Bluefin Payment Systems Ranks on Inc. 500/5000 List

Inc. Magazine has announced that Bluefin Payment Systems achieved the #6 position overall on its annual 500/5000 list of the fastest-growing, private companies in the United States. Bluefin Payment Systems provides a highly secure payment gateway for electronic payments, including debit/credit card processing, ACH, and more. Placements on the list are based on the percentage of revenue growth from 2008 to 2011 for private US-based companies with minimum revenue of $100,000 in 2008 and $2 million in 2010. Bluefin Payment Systems achieved the #6 spot on Inc.’s list by generating 2011 revenue of $55.6 million and experiencing an 11,675.7% growth rate from 2008 to 2011.

TSYS Launches Investor Relations App

TSYS launched its free investor relations app for iPhone, iPad and Android mobile devices, powered by theIRapp. TSYS’ investor relations app allows users to navigate the company’s investor relations materials, receive a stock quote and view other important stock information. The app will also include the latest press releases and SEC filings from the company, along with marketing and background information, videos, audiocast conference calls and presentations. Investors will have multiple ways to be notified when new information is posted to the app, including updates through Facebook, Twitter and e-mail.

EcoScraps Receives $250,000 Grant from Chase and LivingSocial

EcoScraps sustainable, organic, chemical- and manure-free lawn and garden products received $250,000 from Chase and LivingSocial as part of the “Mission: Small Business” grant program, designed to increase awareness of the important role small businesses play in local communities. EcoScraps no-chemical alternative soil products and has been able to quickly expand and reach a wide variety of consumers. Participating small businesses from across the country were evaluated based upon their applications which were required to demonstrate a feasible growth plan, creativity, overall passion for their business and the potential to make a positive impact within the local community. A panel of small business experts reviewed nearly 70,000 applications from small businesses across the country and enlisted support from 3.1 million consumers who each voted for their favorite small businesses, for which EcoScraps was one of 12 companies selected.

CFSI Study Shows 15mm Consumers at Risk with SDC

The Center for Financial Services Innovation (CFSI) released a new study that uncovers reasons consumers use harmful small-dollar credit products, highlighting the need for better high-quality credit solutions. Having surveyed over 1,100 small-dollar credit (SDC) consumers, plus an additional 500 non-SDC consumers for comparison, the study suggests an estimated 15 million consumers used at least one SDC product in the past year; 59% of surveyed SDC consumers had only a high school education or less, compared to 45% of non-SDC consumers polled; and 27% of SDC consumers had a credit card, compared to 61% of non-SDC consumers. The top three reasons identified for funds shortage included living expenses consistently more than income, bill or payment due before paycheck, and unexpected events such as emergency expenses or income drops.

Grant Victor’s Ranks on 500|5000

Grant Victor’s and eGlobal were ranked in Inc. Magazine’s 500|5000, a 2012 ranking of the nation’s fastest-growing private companies. Grant Victor had a three-year growth rate of 151% and was also ranked No. 96 among the Financial Services industry. had a three-year growth rate of 127% and was also ranked No. 105 among the Financial Services industry while eGlobal had a three-year growth rate of 107% and was also ranked No. 117 among the Financial Services industry. The median growth rate of 2012 Inc. 500|5000 companies remains 97 percent, despite a lagging economy.

U.S. Bank Launches New Business Visa Charge Card

The U.S. Bank Business Visa Charge Card pay-in-full card is designed to give small businesses a way to build their business credit, manage their cash flow and earn cash rewards on all their purchases. With no monthly or annual fee, benefits of the U.S. Bank Business Visa Charge Card include no interest charges or revolving balances because customers pay in full every month; ability to build a business credit profile; 25-day monthly grace period for owners to pay their bill; up to one percent cash back on purchases; 24/7 domestic call centers with dedicated U.S. Bank small business specialists and zero liability fraud protection.

Chase & LivingSocial Award 12 Small Businesses $250K

Chase and LivingSocial announced the 12 small businesses that will receive grants of $250,000 each through “Mission: Small Business” grant program. To increase awareness of the important role small businesses play in local communities, “Mission: Small Business” is supported by the U.S. Chamber of Commerce. Moreover, nearly 70,000 small businesses registered and 3.1 million while consumers showed voted for their favorite small businesses. Participating small businesses from across the country were evaluated based upon their applications which were required to demonstrate a feasible growth plan, creativity, overall passion for their business and the potential to make a positive impact within the local community. Chase will offer grant recipients access to a Chase Relationship Manager who will provide guidance for utilizing the grant efficiently and effectively. Chase and LivingSocial also partnered with the U.S. Chamber of Commerce to help announce the program and drive small business engagement and participation.

Cleartouch from Fiserv Sees Popularity Growth

Fiserv announced that six financial institutions have recently chosen “Cleartouch” from Fiserv for account processing. Related solutions for this service include online banking, risk management, check capture, mobile banking, document imaging, card production, bill payment and accounting. These institutions include Mansfield Bank, a $372-million bank headquartered in Mansfield, Mass; The Home Building & Loan Company, a $43-million bank in Greenfield, Ohio; Kennebec Federal Savings & Loan Association in Kennebec, Maine; Magyar Bank, headquartered in New Brunswick, N.J.; Webster City Federal Savings Bank, a $91-million bank in Webster City, Iowa; and Winchester Savings Bank in Winchester, Mass.

Delinquency Lows Show Record-Breaking Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Delinquencies for U.S. credit card ABS fell for the 30th straight month for unprecedented positive performance, according to Fitch Ratings. After peaking in January 2010 at 4.54% delinquencies currently stand at 1.82%, five basis points above the record of 1.78% set in August 1994. Additionally, the Fitch Prime Chargeoff Index is…

Discover Offers Cardmembers Google Wallet Solution

Discover is partnering Google to offer cardmembers means to input their credit card directly into Google Wallet by logging into the online Account Center at This will give Discover cardmembers the ability to tap and pay for purchases in-store in conjunction with the Google Wallet application on a compatible NFC smartphone and make purchases online. Cardmembers using Google Wallet to pay for items with their Discover card will continue to earn Cashback Bonus® rewards. The credit card will automatically sync to the Google Wallet application for those that have a compatible NFC smartphone.

Fifth Third Bank Launches EMV Chip Technology for Commercial Cards

Fifth Third Bank launched its Europay, MasterCard, Visa (EMV) compliant chip for commercial cards that will allow business clients to authorize transactions more efficiently while traveling abroad and help improve the security of international transactions. This new offering will help commercial card users facilitate authorizations in Canada, Europe and other countries that are EMV-compliant and help reduce the risk of counterfeit and stolen cards through more secure chip and Personal Identification Number (PIN) technology. Fifth Third’s new EMV chip card has a microprocessor chip programmed according to the global EMV standard for offline processing between the card and the terminal in a secure manner. The EMV-compliant chip card is available as part of Fifth Third Bank’s Commercial Card solutions.