Jack Henry Adds RDC to mBanking App

Jack Henry & Associates payment processing services announced its app-based iPhone and Android versions of the “goDough” m-banking has added remote deposit capabilities provided by its Remote Deposit Anywhere (RDA) solution. The “goDough” solution offers WAP, SMS, or app-based mobile banking through 610 banks and credit unions have selected. It is currently supporting 99 mobile service carriers. It supports traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing; and accommodates all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit. Checks are photographed using smartphone and tablet cameras or scanned using flatbed scanners, converted into electronic transactions, and processed through the ACH or Check 21 image exchange networks.

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Paylevel Deploys Visa Chip Rules on its mPOS

payleven mobile payments unveiled the first pan-European Chip & PIN Mobile Point of Sale (mPOS) solution for smartphones and tablets and confirmed its device is fully enabled to accept Visa credit and debit cards. payleven is the first full Payment Service Provider (PSP) with a Chip & PIN solution and has invested significant time and energy to bring to market a solution which is low-cost, convenient, mobile and secure. Its new device is able to process both Chip and magstripe transactions and also supports PIN. It provides full end-to-end encryption of transaction data, is fully EMV-certified and is Europe’s first mPOS card reader from a full PSP to be certified to the highest PCI level – PCI PTS 3.1.

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Skrill Completes Acquisition of paysafecard

The closing of the acquisition by Skrill of paysafecard.com Wertkarten prepaid payments business. As the European market leader in prepaid online payment, the acquisition of paysafecard represents a hugely significant step forward for Skrill, expanding its position as one of the world’s largest digital wallet providers. paysafecard’s products allow payments without a credit card or bank account at more than 4,000 online stores and more than 450,000 sales outlets in 33 countries across Europe, North America and South America. In 2012, it processed more than 55 million transactions.

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NCR Keeps Momentum, Posts 4Q/12 Revenue Up 3% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR Corporation posted a 4Q/12 revenue of $1.64 billion, up 3% from 4Q/11 ad non-GAAP income from continuing operations of $181 million, compared to the year ago figure of $173 million. NCR’s Financial Services segment generated fourth quarter revenue of $912 million compared to $908 million in the fourth quarter of…

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PCI Security Standards Council Establishes Guidelines

The PCI Security Standards Council (PCI SSC) Participating Organizations selected cloud computing as a key area to address via the SIG process. More than 100 global organizations representing banks, merchants, security assessors and technology vendors collaborated on this guidance designed to help companies identify and address the security challenges for different cloud architectures and models, and understand their PCI DSS responsibilities when implementing these solutions. The PCI DSS Cloud Computing Guidelines Information Supplement builds on the work of the 2011 Virtualization SIG, while leveraging other industry standards to provide guidance on Cloud Overview, PCI DSS Considerations and PCI DSS Compliance Challenges, along with Additional Security Considerations.

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LevelUp and ShopKeep POS Partner on m-loyalty platform

ShopKeep POS iPad POS solution for small businesses partnered LevelUp mobile loyalty payment to introduce its integrated mobile payments processor and build loyalty right from the store’s POS system. This lets merchants ring up sales and accept LevelUp payments right from their ShopKeep POS iPad register without switching devices. ShopKeep POS consolidates the LevelUp transactions with all other transaction information into one simple report that can be accessed anywhere. Merchants benefit from LevelUp’s 0% payment processing fees, and can participate in loyalty programs to retain customers.

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MasterCard Advisors Partners Data Analytics Firm Mu Sigma

MasterCard Advisors and Mu Sigma decision sciences and analytics firms partnered, combing their aggregated and anonymous purchase behavior insights with advanced analytics and expertise, respectively. MasterCard Advisors and Mu Sigma will jointly develop innovative analytic products to enable companies of all sizes to successfully solve their business challenges – like acquiring customers and increasing customer loyalty. With this, MasterCard has acquired an equity stake in Mu Sigma for undisclosed terms.

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Fifth Third Bank Launches mDeposit Service

Fifth Third Bank announced the introduction of mobile deposit functionality for iPhone and Android users. After customers update their Fifth Third Bank, they will then choose the “Deposit Check” icon, take a photo of the front and back of the check, choose the account to deposit the check and confirm the amount. A confirmation will display once the item is accepted. Fifth Third launched mobile banking in 2009 and now offers customers the ability to view account balances and transaction history, pay bills, transfer money between Fifth Third Bank accounts, locate the nearest Fifth Third Banking Center or ATM and make check deposits.

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MoneyGram Posts Good News on FY & 4Q/12

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram posted FY/12 total revenue was $1,341.2 million, up 7% from the year ago figure. Meanwhile, total fee and other revenue increased 8% to $1,328.6 million from $1,230.9 million in the prior year and money transfer transaction volume increased 14%. This volume increase was thanks to an 18% growth in sends…

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eLayaway Renews Payment Agreement with Minnesota Vikings

The Minnesota Vikings extended their agreement with eLayaway to process their 2013 season ticket renewal program for their fans for the 5th consecutive year. This makes it possible for Vikings’ fans to use layaway to pay over time for their season ticket renewals. Season ticket holders can choose to have the payments automatically drafted from their checking accounts or pay cash at any MoneyGram location. eLayaway’s intuitive calculator lets the user set their payments for monthly, bi-weekly or weekly withdrawal. The Vikings can continue to offer a layaway payment option that makes season tickets easier to afford for fans; automate the collection of payments for a seamless payment process; increase management efficiency while eLayaway offers FREE Customer Service; and realize reduced transaction fees as compared to credit card processing.

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Lufthansa Airlines Implements Citi Prepaid Mastercard

Mastercard and Citi have enhanced the agent loyalty program offered by Lufthansa German Airlines, called “eXperts.” Designed for agents who sell international travel, not only keeps members informed about Lufthansa’s latest products and services, eXperts members also benefit from exclusive fares, perks and privileges. The reloadable pre-paid cards by Citi is the latest innovation for eXperts members, making the eXperts Agent Loyalty Program now much more user-friendly and allows agents to quickly redeem their loyalty rewards. The new card-based solution is set to be rolled out by Lufthansa to eXperts members in Hong Kong, Singapore and Australia, with future plans to extend to Malaysia and the Philippines. Citi Prepaid Services, a division of Citi Transaction Services, provides customizable prepaid card solutions for companies looking for more effective and convenient ways to deliver key payments, including customer incentives, consumer rewards and rebates and sales commissions. For the recipient, a prepaid card offers convenience and flexibility compared to paper-based delivery methods.

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Standard Chartered Announces Mobile Ventures Program

Standard Chartered Bank signaled its ongoing commitment to talent development in financial services technology by announcing the 2013 Mobile Ventures Fellowship (MoVe) program, initiated as a part of the Infocomm Development Authority of Singapore’s (IDA) Company-Led Training Programme (CLT). Standard Chartered announced another 10 traineeships for young Singaporean technopreneurs (MoVeRs) in mobile banking technology. This is intended to expose MoVeRs to the financial services industry and spur their creativity in designing and developing next generation mobile banking services for the Bank’s customers.

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