Home Loan Investment Bank Expands Fiserv Utility

Home Loan Investment Bank, a Fiserv client since 2004, is now using “LoanServ” from Fiserv to support its mortgage loan servicing operation thanks to its workflow capabilities, real-time functionality, the ability to fully integrate with account processing solutions from Fiserv. The “LoanServ” platform will ultimately give the bank the ability to manage its investor activities without having to wait for overnight data updates. This functionality will give the bank and its investors the ability to access data about portfolio position any time and immediately see the impact of every borrower transaction.

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NovoPayment Awarded for CEO & News Product

Miami-based NovoPayment, Latin America’s premier prepaid program manager and service provider, and its subsidiary Servitebca Mexico were honored at the 5th Annual Paybefore Awards in Orlando on Monday, taking Best in Category for their Plata Promociones program as well as the 2011 Industry Achievement Award for its CEO. Plata Promociones won in the category Best Corporate-Funded Prepaid Incentive, Reward, Rebate or Loyalty Program for its significant contribution to the success and progress of the prepaid industry during the past year or over many years. The “Plata Promociones” MasterCard help marketers of consumer and electronic goods execute contests, sweepstakes and other promotional initiatives in Latin America, using branded prepaid cards.

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RDM Appoints New President and CEO

Randy Fowlie as President and CEO for RDM Corporation software and hardware products for electronic payment processing. Randy Fowlie joined the Board of RDM Corporation in September, 2010 and was then appointed interim CEO in early December. Previously, Mr. Fowlie operated a consulting practice since 2006 and was Vice President and General Manager, Digital Media, of Harris Corporation. From 1998 to 2005 he served as Chief Operating Officer and Chief Financial Officer of Inscriber Technology Corporation, a software company acquired by Leitch in 2005. Previously Mr. Fowlie was a partner with KPMG LLP, Chartered Accountants. Randy holds a a B.B.A. (Honours) from Wilfrid Laurier University and is a Chartered Accountant.

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ASCC Deploys Datacard Card Personalization

The Asia Smart Cards Centre (ASCC) has deployed the Datacard “MPR5800” card personalization and production system. Having personalized more than 30 million cards over the last 10 years for Malaysia’s financial institutions, ASCC provides smart card personalization for Malaysia’s Payment Multipurpose Card (PMPC). The Company deployed “MPR5800” personalization solution to fulfill the growing demands of future requirements. The system is designed to personalize up to 6,000 financial cards per hour. For bureaus producing high volumes of GSM cards, the MPR5800 system enables the personalization of SIM cards at a low cost-per-card.

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Conference Board Economic Index up 1.3%

The Conference Board Leading Economic Index (LEI) for Korea was up 1.3% in January to 121.8 (2004 = 100), following a 1.2% increase in December, and a 0.9 percent increase in November. The Conference Board Coincident Economic Index (CEI) for Korea coincidentally increased 0.3% in January to 115.4 (2004 = 100), following a 0.7% increase in December and a 0.8% increase in November. The Conference Board LEI for Korea has resumed its upward trend, after declining slightly in the middle of last year. In addition, its six-month growth rate has rebounded sharply.

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nuBridges Presents on Benefits of Tokenization

nuBridges VP, Product Management is set to present to the British Retail Consortium’s UK PCI Merchants’ Working Group how tokenization benefits merchants that want to reduce the risk of credit card data theft while complying with PCI DSS. He will provide an update on the PCI Security Standards Council’s (PCI SSC) view of tokenization for PCI DSS scope reduction and compliance and the Council’s next steps, lowering the initial cost, using real-life customer use cases to illustrate benefits.

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Consumer COFs Drop 1.75% Since 3Q/09

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Since credit-card charge-offs peaked at a record high of 4.92% in 3Q/09, it has dropped to 3.38% in 4Q/10. Canadians are much better at paying off their card debt than cardholders in the U.S. and the U.K., cutting 32.8% of their card balances every month, while Americans and the British both…

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Credit Card Purchase Volume Up on Debit First Time in 2 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumer credit card spending was down 6.4% by $4.25 billion to $795.5 billion in January after December, which saw an increase for the first time in 27 months to $799.7 billion. But, according to First Data’s “SpendTrend” analysis, credit dollar volume (CDV) growth in February was higher than signature or PIN…

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American Express & foursquare Debut Pilot for Cardmembers

American Express and foursquare are debuting their pilot program at South by Southwest Interactive (SXSWi) in Austin, Texas. The pilot will feature American Express’ new Smart Offer APIs and enable SXSWi attendees cardmembers to link their American Express Card accounts to their foursquare profiles from March 11th – 15th. Following the pilot at SXSWi the companies will be planning the official roll-out of the functionality in the months ahead. Throughout SXSWi, American Express Cardmembers in Austin will be able to register on-site or visit www.amexnetwork.com/foursquare to link their American Express Card and foursquare accounts to take advantage of the “Unlock a Badge and Support Grounded in Music” and “Spend $5, Get $5 Automatically” reward programs.

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Capital One to Reward Up To One Billion Miles

Capital One Financial has launched its “Match My Miles Challenge” promotion, giving consumers who open a Capital One Venture Card the opportunity to match up to 100,000 miles they currently have in an airline credit card rewards program, for which the Company plans to match up to one billion miles. Match My Miles is being promoted via an integrated marketing campaign including a national television advertisement featuring Alec Baldwin. In the 30-second ad, which premiers tonight at 10:30 PM EST on Capital One’s Facebook page, he encourages consumers to sign up and take the “Match My Miles Challenge.” To receive the miles match, a new cardholder must register and provide proof of their current airline credit card miles and then spend $1,000 on their Venture Card during the first three months.

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MoneyGram Fraud Prevention Saves Billions in Fraud Loss

MoneyGram International’s tailored software system to combat fraud is proving effective over the past year. Monitoring send transactions and identifying transfers that could involve fraud, the software allows MoneyGram to intervene and prevent its customers from losing money to fraudsters. Since its introduction in May 2010, it has prevented thousands of fraudulent transactions and saving its customers about $22.5 million. This is made abundantly clear with consumer complaints of fraud in January 2011 compared to January 2010 having dropped 72%, with the most significant reductions in Canada, Nigeria, the United States, and the United Kingdom. Meanwhile, for the first two months of 2011 alone, MoneyGram identified and interrupted 2,200 transactions suspected of fraud, saving its customers from losing more than $7 million.

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