PNC Bank is making available its “PNC Finder” mobile application to locate PNC Bank branches and ATMs, complete with the best route to get there. The app is currently available for free from the iTunes App store, and an Android version will be available in early 2012. Once the app is downloaded and installed, PNC customers simply point their phone in any direction and PNC Finder will do the rest. Features allow users to see location direction and distance in a heads up display using the Smartphone’s camera; get specific PNC Bank branch information, such as hours of operation; and to visit the PNC Finder app page on pnc.com for more information.
Since January, average credit card debt has fallen nearly 10% nationally to $6,503, while all 50 states showed reduced credit card debt. The states that decreased their debt the most include Mississippi, down 16% to $5,362; Alabama, down 14% to $5,750; and Kentucky, New Hampshire, Rhode Island and West Virginia, all down 13% to $6,151, $7,464, $6,090 and $5,956, respectively. Nationally, credit scores remain unchanged from last month at 661, but have fallen five points since January. This, according to CreditKarma, also shows the states that had the highest credit scores in November include California (680), New Jersey (679), Massachusetts (678), and Utah (675). Mississippi (621), South Carolina (635) and Arkansas (635) posted the lowest scores.
TransFirst transaction processing services and payment enabling technologies is set to offer the Epson “TM-T20” thermal receipt printer with its “Transaction Express” virtual terminal payment gateway solution. This offers “Transaction Express” for a complete, secure online payment processing through any Internet-connected device, with Epson’s “TM-T20” printer. The combined solution offers TransFirst merchants a cost-effective, easy, out-of-the-box transaction processing and receipt printing solution ideally suited for a variety of industries, including retail, e-commerce, government, utilities and healthcare. The solution is immediately available to TransFirst’s acquiring partners.
Huntington Bank is converting its debit card programs to MasterCard and upgrading all its customers to a Platinum Debit MasterCard. Huntington will also implement the world-class debit and ATM transaction processing capabilities of MasterCard Integrated Processing Solutions (IPS). Also, the bank is remaining fee-free for debit card usage for its customers. The conversion of Huntington’s debit portfolio to MasterCard will include the nearly 1.5 million consumer and business debit cards issued by the bank. Card benefits include an upgrade for all Huntington customers to a platinum Debit MasterCard Card and fee-free debit purchases with zero liability for unauthorized transactions and 60-day price protection.
Capital One Bank (www.capitalonebank.com) is promoting its new High Yield Checking account, highlighting competitive sports with a pre-game “High Five” sweepstakes at this weekend’s Washington Capitals game, in addition to an online “High Five” photo sweepstakes. Both give fans the chance to enter and win “five times the tickets” (five tickets) to a DC-area professional or college sports game in recognition of Capital One Bank’s new High Yield Checking account, which earns at least five times the national average interest on checking. Capitals fans who come to The Greene Turtle Sports Bar & Grille on October 22 before the game can give their creative “High Fives” in front of a panel of judges, including Capitals Hall of Famer No. 5 Rod Langway, and enter for their chance to win five times the tickets to an upcoming Capitals game. The High Five event begins at 4:30 p.m. at The Greene Turtle’s Verizon Center location at 601 F Street, NW.
Over 150 Zaxby’s locations have deployed MICROS’s “myinventory” to better manage and control in-store inventories at all of its corporate and 60+ franchisee locations. The “myinventory” solution-integrated with the MICROS POS- extends Zaxby’s list of deployed MICROS solutions at its 535 casual restaurants in the Southern United States. MICROS’ “myinventory” optimizes the management of inventory, and provides all the information required to maintain stock in a cost effective manner for cumulative, daily and ad hoc reports related to ordering, receiving, inventory counts, waste and more.
Capital One Financial Corporation is offering small business more rewards with the introduction of its “Spark Business” Small Business Credit Card portfolio. The “Spark Miles” and “Spark Cash” cards offer double miles or 2% back on every purchase and are intended to fill the void in the small business credit card category with value, tools and benefits to help manage a business and save time. It also has no limits to the amount of cash back that can be earned while the “Spark Miles” card offers double miles on every purchase with miles that will not expire. Also, “Spark Cash” offers a One-time $100 bonus and a one-time $50 bonus for signing up for one or more employee cards while the “Spark Miles” has a One-time 10,000 mile bonus and a one-time 5,000 mile bonus for signing up one or more employee cards.
With the consumer confidence index recently plunging to 44.5 from 59.2 in July on Conference Board, rewards redemption was way up in 3Q/11. Up four points from recent averages, 47% of consumers redeemed at least a portion of their rewards in the past three months, up from 43.1% in 1Q/11 and 43% in 2Q/11. The aspect of “free money” motivates 60.6% of redeemers, 39.5% of whom applied it towards payment of a monthly credit card balance while 23.1% deposited the cash rewards into a personal savings account. With this, consumer demand for mobile devices and applications continue to rise, but only 19.5% of reward-using credit card holders can see or redeem their rewards balance on their mobile device.
Average national credit card debt dropped 18% to $6,285, with consumers in 19 states having paid down their debt by equal to or more than the national average. With this, Wisconsin cardholders paid down debt by a whopping 37%; Hawaii consumers paid down debt 22%; Missouri & Nevada both paid down card debt 21%; Maine…
Visa announced a new national promotion offering Visa cardholders the opportunity to win a trip for themselves and 10 friends to Super Bowl XLVI to witness first-hand all the sights, sounds and excitement of the biggest event in football. The “Visa You & 10 Super Bowl” Sweepstakes represents a key component of Visa’s integrated marketing campaign for the 2011 NFL season that will also include national advertising, social media executions, client and merchant activation programs, new NFL team relationships, and the seventh season of Financial Football, an educational program to promote financial literacy in high schools nationwide. Through Dec. 27, 2011, Visa cardholders in the United States will automatically be entered for a chance to win a trip for themselves and 10 friends to Super Bowl XLVI when they use their Visa card. The winner and all 10 of his or her guests will receive: tickets to the NFL Experience and Super Bowl XLVI in Indianapolis, Ind., roundtrip airfare and ground transportation, hotel accommodations, admission to a NFL-sponsored party, a meal with an NFL player, and a Visa gift card.
Average national credit card debt in August dropped 18% from the year ago figure to $6,285, while 19 states paid down their debt by equal to or more than the national average. With this, Wisconsin led the country, down 37%, followed by Hawaii down 22% while Missouri and Nevada were tied for third, down 21%.…
TSYS announced the redesign and new online format for n>genuity journal (www.ngenuityjournal.com), the thought leadership journal of the global payments industry published by TSYS for executive level and other payments industry professionals. The site provides new user-friendly features, a crisp, modern design and intuitive navigation and sorting features. In addition to becoming a more sustainable publication, the paperless format will result in more frequent publishing of payments news, commentary and all-new research from leading experts in the industry.