Payza and Intelligent ID Launch ID Confirm

Payza, one of the largest payment platforms for e-commerce, corporate disbursement and remittances, announced that it has partnered with Intelligent ID (IID), a powerful user activity management system, which will further enhance Payza’s ability to perform real-time identity verification of its members in the United Kingdom. It is also a critical requirement to conduct anti-impersonation and anti money laundering (AML) checks to ensure Payza is engaging with the “true” individual and that the individual has not previously been exposed to sanctions or corruption. IID utilizes global sanctions, law enforcement and regulatory watch lists to screen all applicants.

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First Data Ticket Vending Machines Now Contactless

First Data and the Warsaw Transport Authority (ZTM) launched ticket machines to accept contactless payments on public transport. The contactless-enabled ticket machines have been installed on both buses and trams, accept contactless payments worth up to PLN50 (around US$15). Customers can also pay with cash at the 112 contactless-enabled ticket vending machines, installed on buses and trams, which is set to increase to 580 by the end of 2012.

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Economy Lacking Job Creation Sees Paydowns

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having skyrocketed 11.2% in May since the year ago figure, U.S. credit card performance continues to excel as delinquencies are hitting record lows to an 18-year record low of 1.78%-despite unemployment stagnation. Up from the April figure of $862.2 billion, outstanding revolving US…

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Navy Army Community Credit Union Selects Fiserv Deposit

Navy Army Community Credit Union has selected a range of Fiserv solutions to enhance its check deposit and processing services, including Branch Source Capture™, ATM Source Capture™, the Fiserv® Clearing Network and mobile capture and item processing capabilities. With ATM and Consumer Source Capture from Fiserv, members will benefit from the ability to deposit checks at the closest ATM or at home, whenever it is most convenient for them. Additionally, with the cross-channel duplicate detection capabilities available through Source Capture Solutions®, Navy Army can easily detect duplicates across all of its capture channels. Navy Army has been a Fiserv client for more than 20 years and uses Fiserv’s DataSafe® for core account processing, CheckFree RXP for online bill payment, LynxGate for ATM management and VirtuosoTM for online banking.

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Datacard Group Deploys Card Issuer Software Upgrade

Datacard Group made available its software upgrade package to help U.S. card issuers on its “CardWizard” issuance software migrate to EMV compliant smart card programs. Building on “CardWizard” and “Affina” smart card software, the software upgrade includes a phased approach to affordably integrate smart card personalization into their existing card issuing environments. The software upgrade along with SafeNet’s HSMs will help customers meet worldwide standards and requirements for EMV compliant card programs, as well as compliance with Visa® and MasterCard® security recommendations.

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Bank of America Merrill Lynch Global Transaction Services Appoints Directors

Bank of America Merrill Lynch today announced Bill Borden has been named managing director and head of North America Product Solutions and Dennis Sweeney has been named managing director and a Treasury Solutions Executive. As head of North America Product Solutions, Borden will manage the North America Product Sales teams that cut across Global Corporate Banking, Global Commercial Banking and Business Banking. He was most recently with Citigroup, where he was responsible for leading the team focused on developing Cash Management and Securities Fund Services relationships with U.S. state and local governments. Sweeney will work closely with various teams and global product leaders to provide senior finance executives at Bank of America Merrill Lynch’s largest global clients with advice, expertise, best practices and trends related to their treasury platforms. He was previously with General Electric for 20 years, most recently as Deputy Treasure.

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SECURITY MANAGEMENT PARTNERS LAUNCHES PCI CONSULTING

Security Management Partners (SMP) independent information security consulting is now certified as a Qualified Security Assessor (QSA) of the PCI DSS. To achieve this certification, SMP has fulfilled the rigorous testing and training requirements of the Payment Card Industry Security Standards Council and is now one of a preferred group of providers qualified to assess any organization’s compliance to the PCI DSS standards.

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MasterCard and California Restaurant Association Launches Insights Offering

MasterCard and the California Restaurant Association (CRA) announced an initiative to offer CRA members a range of creative programs and business intelligence solutions to optimize, streamline and grow their businesses. This will initially focus on tools delivered by MasterCard Advisors’ Information Services division including California Restaurant Reports and Market Vision Report. The monthly California Restaurant Reports, developed exclusively for the CRA, analyze extensive purchasing data to provide insights into restaurant level econometrics and trends, such as changes in sales, average ticket prices, and customer frequency across fast-casual, casual and family dining restaurants.

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Synovus Bank Launches Prepaid Card

Synovus Bank made available its prepaid Synovus Connections Card at all Synovus Bank divisions as a payment alternative to a traditional checking account. The Synovus Connections Card works like a check card, but there is no checking account or credit check required. The card is appealing to customers with a specific need for a prepaid card, and as an affordable option for individuals currently paying check cashing fees because they do not have a checking account. The Synovus Connections Card allows customers to get cash at the ATM, make purchases most everywhere Visa debit cards are accepted, get cash back at point of sale, and make purchases online or over the phone. The card can be reloaded with no fee at any Synovus Bank division branch with cash and through direct deposit.

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MIB Activates Aptys Payment Processing

Midwest Independent Bank (MIB) has implemented Aptys’ PayLOGIC unified platform to support all aspects of payment processing. PayLOGICS’ second-generation technology, which integrates seamlessly with MIB’s existing infrastructure, improves operational efficiencies for the bank and streamlines payment processes for its respondent customers. With PayLOGICS, MIB has one centralized view of all customer payment activity, and as a result can process returns and adjustments directly within the system in support of its payment product, MIE.net (Midwest Image Exchange Network).

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Unemployment Stagnation Going 7mos Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With 8% the new contemporary standard for the unemployment rate, the number of unemployed persons (12.8 million) in July showed an unemployment rate once again just above 8%, holding steady at 8.3%. After dropping like a rock throughout the fall and winter months of last year, this is unchanged throughout the…

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First Data Solution Available to Bank of America Cardholders

Bank of America Merchant Services will offer the First Data “OfferWise” solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform, which integrated the solution into its iDeals Marketing Platform bringing offer creation, distribution and redemption for merchants. The integration of the First Data OfferWise solution through an API developed by CardSpring will allow Bank of America Merchant Services customers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallets to enable automatic redemption of the offer at the point of sale. The customer simply swipes the card at the merchant’s point of sale and the offer is redeemed.

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