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.
Along with street vending, food trucks are one of the fastest-growing segments in the hospitality industry. According to the National League of Cities, food truck revenue is expected to increase 76% over the next five years.
NC-based Paragon Application Systems, an independent, global ePayment testing solution provider, concludes that card payment channels are being left behind by other banking channels as they struggle to deliver business change using 20th Century application life cycles.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CT-based Gramercy Funds Management has made a siazble investment in Credivalores-Crediservicios, its affiliates and subsidiaries. Grupo Credivalores) is anindependent consumer finance company in Colombia and one of the country’s fastest growing non-banking financial institutions. Grupo Credivalores is comprised of four complementary companies including: Credivalores (non-regulated consumer finance company), Credifinanciera (regulated consumer…
MasterCard Europe has started a unique pan-European index to map all publicly available mobile shopping apps in Europe named the Mobile Top App Index by MasterCard. The Index is set to discover the best mobile shopping apps across the diverse markets of Europe and reveal how consumers are embracing mobile technology when shopping on the go.
Glen W. Herrick is the Executive Vice President and Chief Financial Officer of Meta Financial Group and MetaBank. Meta Financial Group is the holding company for MetaBank.
The creators of the Wocket smart payment wallet are now workingon an additional software feature called WocketPass. NXT-ID’s WocketPass keeps all of passwords in your pocket and locked within your Wocket, rather than managed by a third-party on a shared cloud.
Misys has launched Misys FusionBanking Corporate FrontOffice integrated with enterprise pricing and credit lifecycle management. The latest packaged solution in the FusionBanking portfolio for corporate banking delivers a single view across the corporate client business.
ACI is now ranked 20th on the list of financial technology companies that were judged according to their global revenues. The ranking was made by the IDC Financial Insights 2014 FinTech Rankings. ACI moved up four places in the rankings.
Fundtech enhanced its flagship Global PAYplus payment services hub, complete with new business capabilities, and improved usability and performance. Global PAYplus’ new user interface can be customized to be task-specific, helping users to prioritize and focus only on those things that require their attention, enabling work load to be optimized and streamlined,