i2c & KargoCard Partner on Prepaid, mPayments and Loyalty Solutions

i2c payment processing technology and KargoCard prepaid service provider partnered to deliver prepaid, mobile payment and loyalty solutions to merchants. For it, i2c will provide payment processing services to enable KargoCard to offer a robust suite of products. KargoCard is set to grow exponentially in China, for which i2c is building out a new data center in Shanghai.

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Magyar Bank Deploys Fiserv Platform

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv, a leading global provider of financial services technology solutions, announced that Magyar Bank has selected the Cleartouch bank platform from Fiserv as the foundation of a multi-product agreement. The $520-million bank, headquartered in New Brunswick, N.J., cited improved integration, solid client support and low-cost technology ownership as key factors in…

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Microgen Delivers Accelerated Transaction Processing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Raising the bar even further for processing “Big Data” transaction volumes, Microgen Plc announced that Microgen Aptitude, the enterprise application platform, has achieved the result of processing 7 billion transactions per hour performing in-memory processing on IBM System x. Further tests, involving Oracle database to database processing running across a combination…

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Card APRs Up Slightly Throughout Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card APRs have leveled off from previous months and are currently creeping up, from 14.91% at the end of April to 14.94. Peaking at well over 15% following the holiday shopping season, credit card interest rates plummeted briefly to 14.85% around the beginning of March before rocketing past 15%. Throughout…

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VeriFone Releases Cash Flow Data

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems, is providing additional detailed cash flow data and information to address recent topics raised by investors regarding VeriFone’s reported cash flow for the six months ending April 30, 2012. It is VeriFone’s general policy to respond to investor concerns as quickly as possible by updating or providing additional financial…

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Fico Appoints Capital Management Practice Head

Fico analytics and decision management technology has hired Nicola Pearce to lead the company’s initiatives around capital management and banking regulations in Europe, the Middle East and Africa (EMEA). Pearce is a senior risk professional with more than 10 years of risk management consulting experience with major financial services providers and consulting firms. Prior to joining FICO, Pearce led Moody’s Analytics consulting practice across EMEA, where her team built Basel models and undertook independent credit assessments and benchmarking, process reviews, and default rate reviews. She holds a Bachelor’s degree in Chemistry and a Master’s degree in Instrumental and Analytical Methods Biological and Environmental Chemistry from the University of Warwick.

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MasterCard Strngthens Effort to Boost US EMV Migration

MasterCard has proposed the formation of a cross-industry group designed to promote collaboration and alignment between networks, issuers, merchants, manufacturers and other groups in the implementation of EMV technology in the United States. The group would focus on providing guidance on non-proprietary technical issues, standardizing the consumer experience, and creating a set of common terms, descriptions and guidelines for EMV-enabled devices and terminals.MasterCard emphasized the need for industry alignment regarding the implementation of EMV standards, as well as introducing the need for securing all channels including the ATM.

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Genpact and Ariba Partner on Procure-to-Pay Solution

Genpact Limited business process and technology management and Ariba commerce network expanded their alliance beyond invoice solutions to encompass the full suite of Ariba’s cloud-based collaborative business commerce solutions into Genpact’s source-to-pay offering. Genpact will combine Ariba’s solutions with its comprehensive service offerings to create a new turnkey offering that will enable medium to large enterprises to improve their visibility into the procurement process and drive greater cost savings. The news came during Ariba LIVE Barcelona, the business commerce event of the year. The joint solution will provide clients with access to all aspects of the Ariba Collaborative Commerce Platform including cloud-based applications; a community of partners; and
Capabilities in the form of best practices and community-derived intelligence.

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PayOne and T-Mobile USA Partner for mPayment

PayOne mobile payments forged a direct carrier billing relationship with T-Mobile USA. PayOne’s Mobile payment services and PGCN is available to merchants worldwide, connecting over 4 billion consumers with merchants in over 80 countries across 1200 operators. PayOne’s solutions span virtual currency and goods, digital services, mobile in-app purchasing, and remote convenience purchases such as city parking or movie tickets.

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Elavon Launches Mobiel Payment Solution

Elavon global payment solutions provider has launched its “MobileMerchant” payment solution that transforms mobile devices into payment terminals, allowing businesses to accept card payments quickly and securely anywhere, anytime, without a major investment of money or effort. MobileMerchant’s payment app is paired with a Chip and PIN card reader, allowing payments to be processed using BlackBerry® or Android® smartphones and tablets. Targeting small businesses on the go, “MobileMerchant” is also useful for companies with mobile field operatives that would like to extend the convenience of credit and debit acceptance to their customers.

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USA Technologies Hits Performance Milestones

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced that it had achieved two significant performance milestones in May”its ePort Connect® customer base climbed to over 3,000 and connections to its ePort Connect service crossed the 155,000 mark. Compared to just one…

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CreditCall and Elavon team on mPayments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CreditCall, the specialist payment gateway and EMV Chip technology provider, revolutionises the way businesses take payments in the UK. By incorporating CreditCall’s CardEase Mobile technology into Elavon MobileMerchant, the world’s first Chip and PIN card reader and mobile payment app for Android and BlackBerry smartphones and tablets becomes available. This offers…

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