Economic Confidence On the Rise in September

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was up 2.7 points to now sit at 91.3 in September after a 4-month decline, 14.3 points higher than the year ago figure, thanks to increasing consumer economic confidence. This is due in part to those rating the U.S. economy as good or excellent increased 2…

AmEx Celebrates Barclays Center Sponsorship with Fan Promo

American Express and the Brooklyn Nets are celebrating the opening of Barclays Center, allowing fans the opportunity to win tickets to see an upcoming Brooklyn Nets game or entertainment event with access to the American Express ‘Vault Suite’ premium suite level in the new arena. Fans are able to enter for the opportunity to win tickets to watch a Brooklyn Nets game with access to the American Express Vault Suite and meet Deron Williams (subject to availability) by submitting a short video demonstrating their commitment as the ultimate fan of sports, music or entertainment. Fans can find ideas, see examples and hear suggestions from Williams. Williams will help select 20 finalists before giving all fans the opportunity to vote and help select the winners (See rules for complete details). Videos can be uploaded to www.amexunlocks.com through October 19 or by visiting one of three American Express live-site locations in Manhattan and Brooklyn through October 12.

ValidSoft Joins eTransactions Association mPayments Committee

ValidSoft telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly-owned subsidiary of Elephant Talk Communications, has joined the newly-formed Electronic Transactions Association Mobile Payments Committee. ValidSoft joins some of the biggest players in the mobile payment sector, including the four US mobile carriers, as well as Google, Isis, VeriFone and Intuit, as part of the new Mobile Payments Committee, which was established in August 2012 by the Electronic Transactions Association. The aim of the Committee is to bring together companies active in the mobile payments ecosystem and tackle the complex business and policy issues around mobile payments and e-commerce transactions.

NCR and Vantiv to Grow ATM Software Availability

Multivendor software Vantiv-certifies NCR Corporation’s multivendor ATM software on its network. Vantiv is a leading provider of payment processing services and related technology solutions for merchants and financial institutions and drives more than 12,000 ATMs for financial institutions across the U.S., many of whom operate mixed-vendor fleets comprised of ATMs from NCR and other manufacturers. While Vantiv has supported NCR APTRA Edge software for several years, certification of APTRA Edge for multivendor environments will help financial institutions of all sizes reap the benefits of a single software platform. Only one percent of U.S. financial institutions with less than $50 billion in assets have installed multivendor software applications. Vantiv’s customers now will be able to take advantage of this growing trend.

Datacard Group to Present at ATM, Debit and Prepaid Forum

Datacard Group secure ID and card personalization is set to present at the 20th annual ATM, Debit and Prepaid Forum October 22-25. Titled “Maximizing Card Program Performance While Minimizing Costs,” there will be a co-presentation given by Alyssa Arredondo, senior marketing manager for Datacard Group; and Donna McVea, card issuance coordinator for First National Bank of Omaha. Datacard Group will also be exhibiting at the show its patented “CardWizard” issuance software and associated hardware.

Ingenico Terminal MasterCard PayPass Certified

Ingenico provider of payment solutions has received certification for the MasterCard PayPass 3.0 terminal specification for its countertop iCT250 terminal. Ingenico offers each market segment a comprehensive range of PayPass 3.0 leading-edge approved terminals for the latest terminal specification from MasterCard, suporting contactless card acceptance as well as other PayPass enabled form factors such as mobile phones, stickers, and wristwatches. Ingenico has certified the full specification which enables the terminal to accept payments where the cardholder can authenticate the transaction by entering their PIN on the mobile phone handset, and then tapping their handset on the terminal.

Card Delinquencies Hit Record Low, COFs Drop Too

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card delinquency has plunged to an all-time low, with Fitch Ratings’s 60-day Delinquency Index having dropped to 1.76% for the month of August. This decline brought delinquencies down to their lowest level on the Prime Credit Card Index in 21 years while delinquencies are down 25.74% since the year…

Cardtronics Solution Help Consumers Save on ATM Fees

Cardtronics retail ATM owner launched its “FeeAlert,” allowing financial institutions to help their customers save money by steering them toward nearby in-network ATMs and away from ATM fees. With FeeAlert from Cardtronics, banks and credit unions can actively support their customers’ efforts to avoid ATM fees by raising account holder awareness of their in-network ATM options, in a personalized way. Upon analyzing an individual’s real-world ATM usage behavior, FeeAlert enables financial institutions to deliver a highly relevant list of nearby surcharge-free ATMs”including surcharge-free network ATMs. In effect, FeeAlert remembers to check for nearby in-network ATMs even when a customer forgets to use their financial institution’s ATM locator, thereby positioning banks and credit unions as delivering helpful, potentially cost-saving reminders to their customers.

USA Technologies Integrates for Cashless & Vending Management

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries completed its broadest, integrated deployment of ePort telemetry of data with vending management solution provider and USAT DEX Partner, VendSys, for USAT customer, Rawls Distributing. The combined solution is designed to broaden the anticipated benefits of each technology, for even greater return on an operator’s investment. Rawls is an operator of more than 1,200 vending machines and utilized USAT and VendSys for its internet-based vending management systems.

AmEx Settles $85mm in Customer Refunds for U.S. Card Practices

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Company has reached settlements with several regulatory agencies to resolve previously disclosed reviews of certain aspects of the company’s U.S. consumer card practices. Similar settlements were reached with several of the company’s subsidiaries, including American Express Centurion Bank; American Express Bank, FSB; and American Express Travel Related Services Company,…