Boardwalk Fresh Burgers and Fries has implemented Cardagin Networks Mobile Relationship Management (MRM) platforms to power the company’s mobile customer loyalty and rewards program. With this agreement, Cardagin will produce the first-to-market customized enterprise version of its highly successful MRM platform for Boardwalk. Boardwalk Ventures, LLC., will lead the program roll out exclusively in Southern California and Texas stores this year to complement the brand’s coast-to-coast expansion beginning at the end of July in Hermosa Beach.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card performance continues to excel as delinquencies are hitting record lows to an 18-year record low of 1.78%. The June charge off rate of 1.89%- meanwhile- is the second lowest ever recorded and he chargeoff index is down to 5.09%. Given this, charge-offs are not expected to top 6%…
MasterCard Advisors released its SpendingPulse index in partnership with Wells Fargo indicating June spending at small retailers was up 8% from the year ago figure, higher than the overall U.S. retail growth rate of 6.9%. Each MasterCard SpendingPulse for Small Business report includes information about current retail sales (excluding autos and gasoline), year-over-year growth in total retail sales (excluding automotive sales), as well as views with and without food services. The report provides valuable information for all stakeholders who support or work with small businesses, including merchants who sell to small retailers, advertisers, and economists.
TSYS completed master services agreement, with a minimum six year term, with Bank of America to provide processing services for its consumer credit card portfolios in the U.S. and will continue to process Bank of America’s commercial credit card portfolios in the U.S. and Internationally. For this, Bank of America will utilize TSYS’ “TS2” core payments engine and its customized processing solutions to include risk and financial management and business intelligence delivered through a dedicated support team. TSYS currently processes Bank of America’s commercial and small business card portfolio on its TS2 platform, and that relationship will continue under the new agreement, and plans to complete the conversion of Bank of America’s consumer card portfolio from its in-house processing system in mid-2014.
Elan Financial Services partnered to deploy the Edward Jones MasterCard personal and business credit card products and services. The “Edward Jones MasterCard” lets cardholders earn Loyalty Points for net dollars spent that can be redeemed for travel, merchandise, gift cards, charitable donations or ChoiceInvest. ChoiceInvest is a new option which allows clients to redeem points for cash that may be directly deposited into their Edward Jones account.
Dynamics next-generation payment cards has been certified as a payment card production vendor for the MasterCard payment network to offer consumers a battery-powered MasterCard-branded card. This will provide spending, security, and personalization options. Dynamics has pioneered the creation of battery-operated payment applications that integrate full computer architectures, which may include buttons and displays, into the cards to provide new features.
i2c payment processing and emerging commerce solutions issuing processing platform, MCP, now processes payment transactions for consumers in 216 countries and territories. MCP is a global payment processing platform from which companies can launch and manage card-based, virtual and mobile payment products. The company, which is certified with Visa and MasterCard for global processing, most recently helped clients in Latin America & the Caribbean, Africa and Asia go to market with new payment products. Last month i2c announced plans to bring a new data center online in Shanghai, China.
Experian information services launched its “Smart Collect 24/7” online collections portal. Giving creditors a quick, secure and easy way of interacting with customers in arrears, “Smart Collect 24/7” uses technology developed by Intelligent Environments and gives banks, retailers and other providers the ability to provide their customers with the tools to manage their arrears, securely make payments, set up direct debits and create payment plans through internet enabled devices.
AlphaPoint Technology Data Center Infrastructure Management and IT Asset Management solutions through its “AssetCentral” has acquired SoftPay Solutions. The “AssetCentral” solution uses an SQL database for storage, on-demand content generation, hyper-linking and cascading style sheets to create a highly customizable visualization tool for managing IT assets. This enables integration with real-time power management, auto-discovery, RFID, temperature sensors, and network and system monitoring tools. AssetCentral™ provides “drill-down” asset modeling, capacity planning, change management and business reporting functionality for today’s complex data center environments. Meanwhile, SoftPay’s solution includes an “on-line billing system”, which enables merchants through their own control panel and dashboard to view daily profits, run transaction reports, and to manage customer databases, subscription billing, invoicing and customer notifications using various email tools.
Evolution1 electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts announced Robert Deshaies will join the company as executive vice president. Deshaies will partner with Evolution1 execs to deliver a world-class Partner experience and will be responsible for further accelerating growth and increasing the presence of Evolution1 in the market. He will oversee human resources, sales, focused business development, marketing, revenue, and public relations. He brings more than 25 years of industry and Partner model experience to Evolution1.
CreditKarma.com consumer credit advocate launched its its “Credit Karma Mobile” free iPhone app. Offering free credit scores and free credit monitoring on-the-go, Credit Karma Mobile users may also register for free credit monitoring and receive notifications when certain events are reported in their credit report. This service is unique to CreditKarma.com and has never been offered before in an app. Credit monitoring services help consumers monitor and identify possible fraud. According to the Bureau of Justice Statistics an estimated 8.6 million households had at least one person in their family who was a victim of identity theft in 2010. It also gives the option for consumers to receive free notifications when certain events are recorded and a “Credit Report Card” to disclose factors influencing the credit score.
Panini global payments solution provide launched several initiatives to assist financial institutions with successful implementation of teller image capture (TIC). Through these programs, financial institutions have access to hardware, software and services from Panini’s Continuous Innovation Portfolio. These include the Panini “Avantor” for the management of check scanners deployed throughout an institution, including branch deployments. Panini Avantor is designed to be flexible, scalable, and adaptable, allowing financial institutions to configure the solution based on their unique teller capture requirements. Panini also released a new white paper “TIC Best Practices: A Branch Perspective” that provides critical information related to best practices for successful TIC implementations.