The Card Awards Dinner and Ceremony at The Grosvenor House in London on Tuesday 2nd February 2010, recognised TSYS Managed Services client Nationwide Credit Card’s Customer Service delivery for “Best Achievement in Customer Service” and Home Retail Group Financial Services for Best Technology Initiative of the Year for the Argos and Homebase Cards. This award was for the replacement of Home Retail Group’s card management solution with TS2(R) and other value-added products from TSYS. TSYS clients continue to feature prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists, whilst Bank of America won 2 awards and was named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year, joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years.Details
The Card Awards Dinner and Ceremony at The Grosvenor House in London on February 2nd recognized a great many TSYS clients. These clients continue to feature
prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists and Bank of America won 2 awards and was
named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year,
joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years. TSYS payment services, offering a broad range of issuer- and acquirer-processing
technologies that support consumer-finance, credit, debit and debt management.
The Western Union Company announced the final results of its offer
to exchange up to $500 million aggregate principal amount of its 5.400%
notes due 2011 for a new series of notes due April 1, 2020. The
$303,671,000 aggregate principal amount of outstanding old notes were
validly tendered and not validly withdrawn in the exchange offer. Upon
settlement of the exchange offer, which is expected to occur on
Tuesday, March 30, 2010, the company will accept $303,671,000 aggregate
principal amount of the old notes; issue to the holders whose old notes
are accepted for exchange a new series of notes due April 1, 2020 in an
aggregate principal amount of $324,921,000; and pay to holders whose
old notes are accepted for exchange cash in an amount equal to the
accrued and unpaid interest to, but not including, the settlement date
with respect to the old notes accepted for exchange and cash in lieu of
any fractional amounts of new notes which result from the application
of the total exchange price.
NCR ATMs has made available the NCR ” SelfServ 28″ fully weatherized, free standing cash dispense ATM. The “SelfServ 28” allows financial institutions to extend their brand by offering ATM services in high traffic off-premise locations. The machine is an ideal complement to a bankâs existing ATM network as it can go wherever a bankâs customers need service, without the need to build a structure to house the ATM, offering both wired and wireless connectivity. The “SelfServ 28” ATM needs only a power outlet to operate has an ultra-low carbon footprint and is designed to be easily deployed and redeployed, allowing a financial institution to enhance its branding efforts with a minimal cost of ownership. It also features self-healing technology that allows the ATM to make minor repairs without a service call, full-motion instructional videos and a modular design to help make servicing easier and ensure maximum availability. NCR SelfServ ATMs have been purchased by more than 900 financial institutions in more than 110 countries around the world since 2008.Details
According to market research publisher Packaged Facts in
“Consumer Payment Trends”, currently 54% of U.S. adults cite cash as their preferred form of
payment. Meanwhile, 68% of American adults have a debit card in their wallet and
67% have a credit card; though only 53% of adults may be considered
active credit card users with transactions in the last thirty days.
The report reveals that the falling percentage
of consumers who have used their credit cards in the last twelve months
indicates that more people are keeping their accounts open for emergency
purposes only while opting to use the equally convenient — and still
popular — debit card instead. More than half of American adults still pay bills with checks due to the
security checks offer when sending payments through the mail and because
they don’t expose consumer accounts to the electronic vulnerabilities
that can be exploited by high-tech thieves. Nevertheless, the
time-consuming disadvantages of checks appear to be outweighing the
advantages, especially as Americans turn increasingly to electronic
forms of payment. Online payments are benefiting from the shift toward electronic forms of
payment, and in many ways they are also helping to drive that shift.
Last year, 27% of U.S. adults — 61 million people — paid their bills
online, a testament to both the robustness of online payments and how
quickly Americans have taken to it as a viable payment option.
eBay has launched two new iPhone apps, the new eBay
Selling and eBay Classifieds mobile apps and April 3, eBay will take mobile commerce a step further, with a new
version of the eBay app for iPad.
eBay is the worldâs leading mobile commerce innovator. With more than 8
million people using their iPhones to shop eBay, the company expects to
generate $1.5 billion in merchandise volume through its mobile platform
in 2010. Thatâs approximately two-and-a-half times the more than $600
million eBay generated in mobile commerce merchandise volume in 2009.
The eBay mobile apps are available in more than 190 countries and eight
languages. And, with the new mobile apps adding more easy ways to sell
on eBay.com and eBayClassifieds.com, buyers have more options than ever
to access incredible value and selection online and find the best deals
in their neighborhood, across the country and around the world.
