2Checkout.com global online payment solutions has appointed Mark Bishopp VP, Strategic Development. Mark brings with him more than 20 years’ progressive international executive experience in strategic planning/alignment management, project management office establishment and critical program execution. He began his career with Price Waterhouse where he spent seven years before forming his own consulting company specializing in bridging the gap between business, operations and IT. His international client list is diverse in terms of size and industry servicing the likes of Avnet, Battelle, Citibank, JPMorganChase, The Limited and The Metropolitan Museum of Art, to name a few.Details
ME-based card cleaning technology provider KICTeam has released the
“Waffletechnology Smart Card Reader Cleaning Card”, designed to remove
these contaminants by gently cleaning these critical read/write
components. Dirt, oils and other contaminants are introduced into a card
reader every time a credit card is inserted. For
the read contacts to properly access the smart chip, it is critical that
these contaminants are regularly removed to help avoid card reader errors.
When the “Waffletechnology Smart Card Reader Cleaning Card” is used on a
regular maintenance schedule, it will help maintain uninterrupted card
reader service. This product offers an extremely low
cost benefit when compared to the cost of conventional cleaning and
First Data Corporation has appointed board member Joe Forehand as chairman and interim CEO. Most recently chairman and CEO of Accenture where he spent 34 years of his career, Forehand served as Accentureâs CEO from November 1999 through August 2004 and as Accentureâs chairman from 2001-2006. He is currently a senior advisor at KKR and prior to that served as chairman and CEO at Accenture from November 1999 through August 2004 and as chairman from 2001-2006. He led Accenture through a period of significant change and growth â including launching one of the largest global rebranding campaigns. In July 2001, Forehand led the company in its IPO, one of the largest in U.S. history. During Forehandâs term as CEO, Accenture grew from $9.6 billion in revenue and 66,000 employees to $13.7 billion in revenue and 103,000 employees.Details
Lilly Straith has been named director of sales for the Fiserv community banking and credit union markets for Revenue Enhancement Solutions. In this role, Straith will help community financial institution clients with strategic planning for deposit transformation and business growth, including Regulation E “opt in” optimization, new deposit products, and solutions to meet consumer liquidity needs. Bringing with her more than 28 years’ experience in the banking industry and 10 years in Revenue Enhancement Solutions consulting, Lilly most recently served as a portfolio manager for Revenue Enhancement Solutions working with banks and credit unions in the South and Northeast. Prior to that, she lead community banking and credit unions sales in the Revenue Enhancement Consulting group, working with national and state associations. This after having spent 14 years in management positions in retail banking and working as the national sales manager for global treasury management for a large regional bank.Details
MoneyGram International payment services has added Juan Agualimpia as SVP & CMO. In his new role, Agualimpia will oversee MoneyGramâs global branding and marketing strategy. Bringing with him nearly 20 years’ experience in marketing, brand management, customer relationship management and product development, Juan comes to MoneyGram after five years with Newell Rubbermaid, most recently as VP & GM for the Art & Coloring Global Business Unit. This after having served in senior-level marketing and management positions for global brand leaders such as Reckitt Benckiser, Abbott Laboratories, The Clorox Company and Warner-Lambert.Details
MoneyGram International global payment services and SUPERVALU U.S. grocery retailer have renewed multi-year agreement to extend their alliance to offer MoneyGram remittance at more than 1,000 grocery outlets in 28 states. SUPERVALU has become MoneyGram’s largest client, offering services at such corporate stores as Acme; Albertsons; bigg’s; Cub Foods; Farm Fresh; Hornbacherâs; Jewel-Osco; Lucky; Shaw’s/Star Market; Shopân Sav; and SHOPPERS. MoneyGram services at SUPERVALU brands include money transfers, ExpressPayment urgent bill payment and money orders. The MoneyGram global network is comprised of 190,000 agent locations in more than 190 countries and territories.Details
Bank of America has announced that beginning this
summer it will only authorize single debit card transactions at the
POS if a customer has enough money in their account at the time.
This change will help customers by reducing the likelihood they may
inadvertently overdraw their account, thus eliminating unexpected
overdraft fees on these transactions. The Bank
is reducing the likelihood cardholders will overdraw their accounts and
eliminate overdraft fees for greater control; is allowing customers to
link their checking account to a savings or other accounts through
Overdraft Protection or to simply take out cash at an ATM for greater
choice; and clearly spelling out for customers how these changes are
enhancing the control they have asked for while providing options that
allow them to choose the solution that best meets their needs.
