ACI Strengthens UnionPay Payments

ACI Worldwide announced strengthened support for UnionPay with the ACI Interchange. This opens up new markets for financial institutions and processors by enabling support for UnionPay transactions while extending infrastructure options to include IBM System p AIX. UnionPay has issued more than 3.5 billion cards worldwide and it is projected to continue its significant growth. UnionPay cards are accepted in more than 140 countries and its growth presents a significant opportunity for financial institutions and processors facing revenue pressures or wanting to extend their commercial offerings with a growing brand. ACI Interchange already supports incoming and outgoing clearing and settlement processes for transactions underpinned by EMV and magnetic stripe payment cards for the major international schemes; this has now been extended to include UnionPay.

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SecureKey Chosen for MintChip Currency

SecureKey today announced that its briidge.net Connect™ Platform has been chosen by the Royal Canadian Mint to provide device-based multi-factor user authentication for its new MintChip cloud-based digital currency. The briidge.net Connect Mobile SDK built into the MintChip consumer mobile app, combined with the briidge.net Connect service, will enable consumers to make cash-like MintChip payments using their smartphones and other mobile devices more conveniently and securely than current contactless payment card transactions. The briidge.net Connect Mobile SDK embedded in the mobile app allows the MintChip system to positively identify the mobile device connecting to the consumer cloud account through a unique device ID. Prior to a payment transaction, the software authenticates the user by their 4-digit QuickCode PIN.

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Heartland Commen on College Debit Card Report

Heartland Campus Solutions ECSI, a division of Heartland Payment Systems and a leading provider of solutions for over 2,000 colleges and universities, commented today on the February 2014 U.S. Government Accountability Office (“GAO”) report: “COLLEGE DEBIT CARDS: Actions Needed to Address ATM Access, Student Choice, and Transparency.” College debit and prepaid cards allow students to receive tuition refunds from federal student aid and other payments on a card. According to the GAO Report, while college cards can be convenient for students and offer cost savings and efficiencies for schools, concerns exist when it comes to fees, ATM access and neutrality. Among other findings, the GAO reports that some college debit and prepaid card providers charge fees for debit card usage, make it difficult for students to transfer funds to their own bank account, and that some schools receive payments from card providers based on the number of card accounts opened, leading to a call for increased transparency.

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American Express Names Top Tech Execs

American Express Company announces two key appointments in its global Technology organization: Brian Saluzzo, as Senior Vice President, Global Infrastructure; and Nik Sathe, as Senior Vice President and Chief Technology Officer (CTO), both reporting to Marc D. Gordon, Executive Vice President and Chief Information Officer. The appointments were effective in late 2013. In his new role as global head of technology infrastructure, Mr. Saluzzo oversees end-to-end product management, operational support, and infrastructure risk management, including data center, cloud, and end user technologies. He has oversight for vendor management supporting infrastructure, as well as joint oversight of the company’s IT-related supplier sourcing. He is a member of the Technology Executive Team and serves on the company’s Global Management Team. Mr. Saluzzo most recently served at Goldman Sachs as Managing Director and Global Co-Head of Technology Infrastructure, leading data strategies for the firm, including big data, storage tiering, infrastructure risk management, mobile/bring-your-own-device and workplace infrastructure design. He began his career at NCR Corporation (then a division of AT&T). He holds dual degrees in computer science and mathematics from the State University of New York’s College at Geneseo, where he remains active on the board of the Geneseo Foundation.

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Evolution1 Contributes to ABA Conference for Community Bankers

Evolution1 presence at the ABA National Conference for Community Bankers demonstrates the company’s continued leadership in the banking industry. Brantner will share how banks can drive new sources of income – while reaping the benefits of a new fee-based income revenue stream – through a diversified and expanded product and service offering that includes healthcare payment and healthcare account solutions. Attendees will learn how to add value to their commercial clients through a complete and convenient solution for offering consumer-driven healthcare accounts for their employees. Evolution1 serves financial institutions, third-party administrators, health plans, and software providers across the country, providing healthcare and other reimbursement account services to more than 90,000 employers and more than 10,000,000 consumers.

