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Fintech focus: BMO Harris Bank expands digital wallet options

Several players in the financial technology arena introduced new products and entered into various agreements in recent days. Please send news tips and feedback to news@snl.com. For other recent financial technology news, click here.

Banking and lending

First Oklahoma Federal Credit Union chose Fiserv Inc.'s Portico core account processing platform with an integrated technology suite featuring digital banking solutions.

Suriname-based De Surinaamsche Bank will implement DigitalAccess from Fiserv to enable online and mobile banking for retail and commercial customers.

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As part of an agreement, Cardtronics plc will make available more than 30,000 additional surcharge-free ATM locations for Citibank customers in major metropolitan markets across the U.S., including Chicago, Los Angeles, Miami, New York, San Francisco and Washington, D.C.

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Saudi Arabia-based Al Rajhi Bank teamed up with Diebold Nixdorf Inc. to enable debit card printing via biometric authentication.

Myanmar-based Co-Operative Bank Ltd. will add 500 new ATMs and cash recyclers to its network of 500 terminals supplied by Diebold Nixdorf.

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Mountain America Credit Union's eligible members may now view their FICO Score through the credit union's mobile app. FICO is a registered trademark of Fair Isaac Corp.

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Through a partnership, WEX Inc. will offer business financing from On Deck Capital Inc. to its small business customers.

Payments

Vantiv Inc. rolled out OnDemand Payments, a portfolio of integrated products and services that offer an omnicommerce customer shopping experience.

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CardConnect Corp. unveiled Bolt P2PE, a cloud-based solution that allows software companies to integrate CardConnect's PCI-validated point-to-point encryption with any software application and devices for card-present transactions.

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Verifone Point, VeriFone Systems Inc.'s payment-as-a-service solution, will now extend to Microsoft Dynamics 365 users internationally, beginning with Canada.

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ACI Worldwide Inc. released the latest version of its UP Immediate Payments solution, providing access to all immediate payments schemes globally.

Netherlands-based Rabobank will utilize ACI Worldwide's UP Immediate Payments solution.

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Card issuers using FICO Falcon Fraud Manager will be able to connect to technology provider Ethoca's global collaboration network to maximize the recovery of card-not-present fraud losses and avoid the chargeback process.

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Quicken, a personal money management software, selected electronic cash payment network PayNearMe Inc.'s Prism API for its bill presentment.

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BMO Harris Bank made available the BMO Harris Bank Masterpass, Android Pay and Samsung Pay digital wallets for select BMO Harris Bank credit and debit cards.

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CyberSource Corp., a Visa Inc. company, worked with mobile technology start-up OnePlus, enabling OnePlus to accept digital payment methods through web and mobile channels.

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Total System Services Inc. renewed its payments services agreement with BBVA Compass to continue processing the bank's consumer, commercial and small business credit card portfolios.

Insurance and healthcare

Pegasystems Inc. enhanced its Pega Product Composer System for Healthcare, which simplifies benefit and product development and lifecycle management for healthcare organizations.

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Romero Insurance Brokers Ltd. selected Applied TAMCloud from Applied Systems to provide data security, among other things.

Investing and trading

Janney Montgomery Scott LLC will use the NaviPlan financial planning software from technology provider Advicent to enhance Retirement Income Evaluator and manage compliance efforts in relation to the Department of Labor's fiduciary standards.

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Thomson Reuters Corp. launched ONESOURCE Global Trade Classifier, a software application designed to ease product classification related to cross­-border trade.

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Envestnet | Tamarac enhanced the level of integration between its Advisor Rebalancing application and TD Ameritrade Institutional's Veo custody platform.

Administration, data and transaction management

ADP acquired The Marcus Buckingham Co., a human capital management solutions provider.

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Acxiom Corp. partnered with mobile marketing platform Verve to allow agencies and marketers to reach consumers with location-informed data across mobile devices.

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Online Home Loans Australia, Alfa Accountants and Advisors and BTCDirect are among companies that are now using Mitek Systems Inc.'s ID authentication technology to mitigate risk.

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Xactly Corp. unveiled its Commission Expense Forecasting Solution, giving finance leaders increased insight into their organization's commission expense spending.

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SS&C Technologies Holdings Inc. added Fitch credit ratings to its managed data service SVC.

More fintech news

The week in fintech: Lowering entry barriers for online brokerages