Following Discover and Capital One, Citi has begun delivering complimentary FICO Scores to Citi-branded consumer credit cardholders. Citi ended 2014 with 23.6 million U.S. bank credit card accounts.
Anyone paying attention knows credit unions and banks have had their card interest income business models under siege since 2008. So it no surprise that renewed attention has been turned instead to fee income models, and ways to boost that increasingly important revenue stream.
Atlanta-based Vanco Payment Solutions relaunched with new branding and a new website that amplifies its position as a top provider of specialized payment solutions for faith-based, nonprofit, and professional services organizations. The company processes over 13.1 billion in electronic payments annually for more than 30,000 clients.
ACI Worldwide inked a strategic partnership with LD Systems, an international provider of ATMs, financial equipment and technology services. This partnership will enable LD Systems’ clients to offer quick, easy and safe bill pay options at kiosks across the USA.
FL-based IBS announced the release of its new IBS Cloud Point of Sale system. Virtually any browser equipped iPad, Windows tablet or computer can be used as a full featured retail point of sale terminal.
CardFlight has partnered with Integrity Payment Systems to offer CardFlight’s mobile POS solutions to Integrity’s merchants and partners. As part of the partnership, Integrity will leverage CardFlight’s SwipeSimple product as their preferred mobile POS solution for merchants looking to accept mobile payments from smartphones and tablets.
JetPay has added Ingo Money as a new and convenient funding method to its Money Access Card Prepaid Visa. Currently introduced in a limited geographic region in the mid-Atlantic states, MAC will soon be available nationwide.
Girl Scouts of California’s Central Coast now enables supporters to be able to purchase cookies directly from Girl Scouts, or girls can use a digital app to offer customers an online ordering link to have half to full-cases shipped via credit card payment as an option.
Velcro Pay launched a program this week that provides merchants a Free Apple Pay enabled POS machine that is also EMV Chip ready to coincide with the update due later this year. Apple Pay has been a game changer in the payments industry this past year combining technology solutions and small business payment processing.
WEX Europe has entered into an international agreement with Voxel Group. The combination of the WEX and Voxel solutions accelerates the delivery and receipt of hotel invoices by automatically sending these at the relevant point in business-as-usual processes (e.g., at customer check out).
While credit card ownership remains relatively flat, user demographics are changing as young adults return to credit card use. Over half of young adult in the U.S. now use credit cards, especially the 25-34 year olds, who now are as likely as average to do so.
JetPay Payment Services and Cardis USA launched of a new small payments processing solution. JetPay is a full end-to-end payments processor specializing in complete technology solutions for the e-commerce and card-not-present (CNP) marketplace. Cardis is a developer of low-value payment processing solutions.