Fiserv research shows consumers pay their bills in multiple ways each month while mobile bill payments are on the rise, while there is a correlation between how consumers pay bills and their use of the Internet. American consumers use multiple channels to pay various bills, such as online payments at bank and company (biller) sites, paper checks sent via mail, walk-in payments made in person, phone payments and mobile payments made via apps or mobile web browsers. Eight percent of online households – representing 8 million total households – paid at least one monthly bill this way, up from 6 percent in 2011. In addition, 3 percent of infrequent and non-Internet users – representing 720,000 total households – are using mobile bill payment. Additional findings show only 7% of online households said that trouble keeping track of a bill caused a late payment.
First Data and Go Daddy Web hosting announced their partnership “Go Daddy Payment Solutions” application, designed to better serve the electronic payment needs of small businesses. The “Go Daddy Payment Solutions” will process eCommerce transactions online, giving customers a full-blown Web presence, complete with a website, shopping cart and online payment acceptance. Small merchants are embracing technology to stay ahead, with nearly half of all small merchants believe adopting new payment and marketing technologies are important to stay competitive.
BOKU online mobile payments partnered U.S. Cellular to maximize the adoption of direct-to-bill mobile operator billing as a payment option. Online merchants will generate incremental revenue from consumers who find mobile the easiest way to pay online, and attract new consumers who previously were unable or chose not to pay via other payment options, such as credit and debit accounts. When making purchases from their favorite online merchants, consumers will benefit from a convenient and secure payment experience that is accessible to all U.S. Cellular subscribers. Consumers gain a user authentication process that delivers better conversion for merchants, timely notification of billing errors impacting purchase and continuous pricing.
Agilysys hospitality software solutions announced that Indigo Sky Casino and Hotel selected its software suite. This includes solutions for property management, POS and inventory and procurement. It will implement its Lodging Management System comprehensive property management solution that automates every aspect of hotel operations, InfoGenesis POS software system that combines powerful reporting and configuration capabilities in the back office with an easy-to-use touchscreen terminal application and Stratton Warren System, a full-featured inventory and procurement solution that maximizes purchasing power and reduces operational costs.
SelectCore prepaid payment solutions announced a strategic restructuring of its executive management whereby Kevin Taylor, Director of the Corporation, will assume the role of Chief Executive Officer. Meanwhile Keith McKenzie and Ryan Deslippe will remain as President and Executive Vice President, respectively. Taylor brings more than 20 years of leadership experience having held senior-level positions in the Latin America and Caribbean market including heading up Nortel”s carrier and wireless groups from 2000 to 2008. He holds a Bachelor of Engineering – Science degree from the University of Western Ontario. In his new capacity, he will focus on delivering sustained growth, profitability and raising the profile of SelectCore on a global scale with increased public awareness.
The Diebold board of directors elected Henry D.G. Wallace chairman of the board, who’s been a member of the Diebold board since 2003. Wallace is a former group vice president and chief financial officer of the Ford Motor Company. Wallace experience as group vice president for Ford’s operations in the Asia Pacific region and as president and CEO of Mazda Motor Corporation is extensive. During his 30-year career at Ford, he also held numerous positions in finance and general management at Ford’s operations in the UK, Germany, United States, Mexico, Venezuela and Japan. Wallace received a bachelor’s degree in economics from the University of Leicester in England.
Chase Sapphire Preferred premier travel rewards card hosted the premiere party for Touchy Feely at the 2013 Sundance Film Festival. Touchy Feely writer and director Lynn Shelton attended the celebration and walked the “Sapphire blue” carpet with cast members. Hundreds of Chase Sapphire cardholders and VIP guests toasted the film premiere and met the cast at the exclusive celebration. As a presenting sponsor of the Sundance Film Festival for the third year in a row, Chase Sapphire offered cardholders custom packages with insider access to exclusive events, people and films at the Festival. Cardholders enjoyed invite-only VIP parties, access to an exclusive Chase Sapphire Box Office priority ticket line, complimentary film screening tickets, festival credentials and coveted seats at ChefDance dinners with world-renowned celebrity chefs.
PayLane has expanded its footprint internationally to businesses, allowing accepting online payments in 160 currencies from over 50 countries. They can now offer their customers alternative solutions typical for specific regions, like Sofort banking in Germany, Austria and Switzerland, wire transfers in Poland, Dankort in Denmark, Carte Bleue in France or iDEAL in the Netherlands. Also directed at shops that use e-commerce platforms, PayLane plugins e-shops built on Magento, OpenCart, osCommerce, Zen Cart, PrestaShop or Wordpress can easily integrate with the payment system. PayLane has also launched DevZone – a site for developers, which shows how the technical side of integration with PayLane looks like.
ACI Worldwide announced the winners of the 2013 ACI Excellence Awards. The fourth-annual ACI Excellence Awards recognizes financial institutions, processors and retailers for innovative and transformative uses of ACI solutions to solve real-world customer and business issues. Judged by a select group of payments experts, winners include Union Bank of India for Overall Excellence, Federal Bank of India for Product Innovation, Mercantile Bank of Michigan for Mobile Banking and Payments, HDFC Bank for Operational Excellence in Self-Service, Bankart d.o.o. for Operational Excellence in Fraud Management and the Palmetto Bank for Customer Experience.
Fundtech transaction banking solutions launched a hosted version of “Global CASHplus” (GCP) cash management solution. The On-Demand service will allow banks to reduce the costs of hardware, installation, maintenance and manpower while focusing on their core competencies and growing their business. The GCP On-Demand is designed for mid- and small-tier banks looking to offer standardized cash management services such as balance and transaction reporting, payables, receivables and financial supply chain to their corporate customers. This is an extension of GCP, Fundtech’s market-leading cash and treasury management solution offered by banks to their corporate customers. Fundtech operates as an application service provider in North America for payments and cash management services and, through its BBP subsidiary, operates the world’s largest SWIFT service bureau supporting more than 250 clients.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS 4Q/12 report shows a basic earnings per share of $0.33, up 3.7%, and a FY/12 of $1.30, up 13.1% from the year ago figure. Revenues before reimbursable items for the quarter were $418.6 million, an increase of 2.7%, and $1,618.5 million for the year, an increase of 5.0% over 2011.…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down from$23.9B to $22.5B, with 2011 showing a further drop to $19.4B, and 2012 dropping again to $17.8 B, according to the R.K. Hammer…