Higher One Expands Nationwide ATM Access

Higher One partnered Allpoint Network of Cardtronics, allowing OneAccount Premier cardholders free ATM access to 38,000 Allpoint ATMs. This expands Higher One’s national ATM network and will allow OneAccount Premier cardholders to conduct standard ATM transactions, including withdrawals and statement balance inquiries, free of charge at any Allpoint Network ATM in the United States. College students are eligible for the OneAccount Premier checking account, featuring no monthly fee with $300 in monthly direct deposit; reimbursement for one non-Higher One ATM or non-Allpoint ATM transaction per month; upgraded cash back rewards in the OneRewards program; and access to interactive “Bud-jet” budgeting tool.

ONE METRIC CARD ISSUERS JUST DON’T GET RIGHT – “R&D SPEND”

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] R.K. Hammer Founder and CEO Bob Hammer commented “In over three decades in the card business, and having read an estimated 67,000 card financial statements during that period, I have seen very few card financials that displayed R&D spending as a separate line item. That’s a problem, as we see it.”…

VeriFone and MasterCard Partner, Launch POS Service

VeriFone Systems and MasterCard partnered to implement the MasterCard “MasterPass” service at the POS. As a cloud-based payment option now within VeriFone’s “GlobalBay” mPOS and “GlobalBay Clienteling” applications, “MasterPass” allows shoppers to access their MasterPass wallet accounts to pay from anywhere in the store on mobile devices on GlobalBay software. VeriFone’s “GlobalBay” mPOS application helps retailers improve the overall customer experience by enabling them to arm associates with mobile devices to scan items, apply coupons and discounts, and complete transactions from any location in the store. The GlobalBay Clienteling application helps build more personal and profitable customer relationships by enabling associates to record consumer preferences and buying habits, and leverage customer data for promotions and cross-selling.

VeriFone Posts 1Q/13 Revenue Projection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone expects to report 1Q net revenue between $425 million to $430 million and net revenues between $424 million to $428 million. VeriFone expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10. The revision was driven by weak…

MoneyGram Sees 4Q/10 Revenue Up 13%, Booming Network

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, now with a global network of more than 310,000 agent locations, posted 4Q/12 money transfer fee and other revenue constant currency growth of 13%. Meanwhile, transaction growth was more than 14%, thanks in great part to a growing agent network. Over the past 30 months, MoneyGram added 100,000 agent locations-…

MoneyGram and CUNA Mark 40 Years Serving Credit Unions

MoneyGram and CUNA Strategic Services (CSS) are commemorating their 40-year relationship of working together to provide credit unions across the U.S. with affordable, reliable and convenient payment services. The strength in their partnership is in great part thanks to a fast growing unbanked and underbanked population. MoneyGram will be part of the CSS providers showcased on the main aisle in the exhibit hall, where it will feature its full suite of payment solutions available to credit unions.

TSYS Expands Internationally with LINK Scheme

TSYS is now a Certified Service Bureau of the LINK Scheme and will subsequently begin processing ATM transactions through the network for its first client in 2013 and will have the ability to process LINK transactions on behalf of any LINK member. LINK ATM network has more than 35 member institutions, including various banks and building societies and connects virtually every ATM in the United Kingdom, operated by VocaLink.

ACE Cash Express Adds MoneyGram Online Services

MoneyGram announced ACE Cash Express has added its online service to its “Cash Express” website. Available to customers now, the Moneygram service features a link on ACE Cash Express’ Web site where customers can connect directly to MoneyGram to send money and pay bills. The online collaboration between MoneyGram and ACE Cash Express builds on more than a decade since the two financial services companies started working together. ACE Cash Express online consumers click on the MoneyGram Online icon and will be taken to the home page of MoneyGram where they can estimate the cost of sending a transaction, send a money transfer, or pay a bill.

Conference Board Economic Index Continues Momentum

[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 0.2% in January to 94.1 after a 0.5% gain in December and a flat November. Indicating a slow but continued expansion in economic activity, this growth was also thanks to improvements in housing permits and financial components helped boost…

Western Union Certifies Ericsson mWallet Platform

Western Union Company global payment services certified the Ericsson Wallet Platform, allowing Ericsson to offer its operator customers the ability to include Western Union® Mobile Money Transfers in their financial services portfolios. The Ericsson M-Commerce services portfolio is designed to unlock the potential of the mobile wallet, fast-track mobile operators’ time to market for deploying mobile financial services, and support the rapid adoption of m-commerce by their subscribers.

Katahdin Trust Deploys Fiserv Platform

Katahdin Trust Company has chosen the Fiserv Premier bank platform, as well as a comprehensive selection of additional solutions from Fiserv. Fiserv allows Katahdin Trust Company to effectively compete with larger banks in its market by quickly bringing innovative products and services to its customers. One such product, Mobile Source Capture(TM) from Fiserv, turns a smartphone into a deposit-making device, enabling consumers and small businesses to safely and securely deposit checks from any location. Technology provided includes business online banking, wire services and check capture to make business banking easier and expand beyond the bank’s traditional geographic footprint. The institution will also deploy Fiserv “Popmoney” for person-to-person payments, “CheckFree RXP” for bill payments, “Mobiliti” for mobile banking, “Business Online” and “Retail Online” for online banking, “Branch Source Capture,” “Merchant Source Capture” for check capture and “WireXchange” for wire transfers, along with a host of other services.

TSYS Acquires NetSpend for $1.4B

TSYS payment solutions and NetSpend general purpose reloadable (GPR) prepaid debit cards signed a definitive agreements by which TSYS will acquire NetSpend for $1.4 billion, cash. TSYS expects the transaction to be accretive to GAAP EPS for the first 12 month period following closing, excluding one-time acquisition related fees and expenses. NetSpend’s extensive distribution network provides consumers the ability to purchase prepaid debit cards at more than 62,000 distributing merchant locations, such as retailers, check cashers, convenience stores, grocers, insurance providers, tax preparers and many others. NetSpend currently serves more than 2.4 million accounts of which 46% are direct deposit.