MoneyGram renewed its official check processing agreement with Mountain America Credit Union. This agreement includes the signing of a multi-year contract extension to offer processing and program management for Mountain America’s official bank checks. It also leverages MoneyGram’s PrimeLink® Official Check outsourcing solution, which includes daily balancing and reconciliation, inventory management, real-time updates and a state-of-the art online platform. MoneyGram has worked with Mountain America since 1997 in support of Mountain America’s official check program and through its efforts has helped the company prevent fraud losses through timely detection of fraudulent transactions.
Paydiant cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane™ online shopping service in Matthews, N.C. beginning this month. The pilot store is located in Matthews Festival Shopping Center at 1811 Matthews Township Pkwy. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.
With banking industry umbrella body the Payments Council predicting that the number of cash payments made by consumers in the UK will fall by a third by 2022, and that their use of cards to make even small transactions will rise by more than 75 per cent* over the same period, Payment Sense believes that retailers who don’t take such payments are risking missing out on a huge chunk of this rapidly-growing source of income. According to PaymentSense, e-commerce enabler and provider of card processing technology, concludes there’s no reason for businesses of any size to find themselves penalised by not being able to take card payments, either using the widely-known chip-and-PIN machines, or other methods of online payment authentication technology, especially as the technology involved can be quickly installed in any business’s premises, and is purposely designed to make it easier to reduce payment errors and ensure proper reconciliation at the end of every trading period.
CoinTap is the creation of Bitcoin Ventures, Inc., a local virtual currency software development company that offers smart solutions for Bitcoin e-commerce. The product is a gift card which streamlines an otherwise tricky and time-consuming process of trading your money on a market for Bitcoins. A $50 gift card is redeemable for 50 dollars in credit, which can then be used to purchase Bitcoins at a competitive rate through the company’s website. While the Government of Canada views Bitcoins as a tradable commodity, but not a currency, Germany recently ruled that the Bitcoin is “private money” and therefore taxable, just like regular money.
ZTE Corporation, a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has selected Micropross testers for the internal pre-certification of their NFC enabled smart devices. This choice was driven by several factors. One of them, is the fact that Micropross test solutions are deployed at numerous validation laboratories in the world, which means that ZTE will be able to debug their prototypes in their own laboratories, and be very confident they will be successful when they will take the official validation session at an EMVCo laborarory. Then, Micropross EMVCo L1 analog test bench is the only one validated by EMVCo, which adds another level of confidence to the solution. And finally, only Micropross is able to propose a complete EMVCo test solution in a compact, all-in-one box such as the Contactless Test Station.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 7.5% in June from last year to an adjusted $857B, total nonfarm payroll employment increased by 162,000 in July as the unemployment rate edged down to 7.4%. The second highest outstanding total of the year, June revolving credit outstanding is…
Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced New Castle Bank launch Allied’s Picture Pay mobile bill pay solution, enabling its customers to pay any bill by taking a picture of the bill with their mobile device. In an effort to simplify the bill pay process, Ameriana Bank integrated Picture Pay into its existing mobile banking app, increasing the level of convenience for accountholders with a solution that is also more cost-effective for the bank. Once a customer takes a picture of the bill with their smartphone, they simply enter the amount and payment date, and the bill is paid. Picture Pay’s technology reads the data from the customer’s bill, and then its built-in analytics confirm the biller and execute the payment process. Picture Pay was developed in conjunction with Malauzai Software Inc., a provider of mobile banking SmartApps for community financial institutions.
Bluepoint Solutions partnered Financial Services (FSI) to offer DocX print and electronic statement fulfillment to credit unions nationwide. The partnership will allow credit unions to increase adoption of cost efficient e-statements through targeted promotions and customized, multi-channel member delivery. DocX creates and distributes personalized financial statements by combining a member’s account information with variable advertising and promotional content that is tailored to each member’s spending habits and preferences. Statements are designed specifically to each credit union’s branding and are delivered directly to the member through any combination of print mail, email and mobile channels. DocX streamlines statements from various types of accounts including credit card, checking and savings accounts, and auto and home loans into a single, cost-effective statement for mail or electronic delivery.
For the seventh year in a row, consumers have rated American Express highest in customer satisfaction among U.S. credit card companies, according to the annual nationwide study by J.D. Power. The study places American Express highest in overall satisfaction among 11 of the largest card issuers in the U.S. American Express remains the only credit card to receive the study’s top ranking since it was first conducted in 2007. The J.D. Power 2013 Credit Card Satisfaction StudySM looks at six broad categories to determine overall satisfaction: Customer Interaction, Billing and Payment Process, Credit Card Terms, Rewards Programs, Benefits and Services, and Problem Resolution. Over the past year, American Express has worked to improve the overall customer experience by introducing a host of new digital enhancements and updated product offerings, better connecting Card Members with American Express, merchants and each other. American Express ranked highest in Benefits and Services, Rewards Programs, and the Billing and Payments categories.
Paydiant cloud-based mobile wallet, cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane online shopping service in Matthews, N.C. beginning this month. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.
Fiserv announced that Community First Credit Union renewed and expanded its relationship with Fiserv. The $1.7 billion credit union is a longtime user of DataSafe® account processing platform from Fiserv and has added Fiserv solutions for digital channels including Virtuoso™ for online banking, CheckFree® RXP® for bill delivery and payments and Mobiliti™ for mobile banking. DataSafe offers credit unions scalable, integrated account processing technology with flexible deployment options. The database within the platform offers a full view of member information across the enterprise. Community First uses Virtuoso from Fiserv to provide a highly personalized home banking experience that is cost effective and easy for the credit union to manage and customize. Meanwhile, through the capabilities of CheckFree RXP and Mobiliti from Fiserv, members will have mobile banking capabilities such as account balance access, an ATM locator and alerts, as well as the addition of payment capabilities. The Mobiliti mobile banking service integrates with the credit union’s CheckFree RXP bill payment service, making it possible for customers to securely pay bills through their mobile device.
Evolution1 and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been named to the annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. Fuhu tops this year’s list. Evolution1 joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.