Nintendo Brings Back Popular Gaming System

PYMNTS

Bringing a popular classic gaming system back to market, Nintendo said that its NES Classic will be available for sale again this summer. This system and the #SNESClassic Edition system are expected to be available through the end of the year.”. Though the company had said that SNES would not be available after 2017, it was a surprise hit: The company said it sold more SNES systems on launch day than it did of NES systems throughout all of 2017.

System 126

Kalanick Joins City Storage Systems As CEO

PYMNTS

Travis Kalanick, the ex-Uber chief executive, has found a new job leading City Storage Systems, a startup that repurposes distressed real estates such as parking lots and strip malls. In addition to focusing on repurposing real estate assets in the food delivery and retail areas, Kalanick said City Storage Systems would work with the parking and industrial assets as well. Startups City Storage Systems News real estate startups Travis Kalanick Uber What's Hot

System 109

National Business Systems VP: For Some SMBs, It’s Still Wait-And-See On EMV

PYMNTS

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Security & Fraud Credit Card Security EMV Featured News integrated payments national business systems News payments security POSAfter nearly three years, the transition to EMV in the United States still has its challenges.

System 152

Nordstrom Transitions POS System To The Cloud

PYMNTS

While some retailers may plan to partner with technology vendors to help benefit various facets of their physical stores, there’s a growing need to transform retail point-of-sale (POS) systems to compete with the eCommerce arena. It announced this week the decision to move its POS system to the cloud via a partnership with Infor. It will connect its back-office systems with commerce platforms that help analyze various pieces of data to help boost overall company performance.

System 146

Mastercard Launches Early Detection Fraud Fighting System

PYMNTS

As of today, Mastercard is releasing one — it announced its new Early Fraud Detection System. With the system, issuers can now receive advance alerts about cards and accounts that are facing a higher risk of fraud due to involvement or exposure in an earlier data breach.

System 192

Through New Oracle Partnership, Baton Systems is Bringing the Cloud, APIs, DLT to Banks

Bank Innovation

EXCLUSIVE—The legacy infrastructure of most banks leaves something to be desired, and payments technology provider Baton Systems wants to use the cloud, APIs, and distributed ledger technology to help.

System 146

Bluefin Payment Systems Gets Two Patents

PYMNTS

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced Tuesday (Jan. In a press release, Bluefin Payment Systems said the patents cover the systems and methods for decryption as a service via a message queuing protocol and systems and methods for decryption as a service (DaaS) via configuration of read only databases.

System 144

Is it Time to Upgrade Your Loan Origination System?

CU Direct

La Capitol Federal Credit Union operated on a Loan Origination System (LOS) that was time-consuming, expensive, and inefficient in managing day-to-day tasks, such as emailing documents to members or the flexibility to change rules without an added fee. Lending Loan Origination Systems

System 189

Leveraging a Digital Lending System to Help Drive Indirect Auto Loans

CU Direct

Read more » The post Leveraging a Digital Lending System to Help Drive Indirect Auto Loans appeared first on CU Direct Blog. Auto Lending Indirect Lending digital lending system indirect auto loans indirect channel indirect financing indirect lending loan originations look-to-book

System 138

Visa Upgrades Systems To Support 3D-Secure 2.0

PYMNTS

As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0, Visa said it will keep in place current rules for merchant-attempted transactions using 3-D Secure until the beginning of April 2019 to give merchants and issuers time to pilot and test the system.

System 207

The complex impact of fintech and legacy systems on banking

Insights on Business

Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. After reading Gardner’s article, I decided to tap into some of the fintech experts I’ve engaged with and see what their thoughts are on legacy systems and fintech as threats to banking.

System 285

China Appoints Reformer To Tackle Financial System

PYMNTS

According to a report in The New York Times , which cited the Chinese commercial news media, Guo, who has a reputation as an economic reformer, will be tasked with fixing China’s debt-ridden banking system. The NYT noted his appointment is a signal that the country, which has the second largest economy in the world, is serious about overhauling the financial system. Bank Regulation china China Banking Regulatory Commission economy financial system What's Hot

System 126

Commander In Chief: Mitek Systems’ CEO Innovation Download

PYMNTS

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. CEO Series AML artificial intelligence biometrics CEO SERIES Commander in Chief compliance Featured News fraud identity verification Innovation IoT James DeBello KYC machine learning Mitek Systems mobile Mobile Payments News payments regulations Security Smartphones tech industry Technology

System 162

Another Kmart Breach Strikes PoS Systems

PYMNTS

News Retail breach Cybersecurity hack hacker Kmart MPOS point of sale POS systems Sears shopping What's HotKmart has been having a rough time. Over the years, the retailer has seen its ups and downs, and late last year we reported the big box retailer closed 68 of its stores across the U.S. For the second time in the past few years, there has been a new malware-based security breach occurring directly from Kmart’s point-of-sale devices.

