American Express reported posted its 1Q/12 net income of $1.3 billion, up 7% from the year ago figure of $1.2 billion while total revenues were up 8% to $7.6 billion from the year ago figure of $7 billion. Among the components are U.S. Card Services, with a 1Q/12 net income of $752 million, up 35%…
Advanced Payment Solutions (APS) Appointed Simon Knight as Non-Executive Director, to also serve as Non-Executive Director for AFL, regulated by the FSA as an Electronic Money Issuer and wholly own subsidiary of APS. Bringing with him 25 years experience in the consumer financial services industry in both the United Kingdom and internationally, Simon first became a Managing Director (of Private Label Mortgage Services Limited) in 1990. His career since includes CEO of GMAC-RFC Limited, a top ten UK residential mortgage lender, and of GMAC Rescap lending businesses in Latin America, Australia, and Europe. Prior to this, he held Board level positions in a range of businesses in both the UK and USA.
Dynamics next-generation payment devices launched its “ePlate” payment device that gives consumers the ability to change the experience they earn with each purchase by pressing different buttons on the device. The company also unveiled a large and growing experience™ application ecosystem with a developer toolkit that allows developers, such as charities, brands, retailers, and gaming companies, to create unique, branded experiences for ePlate™ consumers. The “ePlate” device itself has two buttons – each button associated with a different experience. If the consumer presses the “Experience 1” button to select one Experience Provider application and presses the “Experience 2” button to select a different experience. At any time, a user can use the Experience Manager™ software, available via a user’s phone or online banking website, to change the experiences associated with each button. The “ePlate” m-payment device is a paper-thin, flexible computing platform in a payment card form factor that includes the Electronic Stripe, which can be read at any existing POS magnetic stripe reader.
First Data Corporation electronic commerce and payment processing has signed an agreement with MoneyDesktop to integrate its personal financial management (PFM) tool into the First Data Online Banking (also known as FundsXpress fx eBanking) offering. This offers consumers the latest PFM technology and enables them to make better-informed decisions through a simple, intuitive navigation integrated into First Data’s online banking solution. First Data offers a full portfolio of integrated online banking and bill payment products, enabling financial institutions to increase customer retention, attract new customers, streamline internal processes and create new sources of revenue.
U.S. Bank and North Carolina State University launched the “Wolfpack One Card” campus identification that doubles as a prepaid MasterCard card. U.S. Bank will also deploy ATMs on campus. This is the first time US Bank has combined the ID with a prepaid card, which can be used for purchases wherever debit MasterCard cards are accepted. The new Wolfpack One Card continues to provide on-campus functionality, including meal plans, the AllCampus debit account and door or parking gate access to name a few. The card has no enrollment or monthly fees, and no minimum balance required to keep the account active. U.S. Bank offers email and text alerts to keep cardholders informed about account activity – such as ATM withdrawals, processed deposits or low balances – and access to a secure website (online or via their mobile phone) to view account balances, check transactions and make changes to the account anytime.
Tabbedout, the free mobile payment app that allows consumers to open, view and pay tabs with their phones, has launched service in nearly 50 locations throughout Dallas-Fort Worth. Available on both iPhone and Android smartphones, Tabbedout allows users to securely store credit or debit card information directly on their phone, encrypted and under passphrase protection, instead of on host servers or in “the cloud.” Consumers are safe from the threat of stolen payment information due to lost or forgotten credit cards since they now can open and pay their tab directly from their phone without handing over their credit or debit information to a server. Patrons can also view their itemized tab in real-time, removing any surprises at the end of the night.
Bank Freedom of PrepaYd signed multi-year agreements to implement FIS’ “FIS Mobile” in support of Bank Freedom’s mobile application for the underbanked market. Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless’ cellular phone service and Bank Freedom’s prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone – including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message – including the ability to send payments to other consumers and businesses.
Zebra Technologies Corporation, a recognized global leader in technologies that extend real-time visibility into business operations, announced a joint partnership with Hybrid Paytech, one of the world’s first companies to enable PIN/debit transactions over consumer smart phones and tablets, to provide mobile credit and debit payment and printing solutions to their global customers. The companies…
USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, announced that its customer, Pepi Food Services (“Pepi”), has signed an agreement to go 100 percent cashless by the end of 2012. Using USA Technologies ePort Connect® cashless payment and telemetry service, Pepi plans to convert its entire…
Amazon Web Services, an Amazon.com company, launched AWS Marketplace, an online store that makes it easy for customers to find, compare, and immediately start using the software and technical services they need to build products and run their businesses. Visitors to AWS Marketplace can use 1-Click deployment to quickly launch pre-configured software and pay only…
Bellco announced its mobile banking services, designed to improve the efficiency, convenience and security of banking on-the-go for more than 200,000 customers, now includes the My Deposit feature to allow customers to deposit checks using Bellco’s free iPhone® or new Android™ smartphone applications. Customers have enjoyed My Deposit for online banking using their home scanner,…
Upper Deck announced it is working with Dynamics, an innovator in next-generation payment devices, to launch a new trading card experience™ application for ePlate™ payment devices. The offering brings a new kind of experience to trading card enthusiasts by enabling them to earn exclusive Upper Deck digital trading cards with every purchase made through the…