BPC to Install Card Issuing for EFX

BPC Banking Technologies Open System e-payment solutions is set to install a complete card issuing and merchant management solution for debit and proprietary cards for the EFX Corporation. EFX Corp third party processor has offices in Clearwater and Davie, FL; Atlanta, GA; and Philadelphia, PA. As part of the company’s ambitious expansion plans, it wished to enter the card issuing processor market, supporting Proprietary and Pre-paid cards on a new “in-house” system. BPC is Open Systems e-payment solutions for the global financial industry provides SmartVista integrated solution for transaction processing and card management.

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FNDS3000 Prepaid Load Volume Up 140% Q/Q

Having closed 2Q/10 with approximately 23,700 prepaid cards issued and activated, FL-based FNDS3000 Corp international prepaid processing company is seeing positive emerging trends in the volume of cash loaded onto its prepaid payment processing system by its customers. Up nearly 56% over the 15,200 cards issued and activated in the previous quarter, the number of cards being issued and activated on a subsequent quarterly basis is also on the up. Additionally, the volume of cash loaded onto its system was up 140% quarter-over-quarter. FNDS3000 is focused on building and servicing a growing customer base of South African companies for which it actively manages prepaid payroll card and prepaid microfinance card programs on its proprietary processing platform.

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Verifone Supports RFinity Merchant Acceptance

RFinity has introduced its POS capability to support its mobile payment and traditional credit card transactions on the VeriFone “PAYware Connect Gateway” and the VeriFone “VX” line of payment solutions. VeriFone will certify the RFinity application for use on the “VX” platform, which has successfully concluded a pilot program using the VeriFone “MX 800 Series” at Brigham Young University-Idaho (BYU-I), where students and employees continue to use the technology for purchases and has expanded to include residents, local merchants and a community bank as well. RFinity technology attaches a one-time-use encrypted code to each transaction, activated by consumers tapping their phone and entering a personal authorization code, which is protected and the RFinity technology may be deactivated remotely in the event of theft or loss.

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Hypercom’s L5300 and L5400 Achieve PCI Approval

The Hypercom “L5300” and “L5400” multilane payment terminals are now PCI approved. The “L5000” represents the industry’s most comprehensive line of high performance, multilane terminals that will connect to any POS register system via numerous communications formats. Features include an integrated ADA compliant keyboard, a side-lit keypad, Braille characters and a headphone jack to assist the visually disabled. It also features a full VGA color display and hardened glass capacitive touch screen providing the industry’s brightest and most legible interface for interactive multimedia advertising and a cradled, cordless Wi-Fi or Bluetooth(R) hand-over device that lets clerks at jewelry, cosmetic and other high value counters bring the payment device to the customer.

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Fiserv Renames Loan Servicing Platform

Fiserv financial services technology has renamed its “Loan Servicing Platform” “LoanServ.” The single-platform, real-time solution combines mortgage loans, consumer loans, indirect financing, home equity loans and lines-of-credit and distressed-loan functionality into one core system so that all of a borrower’s retail loan relationships can be supported on one platform, creating efficiencies and convenience for financial institutions. The “LoanServ” platform is designed to support any size or type of institution and can be deployed at a range of financial organizations, from entrepreneurial loan servicing operations to the largest financial institutions.

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XIPWIRE Launches mBill-Pay Program

XIPWIRE mpayment service and Campus Technologies have introduced a m-bill-pay program that will enable over 3,000 students living in Campus Apartments’ University City properties to pay their monthly ‘Phillynet’ invoice via text message. To pay their ‘Phillynet’ bill, a customer must first fund a XIPWIRE account by connecting it to a bank account, credit or debit card. Then text “xip phillynet ” to 56624. A text of “xip phillynet 100,” for example, would result in an instant $100 payment to Phillynet. XIPWIRE universal mobile payment service allows users to securely send and receive money using a simple text message.

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EPDIRECT

Earthport cross-border electronic payment services has made available its payments services through “epDirect” online interface. Allowing payments in more than 200 countries for a flat per-transaction fee, “epDirect” transactions are facilitated through Earthport’s “epClearing” infrastructure. It is designed to serve small-to-medium size businesses with cross-border transfers of lower value, for which other payments services are often not cost effective or suitable. Transfers via “epDirect” are funded directly from the client’s own bank account and validates beneficiary and bank data, maximizing straight-through processing (STP) rates while minimising enquiries and exceptions.

