MyCheck checkout app that allows you to view your bill live and pay for your check straight from your smartphone announced Version 3.0. Bringing a fresh new layout and interface to the application, users can now log-in to Facebook Connect; take a snapshot of a credit card and automatically populate their account information; log-in to PayPal via MyCheck for an additional payment option; and split the check evenly by percentage, by item, or evenly; and much more. MyCheck is PCI compliant, meeting the industry’s highest standards for protection of consumer information, and integrates seamlessly with Point of Sale systems. No special hardware is required.
Citi has been ranked as the number one Corporate Card issuer in the U.S. by The Nilson Report. Citi Commercial Cards, with issuance capabilities in over 100 countries and an extensive proprietary local currency network of 67 countries, has long been considered a pre-eminent commercial cards provider to large and multi-national organizations both in the U.S. and globally. As a leading Commercial Card issuer, Citi is at the forefront of providing solutions, including Corporate T&E, Purchasing Card, and ePayables programs that offer greater control, visibility and optimization to help clients maximize their efficiencies and expand their opportunities. With our broad reach, international network, and advanced payment, reporting and expense management tools, Citi continues to raise the bar for commercial card programs.
JetPay® Corporation announced that Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors, signed a definitive agreement on August 22, 2013 to invest up to $40 million in the company through the purchase of Series A convertible preferred stock. This investment will be used to retire up to $16 million of currently outstanding debt with the remainder available to invest in the company’s growth. The transaction is expected to close in the next 45 days.
MoneyGram renewed its official check processing agreement with Mountain America Credit Union. This agreement includes the signing of a multi-year contract extension to offer processing and program management for Mountain America’s official bank checks. It also leverages MoneyGram’s PrimeLink® Official Check outsourcing solution, which includes daily balancing and reconciliation, inventory management, real-time updates and a state-of-the art online platform. MoneyGram has worked with Mountain America since 1997 in support of Mountain America’s official check program and through its efforts has helped the company prevent fraud losses through timely detection of fraudulent transactions.
Paydiant cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane™ online shopping service in Matthews, N.C. beginning this month. The pilot store is located in Matthews Festival Shopping Center at 1811 Matthews Township Pkwy. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.
With banking industry umbrella body the Payments Council predicting that the number of cash payments made by consumers in the UK will fall by a third by 2022, and that their use of cards to make even small transactions will rise by more than 75 per cent* over the same period, Payment Sense believes that retailers who don’t take such payments are risking missing out on a huge chunk of this rapidly-growing source of income. According to PaymentSense, e-commerce enabler and provider of card processing technology, concludes there’s no reason for businesses of any size to find themselves penalised by not being able to take card payments, either using the widely-known chip-and-PIN machines, or other methods of online payment authentication technology, especially as the technology involved can be quickly installed in any business’s premises, and is purposely designed to make it easier to reduce payment errors and ensure proper reconciliation at the end of every trading period.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4%. The number of unemployed persons, at 11.5 million, and the unemployment rate, at 7.4 percent, edged down in July. This, according to the U.S. Bureau of Labor Statistics, also showed the number of long-term…
HybridPayTech mobile payment space selected Vodafone’s global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience. HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions.
Fiserv announced Loomis Armored US doubled its item processing volume in 2012 to an average of more than 7 million items a month. Loomis is the international leader in the cash handling services industry and implemented Branch Source Capture™ from Fiserv in 2007 to build its high-volume item imaging business, which automates processing in an outsourced vault environment for retailers and financial institutions. Loomis uses Branch Source Capture from Fiserv, a Web-based solution that facilitates remote capture, item correction, batch and deposit balancing, and image quality control. Loomis serves some of the nation’s largest banks, which often require highly customized information for their corporate and government customers. Fiserv customizes the output needed by Loomis’ bank cash vault clients – scanning, correcting and balancing check deposits to the exact specifications requested.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 7.5% in June from last year to an adjusted $857B, total nonfarm payroll employment increased by 162,000 in July as the unemployment rate edged down to 7.4%. The second highest outstanding total of the year, June revolving credit outstanding is…
Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced New Castle Bank launch Allied’s Picture Pay mobile bill pay solution, enabling its customers to pay any bill by taking a picture of the bill with their mobile device. In an effort to simplify the bill pay process, Ameriana Bank integrated Picture Pay into its existing mobile banking app, increasing the level of convenience for accountholders with a solution that is also more cost-effective for the bank. Once a customer takes a picture of the bill with their smartphone, they simply enter the amount and payment date, and the bill is paid. Picture Pay’s technology reads the data from the customer’s bill, and then its built-in analytics confirm the biller and execute the payment process. Picture Pay was developed in conjunction with Malauzai Software Inc., a provider of mobile banking SmartApps for community financial institutions.
Bluepoint Solutions partnered Financial Services (FSI) to offer DocX print and electronic statement fulfillment to credit unions nationwide. The partnership will allow credit unions to increase adoption of cost efficient e-statements through targeted promotions and customized, multi-channel member delivery. DocX creates and distributes personalized financial statements by combining a member’s account information with variable advertising and promotional content that is tailored to each member’s spending habits and preferences. Statements are designed specifically to each credit union’s branding and are delivered directly to the member through any combination of print mail, email and mobile channels. DocX streamlines statements from various types of accounts including credit card, checking and savings accounts, and auto and home loans into a single, cost-effective statement for mail or electronic delivery.