ACI Worldwide partners USFSG For Interchange Fee Consultancy

ACI Worldwide payment systems partnered with US Financial Services Group (USFSG) to offer consultancy services to ACI’s retail customers to help them reduce the costs involved in accepting card payments. USFSG is a professional services and consulting group that engages with many of the largest companies in America to assist in reducing merchant credit and debit card processing expenses. This partnership will enable USFSG to deliver tailored services and consultancy to ACI’s customers and, in turn, will have a deeper knowledge of ACI’s technology when giving recommendations to other clients about how to manage their payments processing expenses.

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PayEx and Accumulate Expand with telco m-payments

4T the joint venture company, including all Swedish mobile network operators, Telia, Tele2, Telenor and 3 has decided to base their mobile wallet service on services and technology from PayEx and Accumulate. The mobile wallet service will be the same from all of operators giving the end users the same payment options and look and feel independant of operator used. This also easen the situation when/if a user wants to change service provider, though the mobile wallet service remains and don’t need to be changed. The mobile payment service will be an alternative for cash and card payments and will cover POS including NFC when available, online, P2P and man to man.

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MoneyGram Launches Site to Help Consumers Avoid Scams

MoneyGram global money transfer issued a warning about a “mystery shopper” scam that can defraud unsuspecting consumers out of thousands of dollars. The company is placing an aggressive effort toward educating both consumers and its network of agents about the potential for this type of fraud, and signs to recognize and help prevent occurrences before they happen. To avoid scams, consumers are advised to discard money-making offers from any companies that contact them unsolicited. As part of the company’s ongoing efforts to protect consumers from wire transfer fraud, MoneyGram recently launched an enhanced version of its fraud prevention website – www.moneygram-preventfraud.com.

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NCR Expands Predictive Service to POS

NCR Corporation announced NCR Predictive Services offer for assisted- and self-service technologies is now available for its “RealPOS” terminals. The NCR Predictive Services predicts failures before they happen enabling resolution before a device fails and faster resolution of device issues. Already available on self-checkout devices, NCR Predictive Services drives greater terminal availability in stores at peak times and can save thousands of hours in downtime, improving store productivity and customer experience. NCR Predictive Services works through a software agent on each NCR device, which gathers a wide variety of operational data, which is then analyzed by NCR’s unique business intelligence software and processes that leverage the NCR Services data warehouse, which maintains operational data from more than 2 million consumer points of service and 12 million annual service actions around the world.

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U.S. Credit Card ABS Eeks Up Marginally From November

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Delinquencies and chargeoffs remained low in December, but still showed marginal growth from November. Compared to 18 months ago when performance only just begun to ease off all time record highs, current losses have been reduced by half and now stand at 5.64%, down from the year ago figure of 8.99%…

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NCR Launches High Capacity POS Terminal

NCR Corporation announced the NCR RealPOS 82XRT POS terminal that delivers more processing power, scalability and systems management to the point of service. Fueled by Intel’s® second-generation Core™ high-performance processors, the new workstation will enable retailers to serve shoppers faster and deliver rich, multimedia content at the point-of-sale to help boost sales and service levels. This increased processing power is complemented by the addition of Intel® Turbo Boost Technology 2.0 on select models, which automatically reallocates core and graphics processor resources to accelerate performance, giving users an immediate performance boost when needed. Available from NCR directly and via indirect partners who are part of the NCR Interact Global Partner Program, the NCR RealPOS 82XRT supports multiple operating systems, including Microsoft® Windows® 7 Professional, Microsoft® Windows® XP Professional, Microsoft® Windows® Embedded POSReady 7 and Microsoft® Windows® Embedded POSReady 2009, and SUSE® Linux® Enterprise Point of Service 11.

