Consumers Gain Employment, Incur Less COF & Delinquencies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card delinquency has plunged to an all-time low with Fitch Ratings’s 60-day Delinquency Index having dropped to 1.76% for the month of August. This brings delinquencies down to their lowest level on the Prime Credit Card Index in 21 years while delinquencies are down 25.74% since the year ago…

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Paymode-X Expands Currency Markets

Bottomline Technologies cloud-based payment, invoice and banking solutions announced that its business-to-business settlement network, Paymode-X, has expanded payment capabilities to 23 currencies. The Paymode-X network first increased its global reach with the launch of a travel commission payment offering. Paymode-X supports 23 currencies spanning more than 30 countries and is used by travel companies to send electronic commission payments and remittance detail to their agents around the globe. Eliminating paper payable processes presents significant opportunities for cost savings and allows organizations to reduce their environmental impact.

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Intercede Launches Mobile ID Verification with New App

Intercede announced the general availability of its “MyID CardChecker App for Apple iOS.” This app allows government agencies and enterprises to read and display electronic information from personal identity verification (PIV), PIV-I, commercial identity verification (CIV) or transportation worker identification credential (TWIC) smart cards on an iPhone or iPad. Leveraging mobile technology, Intercede has developed an affordable solution for corporations and government agencies to verify the identity of their employees, contractors and visitors anytime and anywhere. Intercede has developed a downloadable mobile app – available in the Apple app store – that allows iPhones and iPads equipped with a Tactivo Smart Card Reader from Precise Biometrics to read and display smart cards, including personal identification number (PIN) protected content.

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AT&T Deploys Fiserv Walk-in Bill Payment

Fiserv announced AT&T has extended its partnership agreements, signing a multi-year, sole provider agreement for its “CheckFreePay” walk-in bill payment service. This expands the walk-in bill payment capabilities for Wireline customers into 13 additional states, offering walk-in bill payment capabilities for their Wireline phone bills. AT&T also renewed the contract for its Long Distance, Mobility and U-verse(R) customers, so that customers in 48 states can continue paying their bills through walk-in bill payment locations. AT&T customers will have the option to pay their Wireline, Long Distance, Mobility and U-verse bills in person using cash, checks or money orders at any local CheckFreePay agent. A receipt is provided as proof of payment.

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bnetTV to to Partake in NFC & Mobile Money Summit

bNET Communications announced their subsidiary bnetTV is an official media partner at this year’s 5th annual GSMA NFC & Mobile Money Summit 22-25 October. One of many topics being discussed at this year’s summit will surround the recent report issued by the GSMA and the Latin American Mobile Market (Brazilian Mobile Observatory 2012). The first of the Mobile Observatory series of reports to focus on Brazil offers the GSMA’s view into the explosive growth of the sector and the range of services it enables for its citizens. Brazil is the fourth largest mobile market in the world and highly competitive with increasing uptake of mobile technologies and services, including NFC, mHealth, mEducation and mCommerce, which will further shape Brazil’s mobile future.

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Unemployment Rate Down, Spending Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having dropped 6.7% in July since the year ago figure, it was up in August 5.9% just as the national unemployment witnessed its largest change since February 2012, dropping to 7.8%. After sitting at just above the 8% mark for 8 months, the…

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Open Solutions Implements Virtustream

Virtustream enterprise cloud solutions provider announced Open Solutions collaborative enterprise technology to community-based financial institutions worldwide will build and deploy its development environment on xStream, Virtustream’s enterprise class cloud solution. Open Solutions’ decision to move its existing virtualized systems to the cloud will provide the increased flexibility and agility needed to enhance the performance of its software solutions so that it can better serve the financial services community with its radically different technological innovations. For Open Solutions, the flexibility, agility and cost-savings Virtustream offers distinguished the company from other cloud solutions providers. xStream can easily support dozens of copies of the same systems running simultaneously, enabling developers to work separately on the new systems without interference.

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Servebase Launches e-Commerce Plug-in

Servebase global payments provider has launched a Magento eCommerce Plug-In, allowing Magento users easy access to global, painless, feature rich eCommerce payments. The Servebase Payment Gateway allows online retailers and merchants to make money straight away with Global Acquirer links, Multi-Currency Support and Dynamic Currency Conversion. Tokenization and industry standard functionality of, Address Verification System and 3D Secure checking ensures security compliance and risk is of no concern and pre-authorisations, sales and online refunds mean all transaction types are supported.

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Blackhawk Network Offers mGift Cards Through mFoundry

Blackhawk Network prepaid and financial payments products partnered mFoundry allowing it to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry. Fin.X is the next generation mobile banking platform from mFoundry, North America’s leading provider of mobile banking and mobile payments. Smartphone users whose financial institution has deployed Fin.X and offers this option can browse and buy gift cards electronically from entertainment, fashion, dining, and home improvement brands that have a relationship with Blackhawk Network. The purchased gift cards are accessible via the consumer’s smartphone and can be redeemed electronically at participating merchants.

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Payworks Launches Chip & PIN mPOS

payworks mpayment introduced its mobile Chip & PIN solution, allowing processing of major credit cards as well as local debit card schemes. payworks’ mPOS infrastructure gives payment providers compliance with PCI DSS and payment acceptance with a smartphone or tablet, complete with a secure PIN entry device, for both EMV Chip and magnetic stripe cards. Instead of deploying the solution to merchants directly, payworks opens up its Chip & PIN infrastructure to providers of mobile Point of Sale solutions enabling them to run the fully compliant technology under their own brand. The PIN entry device is PCI-PTS certified and reads both EMV chip and magnetic stripe of the credit or debit card.

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Taishin Bank and Planet Payment Launch Currency Conversion

Taishin International and Planet Payment multi-currency payment and data processor launched Planet Payment’s “Pay in Your Currency” to Taishin Bank’s portfolio of merchants. The “Pay in Your Currency” allows eligible international customers to be offered the choice of paying in their home currency at the point-of-sale. The customers are presented with a receipt or terminal which displays the transaction amounts in New Taiwan Dollar and their home currency, together with the exchange rate and other service details. The customer then selects their currency choice on the receipt or device. With Pay in Your Currency, international travelers can enjoy a more comfortable shopping experience by knowing what they are paying in their home currency.

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