First Data Shows Strong December Retail Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation electronic commerce and payment processing released its First Data “SpendTrend” analysis for the full month of December 2011 compared to December 2010. Tracking same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, the analysis found dollar volume growth on cards…

Details

Wells Fargo Appoints Lead Director

Wells Fargo announced that the independent directors of its board appointed Stephen W. Sanger, 65, as lead director effective January 1. Having served as a director since 2003, Sanger previously served as chairman, CEO and director of General Mills, Inc., Minneapolis, Minn., where he utilized his corporate strategy, sales, and marketing skills in leading one of the world’s largest food companies and developing some of its best-known consumer brands. He has extensive corporate governance and executive compensation experience and serves on the governance and audit committees of Pfizer Inc. and on the governance and compensation committees of Target Corporation.

Details

Visa and Better ATM Services Debut ATM-Dispensed Gift Cards

Visa and Better ATM Services unveiled its ATM-dispensing Visa Gift cards in addition to cash at existing ATMs. Across Arizona, Credit Union West, MariSol Federal Credit Union, and Pinal County Federal Credit Union are participating in the first pilot programs, and have already begun offering their members this quick and easy way to purchase Visa Gift cards. For these pilots, ATM menu screens now include a “Purchase Visa Gift Card” option and prompt to designate the value to load on each card. Cards are available with no activation fee in $25 denominations during the pilot. The new ATM-dispensed Visa Gift card is made of a durable yet thinner material, which allows cards to easily pass through the cash mechanisms of ATMs.

Details

Visa Certifies Smartphones for Visa mPayment Devices

Visa and Visa Europe announced that NFC-enabled smartphones from Samsung Electronics, LG Electronics and Research In Motion (RIM) have been certified for use with Visa’s mobile application for payments at the point-of-sale, Visa payWave. The Samsung Galaxy SII, LG Optimus NET NFC, BlackBerry® Bold™ 9900, BlackBerry Bold 9790, BlackBerry® Curve™ 9360 and BlackBerry Curve 9380 have been added to the list of Visa compliant payment products available for commercial deployment by financial institutions. All the new devices certified by Visa host the Visa payWave application on a secure SIM card and feature NFC technology.

Details

Fiserv Appoints Top Execs

Fiserv financial services technology solutions announced several executive appointments to focus on growth opportunities. These include Shawn Donovan as Senior VP and Chief Sales Officer. Bringing nearly 25 years of sales and account management experience to his new role leading the global sales organization, he was most recently Executive VP for Acxiom Corporation, a position he held since 2008. Shawn led the Global Sales Organization, U.S. Business Unit, and Global Consulting Group at Acxiom where he was responsible for the company’s growth strategy and its execution, leading the worldwide sales and consulting organizations, and the U.S. client management team. Also, Steve Tait will assume a new role as Group President of international operations, leading sales, service and delivery functions outside the U.S. where Fiserv currently serves more than 1,000 clients. Tait joined Fiserv in 2009 and had most recently been Group President, Depository Institution Services, which includes Fiserv bank and credit union account processing operations.

Details

Regions Bank Joins the Secure Vault Payments Network

Secure Vault Payments added Regions Financial Corporation to the Secure Vault Payments Network and now will offer the online payment option to customers in 16 states. Secure Vault Payments online payment method links consumers directly to their bank account without a middleman. Secure Vault was developed by NACHA ” The Electronic Payments Association® and eWise, a provider of online and mobile payment solutions. Secure Vault Payments is a payment system designed specifically for banking customers; whether they are merchants, billers or consumers and can select their bank, log into their bank’s online service from the merchant or biller checkout page, select the bank account they want to use to pay, and confirm payment.

Details

GreatCall and Experian Partner to Protect Jitterbug User IDs

GreatCall wireless services announces a new collaboration with Experian’s “ProtectMyID” full-service provider of identity protection and resolution. With this, GreatCall customers who purchase the Jitterbug cell phone will be eligible to receive a free, one-year membership to “ProtectMyID.” By combining an identity protection product with GreatCall apps and services, Jitterbug customers will now be protected. Feeling secure about your personal finance information is just as important as feeling confident about your physical well-being.

Details

Wells Fargo mBanking App Now Available from Amazon

Wells Fargo customers who use Android-powered smartphone and tablet devices can now keep track of their finances while on the go with Wells Fargo Mobile banking services. Wells Fargo & Company announced its new Wells Fargo Mobile banking app for Android is available for download from the Amazon Appstore for Android. In addition, Wells Fargo Mobile banking apps are available via the Android Market, Apple App Store, BlackBerry App World and HP App Catalog.

Details

UniBank Implements Jack Henry Processing

UniBank has selected the Jack Henry Banking “SilverLake” core processing system to provide enterprise-wide automation. The bank will implement SilverLake through Jack Henry Banking’s outsourced offering. UniBank will also initially implement an array of Jack Henry Banking’s complementary solutions including ArgoKeys Branch Sales Automation; the Synapsys sales, marketing, and customer service solution; the Opening Act online deposit and loan account opening solution; components of the jhaPassPort ATM and debit card transaction processing platform; Yellow Hammer Fraud Detective; and Yellow Hammer BSA.

Details

RushCard Customers to Enjoy Early Payday

RushCard announced a new feature that allows many of its cardholders to get access to their money even faster. Members who have their paychecks and certain other payments directly deposited on their RushCard may be able to receive their funds up to two days early. As part of RushCard’s robust suite of money-saving solutions that include comprehensive budgeting tools, online bill pay, money transfer services, and many other valuable services like prescription discount plans, the new early access feature helps cardholders to take greater control of their finances.

Details

GoPayment Goes Global with Newly Designed Card Reader

GoPayment users can soon easily accept credit cards on a mobile device with the GoPayment app and a newly-designed, free credit card reader. Intuit announced that it plans to take its free GoPayment mobile credit card app and card reader hardware global, providing small businesses and anyone who sells products or services with one of the first ways to easily and affordably accept credit card payments on an iPhone, iPad or iPod touch device. Intuit will also begin shipping a free, newly-designed GoPayment Card Reader, offering a compact, cylinder-shaped device that helps maximize sales with new features that increase the accuracy of each card swipe.

Details

Trunkbow and China UnionPay Partner on mPayment

Trunkbow International Mobile Payment Solutions and Mobile Value Added Solutions jointly partnered China UnionPay for the development and marketing of the Trunkbow UnionPay m-payment app. Trunkbow is now developing a UnionPay-certified plug-in applet that will enable m-commerce transactions through UnionPay’s clearing system. In addition to development and aftermarket support of the applet, the companies will work together to develop and expand the Trunkbow UnionPay merchant network, and market the m-commerce solution to China ‘s nearly 1 billion mobile phone users. The app can be incorporated into any existing mobile application to facilitate simple, secure online payments from a user’s mobile phone.

Details