GETI Certifies 1stTransaction Payment Software

Global eTelecom (GETI), an electronic check processing and gift/loyalty card provider, and 1stTransaction Corporation, developer of integrated point of sale payment systems, proudly announce the certification of TransactionX, a validated payment application for Windows®. TransactionX is easy to set up and allows for the configuration of multiple GETI programs into a single interface. In addition, it unifies the merchant’s transaction processing for checks, credit cards, debit cards and electronic benefits into a single application. Benefits include one-click access to transaction details, support of many imagers, driver’s license swipe capture, and stored account data.

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Dynamics Introduces Mobile Payment Card Device

Dynamics next-generation payment devices is launching its “Card 2.0” mobile device in a card form factor at “DEMO Fall 2010” emerging technology conference. Having closed $5.7 million in Series A financing, led by Adams Capital Management, the mobile device in a card form is paper-thin, includes the “Electronic Stripe” fully card-programmable magnetic stripe which can be read at any existing POS magnetic stripe reader, and can change any bit of information on this programmable stripe at any given time. The “Card 2.0” solution is designed to be as durable as a traditional payment card and last over three years on a single battery charge. Two of its signature applications include the “MultiAccount” device featuring two buttons on the face of a card, next to which is a printed account number and a light source. The user can select an account by pressing one of the buttons. Another of its applications is the “Hidden” solution, with five buttons on the face of a card and a paper-thin flexible display, for which to turn the device ON, the user must enter a personal unlocking code into the card for operational use.

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FINARCH

Financial Architects (FinArch) integrated reporting, finance and risk solutions has earned the ‘Lion of the Export’ award. The ‘Lion of the Export’ annual award, organized by Flanders Investment and Trade, recognising Flemish companies that combine impressive export achievements with a durable and socially-involved strategy. FinArch was awarded as such based on its continued positive export numbers, solid export strategy and ethics and sustainability as business imperatives. All of which is even more impressive given the difficult market conditions we all face.

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FIS

Unicredit Bank financial services is installing NCR “Solidcore Suite for
APTRA” multivendor ATM software security solution with real-time
centralized management that prohibits the introduction of unauthorized
code on ATMs and protects them from insider attacks. The software is
being installed on Unicredit’s entire multivendor ATM network in its
branches. NCR Solidcore for APTRA proactively allows only authorized
code to run, rather than reacting to known attacks as they arise.
Specifically, Solidcore for APTRA automatically creates and updates the
inventory of good code and protects the system’s memory so that
authorized code cannot be modified, deleted or hijacked.

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Bankruptcies Down 8% M/M, Up 6% Y/Y

August US consumer bankruptcy filings were down 8% to 127,028 from the July figure of 137,698, but were still up 6% on the year ago figure of 119,874. So far this year, nearly 1 million consumers have filed for protection, translating to about one in every 110 households, and this number is slated to hit 1.6 million by the end of 2010. These findings, according to the American Bankruptcy Institute (ABI), also show the 1 million having sought court protection by this month in the year compares to the year ago figure of about 920,000. This coincides with a drop in applications for jobless benefits for the month by 31,000 to 473,000, according to the U.S. Labor Department.

BANKRUPTCY FILINGS
Aug 09: 119,874
Sep 09: 124,790
Oct 09: 135,913
Nov 09: 112,152
Dec 09: 113,274
Jan 10: 102,254
Feb 10: 111,693
Mar 10: 149,268
Apr 10: 144,490
May 10: 136,142
Jun 10: 126,270
Jul 10: 137,698
Aug 10: 127,028
Source: ABI/NBKRC; CardData.com

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Jack Henry Launches Standalone P2P Payment

Jack Henry & Associates technology solutions and data processing services has introduced its “TheWayiPay” standalone version of the iPay P2P e-payment solution. Offered through the recently acquired iPay Technologies division, “TheWayiPay” allows users to send and receive money using their existing accounts through financial institutions’ Web sites for secure processing. Payments can be made using only the recipient’s name and e-mail address, for which money is deducted from the sender’s account and deposited directly in the recipient’s account in one to three business days with payment confirmations sent to the recipient’s e-mail address. It is currently used by more than 2,150 financial institutions and is currently used by more than 533,000 end users of iPay’s consumer and small business bill pay solutions, having supported more than 5.5 million P2P payments including more than 96,000 monthly transactions ranging from $1.00 to over $10,000.

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Transactis Acquires OfferIQ as Product Line

Transactis electronic billing and payment has acquired OfferIQ digital coupon start-up. With this, OfferIQ brand will become a product line within the Transactis portfolio of services, allowing retailers to distribute and redeem virtual coupons and incentives to payment cards, gaining a new means to drive sales without additional POS hardware, software, or sales associate training. The acquisition brings together a management team with a wealth of experience in the transaction card services industry as entrepreneurs and senior management. Transactis electronic bill presentment and payment (EBPP) solutions offers its “BillMail” secure email billing platform and “BillerExpress” integrated EBPP suite sold by banks and payment processors to small and middle-market treasury clients.

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Former Your Money President Settles with FTC

The former president of Your Money Acces payment processing has agreed to settle a civil case brought by the FTC and the consumer affairs agencies of Illinois, Iowa, Nevada, North Carolina, North Dakota, Ohio, and Vermont on allegations the company’s client merchants made unauthorized debits from consumers’ bank accounts and violated the FTC’s Telemarketing Sales Rules. Under the settlement agreement, the former presidentvoluntarily agreed not to participate in certain dimensions of payment processing and to not knowingly aid anyone who is violating the Telemarketing Sales Rule. He also made a $15,000 payment to the FTC.

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UniCredit Bank Installs NCR Solidcore for APTRA

Unicredit Bank financial services is installing NCR “Solidcore Suite for APTRA” multivendor ATM software security solution with real-time centralized management that prohibits the introduction of unauthorized code on ATMs and protects them from insider attacks. The software is being installed on Unicredit’s entire multivendor ATM network in its branches. NCR Solidcore for APTRA proactively allows only authorized code to run, rather than reacting to known attacks as they arise. Specifically, Solidcore for APTRA automatically creates and updates the inventory of good code and protects the system’s memory so that authorized code cannot be modified, deleted or hijacked.

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LifeLock Launches Credit Monitoring Solution

LifeLock proactive identity theft protection is set to launch its “Credit Score Manager” comprehensive tri-bureau credit management suite. Offering credit score tracking plus credit monitoring “Credit Score Manager” helps members maximize control of disposable income and credit reputation by monitoring all three credit bureaus daily and sending alerts when changes are made to the member’s credit files. The service also provides members with monthly updates to their TransUnion credit score, and annual updates to credit scores and reports from all three credit bureaus. It is expected to be available in October.

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Global Payments Certifies ROAM Data mPayment

Global Payments payment processors has certified ROAM Data’s “ROAMpay” mobile payment solution for its ISOs and resellers. The ROAMpay solution is now fully available to their reseller channels, offering an encrypted swiper attached to the audio jack of cell phones and PCs, to enable a highly cost effective card present solution for merchants. The ROAM platform allows users to customize their own mobile applications on the fly. Strategic partner Ingenico has a longstanding relationship with Global, which is also reselling the “ROAMpay” mobile solution directly to its worldwide customer base.

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