Chase Sapphire Announces Exclusive Rewards Package

Chase Sapphire cardholders can purchase or redeem Ultimate Rewards points for limited-edition Sundance Film Festival packages. As a Presenting Sponsor of the Sundance Film Festival for the fourth year in a row, Chase Sapphire Preferred is the only rewards credit card to offer such preferential rewards packages for cardholders at the Festival.Chase Sapphire released Opening Weekend Packages October 9, followed by Closing Weekend Packages October 10.

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Mobile Users Like Biometric Authentication

PayPal and the National Cyber Security Alliance unveiled the results from a new Zogby Poll highlighting the latest trends, concerns and misperceptions around mobile security and commerce. The survey is in support of National Cyber Security Awareness Month (NCSAM), an effort that educates millions of people each year about the importance of online safety and security. The national survey of more than 1,000 U.S. adults underscores how deeply entrenched in American’s daily lives mobile devices have become. For example, two-thirds of the people surveyed told us that their smartphone is never further than one room away, and one in ten said they keep their phone handy everywhere they go, with the possible exception of the bathroom. In addition, the survey highlighted the growing importance of mobile devices as a tool for shopping, with one in four respondents reporting that they complete at least one transaction per day on their smartphone, while one in six say they make at least 25 percent of all their purchases on their smartphone. The survey found that many people are open to new approaches to mobile security that would increase their safety. In particular, there are strong indications that many people are willing to take advantage of biometric technology to protect themselves against mobile security threats. The survey found that Americans are overwhelmingly comfortable replacing passwords with newer security technologies such as fingerprint identification (53 percent) and retinal scans (45 percent).

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TransCentra Names New President of Software, Technology

TransCentra, a leading provider of billing and payment software and services, has named Kevin Lee president of TransCentra’s software and technology group. Lee brings more than 15 years of experience in strategically guiding companies in the financial services technology industry, including leading several during times of rapid growth. Lee was previously president and CEO of CRE Secure, a leading cloud-based, secure payment solution, where he oversaw the organization’s technology development and overall strategic direction. Prior to CRE Secure, he was CEO of Skylight Financial, a prepaid debit card provider, where he was instrumental in growing and ultimately leading the sale of Skylight to Netspend to form Netspend Holdings in 2008.

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DOWNWARD TREND CONTINUES ON UNEMPLOYMENT FRONT

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] *Special Notice:* Unemployment statistics are currently not being updated due to the suspension of Federal government services. The last update to our unemployment statistics was September 9, 2013. During the shutdown period, Cardweb will not collect data or issue reports in this capacity. Updates to this data will commence when the…

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First Data Launches New POS for Small Business

First Data at Money2020 unveiled its “Clover Station” POS and business management solution for merchants. With the security and reliability of a terminal coupled with the flexibility of a cloud-based POS, Clover Station is the first solution to meet the complete spectrum of small to medium-sized business owners’ needs. First Data and Clover Network partnered to jointly develop the “Clover Station,” powered by intuitive, cloud-hosted software that comes with everything a business owner needs in one convenient package and is ready to work right out of the box. With its small footprint and state-of-the-art design, Clover Station hardware won’t take up a lot of space on a merchant’s counter, but will have a big impact on how they service their customers. First Data piloted the Clover POS solution with hundreds of small businesses in several U.S. cities. Feedback from the pilot indicated that business owners valued the benefits of the Clover solution through streamlined business operations and more time to interact with their customers. Clover Station will be made available to Bank of America Merchant Services small business customers by the end of 2013.

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SmartMetric Intros Fingerprint Concept Card

SmartMetric President & CEO Chaya Hendrick is in advanced stages for release of its fingerprint activated “biometric” payments card for use in North America. The biometric payment card is the only such card in the world affording the high level of identity and transaction security of biometrics built inside the card. The persons fingerprint is used to activate the card using the cards inbuilt fingerprint reader thereby allowing for card based biometric identification and card “turning on” using the cardholders fingerprint with the users fingerprint never leaving the card. The SmartMetric biometric card represents a giant leap in technological innovation that will be a game changing technology in the card industry according to the company President.

