Ground Labs and Veritape Partner, Meet PCI DSS

Veritape and Ground Labs are pleased to announce a partnership which will improve PCI DSS compliance for call center customers. Ground Labs is renowned for Card Recon and Enterprise Recon, its cardholder data discovery software solutions for PCI DSS compliance. UK-based Veritape is a leader in the field of contact center PCI DSS compliance for call recordings, through its CallGuard products. The partnership will ensure that customers of both organizations will be able to further descope their call center operations from PCI compliance and remove card data from their environment. CallGuard, introduced to the market in 2010, has proven to be a significant development in the area of PCI DSS compliance for recorded telephone calls. It works with any call recording system and makes recorded calls fully PCI DSS compliant by removing sensitive cardholder data.

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Consumer Credit Card Performance Ends 1H/11 on High Note

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Defaults, delinquency and charge-offs all continued forward momentum from May into June and the 2H/11. U.S credit card defaults are now at the lowest level since early-2008 while delinquencies are at the lowest level in four years. With this, the Fitch Prime Credit Card Chargeoff Index for June was down 13…

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Prime Credit Payment Rate, Retail Payment Increases in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Prime monthly payment rate (MPR) was up 1.36% in June to 21.40% during the month after falling nearly 5bps in May. Meanwhile, on the retail credit card index, MPR was flat with a marginal drop to 14.27%, pushing it back under the historical average of 16.21% for the fourth time…

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2Checkout Appoints New CEO, Board Member

Tom Dailey has been promoted CEO and member of the board with 2Checkout.com global ecommerce payments. This after having served as President since joining the company in October, 2009 and his 27-years of experience in the card and payments industry, partially spent as executive head of Discover Card’s merchant network. Coincidentally, Mike Sayre has been appointed President, Chief Operating Officer and member of the Board, who was a consultant and 2Checkout’s Interim Chief Financial Officer since October, 2010.

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US Bank and Monitise Launch m-banking App

US Bank, Monitise Americas and Fis partnered to offer “ReliaCard” a new mobile app for U.S. Bank ReliaCard Visa cardholders in 16 states. The “ReliaCard” is a prepaid, reloadable card for those who receive recurring cash disbursements from a government agency, giving cardholders in various government programs convenient, free access to their accounts anywhere and anytime using their mobile phone. The new app allows ReliaCard cardholders to check their balance, pay bills, receive account alerts and view mini-statements on-the-go with ReliaCard mobile banking and can be downloaded by cardholders at reliacard.com. Cardholders can use the ReliaCard everywhere Visa debit cards are accepted worldwide, as well as most ATMs.

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Fifth Third Bank Launches deposit tracking

To help its Commercial Banking clients maximize the efficiency of the deposit process, Fifth Third Bank and International Financial Services web-based solutions for financial and retail services launched its “DTS System” deposit tracking system. The “DTS System” is designed to help Treasury Management customers using the Bank’s Cash Vault services consolidate information from any location, track armored carriers and provide a total view of their business’ cash collection process.

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Euronet Worldwide Expands Independent ATM Deployment

Euronet Worldwide expanded its network of Independently Deployed ATMs from five to eight countries to now include Romania, Greece and Croatia. These are in addition to Poland, Germany, Czech Republic, Ukraine and Bulgaria and reinforces Euronet’s position in Central and Eastern Europe (CEE). Euronet’s future plans include the addition of more countries to its growing IAD portfolio to optimize opportunities created by the Payment Services Directive (PSD). With PSD, IAD’s in pan-European countries will essentially operate under a payment services license which will enable Euronet to expedite time-to-market entry and leverage its existing processing infrastructure and ATM management know-how – translating into direct benefits for both banks and end-users.

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MasterCard Introduces Donation Campaign

MasterCard Worldwide introduced its ‘Eat, Drink and Be Generous’ campaign dedicated to making every penny count in the fight against cancer to raise funds for research supported by the Stand Up To Cancer (SU2C) charitable initiative. Every time cardholders use their MasterCard cards when dining out from now through September 1st, MasterCard will make a penny donation on each transaction, up to $4 million total, to SU2C. Qualifying purchases include a cup of coffee or a quick meal to ordering take out and fine dining. The program works to accelerate the pace of groundbreaking collaborative research in order to bring new cancer treatments to patients quickly and save lives, for which online and in-restaurant materials, web banner ads, statement inserts and ATM messaging through MasterCard bank partners will help raise awareness and promote.

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Columbia Credit Union Deploys mFoundry m-banking

MFoundry mobile banking announced Columbia Credit Union is the latest credit union to deploy its SaaS-based “m-banking” mobile banking platform. The offering leverages mFoundry’s multi-mode mobile banking solution, providing Columbia Credit Union members with mobile Web, mobile apps and text banking options. Columbia CU’s mobile banking applications include versions for Apple iPhone, Google Android and RIM BlackBerry devices. It lets members check their account balances and transaction history, transfer funds, pay bills and locate branches and ATMs, all from their mobile device.

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Discover Named Among Best IT Places to Work

Discover Financial Services has been named as one of Computerworld magazine’s “100 Best Places to Work in Information Technology” for 2011, ranking 35 for its ninth consecutive year on the list. Computerworld’s annual “100 Best Places to Work in Information Technology” list honors organizations that offer their IT staffs the best benefits, competitive salaries, opportunities for training and advancement, interesting project work and a flexible and diverse work environment. To be considered for the award, each applicant must have a minimum of 50 IT employees, with at least half of the IT staff based in the U.S., and must submit an extensive survey.

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Collective POS Selects Hypercom P.O.S. Terminals

Collective Point of Sale Solutions payment processing services and secure POS solutions selected and will deploy at least 2,000 Hypercom “Optimum T4220” countertop POS terminals with the “SPOS32” magnetic stripe and EMV software application, along with Hypercom’s “Term-Master Suite” terminal management software system. Hypercom’s PCI-approved and Interac-certified “Optimum” fixed countertop and mobile payment terminals include the “Optimum T4220” (Ethernet with dial), “Optimum T4210” (dial), “T4230” (GPRS with dial) countertop and “M4230 GPRS” and “M4240” Bluetooth mobile card payment terminals. Collective Point of Sale Solutions aims to provide entrepreneurs and owners of small to medium-sized businesses affordable, convenient and more customized alternatives to the debit and credit card processing services.

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