CUsource & ORC to Offer Banking and Bill Pay

Online Resources Corporation online financial services, and CUsource FCU service organization have signed agreements for Internet banking and bill payment services. This holds the more than 20 CUsource credit unions have access to Online Resources’ full suite personal financial management, mobile banking, expedited payments, consumer marketing and call center services. This year, 11 credit unions representing more than 120,000 members will convert to Online Resources’ platform.

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Swanson Health Offers eBillme on CWDirect

Swanson Health Products has added eBillme online payment method, allowing shoppers who prefer cash to credit cards a way to pay securely without releasing any financial information, and is the first to do so on the CWDirectorder management platform. When shoppers choose the option at checkout, their order is confirmed with a bill sent to their e-mail address. Consumers simply pay the bill the same way they pay utilities, loans, insurance, and other bills, either through their online bank account or at one of over 75,000 walk-in locations. Every purchase made using eBillme offers buyer protection features, including satisfaction guarantee, best price, and fraud protection in addition to a cash-back rewards program for shoppers to earn up to 5% cash-back on purchases.

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PCI Sees Savings & Efficiency from Digital Card Production

Driving payment card issuer and overall industry profitability and customer loyalty, moving card production and fulfillment to a digital on-demand platform can only benefit the P&L margin. Digital on-demand technology represents a departure from traditional methods, performing all aspects of card production only when the card is ready to be fulfilled. This “just-in-time” method is the difference between four-eight weeks lead time with pre-purchased stock to a fully customized product in as soon as 24-48 hours. According to Arroweye Solutions, this zero inventory model and design flexibility gives companies the tools to develop a highly customized product to better target market segments.

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SISA to Host PCI DSS Workshop

There will be a PCI DSS Implementation Workshop in Chennai on February 24 & 25, offering hands-on PCI DSS training by experts from SISA. Having conducted more than 100 workshops in 6 countries, SISA trainers are PCI veterans in the field of information security and invite all concerned to be a part of this workshop, which will be composed of interactive lectures, class exercises, case studies and one-on-one discussions with PCI DSS subject matter experts. The course of the workshop includes scoping and detailed discussion of all the requirements of PCI DSS and mapping the same to PA DSS. The course is based on the latest standard PCI DSS Version 2.0, which was released in October 2010.

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RK Hammer Examines What Makes For Excellent Card Sales

There is a wide spread between various agents’ card performance. Regarding the number of new credit card accounts generated per branch, per month and per year there are “Weak Performers,” “Medium Performers” and “Best-in-Class” performers.

The 2010 Weak Performers constitute the bottom 33% of All Agent Bank card programs and are characterized by flat growth in new card accounts for last year, with only 72-84 new accounts per year per Branch (6-7 new accounts per month per Branch); no card sales incentives for the retail branch sales staff; limited new card account/activation performance reporting at the employee/branch level; and emphasis on other branch retail product sales viewed by employers as a higher priority.

Meanwhile, 2010 Medium Performers are the middle 55% of all Agent Bank card programs and are characterized by 3% growth in new card accounts for 2010; open 111-124 new accounts per year per Branch (or 9.2-10.3 new accounts per month); some incentives for branch personnel, but distribution often discretionary by the branch manager; better new card account/activation reporting down to the employee level, not less than quarterly; and a continuing emphasis on new card account sales by branch sales staff.

Finally, the 2010 “Best-in-Class” Performers sit in the top 12% of all Agent Bank card programs and are characterized by a 6% growth in new credit card accounts for last year; see 152-178 or more new accounts per year per Branch (or 12.7-14.8 new accounts per month per Branch); offer a wide variety of cash, gift, and trip incentives, changed regularly; staff-designed and implemented; utilize excellent reporting, monthly, for routine use as a management/training tool with staff; implement continuous training and retraining, not only on its own products/pricing, but on competitors as well; and have a major focus on “aggressive activation” of new card accounts, not just generating new account numbers.

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VeriFone Expands mNFC Solution to Turkey’s Garanti Bank

VeriFone is further expanding globally through its NFC/contactless payment acceptance systems, this time to Turkey. With this, Garanti and Turkish mobile network operator Avea have moved from pilot phase to general commercial availability of its mobile NFC payments using 10,000 Verifone devices. Consumers can purchase and install NFC capable SIM cards that allow them to use their mobile phones for electronic payment at NFC/contactless acceptance devices in merchant locations. VeriFone has more than 150,000 systems implemented throughout Turkey, using its “PINpad 1000SE” for NFC payment. With the new add-on SIM card with antenna from Gemalto and Garanti pre-paid MasterCard PayPass that is loaded in the SIM manufacturing stage, consumers can immediately adapt existing and new mobiles for NFC mobile payments.

