Fiserv Inc, based in Brookfield, WI, announced today that 150 credit unions in the United States have selected them to implement and integrate Mobile Money™. Mobile Money is a mobile online banking solution that supports access via downloadable application that is compatible with Smartphones such as Google’s Android, Research in Motion’s Blackberry, Apple’s iPhone and ...
Acacia Research Corporation, the patent licensing company based out of NEWPORT BEACH, California today announced that Financial System Innovation, a subsidiary of Acacia Research has reached a settlement agreement with Dollar General Corporation, the chain discount retail store, in regards to patent technology that protects credit cards from fraud. The patent had apparently expired. The ...
USAA Federal Savings Bank, headquartered in San Antonio, Texas, provides banking, investment and retirement products to U.S military personnel and their families. The company has more than 6 million customers around the globe enjoying the benefit of being offered the latest and best technology in the banking industry. Last year, USAA started offering a new ...
Mobile payment technology is a very young market and is currently taking shape and form in the merchant services industry. Leaders in the payment technology industry are doing what they can to establish strategic relationship with partners that already have large customer base as well as businesses as customers. VeriFone, one of the leaders in ...
Our friends over at Research and Markets announced this week some news findings and reporting on what is really happening when it comes to organizations and businesses using Remote Deposit Capture (RDC). RDC technology offers merchants 3 step process to scan, verify and deposit checks which speeds up the time that’s required to deposit checks ...
First Data Corp has developed a new electronic-gift program called “eGift Social.” It is basically a platform for social network payments, person-to-person (P2P) and micro-payment combine together. First Data just launched the program and Cold Stone Creamery is First Data’s first client to utilize the service. I’m sure there will be many more added to that list ...
BillFloat Inc, a San Francisco, California based bill payment company officially launched services as of this week. According to BillFloat, they are the first micro-credit solution offering people more time to pay their bills by extending the time consumer’s need to pay their bills. Their services support thousands of billers (service providers) such as AT&T, ...
On Thursday July 15, 2010, MasterCard Inc. and almost all of the banks that filed claims announced that an agreement has been reached to take settlement relating to the data security breach dating back to 2008 when Hartland Payment Systems Inc security networks was compromised. In the agreement, Hartland and MasterCard settled on nearly 80% ...
FIS and Airdrie Savings Bank announced today that they have signed a five year contract for debit card processing services. Airdrie Savings Bank will be utilizing FIS’s Cortex card management solution which will probably be implemented by the end of this year. FIS is considered one of the largest providers of payment technology to the ...
On Wednesday July 14, 2010 Visa Inc, launched a new payment security initiative in an effort to reduce the need for organizations and retailer to retain the full 16-ditit debit or credit card number on their data systems. The source comes directly from National Retail Federation and Visa Inc. You see, for the longest time ...