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Latest New Products and Contracts in the Payments Industry

By Jim Bruene on May 14, 2006 12:28 PM | Comments (0)

The latest new products and contracts.

The Canadian Payments Association issued new payment standards for electronic check clearing, part of an industry-wide plan to move the Canadian check-clearing system to an image-based process by December 31, 2006. (Contact: Canadian Payments Association, 678-781-7205)

CheckFree Corp. says it has a new product, the CheckFree Positive Pay Accelerator, a  real-time software module of the CheckFree ARP/SMS product. (Contact: 678-375-1595)

Deluxe Financial Services says it’s now the exclusive provider of checks and related services for BancorpSouth. (Contact: Deluxe Financial Services651-483-7503)

DCI says that Syracuse, Kan.-based Valley State Bank is using a DCI interface that allows the bank to connect to AudioTel’s remote image capture and exchange product. (Contact: DCI, 678-781-7224)

First Data Corp. says Brookfield, Wisc.-based North Shore Bank will be using its STAR ATM network. (Contact: First Data Corp., 303-967-8646)

Fiserv Inc.’s BANKLINK unit says Union Bank of California will be using BANKLINK’s iLINK remote deposit product. Separately, Fiserv’s Credit Processing Services and BillMatrix units are issuing a new product that the company says lets its PLUS System customers use on-demand payment services to manage their credit portfolios. (Contact: BANKLINK, 212-419-3026)

Fundtech Ltd. says that FNB Corp.’s First National unit is live with CASHplus, Fundtech's cash-management system. Separately, Fundtech says four of their payments customers—EverBank Financial, Astoria Federal, Mid State Bank and Trust and Sterling Savings Bank—are adding the PAYplus USA interface to The Bank of New York's international payments service, Global F.A.S.T. Also, Fundtech says it has a new ACH product, OmniPAY, for International ACH, for international ACH operations. (Contact: Fundtech Ltd., 201-946-1100)

Global Cash Access says the San Manuel Indian Bingo and Casino in Highland, Calif., agreed to continue using Global’s products and services. (Contact: Global Cash Access Inc. 702-262-5003)

Global Payments Inc. will be providing merchant-acquiring services to retail and restaurant merchants of Diversified Acquiring Solutions Sales Corp. (Contact: Global Payments Inc., 770-829-8245)

JP Morgan Chase & Co. says that it’s issuing a Visa card for BP North America that features a five percent rebate on BP purchases, two percent rebates on most travel and dining purchases, and one percent on most other card purchases. (Contact: JP Morgan Chase & Co., 302-282-6150)

P&H Solutions says it’s expanding its Enterprise Enrollments product adding a small business front end that allows them to enroll in the Web Cash Manager Suite. (Contact: P&H Solutions, 781-235-3424)

SVPCO - Electronic Clearing Services,says that BB&T is now exchanging and settling check images through the SVPCO Image Payments Network. (Contact: SVPCO, 917-576-0957)

Tier Technologies Inc.’s Official Payments Corp. unit says the Minnesota Association of County Auditors, Treasurers and Finance Officers (MACATFO) recently launched a Tier-built, online portal Minnesotans can use to make electronic property tax payments. (Contact: Official Payments Corp. 571-382-1048)

Washington Mutual Inc. launched WaMu Free Checking, which features 100% online approval and opening. The offering includes: free ATM cash withdrawals; free checks for life; one free OD/NSF fee per year; a free gold debit MasterCard with rewards; free outgoing wire transfers; free ID theft services; and free e-alerts on account events. (Contact: WaMu, 212-326-6075)

Wausau Financial Systems says First Data Corp.’s REMITCO unit is using Wausau’s ImageRPS product for remittance processing at REMITCO’s lockbox operations. (Contact: Wausau Financial Systems, 715-241-4616)

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