Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
The Board of Directors of First Data Corporation announced that Frank Bisignano has been named chief executive officer (CEO) and the board of directors. Previously, Bisignano most recently served as Co-Chief Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the largest providers of banking, lending, treasury, wealth management and investment services that serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, nonprofits and governments. Bisignano also was the chief executive officer for Citigroup’s Global Transactions Services business and a member of Citigroup’s Management Committee and was the Chief Administrative Officer for Citigroup’s Corporate and Investment Bank, a senior executive vice president and Citigroup’s firm-wide deputy head of technology and operations.
Critical Media’s Syndicaster unit introduced a live HD streaming solution for television stations to identify and extract over-the-air commercials in real-time, and replace them with geo-targeted digital ads for delivery to web, mobile devices and connected televisions. The solution, being demonstrated at the National Association of Broadcasters’ 2012 NAB Show at the Las Vegas Convention…
Bankserv and BirchStreet announced they have entered into a strategic partnership to package remote check capture capability with BirchStreet’s award-winning procure-to-pay platform. Under the terms of the deal, BirchStreet clients will gain the option to use BankServ’s DepositNow online check deposit and receivables management system to speed and simplify payments related to the global procurement-to-pay process.
More than 100,000 businesses use BankServ’s receivables management solutions to get paid faster by scanning inbound check payments directly into their bank accounts. BirchStreet Systems brings deep procure-to-pay automation expertise and a network of over 160,000 suppliers in 35 countries. The company offers the only procure-to-pay platform specifically designed for the hospitality and food service sector, which automates over $2 billion a year in food and beverage (F&B), maintenance, repair and operations (MRO), and operating supplies and equipment (OS&E) transactions for thousands of hotels, clubs, restaurants and assisted living facilities.
“This partnership has the potential to revolutionize business-to-business payments in our industry,” said Doug Sanborn, president of BirchStreet Systems. “BankServ has the electronic payments expertise to serve the receivables management side of hundreds of thousands of businesses. BirchStreet has the know-how and technology to serve the procurement and payables side of thousands of companies, including many of the world’s largest hospitality organizations. Together, we can deliver unprecedented value on both sides.”
BirchStreet Systems is the choice procure-to-pay provider of many of the world’s largest hotel companies, including Hilton Worldwide, Hyatt Hotels, Marriott International, Inc., Omni Hotels & Resorts and Interstate Hotels & Resorts.
“We are tremendously excited to work with BirchStreet Systems,” said David Kvederis, CEO of BankServ. “Both buyers and suppliers want faster, easier payment processing — and by adding our receivables management tools to BirchStreet’s procurement and payables solutions, we can deliver end-to-end value in a totally synergistic way. We look forward to rounding out a comprehensive payments suite for an industry in which our companies’ respective specialties truly complement each other.”
BankServ is a leading provider of banking and payment technology for businesses and financial institutions. With its SaaS delivery model, BankServ offers world-class service bureau products for remote deposit capture, online and wireless payment acceptance, as well as Fedwire and SWIFT systems for banks. Founded in 1996, BankServ is a privately held company headquartered in Las Vegas, Nevada. More information on BankServ can be found at www.bankserv.com.
About BirchStreet Systems, Inc.
BirchStreet Systems, Inc., a recognized leader in hospitality technology, provides its web-based procure-to-pay platform, inventory control, recipe management and capital projects solution to restaurants chains, country clubs, assisted living facilities and some of the world’s largest hotel companies, including Hilton Worldwide, Hyatt Hotels, Marriott International, Inc., Omni Hotels and Interstate Hotels and Resorts. BirchStreet’s applications are delivered over the Internet, using the “Software-as-a-Service” (SaaS) model. Currently, thousands of businesses in over 35 countries utilize BirchStreet to access and manage more than 160,000 suppliers. Founded in 2002, BirchStreet is privately held and has offices in Newport Beach, Calif., New Delhi, India and Dallas, Texas. For more information on BirchStreet Systems, please visit www.BirchStreet.net or follow us on Twitter at Twitter.com/BirchStreetSys.
Consumers are carrying less credit card debt, with median balances of $3,793â $1,100 lower than in 2009 while 23% of respondents are motivated to pay off their credit cards faster by the Minimum Payment Warning on their bills mandated by the Credit Card Act of 2009. Also, only 23% owed more than $10,000, down from 30% last year while 18% wouldnât be able to handle their expenses for six months without credit cards and 19% would take longer than two years to pay off their balances while 20% didnât know when theyâd be able to. These conclusions, drawn by research from the Consumer Reports National Research Center, Also showed the First Premier Bank Mastercard is among the worst cards available to consumers, charging anywhere from $25 to $95 for processing; a $75 annual fee and an APR of 23.9% to 59.9% on purchases and cash advances. This is followed by The Platinum Zero Visa from Applied Bank with zero fees that end halfway through the terms and conditions with a $9.95 monthly âmaintenanceâ fee that equates to $119.40 annually.
