Euronet Expands Independent Euro ATM Network

Euronet Worldwide added Spain and Italy to its portfolio of Independent ATM Deployed (IAD) networks, its first IAD network deployments completed without a sponsor bank and expands Euronet’s position as the fastest growing and most geographically diverse Independent ATM Deployer in Europe. This also marks Euronet’s first EFT presence in these countries which were made possible by the European Payment Service Directive (PSD) e-money license granted to Euronet in 2011. The combination of the PSD license, together with approval for direct membership with Visa and MasterCard, allow Euronet to acquire ATM debit and credit card transactions without the requirement of a sponsor bank. Market entry into Spain and Italy brings Euronet’s IAD presence 10 European countries, including: Spain, Italy, Romania, Greece, Croatia, Poland, Germany, Czech Republic, Ukraine and Bulgaria.

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Little Change in Unemployment Coincides with Debt Drop

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%. Meanwhile, payroll employment was up a mere 96,000 employees in August as the unemployment rate maintained its stagnant 8.1%, where it has held the narrow range…

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Barclays US Deploys FIS Core Platform Processing

FIS announced Barclays has deployed FIS’ “Profile” core account processing solution to support the launch of the bank’s new online savings and CD products for U.S. consumers. This offers a turnkey solution with real-time account processing and online account origination, enabling the bank to provide customers with a seamless and secure experience in account opening and ongoing service. Deploying Profile will enable Barclays to provide competitive products and solutions to its U.S. customers, including high-yield certificates of deposit (CDs) and high-yield savings accounts.

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Q2ebanking names New CFO

Q2ebanking electronic banking solutions for banks and credit unions throughout the U.S. naked Mark E. Johnson chief financial officer. Responsible for managing all aspects of the company’s finance, human resources, legal and compliance departments, Johnson will provide leadership and guidance to Q2ebanking’s parent holding company, CBG Holdings Inc. Johnson was the CFO for SumTotal Systems, a Strategic Human Capital Management (HCM) software company providing cloud-based solutions to manage the full employee lifecycle. He was also vice president and business unit CFO at BMC Software, a leader in Business Service Management solutions, where he was accountable for all financial aspects of an $800 million business unit, providing leadership as it achieved its short- and long-term financial objectives.

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Inside Secure and TazTag Launch NFC-enabled Android Tab

Inside Secure and TazTag launched the “TazPad V2” seven-inch Android 4.0 (aka Ice Cream Sandwich, or ICS) tablet computer. Available now from TazTag, the “TazPad” tablet combines the EMVCo-certified secure near field communication (NFC) capabilities provided by the INSIDE Secure SecuRead(R) NFC module and Open NFC(TM) protocol stack with biometric authentication capabilities and an extensive array of wireless connectivity technologies to enable solution providers to efficiently support a variety of commercial, professional and consumer mobile applications. The TazPad uses the EMVCo-certified secure element of the SecuRead module to securely store fingerprint images, which can then be compared to those gathered through the built-in fingerprint scanner for authentication purposes.

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MasterCard Launches PayPass Software Development Kit

MasterCard launched its “Mobile MasterCard PayPass User Interface Software Development Kit” (UI SDK) for Android and BlackBerry OS 7 mobile OS. This helps issuers, mobile network operators and third party developers rapidly build innovative new mobile applications that give consumers the speed and convenience of PayPass Tap-and-Go contactless payments – directly from their smartphone. MasterCard is providing a programmer-friendly set of functions that make it easy for application developers to rapidly deliver payment apps to consumers – without having to become smart card programming experts.

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Silicon Valley Bank launches SME payment platform

Silicon Valley Bank released SVB “PayAbility” online and mobile payments service. Co-developed with MineralTree, SVB PayAbility integrates easily with accounting systems like QuickBooks and allows businesses to save time, streamline processes and enhance the security of their payments function. SVB “PayAbility” addresses a gap in payments services available for small and medium-sized businesses and streamlines communication and offers multiple payment options, such as ACH and checks, and innovative documentation management capabilities.

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Etisalat Nigeria Launches mWallet solution

Allowing users to pay bills and send remittance, the Etisalat Group launched its mobile wallet solutions with “state of the art” ISO-1 compliant security features. Etisalat’s mobile commerce application is a fully functional mobile wallet that offers a full range of mobile banking and transaction services. It will provide millions of people with access to banking for the very first time. Etisalat’s Mobile Commerce service is developed in-line with its strategy of including un-banked and under-banked customers into the regulated financial services space, enhancement of financial transparency and expansion of financial transaction channels. This service will provide millions of people with access to banking for the very first time.

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Citi and CGI Partner on Sepa Direct Debit

Logica and Citi, through its Transaction Services division, announced a strategic alliance to provide CGI’s Logica Mandate Management service (LMM) to Citi’s institutional client base in Europe. LMM complements Citi’s SEPA Direct Debit offering, allowing clients to be ready in time for when the various domestic Euro direct debit schemes across the Eurozone are replaced by the SEPA Direct Debit schemes on 1 February 2014. CGI’s LMM is a comprehensive platform designed to help corporate easily migrate to SEPA direct debits. It converts legacy mandates into SEPA Direct Debit compliant mandates and manages their full-lifecycle, including collections, in line with the SEPA rule books.

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Belgian SEPA Migration Nearing Completion

Belgian SEPA migration sees the publication of the fourth progress report on the migration towards completion. This brings together all economic stakeholders concerned, namely leading representatives from the public sector, the banking sector, businesses and consumer rights associations. It organizes the social dialogue on the subject of SEPA and provides encouragement for its introduction in Belgium. Following on from the three previous reports, this latest progress report describes the progress made to date. Additionally, The Bancontact/Mister Cash (BCMC) national debit card system is being adapted to the SEPA standards, and the Belgian payment card market is now completely opening to card issuers and payment card system operators.

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Outstanding Revovling Credit Down 6.8%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%, according to the Federal Reserve. Down from the June figure of $855.5 billion to $850.7 billion, outstanding revolving US consumer credit compares to the year ago…

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Barclaycard US Adds Google Wallet

Barclaycard US will promote mobile and online commerce by encouraging its cardholders in the U.S. to save their card to Google Wallet which enables consumers to securely and easily shop online where they see the ‘Google Wallet Buy’ button or in-person using the Google Wallet mobile app. Consumers who use their Google Wallet with their Barclaycard account will receive all the benefits and rewards they typically receive when using their Barclaycard – as part of a new, simple and easy-to-use experience.

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