Over 52% of Credit Unions Now Implement Remote Deposit Capture

Over 52% of credit unions indicated they currently have at least one type of remote capture solution implemented, 63% of which have instituted a branch capture platform, 20% rely on teller capture solutions, 9% have an ATM capture solution, 4% offer merchant capture and another 4% offer home or member capture. These findings, according to Bluepoint Solutions’ “2009 Remote Deposit Capture for Credit Union,” also show 42% indicated they currently had initiatives in place while 46% are exploring the service. Bluepoint Solutions remote deposit capture (RDC) innovations, a Microsoft Gold Certified Partner, provides image-based item processing and enterprise content management software technology for financial institutions. The credit union survey was of a random sampling of more than 200 credit unions to determine which remote capture point were most used and to field future plans for leveraging the technology.

Details

Transaction Wireless&Fifth Third Processing Forge Partnership

Fifth Third Processing Solutions is set to offer Transaction Wireless virtual gift card solutions to its leading merchant partners through the Transaction Wireless “wGiftCard” suite of products. The Transaction Wireless “wGiftCard” technology will allow Fifth Third Processing Solutions’ merchant clients to implement a virtual gift card solution that easily integrates with their core processing platform. Fifth Third Processing Solutions is a pioneer in providing secure electronic payments and credit, debit and gift card processing services while Transaction Wireless is a commerce and marketing company. “wGiftCard” gives retailers coveted real estate on the ubiquitous mobile screen or email inbox for the delivery and redemption of gift cards, coupled with one-to-one marketing programs.

Details

Peoples Trust Company and CardWorks Market Hypercom in Canada

Peoples Trust Company and Integrated Card Exchange, an affiliate of CardWorks, is set to market Hypercom’s “Optimum T4210” (dial) and “T4220” (Ethernet with dial) high security payment terminals to ISOs and merchants in Canada. Planet Payment has Class A certified Hypercom’s “SPOS32” payment software on the two terminals. The Hypercom chip and PIN-enabled “T4210” and “T4220” payment terminals enable full domestic processing support, have received EMV certification from the Interac Association, Canada’s national debit card program and feature a robust suite of software applications. Among the key applications is “Pay in Your Currency,” which is powered by Planet Payment payment processor to allow merchants to offer international MasterCard® or Visa® cardholders the convenience of paying for purchases in their home currency.

Details

American Consumers Positive on Recovery

The most recent installment of the Western Union “Global Business Payments Money Mindset Index” found 17% of consumers believe their financial situation had improved during the past six months (versus 15 percent in Q3 2009) and a full one-third of consumers expect their finances to continue improving in the first half of 2010. Correspondingly, the study found a slight decrease in the number of consumers who reported feeling “stressed” when considering their ability to meet financial obligations (50% versus 53% in Q3 2009). The study also showed a slight increase in the number of consumers reporting the loss of a primary job (15% of respondents versus 14% in Q3 2009) while 63% of consumers who have created a budget in the last six months have been successful at sticking to it. But consumers are more willing to dip into long-term assets to cover short-term debt, with 23% of those consumers withdrawing from their savings in the last six months stating that they withdrew funds from a 401(k) account and another 16% withdrawing funds from a brokerage account, stocks, bonds or mutual funds.

Details

Western Union Certifies Vendors for Mobile Program

The Western Union Company has certified two participants in its Mobile
Vendor Program: India-based mChek and South Africa-based Fundamo.
WU has also selected mobile value added solution provider Comviva as a new
participant in the program. The Mobile Vendor Program is intended to
extend the reach and accessibility of Western Union Money Transfer
services to mobile finance initiatives in Latin America, Africa, the
Middle East and Asia. mChek and Fundamo are the first to be certified
in Western Union’s program. Fundamo’s Enterprise Mobile Financial
Services platform is designed for configuration to
evolve with the needs of mobile subscribers wih 40 deployments in over
30 countries, most of which located in Africa and the Middle East.
mChek offers a hosted service for Mobile Money
Transfer and secure payments using credit cards, debit cards, bank
accounts and stored-value wallets. Other participants include
Singapore-based Utiba, U.S.-based Sybase 365, YellowPepper, a mobile
vendor in Latin America, and now, India-based Comviva. Mobile operators
who sign agreements with certified Western Union Mobile Vendors and
Western Union will be able to offer their subscribers the option to send
and/or receive money through Western Union’s money transfer system.
Western Union entered the mobile
financial services space in the second quarter of 2008, with an
endorsement for a global pilot program by the GSM Association, a global
trade association representing more than 750 mobile operators
worldwide.

Details

TxVia Signs Processing Agreement with AmEx Incentive Services

TxVia processing technology for network-based payment systems has signed an agreement to provide American Express Incentive Services (AEIS) prepaid solutions with prepaid processing platforms based on TxVia’s platform-as-a-service (PaaS) delivery model. TxVia’s PaaS delivery model enables clients, to take significant control of their processing platforms, as well as their product and service attributes: Clients can utilize Web-based tools—including an integrated development environment (IDE) called TxDev—to participate in our Payment Processing Developer Network and extend TxVia’s features and functionality and meet their end users’ specific needs.

