Fiserv Improves Convenience ePayment

Fiserv financial services technology has updated its “CheckFree RXP” online bill payment platform and the “ZashPay” P2P payments. These updates make payments even faster and more convenient for users with extended next-day payment cut-off time, longer payment history and a Quick Start Page that utilizes recommendation technology to speed the bill set up process for new users. They can schedule payments for the next business day until 10:00 p.m. ET. This new cut-off time applies to most bills, and represents a significant extension from the current cut-off time of 5:00 p.m. ET. Fiserv is already able to process more than 80% of the payments made through “CheckFree” RXP the same day or the next day and estimates with the later cut-off time up to 14% more payments can now be processed by the next day.

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LML Subsidiary to Power First Data Payment Platform

LML Payment Systems’ subsidiary Beanstream Internet Commerce has entered into an agreement to provide the web-based transaction processing services behind First Data’s eCommerce products in Canada. Using Beanstream technology, First Data will offer Canadian merchants the ability to accept payments through a variety of online transaction processing tools, including website forms, shopping carts, recurring billing, batch processing, and a virtual terminal for Internet, mail order/telephone order and other non face-to-face processing applications.

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RewardsNOW Hires New VP, Sales

Jeff Weikert has joined RewardsNOW turnkey loyalty programsmanagement team as Vice President of Sales, bringing to the role over 30 years’ experience in the financial services industry in a variety of executive roles. He was most recently Executive VP, Business Development at Verient. He also served as Senior VP and GM of the bill payment business unit at CheckFree, responsible for managing the business unit’s overall efforts, including sales, account management, product management, marketing and business policy serving top financial institutions in the US. He holds an undergraduate degree from the University of Dayton (Ohio) and a Masters in Business Administration from Georgia State University.

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Intuit Extends mProcessing Solution

Intuit will continue to offer the “GoPayment” mobile payment app for processing credit cards, charging no monthly fee, due to a high level of demand. This will let small businesses affordably start processing credit cards on their mobile phones. Since the initial offer, Intuit has more than tripled the number of customers signing up for GoPayment each day. GoPayment was introduced two years ago as one of the first mobile payment services on the market. It was designed to help people easily and quickly get paid via their mobile devices wherever they do business. GoPayment is available for iOS, Android and Blackberry.

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WatchDox Secures PCI Audit Reports

WatchDox announced its clients are using its solution to securely distribute SAS-70 Type I, II, SSAE 16 and PCI-DSS audits to customers in financial services. WatchDox enables enterprises to disseminate audit reports to partners and customers while retaining the rights to regulate who can view, print, forward and copy material. WatchDox enables easy, secure and leak-free document sharing and collaboration, inside and outside of organizations. WatchDox’s secure document sharing and virtual data room software-as-a-service (SaaS (News – Alert)) solutions allow companies to maintain full control and tracking over documents – wherever they go.

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VeriFone and LifeNexus Secure Health Card

VeriFone Systems secure electronic payment solutions and LifeNexus “iChip” and Personal Health Card have forged agreements to provide “iChip” acceptance software on VeriFone payment acceptance solutions. The LifeNexus Personal Health Card is the first multi-purpose electronic health card utilizing the embedded iChip for securely maintaining an individual’s health record and incorporates a payment card option. Making “iChip” acceptance software available on VeriFone systems at pharmacies, hospitals and physician offices makes it easy for consumers to securely exchange their private healthcare information with providers.

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U.S. Retail Sales for January Up 5.5%, Y/Y

MasterCard Advisors’ SpendingPulse macroeconomic report tracking national retail and service sales provided summary results for January 2011. Excluding auto sales, total retail sales grew by 5.5% year-over-year, on par with December’s growth rate, and slightly higher than November’s. Strong sales also led to a rebound in shorter-term growth — on a month-to-month seasonally adjusted basis, January sales were up by 1.8%, reversing the slowdown that month-to-month sales had posted in December. Excluding both auto sales and gasoline, on a seasonally unadjusted basis, year-over-year sales in January grew by 4.6%, slightly slower than November and December, 2010, but nevertheless a healthy rate of growth by most standards. Spending grew in every part of the country, with the best unadjusted year-over-results in the South Central and Southeast regions respectively posting 9.7% and 7.7% growth.

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4Q/10 Card Income and Revenue Upward

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card performance in 4Q/10 was generally looking up across the board. Capital One Domestic Card revenue margin, however, declined 11 basis points to 16.66% from 16.77% in the prior quarter, thanks mostly to a full quarter of lower late fees subsequent to the CARD Act. Meanwhile, American Express Total revenues…

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Fundtech Introduces Cash Management Offering

Fundtech global transaction banking has officially made available its “Global CASHplus Enhancement Pack” in India. The “Global CASHplus Enhancement Pack” offers 16 new product features that meet the evolving cash management business and operations requirements of banks. New features for liquidity management, receivables and payments will improve both business process and operations. Fundtech was founded in 1993 to provide software and services to banks around the world for wire transfers, ACH origination, cross-border payments and remittance.

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45% Favor m-Payment, 73% Concerned With m-ID Theft

With 45% of the most active mobile device users around the world open to the chance to pay for goods and services using their mobile phone, despite the fact 73% disclosed significant privacy and identity theft concerns, Asia expressed the most interest. Overall, 69% of Asian respondents favored using mobile phones for most payments, led by 76% of Chinese consumers; 75% in India; 56% in Korea and 47% in Japan. On the other side of the globe, 70% of Brazil consumers favored using mobile phones for most payments, miles ahead of the mere 26% In the U.S. and Europe, combined.

These findings, according to Accenture research, also shows 47% of Chinese consumers indicated the had used a mobile phone to make purchases in the past six months, followed by 42% in Korea and 33% in Japan. A majority (64 percent) of consumers surveyed indicated they would use gift cards and coupons delivered directly to their mobile phones, led by Chinese respondents (94 percent) Korean respondents (91 percent) and Indian respondents (76 percent). Globally, 79 percent of the consumers surveyed indicated they would redeem those coupons when checking out of a store, compared with 77 percent who said they would use coupons that had to be clipped from magazines.

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G&D to Present eCommerce Solutions

Giesecke & Devrient is presenting its complete security solutions for the next mobile wireless generation, machine-to-machine communication (M2M), NFC applications and mobile transactions (mobile payment, banking and ticketing), targeting network providers, public authorities and banks. For starters, the company’s cell phone solutions make it possible for example to buy train tickets or pay for admission tickets with NFC; allows for the secure remote administration of SIM cards and handsets over the mobile network; and its “MobiCore” from Giesecke & Devrient combines the openness of flexible operating systems for handsets and netbooks with the highest security standards.

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