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ATM Industry News

VERSAPAK APPOINT ALIN IOANES AS NEW GROUP MANAGING DIRECTOR


The Versapak Board of Directors are delighted to announce that Alin Ioanes, Company Director for Versapak Romania has formally taken the position of Versapak Group Managing Director effective from 1st September 2017.  With 20 years of experience in the industry, he has held a number of senior leadership roles since joining Versapak in 2004. Alin began his career with Versapak as General Manager of Versapak Romania. He was responsible for the radical transformation of the business and for driving sustainable growth.  Alin also introduced new technology in our production facility and put the business on a strong footing in central and eastern Europe.  His appointment now to Group Managing Director will enable the business to thrive under his leadership as he oversees and develops all Versapak product divisions and sales sectors.

Ian Denny Anderson, Chairman of the Versapak Group Ltd says “Alin has worked diligently with the Versapak Group for many years, and in the latter years he has overseen the whole Group in an exceptional way.  We wish Alin the very best and look forward to seeing some great achievements in our evolving business.”

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SPIE FLEISCHHAUER and Axis Communications invite planners and installers to an expert forum


Update security technology: IP video from practice for practice

SPIE Fleischhauer GmbH is organizing a planner forum on video security, in cooperation with Axis Communications, for security consultants, planning and engineering firms on 9 November. In addition to theoretical information such as current standards and guidelines, practical applications are also the focus.

What standards should be observed in video? How can the different solutions be applied in practice? What is the purpose of data protection? The planner forum on 9th November 2017 in Hannover answers all these questions and gives the participants the most important aspects in the field of safety engineering. In the half-day event (07:45 – 11:45 hrs) information about the DIN EN 62676 will be delivered, practical examples will be shown and in addition to the current legal situation regarding data protection,

“Hands-on” means the presentation of various scenarios, for example the bandwidth depending on lighting, resolution and image per second. Other topics are the identification of persons or the correct resolution. A representative of the PS store in Einbeck is also invited to the final panel discussion. The museum recently realized a comprehensive security system consisting of a co-ordinated audio, video and software solution. 

The event is tailored to security consultants as well as planning and engineering offices and is limited in number of participants.

 




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FIS and Citi Enable Real-time Payments for Corporate Treasury Customers


JACKSONVILLE, Fla. and NEW YORK, Oct. 16, 2017FIS (NYSE: FIS), a global leader in financial services technology, and Citi Treasury and Trade Solutions announced today that they are collaborating to enable real-time payments and cash management for their corporate treasury customers.

Using the CitiConnect® application programming interfaces (APIs), FIS has connected its Trax corporate payment factory to the suite of Citi Treasury and Trade Solutions – enabling seamless integration with Citi’s core treasury management functionality, including payment initiation, transaction status inquiry and balance inquiry.

Key facts

  • FIS connects its Trax corporate payment factory to the Citi Treasury and Trade Solutions system using Citi open application programming interfaces.
  • The connection allows corporate treasury departments of FIS and Citi to manage transaction flows in real-time, increasing cash management and visibility.
  • The collaboration also helps corporate customers to be better prepared for forthcoming open banking and cross-border requirements.

The connection allows mutual clients of FIS and Citi Treasury and Trade Solutions to execute, manage, monitor and report on their transaction flows in real-time, increasing cash management and visibility. The initiative also enables corporate customers of FIS and Citi to be better prepared for forthcoming open banking and cross-border payments requirements.

“This breakthrough collaboration between FIS and Citi allows businesses to transform their treasury and accounts payable departments and create a modern, real-time system for cash management,” said Anthony Jabbour, Chief Operating Officer of Banking & Payments for FIS. “Using the power of open application programming interfaces, FIS and Citi are delivering on the promise of faster payments for our customers around the world.”

“At Citi, we are committed to providing clients with omni-channel experiences by seamlessly embedding our solutions into our clients’ existing treasury applications, making it easier to do business. This joint partnership combines the strengths of CitiConnect API with FIS services to enable real-time banking and decision making,” stated Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi. “We are extremely pleased to demonstrate how treasury can leverage API functionality to effectively manage their transaction banking activity directly from their own trusted applications, whether on a tablet, mobile device or laptop.”

“The CitiConnect API is progressing the client experience by further embedding into treasury workstations, proving API technology will transform how financial services are going to be both consumed and provided. This exciting initiative by Citi and FIS is an excellent example of collaboration between different providers, and of how APIs aren’t just a promise for the future – they are being used today to solve real-world customer problems,” said Patricia Hines, senior analyst at Celent. “As the industry moves steadily toward real-time payments, we expect to see more initiatives like this one in the months ahead.”

