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.

Wright Express Posts Revenue Up 8%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wright Express business payment processing and information management solutions posted total revenue for 2Q/12 increased 8% to $153.1 million from $141.3 million for the second quarter of 2011. Wright Express uses fuel-price derivative instruments to mitigate financial risks associated with the variability in fuel prices in North America. Average number of…

Comdata Supports Cardless Fuel Transactions

Love’s Travel Stops implemented its RFID cardless fueling technology on Comdata’s financial processing software, in conjunction with DFConnect, at all travel stop locations. More than 100 of Love’s locations will have cardless fueling technology available for professional drivers by the end of August and the entire Love’s network of travel stops will have it available in September. RFID technology automates the fueling process with the use of low-cost RFID tags in professional drivers’ vehicles. The software and RFID equipment are designed to detect a truck’s RFID tags in the fueling lane and turn on dispensers wirelessly, with little or no driver data input. Pumps are automatically turned off by RFID software after a truck leaves the fueling bay, which can reduce fuel theft incidents.

Mvelopes Launches Mobile Payment Service

Mvelopes launched its Mobile Bill Pay service for its iPhone, iPod touch and iPad apps to instantly pay bills and budget while on the go. The Mvelopes Mobile Bill Pay lets users pay bills from multiple accounts and lets users transfer money from one bank to another. Payments and transfers are automatically tracked and forecast for future payment to help users stay organized and on budget. The new Mobile Bill Pay feature integrates seamlessly with the Mvelopes online budgeting and money management solution that uses tried-and-true “envelope budgeting” principles to help users reduce debt, save for the future. The new Mobile Bill Pay Service is now available on the Mvelopes Premium plan for $9.95 per month.

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.