Wells Fargo Intros iPhone Deposit Service

Wells Fargo launched its “CEO Mobile Deposit” service for commercial and corporate banking customers. Accessible by downloading the “CEO Mobile iPhone” App at the iTunes store, the new service allows customers to capture check and money order images and deposit funds, using an iPhone (3GS and above), to their Wells Fargo commercial and corporate bank accounts anywhere, anytime. Once check or money order images have been captured, they are available immediately through the customer’s reporting and image search tools on the Commercial Electronic Office (CEO) portal.

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Merchant Warehouse Certifies in ETA Payment Program

Merchant Warehouse secure payment processing and merchant account services now supports the Electronic Transactions Association’s Certified Payment Professionals (CPP) certification program. Measuring professional performance in the payments industry and establishes a higher level of excellence among sales professionals. The program signifies that an individual has demonstrated the elevated level of knowledge and skill competency demanded in today’s complex electronic payments environment. The program rewards sales professionals for their knowledge of the industry, allowing them a competitive advantage over others within the industry that do not hold CPP certification, reflects relevant expertise in an ever-changing market, improves customer satisfaction, demonstrates knowledge of industry and government regulations, enhances credibility and demonstrates a higher level of commitment to the field of practice.

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STG Acquires PJM Business Systems

Buffalo-NY based Systems Technology acquired PJM Business Systems, which specializes in POS solutions and inventory control systems for its clients located primarily in the northeast. All PJM Business Systems clients will benefit from STG’s North American help desk and custom software development capabilities. Peter Masse, principal, will bring his 30 years of retail experience to the STG team. STG is partnered with IBM and Microsoft to deliver POS solutions for restaurants & bars, retail stores, liquor stores & boards, hotels, casinos, courts, school systems, state parks, gift shops and cafeterias.

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VantageScore Intros Credit Score Education

VantageScore Solutions and credit scoring model, announced the availability of a three-part white paper series that addresses and clarifies a number of issues regarding how credit scores are used by lenders. Available on VantageScore Solution’s refreshed website now addresses what a three-digit credit score actually means; How lenders use credit scores; and how to compare different credit score model ranges. The VantageScore credit scoring model is used by numerous lenders, making billions of decisions annually, including four of the top five financial institutions, the top five credit card issuers, two of the top five auto lenders, and one of the country’s largest mortgage lenders.

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Citi Launches Transaction Reconciliation

Citi launched its Citi Straight-Through Reconciliation (STR) product which simplifies and automates the way payments transactions are reconciled and exceptions are managed. This service was developed in partnership with clients that leverage CitiConnect to access Global Transaction Service’s payments across 96 countries. Combining a range of channels and instruments with enriched transaction data, “Citi STR” delivers standardized statement reporting which can significantly improve automated reconciliation, and speed up cash applications, allowing customers to receive globally consistent itemized and enhanced statements to support their straight-through reconciliation needs, as well as exception reporting to aid in investigations.

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The Bunker Hosts PCI DSS Certification Seminar

The Bunker Cloud Computing is hosting a seminar focused on achieving PCI DSS certification for retailers and IT service providers with a proven approach to achieving certification. Delegates will receive invaluable insight into recent developments and the retail sector’s progress with adoption of the security standard, as well as unprecedented access to PCI DSS practitioners from The Bunker and their partner Convergent Network Solutions (CNS); the leading specialist security and networking consultancy.

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Ukash launches internet safety campaign

Ukash launched a national advertising campaign to spread messages of internet safety, to coincide with Get Safe Online week (7th-11th November 2011). The campaign will feature advertisements in national and local print media, national radio and online banners. Ukash hopes to target existing Ukash users as well as new audiences. The campaign positions Ukash as the safe way to shop online if used correctly. “Get Safe Online Week” is annual event supported by the Government to raise awareness of internet safety issues and provide advice to allow people to use the internet confidently, safely and securely – similar to Ukash’s own values.

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Euronet Expands Network, Acquires Diebold ATMs

Euronet Worldwide and its wholly owned, “Bankomat24/Euronet Sp. z o.o.” acquired ATMs from Diebold Poland Sp. z o.o. The acquisition includes 535 ATMs and over 350 retailer contracts for select sites where the ATMs are currently installed. This brings Euronet’s total owned and managed ATM network in Poland to over 3,500 devices, providing it a unique opportunity to expand relationships with many leading retail and bank brands and to deliver a diverse portfolio of value added services to end-users.

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mPayments Slated to Skyrocket

Some of the initiatives that demonstrate teh Absa commitment to sustainable innovative solutions include contactless payments; in-store Banking; remote Account Opening App; Absa “CashSend;” and “Pay in Your Currency. The mobile phones will become the key device for making payments, with 44% of urban mobile-phone users now access banking services via phones. Customers aged between 26 and 34 years are the highest users at 41%, while 11% of people older than 45 utilise it.

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Average Card Rate Running Down 15%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Pre-recession average credit card interest rates hovered around 16%- not far off the current 14.98% average- before dropping to a rock bottom 12.64% back in 2010. Rates have been on their way up since the June average of 14.83% and now sit at record highs. As for the months between, February…

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Visa Promos Super Bowl XLVI Ticket Giveaway

Visa kicked-off its national marketing campaign on social, traditional and digital media channels to get the word out on its “Visa You and 10” Super Bowl Sweepstakes. Offering cardholders the chance to win a trip for themselves plus 10 friends to Super Bowl XLVI, the campaign features a long-form web film hosted on Visa’s Facebook page and YouTube channel, in addition to network commercials, “The Entry” and “Superfan Invitation,” telling the story of one fan who won the Visa You and 10 Super Bowl Sweepstakes with a swipe of his Visa card. The “Visa You and 10 Super Bowl Sweepstakes” requires no purchase or obligation to win and contestants need only use their Visa card through Dec. 27 for all an expenses paid trip to the big game.

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