Rakuten.com Shopping recently implemented MasterPass digital wallet service. Allowing users to use any payment card or enabled device to discover enhanced shopping experiences, the new service provides Rakuten.com shoppers a convenient and flexible way to pay via the website or on a mobile device. Shoppers can begin to use MasterPass immediately and will see further promotions on the service throughout the year as MasterPass will be increasingly marketed as an alternative and easy-to-use payment solution.
TransCard and FamZoo partnered to develop Unlimited Family Banking. The prepaid card offering is designed for families, with one predictable flat monthly fee for multiple prepaid cards used collaboratively by individual family members to share funds and develop financial responsibility. The cards are linked together and accessed online through FamZoo’s award-winning family finance software designed specifically to help parents teach kids good money habits. A product of TransCard’s innovative new Premier Select Suite of general reloadable prepaid accounts, Unlimited Family Banking allows financial institutions to offer a fresh new way to address the unique needs of parents who are raising teens and younger children. It focuses on teaching how to Earn Diligently; Spend Wisely; Save Patiently; and Give Thoughtfully.
Green Dot banking and payment solutions partnered UniRush to launch the RushCard Live Reloadable Prepaid Visa Card. The prepaid card that will begin rolling out to thousands of Green Dot partner retailers nationwide is a cost-effective alternative to a traditional bank account. Available only at retail, it offers early payroll direct deposit, which enables customers to receive their direct-deposited paycheck up to two days before payday; pass-through FDIC insurance coverage up to the applicable limits; and a choice of usage plans. Customers also have access to fee-free transactions at more than 22,000 ATMs via the nationwide MoneyPass ATM network, worldwide merchant acceptance of Visa debit, online bill pay, and a mobile app which includes real-time views of account balances and transaction histories.
Allied Payment Network online bill payment services to the financial industry announced its online and mobile bill payment solutions now seamlessly integrate with Computer Service Professionals (CSPI) Aurora Online Banking platform. Providing financial institutions a full-featured eBanking experience, Allied’s bill payment technology will offer CSPI customers a comprehensive bill pay solution within a single platform, eliminating the need for separate systems. Now, financial institutions’ customers have access to a full-featured online banking platform with tightly integrated bill payment capabilities, achieving a richer customer experience. Allied’s payment routing technology also helps institutions control costs and deliver expedited payment services for a small convenience fee, eliminating costly late fees for customers and generating additional fee revenue for the institution.
MoneyGram money transfer and The Neal & Massy Group opened their first stand-alone money transfer center. The new money transfer center will employ a dedicated staff to offer MoneyGram’s money transfer services and Neal & Massy’s Sure Pay bill payment service. Both product offerings will provide consumers with an additional, convenient location to send and receive cash locally and internationally. Neil & Massy will be offering the development of cross-promotions with the company’s grocery stores, offering incentives to customers to visit the money transfer center.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nonfarm payroll employment was up in March as the unemployment scratched out marginal improvement, down .1% from the previous month to 7.6%. The number of unemployed persons was 11.7 million while the number of long-term unemployed for 27 weeks or more was little changed at 4.6 million, accounting for 39.6% of…
Bank of America launched its ATM with Teller Assist next-generation banking offering. Combining the technology and convenience of an ATM with the human touch of a teller, this new technology gives customers access to a range of services during extended hours to address their daily banking needs. It also provides convenience, control and flexibility over how, when and where they bank. Using the new ATMs, customers can speak with a Bank of America teller via real-time video and receive the same quality of personal assistance they would if they walked up to a banking center counter. The “ATM with Teller Assist Cash” lets users cash checks for the exact amount, including receiving change; receive cash withdrawals in a variety of denominations ($1, $5, $20 and $100), deposit checks with cash back (future functionality), split a deposit into two or more accounts (future functionality).
Wells Fargo Commercial Banking, a part of Wells Fargo & Company, hired Keith Plummer VP & relationship manager to focus on building and serving middle market commercial customers in Chicago. Plummer brings more than 11 years of commercial banking in Chicago to Wells Fargo. He had worked at JPMorgan Chase since 2004 in several commercial banking roles, and most recently served as a credit and risk officer for this market. He also served as a relationship manager from 2004-2010. Before that, Plummer worked for LaSalle Bank in Chicago and for American National Bank. Plummer earned his bachelor’s degree in business administration (finance) from Western Michigan University and his MBA from Wyzsza Szkola Biznesu-National Louis University in Nowy Sacz, Poland.
USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced that the U.S. Patent Office has granted its 85th patent. Further extending USAT’s portfolio of intellectual property in the area of cashless payment and remote diagnostics, U.S. Patent #8,373,558 describes devices and methods for generating an alert for a vending machine. It adds to a collection of USAT patents related to cashless payment, remote audit and interactive transaction capabilities in a vending machine accumulated by USAT as a market leader for cashless payment and telemetry serving the small-ticket, unattended market.
Interactive Financial eXchange ForumThe Interactive Financial eXchange Forum and EPASOrg inked an MOU on the coordination on the development and delivery of ISO 20022 messages for the management of ATMs. The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange. Headquartered in Brussels, EPASOrg is an international non-profit organization with a mission to promote the widespread acceptance of EPAS standards, a series of protocols to ensure interoperability between card acceptance and acquiring solutions, integrated retail and terminal management systems. ISO 20022 is an international standard for financial services messaging. The IFX Forum actively engages in international standards activity, including longtime liaison with ISO TC68, a Memorandum of Understanding with ASC X9, and it is completing an effort to submit Extended Remittance content to ISO 20022.
MoneyGram is again hosting its annual Ultimate Cricket Fan contest, where one winner will receive an all-expense-paid trip to the 2013 ICC Champions Trophy cricket tournament held in the United Kingdom. As part of its sponsorship of the International Cricket Council (ICC), MoneyGram, a leading global money transfer company, is encouraging fans to submit a photo and a brief explanation on why they are the Ultimate Cricket Fan and should be selected to serve as MoneyGram’s blogger at the Champions Trophy semifinals and final. With this, Cricket fanatics have until April 17 to upload a photo in their favorite cricket gear on MoneyGram’s cricket Facebook page, along with a 150-word explanation defining how they are the Ultimate Cricket Fan. Ten finalists will be chosen to create a short video depicting their love and passion for the sport to upload on the company’s cricket Facebook page.
Payoneer global payments partnered Nubelo to provide multi-currency global payout solutions throughout Europe and Latin America. Nubelo is a fast-growing freelance service platform which allows companies to manage, from a distance, teams of freelancers. Nubelo will take advantage of Payoneer’s multi-currency payout options and provide their freelancers with access to payments in dozens of currencies. With freelancers throughout an array of Spanish-language countries and project management around the globe, Nubelo needed to have a solution that could easily coordinate complex global payments.