10% More Planning to Budget This Season Than Last

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa research is now indicating 58% are planning a holiday budget before their shopping commences, up 10% from the year ago period, while 7% expect to have more to spend and 31% will have less. Moreover, 78% would rather receive a Visa Gift card than a gift card for a specific…

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Sovereign Bank to Implement Epson Check Scanning

Epson America banking and payments solutions announced the Association for Financial Professionals Conference (AFP) that Sovereign Bank will offer its “CaptureOne” line of check scanners. Complementing the Banks Onsite Check Deposit remote deposit capture (RDC) service, “CaptureOne” enables fast, two-sided check scanning with the highest MICR accuracy in its class and industry-leading two-year warranty, allowing business customers a secure and efficient way to process check payments directly from a business location, reducing check handling costs and improving cash flow.

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Regions Bank Launches Ole Miss CheckCard

Regions Bank customers now can express their support for the Ole Miss Rebels with their Regions Visa CheckCard because the Bank is introducing a new University of Mississippi CheckCard with the Ole Miss logo and signature navy and red colors. Available beginning November 23, the products can be used with all Regions Bank consumer checking accounts. The offering also makes available to customers Regions “Cashback Rewards,” a free program offering online banking customers cash back; Regions “SafeGuards” security features and fraud protection; and Worldwide access. Regions Bank is the official bank of the Southeastern Conference, also offering branded CheckCards and checks affiliated with Mississippi State University Fan Pack, the Florida Gators Fan Pack and the University of Alabama Fan Pack.

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Citi Refine Card Spend Program

Citi enhanced its spend analytics tool, “Citi Working Capital Analytics” (CWCA) refined its Citi Commercial Card programs. The CWCA in-depth consultative service analyzes an organization’s spend data to provide comprehensive visibility into their overall expenses. Clients receive actionable reporting and benchmarking data to help them better understand how and where they are spending. These enhancements provide additional insights enabling Citi clients to capture more spend using Citi Virtual Card Accounts (VCA). The global payment solution allows companies to create single-use 16-digit plastic-less account numbers for vendor payments. Transaction-level controls, enhanced workflow tools and robust reconciliation data allow clients to further optimize their Purchasing Card programs.

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Panini Showcases RDC at National Conference

Panini is sharing their remote deposit capture (RDC) expertise directly with business organizations, showcasing its remote deposit innovation. Panini has been independently confirmed as the market share leader in the RDC industry for the past five consecutive years, and offers a full range of innovative hardware and asset management software to complete any remote deposit solution. Its scanner management solution, “Panini Avantor,” and their remote deposit check scanning products including the “Panini I:Deal,” “Panini wI:Deal” and “Panini Vision X.”

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Citi Expands Mobile Card Access

Citi expanded its GTS Mobile functionality, with new differentiated offerings for its Commercial Cards and Treasury Services clients. Citi Commercial Cards, responding to growing demand from clients around the world, announced the availability of mobile alerts for cardholders and Program Administrators (PAs) in Colombia, India, Singapore and now, the United States. Citi’s corporate cardholders can manage their expenses and keep track of their corporate spend regardless of day, time or their location via their mobile devices. With this, the mobile messaging now offers Citi’s US corporate cardholders the ability to receive four Short Message Service (SMS) alerts indicating Statement is ready to be viewed; Payment is due; Payment is past-due; and Payment has been received.

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Benefit Concepts Improves Flexible Spending Account

Benefit Concepts has launched a new and improved Flexible Spending Account System, simplifying and updating the substantiation process for Stored Value Card (debit card) expenses. Stored Value Cards are very convenient and are used to pay for out of pocket health care expenses. Most of the time there are no further administrative requirements for the participating employee. However, about 10 to 15% of the time the FSA participant is asked to submit proof for the card expense.

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3i Infotech & Online Resources Ink Reseller Agreement

3i Infotech Billing & Payments software and solutions for the end-to-end corporate revenue chain, and leading financial technology provider Online Resources Corporation, announced a reseller agreement that will deliver a complete electronic payment and processing solution to customers. With this, the companies will integrate Online Resources’ “Payment Advantage” solution, allowing electronic payments on a one-time basis or through enrollment, with 3i Infotech’s presentment and processing solutions. The new relationship is part of 3i Infotech Billing & Payments’ Center of Excellence and core to its ongoing channel management consolidation strategy designed to optimize client revenue chains through improved efficiency, simplicity and cost controls.

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PrepaYd Wireless to Present at Industry Summit

PrepaYd Wireless Mobile Virtual Network Operator (MVNO) and a wholly owned subsidiary of PrepaYd will be presenting a Case Study on Mobile Financial Services at the MVNO Industry Summit USA November 8-9 in Dallas. PrepaYd Wireless wireless service provider offers Mobile Financial Products, as its parent company PrepaYd is an established Tier 1 service provider of prepaid debit cards and other financial products that are critical components in providing Mobile Financial Services.

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Citi and the NeuGroup Principles Define Cash Management

Citi and The NeuGroup year-long collaboration identified core treasury and cash management principles to guide any treasury department aspiring to become world-class. The joint research program between Citi’s Global Transaction Services and NeuGroup’s Global Cash and Banking Group (GCBG) was comprised of 25 Fortune 500 senior treasury practitioners from across a variety of industries. The partnership subsequently developed principles across 15 treasury operations and cash management categories to aid companies in defining what a world-class treasury operation looks like and help them determine when they have achieved their goals. These focus on what is needed to drive success and covers categories from organization structure to liquidity optimization, operational efficiency, and technology.

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eBay Launches Shopping Destination for Charity

eBay launched its “eBay.com/celebrity” shopping destination website emphasizing celebrity experiences, memorabilia and merchandise with philanthropic causes. As part of eBay’s charitable platform eBay Giving Works, eBay Celebrity establishes a differentiated experience for the shopping enthusiast and cause-oriented consumer by aggregating relevant celebrity content, charity auctions, and the breadth and selection of related products that are unique to eBay. Celebrity participants at launch include: Christina Aguilera, Jeff Bridges, Michael Cooper, Robert Duvall, Jimmie Johnson, Wladimir Klitschko, Sienna Miller, Hayden Panettiere, Katy Perry, Brad Pitt, Troy Polamalu, Tarina Tarantino, and Joe Walsh.

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