ACH Alert Awarded Patent for Fraud Protection

ACH Alert has been awarded patent number 8,219,491, which significantly strengthens the breadth of its intellectual property rights by extending the scope of protection for its proprietary business methods and fraud protection systems and applications. Among the many patented automated processes in the full range of fraud protection services ACH Alert provides to its clients are: real-time, transaction level protection for commercial and individual clients; simplified identification of trusted trading partners and valid payment recipients; and facilitation of electronic transaction disputes between the financial institution and their client.

USA Technologies Announces Shareholders Voting Results

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that IVS Associates has tabulated and certified the voting results for the USAT 2012 Annual Meeting of Shareholders held on June 28, 2012. USAT shareholders have elected all nine of the Company’s director nominees”Deborah G. Arnold, Steven D. Barnhart, Joel Brooks, Stephen P. Herbert, Albin F. Moschner, Frank A. Petito, III, Jack E. Price, William J. Reilly, Jr. and William J. Schoch – to the USAT Board of Directors.

First Data Shows Consumer Spending Slowing Way Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data announced its SpendTrend analysis for June 2012, tracking same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Indicating year-over-year dollar volume growth of 6.4%, down from May’s 7.0% growth, experts are blaming high unemployment and economic anxiety as consumers…

Revolving Credit Outstanding Increases in Double Digits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.6 trillion in outstanding US consumer debt-up a jaw-dropping 13.2% since February- total outstanding revolving credit skyrocketed 11.2% in May since the year ago figure. This is up from the April figure of $862.2 billion and compares to the year ago figure of $793.1 billion. With outstanding debt…

MasterCard & RA Dickey Campaign to Stand Up To Cancer

MasterCard joined with Stand Up To Cancer (SU2C) and Major League Baseball (MLB) to kick off the ‘Dine and Be Generous’ campaign designed to involve baseball fans and all consumers in the fight against cancer. From July 10 through September 28, 2012, when cardholders spend $10 or more for a meal on their MasterCard card, MasterCard will donate up to $4 million to Stand Up To Cancer. The program formally launches with a ceremonial first “swipe” by SU2C ambassador and 2012 MLB All-Star pitcher R.A. Dickey that will air during the MLB All-Star Game broadcast on FOX. The campaign builds on a successful first year in 2011 that raised more than $4 million for cancer research based on the use of MasterCard cards for purchases ranging from take-out to fine dining. MasterCard is providing enhanced ways for consumers to take get involved, allowing them register at www.facebook.com/mastercard to take action in a number of ways and involve their own social networks in supporting the cause. They can subsequently win weekly prizes of five $50 MasterCard prepaid cards and grand prize trip for two to a 2012 World Series game.

Fiserv Appoints New Board Member

Fiserv appointed Dennis F. Lynch to its Board of Directors, a major contributor to the U.S. payments industry for over 30 years. Responsible for driving the adoption of card and payment solutions that have enhanced how consumers conduct financial transactions, Lynch is currently the Chairman of the Board at Cardtronics ATMs. He is also a Director, and former Chairman, of the Secure Remote Payments Council, a cross-industry organization dedicated to accelerating the growth, development, and market adoption of more secure ecommerce and mobile payments. Lynch was also previously the Chairman and Chief Executive Officer of RightPath Payments from 2005 to 2008 and the President and Chief Executive Officer of NYCE Corporation from 1996 to 2004.

Brightwell Payments Acquires Directo, Expands in Paycard Market

Brightwell Payments prepaid card solutions for corporations and consumers acquired Directo paycard programs. The acquisition increases Brightwell’s penetration of the high growth paycard market while driving the efficiencies of increased scale. Brightwell provides program design, marketing, technology, distribution and fulfillment services for a comprehensive array of prepaid products, including general purpose reloadable, loyalty, award and promotional, and domestic and international payroll cards. Brightwell’s award-winning OceanPay® product has become the industry standard for maritime payroll.

Q2ebanking Expands for Growing Demand in e-banking Services

Q2ebanking secure electronic banking solutions for banks and credit unions throughout the U.S., announced it is opening a second office to support its steady client growth with the resources and additional industry professionals needed to drive further success. Throughout the rest of 2012 Q2ebanking will hire approximately 40 new employees for the Atlanta office, focusing on new product development, implementation and delivery engineers as well as Q&A and customer support engineers.

Discover Exec Joins Clean Power Finance as SVP Operations

Clean Power Finance online marketplace for residential solar financing and leading provider of solar sales software announced the appointment of Steve Olszewski to senior vice president, operations. He most recently was senior vice president at Discover Financial Services, where he led the student loans business through the integration of The Student Loan Corporation and later oversaw the largest portfolio acquisition in Discover’s history. He also managed the six-fold growth in the deposits business, which became the company’s largest funding source. Steve also led underwriting and servicing operations for GMAC’s auto insurance business and held operations strategy roles at Capital One. He holds an MBA from Northwestern’s Kellogg Graduate School of Management.

WesBanco Selects Talaris Cash Automation

WesBanco selected Talaris Vertera teller cash recyclers to automate most of its 112 branches. Talaris cash automation solutions will enable WesBanco to solve several specific business issues including increasing physical security, reducing idle cash, improving teller staffing efficiencies all while enabling tellers to concentrate on providing a higher degree of customer service. Vertera cash recycler can accept, authenticate and store currency, providing branch staff more time to engage customers and reducing customer wait times.

Bankruptcy Filings Dropping through the Basement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] US bankruptcy filings dropped 14% throughout 1H/12 for both business and consumers. With this, new bankruptcy filings fell to 632,130 throughout the first six months of 2012 compared to the year ago figure and is on pace to end out the year at the lowest point since before 2008- when the…

Heartland Payment Acquires LunchByte Systems

Heartland Payment Systems acquired LunchByte Systems school foodservice back office management and POS, led by its NUTRIKIDS solution of menu management, inventory management and POS solutions for K-12 administrators, staff, parents and students. Following the 2011 acquisitions of four other providers in the K-12 space, the LunchByte Systems acquisition further expands Heartland School Solutions’ market-leading position in the K-12 school nutrition and POS technology industry. Heartland School Solutions now serves more than 29,000 K-12 schools across the United States, representing a nearly 30 percent market share.