Marketing fulfillment agency Archway Marketing Services has opened an office in North Carolina and took over on-site management of North American agreement processing and customer support for Microsoft Dynamics in North Dakota. Archway Marketing Services provides industry leading business-to-business and business-to-consumer companies with marketing fulfillment and business performance services.
Scotiabank Peru has partnered with N-Via USA to provide customers
with free mobile payment services. The services offered with the new
service includes mobile payments and person to person transfers using cell
phones text messaging for sending/receiving from any cell phone. Transfers
are available for pick-up at any of the 400 Scotiabank Peru branches and
Cajeros Express points of services. Peru’s remittance industry sees
movement of over 2.86 billion dollars per year and with this new
Scotiabank Peru and N-Via USA provide for an increase in productivity
throughout the country for these consumers. Scotiabank currently employs
60,000, serving 12 million customers in over 50 countries, while N-Via
Inc. was established in 2005 to offer global money transfer services
range of different methods.
Payment processor Equity Commerce has selected ExaDigm’s “XD2000 Mobile Payment Solution” as its mobile wireless point-of-sale terminal of choice. The XD2000 has enabled Equity Commerce to expand into a range of new markets where card-based payment acceptance was traditionally not an option. Through its modular design ensuring terminal hardware is easily upgradeable avoiding redundancy due to changes in technology; the ability to change wireless connectivity between GDMA, GSM and WiFi with a simple swap of a modem; the fact the PC-based operating system allows for application updates in hours not months; and advanced security features offering maximum protection to merchants and cardholders alike.ExaDigm is t a provider of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.
Ottawa-based MBNA Canada Bank and Chrysler Financial have teamed to
launch three co-branded credit cards. The new “Chrysler Rewards
MasterCard”, “Jeep Rewards MasterCard” and the “Dodge Rewards
MasterCard” enables consumers to earn points for card purchases and
redeem them toward the purchase price or lease price of a new or
pre-owned Chrysler, Jeep or Dodge vehicle or related products and
services. Cardholders receive one “Reward Point” for every $1
in net retail and earn five “Reward Points” for every $1 in net retail
purchase made at authorized Chrysler, Jeep and Dodge dealers.
Additionally, cardholders receive 2,500 “Bonus Rewards Points” after the
first purchase. Points are redeemable for gift certificates and
vouchers. MBNA is the second largest MasterCard credit card issuer in
FL-based eLayaway.com announced today that its total gross dollar transactions increased 5,176% Year-to-Date (YTD) and new shopper’s registrations rates increased 1,511% YTD during “Cyber Week”. elayaway.com is similar to traditional layaway allowing shoppers to buy a product online and pay for it in regular automatic installments with automatic clearing house (ACH) processing by HSBC and delivery upon full payment. eLayaway.com does not charge per-sale transaction fees to merchants.
Givex has launched its “GiveXpress” Website to provide merchants with
new card faces and online settlement. This provides companies with
greater customer acquisition potential, personalized reports, a variety
of card designs and round-the-clock support. The company provides
closed loop card processing throughout North America and Europe.
WI-based Fiserv has closed its deal to acquire CheckFree for about $4.4 billion. More than 3,000 financial services Web sites use the electronic billing and payment services provided by CheckFree. Fiserv has about 18,000 clients. Jeffrey Yabuki will continue to serve as CEO and President of Fiserv and Donald Dillon will continue to serve as Chairman of the Board. Tom Hirsch will continue as the company’s CFO and Pete Kight, former CheckFree Chairman and CEO, will be named Vice Chairman of Fiserv and will lead new product development and strategic integration. Additionally, Kight will join its Board of Directors. Steve Olsen, former COO of CheckFree, will become Fiserv’s Group President of Internet Banking and Electronic Payments. Olsen will lead the company’s bill payments, Internet banking, treasury/cash management and investment management businesses. Separately, Fiserv announced that one of its founders, Norm Balthasar, Fiserv Senior Executive VP and COO, will officially retire on December 31st after 33 years with the company and its predecessor.
China Construction Bank has implemented the Austin Logistic’s
decision platform software, “Vincio”. The bank will deploy “Vincio’s”
service-oriented architecture and “fuse and use” data method to
assess risk models, credit policies and strategies as part of the
organization’s “Basel II IRB project”. Furthermore, China Construction
Bank chose Vincio over other options, mostly for its processing speed,
flexibility and ease of use. The bank is a significant Chinese credit card
issuer with more than 12 million cards in circulation while Austin
Logistics provides decision management tools and risk assessment
software to financial organizations around the world.
A new survey reveals that American Express, Wells Fargo, Juniper Bank, U.S. Bank, and Discover top the rankings in providing the best overall customer experience as a card provider. However, credit card providers overall ranked fourth among the nine industries surveyed. The report by Forrester Research found that American Express, Juniper Bank, U.S. Bank and Discover received “excellent” ratings in usefulness. American Express and Discover also received “excellent” ratings for ease of use. When it comes to enjoyability, Forrester says none of the credit card providers distinguished themselves, but American Express, Wells Fargo and Juniper Bank were way above the rest. Five firms ended up with “very poor” ratings in enjoyability including: Bank of America, HSBC, Capital One, Chase, and Citibank. J.D. Power recently released a survey that ranked American Express as #1 among the top ten U.S. issuers. A recent Consumer Reports survey ranked American Express as #6.
Banco Nacional Ultramarino and Plant Payment have signed collaborative
agreements for processing solutions. These joint processing solutions
include Planet PaymentÃÂ¢ÃÂs “Pay in Your Currency” service and an integrated
payment functionality service, both of which are appealing to the
gaming and entertainment businesses. These solutions allow gaming
merchants to integrate credit card payment functionality with business
management systems increasing operational efficiency. “Pay in Your
allows credit card users to decide on the currency of their choice at the
time of purchase, providing peace of mind without speculation over how much
the goods and services truly cost them. Macao attracts over 22 million
year with its gaming facilities and attractions. Planet Payment is a
payment and data processor that reconciles card transactions in multiple
currencies of choice while BNU operates 14 branches throughout Macau.
Another survey reveals declining consumer confidence as other data points to an impending recession. The latest “Discover U.S. Spending Monitor” fell 3.4 points in November, the lowest level in more than six months. However, 51% of consumers said they expect to spend more money in December on gas, groceries, mortgage costs and holiday shopping. This compares to 35% who said they would spend more in November and an average of 33% making similar claims about month-to-month spending for the previous five months. Discover noted that consumers had different opinions about their spending pre- and post-Thanksgiving. In the weeks leading up to the biggest shopping weekend of the year, as many as 55% of consumers said they would spend less this year than last, while 43% said they would spend the same or more. Since Monitor surveying began in May of this year, the number of consumers rating the economy as good or excellent fell to 28%, a decline of nearly five points from last month.
AirPlus International has signed partnership agreements with Korea Exchange
Bank(KEB) to provide its Korean corporate customers with the “AirPlus
Corporate Card”. This card provides customers with integrated travel
a payment analysis and cost analysis for travel. This analysis of travel
provides customers access to the “AirPlus Information Manager” management
information system for recognition of cost cutting opportunities, thus
a basis for
negotiations with airlines, hotels and car rental companies. AirPlus
has over 32,000 corporate customers offering travel with nearly 260
while KEB credit cards leads the industry in Korea.