NCR to Deploys Interactive Teller Service at FCU

Wright-Patt Credit Union will now implement “APTRA” Interactive Teller from NCR Corporation, allowing members to conduct remote, assisted-teller transactions over an ATM, interacting live with a centralized Wright-Patt teller who has control of the machine. APTRA Interactive Teller is part of NCR’s assisted service suite of solutions, combining the best of video collaboration and remote transaction-processing technology on an ATM. This will ultimately offer teller services after the branch has closed and add branch services in areas where they do not have a branch presence. Wright-Patt will install 12 walk-up units in branch lobbies and off-site locations, and seven additional units in branch drive-throughs. It also allows customers to perform secure transactions without using a traditional ATM card and, like branch tellers, remote tellers can provide customers access to cash in their accounts in amounts over the standard ATM daily cash withdrawal limits.

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VeriFone Embarks on New Market with Taxi Payment and Media

VeriFone Systems inked a comprehensive, long-term contract to provide credit card processing along with digital and traditional media to a Las Vegas cab company whereby it will provide nearly 100% of taxi card payment services in the city. This will generate $90 million over the term of the contract in revenue derived from equipment sales and fees from services and advertising. This deal includes advertising on the company’s airport shuttle bus service, enabling VeriFone to provide virtually blanket exposure to visitors for advertising and promotional campaigns. Cab-goers will enjoy a 10-inch tablet and make electronic payments on VeriFone’s NFC and EMV-enabled VX 820 payment solution.

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M-Banking Usage Up 50% Y/Y

Mobile banking is now allowing more banks to drive out costs and deepen customer relationships, according to Bain & Company’s annual “Customer Loyalty in Retail Banking Report (2012 global edition).” The report finds that Asia has the highest mobile banking penetration while survey respondents in the U.S. reported the highest frequency, averaging 4.9 mobile transactions in the previous three months. Meanwhile, 64% of mobile banking users in the U.S. say that the future ability to use their smartphones or tablets to check account balances would be highly valued and 41% say using their smart device for remote deposit capture (through a digital image of an endorsed check) would be highly valued. U.S. mobile users report greater loyalty.

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TSYS Expands Card Management with NMB Bank

NMB Bank Limited (NMB) has signed an agreement to migrate its Visa credit card portfolio to TSYS “Prime 4” licensed card and merchant management solution. NMB will use “PRIME” 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses. The “PRIME 4” solution is a multi-lingual, multi-currency, multi-institutional and multi-product, single platform solution for issuers and acquirers.

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Over 80% of Shoppers to Buy Retail Gift Cards This Season

The National Retail Federation (NRF) is projecting over 80% of shoppers will purchase at least one gift card with total holiday spending approaching $30 billion in 2012. The Retail Gift Card Association (RGCA), made up of some of the nation’s largest retailers, wants all consumers to know that gift cards purchased at their member companies have no fees, never expire and are a convenient – and coveted – gift.

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Virtual Piggy Inks Expansion Partnership with WorldPay

Virtual Piggy has entered into a Strategic Partnership with WorldPay to further expand its eCommerce service in the international marketplace. Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management, while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents in over 100 different currencies. Meanwhile, WorldPay merchant acquirer operates in more than forty countries, 120 transaction currencies and fourteen settlement currencies.

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EVO Payments International Buys PowerPay

EVO Payments International privately held credit card processor has acquired PowerPay, a premier provider of integrated E-Commerce and POS payment processing solutions. EVO currently services 275,000 merchant customer businesses of all sizes, in various industries, focusing on small to mid-sized merchants. PowerPay currently supports a portfolio of 55,000 merchanchants with a total annual sales volume of more than $8 billion and relationships with over 15,000 VARs and agents.

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U of Wisconsin-Madison Implements NCR

NCR Corporation announced that the University of Wisconsin-Madison (UW-Madison) is installing the NCR Venue Manager solution at four of its athletic facilities to drive revenues and increase the efficiency of its concessions and suite catering operations. This will let venue staff plan, manage and run events more effectively, increasing customer satisfaction while enhancing operational visibility and controls. The UW-Madison solution includes point-of-sale hardware and software that enable effective back office management; integrated credit card processing; and ticket, suite, premium and retail sales.

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Revolving Credit Takes a Holiday Bounce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having waned 3.1% in September, it witnessed a 4.7% jump in October, as consumers strap on those shopping shoes. With growth of 5% since the year ago period, outstanding consumer credit has seen growth of 2% since the July figure, according to the…

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Higher One Launches Cash Back Rewards Program

Higher One financial services and data analytics launched its “OneRewards” cash back rewards program for its checking accounts for college students enrolled at partner colleges and universities. The “OneRewards” solution allows Higher One checking accountholders to receive up to 30% cash back on everyday purchases both online and in-store. The OneRewards program will be providing access to over 100,000 merchants in the network including 21 of the 25 top U.S. retailers and 45 of the top 50 online retailers including top brands like Staples.com, BestBuy.com, Kohls.com, and Dell Home.

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TransCard Launches Custom Microsites for online Gift Cards

TransCard enhanced its Gift Card programs, giving all banks offering TransCard prepaid programs Free access to customized microsites for seamless online Gift Card sales. Banks are responding to promote and sell gift cards on their websites and through social media. The TransCard online Gift Card program is the latest in a series of new product, marketing and technology innovations from TransCard.

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