Mid-Atlantic Corporate Federal Credit Union and Bluepoint Solutions have partnered to assist credit unions with lower check volumes adopt Check 21-enabled branch capture. Bluepoint Solutions RDC and Item Capture solutions will offer its “ImagePoint” Branch capture platform for a monthly fee without significant set-up costs. Once scanned, check images will be electronically transported to Mid-Atlantic Corporate’s data center for additional processing and clearing. Mid-Atlantic Corporate and Bluepoint have also initiated a conversion program to help credit unions of any size replace first-generation, legacy branch capture and check processing solutions with Bluepoint’s modern ImagePoi nt Branch platform.Details
iStream Financial Services has partnered with ID Insight to offer identity fraud detection on its platform. With this, iStream will implement the “CompleteID” solution from ID Insight as an accurate method of verifying customer identities. The “CompleteID” solution offers remote deposit capture, ACH processing, direct deposit payment transactions, remittance and credit card processing, remotely created checks, integrations to pre-paid card processors and a risk monitoring solution. ID Insight, the innovator in Access-Point Intelligence, combines its massive collection of data on people and access points with cutting-edge analytics and a patented method of helping companies research new markets, prevent fraud, reduce costs and capture more business.Details
Tyfone mobile financial services solutions has deployed its iPhone sleeve powered by Dexim, which also designed and produced it. It uses Tyfone’s “SideTap” MicroSD technology to allow existing iPhone users to make mobile contactless payments directly from their phones for a true electronic wallet. Also providing protection for the iPhone, the sleeve has a slot to house the Tyfone SideTap MicroSD card, the world’s first secure memory card integrated with contactless payments technology. A simple tap against a contactless point-of-sale terminal completes the transaction. Tyfone’s technology leaves the memory card functionality completely intact, allowing people to increase the available storage of their iPhones for saving any kind of digital information.Details
DynamicOps private cloud automation software has closed $11 million in venture funding led by Sierra Ventures. Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its executive team, and Mark Fernandes to its board of directors. With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions. As Chief Marketing Officer, Les Yetton is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications and brings with him over 25 years’ experience leading and building companies in emerging, high-growth markets. Paul Silver brings more than 25 years of experience in expanding high-tech businesses to international markets to the newly created role of VP of Sales, Europe at DynamicOps. Mark Fernandes joins DynamicOps’ board of directors and is focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies and Net6.Details
Netbiscuits cloud software service for cross-platform development publishing and monetized mobile sites and apps on its “Mobile Web Metrics Report”. Offering up-to-date information on the HTML5 capabilities of top devices in the USA, the UK, Germany, Malaysia and Australia. In addition, the report contains data on the market share of relevant smartphone operating systems on a global, regional and per-market basis and sheds some light on the ratio between dominating versus Long Tail devices on all levels. The information is based on metrics generated from over 4.5 billion mobile pages requests processed by Netbiscuits’ mobile publishing platform every month.Details
PacketMotion User Activity Management (UAM) solutions is deploying its “PacketSentry” UAM solution to address Health Insurance Portability and Accountability Act (HIPAA) compliance regulations. PacketMotion’s “PacketSentry secures PHI and healthcare organizations improve their compliance efforts around important regulations in the healthcare industry, including HIPAA, the HITECH Act, PCI DSS, SOX, and state disclosure laws. With advanced HIPAA reporting capabilities that cut audit report preparation from a week to a matter of hours, PacketSentry delivers a comprehensive solution for healthcare compliance that spans all major databases and platforms, including legacy applications that lack proper audit controls.Details
The Commonwealth Bank has released its NetBank mobile banking app for Android smartphones to customers. After originally introducing a mobile banking platform two years ago, the application is now on the Android platform allowing users to customize screen sizes, resolution and processing times. The popularity of NetBank mobile banking has grown significantly since the iPhone mobile banking launch, the Commonwealth Bank executive general manager for direct channels.Details
On Track Innovations contactless smart card solutions has received an additional order for 100,000 MediSmart healthcare biometric ID cards for use by Kenyan-based Smart Applications International (SMART) healthcare solutions. To date, some 200,000 MediSmart cards have already been issued by SMART and more than 2,000 contactless smart card readers and other device points of service have been deployed at hospitals, pharmacies and general practitioner sites across Kenya. MediSmart, developed by a team of healthcare industry experts at OTI with system process design support by SMART, provides complete medical history, biometric identification (photo and fingerprints) and co-payment options.Details
Baloise Group insurance companies is set to replace 40 of its Baloise Bank SoBa ATMs with Diebold machines to run on “Agilis” software. Deployed as part of the agreement is the “Opteva” 562 and 522 models, and the 760 and 720 advanced-function ATMs equipped with the enhanced note acceptor (ENA), enabling cash deposit functionality. The ENA enables the deposit of up to 50 mixed-denomination notes in an easy, envelope-free transaction that authenticates and validates deposits, quickly and accurately. The “Opteva” ATMs provide a level of service closer to a branch experience by enabling additional functionality, including deposit automation, advertising and other advanced banking transactions.Details
The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.5% in January to 107.5 after a 0.7% increase in December and a 0.7% increase in November. The CEI for the Euro Area, which measures current economic activity, remained unchanged in January at 102.6 (2004 = 100) following an increase of 0.1% in November. The eight components of The Conference Board Leading Economic Index® for the Euro Area include Economic Sentiment Index (source: European Commission DG-ECFIN) Index of Residential Building Permits Granted; Index of Capital Goods New Orders; EURO STOXX Index; Money Supply (M2); Interest Rate Spread; Eurozone Manufacturing Purchasing Managers’ Index; and Eurozone Service Sector Future Business Activity Expectations Index.Details
VeriFone will supply its “PAYware Merchant” card payment and settlement hosted service to Arcos Dorados McDonald’s brand across Latin America. Initially with 220 McDonald’s restaurants in Argentina and Uruguay, the “PAYware Merchant” will be integrated with a proprietary POS system to accommodate card payment processing at the point of sale. Arcos Dorados has also contracted to lease VeriFone card acceptance systems and will offer individual restaurants either the VX 810 PINpad or MX 870 multimedia payment system. This will allow customers to swipe their cards on a VeriFone acceptance device connected to a cash register. The cash register POS then passes the transaction to PAYware Merchant, which handles payment processing authorization and settlement between the acquirer and the restaurant system.Details
Canada saw a 10% increase in spending by international
travelers using their Visa cards in 2010. The tourism industry in Canada saw a 10% spending
increase from $5.8 billion in 2009 to $6.4 billion in 2010, thanks in part of course to the
Olympic and Paralympic Games in February and March.
Travelers spent $3.1 billion on general retail purchases, which represented 48% of all Visa transactions by
international travellers in Canada during 2010. Other major merchant
segments included lodging ($932 million), restaurants ($463 million) and
other travel and entertainment ($242 million).
With this, U.S.
travellers spent $3.5 billion within the country, those from the United Kingdom spent $359M; France $316M; China $229M;
Australia $167M; Japan $138M; South Korea $134M; Brazil $117M; Germany $112M; and Hong Kong $106M.