Danish payment management company Pensio is undertaking a major relaunch and rebranding exercise and highlighting the evolution with a move to new offices in Copenhagen. Founded in 2008, the company has seen continuous growth with its breakthrough payment solutions. The new name of AltaPay is to underline the company’s new global ambitions.
ACI Worldwide announced the availability of Prognosis 10 for Payments, developed by Integrated Research and powers ACI Payments Service Management to deliver integrated performance management for ACI payments and fraud management environments. Cloud-enabled Prognosis 10, the next generation of this flagship payment service management solution, provides new options for in-depth monitoring and analysis of transactions, applications, IT infrastructure and payment devices to deliver deep business intelligence. Capabilities include mobile access, an intelligent 360⁰ view across the entire payments ecosystem and business Insight to understand and react immediately to potential issues.
Pensio, the Danish payment management specialist, and leading global fraud prevention provider ReD, have announced a new partnership that is offering an integrated, tailored fraud screening solution to Pensio’s broad range of merchant customers. The first merchant to take advantage of the integrated service is progressive retailer LN-CC. David Hobson, ecommerce Director at LN-CC said, “As we expand our global online presence, it’s vital that we have the right fraud detection in place to protect our business. By working with Pensio and ReD we achieve that for every type of payment instrument.”
The latest Discover Fan Loyalty Poll finds that pizza is king and diets go by the wayside when fans are watching their favorite team play. When asked what their favorite snack was, 23 percent said pizza. Additionally, fans said Wings, 15 percent, Chips and dips, 14 percent, Nachos, 8 percent, Hot dogs or sausage, 6 percent, Pretzels, 4 percent, Something else, 20 percent, Not sure, 10 percent. When asked do game day calories count, 46 percent said ‘No, my diet goes out the window when I’m tailgating or watching my team play;’ 39 percent said ‘Yes, but I still indulge in a few favorites;’ and 10 percent said ‘Absolutely, I don’t overeat or drink when I’m tailgating or watching my team play;’ while 4 percent were unsure. College football fans still have a healthy appetite for Alabama as nearly half, 49 percent, chose them as the best team in the country right now. The Crimson Tide has secured the top spot each week since the beginning of the season. West Virginia also sneaked back onto the list and into the top five after falling off of last week’s poll.
Bluepoint Solutions announced that Mountain America Credit Union (MACU) has processed more than 100,000 mobile transactions on its “QwikDeposit ToGo” mobile RDC application in 2011. This equates to nearly $36.5 million in deposits. MACU has $3.2 billion in assets and serves more than 355,000 members through 69 locations in Utah, Idaho, Nevada, Arizona and New Mexico.
The Discover Fan Loyalty Poll finds that women are showing more spirit than men when it comes to watching the game and wearing their school colors. In the third week of Discover’s national survey designed to gauge college football fan loyalty, fans were questioned on the depth of their commitment to their teams. When asked how important is it that they watch their favorite team’s game each week, 75 percent of all fans consider it somewhat to very important to tune in. However, more women than men, 78 percent to 73 percent, see it as a higher priority. When fans were asked if they regularly wear clothing or other items with the logo of their favorite college football team, 46 percent said yes, down from 55 percent last week. Once again, women showed more team pride when it comes to wearing a team’s logo: 58 percent of women wear it compared to 38 percent of men. The University of Southern California dropped out of the running after its loss to Stanford last week. Only 16 percent of fans said they would consider naming a pet or a child after a team, and of those who said they would, women leaned toward pet names while men leaned toward baby names.
Discover will launch a 15-week fan loyalty poll in September that will give die-hard fans a platform to showcase dedication to their favorite college football team. Title sponsor of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover will survey college football fans to find out which school truly has the most loyal fans in America and release these findings weekly alongside an additional bi-weekly supplement. Beyond title sponsorship of the 2013 Discover BCS National Championship Game and 2013 Discover Orange Bowl, Discover’s commitment to college football includes relationships with ESPN and Notre Dame football on NBC.
The July Discover U.S. Spending Monitor dropped to its lowest level in more than two years- by 11 points since January and 2.4 points since June- to 82.7. Nearing the March 2009 low of 79.5, 62% feel the economy is poor while 59% say economic conditions are worsening, of which 44% feel it in their own wallet. With this, only 45% will have money left over after paying their bills in July while 53% are subsequently cutting back their spending and 45% plan to save and invest less in the month ahead. Lastly, 54% plan to spend less on home improvement purchases, up from 47% in June, while 51% plan to spend less on gym memberships and vacations. On the Spending Monitor, however, this is quite consistent, given July of last year saw an index drop from June’s 86.1 to 83.0, followed by 73.0 in August before a slow rebound in September to 73.8.
