TRAVELEX & POSTILION

Travelex foreign exchange has implemented Postilion’s currency exchange
processing services at its ATMs. With this development, the foreign
exchange
process will be made easier without subjugation to variable exchange rates.
Furthermore, the solution implements dynamic currency conversion (DCC)
allowing Travelex to set the exchange rate for withdrawals providing for
customer transparency on fees. The foreign exchange provider already has
DCC functioning with over 50 of its ATMs and is planning on significant
expansion before 2009. Travelex has nearly 700 retail branches, mostly in
airport and high-tourist locations, providing outsourced travel money
services
while Postilion, an S1 Corporation division, provides self-service
banking and
payment processing solutions to consumers in over 50 countries. S1
Corporation
employs over 1,400 worldwide and has over 3,000 customers in various
market segments.

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NCR Introduces the APTRA Promote 3.0

NCR Corporation announced the latest enrichment to its popular “APTRA Promote” campaign management software platform for the ATM and self-service channel. The new “APTRA Promote 3.0” delivers enhanced functionality and usability of the manager tool, while adding additional couponing and campaign functions. Up to eight different coupon campaigns can now be offered to consumers at the ATM, including the choice of “no coupon.” Because coupons are printed directly from the receipt printer, FIs have complete flexibility to change campaigns at their convenience.

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BMO/G&D & PAYPASS

The Bank of Montreal(BMO) and Giesecke & Devrient (G&D) have partnered to provide the Mastercard “PayPass” contactless solution throughout Canada. The contactless bankcards are projected for significant expansion throughout the country, by the end of 2007, transactions can be conducted securely with PayPass
technology. Furthermore, with this agreement, the BMO acceptance network
will process transactions conducted with the PayPass Technology over the G&D
contactless terminals. When transactions are conducted under this
newly-implemented
system, no signature or PIN is required and the customer is never
required to relinquish
card possession. Statistics supporting this agreement reflect that as
of 3Q07, over 19
million BMO customers use MasterCard PayPass cards and 40% of all
transactions
are conducted using plastic.

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Manhattan DA Indicts Western Express Group

The Manhattan District Attorney has indicted seventeen individuals and one corporation on charges related to global trafficking in stolen credit card numbers, cybercrime, and identity theft. The corporation is Western Express International, formerly headquartered in mid-town Manhattan. The 173-count indictment charges that from 2001 through 2007, the defendants participated in a multi-national, internet-based criminal enterprise dedicated to trafficking in stolen credit card numbers and other personal identifiers. The group realized millions in illicit profits from the sale and fraudulent use of this personal data, with some members of the enterprise laundering these profits in a variety of high-tech ways. The indictment says the group created and participated in a computerized marketplace for the global trafficking, enabling the defendants to conduct anonymous transactions, via the Internet and by other means, using sophisticated payment schemes.

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ASK/STIP & MOBIB

The STIB Belgian urban public transportation has partnered with ASK for
the introduction of MoBIB Teleticketing to provide multi-modal traveling in
multiple European urban centers. ASK “C.ticket” contactless paper ticket
also provides for self service bikes rental, transportation, museum and car
park service within the city and suburbs of Brussels, Paris, London, Porto
and Funchal. MoBIB is designed to be reloaded and to provide mass transit
convenience with a single card. ASK supplies contactless cards, tickets,
RFID tags, ePassport inlays and readers for mass transit, access control,
banking, e-Identity and supply chain markets with over 100 million
contactless products currently in use.

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AT&T Mobile Banking Platform Expands

AT&T has launched a mobile banking platform that will enable consumers to view account balances and history, transfer funds and pay bills from their AT&T mobile handsets. The mobile banking application will be pre-loaded on future AT&T handsets beginning later this year. The mobile banking application is also available for download on more than 30 of AT&Tâ™s most popular handsets. Customers sign up at their financial institutionâ™s online banking Web site and are issued a one-time initialization code. After accessing mobile banking on the AT&T handset, customers use the code to link their account to the mobile application on their device. Customers then create their own PIN. BancorpSouth was the first U.S. bank to go live with mobile banking on AT&T handsets earlier this year. AT&T, Firethorn and CheckFree have teamed to provide the mobile banking solution to customers of Wachovia and SunTrust.

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Hypercom Ranked #42 on 2007 FinTech 100

Hypercom Corporation has been named one of the top 50 companies in the just published 2007 FinTech 100 annual ranking of top technology providers to the worldwide financial services industry. Hypercom ranks #42 and is the only provider of card payment terminal solutions and services to be recognized for four consecutive years. The ranking is complied by American Banker and Financial Insights, an IDC Company, a global independent advisory firm. The ranking is based on overall revenues as well as revenues from financial companies, enabling financial institutions to evaluate technology vendors both on their commitment to and penetration of the market.

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RBS & SEEWHY

Retail Business Solutions (RBS) has deployed SeeWhy’s fraud solution
for implementation with its “Retail-J EPOS” to prevent loss to fraud in
retail.
The loss prevention service can be implemented immediately and provides
real time alerts for credit card fraud, refund and till abuse. The latter is
an issue of growing concern citing research that shows US businesses lost
nearly half of all retail fraud to employee theft, accounting for $19.5
billion
in 2006. SeeWhy is going to be working with EEL Consulting for
implementation of the solution, which is being offered to retailers in
custom-
made varieties to fit individual business models. SeeWhy combines profiling
and “Event Stream Processing” technology for closed loop intelligence
applications while EEL Consulting specializes in loss prevention,
security and
risk management.

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VeriFone Intros QX120 & Teams with Opera

VeriFone has rolled-out a contactless payment solution that supports all major contactless payment schemes, including those initiated from mobile phones using the “NFC” standard. The “QX120” can be connected to a stand alone payment device or integrated POS system. It features a 32-bit microprocessor and a high-contrast white backlit LCD that displays the transaction amount and other messages to consumers. VeriFone also announced a partnership with Norway’s Opera Software to develop a payment-enabled version of the “Opera” Web browser. The browser will operate on VeriFone’s “MX800 Series” of consumer-facing systems designed for multi-lane retailers, specialty stores, and POS environments. The integration of “Opera” Web technology with VeriFone’s “MX800” platform will create rich media user experiences.

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TOSHIBA & GLOBALPLATFORM

The Toshiba Corporation has upgraded its GlobalPlatform membership to
“Full Member” status. With this development, Toshiba Corporation will
contribute more to the platform through its participation in all three
GlobalPlatform technical committees. The committees include “the Card”,
“Device” and “Systems” Committees. Furthermore, Toshiba will be
contributing to the platform’s Advisory Council, a forum highlighting
market
trends, will be given increased voting rights for the body and is able to
nominate representatives for the Board of Directors. Toshiba is the 9th
largest manufacturer of electronic products while GlobalPlatform is a
member-driven platform focal on smart card infrastructure development
and is represented around the world.

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Acquirers and ISOs List Their Priorities

A new report has found that 55% of acquirers and ISOs currently rank merchant acquisition as the leading priority, while 64% rank merchant retention as a secondary priority. The research from Aite Group also found that 36% of the acquirers and ISOs ranked developing and deploying new solutions as their third-highest priority. Aite says that in an industry in which pricing is the number-one concern of customers, acquirers and ISOs have to navigate through increasing margin compression and more demanding customers to be able to offer more with less. Acquirers and ISOs have to be creative in devising strategies to win new accounts, as well as retain the ones they have worked so hard to obtain. The report is based on interviews with 11 of the top 70 acquirers and ISOs in the USA.

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