Wincor Nixdorf Promos Bank Forum

Wincor Nixdorf bundled their skills for The Bank & Future innovation forum under the academic management of the Fraunhofer Institute for Industrial Engineering (IAO). The pan-European Bank & Future 2013 trend study is a significant part of the research work. The survey for this has just been launched. In addition, Wincor Nixdorf has integrated state-of-the-art self-service systems in the new Fraunhofer IAO’s Bank & Future Next Generation showcase in Stuttgart. In addition to this trend study the forum’s work consists in banking foresight management, which aims to detect trends at an early stage, assess the implications for banks and derive sustained strategies from them. Another area of research covers banking business development, comprising the identification of market opportunities and generation of new business models.

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MasterCard Europe Seeks Pre-Authorization Processing Rules

MasterCard Europe announced improvements for pre-authorized transactions applicable as of November 2013, implementing new rules to address existing problems with pre-authorizations. Pre-authorizations provide flexibility and an extended payment guarantee to the companies that use them, but they can also be intransparent, confusing, and inconvenient for cardholders. MasterCard’s new set of rules seek to increase the transparency and convenience of pre-authorizations for both consumers and merchants, ensuring the cardholder is always informed of the amount to be pre-authorized before he or she agrees with using his/her card and their account balance or credit line is always released within 24 hours of the transaction being finalized. It also seeks the amount blocked on the cardholder’s account or credit line does not exceed the pre-authorized amount to directly benefit cardholders and providing merchants increased transparency.

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Management Buys Out YourCash

The management team of YourCash Holdings Limited has acquired 100% of the business through a refinancing which takes out existing non-management investors. YourCash is an independent ATM provider with c6,000 ATMs deployed throughout the UK, Netherlands and Belgium in a variety of locations including convenience stores, supermarkets, universities, casinos, hospitals, post offices, leisure outlets and petrol forecourts. In the Netherlands, YourCash installed their 800th ATM in December 2012 and currently manages 10percent of the overall in-country ATM market. In 2012 YourCash handled over 73 million ATM transactions, equating to £2 billion cash dispensed through the UK estate and €1.2 billion in Europe.

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Boots Stores Extends Visa Contactless Payment

Visa Europe and Streamline further implemented contactless payment through their partnership with Boots UK stores, following an initial launch with over 600 Boots UK stores deploying the contactless payment. Expanding to the Republic of Ireland, the contactless technology provided by Visa Europe and Streamline allows customers to simply tap the reader with their contactless enabled card when making payments of up to £20. Payments are made in less than a second.

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SIX Payment Buys into UnionPay Intl

SIX Payment Services bought into UnionPay International, which was set up by China UnionPay (CUP) at the end of 2012. SIX Payment Services has promoted acceptance of the UnionPay card since 2006 with ATMs in Switzerland and POS from 2010. The UnionPay card is very popular with merchants, especially those in the tourism industry and the luxury goods segment. China UnionPay plays a key role in China’s payments system and is a particularly strong supporter of cashless payments. The mission of UPI is to expand the acceptance of the UnionPay card around the world and to expand the service portfolio for cardholders. The ultimate goal is to implement the “UnionPay cards are accepted everywhere that Chinese travel” intl strategy, currently in 165 countries.

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Western Union Sees 2012 3% Revenue Increase

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted a full 2012 year 3% revenue increase and a 4Q/12 revenue of $1.4 billion, flat compared to the year ago period. Operating margin was 20.1%, or 20.9% excluding TGBP integration expenses of $12 million, compared to 25.0%, or 25.4% excluding TGBP integration expenses of $5 million, in the…

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Visa Intros Managed Mobile Service

Visa launched its plug-and-play mobile money platform, allowing financial institutions and mobile operators to offer bank-grade managed mobile financial services to consumers. This allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. This can enable domestic-only or globally interoperable mobile money services. Users can access a financial account that is linked to their mobile phone number. From cash-in and -out transactions at agent locations, to paying bills, sending money to relatives, topping-up air time and buying train tickets, consumers can take advantage of bank-grade financial services and Visa-quality payments. Visa’s new platform is designed to comply with the regulatory frameworks established for mobile financial services for mobile network operators and financial institutions to provide local connection to Visa’s global payment network, VisaNet.

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Collis ATM Testing Tool MasterCard Qualified

UL is pleased to announce that the Collis Brand Test Tool, developed by UL’s Transaction Security team, has passed qualification by MasterCard for its new ATM module. The last couple of years, terminals with motorized readers became smarter detecting possible fraud. For that reason it became more and more difficult to let them accept a wired probe during testing. Our new solution comes with programmable cards for motorized readers. The cards will be personalized in a few seconds to behave exactly like a formal MasterCard or Visa test card. Subsequently, the test case from the scheme’s test plans will be executed, exactly in the way the Collis Brand Test tool users are used to. Logging from the card will be read and included in the verdict of the test. The tool will provide the same outstanding level of step-by-step guidance to the user.

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Cardlytics Makes Available Facebook Offers and Rewards

Cardlytics is expanding its service to allow consumers to opt-in to receiving offers and rewards via Facebook. This will allow partner banks to deploy a Facebook App that integrates with the Cardlytics reward platform and let consumers privately see their offers and rewards while using Facebook. The Cardlytics software simply uses the Facebook API to create a link from an anonymous token ID at the bank to their individual Facebook ID. Cardlytics specializes in card-linked marketing, partnering with more than 300 banks providing insight into the spending of nearly 70% of households across the U.S.

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ACI Worldwide Updates Payments Fraud Detection

ACI Worldwide payment systems announced its newest version of ACI “Proactive Risk Manager” payments fraud detection and mitigation solution. This provides financial institutions enhanced behavioral modeling tools and performance testing capabilities designed to strengthen fraud detection accuracy and improve the customer experience. The “Proactive Risk Manager” puts more control in the hands of the fraud manager through flexible configuration tools and a new user interface (UI). It also improves operational efficiencies with a new user interface (UI) designed to reduce the learning curve for new users while making the experience more intuitive for frequent users.

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TSYS Promotes Associate to VP, App Systems

TSYS promoted Tony Hodge to Executive VP, Application Systems for its North America segment. Hodge brings to the position 30 years’ experience, having help multiple IT leadership positions at TSYS. Now responsible for more than 1,000 IT professionals in the North America segment, Hodge studied Computer Information Management at Columbus State University, and has completed numerous Bankcard and IT certificate programs. During his tenure at TSYS, he has received numerous leadership awards, including the James H. Blanchard Leadership Award and the Georgia Trend Top 40 under 40 Award.

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Diebold Sees 4Q/12 Profits Tumble

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Diebold posted a 4Q/12 net loss from continuing operations attributable to Diebold of $(7.5) million, compared to the year ago net income of $79.8 million. The company recorded $18.0 million of pre-tax, non-routine expense primarily related to increasing its accrual for the eventual resolution of the previously disclosed Foreign Corrupt Practices…

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