Agilysys Announces Software Suite Expansion

Agilysys hospitality software solutions announced that Indigo Sky Casino and Hotel selected its software suite. This includes solutions for property management, POS and inventory and procurement. It will implement its Lodging Management System comprehensive property management solution that automates every aspect of hotel operations, InfoGenesis POS software system that combines powerful reporting and configuration capabilities in the back office with an easy-to-use touchscreen terminal application and Stratton Warren System, a full-featured inventory and procurement solution that maximizes purchasing power and reduces operational costs.

Details

SelectCore Announces New CEO

SelectCore prepaid payment solutions announced a strategic restructuring of its executive management whereby Kevin Taylor, Director of the Corporation, will assume the role of Chief Executive Officer. Meanwhile Keith McKenzie and Ryan Deslippe will remain as President and Executive Vice President, respectively. Taylor brings more than 20 years of leadership experience having held senior-level positions in the Latin America and Caribbean market including heading up Nortel”s carrier and wireless groups from 2000 to 2008. He holds a Bachelor of Engineering – Science degree from the University of Western Ontario. In his new capacity, he will focus on delivering sustained growth, profitability and raising the profile of SelectCore on a global scale with increased public awareness.

Details

Diebold Board Elects New Chairman

The Diebold board of directors elected Henry D.G. Wallace chairman of the board, who’s been a member of the Diebold board since 2003. Wallace is a former group vice president and chief financial officer of the Ford Motor Company. Wallace experience as group vice president for Ford’s operations in the Asia Pacific region and as president and CEO of Mazda Motor Corporation is extensive. During his 30-year career at Ford, he also held numerous positions in finance and general management at Ford’s operations in the UK, Germany, United States, Mexico, Venezuela and Japan. Wallace received a bachelor’s degree in economics from the University of Leicester in England.

Details

Chase Sapphire Preferred Hosts Sundance Premiere Party

Chase Sapphire Preferred premier travel rewards card hosted the premiere party for Touchy Feely at the 2013 Sundance Film Festival. Touchy Feely writer and director Lynn Shelton attended the celebration and walked the “Sapphire blue” carpet with cast members. Hundreds of Chase Sapphire cardholders and VIP guests toasted the film premiere and met the cast at the exclusive celebration. As a presenting sponsor of the Sundance Film Festival for the third year in a row, Chase Sapphire offered cardholders custom packages with insider access to exclusive events, people and films at the Festival. Cardholders enjoyed invite-only VIP parties, access to an exclusive Chase Sapphire Box Office priority ticket line, complimentary film screening tickets, festival credentials and coveted seats at ChefDance dinners with world-renowned celebrity chefs.

Details

PayLane Announces Global Expansion

PayLane has expanded its footprint internationally to businesses, allowing accepting online payments in 160 currencies from over 50 countries. They can now offer their customers alternative solutions typical for specific regions, like Sofort banking in Germany, Austria and Switzerland, wire transfers in Poland, Dankort in Denmark, Carte Bleue in France or iDEAL in the Netherlands. Also directed at shops that use e-commerce platforms, PayLane plugins e-shops built on Magento, OpenCart, osCommerce, Zen Cart, PrestaShop or Wordpress can easily integrate with the payment system. PayLane has also launched DevZone – a site for developers, which shows how the technical side of integration with PayLane looks like.

Details

Fundtech Announces Hosted Global CashPlus

Fundtech transaction banking solutions launched a hosted version of “Global CASHplus” (GCP) cash management solution. The On-Demand service will allow banks to reduce the costs of hardware, installation, maintenance and manpower while focusing on their core competencies and growing their business. The GCP On-Demand is designed for mid- and small-tier banks looking to offer standardized cash management services such as balance and transaction reporting, payables, receivables and financial supply chain to their corporate customers. This is an extension of GCP, Fundtech’s market-leading cash and treasury management solution offered by banks to their corporate customers. Fundtech operates as an application service provider in North America for payments and cash management services and, through its BBP subsidiary, operates the world’s largest SWIFT service bureau supporting more than 250 clients.

Details

Younger Consumers Prefer Cash/Debit to Credit

Younger consumers are showing a preference for debit cards and cash as their main method of payment over credit, according to Auriemma Consulting Groups (ACG). Debit card usage has become an ingrained habit in younger consumers, as the recession and tightening of lending standards left them unable to obtain credit that fully meets their needs. 44% of younger consumers said they had no interest in using credit cards as their main method of payment. All consumer segments are showing preference to cash because they perceive it to be more convenient than alternatives.

Details

Nationwide Solution Hits 3mm ATM Transactions Milestone

Nationwide Building Society hit 3 milllion transactions for its ‘favourites’ ATM function to save its customers time. Having collaborated with i-design Group to help make repetitive ATM transactions quicker and easier with an automatic favourites option, the Nationwide function will save customers time and energy when using an ATM has been rolled out across the Society’s entire ATM estate of over 2,000 machines. Customers will be presented with their most used transactions automatically once they have entered their pin and adapts to a customer’s changing transactional habits.

Details

Card Penalty Fees Soften Again in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down from$23.9B to $22.5B, with 2011 showing a further drop to $19.4B, and 2012 dropping again to $17.8 B, according to the R.K. Hammer…

Details

Compass Plus Posts HP Benchmark

Compass Plus electronic payment solutions and retail banking systems has completed scalability and performance tests on HP servers for their “TranzAxis” Open Development Banking Platform. A specialist, integrated platform created for the development and support of cards and payments, transaction switching, retail banking and other systems and applications in the domain linked to the automation of retail banking activities, “TranzAxis” was tested through a simulated issuing and acquiring setup that required it to drive 20,000 terminals (10,000 ATMs and 10,000 POS devices). TranzAxis also acted as an issuing system that included 10 million accounts with overdrafts and 10 million cards linked to them. The platform reached a sustained peak of 1066 transactions per second (TPS) during testing and remained stable at that high capacity.

Details

Commerce Bank Launches Chip Visa Signature Card

Commerce Bank made available to its Visa Signature Credit Card holders more convenience and safety when traveling, launching the chip-enabled Visa Signature Credit Card. Embedded with a Europay, MasterCard and Visa (EMV) microchip, the card provides greater acceptance at international merchants where chip card terminals have become the standard. The chip-enabled credit card includes elements that offer each transaction an additional layer of security for regular purchases in stores as well as those made at unattended terminals such as automated ticket dispensers commonly found in European train stations.

Details