[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard announces its newest ambassador, Sir Nick Faldo, golf legend and winner of six major championships — three Open Championships and three Masters — and more than 40 tournament victories. The newly minted relationship will add to the company’s roster of seven world-class golf ambassadors including Ian Poulter, Graeme McDowell, Camilo…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported second-quarter net income of $1.4 billion, up 5% from $1.3 billion a year ago. Diluted earnings per share was $1.27, up 10% from $1.15 a year ago. Second quarter consolidated total revenues net of interest expense rose 4 percent to $8.2 billion, from $8.0 billion a year ago.…
Misys announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently. Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.
MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.
Insperity human resources and business performance solutions launched its “ExpensAble Plus” MasterCard, offering clients front-end spending control through the integration with the Insperity ExpensAble Corporate expense management automation solution. Businesses now have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.
mopay payment solutions for online merchants announced a revolutionary breakthrough in user convenience. In cooperation with Telefonica and Vodafone, customers are now able to complete Web-based carrier payments with a single confirmation click. An enhanced user profile creates the basis of this new anonymous ID technology, which significantly shortens the payment process and boosts conversion to a new industry benchmark level of 93% and more. Less friction means more user convenience and thus more completed transactions. The consumer receives a PIN via SMS on his mobile phone, which then had to be typed in manually in a subsequent payment window. Although this simple process required no user registration and produced stunning conversion rates, mopay has continuously worked for more than 10 months to improve the user experience even further.
Allied Payment Network online bill payment services to the financial industry and Malauzai Software mobile banking SmartApps for community financial institutions, announced that Midwest-based 3Rivers Federal Credit Union ($750 million) is the first credit union in the country to launch its Picture Pay mobile bill payment solution. 3Rivers has implemented the stand-alone Picture Pay solution developed by Allied and Malauzai Software and will offer Picture Pay as a separate mobile application in addition to its existing mobile banking app, enabling 3Rivers’ members to easily and securely pay any bill by taking a picture of the bill with their mobile device. Through Picture Pay, once a member takes a picture of a bill with their smartphone, they simply enter the amount and payment date and the bill is paid.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 195,000 units in June as the unemployment rate remained at 7.6% while total outstanding revolving US consumer credit jumped a staggering 8.25% in May to an adjusted $857B. Erasing all positive momentum seen in 2013, springing to the highest outstanding total of the year, May revolving credit…
Paymill launched its new product Paymill Unite, an all-in-one solution for everyone who offers an online marketplace. The product enables merchants to offer credit card or debit payment to their buyers on their marketplace in a very easy way. Marketplace owners are now able to connect to other PAYMILL merchants, create transactions on behalf of connected merchants and take commissions for their services. Users can transfer money directly to your merchants and to collect fees for yourself. For the merchant, PAYMILL Unite generates higher conversion rates and minimizes customer dropouts while securely storing customers credit or debit card data.
Chase has customized the popular Chase “My New Home” app for the Apple tablet – and added features to make it even better. This offers the only app on the market that guides users through the home-buying process from start to finish. It allows searching home listings by ZIP code to calculating monthly payments- provide real-time help at each step of the home-buying process. Househunters can record notes, take photos and videos of the houses, calculate payments and access more than 4,000 local Chase mortgage bankers. The videos offer practical advice from both homebuyers and the experts they will meet throughout the home buying-process. Viewers can learn about a wide variety of subjects from key mortgage terms and how to select the right real estate agent to what to expect at closing.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry, the group announced. EMV is a security standard designed to increase protection against the theft of payment card identification data. Theft of this data could permit unauthorized access to a cardholder’s funds. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.
The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.