American Express reported second-quarter net income of $1.4 billion, up 5% from $1.3 billion a year ago. Diluted earnings per share was $1.27, up 10% from $1.15 a year ago. Second quarter consolidated total revenues net of interest expense rose 4 percent to $8.2 billion, from $8.0 billion a year ago. The increase reflected higher…
Misys announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently. Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.
MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.
Insperity human resources and business performance solutions launched its “ExpensAble Plus” MasterCard, offering clients front-end spending control through the integration with the Insperity ExpensAble Corporate expense management automation solution. Businesses now have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.
mopay payment solutions for online merchants announced a revolutionary breakthrough in user convenience. In cooperation with Telefonica and Vodafone, customers are now able to complete Web-based carrier payments with a single confirmation click. An enhanced user profile creates the basis of this new anonymous ID technology, which significantly shortens the payment process and boosts conversion to a new industry benchmark level of 93% and more. Less friction means more user convenience and thus more completed transactions. The consumer receives a PIN via SMS on his mobile phone, which then had to be typed in manually in a subsequent payment window. Although this simple process required no user registration and produced stunning conversion rates, mopay has continuously worked for more than 10 months to improve the user experience even further.
Allied Payment Network online bill payment services to the financial industry and Malauzai Software mobile banking SmartApps for community financial institutions, announced that Midwest-based 3Rivers Federal Credit Union ($750 million) is the first credit union in the country to launch its Picture Pay mobile bill payment solution. 3Rivers has implemented the stand-alone Picture Pay solution developed by Allied and Malauzai Software and will offer Picture Pay as a separate mobile application in addition to its existing mobile banking app, enabling 3Rivers’ members to easily and securely pay any bill by taking a picture of the bill with their mobile device. Through Picture Pay, once a member takes a picture of a bill with their smartphone, they simply enter the amount and payment date and the bill is paid.
DataCash payment processing, a MasterCard Company, and Quotall, an innovative online insurance systems provider have announced a partnership which will see DataCash’s advanced payments technology integrated into Quotall’s transactional insurance platform optimised for brokers to trade online. The e-commerce market in the UK is predicted to grow by 110% in this decade, reaching £123bn by 2020 and, in addition, Google is reporting a 40% year-on-year growth in business insurance search volumes.
UK POS is encouraging retailers to send in a snap of their summer display to be in with the chance of winning £250 worth of vouchers. The competition is open to all independent retailers across the UK and Ireland who think their efforts could capture the attention of the nation. Independent Retailer Month is a global campaign, encouraging the public to take advantage of local stores, and highlighting the important roll independent retailers play in their communities. They also contribute to the local economy and the retail sector as a whole. Independent retailers can enter the competition using Twitter by sending the photo directly to the UK POS account (@ukposgroup). Only one entry will be counted per retailer, but multiple photos of the same window display can be sent – the more the merrier. Winners will be selected by Jason Leslie, managing director of UK POS and Debra Jamieson.