Consumer sentiment saw its largest one-month drop ever in June on the Discover U.S. Spending Monitor by 4.4 points to 85.1 from the May figure of 89.5. The daily poll of 8,200 consumers is reflective of the worst recorded since July 2009 and comes after few months of little change in consumer confidence. With this, over 60% of U.S. adults rated the economy as poor- up nearly 4 percentage points from May-while 56% say the economy is getting worse, a jump of nearly 5 percentage points from those who had that view in May and 51% say their personal finances are worsening, up from 48% the previous month. In June, nearly 59% of Americans who are at least 65 years old said the economy is getting worse, compared to just more than 47% of that group who felt that way the month earlier, while more than 56% of this age group say that their personal finances are worsening, up from just less than 52% the month before. The Monitor also reported an increase in the number of consumers who expect to have money left over after paying monthly bills at 47%, compared to 45.7% in May.
Down the long bumpy road that was April 2010, consumer confidence was shaken, but in the end remained flat on the Discover U.S. Spending Monitor. The discrepancy in the final numbers from March to April was practically nil, dropping only from 89.5 to 89.4. This was no indication, however, of variation throughout the month. From April 6 to April 20 alone, there was a near 10-point increase in consumers who felt the economy was worsening, from 46% to 56%, while the number of consumers rating their personal finances as poor shot from 20%-28%. Meanwhile, those who said their finances were getting worse exploded from 46 to 55% in conjunction with skyrocketing gas prices.
But when all was said and done, those feeling economic conditions were getting worse stood at 51%-the same as in March- as 18% feel conditions are the same, down 2 points from the previous month, and 26% feel the economy is improving, a 1-point increase from March. To blame: Gas Prices. This is clear to the 57% planning to change their summer vacation because of unmanageable fuel costs while 68% are forced to cut back on discretionary spending. Also throughout the month of April, only 34% described their finances as good or excellent, while 64% say their finances are fair or poor, 49% of whom disclosed they are only worsening-compared to the 48% in March. Only 21% say their finances are improving, compared to 22% in March, for a telling sign of the times.
Contrary to growing figures for promising growth across the board, IE. falling unemployment and credit card chargeoffs, consumer confidence is continuing to slip, down for the second straight month in March thanks to high gas prices on budding pessimism. This, as indicated on the Discover U.S. Spending Monitor, also shows the majority of consumers rate the economy as poor at 53%, practically unchanged from February. Having fallen 2.6 points to 89.5 to below 90 for the first time since December 2010, the Discover U.S. Spending Monitor reflected 35% rate the economy as fair and just 10% rate the economy as good or excellent.
Furthermore, the majority of Americans at 51% feel economic conditions are getting worse, a 7-point jump from February and the highest number since September 2010. Twenty percent of respondents feel conditions are the same, while 25 percent of the population feels the economy is improving. Only Thirty-two percent rate their finances as good or excellent, down 3 points from February; 42% rate their finances as fair; and 24% say their finances are poor. Overall, 33 percent of consumers expect to spend more in the month ahead, an 8-point rise from February while a majority of consumers at 55% are planning to spend more on gas, groceries and their mortgages, up 14 points from February and the highest since July 2008.
Small business confidence in the economy continues its descent, with 54% indicating a poor outlook on the recovery in March, a figure having climbed from 41% in February. This is an unfortunate trend seen over the past 19 months, given a majority of small business owners have held this perspective during this time, but this is the greatest majority since September of last year. On the bright side, 27% feel conditions are improving, although this is down from the previous month figure of 34%, while 15% see no change in the economy, down from 20% in February. These findings are according to the March Discover “Small Business Watch” monthly barometer of economic confidence, which overall dropped to 86.5 from 90.2 in February.
A huge factor in all this is the skyrocketing gas prices we have seen throughout the first half of the year, to which 76% of small business owners have lost profits and 90% disclosed either a somewhat negative or very negative impact. This is partly to blame for the 42% whom say conditions are getting worse, up from 40% in February; the only 30% indicating they feel the economy is getting better, down from 33%; and the 24% perceiving no change, down from 25%. Overall, 56% rate the current U.S. economy as poor for no change from the month prior; 35% rate it as fair, up from 32 percent; a mere 6% says its good, down from 7%; and 3% say the economy is excellent for no change since February.