First Financial FCU Deploys Datacard Instant Card Issuance

Datacard Group secure ID and card personalization announced First Financial Federal Credit Union has selected its “CardWizard” issuance software, along with its “FCP 20/20” financial card printers for its instant debit and ATM card issuance program. First Financial Federal Credit Union has implemented the Datacard instant card issuance software and associated hardware in its five branch locations around New Jersey. Immediately after opening a new account or requesting a replacement card, members leave the branch with a permanent, personalized, unembossed and activated ATM or debit card. The CardWizard issuance software transfers the personalization data fully encrypted to the FCP 20/20 financial card printer, which quickly and securely prints in high-definition color onto both sides of white blank card stock.

Details

Fiserv Shares Steps with Financial Institutions Marketing on Social Media

Fiserv financial services technology solutions, shared key insights into how financial institutions can add social media to their marketing mix at the 2011 BAI Retail Delivery Conference. The Company shared advice on how to monitor the social media conversation, prepare the internal groundwork for a social media launch, tailor the content and frequency of interactions to different social sites, market a social media presence and, lastly, measure results. Steps covered encourage Strategy Development; Listening and Monitoring the Conversation; Laying the Internal Groundwork; Integrating Marketing; and Metrics and Reporting.

Details

Javelin Names Fiserv Best mBanking Provider

Javelin Strategy & Research has named Fiserv the “Best in Class” mobile banking provider for the second year in a row in its “2011 – 2012 Mobile Banking Vendor Scorecard.” Fiserv attained the highest score of all the providers surveyed and is the only provider to be named “Best in Class” for two consecutive years, demonstrating consistent leadership in this emerging channel. The Javelin report credited key acquisitions of M‐Com and CashEdge by Fiserv for bringing strategic mobile services in‐house.

Details

Misys Deploys Market Risk Solution

Misys application software and services launched its “Misys Risk” enterprise market risk solution, allowing bank clients to measure, control and manage risk across multiple asset classes, instruments, portfolios and systems. Drawing on its deep expertise in developing risk management and trading systems, Misys has developed a front-to-back enterprise market risk management system designed for risk managers at sell-side and buy-side institutions, incorporating analytics, drill-down capabilities, limit and alert management and reporting. The “Misys Risk” solution leverages existing front-office trading infrastructures, reducing the cost, risk and time of implementation and is designed to work closely with multiple front-office trading systems to provide one dedicated solution for all risk management functions.

Details

SC Credit Unions Forge Partnership for Free Debit Cards

In South Carolina, 32 credit unions have joined together pledging to keep debit cards free for their members. These banks want it known they believe in providing the best banking experience for their members with as little cost to them as possible. The partnership credo reads; “I pledge to uphold the credit union philosophy of “people helping people” by continuing to offer fairly priced banking services to our members. In addition, I pledge that my credit union will abstain from charging a fee for members to use our debit cards for as long as market conditions allow us to do so.”

Details

VirtualPiggy Available to eBay Merchants

Virtual Piggy has completed the integration of its “VirtualPiggy” solution into eBay’s “Magento” platform. The “Magento” platform is part of the “X.Commerce” framework from eBay. This gives merchants on the “X.Commerce” framework access to ” VirtualPiggy.” Virtual Piggy delivers a technology platform designed for the management of the Under 18 age group in the global online market with technology allowing online businesses to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws.

Details

QNB Expands Installment Program

QNB is partnering with a number of stores in Qatar to offer QNB Credit Card customers with access to 0% financing over six equal monthly installments with its “FlexiPlan” installment option. Applicable to all QNB credit cards, the program is valid at Rivoli watch stores for purchases between 1 October 2011 and 30 April 2012. The QNB “FlexiPlan” is also available at the group’s Tag Heuer and Rado stores at Doha City Center, as well as the Omega store at Landmark. QNB will launch an installment campaign with Jumbo Electronics stores during the period of 15th October till 4th November 2011.

Details

Aldermore Bank Implements FinArch Compliance

Aldermore Bank has selected “Financial Studio” from FinArch integrated finance and compliance solutions. The lower total cost of ownership (TCO) and flexible end user experience of FinArch’s Microsoft technology architecture convinced the bank to adopt “Financial Studio” for their local regulatory reporting needs. The “Financial Studio” Compliance solution enables banks and financial institutions to meet regulatory demands for stricter compliance, while gaining additional business benefits by improving reporting flows, improving return on IT investment, and turning compliance into a cost-saving exercise.

Details

PayX International names New SVP, sales

Kieron Abernethy has been appointed as SVP, Sales with PayX International global independent payments knowledge company. With this he will oversee customer growth as it assists the payments community to evolve through a period of unprecedented change. He joins PayX with valuable sales leadership experience in the payments industry with recent roles of Vice President Strategic Sales First Data International for their Financial Business, Managing Director (UK) at NCR Ltd, COO at Moneybox Plc and CEO at Cash4All Ltd. These customer centric roles delivered high growth within the payments marketplace and his prime focus has been working with financial customers to develop their future strategies.

Details

MTS Selects OTI mPayment for NFC Program

On Track Innovations contactless smart card solutions announced that MTS communications group- with over 100 million subscribers , 70 million of which are in Russia- deployed the OTI “COPNI” mobile payment solution for its NFC projects. Working with SITRONICS Smart Technology as its technological partner , MTS allows LUKOIL retail customers use their mobile phone to pay for fuel transactions at the dispenser using a COPNI-enabled cell phone and accruing loyalty points for LUKOIL’s loyalty program. OTI’s COPNI (Contactless Payment and NFC Add-On) was selected after rigorous testing which represents the first commercial NFC project in Russia based on SIM-cards with SWP/HCI-protocol (Single Wire Protocol (“SWP”) and Host Controller Interface (“HCI”)).

Details

Giesecke & Devrient Supplies SIM Cards for NFC Project

Giesecke & Devrient (G&D) is to manufacture and personalize the NFC-capable SIM cards for a mobile payment system in cooperation with Sitronics Smart Technologies. The first commercial NFC project in the Russian Federation was implemented by Lukoil, Russia’s biggest oil company, Mobile TeleSystems (MTS), the country’s leading mobile network operator and SST. The collaboration will give customers of MTS the convenience of paying their bills at Lukoil filling stations by cell phone. A wide range of commercially available mobile devices can be used for these contactless payment transactions. G&D’s commercially available NFC-capable SIM cards are being deployed in the project. The contactless payment system, which is being set up in Perm, a city of around one million inhabitants in the Ural region, involves equipping the cell phones of MTS customers with an NFC-capable SIM card and a special NFC antenna solution.

Details

No Change Yet on the Unemployment Rate %

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Given the pre-recession unemployment rate averaged around 5%, the unemployment rate has been relatively high for the past few years and has not budged from the 9.1% mark- most recently posted in September- since April. Also, it has been within .2% of this rate since November 2010 when it neared 10%,…

Details