VeriFone NFC Services Make Eastward Expansion

VeriFone Systems partnered China Mobile and Bank of China to deploy managed services solutions for NFC payment and mobile marketing. Meanwhile, Shen Yang Badatong E-Commerce is equipping thousands of merchant locations with VeriFone NFC acceptance systems. This is the first implementation of VeriFone’s PAYMEDIA Mobile Marketing Platform (MMP) end-to-end solution that enables merchants, brands and third parties to launch highly targeted campaigns to mobile wallet subscribers. PAYMEDIA UAP enables Mobile Network Operators (MNOs) and wallet providers to easily download wallet acceptance applications directly to merchants’ point of sale systems and allows merchants to connect these apps to providers via VeriFone’s cloud-based gateway.

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VeriFone Acquires Two Payments Industry Distributors

VeriFone Systems announced an agreement with ANZ Bank New Zealand Limited to acquire EFTPOS New Zealand Limited (ENZ) along with an agreement with the Sektor Group of New Zealand to acquire its Sektor Payments operation. The acquisitions provide VeriFone comprehensive software, services and distribution resources to serve New Zealand with payment solutions and managed services, leveraging its Point payments-as-a-service platform. ENZ will continue to operate under its current branding, EFTPOS New Zealand, as a VeriFone company. Sektor Payments, which will operate as VeriFone New Zealand, boasts the largest reseller network that provides VeriFone payment solutions to merchants.

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MasterCard to Launch Refined Consumer App

MasterCard Worldwide partnered Far Eastern International Bank (FEIB) and National Credit Card Center (NCCC) to launch MasterCard inControl consumer app, letting users control how, when and where a MasterCard account may be used when shopping online. The MasterCard inControl service platform employs cardholder-controlled functions, including Authorization Control, Dynamic Virtual Card Number, and Alert & Notification. The platform will give cardholders the ability to generate a series of virtual card numbers with their preferred purchasing amount limits, based on their various shopping requirements, without worrying about exposing their real card numbers on the internet. It offers Authorization Control; Dynamic Virtual Card Number-a 16-digit virtual credit card number generated by MasterCard inControl system; and Alert/Notification to automatically alert cardholders when the consumption exceeds the amount limit.

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November Delinquency Rate Regains Lost Ground From October

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After 12-months of straight improvement having snapped in October, Fitch’s 60+ Day Delinquency Index made up ground and improved one basis point (bp) to 1.70% in November. With this, late payments are down more than 26% year-over-year- the second lowest rate in any given month since the inception of Fitch’s index…

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Fiserv Announces Annual Holiday Giving Accomplishments

Fiserv financial services technology solutions assimilated offices to donate over 16,000 pounds of food to Feeding America and the Global FoodBanking Network, which partner directly with local community food banks. Fiserv associates also raised over $76,000 to help the Mid-Atlantic and Northeast regions of the U.S. begin to rebuild after the devastation of Hurricane Sandy, which the company then matched dollar-for-dollar, up to $50,000, which resulted in more than $126,000 going to the Red Cross for Hurricane Sandy relief efforts. Fiserv associates nationwide also collected toys for the annual December Toys for Tots toy drive at Fiserv.

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CorFire Integrates PayPal for mCommerce Services

CorFire mobile commerce business of SK C&C USA integrated PayPal “Checkout, “Mobile Express” and “PayPal Here” to advance the adoption of mobile commerce services. CorFire will work with PayPal to bring large merchants and their services including mobile closed-loop cards, offers, and loyalty programs into the PayPal’s mobile app. For merchants, this means being able to deploy their own mobile app including PayPal services and at the same time being part of the PayPal mobile app.

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Panini appoints New CEO

The Panini Board of Directors announced John O’Malley is the new CEO. O’Malley most recently served as CEO of Memento, acquired by FIS, where he led the development and delivery of next generation technology solutions for bank management and mitigation of fraud. Prior to Memento, Mr. O’Malley was President and CEO of Harland Financial Solutions. He has also served in senior executive positions with Fiserv and Hogan Systems (now part of Computer Sciences Corp).

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Geldservice Nederland Implements Fiserv Technology Platform

Fiserv announced Geldservice Nederland will implement its cash and logistics technology platform. Namely, GSN has selected a suite of Cash and Logistic Solutions from Fiserv including Integrated Currency Manager, Device Manager, Performance View and MatchPoint. These will enable GSN to optimize currency supply chain management for its clients, including robust capabilities for cash management, incident and event management for self-service devices such as ATMs and in-branch deposit and cash recycling machines, vendor management and business analytics.

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Wincor-Nixdorf RS2 Asia Partner on ATM Protocol

Deploying Wincor-Nixdorf Standard IFX protocol and RS2 Asia’s Card Management System – bankworks deployed the Wincor-Nixdorf “ProCash2000xe FL” and “ProCash280” ATMs. IFX is a content rich, well-designed financial messaging protocol built by financial industry and technology leaders with decades of combined experience, which has been indorsed by numerous financial institutions globally to better serve their customers using self-service channels.

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VeriFone Posts 4Q/12 Net Revenue Up 4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced its fiscal 4Q/12 organic non-GAAP net revenues up 4% from the year-ago quarter. Its North America Organic non-GAAP net revenues were also up 22% both unadjusted and at constant currency, while international Organic non-GAAP net revenues declined 3% from the year-ago quarter but increased…

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MasterCard Announces Minority Investment in C-SAM8

C-SAM m-wallet and MasterCard announced a global strategic partnership, as well as a minority investment by MasterCard. C-SAM provides the end-to-end infrastructure required to operationalize a mobile wallet. This includes back-end management infrastructure, software development kits and on-device software that support secure proximity near field communications (NFC), bar code, QR code and cloud-based transactions. Leveraging the MasterCard digital payment infrastructure including PayPass Wallet Services, C-SAM will be able to significantly enhance its current offering.

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