Fifth Third Appoints As Head of Retail Banking

Chad Borton has been appointed senior VP, head of Retail Banking for the Company with Fifth Third. Borton comes to Fifth Third from JP Morgan Chase where he held a number of senior management positions including Consumer Bank CFO, head of the Retail Distribution Network responsible for expanding Chase’s branch and ATM network nationally and Retail Market Manager for Chase’s branch network in several Ohio markets. Most recently he served as head of Branch Administration where he was responsible for managing more than 1,000 employees in the delivery of branch operational support for 5,500 retail branches. Borton will report directly to Steven Alonso.

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VantageScore Named “Preferred Partner” by the NAFCU

VantageScore Solutions credit scoring model has been named a “Preferred Partner” by the National Association of Federal Credit Unions (NAFCU) Services Corporation, making it the only credit score developer to receive such a distinction. It has been designated a key provider of services to credit unions to help support their growth and productivity and will be providing NAFCU members and other credit unions with critical resources including research-driven white papers, and will offer a wide variety of educational content related to credit scoring through webinars, webcasts, podcasts and other channels via a landing page on NAFCU’s website.

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MerchantAccountReviews.biz Unveils New Review Site

MerchantAccountReviews.biz reviews most of the well-known iPhone payment apps, such as the Square reader. These free devices that attach to a user’s smartphone are especially convenient for both buyers and sellers. Craftspeople, outdoor vendors, nightclub owners and artisans can now accept fast, secure credit card payments in lieu of cash. Non-profit groups can also benefit from accepting online credit card payments, because online merchant accounts allow for accurate recordkeeping.

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Mobey Forum launches North American Chapter

Mobey Forum industry association driving the evolution of a sustainable and prosperous mobile financial services (MFS) ecosystem has expanded with Mobey Forum North America, a new arm of the association created specifically to address industry issues facing the region. The North American Chapter brings together key players in the marketplace to work through issues impacting the mobile financial ecosystem’s future and accelerate the development of sustainable MFS in this region. Members from American Express, Bank of America, Capital One, CIBC, MasterCard, TD Bank Group, US Bank and Visa, gather together to deliver sustainable, long-term mobile services to the mass market. It welcomes members from any supervised payment institutions, technology companies and mobile network operators.

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Travelex Deploys TNS for Payments Connectivity

Travelex “Outsourcing” is expanding target marketing in Malaysia, Singapore and Australia with managed payments connectivity solutions from Transaction Network Services. In doing so, TNS is providing Travelex a regional host connectivity and network access points for transactions between Travelex POS and its corresponding, customer financial institutions in various countries to enable Dynamic Currency Conversion (DCC) across the Asia Pacific region. With TNS, Travelex and its customers benefit from secure end-to-end managed connectivity utilising a PCI DSS certified backbone network. Travelex will also be using “TNSonline” network management portal for real time view of network and transaction performance for reporting and troubleshooting.

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Diebold Appoints Country Manager, UK and Ireland

Diebold has appointed John Ennis country manager, U.K. and Ireland to lead sales and service activities and execute the company’s growth strategies in that region. He will also lead efforts in continuing to strengthen Diebold’s position in the U.K. and Ireland, relying on the company’s global expertise and extensive solutions portfolio. Ennis gained 20 years of experience in the financial self-service industry, holding several senior management positions in the banking and supplier sectors. He has spent the past 10 years working in a global services and product company where he developed a thriving business within the U.K. banking sector, also leading the development of global banking accounts.

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JPMorgan Posts 2Q/12 Net Income of $5B, Card Revenue Down 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JPMorgan Chase posted its 2Q/12 net income down from the 2Q/11 figure of $5.4 billion to $5.0 billion. With this, net income was $1.0 billion, a decrease of $80 million, or 7%, compared with the prior year, thanks in part to a lower reduction in the allowance for loan losses compared…

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PULSE Deploys HP to Expand Transaction Processing

HP announced PULSE has selected its Converged Infrastructure to meet growing consumer debit card use while delivering efficient transaction processing services to clients. The company leveraged HP NonStop technology to eliminate unplanned downtime, enhancing client satisfaction, while reducing processing costs. The solution offers a combination of servers, networking and storage that easily scales and eliminates unplanned downtime. PULSE is deploying ReD’s real-time transaction monitoring and risk management software solution, ReD PRISM®, implemented on HP Integrity NonStop BladeSystem NB54000c and HP Integrity NonStop NS2200 servers for the DebitProtect application. The combined solution will deliver the scalability and performance necessary to protect financial institutions’ cardholder transactions at the ATM and point of sale from the threat of fraud.

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Cadence Bank Expands FIS Implementation

Cadence Bank has expanded its relationship with FIS through the deployment of its electronic funds transfer (EFT) processing, ATM driving and fraud management. This is in addition to FIS solutions currently in use at Cadence Bank such as core account processing and Compliance Databank. The EFT solution’s deep integration with the existing FIS core processor, and FIS’ state-of-the-art fraud management functionality, were key factors in Cadence’s selection to expand its relationship with FIS. FIS processes more than 14 million EFT transactions annually. Providing comprehensive solutions, with the availability of either outsourced or in-house delivery models, FIS’ EFT solutions provide complete end-to-end functionality for account opening, card production and transaction processing. ATM driving from FIS provides a reliable ATM system with the most current features and functions, delivering high availability and extensive monitoring capabilities, enabling financial institutions to provide seamless delivery of ATM products and services.

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Meracord Launches Website Payment Feature

Meracord launched Meracord Payments payment feature for companies to collect debit and credit card payments from customers. Meracord Payments online payment button allows companies to deploy its on their own websites, giving customers an immediate and convenient way to make payments, relieving the service providers of time spent managing the collection of payments and helping increase their bottom line. Meracord Payments integrates seamlessly with Meracord’s robust payment processing platform so that customers can make secure payments directly from their service provider’s website by clicking the Meracord Payments button and walking through a few simple steps.

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Prepaid Industry Leaders to Meet in Las Vegas

Representatives from all segments of the prepaid industry are set to meet in Las Vegas to exhibit and discuss opportunities in prepaid products and services, a payment method for millions around the globe, including wireless, calling cards, gift and debit cards, loyalty and mobile payments. The two-day Conference will include speakers from diverse companies involved in prepaid, including: InComm, NetworkIP, American Express, PayPal, Fiserv, Prepaid Resources, Auris, Lunex Telecom, DIGITALK, CHARGE Anywhere, Giftango Corporation, DimpleDough, Daily Deal Media, Retailigence, and others.

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Mazuma FCU Offers Visa Card Personalization

Mazuma Credit Union now offers Mazuma Visa credit and debit card photo personalization to members. The new service provides members with the ability to personalize their cards using a photo of their choosing, through Mazuma online banking. Mazuma is currently promoting the service to members with a “Personalize Your Plastic” campaign. Members can easily personalize their card when they log in to Mazuma online banking. From there, they just follow the instructions provided on the site.

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