ACI Worldwide (ACIW) payments systems announced ACI Money Transfer System has received the SwiftReady payments accreditation for the fifteenth consecutive year. Also, its ACI Global Trade Manager achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row. SWIFTReady accreditation for payments recognizes that ACI’s Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label, received by ACI Global Trade Manager, is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the Bank Payment Obligation or BPU.
Bank of America made available its online and mobile cash back deals program, “BankAmeriDeals,” providing one-click deals they want through Bank of America’s Online Banking and Mobile Banking app. Cash back deals are put right into the customers’ account and are in addition to other rewards customers may already receive. Through the program, which has been rolling out in phases throughout the country, more than 130 million cash back deals have been served to customers. The program is free for Online Banking and Mobile Banking customers. Deals from a variety of retail categories appear in Online Banking, so customers can choose the deals they want while they’re managing their finances. Run by Cardlytics through its targeted advertising network, the program includes national as well as local and regional merchants.
Virtual Piggy online youth purchasing entered into a Strategic Partnership with Payvision to expand the Virtual Piggy e-commerce service to the global marketplace. Virtual Piggy has been designed to support transactions in over 100 different currencies and is currently integrated with leading payment gateways. This agreement adds Payvision to that group and gives Virtual Piggy greater ability to expand in the international marketplace. Payvision’s experience in different international regions, has resulted in a global network of global acquiring banks, connecting over 300 trusted business partners with more than 5000 web merchants worldwide, for which they process over 100 million transactions a year.
hyperWALLET global payment solutions expanded its prepaid card product line to include a General Purpose Reloadable (GPR) Visa prepaid card for the financial needs of independent sales representatives in the direct selling sector. hyperWALLET Best in Category for Prepaid Incentive, Reward, Rebate and Loyalty Program at the 2012 Paybefore Awards, will offer the full-feature, low-fee General Purpose Reloadable (GPR) Visa prepaid card to its USA corporate clients and their payees. Similar to other general purpose prepaid card programs in the market, hyperWALLET’s card can be used as a bank account alternative, allowing the cardholder to fund the card from a variety of sources, including cash at over 40,000 retail locations and direct deposit of employment earnings, such as wages or salary.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bankruptcy filings fell between 8-10% in 1Q/12 from the year ago period and down significantly during the period from June 2011 to June 2012 from the year ago period, according to the American Bankruptcy Institute. The Administrative Office of U.S. Courts reported filings dropped 14 percent during that period. Both Chapter…
Discover Financial Services is a winner of the Learning! 100 Award by Elearning! Magazine for its learning, culture, innovation and collaboration that drives performance. The program supports workers-in-training to perform as if they were current employees already staffing the call centers. This program is used by Discover to ensure that customers are offered a premier level of customer service. Discover ranked 19 out of 60 corporate enterprise honorees in the Learning! 100. The Learning! 100 Award program has a research-based approach. Nominees were evaluated for Best-in-Class Learning & Development assessment, Learning Culture index and overall organizational performance.
Wells Fargo & Company is waiving remittance transfer fees for ExpressSend transfers for customers sending money using the ExpressSend service to the Philippines impacted by the floods, effective August 15th-30th. The Bank is also donating $50,000 to the American Red Cross for relief efforts. ExpressSend customers can send up to $3,000 a day for $4 if originated from a Preferred, Complete Advantage, or Premium Membership Checking.
Capital Payments has changed its names to Bluefin Payment Systems following its merger with the Company. Capital Payments has become a leading strategic partner to integrated software vendors (ISVs), developers and software as a service (SaaS) providers serving more than 15,000 U.S. and Canadian businesses. In an effort to stay ahead of a growing demand for secure gateway solutions in the payment industry, Capital Payments merged with Bluefin Payment Systems in Q2 to offer payment acceptance technology solutions leveraging Bluefin’s proven and feature-rich processing platform.
USA Technologies launched ePort Mobile mobile acceptance solution for retailers to accept credit and debit cards “on the go” through USAT’s highly secure, turnkey ePort Connect® service platform. USAT’s entry into the multibillion dollar mobile payments acceptance market leverages its fifteen plus years of industry leadership in converting traditionally cash-based, unattended retail businesses to cashless payments. With this, credit card data is encrypted twice and is transmitted using a proprietary communication protocol; Durable, industrial grade card magnetic swipe reader option designed for commercial applications; and the ability to integrate ePort Mobile sales and transaction data with other USAT products, including ePort® G8, EDGE and SDK.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While overall consumer spending on travel has remained flat since 2011, road trip purchases on gas, fast food, hotel, car rental and toll purchases saw double-digit increases between the first and second quarters of 2012 and a 3% increase since 2Q/11. Meanwhile, airline purchases only grew 1% between 2011 and 2012…
The PCI SSC open industry standards body providing management of the PCI DSS, PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS) announced availability of the QIR Program. This new PCI SSC program will train and qualify integrators and resellers that sell, install and/or service payment applications on the secure installation and maintenance of PA-DSS validated payment applications to support merchant PCI DSS security efforts. Integrators and resellers play a key role in securing the payment ecosystem as merchants depend on these providers to install, configure, and maintain their PA-DSS validated applications in a way that facilitates their PCI DSS compliance. Merchants will benefit from a global list of QIRs on the PCI SSC website, providing them with a trusted resource for selecting PCI approved implementation providers.
Los Angeles Firemen’s Credit Union (LAFCU) upgraded its mbanking app to accept mobile deposits, offering access to convenience tools. This allows users to check account balances and history; transfer funds; make bill payments; and find ATMs. Clients now can also deposit checks by taking a picture of the check with an iPhone or Android device for immediate access, without having to take time out of their busy schedules to drive to a branch or ATM.