American Express 3Q/12 Revenues Rise, Expenses Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express posted 3Q/12 net income of $1.3 billion, up 1% from a year ago, while consolidated total revenues net of interest expense rose 4% to $7.9 billion, from $7.6 billion a year ago, thanks to more cardmember spending and higher net interest income. Consolidated expenses totaled $5.5 billion, down 2%…

New Incentive Cards Options Now Available

With customized, prepaid Visa® Incentive Cards from IncentiveCardLab.com, companies large and small can now design and distribute their own personalized/branded rewards, rebate and incentive cards to employees, customers and potential customers. IncentiveCardLab.com can deliver custom-designed, prepaid Visa cards complete with personalized greeting card carrier. Incentive CardLab’s unique self-service design portal and on-demand production system allow even very small businesses to order as few or as many cards as needed, when needed, with no minimum order and no setup fees. Cards are available in any denomination from $5 to $2500 and feature “full bleed” edge-to-edge design. Businesses can upload their own logo and create a truly one-of-a-kind card design, or choose from hundreds of templates available to select a card that is not only beautiful, but also conveys their message to employees or customers. Custom design assistance is also available.

Viableware Integrates with Restaurant POS Systems

Viableware has integrated its “RAIL” payment technology with POS systems including MICROS, NCR Aloha, and Dinerware. By integrating its “RAIL” payment platform with leading POS manufacturers that serve more than 60 percent of the full-service restaurant market, Viableware makes it easy for restaurant operators to accept various forms of payment at the table – including e-wallet and smartphone payments- using a handheld device. This allows restaurant operators to improve guest service, strengthen guest relations, and reduce PCI compliance requirements. Guests can self-swipe credit or debit cards, auto-calculate the tip, split the bill multiple ways, pay-by-item, and opt for direct-email receipts.

TSYS Study Shows Consumer Payment Preference

TSYS made available its second annual nationwide primary consumer research study, the 2012 Consumer Debit-Payment Choice Research Study. Designed in conjunction with Mercator Advisory Group payments research and consulting the goal of the study was to provide a snapshot of current consumer behavior and attitudes toward debit, credit and emerging payment forms, as well as to gather both quantitative and qualitative information. More than 1,000 consumers who owned a debit card were surveyed on payment choice, perceptions of value, and what might influence them to change how they pay. Debit cards continue to be the preferred payment type for everyday purchases, driven in part by the desire of many to manage their money on a near-daily basis; Merchant discounts and offers are the most effective way to influence consumers to use a payment type more often; Awareness of alternative payment accounts and methods is high, and consumers’ overall understanding of and interest in mobile payments has advanced considerably since last year; and consumers continue to be focused on the security, ease of use, control and speed at check-out, and incorporating these features into new or expanded offerings will result in greater consumer adoption.

LowellBank Partners NCR, Installs Video ATM Tellers

LowellBank is set to install NCR “APTRA” Interactive Teller at remote sites to give customers greater access to teller services. The new ATM-based technology from NCR Corporation (NCR) lets customers conduct transactions and other banking sales and services with a live, remote teller, who has complete control of the ATM. Supported by simultaneous video and audio connections, Interactive Teller can help customers complete 95 percent of the teller services that can be done inside a branch. NCR Interactive Teller will allow LowellBank to offer teller services well beyond traditional branch hours.

USA Tech Partners Eaton, Expands Cashless Payment Market

USA Technologies wireless, cashless payment and machine to machine (M2M) telemetry solutions for small-ticket, self-serve retailing industries, has expanded its cashless payment and M2M services in the kiosk market with electric vehicle stations sold by existing customer, Eaton Corporation (“Eaton”). Eaton, whose AC Level 2 Electric Vehicle charging stations already include an option for USAT’s ePort® technology for secure, cashless payment acceptance, has recently added their new, high-powered DC Quick Charger to this cashless lineup. Its DC Quick Charger provides fast and convenient electric vehicle charging with the ability to charge a vehicle’s battery to 80 percent capacity in as little as 30 minutes. Using USAT’s ePort technology, Eaton’s latest DC Quick Charger now includes an option for magnetic credit card swipe acceptance and offers consumers the opportunity to pay through time-based intervals or a flat rate.

Digital River World Payments to Partake in Money2020 Expo

Digital River, the revenue growth experts in global cloud commerce, announced that its Digital River® World Payments™ solution will be featured at the upcoming Money2020 Expo Oct. 22-24 in Las Vegas. Souheil Badran, senior vice president and general manager of Digital River World Payments, will share his views on new e-payments developments during the panel discussion, “Evolving Online Payments: No More Jumping Through Hoops to Pay Online…More Choice and Convenience to Rival Offline Payments.” This panel will highlight ways to drive online conversions and sales by focusing on consumers and their payment experiences.

Visa Concludes Record-Breaking $109.1T 2011 Global Commercial Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa released its annual global Commercial Consumption Expenditure (CCE) index, showing global commercial spending reached $109.1 trillion in 2011 for a 12% growth over the year ago figure of the $97.4 trillion spent in 2010. This is also the first ‘CCE’ since 2004 indicating spending passed the $100 trillion mark. The…

Conference Board Consumer Confidence Index Up 9 Points in September

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Consumer Confidence Index, which had declined in August, improved in September. The Index now stands at 70.3, up from 61.3 in August. Meanwhile, the Expectations Index increased to 83.7 from 71.1 just as the Present Situation Index rose to 50.2 from 46.5 last month. Experts concluded the Consumer…

Fundtech Launches tablet App

Fundtech global transaction banking launches its “CASHplus Mobile Corporate Banking” for Tablets as part of its “Triple Play” (desktop, smartphone, tablet) cash management product strategy. This lets banks offer corporate customers access to treasury services across multiple access channels with a consistent and integrated user experience that is right-sized for the device. The “CASHplus Mobile Corporate Banking” for Tablets gives corporate treasurers access to critical bank information and services so that they can manage their cash flow and make decisions anywhere, anytime with multi-channel access to treasury services. It also features Native iOS and Android app with optimized functionality for touch screen interaction and the ability for treasurers to access balances and transactions, wire approvals, ACH approvals, positive pay decisions and exceptions.

Diebold Revises ’12 Sales Outlook

Diebold, Incorporated (DBD) announced preliminary 2012 third quarter revenue of approximately $710 million and earnings of $.27 per share, or $.39 on a non-GAAP* basis. The company has lowered its full-year outlook for revenue and earnings per share, now expecting total revenue growth of approximately 6 percent and full-year non-GAAP earnings of $2.25 to $2.30. This compares with previous revenue guidance of 6 to 8 percent growth, and non-GAAP earnings of $2.50 to $2.60 per share.