European Payments Council Elects New Chair, Vice

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The European Payments Council (EPC), representing the European banking industry in relation to payments, on 22 March 2012 elected Javier Santamaría as Chair and Günther Gall as Vice Chair. Mr Santamaría and Mr Gall will take office in June 2012. They will succeed current EPC Chair Gerard Hartsink and Vice Chair…

Details

Nedbank implements Entersekt transaction authentication

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Stellenbosch based Entersekt, a mobile technology company offering banks an innovative solution for secure online and mobile banking, announced that Nedbank has implemented their interactive transaction authentication (“ITA”) system in their recently released “Approve-itTM” product which will provide greater protection against online fraud for their customers. Schalk Nolte, CEO of Entersekt…

Details

QIB achieves PCIDSS security certification

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Qatar Islamic Bank – the benchmark Islamic bank in Qatar and one of the leading Islamic banks in the world – announced today that it had achieved compliance with the PCI DSS (Payment Card Industry Data Security Standard) version 2.0. The PCI DSS Compliance Certificate was received today by QIB Acting…

Details

iPayment Posts 4Q/11 & FY With Mixed Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] iPayment Holdings and iPayment revenues were down 3.9% to $173.6 million in 4Q/11 from $180.6 million in 4Q/10. Net of interchange, this figure was only $89.9 million, which was up 3.6% compared to the year ago figure $86.8 million. Net loss was approximately $4.0 million for iPayment and its consolidated subsidiaries…

Details

U.S. Bank and Plastic Jungle Partner on Credit Card Rewards

U.S. Bank partnered Plastic Jungle secured gift card exchange, allowing FlexPerks Travel Rewards Visa Signature cardholders to exchange select merchants’ gift cards for highly valued FlexPoints, reward points that can be redeemed for travel, merchandise and more. U.S. Bank and Plastic Jungle pioneered this concept of offering credit card rewards in exchange for gift cards. FlexPerks Travel Rewards cardholders can visit the FlexPerks Visa Promotion Center to exchange their gift cards for FlexPoints. Cardholders simply enter the details of the card, such as the merchant, gift card number and card value. Plastic Jungle determines the value of the cardholder’s gift card, which then is translated into a FlexPoints value.

Details

Fiserv Rewards Up 69% in 2011

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv global provider of financial services technology solutions announced its “UChoose Rewards” solution experienced 69% growth in the number of debit and credit cards registered under the program in 2011. UChoose Rewards from Fiserv is a customizable rewards program designed to incent cardholder usage and provide consumer benefits for both consumer…

Details

Fiserv Expands Relationship with Carleton

Fiserv financial services technology announced Carleton “SmartCalcs” financial compliance software is now available within its Common Origination Platform. The “SmartCalcs” suite of lending calculation software components designed to provide enterprise-wide computational compliance. By integrating this functionality into Common Origination Platform from Fiserv, lenders across all verticals – mortgage, business and consumer – can access consistent, compliant calculations at an enterprise level, to support its clients’ ability to better manage business risk. The “SmartCalcs” functionality will also be integrated into the Common Origination Platform. Carleton will maintain the calculation changes and deploy them regularly, helping to maintain calculations compliance in all 50 states.

Details

Card.io moves online with Webcam card reading

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] card.io is expanding to the web! card.io webscan is the easiest way to accept credit cards, improve checkout conversion, and reduce fraud. Just hold up a credit card to your webcam, and that’s it! It’s fast, accurate, secure, and flexible: keep your existing merchant account, and drop us onto any payment…

Details

nCircle Announces Coverage in All OWASP Top Ten Categories

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] nCircle, the leader in information risk and security performance management solutions, today announced that nCircle WebApp360™ now includes coverage for the most current release of the OWASP Top Ten. OWASP is an emerging standards body that develops and maintains a consensus-driven list of the most critical web application security flaws and…

Details

SEQR Partners Extenda on POS

Seamless has partnered Extenda POS systems on m-payments. They will allow consumers to pay by mobile phone when SEQR becomes part of Extenda’s standard system, and in this way circumvent card issuers’ high charges. Merchants with Extenda’s POS system can connect to SEQR via Extenda’s standard integration and enable their customers to pay by mobile phone. The SEQR Seamless mobile payment solution lets users users scan a QR code at the POS terminal to approve payments being charged to their bank or credit accounts. SEQR users can also transfer money to another mobile phone, pay bills and make online payments.

Details

Diebold Inks UniCredit Bank Hungary

UniCredit Bank Hungary Zrt. selected Diebold as its exclusive ATM provider to set-up the new ATMs, allowing it to be the first financial institution in Hungary offering automated deposit services. A successful pilot of envelope-free transactions that authenticated and validated deposit of banknotes in real-time on approximately 10 Diebold Opteva ATMs was completed in early 2011. These ATMs were equipped with Diebold’s Agilis multi-vendor software application and enhanced banknote acceptor (ENA). The agreement also includes maintenance and professional services for approximately 180 Opteva ATMs deployed across the country.

Details