TIS Concludes 2013, Sets Treasury Trends

TIS offered cloud-based payment transaction systems that include solutions matched to the current needs in mandate management, bank account management, bank transaction management and bank fee controlling. TIS is the leading cloud platform for management of enterprise-wide payment processes ranging from liquidity control to bank relationship management. The SEPA “Out-of-the-Box” solution from TIS processes all major bank connection protocols, channels (Host-to-Host, SWIFT or EBICS) and formats and automatically converts these to conform to the applicable SEPA guidelines. An integrated Direct Debit mandate management system centrally monitors and controls all global mandate processes. TIS was also able to win over many other well-known medium-sized enterprises as new customers in Germany during 2013 to employ the TIS Cloud Platform to centralise their payment transactions.

Mobeam, Clutch Launch Scanning mWallet

Mobeam and Clutch released the latest mobile wallet enabled with Mobeam’s patented beaming technology. This new feature lets consumers use Mobeam’s technology to beam barcodes from their loyalty, membership, and gift cards directly from their smartphone to any laser scanner. The beaming feature is available exclusively on two of the world’s most popular phones, the Samsung Galaxy S4 and Galaxy Note 3. In the past month, Mobeam’s beaming technology has driven close to 2 million shopping trips on over 25 million devices. Clutch eliminates the need for multiple apps, enabling consumers to manage gift and loyalty cards, daily deals, coupons, offer searches, purchases, shopping comparisons, social gifting and mobile payments all in one place. Mobeam converts barcodes into beams of light that can be read by the tens of millions of laser scanners in use today by retailers worldwide.

USA Technologies Sees Return in 4Q/13

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies posted a 4Q/13 net income of $447,087, down from non-GAAP net income of $557,393 and total revenues of $10.6 million. Approximately 82% of total revenues stemmed from license and transaction fee revenues, which are largely driven by connections to USAT’s comprehensive and turnkey cashless payment and M2M telemetry service,…

DISCOVER Q4 & 2013

Beating average credit card industry growth last year Discover credit card loans grew $2.0 billion, or 4%, to $53.1 billion at year-end 2013. Discover reported fourth quarter volume for PULSE was flat as Diners Club volume declined 5%, offset by a 5% gain in proprietary volume and 6% gain in network partners volume. Transactions processed on the Discover network rose 5% in 2013 to 1.95 billion while PULSE transactions declined 3% to 4.19 billion for last year.

First Data and TMG Offering Streamlined EMV

First Data and The Members Group (TMG) have begun offering an expedited EMV™ implementation to qualifying TMG clients. First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG’s brand promise of “making life easier” for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity.

JetPay Card Services Adds Executive

JetPay Card Services announced the addition of Ralph A. Bianco as Executive Vice President and General Manager. Mr. Bianco is leading the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses.

Discover Offers Free FICO® Score to Cardmembers

Discover has fully rollout of free FICO® Scores provided on the monthly statements of millions of Discover cardmembers, following the pilot launch to Discover it cardmembers, which occurred in November 2013. The FICO® Scores are based on data from TransUnion®, a world leader in consumer credit information. Discover is the first major credit card issuer to provide free FICO® Scores directly to its cardmembers on their monthly statements. In addition to providing free FICO® Scores to consumer cardmembers, Discover is providing the two key factors explaining what information from a person’s TransUnion credit report influenced his or her particular FICO® Score. Qualified cardmembers who have Discover More, Discover Open Road, Discover Motiva, Miles by Discover and Escape by Discover cards will receive their free FICO® Scores based on data from TransUnion directly on their monthly statements.

JetPay Enlists Former U.S. Bancorp and MasterCard Exec to Launch Prepaid Outfit

JetPay Card Services added Ralph A. Bianco Executive VP, General Manager to lead the Company’s pre-paid card division that will offer Visa branded reloadable cards plus Visa branded and private label gift cards. The prepaid card division will focus on delivering high value low cost products to consumers. The first products launched by this division, which will be announced later this month, will be aimed at consumers with or without a traditional bank account that need a safe and secure way to shop, save or budget for household expenses. Of particular importance is to create products that will be attractive to consumers that have limited access to financial services and who often spend exorbitant amounts each payday to cash paychecks and pay bills. He holds a degree in electro-mechanical engineering from City College of New York and is a graduate of the Executive Program of the Darden Graduate School of Business Administration at the University of Virginia.

Xoom Acquires BlueKite

Xoom Corporation announced it has acquired BlueKite for approximately $15 million in cash and equity. BlueKite has built a robust technology platform for cross-border bill payments and mobile phone top ups. This acquisition will allow Xoom to offer adjacent services to their burgeoning money transfer offerings, with the ability to pay bills for their loved ones, as well as top-up mobile phones.

Bank of America 2013

Purchase volume, per average active account, for Bank of America’s U.S and international consumer credit cards increased 6% year-on-year in the fourth quarter. Charge-offs for U.S. cards fell to its lowest level in eight years. However, for the full-year 2013 BofA’s U.S. consumer credit card portfolio average yield fell 29 basis points to 9.73%. On a quarterly basis the U.S. card yield fell 65 basis points. The international consumer credit card portfolio average yield rose 10 basis points to 11.70% on a full-year basis. Comparing Q4/2013 to Q4/2012, the international card yield also fell 65 basis points. Overall card yield was down sharply from the third quarter. The risk adjusted margin for the U.S. card portfolio rose 114 basis points on a full-year basis to 8.68%.

Heartland Payment Systems Posts 4Q/13 Up 22%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment announced Adjusted Net Income and Adjusted Earnings per share from continuing operations of $20.5 million for the quarter ended December 31, 2013. Adjusted Net Income from continuing operations were $17.7 million while GAAP net income was $17.4 million for the three months ended December 31, 2013. Adjusted Net Income…