Fiserv Upgrades Processing Platform

Fiserv made enhancements to its “Signature” bank platform for large to mid-tier U.S. financial institutions for extensive market and client input. Renamed “Signature 12.1,” the enhanced platform delivers solutions that enable banks to generate growth and improve efficiency. Advanced capabilities include the opportunity for financial institutions using Signature to: employ an enterprise level pricing strategy for all account types across retail, commercial and wealth management customer bases; expand and enhance commercial lending capabilities; and fight fraud and manage risk on the front line of their organizations. Upgrades involve Relationship Pricing and Analysis; an Onboard Advisor; and Commercial Lending for Signature 12.1. Other enhancements in Signature 12.1 include heightened efficiency in retirement processing.

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Boy Scouts Deploy VeriFone POS for Fundraising

The Dan Beard Council of the Boy Scouts of America is the latest to implement “SAIL” by VeriFone to improve troop fundraising efforts for its annual Popcorn Sale. The Dan Beard Council is distributing SAIL card readers to individual troop leaders who sign up for the program. Those troop leaders are able to instantly sign up for merchant accounts and to assign multiple users to the account so that parents of individual scouts can run card transactions on iOS and Android devices, as well as handle voided sales and refunds, without access to account administrator functions. Each troop leader will receive a free SAIL card reader that can be used across multiple devices that utilize the SAIL mobile app; troop leaders can also request up to 10 additional readers to distribute to parents.

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MCR Integrates GETI Gift and Loyalty Programs

My Clear Reports payments technology provider announced its MCR virtual business center has integrated gift and loyalty programs from Global eTelecom (GETI). MCR gives merchants anytime, anywhere access to the payment solutions, services and tools they want and need to help them manage and grow their businesses effectively from a single, integrated website and access to sophisticated custom reporting on payments data, as well as PCI compliance certification. An online marketplace offers ready access to merchant cash advances, online bill payments, prepaid business cards, and more to drive sales and facilitate money management. Customer Relationship Management (CRM) software for tracking, soliciting and communicating with customers via email and text messaging sales campaigns, plus business templates and forms, financial calculators, marketing tips, discounts on business and personal products and services are also part of the MCR integrated suite, with more capabilities being added on a frequent and continual basis.

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Diebold Acquires Internet Banking Company

Diebold is acquiring GAS Tecnologia, an Internet banking, online payment and mobile banking security company for undisclosed terms. GAS specializes in providing security solutions for Internet and mobile banking. These solutions aim to prevent various types of fraud, such as phishing, pharming and key logging. The company also offers its clients a security information database service – a consulting service that allows clients to stay up-to-date and educated on current threats in the industry.

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Discover Now Issued Through RSB

Discover Financial and Russian Standard Bank (RSB) extended their existing relationship to allow for RSB to become the exclusive partner for Russian issuance, acceptance and promotion of Discover cards, facilitating the first time Discover cards will be issued in Europe. This marks a new stage in the development in which Russian consumers will be offered Discover Discover is one of the largest credit card issuers in the US and a pioneer of cash rewards programs of the North American market.

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Fundtech Success Overseas with Payments Client

Fundtech global transaction banking solutions is working on Immediate Payments implementations with six financial institutions, all of which will implement its “Global PAYplus” on the Immediate Payments G3 system. They will ise “Global PAYplus – Services Platform (GPP-SP)” for their Immediate Payments G3 deployment, an advanced SOA (Service Oriented Architecture) Payments Services Hub that is able to deliver nearly 100% STP (Straight Through Processing) automation. Its rules-based design provides banks with the flexibility to streamline G3-specific real-time configurable workflows and adapt to future changes to the G3 payments scheme. Fundtech GPP has enabled Barclays to be the first bank to offer UK Faster Payments to its business customers.

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US businesses Now Process 15.5B Remittances Monthly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. businesses now process 15.5 billion remittances monthly with domestic and international trading partners, only 14% of which are sent simultaneously with payments, indicating businesses currently re-associate the remaining 13.3 billion remittances that are sent separately each month. For businesses, the timeliness of remittance information is the most important aspect of…

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Western Union Expands Intl Business Payments

Western Union Business Solutions launched its business-to-business service in for cross-border payment services in Chile, Cyprus and Jordan. In Chile, Western Union Business Solutions’ payment offerings will be provided by Chilexpress, a leading courier and logistics company with a presence in over 360 Chilean cities. Chilexpress has a strong customer base in a growing market that registers more than 140,000 SMEs. In Cyprus, Western Union Business Solutions will be introduced via GAP Vassilopoulos, a leading logistics provider with a strong SME client base while Western Union Business Solutions’ partner in Jordan is Kamal Exchange.

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Union First Market Bank Launches iPad Banking

Union First Market Bank launched its ‘Tablet Banking’ for the iPad through Intuit Financial Services. Allowing users to access a wide variety of mobile banking functions, the Intuit solution gives access to view account balances and account transaction history; funds transfer; to pay bills on the spot; locate nearby ATMs; and access to bank websites. A recent Intuit study1 of 50,000 mobile banking customers found that people using a combination of online and mobile solutions are 45 percent more likely to interact with their financial institution than those who only go online.

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Broadridge Conforms Trade Platform to Dodd-Frank

Broadridge Financial Solutions has enhanced its “PROactive Matching” platform to help financial organizations meet the new Dodd-Frank disclosure requirements for foreign exchange (FX) trade repositories. Requiring firms to identify individual FX transactions to new data repositories by using a Universal Swap Identifier (USI) that uniquely indentifies each trade, the Dodd-Frank requirement is now facilitated in “PROactive Matching.” It offers a highly efficient pre-settlement confirmation matching solution that offers a single point of control for the matching and management of multiple confirmation sources, such as FpML (XML), Web Portal, email, fax, paper and SWIFT messaging.

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WePay does a YouTube with new payments embed code

WePay online payment announced buttons that allow merchants to accept payments on their own sites without requiring them to write code or redirect their customers. It’s as easy as copy-and-paste. No Programming – If you can embed a YouTube video you can accept payments with WePay. It’s as easy as copy-and-paste. No Redirect – The entire checkout process takes place on your site. Your customers never have to leave. Just embed the button, and we’ll handle the rest. Simple Pricing – No setup, monthly, or hidden fees. Just 2.9% + 30¢ for credit cards and 1% + 30¢ for bank payments. ‘Add to Cart’ buttons let you sell multiple items; ‘Donate’ buttons help you raise money online; ‘Register’ buttons make event registration simple.

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