Economic Confidence Lowest 2012 Level

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor hit its lowest 2012 level in August, down 0.7 points from July to 88.6, showing the third consecutive monthly increase in those convinced the economy is getting worse. Those perceiving the U.S. economy as poor having leveled out from June to July, 56% ranked the economy…

US businesses Now Process 15.5B Remittances Monthly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. businesses now process 15.5 billion remittances monthly with domestic and international trading partners, only 14% of which are sent simultaneously with payments, indicating businesses currently re-associate the remaining 13.3 billion remittances that are sent separately each month. For businesses, the timeliness of remittance information is the most important aspect of…

Western Union Expands Intl Business Payments

Western Union Business Solutions launched its business-to-business service in for cross-border payment services in Chile, Cyprus and Jordan. In Chile, Western Union Business Solutions’ payment offerings will be provided by Chilexpress, a leading courier and logistics company with a presence in over 360 Chilean cities. Chilexpress has a strong customer base in a growing market that registers more than 140,000 SMEs. In Cyprus, Western Union Business Solutions will be introduced via GAP Vassilopoulos, a leading logistics provider with a strong SME client base while Western Union Business Solutions’ partner in Jordan is Kamal Exchange.

Union First Market Bank Launches iPad Banking

Union First Market Bank launched its ‘Tablet Banking’ for the iPad through Intuit Financial Services. Allowing users to access a wide variety of mobile banking functions, the Intuit solution gives access to view account balances and account transaction history; funds transfer; to pay bills on the spot; locate nearby ATMs; and access to bank websites. A recent Intuit study1 of 50,000 mobile banking customers found that people using a combination of online and mobile solutions are 45 percent more likely to interact with their financial institution than those who only go online.

Broadridge Conforms Trade Platform to Dodd-Frank

Broadridge Financial Solutions has enhanced its “PROactive Matching” platform to help financial organizations meet the new Dodd-Frank disclosure requirements for foreign exchange (FX) trade repositories. Requiring firms to identify individual FX transactions to new data repositories by using a Universal Swap Identifier (USI) that uniquely indentifies each trade, the Dodd-Frank requirement is now facilitated in “PROactive Matching.” It offers a highly efficient pre-settlement confirmation matching solution that offers a single point of control for the matching and management of multiple confirmation sources, such as FpML (XML), Web Portal, email, fax, paper and SWIFT messaging.

WePay does a YouTube with new payments embed code

WePay online payment announced buttons that allow merchants to accept payments on their own sites without requiring them to write code or redirect their customers. It’s as easy as copy-and-paste. No Programming – If you can embed a YouTube video you can accept payments with WePay. It’s as easy as copy-and-paste. No Redirect – The entire checkout process takes place on your site. Your customers never have to leave. Just embed the button, and we’ll handle the rest. Simple Pricing – No setup, monthly, or hidden fees. Just 2.9% + 30¢ for credit cards and 1% + 30¢ for bank payments. ‘Add to Cart’ buttons let you sell multiple items; ‘Donate’ buttons help you raise money online; ‘Register’ buttons make event registration simple.

Kilowatt Credit Union chooses First Data Debit processing

Kilowatt Credit Union selected First Data for debit processing services. Having joined the Star Network, signing a multi-year agreement under which STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to its cardholders, Kilowatt Credit Union serves the employees and families of Alliant Energy Corporation and its subsidiaries. The League has had a relationship with First Data for debit processing services for more than a decade. STAR EFT networks has more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.

Animas Credit Union Selects XP2 from Fiserv

Fiserv financial services technology solutions and the leading provider of business driven technology solutions for credit unions, announced Animas Credit Union implemented its “XP2” account processing solution. Animas Credit Union also selected “Mobiliti” for mobile banking, Virtual Branch® for home banking, bill payment and online lending, ConvergeIT®: IVR for voice response and Wisdom™: Accounting for financial management, as well as solutions for ATM and debit processing and card, print and e-statement production.

PreCash Expands Its Bill Payment Functionality

PreCash payments and transaction processing expanded its bill payment service, making it possible for consumers to make a payment to more than 10,000 providers. Coupled with its existing billers, prepaid wireless payments, prepaid energy, international mobile top-up and prepaid long distance services, PreCash offers retailers, money service businesses (MSBs) and other companies the most complete suite of payments services available in one place. All of PreCash’s payments are available through an easy-to-use, cloud-based interface. The clerk takes a customer’s cash payment, collects a convenience fee and the transaction is processed electronically.

Discover Reinforces College Football Sponsorship with Fan Poll

Discover will launch a 15-week fan loyalty poll in September that will give die-hard fans a platform to showcase dedication to their favorite college football team. Title sponsor of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover will survey college football fans to find out which school truly has the most loyal fans in America and release these findings weekly alongside an additional bi-weekly supplement. Beyond title sponsorship of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover’s commitment to college football includes relationships with ESPN and Notre Dame football on NBC.

VeriFone Intros Developer Portal for mPayment

VeriFone Systems officially kicked off its “SAIL Developer Portal” for application developers, granting access to tools and APIs that enable them to integrate with the SAIL mobile payment platform. The new mobile payment solution provides tools for independent developers to easily integrate instant enrollment with an open platform that enables mobile application developers and technology providers to build their own payment or marketing solutions with VeriFone infrastructure. The SAIL Developer Portal features a SAIL Instant Commerce Toolkit that enables developer plug-and-play access to the components of the SAIL Open Payment platform, including APIs for real time merchant enrollment, payment processing through the secure SAIL payments engine, as well as inventory and data sync capabilities. Developers can use the complete toolkit to develop their own iOS and Android mobile payments solutions, without having to rebuild secure gateway or mobile device driver assets.