Bank of America has introduced a new payment solution that enables companies to make payments to their customers digitally, eliminating the need to issue a check. With the new Digital Disbursements payments are directly routed to the bank account of the individual payee’s choosing using either a mobile phone number or email address as the identifier.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Ray Costner, Chief Technology Officer of Corserv. Atlanta-based Corserv Solutions provides credit card servicing and consulting to the financial services community.
NY-based gtechna USA has teamed with Galveston, Texas Police Department for parking enforcement system that is based on the scan of license plates for parking fees. The Company is highly regarded innovator in parking solutions for the entire lifecycle of parking management.
Global Payments has unveiled two new kiosk offerings for casinos. The new LSX 3000 is the first electronic check cashing self service kiosk and the LSK 1500 is a full service casino kiosk.
With the departure of Dan Schulman, Group President of Enterprise Growth, to become CEO of PayPal, American Express names Neal Sample to become Enterprise Growth’s Chief Information Officer and Chief Marketing Technologist.
Hamburg-based Hanseatic Bank, a private bank, has picked CA Transaction Manager and CA Risk Analytics for card fraud prevention. Both are components of CA’s SaaS-based payment authentication solution.
A new white paper explores how financial institutions can leverage the mobile channel as a sales platform. However, a mobile sales strategy demands the right tools, technologies and insights.
Ulster Bank has joined the IBOS international banking network as a full member, which enables us offer banking services in Ireland to clients of other IBOS member banks, and also allows us offer the services of these banks to our Irish client base who continue to expand globally.
UK-based Misys has teamed with FircoSoft, a bank watch list filtering solutions provider. More than 200 banks rely on Misys FusionBanking Trade Innovation to manage their trade finance operations.
TransCentra billing and payment software enhanced its remote deposit capture (RDC) offering with additional security features and created a single platform solution for clients using both RDC and remote lockbox services. This includes enhanced anti-money laundering (AML) features, check-type identification, and more comprehensively distinguishes among money orders, cashier’s checks, personal checks and business checks.
CardWeb.com’s CardData financial database projects Capital One’s (COF) after-tax profits will likely remain flat in the third quarter. COF reported a 5% year-on-year (Y/Y) decline in second quarter (Q2/14) after-tax U.S. bank credit card profits to $607 million. The decline was primarily driven by a 14% Y/Y decline in net interest income.
The average out-of-network ATM fee has climbed to an eight year high, jumping 23% over the past five years. The average cost of going outside the network is now $4.35 per transaction.