Mercury Payment Systems Wins Bronze Stevie Award

Mercury Payment was awarded bronze in the “Front-line Customer Service Team” category in the eighth annual Stevie® Awards for Sales & Customer Service.The awards were presented by the Stevie Awards, which organizes several of the world’s leading business awards shows, including the prestigious International Business Awards and the new Asia-Pacific Stevie Awards. The final results were announced during a gala banquet on Friday, February 21 at the Bellagio Hotel in Las Vegas, Nevada. Finalists from the United States and several other nations attended. Mercury manages over a half-million merchant and partner interactions annually with a dedicated customer service staff of more than 100 people based in Colorado. More than 1,500 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition, an increase of 36 percent over 2013.

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U.S. Bank Announces Military Financial Education Course

U.S. Bank is celebrating Military Saves Week through March 1 with the introduction of the Military Financial Education Course, a free digital program that provides active military members with critical financial wellness skills. U.S. Bank has partnered with EverFi, a leading education technology company, to produce the Military Financial Education Course. The curriculum will focus on educating active duty military members on financial steps that can be taken to help them prepare for deployment, save for their return and beyond, and plan for a successful transition back to civilian life. In addition, the course covers other critical topics such as savings and investing, identity protection, mortgages, and financing higher education.

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Trustco Deploys ACI Worldwide Internet Banking

ACI Worldwide announced Trustco Bank has selected the company to power its internet banking and payment services. Trustco is among the leading community institutions meeting this demand, delivering its thousands of customers a universal experience. In order to better service its customers, maximize efficiency and ensure a consistent user experience, Trustco selected ACI’s online banking technology, which provides the bank with flexibility, choice and speed to respond quickly to customers’ self-service needs. With ACI, the bank and customer have a single, consistent view of account information and transactions from any channel. Trustco chose to host its application in ACI’s data centers, which host banking and payment solutions for thousands of financial institutions, retailers and billers.

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Allied Wallet Awarded Merchant Payments Award

Allied Wallet was announced as the winner of the “Guiding Hand – International Award” at this year’s Merchant Payments Ecosystem conference in Berlin, Germany. The Merchant Payments Ecosystem Awards, or MPE Awards, began their history in 2010 as the ECAF Awards, recognizing the outstanding roles of acquirers, processors, PSP’s, and payment solution providers.The MPE Awards provide recognition and tribute to those who are instrumental and innovative in the payment industry. They bring tribute to those who are pushing the system and payment solutions beyond its current state and into the next level of success. Allied Wallet won the MPE 2014 Award for its innovative, global vision on e-commerce payments and its ability to provide a customized solution for online merchants all over the world.

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PayPal and Deutsche Telekom Partner, Expand European Reach

PayPal and Deutsche Telekom announced a direct carrier billing relationship, which enables Deutsche Telekom users to make purchases directly to their mobile phone account. Now a part of PayPal’s carrier payment network, Deutsche Telekom and PayPal will help to extend carrier payments across Europe and will provide an opportunity for both companies to reach more consumers and digital goods merchants. In 2013, more than $9 billion of digital goods payment volume went through PayPal. As one of the world’s leading integrated telecommunications companies, Deutsche Telekom has a presence in 14 markets throughout Europe, with some 144 million mobile customers. This will make it easy for digital goods merchants who have not adopted carrier billing to offer this payment option to consumers across Western, Central and Eastern Europe. Deutsche Telekom joins more than 250 carriers as part of PayPal’s carrier payments network.

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FIRST DATA 2013

Global processing powerhouse First Data had a busy year with nine contract extensions, a new German contract, and expanded nine partnerships. FDC also introduced three new products: Clover Station, VisionPLUS Flex, and Go Daddy Payment Solutions, plus upgraded a number of existing products. FDC also acquired Perka and took 100% ownership of JV. The Company also had three CEO’s during 2013 and received two major awards. Annual revenues also increased slightly in 2013, after two level years.

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Cardholder Pricing – Effectiveness Results

While many card issuers are offering special cardholder price discounting – no fees, low interest and balance transfers to raid competitors – while raising the value prop none of these are new initiatives. Given the lowering of outstanding card loans which many have suffered during the recession, nearly $200 Billion total drop off before coming back up, we are surprised only that these and other value strategies weren’t implemented far more aggressively to reboot the card/payments business over the past five or six years.

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CardLock Awarded Patent

The U.S. Patent and Trademark Office will formally issue U.S. Patent No. 8,660,955 to PSCU on February 25, 2014 for PSCU’s CardLockTM fraud prevention innovation, which was introduced to the CUSO’s Member-Owner credit unions in 2009. The patent documents categorize the fraud prevention service, CardLock, as a “method and apparatus for consumer-driven protection for payment card transactions.” The CardLock solution works in conjunction with PSCU’s fraud detection and prevention platform and enables cardholders to easily block and unblock authorizations on cards they register with the service. Cardholders can manage the authorization status of their cards through any of three channels – phone, web and mobile.

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ROAM mPOS Platform with EMV Chip & PIN

ROAM has expanded its mPOS solutions to include chip & PIN acceptance with the RP750x mobile card reader . This new cloud-based solution is fully compatible with ROAM’s mobile commerce platform, making ROAM the leading mPOS solution provider supporting new mPOS players with all mobile card acceptance types: magnetic stripe, NFC, chip & sign and chip & PIN. Combining state-of-the-art mobile payments technology from mPOS innovator ROAM with the global EMV expertise of Ingenico, the RP750x is the most flexible and secure chip & PIN device on the market.

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Broadcom NFC for Affordable Smartphones

Broadcom Corporation introduced the next-generation of near field communication (NFC) controllers designed to deliver simplified connectivity and drive adoption in mass market smartphones and wearables. The new family enables mobile device manufacturers to reduce antenna size by 50 percent and lower overall cost by 35 percent. Broadcom’s BCM20795 NFC family provides original equipment manufacturers (OEMs) with highly integrated, low-power solutions that can be easily incorporated into a wide range of smartphones and tablets. The new controllers reduce power consumption more than 60 percent, use 30 percent fewer components and a 35 percent smaller board area than previous generations. The devices are also compatible with Broadcom’s Wireless Internet Connectivity for Embedded Devices (WICED™) platform.

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