The Greater Milwaukee Committee (GMC) local business coalition announced Milwaukee will be the first community in the U.S. to develop an entrepreneurship program using a model developed by Daniel Isenberg, founding executive director of the Babson Entrepreneurship Ecosystem Projects. As part of a bipartisan effort to grow the economy by stimulating high-growth ventures and encouraging job creation, the OPEN for Enterprise model is based on testing and validating entrepreneurship ecosystems abroad, including successful programs in Colombia, Brazil and Denmark to foster policies, institutions and cultures that stimulate long-term economic growth, development and prosperity through programs and workshops. Coalitions for High-Growth Entrepreneurship is designed to help high potential urban communities connect a diverse group of stakeholders, including city planners, private investors, academics, entrepreneurs and public officials, to help maximize the social and economic value of the community’s entrepreneurship ecosystem. Merging their collective expertise, the coalition can help to develop community programs that identify new ways to stimulate, support and “scale up” new and existing ventures.
CO-OP Financial Services, W.C.U.L. Services Corp. (WCUL) and Wisconsin Credit Union Shared Service Centers partnered to market CO-OP Network and Payment Processing services. CO-OP offers services that maximize member convenience and operational efficiencies for credit unions. WCUSSC already offers CO-OP Shared Branching, CO-OP Member Center and CO-OP E-Commerce Solutions. With the new agreement, WCUL and WCUSSC will also promote CO-OP Network and CO-OP Payment Processing services, which offers 28,000 surcharge-free CO-OP Networks ATMs nationwide, 9,000 of which are deposit-taking.
Radiant Systems announced a new agreement with Kwik Trip petroleum and convenience store retailer. With this, they will equip its sites with the company’s Radiant POS “RPOS” software. Radiant POS increases the speed of transactions, both inside the store and outside at the pump, to deliver a faster and more enjoyable customer experience. In addition, Radiant’s open, proven platform provides Kwik Trip with a solution that can support future growth initiatives, including more advanced marketing capabilities, food service and car wash. The power of Radiant’s software will allow Kwik Trip to incorporate each of these functions without sacrificing security or transaction speed.
Farmers State Bank has gone live with IBT financial services’ “i2 Core” banking solution. The bank has deployed TX-based IBT’s complete suite of financial services products for image and e-delivery solutions throughout the enterprise. The “i2 Core” platform utilizes the latest in available technology to deliver real time information across all customer delivery channels. IBT’s design increases its value proposition with the delivery of real time transactional alerts to mobile devices and “i2 OLB” (On-Line Banking), coupled with instant access to images processed through “i2 Teller” (Teller Capture) and “i2 RDC.” This customer-centric innovation model continues to keep pace with the consumer demands in the financial services industry.
First National Bank of Bangor, Wisconsin, has gone live with the IBT financial services’ “i2Core” banking solution. The “i2Core” platform utilizes the latest in available technology to deliver real time information across all customer delivery channels. IBT’s design increases its value proposition with the delivery of real time transactional alerts to mobile devices and i2OLB (On-Line Banking), coupled with instant access to images processed through i2Teller (Teller Capture) and i2RDC (Remote Deposit Capture). This customer-centric innovation model continues to keep pace with the consumer demands in the financial services industry.
IBT financial services products and best of breed solutions in process innovation and customer experience announced the Bank of Alma has implemented its “i2Core” banking solution. With approximately $200 million in assets, the Wisconsin-based bank has deployed IBTâs complete suite of financial services products, including image and e-delivery solutions throughout the enterprise. i2Core platform utilizes the latest in available technology to deliver real time information across all customer delivery channels.
