July unemployment rate again held steady at 9.1%. This was down from the previous month figure of 9.2% and a return to the April rate. Meanwhile, nonfarm payroll employment was up 117,000 for the month, mostly in health care, retail trade, manufacturing, and mining. The July number of unemployed persons was 13.9 million, showing very…
The Western Union Company launched its Western Union Ventures to focus on developing new service offerings for the Company’s consumers. The new go-to-market organization will drive the Company’s three key strategic growth areas of Consumer Money Transfer, Business-to-Business Payments, and new products and services. Western Union Ventures will focus on expanding and deepening consumer relationships through new capabilities and offerings. Western Union Ventures will be led by Diane Scott, EVP and Chief Marketing Officer and President, Western Union Ventures.
Wolfe, Wolfe Rewards & Loyalty (WRL) launched its “SelectSpend” Discover Reward Cards thanks to its Discover partnership. With this, WRL is now offering Restricted Authorization Network (RAN) prepaid cards that limit spending by merchant, category or geography. This product suite is meant for incentive or reward programs that want to shape the recipient’s purchasing behavior and influence the user to spend their card in a targeted area. Its Private card limits purchasing to one or more specific merchants and is ideal for programs where the desired merchants are set up on different Point-of-Sale (POS) terminals such as a mall or entertainment venues. SelectSpend Geo is limited to specific zip codes in the United States and designed for community incentive programs to draw consumer spending to a desired shopping region. WRL is offering the Category card with five predesigned prepaid cards that limit the spending to applicable merchants within those categories.
S3 Group, a world leading provider of mixed-signal semiconductor IP solutions, announced that Idea! Electronic Systems has licensed its mixed-signal IP for their Digital TV ASIC. S3 Group delivered a high performance ADC from its extensive mixed-signal IP portfolio. Idea! Electronic Systems, is an engineering design-house specialized in advanced electronic design for the telecommunication industry. S3 Group is the Connected Consumer Technology(R) Company, providing products and professional services to enable semiconductor companies, consumer electronics companies and healthcare providers to deliver next-generation devices, systems and services to consumers at home and on the move.
Fulton Financial Corporation has selected a complete outsourced banking solution based on the “Signature” bank platform from Fiserv. Fulton chose Fiserv due to its advanced technology with flexible, scalable and integrated systems to help the company focus on its organic and acquisition growth targets, deepen its sales and service excellence culture and increase efficiency through streamlined processes. Also key to the organization’s decision was the company’s successful history of implementing integrated solutions and servicing large, complex financial institutions. Fulton will utilize Fiserv solutions to facilitate and support the company’s growth plans.
Inc. Magazine ranked Evolution Benefits (Evolution1) number 1,528 on its fifth annual Inc. 500|5000 ranking of the nation’s fastest-growing private companies. Evolution Benefits and Lighthouse1 recently merged to create Evolution1, the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans. Evolution1 serves more than seven million consumers, 50,000 employers, and 400 administrators, health plans and financial institution Partners. The company employs more than 250 people and operates offices in Avon, Connecticut; Fargo, North Dakota; Minneapolis, Minnesota; and St. Louis, Missouri.
ATMCASH and Remit4Change partnered to reinvest in community development projects and improve the way immigrants send money back home. This brings an affordable, efficient and socially responsible solution to the money transfer industry. Remit4Change represents a collection of 1400 immigrant organizations. They have partnered with ATMCASH, an online money transfer service to over 150 countries, to achieve their goal of connecting immigrants with socially-minded remittance services. For each new Remit4Change customer referral, ATMCASH reinvests $20 into community development projects. An additional $1 dollar is reinvested for each subsequent transaction. ATMCASH offers money-senders an affordable and manageable way to transfer funds.
ROAM Data mCommerce platform provider for POS and eCommerce to the mobile environment announced its redesigned “ROAMpay X” mobile card acceptance application that improves the merchant’s user experience with enhanced graphics and added features for iPhone and Android touch-screen users. The improvements include “Enhanced User Experience;” “Signature Capture;” “Automatic Tax Calculation;” and “Tip Functionality.
Inc. magazine has ranked MA-based POS Supply Solutions No. 3,320 on the annual Inc. 500|5000 ranking of the nation’s fastest-growing private companies thanks to its 3-year sales growth of 56%. POS Supply Solutions provides point of sale and transaction supply solutions, serving a full spectrum of hospitality, retail, financial, gas station, medical, wireless and business transaction applications. They offer a full line of point of sale thermal paper rolls, printer ribbons, bond & 2-ply carbonless paper rolls, ATM paper, kiosk paper, credit card supplies, custom printed roll paper, cash register paper and ribbons, thermal labels and many other POS accessories.
NetLogic Microsystems semiconductor solutions for next-generation Internet networks launched volume shipments for its industry-leading NL10k and NL11k families of advanced knowledge-based processors, optimized to manage the significantly greater requirements of Internet Protocol Version 6 (IPv6) processing in next-generation switches and routers. The first of these IPv6 customer systems to adopt NetLogic Microsystems’ advanced 40nm knowledge-based processors has begun volume production this quarter, and the company expects that an additional 60 customer programs at more than 17 customers will start their production ramps in the fourth quarter of 2011 and throughout 2012. Manufactured in the advanced 40nm process node, the NL11k and NL10k knowledge-based processors also integrate an innovative Range Encoding Engine (REE), which employs advanced one-hot and fence encoding algorithms to implement range encoding that allows customers to effectively double the efficiency of performing port range inspection.
ControlCase IT Governance, Risk and Compliance (GRC) software solutions and managed compliance services announced Rapid Investments niche payment solutions implemented its PCI Compliance service; a suite of software tools that enable organizations to attain compliance with the Payment Card Industry Data Security Standard. Rapid chose ControlCase because it offered an industry leading automation service that would ensure that the business remained continually compliant. Rapid recognized that it needed a managed solution that could intelligently control threats and streamline its business processes, not only saving time but enabling key staff to be allocated to other parts of the business.
UAE Exchange launched its 2011 version of “Onasowbhagyam” for Keralite customers in the UAE. The 10-day promotion allows customers sending money to Kerala to do so in a specific time period during the day through any UAE Exchange branch in the UAE. They need to then send their transaction number through SMS to 4642, to qualify for the corresponding daily draw and win prizes including INR 25,000 and a Gold Coin daily. The special timing called ‘Onasowbhagyam timing at UAE Exchange’ will be conveyed to the customers daily through Radio Asia or NTV. The “Onasowbhagyam” also has a strong global network with over 530 direct offices in 24 countries, along with correspondent relationships with over 150 global banks.