Online Check Imaging

Digital Insight Corporation unveiled new product functionality that allows online customers to request and view images of their checks when accessing ‘ AXIS Internet Banking’ and ‘AXIS Cash Management’. A check image server hosted either by the financial institution or a third-party check image vendor delivers the check image to the end user within either ‘AXIS Internet Banking’ or ‘AXIS Cash Management’. Digital Insight already has developed partnerships and interfaces with several check image companies, including BISYS Document Solutions and Wausau Financial Systems.

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edocs Clarify

edocs and Clarify Inc. announced plans to deliver the first integrated end-to-end offering for Internet billing and customer relationship management from industry leading solution providers. Clarify will integrate edocs ‘BillDirect’ Internet billing software into Clarify eFrontOffice. This will allow companies to web-enable their customer bill and statement data to present dynamic, interactive customer bills and statements online. This solution gives the eBusiness capabilities of Clarify eFrontOffice while also giving customers a single view of all their interactions with the company. By adding Internet billing capabilities, companies can quickly and easily provide both business customers and consumers with the ability to query, sort, analyze and pay bills online.

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Fighting Bad I-Merchants

CitX Corporation announces the launch of ‘CyberlSOX’ online credit card merchant account fraud prevention. The new system would enable businesses to verify the authenticity of credit card merchant account programs marketed by ISO. The ‘CyberlSOX’ service will be offered free to businesses through CitX Corporation’s IntraPayX e-commerce division and will feature a registry of participation merchant account ISA agents and credit card merchant account issuing banks. ISOs and issuing banks will be able to subscribe to the service and participate to have their merchant account program and services authenticated.

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Golden Cointstar

Coinstar Inc. announced a unique promotion aimed at encouraging Americans to return their idle coins to circulation. The promotion, which began this week will enable Americans who process at least $20 worth of change through a Coinstar machine to receive two of the United States Mint’s new Golden Dollar coins. Americans who recycle at least $20 worth of change through Coinstar will find a form at the end of their regular Coinstar transaction voucher, which works like a mail-in rebate.

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MC Fairy Tale

Beginning in May, every time debit MasterCard cardholders use their debit cards to make a purchase they will be automatically entered for a chance to win the Grand Prize of $10,000. MasterCard will provide a fairy godmother to help the winner spend the money. Participating member banks are guaranteed to have at least one First Prize winner from their debit cardholder base, estimated value of at least $100. Print and radio spots have been created to support this promotion along with member statement inserts, postcards, tent cards, posters and customizable web pages for member Internet sites. Several weeks ago during the telecast of the Grammy awards on February 23, MasterCard launched a Priceless execution called Fairy Tale, which follows the same theme and supports debit MasterCard.

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Old Kent Gets Hi-Tech

InteliData Technologies Corp. and Old Kent Bank announced the customer launch of Old Kent’s new Internet banking and bill payment system using InteliData’s ‘Interpose’ software suite. Using the ‘Interpose’ software suite Old Kent provides its customers with secure access to real-time account information and the ability to transfer funds and pay bills electronically using standard HTML browsers. Bill payment is handled through the ‘Interpose’ Bill Payment Warehouse, which allows Old Kent to process customer debits and payments to commercial accounts internally and to outsource external payments to third-party processors.

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Paycheck Accept

Equifax announced that Price Chopper has selected Equifax Check Solutions ‘PayCheck Accept’ fraud prevention system to combat payroll check cashing fraud. ‘PayCheck Accept’ reduces fraud by performing basic consumer identification authentication while validating Social Security numbers and comparing the check payee to identification information in the Equifax credit database. In January, Equifax launched ‘PayNet Secure’, giving merchants the exclusive ability to authenticate the identity of consumers and authorize credit card or check payment on their web sites.

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CompuBank Ranks

CompuBank announced that it ranks #1 in Banks Online by SmartMoney Magazine. CompuBank received top ranking for: Account Information, Security, Fees and Extra Products and Services. CompuBank’s first place ranking in the fee category is based on the fact that most of its services are free, including free basic checking, ATMs, wire transfers, bill payment, direct deposits, copies of checks and statements. CompuBank awards customers with ClickMiles for new accounts and a variety of everyday banking transactions.

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Amex’S New CIO

American Express announced the appointment of Glen Salow to the position of Executive Vice President and Chief Information Officer. He succeeds Allan Loren, who will retire from the Company in early May. Mr. Salow has been with American Express since 1997, most recently as Senior Vice President of Technology for the Company’s E-commerce activities and the U.S. Card and Travel Services businesses.

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