NORTH CANTON, Ohio (8/28/13)--Diebold Inc.'s Agilis 3 automated teller machine (ATM) software, released Tuesday, has been certified by many of the industry's network processors nationwide, including First Data, Elan Financial Services, Fiserv, NetWorks and Vantiv.
Diebold is a CUNA Strategic Services provider.
The open architecture design of the Agilis 3 software application reduces the time and cost of implementing advanced functionality, such as branding elements, text messaging and e-mail alerts, receipts through a mobile device and customized preference settings, into the ATM channel, Diebold said.
"In today's environment, it is imperative that banking channels operate synergistically," said Mychal D. Kempt, Diebold vice president, North America operations. "The open architecture design of Agilis 3 enables an ATM to communicate with other banking channels such as mobile." The enhancements will "help our customers stay in tune with consumer technology and best utilize their self-service channel."
With Agilis 3, financial institutions also can align their ATM fleet with changes that will impact the self-service channel, including terminal software migration to Windows 7, Europay, MasterCard and Visa compliance; payment card industry guidelines; and Americans with Disabilities Act regulations.
MONETT, Mo. (8/28/13)--JHA Payment Processing Solutions, a division of Jack Henry and Associates, has launched an expedited Europay MasterCard Visa (EMV) implementation process for U.S. chip card issuance.
Because some chip card implementations may require direct project involvement by card brands, creating potential scheduling bottlenecks, Visa provides a streamlined EMV implementation path for select chip card profiles. PPS is the first processor to make such a program available to its financial institution clients, Visa said.
"Everyone's eyes are on EMV right now and it is only a matter of when for U.S. financial institutions that have yet to adopt the cards," said John Postle PPS general manager.
Through the expedited process, PPS can reduce financial institutions' implementation costs, testing requirements and overall timeframes. Its process for certain chip card profiles can be as simple as for non-chip products; no host-to-host testing is necessary and card validation is optional, the company said.
To qualify for the streamlined process, a processor must have successfully completed a prior U.S. chip issuance project with Visa and meet other eligibility requirements. PPS allows credit unions and banks to consolidate card processing services with a single point of contact for settlements, adjustments and reconciliations.
RANCHO CUCAMONGA, Calif. (8/28/13)--CO-OP Financial Services announced Tuesday that it will become a minority owner of Finivation, which will strengthen an existing technical partnership for Web and mobile application development and middleware that connect hosts and acquirers for emerging CO-OP products.
"CO-OP is investing in the latest solutions and technologies that make it more convenient for members to do business with their credit unions," said Stan Hollen, president/CEO of CO-OP Financial Services. "Developing digital payment channels is essential in today's market. With Finivation, we can continue to leverage our own technology to rapidly innovate to serve credit unions.
"Finivation is deeply committed to the needs of the credit union movement as it already counts many large credit unions as clients and through its work with the CUNA Technology Council," said Hollen.
The New York City-based Finivation played a key role in the development of the Credit Union Financial Exchange (CUFX), an open standard for efficient systems integration in the credit union ecosystem. Launched by the CUNA Technology Council in early 2012, the goal of CUFX is to reduce the time required for systems integration so credit unions can quickly launch new solutions for their members.
CO-OP has long established payments standards for financial transactions switching and settlement in both ATM/point of sale and shared branching. CO-OP intends to fully support CUFX for information exchange.
Finivation's primary role in CO-OP product development will continue to be maximizing efficient connectivity to support emerging product lines and building adaptive applications that serve CO-OP's credit unions and their members. Finivation and CO-OP also will work together to build a middleware solution that will serve technology providers, payment processors and credit unions.
"We have worked essentially as an internal partner in conjunction with CO-OP's highly innovative product development team, so welcoming CO-OP into our ownership is a natural extension of the existing relationship," said Finivation CEOBrian Bodell.
"In addition to CO-OP products, Finivation will serve our current clients and partners and, with CO-OP's support, we plan to expand our presence assisting credit unions, other financial institutions and technology providers," said Bodell.
The companies did not disclose the specific terms of CO-OP's minority ownership of Finivation.