TSYS Study Shows Consumer Payment Preference

TSYS made available its second annual nationwide primary consumer research study, the 2012 Consumer Debit-Payment Choice Research Study. Designed in conjunction with Mercator Advisory Group payments research and consulting the goal of the study was to provide a snapshot of current consumer behavior and attitudes toward debit, credit and emerging payment forms, as well as to gather both quantitative and qualitative information. More than 1,000 consumers who owned a debit card were surveyed on payment choice, perceptions of value, and what might influence them to change how they pay. Debit cards continue to be the preferred payment type for everyday purchases, driven in part by the desire of many to manage their money on a near-daily basis; Merchant discounts and offers are the most effective way to influence consumers to use a payment type more often; Awareness of alternative payment accounts and methods is high, and consumers’ overall understanding of and interest in mobile payments has advanced considerably since last year; and consumers continue to be focused on the security, ease of use, control and speed at check-out, and incorporating these features into new or expanded offerings will result in greater consumer adoption.

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LowellBank Partners NCR, Installs Video ATM Tellers

LowellBank is set to install NCR “APTRA” Interactive Teller at remote sites to give customers greater access to teller services. The new ATM-based technology from NCR Corporation (NCR) lets customers conduct transactions and other banking sales and services with a live, remote teller, who has complete control of the ATM. Supported by simultaneous video and audio connections, Interactive Teller can help customers complete 95 percent of the teller services that can be done inside a branch. NCR Interactive Teller will allow LowellBank to offer teller services well beyond traditional branch hours.

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USA Tech Partners Eaton, Expands Cashless Payment Market

USA Technologies wireless, cashless payment and machine to machine (M2M) telemetry solutions for small-ticket, self-serve retailing industries, has expanded its cashless payment and M2M services in the kiosk market with electric vehicle stations sold by existing customer, Eaton Corporation (“Eaton”). Eaton, whose AC Level 2 Electric Vehicle charging stations already include an option for USAT’s ePort® technology for secure, cashless payment acceptance, has recently added their new, high-powered DC Quick Charger to this cashless lineup. Its DC Quick Charger provides fast and convenient electric vehicle charging with the ability to charge a vehicle’s battery to 80 percent capacity in as little as 30 minutes. Using USAT’s ePort technology, Eaton’s latest DC Quick Charger now includes an option for magnetic credit card swipe acceptance and offers consumers the opportunity to pay through time-based intervals or a flat rate.

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Digital River World Payments to Partake in Money2020 Expo

Digital River, the revenue growth experts in global cloud commerce, announced that its Digital River® World Payments™ solution will be featured at the upcoming Money2020 Expo Oct. 22-24 in Las Vegas. Souheil Badran, senior vice president and general manager of Digital River World Payments, will share his views on new e-payments developments during the panel discussion, “Evolving Online Payments: No More Jumping Through Hoops to Pay Online…More Choice and Convenience to Rival Offline Payments.” This panel will highlight ways to drive online conversions and sales by focusing on consumers and their payment experiences.

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Visa Concludes Record-Breaking $109.1T 2011 Global Commercial Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa released its annual global Commercial Consumption Expenditure (CCE) index, showing global commercial spending reached $109.1 trillion in 2011 for a 12% growth over the year ago figure of the $97.4 trillion spent in 2010. This is also the first ‘CCE’ since 2004 indicating spending passed the $100 trillion mark. The…

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DBS Installs Wincor Nixdorf Cash Cycle Management

Development Bank of Singapore (DBS) is implementing Wincor Nixdorf’s Cash Cycle Management Solutions concept in its newly designed flagship branch. Equipped with 22 CINEO systems from automated teller safes to cash recycling systems, the new branch is to serve as a blueprint for the bank’s branch network. Wincor Nixdorf has helped DBS develop its new branch concept, implementing a customized model for automating cash processes at the counters and in the self-service zone. Automated teller safes with recycling functionality take over the time-consuming task of counting and verifying banknotes, significantly reducing the time required by tellers to perform these tasks at the beginning and end of their shifts. Wincor Nixdorf also provides IT services for DBS, comprising first and second line maintenance.

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Conference Board Consumer Confidence Index Up 9 Points in September

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Consumer Confidence Index, which had declined in August, improved in September. The Index now stands at 70.3, up from 61.3 in August. Meanwhile, the Expectations Index increased to 83.7 from 71.1 just as the Present Situation Index rose to 50.2 from 46.5 last month. Experts concluded the Consumer…

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Fundtech Launches tablet App

Fundtech global transaction banking launches its “CASHplus Mobile Corporate Banking” for Tablets as part of its “Triple Play” (desktop, smartphone, tablet) cash management product strategy. This lets banks offer corporate customers access to treasury services across multiple access channels with a consistent and integrated user experience that is right-sized for the device. The “CASHplus Mobile Corporate Banking” for Tablets gives corporate treasurers access to critical bank information and services so that they can manage their cash flow and make decisions anywhere, anytime with multi-channel access to treasury services. It also features Native iOS and Android app with optimized functionality for touch screen interaction and the ability for treasurers to access balances and transactions, wire approvals, ACH approvals, positive pay decisions and exceptions.

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Diebold Revises ’12 Sales Outlook

Diebold, Incorporated (DBD) announced preliminary 2012 third quarter revenue of approximately $710 million and earnings of $.27 per share, or $.39 on a non-GAAP* basis. The company has lowered its full-year outlook for revenue and earnings per share, now expecting total revenue growth of approximately 6 percent and full-year non-GAAP earnings of $2.25 to $2.30. This compares with previous revenue guidance of 6 to 8 percent growth, and non-GAAP earnings of $2.50 to $2.60 per share.

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Acculynk Appoints New Member to Board of Directors

Acculynk payments provider and “PaySecure” software-only service for Internet PIN debit payments appointed Mark Herrington to its Board of Directors. Currently Executive Vice President, Global Product Management & Innovation for First Data Corporation, Herrington brings to the board a wealth of experience. He joined First Data in 2007 as First Data was in the process of acquiring Money Network, which he co-founded in 2001. Mr. Herrington’s financial services experience includes prepaid, TeleCheck, e-commerce, mobile payments and merchant loyalty.

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Vietinbank Implements Core Banking System from FIS

FIS partnered Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) of Vietnam to offer its full core banking replacement for consumer, corporate and international businesses. Vietinbank selected FIS for its sophisticated and flexible core banking platform with FIS Profile as the main core banking engine, utilizing FIS TouchPoint® and Xpress® to deliver a comprehensive front-end integration for the bank’s branch, ATM and online services.

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MoneyGram Adds Rural Credit Union to Network

MoneyGram announced that its money transfer services at Rural Credit Union (RCU) Zhejiang are live at 96 locations in Zhejiang province of China. MoneyGram services are available to Zhejiang residents to send and receive money internationally in USD and Euros across 196 countries at participating RCU Zhejiang locations. According to the World Bank, China is the second-largest recipient of money transfers globally, with about $62 billion annually coming into the country.

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