individual bill pay transactions, plan changes and replacement cards* will be eliminated while fund transfers to other RushCards owned by the same Cardholder are to remain free.

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Real-time POS Retailing Comes Into Focus

New POS technology focuses on thin client solutions, mobile POS, centralized POS platforms and customer smartphones as a checkout device rather than the traditional POS platform. More than 25% of merchants labeled their organization as an early adopter as retailers look to new technology to serve the customer. Retailers are continuing to expand into mobile retailing with more than 33% operating a mobile channel compared to 12% last year. Omni-channel retailing continues to expand as retailers implement the technology needed to offer their customers a singular brand experience across all channels.

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VPcard Launches Virtual Network

VPcard deployed its www.VPcard.com free network for facilitating business-to-business (B2B) transactions. The network consists of an interconnected group of customers and their vendors that allows tracking of p-card purchases, improves transaction visibility, increases spend control, and eases monthly credit card statement reconciliation. It allows organizations to avoid the expense and delay of issuing formal PO’s for frequent purchases involving small transaction amounts. The VPcard Network also supports non-PO purchases that are paid by Accounts Payable departments, allowing vendors to avoid transaction fees while their customers gain the efficiency of paperless invoices and automated payment.

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Tuition Express Awarded PCI DSS

Procare Software’s Tuition Express payment processing service has achieved the Payment Card Industry’s Data Security Standard Level 1 for the fifth year in a row as a Level 1 Service Provider. Earning the Certificate for 2012, the audit was conducted by Coalfire. Tuition Express has processed over 12 million credit card and ACH transactions, totaling nearly $4 Billion in payments for its customers. Fully integrated with Procare Software – the nation’s number one selling child care management system – Tuition Express automatically posts payments to customers’ ledger cards and sends customers automated emailed receipts.

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Bank of Georgia implements Jack Henry Social Media Compliance

Jack Henry & Associates’ “ProfitStars” division announced that The Bank of Georgia has implemented its Gladiator Social Media Compliance (SMC) Services. This will assist in proactively managing the risks associated with social media platforms, offering outside counsel on how to develop and launch an effective social media strategy that would comply with all regulatory mandates. The Bank of Georgia uses Gladiator’s security expertise to organize its informational security policies, so it was confident in relying on Gladiator to provide similar guidance on social media compliance.

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Green Dot to Launch Pre-Paid AARP Card

Green Dot banking and payment solutions is working with AARP Foundation and MasterCard to launch the a prepaid card tailored to older Americans. The “AARP Foundation Prepaid MasterCard” from Green Dot is ideal for direct deposit of paychecks and federal benefit payments, especially given new Federal requirements that all Social Security recipients obtain payments electronically as of March 1, 2013. The Card launch online and at Walgreens stores is planned for mid February, with rollouts to more Green Dot retail partners throughout the year. Cardholders also have the option of a linked savings account that allows the transfer of funds directly from the Card.

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MasterCard to Partake in the Goldman Sachs & KBW Cards Expos

MasterCard announced its participation in Goldman Sachs 2012 Technology & Internet Conference in San Francisco, for which its president of APMEA region will present on February 14. Also, on February 16, the chief financial officer, will present at the KBW Cards, Payments & Financial Technology Symposium in New York. MasterCard is a global payments and technology company and operates a payments processing network to connect consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.

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Giesecke & Devrient Launches Compact Banknote Processing

With the BPS C1, Giesecke & Devrient (G&D) has added a further robust, high-performance machine to its range of desktop systems. This two-stacker machine, featuring a sorting tray and a reject compartment, boasts a counting speed of up to 1,500 banknotes per minute – the fastest in its category. It is highly flexible and offers utmost precision for banknote processing applications. The system is able to process up to 10 different currencies. Two people can use the same BPS C1 machine in parallel, making an investment in the system even more cost-effective. The BPS C1 can be equipped to read serial numbers on banknotes and barcodes, for instance on casino tickets. As a further option, banknotes can be sorted into three classes according to the condition they are in, distinguishing between banknotes suitable for automated teller machines, banknotes fit for circulation, and banknotes no longer fit for circulation.

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