U.S. Bank and American Red Cross partnered to provide disaster preparedness funding, opportunities for customer contributions, and increased employee volunteer opportunities. This partnership includes an annual commitment of $250,000 from U.S. Bank to help the Red Cross prepare for vital disaster services; the opportunity for customers to contribute at designated U.S. Bank ATMs when disaster strikes and U.S. Bank will kick off Employee Awareness and Preparedness Fairs for its 65,000 employees across the nation throughout the year.
Prepaid Resources prepaid debit and banking technology partnered IDology to incorporate advanced identity verification and pre-screening solutions. IDology will implement the Prepaid Resources “FraudGuard” fraud security services. The FraudGuard solution protects against unauthorized direct deposit enrollments. Using Prepaid Resources’ award-winning “BenefitsDirect” ‘Direct Deposit Management’ application. IDology is a provider of real-time technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain.
BitPay bitcoin payment processing expanded its Seed round of funding by adding more angel investors, including Ben Davenport, Trace Mayer, and A-GRade Investments. BitPay now has over 3,200 merchants using its platform to accept bitcoin payments, and recently disclosed that in 2012 they processed over $3.3 million in bitcoin payments for its merchants. BitPay has developed significant expertise in this area, understanding all of the edge conditions and scalability issues that a company would face trying to use bitcoin, and this expertise puts BitPay way out in front of the bitcoin processing space. Having developed a suite of software tools that allow businesses to collect payments over the bitcoin peer-to-peer payment networ, BitPay can accept a payment from any country on earth, instantly, with zero risk of fraud.
Symphony Teleca Corporation has become a strategic development partner to Kovio NFC products and services. Symphony Teleca will leverage its expertise in the development of big data analytics platforms for retailers, brands, and consumer packaged goods (CPG) industries to co-develop mobile services and applications that enable marketers and advertisers to conduct dynamic and integrated NFC-based mobile marketing campaigns using NFC tags activated by consumers’ own NFC-enabled mobile phones. The development of NFC-based mobile marketing creates a new era in the way brand marketers engage consumers, drive conversion and build brand loyalty through opt-in, personalized, authentic, and contextual experiences at both point of purchase and point of use.
Bank of America introduced its BankAmericard Better Balance Rewards card. Rewarding customers with up to $100 annually for responsibly managing their monthly credit card payments, the new card allows customers to receive $25 for every quarter that they pay any amount more than the monthly minimum due and make payments on time. Also, cardholders receive $25 quarterly cash rewards when payments are made on time and for more than the minimum amount due, $5 bonus per quarter for having another qualifying Bank of America account and can choose to have their cash rewards automatically credited to their card balance or deposited into a Bank of America checking or savings account or Merrill Lynch Cash Management Account with no annual fee.
Chase launched a national advertising campaign to introduce Chase Platinum Business, offering dedicated customer support with free and discounted fees. Customers receive concierge-level service with an assigned banker and dedicated phone support. The advertising campaign features three Chase Platinum Business customers who tell their stories in extended-length videos and print and radio ads. This follows Mission Main Street, a 2012 effort that highlighted how Chase’s financing helped six entrepreneurs expand their businesses. Told from the business owners’ perspective, the videos capture the spirit of American enterprise.
The Bancorp Payment Solutions Group announced its TPC Payables Prepaid Visa Card has been recognized as a 2013 Paybefore Awards winner. Recognized in the “Best Business-to-Business Prepaid Card” category, the Payments Company (TPC) facilitates electronic payments between businesses, vendors, and employees. Backed by its proprietary software and AP advantage ePay Network, TPC provides a complete accounts payable disbursement solution that includes software integration, vendor enrollment, payment processing, and reconcilement. The Paybefore Awards is now in its seventh year.
Deutsche BankDeutsche Bank jointly developed and implemented its cash management solution with General Electric’s Treasury team. Customizing NTT Data’s eBAgent in order to streamline General Electric’s Japanese Yen payment and reporting processes, the partnership is focused on managing multi-bank relationships. Addressing issues of multiple proprietary banking platforms with different interfaces and formats, the Deutsche Bank’s solution helps address these issues by offering a single conduit to process multiple bank payments over NTT Data’s ANSER and harmonise the reporting into a unified format. It also lets clients consolidate their banking interfaces, saving on transaction and maintenance costs.
Transaction Network Services (TNS) partnered AAPT to reduce cost and improve reliability for acquirers and processors operating fleets of Dial EFTPOS devices. TNS connects millions of payment devices for customers globally, serving the requirements of half of the major acquirers and processors worldwide.
Diebold launched its “Diebold 429” intelligent-powered ATM, designed to meet the increasing demand for self-service terminals. Built with a unique intelligent power management system, it automatically switches between three possible power sources (solar panel, alternating current (AC) grid and internal battery), maximizing terminal uptime, lowering total cost of ownership and delivering unprecedented convenience to consumers. Highly efficient, consuming approximately 40 percent less energy than the previous generation of cash dispensers, the self-service terminal has an integrated four-hour battery backup for enhanced ATM reliability. The Diebold 429 offers superior transaction opportunities, equipped with an optional single-note acceptor (SNA) that enables small-volume currency deposits and bill payments at the ATM, improving speed and convenience for the consumers.
Spire Payments acquired Thyron Payments Systems mobile payments to become the third largest Chip and PIN / PCI SRED MPOS solution. As a wholly owned Spire subsidiary, Thyron is pivotal to the Company’s mobile payment technology strategy. Thyron’s “PosMat Smart” provides the only MPOS solution for the micro merchant truly deployed in the field and compliant with latest Visa recommendation for Mobile Payment applications. The device enables small enterprises such as plumbers, builders, gardeners and mechanics to accept card payments by integrating easily with Smartphones and tablets and is secure due to the PosMate’s® PCI and EMV certification.