Four Texas Banks Implement Fifth Third Processing

Four Texas-based financial institutions have inked agreements with Fifth Third Processing Solutions to implement single-sourced comprehensive processing services for ATM and debit card transaction processing, ATM driving, card production and gateway services. These banks include Granger National Bank, locally owned and operated with more than $25 million in assets; AimBank featuring delivery channels on debit cards, online bill payment, and Internet banking with more than $190 million in assets; Spur Security Bank, with more than $35 million is assets; and First State Bank of Bedias with more than $120 million is assets with two locations and two ATM’s. Fifth Third Processing provides innovative payment transaction processing and acceptance solutions for card and electronic payment. It processes over 33.3 billion ATM and point of sale transactions and over $315.5 billion in debit and credit card sales volume annually for more than180,000 merchant and financial institution locations.

Details

First Data Names New CEO

Jonathan J. Judge has been named CEO with First Data electronic commerce and payment processing. Bringing with him 34 years of technology industry experience, Judge previously served as president and CEO at Paychex payroll for six years, where revenues grew from $1.2 billion to approximately $2 billion and achieved a market capitalization of approximately $10 billion. Prior to this, he was the CEO for Crystal Decisions, a private $300 million software company providing business intelligence solutions. Judge began his career as a sales trainee and spent 26 years with IBM Corporation, serving in a series of positions with increasing responsibility. Judge serves on the board of directors of Dun & Bradstreet and PMC-Sierra, serves as a member of the Upstate New York Regional Advisory Board of the Federal Reserve Bank of New York and is a graduate of Harvard University with a bachelor’s degree in economics.

Details

42% Drop in ID Fraud Protection Adoption, Fraud up 12.5%

The $2.4 billion Direct‐to‐Consumer U.S. Identity Protection Market saw a sharp 42% decline in Identity Fraud Protection Services adoption, despite a 12.5% increase in the number of U.S. adults who became victims of identity fraud in 2009. The market saw a 42% decline in Identity Fraud Protection Services adoption thanks to the recession and lowered number of data breaches. This, according to Javelin’s fourth annual report, “2010 Annual Identity Protection Services Scorecard: Market Challenges, Consolidations and the Move Toward ‘Whole Identity’,” also showed only 25% of consumers are currently using some form of identity protection services- whom typically benefit from lower fraud-; 40% of Gen Y consumers are not enrolled in identity fraud protection services; in 2009, 11.1 million U.S. adults became victims of identity fraud for one‐year fraud amounts totaling $54 billion; and total fraud increases account for a total growth of $6 billion in losses, having increased 38% since 2007 and 17% since 2008.

Details

Wincor Nixdorf U.S. Network Grows 98.7% Y/Y

Wincor Nixdorf IT solutions and services to retailers and retail banks has expanded its U.S. customer service and technical support network with a 98.7% increase in the number of Wincor Nixdorf employed service technicians since 2009 and now serves 49 of the top 50 major US metropolitan areas. Wincor Nixdorf initiated expansion to support its 60% growth in net sales in North and South America for the first half of the 2009/2010 fiscal year, which is thanks to increased sales of the company’s CCDM intelligent deposit technology to several top ten U.S. banks. Wincor Nixdorf is the second largest supplier of ATMs in the world, has a comprehensive portfolio of hardware, software, maintenance, services and consulting solutions, including self-service ATMs, teller cash recyclers, multi-vendor software, ATM monitoring software, and ATM security solutions for improved customer service, flexibility, security, cost-savings and efficiency.

Details

Dynamics to Reveal New Payment Device

Dynamics is set to reveal a new payment device on Oct. 5 at FinovateFall 2010, a conference showcasing innovations in financial and banking technology. Dynamics’ “Card 2.0” platform and its two initial Payments 2.0® applications – MultiAccount™ and Hidden™ – were unveiled on Sept. 16 at DEMO, an emerging technology conference in Silicon Valley. Out of the 70 demonstrators at the conference, Dynamics won both the coveted DEMOgod title and the $1 million People’s Choice Award. Dynamics produces and manufactures intelligent powered cards such as advanced payment cards.