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Ceridian Announces Borbet Alabama

Ceridian announces that Borbet Alabama, a leading automotive manufacturer, went live on Dayforce HCM with Payroll, Workforce Management and Human Resources. Borbet Alabama is up and running with HCM capabilities that save time, control costs, engage employees and increase productivity. Dayforce HCM transforms human capital management from a collection of disparate systems reliant on fragile interfaces to a single, robust, real-time application with one employee record, one user experience and zero interfaces. Dayforce HCM enhances employee engagement and productivity, while greatly reducing administration time and costs. This single application includes Payroll, Workforce Management, Benefits, and Human Resources. Dayforce Payroll enables employees to view, edit, fix and preview payroll in real-time, enabling employees to be compensated accurately and on time, and eliminating batch processing and trial runs. Dayforce Workforce Management allows managers to plan and forecast labor requirements, aligns schedules with labor demand, and allows for accurate time tracking and compliance.

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Green Dot Names New CEO

Green Dot has named Grace Wang CEO, who joins from JP Morgan Chase. Most recently based in London, Wang held the position of Managing Director and Chief Financial Officer of Investor Services Sales for Europe, Middle East and Africa (EMEA) with JP Morgan. Prior to becoming CFO of that division, Ms. Wang held various senior finance and leadership roles at JP Morgan Chase since 2004, including EMEA CFO and Head of International Strategy and Business Development of the Treasury and Securities Services division. She will report to Steve Streit, Chairman, President and Chief Executive Officer and will assume her new role on November 18, 2013. She holds an undergraduate degree and MBA from Harvard University.

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American Express Serve Deploys Money Management Capabilities

American Express Serve announced its nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account. It features Direct Deposit, Bill Pay, Mobile Check Capture, Personal Financial Management Tools, and Reserve, which allows customers to put money aside for future expenses. The Free Cash Load Network allows American Express Serve customers to take cash to the register at more than 14,000 participating CVS/pharmacy and 7-Eleven stores and add it to their American Express Serve Account on its own Vanilla Reload Network. The can also add their paycheck or government disbursements directly into their Account through Serve.com and use their smartphone camera to snap a photo of a check and add it directly into their Account using the Serve mobile app. American Express Serve will charge a monthly fee of $1 beginning December 3, 2013.

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Fiserv Launches New Mobile Payment Solution

Fiserv launched its “Snap-to-Pay” capability for mbanking and payments solutions. Allowing users to pay bills quickly and easily with a snap of their smartphone cameras, “Snap-to-Pay” captures essential bill information, such as the company to be paid and the amount due, which is then used to automatically populate the appropriate fields on the smartphone screen. Snap-to-Pay leverages mobile imaging technology from Top Image Systems™ (TIS™), which enables mobile devices such as smartphones and tablets to accurately capture information from documents of all types and sizes. Snap-to-Pay allows consumers to set up a new biller to be paid, pay their bill and enroll in electronic bill presentment if they would like to have future bills delivered to their account as e-bills. Users save time and can avoid frustrating input errors because the functionality eliminates the need to tap in large amounts of information on the phone keypad, making bill payment a “snap.”

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Net Element and Pay.On Partner on Transaction Services

Net Element International is pleased to announce the launch of “TOT Platform” – a value-added transactional services platform. Launched in partnership with PAY.ON, the world’s leading operator of multi-channel payment infrastructure systems, TOT Platform will be the first offering of its kind in the region and will allow Net Element’s subsidiary TOT Group to offer its client-base innovative solutions in mobile payments and transactional services. TOT Platform is a high-performance transaction processing platform that complies with security standards and requirements applicable to the international payments market. The launch of TOT Platform will enhance TOT Group’s suite of value-added, innovative technologies and services in emerging markets.

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Consumer Credit Outstanding Up 5.5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 5.5% in August from last year to an adjusted $848B from 842.5B, continuing to erase all positive momentum seen in 2013. Continuing to grow, the August revolving credit outstanding is still not as high as the 2008 figure of $1trillion and is…

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