AnywhereCommerce mPOS Visa-Approved

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] AnywhereCommerce, a global payments technology provider, announced its ‘Walker’ (Walker-ES01) mPOS device has been approved for use with Visa cards by the Visa Ready Program. Through this designation, merchant services providers can confidently use the Walker appliance to the satisfaction of the Visa Ready program, which identifies technologies suited to handle…

Details

CardFlight Announces Major Investment

CardFlight which lets developers integrate in-person card payments into their own app raised $1.6 million in seed-round funding, led by ff Venture Capital, a New York-based venture capital firm that focuses on early-stage technology startups. While a number of payments startups are focused on online and e-commerce payments, CardFlight focuses on the 90% of credit card transactions that are ‘card present’ and happen in person. Additionally, CardFlight clients are typically vertical solution providers or large and medium-sized merchants, in contrast to companies that only provide closed mobile payment offerings that do not allow customization or white-labeling.

Details

Experian Partners ACI on Analytics

ACI Worldwide partnered Experian Decision Analytics to market Experian’s leading decisioning solutions to ACI customers and prospects. Experian’s analytics-driven decisioning enables effective and targeted customer application processes, robust portfolio management and streamlined collections and recoveries. Credit issuers using ACI Issuer, the company’s platform for issuing and supporting credit cards, paired with Experian’s solutions, benefit from an end-to-end offering that maximizes profitability throughout the life cycle of a consumer’s account.

Details

CARDFREE Announces Latest mCommerce Client

CARDFREE has been selected by SONIC® Drive-In as its mobile commerce platform. SONIC is the nation’s largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. CARDFREE is partnering with SONIC to create a unique mobile experience for SONIC customers, which will provide key standalone features as well as an integrated experience at SONIC locations. The SONIC mobile solution will be piloted later this year with expected system-wide deployment in 2014. CARDFREE’s award-winning commerce platform was designed to help merchants drive incremental visits, larger ticket size, tender preference and more meaningful consumer engagements. The company’s founding team members identified a gap in the market for a merchant-centric, omni-channel commerce platform and launched the company nine months ago to serve the large merchant market.

Details

Tyfone to Showcase mBanking Security Technology at Money2020

Tyfone will showcase The Connected Smart Card (CSC) technology at Money2020, combining both hardware and software for unparalleled security in mobile banking. Tyfone’s CSC delivers the proven solutions that are recognized by leading experts in the field of security. Tyfone will also feature partnership news at Money2020, involving top 10 credit unions adapting Tyfone CSC technology for layering mobile banking security, as well as exhibiting the latest P2P technology.

Details

FIS Intros EFTPOS Payments Hub

Reinforcing its position as a world leader in payments switching, FIS, the world’s largest provider of banking and payments technology, announced that it has been selected by eftpos to build its new Australian payments hub. The most commonly used debit card system in Australia is eftpos and it accounts for roughly 70% of the country’s debit card transactions. FIS’ global EFT switching platform will be at the heart of the new hub infrastructure, replacing Australia’s current bilateral networks and processing millions of eftpos transactions each day across the country. The eftpos payments hub will be operational in 2014. The payments hub aims to cut costs, reduce complexity and improve efficiency.

Details

Discover Spending Monitor Sees Moderate Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was up 0.7 points in September to 91.7, as consumer confidence in the economy slightly improved, but consumer spending intentions declined from the prior month. It showed those who feel the economy is getting better was up 2 percentage points to 30%, mainly driven by those…

Details

Fiserv Helps Mortgage Servicers with CFPB Compliance

Fiserv announced lenders and servicers can use its “LoanComplete” suite of solutions from Fiserv to help them maintain compliance with the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing final rules that go into effect on January 10, 2014, the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z). The “LoanComplete” life-of-loan suite helps lenders and servicers comply with complex government regulations while simultaneously reducing their loan-processing time and exposure by combining standardized workflow processing with enterprise content management and customized data analytics. Regulation X addresses servicers’ obligations to correct errors asserted by consumers who have home loans, comply with their information requests and provide protections from force-placed insurance. The rule also requires servicers to provide information about mortgage loss mitigation options to delinquent borrowers; to establish policies and procedures for providing them with continuity of contact with personnel capable of performing certain functions; and to evaluate borrowers’ applications for available loss mitigation options.

Details

The Beat Names AmEx Global Corporate Payments Top System

American Express Global Corporate Payments was named “Most Admired Payment System” by readers of The Beat, the BTN Group’s industry-leading business travel newsletter. This is the sixth consecutive year American Express has won the award, making it the only company to do so since The Beat’s Readers’ Choice Awards program launched in 2008. The 6th Annual Beat Readers’ Choice Awards were based on a poll conducted this summer, which asked readers of The Beat to choose which company in six supplier segments they most admire for its “policies, management style and service for business clients.”

Details

TNS and AJB Simplify Payments for Merchants

Large merchants across North America can now relieve the headache of operating a complex payments infrastructure while at the same time position themselves for future growth thanks to a new managed service solution from Transaction Network Services (TNS) and AJB Software (AJB). TNSPay Direct combines TNS and AJB’s industry leading capabilities to create a solution that provides merchants with improved control, enhanced security and greater flexibility over their card present and card not present payments environment. TNSPay Direct provides access to a dedicated and fully managed AJB Retail Transaction Switch (RTS), applying geographically diverse active/active data centers and backed by an industry leading Service Level Agreement (SLA). All processing activity takes place within the TNS Secure Payment Network, including routing and connectivity to the processors and acquirers of the merchant’s choice.

Details

FCCU Deploys NCR Tellers

First Community Credit Union (FCCU) added a new branch location in the HEB grocery story on FM 1488 in The Woodlands with the help of interactive video technology from NCR Corporation (NCR). FCCU is the first financial institution in Houston to deploy NCR APTRA Interactive Teller, the only ATM-based technology that not only lets people talk to a live remote teller but also gives the teller remote control over the machine to conduct transactions. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as intelligent deposit, bill pay and new account and loan initiation.

Details

mopay Inks Global Agreement with Telefónica Digital

mopay announced a carrier billing partnership with one of the world’s leading carrier groups Telefónica. mopay will be granted direct access to Telefónica’s billing platform, thus connecting mopay directly to the telco’s subscriber base worldwide. Consumers using mopay can purchase digital goods and services frictionlessly in nine countries where Telefónica Services are currently available and charge the purchases to their phone bill. The agreement with Telefónica Digital is another significant milestone in mopay’s global strategy. The integration of Telefónica’s billing platform not only elevates the consumer experience to a new level but also improves commercial agreements for mopay’s global merchant base. The integration is a valuable addition to mopay’s global carrier network, particularly for the emerging markets of Latin America where the ability to pay via a mobile phone with charge to mobile billing is very popular. The mobile penetration rates of more than 120% versus barely 50% for credit card penetration speak for themselves, and looking at the young demographics, the imbalance is even more significant.

Details