Valve Extends Partnership with GlobalCollect

Valve is the creator of games and social entertainment platform and has benefited from GlobalCollect’s extensive experience of worldwide payment processing as well as its in-depth knowledge of alternative payment methods, cultural payment preferences, and monetizing video gaming platforms. Valve extended partnership with GlobalCollect thanks to its stable infrastructure with great uptime thanks to its fully redundant platform; customer service; a continually expanding portfolio of local payment methods; knowledge of local markets and culturally preferred payment methods; guidance on constantly evolving legal requirements and banking regulations; and consultancy on online game monetization models in established and emerging markets.

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2011 BANKRUPTCY FILINGS DOWN 12% FROM 2010

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For the month of December, total bankruptcy filings were down 16% from the 114,738 year ago period to 96,264. This is also down from the November 2011 figure of 100,980. For all of 2011, States with the highest per capita filing rate (total filings per 1,000 population) during all of 2011…

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TSYS Inks Pivotal Payments Payment Services Agreement

TSYS has signed an agreement with Pivotal Payments to serve as the preferred provider of authorization, settlement and dispute resolution services for the North America-based company. With more than 60,000 merchants and processing in excess of $10 billion in credit card payments annually, Pivotal Payments will leverage TSYS’ proven payment solutions to enable the capture of additional market share. Pivotal Payments provides merchant services such as credit and debit card processing, electronic check conversion, merchant cash-advance programs, loyalty/gift card programs, and terminal management solutions.

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First Data Shows Strong December Retail Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation electronic commerce and payment processing released its First Data “SpendTrend” analysis for the full month of December 2011 compared to December 2010. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, the analysis found dollar volume growth on cards…

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Wells Fargo Appoints Lead Director

Wells Fargo announced that the independent directors of its board appointed Stephen W. Sanger, 65, as lead director effective January 1. Having served as a director since 2003, Sanger previously served as chairman, CEO and director of General Mills, Inc., Minneapolis, Minn., where he utilized his corporate strategy, sales, and marketing skills in leading one of the world’s largest food companies and developing some of its best-known consumer brands. He has extensive corporate governance and executive compensation experience and serves on the governance and audit committees of Pfizer Inc. and on the governance and compensation committees of Target Corporation.

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Visa and Better ATM Services Debut ATM-Dispensed Gift Cards

Visa and Better ATM Services unveiled its ATM-dispensing Visa Gift cards in addition to cash at existing ATMs. Across Arizona, Credit Union West, MariSol Federal Credit Union, and Pinal County Federal Credit Union are participating in the first pilot programs, and have already begun offering their members this quick and easy way to purchase Visa Gift cards. For these pilots, ATM menu screens now include a “Purchase Visa Gift Card” option and prompt to designate the value to load on each card. Cards are available with no activation fee in $25 denominations during the pilot. The new ATM-dispensed Visa Gift card is made of a durable yet thinner material, which allows cards to easily pass through the cash mechanisms of ATMs.

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Visa Certifies Smartphones for Visa mPayment Devices

Visa and Visa Europe announced that NFC-enabled smartphones from Samsung Electronics, LG Electronics and Research In Motion (RIM) have been certified for use with Visa’s mobile application for payments at the point-of-sale, Visa payWave. The Samsung Galaxy SII, LG Optimus NET NFC, BlackBerry® Bold™ 9900, BlackBerry Bold 9790, BlackBerry® Curve™ 9360 and BlackBerry Curve 9380 have been added to the list of Visa compliant payment products available for commercial deployment by financial institutions. All the new devices certified by Visa host the Visa payWave application on a secure SIM card and feature NFC technology.

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Fiserv Appoints Top Execs

Fiserv financial services technology solutions announced several executive appointments to focus on growth opportunities. These include Shawn Donovan as Senior VP and Chief Sales Officer. Bringing nearly 25 years of sales and account management experience to his new role leading the global sales organization, he was most recently Executive VP for Acxiom Corporation, a position he held since 2008. Shawn led the Global Sales Organization, U.S. Business Unit, and Global Consulting Group at Acxiom where he was responsible for the company’s growth strategy and its execution, leading the worldwide sales and consulting organizations, and the U.S. client management team. Also, Steve Tait will assume a new role as Group President of international operations, leading sales, service and delivery functions outside the U.S. where Fiserv currently serves more than 1,000 clients. Tait joined Fiserv in 2009 and had most recently been Group President, Depository Institution Services, which includes Fiserv bank and credit union account processing operations.

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Regions Bank Joins the Secure Vault Payments Network

Secure Vault Payments added Regions Financial Corporation to the Secure Vault Payments Network and now will offer the online payment option to customers in 16 states. Secure Vault Payments online payment method links consumers directly to their bank account without a middleman. Secure Vault was developed by NACHA ” The Electronic Payments Association® and eWise, a provider of online and mobile payment solutions. Secure Vault Payments is a payment system designed specifically for banking customers; whether they are merchants, billers or consumers and can select their bank, log into their bank’s online service from the merchant or biller checkout page, select the bank account they want to use to pay, and confirm payment.

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GreatCall and Experian Partner to Protect Jitterbug User IDs

GreatCall wireless services announces a new collaboration with Experian’s “ProtectMyID” full-service provider of identity protection and resolution. With this, GreatCall customers who purchase the Jitterbug cell phone will be eligible to receive a free, one-year membership to “ProtectMyID.” By combining an identity protection product with GreatCall apps and services, Jitterbug customers will now be protected. Feeling secure about your personal finance information is just as important as feeling confident about your physical well-being.

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Wells Fargo mBanking App Now Available from Amazon

Wells Fargo customers who use Android-powered smartphone and tablet devices can now keep track of their finances while on the go with Wells Fargo Mobile banking services. Wells Fargo & Company announced its new Wells Fargo Mobile banking app for Android is available for download from the Amazon Appstore for Android. In addition, Wells Fargo Mobile banking apps are available via the Android Market, Apple App Store, BlackBerry App World and HP App Catalog.

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UniBank Implements Jack Henry Processing

UniBank has selected the Jack Henry Banking “SilverLake” core processing system to provide enterprise-wide automation. The bank will implement SilverLake through Jack Henry Banking’s outsourced offering. UniBank will also initially implement an array of Jack Henry Banking’s complementary solutions including ArgoKeys Branch Sales Automation; the Synapsys sales, marketing, and customer service solution; the Opening Act online deposit and loan account opening solution; components of the jhaPassPort ATM and debit card transaction processing platform; Yellow Hammer Fraud Detective; and Yellow Hammer BSA.

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