CardWeb.com’s CardConferences today features the HEALTHCARE PAYMENTS INNOVATIONS conference, July 27-28, 2015 at Hyatt Regency Boston.
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
MetaBank’s payment solutions division Meta Payment Systems® recently signed an agreement to partner with hyperWALLET. Providing domestic and international mass payment solutions for corporations, HyperWALLET suits all the bank’s needs. The Sioux Falls-based financial company will become hyperWALLET’s second issuing bank in the United States, issuing corporate payment cards and facilitating ACH payments for their business clients.
Payfont has been awarded £100,000 funding from Scottish Enterprise, helping to fund its online security to counter data theft disasters. The Anonymised, Distributed, e-Commerce Architecture (ADeCA) will protect organisations and their customers by managing distributed data fragments via a contextual security protocol. It makes a user’s data completely unique to that user, anonymous to others. This approach raises the bar significantly against Cybercriminals used to stealing large databases of data records that rely on standard encryption and linear access security methods.Cybercrime and its identity theft and money laundering consequences are now at epidemic proportions globally.The 2014 average data breach cost for a company is US$3.5m, up 15% on 2013.
Fifth Third Bank has launched RevLink Collect, a new patient payment receivables solution for hospitals and healthcare organizations. This offering will help healthcare executives reduce the collection cycle for patient payments and provide more accurate and timely estimates for patients. RevLink Collect, which is part of Fifth Third Bank’s RevLink Solutions platform and healthcare receivables services, enables healthcare organizations to quickly generate and collect patient payments at the point of care. RevLink Collect provides a full suite of payment collection options, including check, cash, credit and debit card, Automated Clearing House (ACH), and payment plans. RevLink Collect also makes it easier for healthcare organizations to manage their reconciliation process by posting payments directly into their practice management systems.
Sage Pay payment services has partnered with One iota Facebook and mobile commerce solutions to allow its customers to extend their ecommerce strategy to mobile and social commerce. A recent report by eMarketer claimed that while ecommerce is set to grow at a cumulative rate of 10.3% over the next four years, social commerce is set to grow at a staggering 93.4% over the same period. The same report claimed that by 2015 nearly 16% of all online purchases will be made through social and mobile commerce channels.
DynamicOps private cloud automation software has closed $11 million in venture funding led by Sierra Ventures. Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its executive team, and Mark Fernandes to its board of directors. With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions. As Chief Marketing Officer, Les Yetton is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications and brings with him over 25 years’ experience leading and building companies in emerging, high-growth markets. Paul Silver brings more than 25 years of experience in expanding high-tech businesses to international markets to the newly created role of VP of Sales, Europe at DynamicOps. Mark Fernandes joins DynamicOps’ board of directors and is focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies and Net6.
Four credit unions recently selected Open Solutions’ “DNA-sme” (Standard Market Edition) as their core processing solution. These include three Danville, IL credit unions; Danville Consolidated Credit Union ($6 million in assets), Education Personnel FCU ($35 million) and New Horizon Credit Union ($10 million), as well as Los Angeles, CA based, Hanin FCU ($20 million). The credit unions chose “DNA-sme” due to their existing, successful relationships with Open Solutions. The “DNA-sme” is an open, flexible core system, built on a strong, centralized relational database, designed to be a full-featured, easily implemented and reasonably priced solution targeted toward the more community-oriented credit union market. Open Solutions provides integrated, enterprise-wide data processing technologies for banks and credit unions throughout the United States, Canada and other international markets.
Stueve Siegel Hanson is investigating unfair and deceptive practices relating to overdraft fees assessed by banks against debit card customers, namely with UMB Bank and Commerce Bank. Banks charge billions of dollars annually in overdraft fees, many of which result from banksâ systematic policy of re-ordering debit card transactions from highest dollar amount to lowest dollar amount so as to deplete the customerâs available funds as quickly as possible while maximizing the number of overdraft fees. Other practices that are the subject of this investigation include charging overdraft fees even in situations where in fact a customer has not overdrawn his or her checking account, charging overdraft fees even in situations where a bank in fact did not pay out more funds than were in the customerâs checking account, and failing to provide accurate account balance information on the bankâs website or at the POS.
Star Micronics has introduced the “TSP100ECO” receipt printer.
The paper-saving functions of the “TSP100ECO” bring an array of
environmental benefits including an automatic default top paper margin
of 1/8″. The TSP100ECO’s “Operator Prompt” enables users to either Print or Cancel the Print Job
depending on whether the customer prefers a printed receipt or not and
allows the receipt to be reviewed or reprinted at a later time.
In addition to reduced receipt paper usage, the “TSP100ECO” is also
equipped with advanced power saving features which allow for less energy
consumption. These features include a new sleep mode option which
enables the printer to use less power when not actively being used.
Star’s ability to reduce the footprint of receipt paper usage, when used
in combination with the advanced power saving capabilities, makes the
TSP100ECO a comprehensive, environmentally friendly POS printer.
Hilton HHonors has teamed with Rewards Network to enable members to register their
credit and debit card for the Hilton HHonors Dining to earn points for each eligible dollar spent.
Once HHonors members register their credit or debit cards at
HiltonHHonors.com/dining, they automatically earn points when they use
that card to purchase a meal at more than 9,500
participating restaurants in the “Hilton HHonors Dining” program.
No additional membership card or fee is necessary and members can
register up to five credit or debit cards including American Express,
Discover, MasterCard, and Visa. HHonors points are automatically
added to a memberâs account when the registered credit card is used at
any participating restaurant. And when registering and using a Citi
Hilton HHonors Visa Signature Card or Hilton HHonors Platinum Credit
Card from American Express members can earn even more points for every
The Network Branded Prepaid Card Association is now entering its third membership year, which
is the final year of the initial three-year NBPCA business plan.
Building upon learningâs in the first two membership years, during the
third year, the Association will evolve its strategy and direction to
continue to drive a positive environment for network branded prepaid
cards. NBPCA has seen the the Association grow to include more than 35
members, a Board of Directors comprised of top industry leaders and two
fully-functioning working groups addressing government and
media/consumer issues. In accordance with the Associationâs three-year business plan, the NBPCA
established measurable objectives for each membership year. Education
and outreach programs are conducted through two working groups, the
Government Relations Working Group and the Media & Consumer Education
Working Group. Anil D. Aggarwalâs three-year Chairmanship will conclude at the end of
the current membership year on June 30, 2009 and Gary L. Palmer has been
appointed Chairman-elect. He will assume the role of Chairman of the
Board on July 1, 2009. After stepping down as Chairman next year,
Aggarwal will remain actively involved as Founder and Chairman Emeritus.
The NBPCA recently launched a search for a permanent President
and Executive Director with the experiences and leadership to help the
Association achieve its potential in the years to come. The search is
being conducted by a search committee appointed by the Board of Directors.