Dollar Bank has implemented WAUSAU Financial Systems’ “Deposit 24/7 Mobile” mobile remote deposit capture solution from its Deposit 24/7 Suite. The bank has seen great success, processing nearly 2,500 deposits totaling $500,000 through the solution. A 2011 Celent study notes that approximately 80 percent of surveyed financial institutions are considering a mobile RDC solution, but as a Javelin and USAA study shows, many aren’t taking action. Despite the benefits of the technology for all parties and its “must have” status to keep up with consumer demand and achieve cost savings, several of the 10 largest U.S. financial institutions still aren’t offering mobile RDC to customers. WAUSAU is currently expanding its “Deposit 24/7 Suite” to provide the small and mid-tier business markets a receivables hub that accepts checks and electronic payments for ACH and credit card.
Fiserv, a leading global provider of financial services technology solutions, announced that Fiserv associates in communities across the country, are delivering toys for the holidays and giving back by volunteering and supporting organizations in their local communities and around the world. In the U.S., Fiserv is supporting the U.S. Marine Corps Toys for Tots drive in 12 cities: Brookfield, Wis., Hickory, N.C., Hillsboro, Ore., Houston, King of Prussia, Pa., Lake Mary, Fla., Lincoln, Neb., Norcross, Ga., Phoenix, Ariz., Sioux Falls, S.D., South Bend, Ind. and Wallingford, Conn. The U.S. Marine Corps Toys for Tots is a national, nonprofit program that collects new, unwrapped toys and distributes these toys as Christmas gifts to underprivileged children in the community in which the campaign is conducted.
American Express OPEN, the small business division of the financial services company, recognized three small business owners. Award winners present at the event are being recognized in the categories of Government Contractor of the Year, Woman Contractor of the Year and Teaming Contractor of the Year. Nominees for the VIP awards were selected in collaboration with partners, Business Matchmaking (www.businessmatchmaking.com), Women Impacting Public Policy (WIPP) (www.giveme5.com) and SCORE “Counselors to America’s Small Business” (www.score.org). The winners are Contractor of the Year awarded to Jennifer Bisceglie of McLean; Woman Contractor of the Year awarded to Charlene Turczyn of Springfield, IL-based CMW and Associates Corporation, a federal consulting firm providing professional services to the federal government in the form of information technology, construction management and e-learnings. Revenues from government contracting in 2010 are estimated at $5.9 million; and Teaming Contractor of the Year awarded to Judy Sheppard of Vienna, WV-based Professional Services of America.
Dean Seifert has been appointed Senior VP, Network Development â North America with eWise, provider for NACHAâs Secure Vault Payments (SVP) Network. In his role he will oversee strategic market growth of the SVP network and leading the sales team to drive adoption through both financial institutions and merchants. An active inventor with more than 45 issued and applied patents in payment systems, hardware design and engineering, biometrics and authentication systems, Seifert most recently served as the Group Executive for Sales, Client Relations and Marketing at TSYS. Before this he was with Western Union as the GM & VP, Global Business Payments online international B2B payment service after he served for Product Development at First Data Corporation.
Travelocity, American Express and Barclaycard US revealed the five lucky consumers who were awarded once-in-a-lifetime trips to Chile, New Zealand, South Africa, Switzerland and Orlando in the “Travelocity Rewards” American Express Card Sweepstakes via Webcast. Wrapping up the promotion, which ran during the summer to celebrate the launch of the “Travelocity Rewards” American Express Card issued by Barclaycard US, the winners were selected to travel to such destinations as Santiago, Chile; Auckland, New Zealand; Cape Town, South Africa; Zurich, Switzerland; and Orlando, FL. Additionally, they will be outfitted with their own Travelocity Roaming Gnome and digital camera so they can document their trip and share photos on the Travelocity website. The “Travelocity Rewards” American Express Card carries an annual fee of $39 and awards users five points for every dollar spent at Travelocity who can choose from restaurant, groceries or gas to earn an additional two points for every dollar spent within their selected category. One point is rewarded for every dollar spent on all other purchases.
DebitFacts.org online educational debit resource announced Pete Herron of Moorestown, N.J., as the “Are You Debit Smart?” video contest grand prize winner. Herron, who shared why his debit card is his preferred form of payment, was awarded $5,000 on a prepaid Discover Card and a one-hour money management session with Judy Lawrence, financial counselor, author of The Budget Kit and founder of www.moneytracker.com. The winning entry received the highest overall scores based on creativity, thoughtfulness, originality, objectivity and entertainment and inspirational value. Reggie Schickel of Charlotte, N.C., was awarded second place, receiving $2,500 on a prepaid Discover Card and consultation with Lawrence while Adam Gruse of Mequon, Wis., was awarded third place, winning $1,000 and also time with Lawrence.
