PNC and ALI Solutions Co-Present Risk Webinar

ALI Solutions Intelligent Decision Automation solutions President and CEO is set to co-present a webinar with the Executive VP, Credit Executive – Consumer, PNC Financial Services Group. The presentation will take place on Tuesday, September 14th, from 1:00 p.m. to 2:00 p.m. central daylight time, via Bank Administration Institute (“BAI”). Registration can be made at http://www.bai.org/events/webinars/details.aspx?ec=0369&et=webinars. The webinar entitled “Managing the Two Faces of Risk: How Wise Risk Management Can Generate Revenue” is designed to show the growing sophistication of risk management in today’s economy, and the pitfalls in marketing campaigns overlook such risk considerations.

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PFM Tool Usage Trails Interest 15%:40%

With nearly 40% of the consumers indicating personal financial management (PFM) tools would be beneficial to managing their finances, only 15% used a PFM service in the past 90 days, of which 68% did so from online banking sites. With this popular interest in PFM tools, actual usage remains quite low, indicating potential for growth. This, according to Fiserv financial services technology, shows consumers are very interested in tools allowing them to track and analyze their spending and create budgets. Use of PFM services at online banking sites was more than twice as high as the top ranked third-party personal financial management Web site. This indicates consumers’ preference for, and trust in, online banking sites from their financial institution, which provide secure access to detailed financial information and the ability to complete financial transactions in one integrated user experience. These conclusions were drawn from Fiserv’s online survey in December 2009 of 3,000 online banking users.

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V/MC Credit + Debit GDV to Top $4T in 2010

Based on current growth rates, inflation rates and the impact of new regulations, gross dollar volume for Visa and MasterCard debit cards surpassed credit cards in 2010. Also, the combined GDV for U.S. credit and debit cards will likely exceed $4 trillion in 2010 after having so recently passed the $3 trillion milestone in 2008. According to CardData (www.carddata.com), Visa and MasterCard posted $1.63 trillion in credit card GDV in 2010 so far and $2.11 trillion in debit card GDV. Debit card GDV has been growing an average of 25% quarter over quarter so far this year while credit card GDV has been slowing, having grown only 12% in the first quarter and only 8% in the second. Due to the overall economy and new credit card rules to be implemented over the next two years, issuers will continue to pull back on new account acquisitions, reduce operating costs and focus on credit quality, thereby reducing the capacity for consumers to fuel credit card charge volume. Furthermore, Americans are likely to emerge from the current recession as “credit averse,” as the increase in the savings rate is currently indicating.

CREDIT vs DEBIT
(Visa & Mastercard)
($ billions)
Credit Debit Total
2008: $1583 $1514 $3097
2009: $1630 $1696 $3326
2010: $1700 $2300 $4000
2011: $1800 $2300 $4100
2012: $1900 $2400 $4300
Source: CardData (www.carddata.com)

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VERSAPAY

VersaPay Corporation, merchant credit, debit, gift and loyalty card payment processing and electronic funds transfer solutions has granted an aggregate of 550,000 stock options to Bill McGill in connection with his recent confirmation as CEO and appointment to the Company’s board of directors, as well as certain other employees of the Company, pursuant to VersaPay’s employee stock option plan. Each option is exercisable to acquire one common share at a price of $0.66 per option until August 25, 2015. VersaPay’s financial technology enables businesses and consumers across Canada to accept and process credit, debit and gift card transactions.

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Discover Call Center Service Awarded

Discover has been named by the International Quality & Productivity Center (IQPC) as the winner of the “Best Performance Leveraging Customer Service Feedback” category in the 2010 Call Center Excellence Awards. The annual awards honoring and promoting the most innovative call center solutions and individuals across all major industries, the IQPC awarded Discover’s service delivery excellence program. Focusing on customers, Discovery employees at all levels attend call-listening sessions to hear recorded playback of actual customer service calls. The sessions, totaling nearly 8,000 hours annually, include questions and commentary from attendees, and a discussion of the key aspects of the calls.

