Mass layoffs sent 143,927 American workers packing in April, up 278 from March, as employers undertook 1,564 mass pink slip disbursements. Each of these disbursements involved at least 50 workers while 327 mass layoff events were reported in the manufacturing sector. Subsequently, 35,022 initial unemployment claims were filed in April, down by 90 from the…
RewardsNOW loyalty marketing solutions kicked off its “Points2Win!” online sweepstakes program to enhance loyalty program redemption. With this, RewardsNOW bank clients can now the online sweepstakes in their program for free. Built into the redemption process with participants redeeming a certain number of points per entry to take part in the sweepstakes, “Points2Win!” participants have the chance to win prizes such as a $250 Home Depot gift card, a Broil King gas grill, or a custom built Trek mountain bike.
Spartanics has made available to plastic card and nameplates manufacturers its “M250 Registration Shear.” Ensuring requirements for extremely accurate registration shearing at high speeds, the Spartanics “M250 Registration Shear” features accurate registration of +/- 0.002 inches (0.0508 mm); touch screen controls for rapid job set up and changeovers; production speeds up to 1200 cuts per hour; automatic stacking of cut parts; software to optimize scrap reduction; and versatile cutting stainless steel, aluminum, PVC or polycarbonates.
Visa announced a new travel-themed integrated marketing campaign, offering “Memory Mapper” to share their experiences through the introduction of a Facebook application. “Memory Mapper,” which uses Google Maps satellite technology and a consumer’s own photos, videos and captions to chronicle a visual story of their travels for a unique keepsake to share with friends and family, include a national promotion. The “Trip of a Lifetime Sweepstakes” promotion featuring a chance to win $100,000 to experience a dream vacation and national television and digital advertising which bring the Memory Mapper to life by profiling one family’s dream vacation surfing in Tahiti. This lets users upload photos and videos, input the locations in which each image originated, write captions, and add music to create a virtual keepsake of their adventures to share with family and friends via Facebook, email and Twitter.
Heartland Payment Systems payments processors has made available its “Heartland Tip Manager” service to restaurants. This offers a way to streamline tip distribution management while integrating payroll data, credit card sales and credit card tip data directly from the POS. The “Tip Manager” solution also helps ensure compliance with IRS tip and reporting requirements and company tip policies, allowing restaurant owners to produce specific reports to assist with tip compliance in the event of an IRS audit or investigation and to create tip pool policies that will automate the calculation, distribution and taxation of tips that are shared among indirect tipped employees. Accurate accounting of the amount of tips received by indirect employees will provide the operator with the ability to properly report those cash tips, thereby increasing their wage claims which can result in an increased Federal Insurance Contribution Act (FICA) Tip Credit. The software functions in conjunction with Heartland “PlusOne Payroll” solution.
FIS Software end-to-end policy administration systems launched its “ALIS Mobile Application” (AMA) for its Policy Administration System. This extends ALIS functionality, offering agents, financial advisers, and policyholders real-time iPhone, Android, and Blackberry access to application status, account balances, commission payments, and transaction processing. FIS’s AMA offers maximum flexibility with the ability to configure custom handheld applications for each insurer’s specific needs and to access any data element available through ALIS. AMA is compatible with all versions of ALIS. It ultimately Improves efficiencies in back office operations with a reduced need to manually provide key information to agents, financial advisers, and policyholders and reduces interface required to complete transactions.
First Data electronic commerce and payment processing received the Electronic Transaction Association’s (ETA) Star award for “Business Partner of the Year.” This was thanks to its all around support of the association and its mission during the year, and its participation in multiple ETA committees and programs. The ETA is an international trade association representing more than 500 companies that offer electronic transaction processing products and services.
The Western Union Company held its Annual Meeting and reiterated the company’s strategy while emphasizing its commitment to expanding the business. Stockholders representing 88% of shares voted to re-elect Ersek, Jack M. Greenberg and Linda Fayne Levinson as members of the board of directors, all of whom are to serve new three-year terms. They also voted to approve, on an advisory basis, the compensation of the company’s named executive officers; an annual frequency for such stockholder advisory vote on executive compensation; and to approve a non-binding stockholder proposal to eliminate the classification of the board.
The MasterCard qualified “PersevalPRO Issuer” test tool that meets its latest card personalisation validation (CPV) requirements has been brought to market by Fime and Barnes International in a joint initiative. The test tool allows issuers to prepare for the MasterCard CPV certification process to reduce time to market. Eliminating costly and time consuming issues arising during the final certification stage, the “PersevalPRO Issuer” is the culmination of FIME integration services for secure chip based applications, tokens and devices and Barnes International’s chip card test tools. The product incorporates card personalisation functionality and security requirements issued by MasterCard and is the first to achieve qualification from the payment system.
Research is now indicating the average age of the highest-credit-scoring-consumer (850) is 61 years old, having a birth year of 1950 while the oldest person to achieve perfection was born in 1922. The data revealed the average age of the credit file at exactly 30 years, with an average ‘In File Since’ year of 1981, at the national repository while the span of years between the oldest and most recent file was 36 years. This, according to SubscriberWise analytics-driven risk management and issuing credit reporting agency, also shows the oldest file was created more than a half-century ago in 1958, while the youngest file was created 17 years ago in 1994.
Paymetric ntegrated and secure enterprise payment acceptance solutions announced the winners of the 2011 Paymetric Customer Innovation Awards. The annual awards honor the most exceptional and innovative achievements made by companies utilizing Paymetric solutions. They include “Best Use of Technology” to LEGO System; “Best Global Use of Technology” to Lenovo Group; “Best Use of Data Intercept Technology” to the Whirlpool Corporation; “Product Innovation” to LTD Commodities; “Client Services Collaboration” to Movado Group; “Solution Extensibility” to McKesson; and “Paymetric Advocate” to Victorinox Swiss Army.
IDT has established an international remittance clearinghouse (RCH) for mobile network operators. The RCH facilitates connectivity between traditional, cash-based, money transfer operators and mobile wallets utilizing IDT’s economical transaction settlement and foreign currency exchange services. These services will enable mobile network operators to expand their reach particularly into unbanked immigrant populations in developed countries. IDT will launch RCH services with Smart Communications and Globe Telecom in the Philippines. Smart and Globe serve about 69 million subscribers and nearly 10 million mobile wallets in aggregate. Utilizing IDT’s RCH, Smart Money account holders and Globe’s GCASH account holders will be able to receive proceeds from traditional cash based money transfer transactions and be able to use those funds to make payments or withdraw cash in minutes.