Citigroup has been ranked the greenest bank in the United States by Newsweek magazine on the annual Newsweek “Green Rankings.” This comprehensively assess the environmental performance of the largest publicly traded companies in the U.S. and around the world, for which Citi was ranked the 17th in the United States- the highest ranking of any U.S.-based bank for the second year in a row. This is thanks to its role in the creation of the Equator Principles and Carbon Principles, two standards for addressing environmental and social risks in the financial sector, and its $50 billion Climate Initiative aimed at supporting renewable energy, energy efficiency and clean technology. Also, Citi has directed over $36.4 billion as part of the 10-year initiative announced in 2007, including financing for two of the world’s largest solar energy projects.
Concerns about retirement and the cost of health care declined from six months ago among mass affluent Americans (consumers with $50,000-$250,000 in investable assets) according to the Fall 2012 Merrill Edge Report. Released today by Bank of America, the survey also found that college education continues to be a major concern, but this group is also taking greater responsibility for their finances. Seventy-three percent of mass affluent fear that their retirement assets will not last throughout their lifetime, down from 83% in April 2012, and 84% of this group are concerned about the rising cost of health care, also down from 89% in the same time period. Sixty-nine percent of mass affluent couples discuss their finances at least a few times per month with 34% of married mass affluent Americans are discussing their finances more than their sex life. Meanwhile, 52% of mass affluent have saved less than $250,000 for retirement. As a result, more than half of respondents plan to retire later than they had one year ago (56 percent), a year-over-year increase of 19 percent from November 2011. Three in four (73 percent) mass affluent who are between 10 and 19 years from retirement have made changes to the way they save for retirement over the past year with 36 percent trimming everyday costs to bolster their savings and 21 percent starting to work with a financial advisor.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS posted 3Q/12 a basic earnings per share of $0.32, up 5.7% from the year ago period while revenues before reimbursable items were $406.1 million and operating income was $90.9 million, up 4.1% and 12.0%, respectively, from the year ago period. Total revenues for the quarter were $468.1 million, an increase…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa research now shows consumers in six developing countries are already highly aware of mobile money services. Nearly 90% of consumers surveyed expressed interest in making use of these services in the future. The study also found that security concerns associated with carrying cash and the need to quickly send money…
SocialCubix launched its Facebook game payments application for the battery-powered Dynamics ePlate credit card device. When the “Scavenger Shop” experience is selected, a consumer’s gaming environment will change as they use their Dynamics ePlate credit card device. Consumers can sign up for a battery-powered Dynamics ePlate credit card device, subject to a credit approval, for individualized brand experience, through an experience application. The consumer can use different buttons on their ePlate device to select different experience applications.
Better ATM Services is set to expand the ATM-dispensed Visa prepaid card program throughout the U.S. The decision to grow the program followed the enthusiastic response from consumers and financial institutions during an in-market pilot program conducted through financial institutions in Arizona. Better ATM Services enabled ATMs at participating pilot financial institutions to use on-screen options and minor hardware adjustments to allow customers to purchase Visa prepaid cards directly from the ATM. Menus allow consumers to select between cash or Visa prepaid cards. While the pilot program allowed the selection of fixed value cards, menu options now allow account holders to designate the value to load on each card they purchase.
The Multi-Level Marketing International Association (MLMIA) is supporting PayAnywhere, providing all members of the multi-level and direct sales profession, including corporate, support (vendors/suppliers) and independent distributors, with the mobile payment industry’s only enterprise-grade, “pay-as-you-go” mobile point of sale solution. PayAnywhere empowers MLMIA to offer to everyone in the industry the mobile payment tools they need to successfully sell merchandise and analyze which items are getting the most traction amongst buyers. PayAnywhere carges no hidden fees: no setup, monthly or cancellation fees. Independent distributors and brand reps using PayAnywhere enjoy a low 2.69% fee for swiped transactions and the fastest payouts in the industry, with transaction funds typically deposited in merchant accounts within two business days. Its available on iPad, iPhone, iPod touch, Android and BlackBerry devices.
Earthport cross-border payments service provider and ebpSource electronic bill presentment and payment forged agreements by which ebpSource will offer cross-border payments solutions to its customers. This is in response to the growing demand from organisations for strategic international payments solutions to complement what they are doing on a national level. ebpSource delivers software solutions, consultancy and support to global billers, banks, payment processors and outsourced service providers. ebpSource is also master international distributor for a number of market-leading e-billing and payment technologies. The collaboration with Earthport will provide these organisations with better options for international payments products and the ability to quickly launch competitive white label services internationally.
Dynamics payment devices is set to announce its “ePlate” credit card device at Aria Resort + Casino in Las Vegas. It will launch with financial partners as well as content partners. The consortium will discuss and demonstrate the unique benefits and functionality of the ePlate™ credit card device. Dynamics was founded in 2007 and produces and manufactures intelligent powered payment cards and advanced payment platforms. The company has won many of the world’s most prestigious international business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis Venture Competition and the University of San Francisco Business Plan Competition.
First Data launched its “Rapid Connect” technology layer that enables simplified integration to First Data. This provides software developers and direct-connect merchants a streamlined way to create, test, certify and deliver payment-rich applications all through a single interface to enable customers to pay any way and anywhere they choose. It ultimately provides development and testing tools to allow developers and First Data merchant partners to easily manage payment interfaces and self-certify, saving time and cost. This includes a web-portal, easily accessible online certification management, tailored developer tool-kits, a robust development Sandbox, a universal message format, specialized support resources and a framework that will support ongoing innovation.
Visa and Chexar launched a network platform to digitize traditional banking services for consumers, allowing Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device by snapping a photo of a paper check. Powered by Chexar’s technology, including its remote deposit capture platform, the service provides Visa cardholders with immediate access to funds on their Visa prepaid card, enhancing convenience and security and reducing costs for consumers. Prepaid cardholders with RushCard, AccountNow and Plastyc, as well as select FSV Payment Systems cardholders, will be able to enroll their Visa prepaid card, and immediately begin making remote deposits. As consumers move between devices and deposit channels, their prepaid account now moves seamlessly with them and works reliably from any device.
NCR made available its “P1230” and “P1530” POS terminals with more processing power, higher reliability and ease-of-use all in an energy efficient and award winning design. NCR was recently honored by the Industrial Designers Society of America at the International Design Excellence Awards (IDEA) with a Silver Award for its work designing the 30 series point-of-sale terminal platform. Powered by Intel’s “Atom” D2700 Dual-Core high-performance processors and features such as passive cooling, LED displays and solid-state technology, the new terminals drive significant energy efficiency and reliability through lower power consumption. This increased processing power is complemented by the addition of up to 4GB of RAM, either a 16GB solid state SATA drive or an Intel® Solid-State Drive 320 Series 40GB solid state 2.5″ SATA drive.