The FIS Trax payment factory provides corporate treasury functions with a highly secure platform for consolidating and standardizing their accounts payments workflow, while meeting audit and reporting requirements.

CitiConnect® is Citi’s industry leading connectivity platform, and is part of the omni-channel digital banking product suite that also includes CitiDirect BE®, CitiDirect BE® Mobile and CitiDirect BE® Tablet.

 


About FIS

FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

The FIS Trax solution was recognized as “Best Accounts Payable Solution” by Global Finance in March 2017 and won the 2017 Treasury Management International Award for Innovation & Excellence in Treasury Management for Best Accounts Payable Solution.

Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).

Forward-Looking Statements

This press release may contain statements, estimates or projections that constitute “forward-looking statements” pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from FIS’ historical experience and our present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental and conversion delays or disruptions inherent with new software products, technology and outsourcing solutions, results of new solutions or collaborations with third parties, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions, and other risks detailed in our filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FIS undertakes no obligation to publicly update or revise any forward-looking statements


About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Citi Treasury and Trade Solutions (TTS) enables its clients’ success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry’s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry’s most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.


Media contacts:

FIS:

Kim Snider, +1.904.438.6278
kim.snider@fisglobal.com

Citi:

Nina Das, 212 816 9267
nina.das@citi.com



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Diebold Nixdorf’s International Management Seminar Lights The Way To Transformation Strategies In Retail Banking


AMSTERDAM – “Transformation Strategies in Retail Banking – Bridging the Physical and Digital Worlds”: This is the title of the 30th International Management Seminar, which will take place from Oct. 11-13 in Amsterdam, hosted by Diebold Nixdorf (NYSE: DBD), a world leader in driving connected commerce. Approximately 200 banking industry managers and decision-makers from more than 35 countries will discuss how retail banks can transform their business to the dynamic demands of consumers in an increasingly digital world.

“Digitalization is the key driver of our time. It leads to accelerated change,” said Andy W. Mattes, Diebold Nixdorf president and CEO. “So it’s even more important to pursue an exchange of ideas and experiences to get insights into best practices. The International Management Seminar is an ideal platform for this.”   

A project in the Netherlands illustrates the added value that Diebold Nixdorf can contribute to partnerships with its Managed Services. Some of the country’s leading banks have outsourced their entire cash management to a subsidiary called Geldservice Nederland (GSN). Not only has Diebold Nixdorf been commissioned with providing maintenance for some 3,500 cash points; the company also provides Managed Services taking care of the systems’ cash supply using its own CiT resources.

“Managed Services like these allow us to manage the long tail of cash and expand our position as the leading provider of service-oriented, software-based solutions,” said Christian Weisser, Diebold Nixdorf senior vice president and managing director, EMEA. “At the same time, they enable us to reduce costs for banks and give them the freedom they need to concentrate on their core business.”

An example on how to improve the customer experience and to bridge the physical and digital world is a project with Air Bank from the Czech Republic, during which Diebold Nixdorf installed an ATM solution that provides for an improved customer experience. The ATM allows customers to withdraw cash without having to insert a card in the card reader. Instead, they identify themselves contactlessly using an NFC card or NFC-enabled smartphone and enter their PIN directly on the touch monitor.

With its customized self-service solutions, Diebold Nixdorf promotes the trend toward tailor-made offers in the banking sector: For example, the company cooperated closely with Al Rahji Bank in Saudi Arabia on the development of a multifunctional, biometric banking terminal that is capable of issuing new check books and debit cards, among other things. With these and other solutions, Diebold Nixdorf helps its customers provide a differentiated customer experience.   

The purpose of the event is to transfer knowledge from successful projects such as these. Analysts and managers from the world’s leading banks report on how the development of connected commerce ecosystems can succeed, or how innovative branch concepts support banks’ sales strategies.  For example, the Dutch strategic foresight expert Thimon de Jong will provide a view of “Future Human Behaviour in the Connected Society”.

In addition to the conference program, Diebold Nixdorf and selected technology partners will offer examples of their innovative power in an exhibit featuring the latest technologies, next-generation applications that accelerate the mobile transformation in the retail and financial industries, and effective managed services concepts.


About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.

 

 

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Fifth Third to Advance B2B Accounts Payable for Commercial Clients


CINCINNATI – Fifth Third Bancorp (NASDAQ: FITB) today announced a strategic relationship with Mastercard and AvidXchange™ to bring a best-in-class automated accounts payable solution to Fifth Third Bank’s clients. The collaboration is one of several recent business relationships with a financial technology company intended to bring efficiency and innovative digital solutions to clients.