Details

Heartland to Partake in Baird Conference

Heartland Payment Systems payments processors announced its President&CFO is slated to present at Baird’s 2010 Business Solutions Conference on Thursday, February 25, 2010 at 12:05 P.M., in Boston, MA. Interested parties can listen to a live webcast of the presentation on the Investor Relations section of Heartland’s website at: http://www.heartlandpaymentsystems.com. The webcast will be archived on the Company’s website after the live presentation for 90 days. Heartland Payment Systems is the 5th largest payments processor in the United States providing credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide.

Details

Underbanked Rely on Snail Mail Payments

A new report from Aite Group reveals that 45% of underbanked customers
pay bills by mail.
The “Impact Report” shows that traditional bill payment methods retain
their
dominance with unbanked and underbanked consumers. Cards, online
payments, and direct debit have made only small inroads into bill
payments in this market – a market that continues to rely on checks,
cash, and money orders.

Details

Alta Intros MIL-STD-1553 PCI Express Products

Interface card and software supplier Alta Data Technologies has released two new MIL-STD-1553 products for PCI Express (PCIE) systems: One (1L) and four lane (4L) PCIE-1553 interface cards. These cards provide many industry-first features, including the first low profile PCI Express 1553 interface card. The PCI Express 1553 cards support Windows, Linux, RTOS and LabVIEW systems and are the only products that can run and execute the SAE AS4111 5.2 RT Validation tests, and thus, truly 1553B Notice II and IV compliant. Alta’s PCI, PCI Express, PMC, XMC, PCCARD, VPX, cPCI/PXI and PCI ExpressCard interfaces offered in high-density channel configurations, IRIG Time Code Decoder, Triggers, Discretes and the advanced AltaAPI software tool kit package.

Details

Olympic Winter Games Gives Serious Boost to Vancouver Tourism

International visitors to the Vancouver 2010 Olympic Winter Games have spent nearly US$5.2 million on their Visa cards on the Opening Day alone in the Province, a 46% increase over the same day last year. The biggest Visa spenders were from the US, followed by China, the UK, South Korea, Australia, and Hong Kong, allof whom accounted for over 70% of all Visa card spending that day. As a sponsor of the Olympic Games for the past 24 years, Visa has installed a special ATM network and more than 800 POS acceptance devices at competition and non-competition venues. Only Visa credit, debit, prepaid and Visa electron cards are accepted at all POS card acceptance devices and ATMs in 2010 venues.

TOP 10 VISA O-DAY SPENDERS
US $2.3mm
CHINA $395,000
UK $290,000
SKOREA $220,000
AUS $213,000
HK $209,000
RUS $180,000
JAP $177,000
BZ $105,000
GMY $98,000
SOURCE:Visa

Details

Euronet Worldwide Reports $30mm Revenue Increase Y/Y

Euronet Worldwide posted fourth quarter revenues of $285.6 million, compared to $255.7 million for 4Q/08, while operating income hit $22.5 million, compared to an operating loss of $198.3 million in 4Q/08. Adjusted operating income was $22.5 million compared to $21.8 million the year ago period, adjusted EBITDA was $39.6 million compared to $35.9 million 4Q/08, net income was $8.2 million compared to a net loss of $192.7 million in 4Q/08 and transactions totaled 395.8 million, compared to 377.7 million year over year. Meanwhile, Euronet Worldwide posted 2009 fiscal revenues of $1,032.7 million, compared to $1,045.7 million for 2008. Additionally, Operating income was $72.3 million, compared to an operating loss of $149.0 million in 2008; adjusted operating income was $77.8 million, compared to $74.1 million; Adjusted EBITDA(2) was $141.6 million, compared to $139.0 million; Net income was $30.4 million compared to net loss of $193.5 million; and transactions totaled 1,497.7 million, compared to 1,402.0 million for 2008. For complete details on Euronet’s fourth quarter results visit CardData (www.carddata.com).

QUARTERLY REVENUE
QTR REV($mil)
1Q/09 233.7
2Q/09 248.6
3Q/09 264.8
4Q/09 285.6
SOURCE: Cardata

Details

Comverse Offering ONE Billing Mobile Combo

Value added service provider Comverse has combined its “ONE Billing” and
“Active Customer Management” with mobile internet solutions.
The combined solution bridges a carrier’s IT organization with its
network operations. It also unifies
sales, marketing, ordering, billing and customer management around a
single data model and provides full convergence across any network, any
service, any content and any payment type. By centralizing customer
information, eliminating integration points, and delivering a single
marketing-driven product catalog, the Comverse ONE BSS offering enables
operators to quickly introduce and monetize new services, while
providing a consistent and interactive customer experience regardless of
customer touchpoint. Comverse’s Mobile Internet HUB provides an open,
modular offering of
Deep Packet Inspection, Policy Management and Enforcement& Data
Charging, which addresses operator’s key business needs around resource
utilization, customer experience and monetization.
With this combined solution, operators can better manage network
capacity, offer segmented price plans, prevent bill shock for
subscribers, deliver Quality of Service (QoS) guarantees, and impose
fair use limits on high users.

Details