American Express announces the opening of The Centurion Lounge in New York LaGuardia Airport, the latest in a series of American Express lounges opening in the United States.
Jack Henry & Associates announced the availability of jhaEnterprise Workflow™, the fully automated workflow solution that streamlines and standardizes financial institution-defined business processes involving multiple steps, individuals, groups, departments, and systems. jhaEnterprise Workflow supports virtually any process that can be performed with a series of consistent steps. It automatically routes assignments based on established credentials, permission levels, and staff availability while enforcing established approval processes. Automated workflow supports immediate updates to business processes which expedites the ability for financial institutions to respond to evolving regulatory requirements with the ability to immediately update impacted business processes. jhaEnterprise Workflow generates material operating efficiencies; reduces operating redundancies, costs, and risks; improves staff productivity; and reduces labor requirements.
Primax debit and credit card issuing and merchant acquiring programs, products and services entered into a payments card processing service agreement with First Data. Primax closed on the transaction to acquire the processing business of New England Bankcard Association Inc. (NEBA), a Massachusetts-based association of banks that provided credit card issuing and merchant acquiring programs, products and support services for its members. The Primax acquisition of NEBA processing consolidated the current processing and servicing business of NEBA into Primax and the processing agreement, which was previously between NEBA and First Data, is now between Primax and First Data.
RewardsNOW upgraded its online merchant funded rewards program. The upgrade reflects the evolving nature of the market for online shopping and is the first of many exciting changes that are planned for RewardsNOW’s merchant funded rewards program. RewardsNOW is partnering with Massachusetts-based, Azigo, Inc., in offering this enhanced merchant funded platform. Azigo’s online shopping platform offers consumers access to over a thousand national online retailers, yet makes it easy for them to customize the ShoppingFLING program to suit their own shopping preferences. It will soon introduce even more merchant funded program capabilities such as increased and targeted in-store and local merchant offers available through Shop Main Street local merchant rewards program.
Jack Henry Banking division announced Brookline Bank has selected its SilverLake core processing system to provide enterprise-wide automation. The company will implement SilverLake and more than 13 of Jack Henry Banking’s integrated complementary solutions, including the jhaPassPort ATM and debit card transaction processing platform and iPay Consumer Online Bill Pay, through the company’s outsourced offering. Brookline Bank will initially implement an array of Jack Henry Banking’s complementary solutions including StreamLine Platform Automation® – Deposits™; StreamLine Platform Automation® – Loans; Vertex Teller Automation System™; Vertex Teller Capture™; components of the jhaPassPort™ ATM and debit card transaction processing platform; NetTeller Online Banking™; iPay Consumer Online Bill Pay™; goDough® mobile banking; Cognos 8 BI™ business intelligence and enterprise reporting; Synapsys® sales, marketing, and customer service solution; Yellow Hammer Fraud Detective™; Yellow Hammer BSA™; and components of the Synergy™ Enterprise Content Management (ECM) solution.
Application Security (AppSec), database security, risk and compliance solutions for enterprises, announced a critical update for its ” AppDetectivePro” products for auditors and IT advisors and to its “DbProtect” in response to the Massachusetts Data Privacy Law 201 CMR 17 effective March 1, 2010. AppSec has developed a policy available via free download that will help customers ensure they are in compliance with new Massachusetts state regulations affecting all organizations that own, store, license, process, transmit, receive or handle Massachusetts residentsâ personal information (PI). The downloadable policy will allow automated assessment of the database and includes a MA 201 CMR 17 compliance checklist, complete with detailed guidance on how to configure specific settings within Oracle, Microsoft SQL Server, IBM DB2, Sybase, MySQL and Lotus Notes/Domino to ensure compliance with the law. If you are currently using DbProtect or AppDetectivePro go to: http://www.appsecinc.com/solutions/mass201 to download the Mass 201 policy. AppSec provides database security, risk and compliance (SRC) solutions for the enterprise.
Online Resources, provider of online financial services, has launched a downloadable application for PeoplesBank customers to access mobile banking and payment services through the iPhone. The Massachusetts-based $1.5 billion asset bank is now one of fewer than 50 U.S. financial institutions that currently offer the iPhone application through the App Store or iTunes. An extension of Online Resources retail and business Internet banking and bill payment services, the new iPhone application allows users to view account balances, transaction history, schedule same day transfers, pay bills, and send and receive secure in-session messages. PeoplesBank customers simply register online for mobile access and download the iPhone application.
MA-based Mutual FSB and Bay State Savings Bank have signed contracts
with Fifth Third Processing Solutions for electronic funds transfer
Fifth Third will also provide gateway access, ATM and debit card
processing and ATM terminal driving. There are nine Mutual Bank
locations and 10 ATMs in Southeastern Massachusetts,
Bay State Savings Bank holds $300 million in assets, has eight offices
and 7 ATMs.
Chicago-based Card Activation Technologies has filed its seventh major lawsuit over alleged infringement of its patents covering the activation and processing of its gift cards. The firm says it has dispatched more than 400 letters to other retailers advising them that they are violating the Company’s patent. Card Activation Technologies says their broad gift card process patents have been valued at $3.7 billion. The latest victim is TJX Companies which was sued in the U.S. Federal Court in Chicago this month. Card Activation has pending lawsuits against Sears, Walgreen, Barnes & Noble, Aeropostale, and OfficeMax. Card Activation claims its patents cover technology currently used in processing debit cards, gift cards and phone cards. The company began trading on the OTC Bulletin Board in mid-October. AZ-based MedCom USA formed Card Activation as a subsidiary one-year ago. The “MedCom Renewable” card system patent was created by MedCom USA as part of its card building technology endeavors in the 1990’s. The patent covers the technology and process for taking a card with a magnetic strip or other data capture mechanism and activating the card by downloading a determined monetary value onto the card for use at a later date for different types of transactions. New View Technologies, which was acquired by MedCom USA in December 1996, developed the patent and all patents were assigned by New View Technologies to MedCom. (CF Library 9/15/06; 10/15/07)
MA-based Salem Five Bank has introduced “Cash-Back Debit Rewards” program offering 0.25% back for PIN debit transactions and 0.50% back for signature debit transactions. For each debit card transaction, Salem awards customers a percentage of their monthly debit card purchases. The percentage paid is doubled for signature-based transactions when the customer chooses “credit” at the point of sale. The cash rewards appear automatically on customers’ monthly statements. The “Salem Five Cash-Back Debit Rewards” program requires either a Star Checking or Gold Star Checking account. New accounts and existing Star Checking and Gold Star Checking customers are automatically enrolled. The Bank has also enhanced its ATM Reimbursement offering. Through the Bank’s new Unlimited ATM Reimbursement program, customers can use any ATM in the world and Salem Five will reimburse the fees charged by the bank that owns the ATM. There is no limit to the amount or the number of ATM reimbursements. Salem Five operates 17 branches in Massachusetts with $2.4 billion in assets.
Massachusetts-based Utix Group has been granted a patent for a magnetic strip payment process for one-time admission or access to sports, recreation, leisure or entertainment activities or events. The Utix pre-paid experience ticket system operates as a magnetic strip payment process for one-time admission or access to sports, recreation, leisure or entertainment activities or events. Utix issues its proprietary technology and co-branded prepaid experience products to the business-to-business industry and retail marketplace.