Datacard Group secure ID and card personalization solutions has made available its “Datacard SD360” two-sided card printer to help primary and secondary schools improve ID card issuance programs. It offers faster print speeds and a user-friendly interface designed to help schools streamline their day-to-day operations and create safer environments. Exclusive features include Datacard “TruePick” anti-jam card handling for reliable operation as well as “TrueMatch” color matching for bright colors and bleed-free bar codes and text. The “SD360” printer is ENERGY STAR certified and sets new standards for environmentally conscious desktop printing by utilizing biodegradable ribbon supply cores and recyclable packaging.
OKI Data Americas has received the BERTL’s “4-Star, Highly Recommended” award for the MC361 and MC561 Single Pass Color digital LED multifunction printers. The award follows extensive testing and technical evaluation of OKI Data Americas products by BERTL, an independent testing laboratory whose purpose is to provide objective, independent product evaluation reports and comparative analysis on imaging devices and software workflow solutions. BERTL has identified the MC361 and MC561 models as a good return on investment (ROI) for buyers. Some of the key highlights in the BERTL reports include:
HD Color printing technology for outstanding print and copy quality
Standard 50-sheet reversing automatic document feeder (RADF)
Multi-tasking functionality standard, enabling two tasks to be performed at once
Full-featured fax with dual access functionality and 4MB fax memory
Multiple scan to locations: PC, network, FTP, e-mail or USB memory stick
Banner printing capability on sheets up to 52″ in length
Separate CMYK toner cartridges for lower cost of operation
Compact design to fit in the smallest environments
ENERGY STAR® compliant
Bank of America has amended previously filed call reports for 2009 and 2010 for its FIA Card Services subsidiary thanks to changes to processes covering legal entities implemented in 2010. The amendment covers all eight quarterly periods from 2009 and 2010 and is in call reports filed with the Office of the Comptroller of the Currency and the FDIC, is thanks to a deteriorating credit quality and the adverse impact from The CARD Act on Bank of America’s credit card operations in 2009. It involves a non-cash, non-tax deductible charge related to a $20.3 billion goodwill impairment at FIA, which has now been recorded for that legal entity for the first half of 2009. Included in the amended call reports was the reversal of a $10.4 billion writedown of goodwill taken at FIA during 2010. Bank of America recorded a $10.4 billion impairment in the carrying value of the goodwill of Global Card Services in the third quarter of 2010 as previously reported.
Swanson Health Products has added eBillme online payment method, allowing shoppers who prefer cash to credit cards a way to pay securely without releasing any financial information, and is the first to do so on the CWDirectorder management platform. When shoppers choose the option at checkout, their order is confirmed with a bill sent to their e-mail address. Consumers simply pay the bill the same way they pay utilities, loans, insurance, and other bills, either through their online bank account or at one of over 75,000 walk-in locations. Every purchase made using eBillme offers buyer protection features, including satisfaction guarantee, best price, and fraud protection in addition to a cash-back rewards program for shoppers to earn up to 5% cash-back on purchases.
Maas Global Solutions Corporation (MGS) has partnered and is investing in the PRIDE Payments Network and will now provide its processing for the PRIDE Virtual POS Terminal. Namely, MGS will provide PRIDE technological and intellectual capital to expand into the global marketplace and offer its merchant clients PCI/HIPAA-compliant integrated gateway connection via a virtual terminal; acceptance of all major debit/credit cards, eCheck/ACH and electronic processing of paper checks; a processing engine for any type of alternative payment transaction; real-time transaction reporting analytics to drive a merchant’s future sales; and smaller merchants an integrated, inexpensive and secure processing platform to stay competitive. PRIDE is built on expertise gained through First Data personnel.
