Pre-recession average credit card interest rates hovered around 16%- not far off the current 14.98% average- before dropping to a rock bottom 12.64% back in 2010. Rates have been on their way up since the June average of 14.83% and now sit at record highs. As for the months between, February rates dropped like a…
Visa kicked-off its national marketing campaign on social, traditional and digital media channels to get the word out on its “Visa You and 10” Super Bowl Sweepstakes. Offering cardholders the chance to win a trip for themselves plus 10 friends to Super Bowl XLVI, the campaign features a long-form web film hosted on Visa’s Facebook page and YouTube channel, in addition to network commercials, “The Entry” and “Superfan Invitation,” telling the story of one fan who won the Visa You and 10 Super Bowl Sweepstakes with a swipe of his Visa card. The “Visa You and 10 Super Bowl Sweepstakes” requires no purchase or obligation to win and contestants need only use their Visa card through Dec. 27 for all an expenses paid trip to the big game.
Visa research is now indicating 58% are planning a holiday budget before their shopping commences, up 10% from the year ago period, while 7% expect to have more to spend and 31% will have less. Moreover, 78% would rather receive a Visa Gift card than a gift card for a specific store or restaurant and…
Epson America banking and payments solutions announced the Association for Financial Professionals Conference (AFP) that Sovereign Bank will offer its “CaptureOne” line of check scanners. Complementing the Banks Onsite Check Deposit remote deposit capture (RDC) service, “CaptureOne” enables fast, two-sided check scanning with the highest MICR accuracy in its class and industry-leading two-year warranty, allowing business customers a secure and efficient way to process check payments directly from a business location, reducing check handling costs and improving cash flow.
Regions Bank customers now can express their support for the Ole Miss Rebels with their Regions Visa CheckCard because the Bank is introducing a new University of Mississippi CheckCard with the Ole Miss logo and signature navy and red colors. Available beginning November 23, the products can be used with all Regions Bank consumer checking accounts. The offering also makes available to customers Regions “Cashback Rewards,” a free program offering online banking customers cash back; Regions “SafeGuards” security features and fraud protection; and Worldwide access. Regions Bank is the official bank of the Southeastern Conference, also offering branded CheckCards and checks affiliated with Mississippi State University Fan Pack, the Florida Gators Fan Pack and the University of Alabama Fan Pack.
The ACI Worldwide “Online Banking Fraud Management Solution” is now available pre-configured for ACI Enterprise Banker. The solution enables financial institutions to better protect their corporate customers from fraudulent transactions and attacks with the ACI “Proactive Risk Manager” and is pre-configured for ACI customers using Enterprise Banker in house or in an ACI On Demand environment, considers activity on an end-user account — monetary and non-monetary — to establish a picture of standard activity for that customer, and highlight anything that is out of the ordinary. Meanwhile, the “Proactive Risk Manager” can be used to manage risk across all a financial institution’s business lines and customer accounts.
Citi enhanced its spend analytics tool, “Citi Working Capital Analytics” (CWCA) refined its Citi Commercial Card programs. The CWCA in-depth consultative service analyzes an organization’s spend data to provide comprehensive visibility into their overall expenses. Clients receive actionable reporting and benchmarking data to help them better understand how and where they are spending. These enhancements provide additional insights enabling Citi clients to capture more spend using Citi Virtual Card Accounts (VCA). The global payment solution allows companies to create single-use 16-digit plastic-less account numbers for vendor payments. Transaction-level controls, enhanced workflow tools and robust reconciliation data allow clients to further optimize their Purchasing Card programs.
Panini is sharing their remote deposit capture (RDC) expertise directly with business organizations, showcasing its remote deposit innovation. Panini has been independently confirmed as the market share leader in the RDC industry for the past five consecutive years, and offers a full range of innovative hardware and asset management software to complete any remote deposit solution. Its scanner management solution, “Panini Avantor,” and their remote deposit check scanning products including the “Panini I:Deal,” “Panini wI:Deal” and “Panini Vision X.”
Citi expanded its GTS Mobile functionality, with new differentiated offerings for its Commercial Cards and Treasury Services clients. Citi Commercial Cards, responding to growing demand from clients around the world, announced the availability of mobile alerts for cardholders and Program Administrators (PAs) in Colombia, India, Singapore and now, the United States. Citi’s corporate cardholders can manage their expenses and keep track of their corporate spend regardless of day, time or their location via their mobile devices. With this, the mobile messaging now offers Citi’s US corporate cardholders the ability to receive four Short Message Service (SMS) alerts indicating Statement is ready to be viewed; Payment is due; Payment is past-due; and Payment has been received.
Benefit Concepts has launched a new and improved Flexible Spending Account System, simplifying and updating the substantiation process for Stored Value Card (debit card) expenses. Stored Value Cards are very convenient and are used to pay for out of pocket health care expenses. Most of the time there are no further administrative requirements for the participating employee. However, about 10 to 15% of the time the FSA participant is asked to submit proof for the card expense.
3i Infotech Billing & Payments software and solutions for the end-to-end corporate revenue chain, and leading financial technology provider Online Resources Corporation, announced a reseller agreement that will deliver a complete electronic payment and processing solution to customers. With this, the companies will integrate Online Resources’ “Payment Advantage” solution, allowing electronic payments on a one-time basis or through enrollment, with 3i Infotech’s presentment and processing solutions. The new relationship is part of 3i Infotech Billing & Payments’ Center of Excellence and core to its ongoing channel management consolidation strategy designed to optimize client revenue chains through improved efficiency, simplicity and cost controls.
PrepaYd Wireless Mobile Virtual Network Operator (MVNO) and a wholly owned subsidiary of PrepaYd will be presenting a Case Study on Mobile Financial Services at the MVNO Industry Summit USA November 8-9 in Dallas. PrepaYd Wireless wireless service provider offers Mobile Financial Products, as its parent company PrepaYd is an established Tier 1 service provider of prepaid debit cards and other financial products that are critical components in providing Mobile Financial Services.