Xpress Money Launches Instant Money Transfer

Xpress Money global money transfer services has expanded its services to Canada with its secure system allowing, quick international remittance. Xpress Money grew their business to 95 countries around the globe and now has more than 85,000 agent locations throughout the world. Xpress Money is known for their reasonable transfer charges and competitive exchange rates, they also offer the choice of sending money directly to a bank account along with the option to personally collect cash at an agent location and in some countries the option to deliver money to the receiver’s door-step.

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Think Finance Appoints New Chief Information Officer

William A. Kontgis has been appointed CIO with Think Finance next-generation financial products for managing everyday expenses. Kontgis brings with him over 20 years’ experience after having most recently served as CIO for Green Dot Corporation. Here he was responsible for transforming the company’s IT operations to help meet future capacity and performance needs. In his new role, he will lead the further development of Think Finance’s proprietary technology platform that supports the company’s innovative products for the financially underserved.

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Sainsbury Launches Ultra Low APR Credit Card

Sainsbury’s Finance is launching its credit card with the lowest APR currently available, offering a representative APR of 6.9% on new purchases and balance transfers. With no balance transfer fees, this is the third sub-7% credit card to hit the market in the past four years and currently offers the lowest APR available in the UK. The new card joins the Sainsbury’s Nectar Credit Card (16.94% APR Representative), which offers double Nectar points on Sainsbury’s shopping in-store, online and in petrol filling stations for two years, a 15-month 0% introductory offer on balance transfers (3% fee) and a 6-month 0% introductory offer on purchases.

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Travel Cash Prepaid MasterCard Junks ATM Fees

Travel Cash Prepaid MasterCard recently scrapped ATM withdrawal fees on all three of their prepaid currency cards. This gives “my Travel Cash” cardholders access to cash machines abroad safe in the knowledge they will not be hit with additional ATM charges that are incurred when using most credit/debit cards abroad. These “my Travel Cash” cards also rewards customers for their spending abroad with 1% cashback on all purchases paid directly to the prepaid card account every month. The amount earned is only limited by how much the cardholder spends.

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Average Credit Card APRs Continue Slow Upward Ascent

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Core credit card interest rates have remained pretty consistent throughout 2011. At the start of the recession average credit card APRs hovered around 16% before dropping to a rock bottom 12.64% back in 2010, encouraging a much-needed boost in borrowing. Over the past 10 months since the beginning of the year,…

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Dynamics Wins FinovateFall 2011

Dynamics next-generation payment cards won Best of Show of FinovateFall 2011 in New York City for the second year in a row for its “Chip and Choice” technology. Addressing EMV flaws, Dynamics’ “Chip and Choice” technology includes a secure, embedded chip and an exposed chip. A user can select different payment options by pressing different buttons on the card. Dynamics’ secure, embedded chip then writes a different, temporary chip profile into the exposed chip based on the user’s selection. In doing so, a user can select and use different payment applications even with readers that do not support such applications. This level of flexibility, unique to Dynamics payments cards, negates the needs for costly infrastructure updates in order to deliver powerful new functionality to merchants, networks, card issuers, and consumers.

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AmEx Launches SMB Financing Program

American Express launched its Merchant Financing financing products, offering qualified merchants access to cash for their business needs. This gives merchants the opportunity to leverage their relationship with American Express to tap into a convenient and hassle-free source of capital, which is repaid automatically through settlement charges and accompanied by low fixed fees. American Express maintains direct relationships with its merchant customers and as a result, has a unique ability to meet merchant needs. This financing program enables SMBs to better manage their cash flows on a regular basis monthly – A one-year term with 12 monthly loan disbursements each up to $500,000, where the cash financing amount is extended at the beginning of each monthly period and is repaid in full by the end of each monthly period- or annually – A one-time loan disbursement that is equal to 25% of projected annual American Express charge volume, up to $750,000, where the loan is paid down in full by the end of the one year financing term.

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Bluepoint Joins Symitar Vendor Integration

Bluepoint Solutions item processing and enterprise content management has joined Symitar’s Vendor Integration Program (VIP). Symitar of Jack Henry & Associates provides core processing solutions and enterprise-wide automation for approximately 750 credit unions. VIP membership enables Bluepoint to integrate its ImagePoint product line with Symitar’s online banking and core processing systems. Bluepoint now has access to Symitar’s implementation, programming, quality assurance and testing support, eliminating most compatibility or technical issues that may have once challenged credit unions wanting to use this service.

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Ceridian Intros B2B Gift Card Portal

Companies can now offers a method to purchase a wide variety of gift and prepaid cards for employee rewards and recognition with the SVS B2B bulk gift card ordering portal through Ceridian. The SVS B2B Portal features dozens of popular retail, dining, travel and entertainment merchant gift cards. In addition, our Network Branded Prepaid Incentive Card is available in four distinctive designs, and companies have the option of imprinting their corporate logo on these cards. Cards may be purchased in a minimum quantity starting at 20 cards or $500.00 in value per order.

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Intuit Debuts Next-Generation m-Payments

Intuit unveiled its next generation of mobile products that will expand its portfolio of connected services. These range from innovations that will make it easier for the smallest of businesses to accept credit card payments, to others that will help doctors and patients communicate quickly, to a banking application that allows consumers to deposit a check from anywhere with just their mobile phone. With this, it introduced its Innovation Gallery Walk of more than 20 mobile solutions designed to help Intuit’s 50 million customers manage and improve their financial lives. Here Intuit introduced its “Financial Services Consumer Mobile Solutions”; “Prepaid Debit Card for Intuit GoPayment”; “Health iPad Patient Check-In and Mobile Inbox”; and its “ProOnGo Expense for Intuit App Center.”

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