Cummins Allison Announces Currency and Check Processing Solutions

The two-in-one JetScan iFX from Cummins Allison accommodates branch capture as complete deposits; checks, currency and transaction-related documents can be processed in the back counter or at the teller line in minutes. The JetScan iFX enables tellers and supervisors to image checks more than twice as fast as other scanners without sacrificing image quality, on the same machine that is also the fastest currency scanner in the industry. It also increases productivity by processing 1,600 bills per minute, even in the highest volume areas, such as count rooms. With quicker currency scanning speeds, staff tasks become faster, while accuracy remains high as the JetScan iFX ensures incorrect notes are instantly identified and counterfeit notes detected, where other currency scanning equipment might miss. This as IDC Insights expects North American technology spending to increase to $57 billion in 2013 on investment in currency and check processing solutions and branch/teller capture is projected to see an estimated 98% adoption rate of branch and/or teller capture solutions over the next two years.

Evolution1 Changes Product Identity

Evolution1 electronic payment, on-premise and cloud computing healthcare solution announced its products, solutions, and services under six brands within one product suite. The product suite enables the communities Evolution1 serves to quickly identify Evolution1’s products, solutions, and services and determine which one best meets their needs. The suite includes 1Cloud by Evolution1 healthcare financial services platform; 1Direct by Evolution1 on-premise healthcare financial services; 1Pay by Evolution1 suite of payment solutions, led by the innovative Benny Prepaid Benefits Card; 1Mobile by Evolution1 for healthcare access for consumers on the go; 1Plan by Evolution1 contribution solution; and 1View by Evolution1 self-service dashboard for healthcare management.

Leaf Announces Open Payment Acceptance

Leaf unveiled an open approach to payment acceptance, giving small businesses the freedom to work with the payment provider of their choice, as well as the ability to accept new forms of payment all from one device. Offering the first POS platform committed to open payment acceptance, Leaf empowers merchants to choose their providers and rate plans, offer the most novel and convenient payment options for their customers, and aggregate data analytics over all payment types and providers. Leaf enables merchants to choose from a list of more than two dozen credit card, gift card and next generation payment providers within its partner program, which it plans to grow in the coming months. Leaf also offers the ability to create new accounts with pre-approved partners through its “LeafBusiness” online analytics and management portal.

NCR Upgrades Gift Card Platform

NCR upgraded its “Silver” mobile POS system to give small business owners an edge on promoting and growing their businesses with gift card programs. The NCR “Silver” gift card platform makes loading, accepting and managing gift cards easy. Users simply take credit card payments for an affordable way to create powerful business-building gift card programs. Since gift cards usually result in sales higher than the gift card’s face value, this also generates added income. And because NCR Silver is cloud-based, the gift card update easily deploys to existing NCR Silver customers and is included in all new versions of NCR Silver delivered to customers.

Consumers Button Up On Paying Down Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch’s Prime Credit Card Chargeoff Index declined 30 basis points (bps) in February to a six year low of 3.88% from 4.18%. Chargeoff rates improved to 26% lower from the same period last year while delinquencies declined to 1.61%, the lowest level since index inception. Meanwhile late stage delinquencies are 65%…

Fitch Projects Positive U.S. Credit Card ABS Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch Rating projects strong performance metrics to continue to support rating stability for credit card ABS. Master trust performance data for the February reporting period indicate that our prime credit card indices for gross yield, charge-offs, and 60+ day delinquencies are likely to be flat to slightly positive for the month.…

BlueSnap Pushes Beyond Card-only Subscription Bounds

BlueSnap’s industry leading Smart Subscriptions platform has helped thousands of merchants to create, manage, and optimize their recurring payments for many years. Now, BlueSnap has responded to the evolving needs of customers with an expanded offering that dramatically increases a merchant’s capacity to provide subscriptions using almost all payment types. BlueSnap’s new Automated Subscription Reminder feature fully supports almost any type of payment method as a subscription option beyond just card based transactions. As a result, merchants can optimize recurring payments for local payment types as well as wire transfers to capture more recurring revenue.

Mogreet Unveils Multimedia Mobile Marketing Platform

Mogreet mobile messaging launched Mogreet Express self-service text messaging platform for small- and medium-sized businesses (SMBs) to use text and multimedia messaging to communicate with their customers on mobile devices. Mogreet Express is an extension of Mogreet’s enterprise text marketing solution, offering SMBs an innovative way to communicate with their customers. Mogreet’s platform – which is able to reach 2 billion consumers and used by major retail and entertainment brands – will now give SMB owners the ability to use the same trusted services to effectively reach their consumers. Using Mogreet Express, businesses can build a mobile customer database and drive sales with branded promotional offers.

Akimbo Debuts Pre-Paid Remittance Card

Akimbo remittance is now accepting enrollments. Combining electronic money transfers with the Akimbo Visa Prepaid Debit Card, users can send funds instantly for use at ATMs and POS anywhere Visa is accepted. Akimbo also enables sharing via Facebook, email, and text (SMS). The recipient must enroll for an Akimbo Card to collect the money, but once the account is created they are sent a pre-loaded card. Akimbo’s iPhone app also lets you add photos, notes, and ratings to purchase transactions. Akimbo provides more than just convenient money transfers. At its core, the Akimbo Card is a full service bank account alternative, offering direct deposit capabilities, transfers to and from other bank accounts, and even bill pay functionality.

Evolution1 Announces Successful Fiscal 2012

Evolution1 electronic payment, on-premise and cloud computing healthcare solution grew in 2012 to now serve nearly 500 third-party administrators, financial institutions, health plans, and software providers across the country, providing healthcare and other reimbursement account services to more than 75,000 employers and more than 9,000,000 consumers. Evolution1 grew the number of consumers on its platforms by nearly 40 percent. As in prior years, the top-performing Evolution1 Partners grew an average of 88%, saving customers and their employees more than $2 billion in 2012 through annual healthcare cost reductions and tax savings. Additionally, Evolution1 saved its Partners more than $80 million in annual operating costs through claim and payments automation.

Mobeam, Samsung Deploy Barcode Reader

Highlighted during the Samsung Unpacked event in New York City this evening, mobeam proudly announces that the new Samsung Galaxy S4 smartphone will be the world’s first mobile device to integrate its light based communications (LBC) technology so it can beam traditional 1-D barcodes. With embedded mobeam technology, the Galaxy S4 will be able to engage in mobile commerce at millions of locations worldwide without requiring retailers to make changes to their existing POS systems or technologies. Mobeam’s patented technology solves the key problem that has limited the progress of mobile commerce: the vast majority of existing POS systems are unable to communicate with smartphones. Mobeam converts barcodes, coupons, loyalty cards and gift cards into a beam of light that can be read by every one of the estimated 165 million laser scanners in use today by retailers worldwide. With mobeam’s technology, the Galaxy S4 can beam traditional 1-D barcode data to any laser scanner with no new equipment, such as optical scanners or backend systems, required by the retailer.

SelectCore to Issue PrePaid MasterCards at Fashion Week

SelectCore prepaid payment solutions announced it will issue prepaid MasterCard cards for the World MasterCard Fashion Week to be held in Toronto March 18th thru 22nd. SelectCore will be issuing personalized prepaid MasterCard Cards onsite to VIPs and visitors at this year”s event. Using Datacard Group”s instant issuance printers and SelectCore”s proprietary, real-time card load and activation platform, original cards designs featuring event-related photography will be personalized onsite and provided to attendees seeking to capture the Fasion Week experience in a unique way. World MasterCard Fashion Week is an ever evolving platform that seamlessly connects designers with buyers, press and consumers.