RBC introduces Express Mobile for business customers to view balances and/or transactions for their business deposit accounts; transfer funds between accounts; approve payments and transfers made by other users; and find an RBC Royal Bank branch or ATM.
Virtual Piggy, Inc., provider of Oink, today announced that it has partnered with the European Games Group to provide a safe, seamless payment technology for their games, including Hero Zero, across their 16 million user base. Oink is a mobile-first payment technology designed to allow retailers and game publishers to reach consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. The award-winning technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions -and can be enhanced with parental controls.
HybridPayTech mobile payment space selected Vodafone’s global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience. HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions.
StubHub ticket marketplace launched its comprehensive loyalty rewards program, StubHub “Fan Rewards,” offering rewards for eligible purchases plus the opportunity for unique fan experiences and complimentary seat upgrades. Fans across the country can sign up for StubHub Fan Rewards online and start earning rewards on their next purchase. Similar to rewards programs in the travel industry, StubHub Fan Rewards offers perks and benefits to frequent users of StubHub.com. The program is the result of customer feedback from the company’s most frequent users and StubHub’s continued commitment to rewarding brand loyalty. The rewards program offers the Star and Superstar levels, letting users earn 2% in rewards for each eligible purchase and- once they reach $10 in rewards, they become eligible for a $10 FanCode to use on any future StubHub.com purchase.
Visa expanded its “SavingsEdge” program for automatic discounts on qualifying small business expenses, which now includes more than 1,600 financial institutions and 39 participating merchants and is now available to 24 million eligible small business account holders in the U.S. Participation in the program is free for Visa small business account holders. Visa “SavingsEdge” automatically processes discounts on small businesses’ qualifying purchases in the form of a statement credit, and provides program performance reporting for merchants. The program provides financial institutions and participating merchants an opportunity to create stronger relationships with their customers.
TIGRA enlisted ATMCASH to help promote its community reinvestment and consumer empowerment in the money transfer industry. ATMCASH leverages MasterCard’s network of 1.5 million ATM machines worldwide to facilitate remittance through such channels as ATMCASH.com and via the phone at 888 ATM-CASH. Immigrants from the Philippines, Mexico, Bangladesh and over 150 other countries, can now securely and economically send money home. TIGRA Accreditation represents ATMCASH’s pledge to provide a transparent and accountable remittance platform -and, for every Remit4Change member that signs up for their service, ATMCASH will reinvest $20 into our community organizations.
Of the total $2.4 trillion in outstanding US consumer debt, total outstanding revolving credit edged up for the first time this year by 2.9% to total $796.1 billion. This was strikingly coincidental with the seasonally adjusted unemployment rate in April, which was up for the first time since November to 9.0% for a difference of…
Small debit card issuers, including community banks and credit unions, on average expect a 73% decrease in debit interchange revenue as a result of pending interchange fee rules. While these issuers with less than $10 billion in assets are exempt from the regulations proposed by the Federal Reserve Board, they are critical of the interchange cap and skeptical that the exemption will be effective.This, according to the 2011 PULSE “Debit Issuer Study,” also shows 54% of regulated institutions and 27% of exempt issuers report they are evaluating additional fees or reducing benefits. Exempt issuers report they are considering reducing rates on high-yield checking accounts, eliminating ATM fee rebates and charging account holders for the service of having a checking account.
MoneyGram International is leveraging its ICC partnership for the ICC World Cup 2011 championship by launching the MoneyGram “Cricket for Peace” program across South Asia. The multi-country, multi-language consumer initiative will be launched across nine cities in Bangladesh, India and Sri Lanka. The “Cricket for Peace” initiative is a theme-based music contest that links cricket with world peace and invites music -and cricket-lovers across the three world cup hosting nations to create music compositions that depict how cricket can foster the spirit of world peace. The MoneyGram “Cricket for Peace” finale will take place a day before world cup final match in Mumbai on April 1, 2011.
Societe de Transport de Montreal has chosen Oberthur Technologies smart card solutions to supply “Opus” contactless cards for use throughout the Montreal public transport network. This will allow Oberthur Technologies to deliver e-ticketing smart cards over the next four years for use on buses, the subway and commuter trains throughout the area and Quebec City. With this, Oberthur will make available automated fare vending machines or points of sale at which the user can be recharge the smart cards. Fully compliant with the Calypso international e-ticketing standard for smart cards, providing a contact and contactless interface, the cards are made of highly durable “PET-F” plastic.
Societe de Transport de Montreal has chosen Oberthur Technologies smart card solutions to supply “Opus” contactless cards for use throughout the Montreal public transport network. This will allow Oberthur Technologies to deliver e-ticketing smart cards over the next four years for use on buses, the subway and commuter trains throughout the area and Quebec City. With this, Oberthur will make available automated fare vending machines or points of sale at which the user can be recharge the smart cards. Fully compliant with the Calypso international e-ticketing standard for smart cards, providing a contact and contactless interface, the cards are made of highly durable “PET-F” plastic.
A new survey has found that two-thirds of Americans consider themselves
as “good” or “very good” money managers. Nearly 60% have cut back on
discretionary spending and 41% of consumers have trimmed their credit
card spending. The new study by Javelin Strategy & Research found that
Americans have been forced to get smarter about managing their money and
nearly 8 out of 10 consumers polled have adopted a money management
system. The report shows that in the past 90 days, three to five times
as many Americans took defensive steps to cope with the financial pain
versus those with an improving financial outlook. Javelin found that 35%
struggled to continue saving, 28% cut back on buying basic goods and 23%
said they found it harder to pay off their credit card bills each month.
Surprisingly, 50% of consumers still use old fashioned pen and paper
techniques to track finances by hand.