Allied Payment Integrates Solutions to PicturePay

Allied Payment online and mobile bill payment services announced its FlexPay Internet bill pay solution offers banks and credit unions full integration with Allied’s industry-leading PicturePay® mobile photo bill pay solution, as well as flexible, per-transaction pricing rather than the traditional per-user pricing model. The integration offers several other advantages. FlexPay payees are populated from PicturePay photos, and payee lists are synced between both products. FlexPay seamlessly integrates with any online banking platform to match the look and feel of an institution’s existing website to provide bank customers and credit union members with greater continuity in their online banking experience. Users can also choose from a variety of available user interface formats to match their individual preferences.

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Gresham Transaction Software Sees 2Q/14 Rev up 64%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gresham real-time financial transaction control software to the global matching and reconciliation market, reports 1H/14 revenues up 67% to GBP 2.0m and profit before tax of GBP 0.6m (H1 13: £0.7m). Since May 2014, four new customers have signed for CTC. A major bank purchased CTC for real-time intersystems matching and…

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HomeSend Expands Remittance Offering

HomeSend, eServGlobal and BICS announced an agreement with Indosat to make remittance services available in Indonesia.Through Indosat’s Dompetku Mobile Money platform, users can safely send and receive funds across Indonesia’s largest mobile money network. The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The International Fund of Agricultural Development (IFAD), a specialized agency of the United Nations, estimates that 6.5M Indonesians will send funds to family or friends back home in 2014. The World Bank estimates that in total, $7.5B in remittance payments will be made into Indonesia this year.

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EMVCo Approves Fime Lab

EMVCo has approved Fime’s laboratory to its EMVCo Contactless Communication Protocol Specification. This accreditation means FIME Japan can support chip card and mobile device manufacturers with type approval testing of their products to the requirements defined by EMVCo. EMVCo is the EMV® technical body collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa. It accredits laboratories and qualifies test tools that in turn can support product type approval. This particular EMVCo contactless specification describes the minimum functionality required for operation and market interoperability of contactless payment cards and NFC enabled mobile devices.

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Gemalto to Acquire SafeNet

Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis.SafeNet technology protects over 80% of world’s intra-bank fund transfers and its 1,500+ employees, including 550 cryptographic engineers, serve more than 25,000 customers, both corporations and government agencies, in over 100 countries. In 2013, SafeNet recorded revenues of US$337 million and profit from operations of US$35 million and expects revenues of US$370 million and profit from operations of US$51 million for 2014. The purchase price of US$890 million is self-funded with US$440 million from available cash, and US$450 million drawn from existing long-term credit facilities. The closing of the transaction is expected to occur in Q4 2014, after approval from the relevant regulatory and antitrust authorities.

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National Bank of Abu Dhabi commissions NCR

The National Bank of Abu Dhabi has implemented NCR SelfServ 91, a new hardware platform that will help NBAD transform its branches and extend its retail banking footprint. As the latest in branch banking technology from NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, NCR SelfServ 91 is a modern, sleek, in-branch ATM that can help migrate low-value transactions from the teller line to self-service, freeing branch staff to focus on sales and customer support. When paired with next-generation NCR Interactive Banker software, SelfServ 91 can complete as much as 90 percent of typical teller transactions and connect in-branch employees to server-based software that delivers fast, real-time customer and transaction data to tablet PCs.

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Virtual Piggy Offers Business Update

Virtual Piggy commented on its recent business progress, in particular, its Oink digital wallet and its growth to the 1 million-system user mark. The company subsequently plans to increase the size of this base both in the US and internationally across Europe, and to increase engagement levels with the Oink service. The Company is anticipating significant new partnerships, product launches and marketing campaigns to occur throughout August, September and October. Virtual Piggy prides itself on the security, consent and payer identity functionality within the Oink service for efficient ‘family’ purchasing.

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