BRAC Bank to Accept JCB cards

JCB International, the international subsidiary of JCB, the only global payment brand based in Japan announced that BRAC Bank Limited (BRAC Bank), a leading commercial bank in Bangladesh, starts JCB merchant acquiring operations in Bangladesh based on a license agreement. With this agreement, JCB cards will be accepted at over 3,400 BRAC Bank merchants throughout Bangladesh by the end of October 2013. JCB has been planning to expand its existing merchant network in the region in order to meet the demands of JCB cardmembers visiting Bangladesh mainly for business purpose.

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Fidano Launches Flint+ mPayments

Fidano announces the launch of Flint+ Supported by Fidano, a next-generation mobile payments platform for small mobile businesses that operate outside of typical storefronts. The Flint+ program allows merchant service providers (MSPs), referral sources, credit unions, and community banks to easily offer a leading-edge aggregated mobile payments solution to their merchants and customers through a self-serve customizable channel registration portal. The Flint+ offering is an extension of Flint Mobile’s core application, which enables mobile businesses to accept credit cards by scanning the number instead of relying on additional external card reader hardware.

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Fiserv Partners Social Assurance on Social Media & Compliance

Fiserv signed a reseller agreement with Social Assurance to extend access to social media marketing and compliance solutions to banks, credit unions and investment advisors. With proposed social media guidance from the FFIEC, as well as myriad regulations governing advertising, financial marketing and employee engagement on social channels, financial institutions and their agents face special considerations when entering into social media. Social Assurance helps financial providers develop and implement strategies to support their marketing and communications goals, while also supporting compliance. The partnership between Social Assurance and Fiserv will bring this depth of expertise as well as social engagement tools to Fiserv clients.

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Celent Profiles BankAmeriDeals, Cardlytics

Cardlytics, the leader in Card-Linked Marketing, was recently featured in Celent’s report, “Using Data to Create Value for All Customers: A Case Study of Bank of America’s BankAmeriDeals Program.” It examines Bank of America’s implementation of Cardlytics’ card-linked marketing rewards program to understand what it takes to implement such a program at a large bank, what can be achieved and what lessons can be learned. The report revealed several key differentiators of Cardlytics’ program, including intensive measuring, monitoring, controlling and continuous improvement. Retailers are looking for new ways to deliver targeted marketing offers to consumers, at scale. The Cardlyics advertising platform uses purchase data from approximately 70% of US households to deliver millions of targeted marketing recommendations each month to millions of active buyers.

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Western Union mPayment Available on Sprint Prepaid

Western Union announced users of Sprint prepaid brands Boost Mobile and Virgin Mobile USA now have access to Western Union mobile money transfer services. Sprint’s Boost Mobile and Virgin Mobile customers can initiate a Western Union Money Transfer® transaction directly from the Money Center within the Boost Zone and Virgin Zone portals on their mobile phones. Western Union mobile money transfer services available through Boost Zone and Virgin Zone are enabled for select Android®-powered smartphones. Additionally, Virgin Mobile customers with an iPhone® can conduct a Western Union Money Transfer transaction via the mobile-optimized m.wu.com site.

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Boost mWallet Offers Quick Check Service

Boost Mobile announced a simple way for users of Boost Mobile Wallet powered by Wipit to turn their checks into instant cash funds, available in their Boost Mobile Wallet Plus accounts. The new service called Quick Check is available through the Boost Mobile Wallet powered by Wipit. The funds are loaded in users’ Boost Mobile Wallet Plus accounts, which are issued by Sutton Bank in association with Wipit. The Boost Mobile Wallet application offers international money transfer by Ria Money Transfer, bill payment, domestic and international prepaid mobile top-up, and money transfer capabilities to other Mobile Wallet accounts, all available through Wipit and its financial services partners. The application is available as a free download at the Google Play Store from a Boost Mobile Android-powered smartphone.

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TransCentra Wins Contract Expansions

TransCentra billing and payment software and services signed three new customers. These customers all signed contracts for TransCentra’s latest offering, which combines the company’s managed billing and payments processing services in a templated package, built and priced specifically for mid-market customers. TransCentra’s new mid-market customers are in the utility and insurance industries, although the billing and payments solution meets the needs of organizations across any vertical, including healthcare, financial services and automotive. The services give companies a single source option for managing their entire revenue cycle, from billing to remittance. The mid-market offering also handles all supporting correspondence in conjunction with a bill. Critical pieces of communication, such as new customer welcome letters or notifications for late bills, are available in a quick-to-market, templated form for organizations to roll out in as little as 60 days.

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Capital Access Network Appoints Veteran CFO

Capital Access Network appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray is leading the Finance and Accounting teams at CAN and will play a key role in long-range strategic planning and initiatives, including product expansion, aggressive digital distribution and lending capacity. Ray has spent the past 16 years in various finance leadership roles at GE Capital. Most recently, he was the Global Simplification Leader for GE Treasury. Before his role in Treasury, he was the Chief Financial Officer (CFO), Operations for GE Capital, Americas. He also served as CFO for several GE businesses, including GE Trailer Fleet Services, GE Global Electronics Solutions and GE Commercial Finance, India.

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ACI to Host Sibos on Middle Eastern Bank Innovation

ACI Worldwide is set to partake in the Sibos conference September 16-19. Here is will host a panel discussion on the topic of banking innovation in the Middle East, featuring speakers from Al Rajhi Bank, Bank AlJazira and others. In addition, the company will be leading a second session about how organizations can implement an enterprise payments strategy. ACI will be launching its first ever video blog series from the event. Aimed to provide insight and updates from Dubai, the daily videos will be posted to ACI’s blog “Expert View.” Event attendees, as well as those who are not able to attend Sibos 2013, can get real-time updates from ACI at the event via Twitter at @ACI_Worldwide (www.twitter.com/aci_worldwide).

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CARD MEMBER ATTRITION RATES SOFTENING

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card advisory firm R.K. Hammer has released their findings for card industry attrition and recent trends in this important metric. The R.K. Hammer model shows an average 12% “gross” attrition rate for prime card issuers for 2012, down from 14% for 2011. Gross attrition is defined as the percentage of…

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Western Union Expands Mobile Services to Sprint Prepaid Brands

Western Union global payment services announced users of Sprint prepaid brands Boost Mobile and Virgin Mobile USA now have access to Western Union® mobile money transfer services. Sprint’s Boost Mobile and Virgin Mobile customers can initiate a Western Union Money Transfer® transaction directly from the Money Center within the Boost Zone and Virgin Zone portals on their mobile phones. Western Union mobile money transfer services available through Boost Zone and Virgin Zone are enabled for select Android®-powered smartphones. After registering on Boost Zone or Virgin Zone, consumers can send money to the global Western Union agent network in 200 countries and territories worldwide.

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SugarCRM Works Partners Google to See Revenue from AdWords

SugarCRM, the company that makes every user a customer expert, today announced that it has integrated with Google’s new “Conversion Import” feature. With this new capability, organizations can track when clicks on Google AdWords ads result in sales or leads in the offline world. Google’s new “Conversion Import” feature, fully supported by Sugar, enables organizations and their users to measure how online leads convert into offline sales.

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