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INGENICO

Ingenico payment solutions has deployed the Fortis Bank Turkiye advertising campaign with its “EFT930G” color screen terminals. In the first phase, the advertisements for Fortis Worldcard will appear periodically on hundreds of Ingenico terminals deployed by the bank. EFT930 series The screen of the EFT930G is divided into two sections displaying the Fortis Bank Turkiye advertisement and a PIN entry screen at the same time, providing specific messages to the credit cardholders during the payment process. In the idle mode, the Fortis Bank Turkiye logo and ads are displayed alternatively.

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Mint Wireless Forges Motorola Partnership

Motorola has partnered to offer the Mint “PartnerSelect” members a payments service that allows mobility customers to accept payments using their existing Motorola hardware. Developed to be Software as a Service (SaaS), the Mint Managed Payment Service integrates with the Motorola ISV and Solution Partner’s existing Windows Mobile software solution and enables payment acceptance through their application in conjunction with the Motorola DCR7X00-200R. The Motorola DCR7X00-200R is a “snap on” payment device for any Motorola MC70 and MC75 mobile computer out in the field. Mint will provide the payment application for the ISV designed to support the new payment hardware.

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ExpressSend

Wells Fargo has expanded its “ExpressSend” remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation. Adding more than 4,000 payout locations in Mexico for a total of more than 9,000 locations, the remittance payout network with the expansion includes Soriana, Famsa, BBVA Bancomer, HSBC Mexico, Banorte and Telecomm Telegrafos. This allows more customers to send money directly to their beneficiary for one low transfer fee. Transnetwork provides a turnkey solution to money transfer organizations and banks by offering a large and diversified payment network in Mexico and Latin America.

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CRE Secure Integrates With PayLeap

CRE Secure cloud-based, secure payment solution for online merchants PCI compliant payment acceptance service is now integrated with Payleap electronic payment services. This integration substantially reduces the risks associated with security breaches and the incident of online fraud for online merchants and their customers. With its HTML clone design, online consumers are redirected to CRE Secure’s hosted payment platform through a window seamlessly mirrored from within their trusted merchant’s website. Since visually consumers feel like they never leave the merchant’s site, online merchants are able to maintain greater levels of branding continuity and security for their customers when processing ‘card not present’ transactions.

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PAYPASS

With 66% sad to see summer come to a close, 24% would be willing to spend up to $1,000 on a one-week summer extension. While 20% planning to head out of town for a long weekend getaway, 44% intend to spend the long weekend in the city entertaining family and friends or simply relaxing. These findings, according to a new poll from MasterCard “PayPass,” also show 29% disclosed they will miss the hot weather the most, 25% will most miss basking in the extra daylight and 22% will most miss summer activities. Additionally, 65% squeeze the most out of summer by stopping for gas before a road trip while 36% pack on Thursday for a weekend away and 35% stock up on summer supplies so they don’t have to stop to buy them before a long weekend or a weekend away.

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First Data Lietuva Leverages Compass Plus Processing

The First Data Processing Center in Lithuania has expanded its use of the Compass Plus “TranzWare” product to enable the automation of the center’s clearing and settlement procedures. First Data Lietuva is a division of First Data processing services. The center chose to expand its use of Interchange to integrate the product with its third-party processing solution and convert clearing formats to those of international payments systems. With a closer integration, First Data Lietuva enhances its direct communication with Visa and MasterCard and is able to easily move between internal formats, those of the card companies and their bank customers.

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TD INFINITE CARD

To promote its TD First Class Travel Visa “Infinite Card,” the Bank has announced the winner of its latest contest. Vancouver resident Mee-Mee Cheng will be treated to 11 days and 10 nights in South Africa after winning the TD First Class Adventures Contest. She will enjoy first class to the Country and led by private guide to nature reserves and hotels where she will be served local wine and food. It’s a once-in-a-lifetime adventure made possible by the TD First Class Travel Visa Infinite Card, one of the best travel rewards cards available. The grand total cost of the prize is valued at more than $40,000.

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