Glory Group Launches Cash Management Outfit

The Glory Group of Japan is now among the largest international cash management solutions providers, with more than 2,500 direct employees and a distribution network spanning more than 100 countries globally. With this, the total global business now has more than 9,000 employees and revenues exceeding $.1.5 billion per annum. The Glory Group Solutions is the combination of engineering and consultative experience from both legacy companies, enabling delivery of truly innovative, personalised solutions for clients. Glory and Talaris international distribution partners continue to be partners of the new Glory Global Solutions.

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DFC Announces Disappointing Fiscal Third Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global financial services for the unbanked and under-banked announced selected, preliminary financial results for its fiscal quarter ended March 31 with an adjusted EBITDA of between $52 to $54 million. Company lowers its fiscal 2013 diluted operating earnings guidance, which excludes any one-time charges or gains that may occur, the…

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Restaurant Manager POS Sees Growing Implementation

Action Systems Restaurant POS and long-time leaders in mobile POS solutions for restaurants announced that diverse restaurant concepts around the world are now running Restaurant Manager v18 software on the iPad and iPad Mini. The announcement highlights the latest addition to ASI’s wireless POS offerings and marks a ten-year milestone in a mobile POS product line that was first launched in 2003. Restaurant Manager has long been a leader in mobile POS solutions with features like the Write-On Handheld wireless ordering and payment system for the iPod Touch, and the RM Monitor remote reporting app.

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NCR Silver Announces Social Media Integration Solution

NCR Silver mobile POS solution has been enhanced to empower small business owners to provide marketing messages to customers via the NCR Silver email marketing engine and update businesses’ Facebook pages with the same messages at the same time. The NCR Silver social media update makes marketing to customers easier, with more impact, than ever before. With one click, small business owners can now engage in email marketing campaigns and at the same time update their businesses’ Facebook page with the same messages about their business or products. The integrated social media marketing saves small business owners time, streamlines their marketing efforts and empowers them to build a community of customers, which in turn drives loyalty and sales. NCR Silver’s cloud-based architecture enables this social media integration update to deploy automatically to existing NCR Silver customers and is included in all new installations for new customers. Earlier in the month NCR Silver was updated to provide business owners with the ability to launch and manage gift card programs.

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Outstanding Card Debit Way Down from ’09, ’10 Figures

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit down 5.1% in December to $849.8B, it posted .1% growth in January to $850.9B. Although rather stagnant against recent months, January credit outstanding is way up on the year ago figure of $800.9B. This is still better than the 2009 and 2010 figures,…

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U.S. Government Migrates SS Benefits With ePayments Option

The Center for Financial Services Innovation (CFSI) and Hudson Institute released the “Double Duty: Payments Cards as a Doorway to Greater Financial Health” report. Illustrating the potential e-payments to help government benefit recipients improve their financial health and capability through access to more information about their benefit payment, the report shows in January over 62 million consumers received Social Security or Supplemental Security Income benefits. Of this figure, 90.8% used direct deposit, 3.6 percent used the Direct Express prepaid card, and 5.6 percent received a check. Virtually all 22.3 million recipients of the Supplemental Nutrition Assistance Program (SNAP) receive their benefits via monthly loads to payment cards. About 8.2% of U.S. households (17 million adults) do not have a bank account. When recipients are required to receive their benefits electronically, those who cannot choose direct deposit receive the default choice instead”a prepaid debit card.

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MoneyGram Partners Univision MasterCard Prepaid Card

MoneyGram signed an agreement with Univision Enterprises, a division of Univision Communications media company for a MoneyGram link on Univision’s MasterCard Prepaid Card “Tarjeta Prepagada” page. With this, Univision’s Prepaid MasterCard account holders can easily and directly connect to MoneyGram to complete money transfers and expedite bill payments using their Univision Prepaid MasterCard. This agreement leverages the resources of Univision with the world’s second-largest global money transfer company. The MoneyGram network currently has more than 310,000 locations in 197 countries.

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Western Union Launches SME-Friendly Solutions

Western Union Business Solutions global payment services launched Currency Options and a new cash management tool designed to assist small and medium-sized enterprises (SMEs) engaged in international trade. Its “GlobalPay Cash Management” dashboard will give SME clients an immediate overview of their total payments exposure. Users will be able to calculate their FX risk based on the amount of money and currencies they are trading in at current market price, allowing them better to manage their international risk and cash flow. Business owners and corporate treasurers will now be able to set a forward exchange rate at a specified date and then choose whether to use the pre-agreed amount or to reconsider given current market conditions. This gives SME owners the security of knowing the absolute most that they will be required to pay for a transaction, regardless of currency volatility. Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage foreign exchange, creating unique solutions tailored to suit their individual needs.

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Net Element Expands mPayments Business

Net Element International electronic commerce and mobile payment processing entered into an Agreement with NTH AG to broaden the reach of TOT Money’s (“TOT”) mobile messaging and mobile payments operations to additional markets, now available to customers and content providers across 39 countries. NTH Group is a leading AISP (Application and Infrastructure Service Provider) in European markets for interactive telecom and media services with an extensive coverage map with premium mobile and voice connectivity in more than 70 countries worldwide. Net Element International announced its proposed acquisition of Unified Payments, expected to position and diversify Net Element International’s TOT Money business and expand its global presence in the payments market.

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HKMA Announces Study on NFC mPayments Infrastructure

The Hong Kong Monetary Authority (HKMA) released a study on the NFC mobile payment infrastructure to identify the appropriate approach for establishing a safe and effective NFC mobile payment infrastructure that will achieve interoperability among all NFC mobile payment services along. This is to allow the ability to download multiple payment services from different banks and payment service providers onto a single NFC-enabled phone; payment service continuity despite switching from one mobile network operator to another operator; payment service continuity despite changing one’s NFC-enabled phone; and the high level of security in line with international standards and relevant regulatory requirements.

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Fiserv Partners Eutron on Cash and Logistics Solutions

Fiserv partnered Eutron Invest Romania to provide the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market to focus on the “Device Manager” Integrated Currency Manager cash management system and “CorPoint” end-to-end cash management system. Fiserv offers integrated currency and self-service device management solutions that reduce costs and optimize efficiencies. Solution areas include currency forecasting, device management, decision support, enterprise track and trace, automated invoice validation and reconciliation and web base business intelligence reporting.

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AmEx Deploys Serve for FDIC Insurance with Wal-Mart

American Express and Walmart announced expanded security and funding capabilities to Bluebird, a debit and checking alternative that provides Americans with a better way to manage and control their everyday spending. Bluebird “Accountsi” will now be eligible for FDIC insurance, providing an extra layer of security. As a result, permanent Bluebird Accounts will now have the ability to receive direct deposit of government payments, such as social security payments, military pay, and tax refunds. Customers can also balance their Bluebird checkbook in real-time with pre-authorized check writing, add checks to their Bluebird Account by mail and add funds up to $100,000 annually. Bluebird is built on American Express’ “Serve” platform and is in addition to existing premium features such as the ability to add checks via smartphones, family sub-accounts and no fee access to cash at 22,000 ATMs for Bluebird members who have enrolled in direct deposit. To preauthorize a Bluebird check, users simply obtain a unique authorization code online or through the Bluebird mobile app. The payee can confirm that sufficient funds are available by calling American Express.

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