TSYS has signed a multi-year strategic marketing alliance agreement with Alaska Option to provide VISA and MasterCard credit and signature debit card programs, PIN-based ATM/POS network services, and fraud management solutions for credit unions. This will offer payment card services on a very competitive basis that will enhance the cardholder experience and provide additional revenue opportunities to credit unions. It will also allow these institutions to reduce back office expenses through integrated settlement, dispute management and reconciliation processes. Credit unions may now select to work with one payment provider for all of their card program and electronic funds transfer (EFT) payment needs. Alaska Option enables financial institutions to utilize ATM driving services, accept a wide array of cards, a nationally recognized PIN debit POS program and the convenience of a single point of settlement for PIN-based transactions.Details
Money transfer service Western Union has launched “Return the Love”, a
national Mother’s Day Campaign designed to encourage consumers to give
mom the perfect gift. Western Union, Wyclef Jean and “Queen of Latin Pop”
Paulina Rubio, “Return the Love” with special performances and
appearances at the Billboard Latin Music Conference& Awards with a
concert honoring military moms. A recent Western Union consumer survey
found 42% find it hard to shop for the perfect gift for mom. The survey
also found 42% of moms have pretended to like a Mother’s Day gift; and
separately, 30% thought the gift was either “thoughtful” but not a gift
they wanted, or they did not receive a gift at all. Kick-off special
performance dedicated to moms featuring Wyclef Jean and Paulina Rubio at the
Billboard Latin Music Awards, on April 29, produced and broadcast live
Sunstone Circuits has added PayPal electronic payment service for their customers’ online purchasing needs. This new implementation of the PayPalâ¢ payment service is another example of Sunstoneâs continuous quest to be the easiest PCB company to do business with. Not only is Sunstone Circuits offering their customers a more effective and convenient way to purchase online, but by using PayPalâ¢, design engineers will have a chance to receive rewards and bonuses for participating in the new service. PayPalâ¢ often has promotions offering multiple incentives, when signing-up. Promotional initiatives like âNo Initiation Fees,â âCash-Back,â and âBuy-Now, Pay-Later,â have been offered to new customers in recent years. For existing PayPal customers, this new payment option is available now, at www.sunstone.com. For those that are new to the PayPalâ¢ service, Sunstone suggests they visit www.paypal.com to register for an account and create a profile.Details
TSYS has partnered with Serverside Group to launch TSYS “Card Shop” digital card fulfillment and marketing solution. Combining âon-demandâ manufacturing processes with industry-leading card management and customization capabilities, TSYS “Card Shop” enables client financial institutions to design and manufacture cards on-demand and removes the need to stock pre-manufactured cards in inventory. Through the online TSYS Card Shop interface, issuers of all sizes can launch stock and customized card programs within days rather than weeks. Serverside offers digital card design and innovative software solutions to issuers, personalization bureaus and card manufacturers. TSYS outsourced payment services offers issuer- and acquirer-processing technologies.Details
MoneyGram Internationa has returned to Croatia as Volksbank added MoneyGram’s services to 28 countrywide locations. The return to Croatia follows MoneyGram’s alliance with Volksbank in Serbia in 2008 and the opening of 33 MoneyGram-owned retail locations in Germany since 2006. Germany is home to more than 200,000 Croatians and more than 10 million migrants that regularly send funds to support family members and build personal savings. Since 2006, MoneyGram has steadily grown its owned money transfer retail locations in Germany to help migrant workers meet their financial needs.
In addition to its 190,000 traditional agent locations composed primarily of financial institutions, post offices and retail businesses, MoneyGram recently began mobile money transfer services.
Wright Express Corporation payment processing and information management posted 1Q/10 total revenue having increased 22% to $83.8 million from $68.5 million in 1Q/09. This was thanks in large part to total MasterCard purchase volume having grown 31% to $853 million, from $649 million for the first quarter of 2009. Adjusted net income for 1Q/10 increased 46% to $23.7 million from $16.3 million for the year-earlier period. For the first quarter of 2009, the Company reported an unrealized pre-tax, non-cash, mark-to-market loss of $6.5 million. Additional findings show total fuel transactions processed declined 2% from the first quarter of 2009 to 61.8 million; payment processing transactions were flat at 49.1 million, and transaction processing transactions decreased 9% to 12.7 million; total revenue for the fleet segment increased 19% from the first quarter of 2009 to $73.4 million; fleet payment processing revenue increased 27% from the first quarter of 2009 to $48.7 million; average expenditure per payment processing transaction increased 37% from the first quarter of 2009 to $55.80; and average retail fuel price increased 38% to $2.76 per gallon from $2.00 per gallon in the first quarter of 2009.Details
Wincor Nixdorf payment solutions has launched its enhanced PC/E Terminal Security multi-vendor ATM security software suite. Comprised of its PC/E Terminal Security Intrusion Protection and PC/E Terminal Security Access Protection solutions, the enhanced suite offers the highest level of security available for the ATM environment, can be deployed on any type of ATM in a multi-vendor environment, and supports financial institutions in achieving compliancy with international security standards and regulations. These regulations include the PCI standards and state data protection laws as currently in force in 46 states in the U.S. Wincor Nixdorfâs PC/E Terminal Security suite is designed to protect against known and unknown threats. It also provides streamlined security administration; predefined security policies for a multi-vendor environment; real-time monitoring and logging of attacks; protection against known and unknown attacks; customization of individual security policy parameters; and optional adaptation to existing administration system.Details
Chicago-based Cole Taylor Bank has elected to replace its current core
processing solution with FISâ Integrated Banking Services (IBS).Cole
Taylor Bank will deploy IBS, a client-centric core banking platform with
a broad offering of financial services solutions, throughout its banking
centers to meet the evolving business objectives of their organization.
