Fiserv announced the launch of E-bill Introduction, a new feature within the widely used CheckFree® RXP® payment suite. E-bill Introduction offers consumers an opportunity to receive electronic bills (e-bills) via their online banking service for an introductory period during which they also continue to receive paper bills in the mail. Pilots of the feature conducted with five financial institutions delivered solid results, with consumers enrolled in the pilot activating three times more e-bills than consumers who were not enrolled. E-Bill Introduction utilizes a 90-day introductory period to enable consumers who already pay their bills electronically to experience receiving e-bills at their financial institution firsthand. During this 90-day period the consumer receives an e-bill via online banking and a traditional paper bill in the mail. Following the trial period consumers can opt to continue receiving e-bills and turn off their paper bill, or the e-bill will be discontinued and the consumer will continue to receive a paper bill.
Wright Express Corporation value-based business payment processing and information management solutions forged agreements with PaySpan healthcare payments and reimbursements processors, to bring its single-use virtual payments solutions to the healthcare industry. With more than 25 years of payments expertise, PaySpan, Inc. is a trusted source of innovative healthcare reimbursement solutions that Empower the Healthcare Economy™. PaySpan provides financial networking and reimbursement solutions for more than 100 healthcare payers, 335,000 providers and 4,000 financial institutions. PaySpan’s customers represent an elite array of industry leading Commercial and Government health payers representing many diverse benefit types for more than 50 million members. For more information, visit www.PaySpan.com.
NCR Corporation is showcasing the importance of its technology for customer loyalty and service at the Unified Grocers 90th Annual Expo June 20 and 21 at the Long Beach Convention Center in Long Beach, Calif. NCR’s grocery software suite, including NCR Advanced Checkout Solution (ACS) for independent retailers, NCR Advanced Back Office (ABO) and NCR Advanced Marketing Solution (AMS) will take center stage at NCR’s booths, 257 and 258, at the expo.
Mobile payments provider Text2Pay announced that participating dating websites will now be able to use the Text2Pay mobile payment platform to sell virtual gifts and dating goods to their users – easily and securely. The iDate conference will be held on June 20-22, 2012 at the SLS Hotel in Beverly Hills, CA. The conference also coincides with the Social Media Conference, also taking place in Beverly Hills on the same days. Those that register to one event are able to attend both.
Chase Card Services forged a partnership with Pandora radio service to bring summer-themed music to listeners from June 20 to September 4. In addition to 14 new summer-themed genre stations, listeners can experience the “Sapphire Summer Sounds” radio station, which brings the Chase Sapphire brand to life in an easily accessible playlist. During the launch of the partnership on June 20, Pandora listeners will enjoy a full day of limited interruptions and more music with only one advertisement per hour on the Pandora web platform, courtesy of Chase Sapphire.
ii2P, a leading provider of help desk productivity optimization and secure password management solutions, products and services, announced the widespread availability of the company’s new mobile POS payment platform. ii2P’s comprehensive on site payment solution is specifically designed to enable the processing of WIC EBT cash voucher benefits, SNAP (Supplemental Nutrition Assistance Program) benefits, as well as commercial debit and credit cards for Farmers’ Market Associations (FMAs) across the state of Texas and the United States. The ii2P POS solution for state government administered programs is designed specifically for farmers’ markets and temporary, outdoor venues that may lack readily available electricity, and have limited telephone access.
Oberthur Technologies completed its acquisition of the mobile payments company MoreMagic. This partnership will create a comprehensive suite of mobile commerce and financial services solutions including a secured mobile wallet infrastructure and NFC end-to-end offer. This will help mobile operators, financial institutions and other non-telecom service providers to offer innovative services such as P2P transfers, mobile banking, proximity and remote payments. MoreMagic’s offer will be part of Oberthur Technologies’ solutions portfolio and will be available through its global sales network.
Global ATM software company, KAL, launched the Retail Teller Machine (RTM): a revolutionary cashless ATM which is set to transform branchless banking forever. Operating at one tenth of the cost of bank ATMs, RTMs do not dispense cash. Instead they print a unique voucher which is then exchanged for cash inside the same store. The retailer is immediately compensated by the RTM which executes a back-to-back transaction. This remits the dispensed amount into the retailer’s bank account. Running the same software as ATMs, the RTM provides a full range of banking services and even includes the ability for the customer to video conference with a bank call center.
The Multos Consortium announced Discover Financial Services, in partnership with Diners Club International, has joined its organization. The MULTOS Consortium is a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications. With this, Discover will participate in the MULTOS Business and Technical Advisory Groups, allowing them to play a prominent role in the development and growth of MULTOS.
Fiserv announced that SAC Federal Credit Union has chosen to implement its “Acumen” account processing solution, along with its “Nautilus” for document imaging, “Prologue” Financial Accounting Services, “AML” Manager for anti-money laundering detection and reporting, “WireXchange” and solutions for ATM processing from Fiserv. SAC FCU is the largest credit union in Nebraska. Over the past several years, the credit union has grown rapidly and is now serving more than 70,000 members through a variety of channels, including 20 locations in eight counties. The credit union selected Acumen to provide the technology foundation for the credit union’s information infrastructure in order to improve efficiency, facilitate the delivery of new services and provide a superior experience to its members. Acumen is the newest choice in account processing for credit unions from Fiserv and features an open architecture, advanced functionality and superior ease of use, plus the ability to cost-effectively scale as credit unions grow.
Square launched new features today for Square Register and Pay with Square that further deepen the relationship between buyers and sellers. Square allows business owners to create rewards programs that both attract new customers and make existing customers return, again and again. With more than two million individuals and businesses able to accept credit card payments with Square across the United States, Square is focused on providing the tools people need to grow and manage businesses. Square Register users are five times more active on a weekly basis than Square Card Reader users and they process approximately 2x more revenue. Square’s latest offering will allow participating merchants to give regular customers VIP treatment starting with the first visit. Customers will be able to store cards from their favorite Square businesses and keep track of progress towards rewards.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services posted a net income of $537 million in 2Q/12, down from the year ago figure of $600 million. Total loans, however, grew $4.5 billion by 9% to $57.1 billion, of which credit card loans grew $1.6 billion to $46.6 billion. Credit card loan delinquencies and net charge-offs reached…