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CCB Outstanding Credit Card Loans Top Y55B

China Construction Bank customer credit card consumption exceeded 400 billion yuan in 2010 while its credit card income reached 6.5 billion yuan. Meanwhile, its aggregate credit card issuance topped 27 million; its clients numbered more than 23 million by the end of 2010 and outstanding loans on credit cards surpassed 55 billion yuan. The bank’s credit card installment payment business expanded rapidly in 2010, with trading value over 15 billion yuan and business income hitting 900 million yuan.

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Gemalto Makes Available Mobile Facebook App

Sure to be a huge hit in the Facebook-obsessed US, Gemalto digital security has deployed its Facebook for SIM, letting anyone enjoy the service on all handsets regardless of their handset type, even if without a data connection or data subscription. Gemalto’s software development team has embedded the software application into the SIM to ensure the Facebook application is compatible with 100% of SIM-compliant mobile phones so everyone who has to check their ‘Friends’ status updates, update their own ‘Status’ or write on someone’s ‘Wall’ can do so anytime, anywhere. And for those whom need to connect even more, the Gemalto app allows Facebook messages to pop-up on the phone’s screen so people can always be in contact, constantly.

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HSBC Recognized for Anti-Payment Fraud

HSBC Merchant Services of Global Payments has been awarded the ‘Best Security or Anti-Fraud Development’ Award at the 2011 Card & Payments Awards. Recognizing customer service, excellence and innovation among its members in the card payments industry across the UK and Ireland the award ceremony saw HSBC beat out Bank of America, Lloyds banking group, Moneybookers and Nationwide for the award. HSBC Merchant Services won the award for its launch of Commidea’s Ocius Sentinel solution in the UK, supporting a major advance in security and a step-change in the ease of PCI DSS compliance for merchants who take in-store transactions. HSBC was the first end-to-end encryption card payment solution to achieve Payment Application Data Security Standard (PA-DSS) certification.

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Global mTransaction Volume Almost $1 Trillion by 2014

The total value of global mobile transactions is now projected to hit $984 billion by 2014, up from $162 billion in 2010. With EMEA leading all regions with 42% of worldwide active mobile banking users, followed by 38% in Asia-Pacific, 16% in North America; and only 4% in Latin America, Asia-Pacific is slated to lead by 2014 with its active mobile bank users accounting for 54% of m-banking customers. Additional findings show EMEA will account for 32%, North America will drop to 10% of users and Latin America will still only account for 4%. These findings are according to Yankee Group’s mobile transaction forecast tracks metrics on mobile banking, international and domestic remittances, contactless cards, mobile coupons and NFC communications, which also shows mobile coupon usage will explode from 2.7 million in 2010 to nearly 35 million in 2014 and the number of NFC-enabled phones will grow from just 834,000 in 2010 to 151 million in 2014.

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OTI Starts Filling Orders for Retrofit COPNI mPayment

Reflecting the ever-expanding mobility of our world today, On Track Innovations contactless smart card solutions is filling orders for its contactless mobile payment product at break-neck speed. OTI’s COPNI (Contactless Payment and NFC Insert) lets mobile network operators (MNOs) support NFC functionality and contactless payment applications from major card associations, mass transit ticketing (with MIFARE support) as well as loyalty programs and other proprietary programs. COPNI NFC add-on to mobile phones and is independent of the SIM, handset type and model and lets MNOs dynamically manage applications such as e-coupons and loyalty programs. The COPNI-enabled mobile phone can be used in a broad range of payment transactions including prepaid, credit and debit, as well as loyalty programs and other NFC related applications.

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Cineplex Offers PayPal mPayment Option

Cineplex Entertainment now offers guests the option to use PayPal when purchasing tickets to a movie or other form of entertainment at Cineplex Entertainment theatres. A PayPal account can be used to purchase tickets from www.Cineplex.com, the Cineplex Mobile Apps, or through its mobile site m.cineplex.com. From February 10-17, 2011, guests who purchase $20 CAD or more in tickets for Cineplex theatres using their PayPal account will receive $10 CAD cash back to their PayPal account. This allows guests to complete transactions using their PayPal account balance, bank account or credit card. When purchasing a ticket for a movie or an event at Cineplex Entertainment theatres, guests can select PayPal as the payment option after they have chosen the show time and entered the quantity of tickets. They are then transferred to PayPal’s secure Web site where they then log in to their PayPal account and confirm the transaction.

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