Wells Fargo Top Valued Bank Brand

Wells Fargo & Company is the most valuable bank brand in the United States according to The Brand Finance Banking 500 report and the second most valuable bank brand in the world valued at $23.23 billion. Brand Finance’s annual international Banking 500 study assesses the dollar value of the reputation, image and intellectual property of the world’s leading financial services companies. Wells Fargo maintained its place as the 2nd leading bank brand in the world from last year’s rankings.

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NTC Texas Payment Processing Announces 8 Resolutions to Improve Business

NTC Texas, a payment processor representing Elavon Global Acquiring Solutions throughout the United States, is pleased to announce 8 New Year Resolutions to Improve Your Business. Every year most of us make New Year’s resolutions. Let’s make a business resolution to boost your business, because it will do something we all love — save us money! As the economy has shifted, what a business owner needs to do to be successful in 2012 has now changed. Here is a quick refresher on the do’s and don’ts for your business as we begin this New Year. Become PCI Compliant ; Update and Clean Your Payment Card Terminals; and Make Sure Your W-9 Information Matches What You Report to the IRS.

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Eight Credit Unions Introduce Coopera Card

Eight credit unions have signed on to begin offering the Coopera Card in 2012. A reloadable Visa prepaid card built specifically for the Hispanic community, the Coopera Card provides financial institutions with a tool for attracting new members and earning additional interchange income. The prepaid card gives Hispanic cardholders access to a secure financial management tool and eliminates the need for paying high fees for check-cashing, money order or money transfer services. A credit history is not required and alternative forms of ID are accepted to obtain the card. The Coopera Card was developed by Coopera in partnership with sister company and card processor The Members Group (TMG) to help credit unions ease members of the Hispanic community into the financial mainstream.

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Monext Line of Merchant Services PCI DSS Certified

Monext’s Payline and Pavavenue services for merchants renewed their PCI DSS certification. Monext’s tokenization service has also been certified for the first time, guaranteeing Monext’s clients processed data in a highly secure manner during electronic transactions. Monext is one of the first payment service operators in Europe to have their entire line of services PCI DSS-certified and renewed. Payline is a secure online payment platform offered by Monext to e-merchants and includes more than 30 different means of payment and is available for all remote sales channels. The tokenization service, meanwhile, automatically encrypts sensitive and confidential data (such as bank card numbers) during payment transactions.

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MasterCard Launches Blueprint for the Next Generation of ePayment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard introduced a comprehensive plan on advancing the U.S. electronic payments system, complete with a path for migration from magnetic stripe to EMV technology currently available on “chip” cards. This blueprint is to serve as the foundation for the next generation of products and services developed to enhance the way consumers…

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Datacard & Fiserv Develop Emerging Card Programs

Datacard Group secure ID and card personalization solutions announced Fiserv financial services technology solutions purchased the new “Flex-form” module that seamlessly integrates with the Datacard MXD card delivery system. The Datacard Group “Flex-form” module will allow Fiserv to let clients personalize and affix cards to a larger 8.5″ x 14″ card carrier size. This is ideal for applications that require larger card carriers with more real estate for robust messaging and promotional information. The “Flex-form” module and MXD card delivery system are part of the Datacard “Secure Issuance Anywhere” platform, offering customers the flexibility to issue and replace and deliver cards anytime, anywhere, with complete security.

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CyberSource Renews Facebook Agreements

CyberSource announced Facebook has extended its agreement to use the CyberSource “Payment Management Platform” for credit and debit card payments. The new agreement extends an existing worldwide relationship. CyberSource Corporation, a wholly owned subsidiary of Visa Inc., is a payment management company. Over 390,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security.

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NCR Invests in uGenius Technology

NCR Corporation announced a strategic investment in uGenius Technology, in which it has taken a minority equity stake. In 2011, NCR and uGenius collaborated to build the first ATM that lets consumers talk and bank with a live, remote teller, which will let bank branches stay open longer and offer more services to their customers. NCR’s “APTRA” Interactive Teller is using uGenius’ video banking technology to give consumers a choice to conduct teller transactions with the assistance of a live, remote video teller.

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Discover Cashback Bonus Redemption Up 20% Y/Y

Discover disclosed a 20% increase over 2010 in Cashback Bonus Redemption, while both online and mobile redemptions also grew in popularity as 73% of cardmembers redeemed this way in 2011. Meanwhile, the “ShopDiscover” portal posted sales up 64% on 2010 as site traffic soared 41% as cardmembers flocked to receive an additional 5-20% Cashback Bonus at top online retailers. With this, Discover unveiled its 2012 5% Cashback Bonus calendar with new merchant categories, giving cardmembers the potential to earn up to $75 of additional Cashback Bonus for the first and second quarter of 2012.

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Heartland Preferred Systems Provider for Financial Aid in South Carolina

Heartland Payment Systems Campus Solutions division and Bridgeway Solutions have been chosen as one of South Carolina’s preferred system providers for rapid, electronic disbursement of financial aid refunds and payments to students. This lets South Carolina state colleges and universities to contract with Heartland Payment Systems’ partner Bridgeway for Heartland’s “Acceluraid” efinancial aid disbursement product without having to issue a request for proposal as is traditionally required by the state. With this, students get a school-branded Discover prepaid debit card that is issued by Oklahoma-based Central National Bank.

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First Financial Bank of Arkansas implements Fiserv IVR

First Financial Bank of Arkansas implemented “ConvergeIT: IVR” (Interactive Voice Response) from Fiserv. Offering a flexible, interactive voice response system with choice and control for messaging, call flow and functionality, “ConvergeIT: IVR” solution interfaces directly with “Signature” from Fiserv and can scale to handle thousands of calls per day. Also, First Financial Bank was able to automate a substantial percentage of its communications following its implementation of “ConvergeIT: IVR,” which offers reporting functionality provide the necessary tools for First Financial Bank to properly track: daily call volume, inactive and dropped calls, how effectively the customers are using the IVR system and other real-time information.

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