Fiserv 3Q/13 Revenue Up 10% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv posted 3Q/13 adjusted revenue of $1.14 billion, up 10% from the year ago figure of $1.04 billion. For the 2013 9 month figure, adjusted revenue was $3.36 billion, 9% on the year ago figure of $3.08 billion. Adjusted earnings per share from continuing operations in the third quarter increased 24…

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Ex Goldman Sachs CFO Sit on Square Board

Square appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman. Viniar was most recently Executive Vice President and Chief Financial Officer of Goldman Sachs, and is currently a member of its Board of Directors. After receiving a Masters in Business Administration from Harvard Business School, Viniar joined Goldman Sachs in 1980, where he amassed over 30 years of experience. He became the CFO in 1999 and served in that capacity for over 13 years. He was also the head of the Operations, Technology, Finance and Services Division. Viniar is a former Trustee of Union College, where he received his Bachelor’s Degree.

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FIS to Showcase Banking and Payments Innovations

FIS banking and payments technology is set to showcase at the BAI Retail Delivery Conference its Mobile Wallet with Cardless Cash Access. This allows users to not only pay using their smart phones, but also withdraw money from an ATM from a mobile device. It also will showcase its newest touch-enabled customer interaction solution, FIS TouchPoint Connect suite, integrated with the Microsoft platform to offer best-in-class, branch of the future capabilities that help financial institutions bridge the gap between the traditional branch and the evolving branch model. TouchPoint Connect’s highly intuitive, touch-enabled interface brings a new dimension to the branch with its customer facing user interface that can be deployed as a kiosk or tablet solution. After authenticating the customer via an ATM/Debit card, online banking ID, or QR code, TouchPoint Connect enables customers to view account summary and detailed account information, receive and act on targeted offers, and perform self-service functions such as check orders, address change, funds transfer, lost card, and stop payments.

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Green Dot and Walmart Expand Prepaid Walmart MoneyCard Folio

Green Dot and Walmart announced have expanded the line of Walmart MoneyCard reloadable prepaid debit cards to include six new card types designed to meet the needs of their growing customer base. The Walmart prepaid debit card portfolio now includes nine cards and include Mobile Web Registration; Check Cashing Reloads Account Alerts; Gas Discounts; Pharmacy Discounts; Merchant Funded Offers; Purchase Protection / Assurance (Visa and MasterCard); and Walmart MoneyCard Portfolio.

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Cardlytics Launches Lloyds Bank Card Marketing

Cardlytics Card-Linked Marketing will be launching its successful advertising platform with Lloyds Bank, part of the U.K. and Europe’s largest retail bank. This launch follows the September introduction of the Cardlytics service with Halifax, another Lloyds Banking group retail bank brand. Lloyds Banking Group operates in the U.K. under several retail banking brands, including Halifax, Lloyds TSB, and Bank of Scotland. Lloyds has over 30 million customers, and is the U.K.’s leading provider of checking and savings accounts, personal loans, credit cards and mortgages.

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Islami Bank Bangladesh Live on ElectraCard Platform

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems announced the go-live of Islami Bank Bangladesh Limited (IBBL), with the new electra iTx series suite. ECS ensured that the migration of debit cards and ATMs from legacy platform onto the electra platform was executed in a span of only 4 weeks — making this one of the fastest EFT switch migration. The electra iTx series platform is a next generation PA-DSS certified secure transaction platform, built from the ground-up on open standards and industry best-practices to support the service oriented architectures (SOA) that are fast becoming the technology backbone of today’s leading organizations. This is a game changing technology that allows the user to control their application and EFT environment. It also helps to reduce the time to market for integration and to roll out new services.

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European Payment Services PCI P2PE Valid

European Payment Services Ltd., (EPS) has become the first entity in the world to validate its point-to-point encryption solution as having met the rigorous controls defined in the PCI Security Standards Council P2PE Standard for the protection of payment card data. The company can now offer its merchants a P2PE-validated solution for their credit card processing environments, enabling merchants to choose the Self-Assessment Questionnaire (SAQ) P2PE-HW. EPS’s Total Care is a compelling service managed solution, which can enable merchants to meet the significant challenges of achieving and maintaining PCI Data Security Standard (DSS) compliance, whilst saving significant costs across the business. It genuinely allows merchants to accept any payment card in any country in any currency via any acquirer, and reduces the PCI DSS scope of their cardholder data environments.

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Banco Sabadell Hardware-Free mPOS

BS Mobile now allows you to make credit card collections without any additional software or hardware. It is a supplementary utility launched in conjunction with Ingenico this year. The bank strengthens its position as the leading financial entity in mobile banking. Banco Sabadell has included in its mobile banking service (BS Mobile) a utility that allows any user of the service to make collections from any credit or debit card. In practice, this means that BS Mobile transforms any smartphone, into a fully functional POS without needing any additional software or hardware to place at the disposal of its users the mobile banking service of the bank.

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SIX Payment Services Align Direct Debit & eCommerce

The Swiss banks have decided to promote the e-bill and to combine it with a new direct debit solution by 2016. SIX Payment Services has been mandated to align the new direct debit solution with the automated e-billing processes and to replace the existing LSV+ and BDD procedures. The e-billing functionality shall be improved and upgraded at the same time. The solution offers advantages for billers; debtors will basically be unaffected by the switchover. E-bills and direct debits will now be combined in one system with a common interface, which offers the greatest possible advantages for billers. For example, as of 2016, billers will receive direct debit registrations and cancellations electronically, as they are accustomed to with e-billing. The e-billing service offer will be further improved and upgraded, which will benefit billers and their customers alike.

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