Centennial Bank Deploys FIS to Enhance Merchant Relations

FIS banking and payments technology announced Centennial Bank will deploy its “Merchant Services” solutions to support continued growth in merchant relationships. By deploying the comprehensive suite of products and services with customized credit, debit, check and gift card processing, Centennial Bank will adopt a true end-to-end merchant services solution for managing merchant portfolios while gaining a competitive advantage in the marketplace. FIS’ Merchant Services helps financial institutions strengthen merchant relationships through merchant processing options while Centennial Bank provides commercial and retail banking plus related financial services.

Circle K Renews Exclusive Agreement with MoneyGram

MoneyGram renewed its exclusive relationship with Circle K, the nation’s second-largest convenience store chain, and expanded its product offerings to include money transfer and bill payment services, in addition to the money order service previously provided to Circle K’s 2,900 company-owned stores. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations – including retailers, international post offices and financial institutions – in 197 countries and territories.

MasterCard Expands ePayment Service

MasterCard Canada launched its MasterPass digital payment services. This offers a seamless, secure and speedy check out regardless of where consumers may be and what screen they may be using – MasterPass securely stores credit card information and shipping information in a secure cloud hosted by trusted entity. It also provides added tools that provide consumers with real-time alerts, account balances, loyalty programs as well as Priceless offers and experiences. Merchants including Porter Airlines, WagJag, Jaunt.ca and Grocery Gateway have enabled MasterPass checkout services on their eCommerce websites. MasterCard plans to expand the number of MasterPass enabled merchants in Canada to 800 merchants by the end of 2013 and 2,800 merchants by the end of 2014. When making purchases through these companies’ eCommerce websites, MasterPass digital services will allow Canadian consumers to securely and seamlessly complete their transaction in a few clicks, eliminating the burden of filling out card and shipping information repeatedly.

JPMorgan Chase Posts 1Q/13 Net Income of $6.5B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JPMorgan Chase reported record net income of $6.5 billion for the first quarter of 2013, compared to the year ago net income figure of $4.9 billion. Revenue for the quarter was $25.8 billion, compared with the 1Q/12 figure of $26.8 billion. The Firm’s return on tangible common equity for the first…

Fiserv Inks Partnership with PayChoice Payroll Platform

Fiserv financial services technology solutions made available the PayChoice payroll solution through its latest partnership agreement. Targeting financial institutions utilizing online business banking solutions from Fiserv, PayChoice provides payroll services to small- and mid-sized businesses. The strategic agreement will offer businesses multiple levels of service in a single technology platform by combining PayChoice online payroll, tax, human resources (HR) and employee benefit administration solutions with the strength of online banking solutions from Fiserv.

ERN adds New Advisory Board Members

ERN has announced the appointment of Roger Alexander, the former President of Elavon Merchant Services Europe and Brian Thom, the former President of Citibank Japan, to its board of advisors. Alexander brings to the role vast experience of the financial services industry, currently holding non-executive directorships at foreign exchange platform Canton FX, payment and loyalty consultancy The Logic Group and secure payment solution provider Pensio. He’s a graduate from Harvard Business School and spent over a decade at Barclays as Managing Director of The Emerging Markets Group as well as a Director at Barclaycard, also Roger was the former CEO of EuroConex and the former CEO of Switch UK. Meanwhile, Thom spent more than seven years at Citibank, where he served as President of Citibank Japan and Country Head of Citibank Korea. He is currently a Director at CSC Pacific and DPSL Limited, Executive Director at Asia CEO Network and a Partner at business solution and support service provider Gravitas Partnership. He is also the former Global Head of Marketing For American Express and the former SVP of Marketing for MasterCard.

AmEx Pulls Out Stops on 2013 Tribeca Film Festival

American Express is bringing a host of music experiences to this year’s Tribeca Film Festival, culminating with a live streamed performance by Vampire Weekend directed by award-winning actor, director and producer Steve Buscemi as part of the “American Express Unstaged” concert series. Multiple music-related activities complete a roster of events that American Express will bring to Tribeca Film Festival fans from the latest in gourmet popcorn to the hottest red carpet moments. Opening the Festival with Mistaken for Strangers, American Express has signed on to open the 2013 Tribeca Film Festival as a sponsor of the Opening Night Gala. American Express continues to give its Cardmembers early access to tickets to the Festival, allowing cardmembers to purchase tickets to all Tribeca Film Festival screenings, as well as exclusive events.

PayAnywhere Expands mPOS Footprint

PayAnywhere mobile mPOS announced five new regional retailers are now offering its solution in their stores. Making the PayAnywhere reader available at these regional retail chains gives contractors and small business owners the opportunity to shop locally for the mobile point of sale solution proven to boost businesses’ cash flow. With the ability to conduct on-the-spot credit and debit card transactions using the PayAnywhere mobile credit card reader, the PayAnywhere app, and a standard smartphone or tablet device, PayAnywhere eliminates the need for contractors to chase down payments from customers once a service has been provided and gives businesses an easy and safe way to accept credit cards from wherever they are. Compatible with iPad, iPhone, iPod touch, Android smartphones and tablets, and BlackBerry devices, PayAnywhere provides merchants transaction fees of just 2.69% per swiped transaction.

DataCash Launches Fraud Management Tool

DataCash global payments services launched its GateKeeper:2.0, allowing online merchants and acquiring banks advanced technologies to offer end-to-end fraud monitoring, detection and prevention. Merchants can detect fraud and risk and crucially identify genuine customers with pin-point accuracy, regardless of the channel or geographic market that the transaction originated from. Merchants reduce costs of fraud with an average chargeback rates of less than 0.1%; increase web sales revenues; ncrease efficiency – through reduction in transactions sent for manual reviews & resourceful handling; and enhance visibility and control as able to process, manage and report on all transactions despite currency, geography and payment type through one solution.

NCR Anounces Movie Time App

NCR launched its Movie Time mobile app, letting cinema operators engage customers on a custom-branded smartphone platform. The app features a user interface making it easier for consumers to navigate, purchase and share movie tickets and is integrated into NCR’s cinema solutions. The “NCR Movie Time” securely stores loyalty and credit card information with password protection and allows users to redeem orders at any point-of-sale, kiosk or usher stand. It is designed to be easily customized for individual cinema brands, making it seamless for theater operators to maximize valuable marketing opportunities with consumers and to build loyalty through an exceptional user experience.

First Data SpendTrend Shows Card Spending Skyrockets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its SpendTrend analysis for March 1-29, 2013. Compared to March 2-30, 2012, it tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations. Year-over-year dollar volume growth increased 6.0% in March, up from February’s 4.6% growth, as the…