Madiston LendLoanInvest enters UK P2P lending market

Madiston LendLoanInvest is now launching a new P2P (peer to peer) Lending site that will offer investors and borrowers an unprecedented level of flexibility and control, allowing them to customize loans to suit their personal needs. The Madiston LendLoanInvest site offers a fair alternative to traditional funding methods by matching responsible lenders with stable, credit worthy borrowers. It operates on Madiston P2P Lending Software, a highly sophisticated automated platform that provides considerable flexibility and convenience to the user. It means that Madiston LendLoanInvest can offer a true alternative to existing P2P providers offering fixed terms and values. Madiston lenders can set their own parameters and spread their risk across different borrowers, either through a self-selected bidding approach or an automated lender-borrower matching process. Borrowers can choose a specific loan amount in £10 increments and select their loan period to the nearest quarter, meaning they won’t be restricted to 3 or 5 year loans. Participants can remain anonymous and everyone benefits from a transparent charging model, with no hidden costs.

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NCR to improve ATM Uptime at Co-Operative Banks

NCR Corporation and INETCO Systems Limited announced that Sinergia has chosen a combined NCR APTRA Vision and INETCO Insight® software solution to monitor real-time service delivery and improve customer service. The solution will be deployed to more than 165 rural banks and 2,000 ATMs that run on the Banche di Credito Cooperativo network in Italy. Sinergia is the result of a merger between Cesecoop, Soar, UPF and Iside Spa. The objective of the merger was to provide rural banks throughout Italy with a centralized, standardized infrastructure that makes it easy to achieve operational excellence and optimal cost-effectiveness. NCR APTRA Vision is a multi-vendor ATM management system used by financial institutions all over the world to proactively manage and improve ATM uptime and availability. The INETCO Insight transaction monitoring software complements APTRA Vision by providing real-time alerting and end-to-end visibility into consumer transactions once they are initiated at an ATM or any other customer-facing touch point such as a mobile application, kiosk or online banking application.

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TSYS Reports 2013 Adjusted Cash EPS Increased 17.8%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS posted 4Q/13 total revenues of $600.8 million, an increase of 25.4%. For the year, total revenues were $2.1 billion, an increase of 14.0%. Total revenues for the quarter and year were negatively impacted by currency translation of $3.8 million and $20.6 million, respectively, as well as a decrease in reimbursable…

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Citi 2013

The bad stuff is declining and the good stuff is rising for Citbank-branded bank credit cards. For the fourth quarter Citi North America reported a 16% decline in charge-offs, a 14% decrease in delinquency while purchase charge volume rose 4% and the net credit margin rose 1%, year-over-year. Meanwhile, Citi’s North America retail store credit card business posted a 14% increase in purchase dollar volume, with a 17% rise in the net credit margin, offset by an 8% drop in charge-offs, year-on-year.

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Oxygen8 Intros Multi-Channel Card Payment

Oxygen8 announces the launch of Oxygen8PAY e-commerce, mobile and IVR card payment solution designed to simplify merchants’ card payment operations through a range of communication channels. Complementing and integrating with Oxygen8’s current portfolio of products, such as mobile marketing platform Evolve and its Web Page Builder tool, Oxygen8PAY provides a full service proposition to businesses looking to engage with customers across multiple channels. This offers a simplified method of paying for products without the need for costly human resource. As a PCI compliant solution, Oxygen8PAY also holds a highly robust infrastructure with established policies and processes in place to ensure optimal security. It includes a flexible and scalable cloud platform, multi-device capabilities and trusted global payments with a real-time dashboard which can be viewed on any device.

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ACI Worldwide Partners to Mobilize Payments Monitoring

ACI Worldwide announced the availability of Prognosis 10 for Payments, developed by Integrated Research and powers ACI Payments Service Management to deliver integrated performance management for ACI payments and fraud management environments. Cloud-enabled Prognosis 10, the next generation of this flagship payment service management solution, provides new options for in-depth monitoring and analysis of transactions, applications, IT infrastructure and payment devices to deliver deep business intelligence. Capabilities include mobile access, an intelligent 360⁰ view across the entire payments ecosystem and business Insight to understand and react immediately to potential issues.

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Fiserv Introduces Secured Risk and Budgeting Capabilities

Fiserv announced that its Vantage Risk and Budgeting Manager application is available as a hosted software-as-a-service (SaaS) solution via the Intelligent WorkplaceSM web portal. Vantage Risk and Budgeting Manager via Intelligent Workplace from Fiserv efficiently integrates risk and budgeting processes into a performance management framework to provide a unified view of the key data needed to manage business. It links interdependent business functions – asset/liability management, budgeting and planning, management reporting – to help banks and credit unions make better decisions based on powerful insights into business performance. Vantage Risk and Budgeting Manager gives other managers the means to collaborate and provide input for their specific budgeting responsibilities through its distributed budgeting capability.

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Acleda Bank Now Accepting JCB cards

JCB International, the international operations subsidiary of JCB Co., has started JCB merchant acquiring operations with ACLEDA Bank Plc. (“ACLEDA”). With this launch, JCB cards will be accepted at over 650 locations throughout the country. Cambodia is a rapidly growing country with more than 6% of annual economic growth rate since the beginning of 2000s, and increasing attractiveness as a new investment destination as well as other Mekong region countries. It is expected that there is growing demand for acceptance of payment cards from business visitors and tourists coming to Cambodia.

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ElectraCard Announces Latest Prepaid Card Client

ElectraCard Services (ECS) announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe and secure solution. Chase Bank has partnered with UNISCOO (University Students Community Organization) to offer the MasterCard prepaid card to its members. The UNISCOO card will allow users to top up and shop at any MasterCard enabled physical or online merchant. Topping up the card can be done at any Chase Bank Branch as well as through M-Pesa and Airtel Money at no additional cost. The Card is aimed at giving the user an easy way to manage funds that is both convenient and secure.

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Paragon Announces Solution Licensing

Software Group software solutions and services to financial institutions has licensed ATMulator Plus and FASTest from Paragon Application Systems. Software Group is using ATMulator Plus and FASTest to enhance the ongoing development and testing of their UnderTree Route switch system. Using ATMulator Plus and FASTest, Software Group can create unlimited virtual ATMs to use for device, function and regression testing. With Paragon’s solutions, they can also develop and test customized ATM configuration files.

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Chase 2013

The #1 credit card issuer in the U.S. (based on outstandings) and the #1 global Visa issuer (based on consumer and business card sales) posted an 11% gain in credit card purchase dollar volume and a 14% gain in merchant processing volume in the fourth quarter.

At year-end, Chase had 65.3 million open credit card accounts and 32.3 million active credit card accounts (or 50%). Chase opened 2.4 million new credit card accounts in the fourth quarter (59% via online), but the gross number of accounts only grew by 300,000. For the full-year credit card purchase dollar volume rose 10% over 2012 with $419.5 billion. In the fourth quarter purchase dollar volume increased 11% to $112.6 billion.

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Clinkle Names New CFO

Clinkle Corporation announced the appointment of Mike Liberatore as chief financial officer. Liberatore joins the company from PayPal, where he served as senior director of large enterprise finance and the North America financial planning and analysis (FP&A) group. Earlier, Liberatore was based in Singapore and served as senior director of finance for Asia-Pacific, during which time he helped triple the APAC business over four years. Before PayPal, Liberatore worked at eBay in several roles, including director of corporate FP&A. Previously, Liberatore held a variety of financial positions at Adobe Systems, Intel Corporation, and Hewlett-Packard.

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