MoneyGram International Moves Headquarters to Dallas

MoneyGram International global payments is set to move its corporate headquarters to Dallas TX from Minneapolis MN as part of its global initiative to reduce costs and streamline global operations. Effective Nov. 1, the move will initially involve about 75 positions, growing to about 150 positions by mid-2012, to grow its current workforce of 2,600 global employees. Throughout Texas, MoneyGram has more than 3,350 agent locations. MoneyGram International has a global network of 203,000 agent locations in more than 190 countries and territories.

Details

Overstock.com Introduces MasterCard with Customer Rewards

Overstock.com, First National Bank of Omaha and MasterCard Worldwide have made available the “Overstock.com MasterCard” credit card. Offering enhanced rewards for Overstock.com customers, the card offers customers additional savings on Overstock.com online purchases, as well as reward dollars on other purchases made when using the card. Customers who sign up for the “Overstock.com MasterCard” credit card will receive a free membership to “Club O Rewards” customer rewards program, giving customers access to shopping events; sweepstakes; free shipping and 5% back in “Club O Rewards Dollars” on Overstock.com purchases. The “Overstock.com MasterCard,” with an additional 3% back in Club O Rewards Dollars on Overstock.com purchases, gives users a total of 8% back in rewards dollars on qualified Overstock.com purchases, plus an additional $10 Club O Rewards Dollars credit the first time the card is used.

Details

2Checkout.com to Provide Anchor Hocking Payment Processing

OH-based 2Checkout.com global online payment solutions will now process online payments for The Anchor Hocking Company. Anchor Hocking, a leading marketer and manufacturer of a comprehensive line of glass products for over 105 years, has launched its first direct-to-consumer sales portal using the 2Checkout payment processing platform. The partnership provides a way for Internet shoppers to purchase Anchor Hocking’s with the assurance of safe and secure payments. 2Checkout.com global payments solutions provider services approximately 60,000 online retailers, offering a fully automated suite of backend services, including multiple payment methods in multiple currencies and languages, world-class fraud protection, customer care and PCI data storage.

Details

Patent Office to Reexamine Card Activation Patent

Card Activation Technologies said that the United States Patent and Trademark Office has issued a Reexamination Certificate in the reexamination proceeding involving Card Activation Technology’s U.S. Patent number 6,032,859, confirming the patentability of most of the claims examined in the proceeding. Card Activation Technologies owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit cards, infringe its patent.

Details

Total Merchant Services Supports Spanish Language

Total Merchant Services credit and debit card processing service company has implemented a Spanish Language Outreach Support Program for their merchants. Enhancing communications between merchants and the merchant support team to accommodate merchants who prefer Spanish as their primary language, the program includes three important additions. These additions being all merchant application, agreement, terms, and credit card machine information will be available in Spanish; the terminal prompts that appear on the credit card machine when in use, will appear in Spanish; and in the event merchants need to contact the company’s merchant services support staff over any processing or account issue, bilingual representatives that speak both Spanish and English will be available, all for no added cost.

Details

Pivotal Payments Deploys Hypercom Terminals

Hypercom Corporation announced Pivotal Payments, a leading North American merchant services provider, has begun to purchase and is deploying up to 33,000 Optimum countertop and mobile card payment terminals to merchants throughout Canada over the next 36 months. The multi-million dollar rollout is believed to represent one of the largest in the country, and significantly strengthens Hypercom’s high security product footprint in Canada. Hypercom’s high security Optimum 4200 product family for North America consists of powerful 32-bit multi-application devices that share the same platform, user interface, and software toolkit to maximize efficiency, application portability, and offer customers a broad range of options to serve any market need.

Details

FIS Named Top Innovator by Bank Technology

Bank Technology News ranked FIS a top five innovators on its “The FutureNow List.” Acknowledging FIS for its work to further check fraud detection through “DepositShield,” the “FutureNow List” recognizes companies having set themselves apart with their security innovations and the contributions these products make to improving security within financial services organizations. The “DepositShield” is one of the solutions within FIS’ comprehensive Risk, Fraud and Compliance Suite. The product helps financial institutions prevent fraud-related check transactions and provides check cashing features with guarantee options.

Details

USHCC Names Heartland Payment Exclusive Processor

The United States Hispanic Chamber of Commerce (USHCC) has selected Heartland Payment Systems payments processors as its exclusive payment card processing provider. Advocating, promoting and facilitating the success of Hispanic businesses, the USHCC will utilize the Heartland pricing model. This model features true interchange-plus pricing: all bankcard interchange and fees assessed by the card brands are passed through to business owners without mark-up of any kind. Heartland founded the Merchant Bill of Rights public advocacy initiative that protects the rights of business owners and helps them control the costs and complexities of payments processing. The USHCC was founded in 1979 to tactively promote the economic growth and development of Hispanic Business Enterprises that together generate nearly $400 billion annually.

Details

Merchant Warehouse Launches ISO Agent Education

Merchant Warehouse merchant accounts and credit card processing solution has launched “Merchant Warehouse University” online resource center designed to provide industry thought-leadership and sales tools to independent sales agents looking to improve their industry knowledge and sales skills. What makes Merchant Warehouse University unique, is that although the materials are exclusively provided by Merchant Warehouse, outside industry experts provide insights about the financial services industry, and the site does not require users to be affiliated with the Merchant Warehouse Agent/ISO program. All independent sales agents are welcome and encouraged to participate in Merchant Warehouse University at www.mw-university.com.

Details

Eli Lilly FCU Implements Open Solutions Processing

Eli Lilly Federal Credit Union has completed the conversion from a legacy core platform to Open Solutions’ DNA enterprise-wide relational core platform to manage its processing needs. Open Solutions is a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets. Headquartered in Indianapolis, Ind., Eli Lilly Federal Credit Union has more than $954 million in assets and six branches serving approximately 48,715 members. Eli Lilly FCU is now one of more than 400 financial institutions that are running Open Solutions’ DNA, which capitalizes on the strength of Open Solutions’ unique universal data model and design.

Details

MasterCard Enhances Expense Management Platform

MasterCard Worldwide enhanced its “smartdata.gen2” expense management platform, providing advanced capabilities designed to drive greater control and increase cost savings for businesses of all sizes. New features include an enhanced expense reporting module, enabling companies and employees to seamlessly review and approve expenditures, online statements, receipt management, and data integration with the MasterCard inControl platform, which allows businesses to create Single Use Account numbers, and utilize rules-driven transaction controls and spending alerts. The new release not only strengthens current capabilities, but also provides companies with greater expense control and insight by automating and streamlining the workflow process for creating, submitting and approving employee expense reports. MasterCard SmartData serves 150 issuers and 466,000 companies in 53 countries, in all market segments as well as local, state, and federal government agencies. It features enhanced expense reporting; inControl integration; receipt upload functionality; online account maintenance; and paperless statements.

Details

BluePay Offers mCredit Card Processing

BluePay credit card processing is letting merchants go wire-free with advanced mobile credit card processing equipment at competitive rates, allowing them to take their business wherever they go. The BluePay mobile processing options, including its “ROAMpay” mobile credit card processing solution, are compatible with Exadigm, Nurit, Hypercom, Verifone and Way Systems. The BluePay’s mobile processing equipment and applications are PCI compliant, along with its secure credit card terminals for retailers, restaurants and more. The Company is making available its m-processing solutions to merchants in the U.S. and Canada through its tier 1 credit card processor.

Details