May Findings Show Indication of Stability

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As May consumer bankruptcies fell 16% nationwide from the year ago period from 136,142 to 114,803, unemployment posted very little change to 9.1% from 9% in April. Gains that were made in employment were most seen in professional and business services, health care, and mining while bankruptcies were down 15% from…

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Citi Cards Adopts FICO Scoring Analysis

Citi Cards has adopted the FICO’s “8 Score” as a key component of its credit policy function supporting both acquisitions prospecting as well as account management. Citi Cards has been conducting validations on the FICO “8 Score” over the past 18 months and found it improved the prediction of customer risk and is now using the score across many of its lending decisions. The FICO “8 Score” allows lenders to benefit from FICO’s advanced analytics and innovation while maintaining compatibility across their entire value chain, including internal systems, processes and practices as well as those of their business partners.

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DataCard Integrates Software With Instant-Issue Card Printer

Datacard Group secure ID and card personalization solutions’ “CardWizard” software version 5.3.2 is now fully integrated with the Datacard “FP65i” financial card printer, providing financial institutions a cost-effective way to instantly issue payment cards at the branch level. The “CardWizard” platform can support card printers, embossers, PIN entry devices and encoders using a centralized server component while the FP65i financial card printer is among many hardware devices with which it is compatible. Financial institutions can now deploy highly-secure yet cost-effective instant card issuance programs that can easily adapt to their growing needs, minimize deployment costs and maximize efficiency in their card programs.

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Intuit Introduces m-Banking App on Android

Intuit Financial Services has introduced a mobile banking application that makes it easier for Android smartphone users to manage finances from their mobile devices. Using the Android’s built-in features to help bank and credit union customers, it lets users view account balances and account transaction history. transfer funds between eligible accounts, pay bills on the spot, and locate nearby ATMs and Branches using the phone’s GPS capabilities. Financial institutions offering Intuit’s mobile banking solutions are already seeing tremendous growth in mobile interactions with customers. People at more than 300 U.S. banks and credit unions actively use Intuit’s mobile Web, text-message and downloadable application solutions to conduct their critical banking tasks an average of eight times per month.

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eMazzanti Technologies Intros PCI DSS Compliance Center for Online Merchants

A new website and knowledge center from eMazzanti Technologies PCI DSS support specialist provides information and a free PCI DSS compliance network assessment. The PCI DSS website knowledge center provides online businesses with the information and resources they need to become compliant. Visitors can get a free network assessment for PCI compliance; access a live podcast entitled: “Ten Myths of PCI Compliance;” download two white papers: “Finding Value in a Turbulent Economy with PCI DSS” and “PCI Requirements Mapping”; and find IT and PCI experts to implement solutions across businesses of all sizes. eMazzanti Technologies provides a six-step PCI DSS Compliance strategy to help protect website customers from a data breach and online merchants from legal and financial repercussions.

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Discover Bank and BJ’s Kick-Off Gift Card Offer

Discover Bank and BJ’s Wholesale Club are offering BJ’s “Inner Circle” members a gift card for opening a Discover savings account. The $25 BJ’s Gift Card and Rewards members will receive a $75 BJ’s gift card when they open a qualifying online savings account, money market account or certificate of deposit account through Discover Bank. Current BJ’s members must open a Discover online savings account with an initial deposit of at least $1,500, or open a Discover CD or money market account with an initial deposit of at least $2,500. All minimum balances must remain in the account for 90 days after the funding date to receive the gift card.

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TransEngen & iStream Forge Strategic Partnership

TransEngen transaction processing technology for healthcare has formed a strategic relationship with iStream Financial Services, a fixture in the Remote Deposit Capture (RDC) and payments industry. In doing so, TransEngen certified iStream’s Remote Deposit Capture and ACH payments platform, their strategic relationship helps to equip their healthcare clients and other business associates with a combined, best-in-class patient payments management solution. The TransEngen “Revenue Maximizer” payments solution integrates multiple offerings on one processing platform, including credit/debit card, electronic check conversion/ACH, Remote Deposit Capture, and online payments via a Patient Payment Portal.

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FINANCIAL PLUS FCU SELECTS CO-OP CREDIT

Seeking both operational efficiency and cost-savings, Financial Plus FCU has selected CA-based CO-OP Credit for credit card transaction processing, in addition to the debit/ATM processing already provided by CO-OP Financial Services. CO-OP Financial Services offers clients the simplicity and lower processing costs of a bundled debit and credit solution. CO-OP Credit is an internal credit processing solution provided through a single connection to the host and delivered with the same CO-OP fraud, chargeback and credit union servicing processes used for debit and ATM program support.

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EFT Source Introduces Instant Card Issuance

EFT Source announced its “Card@Once” product for financial institutions to easily and more affordably issue cards instantly. It allows banks and credit unions to provide debit, prepaid or reloadable cards to customers on-site within seconds. EFT Source partnered with Evolis, worldwide manufacturer of card printers, to develop the proprietary equipment, and the first Card@Once machines were delivered last week and are in service. When a customer requests a card, the data is securely transferred from the branch location to EFT Source. The data is immediately processed and converted into a print file that is sent back to the branch electronically, which “Card@Once” encodes. THe card is then printed and issued and ready for use.

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Mortgagebot Announces Marketing Agreement With COCC

COCC will now recommend the integrated, multi-channel Mortgagebot “PowerSite” POS platform to its clients and prospects as a preferred solution. The Mortgagebot “PowerSite” platform for mortgage POS automation integrates a lender’s consumer-direct mortgage Web site with every other mortgage POS channel. The “PowerSite” platform is an integrated POS (IPOS) platform with award-winning, “smart” application technology that enables online consumers, branch staff, call-center representatives, and loan officers to complete error-free mortgage applications in as little as 20 minutes.

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CashTrans Upgrades Enmark ATM Fleet

Enmark Stations has partnered with CashTrans to upgrade its entire ATM fleet to ensure all Enmark stores have the latest and most advanced ATM equipment available to their customers. This also helps the retailer meet mandates for the enhanced capabilities for Americans with disabilities. Retailers across the U.S. have until March 15, 2012 to upgrade their ATM equipment to comply with the new ADA ATM regulations that include requirements for voice guidance, input controls, height, reach and signage.

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