ACI SwiftReady Accredited

ACI Worldwide (ACIW) payments systems announced ACI Money Transfer System has received the SwiftReady payments accreditation for the fifteenth consecutive year. Also, its ACI Global Trade Manager achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row. SWIFTReady accreditation for payments recognizes that ACI’s Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label, received by ACI Global Trade Manager, is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the Bank Payment Obligation or BPU.

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PAYBOX from VeriFone Drives mOrders to McDonald

VeriFone Systems’ Point Group is providing key payment services for the GoMcDo online mobile ordering system. McDonald’s selected Point’s PAYBOX Services offering to process payments for its GoMcDo pre-order service. The GoMcDo app for mobile phones utilizes the PAYBOX gateway service, so that consumers can place their order and enter payment information or access stored payment information from the app, then go to the specified McDonald’s location and complete their transaction at an unattended device where they receive a ticket for fast-track food pickup. PAYBOX Services provides a secure platform for processing electronic payments from a range of sales channels, including call centers, data input centers, interactive voice servers and complex processing on e-commerce sites.

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Bankruptcy Filings Nationwide Continue Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bankruptcy filings fell between 8-10% in 1Q/12 from the year ago period and down significantly during the period from June 2011 to June 2012 from the year ago period, according to the American Bankruptcy Institute. The Administrative Office of U.S. Courts reported filings dropped 14 percent during that period. Both Chapter…

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Bank of America Launches Cash Back Deals Through Cardlytics

Bank of America made available its online and mobile cash back deals program, “BankAmeriDeals,” providing one-click deals they want through Bank of America’s Online Banking and Mobile Banking app. Cash back deals are put right into the customers’ account and are in addition to other rewards customers may already receive. Through the program, which has been rolling out in phases throughout the country, more than 130 million cash back deals have been served to customers. The program is free for Online Banking and Mobile Banking customers. Deals from a variety of retail categories appear in Online Banking, so customers can choose the deals they want while they’re managing their finances. Run by Cardlytics through its targeted advertising network, the program includes national as well as local and regional merchants.

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Virtual Piggy Partners Payvision

Virtual Piggy online youth purchasing entered into a Strategic Partnership with Payvision to expand the Virtual Piggy e-commerce service to the global marketplace. Virtual Piggy has been designed to support transactions in over 100 different currencies and is currently integrated with leading payment gateways. This agreement adds Payvision to that group and gives Virtual Piggy greater ability to expand in the international marketplace. Payvision’s experience in different international regions, has resulted in a global network of global acquiring banks, connecting over 300 trusted business partners with more than 5000 web merchants worldwide, for which they process over 100 million transactions a year.

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hyperWALLET Consumer Prepaid Product Line

hyperWALLET global payment solutions expanded its prepaid card product line to include a General Purpose Reloadable (GPR) Visa prepaid card for the financial needs of independent sales representatives in the direct selling sector. hyperWALLET Best in Category for Prepaid Incentive, Reward, Rebate and Loyalty Program at the 2012 Paybefore Awards, will offer the full-feature, low-fee General Purpose Reloadable (GPR) Visa prepaid card to its USA corporate clients and their payees. Similar to other general purpose prepaid card programs in the market, hyperWALLET’s card can be used as a bank account alternative, allowing the cardholder to fund the card from a variety of sources, including cash at over 40,000 retail locations and direct deposit of employment earnings, such as wages or salary.

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CreditCall Refines mPayment Acceptance

CreditCall payment gateway made available its mobile Chip and PIN card acceptance solution for smartphones and tablets. CreditCall has been developing its CardEase Mobile payment acceptance application for the past two years, working closely with Visa, a number of global acquirers and mobile phone operators to bring to market a Chip and PIN capable solution. CardEase Mobile is the first payment acceptance solution for smartphones and tablets, able to process Chip and PIN and magnetic stripe card payments in the UK. It is EMV certified, encrypts cardholder information end-to-end, ensuring it cannot be compromised during transaction and accepts all major UK credit and debit cards including Visa, MasterCard, Maestro and American Express. It is currently being made available to businesses through partners such as Elavon and Sage Pay.

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FIS to Deploy Over 5,500 ATMs in Fledgling Market

FIS announced new agreements to deploy and manage more than 5,500 ATMs in India as part of a pan-India ATM rollout by a consortium of public-sector banks over the next two years. FIS will provide end-to-end outsourcing services including supply, setup and ongoing ATM operation. Currently driving more than 3,500 ATMs across India and operating two of India’s four interbank ATM switching networks, the new deployment will significantly expand FIS’ business in the country, which is a key market in FIS’ international growth strategy.

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Discover Employee Training Culture Awarded

Discover Financial Services is a winner of the Learning! 100 Award by Elearning! Magazine for its learning, culture, innovation and collaboration that drives performance. The program supports workers-in-training to perform as if they were current employees already staffing the call centers. This program is used by Discover to ensure that customers are offered a premier level of customer service. Discover ranked 19 out of 60 corporate enterprise honorees in the Learning! 100. The Learning! 100 Award program has a research-based approach. Nominees were evaluated for Best-in-Class Learning & Development assessment, Learning Culture index and overall organizational performance.

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Wells Fargo Waives Remittance Transfer Fees

Wells Fargo & Company is waiving remittance transfer fees for ExpressSend transfers for customers sending money using the ExpressSend service to the Philippines impacted by the floods, effective August 15th-30th. The Bank is also donating $50,000 to the American Red Cross for relief efforts. ExpressSend customers can send up to $3,000 a day for $4 if originated from a Preferred, Complete Advantage, or Premium Membership Checking.

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Capital Payments Now Bluefin Payment Systems

Capital Payments has changed its names to Bluefin Payment Systems following its merger with the Company. Capital Payments has become a leading strategic partner to integrated software vendors (ISVs), developers and software as a service (SaaS) providers serving more than 15,000 U.S. and Canadian businesses. In an effort to stay ahead of a growing demand for secure gateway solutions in the payment industry, Capital Payments merged with Bluefin Payment Systems in Q2 to offer payment acceptance technology solutions leveraging Bluefin’s proven and feature-rich processing platform.

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USA Technologies Launches EPort mAcceptance

USA Technologies launched ePort Mobile mobile acceptance solution for retailers to accept credit and debit cards “on the go” through USAT’s highly secure, turnkey ePort Connect® service platform. USAT’s entry into the multibillion dollar mobile payments acceptance market leverages its fifteen plus years of industry leadership in converting traditionally cash-based, unattended retail businesses to cashless payments. With this, credit card data is encrypted twice and is transmitted using a proprietary communication protocol; Durable, industrial grade card magnetic swipe reader option designed for commercial applications; and the ability to integrate ePort Mobile sales and transaction data with other USAT products, including ePort® G8, EDGE and SDK.

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