Card Fees 2014

Anyone paying attention knows credit unions and banks have had their card interest income business models under siege since 2008. So it no surprise that renewed attention has been turned instead to fee income models, and ways to boost that increasingly important revenue stream.

Green MC Rewards

With the help of MasterCard and Commerce Bank, FL-based Sustain:Green has created a new biodegradable MasterCard rewards program for cardholders with carbon offsets for their everyday purchases to help fund Mata no Peito rainforest preservation projects in Brazil. 

Vanco Resurrected

Atlanta-based Vanco Payment Solutions relaunched with new branding and a new website that amplifies its position as a top provider of specialized payment solutions for faith-based, nonprofit, and professional services organizations. The company processes over 13.1 billion in electronic payments annually for more than 30,000 clients.

WorldRemit & MTN

WorldRemit and MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is experiencing rapid uptake, especially in Africa.

ACI & LD

ACI Worldwide inked a strategic partnership with LD Systems, an international provider of ATMs, financial equipment and technology services. This partnership will enable LD Systems’ clients to offer quick, easy and safe bill pay options at kiosks across the USA.

CardFlight & IPS

CardFlight has partnered with Integrity Payment Systems to offer CardFlight’s mobile POS solutions to Integrity’s merchants and partners.  As part of the partnership, Integrity will leverage CardFlight’s SwipeSimple product as their preferred mobile POS solution for merchants looking to accept mobile payments from smartphones and tablets.

Mobile Money Africa

Mobile money is shaping up to be one of the most exciting areas in mobile communications and is quickly transforming the way in which consumers and enterprises transact. Mobile network operators (MNOs) are taking advantage of the growing popularity of mobile money to boost average revenue per user and counter the increasing pressure on voice revenues.

Velcro Pay & Apple Pay

Velcro Pay launched a program this week that provides merchants a Free Apple Pay enabled POS machine that is also EMV Chip ready to coincide with the update due later this year. Apple Pay has been a game changer in the payments industry this past year combining technology solutions and small business payment processing.