Fiserv Upgrades UChoose Rewards Solution

Fiserv upgraded the UChoose Rewards mobile application on rewards and loyalty which provides merchant-funded and issuer-funded rewards capabilities for financial institution clients. This provides UChoose Rewards participants an expanded mobile search and online point redemption capabilities that allow them to identify opportunities to earn points through the mobile platform. The application provides a customized map to the locations of participating merchants, enabling UChoose Rewards participants to see available offers from merchants that will earn them bonus points. Participants shopping in stores can scan UPC codes on merchandise to determine if the item is available through their rewards program and how many points are required to purchase it, continuing the program’s award-winning service and innovative solutions.

Details

AJB Simplifies PCI Security Compliance

AJB Software Design integrated payment solutions announced that its FIPay payment products achieved PCI’s PA-DSS 2.0 validation, and its RTS products are projected to be PA-DSS 2.0 in advance of the October 28th, 2013 deadline. The deadline requires merchants to upgrade from the existing PA-DSS version 1.2.1. AJB provides merchants with an easy way to pre-validate their payment applications. Existing AJB customers using PA-DSS 1.2.1 validated products are eligible to receive PA-DSS 2.0 security patches.

Details

PayPal Grows Online Merchant Payment Footprint

Office Depot office supplies has now added PayPal to its selection of online payment options for a secure way to pay for purchases on www.officedepot.com. Using PayPal on www.officedepot.com simplifies the online checkout process by providing shoppers with a quick, and secure option to pay for purchases without sharing financial information. PayPal can also help shorten the time needed to checkout as customers do not need to type the billing and shipping addresses or financial information that it is already stored securely in their PayPal account. Users also can securely link their bank account, debit or credit cards to their PayPal account.

Details

Gemalto Partners Svyaznoy Bank on Prepaid Card Services

Gemalto digital security partnered Svyaznoy Bank to deploy a large scale prepaid card offer for its customers. Certified by MasterCard and Visa, the program combines rigorous security with consumer appeal and can be processed at any location that accepts these payment applications. The prepaid card will be distributed via both networks, alongside a number of other sales channels. As a result, it will deliver significant commercial benefits, including attracting new customers, raising the bank’s profile, and creating an additional revenue stream. Gemalto’s prepaid card service can encompass every stage of the process, from design and production of the card and its packaging, right through to point-of-sale fulfillment.

Details

Bank Selects Fiserv Currency Supply Chain Management

Fiserv announced First Ukrainian International Bank (FUIB) implemented its “Integrated Currency Manager” to help address and manage cash reserve requirements across its network. Fiserv, along with its local implementation partner, Mellon Ukraine, has completed the initial phase of the roll-out – reducing the operational cash reserves for FUIB’s branch and ATM network — and the bank is already seeing some remarkable results. FUIB chose the Fiserv solution because it was looking to stabilize cash reserve levels throughout its network of branches and ATMs, using a technology solution to help optimize cash management while minimizing operational expenses.

Details

VeriFone NFC Services Make Eastward Expansion

VeriFone Systems partnered China Mobile and Bank of China to deploy managed services solutions for NFC payment and mobile marketing. Meanwhile, Shen Yang Badatong E-Commerce is equipping thousands of merchant locations with VeriFone NFC acceptance systems. This is the first implementation of VeriFone’s PAYMEDIA Mobile Marketing Platform (MMP) end-to-end solution that enables merchants, brands and third parties to launch highly targeted campaigns to mobile wallet subscribers. PAYMEDIA UAP enables Mobile Network Operators (MNOs) and wallet providers to easily download wallet acceptance applications directly to merchants’ point of sale systems and allows merchants to connect these apps to providers via VeriFone’s cloud-based gateway.

Details

VeriFone Acquires Two Payments Industry Distributors

VeriFone Systems announced an agreement with ANZ Bank New Zealand Limited to acquire EFTPOS New Zealand Limited (ENZ) along with an agreement with the Sektor Group of New Zealand to acquire its Sektor Payments operation. The acquisitions provide VeriFone comprehensive software, services and distribution resources to serve New Zealand with payment solutions and managed services, leveraging its Point payments-as-a-service platform. ENZ will continue to operate under its current branding, EFTPOS New Zealand, as a VeriFone company. Sektor Payments, which will operate as VeriFone New Zealand, boasts the largest reseller network that provides VeriFone payment solutions to merchants.

Details

MasterCard to Launch Refined Consumer App

MasterCard Worldwide partnered Far Eastern International Bank (FEIB) and National Credit Card Center (NCCC) to launch MasterCard inControl consumer app, letting users control how, when and where a MasterCard account may be used when shopping online. The MasterCard inControl service platform employs cardholder-controlled functions, including Authorization Control, Dynamic Virtual Card Number, and Alert & Notification. The platform will give cardholders the ability to generate a series of virtual card numbers with their preferred purchasing amount limits, based on their various shopping requirements, without worrying about exposing their real card numbers on the internet. It offers Authorization Control; Dynamic Virtual Card Number-a 16-digit virtual credit card number generated by MasterCard inControl system; and Alert/Notification to automatically alert cardholders when the consumption exceeds the amount limit.

Details

November Delinquency Rate Regains Lost Ground From October

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After 12-months of straight improvement having snapped in October, Fitch’s 60+ Day Delinquency Index made up ground and improved one basis point (bp) to 1.70% in November. With this, late payments are down more than 26% year-over-year- the second lowest rate in any given month since the inception of Fitch’s index…

Details

Fiserv Announces Annual Holiday Giving Accomplishments

Fiserv financial services technology solutions assimilated offices to donate over 16,000 pounds of food to Feeding America and the Global FoodBanking Network, which partner directly with local community food banks. Fiserv associates also raised over $76,000 to help the Mid-Atlantic and Northeast regions of the U.S. begin to rebuild after the devastation of Hurricane Sandy, which the company then matched dollar-for-dollar, up to $50,000, which resulted in more than $126,000 going to the Red Cross for Hurricane Sandy relief efforts. Fiserv associates nationwide also collected toys for the annual December Toys for Tots toy drive at Fiserv.

Details

CorFire Integrates PayPal for mCommerce Services

CorFire mobile commerce business of SK C&C USA integrated PayPal “Checkout, “Mobile Express” and “PayPal Here” to advance the adoption of mobile commerce services. CorFire will work with PayPal to bring large merchants and their services including mobile closed-loop cards, offers, and loyalty programs into the PayPal’s mobile app. For merchants, this means being able to deploy their own mobile app including PayPal services and at the same time being part of the PayPal mobile app.

Details

Panini appoints New CEO

The Panini Board of Directors announced John O’Malley is the new CEO. O’Malley most recently served as CEO of Memento, acquired by FIS, where he led the development and delivery of next generation technology solutions for bank management and mitigation of fraud. Prior to Memento, Mr. O’Malley was President and CEO of Harland Financial Solutions. He has also served in senior executive positions with Fiserv and Hogan Systems (now part of Computer Sciences Corp).

Details