TSYS Marks 10 Years Processing Across the Pond

TSYS is celebrating 10 Years of European Processing, having begun in 2001 following the successful conversion of The Royal Bank of Scotland Group’s card portfolios with Allied Irish Banks converting on 18th June and NatWest on 30th July. TSYS continued to grow its European business while ensuring the delivery of excellent services to its clients. A state-of-the-art data centre was built at Knaresborough, UK, to offer centralised European processing while UK and Dutch contact centre facilities allow TSYS to offer a full end-to-end managed services proposition. The acquisition of Card Tech Limited increased the product range and client base and allows TSYS to offer both outsourced processing solutions and a licensing option in Europe.

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Conference Board Economic Index Falls .6%

The Conference Board Leading Economic Index(LEI) for Spain declined 0.6% and The Conference Board Coincident Economic Index(CEI) increased 0.1% in March. This following three consecutive monthly increases. Large drops in the order books survey and job placings more than offset the small gain in the capital equipment component of industrial production. The six-month change in the index stands at -0.9 percent (a -1.8 percent annual rate) in the period ending March 2011, down from 0.1 percent (a 0.2 percent annual rate) during the previous six months. In addition, the weaknesses among the leading indicators have been very widespread in recent months. The Conference Board CEI for Spain, a measure of current economic activity, increased slightly in March thanks in part final household consumption, industrial production excluding construction, retail sales, and real imports. Employment however declined.

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American Consumers Step Up Credit Card Use

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While the seasonally adjusted revolving consumer credit outstanding was up 2.9% since the year ago figure, compared to a 3.8% drop the month prior and a 2.3% drop for the entire quarter, consumers are definitely breaking out the plastic more as the summer months approach and prices climb at the pump.…

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PCI Compliance Provider ControlScan Launches Security Consulting

ControlScan PCI compliance solutions now offers small- to mid-sized merchants its “Security Consulting Services” for achieving and maintaining PCI compliance. The “Security Consulting Services” are divided into “Security Assessment Services,” to satisfy the PCI DSS, and “Security Engineering Services,” to provide technical testing and guidance to clients, all of which is supported by a team of Qualified Security Assessors (QSAs) and security consultants with more than twenty years experience delivering PCI advisory and remediation services. Additionally, the ControlScan “PCI Dashboard” enables ISOs and acquirers to easily view the compliance status of their entire merchant portfolios at a glance.

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VeriFone & MICROS Launch Table-Side NFC Payment

VeriFone Systems and MICROS Systems integrated restaurant management systems with smart mobile devices allowing consumers to pay at the table with electronic wallets on mobile phones with NFC. Facilitating traditional payment cards and other mobile applications, the payment technology will allow restaurants to accept the emerging wave of NFC-enabled applications for payment and redemption of electronic coupons/promotions. The VeriFone “PAYware Mobile Enterprise” mobile POS system securely accepts payment transactions and utilizes VeriFone services to interface with MICROS table management and order management solutions as well as the card payment networks. PAYware Mobile Enterprise incorporates a PCI-approved PIN debit keypad to allow merchants to leverage lower transaction costs.

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Mocapay Expands mOffering to All Dazbog Locations

Mocapay mobile consumer engagement has expanded its relationship with Dazbog Coffee to ‘mobile enable’ 21 of the Coffee Retailer’s locations in Colorado and Wyoming. Through a mobile gift card program, there is no physical card to misplace and consumers can more efficiently manage their purchases. In addition, merchants can send messages, through Mocapay’s mobile marketing engine, alerting customers of their balance and encouraging them to visit a particular location. Mocapay is a mobile platform for merchants offering an integrated marketing and sales solution to enhance the lifetime value of a customer.

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Heartland to Host Industry Panel on PCI DSS

The Chairman and Chief Executive Officer at Heartland Payment Systems payments processor is set to host an educational session at the upcoming NRA Hotel-Motel Show in Chicago. Helping restaurant operators understand interchange reform and payment card data security, the CEO will be joined by the President and Chief Executive Officer of the Retail Solutions Providers Association (RSPA); Payments Consultant to the National Association of Convenience Stores (NACS); Director, Emerging Technologies Advisory Service at Mercator Advisory Group; and Owner of Main Street Companies.

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ProPay’s Social-M Payment Platform Wins the 2011 ETA Challenge

ProPay Merchant Services, End-to-End Payment Security, credit card processing and electronic payment services announced its “Zumogo” Social-M Payment application is the winner of the 2011 ETA Technology Showcase Challenge. The “Zumogo” platform allows merchants and consumers to connect and locate merchants, engage in dialogue with merchants, find events and deals, and make payment all from their Smartphone. ProPay entered “Zumogo” into the Technology Showcase Challenge along with several other participants during ETA’s 2011 convention, for which “Zumogo” received an overwhelming majority of the votes. The new mobile payment technology allows Smartphones to be used as a payment device and a social technology.

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National Retail Federation Pulls Out Stops on Swipe Fee Reform Campaign

The National Retail Federation launched a major nationwide 60-day lobbying, grassroots and media campaign to ensure the federal law saving retailers and their customers more than $1 billion a month by lowering “swipe” fees banks charge to process debit card transactions takes effect in late July as scheduled. A provision in last year’s Wall Street reform bill will reduce the fees by an estimated 70 percent, saving about $14 billion a year that retailers plan to pass along to their customers through discounts or other benefits, but the credit card industry is spending millions to delay the reform. NRF’s multi-pronged campaign will include an intensive grassroots campaign mobilizing retailers from across the country through NRF’s members, members of its National Council of Chain Restaurants (NCCR) division, and state retail associations; a June fly-in with hundreds of business owners in Washington to meet with members of Congress and urge that the reforms go through as planned; an aggressive media relations campaign including media briefings and interviews with national and local news outlets, and nationwide placement of op-eds and letters to the editor; a nationwide print and radio advertising campaign including inside-the-beltway print and radio ads and hundreds of thousands of dollars in radio ads in key markets nationwide; leveraging social media and viral video to educate legislators and the public; and providing a platform for merchants and consumers to get involved through a new web resource center (www.nrf.com/swipefees).

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Country Club Bank selects FIS for core processing

FIS banking and payments technology announced Country Club Bank has signed a seven-year agreement for its Integrated Banking Services (IBS) core account processing solution, along with the FIS Mobile Banking, Connections and Payment Manager. Critical to Country Club Bank is the personalized quality of relationship banking, the range and ease of products offered through FIS supports this priority. FIS is a leader in the core processing market and offers solutions for credit unions, thrifts, commercial, retail and bankers’ banks of every size in more than 25 countries. Its solutions meet the unique demands and attributes of each market segment, providing the resources to maximize growth, increase productivity and mitigate risk.

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Zaarly Launches Mobile Wallet Solution

Zaarly location-based, real-time commerce platform, officially launched to help put buyers at the center of transactions by allowing them to make requests for the things they need from people in their own communities. When a buyer posts a request to Zaarly ” whether for food delivery, the latest tech gadget or reservations at the hottest restaurant in town ” people in their community who have what they are looking for can provide it. This two-way, community-powered process provides convenience and flexibility to buyers while allowing sellers to make money fulfilling requests from the people around them. Users post what they’re looking for and how they’re willing to pay for it. The request is then shared in the local community through the Zaarly platform, for which people or businesses nearby connect to fulfill the request. Epayment id fulfilled with Zaarly’s integrated credit card payment system on a safe and secure platform.

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