MoneyGram has acquired Latino Services funds transfer agent, to increase the number of MoneyGram-owned locations. The move brings MoneyGram closer to its consumers in an effort to meet customers’ evolving funds transfer needs. Prior to the acquisition, MoneyGram operated stores in Miami, Florida, and New York City, New York. The purchase of former non-exclusive agent Latino Services, which sends remittances from the U.S. to Mexico and Latin America, will result in 10 new company-operated stores serving Atlanta customers. The acquisition provides an opportunity for the company to test new strategies in an important market.
Q2ebanking secure electronic banking solutions for banks and credit unions throughout the U.S., announced it is opening a second office to support its steady client growth with the resources and additional industry professionals needed to drive further success. Throughout the rest of 2012 Q2ebanking will hire approximately 40 new employees for the Atlanta office, focusing on new product development, implementation and delivery engineers as well as Q&A and customer support engineers.
Jack Henry & Associates’ Jack Henry Banking(TM) division announced Peach State Bank & Trust has selected its “SilverLake” core processing system to provide enterprise-wide automation. This Georgia-based bank, which has more than $146 million in assets, will implement SilverLake through Jack Henry Banking’s outsourced offering.
Allpoint Network, a Cardtronics affiliate and operator of a surcharge-free ATM network, partnered TxVia. This provides an operating system to enable emerging payments and financial services and allows program managers looking to TxVia for transaction processing to open the Allpoint Network to their cardholders, making surcharge-free cash access a reality at over 43,000 ATMs located at America’s most relevant retailers across the United States and beyond. Systems & Methods, Inc. (SMI) was one of the first TxVia clients to enhance their prepaid card programs with surcharge-free cash access for cardholders at Allpoint Network ATMs.
Synovus Bank, the Columbus, Georgia-based, FDIC insured bank, has introduced the new Synovus Mobile Banking, a free mobile banking solution which can be accessed by virtually any mobile device. The solution features iPhone, Android and Blackberry apps as well as text and web browser (WAP) solutions. Synovus Mobile Banking delivers easy, quick and secure banking access via any mobile device, letting users see account balances; recent transactions; funds transfer; pay bills and find branches.
Georgia-based LGE Community Credit Union launched its ‘Design Your Own Card’ card customization service through the Serverside Group. The card program is currently available on personal Visa debit and credit cards although will soon be rolled out to the credit union’s business accounts. LGE Credit Union has marketed the card program through multiple channels, from in-branch and out-in-the-field to brochures, email and online, which allows customers to personalize their payment cards with their own electronic photo image or to choose from a preselected image database.
Ken Paull has been appointed executive VP with ROAM Data independent mCommerce solutions. Paull brings with him an extensive electronic payments industry experience and will be responsible for all sales, marketing and business development functions at ROAM. His previous roles included senior vice president at RBS Lynk (now WorldPay), vice president at Triton Systems and general manager at VeriFone. During his tenure at these three companies, Lynk was sold to RBS ($525M), Triton was sold to Dover Corp. and VeriFone was sold to Hewlett Packard ($1.2B). He is growing what is now WorldPay’s national accounts division while also growing what had been a declining ATM processing business by 500%. At VeriFone, Ken built their direct, major account division which has become one of the largest segments of their business.
First Data Corporation has been recognized as one of the Top 10 Innovative Technology Companies in Georgia by the Technology Association of Georgia (TAG), the association dedicated to the promotion and economic advancement of Georgia’s technology industry. The Top 10 Innovative Technology Company Awards recognize Georgia-based companies for their innovation, financial impact, and efforts in spreading awareness of Georgia’s technology initiatives throughout the U.S. and beyond. In addition to a comprehensive mobile commerce suite that includes mobile vouchers, eGifting and a Trusted Service Manager (TSM) platform, First Data continues to innovate in areas such as prepaid, eCommerce and payments security. These innovations can be quickly delivered to the company’s large global customer base, which includes 6.2 million merchant locations.
Synovus financial services was recently honored with 13 National Awards from the 2010 Greenwich Associates Excellence in Middle Market and Small Business Banking program. These recognitions include Overall Satisfaction, Relationship Manager Performance, Website Performance, Treasury Management, Accuracy of Operations, Customer Service and Product Capabilities. In the Small Business Banking category, Synovus was recognized for Overall Satisfaction, Personal Banking, Relationship Management Performance, Financial Stability, Branch Satisfaction and Treasury Management. In the South Regional segment, Synovus was recognized for Overall Customer Satisfaction and Treasury Management.
Technology Association of Georgia (TAG) has named Cardlytics’ SVP, Rod Witmond, a winner of its 2010 top Marketing Awards. Recognizing Georgia-based technology marketers that demonstrate proven results and a track record of marketing innovation, the TAG Award commends Witmond, SVP, Product Management and Marketing as “Corporate Marketer of the Year” for his work with Cardlytics. He is responsible for driving the company’s branding and marketing, as well as managing the company’s media and analyst relations. Cardlytics has grown its portfolio significantly and is now providing millions of offers to consumers throughout United States through their banking relationships under Rod’s watch.
TxVia processing technology for prepaid and emerging payments has signed an agreement with Carrollton, Georgia-based Systems & Methods, to process prepaid cards utilizing its platform-as-a-service (PaaS) delivery model. TxVia will provide SMI with a custom and segregated processing platform developed, hosted and managed by TxVia as well as supporting services. SMI is a provider of technological services and solutions to state and local government agencies and can now offer its clients a variety of prepaid card solutions. TxVia processes general purpose reloadable (GPR), gift, incentive, government disbursement, payroll and expense management cards for program managers and issuers and offers processing solutions in merchant acquiring and payment network enablement.
NACHA Electronic Payments Association announced that Secure Vault Payments (SVP) will move into full commercialization following a pilot designed to assess the feasibility of SVP. Supported by eWiseâs Online Banking ePayments (OBeP) platform, financial institutions, merchants, billers, payment gateway providers, and core payment processors have embraced SVP as a payment solution. NACHA will continue to serve as the governing body for SVP, creating, maintaining, and enforcing the use of SVP through the NACHA Operating Rules and business rules specific to SVP. eWise, as the exclusive switch operator and technology provider, will oversee all sales, marketing, and implementation activities necessary to fully develop the SVP network. Significant increases in sales and marketing activities have begun with the addition of dedicated sales and marketing teams to drive further adoption of SVP by financial institutions, merchants, and billers.