CIT Launches Online Bank Offering

CIT Group launched its CIT Bank online FDIC-insured consumer bank. Offerings include a range of certificates of deposit (CDs) that offer competitive rates, depending on the product type, and are designed to help consumers meet their savings goals. The Bank CDs will have no account opening or monthly maintenance fees. They include ACHIEVER CDs, which offer consumers a one-time opportunity to increase their savings potential and JUMBO CDs, which offer consumers higher certificate of deposit rates for larger deposits.

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Global Payout Appoints Board Member

Gil Hooper has been appointed to the Board of Directors of Global Payout, bringing with him an extensive background as an international payments sales and marketing professional. He is seasoned as an exec in international banking, debit card issuing and processing, eWallet systems, cross border remittance and mobile payment applications and is currently the CEO of Boundless Payment Solutions and the Managing Partner of 3G Consulting. He also advises leaders in the banking, debit card and the evolving mobile payments industries.

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Motion Introduces Mobile Productivity Solution

Motion Computing mobility solutions launched its “Motion CL900 SlateMate,” a patent-pending and industry-first productivity tool that extends the functionality of the CL900 Tablet PC. Securely integrated into the tablet PC’s internal frame, the first CL900 SlateMate module includes a magnetic stripe reader (MSR) and barcode scanner (BCS) for mobile data acquisition and transaction processing. Built on the foundation that purpose-built integrated tools maximize the benefits of tablet PC deployments, SlateMate was designed to enable the future delivery of new integrated configurations that meet the needs of users across vertical markets. The CL900 SlateMate with MSR and BCS transforms the CL900 into an enhanced data acquisition and transaction processing device.

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Constant Contact Offers Email Marketing Solution

Retail Pro International and Seamless Receipts have partnered with Constant Contact to bridge the gap between securing email addresses from customers and transferring those email addresses into marketing databases. Integrations allow retailers to eliminate the process of manually extracting data from their POS system and move segmented customer lists directly to their Constant Contact Email Marketing database. Full customer name, address and phone number, as well as almost all other customer fields such as store credit, charge balance, and UDF fields can be exported from Retail Pro POS into Constant Contact, and with Seamless Receipts, retailers can deliver electronic receipts to customers, engaging them with branded communications and personalized promotions beyond the purchase.

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Moneris Launches mPayment Terminal

Moneris Solutions credit and debit card processor launched its e-Select plus Mobile App, letting merchants accept credit card payments using their smartphones and capture sales. Merchants can obtain real-time authorization, send email receipts to customers, and generate reports on transaction history through their mobile devices. The bundled card reader accessory plugs into the audio port of the smartphone, allowing credit cards to be swiped for ease-of-use.

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Mint Partners to Kickoff Transaction Processing

Mint Technology has signed a binding MoU with Carta Worldwide transaction processing to introduce its Mint Global Processing (MGP), 55% ownership to Mint and 45% to Carta Worldwide. Mint Global Processing will process Mint’s own prepaid and payroll card’s and in addition will be a full service, third-party transaction processing company capable of processing a range of mobile banking and other financial products throughout the Middle East and North Africa (MENA) for other financial institutions.

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GlobalCollect Educates Payment Industry on Gaming Platforms

Business Development Manager EMEA, Online Video Gaming at GlobalCollect, presented insights and findings on online gaming trends at Vendorcom’s recent eCommerce Special Interest Group (SIG) event. With this was a detailed overview of the various online video gaming genres before delving into best practice payment strategies to turn players into payers, having covered various aspects of how to monetize online video games in different markets across the world and share of wallet across all platforms while addressing Overview online video gaming markets Europe and the US; How emerging markets differ from established Western markets; Spending on social and MMO games and player/payer demographics; Business models: Virtual item sales versus subscriptions; and Payment preferences broken down by country and payment methods.

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Citigroup Posts 2011 Net Income Up $1.5B Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citigroup posted a net income of $3.8 billion for its 3Q/11, 74% higher than the year ago period and 13% over 2Q/11, while revenues reached $20.8 billion, up only marginally from the year ago and 2Q/11 figures.Citicorp revenues, excluding CVA, were down 2% from the prior year period largely due to…

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Capital One Launches Spark Small-Business Minded Cards

Capital One Financial Corporation is offering small business more rewards with the introduction of its “Spark Business” Small Business Credit Card portfolio. The “Spark Miles” and “Spark Cash” cards offer double miles or 2% back on every purchase and are intended to fill the void in the small business credit card category with value, tools and benefits to help manage a business and save time. It also has no limits to the amount of cash back that can be earned while the “Spark Miles” card offers double miles on every purchase with miles that will not expire. Also, “Spark Cash” offers a One-time $100 bonus and a one-time $50 bonus for signing up for one or more employee cards while the “Spark Miles” has a One-time 10,000 mile bonus and a one-time 5,000 mile bonus for signing up one or more employee cards.

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First Data Addresses New Security Implementations

First Data Corporation electronic commerce and payment processing expanded its product solutions, adding Consumer & Commercial Payments, Information & Analytics Solutions and Advanced Solutions & Innovation offerings for merchants and financial institutions. This includes “DefenseEdge” decisioning solution gives financial institutions (FIs) a more accurate measure of potential risk and the ability to identify fraud as it happens, reducing the number of false positives while offering a higher level of transaction security. Meanwhile, its “SpendTrend Insights” Fraud Analysis offers a robust, ad hoc reporting tool that captures and analyzes transaction data to improve fraud trend identification within an FI’s portfolio. Additionally, “Merchant Alerts” is available to merchants through an application within the BusinessTrack secure portal and “Token Pay/Self-Checkout” solution lets merchants offer payment services within a mobile application.

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