At the opening of EBADay 2014, Clear2Pay payment solutions announced it has enhanced its solutions portfolio for the Open Payment Framework in accordance with full support for the ISO 20022 standards. Clear2Pay launches a SIC4 solution connecting banks operating in Switzerland to the Swiss RTGS system. At the same time Clear2Pay’s Open Payment Framework enables current and future customers to migrate to modern XML-based payment messaging for EURO1 and TARGET2 within the Eurozone. Designed for banks connecting to the Swiss RTGS system, the SIC enabled Domestic Payments module offers full support for SIC4 electronic transaction processing. Clear2Pay’s OPF SIC solution provides comprehensive cover for all SIC4 requirements in an easily deployed solution, enabling regulatory compliance ahead of target deadline in a cost efficient manner.Details
MasterCard launched a Reloadable Hajj Prepaid Card Premier Bank Bangladesh Ltd for pilgrims and Hajj Agencies. Premier Bank Ltd is a top issuer of prepaid cards for Hajj pilgrims & Hajj Agencies in the country. It has branches across the country including all major cities like Dhaka, Chittagong, Cox’s Bazar, Sylhet, Comilla, Rajshahi, Rangpur. MasterCard Reloadable Hajj & Travel Prepaid cardholders will enjoy some exclusive benefits while using the card. Present at the event were honorable Secretory, Ministry of Religious Affairs, Chairman, Parliamentary standing committee for Ministry of Religious Affairs, , President & General Secretary of Hajj Agencies Association of Bangladesh (HAAB), Dr. H.B.M. Iqbal, Chairman, Premier Bank, CEO & Managing Director, Independent Director, Additional Managing Directors & Deputy Managing Director of Premier Bank, Vikas Varma, Area Head, South Asia, MasterCard, Syed Mohammad Kamal, Country Manager, Bangladesh and other senior Officials from MasterCard & Premier Bank.Details
Eckoh secure payment products and customer service solutions has been granted a patent (No. 2478916) for the transaction security method and system that underpins its CallGuard product.The patent was filed in 2010 by Veritape, a leading secure payment solutions company acquired by Eckoh in June 2013. Both Eckoh and Veritape have specialised in developing card payment solutions to assist companies in making ‘card-not-present’ transactions more secure, particularly those made over the phone through a contact centre. CallGuard, installed on customers’ sites, has proven its success in the market with deployments across the globe. Many companies such as outsourced contact centre providers have adopted the simple plug-and-play solution that prevents sensitive customer cardholder data from reaching call recordings and contact centre agents.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 217,000 in May for an unchanged unemployment rate of 6.3 from the previous month figure. This comes after a 0.4 percentage point drop in April. The number of unemployed persons was unchanged in May at 9.8 million. The unemployment rate and the number of unemployed persons declined…Details
American Express this afternoon announces a new partnership with Uber and a first-of-its-kind technology integration into the Uber iOS app that allows U.S. Card Members enrolled in the Membership Rewards program to choose to earn 2x points or use points for Uber rides. This is the first time that consumers can use loyalty reward points seamlessly in-app and in real time for on-demand transportation in this way.Details
A deal to ink a new Diners Club International franchise in Switzerland has been realized. Discover Financial Services’ Diners Club International unit and Cornèr Bank, via its payment card division Cornèrcard, signed an agreement to form a new Diners Club International franchise in Switzerland.Details
JCB International Co., Ltd. and Redeban Multicolor S.A. (“RBM”), the largest merchant acquirer in Colombia, are pleased to announce that they have signed a License Agreement for building a JCB card acceptance network in Colombia. With this arrangement, JCB cards will be accepted at all 200,000 RBM merchants throughout Colombia starting in early 2015.Details
DFC Global Corp international diversified financial services company serving primarily unbanked and under-banked consumers announced at the Company’s special meeting of stockholders a majority of the outstanding shares of DFC Global common stock voted to approve the acquisition of DFC Global by an affiliate of Lone Star Funds (“Lone Star”). Houlihan Lokey Capital, Inc. is acting as financial advisor to DFC Global in connection with the transaction. Pepper Hamilton LLP is acting as DFC Global’s legal advisor. Jefferies LLC is acting as lead financial advisor to Lone Star Funds and Credit Suisse Securities (USA), LLC is acting as financial advisor. Jefferies Finance LLC and Credit Suisse AG are providing debt financing commitments for the acquisition.Details
Venmo has developed a way to tip a favorite artist, or donating to a good cause, or other money that enables people to continue doing what matters. The new Venmo Button is a new way to accept tips, donations, and other optional payments. It’s trivial to embed on a web site, and receiving payments is just as frictionless as you’d expect from Venmo.Details
Lake Michigan Credit Union (LMCU) is partnering VerifyValid electronically-delivered check payments (eChecks). This lets members to quickly and easily receive, manage and deposit VerifyValid eChecks directly into their accounts.
eChecks combine the speed and convenience of electronic payments with the safety, familiarity, and information of paper checks, and can be sent from any computer, tablet or iOS phone. eChecks are currently used by individuals and businesses, such as Grand Valley State University, one of West Michigan’s largest employers, to pay many of its vendors. Additionally, the rate of eCheck usage is increasing nationally through partnerships between VerifyValid and Deluxe Corporation. Financial institutions can offer the VerifyValid eLockbox technology using no new equipment, no software installation, and requires no maintenance or service calls. LMCU can add it to a member’s account in minutes.
Green Dot Corporation supports Visa’s recently announced designation for consumer reloadable prepaid products in the U.S. The new designation is aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. Green Dot Corporation is the largest provider of reloadable prepaid debit cards in America with its products sold in more than 90,000 retail locations nationwide.To qualify for the new Visa prepaid designation, prepaid programs must meet a set of standards outlined by Visa that relate to simplified fees and transparent disclosures as well as superior consumer protections.Details
Monitise banking technology partnered Kredi Bank to offer Nuvo ‘branchless banking’ service with mobile commerce capabilities. This allows customers to open accounts and complete all their transactions via mobile and internet banking, Nuvo enables consumers to manage their money and take advantage of mobile shopping and commerce services in their own time and from anywhere. Account features include competitive interest rates, free account transactions and money transfers, and perks such as Yapı Kredi’s World Gold or Play Card loyalty programs. In addition to delivering banking convenience, Nuvo offers exclusive shopping benefits to its users, including discounts and reduced delivery costs. Nuvo is currently available on iOS and Android, in both Turkish and English.Details