Euronet Worldwide added Spain and Italy to its portfolio of Independent ATM Deployed (IAD) networks, its first IAD network deployments completed without a sponsor bank and expands Euronet’s position as the fastest growing and most geographically diverse Independent ATM Deployer in Europe. This also marks Euronet’s first EFT presence in these countries which were made possible by the European Payment Service Directive (PSD) e-money license granted to Euronet in 2011. The combination of the PSD license, together with approval for direct membership with Visa and MasterCard, allow Euronet to acquire ATM debit and credit card transactions without the requirement of a sponsor bank. Market entry into Spain and Italy brings Euronet’s IAD presence 10 European countries, including: Spain, Italy, Romania, Greece, Croatia, Poland, Germany, Czech Republic, Ukraine and Bulgaria.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s 30-day delinquency rate for U.S. credit cards was up to 3.37% in August from 3.09% in July, according to the SEC. This compares to its international business counterpart, indicating a rate down marginally from 4.77% to 4.78%. The US figures are up significantly on delinquencies for all U.S. credit…
All cardholders with MasterCard “rePower”-enabled prepaid cards can now reload their cards at more than 45,000 Western Union Agent locations. With this, MasterCard now has the largest open reload network in the U.S. with over 100,000 locations while its “rePower” network is open to any MasterCard issuer of reloadable prepaid card programs. The partnership made MasterCard the preferred brand for Western Union-sponsored prepaid programs around the world and Western Union the preferred money-transfer provider for MasterCard.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%. Meanwhile, payroll employment was up a mere 96,000 employees in August as the unemployment rate maintained its stagnant 8.1%, where it has held the narrow range…
FIS announced Barclays has deployed FIS’ “Profile” core account processing solution to support the launch of the bank’s new online savings and CD products for U.S. consumers. This offers a turnkey solution with real-time account processing and online account origination, enabling the bank to provide customers with a seamless and secure experience in account opening and ongoing service. Deploying Profile will enable Barclays to provide competitive products and solutions to its U.S. customers, including high-yield certificates of deposit (CDs) and high-yield savings accounts.
Q2ebanking electronic banking solutions for banks and credit unions throughout the U.S. naked Mark E. Johnson chief financial officer. Responsible for managing all aspects of the company’s finance, human resources, legal and compliance departments, Johnson will provide leadership and guidance to Q2ebanking’s parent holding company, CBG Holdings Inc. Johnson was the CFO for SumTotal Systems, a Strategic Human Capital Management (HCM) software company providing cloud-based solutions to manage the full employee lifecycle. He was also vice president and business unit CFO at BMC Software, a leader in Business Service Management solutions, where he was accountable for all financial aspects of an $800 million business unit, providing leadership as it achieved its short- and long-term financial objectives.
Inside Secure and TazTag launched the “TazPad V2” seven-inch Android 4.0 (aka Ice Cream Sandwich, or ICS) tablet computer. Available now from TazTag, the “TazPad” tablet combines the EMVCo-certified secure near field communication (NFC) capabilities provided by the INSIDE Secure SecuRead(R) NFC module and Open NFC(TM) protocol stack with biometric authentication capabilities and an extensive array of wireless connectivity technologies to enable solution providers to efficiently support a variety of commercial, professional and consumer mobile applications. The TazPad uses the EMVCo-certified secure element of the SecuRead module to securely store fingerprint images, which can then be compared to those gathered through the built-in fingerprint scanner for authentication purposes.
MasterCard launched its “Mobile MasterCard PayPass User Interface Software Development Kit” (UI SDK) for Android and BlackBerry OS 7 mobile OS. This helps issuers, mobile network operators and third party developers rapidly build innovative new mobile applications that give consumers the speed and convenience of PayPass Tap-and-Go contactless payments – directly from their smartphone. MasterCard is providing a programmer-friendly set of functions that make it easy for application developers to rapidly deliver payment apps to consumers – without having to become smart card programming experts.
Silicon Valley Bank released SVB “PayAbility” online and mobile payments service. Co-developed with MineralTree, SVB PayAbility integrates easily with accounting systems like QuickBooks and allows businesses to save time, streamline processes and enhance the security of their payments function. SVB “PayAbility” addresses a gap in payments services available for small and medium-sized businesses and streamlines communication and offers multiple payment options, such as ACH and checks, and innovative documentation management capabilities.
RubyLane.com partnered with Amazon Payments to offer buyers an additional payment option on its site. Sellers on the site now pay 2.4% plus $0.30 per transaction (regardless of the sales volume through Amazon Payments), rather than the usual rate of 2.9% plus $0.30 per transaction, until at least October 1, 2013. After the introductory period, rates are subject to change, but will not exceed 2.9% plus $0.30 per transaction (for International Orders there is an additional 1% fee per transaction).
Western Union signed agreements with Industrial and Commercial Bank of China (ICBC), allowing customers to send or receive money from their online bank accounts on a 24/7 basis around the world through Western Union’s global network. ICBC can now activate the Account Based Money Transfer Service which will allow customers to receive funds in US or RMB currencies. ICBC is a much awarded bank on a global and national scale and has a portfolio of 282 million account holders, of which 115 million are activated for online banking. The agreement with Western Union will propel ICBC to lead Bank account-linked inward and outward remittances in a nation that receives the second largest amount of remittances in the world – US$62 billion based on the World Bank 2011 data.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the Total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%, according to the Federal Reserve. Down from the June figure of $855.5 billion to $850.7 billion, outstanding revolving US consumer credit compares to the year ago…