MasterCard Board Increases Quarterly Dividend

MasterCard Incorporated announced that its Board of Directors has increased the company’s quarterly cash dividend to 30 cents per share, an increase of 100 percent over the previous dividend level of 15 cents per share. The cash dividend will be paid on May 9, 2012, to holders of record of its Class A common stock and Class B common stock as of April 9, 2012. Additionally, the company announced that its annual meeting of stockholders will take place at its corporate headquarters on June 5, 2012, at 8:30 a.m.

Details

Virtual Piggy Announces Mobile NFC App

Virtual Piggy safe-online youth purchasing launched its mobile iOS application, which allows parents and kids to manage their Virtual Piggy accounts on their Apple phones and tablets. Virtual Piggy offers a secure, COPPA compliant, e-commerce solution to enable kids under 18 to make online purchases. Virtual Piggy provides technology that gives kids the ability to shop online in a controlled environment that parents can feel comfortable about. The introduction of the Virtual Piggy mobile application is an integral part of the company’s plans to bring their family approved e-commerce solution to the global U18 market, whether they are shopping online using mobile devices or PC’s, or in-store with the integration of NFC technology.

Details

Corelation and WRG Partner, Introduce mBanking

Corelation core processing vendor and Wescom Resources Group credit union technology solutions provider partnered to package WRG’s online and mbanking products with Corelation’s KeyStone core processing system. Corelation clients being able to use WRG’s online and mobile banking products, the partnership allows KeyStone-running credit unions to utilize WRG’s Service Bureau solution. This service provides many related technology services such as computer operations staff, COLD storage and imaging, and IT network management – which allows Corelation, in turn, to provide its clients with a more robust technology services offering.

Details

Protegrity and Securosis Demystify PCI DSS Tokenization

Protegrity USA end-to-end data security solutions joined forces with Securosis information security research firm to address the confusion around the PCI DSS tokenization guidelines administered by the PCI Council in August and help companies evaluate and select a tokenization solution. Protegrity will hold a webinar featuring Securosis analyst and CTO Adrian Lane and Ulf Mattsson, CTO of Protegrity and the inventor of Protegrity Tokenization. Together, Lane and Mattsson will explore how to deploy tokenization solutions within the scope of the PCI DSS and their perspectives on how the data security community can benefit from this promising technology.

Details

First Niagara Bank Deploys Checking Promotion

First Niagara Bank did it with a direct mail package that featured Free ATM access anywhere in the country. Along with this was a head-to-head competitive comparison and an easy-to-read design, resulting in a direct mail package that “hits a home run,” according to ABA Bank Marketing, which reviewed the package in November’s “The Letter Clinic” column. The mailing was developed by Catalyst, a direct and digital marketing agency.

Details

Latitude Software and PaymentVision Launch Debt Collection/ ePayment

Latitude Software Interactive Intelligence Group and PaymentVision have partnered to offer an integrated debt collection and electronic payment solution. Latitude provides debt collection software and services for collection agencies, first-party creditors, debt buyers, and law firms. Its software suite, which can be delivered via a premise or hosted model, manages all pre- and post-charge-off accounts and the entire collection workflow process. The software suite’s open architecture was designed to help customers improve communications and account tracking for more effective debt recovery. The PaymentVision solution enables customers to accept ACH, check, and credit or debit card payments by phone or through Internet channels.

Details

eBay and Shopping.com to Keynote ChannelAdvisor Insite Event

ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, announced that ChannelAdvisor’s influential half-day Insite conference will feature industry heavyweights including eBay, Google and Shopping.com. Insite Melbourne will focus on trends in the e-commerce market, and will be held at the Melbourne Cricket Ground (MCG) on February 29.

Details

Western Union and UniCredit Partner on Account Based Money Transfer

Western Union payment services and UniCredit financial services group inked agreements to offer Western Union’s “Account Based Money Transfer” service (ABMT). This represents the continued commitment to deliver best in class money transfer services across the UniCredit network. Account Based Money Transfer will give UniCredit customers convenient access to the Western Union service via online banking and through any of the 7,800 ATM’s and 4,000 kiosks in the UniCredit network, enabling them to send money from their accounts 24 hours a day, 365 days a year to more than 450,000 Western Union Agent locations.

Details

Cashplus Launches Cheaper Alternative Banking

A new service from Cashplus provides consumers with cheaper, transparent and easier to manage alternatives to traditional banking. Its Direct Debit service has a number of unique benefits, such as low balance alerts; instant loans for 50 cents daily; and no penalty fees. Cashplus solutions are geared toward those without bank accounts unable to access the discounts that many companies offer to customers paying by Direct Debit. Cashplus customers who set up and pay a Direct Debit via their Cashplus account will be entered into a prize draw, in which the winner will receive rent or mortgage payment for a year (up to GBP10,000).

Details

Collis launches terminal test suite

The Collis Merchant Test Suite offers an all-in-one EMV contact and contactless solution, developed specifically for merchants, processors and acquirers. This combines the strengths of specific Collis software and hardware used for terminal testing worldwide. Specifically built for the North American market, the Collis Merchant Test Suite provides the solution for American Express AEIPS; Discover & Diners Club Acquirer E2E; Interac Terminal Application, Acquirer, and Interoperability Certification; JCB TCI; MasterCard M-TIP and NIV; and Visa ADVT, ADVT-qVSDC, CDET.

Details

MoneyGram Posts 4Q/11 Revenue Up 11%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram International global payment services company posted 4Q/11 money transfer fee revenue up 11% over the year ago period. Meanwhile transaction volume was up 13% thanks to U.S.-to-U.S. transaction volume up 15% as international sends were up 14%, for which transaction volume increased 10%, mostly thanks to U.S.-to-Mexico growth of 15%.…

Details

Small Business Expect 2012 Revenues Up, More Hiring

America’s small business owners are the most optimistic since July 2008, according to the latest findings from the Wells Fargo/Gallup Small Business Index survey for the period Jan. 9. The Index now stands at positive 15 (+15) for January, compared to minus 3 (-3) in October and following two previous Index readings of zero (neither optimistic nor pessimistic). Revenues – 49% expect revenues to increase a lot or a little, up from 37% in Q4 2011. With this, 63% expect their company’s financial situation to be very or somewhat good over the next 12 months, up from 55% in Q4 2011. Meanwhile, 22% expect the number of jobs at their company to increase a lot or a little, up from 15% in Q4 2011; 8% expect the number of jobs at their company to decrease a lot or a little, down from 13% in Q4 2011. Only 15 percent said they are currently looking for new employees, while 76% of those who are not looking to hire employees don’t need any additional employees at this time; 71% are worried revenues or sales won’t justify adding more employees; and 66% are worried about the current status of the U.S. economy.

Details