Capital One Bank announced the appointment of Jim Gifas as Senior Vice President and Head of Treasury Management’s Product Management & Innovation Group. Gifas will lead all aspects of product management and development functions, including industry and segment strategies. Prior to joining Capital One Bank, Gifas served as Head of Treasury Solutions for RBS Citizens Bank, where he drove value for corporate clients through cash management, credit card, trade finance, and foreign exchange payment solutions. Gifas is an active member of the Payco Board of Directors for The Clearing House and the Corporate Executive Board for the Treasury Management Executive Circle. He has recently spoken at the 2013 Mobey Forum and the 2012 McKinsey & Co. Cash Management Forum on the topics of corporate mobile banking and improving the customer experience, respectively. He holds a Bachelor of Business Administration from Iona College.Details
Cardlytics Card-Linked Marketing has been honored as one of the Georgia Fast 40. The Georgia Fast 40 was founded in 2008 to honor companies headquartered in the state of Georgia that are achieving sustained growth over a three-year period. This year saw the largest pool of applicants in the history of the event, with over 100 companies submitting applications, which makes this recognition even more rewarding for Cardlytics.The Georgia Fast 40 recognition event will be held on June 19, 2014 at the Intercontinental Hotel in Atlanta.Details
The Dime Savings Bank of Williamsburgh announced the launch of its new mobile banking product, Dime Mobile Banking, which allows users to pay bills, transfer funds, and check on account status from the convenience of their smartphone.
In addition, the mobile deposit capability allows users to photograph their checks and then transmit the deposit to the bank through their mobile device. The free Dime Mobile Banking apps are now available at the Apple App Store and Google Play Store. For more details, please visit our website, dime.com. Dime will move into a full-scale branch rollout and market promotion. Featuring the headline “Say ‘Hello’ to your money,” branch promotional material and signage will make a colorful splash, announcing the arrival of Dime Mobile Banking. Dime Mobile Banking is a continuation of the Bank’s strategy to extend Dime’s eBanking platform to include online banking, mobile banking, bill pay and remote deposit, and to increase remote access usage with existing customers.
Malauzai Software mobile banking SmartApps received a $6.48 million Round C investment led by Wellington Management Company. Malauzai currently supports more than 260 banks and credit unions, making advanced mobile functionality accessible to small and mid-sized community institutions. Through these institutions, SmartApps are leveraged by more than 300,000 consumers and businesses. The company has pioneered mobile features such as Picture Pay, Debit Card Management, 4-digit pin log-in and quick view of balance and transactions without the need to sign-in.Malauzai will use the investment to continue to grow the organization and expand the functionality of its SmartApps. The company also plans to deploy more resources around marketing and sales efforts to improve market presence.Details
Citi launched its Mobile Snapshot, allowing customers to view deposit and credit card balances and recent transactions without having to log into their accounts. This follows a successful beta test conducted with customers over the past three months. Citi banking and credit card customers who choose to enroll in Citi Mobile Snapshot will have instant access to their basic account information. The new feature will help enrolled banking and credit card customers monitor their accounts on-the-go by displaying balances and the 15 most recent transactions without requiring a log-in every time. The introduction of Citi Mobile Snapshot feature is part of the complete redesign of the Citi Mobile app launched earlier this year. The new app, enabled for iPhone® and Android™ devices, provides U.S. banking and credit card customers with new and enhanced mobile account management capabilities.Details
mPOS (mobile point of sale) in Europe will take off dramatically in 2014, driven by changing perceptions towards card acceptance usage by small businesses (SMEs) and micro-merchants. The number of European merchants signing up for Chip and PIN mPOS increased by more than 60% in the last quarter of 2013.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Logic PD engineers and designers addressed this real world challenge and uncovered new insights on how the Internet of Things (IoT) technology can help improve people’s lives during the Logic PD ACME-thon held in late April. The solution, a multi-modal security platform for card purchases, uses NFC authentication combined with camera…Details
ULUL is pleased to announce the qualification by GlobalPlatform of two new Collis Compliance Test Suites: GlobalPlatform SE Access Control Card and GlobalPlatform SE Configuration, which further enhances UL’s compliance test suite portfolio. The Collis Compliance Test Suite for GlobalPlatform Secure Element (SE) Configuration implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of a Secure Element that implements the GlobalPlatform Card Secure Element Configuration specification which is based on GlobalPlatform Card version 2.2.1 technology. The Collis Compliance Test Suite for GlobalPlatform Secure Element (SE) Access Control Card Configuration implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of an ARA-M applet on a Secure Element that implements the GlobalPlatform Access Control specification.Details
Javelin Strategy & Research released 2014 Retail Point of Sale Payment Forecast: The Mobile Payment Square-Effect and Prepaid Card Popularity Drive Cash Down by 10% report which evaluates the forecast changes in the retail POS market, tracking payments mix data from 2012 through the forecast year of 2019. Cash and paper checks dominated consumers’ wallets, with consumers using cash for smaller dollar-value transactions and selecting checks for big-ticket items. This trend has taken a dramatic turn, as consumers increasingly abandoned their traditional paper-based payments for card payments. From 2012 to 2013, cash dropped by 10% of volume of transactions, a total of $86B and is forecasted to drop further over the next six years. Cash is still the most commonly used payment option for in-store purchases, with 65% of all consumers using cash to make a purchase in the past seven days. The report details Javelin’s forecasts for total retail POS payments volume and analyzes share and transaction growth at the POS for credit cards, debit cards, cash, paper checks, prepaid cards, gift cards, and mobile proximity payments.Details
CashStar announced that it will join leading specialty retailer Aéropostale to help Card Not Present (CNP) Expo attendees learn about, and successfully navigate, the fastest growing trend in prepaid: the shift to digital and mobile. The CNP Expo provides a meeting place for merchants, banks, processors, anti-fraud software providers, legal experts, alternative payment providers, card networks, and others to learn how to leverage CNP payments in an increasingly multi-channel retail sales environment. CashStar Chief Risk Officer Pete Kledaras will be joined by David Libenson, vice president of financial operations at Aéropostale, and Jim Shanahan, CEO of Prepaidian. The fastest growing trend in prepaid cards is their transition from physical cards to digital and mobile currencies and marketing them for omni-channel use. Industry data shows the under-banked, teens and, increasingly, affluent consumers who don’t want the security risks associated with using a credit card, began using both open- and closed-loop prepaid cards online and on-the-go via smartphones in a big way this past holiday season.Details
ParTech announced that Fogo de Chão recently installed PAR POS terminals. Fogo de Chão (fo-go-de’e-shoun) is an authentic Brazilian Steakhouse with 24 locations in the U.S. and 9 locations in Brazil. Fogo de Chão has selected the PAR EverServ(R) 7000 POS hardware family as the standard POS for all new store openings and replacements or upgrades at existing stores in the U.S. Fogo de Chão initially deployed the EverServ 7000 terminals for its new flagship restaurant in New York, which opened on December 19, 2013. EverServ 7200 terminals are used at the server stations and EverServ 7700 Low Profile terminals are used at the hostess station for seating guests and taking reservations.Details