The Conference Board Consumer Confidence Index after having improved in April to 66.0 decreased in May to 60.8. With this, the Present Situation Index decreased to 39.3 from 40.2 and the Expectations Index also dropped to 75.2 from 83.2 last month. Consumers’ assessment of current conditions was less favorable than in April with those claiming business conditions are “good” having decreased to 14.6% from 15.5% and those claiming business conditions are “bad” having increased to 37.1% from 35.9%. Meanwhile, those stating jobs are “hard to get” increased to 43.9% from 42.4%, but those stating jobs are “plentiful” increased to 5.6% from 5.1%. Still, consumers expecting business conditions to improve over the next six months declined to 17.0% from 19.2% while those anticipating business conditions to worsen increased to 15.5% from 14.0%.
Ink from Chase of Chase Card Services officially launched its “Jot” mobile application and online solution for small business owners on the go. It saves time allowing users to track, categorize and organize business expenses in real-time from their iPhone and Android. Jot will let Ink from Chase customers receive text alerts within seconds of making a purchase with their Ink card; immediately tag these purchases to custom categories on a mobile device or online; let employees to tag their business expenses; view all transactions on their account, including those of their employees, through their mobile device or online; adjust employees’ card spending limits through their mobile device; and download reports into accounting software. The multi-channel national advertising campaign to introduce Jot will appear across outlets such as ABC, NBC, CNN, Fox, Bloomberg BusinessWeek, Entrepreneur, Forbes, INC, the New York Times, Wall Street Journal and numerous social media channels and will continue through 2012.
The National Retail Federation is rolling out radio advertising campaign urging Alaskan Senators Lisa Murkowski and Mark Begich, New Hampshire Senators Jeanne Shaheen and Kelly Ayotte, North Dakota Senators Kent Conrad and John Hoeven and West Virginia Senators John Rockefeller and Joe Manchin to oppose efforts to delay a new federal law that would save…
Datacard Group made available its dual-interface smart card personalization module that simplifies the card issuance process and measurably improves operational efficiency. Available as an option for the Datacard MX6000 card issuance system, it features fast, secure and productive personalization of contact, contactless and dual-interface smart cards in one module. The module features an exclusive barrel design that includes up to 24 standard smart card programming heads and up to 12 heads for contactless and dual-interface cards.
Bluepoint Solutions and Panini partnered to provide credit unions an all-inclusive teller capture solution with software, hardware and support. In doing so, Bluepoint branch and remote deposit capture technology solutions for credit unions has integrated its “ImagePoint Teller” with the Panini “Vision X” check scanner recommended by CUNA for distributed check capture. Panini is a manufacturer of global payments processing technology and a CUNA Strategic Services Authorized Service Provider while its “Vision X” has over half a million scanners deployed worldwide and over 100,000 deployed specifically for teller capture.
Heartland Payment ‘Campus Solutions’ division has deployed its “CampusAssist” Web-based communications tool powered by GuestAssist. With anonymous, one-to-one text messaging communications between students and their universities, students text their inquiries or feedback to a designated five-digit phone number monitored by the university’s “CampusAssist” Communications Center, ensuring instantaneous support to dispatching security and medical staff, as needed. The technology is in response to the growing popularity of mobile devices as the preferred method of communication. The “CampusAssist” platform was launched at Wilfrid Laurier University (Laurier), located in Ontario, Canada in an effort to enhance the fan experience at its stadium events.
Hagens Berman is investigating potential claims against five prepaid debit card companies, including First Data Corporation, Green Dot Corporation, Account Now, Netspend Holdings and Unirush Financial Services after the Office of the Attorney General of Florida issued subpoenas challenging whether the companies misled consumers regarding hidden fees, or engaged in other deceptive practices. Prepaid debit cards, once loaded with funds, can be used to withdraw money from ATMs or purchase items, just like any other debit card. They are, however, not associated with any bank account and are instead loaded with funds in advance. Hagens Berman is interested in talking to consumers who used a prepaid debit card and feel that the company providing the card failed to disclose hidden fees or otherwise misrepresented the card’s features.
NCR Corporation is launching its new NCR Hosting Services, giving cloud providers access to IT infrastructure and service support in a highly flexible and cost-effective way. The new services are targeted at telecom carriers, Original Equipment Manufacturers and System Integrators throughout the U.S. Cloud-based services range from delivering Software as a Service (SaaS) to Infrastructure as a Service (IaaS) on a pay-as-you-go basis and are likely to become a key element in many corporate IT strategies over the next five years. The NCR high-security tier 4 hosting center offers redundant hardware, dual Tier one Internet Service Providers (ISPs) and automatic failover, backed by a comprehensive disaster recovery facility to deliver high system availability.
TSYS has approved a quarterly cash dividend of $0.07 per share on TSYS common stock, payable July 1, 2011, to TSYS shareholders. TSYS is focused on digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Supporting cross-border payments in more than 85 countries, TSYS offers merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more.
U.S. Bank has partnered with Avianca and TACA Airlines to offer its “LifeMiles” Visa credit cards as part of a renewed and integrated loyalty program. The “LifeMiles Visa Signature,” “LifeMiles Visa” and “LifeMiles Visa Secured” gives cardmembers “LifeMiles” with every credit card purchase and redeem them for reward travel on Avianca, TACA and their airline partners. The “LifeMiles Visa” Signature customers earn a 20,000 LifeMiles first use bonus, double LifeMiles on Avianca and TACA Airlines tickets purchases and 6,000 renewal bonus LifeMiles. The LifeMiles Visa Card offers a 15,000 first use bonus and a 3,000 LifeMile renewal bonus.
The Collis Test Center has been accredited by MasterCard Worldwide to deliver CPV & (M-)TIP MasterCard Formal Approval Services mandated by MasterCard. Accreditation for Formal Approval Services combined with prior accreditation for delivering chip-related training & consulting services in the Guidance and the Technical Support categories and a range of Collis Test Tools qualified by MasterCard Worldwide, enables Collis to extend its portfolio of solutions for issuers and acquirers worldwide and strengthens its commitment to provide them with high-quality services, tools, and training. All in all, Collis is capable of giving issuers and acquirers a competitive edge in bringing the best products to market quickly while reducing costs and risks. MasterCard Formal Approval Services for CPV, M-TIP and PayPass TIP test that card and terminal products carrying MasterCard brands, or accepting MasterCard branded M/Chip & PayPass payment applications, meet the minimum quality and interoperability requirements specified by MasterCard.
Lieberman Software Privileged Identity Management(PIM) forged channel partner agreements with eB2Bcom reseller for Asia Pacific. With this, eB2Bcom will market, sell and support Lieberman Software’s privileged identity management and security management solutions throughout Singapore, China, India and other countries in the Asia Pacific region, to enterprises seeking to locate, secure and manage their powerful privileged account passwords. Lieberman Software is a technology leader in the rapidly-growing privileged identity management and security management markets with more than 20 years of product innovation and more than 1,000 enterprise customers worldwide. Lieberman Software set record sales in 2010, with year-over-year revenues increasing nearly 40 percent. Much of this growth is attributed to new sales of ERPM and the company’s expanding channel partner program as more strategic value added resellers like eB2Bcom are added in regions worldwide.