Walmart Expands Check, Card Cashing Services

Walmart expanded check cashing and card cashing services at stores nationwide, including the ability to cash payroll and eligible government benefits cards to the penny. The expansion includes cashing most types of pre-printed checks up to $5,000 and accepting more forms of ID for check cashing, as well as establishing Express Check Cashing check-out lanes at selected stores during peak hours. Walmart will now cash Rebate; Student loan; 401k; Retirement; Loan; IRA; Pension; Expense; and Insurance checks, along with MoneyGram money orders. Walmart cashes checks and cards up to $1,000 for $3, and cashes checks up to $5,000 for $6, offering significant savings over many other check cashers.

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NetSpend & Prepaid Resources Launch Debit Card

NetSpend Holdings underbanked services launched “BenefitsExpress” private-labeled automated direct deposit enrollment management application engineered and powered by Prepaid Resources prepaid debit. This value-added functionality is designed to attract and manage cardholder direct deposit activity derived both on-line and through participating retail distributors. NetSpend plans to use “BenefitsExpress'” electronic enrollment to drive and retain greater direct deposit volume by closely managing each cardholder’s experience beginning with the acquisition and registration process and continuing through the life of their benefit entitlements, resulting in a cardholder with recurring direct deposit loads, increased card usage, longer account retention and greater satisfaction.

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Level Four Conforms to American Disability Act

Level Four Software by January 2012 will have its “BRIDGE:test” product ready for financial institutions and ATM deployers to conduct fully automated end to end testing of new voice guidance functionality at the ATM. Level Four is now creating the required updates to its Regression Test Manager product in BRIDGE:test. The solution will be demonstrable to external customers from August 15th 2011 via Webex and those interested in finding out more should contact the company. This is in response to the U.S. Department of Justice having issued a final ruling on new accessibility standards under the Americans with Disabilities Act (ADA), imposing new standards around ATM accessibility.

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92,408 Citi Customers’ Card Info Breached

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citi Cards Japan disclosed certain personal information of 92,408 customers has been obtained and sold to a third party illegally. The information that has been compromised includes account numbers, names, addresses, phone numbers, date of birth, gender and the date the account was opened, and only affects CCJ cardholders. It has…

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Chargeoff Improvement Kinks, Still Expected to Improve

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sixty plus day delinquency numbers have steadily decreased since the peak of 4.96% in January 2010 to 2.37% in the July 2011 reporting period. Now Fitch is making projections for chargeoffs to improve, after having come down from a peak of 12.66% in April 2010 to a 12 month average gross…

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DOJ Settles Verifone-Hypercom Acquisition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Department of Justice announced in order for VeriFone Systems to complete its acquisition of Hypercom, it must divest Hypercom’s United States POS terminals business to an entity sponsored by Gores Group. The department said that the divestiture should eliminate the merger’s potential to harm competition in the sale of POS…

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CARDTRONICS Expands ATM NETWORK WITH KROGER

Cardtronics retail ATM owner expanded its ATM management services agreement with The Kroger grocery retailer, having added 350 ATMs to both its retail ATM footprint and Kroger relationship, which was first conceived in 2010. The ATM additions are underway in Ralphs, Food 4 Less and Foods Co. grocery stores in California and Nevada, as well as Tom Thumb convenience stores in Florida and Alabama. As the largest single provider of ATM services to the Kroger family of stores, Cardtronics now manages ATMs in more than 1,150 Kroger-owned grocery and convenience stores, with that total spread across 32 states and 13 of Kroger Co.’s local banner names. Overall, Cardtronics operates over 37,100 ATMs in the United States, the United Kingdom, Mexico, and the Caribbean, primarily with well-known retailers such as 7-Eleven, Chevron, Costco, CVS/pharmacy, ExxonMobil, Hess, Rite Aid, Safeway, Target, and Walgreens.

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Payment Data Sees Record Processing in July

Payment Data Systems electronic payments solutions announced July 2011 set a record for its transactions processed, with the Month’s ACH (electronic check) processing volumes the highest in its history. Volumes were up 85% and ACH returned check transactions were up 144% from the year ago period while credit card processing dollar volumes were up 26% from June of 2011 and up 64% over July of 2010. Payment Data Systems is an integrated payment solutions provider to merchants and billers and provides products to deliver payment acceptance.

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Oceanside Software Earns PA-DSS 2.0 Certification

Oceanside Software Corporation formally announces PA-DSS 2.0 certification for their flagship product, Oceanside Point-of-Sale. The overall goal is to accept electronic payments while also protecting the cardholder’s personal data. In July of 2010 the PCI-DSS standards council mandated that all payment applications certify in accordance with the payment application data security standard, for which Oceanside Software received official acceptance as a validated payment application. This accomplishment marks a tremendous milestone for Oceanside as they are one of only a handful of companies that have officially certified against the latest 2.0 standard.

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eLayaway Adds Wedding Rings Depot to Merchant List

eLayaway internet layaway payment processor added Wedding Rings Depot to its merchant base, supporting eLayaway’s current growth and expansion strategy. eLayaway continues to invest significant funds into its proprietary technology that will drive its revenue model and bring the Company closer to profitability. The prime timeframe for researching and paying for the rings was 6 months. eLayaway receives inquires from merchants throughout the US trying to meet their customers demand for layaway. eLayaway provides a one stop solution for both parties.

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Silicon Labs Launches ISOmodem POS Suite

EDOM Technology IC distributor launched Silicon Labs’ “Si24xx” ISOmodem family, featuring lower power, reduced BOM costs and flexible interface options. The “Si24xx” data modem ICs also address voice and machine-to-machine (M2M) communications for security and POS terminals. When combined with Silicon Labs’ “Si3000” voice codec, the “Si24xx” data modems support handset, speakerphone, voice menu and answering machine implementations. Developers can easily add telephony and voice functions to any embedded system, without the need for the dedicated voice processing ICs or host-based DSP software required by legacy approaches. The “ISOmodem” family supports specialized protocols used in security and POS applications.

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Cintas Document Management Earns PCI DSS Compliance

Cintas Corporation secure document management services, announced it earned PCI-DSS compliance for the fourth consecutive year. This verifies that all Cintas document storage and shredding locations continue to meet the stringent and comprehensive requirements set by the PCI Security Standards Council to ensure physical information security. Cintas’ cost-effective document management services are designed to provide businesses with data privacy and security, compliance with regulatory requirements and immediate access to information.

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