FIS Announces New Retail Banking Partner

FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations as part of a new strategic multi-year arrangement. With this, FIS will provide real-time core banking and back-office processing support via an outsourced model on behalf of the Bank. FIS will also deliver transition support as the bank moves its back-office services from Lloyds Banking Group to FIS. FIS’ integrated solutions will support the bank’s deposit, savings, loan and credit cards accounts, and deliver seamless channel integration to enable customers to access their accounts through telephone, internet and mobile devices. The entire operation will be hosted and run by FIS in the UK.

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Valitor Soft Runs mPayments Software

Valitor introduced new software for contactless payment and smartphone mobile payments in cooperation with Point electronic payment solutions. The new software allows merchants to accept payments via contactless Visa cards and also via smartphones where the credit card functionality has been implemented on the SIM card. This software is the first one in Iceland to offer this kind of technical innovation, and has been certified by VISA Europe and approved by the Visa PayWave standards. All acquirers and service providers that use the merchant POS terminals VeriFone Vx820 and Vx680 from Point can update the POS terminals with this software.

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NCR Announces New Regional Managing Director

NCR Corporation announced as part of the regional realignment of its management team, Navroze Dastur has been promoted to be the new managing director for NCR India, reporting to Jaivinder Gill who will now assume the role of Vice President – South Asia Pacific for Financial business. Navroze has been with NCR for the past seven years as the senior general manager for strategic alliance and payment solutions responsible for charting the company’s overall growth strategy for the payments business and partner alliances.

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Unemployment Continues Slow Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment was up 165,000 in April as the unemployment conversely dropped .10% to 7.5%. Having declined 0.4 percentage points since January, the unemployment rate is a reflection of the 11.7 million still unemployed, a 673,000 drop since January. Of this, the number of long-term unemployed (those jobless for…

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SecureNet Announces New VP, Products

SecureNet Payment Systems payment technology operating system announced Nish Modi has been named VP, Product. Bringing over 17 years of payment experience managing, designing and architecting products and systems, financial services and eCommerce industries, Modi was most recently at eBay. Here he led the strategic direction for consolidating all billing, invoicing and payments across eBay’s adjacent entities as Senior Manager Platform Strategy. Prior to eBay, Modi led product management strategy for First Data Corporation’s flagship Internet banking and business banking products.

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Alaric Launches New Secure Authorization Solution

Alaric fraud prevention and payments solutions is now offering its “myPinPad,” allowing cardholders to securely control the authorisation of payments via the entry of their PIN on touch-screen payment terminals, smart phones, tablets and online. The combination of myPinPad and Alaric’s Authentic solution for transaction processing delivers an end-to-end platform for mobile and online payments, with EMV-level security. This ensures secure processing of mag-stripe or chip cards and addresses the challenges of securely authorising card payments through its highly-scalable virtual EFTPOS and ATM platform, which presents the cardholder with a one-time virtual PIN pad – effectively moving the security elements of the transaction from the device and into the cloud. It ultimately mitigates risk and fraud protection and converts card not present (CNP) to card present with PIN transactions through a secure virtual PIN Entry Device (PED).

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Aeriandi Enlists Adapt on PCI Compliance

Aeriandi differentiated financial solutions selected Adapt independent managed services to support its business growth. Adapt will deliver critical infrastructure to support Aeriandi’s flagship offering, PCI Circle, which helps organisations meet compliance obligations quickly, cost effectively and securely. Aeriandi creates innovative technology that delivers superior business results for organisations across a number of industries. PCI Circle is Aeriandi’s team of highly experienced engineers, developers, consultants and managers that share deep expertise in delivering successful, PCI-DSS compliant solutions across every industry from multi-channel retailers to utilities, major high street banks and financial institutions.

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Datacard Group Presenting at the ICMA 2013 Card Expo

Datacard secure ID and card personalization solutions, announced its senior marketing manager will be speaking at the International Card Manufacturers Association (ICMA) 2013 Expo taking place on June 4-7, 2013 in Washington, D.C. The 2013 ICMA EXPO will feature a variety of presentations from different perspectives and address management and technical matters, industry trends, personalization and production issues, as well as new applications and marketing tips. Arredondo will be giving a presentation on “EMV and Mobile: A Case Study Convergence” on Thursday, June 6th at 2:00 p.m. This session will outline a recent mobile payments beta with a large U.S. issuer and how implementing an EMV structure in the U.S. will help enable overall adoption of contactless mobile payments.

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VocaLink Payment Service Hits Five-Year Mark

VocaLink is celebrating the five year anniversary of its Faster Payments Service, with 2.5 billion transactions securely processed since its launch in 2008. Against a tough economic backdrop, the service has flourished and real time processing is now the standard time for phone or internet initiated domestic UK payments. The Faster Payments Service is the largest real time payment system in the world that operates 24 hours a day, 7 days a week, offering direct customer initiation and almost instantaneous transfer of value to the beneficiary. VocaLink processes payments on behalf of the Faster Payments Scheme Limited. The service supports businesses and consumers alike with the ability to make immediate bank transfers.

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MasterCard Names European Commercial Head

MasterCard appointed Andrew Buckley Head of Commercial Products for Europe to lead the commercial team in Europe and delivering advanced commercial payments solutions to small businesses and large corporations and their employees. Andrew previously served as VP, Global Corporate Card Product Management at American Express. In his role, he was responsible for launching news products, such as Corporate Centurion, and new markets such as Russia. He was also VP, Global Corporate Marketing with American Express, where he drove the shift to digital acquisition. He also held senior Sales and Technology roles with American Express, in both the UK and USA. Prior to this, he was a consultant with PricewaterhouseCoopers, and before that held strategy, sales and marketing roles with major Telecoms and IT companies. This experience included the startup of Telco’s such as Cegetel in France and BT NIS in Japan.

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ANZ Deploys NCR Cash Recycling

NCR announced ANZ Bank New Zealand has embarked on Asia-Pacific’s biggest deployment of its next-generation teller cash recycler (TCR) to provide a friendlier, more engaging branch experience. The NCR Cash Recycler 11 quickly accepts and dispenses cash for teller staff, allowing them to focus their attention on the customer rather than counting bank notes. Also, by immediately securing all deposited notes in its safe, cash drawers and loose cash are eliminated from the teller counter, improving security. This has enabled ANZ to remove barriers within the branch, which have traditionally kept customers and staff on opposite sides of the counter. NCR’s next-generation recycler can cut these transaction times by up to 50 percent and allow tellers to focus on customer service and offering advice rather than bill counting.

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