MFI Hattha Kaksekar Implements BPC SmartVista

BPC Banking Technologies Open System e-payment solutions for the global financial industry, announces that Hattha Kaksekar Limited has gone live in production with the implementation of SmartVista – BPC’s end to end e-payments solution. Hattha Kaksekar implemented SmartVista to support the company’s business goals – delivering a wide range of products and services to customers across Cambodia, using a number of channels – including ATMs, POS devices and mobile phones. In addition to financial transaction switching for ATM, POS and mobile payments, SmartVista is being used as a fully-fledged card management solution supporting debit and local credit cards, prepaid and virtual cards. Hattha’s customers are now able to perform balance and mini statement inquiries, funds transfer, as well as remittance transactions on ATMs and POS devices. Mobile payment services are now available nationwide.

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YourCash Partners Evry IT Services

YourCash UK payment technology business offering ATMs and cash management solutions in the UK and Europe is pleased to announce its intentions to enter a new partnership with Evry, a leading Nordic IT-services provider. EVRY is the largest IT Company in Norway and the second largest IT Services company in the Nordic region, providing extensive technology services to Norwegian and Nordic companies, financial institutions, national public sector entities and health authorities. EVRY has developed a range of innovations that have transformed and simplified the way people access services across society including banking and payment services.

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GoCardless Launches Online Direct Debits Payment

GoCardless payments provider launched a new online Direct Debits payment tool to enable greater numbers of small and medium sized enterprises (SMEs) around the UK to collect variable one-off and recurring payments by Direct Debit. The GoCardless platform is steadily transforming the payments space by allowing any business or individual to tap into the Direct Debit network. The business has been making such payments available to SMEs since November 2011. It’s services have proved to be hugely popular, with transaction volumes growing by 40% each month since launch. The newly updated service makes Direct Debits even more flexible by allowing such businesses to adjust the monthly amounts customers pay. A wide range of businesses are expected to benefit – including those that rely on regular invoices such as accountancy firms, or subscription based businesses including day nurseries or gyms.

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DeviceFidelity Awarded NFC Patent

DeviceFidelity NFC and security platform provider obtained a total of 40 patents covering the innovative and streamlined product portfolio that empowers apps utilizing NFC (Near Field Communication) and security technologies. The latest edition to DeviceFidelity’s patent portfolio is Patent #ZL200880107195.2 which is now newly issued in China. The patent enables an NFC based mobile wallet implementation that uses a microSD Secure Element with credentials issued from multiple different enterprises. The growing portfolio is a testament to the company’s growing success in obtaining design wins with large providers in the payment, security, mobile identity and access management space. DeviceFidelity’s extensive portfolio of patents covers the implementation and management of NFC technology, security and unique miniaturization and amplification solutions on a removable module that can be attached to most smartphones. Patents such as “Interfacing transaction cards with host devices” cover the smart technology that allows for smooth integration of NFC microSD products into phones that already have NFC technology built-in.

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ACI Updates Issuer Software

ACI Worldwide payment systems announced its latest version of “ACI Issuer,” combating heightened regulation and antiquated systems to drive down the cost of issuing cards and managing customer accounts. Issuers can eliminate duplicate systems by issuing debit, credit, pre-paid and commercial cards as well as offering unsecured loans from a single issuing platform. Using ACI Issuer as a single platform also gives financial institutions a unified view of customers, accounts, payment types and transactions. A single view of the customer improves the ability of customer service representatives to respond to inquiries and resolve issues, increasing customer satisfaction.

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First Data Enhances Payment Solutions

First Data electronic commerce and payment processing enhanced its existing “VisionPLUS” payment solution with “VisionPLUS Flex” comprehensive software solution. Available for delivery to financial institutions as a server-based appliance on a single platform, the VisionPLUS Flex solution supports issuing and acquiring of credit, debit, prepaid, consumer and commercial cards for private label, American Express®, JCB, MasterCard® and Visa® global brands, as well as consumer loans. It also delivers an extensive range of payment services and value-added options such as multi-currency and multi-language capabilities, and allows financial institutions to easily configure the settings and options they desire within the product. Once purchased, financial institutions simply choose a VisionPLUS Flex configuration option and the capabilities they desire; the solution is then assembled with the appropriate hardware and software.

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ControlScan Partnership Features its PCI Compliance App

The P2 Customer Relationship Management (CRM) system by POS Portal will soon feature a PCI Compliance application by ControlScan. Created specifically for merchant acquirers, P2 CRM has been widely adopted across the payments industry. POS Portal and ControlScan are partnering to enable direct access to tried-and-true ControlScan merchant compliance services through the P2 App Portal. ControlScan’s payment security and compliance solutions are utilized by more than 120 acquiring banks, payment processors and independent sales organizations (ISOs) to educate and protect a total merchant base that exceeds 1 million businesses. Through its new, seamless integration with ControlScan, P2 CRM will give ISOs and acquirers real-time, single-source access to detailed merchant compliance information that includes each merchant’s status in the PCI compliance process, the frequency and content of their interactions with ControlScan support agents, and more.

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MoneyGram Launches Anti-Fraud Site

MoneyGram is warning consumers not to let scammers profit from tragedy by luring them to donate to fraudulent non-profit organizations following the Boston Marathon bombings. This type of fraud typically spikes immediately following national tragedies, with consumers losing an average of $824 when they fall victim to a fake charity scam. The organization may sound similar to a legitimate charity, and may even have a fake website that looks like an organization’s official site. As part of the company’s ongoing efforts to protect consumers from fraud, MoneyGram recently launched an enhanced version of its fraud prevention website moneygrampreventfraud.com – or Spanish website at moneygramprevenciondefraude.com – where consumers can arm themselves with information to prevent monetary losses to charity scams.

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Moneris & LightSpeed Launch Integrated mPayments

Moneris payment processor, and LightSpeed, software company, announced they have partnered to provide Canadian retailers with an integrated mobile payment management solution. Moneris openly engages and works with emerging technology companies to provide its merchants with seamless payment processing solutions and best in class card processing. Moneris will now deliver a secure, reliable payment processing system that integrates with LightSpeed’s point of sale and retail management tools. With this enhanced offering, LightSpeed’s Canadian customer base can take advantage of the platform’s ability to increase operating efficiencies, integrating the payment solution with back-office features such as inventory management and sales and order workflows.

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AmEx Posts 1Q/13 Revenue Demonstrating Growing Cardmember Use

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express posted 1Q/13 net income of $1.3 billion, up 2% from the year ago figure, while consolidated total revenues net of interest expense were $7.9 billion, up 4% from the $7.6 billion figure a year ago. With this, U.S. Card Services posted 1Q/13 net income of $804 million, up 7%…

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Vantiv to Oversee Anheuser-Busch FCU Payment Processing

Vantiv payment processing services and related technology solutions for merchants and financial institutions announced Anheuser-Busch Employees’ Credit Union (ABECU) enlisted its debit and credit processing services under a multi-year agreement. Vantiv makes debit and credit card issuing easy with its technology and account management tools. Allowing financial institutions to focus on expanding customer relationships and the growth of their portfolios, Vantiv also helps maximize cardholder touch points with its state-of-the-art mobile and online account access, and customized cards. The company’s 24-hour contact center provides around the clock support for cardholders who have questions or need assistance.

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