fisoc, provider of the Buzz Points loyalty program, joined PULSE to offer Buzz Points to the network’s participants. Letting financial institutions connect with consumers and merchants through rewards and social-media engagement. Buzz Points was aligned with Discover Debit, managed by PULSE, to offer rewards that encourage consumers to shop locally and support merchants in their communities. Participating cardholders earned reward points that could be redeemed for gift cards or donated to charitable causes. Buzz Points is now being made available to PULSE financial institutions in select markets.
Cadence Bank’s Cadence Bank Debit Card, powered by Discover Debit, offers an enhanced cardholder experience with 24/7 concierge service, lowest purchase price guarantee and fraud protection, as well as a program in which local merchants can participate. For the bank, the new debit rewards program is designed to reduce costs, generate revenue and build customer loyalty. Cadence now offers Buzz Points™, promising a win-win-win solution for its customers, local merchants and the bank itself. More than a loyalty and rewards program, Buzz Points encourages a shop-local movement by uniting consumers, locally owned businesses and financial institutions to support local economies. When Local businesses join the program as Buzz Points Merchants, they have the opportunity to offer bonus points, eLoyalty cards and gift card rewards to Buzz Points users. Through a variety of turn-key, highly targeted marketing activities, including email campaigns, social media integration, and increased web and mobile presence, Buzz Points connects these merchants to the users. Buzz Points consumers increase their local spending with participating Buzz Merchants by 35 percent, and have three times more confidence in local merchants than Big Box competitors, both according to a study commissioned by Buzz Points.
Barclaycard has introduced a new component to its website that will host accessible and informative videos illustrating how different individuals use specific online mybarclaycard services to make their lives easier. Barclaycard TV will be an additional channel on the brand’s website hosting a variety of straightforward videos demonstrating the benefits of mybarclaycard, an online servicing platform that allows customers to digitally manage their accounts. The inaugural three videos on Barclaycard TV show real life examples of how different people can use mybarclaycard to their advantage according to their specific needs and lifestyles. In one video, a family heading out on holiday discuss how they used the service to manage their spending wisely. They set a balance limit to alert them when they’ve hit a certain amount, and explain how easy and quick it is to recover a forgotten PIN. In another video, a couple moving in together are faced with a long list of items needed to furnish their new home. The third video peeks into the life of a busy cab driver, exploring how he feels greater control and security by being able to access his accounts and pay his bills on the move.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The ever-predictable American consumer is back at it. After having cut the overall consumer credit card debt by over $200 million during the past four years from the brink of the $1 trillion mark, Americans are pulling out the plastic once again. Why you ask? Because the economy is showing the…
MV-enabled Visa debit cards functioned successfully in at least six countries for members and staff of Bank-Fund Staff FCU, with online transaction processing performed by CO-OP Financial Services. CO-OP has passed EMV certification with Visa, based on its work with Bank-Fund Staff FCU as the test credit union. Bank-Fund Staff FCU tested CO-OP’s Phase I processing solution of online EMV transactions from a contact EMV card. Bank-Fund Staff FCU issued 11 EMV-enabled Visa debit cards to members and staff during the pilot EMV period, which extended from late December to early April. This is the first step in the credit union’s overall EMV strategy.
Fidelity National Information Services completed an amendment to its existing credit agreement. The transaction resulted in the increase of FIS’ revolving loan capacity by $850 million to $2.0 billion and the amendment of certain terms and conditions, including the removal of provisions regarding the granting of collateral by FIS and its subsidiaries. The unsecured credit agreement totals $4.0 billion in the aggregate, including $2.0 billion of term loans and $2.0 billion of revolving loan capacity. The maturity of all obligations under the amended credit agreement remains unchanged at March 30, 2017.
ACI Worldwide made available its “ACI Architect Mobile Banking” for the migration of online banking from the desktop to the mobile device. Offering features to iPhone and Android smartphones previously limited to the desktop including personal financial management tools, integrated bill payment and account-to-account transfers, “ACI Architect Mobile Banking” lets FIs deliver secure mobile browser capabilities, downloadable apps and text banking to their customers. With this, financial institutions can manage and control the desktop, mobile and tablet experience using a common set of administration and configuration tools to efficiently leverage the institution’s resources for digital channel management. It also lets FIs increase brand differentiation and offer a personalized user experience with user-specific messaging.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs saw nearly no change in April, dropping only .01% to 14.95%, where it has been stuck for over half a year. This change- subtle as it may be- comes as a welcome change on the heels of a peculiar post-holiday stagnation in January, February and most of…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Inspirato with American Express launched ‘Inspirato for Business’ for corporate meetings, incentives and reward travel for businesses looking to drive enthusiasm, increase productivity and renew company spirit. The new solution provides its corporate clients access to more than 130 private Inspirato vacation residences, valued at nearly half a billion dollars –…
Microsoft invited enterprise payments startup Sipree to join BizSpark One, a program that identifies a small number of high-potential startups in the Microsoft BizSpark program comprised of more than 50,000 companies from over 100 countries around the world. Sipree was founded as an outgrowth of PayPal’s efforts to leverage its global network for the demands of Global 2000 enterprises and governments. Sipree helps companies connect to alternative payment networks by providing a bank-agnostic platform and flexible software that enables novel solutions. Microsoft is working to support current and future products on Windows Azure, its open and flexible cloud platform. Sipree leverages Microsoft’s cloud platform, development tools, and enterprise products such as Dynamics AX, Active Directory, SQL Server 2012 and their datacenter services.
HID Global secure identity solutions launched its “FARGO HDPii” Plus Financial Card Printer/Encoder desktop solution for retransfer printing of financial cards. Featuring the company’s fifth generation of High Definition Printing™ (HDP®) technology, the new HDPii Plus enables the secure, instant issuance of both ISO magnetic swipe and contact/contactless EMV® cards at thousands of branch offices and other distributed locations, saving both time and money for the financial issuer while providing the card holder with a secure card that can be used immediately. HID Global will be demonstrating its new instant financial issuance solution at CARTES America April 23-25.
Prime Factors announces an advanced EMV webinar series that explains the differences between magnetic stripe and EMV issuing and processing and why EMV is much more complex. EMV expert Dave Tushie will explain the differences, and what it means for issuers and acquirers in a series underway May 2nd for those who need more than just a passing knowledge of EMV. A basic understanding of EMV is recommended to gain maximum value from the series. Tushie co-founded UbiQ to pioneer EMV card issuing software. He is one of the industry’s most knowledgeable EMV experts. Dave draws from his years of payment card industry experience, research and product development to help webinar attendees understand the EMV payments environment; How all the individual elements work together; and EMV key management.