ABCUL Implements Fis pre-paid card program

Fis banking and payments technology has reached an agreement with the Association of British Credit Unions Limited (ABCUL) to support the launch of a prepaid card program for ABCUL’s credit union members. ABCUL is the premier trade association for credit unions in England, Scotland and Wales. The association has nearly 300 members, representing around 70 percent of credit unions in the UK, which in turn provide services to 85 percent of British credit union membership. The latest FSA, unaudited figures show that more than 890,000 people are using credit unions in Great Britain.

Details

Visa & Emirates Airlines reward cardholders

Visa forged its latest partnership with Emirates Airline, offering their exciting promotion ‘Summer Smiles in Dubai,’ giving families travelling with up to two children under 12 the opportunity to receive savings on flights then booking with their Visa debit or credit card. The “Summer Smiles” promotion offers families 50% discounts on flights for two children under the age of 12, when travelling with an accompanying adult; free and reduced access for selected variety of top attractions in the city; and complimentary 96 hour visas for up to 2 children under the age of 12.

Details

FIS wins core banking conversion deal

FIS announced that it continues to sign new clients for FIS’ core solution platforms including United Bankshares, which will deploy FIS’ Integrated Banking Services (IBS) core processing solution. United Bankshares selected IBS open core processing solution for its functionality, scalability and strong integration capabilities. United Bankshares will become an approximately $9 billion bank holding company upon completion of its latest acquisition and currently has 111 full-service offices while FIS provides core solutions to meet the demands and attributes of each market segment ranging from community and mid-tier institutions to large and global commercial banks.

Details

Wirecard expands risk management services

Online retailers can now implement Wirecard AG’s business intelligence tools and estimate the effectiveness of the risk management strategy that they employ. In addition, they also benefit from the maximum amount of transparency on how central fraud parameters develop over time. The advantages are obvious: shop operators have greater control of fraud as it occurs, thus allowing them to optimize their revenues. With this, Wirecard AG has expanded its “Fraud Prevention Suite” risk management system that identifies suspicious data and/or behavior patterns in real time. The new solutions also provide an overview of transactions which the card-issuing banks report as fraud to the card companies for credit card payments.

Details

APS Inks council pre-paid card contracts

Advanced Payment Solutions (APS) has won contracts to provide prepaid card programs to Merton, Nottinghamshire and Bury councils. The three councils will enhance their benefit disbursement service to customers with prepaid “Cashplus” MasterCards from APS, which offers free multiple fund loads across the faster payments network via existing bank accounts. Removing cash and replacing it with prepaid cards has a number of benefits for councils including better security, more control and more transparent auditing of what is actually being spent by customers. Prepaid also eliminates cumbersome manual processes in getting funds to customers.

Details

UK Payments Council seeks interest on m-platform

The Payments Council has launched a project to help UK banks and building societies deliver mobile payments and evaluate what the core service might look like for customers. With this, they are inviting high calibre suppliers to submit an expression of interest to be considered as potential suppliers to help us design, build and operate a common infrastructure platform. The Payments Council kicked off this project as part of its commitment to lead payments innovation and provide a new service to UK personal customers with a mobile phone.

Details

U.S. Bancorp Lending Standards Help Boost Revenue

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bancorp reported net income of $1,203 million for 2Q/11 due to year-over-year growth in total net revenue and a reduction in the provision for credit losses. This includes renewed lending intitive, including $2.0 billion in lines of new credit card accounts, and strong year-over-year growth in payments-related fee income thanks…

Details

FIS Payment Division Sees Marginal, 4.1% Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS banking and payments technology reported 2Q/11 financial results, showing revenue from continuing operations increased 13.4% to $1.44 billion compared to the year ago period of $1.27B. GAAP adjusted net earnings from continuing operations totaled $171.7 million compared to the year ago figure of $181.0 million. Meanwhile, the Payment Solutions division…

Details

Isis Forms JV With All Four Payment Networks

Visa, MasterCard, Discover and American Express will join the Isis national mobile commerce JV between AT&T Mobility, T-Mobile USA and Verizon Wireless in its m-commerce initiative. With a four-payment network, Isis is focused on providing merchants and consumers phones and payment terminals with freedom of choice when it comes to payment network acceptance. Isis will bring mobile commerce to consumers and merchants by using mobile phones to make point-of-sale purchases through NFC technology for a secure and convenient way to pay, redeem coupons and store merchant loyalty cards.

Details

Element Solution Validated to Take ISVs out of PCI Scope

Element Payment Services PCI compliant payment processing announced their “Hosted Payments” solution integration option to its “Express Processing Platform” has been validated by Trustwave for its ability to remove software applications from the scope of PCI DSS. The objective of the assessment was to determine the applicability of the PCI DSS and PA-DSS to software applications integrated to Express via Hosted Payments, which Trustwave confirmed eliminates integrated software vendor’s (ISV’s) applications from the scope of PCI DSS and PA-DSS compliance requirements. The “Hosted Payments” platform removes the need for software applications to handle cardholder data as part of authorization and settlement while preserving the benefits associated with integrated payments. Trustwave also confirmed “Hosted Payments” meets the definition of a hosted application, as defined by PCI SSC.

Details

Remit4Change & ATMCASH Launch Remittance

TIGRA enlisted ATMCASH to help promote its community reinvestment and consumer empowerment in the money transfer industry. ATMCASH leverages MasterCard’s network of 1.5 million ATM machines worldwide to facilitate remittance through such channels as ATMCASH.com and via the phone at 888 ATM-CASH. Immigrants from the Philippines, Mexico, Bangladesh and over 150 other countries, can now securely and economically send money home. TIGRA Accreditation represents ATMCASH’s pledge to provide a transparent and accountable remittance platform -and, for every Remit4Change member that signs up for their service, ATMCASH will reinvest $20 into our community organizations.

Details

American Express Launches New Facebook App

American Express launched its Facebook “Link, Like, Love” application that delivers cardmember deals, access and experiences based on the likes, interests and social connections of cardmembers and their Facebook friends. On the American Express Facebook page, cardmembers can link their cards to the program and choose their favorite deals; American Express will send statement credits to cardmembers’ accounts as they shop online or in stores, without the need to pre-purchase anything, print out or show a coupon at the point of sale. When cardmembers use the “Link, Like, Love” application on the American Express Facebook page, they will be connected to a personalized dashboard through which American Express will deliver deals, content and experiences based on their Facebook likes and interests, as well as the likes and interests of their friends. Cardmembers can choose the deals they want and then use their card as they usually do. American Express will send statement credits to their card accounts – no coupons, no print-outs.

Details