Bank of China Deploys NCR ATM Software App

NCR Corporation announced that it has been awarded professional service contracts from Bank of China to develop new automated teller machine (“ATM”) applications running on the bank’s multivendor software platform, NCR APTRA Edge, to support the bank’s initiative in implementing paperless ATM transaction flow and its Financial Integrated Circuit Card (“IC”) 5.0 project. The Bank of China’s ATM network went live with the NCR APTRA Edge platform last year and most applications on its ATM network have completed the initial phase migration process to be compliant with EMV1 (PBOC 2.02) standards. As part of the project, NCR will provide software application development, system analysis, support services and related training programs. The ATM paperless transaction flow project aims to reduce operating costs and improve ATM service availability. The traditional ATM transaction journal printing in paper will be replaced by paperless, electronically generated transaction journals.

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Visa V.me Deploys Across Western Europe

V.me by Visa pan-European digital wallet service is now live in the UK, France, Spain and Poland. The UK’s Nationwide Building Society is joined by leading issuers BPCE and LCL in France, with ING Bank Slaski now in pilot in Poland and multiple pilots also underway in Spain. Other major issuers will launch soon in all four markets, marking a major milestone for the service as it enters the first stage of its pan-European launch. V.me by Visa is designed to increase consumer confidence in online shopping and reduce the proportion of sales that are abandoned during the checkout process. In the UK any cardholder can sign up to participate in the launch. In other markets the service is currently being offered to a select group of consumers, with wider availability to follow in the coming months. The V.me by Visa pilot program for Ireland will take place in early 2014.

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Turkish bank Deploys Kobil Security App

Kobil IT security solutions for the financial industry added a completely new dimension to its deep-rooted cooperation with Yapi Kredi, which is one of the oldest Turkish banks. The Innovative and modular platform technology “Application Security Technology (AST)”, which will be integrated into Yapi Kredi’s IT infrastructure within the scope of cooperation, will allow Yapi Kredi ‘s customers to perform their banking operations in a more secure environment than ever before. Furthermore the Bank will provide its customers with KOBIL mIDentity mini as well as KOBIL OTP technology. Yapi Kredi will utilize Application Security Technology (AST), presented by KOBIL especially for mobile platforms (iOS, Android). The AST solution offers a foundation that increases the level of customer security on all alternative channels such as mobile banking, Internet banking, ATMs and telephone banking. The AST solution automatically performs the majority of security operations thus providing the utmost convenience for the end user.

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Paysafecard Embarks on New Market

Paysafecard prepaid payment provider added one of the few remaining EU countries in which it is not yet present. In Bulgaria, the use of paysafecard is always linked to the online payment account my paysafecard. my paysafecard allows customers to manage all of their purchased PINs and remaining credit from a single account. In addition to its simple and secure payment process, which requires neither a bank account nor a credit card, my paysafecard users benefit from a greater overview of their balance and past payments. Customers simply have to verify their personal details once by presenting their ID card at a sales outlet. A specially developed web service makes it possible to immediately verify a customer’s identification.

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Conference Board Consumer Index Drops in November

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Conference Board Consumer Confidence Index dropped again in November, following an October drop. The Index now stands at 70.4 (1985=100), down from 72.4 in October. The Present Situation Index edged down to 72.0 from 72.6. The Expectations Index declined to 69.3 from 72.2 last month. Consumers’ assessment of overall current conditions…

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Citi ThankYou Rewards Points to Cover All Online Purchases

Citi is introducing its ThankYou Rewards, allowing members to turn online purchased items to their own personal reward. ThankYou Rewards members can now shop with a Rewards Account Number, a virtual credit card account number linked to their Citi credit card and ThankYou Rewards account, where MasterCard® and Visa® are accepted. Rewards Account Numbers give Citi ThankYou Rewards members who have a credit card enrolled in ThankYou Rewards flexibility to use their ThankYou Points when shopping online.

