Fiserv Improves Commercial Signature platform

Fiserv enhanced its “Signature” bank platform for large to mid-tier U.S. financial institutions. Offering solutions allowing banks to generate new sources of revenue and improve efficiency, the improvements include the opportunity to deploy an enterprise level pricing strategy for all account types, access to a single view of bank customers across channels and lines of business, and technology that expands revenue generation opportunities for commercial bankers. Signature 11.1 introduces Single Customer View for Signature, a value-added banking service which utilizes service-oriented architecture (SOA) to integrate applications, streamline business processes and align IT. Other enhancements in Signature 11.1 include convenient access to Fiserv-managed cardholder applications and data via Signature and AperioTM from Fiserv and a new browser-based user interface (UI).

Details

SHAZAM Deploys Dual-Message PIN Transactions With EMV

The SHAZAM Network announced the creation of a dual-message PIN product and plans to expand its support of EMV. The product will use a dual-message transaction with separate authorization and settlement messages for PIN-based transactions, a capability previously only available on signature-based transactions. This support for both single and dual-message PIN products will allow SHAZAM debit cardholders to make PIN-based purchases at more online retailers than ever before. In addition to e-commerce, the dual-message PIN product will be useful at brick-and-mortar merchants that accept signature debit transactions, like restaurants, car rental companies and hotels. SHAZAM acquirers can send SHAZAM transactions using the standard dual-message processing logic they use today with the added security of a PIN in the authorization message.

Details

AmEx OPEN to Launch Online Travel Booking

American Express announced the impending launch of a new online travel solution designed for small businesses, powered by Rearden Commerce eCommerce platform company. This will help small firms benefit from best in class corporate negotiated rates for airfare, hotel and car rental provided by American Express Global Business Travel. Business owners will also have access to other features such as reporting capabilities, in-destination services, and the ability to set policy controls for employee business travel spending to control costs. And for the first time, small businesses will be afforded a holistic view of travel spend across their entire organization for company-wide travel expense visibility. With this, American Express OPEN Cardmembers will be able to use Membership Rewards currency when booking through the new portal, while also earning extra rewards points when they choose to purchase using their American Express card.

Details

Samsung Introduces Advanced Printer Line

Samsung Electronics America announced its newest lines of monochrome laser, multifunction printers ideal for a variety of environments from the small-to-midsize business to the home office. The SCX-4729FD, wireless SCX-4729FW, ML-2955ND and wireless ML-2955DW offer sleek designs, eco-conscious options and features that increase performance and productivity. The multifunction SCX-4729FD, SCX-4729FW as well as the ML-2955ND and ML-2955DW single function printers provides ease of use with printer speeds up to 29 pages per minute (ppm), built-in duplexing and processor speeds of 533 megahertz (MHz). In addition, the SCX-4729FD and SCX-4729FW have increased functionality with built-in scan and fax functions, higher than industry average automatic document feeder (ADF) capabilities and a pop-up numeric keypad.

Details

Fujitsu Advances Retail Suite with Easy Integration

Fujitsu launched its “Retail Suite” unified solution for POS, retail data management and reporting, the management of customers, returns, and gift cards. Fujitsu Retail Suite version 4.2 increases support for global retailers, making it the perfect solution for companies that want to run the same system for every country in which they operate. The new version also delivers an enhanced view of customers across all selling channels, promoting greater customer satisfaction. Version 4.2 now features expanded configuration capabilities for ease of use, workflow and branding. For improved security, version 4.2 ofGlobalSTORE(R) software, the award-winning Fujitsu POS solution included in the Fujitsu Retail Suite, has achieved PA-DSS 1.2 certification from the PCI Security Standards Council, which will help retailers to ensure high levels of payment card data security across the global, multi-channel retail environment. Version 4.2 of the Fujitsu Retail Suite adds support for Windows(R) 7 desktop and SQL 2008 R2, also includes Country Packs, a variety of services that simplify entry into countries beyond the U.S. Supported by a worldwide Fujitsu presence and extensive knowledge of retailing, Fujitsu Retail Suite 4.2 Country Packs make it easier to open new stores in new countries by providing language translations as well as country-specific currency, tax and measurement control and management.

Details

TSYS Appoints Head of Global Product

Paul Bridgewater has appointed group executive, global product, with TSYS. A 23-year veteran of the payments and financial services industry, Bridgewater served as senior VP, payments, with Digital River, managing all aspects of its multi-million dollar internal payment services business unit. Bridgewater’s additional responsibilities at Digital River included product management and roadmap execution, third-party payment vendor relationships, payment services strategy, and real-time fraud and risk mitigation for its external payment services business. He also brings international payments experience from Citibank International, NatWest Bank, PLC, and Anker Data Systems.

