Citi & Planet Payments Offer Merchants Multi-Currency POS Option

Citibank (Hong Kong) and Planet Payment multi-currency payment processor partnered to offer Planet Payment’s ‘Pay in Your Currency’ service to Citibank’s portfolio of merchants in Hong Kong and Macau. This offers customers the convenience of paying in their home currency at the point-of-sale, for which they are presented with a receipt or a terminal device which displays the transaction amounts in the merchant’s local currency and their home currency, together with the exchange rate and other service details. The customers then make their currency choice on the receipt or device. With Pay in Your Currency, international travelers can enjoy a more comfortable shopping experience by knowing how much the payment is in their home currency at the point of sale.

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Ingenico & TPG Ink Distribution Deal

Ingenico payment devices and services and The Phoenix Group (TPG) POS terminals and solutions forged a multi-year distribution agreement, enabling TPG to market and sell Ingenico’s next generation Telium series POS devices to independent sales organizations (ISOs). Emerging EMV chip-based, contactless, and NFC-based payments means both companies are making a strategic investment to offer the latest Telium POS technology and solutions to ISOs. Now TPG will market and distribute Ingenico’s complete Telium range of products including iPP220 & iPP320 PIN pads, iCT220 & iCT250 countertop terminals, and iWL220 & iWL250BL (bluetooth) wireless devices. In addition, TPG will house a swap pool of the Telium devices in an effort to provide the most comprehensive customer service and a timely response to customer service requests. As part of their repair and services, TPG will perform key injections and downloads.

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Fio Implements First Data Processing

First Data Corporation electronic commerce and payment processing will gradually supply a full portfolio of processing services, including transaction processing and card management services, to Fio banka. First Data will provide Fio banka with a large portfolio of services from card issuing, personalization and card authorization systems, through to transaction processing and fraud monitoring. In addition, First Data will work together with Fio banka to bring a wide range of innovative solutions to the Czech market, such as issuing contactless-enabled payment cards and enabling cardholders to carry out PIN changes using the bank’s internet banking platform.

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Credit Card Chargeoffs See Growth First Time in 9 Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After months of cardholder pay-downs, card chargeoffs are on the way up once again. Having not seen an uptick since August 2011, card chargeoffs in April were up 27 basis points from the March figure of 5.17% to 5.44%, although the outlook remains bright for the remainder of this year as…

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ACI Partners Spectrum, Secures SMS Fraud Alerts

ACI Worldwide (ACIW), a leading international provider of payment systems, announced a global partnership with Spectrum Message Services Pty Ltd, to deliver ACI mobile alerting powered by Spectrum’s MoneyGuard product. The combined solution will add a critical layer of protection to financial institutions’ fraud systems by using the flexibility and convenience of interactive SMS messages to identify and stop fraud quickly. Organizations utilizing ACI mobile alerting will be able to identify suspicious transactions in near real- time and send an SMS message to the customer containing details of the transaction such as location and amount. If that transaction is fraudulent the customer can respond with a simple ‘BLOCK’ message and the card can be frozen. This has the potential to stop fraud much sooner than current methods available while improving customer satisfaction by preventing cards from being blocked incorrectly by banks attempting to stop fraud themselves. The interactive nature of the system will help to improve customer service.

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Heartland Adds Three Senior Executive Positions

Heartland Payment Systems announced three new executive positions to further develop its portfolio and services within key industries and extend the company’s strong growth track record. With this, Robert H.B. Baldwin, Jr., previously president of the company, will serve as vice chairman; Michael A. Lawler, previously chief of corporate development, is being promoted to president – strategic markets group; and David Gilbert is joining Heartland as president – hospitality group. Baldwin will continue working closely with Mr. Carr, with responsibilities for key industry relationships, investor relations, information security, and customer service operations. A 12-year veteran of Heartland, Mr. Baldwin will also be an essential collaborator with the business group leaders in the planning and execution of Heartland’s growth strategies.

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HSBC Launches Business Banking App on Android Platform

The HSBC Business Banking app, which allows customers to access their business accounts at any time and from anywhere in the world, is now available to hundreds of thousands more of its customers as an Android app, The original app, already available for iPhone, iPad and iPod touch, has proved to be a huge success with tens of thousands of HSBC business banking customers already choosing to manage their accounts using the convenience of the app. The new Android app provides the same pioneering functionality, including the ability to set up new beneficiaries while mobile. Blackberry users are benefitting from enhanced web content too, and will also be able to set up new beneficiaries while mobile, making life a little more convenient for businesses who need this added flexibility if they are not necessarily tied to a desk.

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ACI and Bell ID Partner, Launch Mobile NFC Payment Solution

ACI Worldwide (ACIW) payment solutions expanded its partnership with Bell ID smart card and token management solutions to deliver issuance and management of mobile NFC payment tokens for devices equipped with contactless technology, using ACI Token Manager(TM) for Mobile. The product is enhanced by ACI’s expertise in providing contactless and mobile payments solutions to some of the largest retailers and financial institutions combined with Bell ID’s leadership in NFC lifecycle management software. It provides over-the-air (OTA) lifecycle management of applications, cryptographic keys and secure elements on NFC enabled mobile devices. The platform can be implemented by organizations choosing to launch mobile payment systems or seeking to add Trusted Service Manager (TSM) capabilities to their offerings.

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Star One Credit Union Partners Tyfone on mBanking

Star One Credit Union partnered Tyfone mobile services to its more than 89,000 members worldwide to offer mobile banking services to its members, including Fiserv XP2 core integrated mobile banking, enhanced strong ID authentication mobile security and a seamless path to NFC contactless payment technology. Tyfone’s multimode mobile banking solution offers a complete range of features delivered to Star One members via mobile application, a mobile website and/or text messaging. Features include Mobile Remote Deposit Capture; Rate Watch Alerts; Fraud Monitoring and Analytics; and Star One Account Aggregation.

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