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ID TECH Releases SmartPIN B100

ID TECH is proud to announce the release of their PCI 3.x certified modular PIN entry device, the SmartPIN B100. The SmartPIN B100 is designed for outdoor unattended POS operations such as at ATMs, fuel dispensers, kiosks, vending machines, and other POS systems that accept credit and debit payments. With its robust, waterproof, and vandal preventive structure, merchants and consumers can be confident that SmartPIN B100’s tamper resistant architecture will protect any financial data from being compromised.

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Enacomm Names New CMO

Enacomm, Inc. announced the hire of seasoned marketing expert David Anderson, who will serve as Vice President and Chief Marketing Officer. Anderson will fuel Enacomm’s continued, industry-leading innovation in the financial and prepaid industries, driving the creation and launch of new products and intelligent analytics that give companies a proactive advantage in exceeding customer expectations. David also worked with a host of financial institutions, ranging from community and mid-sized banks to national banks, investment houses and card companies. Anderson joins Enacomm’s team of subject-matter experts that has been focused on the financial industry for more than two decades and the prepaid space since 2005.

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Ingenico and Samsung team on mobile payments

Ingenico and Samsung teamed up to jointly offer an integrated mobile payment solution. Conceived on a global scale, this new alliance will enable merchants and retailers to benefit from a seamless mPayment system bringing together Samsung’s mobile devices and tablets, and Ingenico’s merchant mobile platform and card readers. Each of these elements is bulwarked by joint security and support from Ingenico and Samsung, which provide businesses a straightforward and low-risk entry into the mobile payments ecosystem. Ingenico and Samsung’s channels to market – financial institutions and telecommunications operators, respectively – will bring an end-to-end and secured mPayment to businesses of all sizes, throughout the world. It will significantly improve their business efficiency in store while capturing new sales opportunities their store walls.

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Wirecard extends BLE development to vouchers and loyalty points

At this year’s Mobile World Congress in Barcelona, Wirecard AG will be presenting the expansion of its Bluetooth low energy payment technology to include integrated vouchers and loyalty schemes. Bluetooth low energy (BLE) radio technology facilitates contactless data transfer at a distance of up to 10 metres. Using micro transmitters (“beacons”), BLE provides location-based services that are communicated to the point of sale for mobile marketing activities. As soon as a customer comes within the range of the beacons, retailers can take advantage of an additional communication channel and send personalised offers to the customer’s mobile device. These include discounts, special offers and loyalty schemes that are directly related to the customer’s current location within the store. BLE has already been integrated into a number of Apple, Google and Windows smartphone operating systems.

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OKI Delivers First ATM Incorporating Finger Vein Authentication to Chinese Bank

OKI announced the delivery and start of actual use of an ATM incorporating finger vein authentication technology at the Bank of Lanzhou in China (headquarters in Lanzhou city, Gansu province). This marks OKI’s first delivery of an ATM incorporating finger vein biometric authentication technology to a Chinese bank. OKI aims for expanded sales of ATMs incorporating finger vein authentication, a feature that makes forgery and identity fraud significantly more difficult. This function is especially important in the Chinese ATM market, where demand is growing for transaction safety and security. Based on OKI’s ATM-Recycler G7, cash-recycling ATM, the ATM incorporating finger vein authentication functionality delivered to the Bank of Lanzhou incorporates the finger vein authentication module co-developed by mofiria Corporation (hereinafter called as mofiria) and OKI.

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U.S. CREDIT CARD VOLUME 2013

U.S. bank credit card networks racked up $2.47 trillion in gross dollar volume (GDV) last year, an 7.7% gain over the prior year. This is the third consecutive annual decline in growth rates for U.S. credit card GDV, after gaining nearly 15% in 2011 and slightly more than 11% in 2012. Over the past five years, Visa, MasterCard, and Discover have lost market share based on credit card GDV, During this period American Express claimed a sizable gain, rising from a 19.0% market share in 2009 to 25.8% market share for 2013, largely fueled by charge cards.

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