Minneapolis-based Digital River has signed a strategic alliance agreement with Japan’s NIPPON SYSTEMWARE (NSW), an e-commerce solutions providers.
Houston-based Cardtronics has renewed its ATM services agreement with Target. The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001.
Minneapolis-based APG Cash Drawer is introducing new cash recycling technology along with purpose built European products. Feature rich and purpose built for retail, the new technology will effectively serve restaurants, quick serve, supermarkets, c-stores and more.
During the ongoing EMV rollout, card issuers are particularly vulnerable to account takeover fraud because crooks already know there will be an abundance of reissued cards in the mail as a result of EMV technology conversion. Additionally, the costs associated with returned mail may be significant for card issuers.
Minneapolis-based bogopogo launched its new FRAMPLE (Free + Sample) plan providing absolutely free mobile coupon access to all restaurants across the United States to promote their best restaurant deal.
Minneapolis-based Digital River has signed multiple payments agreements with Klarna, a Stockholm-based payment provider. As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway.
Digital River exceeds expectations in the second quarter, continuing to post strong revenue growth. The Company projects third quarter revenue to range between $87 and $90 million. For the full year the Company projects updated revenue to range from $375 to $382 million.
U.S. Bank has introduced the new U.S. Bank Contour Card that gives customers the convenience of a debit card, the control of a bank account and the freedom of cash. Cardholders can open up to five additional card accounts that can be linked to their primary account. Additional cards are an effective and easy way to give money to others such as a teen, nanny or other caregiver or separate personal expenses such as gas, groceries or bills. Cardholders can use Contour anywhere Visa® Debit cards are accepted, get free cash withdrawals at any U.S. Bank or MoneyPass® ATM, and direct deposit paychecks to their accounts at no additional charge.
Target sold its entire consumer credit card portfolio to TD Bank Group for $5.7 billion, part of a seven-year program agreement under which TD will also underwrite, fund and own future Target Credit Card and Target Visa receivables. With the agreement, TD will control risk management policies and oversee regulatory compliance and Target will continue to perform account servicing functions. Target will maintain the current deep integration between its financial services operations and its retail operations. The agreement does not have any impact on Target’s 5% REDcard Rewards program and will have minimal impact on Target’s current cardholders.
U.S. Bank introduced its m-Photo BillPay to its customers, allowing them to set up bill payments by snapping a picture of their bills with their camera-enabled smartphone or tablet. This eliminates the need to manually enter payment information and makes adding or transferring billers and paying bills much quicker. This is the culmination of its partnering with Mitek to bring Mobile Photo Bill Pay™ to its customers.
U.S. Bank and American Red Cross partnered to provide disaster preparedness funding, opportunities for customer contributions, and increased employee volunteer opportunities. This partnership includes an annual commitment of $250,000 from U.S. Bank to help the Red Cross prepare for vital disaster services; the opportunity for customers to contribute at designated U.S. Bank ATMs when disaster strikes and U.S. Bank will kick off Employee Awareness and Preparedness Fairs for its 65,000 employees across the nation throughout the year.
New U.S. Bank FlexPerks Visa are invited to try a new m-payment service called U.S. Bank “Go Mobile,” which allows customers to securely pay for everyday purchases with a wave of their iPhone 4 or iPhone 4S. U.S. Bank is introducing the service in Beta with FlexPerks Travel Rewards Visa Signature account holders before introducing it more broadly in 2013. For this, U.S. Bank FlexPerks customers who opt-in for the service will receive a customized U.S. Bank Go Mobile iPhone NFC case along with their new card, accepted wherever Visa payWave is deployed. U.S. Bank “Go Mobile” ultimately lets customers pay for purchases with their iPhone with their FlexPerks card, even when they don’t have the card with them.