American Express, National Trust for Historic Preservation to Award $3 Million in Grants to Historic Places in New York City This spring, New York City will make history to save history. American Express and the National Trust for Historic Preservation announced today that New York City will be this year’s location for Partners in Preservation,…Details
Streamline face to face card payment processor is now providing merchants with faster payment processing through Transaction Network Services and the “Secure SSL Gateway” IP POS terminal processing. This ensures authenticated payment exchange between card payment terminals and the Streamline processing platforms. The custom-designed solution offers additional security features beyond the minimum requirements mandated by PCI DSS, to provide a secure high-speed solution that enables Streamline’s merchants to benefit from faster payment processing, shorter queues and costs savings where dedicated dial lines can be removed.Details
The Ukrainian Interbank Payment Systems Member Association (EMA) has just joined the European ATM Security Team (East) as the national representative member for the Ukraine. While EAST is focussed on the Single Euro Payments Area (SEPA), EMA will participate as a non-SEPA member. The Association was formed on 19th March 1999 by Ukrainian banks that…Details
Clear2Pay international technology provider of next generation payment solutions for financial institutions launched the G3 Payments Solution for the Singapore financial services industry. This product launch is a direct follow-on from the partnership Clear2Pay announced with Vocalink on delivering an end-to-end Immediate Payments solution for banks. The G3 scheme will enable Singaporean banks and financial institutions to process low-value payments in real-time maximizing their ability to deliver innovative and commercially attractive products while minimizing settlement risk. This higher level of velocity of money within the economy will benefit Singapore’s thriving business community at large and will be closely monitored by neighboring countries.Details
Creditron remittance processing solutions appointed three regional account managers and a customer support and implementation specialist. They include Cheryl Williams, regional account manager, Western States; Matt Stover, regional account manager, Northeastern States; Robin Fleck, regional account manager, South Central States; and Eddie Ssali, customer support and implementation. Previously, Williams was a senior sales executive for WAUSAU Financial Systems, where she sold all of the company’s solutions, including its enterprise content management platform. Stover has more than 20 years of sales, account management and operations experience in the payments industry and most recently was a relationship sales executive for WAUSAU Financial Systems. Fleck has spent nearly her entire career in sales and operations in the financial services industry and was most recently national account manager for Open Solutions. Ssali previously was part of the information technology team at Washington Adventist University in Takoma Park, MD.Details
Of the total $2.51 trillion in outstanding US consumer debt, total outstanding revolving credit was up 8.5% in January from $803.8 billion in December to $800.9 billion. This compares to the year ago figure of 795.5. Revolving consumer credit plummeted from its peak of $973.6 billion in August 2008 by a staggering $179.6 billion, and…Details
Western Union global payment services has won two Best-in-Category awards at the 7th annual Prepaid Expo. Prepaid information provider Paybefore selected the Western Union MoneyWise Prepaid MasterCard as its best overall general-purpose reloadable (GPR) program and the Western Union Gold Card Prepaid MasterCard as the winner for Best Consumer Value. Paybefore also recognized Western Union in one additional category, selecting the company’s Online Gift and Greeting Cards program as one of three winners in the Best Gift Card Program category.Details
The Bancorp Bank Payment Solutions Group is the new issuer for the PayPal Debit MasterCard card. The PayPal Debit MasterCard card can be used worldwide at ATMs, online, and everywhere Debit MasterCard is accepted. It also offers the possibility to earn 1 percent cash back whenever a cardholder is enrolled into the PayPal Preferred Rewards Program. The PayPal Debit MasterCard card is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated.Details
Enterprise Bank has selected the Datacard “CardWizard” issuance software and FCP 20/20 card printers to instantly issue debit cards to their consumer and business customers. The bank has installed the CardWizard issuance software and associated hardware in 19 banking locations throughout New Hampshire and Massachusetts. New customers who open a checking account with Enterprise Bank, as well as existing customers who need a replacement debit card, can simply walk into the branch and receive an unembossed personalized debit card in a matter of minutes. The new instant issuance program also enables Enterprise Bank customer’s to PIN and rePIN their debit cards at the branch locations.Details
ROAM Data announced Event Farm will use ROAM Data’s mobile platform and commerce APIs to reinvent the way in which event organizers and producers manage events, ticket inventory and ticket sales. This App, named “Event Farm”, eliminates the need for traditional box offices, delivering a totally integrated ticket management, will call, and payments process. The new App eliminates the need for fully staffed ticket windows and paper tickets. For customers, it makes the ticketing process more flexible as it eliminates the need to print tickets and meet up with others in their party before the event. The platform uses ROAM’s encrypted card reader and mobile payment capabilities to enable venues to better manage inventory in real time and maximize event profits.Details
PayCube has helped various ISO’s and players in the acquiring space (Credit, Debit, ACH, Loyalty, Prepaid / Gift) do just that, help them take their destiny in their own hands. PayCube has become a one stop payment technology partner for its customers by providing onsite solutioning capabilities to offshore development capabilities. PayCube has vast experience in the payments technology space to take a vision from the whiteboard into production and to market.
PayCube with its Payment Gateway practice brings capabilities from design to complete build out of Payment Gateways, a first step in bringing transactions in house. From being able to use multiple processors for acquiring and settlement, to providing value added integration capabilities like your own virtual terminal and web POS system to integration to real time / location based loyalty, promotion, incentive, prepaid, wallet solutions to extending capabilities on payment devices, mobile & smart phones and tablet solutions (Apple – iOS, Google – Android) to EFT switching systems.
Cardlytics Transaction-Driven Marketing announced SVP, product management and marketing, Rod Witmond is to join other industry executives in the panel presentation, “Rewards in a Mobile Banking Environment,” at BAI Payments Connect 2012 (3:30 p.m. at The Mirage hotel in Las Vegas). The presentation will provide attendees with insight on what rewards programs are currently offered and how these differ from the more traditional, points-based programs of the past. This will explore the benefits of merchant-based rewards for financial institutions, their retail customers and potentially commercial clients.Details