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.
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.
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.
eBay plans to separate the company’s eBay and PayPal businesses into independent publicly traded companies next year. eBay also put Dan Schulman in charge of overseeing the PayPal break-off. PayPal has more than 152 million active registered accounts.
The Merchants Payments Coalition (MPC) a/k/a UnfairCreditCardFees.com, says debit-card swipe fee reforms have saved consumers nearly $18 billion over the past three years and merchants have created more than 100,000 new jobs.
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.
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.