Yahoo! Small Business this week launched three new e-commerce packages for merchants that are seamlessly integrated with Yahoo! Web Hosting services.
Electronic Clearing House has released its new “Recurring Payment Manager” service. RPM can process recurring payments from customers with weekly, bi-weekly or monthly payment arrangements. RPM can accept either credit cards or checks as a form of payment and ECHO offers RPM as a free service to merchants who process their credit cards and/or checks through ECHO. The product was successfully beta tested with a number of merchants over a two-month period.
Dallas-based ACE Cash Express is expanding the number of self-service bill-payment machines in MetroPCS locations in Miami, Atlanta, and San Francisco
Chicago-based Harris Bank has introduced two new credit cards and has launched “Harris details Online” for its business customers. Harris is now offering the “Business Rewards MasterCard” and the “No Annual Fee Card.” The “Business Rewards MasterCard” offers business owners one point for every dollar of purchases charged to their card and their employee cards. Employee points are rolled up into the owner’s card. Points earned can be redeemed for travel, merchandise, gift certificates or “MasterCard Bonus Cards.” The new “No Annual Fee Card” applies to both the owner’s card or optional employee cards. With the new “Harris details Online,” business cardholders will be able to manage expenses on a Web-based reporting solution. The site allows clients to view statement information, including new transactions, balances and credit limits, run reports, add or delete cards, and request credit limit increases.
Intuit has signed am agreement to acquire Innovative Merchant Solutions. The Calabasas, CA-based provider of credit and debit card processing services for small businesses has 110 employees. Intuit says that in three years it has attracted 40,000 customers and created a $9 million business with a limited offering. Intuit will retain all IMS employees as well as Joe Kaplan, IMS’ CEO. Intuit had annual revenue of more than $1.6 billion in its fiscal year 2003.
Citibank has launched Hablando de Credito (“Let’s Talk About Credit”) on its Spanish-language Web site for Hispanic Americans. Hablando de Credito dispels common “credit myths” and empowers adult Hispanics with all the essential resources and straightforward information necessary to take control of their finances and credit. The cornerstone of this credit education effort is a free, easy-to-use Spanish-language website, http://www.CuidaTuCredito.com.
Houston-based Texas P.O.S. has inked a deal, through ScanSource, to resell NCR “RealPOS” workstations and peripherals to the restaurant market. Texas P.O.S. has been providing point-of-sale solutions for ten years throughout the Gulf Coast area and in other parts of the United States. The company delivers a turnkey installation that includes software integration, wiring, programming, training, equipment installation and live standby coverage.
Fiserv’s Credit Union Industry Group has added a new, integrated cross-selling capability for its “CUBE” and “CUBEOL” core-processing products, and also has renewed agreements with five longtime credit union clients. The five credit unions – Seattle Metropolitan Credit Union, MIDFLORIDA Federal Credit Union, Tech Credit Union, Animas Credit Union and Colorado Springs Credit Union (CSCU) – have been CUIG clients for an average of almost 18 years each. The renewal agreements include other related information technology services, including ATM and POS debit and credit card services, audio response services, Virtual Branch(R) electronic banking, and Open Loan Interface, which enables clients to use any third-party loan origination system or Web-based application.
FleetBoston has deployed six check-cashing machines to process payroll checks for non-customers in three pilot sites in Connecticut and Massachusetts. The “Paycheck Anytime” machines from Diebold, cash “on-us” payroll checks, to the penny, written against the accounts of Fleet commercial customers. To conduct transactions, consumers are issued a “Paycheck Anytime” card with a PIN. The service is free and Fleet is offering a $5 bonus reward automatically added to each of the first four payroll transactions conducted by participants. The “Paycheck Anytime” uses Diebold’s self-service terminals equipped with an “Intelligent Depository Module” and a coin dispensing module. Fleet is using Diebold Transaction Services’ real-time “WEB” interface to enroll check cashers, perform transaction research, download management reports, and check the current status of the check cashing terminal.
Atlanta-based PDG Software has integrated VeriSign’s “Payflow Link” with its “PDG Shopping Cart”. Integration with VeriSign’s Payflow Link is the latest example in PDG Software’s continuous efforts to add value to its already feature rich e-commerce and shopping cart software products, and it provides customers with an efficient and affordable credit card and check processing solution.
The Los Angeles County MTA has gone live with Cubic’s new self-service, multi-language ticket vending machines on the new Metro Gold Line rail service, which opened over the weekend to serve commuters traveling between Los Angeles and Pasadena. The new Cubic vendors are part of the $84 million contract awarded by the MTA to the company last year for a new smart card-based automated fare collection system that will be operational throughout the city in 2005. The Universal Fare System equipment will link to a single smart card nearly all of Los Angeles County’s transportation services, including MTA subway, light rail, bus and bus rapid transit, as well as municipal bus operators, including Long Beach, Norwalk, Culver City, Torrance, Antelope Valley, Norwalk, Santa Clarita, Montebello and Foothill Transit, plus Metrolink, the county’s commuter rail operator.
Fair Isaac is acquiring CO-based NAREX, a specialist in analytic solutions for collections and recovery, for $10 million cash. Fair Isaac says NAREX’s solutions and expertise will give the Company the added ability to drive businesses’ late-stage collection and recovery strategies. The NAREX operation will continue to operate from its Golden, CO, location under the Fair Isaac name, operating within Fair Isaac’s Global Account Management Solutions division. Using artificial intelligence-based, proprietary technologies, NAREX builds custom and non-custom scoring solutions, optimization models, debt evaluation services, and other offerings to improve collections and recovery results. In 2002, NAREX introduced “UniScore,” a complete Web-based score package that prioritizes accounts for optimum recovery performance.