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New Products, Services, and Company News from Bank of America, Discover Financial and others

By Jim Bruene on February 19, 2006 7:02 PM

New products, services, and company news from Bank of America, Discover Financial, The Clearing House Payments Co., and more.

Altiris Inc. says it supports the PCI (Payment Card Industry) data security standard. (Contact: Altiris Inc., 801-805-1131)

Bank of America Global Treasury Services says it has integrated supply chain finance technology and supplier outreach services into its trade payables discounting program, which is outsourced to PrimeRevenue, Inc.(Contact: Bank of America, 314-466-9559)

Better ATM Services says it’s patented a system that lets banks use existing ATMs to dispense prepaid cards to their customers. (Contact: Better ATM Services, 480-296-2033)

Discover Financial Services LLC, is issuing signature debit cards for both individuals and corporations. This follows on the heels of Discover’s agreeing to drop its “no surcharge rule” with merchants who are suing it as part of the interchange-related class action suits being fought in Brooklyn federal court. The move in court basically leaves MasterCard and Visa fighting the interchange suits alone. Separately, Discover signed a deal with BAC International Bank Inc.’s Credomatic International Corp. unit to get Credomatic’s 65,000-plus merchants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama to honor the Discover Card. The initial deal covers tourist destinations, but the partners hope eventually to get Discover honored all through the service region. (Contact: Discover Financial Services, 224-405-5154)

Dynamic Card Solutions says that $216 million Alabama Credit Union will be using DCS' instant issue card system to issue debit cards throughout that state. The credit union had been using the product in a few large markets in that state. (Contact: Dynamic Card Solutions, 303-752-3552)

Everest Software Inc. says that Payment Processing Inc. is incorporating its PayBridge business management software into Payments Processing’s payments platform.(Contact:  Everest Software Inc., 703-234-6640)

Fundtech Ltd. says that Union Bank of California is using FundTech’s webBANKER cash management system, which uses The Clearing House Payments Company’s EPN STP 820 EDI (electronic data interchange) standard. (Contact: Fundtech Corp., 201-215-6555)

GlobalCollect, based in the Netherlands, says it’s been compliant with the PCI (Payment Card Industry) data security standard since November 18, 2005. (Contact: GlobalCollect, 31-23-554-8651)

NetDeposit Inc. says it has a new product line, NDpro Managed Services, a hosted, SAS70 Type II-compliant remote capture, clearing and IRD printing system. (Contact: NetDeposit Inc., 801-273-6079)

Open Solutions Inc. says $250 million 1st Security Bank of Washington is using its core data processing platform. (Contact: Open Solutions Inc., 860-652-3153)

Panini North America says that Aquracy LLC has placed Panini’s My Vision X check scanner at American Chartered Bank, based in Schaumberg, Ill. (Contact: Panini North America, 937-291-2195; Aquracy LLC, 205-290-8105; American Chartered Bank, 847-517-2244)

PayPal says it now has more than 100 million accounts in 55 markets worldwide. (Contact: PayPal, 408-967-1005)

P&H Solutions says it’s incorporated TriCipher Inc.’s authentication products into P&H's Storefront program. (Contact: P&H Solutions, 781-235-3424)

RSA Security Inc. says it has two new authenticators: the RSA SecurID(R) Toolbar Token and the RSA SecurID(R) SID900 Transaction Signing Token. (Contact: RSA Security Inc., 781-515-6303)

Trintech Group PLC says it has a new unit specializing in cash management, reconciliation, and data collection, processing, aggregation and delivery, called On-Demand Solutions. (Contact: Trintech Group PLC, 972-739-1611)

VERO Inc. says it has a marketing deal with Tranax Technologies Inc., to incorporate VERO’s fraud detection system into Tranax’ self-service check cashing kiosks. (Contact: VERO Inc., 503-546-7870)

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