Kitchen Brains Announces NEC POS Partnership

Kitchen Brains, a global leader in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SaaS applications, announced the addition of NEC Corporation of America to its POS (Point of Sale) Partnership Program. NEC is a leading POS solution provider for the quick-service and fast-casual restaurants, with more than 400,000 POS systems installed worldwide. The partnership between the companies now gives current NEC customers the ability to seamlessly implement Kitchen Brains® Quality Production Management (QPM), thus providing full coordination and visualization of food production processes. Current QPM customers looking to change POS vendors will now be able to partner with NEC in order to integrate a complete kitchen management solution. With over 40 years experience, NEC’s quality POS solutions enable the world’s largest retailers and restaurants to maximize performance and profitability by boosting store performance, reducing operating costs and facilitating quick and efficient services for both single- and multi-store operations.

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NCR Interactive Video Technology Earns Innovation Award

North Peace Savings and Credit Union (NPSCU) has won the National Credit Union Innovation Award, Canada, for its implementation of interactive video technology from NCR Corporation, the global leader in consumer transaction technologies. In the 12 months after installing the technology, nearly half of NPSCU’s retail members used the solution and provided a satisfaction rating of 79.1 percent; NPSCU saw net assets grow 13 percent and membership grow 5.7 percent as a result of the technology. NPSCU’s personal teller machines (PTMs) are based on the technology behind NCR APTRA Interactive Teller, which connects individuals to a live, remote teller via a two-way video/audio conversation over an ATM. The remote tellers have full control of ATM functions, creating an interactive experience in which members can complete more than 95 percent of typical branch transactions and do them faster – with transaction times typically 33 percent faster than an average teller interaction.

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Oberthur Provides CANAL+ OVERSEAS Prepaid Pay TV Subscriptions

Oberthur Technologies identification solutions and services based on smart card technologies announced CANAL+ OVERSEAS, the international subsidiary of CANAL+ Group, has selected its electronic top-up solution to dematerialise the distribution of their prepaid Pay TV renewal of subscriptions in Africa. Using electronic top-up will allow CANAL+ OVERSEAS to dematerialise and automate the reselling process of prepaid subscriptions. CANAL+ OVERSEAS’ retailers will be able to instantly top-up subscribers’ Pay TV accounts via a mobile phone. The platform will also manage e-voucher purchasing and delivery via SMS. While significantly reducing the costs and constraints associated with physical inventory management, the solution will also allow CANAL+ OVERSEAS to quickly adapt to market changes and trends and offer a broader range of products.

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Discover Posts 2Q Net Income up $75mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services reported net income of $602 million for the second quarter of 2013, as compared to $525 million for the second quarter of 2012. The company’s return on equity was 23%. Credit card loans grew $2.3 billion, or 5%, to $49.8 billion and Discover card sales volume increased 4%…

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New Members Appointed to Elan Advisory Board

Elan Financial Services added to the panel of credit union leaders who regularly meet to share with Elan their insights into the credit union industry. These include Donna Alley Myers, Vice President, Consumer & Indirect Lending at Tennessee Valley Federal Credit Union based in Tennessee; Allan Stevens, Vice President of Lending at Franklin Mint Federal Credit Union based in Pennsylvania and Leslie Bumgarner, CEO at Telhio Credit Union based in Ohio. Elan Financial Services serves 300 credit unions with best-in-class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support.

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Allpoint and Discover Deploy Surcharge-Free ATMs

Allpoint Network announced that it has joined with Discover Financial Services to provide millions of Discover cardmembers with surcharge-free access to cash through 43,000 Allpoint ATMs in the United States. Allpoint Network is an affiliate of Cardtronics, Inc., the world’s largest retail ATM owner, and its surcharge-free ATMs are conveniently located coast-to-coast, in destination retail outlets including major discount retailers, as well as convenience, grocery and pharmacy stores”places that are already part of people’s daily routines. As America’s largest surcharge-free ATM Network, Allpoint helps more than 1,200 financial services providers, representing more than 60 million cardholders, save time and money when accessing their cash.

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LendProtect UK and Yodlee Intro Underbanked Platform

LendProtect UK underbanked consumer data, analytics and risk scoring solutions on those who are underserved by traditional banking channels in the UK, announces today a partnership with Yodlee Interactive to launch a new service, BankLogic. BankLogic is a platform that enables lenders to seamlessly access bank account information from LendProtect — account ownership, deposits, transaction details and balances — to more accurately evaluate a borrower’s credit risk. Utilising BankLogic, lenders are able to see 90 days of their prospective customers’ banking behaviours, including all deposits and individual transactions to payees. This additional information allows lenders to more concisely evaluate risk involved in the short term loan offering, lower the risk of the loan going into default, more accurately assess affordability for the consumer and increase conversion and profitability.

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Intellitix Cashless Payments Serve Harley Davidson Event

Intellitix, the world’s leading RFID solutions company for live events, launched the industry’s most advanced cashless payment system last month. Harley Davidson’s key European event, Open Road Festival, became the first in the world to adopt Intellipay, using RFID for cashless payment across the site, as well as for all access control and social media integration. All attendees including general admission, staff and VIPs were issued with RFID wristbands (supplied by ID&C) which were also used to enter and exit the site, and to instantly post status updates and photos from various sponsor zones and other areas to their Facebook walls. Adding extra security, bike license plate numbers were stored on their owner’s wristbands to ensure only the owners could leave site with the bike.

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Average APRs Jump, Erase Improvement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs jumped .03% in July to 14.96% after averaging a .04% change over the past year. This stifles momentum to the ebbing 2013 APR credit card averages. This erases the positive momentum gained over the past few months, but follows a relatively lengthy period of APR stagnation through…

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Mortgage Group select Fiserv LoanServ Service

Fiserv announced that Gateway Mortgage Group, LLC has selected its LoanServ platform for the company’s mortgage servicing technology needs. Gateway will use LoanServ to enhance its customer experience and grow its home loan servicing portfolio through its retail and correspondent channels nationwide. Using LoanServ, Gateway will be able to perform the full range of mortgage servicing functions including escrow, payment processing, investor reporting and default management. Gateway executives anticipate that the selection of the Fiserv solution will help them increase employee productivity, improve operational efficiency, react more effectively to changes in modification programs such as HAMP and HARP, and streamline the default process with workflow automation that reduces errors and frees up resources for use elsewhere within the company.

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Virtual Piggy Partners Fundraising Platform

Virtual Piggy announced that it will provide its youth-friendly payment system to FlipGive, a digital give-marketing platform for brands looking to win hearts and drive sales. The FlipGive platform connects brands to the $200+ billion fundraising market, converting customers into a sales force to raise money. Their give-marketing programs help brands drive sales and create positive social impact in their communities. Current partners included Johnson & Johnson, Lowes, Schwan’s, Aldo and Indigo. Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents.

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ACH Alert Partners Federal Reserve Bank

ACH AlertBanks and credit unions looking to streamline their Automated Clearinghouse (ACH) fraud prevention and dispute resolution processes now have access to proprietary outsourcing services from ACH Alert. This enhances the industry leader’s ACH and wire fraud prevention capabilities for PRO-TECH and ACH Dispute Xpress. Many financial institutions use a third-party data center to receive their incoming ACH items. In order to use ACH Alert’s fraud-fighting tools, the choices for those financial institutions have been to engage their data center to work with ACH Alert or pull an Information Extract File (a copy of the live data going to the data center) from the Fed and send the data to ACH Alert.

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