Thousand Oaks, CA based card industry experts, R.K. Hammer, have upgraded their growing menu of card research and analysis reports, and have now made them available in several foreign languages. Twenty-five of their top requested data metrics and analysis reports at their Card Knowledge Factory™ are now also available in: Chinese, French, Indonesian, Japanese, Korean,…
Ink from Chase business card portfolio from Chase Card Services introduced its new rewards program for the “Ink Bold” card. Offering customers rapid accumulation of points customized for the small business owner, featuring five points per dollar spent at office supply stores, telecommunication services and cable services, and two points per dollar spent on fuel…
American Express is celebrating the season of giving with The Gift Chain, an innovative new program that presents a surprise gift to cardmembers each time they shop at participating online retailers and spend $25 or more (up to 10 gifts, while supplies last). The Gift Chain consists of hundreds of thousands of gifts, ranging from $500 American Express Gift Cards to one-year ShopRunner memberships to $5 statement credits, and more. Plus, some gifts are shareable with three Facebook friends, enabling cardmembers to spread the joy this holiday season. To join The Gift Chain, cardmembers need to register an eligible American Express® Card and spend $25 or more at a participating online store between November 28 and December 21. Once cardmembers make a qualifying purchase, American Express will instantly send them an email revealing a surprise gift, which for select gifts could be shareable.
US banks are backing off the new monthly fees implemented over the proceeding weeks subsequent to the Dodd-Frank Laws. In addition to charging fees to use debit cards, many banks added or increased fees for checking accounts and raised amounts customers must have in those accounts to avoid such fees. Namely, JPMorgan’s Chase decided it won’t charge customers who use their debit cards to make purchases nor will Wells Fargo.
MoneyGram International global payment services company closed the previously announced underwritten secondary public offering of an aggregate of 9,250,000 shares of MoneyGram’s common stock by affiliates and co-investors of Thomas H. Lee Partners, L.P. and affiliates of Goldman, Sachs & Co. at a public offering price of $16.25 per share. In conjunction, MoneyGram made a partial redemption of its 13.25% Senior Secured Second Lien Notes due in 2018, held by affiliates of Goldman, Sachs & Co, in a principal amount equal to $175 million. The partial redemption was made at a redemption price of 113.25%.
Visa teamed up with the Shopkick company to offer shoppers rewards for using their Visa card to make purchases in time for ‘Black Friday.’ This lets Visa cardholders who choose to use their card online to receive Shopkick reward points. Visa cardholders will have to register their cards with the service however in order to be able to quality for the rewards. The reward points that are offered can then be used at a range of well known stores including Toys R Us, Old Navy and many others.
Geezeo US FinTech firm providing online financial management (OFM) tools, personal financial management (PFM), and web-based marketing platforms to financial institutions, announced that it has signed four additional credit unions, including the Fulda Area Credit Union, Minnesota; Northeast Alliance Federal Credit Union, New York; Finance Center Credit Union, Indiana; Premier Federal Credit Union, North Carolina. Each of these will be provided with Geezeo’s integrated, white label PFM solution and unique engagement banking platform.
BPC Banking Technologies, provider of Open System e-payment solutions for the global financial industry, with its award winning “SmartVista” e-payments solution earned the HP AllianceONE ‘Converged Infrastructure Ready’ certification. The ‘Converged Infrastructure Ready’ with NonStop verification process followed the successful porting of SmartVista to HP Integrity NonStop platform, helping ensure its e-payment business delivers continuous application availability. From simple credit and debit cards to sophisticated loyalty programs and multi application smart cards, SmartVista supports all aspects of card management.
CenPOS payment processing technology provider published its online infographic, “Who Killed the Paper Bill.” Illustrating the benefits that CenPOS “EBPP” provides its clients and their customers, “Who Killed the Paper Bill” touches on how it allows merchants to send invoices electronically via email allowing consumers to pay instantly through their computer or mobile device. Through the “Pay now” option found within the email consumers are redirected to a payment portal unique to that invoice. Because consumers can pay instantly, CenPOS “EBPP” reduces invoice aging and improves your cash flow. CenPOS provides customers and partners an intelligent payment-processing network that streamlines the payment experience for businesses and consumers.
Green Dot prepaid financial services company announced its application to acquire Bonneville Bancorp (“Bonneville”) and thereby become a bank holding company under the Bank Holding Company Act of 1956 has been approved by the Board of Governors of the Federal Reserve System. Subject to the terms and conditions of Green Dot’s merger agreement with Bonneville, Green Dot expects to close the merger with Bonneville promptly upon expiration of the statutory 15-day waiting period following the Federal Reserve Board’s approval.
Australia and New Zealand Banking Group Limited (ANZ) announced that it has sold its Cambodian mobile payments company “WING” to Inter Logistics for undisclosed terms. The “WING” mpayment solution has operated in Cambodia since it was launched by ANZ in January 2009. WING is Cambodia’s most comprehensive mobile payments company offering transactions in both USD and KHR and accessible through a nationwide service across six mobile network operators.
Network International (NI) independent payment solutions launched instant credit card issuance services in the region and forged a partnership agreement with The Group to provide third-party processing of credit card products to The Group and its clients. The Group has more than 20 years experience in financial activities and its annual transaction volume exceeds 62 billion Qatari Riyals. NI will also provide The Group with an instant card issuing solution, allowing The Group to approve and issue credit cards instantly for its high net worth individual clients in less than five minutes. NI’s state-of-the-art instant credit card issuance solution is integrated with The Group’s front end system and the instant issuance can be performed with the highest standards of security.