VocaLink Announces Senior Appointments

VocaLink payment provider announced Nick Millar joins as Strategy and Customer Insight Director, Jim Wadsworth as Product Development Director and Phil Harrison as Commercial Director, Alternative Payments. With 20 years’ experience, Millar joins VocaLink from Visa Europe, where he was Head of Strategy. In his new role, Nick will lead the Strategy and Customer Insight team, developing VocaLink’s corporate strategy to maximise the value of core infrastructure capabilities and support emerging payment models. Wadsworth brings over twenty years’ experience working with market leaders in the payments sector and joins VocaLink from Accourt, where he led its mobile and digital payments practice and advised a wide range of international clients. Harrison joins the company from Clairmail Mobile Solutions where he was Managing Director for EMEA, bringing with him more than 25 years’ experience in retail banking and payment technologies.

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SelectCore Introduces Online Bill Payment Solution

SelectCore prepaid payment solutions launched its new online bill payment service, designed to allow consumers to pay their bills quickly and easily with their prepaid stored-value card account. SelectCore is now opening up a new market for online bill payment, bringing this valuable financial tool to underbanked consumers who do not have access to traditional banking. Cardholders including government beneficiaries will be able to safely and conveniently pay their bills any time of day from anywhere online. The service supports online payments to thousands of payees including utility companies, cable providers, telecom carriers, landlords and more.

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Credit Agricole Deploys Ingenico Contactless Technology

Crédit Agricole is the first bank in Portugal to use contactless payment technology, having incorporated Ingenico technology into its cards and is in the process of renewing its payment terminals. Some 200,000 contactless cards have been issued and 1,500 Ingenico payment terminals have been installed as part of the first phase of the project to reach 600,000 contactless cards and 5,500 terminals by the end of 1Q/13. Users will now be able to perform small transaction by holding the card up close to the payment terminal.

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FIS and ANZ Complete Core Bank Migration

FIS banking and payments technology migrated ANZ New Zealand’s core bank system onto a single FIS core platform. In 2003, ANZ acquired National Bank of New Zealand and has been running the two organisations on separate platforms since the acquisition, for which it was required to migrate away from the acquired brand and decided to consolidate onto the FIS platform in use within the National Bank of New Zealand. AU$46 billion of funds were moved, along with nearly three million customer records accounting for current deposit accounts, credit card and loan accounts.

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Card APRs Buck the Trend in January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs have held the course for the shopping season and into January at a steady 14.98% average. Slightly higher than the 14.95% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in October and hardly…

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NCR and PayPal Partner on mPOS

NCR and PayPal partnered to integrate PayPal mobile payment options into the recently announced NCR Mobile Pay application and NCR Aloha Online Ordering. NCR Mobile Pay enables restaurant patrons with a smartphone to browse their bill, re-order menu items, alert their server, complete surveys and pay. PayPal appears as a payment option and allows consumers greater choice for secure payments alongside credit or debit card options. Consumers will also be able to use the PayPal mobile application to locate and “check in” at participating NCR Mobile Pay merchants to access the same functionality. Also PayPal integration gives C-Go users another easy option for paying at the pump or inside stores with their smartphone while also providing stores with valuable opportunities for targeted up selling and promotions. NCR and PayPal plan to enhance NCR’s Netkey Endless Aisle application with PayPal integration to speed up the consumer checkout process for consumers using the solution for online shopping and to integrate NCR’s Advanced Marketing Solution (AMS) loyalty and offer management system with the PayPal digital wallet.

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WorldPay Partners Discover on In-Store PayPal

WorldPay US partnered Discover Financial Services (DFS) to enable WorldPay’s customers to accept PayPal In-Store Checkout at the brick-and-mortar locations of participating merchants. WorldPay’s customers will be among the first US businesses able to accept PayPal’s innovative new mag-striped card that extends the speed, simplicity and security of the digital wallet already enjoyed by 50+ million active PayPal customers online to the face-to-face payment transaction. WorldPay customers will be able to begin accepting PayPal at the point of sale in the Spring of 2013.

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Motorola Partners, Deploys mPOS

Motorola Solutions is working with Best Buy Canada and Future Shop enterprise mobile POS solutions. Best Buy Canada and Future Shop are leveraging new mPOS applications coupled with devices, like Motorola’s ET1 enterprise tablet, to empower their retail associates to help customers from the beginning to the end of their shopping experience. Associates can handle more tasks, manage purchase transactions from anywhere in the store and in the future, plan to leverage omni-channel retail strategies like having out-of-stock items shipped to customers’ homes or stores to meet their needs more effectively.

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Wincor Nixdorf Announces Board Changes

The Supervisory Board of Wincor Nixdorf AG has appointed Jens Bohlen (50), currently responsible for the company’s IT Services business, to the Board of Directors, effective from January 1, 2013. Meanwhile, the Supervisory Board has announced its decision to appoint Olaf Heyden (49) as an additional member of the Board of Directors. This appointment will take effect at a date yet to be determined. As a result, the Board of Directors of Wincor Nixdorf AG will in future comprise CEO & President Eckard Heidloff and CFO Dr. Jürgen Wunram as well as Jens Bohlen and Olaf Heyden.

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Prime Card Chargeoffs Hit 6 Year Low

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch prime credit card chargeoffs dropped below 4% for the first time since 2006 to 3.98% in December. The 18 basis point (bp) decline in chargeoffs is thanks to declining bankruptcy filings delinquencies throughout 2012 while chargeoffs dropped an astounding 29.43% since the end of 2011. Meanwhile, late stage delinquencies increased…

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Wells Fargo Names Head of EMEA Global Banking

Wells Fargo announced Joe Saffire has been appointed head of its Global Banking operations in Europe, Middle East and Africa (EMEA). In his London-based role, Saffire will focus on growing the global banking business throughout the region as Wells Fargo expands its international services for U.S.-based commercial and corporate customers doing business in Europe, and for European companies with operations in the U.S. The Global Banking division provides financing options, risk and treasury management solutions, and trade finance services to middle market and large U.S. and foreign owned companies. Saffire spent 20 years with HSBC where he was most recently chief operating officer and head of international banking in Germany. A native of Buffalo, New York, Saffire received his bachelor’s degree from Boston College and an M.B.A. at the University of Buffalo.

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