Payment Companies Forge Merger

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The South African payments technology landscape sees a major consolidation with the merger of two niche specialists that perfectly complement each other. One is a leader in online payments systems consulting, implementation and on-going management, the other is an integration and custom software specialist skilled in building electronic funds transfer systems…

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Amidst Strong Performance, Mastercard ReElects Exec Team

Having held its Annual Meeting of Stockholders, MasterCard announced directors were re-elected with a term to expire in 2013. They include Ajay Banga, President and Chief Executive Officer, MasterCard Incorporated; David R. Carlucci, Former Chairman and Chief Executive Officer, IMS Health Incorporated; Steven J. Freiberg, Chief Executive Officer, E*TRADE Financial Corporation; Richard Haythornthwaite, Chairman of the Board, MasterCard Incorporated, Non-Executive Chairman, Network Rail; Marc Olivié, President and Chief Executive Officer, W.C. Bradley Co.; Rima Qureshi, Senior Vice President and Business Unit Head, CDMA Mobile Systems, Ericsson; Mark Schwartz, Chairman, MissionPoint Capital Partners, LLC; Jackson P. Tai, Former Vice Chairman and Chief Executive Officer, DBS Group and DBS Bank, Ltd.;

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Braintree Announces International Payment Service Expansion

Braintree payments platform for online and mobile commerce is expanding its payments platform internationally to help digital companies in every part of the globe launch, support, and scale successful online and mobile businesses. Merchants of all sizes in thirty countries will soon be able to access the same Braintree infrastructure and payment gateway as their U.S. counterparts, realizing benefits including fast integration and time to market, white glove customer service, and proven scalability. Braintree will offer access to its international payment services in private beta over the next few months, with a full launch planned for third quarter of this year. Braintree currently processes more than $4 billion in credit card transactions each year, including nearly $1 billion in mobile payments.

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Fiserv Announces White Paper on mBanking Adoption

Fiserv financial services technology solutions announced its white paper on how financial institutions can boost mobile banking adoption among consumers. entitled, “Breaking the Mobile Banking Glass Ceiling: Five Factors Will Drive Consumer Adoption,” the paper addresses the question of how to encourage consumer adoption and usage has come to the forefront. When a new technology such as mobile banking is introduced, there is typically a group of early adopters who are eager to begin using the service. According to actual adoption figures from Fiserv, a financial institution can expect about 20 percent of eligible users to begin using mobile banking within 18 months of launching the service. After the 20 percent milestone is reached, adoption typically slows. The challenge lies in breaking this glass ceiling and gaining wider adoption across the entire customer base. It encourages administrators to establish mobile banking as useful; providing access to mobile banking through all devices; help consumers overcome security concerns; foster familiarity for a natural transition across channels; and make mobile banking easy to use.

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American Express Expands Savings Program for Mid-Size Companies

American Express expanded its Savings at Work program to include three new partners that will offer select rebates and discounts for mid-size companies, allowing Corporate Card clients to take advantage of special deals from top brands, including Box, Dunkin’ Donuts and Sprint. American Express also announced expansions of current Savings at Work partnerships with Choice Hotels, FedEx, and several of Hilton Worldwide’s brands, including Hilton Hotels & Resorts, DoubleTree by Hilton™ and Embassy Suites by Hilton™. The Savings at Work program is an exclusive benefit of being an American Express Corporate Card client and gives mid-size companies seamless access to pre-negotiated discounts and savings on everyday business spending, including travel, dining, shipping and conferencing services. The program was created in 2002 to help mid-size companies, who often seek but can’t secure the lower rates usually reserved for large corporations, as well as suppliers, who are often looking for ways to better promote their products and services to the middle market.

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Headland National Bank Expands on Fiserv Platform

Fiserv financial services technology solutions announced Headland National Bank is implementing its “Common Origination Platform” for consumer and commercial lending. The Platform from Fiserv is a single-platform solution that can provide lenders with a view of borrowers across all lending channels and products, with data in one place regardless of the point of origination or loan type. The “Common Origination Platform” is an enterprise lending solution designed to originate consumer, business and real estate-backed loans. With data about lending customers all in one place, regardless of the point of origination or loan type, financial institutions can reduce risk, gain processing efficiencies and use information more effectively across the enterprise.

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Bottomline Technologies Network Serves Over 185,000 Vendors

Bottomline Technologies cloud-based payment, invoice and banking solutions, announced its “Paymode-X” business-to-business settlement network now serves over 185,000 vendors. The “Paymode-X” solution now allows payers to conduct e-payments to the more than 185,000 vendors on the network and take advantage of comprehensive accounts payable automation. It streamlines the reconciliation process, increases predictability of cash flow and enables access to critical business data. Eliminating paper payable processes also presents significant opportunities for cost savings and allows organizations to reduce their environmental impact.

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CSI Launches eBanking PFM Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Computer Services, a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, released its new Personal Financial Management (PFM) service for its Internet banking customers. The PFM service delivers consumers a one-stop online location to manage all of their personal finances and accounts within their…

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XYPRO to Distribute Voltage Encryption

XYPRO Technology Corporation HP NonStop server security, audit, compliance, and FIPS-validated encryption solutions is set to resell the Voltage SecureData solution suite, to complement its existing NonStop security products. Voltage SecureData is a comprehensive data-centric security solution, uniting end-to-end encryption, tokenization and data masking for the protection — end-to-end – of sensitive information, including data subject to compliance, such as PCI DSS, and without impacting business process, work flow and applications. Leveraging patented technology and solution innovations, including Voltage Identity-Based Encryption™ (Voltage IBE™) and Voltage Format-Preserving Encryption™ (Voltage FPE™), Voltage SecureData is the most comprehensive data protection platform, securing data as it is captured, processed and stored across the variety of devices, operating systems, databases and applications. It is used by corporate enterprises, financial institutions, healthcare organizations, government agencies, utilities, retailers and service providers.

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TowerGroup and Axway to Host Financial Services Webinar

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Axway, the Business Interaction Networks company, announced it will host a webinar entitled “Visibility and Operational Risk in Financial Services – If You Can’t See It, You Can’t Manage It” on Tuesday, June 12, 2012. The webinar will be hosted by former TowerGroup analyst Susan Feinberg, who is now director, financial…

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