The US unemployment rate was down slightly in April, dropping from the March figure of 8.2% to 8.1%. Meanwhile, total bankruptcy filings were down 16% to 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…
American Express and Isis mobile commerce JV between AT&T Mobility, T-Mobile USA and Verizon Wireless partnered to make American Express’ “OPEN” Small Business and Serve Cards available in the Isis “Mobile Wallet”. American Express Cardmembers will be able to shop, tap and pay with their mobile device equipped with Near Field Communications (NFC) technology. American Express is adding its Cards to the Isis mobile wallet to connect its merchant network with Cardmembers and create a secure shopping experience. The “Serve” platform is American Express’ new digital payments and commerce platform and its addition into the Isis Mobile Wallet opens the door to new customer segments who can benefit from the service and security of American Express.
Jason Wadler, Executive Vice President of Leapfrog Online, is set present keys to mobile innovation and results at the upcoming Net.Finance 2012 Event on May 21, 2012 in Chandler, AZ. His session, “Successful Prospecting Strategies for the Mobile Consumer,” will address financial services institutions leveraging mobile strategic channels to attract valuable new customer segments. Wadler will share data about the impact of mobile in driving new customers into the pipeline, and provide insight into what top brands can do to optimize mobile as a driver of long-term revenue and customer growth. Leapfrog Online digital marketing company is based in Chicago and applies deep domain knowledge and expertise to builds targeted industry solutions.
American Express launched its reloadable, prepaid American Express Campus Edition Prepaid Card in more than 500 Barnes & Noble college bookstores across the United States. This will provide college students with a smart spending and budgeting tool that can be used anywhere American Express Cards are accepted. For an initial purchase of $4.95, the card can be funded with multiple loading options at the register with any dollar amount from $25 to $500. It offers “Purchase Protection” against accidental damage or theft of eligible items for 90 days from date of purchase, up to $1,000 per occurrence and up to $50,000 per Cardmember account per calendar year; Roadside Assistance which provides dispatch services including towing, battery recharge, gas delivery, locksmith service and changing a flat tire; Global Assist Hotline services provide trip planning assistance as well as emergency assistance when the Cardmember is traveling more than 100 miles from home; and American Express “Deal Center” discounts at select merchants.
Chase Card Services partnered Fairmont Hotels & Resorts to launch the Fairmont Visa Signature Card. Giving cardmembers access to exclusive amenities and rewards, Cardmembers will be eligible to receive two complimentary night stays complete with two breakfast dining certificates at any Fairmont property worldwide, after making $1000 in purchases within the first three months of obtaining the Card. They will also earn Fairmont Rewards with all of their purchases, which they can redeem for Fairmont stays worldwide while enjoying no foreign transaction fees on international purchases. The Card also automatically upgrades cardmembers to Fairmont President’s Club Premier status upon Card approval. Also, the annual fee is waived the first year for applications received by July 31, 2012.
TransCard launched its prepaid programs in partnership with Iowa State Savings Bank. Iowa State Savings Bank forged agreements with TransCard to market payroll, gift, and everyday prepaid cards through all their branches in Creston, Lenox, Corning and Diagonal, Iowa. This expands the Bank’s prepaid program.
Fiserv announced that Valero Retail Holdings deployed its “CorPoint: Deposit Manager” cash management solution for use in the company’s North American retail stores. This allows Valero to deploy an armored-carrier agnostic remote cash capture solution and select smart-safe hardware devices that best meet the needs of its retail stores. The “CorPoint” platform will provide Valero near real-time information delivered from smart safes in Valero retail stores to the company’s central site to ensure consistent accounting and bank reconciliation procedures are maintained.
NetSpend Holdings forged distribution agreements to sell the NetSpend Visa Prepaid Debit Card at Family Dollar Stores locations nationwide. Family Dollar and NetSpend plan to make the prepaid cards available in more than 7,200 locations beginning in May. NetSpend is a leading provider of general-purpose reloadable (GPR) prepaid debit cards and related financial services to the estimated 60 million underbanked consumers in the United States who do not have a traditional bank account or who rely on alternative financial services.
Mother’s Day is now only second to Christmas as the largest eGift holiday, reports CashStar, the digital gifting and incentives company. Responding to consumer demand, a number of retailers are currently offering promotions for Mother’s Day eGift Cards. According to a recent survey conducted by CashStar, almost as many mothers indicated that they would most…
Diners can now vote with their palates and raise funds for charity in the new 8 Great PlatesSM restaurant competition to determine the most-loved international cuisine in ten U.S. cities. Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], announced today the start of public voting for consumers’ favorite international dishes among…
Heartland Payment Systems, one of the nation’s largest payments processors, announced that Robert Baldwin, President, and Maria Rueda, Chief Financial Officer, will be participating in the J.P. Morgan 40th Annual Global Technology, Media and Telecom Conference. The conference will be held at the Westin Boston Waterfront Hotel, in Boston, Massachusetts with the Company’s presentation scheduled…
Compass Plus retail banking software and electronic payments systems announced Alfa-Bank has launched its processing center into commercial operation based on the TranzWare product suite from Compass Plus. The in-house processing center lets Alfa-Bank develop its retail banking business, including payment cards. The project implemented TranzWare CMS, TranzWare Online, TranzWare Card Factory, TranzWare Messaging Gate, which provide the full functionality of the processing center.