Reval scalable and integrated Treasury and Risk Management (TRM) solution partnered Fiserv financial services technology solutions. Reval clients can now leverage Weiland BRMedge from Fiserv for automated world-class bank fee analysis. BRMedge scans every line of every statement looking for more than 30 categories of potential errors. The system automatically notifies banks regarding billing errors, allocates charges to business units and posts fees to the corporate’s general ledger. It also enables treasuries to analyze the entire cash flow cycle, budget for future bank fees, and model different balance, service and calculation scenarios.
Over the past year bank-issued credit card limits have soared by 43.5% to $12.68 billion. Retail-issued credit card limits also rose by16.2% to $6.87 billion.
NJ-based Heartland Payment Systems has acquired foodservice industry enterprise-level POS (point of sale) software provider, XPIENT Solutions. XPIENT provides advanced technology to 11 of the top 25 quick service and fast casual restaurant brands, including Taco Bell, Jack in the Box, Panera Bread, and Panda Express.
Watchdata Technologies launched its first smart wearable device Sharkey. Sharkey is a smart wearable device supporting NFC payment which, after being connected with android or iOS phone’s mobile terminal via Bluetooth, can be used for contactless payment.
A new survey finds the average penalty rate has declined to 28.45 % from a 28.60% average APR in 2012. Among card issuers charging a penalty rate, the lowest, 17.99%, is assessed by Pentagon Federal Credit Union’s Cash Rewards Visa Standard card. The highest penalty rate, 30.24%, is imposed by the NFL Extra Points card from Barclays.
Ingenico Group unveiled its new comprehensive global offer,Telium Tetra, creating a fully integrated commerce ecosystem around the Point of Sale.
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CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa – “Dan Jansen Olympics” TV ad .
“To view to ad click here”:http://cardflash.com/images/customers/cardwatch/
Latin American transaction processor Evertec reported merchant acquiring segment revenue increased 6% and payment processing segment revenue increased 4% in the third quarter.
NYC-based Pango has signed up another client for its first pay-by-phone patented parking app. The City of Mount Vernon is introducing the app this week.
The ShopRunner and Alibaba joint venture is underway this week. The JV enables the shipping of U.S. e-commerce orders directly to China. ShopRunner has also added Eddie Bauer, Bergdorf Goodman, Narciso Rodriguez, Neiman Marcus Last Call, and The Limited to its roster of retail partners.
ToGoTechnologies, a provider of e-commerce solutions, has certified the Epson OmniLink TM-T88V-i smart printer for its mobile and online ordering.
New research shows 59% of gift cards are now offered electronically, up 18 percentage points from 2010. This is good news for millennials, since they’re more than twice as likely to lose traditional plastic gift cards than older adults.