Discover Cardmembers Get 5% Cashback on Home Improvement, Furniture

Now through June 30, 2014, cardmembers can sign up to earn 5% Cashback Bonus on up to $1,500 in purchases made at home improvement stores, furniture stores and Bed Bath & Beyond®. Cardmembers can sign up simply by logging into their online Account Center or calling 1-800-DISCOVER (347-2683). After making $1,500 in purchases, Discover cardmembers continue to automatically earn their standard Cashback Bonus on all other purchases. Cardmembers can shop online year-round with their Discover card at ShopDiscover.com, Discover’s exclusive online shopping portal featuring more than 200 popular online retailers offering between 5% and 20% Cashback Bonus on purchases.

Blackhawk Network Offers mGift Cards Through mFoundry

Blackhawk Network prepaid and financial payments products partnered mFoundry allowing it to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry. Fin.X is the next generation mobile banking platform from mFoundry, North America’s leading provider of mobile banking and mobile payments. Smartphone users whose financial institution has deployed Fin.X and offers this option can browse and buy gift cards electronically from entertainment, fashion, dining, and home improvement brands that have a relationship with Blackhawk Network. The purchased gift cards are accessible via the consumer’s smartphone and can be redeemed electronically at participating merchants.

Citi Names New Board Chairman

Citi announced that Michael E. O’Neill was appointed Chairman of the Board of Directors of Citi following its annual meeting of stockholders. O’Neill is the retired Chairman and Chief Executive Officer of the Bank of Hawaii and was previously Vice Chairman and Chief Financial Officer at Bank of America from 1995-1999. Mr. O’Neill earned an MBA from the Darden Graduate School of Business at the University of Virginia and a B.A. in European Civilization from Princeton University.

Citi Board Nominates New Board Members

Citi’s Board of Directors has nominated Franz B. Humer and Joan E. Spero as new independent director candidates to stand for election at Citi’s annual meeting of stockholders on April 17, 2012. Dr. Humer is Chairman of Roche Holding Ltd, and Ms. Spero is a Senior Research Scholar at Columbia University School of International Public Affairs. Humer served as Chief Executive Officer of the Roche Group from 1998 until 2008. He previously served as Chief Operating Officer and Head of Pharmaceuticals for F. Hoffmann-La Roche Ltd. Dr. Humer is Chairman of Diageo plc. Dr. Humer is the chairman of Friends of Phelophepa Foundation, the chairman of INSEAD and chairman of the International Centre for Missing and Exploited Children. Spero is a Senior Research Scholar at Columbia University School of International and Public Affairs. From 1997 to 2008, she was the President of the Doris Duke Charitable Foundation. Prior to that, she was the Under Secretary of State for Economics, Business and Agricultural Affairs during the Clinton Administration and had previously served in the Carter Administration as Ambassador to the United Nations for Economic and Social Affairs.

GTCR Acquires BankServ

GTCR has agreed to acquire a majority stake in BServ SaaS provider offering financial services and banking technology that facilitates electronic corporate payments and bank-to-bank payment transactions. The Company offers Fedwire processing, SWIFT messaging, remote deposit capture, mobile and online payment processing technology and services for financial institutions and corporations. BankServ has completed a number of successful acquisitions and has earned a strong reputation in the market by providing leading software and technology solutions combined with high quality customer service.

GiftCardMall.com iPhone App Lets Users Send eGift Cards

Blackhawk Network prepaid and financial payments products has made available its GiftCardMall.com iPhone application to let iPhone users purchase and send personalized eGift cards to a recipient’s email or Facebook account. eGift Cards can be personalized by adding your favorite photo of your Valentine to a gift card or by adding a special note or love poem. Marketing itself as a last minute gift idea, the gift card application features Williams-Sonoma®, SpaFinder®, Best Buy, REI and Southwest Airlines. Consumers download the GiftCardMall.com iPhone application to the iPhone; select an eGift card from a variety of brands and customize it by adding a personalized message and uploading a photo or using your iPhone to take a photo to be added to the eGift card; and purchase the eGift card online and send the same day to your Valentine’s email and Facebook.

Gift Card Mall Launches Facebook eGifting

The Blackhawk Network announced a new Facebook application helping consumers give gift cards almost instantly through the social networking website. Through its Gift Card Mall and GiftCardMall.com, the Blackhawk Network is introducing its “eGift Card” social network gifting application option through the “Group Gifting” feature onl Facebook. With this, Facebook friends are now able to contribute as a group for a single gift card to increase the value of the gift card for the recipient. A personalized message can also be added to a card and fellow users can remind others about friends’ upcoming holidays and celebrations. After purchase, the eGift Card is posted on the recipient’s Facebook wall and a personalized confirmation and activation code is sent to their email address for added security.