System 122

New UK Payment Systems CEO Named

PYMNTS

economy’s new payment system operator announced news on Wednesday (Sept. In a press release, the new payment system, which involves the consolidation of three payment schemes, said Horlock worked in the banking sector for more than 15 years and will take up his new role starting Oct. The payment systems in the U.K. As a single entity, the new payment system operator will build on the existing payment schemes for the benefit of the U.K. The U.K.

System 100

Bank Of England COO Joins New Payment System Operator

PYMNTS

s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem. The NPSO will consolidate the nation’s various payment schemes and lead the rollout of the New Payments Architecture, an initiative outlined by the Payment Systems Regulator’s Payments Strategy Forum.

’Tis The Season … For POS System Attacks?

PYMNTS

This year, they have their eyes on the point-of-sale (POS) system prize. Carolyn Crandall, CMO of Attivo Networks , joined this week’s Hacker Tracker to share the vulnerabilities impacting POS systems and discuss whether massive data breaches are on the horizon in the months ahead. It’s the most wonderful time of the year… especially if you’re a hacker.

System 206

Mist Systems Makes Wireless For Smart Device Era

PYMNTS

Silicon Valley tech startup Mist Systems is pioneering smart wireless networking for the smart device era. Since its founding in 2014, Mist Systems has worked to bring its Mist Intelligent Wireless Cloud and Enterprise-Grade Access Points to corporations across multiple sectors including retail, hospitality, health care, education and more. Wireless isn’t new, but we’re in a new era of how consumers use it,” said Jeff Aaron, vice president of marketing at Mist Systems. “It’s

System 163

Baton Systems Wins DEMOvation Challenge at Bank Innovation 2018

Bank Innovation

EXCLUSIVE—Distributed ledger platform Baton Systems took home the prize for Bank Innovation’s 2018 DEMOvation challenge this week, beating out ten other companies presenting demos at this year’s conference.

Hackers Target Marijuana Sales System

PYMNTS

According to reports in the BostonGlobe, it seems some cybercriminals have encouraged others to just say no to drugs by targeting the systems of MJ Freeway, a backend system that tracks sales and inventory and helps pot dispensaries keep their regulatory paperwork in order. Harsher, though, is trying to run a dispensary with the sales system down — as the state’s legal cannabis dealers have been operating without for a week.

System 136

Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

To enable mobile payments, the Washington Metropolitan Area Transit Authority (WMATA) is working with its fare payment vendor to upgrade its payment capabilities. WMATA seeks to be “mobile ready” by 2019, the agency said in a statement. Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Wiedefeld said in a statement.

Metro 164

Payment Data Systems Announces Intent To Acquire Singular Payments

PYMNTS

Payment Data Systems (PDS), an integrated electronic payment solutions provider, announced that it is in the process of acquiring Singular Payments LLC. I believe this important acquisition will quickly accelerate the growth potential of our company and broaden our revenue streams,” said Louis Hoch, president and CEO of Payment Data Systems. “We Partnerships / Acquisitions letter of intent Payment Data Systems payment processing pds Singular Payments What's Hot

System 139

BAE Systems Displays Wearable For The Military

PYMNTS

A new wearable is about to be produced by BAE Systems, according to a press release. The BAE Systems’ Broadsword Spine integrates network technology in a wearable for the military and emergency services. According to Paul Burke, director of defense information and technology at BAE Systems Military Air and Information: “Broadsword Spine will deliver a lightweight, cable-free and better alternative to existing systems.

System 181

Google Announces Wearable System For Android And iPhone Users

PYMNTS

Google announced that it is launching a “wearables operating system for everyone” that will work for both Android and iPhone users. Android Wear was founded on the belief that wearable technology should be for everyone, no matter what style you wear on your wrist or what phone you have in your pocket,” wrote Dennis Troper, Director of Product Management, Wear OS by Google, in a blog post.

Google 147

Hackers Stole $6M from a Russian Bank, Through SWIFT Payment System, Russia Central Bank Says

Bank Innovation

An unknown hacker or hackers stole $6 million from a Russian bank in 2017 through the SWIFT international payments system, the Russian central bank said according a report by Reuters today.

