Collis Discover Qualified

UL announces that Discover has qualified both, the Collis Brand Test Tool and the Collis Smart Link Box, for acquirer end-to-end testing. In order to process EMV transactions on the Discover Network, acquirers are required to execute the Discover D-Payment Application Specification (D-PAS) Acquirer End-to-End test cases. The Collis Brand Test Tool is now qualified to be used for certifying against the latest 12.2 specifications. This qualification includes the D-PAS Issuer Response Simulation, which allows testers to run the complete Acquirer E2E testing with the Collis Brand Test Tool, without the need for an external host simulation. A key characteristic of the Collis Brand Test Tool is that it covers the test plans for all relevant payment scheme brands. The Collis Brand Test Tool has the ability to simulate any test card.

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CU Wallet Selects Promote Product Launch, PR Efforts

CU Wallet credit union-owned and directed mobile payments technology provider will promote the launch and ongoing strategic public relations and marketing efforts for its mobile wallet application. In partnership with William Mills Agency, the campaign for credit unions to meet the needs of an increasingly mobile membership base, attract a new generation of members and generate sustainable streams of revenue. At the time of the launch, 15 credit unions, ranging from $400 million to more than $5 billion in assets and representing more than 2 million members nationwide, have signed agreements with CU Wallet. Since the launch in late September, an additional 20 credit unions, ranging from $100 million to more than $6 billion in assets and representing more than 2.0 million members nationwide, have signed agreements.

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SIX hits 1mm Customer eBill mark

Over 1,000,000 e-banking customers of PostFinance had signed up for e-bill by the end of November 2013 while over 15,000 new e-banking customers are registering for e-billing each month. All customers need to receive e-bills is an e-banking account with a Swiss bank or PostFinance. They can sign up for e-billing and register with billers directly in e-banking in a matter of minutes. Bills can then be received, checked and paid electronically in just a few mouse clicks from within e-banking, at any time of the day or night. E-bills can be dealt with quickly and conveniently as there is no need to type in the payment information. If anything is unclear, customers can also reject an e-bill. Not only are e-bills secure, they are free for retail customers and are also more environmentally friendly than paper bills. E-bills are not just popular with e-banking customers, but also with companies and public authorities.

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REALSEC Cryptographic Solutions

From EMV migration to email protection and Public Key Infrastructures, REALSEC’s solutions enable US financial institutions to dramatically reduce the time of deployment from months to weeks, increasing security level and ROI. The use of cryptographic technologies in the banking and financial sector is both a regulatory requirement, as well as a customer requirement. Customers’ increasing concerns about identity theft and the latest security breaches nationwide are boosting the deployment of additional security measures to help protect customer data and transactions. To address todays’ needs, REALSEC offers a number of unique solutions to protect financial-related operations EMV migration, ATM/POS remote key loading, digital signature, etc.

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Lloyds Banking Refines Talking ATMs

Lloyds Banking Group has this week introduced Talking ATMs across Lloyds Bank, Halifax and Bank of Scotland to make it easier for blind and partially sighted customers to withdraw cash and check balances. The Group has worked closely with the Royal National Institute of Blind People to ensure that the machines serve the needs of those who are visually impaired. Lloyds Banking Group will have a total of nearing 1,300 Talking ATMs working across the UK by the end of 2013. Those with other accessibility problems, such as literacy issues and dyslexia, will also benefit from the changes.

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Americans’ Credit Bill Grows, Chargeoffs Continue to Wane

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Although cardholders continue to rack-up their credit card debit, at least they continue to pay their bills on time. Prime charge-offs are anticipated to decline for the seventh straight month to the lowest observation in the near 23-year history of the Fitch index, even as total outstanding revolving US consumer credit…

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NCR Announces Strategic Acquisitions

NCR Corporation has signed a definitive agreement to purchase Digital Insight Corporation online and mobile banking solutions for $1.65 billion and completed the acquisition of Alaric Systems Limited for $84 million. These companies complement and extend NCR’s existing capabilities in the banking industry to form a complete enterprise software platform that will deliver a unique and compelling consumer experience across all digital and physical channels – mobile, online, branch, and ATM. The combination will help retail banks and other financial institutions reduce legacy costs and enable solutions for new, more nimble branches, by providing one platform for omni-channel services and all payment and transaction types. The acquisitions together will also position NCR to deliver an enterprise software stack that securely and seamlessly creates a differentiated consumer experience across all channels (online, mobile, ATM, branch) improving a retail bank’s growth, profitability and customer satisfaction. Alaric Systems payments processing and fraud prevention software allows financial institutions, processors and retailers to manage ATM, point of sale, ecommerce and mobile payment or banking transactions, deliver complex multi-channel payments integration and carry out enterprise fraud and risk management.

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Fiserv Producing Aconite EMV

Aconite is proud to announce that its Smart EMV Manager EMV card authorization systems is under production through Fiserv Inc. Aconite’s Smart EMV Manager preserves the investment made by issuers and processors in their authorization platforms by providing fully-featured EMV capability in an easy-to-integrate plug-in solution. Fiserv is utilizing Smart EMV Manager to bring advanced EMV processing to its already sophisticated environment. With Smart EMV Manager, Fiserv can process EMV transactions across multiple card products and establish the foundation for enhanced chip capabilities as these are introduced in the marketplace.

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MyUS.com Launches PayPal Service in Select Countries

Consumers in select countries can buy American products from U.S. retailers and ship them abroad using PayPal and MyUS.com in 13 countries. The company is also offering a discounted membership fee and shipping incentive for ALL new customers that sign up prior to December 20th. MyUS.com already serves global customers in over 220 countries and handles millions of packages annually. MyUS.com makes it easy and secure for consumers worldwide to shop US retailers and save up to 80% on international shipping costs. Consumers pay for shipping using credit card, check, money order, wire transfer and now PayPal. MyUS.com is offering 50% off its premium membership fee for year one and 20% off its first shipment for ALL new members (all countries) that sign up before December 20, 2013. Offer good for new members only; 20% discount does not apply to USPS shipments. To take advantage of this offer, visit www.myus.com/paypalpromo or use coupon code “paypalpromo” when registering.

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KeyBank Implements EnCompass Commercial Card Management

AOC Solutions commercial payments technology and services announced KeyBank has selected its “EnCompass” payments platform for its customers’ commercial card management and reporting. With this, KeyBank will offer its business customers AOC Solutions’ fully hosted, PCI-compliant commercial payments solution, EnCompass, as a one-stop online payment tool to help their business customers manage corporate purchasing/accounts payable (A/P), fleet, travel and entertainment, and purchasing card programs. KeyBank’s customers will also be able to obtain detailed statements and automatically analyze their spending using advanced metrics and reporting features. To access the EnCompass platform, which will be white-labeled as Key2Purchase to reflect the KeyBank brand, users will simply log in via browser using their assigned credentials.

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