Transaction Network Services is partnering with Blue Bamboo,
allowing ISOs, acquirers and processors to enable TNSâ Synapse wireless payment gateway
to extend acquiring opportunities to a new segment of
merchants who are interested in using smartphone devices to accept card
payments from their customers. The smartphone solution provides a PA DSS certified Java-based applet
that runs on mobile handsets, enabling mobile merchants to perform
card-swipe transactions on a variety of equipment, including certified
Blackberry, Nokia and Motorola devices. In addition to the mobile phone POS payment solution and device
management via Synapse, TNS will soon be supporting the all-in-one Blue
Bamboo “H50 terminal.” This has a unique modular design giving merchants
the flexibility to accept credit and debit transactions, and the ability
to easily convert the GPRS mobile wireless transaction device to a
Bluetooth, Ethernet or Dial-Up-modem terminal. TNSâ Synapse solution includes wireless network access, account
activation, fast, reliable and secure transaction delivery to most major
processors, web-based merchant and terminal management, customizable
online reporting, and live 24×7 customer service. On a fully PCI DSS
certified processing platform, it offers a broad range of end-to-end
services for ISOs and mobile merchants.
Trustwaveâs “SpiderLabs” advanced security team responsible for incident response and forensics, penetration testing and application security and security research has joined the Forum of Incident Response and Security Teams (FIRST). FIRST is a non-profit organization and recognized global leader in incident response, membership in which allows incident response teams to more effectively respond to security incidents by providing access to best practices, tools, and trusted communication with member teams. Trustwave will participate with other FIRST member teams to provide information exchange and cooperation on issues such as new vulnerabilities and common attack techniques. FIRST members have resolved an almost continuous stream of security-related attacks, handling thousands of security vulnerabilities affecting millions of networks throughout the world.Details
Panini distributed check capture and Brazil-based Tecpoint banking and payments technology have partnered to allow both companies to assist banks with the emerging distributed check capture market in Brazil. With this, Brazilian financial institutions will be moving to distributed check capture this year. The combination of Tecpointâs Sistec solution and the Panini family of check scanners offer a compelling solution for this new payments initiative. Panini introduced their newest check scanning platform, the Panini I:Deal, which can now allow Brazilian financial institutions to truncate paper checks at the earliest point of presentment. Captured images can then be processed and cleared electronically, reducing the costs and procedures associated with physically transporting paper items.Details
Evangelical Christian Credit
Union (ECCU) has selected Arcot Systems authentication provider
to provide secure online financial transactions for ECCUâs
church, Christian school and missionary account holders in more than 100
countries. ECCU chose Arcotâs “A-OK On Demand Cloud Authentication Service”. The
service includes Arcotâs WebFortÂ® versatile authentication, which
provides strong authentication to prevent fraud when accessing online
accounts and other secure documents, products, and services.
ECCU is a banking resource for churches, Christian schools and other
evangelical ministries throughout the United States. With more than $3.2
billion in total assets under management, ECCU offers a full range of
financial services and solutions to help evangelical Christian
ministries better manage their financial resources.
Cypress Semiconductor has introduced its “Electronic Product Selector Guide” online product selection tool for its “PSoC 3” and “PSoC 5” architectures. Now available at www.cypress.com/go/PSoCePSG, the selection tool streamlines the selection of the optimal PSoC device based on the peripheral functions a designer wants to implement in the programmable analog and digital resources. As a user makes selections in the toolâs intuitive user interface, the âResultsâ field of applicable parts dynamically narrows down, displaying the part with the best match first. The “Electronic Product Selector Guide” allows designers to easily customize the number of ADCs, DACs, comparators, OpAmps, PGAs, TIAs and mixers needed in the analog subsystem; the number of timers, PWMs, counters and communications interfaces, including I2C, SPI, UART, I2S, Full-Speed USB and CAN, needed in the digital subsystem; and the speed, microcontroller core, memory, voltage, temperature range and package in the CPU subsystem.Details
Cubic Transportation Systems has delivered the new regional smart card system. Compass will be rolled out
to the last of the region’s pass holders in April, with full deployment
expected a month later. The Compass Card is a reusable, reloadable transit pass that is
replacing traditional paper passes. Riders “tap” their cards on
electronic validators as they board buses and at Trolley and train
stations to access transit. Cubic’s open platform Nextfare system
captures Compass Card usage by station providing better ridership data
for service planners and integrates fare product sales
devices, station validators and other revenue collection devices
providing streamlined reporting and management.
Nextfare Internet module for sales and
distribution makes it possible for a Compass Card user to log on to
www.511sd.com and purchase monthly passes. The accountholder
automatically adds the pass to the card by tapping at any fare device
the next time the customer rides transit. Almost two-thirds of San Diego County’s 90,000 active pass users have
converted to the Compass Card since the San Diego Association of
Governments (SANDAG) introduced it last May.