“TranzAxis is a specialist, integrated open development banking platform (ODBP) created for the development and support of cards and payments, transaction switching, retail banking and other systems and applications in the domain linked to the automation of retail banking activities. It offers the user a full set of application development tools (builders, designers, editors, debuggers etc.), as well as a set of specialist components that may be required in implementing diverse applications in the given domain.Unlike traditional application systems, TranzAxis can be used to build all-scale systems made up of closely integrated, yet independently developed applications.”
Author: Julie Muhn (@julieschicktanz)
The Currency Cloud Demos Connect API
“The TCC Connect API provides transaction-based businesses with easy and flexible access to The Currency Cloud FX conversion and international payments platform.
The TCC Connect API can be plugged into existing technology within the customer’s business for efficient and lower cost conversion and payments, or can be used as the basis to deliver new international payments apps and services to market.
The TCC Connect API enables full straight through processing (STP) across your own business and the payments lifecycle, automating previously manual processes to reduce operational risk, improve efficiency and monitoring and give you more control.”
MasterCard and Linkable Networks Showed How They Can Make it Easy for Banks to Implement Card-Linked Offers
“MasterCard and Linkable Networks will demo the industry-first capability of enabling any MasterCard-issuing bank to present a comprehensive card-linked offer platform to their cardholders with no technical integration, allowing for these issuers to participate in this burgeoning market with no strain on internal technical and financial resources, as well as an ability to launch the capability in days, not months or years.”
Handpoint Launches Hybrid Dongle Solution That Reads Both Payment Chips and Magstripes
Next, Handpoint showed how its hybrid dongle can work both as a magstripe and chip & PIN reader:
“The U.S. is moving to EMV (Chip & PIN) no later than 2015 with a push from VISA and MasterCard, meaning the biggest overhaul of payment infrastructure since the introduction of the plastic card.Handpoint is presenting a mobile payments platform for developers. It is simple and secure and allows developers to easily add EMV payments to their applications and even get paid for transactions made through their apps. The platform can also be white labeled to larger partners, for example, acquirers and MNOs, so they can offer mobile POS solutions under their brand.The platform erases all PCI issues, even for the largest merchants, by using state of the art security measures including point-to-point encryption.”
Carta Worldwide Demonstrates its Turn-key NFC payments Solution
“Carta-Connect for Mobile is a turn-key product for issuers and MNOs that brings NFC mobile payments to market with a rapid and low-cost deployment model. Utilizing a virtual account instantly personalized to the mobile phone, consumers can access immediate spending power with any NFC-enabled handset. This introduces a simple and convenient experience for consumer adoption, while limiting exposure of personal banking information.By leveraging underlying technology in place, Carta reduces setup and deployment cost for NFC projects, and minimizes the need to update core systems. Offered as an end-to-end product, or compatible with existing m-wallet applications, the uniquely flexible solution represents a key step in the mass-market adoption of NFC mobile payments.”
Finovera Debuts Bill Management Solution
“The average American household is overwhelmed by more than 20 service provider relationships that require managing dozens of web accounts and passwords. Families are busy, and it’s very easy to miss deadlines and due dates, incur finance charges and hurt your credit rating. Despite the widespread availability of paperless bills, statements and many documents, digitization of household information management has still not taken off – primarily because there hasn’t been any service that was effortless and convenient.
Finovera does all of the work for busy families. Our mission is to bring order to this chaos by automatically downloading and organizing bills and financial statements every month in a secure digital filing cabinet. Using mobile cameras or scanners, consumers can store documents in the cloud. The service reminds users when bills are due, and a one-click ‘Pay Now’ button automatically logs them in to their online accounts on external websites so bills can be paid quickly and conveniently.”
Ignite Sales Launches a Tool to Help FIs Up-Sell and Cross-Sell Products
“Ignite Sales is launching the world’s first Bank Product Concierge which will change the way retail banks are able to sell financial products consistently to consumers and manage their branch network.
The solution is turning bank branches, call centers and websites into account opening machines, helping them easily and cost effectively reach their customers to up-sell and cross-sell products. The Concierge Analytics Dashboard, the first in the industry, provides the only way for bank executives to determine what products should be sold based on Eligibility Data.”
Billhighway Launches Mobile Fundraising App
“Billhighway Give is the best mobile fundraising app on the planet…do more good, faster.
Designed specifically for donor-based nonprofits, Give provides a better way to collect donations.Additionally, Give includes a number of innovations specifically developed for NPOs recognizing their unique needs such as branding, campaign tracking and motivational tools.”
PlayMoolah Fuels Customer Engagement Through Financial Literacy
“With a fun online platform that brings families together, PlayMoolah offers a great way for financial institutions to plug in and improve online customer engagement, account activity, and life-time value of their family customer segments, all while bringing financial literacy to kids around the world.”
Waspit Launches Social Banking for Students
“Waspit’s new platform combines the most innovative payment capabilities students now expect from an FDIC insured account (including mobile payments) with their emerging social media habits.
By syncing Waspit with any of the major social media platforms, users can easily exchange money with friends, benefit from auto-Foursquare and Facebook check-in, and post reviews that create conversation around venues they and their friends have made purchases at – particularly about those good venues and those to avoid. Users are rewarded with points each time they make a purchase, post reviews or introduce friends. Points can be redeemed for gift cards from retailers like Amazon.”
Internet Biometric Security Systems Launches Genesis Enterprise Edition
“IBSS is launching its Genesis Enterprise Edition, representing an advanced, affordable, real-time human identification technology for online financial service transactions.
- Factor 1: Real- time legal identification of end-user personal information.
- Factor 2: Coupled real-time biometric facial authentication.
- Factor 3: Coupled real-time speaker authentication.
- Factor 4: Coupled real-time session biometric monitoring of each online financial transaction event, supported with a scalable biometrically authenticated timeline audit log record.
IBSS’s technology is a full perimeter online access security solution that provides superior end-user identification of the actual banking customer, as well as the actual online financial services representative used in the collaborative sharing of confidential financial information through a common group shared database. IBSS’s superior identification improves bank security for both online consumer transaction activity identification, and equally promotes a higher degree of consumer trust of online bank employee identification integrity by using the same biometric identification standards used by their own customers.”
LearnVest Launches Certified Financial Planner and Mobile App
“LearnVest is uniting the Money Center with our unique financial planning platform. We believe that financial plans should be dynamic guides that are central to your everyday decision-making.
There are two key additions: First, premium members can now share a view of their Money Center with their LearnVest planner. This allows the planner seamless access to their clients’ most current financial profiles. Second, LearnVest is introducing a Priorities feature that allows members to set goals (such as debt repayment) and track their progress against them.”