American Express has unveiled a series of partnerships designed to create seamless and engaging shopping experiences for consumers that turn unique, curated content into commerce. Timed to the launch of the fall fashion season, American Express is enabling digitally minded shoppers to Fancy, Like and Sticker to find inspiration, connect to fashion and, exclusively for American Express Cardmembers, receive benefits, offers and experiences. In partnership with The Fancy, American Express has created a first-of-its kind brand channel curated by tastemakers and fashion industry insiders that will feature an offer exclusively for American Express Cardmembers. Cardmembers who sync their eligible American Express Card at Sync.AmericanExpress.com could get $20 back on their next purchase of $100 or more on The Fancy.
MasterCard & Citibank launched the PremierMiles and Rewards cards. The PremierMiles USD card for affluent frequent travelers, will be exclusive to MasterCard. Citibank is the first bank to be granted a stand-alone issuing license in China, and last month became the first global bank to issue credit cards in the country in this manner, marking a breakthrough for Citibank. Other foreign banks will need to apply and be approved by the Chinese regulatory authorities if they want to issue credit cards in China on a stand-alone basis. Rewards Card is targeted to the mass affluent and emerging affluent segment of value seekers who are looking for the best deals and maximizing returns from everyday spending.
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″] 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.
[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…
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.
Barclaycard US will promote mobile and online commerce by encouraging its cardholders in the U.S. to save their card to Google Wallet which enables consumers to securely and easily shop online where they see the ‘Google Wallet Buy’ button or in-person using the Google Wallet mobile app. Consumers who use their Google Wallet with their Barclaycard account will receive all the benefits and rewards they typically receive when using their Barclaycard – as part of a new, simple and easy-to-use experience.