Comdata Enhances FleetAdvance

Comdata has released a new advisor tool within its FleetAdvance solution. FleetAdvance Advisor enables customers to proactively plan fuel stops with the best pricing opportunities along a route to help fleets make smarter fueling decisions. Comdata FleetAdvance provides customers with real-time transaction data to help guide informed purchasing patterns, better manage fuel costs and improve driver behavior.

HomeSend Mobile Money Account

MasterCard, eServGlobal and BICS today announced the formation of HomeSend, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology and developed as part of a strategic partnership between eServGlobal and BICS. The HomeSend platform was first to market in offering international mobile remittances.

LIBOR Increasing?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The U.S. prime rate will continue to hover at 3.25% but the LIBOR is slowly heading higher, a little screwy given the overall economic situation. RAM Research predicts the LIBOR will head up to 0.35%, a ten basis points jump from the third quarter, and the lowest since the second quarter…

Discover Financial Services Joins FIDO Alliance

Discover and the FIDO (Fast IDentity Online) Alliance announced that Discover has joined the Alliance and been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use. Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).

Kuboo.com Partners with Oink Payments

KUBOO Inc announced that it has partnered with Virtual Piggy, Inc. (http://www.virtualpiggy.com/) , provider of safe youth payments technology, Oink. The parties have agreed to joint marketing efforts that will reach millions of kids and teens. Oink (http://www.oink.com/) is the only COPPA compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.

Mobiliti from Fiserv “Best in Class” mBanking Provider

Fiserv announced that its Mobiliti mobile banking platform received four “Best in Class” distinctions in a recent CEB TowerGroup global mobile technology analysis. Mobiliti from Fiserv was named “Best in Class” in each of the four categories evaluated: Customer Experience, Interface Development, Integration and Management and Enterprise Support. The CEB TowerGroup technology analysis aims to provide a customer-driven, transparent and unbiased review designed to drive informed business decisions. Its product rankings highlight best-in-class attributes and show a comparative perspective of leading products. This report assessed more than a dozen mobile banking offerings across worldwide markets. When evaluating Mobiliti, the CEB TowerGroup report cited the structured approach to product roadmap development employed by Fiserv to ensure continued delivery of innovative product features.

More Americans Increasing Holiday Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] More Americans say they will increase spending and fewer say they are cutting back on expenses, according to the results of a recent Citi national survey, with only 35% planning to spend than in 2012. Of those surveyed, 63% plan to spend more (11%) or the same (52%) on holiday shopping…

Picking Up New Accounts

New bank credit card account openings are finally picking up after three years of very sluggish growth. Chase opened 1.7 million new credit card accounts in the third quarter, compared to 1.5 million in the second quarter, and 1.6 million one-year ago. Bank of America reported it opened more than one million new credit card accounts in the third quarter, compared to 957,000 in the prior quarter and 857,000 in the prior year quarter. While Citibank does not break out new account openings, its Citi-branded card base grew 3% since last year from 23.1 million accounts to 23.8 million accounts in the third quarter of this year.

Datacard to Acquire Entrust on Transaction Security

Datacard Group signed an agreement to acquire Entrust. The acquisition builds on the strengths of each company to enable its customers and partners to deliver better services in highly connected environments. The acquisition is expected to close on December 31, 2013, subject to regulatory approval and customary closing conditions. The combined entity will employ nearly 2,000 professionals, leveraging hundreds of channel partners to serve tens of thousands of customers. Together the company will enable its customers to issue over 10 million physical identities daily, handle over 200 billion transactions a year, and manage billions of identities, including the majority of payment cards and identification solutions in more than 100 countries.

NFC Forum Announces New Vice Chairmen

The NFC Forum announced two newly elected Vice Chairmen of its Board of Directors, Trevor Pavey of Broadcom Corporation and Alexander Rensink of NXP Semiconductors. A senior product line manager at Broadcom, Trevor Pavey is a seasoned high tech marketing executive with eight years of RFID and wireless expertise coupled with 17 years of experience in semiconductor technology, marketing, business development, applications, and design. During his tenure at Broadcom, Pavey has been responsible for ecosystem management, including Broadcom’s relationships with the major payment associations and mobile carriers. Earlier in his career, he was instrumental in launching the NFC business at Texas Instruments. Alexander Rensink is strategic marketing director in the Identification business unit at NXP, which he joined in 2007. At NXP, Rensink focuses on the significant potential for identification technology in the mobile market with the goal of expanding the deployment of NFC-based solutions into mobile phones and tablets. In this role, he has had considerable experience in working with both infrastructure suppliers and application developers to deliver end-to-end solutions for vertical markets.

Starbucks Anticipates Busiest Starbucks Card-Buying Day

Starbucks is projecting record purchases and activations of Starbucks Cards on Thursday, December 19. Last year, more than 2 million Starbucks Cards were purchased in the U.S. and Canada on the Thursday before Christmas – representing nearly 1,500 cards purchased per minute in the U.S. and Canada. According to the National Retail Federation, eight in ten shoppers will purchase a gift card this holiday season. Since the Starbucks Card launched 12 years ago, $16 billion has been loaded on 450 million cards in 27 countries worldwide. Of that $16 billion, $4 billion was loaded onto Starbucks Cards worldwide in the past year. Starbucks offers many ways to give the gift of coffee. Starbucks Cards can be purchased in a variety of designs or holiday imagery.