Serious eWallet Progress

Online money transfer company Optimal Payments Plc said it expects to beat its forecast for the full-year after robust sales at its high-margin Neteller e-wallet business drove first-half pretax profit up 78 percent. The company’s shares rose as much as 7.8 percent to 510 pence in early trade on the London Stock Exchange on Wednesday. Pretax profit jumped to $27.5 million for the six months ended June 30, from $15.5 million a year ago.

Citi Apple Pay

Citi cardmembers will have another way to pay with their Citi card at their fingertips with Apple Pay. Citi cardmembers will have the option to pay with their eligible Citi credit or debit card using their iPhone 6 and iPhone 6 Plus. Whether they are buying in stores or online from merchants in apps, payment happens in a single touch and Citi cardmembers will soon have another option to make purchases easily. In October, Citi will be introducing to U.S. credit and debit cardmembers the ability to add their eligible Citi card to Apple Pay, which will transform mobile payments, creating an easy way to make purchases.

FDC & Profit Insight

First Data and PROFIT INSIGHT announced a revenue assurance and enhancement collaboration that can help banks generate as much as $5 to $10 per active account annually in incremental revenue. First Data and PROFIT INSIGHT together developed the revenue assurance system to deliver greater returns to First Data payment platform clients. The solution combines the proven stability, scalability and flexibility of First Data’s solutions such as the flagship VisionPLUS software with the insight and experience of PROFIT INSIGHT financial consultants, to create platform-specific solutions that are easy to implement and quickly align with clients’ requirements. As payments experts, First Data and PROFIT INSIGHT have a deep understanding of the processes and systems that drive banking profitability.