MasterCard has granted Calypso Canada Transaction Network Services company and ABM processor EMV approval as part of Canada’s drive to switch to secure EMV and Chip-certified technology. With less than 12 months until the deadline set by the Interac Association passes, owners, operators and deployers of automatic banking machine (ABM) estates across Canada are now furiously ensuring they can meet the imposed mandates. These mandates require at least 50% of non-deposit-taking ABMs upgraded by the end of the year. The MasterCard EMV approval for Calypso Canada’s PCI DSS certified ABM processing environment is the latest in a series of investments made by Calypso Canada, after the Interac Association had certified its EMV Chip platform.Details
epay has partnered with Sony Computer Entertainment Europe (SCEE) to offer an end-to-end solution in handling its PlayStation Network (PSN) Cards across Australia. epay’s global network of approximately 237,000 retail locations and innovative payment solutions will help SCEE achieve its objective of enabling more consumers access to digital content available through PSN.
The PlayStation Network Cards are a simple way to add credit to a PSN wallet enabling access to an extensive library of content including: games, downloadable add-ons, movies and much more. Cards can be bought for cash at participating epay retailers where consumers receive a unique voucher code that can be redeemed online to purchase content for both PlayStation3 (PS3) and PSP(PlayStation Portable). The epay portfolio includes prepaid mobile top-up, prepaid debit cards, e-wallets, bill payment, gift cards, digital content, money transfer through its sister company RIA, lottery and transport payment solutions including road tolls and public transport. A full marketing and distribution service is available to support these products and services.
Visa Europe has launched the industry’s first guidance for data field encryption solutions by providing the minimum security practices needed to help support Payment Card Industry Data Security Standard (DSS) compliance. The best practices are based on the following basic security objectives; cardholder and authentication data should only be available at the points of encryption and decryption; encryption key management solutions should follow international and/or regional standards; key lengths and cryptographic algorithms should follow international and/or regional standards; devices used to perform cryptographic operations should be independently assessed to ensure they are protected against compromise; if cardholder data is needed after authorisation (for example when processing recurring payments, customer loyalty programmes or in fraud management), a transaction ID or token should be used instead of the data itself. The guidelines are based on best practices developed by Visa Europe that will help merchants and other stakeholders in the payments process to evaluate data field encryption solutions. These technologies can help secure card data when it is either being stored or moved and render it useless to fraudsters in the event of a data compromise.Details
Amongst consumers with a credit card, credit card debt increased 6%
nationally from January and is the highest it has been in 10 months. The
Midwest and Northeast regions showed the highest increases in credit
card debt with a 7% increase and Kansas City area consumers representing
the highest gain, increasing debt by 10% in February. Consumers in six
states increased their credit card debt by more than 10%, according to
Credit Karma’s February 2010 “U.S. Credit Score Climate Report.”
Consumer credit scores, however, in the Midwest and Northeast were up
one point in February, while the South remained the same and credit
scores in the West dropped one point, for a national average of 669.
Additional findings show consumers in Louisiana and Kentucky had the
biggest increases to their credit scores by five points in February to
644 and 649, respectively; consumers in the Chicago MSA had increased
their credit scores by three points, the most of any MSA tracked by
Credit Karma, to 683; Colorado consumers have the highest amount of
credit card debt with an average balance of $9,712 while the Denver MSA
consumers have an average of $9,896 in credit card debt.
STATE CREDIT CARD DEBT FEB VS. JAN
Idaho +14% $8,958
Mississippi +14% $7,294
Nebraska +12% $8,565
New Mexico +12% $8,241
Kentucky +10% $8,384
Missouri +10% $7,926
FEB AVG CONSUMER Had….
$8,280 Credit Card Debt
$52,431 Home Equity
$14,949 Auto Loan
$26,961 Student Loan
Hypercom Corporation has expanded portfolio of high security payment and digital transaction solutions validated in compliance with the EMV POS specification of Germany’s Central Credit Committee, the Zentraler Kreditausschuss (ZKA). With ZKA approval of the already-approved Artema Hybrid, now configured with cardholder-facing S10 PIN Pad, Hypercom strengthens its position as the leading provider of payment and digital transaction solutions to the German market. The latest approval follows ZKA certification in May 2009 for Hypercom’s “Optimum T4200” countertop terminals with options for ISDN, TCP/IP and GPRS connectivity, as well as the M4240 Bluetooth and M4230 GPRS mobile models, all with integrated smart card readers.Details