BayPort Credit Union is teaming with Intuit Financial Services to offer “FinanceWorks” financial management solutions. The new “FinanceWorks” solution provides consumers a way to budget, gain control over their spending and save more. Powered by Quicken, “FinanceWorks” helps consumers manage their information and accounts across more than 16,000 financial institutions and credit card sites, ensures bills are paid on time regardless of the method they use to pay them, see where their money is going, and receive a variety of alerts about their financial status via e-mail. All this through one secure log-in to BayPort Credit Unionâs online banking website. BayPort has an ongoing commitment to seek out products and services that will better enable its members to most effectively manage their financial resources.
Al Paisley has joined First Republic Bank private banking. Bringing with him more than 25 years’ financial services experience, Paisley will work with First Republicâs team to provide business banking services such as lending services, deposit services, cash management, foreign exchange, online banking, and business escrow. He most recently comes from Citibank, where he was VP for the past 15 years. Paisley earned a Bachelor of Science degree in Finance/Accounting from University of Southern California. Founded in 1985, First Republic Bank has offices in San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Seattle, Boston, Greenwich and New York City.
Loyalty marketer Cardlytics has named sales and marketing veteran Keith
Ingenthron as the company’s strategic account director.
He will leverage his merchant relationships to grow Cardlytics’
footprint among national and regional organizations in the retail,
restaurant, grocery, gas, travel, and service industries and manage
Cardlytics’ existing relationships in that area. Most recently,
Ingenthron was client manager of national accounts in the central region
for American Express Merchant Services, where he developed marketing
partnerships and managed a portfolio of 20 to 25 national accounts with
total charge volumes in excess of $1.5 billion. Besides increasing his
account volume by more than 8.8% in 2007, Ingenthron earned the
company’s Masters Award for his outstanding performance in 2006 and
2005. Previously, Ingenthron was area vice president for channel sales
in the East region for American Express Incentive Services, where he was
awarded American Express’ Circle of Excellence Award for exceeding
profit goals by 7.7%.
Nordstrom reported net
earnings of $172 million for the fourth
quarter ended January 30, 2010, an increase of 152%
compared with net earnings of $68 million for the year ago
Fourth quarter same-store sales increased 6.9% compared with the
same period in fiscal 2008. Net sales in the fourth quarter were $2.54
billion, an increase of 10.3% compared with net sales of $2.30
billion during the same period in fiscal 2008.
Full-line same-store sales in the fourth quarter increased 3.9%
and sales for Nordstrom Direct increased 32.1%, combining for a
multi-channel same-store sales increase of 7.1% compared with the
same period in fiscal 2008.
Online financial skills education tool MoneyU is now free to qualifying
The course is designed for young adults age 17 to 24 and uses 120
lessons and tasks
covering eight topics to teach practical personal finance skills such as
comparing credit cards and auto loans, researching the starting salaries
in a chosen field, managing debt, saving for the future and completing a
1040 EZ income tax form. The offer is aimed at addressing the critical
need to provide young
adults the practical money skills and experience necessary to be
successful in the challenging environment they are about to enter. More
than 84% of college students have a credit card and half have
more than four credit cards; debt is the biggest reason for dropping out
of school; students leave college with an average loan debt of more than
$20,000, and student debt is rising faster than starting salaries for
new graduates. These same students say they donât know enough about
personal finances and scores in this area show that student knowledge
about personal financial issues is worsening. Griffin Enterprises,
creator of MoneyUÂ®,
must include a $4 fee for each learner to defray its costs to develop
and deliver the program and the offer.
Restaurants Unlimited is offering a gift card promotion that takes 25%
There are many ways to utilize the 25% in savings that Restaurants
Unlimited is offering, including dinners for two, early holiday
shopping, company parties, birthdays, anniversaries and even happy
hours. Cards include: Kincaidâs, Newport Bay, Newport Seafood Grill, Stanfordâs, Fondi, Palomino, Palisade, Cutters Bayhouse, Maggie Bluffs, Stanley and Seafortâs, Horatioâs, Skates on the Bay, Ryanâs Grill, Manzana, Portland City Grill, Simon and Seafortâs, Henryâs Tavern, Billy Heartbeats, Clinkerdagger and Scottâs Bar and Grill. Restaurants Unlimited operates 58 award winning restaurants in