ACI Worldwide Intros financial crimes consultancy

ACI Worldwide payment systems officially launched its “ACI Financial Crime Consultancy Services” structured consultancy packages designed to improve the results achieved through the use of “ACI Proactive Risk Manager.” This gives financial institutions various programs of strategic, expert-services support from ACI’s technical, analytical and business consultants as part of their initiatives against fraud and financial crime. The consultancy packages offer a broad spectrum of services including setting up, staffing and operating a new fraud management practice; reviewing fraud operations; identifying areas for improvement; and optimizing the performance of automated fraud monitoring systems.

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CARDTRONICS BUYS LOCATORSEARCH, ENHANCES CONVENIENCE MARKETING

Cardtronics announced has acquired LocatorSearch location search technology, deployed by financial institutions to help customers and members find the nearest, most appropriate and convenient location. This development, under non-disclosed financial terms, brings in-house a technology deployed by Cardtronics and Allpoint Network since 2006 to power both their Web-based and smartphone app “ATM locators.” Included in its LocatorSearch transaction, Cardtronics has acquired more than 400 contractual relationships with banks, credit unions and financial services channel partners, as well as LocatorSearch’s proprietary location search technology, capable of delivering results across Web, mobile Web, smartphone app, and automated customer service platforms. A common deployment of LocatorSearch services aggregates location information for brick-and-mortar branch locations, as well as all the surcharge-free ATMs (regardless of ownership or network) that a bank or credit union makes available to its customers and members.

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Renasant Bank Joins the Secure Vault Payments

eWise payments and online financial management solutions provider added Renasant Bank to its growing customer base in the U.S. market to provide Renasant customers access to Secure Vault Payments secure alternative payments. Secure Vault Payments (SVP) secure online payment network developed by NACHA and eWise online payment. SVP is the only online payment system designed specifically for the unique security and convenience requirements of online payments and ecommerce. SVP is ultimately a secure way to make payments or shop online by leveraging their current online banking accounts to make immediate payments without enrolling, registering or sharing any account information.

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WHMCS Adds 2Checkout Billing Support

2Checkout.com (2CO) global ecommerce payments integrated its new advanced recurring billing features with WHMCS client management, billing and support. To further empower businesses utilizing subscription management to run their online businesses, 2Checkout also announced the introduction of “Pass-Through-Products” (PTP) to process recurring orders directly through any third party shopping cart software that supports this new feature. With the addition of recurring billing support from WHMCS, and the introduction of Pass-Through-Products, sellers may now dynamically create recurring products, services and sales. 2Checkout.com (2CO) is a worldwide leader in payment and ecommerce services and provides PCI compliant online credit card processing services as well as fraud protection, customer care, shopping cart solutions, data security services, conversion-driving payment methods, currencies and languages, and the online marketplace 2CO Shopping.

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ChargeSmart to Offer Cash Back Bonus on Utility Payments

ChargeSmart payments technology provider is now offering an instant rebate for consumers paying their utility bills with a Discover card through the ChargeSmart Bill Payments website. With this program, all utility payments made via ChargeSmart using Discover cards will receive an instant rebate that will offset service fees, and will be added to any other applicable rewards programs that are associated with the card. ChargeSmart payments technology provider serves consumers through its ChargeSmart Bill Payments solution and businesses with its ChargeSmart Direct program.

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Credit Union 24 Board Re-Elects Chairman

The Credit Union 24 credit union-owned ATM and POS network Board of Directors has re-elected Mansel Guerry for an unprecedented fourth consecutive term as Chairman of the Board. Under his most recent term, Credit Union 24 has grown to become the nation’s largest credit union-owned POS network, as well as provide the nation’s largest surcharge-free ATM access available to financial institutions, and has developed robust EFT products and services to help credit unions navigate the many challenges they’ve been facing in recent years. Credit Union 24 also developed Debit Edge POS program to help credit unions protect their interchange income while facing the implementation of the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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FICO Solution Helps Banks Grow Bankcard Folios

