Western Union payment services and UniCredit financial services group inked agreements to offer Western Union’s “Account Based Money Transfer” service (ABMT). This represents the continued commitment to deliver best in class money transfer services across the UniCredit network. Account Based Money Transfer will give UniCredit customers convenient access to the Western Union service via online banking and through any of the 7,800 ATM’s and 4,000 kiosks in the UniCredit network, enabling them to send money from their accounts 24 hours a day, 365 days a year to more than 450,000 Western Union Agent locations.
NCR Corporation posted 4Q/11 revenue of $1.64 billion, up 17% from the year ago period while loss from continuing operations totaled $13 million. Income from continuing operations. Income from continuing operations for the fourth quarter of 2010 included $52 million ($43 million or $0.27 per diluted share, after-tax) of pension expense, a $14 million ($9…
A new service from Cashplus provides consumers with cheaper, transparent and easier to manage alternatives to traditional banking. Its Direct Debit service has a number of unique benefits, such as low balance alerts; instant loans for 50 cents daily; and no penalty fees. Cashplus solutions are geared toward those without bank accounts unable to access the discounts that many companies offer to customers paying by Direct Debit. Cashplus customers who set up and pay a Direct Debit via their Cashplus account will be entered into a prize draw, in which the winner will receive rent or mortgage payment for a year (up to GBP10,000).
Small business owners have more confidence and see growth ahead in 2012, according to the latest Citibank small business survey. It also shows 26% plan to increase their permanent full-time employees during the next year – a 12 point increase from Jan 2011 while 71% plan to keep their workforce the same size. Meanwhile, 22% plan on bringing some seasonal workers on full-time while 44% plan to work more hours and four of 10 are planning to further increase employee productivity. Additionally, 48% are holding steady and “poised to grow when conditions are right” while one-third believe they will be growing rapidly or moderately in 2012.
The Collis Merchant Test Suite offers an all-in-one EMV contact and contactless solution, developed specifically for merchants, processors and acquirers. This combines the strengths of specific Collis software and hardware used for terminal testing worldwide. Specifically built for the North American market, the Collis Merchant Test Suite provides the solution for American Express AEIPS; Discover & Diners Club Acquirer E2E; Interac Terminal Application, Acquirer, and Interoperability Certification; JCB TCI; MasterCard M-TIP and NIV; and Visa ADVT, ADVT-qVSDC, CDET.
Fiserv global provider of financial services technology solutions launched new redemption options for its “UChoose Rewards” program. This supports consumer and small business market segments for both debit and credit card programs, allowing financial institutions to select from merchant-funded, issuer-funded or a blended rewards programs. The “UChoose Rewards” now offers its participants the option to redeem rewards via a new web-enabled, in-store pick-up redemption option. Since launching the UChoose Rewards in-store pick-up option, nearly 30 percent of cardholders redeeming rewards for merchandise at Best Buy choose the in-store pick up option.
MasterCard Worldwide and Silver Tail Systems web session intelligence forged an exclusive relationship to focus on leveraging and creating innovative solutions to help combat online fraud. The companies’ collective expertise will enable merchants to differentiate fraudsters from legitimate consumers in real-time during the online shopping experience. Combining Silver Tail Systems’ technology and MasterCard’s payments experience and insights allow merchants to better spot malware or robotic activity originating from personal computers or smart phones attacking their online payments systems.
Fiserv financial services technology solutions announced new redemption options for its award-winning “UChoose Rewards” program. This supports both consumer and small business market segments for both debit and credit card programs. The UChoose Rewards now offers its participants the option to redeem rewards via a new web-enabled, in-store pick-up redemption option. The in-store pick-up option allows participants to order merchandise online as usual, but instead of waiting for items to be shipped, participants can pick them up at participating retailers.
Ceridian Stored Value Solutions (SVS) innovative prepaid solutions introduced its “Virtual Terminal,” which replaces or can be used in place of a stand alone POS. This application requires no purchase of additional hardware or installation of software for SVS clients, and can be accessed from anywhere using a web browser. The SVS Virtual Terminal is an affordable web-based POS or terminal replacement solution, and supports all retail gift card transactions for integrated SVS clients. This first release of the application processes all standard SVS retail gift card transactions with the ability to issue Branded Prepaid products as well as Third Party products that reside within SVS Galleria.
USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries has extended a ten-year relationship for an additional three-years with Elavon payments provider. The agreement provides USA Technologies with Elavon’s support to continue with its growth plans and reached a milestone along the anticipated path towards profitability. The partnership also provides USA Technologies a solid foundation that will support both improvements in functionality as well as a continued increase in customers, connections and resulting transactions processed on the Company’s ePort Connect services.
Heartland Payment Systems Campus Solutions has been awarded a contract by the Tennessee Board of Regents System to manage financial aid disbursement and refund management with Heartland’s Acceluraid electronic financial aid disbursement product. Available as a standalone solution or integrated with Heartland’s complete Campus OneCard System, Acceluraid simplifies a campus’ refund process by eliminating paper checks, increasing operational efficiencies, and reducing the costs, delays and operational hurdles typically associated with financial aid disbursement. Students also receive a school-branded Discover® prepaid debit card that is issued by Oklahoma-based Central National Bank.
MasterCard Incorporated announced that its Board of Directors has increased the company’s quarterly cash dividend to 30 cents per share, an increase of 100 percent over the previous dividend level of 15 cents per share. The cash dividend will be paid on May 9, 2012, to holders of record of its Class A common stock and Class B common stock as of April 9, 2012. Additionally, the company announced that its annual meeting of stockholders will take place at its corporate headquarters on June 5, 2012, at 8:30 a.m.