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News & Commentary
Content tagged with Payments posted in August 2007
Central National Bank Finds Growth Opportunities In Prepaid Card Space
News  |  8/21/2007
Deal with Postilion enables CNB to issue and process prepaid cards for other banks, retailers. By Maria Bruno-Britz, Bank Systems & TTechnology
Fiserv Acquisition of Checkfree Expands its Core Offering
News  |  8/17/2007
The recent deal between Fiserv and CheckFree changes the core systems and online payment landscape.
NACHA Issues Ruling On International ACH Transmission Format
News  |  8/16/2007
By Maria Bruno-Britz, Bank Systems & Technology The world of payments just got a tad less confusing, thanks to NACHA, the Herdon, Va.-based payments organization. Effective March 20, 2009, all international payments made via the ACH Network will be identified as International ACH Transactions using a new Standard Entry Class (SEC) Code-IAT. The new rule will also require that IAT payments include specific data elements defined by the Bank Secr
BRIEF: Purzycki Named Barclay's US Card COO
News  |  8/14/2007
Joe Purzycki was appointed chief operating officer for Barclay's U.S. credit card business (Wilmington, Del.). Purzycki is responsible for all operational aspects of the business, including customer support, collections and technology.As the COO, Purzycki will lead efforts to drive bank-wide efficiency, innovate with new technologies, improve the customer experience and provide foundational support fo
Bank Execs Discuss ATM Technology Developments
News  |  8/8/2007
ATMs Technology developments and functionality enhancements, as well as emerging global economies, offer opportunities for ATM advancement.
Remote Deposit Capture Rollouts Not Very Numerous
News  |  8/8/2007
RDC initiatives are more conservative than originally thought.
Deutsche Bank’s Harold Young Predicts SEPA Opportunities
News  |  8/8/2007
Single Euro Payments Area, or SEPA, will open new doors to differentiation and payments standards for banks.
Merchants Getting the Hint with Visa's Aggressive PCI Push
News  |  8/3/2007
By Maria Bruno-Britz, Bank Systems & Technology After getting hammered by consumers and legislators alike over last year's data breaches and the apparent cavalier attitude some merchants took toward securing card data, merchants are starting to get the hint. According to Visa (San Francisco) 96 percent of large businesses that accept Visa for payment are not storing sensitive account data, such as PINs and security codes.
Fiserv's Acquisition of CheckFree Is the Latest Big Deal in a Realigning Bank Technology Industry
News  |  8/2/2007
It's not often that I open up my email in-box and my first thought is, "Wow" -- but that was my reaction this morning when I saw the announcement that Fiserv is buying CheckFree in an all-cash transaction valued at approximately $4.4 billion. These big deals always come as something of a surprise, even when there's been speculation about the status or future of the players.

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