FIS Introduces Terminated Originator Database

FIS banking and payments technology launched its “Terminated Originator Database” designed for ACH Network Originating Depository Financial Institutions (ODFIs) to collaborate. Facilitating the convergence of ACH Originators and Third-party Senders terminated for cause, the “Terminated Originator Database” is designed for financial institutions to use as part of their risk management due diligence process and offered by FIS through a preferred provider partnership with NACHA epayments association. The “Terminated Originator Database” allows ODFIs to follow the recommendations included in the NACHA Board Policy Statement on Use of a Terminated Originator Database, effective March 1, 2011, in which the contribution to and use of a database is encouraged as part of the financial institution’s due diligence process. Financial institutions will have the ability to contribute to and search the database for Originators and Third-party Senders who have been terminated for cause by other financial institutions.

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Via Licensing Joins NFC Forum

Helping it advance predictable and market-appropriate licensing terms for essential NFC patents, Via Licensing has joined the Near Field Communication (NFC) Forum. Via Licensing Corporation has been providing patent licenses for NFC technology since 2007 and offers a joint license agreement covering patents from France Telecom, Inside Secure, Motorola, and NXP. By joining the NFC Forum, Via Licensing is increasing its commitment of supporting the rapid market deployment of NFC standards.

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Viewpointe Services Meet New NACHA Requirement

Viewpointe electronic content management and exchange services announced an extension of its member services. In its continued commitment to support all participants in the ACH network, Viewpointe Clearing, Settlement & Association Services (VPCS&AS) is introducing a targeted set of offerings tailored to the needs of third-party senders, including member benefits, customized ACH audits and a Third-Party Sender roundtable. VPCS&AS, a wholly-owned subsidiary of Viewpointe Archive Services, LLC, provides image exchange and settlement, payments solutions and ACH association services. Approved December 20, 2010, the scope of the annual rules compliance audit requirements were expanded to require third-party senders to conduct such audits to the extent that they perform any functions of an ODFI under the Rules. On March 18, 2011, the Rule went into effect, requiring third-party senders to complete an annual audit by December 1. Viewpointe’s existing ACH audit services are now available to third-party senders to help them comply with this new NACHA rule.

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Western Union Announces Expanded Exec Roles

Western Union’s Hikmet Ersek, appointed President and CEO in September, has announced executive role expansion on his board. With this, Stewart Stockdale has been named Executive VP and President with the Global Consumer Financial Services division; David Yates has been named executive VP and President Business Development and Innovation; and Diane Scott has been named executive VP and Chief Marketing Officer. Stockdale will be responsible for Western Union’s global regions and Agent network, the company’s global core consumer money transfer service and the consumer payments business. Yates, as EVP and President – Business Development and Innovation, is responsible for the design, development, implementation, roll-out and enhancement of new products and services, including Western Union Business Solutions, Account Based Money Transfer, westernunion.com, mobile money transfer and the company’s prepaid and stored value programs globally. Diane Scott is responsible for leading the strategic global marketing development for Western Union, including brand strategy, customer segmentation, customer experience, and market research/analytics. She also is responsible for corporate communications, corporate social responsibility and the Western Union Foundation.

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Misys completes SAS 70 examinations

Misys software and services has recently completed SAS 70 examinations for a variety of its hosted solutions. AICPA’s Statement on Auditing Standards No. 70 (SAS 70) Type II examinations were performed for Misys Confirmation Matching Service and Misys Opics Plus. Misys processes, procedures and controls were formally evaluated and tested by the independent accounting and auditing firm of Ernst & Young LLP. The examinations included assessing, and in the case of Type II also testing, controls related to logical access to systems, programs and data, change management; processing controls, environmental controls and physical security.

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Clear2Pay Releases ACH & Wire Payment Solution

Clear2Pay next generation payment solutions for financial institutions launched its “Unified Domestic Payments Americas” solution for the end to end integration of Wire and ACH payments. Allowing for the processing of both real time and batch transactions throughout the Americas on a single platform, the “Unified Domestic Payments Americas” will provide banks a consistent, reliable and re-useable platform to deliver services to its customers across multiple channels, whether processing single high value funds transfers or batches of thousands of transactions. The initial version of the product will support FedWire, CHIPS, FedACH and EPN in the United States, LVTS and ACSS in Canada and CCA in Chile.

