FirstBank licenses Paragon ATM Software

FirstBank, Tennessee’s largest independently owned and operated bank, has licensed Paragon’s ATM configuration management software, ConfigBuilder, to enhance its ATM configuration file development. FirstBank required a solution that would provide more control over its ATM screens and fully test its ATM load files prior to deployment. With ConfigBuilder, FirstBank can customize its ATM screens with…

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89 Degrees Names Director of Digital Marketing

89 Degrees, a next-generation marketing solutions provider that uses advanced analytics to drive better results for data-intensive marketers, has named Tim Pounanov director of digital marketing technology. In this new position, Pounanov will lead 89 Degrees’ Digital Marketing Technology Services, managing a team of digital marketing application developers and engineers to offer integrated digital marketing…

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BMO Bank of Montreal Implements Cummins Allison Coin Counting

Cummins Allison provider of coin currency and check handling solutions will be providing BMO Bank of Montreal with Cummins Allison self-service coin counting machines for use in many of its new branches. Cummins Allison high-speed self-service coin machines are able to count mixed Canadian coins at a rate of up to 4,000 per minute. After coins are deposited, the Cummins Allison coin machine issues a receipt for the total, which can then be exchanged at the branch for cash or deposited into a BMO bank account.

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April Card Rates Teeter Off for Consumer

After demonstrating consistent increases throughout February and March, credit card APRs leveled off, but remain unusually high in April. 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 April, average APRs crept under the 15% mark…

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First Data Implements Partners Ricoh Printing

Ricoh Production Print Solutions digital output solutions completed one of the largest color implementations in its history at First Data. The installation includes 15 duplex InfoPrint 5000 GP color inkjet systems, 4 of which are coupled with InfoPrint 5000 MP MICR units. Deployed by First Data primarily for printing credit card statements, the InfoPrint 5000 was chosen because of its reliability, color consistency, and ease of use. First Data implementing the “InfoPrint 5000” system allows it to enable cost savings for its customers with an advanced color solution offering high-quality, drop-on-demand color printing.

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Secure Remote Payment Council Deploys Chip and Pin Group

The Secure Remote Payment Council (SRPc) formed a working group to define and adopt a POS and ATM solution for chip and PIN acceptance for PIN debit networks. This will provide interoperable adoption of chip and PIN debit payments to the industry, while supporting innovation, choice, and the proven track record of PIN security in reducing payment fraud. The working group includes leading PIN debit networks STAR®, SHAZAM®, PULSE®, NYCE®, AFFN®, ACCEL/Exchange®, ATH®, Credit Union 24®, CO-OP Financial Services® and Jeanie®.

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First Data Acquires Stake in FEXCO Payment Processing

First Data inked acquisition agreements with FEXCO, taking over an equity stake in the “OmniPay” card and electronic payment processing services to merchant acquiring banks. This puts First Data’s ownership at 100%, in which it has had an equity investment in OmniPay since 2002 and took a majority equity interest in the company in August 2006. FEXCO also continues as First Data’s preferred supplier of dynamic currency conversion (DCC) processing solutions.

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United Bankers’ Bank Implements Aptys Unified Payment Processing

United Bankers’ Bank (UBB) has implemented the Aptys PayLOGICS “Active Archive” and “Image Exchange” modules. With the ability to integrate seamlessly with the bank’s existing infrastructure, PayLOGICS enables UBB to house all transactions and historical data in one location. ACH and other transaction details are on a single cloud-based archive, the Active Archive module gives UBB a centralized view of all customer payment activity.

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Acumera and Liquid Networx Furnish Secure Device Connectivity

Acumera, the leader in Trusted Connection Services for retail organizations, announced that Liquid Networx has agreed to market products and services based on a suite of secure, merchant-centric applications that increase operational efficiency and effectiveness by securing traditional network clients as well as connecting non-traditional devices. Today, merchants must be compliant with transaction security standards,…

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DANTOM Systems Achieves PCI DSS Level 1 Recertification

DANTOM Systems is pleased to announce the achievement of its annual recertification of PCI DSS Level 1, version 2.0 compliance. PCI DSS Level 1 certification is required for organizations processing over six million payment transactions annually. In addition to achieving PCI DSS Level 1, DANTOM also was recertified as complying with the following laws, regulations…

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