Friday, September 2, 2011

Adaptive Takes Its Internet PIN-Debit Method Mobile

PaymentsSource | Wednesday, August 31, 2011By Will Hernandez

Adaptive Payments is entering an already crowded mobile-payment acceptance market with a device that enables merchants to accept PIN-debit transactions on smartphones using a method similar to the company’s e-commerce operation.  The Shazam electronic funds transfer network will make the magnetic stripe reader available in the next two months to its nearly 1,500 community financial institutions as well as its merchant customers.  Shazam made a strategic investment in Adaptive earlier this year (see story).
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U.S. Bank First Top Ten Bank to Implement Secure Vault Payments®,a New Consumer Online Payment Option

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today the implementation of Secure Vault Payments (SVP), a new consumer online payment option, for the University of Wisconsin-Stout, Wisconsin’s Polytechnic University. UW-Stout students and parents are able to initiate online tuition payments with SVP using a consumer online bank account at U.S. Bank or any Secure Vault Payment-enabled financial institution.
“U.S. Bank is committed to providing merchants and billers with innovative solutions to increase the efficiency of their payment collection and to enhance their customers’ satisfaction”
With Secure Vault Payments, students or their parents initiate payments on a college or university web site and are automatically redirected to their own financial institution’s online banking platform to select which account they wish to use for payment. They are then returned to the school’s site, where they receive payment confirmation. Financial institutions authenticate the payer and immediately withdraw funds from the payer’s account and transfer funds to the school’s account the next business day.
The UW-Stout Business Services staff received positive feedback from students and parents who have already used Secure Vault Payments. Students and parents said they liked using SVP because they were able to pay directly from their own bank account, there were no convenience fees charged and they found it easy to make their payment.
In addition to providing students and parents a safe and easy online payment choice, Secure Vault Payments provides UW-Stout guaranteed payments and access to funds the next business day without storing payer financial information. The school expects SVP will reduce resource time and payment processing costs for tuition payments.
UW-Stout implemented Secure Vault Payments quickly and easily through its payment system provider, TouchNet Information Systems, Inc., which was already integrated into the SVP network. This made it possible for UW-Stout to offer SVP with minimal development and resources.
“U.S. Bank is committed to providing merchants and billers with innovative solutions to increase the efficiency of their payment collection and to enhance their customers’ satisfaction,” said Eric Lim, vice president and senior product manager for U.S. Bank Treasury Management. “We believe Secure Vault Payments provides compelling benefits as an online consumer payment option for many other industries including government, utilities and non-profits. We plan on launching Secure Vault Payments with other organizations later this year.”
Secure Vault Payments was developed by NACHA — The Electronic Payments Association in an effort to reduce paper checks and increase use of the ACH Network. The Secure Vault Payments technology that transfers users between the biller’s site and the financial institution’s site is provided by eWise, the exclusive network provider for Secure Vault Payments.
For a list of financial institutions, merchants and billers offering Secure Vault Payments as a consumer online payment option,
About NACHA — The Electronic Payments Association
NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network serves as a safe, secure, reliable network for direct consumer, business, and government payments, and annually facilitates billions of payments such as Direct Deposit and Direct Payment. Utilized by all types of financial institutions, the ACH Network is governed by the NACHA Operating Rules, a set of fair and equitable rules that guide risk management and create certainty for all participants. As a not-for-profit association, NACHA represents nearly 11,000 financial institutions via 17 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to enable innovation that strengthens the industry with creative payment solutions. To learn more, and
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $321 billion in assets as of June 30, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,086 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at


U.S. Bank
Amy Frantti, Corporate Public Relations, 612-303-0733

NFC Forum Initiatives Are Driving the NFC PoS Terminal Market

London, England -- (SBWIRE) -- 09/01/2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global NFC PoS Terminal market is expected to grow at a CAGR of 10.1 percent.

The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the various initiatives undertaken by the NFC Forum.

According to Technavio’s industry analyst, “To ensure a good relationship between vendors, the NFC Forum works with all stakeholders of the NFC ecosystem to promote the standardization of this technology. The Forum plays a vital role in driving adoption of NFC technology by end-users. It does this by ensuring that there is interoperability among the various devices and services, and by spreading awareness.”

