American Benefit Plan Administrators (ABPA) has entered into a multiyear agreement to convert its claims payment operations to FIS’ healthcare claims payment and remittance management system, “Claim Pay/Claim Remit.” ABPA completed implementation of the first phase of the conversion on July 1, 2010 and intends to complete the next phase by early 2011. FIS’ “Claim Pay/Claim Remit” system provides the process, security and technology to help clients such as ABPA efficiently and cost-effectively coordinate both paper and electronic payment and remittance distribution through a single processing and reporting interface.
Hancock Bank has launched its mobile banking through NCR’s multichannel platform. Offering Hancock Bank customers a consistent brand and user experience across mobile, online and ATM channels, NCR “APTRA” Mobile Banking offers mobile access via a web browser or text banking service. The Bank anticipates that most customers will bank on their smart phone using the Hancock Bank-branded application downloaded directly to their phone, 60% of whom bank on an iPhone or Blackberry device. Additionally, 79% of U.S. consumers would choose one financial institution over another based on the ability to better control when and how they bank while 26% globally have changed financial institutions at least once in the past five years in order to gain access to m-banking.
Credit Sesame online tool that helps control credit and save money with smarter loans has launched to help people make better choices about their own credit and debt. Using technology and analytics previously only available to big banks, Credit Sesame creates 5,000 scenarios to find the best-suited loans for each user and lets people apply directly for those loans online. Credit Sesame finds that the average homeowner can save up to $600 each month by simply optimizing their current loans. Credit Sesame’s easy to use website only takes a couple of minutes to register for and gives a lifetime of benefits. Consumers get a complete picture of their debt and credit in a way they can use and understand. Users learn what is good and bad about their situation, and receive unbiased advice on how to improve their financial picture instantly with pre-qualified, objective and forward looking options online.
Travelocity, American Express and Barclaycard US revealed the five lucky consumers who were awarded once-in-a-lifetime trips to Chile, New Zealand, South Africa, Switzerland and Orlando in the “Travelocity Rewards” American Express Card Sweepstakes via Webcast. Wrapping up the promotion, which ran during the summer to celebrate the launch of the “Travelocity Rewards” American Express Card issued by Barclaycard US, the winners were selected to travel to such destinations as Santiago, Chile; Auckland, New Zealand; Cape Town, South Africa; Zurich, Switzerland; and Orlando, FL. Additionally, they will be outfitted with their own Travelocity Roaming Gnome and digital camera so they can document their trip and share photos on the Travelocity website. The “Travelocity Rewards” American Express Card carries an annual fee of $39 and awards users five points for every dollar spent at Travelocity who can choose from restaurant, groceries or gas to earn an additional two points for every dollar spent within their selected category. One point is rewarded for every dollar spent on all other purchases.
Ralph J. Andretta has been named Global Affinity Products and International Card executive, Bank of America. With this, he will oversee the bankâs affinity credit card and deposit products portfolio as well as its international credit card businesses. Most recently with American Express as executive VP and GM of Card Member Services, which he initially joined in 1993, Andretta managed the companyâs Membership Rewards program and has had extensive experience in its global operations, including serving as the chief financial officer for the companyâs European business. He began his career as the director of finance for Clarkstown, New York in 1983, after which he joined Ernst & Young in 1986.
The CRE Secureb PCI-validated payment acceptance service is now fully integrated with First Data Global Gateway. This secure payment solution feature the HTML Clone design, redirecting online consumers to a PCI-compliant, hosted payment page that mirrors the brand and design of a merchantâs trusted website. Since visually consumers feel like they never leave the merchantâs site, online merchants are able to maintain greater levels of branding continuity for their customers when processing âcard not presentâ transactions. This empowers First Data Global Gateway merchants to better protect the investment in their websiteâs design, reduce abandoned carts and maintain potentially expensive PCI compliance.
