Western Union to Launch Payment Platform for NGOs

The Western Union Company announced its commitment to creating a financial platform for the payment needs of non-profit and non-governmental organizations (NGOs) with the Western Union “NGO Global Pay.” The “NGO Global Pay” is designed to help NGOs overcome the gap between funds that need to be disbursed and the people who need them. It will leverage the company’s 510,000 physical locations to help connect NGOs to the people they serve in over 200 countries and territories around the world. With this, Western Union will offer a wider array of pay-out options for nonprofits to send funds and tools to help NGOs monitor and report on fund disbursement.

Conference Board Shows Luffing Economic Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index was down 0.1% in last month to 95.7 (2004 = 100). This indicates flat economic growth as strengths and weaknesses in our economy remain balanced. This after a promising 0.5% increase in July, but a 0.5% drop in June. Showing positive current economic activity in…

ACE Software Launches New Payment Service

ACE Software intelligent products and solutions for financial institutions launched its “PelicanPay” service for corporates. This offers a global payments hub that allows corporates operating in a multi-bank and/or multi-ERP environment to control and manage payments securely through a single, SEPA-compliant channel. The “PelicanPay” platform reduces risks and exceptions, designed with best practice in payments in mind to give users visibility and control over both cash and risk management.

GiftCardLab.com Acquires 1-800-GIFTCARD.com

GiftCardLab.com online provider of gift cards acquired 1-800-GIFTCARD.com. GiftCardLab.com was the first company to offer a customized Visa Gift Card and to ship gift cards with a customized greeting card. Now the company is continuing to blaze a trail in the gift card industry by being the first online gift card store to offer local merchants gift cards branded with their own logos and images. Additionally, the convenience of online ordering protects consumers from gift card tampering. Since the gift cards and card numbers are protected, GiftCardLab.com customers know their gift cards will arrive to the recipient untouched and fully loaded with the requested amount of funds.

Cardholders Now Use Chase Points on Amazon.com

Chase Card Services now allows cardholders to use their ‘Ultimate Rewards’ points to use during checkout when using Amazon.com. Chase Freedom®, Chase SapphireSM and Ink® from Chase cardholders can now redeem one Ultimate Rewards point for one cent at Amazon.com, meaning 100 points can be redeemed for one dollar in eligible merchandise. The addition of Amazon.com Shop with Points to Ultimate Rewards expands Chase’s existing relationship with the online retailer. Chase has offered the Amazon.com Rewards Visa® Card in the U.S. since 2002, and earlier this year, launched the Amazon.ca Rewards Visa® Card in Canada.

PayLane Launches Start-Up Friendly Processor

PayLane.com online payments processor has launched an offer dedicated just to startups. PayLane has reached out to new companies – so they can focus on running their business, while PayLane takes care of every minute detail connected to implementing online payments. PayLane for Startups is a solution created just for new e-businesses, which will allow them to accept payments in EUR and GBP, through credit and debit cards (Visa, Visa Electron, MasterCard, Maestro), and PayPal. Every startup can implement for free single click payments and recurring payments, which are perfect for any kind of subscription programs, as well as descriptors – a custom description of the transaction on the bank statement. PayLane’s prices are transparent and have created a pricing calculator that shows, after choosing the estimated number of transactions for each payment method and their average amount, an expected monthly fee for their services.

Communication FCU Implements Tyfone mBanking

Communication Federal Credit Union (CFCU) is set to provide its members a comprehensive suite of mobile financial services powered by Tyfone’s next generation mobile banking solution. Tyfone’s multi-mode next generation mobile banking service leverages the strengths of each mode (SMS, App, mobile Web) for an efficient and intuitive user experience. In addition to standard mobile banking features, Tyfone’s next gen mobile banking offers: bill pay, account aggregation, mobile remote deposit capture (mRDC), iCashe Mobile Wallet and the ability to enroll and customize mobile banking via a mobile device. Tyfone’s u4ia® Alert Engine delivers customizable alerts and relevant financial data direct to members’ mobile devices so they can keep tabs on their finances while on-the-go.

Discover Fan Loyalty Poll Shows Women Lead in Team Spirit

The Discover Fan Loyalty Poll finds that women are showing more spirit than men when it comes to watching the game and wearing their school colors. In the third week of Discover’s national survey designed to gauge college football fan loyalty, fans were questioned on the depth of their commitment to their teams. When asked how important is it that they watch their favorite team’s game each week, 75 percent of all fans consider it somewhat to very important to tune in. However, more women than men, 78 percent to 73 percent, see it as a higher priority. When fans were asked if they regularly wear clothing or other items with the logo of their favorite college football team, 46 percent said yes, down from 55 percent last week. Once again, women showed more team pride when it comes to wearing a team’s logo: 58 percent of women wear it compared to 38 percent of men. The University of Southern California dropped out of the running after its loss to Stanford last week. Only 16 percent of fans said they would consider naming a pet or a child after a team, and of those who said they would, women leaned toward pet names while men leaned toward baby names.

Facebook Implements Bango Mobile Carrier Billing

Bango mobile web payments and analytics integrated with Facebook, expanding its services and allowing it to provide Facebook mobile web carrier billing, as part of an improved mobile payments flow. This enables Facebook’s mobile web users to easily purchase digital content with frictionless operator billing, paying on their phone, without the need to register personal details. Bango’s pervasive presence across app stores, publishers and mobile operators creates a platform effect for its partners, leading to more identified mobile users and maximizing the number of single-click payments for higher rates of collection.

Average Card APR way Down Year-Over-Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Having not wavered much, average credit card APRs have demonstrated the greatest discrepancy since its year ago figure in months. After peaking at well over 15% following the holiday shopping season, credit card interest rates have plummeted back to averages not seen since August. Now standing at 14.91%, averages have witnessed…

VeriFone Brings Finish Line Multimedia mPayment Options

The Finish Line is deploying VeriFone’s mobile checkout and multimedia-driven countertop payment solutions, f ollowing a successful trial, at all of its 638 locations equipped by mid-November when the holiday buying season begins. Finish Line is deploying 1,600 of the countertop multimedia MX 915 systems and 3,200 PAYware Mobile Enterprise secure mobile card acceptance devices for the iPod touch. Finish Line is completing a system-wide upgrade to the MICROS Systems xStore POS and MICROS miStore mobile Point of Sale, which are designed to increase sales associate productivity and build strong customer loyalty, and the new media-enabled VeriFone MX 915 customer-facing payment acceptance solution. The PAYware Mobile Enterprise card encryption reader, with integrated 2-D bar code scanner, works with all forms of electronic payment including magnetic stripe, chip and PIN, and contactless/NFC-enabled cards and phones.