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June 06, 2006

Deloitte's Global Financial Services Industry Outlook

Deloitte has posted a new Global Financial Services Industry Outlook (PDF) that explores the world of financial services in 2010. An accompanying 15 minute podcast (MP3) by Jack Ribeiro, Global Managing Partner for Deloitte’s Financial Services Industry practice, is also available online.

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On the Road to Payment System Convergence: Where Are We?

Glenbrook's Jim Salters shares a perspective on the reality of payments convergence based upon his recent discussions with senior executives from CheckFree and ACI Worldwide.

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NWP Services, CheckFree Service For Multi-Housing Industry

NWP Services Corporation and CheckFree have announced a new resident payment solution, branded as aBreeze, combining NWP's multi-housing billing services capabilities with CheckFree's payment processing expertise to provide residents with a flexible variety of payment options for rent, utilities and other resident fee balances.

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CyberSource Protects Against Payment Data Theft

CyberSource has announced the launch of a new service enabling eCommerce merchants to process electronic payments without the risk of storing or even handling sensitive account information. With CyberSource's Payment Data Management, CyberSource, not the merchant, manages sensitive customer information such as credit card numbers and related transaction data. CyberSource handles and stores all payment data on behalf of the merchant in security-certified processing centers that connect directly with the banking network. As a result, consumer payment information is safer, merchant risk decreases, and merchant compliance with card association security rules can become simpler and faster.

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Merchant ISO Offers Free Contactless POS To New Merchants

Acies Corporation has announced the launch of a month-long national marketing campaign to promote widespread adoption of the latest innovation and convenience in payment processing - contactless transaction technology. During the month of June, Acies is offering retailers the opportunity to participate in a special promotional initiative where retailers will receive free placement of state-of-the-art point of sale equipment, including a state-of-the-art ViVOtech 4000 contactless reader.

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A Look At Target's Credit Card Business

Thomas Lee of the Minneapolis Star Tribune writes about Target's credit card business which contributed 18.2 percent, or $162 million, of Target's first-quarter earnings before taxes.

A Look At Gift Card Malls

John Lofstock writes for Convenience Store Decisions about "gift card malls" - the term used in the industry referring to a designated display of retailer gift cards - enabled by providers including Safeway's Blackhawk Network, InComm and CoinStar EPayment Services. Lofstock reports that Blackhawk is in 38,000 stores nationwide, including Safeway, Wawa, Circle K, Petro-Canada and Chevron.

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PayFlex Selects First Data for Healthcare Processing Services

PayFlex Systems USA has selected and completed integration with First Data Healthcare Services. First Data will serve as PayFlex's provider of processing services for its suite of healthcare accounts.

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Phone, Web Based Bill Pay Service For Prepaid Debit Cards

TranSend and Aliaswire have announced they will offer Aliaswire's multi-interface bill payment services to all of TranSend's Axcess America cardholder base, enabling universal bill payment capability via voice, wireless, and web channels for the prepaid marketplace.

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PIN-Debit Payment Option for Online Purchases

Pay By Touch has introduced what it says is "the industry's first software-only PIN-debit payment service, offered via its ATM Direct division."

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