First Data Reports Steady Same Store Transaction Growth Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its First Data “SpendTrend” analysis for the full month of May 2012 compared to May 2011. This tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations. May’s same-store dollar volume growth increased 7.0% year-over-year, up from April’s growth of…

TransCard Targets Hispanic Market in MidWest

TransCard launched the latest of its prepaid marketing programs, a bilingual campaign for the Unlimited Access reloadable prepaid card being piloted by First Bethany Bank in Oklahoma. The Unlimited Access prepaid card addresses the growing consumer demand for a low-cost, straightforward alternative to checking accounts and non-bank transaction; bill-pay and money transfer products. One low flat monthly fee opens the door to Unlimited loads and reloads, Unlimited transactions, Unlimited Access to cash, a suite of online bill-pay and money management tools, 24/7 live bilingual customer service and more. It charges no overdraft fees, no penalty fees and no interest charges. The pilot campaign for the Unlimited Access prepaid card will be equally untraditional and will include branch, field and experiential marketing promotions, supported by a grass roots financial literacy campaign.

CardinalCommerce Partners Planet Payment

CardinalCommerce Corporation remote commerce and Planet Payment international and multi-currency payment processing services integrated Cardinal’s “3-D Secure” solution with Planet Payment’s “iPAY” multi-currency eCommerce gateway. Cardinal Centinel provides online and mobile merchants with a solution to reduce fraudulent chargebacks, manual reviews and interchange rates. Online customers are asked to enter a PIN code at checkout, which is verified by the bank that issued the credit card. The 3-D Secure program is supported by Visa and MasterCard under the Verified by Visa® and MasterCard SecureCode® branded authentication initiatives. Planet Payment customers can now receive the fraud protection and benefits offered by the 3-D Secure programs.

ReD Recognized as Partner of the Year

ReD fraud prevention and payment services has received the 2012 HP AllianceONE Partner of the Year Award for Innovation, for its ReD PRISM® fraud prevention solution. The award recognizes ReD for its approaches to solving a customer problem by delivering solutions that drive meaningful business results for customers. PULSE ATM/Debit has adopted the ReD PRISM monitoring and risk management system, combining dynamic neural network technology, rules-based strategies and intelligent data-mining for very rapid detection of fraudulent transactions. The PRISM solution monitors PIN and signature debit transactions at the point-of-sale and ATM transactions for PULSE and, without impact on the customer experience, will offer a level of real-time decision-making and fraud prevention that was previously unavailable.

Rev Launches Underbanked mAccount Solution

Rev Worldwide global payment company for underserved markets launched “RevCOIN” international mobile payments solution allowing businesses of any size to accept credit/debit cards and gain access to capital instantly, without the need to have a bank account. It offers a free app; prepaid business debit card; and credit/debit card reader operating on the iPhone (iOS) and Android mobile platforms. The “RevCOIN” solution also provides a comprehensive and streamlined mobile payments platform allowing users to fully process transactions, and instantly access funds without a traditional bank account required. The mobile payments solution allowing any business or entrepreneur to start accepting payments the same day their account is set up, RevCOIN card reader not required. With RevCOIN merchants can accept payments one minute and the next put the money they collected to work paying bills, buying supplies or even paying employees with their virtual and/or physical business debit card, allowing for instant access to funds.

Vantiv To Present At The William Blair Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced that the Company will be presenting at the William Blair Growth Stock Conference on Wednesday, June 13, 2012 at the Four Seasons Hotel in Chicago, Illinois. The…

NetSpend to Partake in William Blair Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NetSpend Holdings, a leading provider of general-purpose reloadable (GPR) prepaid debit cards and related financial services, today announced that executives will be presenting a company overview at the William Blair 32nd Annual Growth Stock Conference at the Four Seasons Hotel in Chicago on June 13, 2012, at 8:00 a.m. Central Time.…

Westshore Processing Launches Open Source POS

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Businesses that are in need of POS but do not have an expansive budget can now use open source POS provided by Westshore Processing. Open source POS is free, easy to use, and becoming increasingly popular with many businesses worldwide. For most businesses, using open source POS is one of the…

Fiserv to Present at William Blair Stock Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv, a leading global provider of financial services technology solutions, announced that its President and Chief Executive Officer, Jeffery Yabuki, will present at William Blair’s 32nd Annual Growth Stock Conference on June 13, 2012 at 9:20 a.m. CDT. The conference will be held at the Four Seasons Hotel in Chicago, Ill.…

AmEx Vice Chairman to Participate in Morgan Stanley Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Vice Chairman, Edward Gilligan, will participate in the Morgan Stanley Financials Conference in New York, on Wednesday, June 13, 2012, at 12:40 p.m. (ET). Mr. Gilligan will participate in a question and answer session relating to the Company’s results and strategies. A live audio webcast will be made available…