Fiserv unveiled its Regulation E “Opt-In Optimization Programs” to help its clients prepare for the regulation’s July 1 deadline. These programs are in response to recent regulatory changes that require a consumer to opt-in before banks or credit unions can extend or continue to provide fee-based overdraft services for ATM and one-time debit card transactions. The three tiered “Opt-In Optimization Programs” include: Option One: Reg E Deployment Program and Implementation Workshop: This option is a proactive and affordable option enabling financial institutions to rapidly meet compliance obligations and minimize revenue or consumer losses; Option Two: Reg E Consulting and Opt In Outreach Support: A consultant-led engagement provides tools and guidance needed to minimize the impact of Reg E changes while managing a seamless and effective opt-in program; Option Three: Reg E Outreach Complete: This option is a true turnkey Reg E Opt-In Optimization Program. Also a consultant led engagement, this program includes portfolio segmentation and other data analytics, opt-in optimization recommendations, staff and consumer training and a project plan/deployment guide. Regulation E (Reg E) was issued by the Federal Reserve as part of the Electronic Fund Transfer (EFT) Act, which establishes the basic rights and responsibilities of consumers using EFT services and of financial institutions offering these services.
Platform as a Service payment solution provider
Aliaswireâs DirectBiller has been selected by WI-based M&I bank to offer
electronic bill presentment and payment solution for its business clients.
M&I Bank is using DirectBiller to enable business clients of all sizes to present bills
online and collect electronic payments using a hosted platform that
provides customer flexibility while meeting the highest security
standards. M&I Bank business customers can choose from an array of
configurations, receive comprehensive reports, and take advantage of
rapid time-to-market while offering end-customers multiple options for
accessing and paying bills, including by Web, phone, or agent. M&I Bank holds $57.2 billion in assets.
GE Money, Sales Finance has added a number of new programs and announced renewed or expanded relationships
with many long-term partners, representing more than 30,000 business
locations nationwide. Over the past month, Sales Finance announced new agreements including
Edwin Watts Golf, The Tile Shop, Oreck, 1-800-Mattress and Fender Musical Instruments Corporation.
Extensions have also been completed with a number of partners including:
Husqvarna, Bassett Furniture, KTM Power Sports, Steinhafelâs Furniture, Bernina and Pep Boys. OH-based
GE Moneyâs Sales Finance unit is a part of General Electric Companyâs GE Capital division, which has
extended more than $146 billion of credit to some 50 million consumers
in the U.S. since January 2008.
Visa has confirmed the signing of a seven-year agreement to renew its partnership with Wisconsin-based M&I Marshall & Ilsley Bank.
Under the terms of the agreement, Visa will provide payment programs for credit, debit, prepaid and commercials cards, as well as merchant acquiring services. Visa and M&I Bank have had a 30-year partnership. M&I is the largest Wisconsin-based bank, with offices throughout Wisconsin, Arizona, Indiana, Florida, Missouri, Minnesota and Nevada.
Earlier this week, Visa announced that it has renewed a brand partnership agreement with M&T Bank that provides customers with branded consumer and small business debit, commercial credit, and prepaid cards. M&T Bank is one of the top 20 largest U.S. commercial bank holding companies, with 680 offices and 1600 ATMs in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey and the District of Columbia. (CF Library 12/2/08)
M&I Marshall & Ilsley Bank has renewed its NYCE Network participation as part of a relationship expansion which designates NYCE as the bank’s exclusive provider of retail PIN debit access and the ATM network of choice for domestic transactions. NYCE Payments Network, LLC, is a leading U.S. debit card payments network and a division of Metavante. Wisconsin-based M&I Bank also has banking offices in Arizona, Florida, Illinois, Kansas, Minnesota, Missouri and Nevada. This diverse geographical footprint translates into more than 966,000 cards and 485 ATMs participating in the NYCE Network.
Online Resources has named Debra Janssen, former President of First Data Debit Services and former President and CEO of eFunds, to the Company’s Board of Directors. She also served for fourteen years with Metavante Corporation (formerly M&I Data), where she last served as its Chief Information Officer. Currently, she is a private investor, and serves as CEO of one of the private firms in which she has invested. Online Resources powers web-based financial services for 2600 financial institutions, billers and credit service providers.