VeriFone Appoints New Board Member

VeriFone Systems announced that Wenda Harris Millard, president and chief operating officer of MediaLink LLC, was named to VeriFone’s board of directors. Millard was a key driver at DoubleClick, Ziff Davis, Yahoo!, and Martha Stewart Living Omnimedia before assuming her current role with MediaLink, an advisory firm that provides critical counsel and strategic direction to the media, marketing, advertising, entertainment and technology industries. She also sits on the board at True North, Martha Stewart Living Omnimedia, Context Web and, currently, Millennial Media.

Bluepoint partners CFC Technology for mRDC

Bluepoint Solutions and CFC Technology partnered to offer mobile check capture and consumer in-home check capture to community banks and credit unions. With this, CFC Technology will add Bluepoint’s QwikDeposit ToGo and QwikDeposit Home remote deposit capture solutions to its current product portfolio. Bluepoint’s QwikDeposit ToGo allows smartphone users to take photos of their checks with their mobile phone and deposit those checks to their checking or savings account. Smartphone users simply download the application provided by their financial institution to their mobile device and follow the app’s step-by-step deposit instructions. QwikDeposit Home lets users capture check images on a scanner and deposit on their financial institution’s internet banking portal.

FIS Clients Adopt Prepaid Solutions En Masse

FIS announced that it experienced continuing market demand for its prepaid solutions in the first half of 2012 as financial institutions, retailers and other market sectors expand the use of prepaid cards to deliver a convenient and cost-effective payment option to consumers. This growth is represented by more than 80 new or expanded client agreements across the globe. FIS’ strategic focus is to be on the forefront of real-time global money movement and be the leading provider of real-time banking and payment solutions. FIS delivers global connectivity and empowers both financial institutions and non-financial institutions to drive new sources of revenue and profit from emerging payment opportunities.

Western Union to Launch Payment Platform for NGOs

The Western Union Company announced its commitment to creating a financial platform for the payment needs of non-profit and non-governmental organizations (NGOs) with the Western Union “NGO Global Pay.” The “NGO Global Pay” is designed to help NGOs overcome the gap between funds that need to be disbursed and the people who need them. It will leverage the company’s 510,000 physical locations to help connect NGOs to the people they serve in over 200 countries and territories around the world. With this, Western Union will offer a wider array of pay-out options for nonprofits to send funds and tools to help NGOs monitor and report on fund disbursement.

NRF Shows Swipe Reform Saving Near $18mm Daily

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The National Retail Federation is now showing U.S. retailers and consumers are collectively savings nearly $18 million daily. This money previously went to card companies and banks as debit card swipe fees, costing retailers and consumers $22 billion in 2010, for an average of $192 a year for each of the…

Conference Board Shows Luffing Economic Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index was down 0.1% in last month to 95.7 (2004 = 100). This indicates flat economic growth as strengths and weaknesses in our economy remain balanced. This after a promising 0.5% increase in July, but a 0.5% drop in June. Showing positive current economic activity in…

ACE Software Launches New Payment Service

ACE Software intelligent products and solutions for financial institutions launched its “PelicanPay” service for corporates. This offers a global payments hub that allows corporates operating in a multi-bank and/or multi-ERP environment to control and manage payments securely through a single, SEPA-compliant channel. The “PelicanPay” platform reduces risks and exceptions, designed with best practice in payments in mind to give users visibility and control over both cash and risk management.

GiftCardLab.com Acquires 1-800-GIFTCARD.com

GiftCardLab.com online provider of gift cards acquired 1-800-GIFTCARD.com. GiftCardLab.com was the first company to offer a customized Visa Gift Card and to ship gift cards with a customized greeting card. Now the company is continuing to blaze a trail in the gift card industry by being the first online gift card store to offer local merchants gift cards branded with their own logos and images. Additionally, the convenience of online ordering protects consumers from gift card tampering. Since the gift cards and card numbers are protected, GiftCardLab.com customers know their gift cards will arrive to the recipient untouched and fully loaded with the requested amount of funds.

Average Card APR way Down Year-Over-Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Having not wavered much, average credit card APRs have demonstrated the greatest discrepancy since its year ago figure in months. After peaking at well over 15% following the holiday shopping season, credit card interest rates have plummeted back to averages not seen since August. Now standing at 14.91%, averages have witnessed…