As part of the relationship, Fifth Third will become the first bank to join The Mastercard B2B Hub powered by AvidXchange, a solution announced earlier this year.

“There are a number of inefficiencies and complexities that traditionally come with managing payments,” said Bridgit Chayt, senior vice president and director of commercial payments and treasury management for Fifth Third Bank. “Joining The Mastercard B2B Hub will help eliminate these pain points for our clients in an innovative and user-friendly format. The relationship aligns with and supports our NorthStar strategy to better serve our clients through technology.”

Delivered through card issuers, The Mastercard B2B Hub is an end-to-end automated platform that converts payable processes traditionally done by paper into an electronic transaction. More than half of U.S. business-to-business payments are still made by paper check, a costly, inefficient and insecure method.1

The Mastercard B2B Hub leverages AvidXchange’s technology to maximize electronic payments using virtual cards and enhanced automated clearing house (ACH). With it, businesses will no longer face the burden of costs or potential errors associated with manual accounts payable processes.

“The North American market for B2B payments is $25 trillion and yet, in the U.S., over 50 percent of B2B payments are still being made by check. It is inefficient and expensive. Fifth Third is meeting these challenges head on by offering The Mastercard B2B Hub to businesses who want to increase their financial control by outsourcing their payments processes,” said Colleen Taylor, executive vice president of new payments business for Mastercard.

This announcement follows an equity investment in AvidXchange last year by Fifth Third Capital Holdings LLC, an indirect subsidiary of Fifth Third Bancorp. Mastercard also invested in the Charlotte, North Carolina-based financial technology company earlier this year.

“As a result of our partnership with Mastercard, which we announced in June, we’ve created a great solution for banks to make it easy to offer accounts payable and payment automation solutions with The Mastercard B2B Hub powered by AvidXchange,” said Michael Praeger, AvidXchange’s chief executive officer. “We’re very excited about Fifth Third being the first bank to use the Hub to bring our great value-added solutions to their customer base. We admire Fifth Third’s dedication to being on the forefront of revolutionizing commercial payments, and we feel honored to be selected as the Bank’s technology partner in this endeavor.”


About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had $141 billion in assets and operated 1,157 full-service Banking Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 45,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2017, had $330 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.


About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry.  We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.  Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.  Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.


About AvidXchange

AvidXchange revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Non-Profit, Financial Services, Energy, and Construction.  AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years, as well as ranked among Deloitte’s Fast 500 this past year.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for eight consecutive years.  For more information, contact AvidXchange at 800.560.9305 or info@AvidXchange.com.



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And the 2017 PayPal $10K Business Makeover contest winners are…


In July, we launched the PayPal $10K Business Makeover competition with the goal of helping three small business owners achieve new heights. Along with a $10,000 cash prize, each winner receives a one-on-one payments consultation from PayPal, and the choice of either a website makeover from Shopify or a back-office makeover from Xero.

 

We received over 13,000 entries, each with a unique story and an impressive amount of creativity and drive.

 

“There were so many great companies that entered the competition, it was truly difficult to choose just three to win the contest,” said JJ Ramberg, 2017 PayPal $10K Business Makeover Contest judge, host of MSNBC’s Your Business and co-founder of GoodShop. “It is extremely inspiring to see all these entrepreneurs turning their dreams into businesses that will impact their communities as well as contribute to the economy at large.”

 

Thank you to everyone who submitted an entry and without further ado, the winners of the 2017 PayPal $10K Business Makeover Contest are:

 

 

Please click here to read the complete article and video clips of the winning companies. 



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$3 Million raised by Team CIBC in the Canadian Cancer Society CIBC Run for the Cure


TORONTO, Oct. 2, 2017 /CNW/ – CIBC (TSX: CM) (NYSE: CM) employees, family and friends came out 15,000 strong to join thousands across the country in the Canadian Cancer Society CIBC Run for the Cure on Sunday, October 1. Team CIBC members proudly raised an estimated $3 million for breast cancer research, education and support programs.  

Changemakers come together in support of the Canadian Cancer Society CIBC Run for the Cure. (CNW Group/CIBC)

“CIBC committed more than two decades ago to help change the face of breast cancer, and we are so thankful to our employees, clients and Canadians in communities from coast to coast to coast who have stepped up over the years to support the CIBC Run for the Cure,” says Christina Kramer, CIBC’s Senior Executive Vice-President and its Executive Run Sponsor. “We are proud supporters of the Canadian Cancer Society and the work they do to bring us one step closer to conquering breast cancer.”

