U.S. prime credit card ABS chargeoffs declined to their lowest levels since 2008 as credit card defaults and late payments fell and late stage delinquencies dropped three basis points (bps) to 2.23% for the month of March. The 60+ day delinquencies are 28% lower from the year ago period while early stage delinquent balances, associated…
Transaction Network Services is continuing to expand its secure, high speed and cost efficient connectivity services across different asset classes by partnering with hybrid trading platform Trad-X, developed by global interdealer broker, Tradition. The Trad-X platform provides a fast, flexible, scalable and resilient method of trading Interest Rates Swaps, which accounts for the largest volume of trades within the OTC market place. The Trad-X system has been developed by Tradition to meet the complex needs of traders operating within a shifting regulatory landscape. TNS continues to grow its trading venue portfolio and now offers connections to alternative venues in the derivatives and commodities space as well as traditional equity venues.
mFoundry banking and payments provider announced KeyBank launched mFoundry’s “mBanking” mbanking technology to expand the bank’s mobile banking offering. Adhering to an aggressive schedule, mFoundry launched KeyBank’s mobile banking applications with very successful results. In the first week following the launch of its new mobile banking apps, half of KeyBank’s existing Android users upgraded to the new app. The number of new user downloads of the iPhone application has exceeded the bank’s expectations by nearly two-fold. “It’s great to see so many clients tapping our expanded mobile services. Their enthusiasm for the new service demonstrates Key’s commitment to developing services based on clients’ insight,” said Olack.
RP Solutions remittance processing and electronic payments solutions has added a new feature to its remittance processing solution to simplify the processing of paper checks generated by bank and third party online bill payment services such as CheckFree.com. Unlike traditional remittance payments, online bill pay checks are not accompanied by a remittance coupon, are printed in a variety of formats and often suffer from missing or incomplete account data. By automating the processing of these payments, ExpertRPS’ new Online Bill Pay feature reduces operational costs, enhances cash flow and increases customer satisfaction for billers.
Digital Dining hospitality POS software will add Tabbedout, the free mobile payment app that allows consumers to open, view and pay tabs with their phones, to their product portfolio by the end of Q2. This offering means a larger segment of the hospitality industry across the country can now offer a mobile payment option – and the more than 100M U.S. consumers with smartphones in their pockets have an instant and secure way to pay bar and restaurant tabs.
Tabbedout will be integrated with Digital Dining POS, making it as easy as a simple software update for bars and restaurants to deploy Tabbedout without the need for any new hardware. With Tabbedout, bars and restaurants can spend more time serving food and drink to their patrons instead of closing out checks, which means more revenue to their bottom line.
Bill.com integrated bill payment, online invoicing and cash flow management solutions for businesses announced that Mercantile Bank of Michigan has standardized its online business banking services on the award-winning Bill.com platform. Mercantile Bank of Michigan is the first financial institution to utilize Bill.com’s platform and provide its customers with seamless access to robust AP, AR and cash flow management capabilities all in one easy-to-use solution. The Bill.com platform provides Mercantile Bank of Michigan business customers a solution that automates manual processes and makes it seamless to send and receive payments through multiple payment channels. It also helps businesses manage cash more effectively by providing a comprehensive view into their cash flow position for better decision making. Mercantile Bank of Michigan customers benefit from an integrated experience that includes single sign-on (SSO); one click setup of their company, users and bank accounts; and the ability to pay and get paid immediately after setup. Customers using the Bill.com platform login on average two times per day to follow up on a receivable, review and approve a bill, make a payment, or perform other financial tasks.
Virtual Piggy announced its youth-friendly purchasing service to the fantasyland building site Kidlandia, an online virtual world that provides children with a magical place to learn as they enjoy creating and exploring their own personal kingdoms, and their software is licensed by Snapfish, Walmart and Walgreens for social merchandise. Kidlandia users will be able to purchase virtual goods, games and other items in its store with the Virtual Piggy payment option in a secure COPPA compliant way. Virtual Piggy’s online payment solution is parent approved and managed. When making purchases through Virtual Piggy, children do not share any personal information making it completely COPPA compliant and TRUSTe certified.
mDialog, the leader in video stream management for addressable TV commercials on internet connected devices, today announced that its Smart Stream™ Video Platform is now fully integrated with AuthenTec’s content protection services. The combined mDialog/AuthenTec offering allows broadcasters and service providers to monetize video through in-stream advertising across a broad array of internet connected devices,…
Gemalt digital security was selected as the technology provider for “Transfer,” the service to be offered by the joint venture between América Móvil/Telcel, Citibank´s Mexican unit Banamex and Banco Inbursa in order to turn the mobile phone into an innovative and efficient payment instrument for carrying out transfers and air time purchasing. It allows financial transactions in real time, 24 hours a day, from a mobile device through SMS messaging. América Móvil is the leading telecommunications services provider in Latin America with around 242 million mobile phone subscribers and operations in 18 countries. Gemalto is the technology provider in Mexico of Transfer´s transactional platform and is responsible for the service development, support and operation.
The Hartz Mountain Corporation finds advertising success with Chief Media and their recently released Continuum 1.0 analytics and tracking platform. Combined with the high Return on Investment (ROI) of Direct Response, this new advertising technology benefits advertisers like Hartz in the reduction of marketing costs and provides useful metrics to make educated advertising decisions. This…
Todd Maclin, Chief Executive Officer, Consumer & Business Banking of JPMorgan Chase & Co., will present at the UBS Global Financial Services Conference at The Waldorf Astoria Hotel in New York on Tuesday, May 8, 2012 at 1:00 p.m. (Eastern). Presentation slides and a live audio webcast will be posted on the day of the…
The Massachusetts Bay Transportation Authority (MBTA) and Masabi US Ltd, the transit mobile ticketing pioneer, jointly announce that they will be bringing mobile ticketing to MBTA commuter rail riders this fall. With applications for iPhone, Android, and Blackberry, customers will be able to seamlessly purchase commuter rail tickets and passes. Once tickets are purchased, customers…