In Other News: FISERV (Notifi); CHECKALT (Klik); SAFETYPAY (growth); and CARDX (Paychex).
FISERV – Fiserv has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable. Notifi from Fiserv consolidates information from across a financial institution’s systems into a central hub from which alerts are distributed. Customers can choose the types of alerts they receive, how and when they are received, and can take action directly from the alerts.
Notifi can provide alerts on every aspect of a customer’s financial institution relationship, from a low balance on a deposit account to a pending loan payment to a suspicious credit card transaction. Customers can choose to receive alerts via email, text, a secure online inbox, or push notifications delivered through their mobile banking app.
CHECKALT – CheckAlt acquired Klik Technologies, a provider of receivables solutions nationwide, to expand its national footprint and product offerings, within the real estate management industry. Both CheckAlt and Klik share many years of experience providing best of breed solutions to homeowner associations (HOAs) and property management companies. The acquisition will further strengthen CheckAlt’s position as a leading provider of treasury management solutions to financial institutions.
SAFETYPAY – SafetyPay has been growing on the strength of its offering cash payments for online purchases, with the aim of serving a large portion of the population. Last year, cash transactions via convenience stores and banking intermediaries accounted for 45% of all company transactions. Furthermore, in the first quarter of 2016, growth came to 86% of the year before.
CARDX – CardX, a technology provider of card acceptance solutions, announced a strategic partnership with Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses. This partnership will allow Paychex to offer its client base a fully compliant solution with a 0% effective rate for credit card acceptance. New rules, per settlements with the card brands, allow businesses to pass on the cost of processing credit card payments. However, the rules are complex, and many products offering 0% merchant costs fall short of compliance—leaving businesses open to potential fines and penalties.