[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.

Huntington Bank Launches Spartans Debit Card

Huntington Bank and Michigan State University Athletics launched the Spartans branded debit card, providing fans who sign up for a Huntington Bank checking account debit card to show their loyalty. The Spartans debit card bears Michigan State University’s Spartan helmet graphic and the Michigan State University athletics wordmark. The debit card can be linked to any of Huntington’s consumer checking accounts including the popular Asterisk-Free Checking®, a checking account without a monthly checking maintenance fee that offers 24-Hour Grace® to help customers avoid overdraft fees. The Spartans debit card launches as Huntington expands into the Lansing area via partnership with Meijer, creating eight in-store branches serving greater Lansing by the end of 2013.

AmEx Announces Board Member

American Express elected Samuel J. Palmisano to its board of directors. Formerly chairman, president and chief executive officer of IBM from 2003 to 2011, Palmisano was also chairman of the board from January through September 2012 and continued as senior adviser to IBM until his retirement, by which IBM achieved record financial performance, transformed itself into a globally integrated enterprise and introduced its Smarter Planet agenda. Palmisano is a member of the board of directors of Exxon Mobil Corporation and a graduate of The Johns Hopkins University. He holds an Honorary Degree of Doctor of Humane Letters from Johns Hopkins University in 2012 and from Rensselaer Polytechnic Institute in 2005. In 2006, he was awarded an Honorary Fellowship from the London Business School. He is also an elected member of the American Academy of Arts and Sciences and served as co-chair of the Council on Competitiveness’s National Innovation Initiative.

American Express Elects New Board Member

American Express appointed Anne Lauvergeon to its board of directors. Also a partner and managing director of Efficiency Capital, an investment firm that focuses on energy, technologies, and natural resources, and chairman and CEO of A.L.P. SAS, an advisory company, Lauvergeon is a member of the board of directors of Total S.A. and Vodafone Plc. She is a graduate of the École Normale Supérieure and the French National School of Mining Engineer and was awarded an honorary doctorate by London’s Imperial College. She is also a fellow of the Royal Academy of Engineering as well as the Royal Academy of Belgium.

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.

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.

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.

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…