CardWeb.com’s CardData database of Company Profiles today features HyTrust.
PSCU has announced that Community 1st Credit Union has joined the nation’s leading CUSO after an extensive partner evaluation process. The credit union, which currently has more than 55,000 members, $530 million in assets, and 16 locations in 14 cities, signed a five-year deal with PSCU.
Fiserv and the University of Connecticut School of Business announced that Fiserv is participating in the university’s Financial Accelerator Program to help educate students and foster innovation. UConn MBA students are now collaborating with area business leaders from Fiserv and two of its clients, the Savings Bank of Danbury and Greylock Federal Credit Union, to explore how financial institutions can attract and serve Gen Y consumers using state-of-the-art banking technology. This also introduces UConn MBA students to the DNA™ account processing platform from Fiserv. DNA is a modern, enterprise-wide software platform that is relied upon by hundreds of banks and credit unions, including Savings Bank of Danbury and Greylock FCU, for transaction processing, data management and customer relationship management. DNA offers a unique development toolkit – DNAcreator™ – that allows users to create seamlessly integrated applications called DNAapps™ that extend the platform in new and powerful ways. At the conclusion of the Financial Accelerator Program, UConn students will present a business case for creating a new DNAapp that DNA users like Savings Bank of Danbury and Greylock FCU can use to enhance the millennial banking experience.
The top global provider of financial services technology solutions, Fiserv had an extremely busy 2013 with tons of new deals, product upgrades and new products. New products include ConnectedTeller, CorPoint Mobile, Biller Advantage, Model Management: Reporting, FATCA Manager, Mobiliti Tablet, and LoanComplete Delivery Manager. GAAP revenue for 2013 was $4.81 billion compared with $4.44 billion in 2012. Adjusted revenue was $4.55 billion for the full year compared with $4.15 billion in 2012, an increase of 10%. Here are 95 points of light in Fiserv’s 2013, presented by CardWeb.com
Chase Card Services and Marriott Rewards launched the “Marriott Rewards Premier Visa Card from Chase,” charging no foreign currency transaction charges on international purchases. Holders do not pay the 2.5% foreign currency transaction charge, after the exchange rate conversion is applied, on purchases outside of Canada-in person or online. The card also offers cardholders the ability to earn accelerated Marriott Reward® points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status. “Marriott Rewards Premier Visa Card from Chase” cardholders will earn 5 points per $1 spent at over 3,500 Marriott locations; 2 points for every dollar spent on car rentals, dining, and airline tickets purchased directly with an airline; and 1 point per $1 spent on all other purchases.
Six credit unions recently signed new contracts for single-sourced, comprehensive processing services with Vantiv integrated payment processors. Vantiv will provide ATM and debit card transaction processing, ATM driving, card production and network gateway access, in addition to strategic consultation and guidance to credit unions helping them to acquire and retain members, build loyalty and increase revenue while creating payment efficiencies.
Chase Blueprint asked an O, The Oprah Magazine reader panel how they will be spending this year, indicating a watchful eye on their holiday budgets. According to the survey, three in five (59 percent) respondents are planning to spend the same amount or more this holiday season than last year. On average, respondents plan to spend $594 on gifts this holiday season. Meanwhile, two-thirds of respondents (66 percent) “look forward” to shopping for gifts this holiday season. To save money this season, 59 percent plan to use coupons or look for last minute sales, while nearly a quarter (22 percent) bought most of their gifts during Black Friday or Cyber Monday. Additionally, more than three in 10 respondents will create a holiday shopping budget (36 percent), spend less money per gift (35 percent) or buy gifts for fewer people (31 percent). When it comes to the tradition of holiday parties, nearly one-third (28 percent) of respondents will host a holiday or seasonal party this year. On average, these party hosts are setting their party budget at nearly $300, with more than two in five (44 percent) planning to spend $100 to $249 on the party and more than a quarter (26 percent) planning to spend $250 to $499. For those hosting a party, the average number of party invitees is 19 people with nearly a third (27 percent) planning to invite five to 10 people and 46 percent planning to invite 11 to 20.
American Express OPEN announced FedEx Freight, Microsoft Store and Dunn & Bradstreet Credibility have the OPEN Savings program as partners. As partners, they will save 5% on all freight services; 5% on purchases made at www.microsoftstore.com and Microsoft Store retail locations; 5% on all transactions with the company, including generating D-U-N-S numbers and credit monitoring services at DandB.com. American Express OPEN Cardmembers just use their credit or charge card for purchases with any OPEN Savings partner to take advantage of discounts, which automatically appear on the monthly statement.
PayNearMe cash transaction network announced the City of Fairfield, California municipal utility will offer its customers the ability to pay their bills with cash at local 7-Eleven stores through its network. Made possible through its partnership with InfoSend, Fairfield will implement PayNearMe’s “Embedded Barcode Remittance” (EBR) technology for those who prefer to pay their bills in cash, as well as the more than 60 million adults who are unbanked or underbanked. The PayNearMe “EBR” technology, along with InfoSend, offers a unique barcode directly onto each City of Fairfield utility bill. The customer can then go to any local 7-Eleven where their bar code is scanned at the register. They complete the transaction by paying in cash and the funds immediately post to their accounts.