TD Becomes Primary Issuer of Aeroplan Visa

TD Bank Group, Aimia Inc.and Canadian Imperial Bank of Commerce today completed the previously announced transaction under which TD acquired approximately 50% of the existing Aeroplan credit card portfolio from CIBC. The portion of CIBC’s Aeroplan credit card portfolio acquired by TD primarily includes accounts held by customers who do not have an existing retail banking relationship with CIBC. Also as previously announced, TD will become the primary issuer of Aeroplan Visa credit cards on January 1, 2014.

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JCB Merchant Acquiring in Myanmar

JCB International Co., Ltd., and Myanmar Payment Union, announced that MPU and its member banks have started JCB merchant acquiring operations in Myanmar. With this launch, JCB cards will be accepted at over 2,000 MPU merchants throughout Myanmar starting December 2013. Prior to this arrangement, JCB cards have been accepted at limited locations in Myanmar since 1995. The partnership with MPU will significantly increase the number of JCB merchants in this country, which will improve the card acceptance for JCB cardmembers visiting the region.

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Conference Board Index Sees Fifth Consecutive Month of Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Having increased the past five consecutive months, the Conference Board Leading Economic Index for the U.S. was up 0.8% in November to 98.3 after a 0.1% increase in October and a 0.9% increase in September. This helps lift the six-month annualized growth rate to 5.1% from 3.7% in the previous six…

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Credit Card PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card purchase dollar volume (PDV) is slowing due to anemic holiday sales. Year-on-year growth is expected to decline to 8.2%, compared to 8.4% one-year ago. Citibank reported purchase dollar volume on credit cards rose a mere 1% from $19.1 billion one-year ago to $19.2 billion in the third quarter of…

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Americans Focusing on Cleaning Up Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Americans are getting their financial houses in order by paying closer attention to their credit scores and managing their debt, according to the inaugural “How America Buys and Borrows” survey by Wells Fargo & Company. Indicating Americans are focused on managing their credit, with nearly 60% having checked their credit score…

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MoneyGram Hits 200-Country Milestone

MoneyGram reached a company milestone and is now offering services in 200 countries and territories worldwide. The achievement follows new agreements with agents in Equatorial Guinea and Myanmar. The move to include MoneyGram services in Equatorial Guinea and Myanmar strategically targets previously underserved customers, and aims to bring customers closer through money transfers that can be made to and from locations across the globe.

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CashStar Announces Latest Gift Card Program Client

CashStar launched its eGift card program with Hacienda Colorado, giving consumers the option to personalize and send digital gift cards online and via mobile devices from the restaurant known for its signature Mountain Mex cuisine. The restaurant selected the CashStar platform because of its best-in-class platform and ease of implementing promotions to drive purchases and incremental revenue. The CashStar platform enables consumers to easily select the design and denomination for each eGift card, include a personal message, and determine delivery date and time all through Hacienda Colorado’s website. In addition to CashStar’s high-quality Web-based gifting experience, the platform also provides a specifically designed user interface for mobile devices.

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Brazil CPI

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Brazil’s economy is projected to increase by 2.3% in 2013 and 2.0% next year. However, the Consumer Price Index is headed downward (good news for consumers), by 20 basis points in the fourth quarter, according to RAM Research. Hosting the World Cup for the first time since 1950, Brazil is gearing…

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MoneyGram Announces Latest Agreement Renewal

MoneyGram renewed an agreement with Albertsons LLC to offer services at more than 600 locations across the U.S. The renewed agreement with Albertsons LLC includes provisions for a system upgrade which will allow customers to interact face-to-face with customer care agents while completing their MGI transactions. The agreement also includes provisions for fresh signage that will direct customers to the service desk for all MoneyGram support.

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Q2 Deploys Virtual Banking Platform

Q2 secured virtual banking and Urban Partnership Bank deployed upbAnywhere for online and mobile banking. Using the Q2platform, Urban Partnership Bank account holders can now securely access their bank accounts and manage money whenever and wherever they want using a computer, tablet or mobile phone. Q2’s technology offers Urban Partnership Bank convenient, round-the-clock banking for the underserved and under-banked populations of Chicago and Detroit. Q2 helped Urban Partnership Bank implement Anytime, Anywhere Access, mBanking and Better Record Keeping.

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SmartAction’s Artificial Intelligence IVR Solution PCI Certified

Smart Action Company has been awarded PCI DSS certification from the independent Qualified Security Assessor (QSA) firm, Tevora Business Solutions. The certification comes after a lengthy audit of every aspect of the technology and operations of SmartAction. The certification process verified that the company meets all Payment Card Industry security requirements (PCI DSS 2.0) as a service provider. SmartAction first earned PCI certification in 2011. The artificial intelligence based system handles many types of voice self-service including: order processing, customer service, scheduling, and billing-related calls in natural speech at a fraction of the cost of live agents – all within the industry-recognized security guidelines established by PCI.

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