Discover Forges International Alliance with Interswitch

Discover Financial Services (DFS) and Interswitch payment processing and Verve card network promoter forged their strategic alliance. This will allow Discover and Diners Club International (DCI) card acceptance at Interswitch-enabled ATM and POS terminals. This also allows Verve cardholders to have access to Discover, Diners Club International and PULSE networks for international purchases and cash access internationally. The partnership will focus first on enabling about 20 million Verve cards on the PULSE global ATM network, followed by acceptance opportunities for Discover and Diners Club cards and then the acceptance of Verve cards across the Discover global network. The Discover global network, which includes Diners Club, PULSE and other partner networks, provides acceptance in more than 185 countries and territories.

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ElectraCard Services Inks G-able Partnership

ElectraCard Services (ECS) payment solutions and services partnered G-able to promote and distribute ECS’ electraiTx suite of payment products. G-ABLE systems integration and professional services firm serving both private and public sector enterprises has built knowledge and expertise to provide solutions for the banking and financial industry. ECS’ “electraiTx” suite provides payment processing capabilities to acquirers and issuers of credit, debit and prepaid card programs including banks, retailers, exchange houses, remittance agents, in-country processors and telcos.

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Western Union Facilitates Government Payments

Western Union global payment services now plans to help facilitate the “last mile” and bridge the gap between government payments that need to be disbursed and the people who receive them. Initially, the Western Union service will enable parents with school-age children, university students and senior citizens to access government and emergency payments at more than 600 Western Union Agent locations across Haiti. Future plans may include offering a wider array of pay-out options including: bank accounts, mobile phones or prepaid cards.

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Swift Announces New Service Center

SWIFT financial messaging opened its new Corporate Services Centre in Malaysia for its growth strategy in Asia Pacific. The SWIFT Kuala Lumpur Corporate Services Centre offers a wide range of services such as IT development, qualification testing, support, business operations, accounting and finance analysis and transactional functions. It works closely with functional teams in the U.S. and Europe centres to serve SWIFT’s offices around the world. SWIFT has been in Asia Pacific for over 30 years, starting in Hong Kong and Singapore. Three regional offices have been opened in Asia since 2005, bringing the total to eight commercial and support offices.

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Nationwide Deploys Experian Credit/Fraud Data

Experian renewed its strategic partnership with Nationwide Building Society, by which it will provide credit reference and electronic authentication services for at least the next three-years. Nationwide will use Experian’s credit bureau data, to better assess new applications for credit, manage existing customers’ access to credit and lend responsibly throughout. The building society will continue to use Experian’s Delphi for Customer Management (DCM) software, Delphi for New Business scores and Delphi Data Block – a set of credit variables enabling clients to help build bespoke scorecards using Experian data. All three include highly predictive models and event monitoring to identify changes in the credit behavior of customers, enabling the organisation to make better customer credit management decisions. In addition, Nationwide will verify, validate and authenticate customers’ identities, as well as prevent fraud through Experian’s online authentication services. Nationwide will also migrate to Experian’s “ExPin” credit bureau platform to help companies gain the most comprehensive view of each customer.

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Mainstay Implements Aptys Payment Exchange

Aptys Solutions payments network provider for financial institutions nationwide, offering the industry’s only unified platform to support all aspects of payment processing, announced Mainstay Group, a management consulting company whose unique expertise in revenue enhancement and cost reduction drives significant benefits for their clients in the financial industry, has chosen Aptys Solutions as their ASP payment exchange solutions provider. Aptys Solutions’ “PayLOGICS” flexible, scalable solution offers Mainstay technology using one unified platform that automatically applies least-cost routing, so it can take advantage of economies of scale and drive out costs for clearing transactions.

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TSYS Announces mCommerce White Paper

TSYS announced the publication of a white paper entitled “Lessons Learned from Business Travel Study: Best Practices for Getting Ahead of the Mobile Wave.” Based on the findings of The Connected Business Traveler Study, an innovative survey of business travelers conducted jointly by TSYS, Mercator Advisory Group and Commercial Payments International (CPI), the report combines the survey’s findings with analysis of how the evolution of mobile banking and payments for consumers signals an opportunity for greater mobile solutions and innovations geared toward commercial card customers. One conclusion from the paper is that mobile connectivity and communications can be leveraged to digitize the paperless shift that will benefit businesses and corporate credit card-carrying employees, just as they have by consumer cardholders.

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Elan Services Focus on Minimize Fraud Losses

Elan Financial Services EFT processing launched its Transaction Authorization Block (TAB) tool that allows financial institutions to block ATM or POS transactions in real-time, using a combination of criteria used in the Elan authorization process. The service, “eTranBlock,” lessens fraud losses by allowing financial institutions to manage their own conditions for denying a transaction. The authorization blocking rules are designed to increase protection against potential payment fraud situations, such as when the theft of debit card data results in fraudulent transactions from a specific location (whether it be a neighboring state or a foreign country) or at a specific type of merchant.

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Panini Announces Upgrades to its API Platform

Panini global payments technology updated its Panini Vision API with new image management capabilities on all Panini scanners, better Panini Vision X performance and asset management and performance monitoring via Panini Avantor. The universal installer includes Windows 8 certified drivers, tested to ensure OS compatibility with all Panini products. The new API increases the throughput of Panini Vision X scanners, allowing up to 125 documents per minute, to effectively reduce overall transaction processing time. Enhanced support for an optional UV-capable front image sensor in the Vision X is also included in the release, adding additional fraud protection capability by capturing images using ultraviolet light. The scanner management software platform provides comprehensive capabilities in the areas of professional asset management, device performance optimization, and payment device security.

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Datacard Group to Partake in CARTES Asia

Datacard Group secure ID and card personalization is set to partake in CARTES Asia, “Secure Connexions Event” March 27th-28th in Hong Kong, where it will showcase its platform of integrated products and solutions. Visitors will have the opportunity to see demonstrations of its newly-enhanced high volume modular card personalization system. Also Rusty Carpenter, regional VP, mobile commerce, will be speaking on “Financial Instant Issuance Strategy with Mobile Solutions,” part of the ‘eCommerce, mCommerce, just Commerce track’ and will provide an illustration and overview of the component of Datacard Mobile Solutions that are scalable for banks to launch NFC mobile payments.

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Global Cash Access 4Q/12 Revenues Take Hit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Cash Access posted its 4Q and FY/12, consistent with projections. With 4Q/12 revenues of $136.1 million, down from the year ago figure of $137.7 million, operating income was $9.7 million, also down from the year ago figure by 32% from $14.2 million. Adjusted earnings before interest, taxes, depreciation and amortization…

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MoneyGram Warns Against Charity Scams

MoneyGram global money transfer is warning consumers who are in a giving mood not to get taken by a charity scam, disclosing victims lost an average of $824 each time they sent money intended for a non-profit organization. The charity scam occurs when a fraudster asks a victim to donate to a particular cause or organization. The organization may sound similar to a legitimate charity, and may even have a fake website made to look like an organization’s official site. Red flags include when the name of the organization is similar to a well-known charity, but is slightly off or if the caller needs an immediate answer and asks you to donate without taking the time to do any research into the cause or organization, especially if they only accept cash and can’t answer very many questions about their “organization.”

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