ACI Worldwide posted 3Q/13 revenue of $216 million, up 35% by $56 million from the year ago figure. Monthly recurring revenue grew to $151 million, up $46 million, and represented 71% of total revenue in the quarter. Excluding Online Resources, recurring revenue grew 9% from Q3 2012.New sales bookings, net of term extensions (SNET), excluding…Details
Fiserv announced Byron C. Vielehr has been named group president of its Depository Institution Services group to oversee domestic account processing businesses for banks, thrifts and credit unions. Bringing to the roll more than 25 years of technology and financial services experience, Byron most recently served as President of International and Global Operations for Dun & Bradstreet (D&B) (NYSE: DNB), responsible for all D&B businesses outside of North America and led operations globally. During his tenure at D&B, which began as Chief Information Officer in 2005, Vielehr held a succession of senior executive positions, including leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. He holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.Details
Fiserv announced that SAC Federal Credit Union selected its DNA account processing platform and several surround solutions to accelerate its rapid growth. DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, SAC FCU benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships. With the DNAcreator development toolkit, the credit union’s technical staff can create seamlessly integrated, custom core extensions called DNAapps™ that add new functionality, screens and processes to DNA. SAC FCU can sell its DNAapps to other financial institutions as well as purchase those created by others through the DNAappstore – the first collaborative online marketplace for custom core applications.Details
UL is pleased to announce that EMVCo has qualified the latest versions of the Collis CPA/CCD Level 2 Test Suites which are used to test card products.
The Collis CPA/CCD Level 2 Test Suites are part of the EMVCo test suite portfolio and test whether a card works according to EMVCo standards for CPA (Common Payment Application) and CCD (Common Core Definitions). The benefit of these test suites is that tests can be performed during the development process of a card so that any errors that may come up during certification are discovered during development. The Collis CPA Level 2 Test Suite (version 1.0.i) is designed to test EMV application behavior on CPA cards while the Collis CCD Level 2 Test Suite (version 4.3.b) is aimed at testing the minimum functionality required on a card to run an EMV transaction.
Fiserv has redesigned its online banking solution, Corillian Online, with new digital money movement capabilities into a simplified, task-focused design. The latest licensed version of Corillian Online from Fiserv brings Popmoney® person-to-person (P2P) payments and account-to-account transfers to the home page of the service, where they join existing bill payment capabilities. Design enhancements throughout the service, including the reduction of visual clutter and the use of iconography, reflect current design principles and simplify the user experience. The update also includes improvements to enable family banking and small business banking users to better manage their accounts, and segmentation functionality that allows financial institutions to offer customized banking features to different customer segments.Details
SWACHA Services Corporation Electronic Payments Resource partnered Aptys Solutions as a technology provider for their automated clearing house (ACH) modules within PayLOGICS. This offers a common platform to support all aspects of payment processing, such as image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments. As financial institutions (FIs) continue to face changing industry regulations, Aptys Solutions offers the ability to consolidate payment processing including an end-to-end ACH solution for originating, analyzing, processing, receiving, managing, and monitoring ACH transactions.Details
SureCloud added new features and functionality to its cloud-based GRC platform in readiness for the new PCI DSS 3.0 compliance standard. PCI DSS is the recognised compliance standard governing how credit card data is handled and version 3.0, published on 7 November, tightens up a number of areas that have been responsible for some merchants misinterpreting or potentially manipulating the standard’s real intention. To help merchants migrate easily from version 2.0 to version 3.0, the SureCloud platform has built-in assistance that automates the process in Asset inventory; 3rd party assurance; Penetration test management; and future-proofing for new versions of the PCI DSS.Details
i-Free has unveiled new functionality in its “Wallet” mobile app, offering a contactless transport card can be loaded on “Wallet”. The same app will also be used to acquire, store and manage discount coupons. Using NFC technology and QR codes, “Wallet” is now officially available for 8 smartphone models from HTC and Philips. i-Free introduced Russia’s first fully functional NFC Wallet app, which comes built into smartphones, in May 2013. The app uses i-Free TSM (Trusted Service Manager) platform, which has been certified by MasterCard. The MasterCard certificate authorizes the remote issuance of Mobile MasterCard PayPass® payment cards to mobile phones anywhere in the world. Today, i-Free TSM platform is the only certified solution of its kind in the CIS, and one of the first in the world.Details
Payvision Payment Solutions specialized in Global Card Processing for the eCommerce market added JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has built a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide. Chinese Wing Hang Bank adds yet another strong brand to its expanding card portfolio, and through this partnership, Payvision is able to offer its customer-base in Hong Kong and Macau a new secure card payment solution, in order for them to benefit from profitable cross-border ecommerce opportunities between China and Japan. Merchants can now add JCB Card to their payment portfolio when processing through Payvision.Details
First Data Merchant Solutions direct-to-market merchant acquiring business and Diners Club International announced their merchant acquiring agreement. Allowing First Data Merchant Solutions to accept all cards on the Discover Global Network, including Diners Club and Discover transactions- alongside Visa, MasterCard and American Express- the agreement will be especially important to First Data Merchant Solutions customers in the travel, hospitality and entertainment sectors who service and supply international visitors to the UK. The Discover Global Network is comprised of Discover Card, Diners Club International, BC Global Card, DinaCard and Rupay.Details
Wincor Nixdorf completed fiscal 2012/2013 with year-on-year growth of 5% in net sales and a significant increase of 31% in operating profit (EBITA). In total, net sales generated by the supplier of IT solutions for banks and retailers in fiscal 2012/2013 amounted to €2,465 million (prev. year: €2,343 million), while EBITA rose to €132 million…Details
DataCash, a MasterCard Company, partnered with digital agency Tangent Snowball, to offer their existing clients the benefits of DataCash’s payment gateway. Tangent Snowball offers a unique range of services including bespoke enterprise e-commerce, built upon their open-source framework ‘Oscar’. Oscar is built for flexibility and is used in production by Tata Group, PepsiCo and Carlsberg amongst others. The new partnership with DataCash combines the passion from both companies to provide industry leading technology for online retailers. The collaboration will offer Tangent Snowball clients an enhanced ecommerce service through the DataCash payment gateway enabling a seamless, secure and inclusive payment experience which can be used across multi-channel platforms for both medium and large merchants.Details