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ScanSource Announces Executive Promotions

ScanSource value-added distributor of specialty technology products promoted Paul Constantin president of ScanSource POS/Barcoding North America and Tony Sorrentino president of ScanSource Security North America. Constantine most recently served as VP, merchandising for ScanSource Security and has more than 17 years of technology distribution experience, including six years in the POS/Barcoding business unit. This after having served as VP, solutions and services at ScanSource. He most recently served as vice president of sales for ScanSource Security and has been with the Security business since its inception in 2004. Sorrentino has more than 12 years of technology distribution experience and previously served as VP, merchandising for ScanSource Security and Director of Merchandising for ScanSource POS/Barcoding.

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U.S. Bank and American Express Partner to Promote Economic Growth

American Express and U.S. Bank, the lead bank of U.S. Bancorp, have joined forces to spur business growth in economically challenged communities and provide jobs for at least 3,000 workers. U.S. Bancorp Community Development Corporation (USBCDC), a wholly-owned subsidiary of U.S. Bank, arranged and will manage a $74 million New Markets Tax Credit fund for American Express. The fund has provided capital for the construction and operation of 11 real estate developments and operating businesses throughout seven southern and western states including Alaska, Arizona, California, Louisiana, Oregon, Utah and Washington. The projects are anticipated to directly produce more than 1,600 construction jobs, increase the sustainability of 100 jobs and create more than 1,300 full-time positions.

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Agilysys and Modiv Media Partner to Accelerate mCommerce Adoption

Agilysys proprietary enterprise software, services and solutions to the hospitality and retail industries, and Modiv Media, the leading mobile shopper marketing company, announced a partnership to deliver in-store mobile shopping solutions to grocers nationwide. The partnership enables grocers to enhance the shopping experience through the use and integration of mobile technologies, personalized offers, coupon targeting, mobile self-checkout, mobile payment and rapid integration with IBM point-of-sale (POS) systems. As the foundation of its mobile commerce efforts, Modiv Media enables Agilysys to bring an industry-proven solution to its large base of retailers.

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Merchant Warehouse Launches Business MGR Solution

Merchant Warehouse secure payment processing solutions and merchant account services introduced its “CB Mobile Office” suite of online tools designed for independent sales agents. By leveraging a tablet or other mobile device, agent representatives are empowered to more efficiently interact and streamline vital processes when working with merchants. A key driver of that adoption will be availability of mobile sales force automation applications such as Merchant Warehouse’s “CB Mobile Office.” It benefits agents by increasing their credibility with merchants and offering a seamless sales process, reducing the time associated with completing and submitting applications and allowing agents to show merchants potential savings immediately.

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Equinox Payments Achieves PCI PTS 3.x Comliance

Equinox Payments achieved PCI PTS 3.0 compliance for its L5200, L5300 and L5400 multimedia payment terminals. This will expand the scope of compliance by adding three new modules for open protocols, integration, and secure reading and exchange of data. The L5000 series can be used throughout the entire retail store. In-aisle product location, barcode price checking, gift card loading, wedding registry processing at kiosks, and health insurance card processing in the pharmacy are just a few of the options offered by this extremely flexible line of terminals. Equinox’s full X509 public key infrastructure (PKI) security layer is embedded in every model to protect terminal applications from hacking and malware attacks while the L5000 product line incorporates Equinox’s Remote Key Injection System for quick and secure on-site, in-store or in-lane payment terminal key injection at the point of sale.Equinox Payments Achieves PCI PTS 3.x for Next-Generation L5000 Product Family.

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Vantiv Launches PCI Security Solution

Vantiv launched its Vantiv “Secure” card data security solutions, featured at Booth #2134 during the National Retail Federation’s Annual Convention & Expo in New York City. Vantiv specializes in the development of practices and solutions that help keep payment data safe. Vantiv Secure aligns Vantiv’s stand alone merchant security products under one name providing a more efficient way for merchants to identify and implement the security solutions they need. Vantiv “Secure” gives merchants a way to protect their business with “PCI Assist,” “Point-to-Point Encryption” (P2PE); Tokenization; and Breach Assist. It also helps merchants adopt data security best practices and follow important steps that lead to PCI DSS compliance and validation.

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