Capital One has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business. The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States. Capital One’s partnership with BRP provides consumers with access to credit that can be used for accessories, services and/or vehicles at BRP dealerships. Offerings include a Life of Loan product, which is designed to be paid off over a set term, as well as promotional rate financing options, which have a low intro APR for a set period of time.
Bluefin Payment financial technology provider of cloud-based integrated payment solutions for independent software vendors (ISVs), announced they have partnered with a premier international payment platform provider to expand their US and Canadian presence to include international payment processing in early 2014. Bluefin’s innovative and proprietary PayConex platform will now support e-commerce and mail order/telephone order (MOTO) payments in 52 countries across six continents in 187 currencies. Bluefin secures the cloud with a security suite that includes tokenization, transparent redirect, and end-to-end encryption (E2EE). ISVs and SaaS providers integrate PayConex directly into their software, providing their customers a seamless payment experience while extending the functionality and value of their software.
Fiserv announced that its Mobiliti solution received the highest score for a customizable solution in the Javelin Strategy & Research 2013-2014 Mobile Banking Vendor Scorecard. Based on an evaluation of security, mobile platform support, product features and emerging capabilities, this marks the third year that Fiserv has been a top ranked mobile banking solution provider in the report. Fiserv was rated highly across all four areas of evaluation for customizable solutions, particularly the features category. The features category analyzed money monitoring and advanced money movement capabilities available through the solution, as well as user ratings, reviews, partnerships and clients. The Javelin report noted that adoption of mobile banking continues to grow rapidly, as does its importance to consumers, which underscores the value of selecting a leading mobile banking provider. In a positive sign, only 31 percent of non-mobile bankers said they were skeptical of mobile banking’s value, down from 40 percent in 2012.
Geezeo, web-based, data-driven marketing platforms to financial institutions announced West-Aircomm Federal Credit Union will integrate Geezeo’s PFM product into its online banking platform. The credit union will be provided with a fully integrated, white label PFM solution, and will benefit from Geezeo’s unique data-driven engagement banking platform. Geezeo is a proven pioneer in enabling financial institutions to deliver relevant messaging from within the online banking environment and beyond.
Capital One has signed a three-year financing services agreement with BRP US Inc. “BRP”. This new relationship reinforces Capital One’s commitment to building its private label credit card business. The contract covers revolving financing for BRP’s Ski-Doo snowmobiles, Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side vehicles and Spyder roadsters sold by BRP dealers in the United States.
Target confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target is working closely with law enforcement and financial institutions, and has identified and resolved the issue.
Approximately 40 million credit and debit card accounts may have been impacted between Nov. 27 and Dec. 15, 2013. Target alerted authorities and financial institutions immediately after it was made aware of the unauthorized access, and is putting all appropriate resources behind these efforts. Among other actions, Target is partnering with a leading third-party forensics firm to conduct a thorough investigation of the incident.
MasterCard, eServGlobal and BICS today announced the formation of HomeSend, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology and developed as part of a strategic partnership between eServGlobal and BICS. The HomeSend platform was first to market in offering international mobile remittances.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone posted its net revenues of $432 million and net revenues of $431 million for the three months ended October 31, 2013. With this, it reported operating cash flow of $55 million and free cash flow of $38 million. The net revenue of $432 million, compared to $489 million a year…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The U.S. prime rate will continue to hover at 3.25% but the LIBOR is slowly heading higher, a little screwy given the overall economic situation. RAM Research predicts the LIBOR will head up to 0.35%, a ten basis points jump from the third quarter, and the lowest since the second quarter…
Discover and the FIDO (Fast IDentity Online) Alliance announced that Discover has joined the Alliance and been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use. Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).
KUBOO Inc announced that it has partnered with Virtual Piggy, Inc. (http://www.virtualpiggy.com/) , provider of safe youth payments technology, Oink. The parties have agreed to joint marketing efforts that will reach millions of kids and teens. Oink (http://www.oink.com/) is the only COPPA compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.
Fiserv announced that its Mobiliti mobile banking platform received four “Best in Class” distinctions in a recent CEB TowerGroup global mobile technology analysis. Mobiliti from Fiserv was named “Best in Class” in each of the four categories evaluated: Customer Experience, Interface Development, Integration and Management and Enterprise Support. The CEB TowerGroup technology analysis aims to provide a customer-driven, transparent and unbiased review designed to drive informed business decisions. Its product rankings highlight best-in-class attributes and show a comparative perspective of leading products. This report assessed more than a dozen mobile banking offerings across worldwide markets. When evaluating Mobiliti, the CEB TowerGroup report cited the structured approach to product roadmap development employed by Fiserv to ensure continued delivery of innovative product features.