Now in its 26th  year, the CIBC Run for the Cure is a lasting testament to the unrelenting power of volunteerism, passion and dedication of Canadians who are committed to the breast cancer cause. Since the Run’s inception, mortality rates for breast cancer are 44 per cent lower than their peak in the mid 1980’s, thanks in part to funds raised for research.

“We are deeply grateful for the outpouring of support from Team CIBC, and we know that their efforts over the last 21 years of our partnership have helped to make a difference in the lives of those affected by breast cancer,” said Lynne Hudson, President and CEO, Canadian Cancer Society. “In Canada, it’s estimated that over 26,000 people will be diagnosed with breast cancer this year. It is for these people and their families that together, with CIBC and Canadians across the country, we continue to fight tirelessly against this disease.”

As title sponsor of the CIBC Run for the Cure for more than 20 years, Team CIBC has helped the Canadian Cancer Society raise a total of $48 million through pledges, donations and fundraising initiatives.

 

 

 

 

 

 

 

 


About the Canadian Cancer Society CIBC Run for the Cure

The Canadian Cancer Society CIBC Run for the Cure is the largest, single-day, volunteer-led event dedicated to raising funds for breast cancer research. On October 1, 2017, this national movement brought together participants and volunteers in 56 communities across the country to create a future without breast cancer. Register, donate or learn more at www.CIBCRunforthecure.com

About the Canadian Cancer Society

The Canadian Cancer Society is a national community-based organization whose mission is the eradication of cancer and the enhancement of the quality of life of people living with cancer. When you want to know more about cancer, visit our website www.cancer.ca or call our toll-free, bilingual Cancer Information Service at 1 888 939-3333.

About CIBC

CIBC is a leading Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada,  in the United States and around the world. With CIBC employees at the heart of raising funds, the bank supports initiatives that improve access to care, education and programs for our communities. In 2016, CIBC contributed more than $65 million to non-profit initiatives across Canada, led by our flagship fundraiser the CIBC Run for the Cure. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre/ or by following on LinkedIn (www.linkedin.com/company/cibc), Twitter @CIBC, Facebook (www.facebook.com/CIBC) and Instagram @CIBCNow.

For further information: Olga Petrycki, Director, External Communications, 416-306-9760 or olga.petrycki@cibc.com



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JPMorgan bids to revolutionise interbank payments with Quorum


The big US bank believes Quorum has the potential to revolutionise the interbank payments business and is inviting other banks to join a newly-formed Interbank Information Network (IIN) alliance to try out the platform. ANZ and the Australian arm of Royal Bank of Canada are the first to sign up.

An enterprise-focused version of Ethereum, Quorum is deisgned to support any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants.

JPMorgan is a founding member of the Enterprise Ethereum Alliance, which favours the development of corporate-grade technology over the collaborative open source blockchain platform.

Emma Loftus, head of global payments and foreign exchange for JPMorgan Treasury Services, comments: “IIN will enhance the client experience, decreasing the amount of time – from weeks to hours – and costs associated with resolving payment delays. Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks.”

Speaking at the plenary session of the Swift interbank payments conference in Toronto, RBS chief Dave McKay concurred. “Blockchain has enormous potential to reduce the friction and cost of cross-border payments,” he told the packed audience of correspondent bankers.



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ATMIA today announced the establishment of new global security awards for the industry


ATMIA today announced the establishment of new global security awards for the industry. The award categories are as follows: ATM Physical Security Excellence Award, Cash Security Excellence Award, Cash in Transit Excellence Award, ATM Cyber Security Excellence Award, ATM Security Innovation Award and the Next Generation ATM Security Award. Winners will receive their awards at ATMIA’s 18th annual security conference, ATM Customer Experience & Security Summit (ACESS) which takes place 12-13 June, 2018 at the Royal Lancaster in London.

 

“ATMIA will honour security excellence through these industry awards,” explained CEO, Mike Lee. “Along with the association’s immensely popular global project for next generation ATMs, these awards will showcase just how much our industry focuses on maintaining customer trust and securing our great technologies for the next 25 years.”

 

The winners will receive their global awards at a special luncheon ceremony during ATM Customer Experience & Security Summit (ACESS). Nominations and applications may be filled in online at the conference website. Click Here To Submit an Application

 

“ATMIA is working with leading UK criminologist, Professor Martin Gill, to inject new levels of security excellence into our industry, and these awards will reward those companies which are taking a step forward to reinforce E2E security in our industry,” Lee concluded.

 



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