Payment Alliance International (PAI) and BB&T Corporation (BBT), one of the largest financial services holding companies in the U.S., have jointly announced an agreement to brand over 130 Rite Aid Corporation ATMs in the Atlanta area. While PAI will own and operate all of the ATM placements, BB&T customers will enjoy the familiar appearance of the BB&T brand on the ATM, as well as surcharge free access for their transactions. As one of the largest ATM networks in the United States, PAI provides ATM services for over 60,000 retail locations nationwide and was recently selected to provide ATM services for approximately 1,500 Rite Aid locations in the western, central, and southern United States.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union reported 2Q/13 revenues declined 3% compared to the prior year, or 2% on a constant currency basis, primarily due to pricing investments in the Consumer-to-Consumer (C2C) segment. C2C revenues declined 4%, or 3% constant currency, including a negative 1% impact from the Vigo and Orlandi Valuta brands. C2C pricing…
Jeff Bakke, chief strategy officer at Evolution1, will speak to the topic “Reinventing the Defined Contribution Model for Today’s Healthcare Landscape” at the Defined Contribution Healthcare & Private Exchanges Summit in Carlsbad, California. The inaugural event, put on by Healthcare Education Associates, is designed to help attendees build their business though defined contribution solutions and private exchanges. 1Plan by Evolution1, a complete defined contribution solution from Evolution1 that runs on the 1Cloud by Evolution1® platform, is the solution of choice for defined contribution Partners. 1Plan delivers the next generation of consumer directed healthcare (CDH) in a complete multi-account defined contribution solution. 1Plan supercharges both private and public insurance exchanges with a solution for employers and employees to budget for and select benefits, shop for insurance, and manage premiums and out-of-pocket expenses in a comprehensive, easy-to-use experience.
Capital One Financial Corporation and Helzberg Diamonds announced a multi-year extension of the private label credit card program agreement. The partnership enables consumers to have expanded buying power through access to special purchase offers, as well as exclusive benefits and financing options. Capital One’s continued partnership with Helzberg Diamonds reinforces the company’s commitment to building its credit card partnership business.
mopay, a global leader in innovative payment solutions for online merchants, announced today that it has been reconfirmed as preferred payment partner for Gameforge, one of the leading providers of high-quality online games. mopay has received top scores in Gameforge’s evaluation of mobile payment providers and will thus continue to process a significant proportion of Gameforge’s global mobile payment transactions. mopay provides direct carrier, landline and broadband billing options for online merchants in more than 80 countries through its industry-leading payments platform. Implemented in Gameforge’s offers, mopay enables players to easily, quickly and securely make in-game purchases, allowing them to buy virtual goods in its AAA game portfolio.
Q2 secure virtual banking partnered Geezeo online Personal Finance Management (PFM) for financial institutions. The partnership allows Q2 to integrate Geezeo’s engagement banking platform to not only provide PFM, but also to enable financial institutions to deliver highly relevant content from within the online banking environment. Q2’s PFM services help financial institutions gain a competitive advantage in the marketplace by empowering customers and members to best manage their finances. Additionally, the data analysis and marketing capabilities provide comprehensive insight into customers’ purchasing patterns, allowing banks to offer better service, which in turn promotes customer loyalty.
USA Technologies recently celebrated its 5,000th customer milestone with New York vending operator and Pepsi bottler, Fitzgerald Brothers Beverages, Inc. (“Fitzgerald Brothers”). Crossing the 5,000 customer mark translates to a compound annual growth rate of 69 percent for USAT, from approximately 1,000 customers three years ago. Fitzgerald Brothers recently became a USAT customer in response to increasing demand for debit/credit card acceptance by its consumers and encouraging data regarding the sales uplift a cashless payment platform can deliver to traditionally cash-only businesses and subsequently will receive a free personalized loyalty and prepaid program.
MoneyGram and Payzone Romania payment services operators signed an agreement to offer money transfer services throughout the country. Payzone Romania offers a wide range of payment services and electronic recharge services, operating the largest electronic payments network with cash from Romania from its more than 11,000 terminals all over the country. The agreement between Payzone Romania and MoneyGram provides a cost efficient solution for consumers who do not have or use a bank account or credit card to transfer funds.
MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have. With a single click of the MasterPass button on a retailer site, the consumer can access their wallet of choice and authenticate with a password to checkout. In addition to MasterCard cards, consumers can use other branded credit, debit, prepaid and private label cards. MasterCard Advisor’s SpendingPulse data shows total UK year-on-year eCommerce sales grew by more than 12% in May 2013, compared to just 3% growth in overall UK retail sales for the same month last year.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa announced its 3Q/13 net income of $1.2 billion, an increase of 16% from the year ago figure. Net operating revenue in the fiscal third quarter of 2013 was $3.0 billion, an increase of 17% over the prior year, driven by strong growth in service revenues, data processing revenues and international…
BillGuard finance protection company, unveiled its free app for iPhone, offering the only tool for combatting the $14 billion dollars lost by American cardholders to unwanted “grey charges.” The BillGuard iPhone App is the culmination of the company’s pioneering work, crowdsourcing and analyzing millions of consumer-disputed transactions. The new app offers consumers a smart, fast way to track their credit and debit card spending and facilitates hassle-free refunds and subscription cancellations directly with merchants. With the help of a self-learning “Smart Inbox,” users can swipe through prioritized charges in an email-like interface. Working together, users identify charges that are questionable and provide community-edited merchant information that can help others quickly recognize even cryptic charges. When a charge is repeatedly disputed by others it is prioritized for all cardholders with a similar charge for their quick review.
Fiserv made available its Prologue Investment Portfolio Accounting application as a hosted (ASP) solution via the Intelligent WorkplaceSM web portal. Launched in the first quarter of this year, Intelligent Workplace provides centralized and cost-effective access to multiple Fiserv solutions that help manage performance, grow profits and protect assets. Using Prologue Investment Portfolio Accounting via Intelligent Workplace from Fiserv, portfolio managers within banks and credit unions can utilize an unlimited number of security types for complete flexibility and customization as their portfolios change and grow. Fixed, variable, adjustable and step-up instruments are all handled with ease, and the system simplifies tracking of the unique characteristics associated with debt instruments, equities, CDs and liabilities. The portal makes it easier for end users to manage and switch between these multiple applications, while seamlessly integrating an organization’s risk, budgeting and reporting data and processes.