American Express announced a line-up of fashion experiences exclusively for its style-savvy Cardmembers to gain insider Mercedes-Benz Fashion Week access to the American Express Skybox at Lincoln Center, MADE at MILK Studios and this season’s Cardmember-Only Show with Rachel Zoe. As a proud partner and supporter of the industry, American Express is committed to help support and drive business while creating unique access and unforgettable experiences for Cardmembers. Zoe expanded her fashion empire in 2011, with the launch of her fashion line and is now a constant fixture at retailers across the country. A recent inductee into the Council of Fashion Designers of America, Zoe will present her first runway show at Mercedes-Benz Fashion Week. American Express will feature street-style photography from Dore in a stunning lobby display at Mercedes-Benz Fashion Week, along with curated images from fashion enthusiasts around the country submitted via Instagram using #AmexFashion.*
MoneyGram renewed agreements with Vietcombank, featuring an expanded money transfer service allowing customers in Vietnam to send and receive money transfers at nearly 400 Vietcombank transaction offices. The renewal and addition of send services makes Vietcombank a full-service MoneyGram money transfer agent in Vietnam. It also builds on the nearly 18-year relationship between the two companies and reflects an important milestone and significant advancement for MoneyGram’s remittance service in Vietnam and its relationship with Vietcombank.
PULSE debit/ATM network extended and expanded its long-term relationship with Motorola Employees Credit Union (MECU), as MECU’s network provider for PIN debit. This provides MECU’s 39,000 members with access to POS terminals at retail locations across the U.S. through PULSE PAY®, as well as PULSE’s nationwide network of more than 380,000 ATMs. MECU, with 10 branch locations in Illinois, Florida, Georgia, Massachusetts and Texas, has been a PULSE participant since 2007 and chose to expand its relationship with PULSE following a comprehensive review, facilitated by the Illinois Credit Union League Service Corporation, that included a detailed analysis of MECU’s debit program transaction history. The process confirmed that MECU achieves improved debit economics when its PIN debit transactions are routed through PULSE.
My Clear Reports has added the MerchantCard MasterCard Prepaid Business Card to its MCR virtual business center for merchants. The MerchantCard is a virtual bank account and business card designed for business owners and their employees, providing all the benefits of a traditional bank and debit card relationship, without the need for a bank account. The MerchantCard can be used for purchases or to access cash anywhere MasterCard is accepted worldwide. Merchants gain complete control of funds with features such as automatic email and text alerts when purchases are made, funds are loaded or transactions of any type occur.
VeriFone Systems officially kicked off its “SAIL Developer Portal” for application developers, granting access to tools and APIs that enable them to integrate with the SAIL mobile payment platform. The new mobile payment solution provides tools for independent developers to easily integrate instant enrollment with an open platform that enables mobile application developers and technology providers to build their own payment or marketing solutions with VeriFone infrastructure. The SAIL Developer Portal features a SAIL Instant Commerce Toolkit that enables developer plug-and-play access to the components of the SAIL Open Payment platform, including APIs for real time merchant enrollment, payment processing through the secure SAIL payments engine, as well as inventory and data sync capabilities. Developers can use the complete toolkit to develop their own iOS and Android mobile payments solutions, without having to rebuild secure gateway or mobile device driver assets.
Oberthur Technologies announced its Trusted Service Manager (TSM) Platform is being used by Westpac for its pilot Android Mobile NFC Payment application. Oberthur Technologies’ TSM solution allows for the secure personalization of Westpac’s Debit cards pre-personalised into android handsets fully-equipped with a secure element embedded in the SIM card – meaning there is no additional hardware attachments required. Once the users’ virtual Debit card has been personalized on the phone, participants will be able to pay for goods simply by tapping their phone onto contactless payment readers at the checkout. Oberthur Technologies is a trusted supplier to more than 5,000 banks, mobile operators and transport authorities globally and has consistently innovated its solution offerings to answer the needs of the NFC ecosystem.
Compass Plus retail banking software and electronic payments systems to financial institutions released a white paper, “The Rise and Fall of a Fraudulent Transaction,” detailing the evolution of financial services and how financial institutions must deploy multiple layers of protection in order to stay ahead of the fraudsters. It shows how the financial services sector has undergone a transformation in the last 10 years with customers no longer needing to visit their bank – Internet, mobile and self-service kiosks, including ATMs, now provide access to services at all times. Compass Plus outlines the various types of fraud that are prevalent today and the numerous layers of protection that can be used to combat them.
American Express and fred’s Super Dollar, including 339 full-service pharmacies, operating in the Southeastern United States, will launch a special three-month American Express Cardmember offer beginning in September to celebrate the recent card acceptance agreement between the two companies. From September 1, 2012 through November 30, 2012, American Express® Cardmembers can earn a one-time $10 statement credit by using their synced American Express® Card to make a single purchase of at least $30 in-store at any fred’s Super Dollar location.
Discover will launch a 15-week fan loyalty poll in September that will give die-hard fans a platform to showcase dedication to their favorite college football team. Title sponsor of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover will survey college football fans to find out which school truly has the most loyal fans in America and release these findings weekly alongside an additional bi-weekly supplement. Beyond title sponsorship of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover’s commitment to college football includes relationships with ESPN and Notre Dame football on NBC.
Wright Express Corporation business payment processing and information management solutions has expanded its global presence by acquiring a 51% interest in UNIK S.A., a privately-held provider of payroll cards in Brazil for approximately R$44.7 million (approximately US$21.9 million). The agreement also includes the potential to acquire the remaining shares over a three-year period. The investment is expected to be accretive to adjusted net income starting in the first twelve months. UNIK is a leading provider of payroll cards, private label and processing services in Brazil specializing in the retail, government and transportation sectors.
MoneyGram and UnionPay announced a network expansion to provide emergency cash services to UnionPay credit card cardholders. The service will become available to member institutions in a phased approach. UnionPay credit cardholders with cards issued by UnionPay’s member institutions can now use MoneyGram’s global network of 284,000 locations to receive emergency cash services. Each UnionPay credit cardholder is eligible for cash assistance provided the card-issuing bank has enrolled to the MoneyGram service. The amount of available emergency cash is based on the credit limit designated by the card-issuing bank, with the maximum amount capped at USD $5,000.