Spindle mPayments buys MeNetwork

Spindle mobile payments solutions has concluded the acquisition of MeNetwork international location- and time-based mobile marketing platform for merchants and consumers. MeNetwork’s technology integration with Spindle provides a comprehensive mobile commerce ecosystem that incorporates location- and time-based mobile marketing, fulfillment, and loyalty with mobile payment services. Merchants can directly engage consumers and form durable ongoing relationships via their mobile devices and leverage these connections to drive commerce, establish customer loyalty, and enable consumers to share the unique content they discover through their preferred social media channels.

Flint and Fidano Partner on mCard Acceptance

Flint Mobile mobile payments partnered Fidano merchant service providers. Facilitating on-the-go businesses to accept credit card payments and to maximize customer engagement, Flint provides a unique, frictionless solution for mobile small businesses by eliminating the need for extra card reader hardware or reliance on consumer adoption of a proprietary mobile wallet. NXGEN International processes over $5 billion in transaction volume per year and is partnering with Flint to drive growth in the untapped market segment of mobile non-countertop businesses. NXGEN integrates technology and personal service together with smart analytics and social media tools to create products designed to help merchants grow their business. Users can securely scan just the main number off the card instead of using a physical swiper or capturing a full image of the card on an end-to-end payment service provider platform to enable easy online merchaant on-boarding in minutes.

Bluepoint ImagePoint Announces Latest Partnership

Bluepoint Solutions announced Smart Financial Credit Union selected its “ImagePoint” check capture, electronic cashletter processing and check archive solution. Smart Financial Credit Union selected Bluepoint’s ImagePoint Branch, Hub, and Archive solutions after an extensive search. ImagePoint is to provide a complete end-to-end check capture, processing, and archive solution for the credit union that simplifies workflows, improves research capabilities and lowers processing costs.

TSYS Executive Honored by Commercial Payments International

TSYS announced that Keith Pierce, group executive of Commercial Services, has received the Most Influential Executive award at the CPI Global Awards for Excellence in Commercial Cards & Payments. Pierce was one of nine finalists for the award, which this year honors three exceptional professionals in the commercial payments industry. Pierce is responsible for the overall strategic direction and profitability of the commercial business at TSYS and has oversight of client relations, day-to-day operations, financial performance and business strategy.

Conference Board Economic Index Slow & Steady

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.7% in February to 94.8 after a 0.8% gain in January and .5% gain in December. Indicating a slow but continued expansion in economic activity, this growth was also thanks to improvements in housing permits and financial components helped…

Fathead Deploys Virtual Piggy Payment System

Fathead officially licensed sports and entertainment graphics launched a Virtual Piggy youth-friendly payment system, now available to customers as a secure online payment option through Fathead.com. With a Virtual Piggy account, Fathead is able to create a safe, convenient shopping experience for children by giving parents the ability to control and monitor their child’s spending account. Under this parentally managed account, kids can freely browse and purchase their favorite Fathead products, while learning financial responsibility at the same time. Customers can create a free Virtual Piggy account by visiting Virtualpiggy.com.

MasterCard Launches New mCommerce Solutions

MasterCard announced mobile innovations and feature enhancements to Smart Data, including a new mobile receipt application that liberates corporate cardholders from the burden of filing paper receipts for expenses. The new Smart Data Mobile Receipt Capture App for iOS, Android and Blackberry users enables corporate cardholders to directly upload receipt images by taking a smartphone picture and attaching it to the transaction when filing their expense report, allowing cardholders to toss the dreaded paper receipt. MasterCard is also piloting a Mobile Fleet e-Receipt App to assist businesses and governments needing accurate and timely data to manage automotive fleets. The mobile fleet app allows drivers to visit any fuel merchant and enter the data required by their fleet managers, including the type and amount of fuel purchased, the price paid per gallon, the odometer reading, along with many additional features.

Fiserv Posts Record Automotive Loan Origination Transaction Volume

Fiserv financial services technology solutions announced 2012 was a record-setting year for its Automotive Loan Origination System (LOS). With more than 10.8 million loan applications and 3.7 million contracts processed through the company’s auto lending platform, there was a 31 and 33% increase for applications and contracts, respectively. This is thanks in large part to the return to health of the automotive industry through renewed consumer demand following the past year’s uptick in the economy. The industry has witnessed the emergence of both established and new lenders vying to meet the needs of growing segments.

TIO Networks Launches mPayment App

TIO Networks, North America’s leading expedited bill payment company, announced it has partnered with Mobilicity, Canada’s smart mobile carrier, to develop and release a native smartphone-based account payment app for Mobilicity customers. The app is available in the Google Play Store. The My Mobilicity Payment App supports Android smartphones, allowing customers to conveniently view their account balance and due date, securely pay their monthly fees or top-up their My Wallet account with any Visa, MasterCard or American Express credit card. It also allows users to view their app payment history, review payment receipts, and find the nearest authorized Mobilicity location.

Western Union Launches Stored-Value Solutions Platform

Western Union launched its “Global Share” platform to introduce new stored-value solutions in markets around the world through local companies. This allows local companies to enhance their overall value proposition by leveraging many of Western Union’s strengths in the marketplace, including the largest network of its kind in the world, its globally recognized brand and its expertise in moving money across borders. The “Global Share” platform allows Western Union and its clients develop enhanced value propositions in the marketplace by leveraging each other’s complementary assets. For this, Western Union has already signed agreements with six companies for solutions that meet a variety of needs around the globe.

CSR Partners OMEGA Processing Solutions

CSR data compliance solutions announced that OMEGA Processing Solutions will offer its “PCI ToolKit” and Breach Reporting “ToolKit” solutions to its entire portfolio of approximately 7,000 business customers. OMEGA Processing Solutions credit card processing company provides electronic payment transaction services to businesses nationwide. The CSR “PCI ToolKit” solution helps merchants complete compliance validation quickly and easily without time-consuming support sessions. More than 82 percent of merchants who use the PCI ToolKit successfully complete validation. The CSR “Breach Reporting ToolKit” solution delivers the right information at the right time to the right regulating bodies in the event of a suspected or actual data breach. It identifies, prepares and files the mandated reports to countless oversight authorities in a timely fashion on behalf of businesses, both large and small.

TransCard Intros New Prepaid Card

TransCard introduced its “Traveler Prepaid Card” along with its “Student Prepaid Card.” The latest addition to the TransCard “Premier Select Suite” reloadable prepaid accounts, the Student Prepaid Card is geared towards high school students heading off to college. It offers purchasing power without the risk of piling up credit card debt and allows parents to send money to the card via a transfer from their bank account or in real-time from a secondary card. It also offers online budgeting, real-time text alerts, a mobile app, and access to cash at ATMs worldwide, all for one low monthly fee.