Fiserv Granted Patent on Value Optimization

Fiserv has been granted a patent by the U.S. Patent and Trademark Office for a customer value optimization process in its Predictive ScoresSM solution. Using this newly patented process, financial institutions can benefit from the ability to proactively identify and approach customers with the optimum product, service or treatment they may need at the right time, through the appropriate channels. This can improve the current and future value of the customer, reduce their risk of attrition and increase satisfaction. Customer Value Optimization elevates the ROI of traditional cross-sales programs to previously unattainable levels while Predictive Scores from Fiserv is a suite of solutions that enables financial institutions to identify and prioritize the customers or members who are most likely to be receptive to marketing and sales initiatives by optimizing the revenue potential of each customer or member, and by understanding the most relevant products and services they are most likely to buy.

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2Checkout Offers Online Checkout Methods with Payments API

2Checkout released a new suite of payment API (Application Programming Interface) libraries from beta testing, letting merchants embed 2Checkout’s payment processing capabilities directly into their website. The 2Checkout Payment API libraries join 2Checkout’s hosted options: Standard Checkout and Inline Checkout. With these three checkout platforms, 2Checkout is the payments vendor with the broadest set of customizable payment methods in the world. Merchants use 2Checkout to process credit card, debit card and PayPal payments, allowing them to directly integrate 2Checkout’s technology into their website with complete coding control. They can therefore focus on designing a unique and branded checkout experience for their customers. Standard Checkout displays checkout pages based on the buyer’s device while maintaining the merchant’s unique branding. Inline Checkout provides a simple payment form that gives shoppers the appearance that they are still on the merchant’s site. The Payment API empowers merchants to integrate 2Checkout’s payment processing directly into their website with the most customization options.

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Western Union bids to unlock user data potential with Informatica

Informatica Corporation (INFA) data integration software announced that the Western Union Company has made Informatica the data integration provider for its internal data initiative. Data insights are helping Western Union continue to enhance its digital service offerings, maximize customer satisfaction and improve brand loyalty across the many facets of its global operations. In 2013, Western Union completed 242 million consumer-to-consumer transactions worldwide and 459 million business payments, equating to more than 29 transactions per second, on average.

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MoneyPass ATM Network Launches Contest for Cardholders

The MoneyPass Network is celebrating another year of increased growth with a contest for cardholders. The MoneyPass “Caught Without Cash” contest gives cardholders an opportunity to win one of two weekly $100 drawings and a grand prize of $1,000. The “Caught Without Cash” contest runs through June 1, 2014. Contestants enter by sharing a brief story about a time they were caught without cash when it was needed, such as paying a babysitter or shopping at a farmers market. Two $100 winners are drawn each week during the contest. Entries can be voted on by visitors to the contest site and one entry will be chosen from the top ten entries as the grand prize winner at the end of the contest. MoneyPass participants are encouraged to promote the contest to cardholders as a way to increase awareness of the benefits of MoneyPass access.

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Telefónica Deploying OT’s MultiSIM for O2

Oberthur Technologies announced massive deliveries of OT’s MultiSIM for O2 in Germany. OT developed the MultiSIM form factor and adjusted it according to Telefónica Germany requirements. From now on, O2customers do not need to worry anymore, as their new SIM card will fit into any mobile phone. If they want to change from one form factor to another, they do not need to ask their operator for a new SIM card, but can just deplug their MultiSIM. The introduction of OT’s MultiSIM by Telefónica Germany is in line with the issuing of SIM-Plugs instead of ID-sized card bodies which allows the recycling of plastics and marks another step toward environmental sustainability.

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HyperWallet launches direct-to-bank money transfers

hyperWALLET launched payment services to India, providing corporations with a fast, low-cost method of making payments via direct-to-bank money transfers in local currency. hyperWALLET has facilitated corporations to make fully-compliant, low-cost electronic payments to Indian bank accounts in INR currency, typically within 1-2 business days.With the addition of payments to India, hyperWALLET continues to enhance their global payment platform and expand their global payments footprint. hyperWALLET’s payment platform enables companies and individuals to receive and manage their funds using a variety of options including online e-wallets, bank deposit, prepaid cards, cash pickup, via mobile phone and more.

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Visa / MasterCard Debit Card PDV

Visa (VS) and MasterCard (MC) debit card activity edged up in the first quarter, as Gross Dollar Volume (GDV) on U.S.-issued debit cards increased 7.0% year-on-year (Y/Y), according to CardData. In the first quarter of 2014 (1Q/2014), VS’ U.S. debit card GDV was up 6.4% Y/Y to $408 billion, while MC’s U.S. debit card GDV increased 9.0% Y/Y in 1Q/2014 to $174 billion. MasterCard debit cards have been growing above 9% Y/Y for the past four quarters.

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JUSP Teams with Nokia

JUSP announced it is teaming with Nokia as the first provider of a chip-and-pin mPOS solution to the Nokia Lumia smartphone. JUSP’s solution also works with Windows-based PCs as well as smartphones and tablets running Windows, iOS and Android making it an all-encompassing mPOS solution for both micro merchants and small- and medium-sized retail outlets. JUSP’s mPOS device and operating system flexibility, along with the chip-and-pin security and the all-inclusive pricing launched recently by JUSP, makes it extremely easy, convenient and secure for retailers of all sizes to charge customers using whatever means they choose.

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Jusp to Provide mPOS Nokia Smartphone Support

JUSP chip-and-pin mPOS solution for smartphones and tablets is teaming with Nokia as the first provider of a chip-and-pin mPOS solution to the Nokia Lumia smartphone. JUSP’s solution also works with Windows-based PCs as well as smartphones and tablets running Windows, iOS and Android making it an all-encompassing mPOS solution for both micro merchants and small- and medium-sized retail outlets. JUSP’s mPOS device and operating system flexibility, along with the chip-and-pin security and the all-inclusive pricing launched recently by JUSP, makes it extremely easy, convenient and secure for retailers of all sizes to charge customers using whatever means they choose. JUSP’s mPOS connects through a computer’s USB or audio jack or any mobile device’s audio jack and, because JUSP is ‘bank agnostic,’ there are no bank accounts to change or any other banking requirements or approvals necessary. With its Windows-based solution, JUSP can connect shop owners data to Microsoft-based back-end accounting systems, billing and Excel spreadsheets.

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Fiserv Helps Transition to EMV Standard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv is helping its clients transition to EMV cards with an integrated, compliant and cost effective path to EMV-enabled debit and credit card issuance. With this unsurpassed experience and expertise Fiserv can guide clients through every step of the migration process “from analyzing their payment card portfolios to optimizing penetration, activation…

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