Convio on-demand constituent engagement solutions and PayPal have signed an agreement to allow nonprofits to quickly and easily implement PayPal to collect donations online. PayPal will be a part of Convioâs integrated services, making it simple for Convioâs 1,300 nonprofits to add PayPal to their site and collect donations. PayPalâs nonprofit services include comprehensive reporting tools and discounted rates for 501 charities. Food For The Poor is the number one international relief and development charity in the United States, feeding 2 million people every day, helping children and the poorest of the poor by providing food, housing, health care, education, water projects, emergency relief and micro-enterprise assistance in the Caribbean and Latin America.
DebitFacts.org online educational resource focused exclusively on debit, kicks off the âAre You Debit Smart?â video contest, inviting US consumers from now until July 4 to share success stories related to using a debit card as a preferred form of payment. Contestants could win up to $5,000 on a prepaid Discover Card and a money-management session with a financial counselor. Designed to promote the many benefits of using debit, the contest encourages consumers to highlight why they use their debit card, what they buy with debit, when they use it and much more. Entries will be judged by a panel of experts from the financial and creative fields, for which a second-place prize of $2,500 and third-place prize of $1,000 will be awarded via prepaid Discover Cards. Each of the top three prize winners will also receive personal consultation time with Judy Lawrence, financial counselor and coach, author of âThe Budget Kitâ and founder of www.moneytracker.com. Additional details can be found at http://www.debitfacts.org/are-you-debit-smart/.
A new report from Aite Group reveals that 45% of underbanked customers
pay bills by mail.
The “Impact Report” shows that traditional bill payment methods retain
dominance with unbanked and underbanked consumers. Cards, online
payments, and direct debit have made only small inroads into bill
payments in this market – a market that continues to rely on checks,
cash, and money orders.
The results of the 2009 Harris Interactive/EquiTrend study reveal that
Visa dominates the “Financial Services” category for brand equity.
A brand equity score is determined by a
calculation of familiarity, quality and purchase consideration for each
individual brand. Not surprisingly given the economic situation of the
financial service brands, particularly AIG, joined the ranks of these
weaker brands on the bottom of the list. EquiTrend
provides insight on brands based on six base measures including
familiarity, quality, purchase consideration, brand expectations,
distinctiveness and trust.
Equifax has introduced the “Identity 2.0” suite of consumer protection
products. Equifax’s “Identity 2.0” program builds a pipeline
of products that make online transactions easier and more secure for
consumers and businesses. The “Equifax I-Card” and its enhanced
authentication offering, “eIDverifier”, are two of the company’s
initiatives. The “I-Card” is a digital identity management
solution that lives in a consumer’s digital wallet, containing
information that consumers need to securely conduct online transactions
or verify identity. Consumers can click-in without typing
in a user name, password or other personal information. The “I-Card” is
designed to verify that a consumer’s identity is true, which
can reduce fraud for online merchants, services and destinations. The
“eIDverifier” service presents multiple-choice questions known only to
the consumer, and validates the information against multiple sources.
“eIDverifier” screens for details such as irregular patterns in user
log-ins and data that has been reported as belonging to a deceased
consumer. The software then uses a patented process of assessment and
reason-codes to detect potential fraud and confirm identity.
Loyalty marketer Alliance Data Systems has signed a multi-year
agreement to provide both co-brand and private label credit card services to multi-channel retailer
HSN. Alliance Data will provide a comprehensive set of
private-label and co-brand credit card services for HSN, including account
acquisition and activation; receivables funding; card authorization;
private label credit card issuance; statement generation; remittance processing;
customer service functions; and marketing services.
Alliance Data will partner with HSN to develop cardholder loyalty
programs designed to incent and reward both private label and co-brand cardholders.
Additionally, Alliance Data will provide advanced analytics services geared toward
helping HSN identify, target and acquire high-value customers. Specific services
will include customer segmentation, product affinity, and response modeling designed to target and better engage customers with the HSN brand. The
accounts purchased by Alliance Data generate a portfolio between $100 and $200
million in receivables. with a modest level of
delinquencies and, as such, Alliance Data believes that its performance will be consistent with
traditional expectations. Additionally, all new co-brand and private
label accounts will be consistent with Alliance Data’s traditional credit quality
standards. Conversion of the file is scheduled for the first quarter of 2009.
HSN is an operating segment of HSN, Inc., a company with approximately $3 billion in annual revenues.