Western Union 2Q/14 revenues up 1% compared to the prior year period. Consumer-to-Consumer (C2C) revenues increased 2%, or 3% constant currency, while transactions increased 6%. Transaction growth benefited from the previously implemented pricing actions in key corridors and a strong increase in westernunion.com online money transfer. Westernunion.com C2C transactions increased 46% in the quarter, and…
Billtrust has hired Tom Iler as Chief Information Officer and Paul Wakolbinger as Senior Vice President of Sales.Iler, most recently at New York digital technology company Vibrant Media where he was Chief Technology Officer, has over 15 years of C-level technology experience. He has served in CTO and CIO positions at companies of all sizes from successful startups to large public corporations. In addition to Vibrant Media, Iler has held executive posts at Ascend One, AOL and Advertising.com. Wakolbinger, with more than 20 years’ experience as a software sales and sales management executive, comes to Billtrust from SunGard Corporate Liquidity, a division of SunGard Financial Systems, where he was Senior VP of Sales, Receivable Solutions. Wakolbinger’s specialty is building sales teams that consistently exceed sales quotas; he has extensive experience in selling application software as well as SaaS and managed-service offerings.
Spindle mobile commerce solutions announced its Developer Integration Tools to its customer base and resellers. The expanded API toolset, which leverages Spindle’s “instant acceptance” merchant boarding process, is accessible through Spindle’s website at:developers.spindle.com. The site will also include tools from Spindle partners such as Slim CD, a payment processing gateway provider based in Coral Springs, Florida. The launch of this platform advances Spindle’s mobile commerce portfolio into fast-growing market segments where developers are looking to combine payment capabilities with the simplicity of instant boarding for their customers and users.This adds transaction processing capabilities to online, mobile and brick-and-mortar merchant software solutions.
RewardsNOW is launching its loyalty programs for three new clients during the first quarter of this year. In partnership with CO-OP Financial Services, RewardsNOW worked with Michigan Community Credit Union, based in Jackson, Michigan, to convert their existing credit and debit card loyalty program to the RewardsNOW platform. In addition to earning points (by using their credit or debit card) from the credit union everywhere they shop, Michigan Community CU’s members earn bonus points from merchants when they shop locally using their Michigan Community CU debit or credit card at retailers included in Shop Main Street, RewardsNOW’s local discount shopping program; or online through ShoppingFLING, RewardsNOW’s online shopping mall. Sterling United Federal Credit Union, based in Evansville, Indiana also launched their Premier Points loyalty program to encourage greater debit card use and reward their most loyal members. The Premier Points program offers Sterling’s members seamless access to use their earned points for a full range of redemption choices. Meanwhile, Tri-State Dental Supply, Inc. based in Monroe, New Jersey, launched their new program, Tri-State Dental Dollars. The Tri-State Dental Dollars program is a loyalty program designed to drive higher levels of purchasing and to reward its best customers utilizing Tri-State’s services. Customers of Tri-State Dental Supply earn 1 point for every dollar they spend on purchases made with Tri-State Dental.
John Gerspach, Citigroup CEO, is set to present at the Barclays Global Financial Services Conference on Monday, September 8, 2014. The presentation is expected to begin at approximately 9:00 AM (Eastern). A live webcast and presentation materials will be available at www.citigroup.com/citi/investor. Citi has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.