SwiftKnowledge web-based business intelligence (BI) software is deploying its “SwiftKnowledge for Banking On Demand” cloud computing-based suite. This will help banks identify and manage risk; enhance customer insight; and improve product, pricing and channel efforts. The “SwiftKnowledge for Banking On Demand” platform offers pay-as-you-go pricing, fast deployment, support of industry standards, reduced in-house IT support requirements, and out-of-the-box integrations with major banking core processors. It also provides greater visibility so bankers can better predict, prevent and respond to critical opportunities or challenges. It integrates with any core or ancillary banking system, and provides the key BI applications needed to run today’s finely tuned bank.
Ceridian Stored Value Solutions (SVS) has kicked off its “Easy Loyalty” card-based consumer loyalty program, giving merchants the opportunity to launch a loyalty program with little or no change to their POS, using existing SVS gift card integration. Easy Loyalty is a fast, effective way for SVS clients to launch a loyalty program that drives incremental spending from existing customers, and acts as a new customer acquisition tool. Providing the tools to launch a loyalty program with little effort, “Easy Loyalty” is useful for Retail Gift Cards; VISA/MasterCard Prepaid Debit Cards; Incentive Programs; Promotional Cards; E-commerce Solutions; and Inventory Management.
Fathead.com now offers the eBillme purchasing options for the shoppers whom prefer to pay with cash. The eBillme platform lets shoppers choose the option at checkout and pay their bill through their online bank account or at one of over 75,000 walk-in locations. Every purchase made using eBillme offers buyer protection features, including satisfaction guarantee, best price, and fraud protection in addition to a cash-back rewards program for shoppers to earn up to 5 percent cash-back on purchases.
Bank of America has been recognized as the most valuable banking brand in the world, according to the fifth edition of BrandFinance Global Banking 500. The report details how proactive marketing strategies and an improving domestic consumer banking market have seen the U.S. regain its place as the world’s financial capital, and with it, Bank of America increased in overall brand value by 15% to $30.6 billion. Founded in 1996, Brand Finance has performed thousands of branded business, brand and intangible asset valuations worth trillions of dollars.
The U.S. Fund for UNICEF selected BankServ’s “Mobilescape” mobile payment devices to process transactions at a variety of events over the past year and make a donation using a credit or debit card. A receipt is also provided to donors and the record of the donation is immediately accessible to accounting staff through Mobilescape’s web portal. The U.S. Fund for UNICEF supports child survival, protection and development worldwide through education, advocacy and fundraising. The U.S. Fund for UNICEF first introduced the Mobilescape solution in December 2009 at its annual Snowflake Ball, and noted an immediate improvement in the ease of collecting and accounting for donations made at the events.
mPayy secure online and mobile debit payment network is the exclusive payment processor for Philanthroper, a daily deal site that allows users to donate $1 to vetted nonprofits. The site showcases a new nonprofit “deal” every day, spanning across arts, education, animals, environment, human rights, and health. Philanthroper is advertiser supported and does not take any cut from user donations, for which mPayy offers a secure transaction for users with only a one percent transaction fee for every dollar donation. With this, mPayy allows users the ability to securely and conveniently create a link to their own bank account. Personal information including four unique security questions is collected and sent with Triple DES encryption. The user’s bank information is run against mPayy’s massive database for verification, and if confirmed the user can begin donating immediately. IL-based mPayy is a multi-channel, electronic, alternative payment company that provides a highly secure, easy-to-use, flexible and efficient alternative payment solution.
Bank of America reported second-quarter 2010 net income of $3.1 billion, compared to net income of $3.2 billion a year ago, driven by lower credit costs. Bank of America agreed to sell its equity position in MasterCard, resulting in a pretax gain of approximately $440 million to focus on its core businesses and strengthen capital ratios. Its Global Card Services net income increased $2.4 billion compared to a year ago due to declining credit costs reflecting continued improvement in the U.S. economy; Revenue decreased $401 million from a year ago, driven by lower average loans and reduced interest and fee income primarily resulting from the implementation of the CARD Act, partially offset by the $440 million pretax gain on the sale of the MasterCard position. The division also reported a net loss of $9.9 billion due to the $10.4 billion goodwill impairment charge and would have otherwise reported net income of $529 million, compared to a net loss of $955 million a year ago.