Details

SANTANDER

Spain-based Santander has outlined plans to create around 400 call center jobs in the UK to support its growing customer base in Liverpool, Glasgow and Leicester. Santander embarked on the UK market in 2004 after buying Abbey but has recently exponentially as a direct result of the economic crisis with its takeover of Alliance & Leicester and Bradford & Bingley. With this, its customer base consists of over 25 million. This in response to poor customer service reviews by UK customers and a rash of complaints from customers who have encountered difficulties accessing accounts online.

Details

Vodafone Kicksoff Annual Wireless Innovation Project

The Vodafone Americas Foundation and mHealth Alliance are introducing the annual Vodafone Americas Foundation Wireless Innovation Project and mHealth Alliance Award competition to identify and support promising wireless-related technologies to address critical social issues around the globe. Proposals will be accepted from September 27, 2010 through December 15 with the final winners announced at the annual Global Philanthropy Forum in Redwood City, CA in April 2011. The Vodafone Americas Foundation Wireless Innovation Project(TM) will award $300,000, $200,000 and $100,000, to the first, second and third-place winners. Vodafone has long recognized that wireless technology has the potential to make the significant impacts in the world — particularly in developing countries.

Details

WESTERN UNION

Western Union global payment services has been granted license approvals from the Brazilian Central Bank to operate a commercial bank and foreign exchange brokerage firm. This allows Western Union to offer the Western Union “Money Transfer” services directly to consumers in Brazil and to introduce new financial services, including domestic money transfers, consumer bill payments and prepaid cards. Western Union has provided its international money-transfer service in Brazil since 1998, through its Agent network that currently includes nearly 6,000 bank and foreign exchange brokerage firm locations.

Details

Cardlytics & Jwaala Partner to Offer CUs Member Rewards

Cardlytics transaction marketing has partnered with Jwaala online banking and personal financial management solutions to offer transaction marketing rewards to Jwaala’s credit unions. Jwaala’s “Better Online Banking” solution is leveraged by more than 35 credit unions and will be the first concentrated portfolio of credit unions that Cardlytics adds to its substantial base of financial institutions providing rewards to its debit, credit and prepaid card holders. Cardlytics’ transaction marketing platform enables credit unions to provide rich, targeted member rewards that are completely funded by local, regional and national retailers. Through its partnership with Jwaala, credit unions can offer relevant rewards based on individual behavior directly from their bank accounts, helping members save money on products normally purchased.

Details

MASABI

Masabi mobile ticketing technology for the transport sector has secured $2 million from m8 Capital mobile technology venture capital fund. This will support commercial deployments of Masabi’s mobile ticketing systems with rail companies and to expand operations into other geographies, especially its “Ticket Machine in your Pocket” technology, which allows secure, usable ticket purchase and display on the majority of common mobile phone handsets, as well as high-end smartphones. The company is already working with customers including Atos Origin and thetrainline.com, with the first consumer launches due in the coming months.

Details

WISeKey Launches Underbanked mBanking

WISeKey and eight CGI members, including the GSMA Development Fund, a grant from The Bill and Melinda Gates Foundation, Western Union, MPower Ventures and Women’s World Banking, committed in 2008 to bring m-banking to millions of people. With this, WISeKey is offering a platform to enable anyone with a mobile phone to carry out transactions, even if they don’t have a bank account, based on WISeKey technology. THe mBanking solution allows financial institutions, mobile operators, e-commerce and catalog retailers to provide customers with universally trusted services through the most common and secure channels. It can either be deployed quickly by organizations through S-as-S or the full platform can be installed on customer premises on iPhone, Blackberry, Samsung, Ericsson, Nokia and any J2ME capable phone.

Details

Evolis Enhances Card Printer UHF Encoding

Evolis plastic card personalization is introducing its ultrahigh-frequency (UHF) Gen 2 RFID encoding option within its Pebble and Dualys card printers. This integrating of UHF Gen 2 encoders to its Pebble and Dualys single and dual-sided models allows organizations to implement efficient yet secure identification and access control RFID systems. The Gen 2 UHF RFID technology brings security, speed and convenience to any identification process. Gen 2 ID cards offer a wider read range and allow multiple card reads at the same time. Extremely secure, Gen 2 is an internationally recognized standard that allows for significant flexibility in many applications when integrated in an Evolis card printer.

Details