CEO Confidence made a comeback from 4Q/10 to 1Q/11 from 62 to 67, respectively, on the Conference Board Index. With a reading of more than 50 points indicating a majority of positive CEO responses, these findings suggest the economy will continue to expand in the coming months, given 85% said conditions are better compared to…
Chase Card Services announced it is set to issue chip-and-signature, a credit card with EVM chip technology. Giving users better ease-of-use and stronger security while traveling abroad, the Chase chip-and-signature technology will feature an embedded encrypted chip and traditional magnetic strip to accommodate merchants in the United States. This makes the card difficult to copy…
American Express and First National Bank of Omaha (FNBO) have unveiled the “First National Bank of Omaha American Express” and the “First National Bank of Omaha Graphite American Express” credit cards and have begun issuing the American Express-branded cards on the American Express merchant network. The FNBO American Express credit card charges no annual fee; an introductory rate of 0% on purchases and balance transfers for 6 billing cycles; 2% cash back on gas and groceries and 1% cash back on all other purchases; $50 cash back on the first $500 spent using the card during the first 6 months the card is open; and access to additional benefits with roadside emergency assistance, travel accident insurance, supplemental car rental insurance, purchase protection, extended warranty and no pre-set spending limit. Meanwhile, the “FNBO Graphite American Express” credit card charges a $99 annual fee, waived the first year; an introductory rate of 0% on purchases and balance transfers for 6 billing cycles; 3% cash back on airline purchases, 2% cash back on gas and groceries, and 1% cash back on all other purchases; no foreign transaction fee; $100 cash back on the first $1,000 spent using the card during the first 3 months the card is open; and access to additional benefits including free domestic airline companion ticket, concierge travel service, roadside emergency assistance, travel accident insurance, supplemental car rental insurance, purchase protection, extended warranty and no pre-set spending limit.
AisleBuyer mobile self-checkout and mobile commerce solutions now offers its users card capture technology. Retailers implementing AisleBuyer’s software-based technology, useing a smartphone camera to scan a picture of a credit card, allows anyone to accept or make mobile payments. Computer vision technology then extracts the information and pulls it into a secure form, which allows consumers to immediately use that card as a payment method for an in-store or online purchase. Card holders can also scan a card and send payments via email or SMS. Allowing customers to scan a barcode, read product information and customer reviews and check out securely from a mobile device, they can securely add a payment option to their personal accounts, reducing the possibility of fraud. This improves in-store shopping experience for customers and renders extensive hardware obsolete.
Absolute ATM Services ATM deployer is implementing Morphis’ “MorphisSC” field service management software to help manage its ATM service. Morphis ATM, banking and armored carrier software products are in use worldwide at central banks, commercial banks, credit unions, armored carriers, independent ATM deployers, and transaction processors. Meanwhile, “MorphisSC” addresses ATM service order generation through multiple channels, ATM service management, ATM parts inventory management, and contract and financial management. Morphis delivers process control and automation standards.
TSYS recognised its clients at the 2011 Card & Payments Awards. These clients include the “Best New Prepaid Card Product of the Year” to Post Office and Bank of Ireland and its “Post Office Budget Card”; “Best Business Card Program” to the Department for Work and Pensions and J.P. Morgan and its “Department for Work and Government Procurement Card”; “Most Responsible Credit Card Lending Practices” to the Nationwide Building Society and its “More Than Words” program. This is the fourth consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year.
Wells Fargo is set to sponsor the 2011 Cleantech Open business plan competition. Encouraging the development of clean technology companies and innovation, the Wells Fargo National Cleantech group of the banking group is dedicated to supporting clean technology companies. The group provides customized commercial banking products and services to businesses that manufacture, market or develop clean technologies such as solar and wind power, energy and water efficiency, electric and low-emission vehicles, and smart grid applications. In 2010, the company committed more than $300 million in loans to clean technology businesses. Cleantech Open Alumni have raised over $280 million in private capital; 80 percent of the Cleantech Open participants remain economically viable today, and more than 2,000 new clean technology jobs have been created.
Evolution Benefits and Lighthouse1 have partnered to introduce “Evolution1” comprehensive electronic payment, client server and cloud computing solutions for the administration of Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), VEBAs, Wellness and Transit Plans. The “Evolution1” platform will immediately serve over seven million consumers, 50,000 employers, and 400 administrators, health plans and financial institution partners. Evolution Benefits electronic payment solutions serve the employee benefits market with its “Benny” benefits debit card and the “PayDirect” software suite.
MasterCard is hosting its annual Americas Global Risk Management Conference in San Diego, bringing together hundreds of financial services and fraud security professionals from North and South America, including Central America and the Caribbean. Last year’s Americas conference attracted hundreds of industry leaders from 28 countries representing more than 145 unique financial institutions and service provider organizations. This year’s conference will offer thought-provoking presentations and break-out sessions by well-renowned industry experts to focus on the United States Secret Service’s initiatives to detect and prevent payment card fraud, new trends that criminals are using to steal payment card data, and how the agency works to support financial organizations in protecting the payment system.
NCR announced a new expansion strategy for its indirect business, taking it from “good to great” across the retail, financial services, travel and healthcare sectors and extending its global reach. NCR’s existing partner network resells NCR’s self-service and assisted-service solutions worldwide, giving NCR market coverage in over 120 countries. NCR plans the aggressive growth of its channel business by recruiting new partners and increasing the range and value of NCR solutions they are certified to sell and support. NCR offers a holistic combination of innovative products and services, designed with its indirect partners in mind. NCR will be making further announcements about additions to its indirect business over the coming months.
NACHA is promoting the environmental benefits of electronic payments with “PayItGreen” initiative. Through its PayItGreen.org website, NACHA is offering the tools financial institutions and businesses of all sizes need to educate customers about the positive environmental impact of choosing electronic payments, bills, and statements over paper. This comprehensive and interactive website contains a wealth of information including statistics, calculators, and environmental news like Direct Deposit and paper footprint calculators, case studies, consumer videos, and custom research. A PayItGreen study from April 2010 concluded that overall, paperless consumers are happier consumers and reiterated that green messaging plays a role in the decision to opt for electronic billing and payment.
RushCard announced money-saving discount health plans are now available exclusively to its members. The Discount Health Plans from RushCard expand its health care offerings, bringing unmatched value to RushCard members. The Discount Health Plans join the free Prescription Discount Card from RushCard, which entitles members to discounts on regular prescription drugs, in a suite of health care services. There are three exclusive Discount Health Plans for members to select or combine. Each unique plan offers discounts on a combination of health and wellness services, with flexible payment options – weekly or monthly – and prices beginning at only 99 cents a week for individuals. The Discount Health Plans offer savings on services that may not be included in traditional indemnity plans. The card member pays for services at the discounted price at the time services are received.