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MasterCard and Ogone Deploy MasterPass

MasterCard and Ogone partnered on the integration and deployment of MasterPass digital transactions. This collaboration which covers Belgium, The Netherlands, France, United Kingdom, Germany and Spain in a first phase and the remaining countries Ogone operates in later on, paves the way for the adoption of MasterPass™ by tens of thousands of merchants. MasterPass, the digital platform from MasterCard, simplifies online purchases made from connected devices including PCs, touchpads and smartphones. MasterPass meets consumers’ demand for convenience shopping and eliminates the need to enter detailed shipping and card information to complete their online shopping at MasterPass merchant sites that have the “Buy with MasterPass™” button on their check out page.

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Cardlytics Granted Patent on Offer Placement System

Cardlytics received a patent for its core system Cardlytics Offer Placement System (OPS) from the United States Patent and Trademark Office. U.S. Patent No. 8,595,065 relates to the secure connection between transaction data with no personal identifiable information and advertising campaign data, which enables Cardlytics to create targeted marketing based on consumer purchase behavior. This is Cardlytics’ third patent; the first was granted in May and the second in August of 2013. Cardlytics’ first patent (8,438,061) relates to the delivery of targeted marketing advertising to banking consumers from our Offer Placement System (OPS). The second patent (8,515,810) relates to the aspects of the OPS working in conjunction with Cardlytics’ other core system – the advertiser-facing Offer Management System (OMS).

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Cardlytics Named a Top Provider of Card Loyalty Tech

Cardlytics Card-Linked Marketing announced that its Transaction-Driven Marketing solution received a Best-in-Class distinction in a CEB TowerGroup report after an evaluation of card loyalty technology vendors. The CEB TowerGroup analyst cited Cardlytics’ flexible interface, abundant security and control options, and robust operational metrics as key reasons for naming the provider a Best-in-Class offering in all four categories, including Customer Interface, Management & Operations, Security & Control and Enterprise Support. Through quantitative and qualitative analysis, CEB TowerGroup’s report provides a customer-driven, transparent and unbiased review of technology, designed to drive informed business decisions.

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PAI Announces Latest ATM-Branding Client

Payment Alliance International (PAI) retail ATM solutions signed an agreement to brand ATMs located in select Rite Aid stores in the greater Louisville, Ky. area. PAI will own and operate the ATMs which will be outfitted with River City Bank branding. River City Bank customers will have surcharge free ATM access to cash at select Louisville Rite Aid store locations beginning late December 2013. PAI operates one of the largest ATM networks in the United States, with ATMs at more than 60,000 retail locations across the country. The Company provides ATM services for approximately 1,500 Rite Aid locations nationwide. With the addition of Rite Aid ATM placements, River City Bank is able to expand their hometown footprint without significant expense.

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Mobey Calls on Banks to Meet MPOS Market Demand

Mobey Forum released its whitepaper, ‘The MPOS Strategy: Shifting the Balance of Power’, which examines the changing market dynamics brought about by disruptive MPOS providers and offers a strategic evaluation framework designed to help banks maintain their position and take advantage of the rapidly evolving MPOS market. The paper examines how MPOS disrupts the established four-party model (cardholder, merchant, acquirer, issuer) and identifies the potential winners and losers in the marketplace. Pushing beyond the traditional MPOS ‘dongle plus smartphone’ concept, the paper addresses issues surrounding interchange models, payment service provider models, networked commerce and the merchant-customer relationship. The paper then investigates how banks and financial institutions are currently reacting to the influx and utilisation of MPOS solutions, before proposing a structure through which banks and other stakeholders can weigh their strategic options, protect their interests and move to take advantage of the wave of change occurring in this complex environment.

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Johnny Rockets Expands with NCR POS

NCR announced Johnny Rockets, the international restaurant chain, known for all-American food and fun, will open its first two restaurants in Brazil with the support of NCR Aloha software running on NCR POS technology. Johnny Rockets selected the NCR POS solution because it is optimized for fast-paced food service operations. Additionally, Johnny Rockets is using NCR Hospitality technology such as NCR Aloha Insight and NCR Back Office for greater business insight and real-time decision making. The restaurant chain will also benefit from NCR Aloha Configuration Center’s above-store capabilities, allowing them to improve operational efficiency at the store-level.

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