As part of its extensive agreement, Cole Taylor Bank has selected an
extensive suite of additional solutions that include: bill payment,
electronic banking, customer relationship management, risk, fraud and
compliance, and commercial treasury. These solutions are fully
integrated with FISâ IBS core banking platform, providing Cole Taylor
Bank with an end-to-end solution that will support improved customer
service. IBS is a highly flexible and open core processing solution to
accommodate financial institutions that need to easily integrate diverse
technology with minimal risk and disruption to their business operations
and to their customers. It is industry recognized for its robust
functionality, scalability and strong integration capabilities and is
the leading outsourced retail and commercial banking solution among
mid-tier U.S. banks. Cole Taylor Bank is one of Chicagoâs largest
independent commercial banks with $4.4 billion in assets.
mopay mobile payment solutions and G4BOX interactive entertainment have partnered to offer an mpayment option for consumers looking to purchase ‘Z8 Points’ for G4BOX’s Z8Games platform (www.z8games.com). Z8Games online destination for gamers to play the very best online games, including online military shooter, Cross Fire and dynamic-action massively multiplayer online role-playing game (MMORPG), Metin2, as well as access engaging community features and events. Z8 Points enable users of Z8Games’ line of online games to purchase in-game content and digital goods. mopay will enable Z8Games’ players in 36 countries to purchase Z8 points by entering their mobile phone number and have the charges billed directly to their phone accounts.Details
Euronet Worldwide posted first quarter revenues of $250.0 million, compared to $233.7 million for 1Q/09, while operating income hit $18.2 million, compared to $9.7 million for the first quarter 2009. Adjusted operating income was $18.2 million, compared to $15.2 million for the first quarter 2009; adjusted EBITDA was $34.6 million, compared to $29.7 million for the first quarter 2009; and net income was $2.8 million, or $0.05 diluted earnings per share, compared to net loss of $12.3 million, or $0.24 diluted loss per share, for the first quarter 2009. For Euronet’s EFT Processing Segment alone, revenues hit $48.6 million, compared to $46.2 million for the first quarter 2009; operating income was $9.7 million, compared to $12.0 million for the first quarter 2009; adjusted operating income was $9.7 million, compared to $7.6 million for the first quarter 2009; adjusted EBITDA was $14.6 million, compared to $11.8 million for the first quarter 2009; and transactions hit 187.4 million, compared to 153.3 million for the first quarter 2009. For complete details on Euronet’s fourth quarter results visit CardData (www.carddata.com).
Marilyn Benson has been appointed Mocapay SVP, national sales to lead the Mocapay sales teams with mobile-enabled marketing, gift, loyalty, and coupon solutions to national merchants. Bringing with her over 25 years’ payment and loyalty industry experience, Benson was an executive VP at Citicorp Diners Club where she successfully tripled the acceptance network to 1.7 million merchants. During that period, she led her team to deliver travel partners participation in the Club Rewards loyalty program, resulting in winning the Freddie Award for âBest Card Programâ for nine consecutive years. Prior to that, she held senior management sales and marketing positions at American Express. Benson currently sits on the Board of Trustees for the National Restaurant Educational Foundation.Details
Retailer Debenhams has selected “nuBridges Protect” to secure customer credit card numbers and comply with the Payment Card Industry Data Security Standard (PCI DSS), without expanding its IT infrastructure. Debenhams is leveraging nuBridges’ award-winning nuBridges Protect data security solution to handle the encryption and tokenisation of credit card information collected at its 159 stores located throughout the UK and Ireland, as well as its online store. nuBridges Format Preserving Tokenisation(TM) data security solution enabled Debenhams to implement tokenisation across its heterogeneous IT infrastructure throughout its retail, order management and data warehouse systems, without costly programming modifications to applications and databases or requiring additional computing resources to hold encrypted cardholder information.
Tokenised credit card numbers expose only the first four digits of the card numbers, which limits the incidences where the full card number appears to authorised employees, solving a key data security issue. Because nuBridges tokens retain the size of the original credit card number, applications and business processes run without modification while adding an extra layer of security to cardholder information.