Fundtech & JPMorgan Partner to offer international wire transfer

J.P. Morgan Treasury Services partnered with Fundtech to offer an integrated international payments service to banks using “PAYplus USA.” This lets banks offer their clients enhanced foreign exchange and cross-border payment services and customize their transaction processing. Fundtech’s PAYplus USA provides end-to-end processing for domestic wires. The partnership provides Fundtech clients a seamless means to access a variety of services including foreign exchange in more than 135 currencies, and US Dollar Clearing’s complete suite of international commercial payment capabilities – including expedited payments to and from Asia.

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First Data Introduces information and analytics suite

First Data launched its product offerings from its Information and Analytics Services (I&AS) division to merchants and other businesses that need superior fact-based insights on consumer spending and payments. The “Business Track” provides key information at a glance on credit, debit, prepaid/gift card and check data. This newly designed interface has applications organized by popular use, so those frequently accessed are prominently located. First Data now offers a proactive, convenience-oriented approach to notifying merchants of time-sensitive reconciliation and dispute events that have bottom-line impact. It allows prepaid card program managers to access the competitive insight they need to understand how their program is performing compared to industry peers through the “Prepaid Advisor Benchmarking Toolkit.”

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Technology Credit Union Introduces m-banking apps

Technology Credit Union deployed its next generation Mobile Banking, offering native applications for the iPhone, iPad, iPod Touch and Android devices. This lets members check account balances and track activity, transfer funds and pay bills, as well as find the nearest surcharge-free ATM or branch location. The applications have already been downloaded more than 2,000 times, with the iPhone app scoring a 5-star rating and the Android scoring 4 stars. This next generation of Mobile Banking also includes a new and improved Mobile Browser (WAP) for compatibility with all other smartphones.

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Bankart deploys LogRhythm PCI compliance

Bankart payment processing has deployed the LogRhythm integrated log management and Security Information and Event Management (SIEM) solution to ensure compliance with PCI DSS regulations. Bankart is also using LogRhythm’s solution to improve operational efficiencies across all parts of its network and to help implement security best practices. Bankart previously used the individual monitoring functionality associated with each system on its network. However, faced with a rising number of logs, the organisation wanted a more effective method of collecting, processing and reviewing all log data. It also recognised that a centralised log management solution would help ensure PCI compliance and bolster the security of its systems, while also improving the efficiency of its IT infrastructure.

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PULSE Launches Anti-Fraud Forum

PULSE debit/ATM network implementing with financial institutions its new “DebitProtect Forum” as an extension of its DebitProtect Fraud Detection Services. The DebitProtect Forum web-based discussion forum available to all DebitProtect participants for the secure exchange of information and best practices surrounding fraud mitigation tactics and trends in debit security. The Forum includes discussion threads on data breaches, ATM fraud and international fraud while participants can consult with PULSE fraud management experts, track topics or threads and link to important PULSE announcements and web content.

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M6 Launches Barclaycard Contactless Payment

M6 Toll operator, Midland Expressway, has partnered with CreditCall and Barclaycard, becoming the first toll road in the UK to enable drivers pay for their journeys by tapping their contactless cards on new readers installed at the Toll lanes. Contactless payments will initially be trialled from autumn 2011, rolling the technology out across all M6 card-accepting toll booths in the first quarter of 2012 ahead of time for the London 2012 Olympics. In the UK, 16.2 million contactless-enabled credit and debit cards were in circulation in May 2011.

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WorldRemit launches online remittance service

WorldRemit online money transfer business partnered with Commercial Bank of Ethiopia to launch an online money transfer service that lets Ethiopian immigrants remit home using their debit cards, credit cards and Interac Online. The new service lets users send money from the privacy and convenience of their home or office, 24/7. All they require is Internet access, eliminating the need to take time off to visit an agent location. When the money is sent, for which they can be notified on the mobile device, recipients can collect cash from any of CBE’s 390 plus branches in Ethiopia.

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NYCE Teams with LINK Network to Expand ATM Network

NYCE has signed a multi-year agreement with LINK cash machine (ATM) network to provide mutual ATM access to customers of both networks. NYCE Payments Network electronic payments network will now allow cardholders to conduct ATM withdrawals in the UK through LINK ATMs. Once individual LINK banks and building societies sign up, UK cardholders will be able to use NYCE ATMs in the U.S. through the new LINK-NYCE connection. All of the UK’s significant debit and ATM card issuers are LINK members, issuing around 100 million debit and ATM cards.

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Online bill pay and m-banking booming

comScore made available its Canadian Online Banking Insights report, providing a detailed look into emerging trends in the Canadian online banking industry. Based on comScore’s opt-in research panel of approximately 40,000 Canadian Internet users, the detailed quarterly reports include web site visitation, online marketing metrics, transaction benchmarks and mobile banking data that yield critical insights into emerging trends and consumer behavior in the Canadian online banking industry. An analysis of the Canadian online banking sector in Q1 2011 showed that there were 13.3 million online banking customers across the top Canadian financial institutions who manage checking or savings accounts online. Three out of five online banking consumers use their bank’s online bill pay platform. Although the number of online banking consumers in Canada is a fraction of the total in the U.S., bill payment users account for a similar percentage of total online banking customers, indicating a healthy demand for online payment services in Canada.

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Wincor Nixdorf 1H/11 Net Sales Up 4%

Wincor Nixdorf recorded a 4% increase in net sales for the first nine months of fiscal 2010/2011. The consolidated net sales of the IT company, which specializes in solutions designed for the branch and store operations of banks and retailers, increased in the reporting period to €1,744 million (previous year: €1,682 million). At €119 million, EBITA was slightly down on last year’s figure (€121 million), while net profit for the period was 4% lower at €77 million (€80 million). “Both net sales and operating profit are in line with our expectations,” commented President & CEO Eckard Heidloff. “We thus confirm our forecast for the year as a whole.” Wincor Nixdorf anticipates a rise in net sales of 4% for the current 2010/2011 fiscal year, while operating profit (EBITA) for the annual period is expected to match or slightly exceed the level of the previous year. In the first nine months of the fiscal year, net sales attributable to the Hardware business grew by 2% year on year to €877 million (€856 million). Net sales from Software/Services increased by 5% to €867 million (€826 million). The share of total net sales attributable to the Hardware business was slightly lower at 50% in the period under review (51%). Correspondingly, the proportion of total net sales from Software/Services rose to 50% (49%).

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BNP Paribas and Orange to Launch m-banking

BNP Paribas and Orange formed a partnership and signed a trademark license agreement to launch innovative mobile banking services in November 2011. This allows the groups to share expertise in their respective areas of excellence. BNP Paribas customer advisors will be able to offer mobile banking services in all 2,250 branches. Customers will be able to access the most innovative m-banking and m-payment services to manage their accounts and make payments using their mobile phones. The aim is to equip thousands of BNP Paribas customers with smartphones over a three-year period to combine the very best mobile services and banking services.

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