System 175

Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

Airline Industry And Deutsche Bank To Roll Out Electronic Payment System

PYMNTS

The airline industry, in conjunction with Deutsche Bank, is trying to challenge credit card companies with a new digital payment system to purchase plane tickets. According to a report in the Financial Times , the real-time electronic payment system is being designed to save the airline carriers billions of euros in transaction fees. The payment systems, which will enable travelers to purchase web-based tickets, will be rolled out in Europe starting toward the end of this year.

System 146

Core system contract tips

ABA Community Banking

Negotiator offers community banks tips on avoiding costly contract “gotchas” Duties Technology Core Systems. 1Technology

Forget legacy systems; what about legacy vendors?

Chris Skinner

I’m always blogging about replacing core systems, open source the bank, change the leadership to one that gets it and just do it. Not gonna name names, but I’ve had a few really fun discussions with banks in … The post Forget legacy systems; what about legacy vendors? I’m saying it so much that I’m finding myself boring. So let’s change tack. Who’s the vendor?

System 210

Norwegian Banks Come Together to Form Unified Payments System

Bank Innovation

DNB, banking group Eika, Sparebank 1 Gruppen and others will merge their respective payment systems Vipps (mobile payment app), […]. Norwegian banks are coming together to merge their payments.

System 151

Connecting The Dots To A Modernized Payments System

PYMNTS

The country has been on the forefront of faster payments for years, and Peter Maoloni, AVP of online products and platforms at Interac Association/Acxsys Corporation ( INTERAC ), joined PYMNTS to share the digital payments pioneer’s principles of a modernized payments system.

System 208

Evaluating Single vs. Dual Rating Systems

Sageworks

When a lending institution establishes its risk rating system it has to decide whether it will require analysts to risk rate the borrower or the loan -- or both. Said another way, it has to decide between a single or dual rating system. On one hand, a single rating system is simple. A dual rating system has one rating that captures the overall creditworthiness of the borrower and a second at the facility level.

System 109

NEW REPORT: Upgrade Payment Systems, Build Stronger Communities?

PYMNTS

Updated online systems to reduce paperwork? Beyond restaurants and waste management providers, the quarter trillion dollar recreation market is getting upgrades to its payment systems, plus some additional help to reduce paperwork. Sunscreen? Check. Bug spray? Check.

System 202

Transactive Systems receives FCA e-money licence

The Paypers

(The Paypers) Transactive Systems , an international instant payments provider, has been authorised by the Financial Conduct Authority as an Electronic Money Institution to issue e-money

Why Danske Bank is Working with Other Nordic Banks for a Unified Payments System

Bank Innovation

That’s why there is a need for a unified payments system in the region, Claus Bunkenborg, senior vice president of personal […].

System 187

Mastercard Targets Federal Payment Fraud With Oversight Systems

PYMNTS

Mastercard is teaming up with Oversight Systems to help government agencies detect payment fraud, according to a new announcement. 25) that it will collaborate with Oversight Systems to offer government agencies their collective data analytics and fraud detection solutions. In another statement, Oversight Systems CEO Patrick Taylor said Mastercard was an obvious choice when it came to deciding how to deliver its payments and expense analytics solutions to government agencies.

System 116

Australian Small Business Retirement Payments Stuck By System Glitch

PYMNTS

Small businesses in Australia were hit by a system glitch affecting superannuation payment processing, according to reports in SmartCompany on Monday (April 23). he told the publication, noting that, while nothing has been confirmed, it appears the government did not adequately test the new system before rolling it out. “It’s

System 109

IBM playing key role in Canadian summit to modernize payment systems

Insights on Business

This session will discuss how to simplify payment processes and systems, detect fraudulent transactions & money laundering investigations, and how blockchain technology can benefit one more industry and find another application in the real world.

System 151

R3, Global Banks Create Blockchain-Based System for International Payments

Bank Innovation

The R3 blockchain consortium, along with 22 of the top banks around the world, has created a new international payments system for banking. The system, which is based on blockchain, enables banks to transact “all existing central bank currencies,” according to a report by Reuters.

System 130

Core systems should have built-in obsolescence

Chris Skinner

There is no need to build … The post Core systems should have built-in obsolescence appeared first on Chris Skinner's blog. Talking about moving from proprietary to open, from controlled to marketplace and from internal to external focus, another key change is the very nature of technology itself. It’s quite clear that a start-up today could launch with just a few thousand dollars, Amazon Web Services and a bright idea.

System 209