The report also highlights that the high cost of NFC PoS terminals is hindering the growth of this market. However, with NFCs fast becoming the preferred mode of payment, this market is expected to keep growing. There is also a trend in this market of vendors offering non-payment applications as value-added services.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global NFC PoS Terminal Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including VeriFone, Ingenico, and Hypercom.

For further information and to obtain your copy of this report, please visit Follow us on Twitter: @technavio for daily updates.

Fidelity National Financial, Inc. to Present at Barclays Capital 2011 Global Financial Services Conference

JACKSONVILLE, Fla.Sept. 2, 2011 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, mortgage services, specialty insurance and diversified services, today announced that it will be presenting at the Barclays Capital 2011 Global Financial Services Conference at 10:30 a.m. ET on Tuesday, September 13, 2011.  A live webcast of the presentation will be available on the FNF Investor Relations website at  
About FNF
Fidelity National Financial, Inc. (NYSE: FNF), is a leading provider of title insurance, mortgage services, specialty insurance and diversified services.  FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title - that collectively issue more title insurance policies than any other title company in the United States.  FNF also provides personal lines insurance and home warranty insurance through its specialty insurance business. In addition, among other operations, FNF owns minority interests in Ceridian Corporation, a leading provider of global human resources, payroll, benefits and payment solutions and Remy International, Inc., a leading designer, manufacturer, remanufacturer, marketer and distributor of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles.  More information about FNF can be found

Online and Mobile Banking in the U.S.

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Online and Mobile Banking in the U.S." report to their offering.
Research IssuesThis study examines consumer usage of online banking, bill payment, and mobile applications and measures the potential for broadening usage of these services. This report involves a United States Survey with 1,000 consumers age 18 or older.
Online banking and bill payment have reached wide usage and are considered by most to be maturing as financial delivery channels. Therefore, many financial institutions are looking beyond acquisition strategies and are now seeking to broaden current usage into other facets of online services such as customer care and account management activities.
Are there opportunities for marketing and cross-selling through this online contact point? To what extent is the online channel being utilized by consumers for handling customer service activities? Where does e-commerce fit in online strategies and what payment options are consumers using for online purchases?
The rapid growth and ongoing development of smartphones continues at a break-neck pace, and there has been a frenzy of activity surrounding mobile banking and payments which allow consumers to perform online financial activities such as balance inquiries, transfers, and loan payments through a mobile phone or other mobile device.
Many financial institutions currently offer mobile banking to their customers and are looking to expand the functionality of this service. As providers delve deeper into online applications and services, do consumer concerns with security and privacy continue to be major barriers to adoption? What types of security measures receive the greatest consumer response? How has adoption of online services impacted other channels? Are users of online banking and mobile banking a single target market or are they separate and distinct segments?
To be successful it is essential for providers to understand the consumer perspective on online and mobile banking in order to broaden usage of these services.

Global Payments Honored for World Class Customer Service


ATLANTASept. 1, 2011 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leader in electronic transaction payment processing, announced today that it is the recipient of the Smart Business Atlanta "Zero Risk Customer Service Award." Global Payments was honored at the magazine's 2011 World Class Customer Service Awards event for providing superior service to its customers. The nomination process included a testimonial submitted by one of the company's largest U.S. customers.
"Global Payments is the perfect example of an organization that recognizes why putting the customer first is critical," said Dustin S. Klein, publisher and executive editor for Smart Business Magazines and Events. "Not only has it developed some of the most sophisticated processes and systems in the industry, but it has done so while mitigating risk for its clients. Because of this, we were honored to recognize Global Payments as our 2011 Zero Risk category winner."
According to Smart Business Atlanta, this award program serves to raise awareness of the importance of customer service in the business world, recognize organizations that demonstrate exceptional customer service and share best practices.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United StatesCanadaEurope and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit for more information about the company and its services.
Media Contact: Amy Corn
Voice 770 829-8389
SOURCE Global Payments Inc.

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