Cardlytics Wins First Patent

United States Patent and Trademark Office has issued the industry’s first-ever patent for Cardlytics Card-Linked Marketing. Covering its proprietary, unique method of merging, or injected, targeted marketing offers within a transaction display of an online portal, U.S. Patent # 8,438,061 was awarded to Cardlytics’ CEO. Allowing Cardlytics to deliver millions of targeted marketing offers through its network of nearly 400 banks including Bank of America, PNC and Regions Bank. Cardlytics has a total of 5 patent applications related to its work in Card-Linked Marketing.

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TSYS Renews Nationwide Payments Agreement

TSYS renewed its payments agreement with Nationwide Building Society, a major provider of credit cards to 15 million members, for undisclosed terms. With this, TSYS will continue to process Nationwide’s UK consumer card portfolio, as well as supporting all of its contact centre operations. Nationwide has utilised TSYS’ outsourced payments processing solution, TS2, since 2008. Nationwide was awarded ‘Best Achievement in Customer Service’ at The Card & Payments Awards 2013 for their ‘Listening to Customers Campaign,’ which was undertaken with the assistance of TSYS Managed Services EMEA.

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Payoneer Secures E. Union E-Money License

Payoneer global payments company announced its wholly-owned subsidiary Payoneer EU has secured an Electronic Money license in Europe and expanded its management team to support the company’s rapid global growth. Oded Zehavi has also joined as Chief Revenue Officer. Zehavi is responsible for leading Payoneer’s sales, marketing and product activities globally. He previously served as the business development director for PayPal, where he led the inception of the PayPal services in the Middle East and Africa, and overall business growth within the region. Howard Gibbs has joined Payoneer as the Managing Director of Payoneer EU. Howard brings substantial experience in financial services with past leadership roles at MBNA, and other card and payments companies.

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Softgate Systems Partners Pay-O-Matic

Softgate Systems, a leading provider of retail bill payment solutions, and The Pay-O-Matic Corporation, the largest check-casher in New York and Metro area provider of walk-in payment services, announced that the two companies are working together to build an enhanced new payment platform for use with Pay-O-Matic’s independent agents. The new solution will create a fully integrated platform that leverages Softgate’s bill payment processing engine and combines the two companies’ complimentary products like expedited payments, prepaid wireless, international top-ups, and prepaid debit cards. Those using Pay-O-Matic’s current agent software will transition to POMLINK™, a single source solution, powered by Softgate, which will support all their payments needs.

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Discover Bank Provides Jobs for Military Vets

Discover Bank and Delaware’s Congressional Delegation of U.S. Sens. Tom Carper and Chris Coons and Congressman John Carney recognized the first group of employees to join a new Discover work-at-home jobs program for military personnel and their family members at a ceremony today at Dover Air Force Base. Discover’s work-at-home program provides training, resources and job opportunities for new employees seeking careers within the financial services industry. In addition to training, Discover supplies each new employee with the proper equipment and installation support to ensure a successful working environment at home. The new employees’ work will be coordinated out of Discover’s New Castle call center. Recruitment efforts for the new program focus on military personnel and their family members from the Dover Air Force Base and those associated with the base in the surrounding area.

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State of Washington Selects TIO for Payment Network

TIO Networks announced its partnership with the State of Washington Department of Social and Health Services and payment processor Paymentus to assist residents in paying State bills anywhere in the country. TIO will provide self-service kiosks and clerk-assisted software at key retail locations in the State, as well as on TIO’s existing network of approximately 57,000 locations throughout the U.S. for customers to make child support payments. Paymentus was built exclusively for the self-service channels (Web, IVR, Recurring), making it cost effective and easier for customers to pay bills. The company specializes in offering solutions for recurring, scheduled and one-time payments with patent-pending, real-time technology.

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Chase Names CEO of Merchant Services

JPMorgan Chase announced that Mike Passilla has been named chief executive officer of Merchant Services to oversee Chase’s growing payments and merchant services business including Chase Paymentech, Chase’s merchant offers business, as well as Chase’s recently-announced merchant payments initiative. Passilla has been a leader in the field of payments and technology for 23 years and joins Chase from Elavon payments processing, where he most recently served as president and CEO. Meanwhile, Dan Charron was named president of Chase Paymentech, the global payment processing and merchant acquiring business of JPMorgan Chase, and will report to Passilla. Since March, Charron has been the acting head of Chase Paymentech and prior to that served as the head of Client Services.

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NCR Expands Interactive Video Banking Program

Conestoga Bank is expanding its interactive video banking program with NCR Corporation. Available through “uGenius,” which NCR purchased in January 2013, the partnership allows the bank to install two additional personal teller machines (PTMs) into their new Bankwerx at Gateway branch in Wayne, Pa. Conestoga Bank’s PTMs connect bank customers to a live, remote teller via a two-way video/audio conversation over an ATM. The remote tellers have full control of ATM functions, creating an interactive experience in which customers can complete more than 95 percent of typical branch transactions and do them faster – with transaction times typically 33 percent faster than an average teller interaction.

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payleven Inks Huge Distributor for its Chip & PIN Reader

payleven mobile payment provider is making its Chip & PIN card reader available for anyone to buy off the shelf in Apple retail stores and on the Apple online store. This marks the first time ever that it has been possible to buy a card machine on the high street, lowering the barriers to entry for budding entrepreneurs wanting to start their own retail business. The small gadget links up with an iPhone, iPad or Android device via Bluetooth to make it quick and easy for anyone to start taking card payments from major card providers such as VISA and MasterCard. It can be used anywhere with mobile or Wi-Fi signal, making it perfect for plumbers, gardeners and electricians visiting homes, or markets, pop-up shops or boot sellers regularly on the move.

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APR Averages Continue Steady Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs saw the most change in May since January, dropping .02% to 14.93% after averaging a .04% change over the past year. This offers continued momentum to the ebbing 2013 APR credit card averages. This improvement, as trivial as it may be, follows a relatively lengthy period of…

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Heartland Financial Elects New Board Member

Heartland Financial USA announced Duane E. White was elected to the company’s Board of Directors. White is a founding director and investor in Minnesota Bank & Trust, a Heartland subsidiary established in 2008 with current assets of $127 million and a partner at Aveus, a management consulting firm. In his role, Mr. White provides executive level consulting to a variety of firms, focusing on improving performance and enhancing shareholder value with a particular focus on the financial services and health care industries. Prior to joining Aveus, he served as Managing Director at Polihua Holdings LLC, a consulting firm working with companies in the financial services and healthcare industries. Through his position with Polihua Holdings, Mr. White served as a consultant to Total System Services, Inc. (“TSYS”), leading TSYS’s healthcare initiatives, eventually joining the company as President of TSYS’s healthcare division.

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Handpoint Launches Chip & PIN mPOS

Handpoint mobile payments launched its new Chip and PIN mPOS system for small, medium and enterprise merchants, making available to any merchant a simple and secure way to accept Chip and PIN card payments with a mobile device. To address the complex security and IT requirements of larger merchants, the Handpoint mPOS can be adopted across multiple mobile platforms using the Handpoint API, while enterprise-level security is delivered by a point-to-point encryption on the Handpoint Chip and PIN card reader. The Handpoint Chip & PIN API enables merchants to easily adopt MPOS across multiple mobile platforms (iOS, Android, PC, WinMobile/WinCE) and integrate MPOS with their existing checkout systems. The API is also supported by an extensive Software Development Kit (SDK), freely available via the Handpoint website, and allows merchants to use their existing checkout systems on mobile devices, saving months of development timme in the process.

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