FICO analytics and decision management technology made available its analytic solution designed to spur profitable growth in lenders’ bankcard portfolios. The FICO™ Bankcard Growth Solution is an integrated solution to help lenders improve decisions based on deeper analytic insight and accelerated learning across all stages of bankcard acquisitions and originations. Specifically, the FICO Bankcard Growth Solution links a lender’s prospecting and offer generation decisions, providing information on responses and new account performance metrics that help the issuer adjust strategies with unprecedented speed. The unique underlying technology is an Analytic Learning Hub, which enables banks to accelerate the feedback cycle and use that information to offer the right card products to the right consumers at the right times.

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Square Now Processing $4mm m-Payments Daily

Square is now processing $4 million in mobile payments per day, a figure projected to double by October. Square passed the $3 million milestone in May, then reached $1 billion following the wildly successful round of funding. Usage amongst customers is distributed to iPad (21%), iPhone (45%), iPod (3%) and Android (31%) while Square has shipped more than 500,000 credit card readersover the past year, which are now available in Apple Stores, and is processing more than a million transactions per month.

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Radiant Systems Streamlines CenturyLink Field POS

Radiant Systems announced a new agreement with the Seattle Seahawks to provide its Quest stadium and arena technology for CenturyLink Field and CenturyLink Field Event Center’s food and beverage service operations. The implementation will include Quest Venue Manager software and over 625 fixed and portable POS terminals. Installed in approximately 200 events-based venues worldwide, Radiant Systems is a leader in innovative technology for stadium and arena concessions. A completely integrated solution, Quest features the fastest credit card processing in the industry, unparalleled durability and energy consumption 50 percent below that of the competition.

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FinCEN Adopts Final Rule on Prepaid Access

The Financial Crimes Enforcement Network (FinCEN) has published in the Federal Register its long-awaited final rule on “prepaid access” (formerly known as “stored value”). The result was worth the wait, with substantial improvements that should significantly reduce the regulatory burden the proposed rule would have created. The rule includes Issuers, sellers, and redeemers of prepaid access are no longer exempt from anti-money laundering (AML) requirements, which are only established for prepaid access products that (1) limit maximum value, and daily loads and transactions, to $1,000, and products that are funded solely through wages and employee benefits, so long as such products cannot be used internationally, do not permit person-to-person transfers, and cannot be reloaded from a nondepository source. This is effective September 27.

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AmEx Refines Delta SkyMiles Card Perks

American Express and Delta Air Lines improved priority boarding and in-flight savings for eligible U.S. Consumer and Small Business Delta SkyMiles Credit Cardmembers, beginning September 1. With this, Gold and Platinum Delta SkyMiles Credit Cardmembers will enjoy priority boarding on Delta flights, giving them early access to overhead compartments. Reserve Delta SkyMiles Credit Cardmembers will continue to use the Sky Priority lane and have access to Premium Security lines where available. Gold, Platinum and Reserve Delta SkyMiles Credit Cardmembers can also now check one bag for free and extend the benefit to others traveling in their reservation on every Delta flight.

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Restaurant Chain Deploys SonicWALL Network Security for PCI-DSS

SonicWALL intelligent network security and data protection solutions announced DavCo Restaurants deployed SonicWALL Network Security Appliance (NSA) 4500 firewalls, a Secure Remote Access (SRA) 4200 appliance, 154 SonicWALL TZ 210 firewalls and a SonicWALL E-Class Universal Management Appliance (UMA) EM5000. The company operates 154 restaurants in the Mid-Atlantic region, including Baltimore, Washington D.C. and Northern Virginia and selected SonicWALL to speed up its daily POS downloads to corporate headquarters for its 154 distributed Wendy’s locations. To become PCI DSS compliant and securely transmit credit card transactions over the Internet, DavCo deployed paired NSA 4500 firewalls at its corporate headquarters with a SRA 4200 appliance and 154 TZ 210 firewalls in all its locations.

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