Moneris Solutions Awarded for Prepaid Solution

Moneris Solutions credit and debit card processor has been awarded with the Leading Prepaid Organization award at the inaugural Prepaid Awards Canada 2012 celebration. Moneris Solutions was recognized for its provision of industry-leading stored value gift card solutions to over 6,000 businesses across Canada, as well as its rewards and recognition program service – giftcertificates.ca. In addition, the company’s Starter Pack program – which showcases the value of gift cards to small businesses by allowing merchants to try the program at no cost and with no obligation – was highlighted for its innovation.

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HSBC Expands on Android/BlackBerry Apps

HSBC UK’s Fast Balance app is now available for both Android and BlackBerry devices, giving even more HSBC Personal banking customers instant access to their current account balance, direct from their smartphones. Fast Balance, which launched for the iPhone earlier this year, gives HSBC’s UK smartphone customers the ability to view their current account balance and last six transactions. Customers can also top up airtime for up to five mobile phones. The apps for all three mobile devices have been developed by Monitise and HSBC as part of a three-year deal announced in April.

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DirectCash Acquires Customers Ltd

DirectCash Payments successfully completed its acquisition of Customers Limited, Australia’s largest independent operator of ATMs with over 6,600 ATMs in Australia and New Zealand. Customers operates Australia’s largest fleet of ATMs, which are contracted to merchants. The company operates ATMs for Bank of Queensland and Coles Express, while also carrying a range of bank brands on selected terminals, including Citibank, Bendigo and Adelaide Bank, and Arab Bank of Australia, as well as its own convenience brands. The Company is also the majority shareholder of New Zealand ATM Services Ltd.

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NCR sets up ATM monitoring center in Egypt

NCR established a managed services center in the country that allows Egyptian Banks to monitor ATM withdrawals and deposits. It currently monitors 1500 ATMs for 10 banks, allowing the FIs to track the level of funds at their machines, helping them keep their ATMs more reliably available. NCR owns 12 facilities in Egypt that specialize in manufacturing and maintenance. Depending on the nature of a breakdown, the company an repair a machine onsite or send it to a repair and maintenance center and, during the political uprising in Egypt last year, 250 machines were damaged and two machines were stolen and have not been recovered. NCR ATMS account for 91 percent of the Egyptian market.

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Consumer Confidence Hit Lowest in 6 Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover Spending Monitor, measuring consumer confidence in the economy, hit the lowest levels in June since January 2012. Down 4.8 points to 90.7 in June, those with the perception the U.S. economy is improving dropped 4 percentage points to 29% in June while 53% now rate the U.S. economy as…

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American Express Releases Plan to Advance mPayments

American Express released its network roadmap to advance EMV chip-based contact, contactless and mobile payments for all merchants, processors and issuers of American Express-branded cards in the U.S. American Express will work alongside other industry participants to drive interoperability across the U.S. and other countries and support chip-based technology for chip and PIN, chip and Signature, contactless and mobile transactions. With this, by April 2013, processors must be able to support American Express EMV chip-based contact, contactless and mobile transactions and beginning October 2013, merchants will be eligible to receive relief from PCI DSS reporting requirements if their POS acceptance locations re enabled to process American Express EMV chip-based contact and contactless transactions. By October 2015, American Express will institute a Fraud Liability Shift (FLS) policy that will transfer liability for certain types of fraudulent transactions away from the party that has the most secure form of EMV technology. U.S. fuel merchants will have an additional two years, until October 2017, before the FLS takes effect for transactions generated from automated fuel dispensers.

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North American Bancard Names CIO

North American Bancard added Tracy Metzger as chief information officer. Tracy’s executive experience features roles as CIO, CTO and president over the past 20 years. Metzger has been credited with increasing sales, decreasing costs and growing margins and comes to NAB from TGate Payments, a cloud computing payment processing Platform as a Service (PaaS) company, where for two years he served as president and chief technology officer. Tracy served eight years as president and CTO at payment processing and technology company Abanco International and was CIO at Gate Gourmet, the second largest global airline catering company, and vice president of technology strategy at Concord EFS, a credit/debit card transaction processing and settlement services provider.

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C-SAM Appoints VP to Oversee mTransaction Division

C-SAM mwallet infrastructure platforms, software, tools and development services, appointed Barbara Ballard VP Customer Experience and Marketing to expand and oversee C-SAM’s marketing, customer experience, and user experience processes. Ms. Ballard brings to C-SAM over ten years of innovation and leadership in mobile user experience, drawing on her past engagements across the entire mobile ecosystem. She has worked with mobile startups, mobile operators and companies in numerous related verticals in between. She authored the book, “Designing the Mobile User Experience” in 2007.

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Capital Bank Implements Fiserv Bank Platform

Capital Bank has selected the Fiserv “Premier” bank platform and outsourced processing services. Until now, Capital Bank’s accounts were processed by an independent vendor that licensed Premier from Fiserv, but the bank has now chosen to deepen its relationship with Fiserv by outsourcing its account processing through a Fiserv service center. This will let the bank to benefit from a direct relationship with Fiserv, and take full advantage of the features available in Premier and related Fiserv solutions. As additional factors in its decision, the bank cited usability, integration and the Premier system’s scalability, which will be used to keep pace with Capital Bank’s growing footprint. The bank chose a comprehensive suite of Fiserv solutions that includes Consumer and Commercial Credit Full Service for credit card management, Retail Online™ and Business Online™ for online banking, Mobiliti™ for mobile banking, AccountCreateSM for online account opening, CheckFree® RXP® for retail and small business bill payment and Popmoney® for person-to-person payments.

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FIS Extends Bristol County Savings Bank Relationship

Bristol County Savings Bank has signed a long-term renewal agreement for FIS’ core account processing, which will continue to power the bank’s front- and back-office operations. FIS is a leader in delivering core processing solutions to the community bank market. The comprehensive features of FIS’ core platforms enable financial institutions to increase operational efficiency and productivity and to mitigate risk. In addition, the flexible and easy access to customer information provides community bankers the ability to forge stronger relationships with their customers, leading to increased growth and customer retention. The bank also implements FIS’ remittance processing, eBanking, electronic funds transfer (EFT) and Business eBanking treasury cash management.

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Florida Credit Union First to Launch VISA Prepaid EMV Card

PSCU is the first to issue VISA Prepaid EMV cards in the United States. Several PSCU credit unions will begin issuing the new cards later this summer and more than a dozen credit unions plan to deploy prepaid EMV cards this fall. Prepaid EMV cards deliver full debit card functionality and are designed for credit union members who are working, traveling, living or studying in Canada and Europe and other regions where EMV technology is the preferred method for payment processing. These versatile cards also contain a magnetic stripe for use in the U.S. Chip authentication is proven to reduce transaction fraud and positions credit unions to avoid VISA’s liability shift to issuers, which is scheduled for 2015. Value can be loaded onto the cards from a web site, IVR, branch, using debit/credit cards, account transfers from checking/savings accounts or through direct deposit.

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Gemalto Acquires Controlling Stake in Plastikkart

Gemalto has acquired a controlling interest in Plastikkart Akıllı Kart İletişim Sistemleri Sanayi ve Ticaret A.Ş. (Plastkart), a regional leader in personalization services and smart card production based in Turkey. Plastkart is a public company, listed on the Istanbul Stock Exchange. Gemalto will now apply to the Turkish Capital Market Board (CMB) in order to fulfill its obligation to make a public offer for the remainder of the shares that it does not already own.

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