The T24 Black VISA Prepaid Card provided by Transact24 Limited, has won the Best International Prepaid Card category at the 2012 Prepaid365 Awards. It denominated in USD for its clients with Travel/Medical insurance and Priority Pass as an added benefit, and the cardholder is well-accommodated with high load limits. The T24 Black card automatically provides Travel/Medical insurance cover of up to US$ 1,000,000 when flight tickets are purchased with the card. The T24 Black VISA Prepaid Card can be used anywhere in the world where the VISA Acceptance Mark is displayed.
Fujitsu Frontech North America Inc. (FFNA), a leader in innovative technology and front-end solutions, and Tidel Engineering, L.P. a global leader in intelligent cash management solutions, today announced the full integration of Fujitsu’s PalmSecure biometric authentication solution into Tidel’s Revolution® series of “Closed Loop System” cash automation products. The Fujitsu PalmSecure sensor uses a near-infrared light to capture a user’s palm vein pattern, generating a unique biometric template that is matched against the palm vein patterns of pre-registered users. Unlike other readers, a PalmSecure device does not come into contact with the skin, making it extremely hygienic, non-intrusive and unrestricted by external factors such as skin types and conditions.
Bank of America Merrill Lynch has introduced its “Paymode-X” iPad application for its clients utilizing the all-digital online payment and invoicing system. This offers real-time access to critical corporate payments information and allows users to stay connected and informed, make decisions, and take the actions needed to ensure that their payment and settlement cycles continue to flow smoothly. The iPad release is the most recent innovation for Paymode-X, and is the first phase of a comprehensive set of mobile capabilities that BofA Merrill, in collaboration with Bottomline Technologies, plans to bring to market. The “Paymode-X” solution combines electronic purchase order submission, invoicing and payment settlement on a single platform.
Payvision, independent Payment Solutions Provider, specialized in Global Card Processing for the e-Commerce market announces that it has engaged in a fully integrated partnership with ProPay, Utah based industry leader in merchant services and End-to-End Payment Security and recipient of the prestigious 2010 ETA ISO of the Year award. Payvision provides ProPay’s customers with one fully integrated solution, through which clients can establish merchant accounts in Europe, Asia and the USA. Truly Domestic Global Acquiring in virtually any currency, authorization in 150+ currencies and card settlement in 25 Currencies. By processing transactions in those regions where cards are issued, cross-border and interchange costs are considerably reduced.
Sallie Mae’s new Upromise World MasterCard, now issued by Barclaycard US, launched its new credit card rewards with increased cash back for college. It provides 5% cash back for college on eligible online purchases at hundreds of major online retailers through Upromise.com; 4% cash back at thousands of Upromise Dining restaurants; Up to 3% cash back on eligible gas purchases at Exxon or Mobil locations; 2% cash back at eligible movie theaters; and 1% on everything else. There is no annual fee for the card, no cap on earnings and no minimum spend requirements. Upromise members can earn 5 percent or more cash back for college when they make eligible online purchases through Upromise. Coupled with the new benefits of the Upromise World MasterCard, new cardholders can earn a total of 10 percent or more cash back on those same purchases.
Citizens Bank will now offer Western Union global money transfer and expedited bill payment services across all of its 219 branches in Michigan, Ohio and Wisconsin. Western Union’s services will be introduced over the next several months and will allow Citizens Bank’s account holders and walk-in consumers to send and receive domestic or international money transfers and make urgent payments conveniently and quickly to an extensive biller network.
Paydiant mobile payments provider announced “pcAmerica” has integrated the Paydiant mobile payments software into pcAmerica Cash Register Express and Restaurant Pro Express POS solutions. Using the integrated offering, any of pcAmerica’s 50,000 retail and restaurant POS software users can now accept Paydiant-powered mobile payments and offers. pcAmerica customers can also support a number of other compelling mobile wallet capabilities including pay online; offer and coupon creation, selection and redemption in store and online; and digital receipts and refunds by simply updating to the latest version of the pcAmerica software. Paydiant provides a white-label mobile payment and offer platform that allows banks, retailers and restaurants to deploy mobile wallet capabilities into their own iPhone® and Android™ applications.
Intuit Financial Services “Mobile Purchase Rewards” feature for mobile phones now lets customers save with customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. The savings are then automatically deposited back in the customer’s checking account at the end of each month. Users can earn unlimited cash back through “Purchase Rewards” and complete end-to-end security so no personally identifiable information is shared with outside parties. The new Mobile Purchase Rewards capability adds to the robust set of mobile banking tools Intuit offers to banks and credit unions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Paychex, a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released an infographic on the use of mobile technology by small businesses. The infographic focuses on how this technology helps small business owners by allowing them to save time and boost productivity. “Small business…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Europe’s leading prepaid payment method, paysafecard, is now available in Turkey. paysafecard group’s main product allows fast and secure payments for online games and other Internet services. Personal data, credit card or bank account details are not required. More than 3,500 online shops accept paysafecard worldwide. “The market launch in Turkey…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Confidence in the economy on the Discover U.S. Spending Monitor of nearly 8,200 consumers in May was pretty flat, demonstrating a 1.2 slip to 95.5 in May from 96.7 in April. Buoyed by falling gas prices, those who said the U.S. economy was improving held steady at 33%, but only 37%…
In April 2012, 260 million offers for new credit cards were received by US households, down 33% from the 390 million offers US households received during April 2011 to the lowest volume recorded in over two years and a continued decline from the winter of 2011. Credit card direct mail is cyclical, with volume trends reflecting the peaks and troughs of the Dow as a barometer for the health of the US economy. Considered a ‘pause’ by experts, once the long term outlook for the economy gains more solid footing, confidence will return and direct mail will witness growth in volume.