Total bankruptcy filings were down 12% throughout 1Q/12 from the year ago figure, totaling totaled 314,583. This compares to the year ago figure of 358,131 filings. Commercial filings for the first three months of 2012 were 15,833 for a 19% decrease from the year ago figure of 19,638 filings while 298,750 total noncommercial filings recorded…
USA Payment Systems payment transaction processor appointed Carlos Siewczynski Senior Vice President, Sales and Marketing. In his role he will support direct sales support for independent ATM deployer and financial institutions. Most recently VP, Retail Sales with Nautilus Hyosung, he was responsible for the sale of more than 100,000 ATMs and helped the ATM manufacturer grow their U.S. retail market share to more than 70 percent. Also, from 2006-2007 he served as VP, International Business Development with Fireking, a cash controller business with $100 million in revenue.
U.S. Bank and FreeMonee Network partnered to offer cash incentives from popular national merchants that are generated automatically and relevant to U.S. Bank Check Card customers. U.S. Bank awards “FreeMonee Gifts” several times a month to select check card customers through an email from U.S. Bank that alerts them of their new, customized FreeMonee Gifts, which range from $2 to $50, depending on the merchant. The FreeMonee Gifts are targeted to ensure they are relevant and valuable to customers. Cardholders redeem their gift by simply using their U.S. Bank Check Card when they shop at the specific retail store, website or restaurant named in their gift message, which are rewarded automatically to the cardholder’s account with the specified gift amount.
Quad/Graphics and WIRED have collaborated to produce America’s first mass-produced Near Field Communication (NFC) magazine ad. WIRED’s April issue features an ad with an NFC tag that launches a mobile site when tapped by an NFC-enabled Android smartphone. NFC chips have been used in smartcard and other applications, but the advertisement appearing in 500,000 subscriber copies of WIRED’s April issue marks the first time the fast-emerging chip technology has been used in an American magazine on a mass scale.
Offering a new approach to increasing interest-free deposits and adding multiple revenue streams, TransCard announced it has signed a record number of financial institutions throughout March. Among the banks that signed with TransCard include Bank Midwest; Northwest Financial Corp.; Old Line Bank; Iowa State Saving Bank of Creston and West Bank. FOr its clients, TransCard’s mission is to grow deposits and fee income, as well as deepen their treasury relationships by creating or expanding a prepaid program.
Javelin Strategy & Research’s latest report – “Prepaid Cards and Products in 2012” – identifies that prepaid cards are particularly attractive to underserved segments”young consumers (notably Gen Y) and underbanked consumers (those who are not actively engaged in the use of traditional banking products) who want to build financial independence. Prepaid cards are held by…
Magento is a tool for creating online shops, which thanks to its easy installation and intuitive use has gained popularity all over the world – its clients include Lenovo, Telekom, Samsung and Louboutin. Easy customization of the layout and content, taking orders and an efficient client database management help run a professional e-shop. If you…
With nearly 1,100 no-surcharge ATMs located throughout North Carolina, State Employees’ Credit Union’s CashPoints ATM network is doing more than just providing convenient access for N.C. credit union members. The CashPoints ATM network is also saving North Carolina unemployment and child support beneficiaries over $8.4 million in ATM transaction fees annually. With nearly 3 million…
Virtual Piggy, an innovator in safe online youth purchasing, announced that CEO and Founder Dr. Jo Webber will join Xsolla, PayPal, Google and others in a panel discussion about micropayments in the gaming industry at the 2012 LA Games Conference. The panel, titled “Delivering the Virtual Goods: How Is the Micropayments Business Evolving for Games”…
MoneyGram is expanding its online money transfer service to the United Kingdom. The new U.K. website was unveiled and is the first step in MoneyGram’s strategy to expand the convenient online service globally. It lets users create and update an online profile with saved information on individuals and businesses they send to regularly; receive notification when funds are collected by their receivers; estimate a transaction fee and locate a MoneyGram agent location in 192 countries and territories.
HSBC UK has launched its “Fast Balance” app which gives the bank’s retail customers instant access to their account balance and recent transactions direct from their smartphone. Fast Balance is available on iPhone and will soon be launched for Android and Blackberry phones, letting users easily and securely access up to 10 accounts via their smartphone, check their balances and review the six most recent transactions on screen. The “Fast Balance” has been developed by Monitise with HSBC as part of a new three-year deal with the technology and services company to develop and support them.
Misys, the global application software and services company for financial services, announced that Société Générale has gone live on the ASP version of Summit FT, Misys’ solution for cross-asset front-to-back trading including derivatives and structured products. In today’s new market reality, financial institutions are increasingly looking for ways to reduce operational costs and improve time-to-market…