Visa Concludes Record-Breaking $109.1T 2011 Global Commercial Spending

Visa released its annual global Commercial Consumption Expenditure (CCE) index, showing global commercial spending reached $109.1 trillion in 2011 for a 12% growth over the year ago figure of the $97.4 trillion spent in 2010. This is also the first ‘CCE’ since 2004 indicating spending passed the $100 trillion mark. The strongest year-over-year growth rates…

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DBS Installs Wincor Nixdorf Cash Cycle Management

Development Bank of Singapore (DBS) is implementing Wincor Nixdorf’s Cash Cycle Management Solutions concept in its newly designed flagship branch. Equipped with 22 CINEO systems from automated teller safes to cash recycling systems, the new branch is to serve as a blueprint for the bank’s branch network. Wincor Nixdorf has helped DBS develop its new branch concept, implementing a customized model for automating cash processes at the counters and in the self-service zone. Automated teller safes with recycling functionality take over the time-consuming task of counting and verifying banknotes, significantly reducing the time required by tellers to perform these tasks at the beginning and end of their shifts. Wincor Nixdorf also provides IT services for DBS, comprising first and second line maintenance.

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Conference Board Consumer Confidence Index Up 9 Points in September

The Conference Board Consumer Confidence Index, which had declined in August, improved in September. The Index now stands at 70.3, up from 61.3 in August. Meanwhile, the Expectations Index increased to 83.7 from 71.1 just as the Present Situation Index rose to 50.2 from 46.5 last month. Experts concluded the Consumer Confidence Index rebounded in…

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Fundtech Launches tablet App

Fundtech global transaction banking launches its “CASHplus Mobile Corporate Banking” for Tablets as part of its “Triple Play” (desktop, smartphone, tablet) cash management product strategy. This lets banks offer corporate customers access to treasury services across multiple access channels with a consistent and integrated user experience that is right-sized for the device. The “CASHplus Mobile Corporate Banking” for Tablets gives corporate treasurers access to critical bank information and services so that they can manage their cash flow and make decisions anywhere, anytime with multi-channel access to treasury services. It also features Native iOS and Android app with optimized functionality for touch screen interaction and the ability for treasurers to access balances and transactions, wire approvals, ACH approvals, positive pay decisions and exceptions.

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Diebold Revises ’12 Sales Outlook

Diebold, Incorporated (DBD) announced preliminary 2012 third quarter revenue of approximately $710 million and earnings of $.27 per share, or $.39 on a non-GAAP* basis. The company has lowered its full-year outlook for revenue and earnings per share, now expecting total revenue growth of approximately 6 percent and full-year non-GAAP earnings of $2.25 to $2.30. This compares with previous revenue guidance of 6 to 8 percent growth, and non-GAAP earnings of $2.50 to $2.60 per share.

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Acculynk Appoints New Member to Board of Directors

Acculynk payments provider and “PaySecure” software-only service for Internet PIN debit payments appointed Mark Herrington to its Board of Directors. Currently Executive Vice President, Global Product Management & Innovation for First Data Corporation, Herrington brings to the board a wealth of experience. He joined First Data in 2007 as First Data was in the process of acquiring Money Network, which he co-founded in 2001. Mr. Herrington’s financial services experience includes prepaid, TeleCheck, e-commerce, mobile payments and merchant loyalty.

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Vietinbank Implements Core Banking System from FIS

FIS partnered Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) of Vietnam to offer its full core banking replacement for consumer, corporate and international businesses. Vietinbank selected FIS for its sophisticated and flexible core banking platform with FIS Profile as the main core banking engine, utilizing FIS TouchPoint® and Xpress® to deliver a comprehensive front-end integration for the bank’s branch, ATM and online services.

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MoneyGram Adds Rural Credit Union to Network

MoneyGram announced that its money transfer services at Rural Credit Union (RCU) Zhejiang are live at 96 locations in Zhejiang province of China. MoneyGram services are available to Zhejiang residents to send and receive money internationally in USD and Euros across 196 countries at participating RCU Zhejiang locations. According to the World Bank, China is the second-largest recipient of money transfers globally, with about $62 billion annually coming into the country.

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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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