NCR System Integrity Protects Customer Data and Store Systems

Retailers with data security problems face regulatory penalties, negative publicity, customer wrath and lost revenue, which NCR is addressing with its “System Integrity for Retail.” Through an agreement with McAfee, NCR System Integrity for Retail protects an entire store from the point-of-sale to back-office systems. The NCR “System Integrity” stops unapproved POS software or systems changes, reducing the risk of inadvertent or malicious installation of viruses or malware, reducing the risk of costly system shut-downs, exposure to data loss and costly regulatory fines and penalties.

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UBPS Acquires JetPay Real Time Processor

Universal Business Payment Solutions Acquisition Corporation completed its acquisitions of the JetPay card processor and the A D Computer Corporation companies. A D Computer has its own innovative technology platform, designed with optimum flexibility to accommodate payrolls of all sizes – from small family businesses to large corporations with 10,000 or more employees. JetPay offers real time credit card and ACH processing and is a merchant account provider that process all front end authorizations as well as all back end clearing and settlement functions in-house from end-to-end for both card-present as well as card-not-present transactions. It expects to process more than $30 billion in sales volume with over 150 million transactions for merchants as well as independent sales organizations.

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Charge Payment Buys Trust One Payment Services

Charge Payment, LLC has purchased Trust One Payment Services for undisclosed terms. Providing credit and debit card processing services to small- and mid-sized business merchants, Trust One Payment Services currently processes over $700 million in annual charge volume for approximately 2,800 merchants, and its merchant portfolio is diversified across a range of business sectors, with an emphasis on outsourced receivables management and e-commerce. The Trust One Payment Services team will continue to operate Trust One as a wholly owned subsidiary of Charge Payment.

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Discover Launches No-Fee Credit Card

Discover Financial Services launched its Discover “it” no annual fee credit card. Giving cardmembers rewards and special features, “it” combines special benefits and an enhanced customer experience. With their name and card number on the back of the card, cardmembers can expect the best of what Discover offers with no annual fee, no overlimit fee, no pay-by-phone fee, no foreign transaction fee and no fee for your first late payment. Discover’s $0 Fraud Liability Guarantee means cardmembers are never responsible for unauthorized charges on their account and can earn 5% Cashback Bonus in relevant categories that change throughout the year, up to a quarterly maximum, when they sign up for each 5% program. Cardmembers also earn 5-20% Cashback Bonus through the company’s online shopping portal, ShopDiscover, and can use the new Cashback Concierge, a free service that guides customers through a one-on-one online tour that helps them get the most from their rewards based on how they use their cards.

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Banco Popular and EVO Payments Forge Merchant Acquiring JV

Banco Popular partnered EVO Payments International merchant acquirer to form a JV to provide merchant acquiring services. EVO Payments International will acquire a controlling interest in Banco Popular’s merchant acquiring business in Spain. The Bank and EVO will enter a ten year marketing alliance in which the Bank will exclusively refer its merchant customers to the joint venture for merchant acquiring services, as well as provide card network sponsorship. The proposed joint venture is valued at over €70 million. Banco Popular remains committed to enhancing and specializing its product offering to its corporate and SME customers and merchants. The arrangement with EVO will provide for the introduction of innovative products and services to Banco Popular’s existing and future merchant customers in Spain.

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Western Union & PrivatBank Announce IOS Remittance

Western Union global payment services and PrivatBank made available a new option for sending and receiving Western Union money transfers- directly from their iPhone and other idevices. Through PrivatBank’s payment application “Privat24,” a client needs only to have a PrivatBank card and to set up the Privat24 application onto the mobile phone or device. The application can be downloaded free in iTunes App Store and Google Play for Android. Currently over 700,000 clients use PrivatBank’s mobile payment application Privat24, whereas the bank registers nearly 2,000 new subscribers every day.

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2012 Card Industry Revenue – A Continuing Downtick

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] During the past several years card issuers have dealt with new regulations which curtailed their business models, impacting their interest and fee income strategies. As a result, in 2012 top line revenue for the card industry in the R.K. Hammer card issuer model was reported at $149.6 Billion, down $5.3 Billion…

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Fiserv Partners TOPS Software on Payment Processing

Fiserv financial services technology solutions has established a partner relationship with TOPS Software property management software products and services, to make payment processing faster and more efficient for property managers. Fiserv clients who use the RemitStream Exception Handling property management solution and also use TOPS Condo/HOA management software are now able to automatically resolve exceptions during payment processing through integration of homeowner data between the two solutions. Fiserv worked with TOPS to create a specialized file that is in a specific format for loading into the Fiserv processing system without any further manipulation.

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America FCU Deploys Cardlytics Marketing Platform

Cardlytics Transaction-Driven Marketing platform has been deployed by America First Credit Union for targeted member rewards. America First Credit Union implemented the platform through an ongoing partnership between Cardlytics and Fiserv. Selecting offers, account holders can activate or “accept” rewards before redeeming them at a number of national, local and online retailers. There are no coupons or promotion codes required and no member data ever leaves the credit union’s secure environment.Members can easily opt-out of the rewards offers, but activation rates prove broad consumer acceptance of Cardlytics’ programs.

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GE Capital Retail Bank Inks La-Z-Boy Card Program

GE Capital Retail Bank and La-Z-Boy inked a five-year extension of their relationship to provide consumer credit card services through many of the home furnishings retailer’s 781 U.S. retail locations. GE Capital Retail Bank provides financial solutions to retailers to help grow their customer sales and will continue to service the account and manage the La-Z-Boy relationship. Customers can apply online or use in-store application kiosks for secure processing and fast credit decisions. GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction.

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Payza Launches International Online Remittance

Payza online payment platform launched its “SimplySend” service to facilitate money transfers from the U.S. to Bangladesh, allowing members to send money to friends and family, regardless of whether or not they have a Payza account. Payza is now licensed by the country’s central bank, Bangladesh Bank and facilitates transfers with a flat fee of $5 for remittances up to $500, and those over $500 cost a flat $10. Payza members can send a remittance to anyone in Bangladesh by completing a simple online form directly from their Payza account.

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Payatrader Introduces Mini Chip and PIN Terminal

Payatrader.com announced the general release of a pocket sized, standalone card processing terminal with electronic receipting. Designed for home services traders and small businesses, the PayMate terminal is set to become the tool of choice for small businesses, facilitating immediate card payment. Its a fully accredited, secure chip & pin device with immediate authorization and cardholder authentication.

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