National ATM Council Asks Senate to Back Elimination of Fees

The National ATM Council wrote to U.S. Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY), asking for their support of Senate Bill 3394, to eliminate the present duplicative and ineffectual requirement for exterior fee notice posting on ATMs. This request follows NAC’s ongoing initiatives in Washington to have this harmful requirement eliminated by the Consumer Financial Protection Bureau (CFPB) and the Congress. NAC has previously filed comments and reply comments with the CFPB, and has actively lobbied key members of Congress to end the current fee sticker law requirement.

Regus Partners United for MileagePlus On-the-Go Production

Regus announced United’s MileagePlus members may earn additional award miles when booking Regus’ range of business services. MileagePlus members earn seven award miles per dollar spent on a new virtual office, meeting room or video communication booking. Five award miles per dollar spent will be earned on new full-time office agreements at any Regus location. United MileagePlus Premier members also receive enrollment into Regus’ Businessworld Gold program, which provides access Regus’ global network of more than 1,200 business lounges in 95 countries.

Unemployment Stagnation Going 7mos Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With 8% the new contemporary standard for the unemployment rate, the number of unemployed persons (12.8 million) in July showed an unemployment rate once again just above 8%, holding steady at 8.3%. After dropping like a rock throughout the fall and winter months of last year, this is unchanged throughout the…

First Data Solution Available to Bank of America Cardholders

Bank of America Merchant Services will offer the First Data “OfferWise” solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform, which integrated the solution into its iDeals Marketing Platform bringing offer creation, distribution and redemption for merchants. The integration of the First Data OfferWise solution through an API developed by CardSpring will allow Bank of America Merchant Services customers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallets to enable automatic redemption of the offer at the point of sale. The customer simply swipes the card at the merchant’s point of sale and the offer is redeemed.

TNS 2Q/12 Revenue Ebbs Slightly

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TNS data communications services posted 2Q/12 total revenue down 3.3% to $136.9 million from the year ago figure of $141.6 million while GAAP net income was $2.3 million, compared to GAAP net income of $1.1 million in 2Q/11. With this, Revenue from the Telecommunication Services Division decreased $0.8 million by 1.0%…

Discover Validates First Data NFC Program

First Data electronic commerce and payment processing achieved Discover qualification of the First Data Trusted Service Management (TSM) solution for its readiness in supporting commercial launches of mobile contactless payment programs. With this, First Data can support financial institutions in the deployment of NFC services on mobile devices. First Data built its TSM solution as a managed service model that allows account issuers such as financial institutions to integrate once with a single interface for access to major NFC-enabled mobile wallets.

BridgePortfolio Extends Contract with Fiserv

BridgePortfolio has signed a five-year contract extension for implementation of the Fiserv suite of Portfolio Management and Trading solutions (formerly known as APLSM). Selected for its leadership and tenure in the industry and the ease of use and scale of its platform, Fiserv technology supports all functions of the wealth management business, from planning, trading, post-trade processing and investor reporting, to fee billing and revenue management. BridgePortfolio is a Back Office Outsource Provider that uses its robust technology solutions for more than 50 advisory firm partners.

Visa to Answer for Swipe Fees to the European Union

Visa Europe is in some hot water today with the European Union for restricting competition and raising prices for consumers with “swipe” fees. This after the European Union has been fighting Visa and MasterCard for ‘exorbitant’ swipe fees the associations charge merchants. Having brought antitrust charges against Visa Europe in April 2009, less than a week after suing MasterCard, the European Union is now anticipating fee reductions for European consumers, which- by the way- are less than one-third of the fees in the United States.

First Data Revenue Down 2% From 2Q/11, Up on 1Q/12

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data posted its 2Q/12 consolidated revenue down $64 million by 2% to $2.7 billion, compared to a year ago on a $92 million decline in debit network fees partially offset by an increase in merchant acquiring revenue. Revenue is however, up slightly from the first quarter of the year, when…

MoneyGram in Search of ‘Ultimate Cricket Fan’

Cricket fansnow have the chance to prove their intense love for the sport and compete to win an all-expense-paid trip to this year’s ICC World Twenty20 (T20) in Sri Lanka. That’s because MoneyGram is conducting a search for the “Ultimate Cricket Fan” to serve as ambassador, reporter and blogger during the matches in September and October. The contest is open to cricket fans in Bangladesh, Canada, India, Pakistan, Saudi Arabia, Sri Lanka, United States, United Kingdom, and UAE. To continue the ongoing commitment of bringing the MoneyGram community closer, MoneyGram will select two lucky and committed fans to travel to Sri Lanka as part of the “Ultimate Cricket Fan” contest. The winner will receive an all-expense-paid trip to Sri Lanka for the T20 games, as well as tickets to all events, a laptop, tablet notebook, digital camera, t-shirts and other memorabilia, and a stipend of $100 per day.