Citigroup posted a net income of $3.8 billion for its 3Q/11, 74% higher than the year ago period and 13% over 2Q/11, while revenues reached $20.8 billion, up only marginally from the year ago and 2Q/11 figures.Citicorp revenues, excluding CVA, were down 2% from the prior year period largely due to lower revenues in Securities…
Capital One Financial Corporation is offering small business more rewards with the introduction of its “Spark Business” Small Business Credit Card portfolio. The “Spark Miles” and “Spark Cash” cards offer double miles or 2% back on every purchase and are intended to fill the void in the small business credit card category with value, tools and benefits to help manage a business and save time. It also has no limits to the amount of cash back that can be earned while the “Spark Miles” card offers double miles on every purchase with miles that will not expire. Also, “Spark Cash” offers a One-time $100 bonus and a one-time $50 bonus for signing up for one or more employee cards while the “Spark Miles” has a One-time 10,000 mile bonus and a one-time 5,000 mile bonus for signing up one or more employee cards.
First Data Corporation electronic commerce and payment processing expanded its product solutions, adding Consumer & Commercial Payments, Information & Analytics Solutions and Advanced Solutions & Innovation offerings for merchants and financial institutions. This includes “DefenseEdge” decisioning solution gives financial institutions (FIs) a more accurate measure of potential risk and the ability to identify fraud as it happens, reducing the number of false positives while offering a higher level of transaction security. Meanwhile, its “SpendTrend Insights” Fraud Analysis offers a robust, ad hoc reporting tool that captures and analyzes transaction data to improve fraud trend identification within an FI’s portfolio. Additionally, “Merchant Alerts” is available to merchants through an application within the BusinessTrack secure portal and “Token Pay/Self-Checkout” solution lets merchants offer payment services within a mobile application.
Tom Shaw has been appointed Senior VP, Operations and Administration with Certified Payment Processing (CPP). Here he will oversee such strategic areas as training, human resources and the telemarketing center, to which he brings more than 25 years’ experience. Prior to this, Shaw served as VP, Human Resources for Noble Royalties, Vice President, Human Resources and Administration at Crescent Real Estate Equities, and Senior VP, Human Resources at The Associates. He holds a BBA in Management and concentration in Human Resources from the University of Texas in Austin.
Veritec two-dimensional matrix technology and mobile banking debit card solutions forged an agent agreement with Secopay. With this, Secopay market Veritec’s “blinx On-Off Debit Card” to the banked and un-banked population. Veritec’s mobile banking software platform processes debit, pre-paid and gift card solutions to debit card issuers and sponsoring organizations and can be deployed on both a closed or open loop processing platform. The card will allow cardholders to send funds to family members instantly anywhere in the world, receive notification on card usages, and turn a card on or off via phone or Internet.
CreditNowUSA believes its own varied selection of credit and prepaid cards can improve the chances for anyone to get a credit cards. Understanding the importance of being able to make good buying decisions, as well as tracking what you spend is key to why we offer our varied selectoin of credit and prepaid cards. This is very important for people with bad credit, poor spending habits, or not much experience with financial responsibilities. Credit cards and prepaid cards are both valid, yet different, ways to buy goods & services. Credit cards and prepaid cards can both be used to make online purchases, they can be used in other countries, and costumers can track their spending with them online.
Infosys launched “Finacle e-Banking Version 11” at the 2011 BAI Retail Delivery Show in Chicago, a comprehensive offering that empowers banks to achieve quick global rollouts of online banking services. The new version of Finacle e-banking provides unique personalization capabilities, industry-leading security features and intelligent customer insights to drive adoption of online banking channel and enhance customer loyalty. The “Finacle e-Banking Version 11” delivers a rich, intuitive and persona driven online banking experience, catering to the individual needs of retail customers. It combines enhanced customer experience with rich functionality. Built on a robust, scalable and extensible architecture, it is easily configurable and allows for seamless deployment with multiple host systems.
Arvest Bank committed to providing a feature-rich free checking account with a free debit card, free online and mobile banking, and a debit card rewards program. Lowering overdraft/nsf fees for its Free Checking account, Arvest Bank bucks the national OD feeaverage of $27.00, charging only $17 for free checking accounts. The Bank is also maintaining a free checking account with a free debit card, requiring no minimum balance and no monthly fee account. It also provides an alternative for consumers whose bank may have recently added fees to basic accounts.
Leaders Merchant Services is now offering merchants a merchant account with a low 0.49% debit & check card processing rate-less than one half of a percent. The Durbin Amendment, capping Interchange fees, allows Leaders Merchant Services to offer businesses a chance to really compete in the market. The Leaders Merchant Services credit card processing company offers retail merchant accounts, MOTO merchant accounts, and Internet merchant accounts, as well as mobile credit card processing accounts (this includes mobile credit card terminals and smartphone credit card processing).
TASC (Total Administrative Services Corporation) released its employee benefits account debit card on the “TASC Card.” Offering Participants access to funds, as well as greater flexibility and convenience when using those funds, The “TASC Card” manages two separate accounts with the “MyBenefits” account- connected to various employee benefits account(s), such as Flexible Spending Accounts (FSAs) or Health Reimbursement Arrangements (HRAs)- and “MyCash,” for which purchase types are not limited.
The Qtel Group launched its Mobile Money service “mobile wallet” (mWallet) solution. This lets users transfer money in Qatar and overseas through the mWallet. The Qtel Mobile Money service opens up a huge range of possibilities for customers and is as easy to use as a mobile phone. Customers will also be able to use their mobile phone accounts to save and send money, top up their credit, make payments and transfer airtime to friends, relatives, employees and partners.
Nokia launched its “Nokia 603” smartphone preloaded with the latest apps and featuring single-tap pairing. This completes the NFC-enabled easy pairing experience in an affordable package. This latest smartphone exemplifies Nokia’s belief that affordability should not compromise the quality of the experience. The Nokia 603 offers a seamless, compact design that makes the most of the durable 3.5 inch ClearBlack, scratch-resistant display, optimized for use in sunlight.