DISCOVER SPENDING MONITOR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor fell 3.8 points in October to 87.9, as consumer confidence in the economy and their personal finances slid to two-year lows. The decline in confidence correlates with a drop in discretionary spending intentions in most categories surveyed. The Monitor is a 6-year-old daily poll tracking economic…

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American Express Partners Emirates

American Express welcomes Emirates Skywards to the industry-leading Membership Rewards program, letting members transfer points into the Emirates Skywards program and redeem Skywards Miles for travel on one of the world’s leading airlines. To celebrate the relationship, American Express and Emirates will offer a limited time transfer bonus. Eligible Card Members in the U.S, U.K and France who transfer points to Emirates Skywards between November 8 and 21 will receive a 25% bonus. During this promotion, eligible Card Members can transfer as few as 60,000 Membership Rewards points to Emirates Skywards and book an Economy Class return ticket on Emirates between JFK and Dubai.*Reward flights are available to over 136 destinations on the Emirates network.

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Fiserv Names Group President, Depository Institution Services

Fiserv named Byron C. Vielehr group president of its Depository Institution Services group to oversee the Company account processing businesses, which serve banks, thrifts and credit unions. Bringing more than 25 years of technology and financial services experience to Fiserv, he most recently served as President of International and Global Operations for Dun & Bradstreet as Chief Information Officer in 2005 and then in leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. Vielehr holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.

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The Unique Concept of Shared Branching

With the “credit union movement” offering service to members of individual credit unions nationwide. CO-OP ATM, managed on behalf of 3,500 client credit unions by CO-OP Financial Services, is a network of 30,000 ATMs across the country. members (customers) of participating credit unions to access their accounts without incurring a surcharge fee. At 30,000 ATMs, the credit union network is larger than the biggest dedicated bank network. These ATMs can not only be found on the premises of credit union branches, but in thousands of retail locations such as 7-Eleven, Walgreens and Costco. Credit union members can easily find out if their credit union belongs to CO-OP ATM by visiting www.allco-op.org. Or, if they have a debit card from their institution, they can simply turn over the card, and they will more than likely discover the red triangle logo of the network.

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PCI Council Publishes PCI DSS and PA-DSS Version 3.0

The PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0 will remain active until 31 December 2014 to ensure adequate time for organizations to make the transition. Changes are made to the standards every three years, based on feedback from the Council’s global constituents per the PCI DSS and PA-DSS development lifecycle and in response to market needs. Proposed changes for version 3.0 were shared publicly in August, and Participating Organizations and assessors had the opportunity to discuss the draft standards at the 2013 Community Meetings prior to final publication.

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Fiserv Debuts mSales Solution for FIs

Fiserv launched “Sales Enablement” mobile sales solution that enables financial institutions to become more effective and efficient at selling their products thereby accelerating revenue, reducing costs and streamlining hand-offs to operations. Using Sales Enablement from Fiserv, a financial institution’s account executives can walk into a prospect’s office to introduce their institution and its products and services, carrying only a tablet. With assistance or self-navigation, the solution shows available options and then the customer can enroll and sign the required forms. Sales Enablement is currently available for the Apple iPad, with support for additional mobile platforms to be announced. Sales Enablement from Fiserv is an interactive, fully customizable brand and message-focused tool designed to elicit a more personal, dynamic sales conversation. It eliminates paper and disparate tools by combining email, documents, collateral, video, ROI and pricing calculators into a single solution that is connected to the financial institution’s existing sales management, onboarding and core systems.

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MasterCard Posted 3Q/13 Income Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard posted 3Q/13 net income of $879 million, up 14% from the year-ago period and a net revenue of $2.2 billion, a 16% increase since the year ago period. Processed transactions were up 16%, to 10 billion while cross-border volumes were up 19%. Worldwide purchase volume during the quarter grew 14%…

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U.S. Bank Card Offers Flexibility Money Mgmt

U.S. Bank has introduced the new U.S. Bank Contour Card that gives customers the convenience of a debit card, the control of a bank account and the freedom of cash. Cardholders can open up to five additional card accounts that can be linked to their primary account. Additional cards are an effective and easy way to give money to others such as a teen, nanny or other caregiver or separate personal expenses such as gas, groceries or bills. Cardholders can use Contour anywhere Visa® Debit cards are accepted, get free cash withdrawals at any U.S. Bank or MoneyPass® ATM, and direct deposit paychecks to their accounts at no additional charge.

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TSYS Promotes Group Exec

TSYS promoted Andrew Mathieson to Group Executive of Relationship Management, who joined TSYS in 2009. Now responsible for providing TSYS clients with marketing, risk management and business consulting services, he is also responsible for the development, implementation and ongoing management of turnkey credit card services, a key TSYS offer to the financial technology services market. He was the founder and president of Fintura Corporation, which provided financial institutions with product management outsourcing solutions. He also has extensive experience in strategic planning, new product design and development, distribution planning and business development in the financial services industries, gained through both consulting and management positions.

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JetPay Payment Services Appoints Senior Risk Management Officer

JetPay Payment Services appointed Jeffry A. Beene SVP, Risk Management, bringing to the role over 20 years’ expertise from within the merchant acquiring industry. Mr. Beene spent almost nine years in executive positions including: Chief Compliance Officer and Executive Vice President at NetSecure Payments, Executive Vice President of Operations at FrontStream Payments and President and Chief Compliance Officer at Pipeline Data Processing. Prior to these positions, he was the Vice President of Security and Compliance for Genpass Technologies Inc. and Director of Security at Gensar Technologies, both companies headed by JetPay Corporation’s Chairman, Bipin C. Shah. He is one of the founding members of the Merchant Acquirer Committee (MAC) which provides universal risk management solutions through ongoing communication and cooperation among acquirers and card associations. He is actively involved with the Electronic Transactions Association (ETA) served on the ETA’s risk and fraud management committee as its vice-chairman, and also served on government relations, industry relations and new member committees.

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Oberthur Launches mAuthentication Solution on eSE

Oberthur Technologies made available its ID-One PIV for eSE solution. The ID-One PIV for eSE solution is designed for government agencies and large companies, offers the same security level currently available with cards on desktops or laptops but in a mobile phone or tablet integrating an embedded Secure Element (eSE). This breakthrough technology makes the citizens’ data more secure and is the core of any corporation or government security policy. It is already well-known by the Department of Defence of the United States and is today recognized by the whole industry as a state-of-the-art security technology that will allow governments and corporations to protect their valuable data. Oberthur Technologies’ ID-One PIV for eSE solution is a software suite combining a JavaCard™ applet loaded into the embedded Secure Element (eSE) and an Android application. It enables end-users’ biometric identification to open doors, sign and encrypt emails or use PIV features for a secure cloud access. This product is an answer to organizations which use PKI2 cards for physical and/or logical access control but which do not know how to properly manage mobility of their employees.

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Bluefin Payment Announces Latest Integrated Processing Partnership

Bluefin Payment Systems and Medtask practice management solutions for the medical industry partnered on integrated payment processing within the Medtask practice management platform. Bluefin’s payment platform, PayConex, features credit/debit/ACH processing with security features such as transparent redirect, tokenization, and point-to-point encryption (P2PE). Merchants can accept payments through the PayConex virtual terminal, at point of sale, online using the company’s hosted payment page, or through a mobile phone or tablet. Medtask has established a reputation as an all-in-one practice management solution, designed to let doctors focus on their patients. Medtask provides cloud-based services they provide including scheduling, billing, reporting, e-Eligibility, e-Remittance (ERA), and Electronic Health Records (EHR). Medtask customers have the luxury of being able to manage their practice from any computer, at any time.

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