VeriFone Integrates Taxi Card Payment & Media

VeriFone Systems taxi card payment and digital media solutions are now available in the UK for free to London’s licensed black cabs to modernize the taxi payments infrastructure. Using its “PAYware” payment gateway, the VeriFone system has been approved for TX model taxis by Transport for London’s Taxi and Private Hire – the taxi licensing authority – and recruitment for drivers to use the system is underway. The system was initially available in a pilot program beginning in December and is now available for a wider release. It integrates with taxi meters and allows drivers to easily accept credit, debit and contactless cards, while also streaming digital content to passengers. The card payment system comprises a driver-side payment device with receipt printer, a fixed passenger-facing secure PIN entry device and a full color display screen for safety information, advertisements and streaming media.

Details

Wells Fargo Appoints CAO its New CFO

Timothy J. Sloan has been named Wells Fargo CFO. Having served as the Bank’s chief administrative officer and a senior executive vice president, Sloan played role as head of Commercial Banking, Real Estate and Specialized Financial Services where he oversaw more than 25 lines of businesses. In his new role he will lead financial management functions, its investment portfolios and its corporate properties functions. Atkins joined Wells Fargo in 2001 after having served as EVP and CFO of New York Life Insurance Company after he was CFO at Midlantic Corporation before its merger with PNCBank and Chase Bank.

Details

Visa Encourages Merchant Adoption of EMV

Visa announced a new PCI DSS compliance program that will fuel dynamic data authentication through the continued merchant deployment of EMV-compatible chip terminals capable of processing either contact or both contact and contactless payments. Visa’s Technology Innovation Program (TIP), will eliminate the requirement that eligible merchants annually validate their compliance with the PCI DSS for any year in which at least 75 percent of the merchant’s Visa transactions originate from chip-enabled terminals. To qualify, terminals must be enabled for contact or dual contact and contactless interface chip acceptance. All merchants outside of the United States are eligible and may begin qualifying for the new program from March 31, 2011. Visa Europe has announced a similar program. Visa will provide technical guidance over the coming months to further support merchants, acquirers, processors and issuers as they consider adopting EMV chip technology.

Details

Citi Expands With New Branches

Citibank Colombia expanded its branch network in different cities Colombia, including in Envigado and Calima. This will allow Citi Colombia to increase its distribution network to 48 branches, 12 mini branches and 18 offices. In addition, there are currently 27 Citi Express centers in operation, which are part of the 130 that are planned to begin operation in April 2011. The branches will let customers conduct all traditional banking, such as opening and managing their accounts, paying public and private services bills, send remittance and access financial advisors.

Details

ScanSource POS & Barcoding Awarded by Elo

ScanSource POS & Barcoding data capture and POS solutions has been named Elo TouchSystems’ 2010 North America Distributor of the Year: Highest Revenue. ScanSource and Elo have been partners for nearly 13 years, and today ScanSource is Elo’s largest distributor of touchmonitors, touchcomputers and interactive digital signage. ScanSource provides the largest inventory of Elo products, as well as sales and technical support for the company’s innovative solutions. ScanSource POS and Barcoding in North America, Latin America and Europe delivers AIDC and POS solutions; Catalyst Telecom in the US, and ScanSource Communications in North America and Europe, provide voice, video and converged communications equipment.

Details

FIS Purchases GIFTS Software

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Allowing it to add real-time wire transfer solutions to its offering, Fidelity National Information Services (FIS) has bought NY-based GIFTS Software banking and technology, under undisclosed terms. GIFTS Software specializes in integrated funds transfer, Web-based cash management systems and anti-money laundering solutions. [/ihc-hide-content]

Details

BlueStar Named Value Added Distributor of the Year

BlueStar ADC, Mobility, POS, RFID, Digital Signage, and ID & Security technology distributor was recently named Value Added Distributor of the Year for the Cherry Keyboard brand of ZF Electronics. BlueStar’s VAR partners have benefitted from Cherry’s POS keyboards with customizable color keycaps for easy visual recognition of common functions. Cherry also offers such security devices as FIPS 201-compliant keyboards and stand-alone devices, as well as biometric features and high-performance PCSC/EMV smart card readers. This is in recognition of BlueStar’s value-added distribution.

Details

Monthly Payment Rate Improves to 14.66%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The credit card monthly payment rate (MPR) wasn’t swimming upstream for the December collection period, improving with all other card payment variables to 14.66%. This second straight month of improvement is after hitting a 31 month high of 19.65% back, is a 3.5% decrease from the year ago period and finally…

Details

FIS Posts 7.6% 4Q/10 Revenue Growth

FIS posted financial results for the quarter and full year ended December 31, the former reflecting revenue of $1.4 billion. This is up from the $1.3 billion in revenue posted in 4Q/09.

Also, net earnings from continuing operations totaled $121.3 million for the quarter, compared to the $52.3 million loss last year, while adjusted revenue increased 7.6% to $1.4 billion compared to adjusted revenue of $1.3 billion and increased 6.1% organically. Meanwhile, adjusted net earnings from continuing operations totaled $196.9 million compared to adjusted net earnings from continuing operations of $168.9 million in the year ago period.

Throughout 2010, GAAP revenue for the full year 2010 was $5.3 billion compared to $3.7 billion for full year 2009; net earnings totaled $447.6 million; adjusted revenue increased 4.2% to $5.2 billion, compared to adjusted pro forma revenue of $5.0 billion in 2009; and adjusted net earnings from continuing operations totaled $711.1 million compared to adjusted net earnings from continuing operations of $395.2 million in 2009.

This performance was due in part to FIS having completed the acquisition of Capco; the acquisition of Metavante; and Company expansion into Brazil. Subsequently, FIS is projecting a 2011 revenue growth of 9% to 11%.

Details

Crédit Agricole Selects Gemalto mContactless Payment

Crédit Agricole selects Gemalto digital security to support its NFC mobile payment solutions in Nice, as part of the “Nice, Ville NFC” initiative in which Crédit Agricole Provence Côte d’Azur offers NFC-payments through mobile phones. Customers of Crédit Agricole Provence Côte d’Azur can subscribe to the NFC payment method at their local branch. Gemalto supplies the Trusted Service Management operated services allowing for the secure deployment and management of mobile contactless payment, regardless of the mobile network. Its experience in the personalization of banking cards and the remote deployment of services is facilitating convergence between the mobile and banking worlds.

Details

Liberty Bank Implements Fiserv Bank Platform

Fiserv financial services technology solutions announced Liberty Bank of Springfield, MO is implementing its “Premier” bank platform to process accounts in an in-house environment. It includes account processing services, online banking, electronic document management and bill pay on a mature service-oriented architecture (SOA). The platform provides open integration, agility, efficiency and ease-of-use, letting the bank collect data from multiple sources. Other Fiserv products Liberty Bank deployed include “Retail Online” for Internet banking, “Mobile Money” for mobile banking, “WireXchange” for wire transfers and “CheckFree RXP” for bill pay.

Details

FIS Sees New Chairman of the Board

FISTM banking and payments technology has changed William P. Foley II from executive chairman to non-executive chairman of the board, effective immediately. Foley served as executive chairman of FIS since February 2006 and requested the transition to non-executive chairman to devote more time to additional business opportunities and commitments. Foley oversaw the Metavante integration project since the get-go and is confident the team will continue to advance strategy without his executive leadership.

Details