Total bankruptcy filings were down 16% in April, totaling 108,860 filings. This is down 11% from March figures of 122,155 total filings- which were up 17% from the 104,418 filings in February 2012- and year ago figures of 129,815. In all, consumer bankruptcy filings fell 16% to 103,733 while commercial filings were down 25% to…
Greg Haney has been appointed Executive VP, Operations with Online Resources digital financial services. He will oversee Electronic Bill Presentment and Payment (EBPP) business. Bringing to the role over 20 years’ experience, Greg was most recently senior VP, Operations of Biller Services for Fiserv, overseeing daily operations and played a major role in developing strategic relationships with Visa, MasterCard, Discover and others. Haney was also instrumental in creating the business model which allowed BillMatrix (now part of Fiserv) to provide electronic payment services to clients within the boundaries of ACH and card association compliance. He was also a financial services consultant for electronic payments and interchange management to merchants, payment processors and card-issuing clients to improve their overall operations.
Chase is launching its “Chase Liquid” reloadable card. designed to give customers control and flexibility with the convenience of Chase’s extensive branch and ATM network, “Chase Liquid” will kickoff this summer. Charging a flat monthly fee of $4.95 with no fee for making withdrawals and deposits at Chase ATMs and branches, the “Chase Liquid” solution lets cardholders refill their card with cash or checks at Chase’s 10,500 DepositFriendly℠ ATMs and 5,500 branches nationwide; withdraw cash at Chase’s 17,500 ATMs and 5,500 branches nationwide; sign up for direct deposit – paychecks or government benefits such as Social Security; receive online or paper statements; and charges no overdraft fees, though it does require an initial deposit of $25.
ControlScan has acquired Atlanta-based CRE Secure cloud-based secure payment solution for undisclosed financial terms. CRE Secure provides a hosted payment page that utilizes patent-pending HTML cloning technology to deliver a more consistent experience for the online consumer as well as a secure, PCI-compliant ecommerce solution for the merchant. CRE Secure’s technology and existing partnerships with payments industry leaders complement ControlScan’s PCI compliance and security solutions. The CRE Secure solution offers ecommerce merchants, and the acquirers who serve them, a way to significantly reduce PCI scope, making the compliance process simpler and more affordable.
Fiserv, a leading global provider of financial services technology solutions, announced that Cornhusker Bank community bank will deploy its “Common Origination Platform.” Cornhusker Bank, a Fiserv client since 2003, selected Common Origination Platform from Fiserv as a result of its search for an origination system that could help the bank initiate and board loans more efficiently. Common Origination Platform from Fiserv is a single-platform solution that gives a lender a view of its borrowers across all lending channels and products, with data in one place regardless of the point of origination or loan type. Consolidating the origination and boarding of consumer, equity, commercial and mortgage loans creates efficiencies for an organization by streamlining data and enabling employees to learn only one system.
New Balance and Samsonite are now among major retail brands that have selected VeriFone GlobalBay’s mPOS solution. The VeriFone GlobalBay mPOS makes it possible engage the customer in a more meaningful way by untethering the store associate from a fixed location POS register to provide mobile checkout at the point of interaction where its really needed. VeriFone GlobalBay apps also provide store associates with access to inventory, price and product information, as well as customer purchase history and recommendations.Samsonite and New Balance will utilize the VeriFone GlobalBay mPOS app for iPod touch.
USA Technologies is showcasing its turn-key “ePort Connect” service, a wireless, cashless and contactless telemetry and M2M solution for the small-ticket, self-service retail industry at the International CTIA WIRELESS Show on May 8-10. USA Technologies will be highlighting its leading-edge cashless payments and telemetry services on a Susie’s Lemonade-branded machine as featured in Verizon Wireless’ national commercial campaign and website. In addition, USAT will demonstrate several of the new customer engagement services announced last week at a major industry trade show, including its prepaid and loyalty program. This program was customized for Verizon Wireless at CTIA to deliver a Susie’s Lemonade coupon to a mobile phone in real time when a purchase is made at the Susie’s Lemonade vending machine. USAT will also be demonstrating additional NFC/Mobile payment capabilities at this event.
Cash Register Services announced the integration of VALID Systems’ state-of-the-art check cashing technology into its register system that is anchored by VALID’s groundbreaking decisioning and identification platform. CRS joins major players in banking and financial services in VALID’s growing network of customers and partners. CRS has been piloting in 100 stores and will begin offering…
WorldPay, the global leader in payment processing, risk and alternative payments has today launched Optimizing your Alternative Payments, an in-depth global whitepaper and interactive heatmap of the alternative payments landscape, and the varying cultural preferences of payment types by geography. The alternative payments (AP) market is growing at a phenomenal rate. Today, it accounts for…
Global Cash Access Holdings announced financial results for the first quarter ended March 31, 2012. Fiscal First Quarter 2012 Highlights Operating income increased 69% quarter-over-quarter to $15.7 million EBITDA increased 51% quarter-over-quarter to $19.8 million Net income per share – diluted increased 267% quarter-over-quarter to $0.11 Cash EPS increased 133% quarter-over-quarter to $0.21 “We are…
American Express Chief Financial Officer to Participate in the Barclays Capital Americas Select Franchise Conference American Express Chief Financial Officer, Dan Henry, will participate in the Barclays Capital Americas Select Franchise Conference in London on Wednesday, May 16, 2012, at 8:30 a.m. (local time). Mr. Henry will participate in a question and answer session relating…
CashStar, the preferred digital gifting and incentives partner for retailers, today announced the results of its first Mother’s Day survey. The survey examined if mothers are truly getting what they want on their special day. While meals out at a restaurant with their family is the most popular choice with one-third (34 percent) of mothers…