The artwork of high school students Traeveon Reese and Martha Estrada will soon appear in the wallets of thousands of debit cardholders in north Texas. The aspiring artists’ designs are being featured on the new Spirit Debit Reward cards, offered by Texas Trust Credit Union.
The board of directors and senior management of Suncoast Schools Federal Credit Union, the largest credit union in the state of Florida, chose to pursue the state charter conversion vote to enable the credit union to serve all residents of 17 counties located near or along the west coast of Florida. This change will allow Suncoast to enhance its presence in and commitment to their communities that it currently serves. VR Election Services facilitated the vote to ensure integrity in the process.
Fiserv, a leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, announced today that Suncoast Schools Federal Credit Union (FCU) of Tampa, Fla. has selected the Acumen® account processing solution from Fiserv with in-house delivery. Credit union leaders cited the solution’s open architecture, ability to…
Kohl’s Department Stores has entered into a purchase agreement to build a new e-commerce distribution center in DeSoto, Texas. Kohl’s will close on the agreement once the building process is complete. As part of the company’s continued growth, the site was selected for its proximity which will enable the company to better serve Kohls.com’s Central and Midwest customer base. This is in response to Kohl’s having experienced more than a 50% e-commerce sales increase in 2010, and expects sales on Kohls.com to reach $1 billion this fiscal year.
A California payment systems executive has formed a new entity to help businesses cut payment card processing fees. Adam Pflaumer, who spent 15 years in the merchant services industry including president of a top merchant service provider, has created EP Consulting. Pflaumer says businesses that have retained its services have experienced anywhere from $150 to $1,500 per month in savings. EP will pinpoint a processor’s break even cost; identify attainable target savings; renegotiate with existing processor; provide specific information on future best pricing; and deliver expert advice with no out-of-pocket expense.
Pay By Touch’s “BioPay” has signed a deal with 13 Mobil Gas Station Wallis Convenience Store locations in Central Missouri.
A study by the Information Policy Institute and Experian has pegged the “credit under served” market in the U.S. at 35 million Americans with nearly 18 million consumers with credit files too thin to score and another 17 million that have no credit files at all. The study found that the majority engage in activities that can be thought of as “credit-like” such as payment of rent, utilities and auto insurance. While serious negative information from these transactions is often reported through collection agencies, positive information such as on-time payment is not. The Information Policy Institute focuses on all issues pertaining to the regulation of information. Experian provides information, analytics, decision-making solutions and processing services with more than 50,000 clients and annual sales exceeding $2.5 billion.
Dallas-based TNB Card Services has purchased the credit card portfolios of Best of Iowa CU, Advantage Plus FCU in Idaho, and Bluebonnet FCU and Texas FCU, both in Texas. TNB has bought more than 55 portfolios since it began the agent issuer program in late 2002. TNB Card Services, provides full-service credit and debit card processing, as well as an agent issuing solution for credit unions nationwide, serving more than 450 financial institutions and managing more than 1.6 million cards.
Fair Isaac and Experian have teamed to launch a new data delivery and decisioning service that combines Experian’s “Notification Services” with Fair Isaac’s “TRIAD.” With the “ActiView” service, monitored accounts are “triggered” by one or more events that indicate the need for action, such as the serious delinquency of a tradeline or the opening of a new tradeline. When a customer’s account is triggered, a notification is generated and sent to the lender’s “TRIAD” customer account management system through the “ActiView” service along with additional data, such as a refreshed “FICO” score. The information is then applied by the system’s strategic decisioning capabilities to refine customer treatments and immediately implement the most appropriate account actions — such as changing credit lines or cross-selling to existing customers.
GA-based GO Software has scheduled its first annual “Security & Emerging Technologies Conference” for November which will examine card association security programs. The two-day conference will feature industry experts from American Express, Discover, Federal Bureau of Investigation, MasterCard, Visa, and IHL Consulting. Speakers will discuss issues relating to electronic payment security and emerging technologies. GO Software, Inc., is a chief provider of POS payment processing software. More than 125,000 businesses use GO Software’s solutions to process payments.
Experian is rolling-out a new credit-based prospecting and account management system. New capabilities include: improved bottom line results by transforming the way lenders gain, analyze and act on consumer intelligence; more efficient data integration and processing to maximize campaign performance; the ability to make better informed decisions with the freshest, most accurate data; and, flexibility to provide customized, easily integrated, innovative solutions. The first phase of the project was launched in April to a select group of clients that use Experian prescreen services. Experian will begin to transition all remaining prescreen and account management clients to the new system in early 2005.
Experian has introduced “Collection Advantage” that combines credit-based scoring, consumer contact information, and state-of-the-art analytical services. Designed for maximum flexibility, the all-in-one tool gives users quicker access to critical information for greater productivity and improved profits. Developed with the requirements of collection agencies, in-house collection departments, collection attorneys, and debt buyers in mind, Collection Advantage is delivered to users within 24 hours of ordering via an automated batch delivery. With Collection Advantage, users gain access to industry-specific credit-based scoring models developed by Scorex, Experian’s decision solutions business unit. Experian provides strategic support to organizations around the world.