Conn AG Wants Answers on Citi Breach

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After Citigroup learned hackers gained access to about 1% of its 21 million credit card files and the personal information back in early May, Connecticut’s attorney general is now asking the Bank for more information about the data breach. Insisting the Bank hasn’t yet explained how the attack happened, the attorney…

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NCR Introduces New Financial Kiosks

NCR Corporation announced the global launch of the next generation of NCR Financial Kiosks, which provide automated service options for financial services companies looking to offer a new customer channel in branches or off-site locations. The NCR SelfServ 4 and the NCR SelfServ 8 offer consumers the convenience of bypassing teller lines and quickly completing typical branch transactions, such as account opening, account maintenance and financial product research and purchase. By migrating routine transactions to self-service channels, tellers can dedicate more time to customer service, facilitating high-value product purchases and cross-sales. This allows customers to easily pay bills, transfer funds and print statements through a secure self-service channel. They can also search for loan, credit card and insurance rates, receive quotes and apply for a new product or service at the kiosk.

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Bluepoint, Corporate One FCU Partner to Deliver Item Processing and Check Capture

Bluepoint Solutions Check 21, remote deposit capture, item processing and enterprise content management solutions partnered with Corporate One Federal Credit Union. Bluepoint developed the software that powers the “IMAGEin” branch capture solution specifically for corporate credit unions to deploy to their members.Check images will then be sent to Corporate One for processing and clearing. Credit unions will not incur additional licensing fees or software costs, other than support. Day-to-day operations of the credit unions will be unaffected, ensuring a smooth transition that is completely invisible to members and requires no additional costs or staff training.

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BookIt.com and PayPal Consolidate Travelers’ Reservations

BookIt.com online travel company implemented PayPal’s Parallel Payments, allowing guests to use PayPal to book all travel purchases in one easy transaction. Travelers will now be able to pay for flights, hotels, car rentals and vacation packages with one step using the leading global online payment system. PayPal offers a safe, simple way for guests to pay for their travel online without sharing personal financial information. In addition to enhancing guests’ purchasing experience, PayPal exposes BookIt.com to millions of its users who prefer to do business with websites that offer the service. In 2010, PayPal’s net Total Payment Volume for 2010, the total value of transactions, was nearly $92 billion.

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Wells Fargo Completes Conversion of Wachovia in 363 FL Banks

Wachovia banking locations across north and central Florida and the greater Tampa area officially became Wells Fargo stores in the latest phase of the largest bank merger in U.S. history. More than 4.6 million Florida customers can now take advantage of 363 Wells Fargo stores and more than 500 ATMs across that part of the state. Wachovia banking locations in the southern half of Florida will transition to Wells Fargo stores in July, and other eastern states will follow throughout 2011. Meanwhile, the Wells Fargo “ExpressSend” distribution includes over 27,000 remittance payout locations with 26 remittance network companies located in 15 countries.

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ROAM Data Introduces Cloud-Based Mobile Wallet and Checkout API

ROAM Data mCommerce released its “ROAMwallet API” “1-Tap” mobile checkout solution that turns the mobile marketing channel into a mobile sales channel. ROAMwallet enables consumers to quickly and securely purchase products using their own mobile device. It is both a patent pending mobile checkout API designed especially for embedding secure commerce in mobile apps or ads, and a consumer mobile wallet that securely stores payment options, receipts and other data, for consumers to conveniently buy from ROAMwallet-enabled merchants using 1-Tap technology. ROAM also will make available ROAMoffers turn-key solution, integrated with ROAMwallet.

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Fiserv and Dollar Bank Expand Lending Partnership

Fiserv financial services technology solutions and Dollar Bank have expanded its partnership and consolidated all of its consumer loans onto the Fiserv “LoanServ” platform, which Dollar Bank has been using to service its mortgage loans since 2007. Dollar Bank has also begun using the LoanServ functionality that gives many of the bank’s new and existing HELOC customers credit card access to their line of credit. Traditionally, home equity lines have been managed on credit card or consumer loan systems. Because the lines are secured by real estate, they required either mortgage-specific support that was performed manually, or by another system entirely. LoanServ is a single-platform, real-time solution that combines mortgage loans, consumer loans, indirect financing, home equity loans and lines-of-credit and distressed-loan functionality into one core system, creating efficiencies and convenience for financial institutions.

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Monster Offers Payment Solution Partners with Iconosys

Monster Offers mobile banking solutions company and Daily Deal aggregator, has entered into an agreement with Iconosys, a leader in mobile communication application design and related products and services, to integrate the Monster Offers one-click mobile payment solutions with more than 500 popular mobile phone applications like DealBuzzer, DriveReply, Trick or Tracker, and Tell My Geo. Through its collaboration with Iconosys, Monster Offers will be able to offer its mobile payment solutions through the current and future Iconosys distribution network of mobile phone application users.

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Propell to Integrate Moggle Payment System to Online Service

Moggle online payment processing for secure transactions between the youth market and online merchants, announced Propell Corporation has agreed to implement the “Virtual Piggy” payment platform as part of its “instant ecommerce” system for K-12 schools. Propell provides online shops and order fulfillment for thousands of K-12 schools, universities, businesses, nonprofits and the U.S. military nationwide and manufactures product on-demand for each shop, so there is no inventory or risk for the partner.

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SafetyPay Selected By BorderJump as Preferred Payment Solution

SafetyPay, a secure payment facilitator benefiting online shoppers, merchants and banks worldwide, announces its partnership with Tenn.-based BorderJump. BorderJump eliminates the complexities of cross border ecommerce through an integrated platform handling duty calculation, shipping & logistics, international payments and marketing. SafetyPay has been selected as a preferred payment solution by BorderJump to accommodate the local currency and payment preferences of international buyers. BorderJump manages all aspects of an order from tracking, customs, payment and returns. SafetyPay enables merchants working with BorderJump to offer their international customers a way to securely pay through their local bank and currency.

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OKI Enhances Features on Cash-Recycling ATM

OKI announced it will quadruple the number of banknote denominations that can be handled by “ATM-Recycler G7”, enhancing its currency exchange and public utility payment functions and services. The enhanced “ATM-Recycler G7” is now available as efforts to expand product sales will primarily target rapidly growing emerging markets. The enhanced version of the “ATM-Recycler G7” adds coin withdrawals, contactless IC card reader/ writer, and barcode reading functions. In addition to banknote deposits and withdrawals, it provides services such as exchange between multiple currencies and payments for public utilities invoices, including payment services for users who do not have bank accounts. This versatility allows use of one unit across multiple countries, making it ideal for financial institutions planning wider deployments.

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