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Fiserv Partners & Cardlytics Launch eBanking Rewards

Fiserv financial services technology solutions and Cardlytics transaction marketing have partnered to deliver merchant-funded rewards through Corillian Online integrated banking, payment and personal financial management solution. With this, Fiserv is providing financial institutions with the ability to integrate targeted reward offers into the daily banking experience, allowing customers to redeem rewards by clicking on an offer within their transaction history and then spending at the designated merchant using their financial institution-issued debit, credit or prepaid card. This gives cardholders an opportunity to save money and provides a reason to use both online banking and financial institution-issued cards. The Cardlytics’ transaction marketing platform enables financial institutions to present offers that are funded by local, regional and national merchants, and are personalized using an account holder’s actual spending patterns to ensure the offers are relevant to each recipient. Regions Bank is one of the first to offer targeted rewards to online banking customers supported by Fiserv and Cardlytics platform solutions.

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Barclays Buys MBNA Small Business Credit Card Folio

Barclays Bank has purchased MBNA Europe Bank Limited’s Small Business credit card portfolio. Consisting of approximately 60,000 accounts with approximately GBP130 million of outstanding balances as at 28 February 2011, this acquisition reinforces Barclays Global Retail Banking’s strategic ambition to achieve greater depth in its chosen markets and businesses. The portfolio will be integrated into its payment division, Barclaycard, which managed about GBP200 billion in payments for over 20 million consumers and over 240,000 business customers.

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Mako Networks Launches PCI DSS for Public Broadband

Mako Networks announces the world’s first PCI DSS Level 1 certified management service to improve data security for businesses across the world. Of the 12 key requirements of PCI DSS a significant percentage relate to technical details that a merchant trying to manage the day-to-day running of a business is unlikely to understand or have the time to manage. For this, Mako enforces data security on public broadband connections and saves retailers the worry about exposure to data theft relating to both payment and non-payment activity. It also provides merchants with a single pre-configured and remotely managed security system, which continually enforces compliance and replaces traditional modems, routers and firewalls. Merchants can continue using their existing broadband service and administer real-time maintenance of compliance issues.

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uniBank live with Temenos ARC Mobile

uniBank has become the first customer to golive with Temenos’ “ARC Mobile.” The multi-mobile channel solution was launched in May last year to help Temenos customers take advantage of the rapidly-growing market for mobile banking services; a market that is expected to reach USD 25bn by 20142. While the demand for mobile banking services is being driven predominantly by emerging markets, as a means chiefly for large unbanked populations to gain access to basic banking services, increasingly discerning and technology-savvy consumers in developed economies are also turning to this channel in greater numbers and for a greater range of services. The “ARC Mobile” will provide a platform for the bank to build significant market differentiation and competitive advantage.

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Global Payments Posts 3Q/11 Fiscals up 15% Y/Y

Payment processor Global Payments’ fiscal 3Q, having ended February 28, saw revenues up 15% to $456.4 million compared to $398.5 million in the prior fiscal year and diluted earnings per share up to $0.60 compared to $0.58 in the prior year. Although revenue is up from the prior quarter’s figure of $443.5 million- an 8% increase from the prior year, Global Payments’ earnings per share missed the mark in this time around, which analysts were projecting to hit 64 cents a share.

Net Income, meanwhile, was $54.1 million, up from the 51.5 million posted in the year ago quarter. This compares with net income the prior quarter, which fell 15% and saw a net income of $53.5 million for the three months ended Nov. 30, from $62.8 million in the prior-year 2/Q. With these figures, the company now expects a 2011 FY revenue of $1,800 million to $1,820 million, or 10% to 11% growth over fiscal 2010 which compares to the previous quarter’s range of $1,780 million to $1,820 million, or 8% to 10% growth over fiscal 2010. Earnings per share from continuing operations expectations are now $2.70 to $2.77, reflecting growth of 6% to 9% compared to previous quarter’s range of $2.66 to $2.77, or 5% to 9% growth(Cardflash Library, 2010/08/26, 2010/09/15, 2011/01/07).

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Zong mPayment Spending up 37% Y/Y, Industry to Boom

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Zong Payment Index (ZPI), which tracks the spending patterns of Zong’s global user base and is broken down by its top 40 markets, indicated average monthly spend per Zong user is up 37% in the last 12 months. This comes at a time the m-payment audience is projected move from…

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