National Bank of Canada Intros international direct payment

National Bank launched its International direct payment solution that will allow National Bank Client Card holders to use their debit cards worldwide via the Maestro network. Subsequently, Client Card holders will have greater access to their funds and be able to pay for purchases via Maestro at more than 13 million participating merchants in more than 100 countries around the world. As in Canada, clients simply need to enter their PIN to authorize the payment and the purchase amount is debited directly from their bank account.

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G&D Roaming Solution Maximizes Bell Mobility Network Efficiency

In order to deliver the most rewarding and effective roaming experience to clients while increasing its network efficiency, Bell Mobility has again turned to Giesecke & Devrient (G&D) – a leading developer of SIM and Mobile Device Management (MDM) software for wireless service providers. G&D has supplied its SmartRoam™ platform to Bell Mobility to work in concert with other network roaming elements for a centralized Outbound Roaming Solution (ORS). That is possible due to the G&D software which creates and optimizes Over-the-Air (OTA) updates based on SIM-card and client characteristics. SmartRoam helps wireless operators such as Bell Mobility reduce related expenses and ultimately drive down operating expenditures. G&D’s patented technology enables OTA provisioning of roaming preferences and SIM ToolKit commands based on real-time events received from the network.

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RHB Implements Fiserv Risk Management

RHB Banking Group (RHB) has chosen Fiserv to support the bank’s interest-rate risk and liquidity risk management strategies. With more than US $43 billion in assets, RHB has seven distinct strategic business groups, with headquarters in Kuala Lumpur. RHB is focused on enhancing its risk infrastructure and analytics bank-wide to help ensure continued growth as Malaysia’s economy regains momentum. The Fiserv solution is used to manage integrated and advanced liquidity risk, interest-rate risk, market risk, credit risk and economic capital – essential components of effective corporate governance and enterprise risk management.

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United Nations FCU & Gemalto Publicize Chip & PIN Payment

United Nations Federal Credit Union’s (UNFCU) globally compliant chip and PIN credit cards with newly released results of the financial cooperative’s effectiveness study. UNFCU’s analyses demonstrated significant increases in member demand, satisfaction and spend achieved during the period October 2010 to February 2011, compared to the previous year, showing + 153% in card applications, + 382% in credit lines booked, + 20% for revolving balances, and, + 15% in overall purchases. UNFCU recognized the need for a universal, convenient and secure payment card. Through the World Traveler program, Gemalto provides UNFCU with complete issuance service, including full card design, production and personalization. This program has aided UNFCU in serving members, particularly those located in the field and in extreme situations. For example, UNFCU reissued cards for members after the earthquake in Haiti.

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Ceridian SVS Advises on Growing Prepaid Card Industry

Ceridian Stored Value Solutions (SVS) attended the 1st Southern Africa Gift & Prepaid Seminar bringing its considerable experience and expertise to provide support and advice to the emerging prepaid market. In partnership with DrawCard, SVS attended the oversubscribed 1st Southern Africa Gift & Prepaid Seminar at the end of June in their role as a founding member of Global Prepaid Exchange. The Seminar, organised by Global Prepaid Exchange in partnership with Visa, has been described as the leading thought leadership forum for retailers, industry service providers and experts working in the gift & prepaid space in Southern Africa.

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Apriva and Open Solutions Intro contactless vending

Apriva end-to-end wireless transaction and secure information solutions, announced a strategic initiative with Open Solutions to deploy EMV-compliant contactless debit and credit card acceptance technology for vending machines and unattended devices. EMV-compliant payment solutions enable vending operators to enjoy the profound business advantages realized through cashless technology, while cost-effectively satisfying regulatory mandates. The joint offering is based on Apriva’s highly successful Apriva Vend cashless vending solution and is expected to be deployed later this year. Open Solutions ATM, credit and debit card service provider is a Direct Connector member of the Interac Association, a national payment network that allows Canadians to access their money through automated banking machines and point-of-sale terminals across Canada.

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Standard Bank Unveils M-Remittance

Money transfers have just become easier with Instant Money, the Spar money transfer platform powered by Standard Bank. INSTANT MONEY allows individuals to send cash to friends and family members through their retail distribution network. Enhancements to INSTANT MONEY now make it possible for Standard Bank account holders to send money to mobile phones directly from their bank account. Once the sender has processed the payment from their Standard Bank account, the recipient receives an INSTANT MONEY voucher code and notification of the payment on their mobile phone. The payment can be redeemed for cash at participating SPAR store.

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Consumer Credit Outstanding On its Way Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.432 trillion in outstanding US consumer debt, total outstanding revolving credit edged up in May by 5.1% to total $793.1 billion. This compares with the April figure of 789.8, down 1.3%, and is inconsistent with trends over the past 2 and half years showing revolving consumer credit plummeted…

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TSYS Announces Group Exec Promotion

Bob Kellum has been promoted Group Executive of TSYS Output Services and will now oversee the daily operations of statements, cards, correspondence and specialty printing production, plus strategic planning for the Output Services Division. A 22-year TSYS veteran, Kellum was most recently a senior director, responsible for distributed systems and production support for both domestic and international platforms. He also has experience in various management roles supporting major clients in relationship management. He holds a bachelor’s degree in business administration from Columbus State University.

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Regions Bank Launches Fiserv Person-to-Person Payments

Regions bank launched its “Personal Pay” person-to-person payment solution, powered by “ZashPay” from Fiserv. The new service allows checking and money market customers who use Regions Online Banking to send or receive money from anyone who has a U.S. bank account. Without the need for cash or writing a check, to send a payment a customer only needs a recipient’s email address or mobile phone number. Customers can access “Personal Pay” from the Payments section of Regions Online Banking. Recipients of funds are alerted via email or text about claiming their payments, and the sender receives an email confirmation once a payment is made. Funds can be deposited in as little as one business day.

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U.S. Olympic & Paralympic Hopefuls Gain Visa Sponsorship

Visa is set to sponsor four new U.S. Olympic and Paralympic hopefuls on their journey to the London 2012 Olympic and Paralympic Games for a total of 10 U.S. Olympic and Paralympic hopefuls. Visa-sponsored athletes and their inspiring stories will be featured prominently throughout Visa’s Olympic-themed marketing campaign – Go World – to connect with cardholders and help drive preference for and usage of Visa products worldwide. Visa will support more than 50 individual athletes including Olympic gold medalists Yelena Isinbaeva (Russia), Emanuel Rego (Brazil) and Valerie Adams (New Zealand) along with national teams from more than 20 countries, including the United States, Canada, Brazil, China, United Kingdom, South Africa and Russia.

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CoVantage FCU to Implement Tyfone mWallet Service

CoVantage Credit Union (CVCU) chose Tyfone to provide its comprehensive suite of mobile wallet services so that it may better serve CVCU members with mobile financial services. Tyfone’s mobile wallet services include Symitar Episys core integrated mobile banking, enhanced strong ID authentication mobile security and NFC contactless payment technology. This comprehensive mobile wallet includes a neutral secure element in a memory card so the user experience is dictated by the Credit Union without disintermediation by the mobile industry. The Tyfone “u4ia” platform in addition to mobile banking, enables secure NFC contactless payments and enhanced strong ID authentication, providing end-to-end secure digital wallet and payment services by the Credit Union and for Credit Union members.

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