SCIL-EMV Academy Forges EMV, mPayment Partnership

The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at stew@emvacademy.com or by telephone at 818-681-3588.

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SunGard Announces ATM & Reconciliation Solution

SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.

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Western Union Wins Three Separate Prepaid Awards

Western Union global payments has won three separate awards for its stored-value programs. They include a PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card; The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.; and the Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies.

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First Data Analysis on Same Store Payment Methods

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data electronic commerce and payment processing released its “SpendTrend” analysis for April 2-29, 2013, compared to April 3-30, 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 5.1% in April, a slowdown from…

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Viamericas Partners Earthport to Embark Internationally

Earthport cross-border payments partnered Viamericas remittance payments to support its strategic growth outside the Americas, by which Viamericas will leverage Earthport’s global cross-border payment capabilities. Now Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.

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Trak Wins Gates and ETA ePayment Innovator Award

Trak won the top award of $10,000 at Electronic Transaction Association (ETA) Conference 2013 annual meeting and expo that took place in New Orleans on April 30 to May 2, 2013. The ETA, which is the trade association of the global electronics payments industry, oversaw the E-Pay Innovation Award funded by the Bill and Melinda Gates Foundation. Boleto is a unique barcode payment ticket that contains the customer’s unique purchase data and Trak’s bank information. Boleto is emailed to the buyer’s smartphone instantly, after checkout. Consumers can go with the printed Boleto ticket or equivalent proof of the email to any Brazilian bank, selected post offices, lottery agents, as well as some supermarkets for cash payments. Electronic verification is sent to Trak by the payment provider and the customer’s order is released by the retail store for pick-up or delivery.

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MasterCard Deploys Identity Card Program

The Nigerian National Identity Management Commission (NIMC) and MasterCard announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment capability as a pilot program. The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS). This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent. The Nigerian National Identity Management Commission (NIMC) will be issuing MasterCard-branded National Identity Smart Cards with electronic payment capability. This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.

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Revolving Consumer Credit Waning-Slightly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 7.75%. in February to an adjusted $848B, it slowed in March to $846B. Although rather stagnant against recent months, March revolving credit outstanding is way down from the year ago figure of $865.7B- an average figure over what would be the ensuing…

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CPI Card Group Awarded US Patent for Card Packaging Technology

CPI Card Group financial, EMV, commercial card production has been awarded U.S. Patent No. 8,419,889 for its innovative secure card packaging technology utilized in CPI’s Ultra Secure Pack™ products. The technology allows CPI to offer a superior, tamper proof, cost effective product for point of sale card activation applications including open loop prepaid cards. CPI products covered by the patent will now be marked with U.S. Patent No. 8,419,889 to properly indicate CPI’s protected position and extend the benefits to their customers.

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AARP Card from Chase Offers More Cash Back

Chase Card Services announced a new credit card for AARP members, offering cardholders 3 percent cash back on gas station and restaurant purchases, with no earning caps or points expiration and no annual fee. The card, designed to reward AARP members for their most common everyday purchases, also offers unlimited 1 percent cash back on all other purchases. By receiving 3 percent cash back on gas station and restaurant purchases and 1 percent on all other purchases, the average family can easily earn more than $250 cash back every year just by using the card. The new AARP Credit Card from Chase also offers customers a 10% discount when redeeming rewards for travel through Chase; Price, purchase, return and extended warranty protections – at no additional cost; and dedicated, personalized customer service 24 hours a day, seven days a week.

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FIS Announces Multi-Year Agreement

FIS announced that Texas-based Industry Bancshares, Inc. signed a multiyear agreement to replace its four-year-old banking system with its core banking platform to deliver faster customer service as well as advanced online and mobile banking capabilities. The bank is also deploying FIS item processing and other complementary services. Converting onto the FIS core platform allows Industry Bancshares to deliver direct benefits to its customers by providing real-time access to customer accounts across all bank channels including mobile, online banking and bill pay, EFT networks and the traditional branches across its five banks.

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Trustwave Certifies Another Payment Services Organization

NWP Services Corporation (NWP) utility cost recovery and management solutions has been validated as compliant with PCI DSS as a Level 1 service provider for the fourth consecutive year through Trustwave. Trustwave is provider of PCI DSS compliance management solutions. Moreover, NWP has enrolled in Trustwave’s on-demand compliance management solution, TrustKeeper, to maintain compliance with the PCI DSS and access the necessary tools to support on-going compliance such as external vulnerability scans.

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