TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

Groupon Expands Free Breadcrumb POS App

Groupon announced major additions to its free Breadcrumb POS (breadcrumb.groupon.com) iPad point-of-sale app that provide the most popular types of local businesses with a pre-built, customizable experience adapted to their specific industry. With Breadcrumb POS v.1.2, hair and nail salons, spas, studios, wine bars, cafes and retail establishments now have their own point-of-sale experience designed for their unique merchant environments. Thousands of Menu Items to Load or Choose From – Breadcrumb POS comes with seven preloaded menus and inventory lists for the most popular types of local businesses, enabling merchants to start running their systems within minutes; merchants can also now add, scroll and search thousands of menu items. Breadcrumb POS comes with seven preloaded menus and inventory lists for the most popular types of local businesses, enabling merchants to start running their systems within minutes; merchants can also now add, scroll and search thousands of menu items.

Cardlytics Appoints New CFO

Cardlytics Card-Linked Marketing named Jim Morgan as its first Chief Financial Officer (CFO). Mr. Morgan will lead the finance and accounting teams at Cardlytics, and will be based in Atlanta. Jim joins Cardlytics from Liaison Technologies, Inc., a data management and integration company, where he led global finance and human resources after the company’s acquisition of nuBridges, Inc. in 2011, and where he had been CFO and Corporate Secretary. Jim holds an MBA from UCLA Anderson School of Management and a BS in Industrial Engineering from Stanford University.

Fiserv Announces Latest Account Processing Clients

Fiserv announced First Federal of Bucks County and United Community Bank implemented its “DNA” account processing platform from Open Solutions. The $678 million asset First Federal Bucks County and $523 million asset United Community Bank both cited the real-time processing capabilities, open architecture and intuitive design of DNA as factors influencing their system selections. Recognized by industry leading analysts for its best-in-class technology, user experience and breadth of functionality, DNA is the first open, relationship-centered core banking platform built for global collaboration. The platform employs a real-time, relational data model designed around the person, not the transaction. Account information is updated in real-time across all channels so that customers can access up-to-the-minute balance and transaction data at the ATM, over the phone, from a computer or on a mobile device.

FreedomPay Appoints New Chief Business Development Officer

FreedomPay has appointed Rodney Bowen-Wright as Chief Business Development Officer. Bowen-Wright is a highly-experienced leader with proven success in global sourcing, business incubation, evaluation of next generation strategic investments in the areas of Mobility, Digital Media, Internet, Business Applications and other market domains. Throughout his career, he has been responsible for driving customer focused Market Research Definition (MRD), translating business into technical specifications and driving the resulting product development. He brings more than 15 years of experience in technology leadership to his new role where he will leverage his deep expertise and understanding of customer needs to create effective go-to-market and partnership strategies that drive business growth both for FreedomPay and its partners. Rodney holds an MSEE degree in Computer and Electrical Engineering from the University of Nebraska.

Kitchen Brains Announces NEC POS Partnership

Kitchen Brains, a global leader in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SaaS applications, announced the addition of NEC Corporation of America to its POS (Point of Sale) Partnership Program. NEC is a leading POS solution provider for the quick-service and fast-casual restaurants, with more than 400,000 POS systems installed worldwide. The partnership between the companies now gives current NEC customers the ability to seamlessly implement Kitchen Brains® Quality Production Management (QPM), thus providing full coordination and visualization of food production processes. Current QPM customers looking to change POS vendors will now be able to partner with NEC in order to integrate a complete kitchen management solution. With over 40 years experience, NEC’s quality POS solutions enable the world’s largest retailers and restaurants to maximize performance and profitability by boosting store performance, reducing operating costs and facilitating quick and efficient services for both single- and multi-store operations.

Allpoint and Discover Deploy Surcharge-Free ATMs

Allpoint Network announced that it has joined with Discover Financial Services to provide millions of Discover cardmembers with surcharge-free access to cash through 43,000 Allpoint ATMs in the United States. Allpoint Network is an affiliate of Cardtronics, Inc., the world’s largest retail ATM owner, and its surcharge-free ATMs are conveniently located coast-to-coast, in destination retail outlets including major discount retailers, as well as convenience, grocery and pharmacy stores”places that are already part of people’s daily routines. As America’s largest surcharge-free ATM Network, Allpoint helps more than 1,200 financial services providers, representing more than 60 million cardholders, save time and money when accessing their cash.

Discover Posts 2Q Net Income up $75mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services reported net income of $602 million for the second quarter of 2013, as compared to $525 million for the second quarter of 2012. The company’s return on equity was 23%. Credit card loans grew $2.3 billion, or 5%, to $49.8 billion and Discover card sales volume increased 4%…

New Members Appointed to Elan Advisory Board

Elan Financial Services added to the panel of credit union leaders who regularly meet to share with Elan their insights into the credit union industry. These include Donna Alley Myers, Vice President, Consumer & Indirect Lending at Tennessee Valley Federal Credit Union based in Tennessee; Allan Stevens, Vice President of Lending at Franklin Mint Federal Credit Union based in Pennsylvania and Leslie Bumgarner, CEO at Telhio Credit Union based in Ohio. Elan Financial Services serves 300 credit unions with best-in-class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support.

Average APRs Jump, Erase Improvement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs jumped .03% in July to 14.96% after averaging a .04% change over the past year. This stifles momentum to the ebbing 2013 APR credit card averages. This erases the positive momentum gained over the past few months, but follows a relatively lengthy period of APR stagnation through…

Mortgage Group select Fiserv LoanServ Service

Fiserv announced that Gateway Mortgage Group, LLC has selected its LoanServ platform for the company’s mortgage servicing technology needs. Gateway will use LoanServ to enhance its customer experience and grow its home loan servicing portfolio through its retail and correspondent channels nationwide. Using LoanServ, Gateway will be able to perform the full range of mortgage servicing functions including escrow, payment processing, investor reporting and default management. Gateway executives anticipate that the selection of the Fiserv solution will help them increase employee productivity, improve operational efficiency, react more effectively to changes in modification programs such as HAMP and HARP, and streamline the default process with workflow automation that reduces errors and frees up resources for use elsewhere within the company.