ClearXchange Names New CEO

clearXchange, a joint venture among Bank of America, Wells Fargo and JPMorgan Chase, named Michael Kennedy CEO. Kennedy co-founded and served as chairman of clearXchange while working as executive vice president and head of Innovation and Payments Strategy for Wells Fargo Bank. As CEO, Kennedy will devote 100 percent of his time to leading clearXchange. He will be based in San Francisco. As executive vice president and head of Wells Fargo’s Innovation and Payments Strategy, Kennedy drove mobile and emerging payments, strategy across all payment products, and technology research and development. Prior to this role, Kennedy led strategy and implementation for Wells Fargo’s Wealth Management group, which he joined in 2004. He earned his Bachelor of Science with distinction and Masters of Science degrees in Industrial Engineering from Stanford University and his MBA with distinction from Harvard Business School.

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Wildfire CU Deploys Fiserv Processing

Fiserv announced Wildfire Credit Union selected its “DNA” account processing platform and a comprehensive set of integrated solutions from Fiserv to better serve its more than 37,000 members. The “DNA” platform from Fiserv is the first open, person-centric core banking platform built for global collaboration. DNA was completely rewritten using C# within the .Net framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, clients benefit from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities and a 360 degree view of retail and business relationships. Wildfire will also implement “Nautilus” enterprise content management, Prologue™ financial accounting, ConvergeIT® interactive voice response, AML Manager anti-money laundering and the CRM/BI suite for DNA.

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ACI Worldwide Makes Call for Excellence Awards Submission

ACI Worldwide payment systems made an open call for submissions to the 2014 ACI Excellence Awards. Now in its fifth year, the Excellence Awards recognize banks, processors and retailers for new, innovative and transformative implementations of ACI solutions. Selected by a panel of leading industry influences, this year’s categories include: Enterprise Payments; Retail Payments; Wholesale Payments; Mobile Banking and Payments; Electronic Bill Presentment and Payment; Online Banking; Merchant Retail; Payments Fraud Management; Product and Service Innovation; Customer Experience and Operational Excellence.

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Paydiant Announces $15mm Funding

Paydiant cloud-based mobile wallet and cardless ATM access closed a $15 million round of funding from North Bridge Venture Partners, General Catalyst Partners, Stage 1 Ventures and two of Paydiant’s customers. Paydiant’s platform is currently deployed in partnership with prominent card-issuing banks, retailers, restaurants, merchant processors, debit/ATM networks and POS providers. The company was recently awarded a comprehensive mobile wallet patent for conducting payments in store, online and for pay-at-the-table transactions. With Paydiant, retailers and banks can begin signing up consumers today for mobile payments for multiple smartphone operating systems and smartphone to POS interfaces like 2D codes and NFC.

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Al Rajhi Bank Deploys Customised Diebold ATMs

Extending advanced, nontraditional self-service options to Al Rajhi Bank’s customers, Diebold, Incorporated (DBD) is deploying multi-purpose kiosks across the Saudi Arabian bank’s network through its business partner in the Kingdom, Alhamrani Universal Company (AU). The customized kiosks offer unique transaction options such as issuing checkbooks and debit cards, as well as enabling online banking, statement printing and opening of new accounts. Diebold is also adding 560 Opteva® automated teller machines (ATMs) to the bank’s fleet, including 160 Opteva Flex Performance SeriesSM terminals that will enable the latest technology in cash deposits. The ATMs validate deposited notes, detect counterfeits, check note fitness and sort cash.

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IMM e-signature platform Announces Latest Client

IMM announced that Colorado-based Premier Members Federal Credit Union has implemented its Document Exchange cloud-based eSignature solution. The credit union went live in June, and anticipates Document Exchange will provide convenience to its members and loan officers, saving thousands of hours each year through an electronically streamlined process. Desiring to further expand its reach and markets, the more than $445 million credit union needed to extend its presence beyond the physical branch network. Premier Members selected MeridianLink’s LoansPQ™ Web-based consumer loan management solution, which seamlessly integrates with IMM, to provide membership an end-to-end solution.

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Clearstream Services IT and EastNets Offer SEPA

Clearstream Services IT, the leading provider for IT Managed Services and on-demand financial solutions, joins forces with EastNets, the leading global provider of compliance and payment solutions for the financial industry, to offer a SEPA solution in SaaS mode. Recent reports from the European Payment Council and the European Central Bank indicate readiness gaps in many countries and particularly for corporate and medium/small size financial institutions. This is despite the steadily progressing migration across Europe of payment market infrastructures to the SEPA framework and standards. For many financial institutions and corporates, the migration to SEPA is still a stretch in terms of resources, cost and time and the challenge to meet the February 2014 deadline for SEPA compliance is growing every day.

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PayPal Beacon To Reinvent In-store Shopping

PayPal announces PayPal Beacon, allowing merchants to accept payment at many of their favorite stores completely hands-free. The PayPal “Beacon” will make the payment experience get out of the way. It will leverage Bluetooth Low Energy; a breakthrough technology that enables connected devices to communicate with each other seamlessly, while keeping the energy consumption at a very low level. By using BLE, transactions can take place without having to open up an app, without GPS being turned on, and even without a phone signal. Consumers will have full control of stores they will want to check in to, those they will want to get prompted to confirm payment for, and stores they will want to enable a complete hands-free experience for. We will be opening up our mobile in-store API soon for 100 developers to imagine ways to make the shopping experience better, from being able to self-checkout on your mobile phone to automatically placing a customer’s usual order as soon as they walk through the door.

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Ingenico integrates Tagattitude on mMoney

Ingenico mobile money software vendor will now deliver mobile money solutions in Africa to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa. Tagattitude’s mobile money platform, TagPay, supports a full range of financial services such as account management, money transfer, retail transactions, airtime, payroll services, e-commerce, bill payments, and gift vouchers. Combining Ingenico’s leading experience in the payment industry with Tagattitude’s complete and adaptable mobile money platform, it is now possible for banks, telcos, Payment Service Providers, or other financial institutions to transform any customer’s phone into a secure transaction tool.

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Trub and Sequent Offer OTA NFC Card Provisioning

Sequent Software and Trüb AG announced to have entered a technology partnership in which Trüb will use Sequent’s mobile payments platform to provide over-the-air provisioning and lifecycle-management services for EMV-compliant bank cards, customer loyalty cards, access cards and transit cards on secure elements used in NFC mobile devices. For example, using the Trüb SP-TSM service, bank card issuers and other service providers can instantly provision their cards into customers’ NFC mobile devices like Samsung Galaxy S4 operating on the Swisscom network. Using Sequent’s platform, the Trüb SP-TSM service offers a secure, over-the-air (OTA) channel for a broad set of card issuers to provision and manage the lifecycle of credit, prepaid, loyalty, reward, access, transit and other cards on the secure elements of mobile devices.

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