[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.2% in October to 96.0 (2004 = 100), keeping in conjunction with a 0.5% increase in September, but a 0.4% drop in August. The LEI still indicates modest economic expansion in the near term. Over the last six months, improvements…
Coastal Federal Credit Union, a $2 billion not-for-profit member-owned financial cooperative serving North Carolina, has extended its members’ mobile banking experience by enabling them to use their mobile device camera to scan and deposit checks using mobile software from NCR Corporation (NCR). Coastal Federal was one of the first financial institutions to launch mobile check deposit integrated into APTRA Mobile Banking. NCR APTRA Passport Remote Deposit Capture software with the mobile banking app offers a range of core banking functions on their mobile device including balances, transaction history, bill pay, and funds transfers – and now deposit checks without leaving their home. Members just choose a “deposit check” option where they will be prompted to take a photo of the front and back of the check. After confirming the value of the check, the check image will be transmitted for processing.
American Express has launched a new app for Android and iPhones that uses the mobile’s onboard camera to snap and store receipts for later reconciliation with account statements. The “ReceiptMatch” solution can be used by company employees to capture images of receipts on the go and add a note to the transaction. The captured images are automatically matched to the corresponding transaction on account statements.
INSIDE Secure has entered into an agreement to purchase Embedded Security Solutions (ESS) high expertise business which designs and develops encryption-related security hardware intellectual property (IP) and software for a variety of industries, including the mobile and networking markets. This acquisition will enable INSIDE Secure to reinforce its position as a key player in the fast-growing security solutions market. ESS brings to INSIDE Secure complementary offerings for a complete security architecture, as well as additional solutions for securing both content (Digital Rights Management or “DRM”) and data exchange (Virtual Private Network or “VPN”); ESS complements INSIDE Secure’s know-how with a talented team of 79 highly qualified employees located in Europe, Asia and in the US, as well as its extensive and highly regarded security intellectual property and technology portfolio, which aligns with INSIDE’s long-term strategy to generate its own IP licensing revenue; and this will allow INSIDE Secure to access a wider customer base in the mobile, content provider and network industries that serve a variety of application markets.
Mobile Wallet Media introduced an option for standardization in m-payments in an otherwise fractured. The “Merchant Customer Exchange” (MCX) was founded to allow a mobile or digital wallet to utilize any mobile payment technology adopted by a retailer, whom must be registered for a mobile wallet using the invention’s technology. The mobile payment service provider must also be integrated to work with the invention’s technology. The retailer just needs to login into the mobile app, verify store location and can then implement the standard mobile payment technology.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Consumer Confidence Index, which had increased in September after declining in August, improved once again in October to stand at 72.2 (1985=100) from the September figure of 68.4. The monthly Consumer Confidence Survey indicated those claiming business conditions are “good” rose to 16.5% from 15.3%, while those saying…
For undisclosed terms, Tsys is set to acquire ProPay payment solutions, which currently processes for approximately 250,000 small and micro-merchants. It offers merchants self-enrollment, instant activation and simplified pricing to begin accepting payments anytime or anywhere ” online and offline. ProPay- which will become a wholly owned subsidiary of TSYS- offers a mobile payment acceptance dongle ” branded as ProPay JAKTM ” that attaches to smart phones and tablets to securely process payments and encrypt data.
Chase Card Services announced cash back rewards for servicemembers on Chase military credit cards will no longer expire. Military cardmembers also now have more reward redemption options and two enhanced websites — www.chase.com/militarystarrewards and www.chase.com/militaryfreecash — to view all reward options available. These new and improved benefits are automatically and immediately available to MILITARY STAR® Rewards MasterCard®, Marine Corps Community Service (MCCS) MasterCard®, Army Morale, Welfare, Recreation (MWR) MasterCard®, Air Force Club MasterCard®, and Navy MWR MasterCard® cardmembers. Cardmembers also continue to receive the benefits of the Blue Star Deployment Program, which provides a full refund of any interest and fees incurred during deployment. Family members can still use their cards while a cardmember is deployed – a benefit that only Chase provides. Chase has been offering servicemembers specialty service since 1989.
Fiserv financial services technology has been recognized as a top provider of branch image capture and remote deposit capture solutions by Celent, one of the leading advisory and research firms for the global financial services market. The report recognized Fiserv for its impressive source capture market share, which includes more than 600,000 end-users and 3,600 financial institution clients. A full range of Source Capture Solutions are available from Fiserv to enable image capture at the branch, as well as deposits captured at the branch or ATM, or those received from a customer’s business, home or smartphone.
The Western Union Company global payment services announced more than 15,000 billers are now in its U.S. walk-in payments service network. The Western Union biller network provides consumers the ability to make utility, mortgage, auto loan, credit card and insurance bill payments at over 45,000 Western Union® Agent locations. Instead of relying on traditional mail service or the Internet, customers would rather visit a location near their home or place of work where they can make a payment and instantly receive a receipt showing that they have paid.
Capitec Bank is deploying Diebold ATMs to deliver advanced functionality, enhanced security and convenience to its consumers. The agreement includes Opteva® 328 ATMs which feature cash recycling technology, allowing users to perform advanced transactions using notes, coins and checks, as well as perform all standard ATM functions in a single machine. Diebold’s cash recycling ATMs automate note and coin validation, improving transaction flow and security. Migrating transactions from the teller line to the self-service channel makes money management more convenient for the user, while also allowing Capitec’s tellers to focus their time on providing value-added services to consumers.
American Express chose FIS’ InstantFunds Mobile technology to provide mobile-driven remote check capture for Bluebird accounts. FIS InstantFunds Mobile enables consumers to use their smartphones to scan a check and add funds into their account, thus limiting fraud by leveraging FIS’ analytics and payment guaranty technologies.