MoneyGram International Participates at Investor Events

MoneyGram International will participate in two upcoming investor events – the J.P. Morgan Technology, Media and Telecom conference on May 17 and the Bank of America Merrill Lynch Services One-on-One Conference on May 25. At the 39 th Annual J.P. Morgan Technology, Media and Telecom Conference, MoneyGram will be represented by Pamela Patsley, chairman and CEO, Alex Holmes, senior vice president of investor relations and corporate strategy, and Ian Dunhill, vice president finance.

Details

ABA AND BITS CHOOSE VERISIGN AS REGISTRY OPERATOR

The American Bankers Association (ABA) and BITS, the technology policy division of The Financial Services Roundtable, are working to prepare the financial services industry for potential new financial generic Top Level Domains (gTLDs) and have teamed with VeriSign, the trusted provider of Internet infrastructure services for the networked world, to serve as their exclusive registry operator. The Internet Corporation for Assigned Names and Numbers (ICANN) new gTLD initiative could result in an unprecedented number of new consumer domains. As gTLD expansion progresses, BITS, ABA and Verisign will work together to protect the integrity of online financial services around the globe with the possible introduction of new financial services domains. ICANN has targeted June for the completion of the requirements and may begin accepting new gTLD applications by October, with the first approved gTLDs aimed for implementation in 2012.

Details

Fiserv and Investance Partner

Fiserv partnered with Investance global management consulting firm dedicated to the financial services industry. Investance brings a broad portfolio of services that will complement and strengthen the reach of Fiserv into the global financial services market. As a trusted consulting partner to Fiserv, Investance will gain a unique and in-depth understanding of Fiserv’s industry leading technology solutions for reconciliation and financial crime risk management, and advise clients on how best to leverage these recommended solutions.

Details

Oberthur Technologies wins the Elan award

Oberthur Technologies secure technologies was awarded the coveted Elan Award for Best Secure Financial Card Design at the International Card Manufacturing Association (ICMA) EXPO. ICMA is the largest association of plastic card manufacturers and personalisers in the world. Its purpose is to promote the plastic card industry and the value of its products and services. Oberthur Technologies won the design and manufacturing award for the Miss Kitty Perfume card for China Merchants Bank (CMB), one of the top 100 banks in the world. The card uses Oberthur Technologies’ new Smart Fragrance technology- allowing the cardholder to put its own perfume or sent of choice into its card.

Details

Sweet Tooth & Magento Provide Customizable Loyalty System

Sweet Tooth is now a Platinum Magento Partner allowing it to bring customizable and flexible loyalty programs to Magento merchants around the world. Sweet Tooth is used by eCommerce leaders around the globe to set up customer loyalty programs within their online store and to reward customer behavior. Sweet Tooth is highly customizable, allowing merchants to optimize their rewards programs to best engage their customers. Using Sweet Tooth’s custom rule system, merchants can match a subset of products in store by category, SKU or almost any other attribute to specify how they want customers to earn and spend points.

Details

BMO Introduces Home Ownership App for iPhone and Android

BMO Bank of Montreal launched the BMO Home Ownership App mobile tool that helps homebuyers manage the complexity that comes with making the biggest purchase of their life. The latest app, available on iPhone and Android smartphones as part of the BMO Marketplace App, helps homebuyers to calculate potential mortgage costs, store and track information on properties and access expert advice on-the-go. A BMO survey shows 94 per cent of consumers who use online or mobile home buying applications found these tools useful. Furthermore, 45 per cent turn to online resources such as websites and blogs for financial information and advice.

Details

R.K. HAMMER LAUNCHES UPDATED CARD ANALYSIS RESEARCH

International card industry expert, R.K. Hammer, has expanded their research and analysis report practice, which is available to card issuers, hedge funds and other investors, and government agencies. In addition to their most often viewed annual year-end series of card revenue/expense/profit reports, many new card industry analysis and research reports have become available online.

