Dallas-based PAYjr has signed the Credit Union Association of New Mexico to offer co-branded prepaid debit cards for teens. Under the agreement, CUANM will offer a “PAYjr CU Succeed Prepaid Card” that provides teenagers flexibility and spending independence while also preventing overspending because it is a debit card rather than a credit card. Money is loaded electronically to the card through the completion of chores, recurring allowances set up by parents, one-time loads or by direct deposits from employers. Cardholders can track and manage their own expenses online, and the PAYjr system also provides SMS text messaging or email notifications to keep parents and teens aware of card activity, including balances and loads to the card. PAYjr provides easy-to-use online tools that help parents teach their children about money management and budgeting. The Credit Union Association of New Mexico is a not-for-profit trade organization that serves the needs of credit unions throughout the state.
First Data has partnered with mobile payment provider, NCS Network, in
an agreement to offer “Crandy” e-commerce and mobile payment services.
The new service currently provides merchants with a mobile payment
system for handling micro-payments and customers with an easy payment
solution. To establish “Crandy” service, the customer calls, requests an
account and their mobile number, essentially, becomes their “Crandy”
account number. As a result of the payment solution, on-street ticketing
and vending merchants stand to gain revenue as consumers use the mobile
payment option over cash. Furthermore, the service reduces merchant and
consumer transaction costs because of transaction routing efficiency.
Also, Banks and other issuers can offer services to merchants and
consumers. “Crandy” currently serves 360,000 consumers in Europe.
First Data serves 4.9 million merchant locations and 1,900 card issuers.
Intuit’s Digital Insight will release “Personal FinanceWorks and Small Business FinanceWorks” online banking products. “Personal FinanceWorks” will let users manage all of their monthly bills and obligations on their bank or credit unionÃ¢Âs online site, regardless of the method used to pay bills. This will help customers meet their monthly obligations, reduce late fees and ensure healthy credit ratings. Customers will also be able to see the cleared balance as well as their “Real Balance”, which includes checks written and upcoming scheduled bills and deposits as well as view and customize spending reports that show users where they are spending their money.
Pay By Touch and TX-eBank Systems have formed an alliance through which eBank will market and sell Pay By Touch’s “Paycheck Secure” service to its existing customer base of more than 30 community banks and financial institutions as well as new prospects. “Paycheck Secure” enables a person to cash checks using a simple finger scan to authenticate their identity. To enroll new customers, banks digitally scan the consumer’s government-issued photo I.D., take an electronic photograph and capture two fingerprints, creating a unique customer profile for each individual. At subsequent visits to the bank, the customer need only place his/her finger on the scanner to safely and securely cash payroll and government checks. Currently, more than 3 million consumers are using “Paycheck Secure” in 2,000 retail locations across 41 states. e-Bank Systems is a technology and core service provider. Pay By Touch is the global leader in biometric authentication, personalized marketing and payment solutions.
Grocery chain Shoprite is now accepting “ExpressPay” from American Express at over 200 of its locations in New Jersey, New York, Connecticut, Pennsylvania and Delaware, making it the largest deployment of ExpressPay in the supermarket category to date. “ExpressPay” is a contactless payment option that consists of a secure computer chip powered by radio frequency technology. Most purchases under $25 will not require the customer to sign the receipt. In addition, ShopRite will continue to accept traditional magnetic-stripe payment cards. American Express was the first issuer to launch contactless cards nationally with the rollout of “Blue” from American Express with the ExpressPay feature in June 2005. ShopRite supermarkets are members of Wakefern Food Corporation, a retailer-owned cooperative.
KY-based iPay Technologies has announced a partnership with IN-based Bradford-Scott Data Corporation, enabling Bradford-Scott’s credit union clients to offer their members bill pay services using the “iPay” bill payment platform. iPay Technologies provides online bill payment solutions and direct support to more than 1,100 financial institutions. Bradford-Scott Data distributes the “Sharetec System” from Sharetec Systems and is a provider of core data processing systems for credit unions.
Denver-based PaySimple has entered into a partnership with Buz Software, enabling businesses using Buz Software for customer database management to accept payments via credit/debit card or ACH direct debit when integrated with PaySimple’s virtual gateway. Buz Software is eligible to receive an ongoing revenue share on all transactions processed by its customers. PaySimple completely manages the merchant processing component, absorbs all financial risk, and provides sales and marketing support as well as complete service and technical support for the system. PaySimple is a provider of payment management solutions. Buz Software provides data management software to businesses.
Los Angeles-based Green Dot Financial Network has teamed with EchoStar Communications’ DISH Network satellite TV service to accept consumer payments for DISH Network services. The move will expand payment options for DISH Network and DISH Network’s DishNOW! cash customers by allowing them to pay for satellite TV service using a “Green Dot MoneyPak”. DISH Network customers purchase a “Green Dot MoneyPak” and load a dollar amount onto it. Customers then simply call DISH Network and select “pay with Green Dot MoneyPak” to pay their bill or load a DishNOW! pre-paid satellite system card. Green Dot Corporation is a provider of retail based financial services for America’s underserved community. EchoStar Communications Corporation serves more than 12.46 million satellite TV customers through its DISH Network.
Solid Innovation mobile software & Payment Processing have
introduced a credit card settlement known as “SI”. “Si Credit Card
Settlement” is designed for Si Route Accounting and Si Mobile Sales. The
system caters to distributors who have customers that pay by credit card
and want to receive payment at remote customer sites. Thus, the merchant
does not have to bill them and have outstanding accounts receivable. In
2005, Solid Innovation handled an estimated 800,000 transactions. Their
distributor clients currently visit about 30,000 locations throughout
North America. Payment Processing Inc. supports over 600 software
developers and more than 17,000 merchants with payment solutions. In
2006, the company processed over $3 billion in VISA and MasterCard
Global eTelecom announced that CA-based Pay By Touch will offer their partners and merchants GETI’s check conversion & guarantee products, enabling merchants to accept and process paper checks electronically to add increased value and efficiency. Global eTelecom provides proprietary electronic check processing and gift/loyalty services to over 35,000 merchants nationwide. Pay By Touch biometric services enable 3.5 million shoppers to quickly and securely access personal accounts using a finger scan to identify themselves, make purchases and cash checks at 3,000 locations nationwide.
CA-based Secure Payment Systems has introduced its new Check21/ARC solution branded as “expresscheck21”, a hybrid web-based platform that processes and deposits all types of paper items including business checks into electronic transactions. Using a high speed, multiple check scanner, or a simple, single pass check imager, the checks are processed in the back-office where they are scanned and electronically deposited. Secure Payment Systems provides check services, ACH origination, Web based ACH platforms, and gift & loyalty card processing.
Seattle-based Tully’s Coffee is now accepting Mastercard’s “PayPass and American Express'”ExpressPay” at its 350 branded locations in Washington, Oregon, California, Idaho and Arizona. In addition to this new payment option, Tully’s will continue to accept traditional magnetic-stripe payment cards. Both Mastercard and American Express implement the platform of Chockstone, a strategic payment processing provider.