Merchant Warehouse Conference Equips ISOs for Success

Merchant Warehouse secure payment processing solutions and merchant account services is set to host its second annual agent conference to provide its independent sales agents with knowledge and practical skill at the Lenox Hotel in Boston on Sept. 12-13. To feature panels, motivational speakers, updates on regulations and security standards from the perspective of industry professionals, Merchant Warehouse co-CEOs Henry Helgeson and Scott Zdanis will also address the conference prior to the start of each day’s session. The past year witnessed many regulations and issues that will have a dramatic effect on the payment industry. Independent agents who are better equipped with the correct information on these regulations will be better suited to service their merchants who are impacted by these decisions. The Durbin Amendment and its effect on credit and debit cards, and the on-going changes to PCI-DSS standards are just two topics that will garner plenty of conversation at the conference.

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IT Governance PCI Offers Discount on PCI Training

IT Governance PCI and information security is allowing delegates to save GBP100 if they book onto the next PCI Foundation Training Course taking place on September 15. Information Security Managers and other staff responsible for, or involved in, their organisation’s PCI DSS compliance activities need to attend specialist training in order to ensure that they are familiar with the requirements of the PCI DSS Standard. The PCI Foundation Training Course provides comprehensive and practical coverage of all aspects of implementing the PCI DSS, advocating efficient, cost-effective plans to meet the standard.

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RBS and NatWest Kickoff BlackBerry App

RBS and NatWest have introduced their BlackBerry banking app, allowing users to check their balance, see their last 6 transactions and even transfer funds between accounts. This new app means they can transfer money when short of cash, check their account balance, and even pinpoint the closest ATM if ever short of a few pounds. Essentially it provides RBS and NatWest customers with a simpler way to manage their money – all from their BlackBerry smartphone. They also can see all accounts they hold with either NatWest or RBS, check balances, see their last 6 transactions, manage and receive SMS text message alerts, and reload their pre-paid mobile account.

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VeriFone Net Revenue Up 21% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems electronic payment solutions posted its 3Q/11 (2Q/11) net revenue of $317 million, up from the last quarter figure of $292 million and the year ago figure of $261 million for a 21% increase and the fifth straight quarter that net revenues grew more than 20% from the prior year.…

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First Data & Zoot Offer Loan Origination

First Data electronic commerce and payment processing partnered with Zoot instant credit decisioning and loan origination solutions, whereby the former will offer account opening and loan origination solutions of the latter to its issuing client base. Namely, First Data will offer Zoot’s “zOriginate” loan origination software (LOS) solution, allowing users to complete the entire end-to-end origination process, from submitting the loan application using multiple channels, to seamlessly booking the new account to First Data in real time or using batch processing. The solution features flexible decisioning with the ability to easily incorporate traditional and nontraditional data sources.

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Citi Cards Restructures Executive Team

Citi Cards appointed Leslie Gillin as Head of Citi Cards Sales and Marketing, Valerie Greer as Head of Partnerships and Young Adult and Barry Rodrigues as Global Head of Network Strategy and Management. Leslie Gillin will drive the development of Citi Cards’ marketing and customer growth strategies and execution across all channels and will work closely with the product teams and global marketing organization to drive alignment of marketing efforts. She also worked in senior executive marketing roles at Bank of America in the U.S. and internationally, including Marketing Executive for Global Card Services, Chief Marketing Officer of Europe Card Services and most recently, Direct Response and Analytical Marketing Executive of the Consumer and Small Business Bank.

Barry Rodrigues will work with U.S. and regional Citi Cards leadership to develop a global network strategy and oversee relationships with all global network partners, such as MasterCard, Visa and American Express. He joins Citi from American Express where he was President of Global Network Services (GNS) where he occupied various leadership positions, overseeing major bank issuer relationships and merchant acquiring and processing. Valerie Greer will be responsible for strengthening key partnership portfolios for the Cards franchise and providing overall strategic direction for these relationships.

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Cardlytics Closes $33M, Partners for Transaction-Driven Marketing

Cardlytics transaction-driven marketing has signed a long-term global strategic alliance with Groupe Aeroplan loyalty management, whereby the partnership will generate an additional $33 million in capital to fund U.S. and International growth. The Cardlytics platform allows retailers to present consumers with relevant offers via trusted electronic banking channels including mobile, SMS, email and on-line banking. Cardlytics will reach 70% of all U.S. households in Q1 2012. By deploying technology within partner financial institutions, Cardlytics can leverage all of a household’s purchases to target and measure marketing in a way that full protects consumer privacy and financial institution data. All of this is done in a ‘pay for performance’ model thereby eliminating all risk for the merchant.

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Velocity FCU Implements VSoft RDC Solutions

VSoft process improvement solutions for financial institutions announced Velocity Community Credit Union implemented its home/office and mobile remote deposit capture solutions. Velocity wanted to implement progressive RDC services to promote retention by improving the member banking experience while attracting new members to the credit union. In addition to offering highly advanced technology, Velocity selected VSoft for its ability to seamlessly integrate with the credit union’s Internet banking provider. VSoft’s mobile remote deposit capture solution expands the convenience of banking for Velocity members, enabling them to manage accounts from any location using a smartphone.

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Regions Bank Launches University of Alabama Fan Pack

Regions Bank is introducing a new University of Alabama CheckCard displaying Alabama’s traditional script A and signature crimson and white colors, featuring automatic cash-back.The new University of Alabama CheckCard and checks are available for use with all Regions Bank consumer checking accounts. In addition to the University of Alabama CheckCard, Regions continues to offer Bama fans the exclusive 2009 Crimson Tide National Championship CheckCard, which is only available to Regions Bank customers. Regions Bank is the official bank of the Southeastern Conference and offers a number of other specially branded CheckCards and checks affiliated with colleges and universities, including the Mississippi State University Fan Pack, and the Florida Gators Fan Pack.

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