Fiserv Implements Platform for Albemarle Bank

Albemarle Bank & Trust has selected the “Premier” bank platform from Fiserv. A highly scalable solution, “Premier” will accommodate Albemarle’s plans to become a full-service community bank in North Carolina later this year. Adding Fiserv Internet banking, branch source capture and merchant source capture to the bank’s offerings allows the Bank to offer an all-in-one, user friendly solution with products and services that differentiate the organization from larger national and regional competitors. A robust technology plan ensures a proper blend of new technology with the services and products long-term existing customers still request.

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IHG and Chase Launch New Visa

Chase Card Services and IHG (InterContinental Hotels Group) have introduced the “Priority Club Select” Visa Card, designed by frequent travelers. Developed using direct feedback from consumers on the Company’s private online community, comprised of members of IHG’s loyalty “Priority Club Rewards” program, the “Priority Club Select” Visa Card offers ongoing automatic 10% rewards rebate feature and 30,000 bonus points after the first purchase is made using the card with no annual fee the first year. Additional features include an annual free night certificate good at more than 4,400 IHG hotels worldwide; Gold Elite Status for the life of the card with access to late check-out at certain properties; two points earned for every $1 spent on everyday purchases and no foreign transaction fees.

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Card Activation Notified on Reexamination

Card Activation Technologies announced on June 23 the United States Patent and Trademark Office issued a “Notice of Intent to Issue Reexamination Certificate” in the reexamination proceeding involving Card Activation Technologies’ U.S. Patent number 6,032,859 covering the processing of debit purchase transactions such as purchases using gift cards. The Notice confirms the Patent Office’s finding of patentable claims in the proceeding and its intent to issue a Reexamination Certificate confirming the patentability of those claims. Card is actively enforcing the ‘859 Patent against infringing retailers in multiple, ongoing lawsuits, and has entered into licensing agreements with numerous other retailers.

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Smart Cards Expert Joins ABI Research

ABI Research has appointed John Devlin as Principal Analyst, Smart Cards and Embedded Security. Within ABI Research’s Smart Cards and Embedded Security Research Service, John Devlin will focus research and management efforts on markets and technologies for smart cards and chip cards, authentication, identification, payments, and data protection. His research focus has been on mobile, contactless/NFC, smart cards, payment acceptance and ID. Since 2001, he held positions of increasing seniority at IMS Research in the UK, eventually becoming Research Director, Financial & I.D. Technologies Group, a new business area which he developed for the firm.

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OPEN SOLUTIONS

Open Solutions Canada announced nearly $1 million in new investments in its data centre in Vancouver, as well as new services augmenting the data processing centre’s existing offerings to the industry. Open Solutions is a provider of integrated enabling technologies for financial service providers across the United States, Canada and other international markets. Open Solutions Canada has implemented state-of-the-art IBM / AIX systems and Hitachi storage solutions inside the data centre which will offer greater reliability and redundancy for the company’s clients. The data centre completed the deployment of an automated job scheduling solution for the TCCUS®/DNA banking environment that improves efficiency through automation of application processing.

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eBay Makes New Apps Available Internationally

eBay online marketplace has international released its “eBay Selling” and its “eBay for iPad” applications. The “Selling” application is now available in Germany and the United Kingdom, and the “eBay for iPad” application is now translated into French, Italian, German and Spanish for international users and is currently available through Apple’s 77 iTunes(R) App Stores. This developemnt will allow sellers in Germany and the United Kingdom to leverage eBay’s Selling iPhone application to sell items on their local eBay marketplaces. The latest version of the “eBay Selling” application is the first of eBay’s suite of mobile applications to integrate the accurate RedLaser barcode-scanning technology. eBay sellers in Germany, the United Kingdom and the United States will now be able to quickly create listings by simply scanning an item’s barcode to access pricing trends, product details and list items from eBay’s catalog for sale.

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BARCLAYS STUDENT

Barclays launched its improved student package with an interest-free overdraft facility, allowing students to choose a limit that they need up to GBP2000, a free SMS service to help students keep on top of their finances, and a range of mphone, broadband and laptop incentives. The package is designed to give students flexibility and control by allowing them to choose what they really need from their student account, and ultimately make it easier for them to adjust to university life. Students opening a Student Additions bank account will be able to apply for an interest-free overdraft of up to GBP2,000 regardless of their year of study, for the duration of their time at university, and a further GBP1000 at a rate of 8.9%.

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Aptys Solutions Streamlines Payments Processing

Aptys Solutions payments network provider for financial institutions has launched its “Active Archive” solution. Eliminating payment channel silos and allowing financial institutions to manage all payments information in a single location, “Active Archive” provides interactive capabilities that simplify the archiving process, reduce a financial institution’s operational costs and decrease paymentfraud risk. It also allows financial institutions to consolidate payment archives, merging all payments data, integrating with existing payment systems, fulfilling all compliance and reporting requirements and is compatible with any transaction type including X9.37, ACH and wires.

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EUROTECH

Eurotech embedded technologies announced a $10 million contract to supply embedded computers to Cubic Transportation provider of automated fare collection systems for public transport. Destined for use in the smart card ticketing system on the transport system of a major European capital, the contract will see 20,000+ units installed in buses and station gates throughout the network. Each unit will interface directly to a smart card reader and relay both passenger and journey information into the fare collection system. Eurotech is a design, development and production supplier of application-ready embedded computers and systems.

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eBay App for Android Available Internationally

eBay mcommerce and online marketplace has internationalized its eBay application for Android, now available in the Android Market in Australia, Canada and the United Kingdom. The free, updated international Android app will feature Buyer alerts; Daily Deals; Feedback; My eBay with an easier to use interface for quicker access to listings, watched items, bids and sales; Member Messages; Sharing; Payments; ability to View Sellers Other Items; and Voice search. The internationalization of the eBay for Android application builds on eBay Inc.’s momentum in global mobile commerce through continuous innovation.

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ADIB

Abu Dhabi Islamic Bank (ADIB) Islamic financial services has launched interactive mfinancial services through Etisalat’s Unstructured Supplementary Service Data (USSD) technology. Etisalat’s USSD technology allows interactive communication between the bank and a customer using their mobile phone. Unlike SMS banking, the USSD technology will enable customers to conduct secure real time transactions through their mobile phones, and get information on a broad range of banking services offered by ADIB. ADIB mobile banking allows customers to perform transfers between a customer’s accounts or third party ADIB accounts, monthly card payments and payments of bills for utilities such as ADDC, AADC, DEWA, SEWA and Etisalat.

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Fico Launches CLO Starter Kit

Fico analytics and decision management technology has made available its the “Credit Line Optimisation Starter Kit” for credit line optimisation (CLO). Bundled with the industry-leading Fico Triad Customer Manager to help card issuers apply analytic precision to credit line increase strategies, the “Credit Line Optimisation Starter Kit” allows clients to take their TRIAD credit line increase strategies to the next level of performance, find opportunities for responsible profitable growth and control losses while making the best use of limited exposure. Specifically designed to enable card issuers to develop more profitable strategies in the regulated environment, the starter kit can produce an optimised strategy 3-9 months faster than building your own solution with an optimisation tool. Already integrated by TSYS, the kit can be easily integrated into TRIAD, used to manage about two-thirds of credit card accounts.

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