Canadian-based EnStream has partnered with Western Union global payment services to allow its “Zoompass” users to send cross-border and domestic money transfers directly from their mobile phones. The “Zoompass” solution provides Canadians a way to send, receive and request digital currency within Canada using their mobile phones. With the Western Union partnership, users will be able to send funds directly from their mobile wallets while recipients can pick up their funds in cash at more than 380,000 Western Union Agent locations in 200 countries and territories. Zoompass users also will be able to send mobile-to-mobile transactions to subscribers of mobile phone companies with whom Western Union has launched the Mobile Money Transfer service.
Canadian-based EnStream has partnered with Western Union global payment services to allow its “Zoompass” users to send cross-border and domestic money transfers directly from their mobile phones. The “Zoompass” solution provides Canadians a way to send, receive and request digital currency within Canada using their mobile phones. With the Western Union partnership, users will be able to send funds directly from their mobile wallets while recipients can pick up their funds in cash at more than 380,000 Western Union Agent locations in 200 countries and territories. Zoompass users also will be able to send mobile-to-mobile transactions to subscribers of mobile phone companies with whom Western Union has launched the Mobile Money Transfer service.-The Western Union Company (NYSE: WU), a leader in global payment services, and EnStream LP, creators of the Zoompass Mobile WalletÃ¢ÂÂ¢, today announced a strategic alliance that will allow Zoompass users to send cross-border and domestic money transfers directly from their mobile phones.
Bank of America is ahead of schedule on its 10-year, $20 billion business initiative focused on addressing climate change launched in 2007, comprised of hundreds of transactions throughout the world. Through June 2010, Bank of America has directed $8.4 billion through lending, investing, capital markets activity, philanthropy and the company’s own operations
in 45 states, the District of Columbia, Canada and markets across Asia and Europe. The 2010 report provides an update on the company’s progress toward its environmental goals, commitments and activities for $2.2 billion in equipment financing for energy efficiency projects and renewable energy projects in solar, wind, biomass and biofuel technologies for both utilities and end users; $102 million in transactions that have financed emission reductions in the global carbon markets; and $21 million in philanthropic support for nonprofit organizations focused on addressing climate change and other environmental opportunities.
Heartland payments processor has been named a top technology innovator for the fourth year in a row by InformationWeek, ranking among the top 200 companies on the InformationWeek 500. Heartland was namely honored for its “E3” end-to-end encryption technology designed to protect sensitive credit and debit card data from the moment of card swipe or key entry and rendering information useless to cybercriminals in the event of a compromise. E3 charges no extra fees or large equipment investment. Since commercially launching E3 on May 24, 2010 at the National Restaurant Association-Hotel-Motel Show, 4,478 Heartland merchants have adopted the technology, demonstrating the commitment business owners across the country have made to securing sensitive data.
Kiwi Collection is set to deploy the “Strangeloop” Site Optimizer to high-end travelers and users of the Visa “Luxury Hotel Collection.” With each hotel individually reviewed before being invited to join its selective network, the Kiwi Collection website allows travelers to research and book their hotels online. The site is tailored toward knowledgeable, discriminating travelers, for which the Strangeloop “Site Optimizer” allows average page load times for all visitors a mere 6.4 seconds for a full 3 seconds faster than the 9.4 seconds that it takes for the average Fortune 500 website to load for international visitors.
Jack Henry & Associates technology solutions and data processing services has introduced its “TheWayiPay” standalone version of the iPay P2P e-payment solution. Offered through the recently acquired iPay Technologies division, “TheWayiPay” allows users to send and receive money using their existing accounts through financial institutions’ Web sites for secure processing. Payments can be made using only the recipient’s name and e-mail address, for which money is deducted from the sender’s account and deposited directly in the recipient’s account in one to three business days with payment confirmations sent to the recipient’s e-mail address. It is currently used by more than 2,150 financial institutions and is currently used by more than 533,000 end users of iPay’s consumer and small business bill pay solutions, having supported more than 5.5 million P2P payments including more than 96,000 monthly transactions ranging from $1.00 to over $10,000.