CardWeb.com’s CardExecs database of payments industry movers and shakers today features Adam Au, co-founder and senior vice president of engineering at Centrify.
Meijer announced that its free digital savings program, mPerks, is turning 5 this week and has already set a company record with $100 million in savings to customers this year.
SNAP card benefits are being extended to Wisconsin and New Mexico thanks to FL-based FIS. More than 205,000 households in New Mexico are enrolled in Supplemental Nutrition Assistance Program (SNAP), and more than 450,000 households in Wisconsin receive benefits via SNAP or Women, Infants and Children (WIC) – both federal programs created to provide support to individuals and families.
UW Credit Union has chosen six high school seniors to receive $2,000 college scholarships as part of its Community Values Scholarship program.
While mobile devices are considered more secure than desktops to a certain degree, mobile apps on these devices can be a mess at times, so consumers must exercise caution when booking travel or purchasing tickets via these apps this summer.
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
Slightly more than one in five dollars (21%) of U.S. business revenues come from the middle market, and these firms employ over one in four workers (28%) in the private sector. Middle market companies have led job growth since 2008, with a 4.4% increase in private sector employment”outperforming both smaller businesses (less than $10 million in revenues) and the largest companies (more than $1 billion in revenues).
MN-based TCF Bank announced the availability of Apple Pay for its debit and credit cards. TCF has 382 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services.
Due to a heavy reliance on FICO scores by financial insitutions, a new generation of financially responsible people who are just getting started in the workforce and who may have short credit histories or large student loans are being overlooked by traditional financial institutions.
Global processing powerhouse First Data had a busy year with nine contract extensions, a new German contract, and expanded nine partnerships. FDC also introduced three new products: Clover Station, VisionPLUS Flex, and Go Daddy Payment Solutions, plus upgraded a number of existing products. FDC also acquired Perka and took 100% ownership of JV. The Company also had three CEO’s during 2013 and received two major awards. Annual revenues also increased slightly in 2013, after two level years.
The credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) dropped on a yearly basis from 1.61% in Q4 2012 to 1.48% in Q4 2013. In a sign that consumers continue to deleverage, average credit card debt per borrower also declined from $5,376 in Q4 2012 to $5,325 in Q4 2013.
Guaranty Bank selected FIS banking and payments technology to deploy an integrated suite of solutions, including core banking, and the full digital suite of FIS online, mobile and tablet solutions. Innovation was one of the key reasons Guaranty Bank chose FIS for this multi-year agreement, which replaces a decades-long relationship with another provider. FIS will deploy a new core platform for the bank and streamline many of Guaranty Bank’s processes by integrating the bank’s third-party systems, resulting in improved operational efficiency and cost effectiveness. Greater servicing efficiency will give the bank the ability to focus on creating a sales culture that aligns with current and future market trends.