Wescom Resources Group partners PayPal

Wescom Resources Group (WRG) technology solutions for credit unions has formed a partnership agreement with PayPal to offer Person-2-Person (P2P) payment services to credit unions. For the initial offer, WRG has integrated the PayPal Send Money for Financial Institutions service into its “MemberEdge” Mobile Banking solution. The “MemberEdge” Mobile Banking is used by a growing list of credit unions. Future Wescom P2P offers will include PayPal Send Money incorporated into Online Banking and Bill Pay.

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Bill.com Improves m-bill pay

Bill.com integrated bill payment, online invoicing and cash management solutions for small- and medium-sized businesses (SMBs) and accounting/bookkeeping firms, expanded its mobile offering with the introduction of powerful new accounts receivable and collaboration features. Bill.com Mobile improves on cumbersome financial management processes, and makes them accessible on any smartphone, anytime and anywhere. Geared specifically for SMBs and accountants who are looking to free themselves from antiquated paper-based accounting systems, Bill.com “Mobile” allows users to view a dashboard of open and overdue invoices; viewing a list of received electronic payments; iew images of customer invoices; send/email invoices and payment reminders to customers from mobile devices; and schedule payments and adjust dollar amounts to optimize cash flow.

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ClearChoice Implements Ariba Services

Ariba collaborative business commerce solutions announced ClearChoice Careers online recruitment and advertising consultancy implemented its services. The company joined the Ariba global supply network along with the more than 500,000 companies of all sizes across industries and geographies to more efficiently and effectively buy, sell and manage their cash. The Ariba Network has allowed ClearChoice Careers to raise its profile using Ariba “Discovery” next-generation business matching service. Helping buyers and sellers connect and collaborate, ClearChoice Careers can identify and land new business opportunities with many of them.

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AmEx Chairman/CEO to Participate in Sanford Bernstein Conference

American Express Chairman and Chief Executive Officer is set to participate in the Sanford Bernstein 27th Annual Strategic Decisions Conference in New York on June 1. For this, a live audio webcast will be made available to the general public through the American Express Investor Relations website at http://ir.americanexpress.com (http://ir.americanexpress.com/). Full Story American Express Chairman…

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Intuit to Participate at BofA Technology Conference

The director of investor relations at Intuit, will present at the Bank of America Merrill Lynch Technology Conference in New York on June 2. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

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Fiserv Announces New Share Repurchase Authorization

Fiserv financial services technology has been authorized by its Board of Directors to repurchase up to 7.5 million shares of the company’s common stock, or approximately 5 percent of its outstanding shares. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors.

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Cielo processing acquires Braspag e-payment

CIELO S.A. merchant acquirer and payment processor acquired 100% of the quotas representing the capital stock of Braspag – Tecnologia em Pagamento through a subsidiary. Braspag specializes in innovation, the development of online payment solutions and payment processing for e-commerce with a market share of approximately 65% in its segment. Operating as a gateway, Braspag’s platform integrates online stores, financial institution sand acquirers, and is responsible for capturing, routing and managing payment transactions with cards, collection slip sand online debit. Cielo will expand its product portfolio with a more comprehensive offering providing financial reconciliation and anti-fraud intelligence tools, further strengthening the relationship with its clients.

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ValidSoft Announces Progress on Privacy, Security to Shareholders

ValidSoft CEO Patrick Carroll has announced a range of new activities and cited several competitive advantages for ValidSoft during a recent conference call for shareholders of its parent company, Elephant Talk Communications. Carroll announced ValidSoft fraud detection, fraud prevention, authentication and transaction verification solutions, is working with a European governmental agency to improve the unemployment benefits systems through recipient Self-Certification. This project is using ValidSoft’s unique four-factor authentication model that uses voice biometrics, with an automated dialer to authenticate the identity of each individual. The self-certification approach generates significant cost savings and efficiencies to the government agency and also helps identify potential fraud in the system.

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United National Bank & FIS inks debit card deal

Fis banking and payments technology has signed a multi-year deal with United National Bank (UNB) for issuing and processing debit cards. This lets UNB to expand its service offering by providing a debit card facility to its customers for the first time. FIS Card Processing Services supports debit, credit and prepaid card-based transactions, providing the necessary messaging and integration with payments industry compliance schemes. Based on flexible technology, FIS Card Processing Services are built on modern, open architecture to ensure long-term scalability, availability and performance and support many of Europe’s leading card issuers and acquirers.

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NatWest adds remittance & geolocation to iPhone app

NatWest updated its banking app allowing customers to transfer money using their mobile phones. Extra features for the app allow users to view all their online accounts on their mobile phone and find ATM’s and branches based on their current location. The new and improved app is also smarter and simpler for customers to use, and still them check balances, view transactions and set text alerts.

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Alipay Obtains e-payments license

The Alipay system affiliated with Jack Ma’s Alibaba Group has received a license from China’s central bank to operate an electronic payment system in the country, allowing it to handle foreign exchange transactions, Internet payments, mobile payments and debit card services. The Alibaba Group restructured Alipay’s ownership structure, giving Ma full ownership control of the payment business, while Yahoo-43% owners in Alibaba-says the transaction flew under their radar.

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The Share Centre Deploys LogRhythm for PCI-DSS

LogRhythm announced The Share Centre retail stockbrokers has deployed its integrated log management and Security Information and Event Management (SIEM) solution in full compliance with the PCI DSS. The Share Centre is also using “LogRhythm” to help implement security best practices and optimise IT operations. The Share Centre previously used an alternative solution to collect log data, however the company was keen to upgrade its infrastructure to ensure it met PCI compliance regulations.

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