Among others recently added to the traditional R.K. Hammer menu of portfolio valuation and profitability/risk reports are:

“The Due Diligence Examination Process”
“Getting the Most Value for Your Credit Card Portfolio”
“Computing Card Portfolio Transaction Value”
“# of Card Portfolios Sold Since 1990, by Geographic Region”
“Issuer/Acquirer Vendor Selection Questionnaire”
” # of Card Deals Done Since 1990 by Asset Size Range”
“Cost Per Acquired Card Account, 2000 – 2010”
“Private Label vs. National Brand: The Great Migration”

Details

Global Cash Posts 15% 1Q/11 Revenue Loss

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Cash Access Posted 1Q/11 revenue of $134.4 million for 15.2% of $24.1 million from the year ago figure of $158.5 million. This revenue drop was thanks in great part to the loss of its largest customer in late 2010, which accounted for approximately $20.9 million in 1Q/10 revenue, in conjunction…

Details

Heartland Payments Expands Network Solution

United Refining petroleum products has partnered with Heartland Payment Systems payments processors for the Heartland “SmartLink” network services to all United Refining locations in New York and Pennsylvania. The “SmartLink” secure, managed network service consolidates multiple in-store devices onto one high-speed broadband line for increased operational efficiency to effectively support transaction data and back-office systems, allowing petroleum and c-store operators to spend less time managing their networks and more time focusing on their business. Its merchant gateway provides operators with monitored, firewall-protected, VPN communications for automatic tank gauges, in-store environmental control systems, back-office systems, digital signs, email and Internet. SmartLink’s payment gateway provides a distributed and segmented SSL network to support transactions generated by point-of-sale (POS), money order, check cashing, ATM and fleet card terminals. “SmartLink” allows operators to utilize DSL or broadband to connect all business applications into one fully managed network that supports high-speed POS transactions, ATMs, back-office reporting, and tank gauge monitoring while adding PCI-compliant network security.

Details

Element Payment Services Launches PCI Compliant Processing

Element Payment Services PCI compliant payment processing released its “CardSense” PCI DSS compliant payment technology available for both merchants and software providers. Allowing merchants to identify a customer’s payment card type prior to processing a transaction resulting in risk mitigations, lower transaction fees and proper handling at the point of sale, “CardSense receives an identifier that allows the merchant to distinguish between a PIN debit, prepaid debit and healthcare cards. All merchants do is swipe or manually key a customer’s card as normal to determine how they want to proceed with the transaction. This is designed to help users make informed decisions about how they accept payments and ultimately more effectively manage processing expenses.

Details

ChargeSmart and Plastic Jungle Allow Gift Card Bill Payment

ChargeSmart online consumer bill payment portal and Plastic Jungle secured gift card exchange partnered to let customers use unredeemed gift cards to make payments on utility, car and mortgage bills. This new gift card exchange solution was officially debuted this afternoon at FinovateSpring 2011, the high-profile banking technology conference held in San Francisco, and will be available to the public within the next couple months. Merchant-issued- or closed loop – gift cards now represent $90 billion of the U.S. economy, and an estimated $30 billion in gift cards are unredeemed at any given time. Plastic Jungle brings liquidity to the secondary gift card market by allowing consumers to buy gift cards at their favorite stores for savings up to 35 percent, sell unredeemed gift cards for up to 92 percent of the gift card value, or donate the value of unused cards to their favorite cause.

Details

American Express & vente-privee.com Kickoff JV

American Express and vente-privee.com online private sales kicked off their JV to introduce vente- privee.com online store for luxury fashion and lifestyle products in the U.S. market. The vente-privee.com’s European websites offer sales of designer brands with preferential pricing for its members for limited amounts of time and will offer a new shopping option for consumers while enabling brands to connect with new audiences. The vente-privee.com reputation for customer service and quality merchandise has helped to shape the private sales industry and has spawned a host of imitators around the world while its JV with American Express marks the latest move in online commerce solutions and continues its commitment to serving as a connection point between customers and businesses. The new online platform will help American Express engage with an expanded audience while also introducing vente-privee.com and its participating brands to a broader range of consumers. The new site will be available to all consumers and will be the online destination for highly desirable products, services and experiences with each offer having been carefully selected from leading global brands.

Details