CTS North America launched its “ClearPIXTM” middleware product at the BAI Payments Connect 2013. For human readability and Courtesy Amount Recognition (CAR) scoring when processing money orders and other non-conforming items, CTS’ “ClearPIX” features a set of advanced algorithms that enhance accuracy and image quality when processing difficult-to-read items, such as money orders, WIC vouchers and postal orders. It automatically recognizes the item-type of a scanned document and then applies the proper algorithms to reduce background noise and enhance the contrast on foreground objects, such as the courtesy amount.
JPMorgan Chase released the results of its “company-run” 2013 Dodd-Frank Act Stress Test for JPMorgan Chase & Co. on its website, www.jpmorganchase.com, under Investor Relations, Investor Presentations. JPMorgan Chase global financial services firm serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
U.S. Bank introduced its m-Photo BillPay to its customers, allowing them to set up bill payments by snapping a picture of their bills with their camera-enabled smartphone or tablet. This eliminates the need to manually enter payment information and makes adding or transferring billers and paying bills much quicker. This is the culmination of its partnering with Mitek to bring Mobile Photo Bill Pay™ to its customers.
Green Dot appointed Sam Altman, Executive VP, Mobile Products and Strategy to its Board of Directors. With this, he will serve as a Class I director on the board of directors, now comprised of eight members. Altman joined Green Dot in March 2012 upon the Company’s acquisition of Loopt, Inc., a pioneer in mobile user interface design, real-time location-based mobile rewards marketing, and geo-location application technology that Sam co-founded in 2005. Mr. Altman was featured in Inc. Magazine’s Top 30 Entrepreneurs Under 30 and BusinessWeek’s Tech’s Best Entrepreneurs.
Fiserv has launched its www.spotpay.com, a new website for small businesses to learn more about and enroll in the “SpotPay” mobile card reader and RDC solution. This lets financial institutions to offer small business account holders an anywhere, anytime mobile solution to accept both card and check payments from a smart phone with the durable and secure SpotPay reader. Small businesses that enroll at www.spotpay.com will automatically be matched to their participating financial institution. Additionally, their financial institution will receive all the benefits of the enrollment, including co-branding and incentives, allowing them to realize strong returns on investment. If the SpotPay user’s bank or credit union isn’t yet a SpotPay member, the merchant will be enrolled directly until their financial institution joins SpotPay.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor catapulted 3 points from 90.8 to 93.8 in February, as consumers spending intentions remain strong and plan to increase spending on gas and groceries and home improvement. Looking at the numbers, consumers projecting to spend the same amount of money next month increased 4% next month…
PayOne mobile payments and carrier billing filed a patent infringement lawsuit against The Home Depot, Inc. in the Northern District of California. The suit asserts The Home Depot retail store deployment and use of PayPal’s in-store checkout infringes on multiple PayOne patents including the use of a mobile phone number and a PIN (personal identification number) to complete the checkout process and payment at point of sale. The complaint seeks unspecified damages and a court-ordered injunction against future infringement by The Home Depot. The asserted PayOne patents include United States Patent No. 7,848,500, entitled “Method And Apparatus To Validate A Subscriber Line”; and United States Patent No. 7,848,504, entitled “Method And Apparatus To Validate A Subscriber Line.”
Fiserv financial services technology solutions has integrated its “Popmoney” P2P payments service on the “Mobiliti” mbanking and payments platform. This allows P2P payments initiated directly from a user’s mobile banking account, enhancing the functionality of mobile banking by enabling consumers to pay people they know or owe using their email address or mobile phone number. Consumers can also manage incoming payments and review their transaction history. Popmoney is now readily available within the Mobiliti mobile banking user interface, making it easy for users to manage their mobile banking and payments activity from a central hub. With mobile banking adoption surging and consumers beginning to utilize the service in more sophisticated ways, it has become increasingly important for financial institutions to deliver a unified set of mobile banking and payments options. The Popmoney service is integrated into the CheckFree® RXP® electronic billing and payment solution and the Corillian Online® and Virtual Branch® online banking solutions from Fiserv and is available as a standalone service.
GE Capital Retail Bank and the Thomas Kinkade inked a multi-year agreement to provide a private label credit card program for consumers, for which GE Capital will manage the relationship and account service. The consumer financing program is available at more than 350 participating Thomas Kinkade authorized galleries and approved dealers, offering competitive rates and promotions, including deferred interest payment options on purchases of the artist’s limited edition artwork, open edition pieces and licensed products such as collectibles, home décor and furnishings. GE Capital’s Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States.
Chase Sapphire premier travel rewards card launched its 2013 Golf Experience Program offering golf enthusiasts access to two professional golfers. Chase Sapphire’s Golf Experience Program enters its third year and will be hosted by the 2012 U.S. Open Champion, Webb Simpson and renowned professional golfer, Stewart Cink. The experiential program is exclusively for Chase Sapphire cardholders and includes a series of six events in cities across the U.S. this year. Chase Sapphire cardholders can redeem their credit card rewards points to participate in unique golf experiences with Simpson and Cink. Experience packages include a shoulder-to-shoulder walking clinic with one of the professional golfers, personalized swing analysis and a round of golf at one of the country’s most beautiful courses.
American Express and luxury vacation club Inspirato to deliver the club’s unique vacation experiences under the new brand “Inspirato with American Express,” available to all consumers with special benefits to American Express® Cardmembers. Inspirato is the first luxury destination club to lease rather than own its properties – and as a result, avoid the six-figure, up-front fees common in the industry. Members enjoy personalized pre-trip vacation planning and on-site concierge services, and pay members-only nightly rates – often at significant savings – to vacation in exquisite homes that average $3.6 million in value and are exclusively managed by Inspirato. Inspirato offers private vacation homes, luxury hotel partners and adventure travel experiences in such world-class destinations as Aspen, St. Barts, Nantucket, Sonoma, Los Cabos, Maldives, Tuscany, Maui and Provence.
TransCard prepaid product offerings to financial institutions is now allowing banks to give consumers an option to create their own personalized Prepaid MasterCard through cardgistics. Customers can use online banking services for user generated photo card design. In just a few easy steps, clients can personalize their reloadable Prepaid MasterCard with their favorite memory to always carry with them. After uploading and editing a personal photo, consumers need only to sit back and relax after placing their order. Consumers can access the designer through a link customized with the banks logo and message, upload their chosen digital photo, adjust image as desired and submit the design.