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BancVue and TSYS to Serve Community Banks

BancVue and TSYS outsourced payments have forged agreements stipulating BancVue will provide the TSYS electronic payment services to community banks. GA-based TSYS employs the latest equipment and systems to provide production output for its clients in a variety of programs, including credit, debit, commercial, private-label, prepaid and loyalty. BancVue offers products, marketing, and consulting solutions to nearly 700 community financial institutions nationwide, allowing them to compete against the megabanks and direct banks.

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Cap One Launches Financial-Health-Promoting Website

Capital One Bank has launched its “EndangeredSavers.com” interactive Web site for people seeking money-saving tips and strategies (www.endangeredsavers.com). Offering easy-to-use online tools that can be shared with their entire network of friends and family, “EndangeredSavers.com” encourages responsible savings with such features as the “Saver Quiz” to determine the users’ classification as a ‘High Roller,’ a ‘Cost Cruncher’ or a ‘Cash Coach’ based on their feelings and behaviors towards money in everyday life situations. Additionally, the site offers ‘Sound Advice’ from personal finance experts on topics ranging from saving for a first home to creative ideas for dating on a budget; “Vital $tats” providing statistics on American’s financial habits may surprise people; and “Endangered Savers” videos, challenging consumers to a series of money-related obstacles and trivia. As added incentive to keep saving, Capital One Bank is giving away prizes valued up to $5,000 to visitors of the Web site who enter the sweepstakes and to those who share the Saver Quiz, Sound Advice, Vital $tats or one of the videos with a friend.

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MasterCard & BlackBerry Launch P2P Remittance

MasterCard has introduced its “MoneySend” P2P remittance service for BlackBerry Smartphones. By securely combining the power of a mobile device with a banking relationship, “MoneySend” allows users in the U.S. to send or request money via their BlackBerry through participating banks and credit unions or when they create a virtual prepaid account through Bancorp Bank. Available for free download on BlackBerry App World (www.blackberry.com/appworld), the service allows users to link existing payment cards or bank checking accounts to the new virtual prepaid account and begin sending money via their BlackBerry Smartphone. Users can accept debit and credit card payments; send money to family members; pay for informal goods and services; request money from debtors; and manage their “MoneySend” transaction history from their BlackBerry.

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ViVOtech & DeviceFidelity Launch mContactless Payment

ViVOtech NFC m-payments, loyalty applications and contactless NFC readers has partnered with DeviceFidelity microSD based m-contactless solutions have partnered to make available contactless mobile payment, loyalty, transit, ticketing and coupon redemption on select smartphones. Designed for use on multiple Blackberry models and iPhone 3Gs, the joint solution allows ViVOtech’s mobile wallet software, OTA provisioning solution, and coupon issuance/redemption software to be deployed with DeviceFidelity’s NFC-enabled “In2Pay” microSD and “In2Pay Case” for iPhone technology. This allows consumers to plug the “In2Pay microSD” into their smartphones, download multiple credit and/or debit cards securely to their handsets, and use their phones to perform contactless transactions. Users can also request electronic coupons and discount offers, store them in their mobile wallets, and electronically redeem them at time of purchase.

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CMI Up to 53.3 After Falling For 3 Months

Keeping up with the constant fluctuation seen since December 2009, the latest “Credit Managers’ Index” was up for the month of August to 53.3, after having fallen 1.1 points to 53.0 in July. The “Index” showed a dramatic decline from the levels in April, since which point the “index” has been on a slide. Indicators did gain remarkably since the year ago figure of 48.1, struggling to reach the all-important 50 mark. The reduction in credit applications, however, indicates that there is less willingness to lend and that companies seeking credit are being put through more hoops than in the past. The number of additional disputes and delinquencies also suggests that some sectors of the economy are still struggling. NACM noted the credit system has not healed and it may be some time before there is a sense that the biggest issues are behind the economy. There are some shoes left to drop, most notably the commercial property sector.

AUG 09: 48.1
SEP 09: 49.8
OCT 09: 51.0
NOV 09: 52.3
DEC 09: 52.9
JAN 10: 55.1
FEB 10: 55.2
MAR 10: 55.7
APR 10: 56.5
MAY 10: 55.9
JUN 10: 54.1
JUL 10: 53.0
AUG 10: 53.3

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