Details

Alaric and Cuscal ink payments agreement

Alaric International forged agreements with Cuscal transactional and wholesale financial services provider to the mutual and independent banking sector. To improve transaction capabilities for its customers, Cuscal is migrating to an intelligent in-house payments model and has selected Alaric International, a leading supplier of advanced technology payments products and services. The full deployment of Alaric’s services to Cuscal, which commenced in December 2010, comprises two world leading applications – the Authentic payments platform and Fractals, an advanced fraud detection engine. Focused on uniting payments processing with fraud detection, Alaric will allow Cuscal customers to compete more effectively with major banks in the fast moving Australian payments industry. Authentic is being used to drive the Cuscal-owned ATMs within the RediATM national ATM network, issue and authorise a large portfolio of scheme and proprietary debit cards, provide back office integration to a large number of banking host systems, connect to the card schemes and into the rest of the Australian payments landscape.

Details

Europe Responds to ATM Interchange, Surcharging

With Mastercard implementing a 65% reduction in ATM interchange in Poland, which Visa replicated a few months later, ATM operators responded with shelving planned deployments and upgrades where they could and, of course, the supplier network was hit with a hard thud. It was not just the industry participants feeling this impact, but the Polish consumers outside of the urban areas are now further away than ever from getting 24/7 access to their cash via an ATM. Last month witnessed a reduction in ATM interchange in France where the previous rate had been in force since before the introduction of the euro. And in the past few days we have seen another UK bank cut access to rival ATMs for some account holders, citing that the LINK interchange rate cannot sustain this level of service to these particular accounts, which are currently loss-making for the bank.

Details

Western Union Expands Footprint Through Magnet Bureau De Change

Western Union global payment services expanded its global Agent network to Namibia thanks to agreements with Magnet Bureau de Change. With the launch of Western Union services in Namibia, consumers across the country will have another option for sending and receiving remittances. The World Bank estimated the remittance market in Namibia at approximately $30 million in 2010.

Details

Qatar National Bank announces campaign winners

QNB “Use & Win” campaign awarded 20 Lucky winners, whom will have payments made to Kahramaa and Qtel for the month. All QNB and Non QNB customers who used QNB ATMs to make Kahramaa and Qtel Bill payments were eligible for the promotion.The lucky draw was open to everyone in the country and included both QNB customers and customers using the ATM cards of other banks to complete their transactions. The winners included both QNB and non-QNB customers. This promotion is part of a five-month campaign, which started on 02 May 2011 and ends on 30 September 2011, during which QNB will offer anyone paying their Kahramaa and Qtel monthly bills or purchasing Qtel’s prepaid services through the Bank’s ATM network, the chance to win a grand prize Jeep Grand Cherokee.

Details

Sequans’ 4G Partners NetComm for Connectivity

4G chipmaker Sequans Communications signed licensing agreement with NetComm Limited to supply an advanced semiconductor solution for TD-LTE connectivity. Sequans’ technology will be used in the LTE devices built by NetComm for Australia’s National Broadband Network, a provider of high performance broadband communications devices, selected Sequans to provide the TDD-LTE semiconductor technology required for the development of LTE access devices designed to support the rise in LTE TDD operator trials, commitments and deployments. NetComm designed and built LTE devices are based on Sequans’ SQN3000 series 3GPP R8 compliant LTE technology that supports up to 100 megabits per second of throughput.

Details

Al Baraka Islamic Bank 1H/11 Net Income Up 48.9%

Al Baraka Islamic Bank continued to perform throughout 1H/11, posting a total operating income up 57.97% and net operating income by 48.94% from the year ago period. Meanwhile, total assets increased by 8.46%, loan and investment portfolio by 13.78% and total deposits by 9% as at the end of June 2011 compared to the end of December 2010. There was net income of BD 1.28 million during the first half of 2011 compared to a loss of BD 96 thousand during the first half of 2010. This reflects an improvement in the total income of the bank which amounted to BD 8.4 million compared to BD 5.32 million during the first half of 2010, an increase of 57.97%. After deducting operating expenses, net operating income amounted to BD 954 thousand, an increase of 48.94% over the first half of 2010. The improvement in the bank’s profits reflects an increase the bank’s business both in Bahrain and Pakistan, improvement in the quality of income-generating assets as evidenced by a decline in the volume of non- performing assets and a higher income from foreign trade financing and arrangement of new financing deals.

Details