Revolving Credit Takes a Holiday Bounce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having waned 3.1% in September, it witnessed a 4.7% jump in October, as consumers strap on those shopping shoes. With growth of 5% since the year ago period, outstanding consumer credit has seen growth of 2% since the July figure, according to the…

Details

Higher One Launches Cash Back Rewards Program

Higher One financial services and data analytics launched its “OneRewards” cash back rewards program for its checking accounts for college students enrolled at partner colleges and universities. The “OneRewards” solution allows Higher One checking accountholders to receive up to 30% cash back on everyday purchases both online and in-store. The OneRewards program will be providing access to over 100,000 merchants in the network including 21 of the 25 top U.S. retailers and 45 of the top 50 online retailers including top brands like Staples.com, BestBuy.com, Kohls.com, and Dell Home.

Details

TransCard Launches Custom Microsites for online Gift Cards

TransCard enhanced its Gift Card programs, giving all banks offering TransCard prepaid programs Free access to customized microsites for seamless online Gift Card sales. Banks are responding to promote and sell gift cards on their websites and through social media. The TransCard online Gift Card program is the latest in a series of new product, marketing and technology innovations from TransCard.

Details

Intuit Gives GoPayment New Look

Intuit unveiled a fresh look and feel to its GoPayment mobile payment app. The new GoPayment comes with new tools and features that small businesses can use on their smartphones or tablets – helping them to compete with bigger companies, increase sales and grow their business. GoPayment syncs data with best-selling QuickBooks financial software, and integrates with QuickBooks Point of Sale to provide one of the only robust mobile point-of-sale solutions specifically designed to help the nation’s 2.8 million small retailers manage and grow their businesses. Improvements allow users to personalize transactions to meet their specific needs and tastes, track cash payments, apply discounts and better manage employees.

Details

National ATM Council joins EMV Migration Forum

The National ATM Council, dedicated to representing the interests of Independent ATM providers across the U.S., has joined the EMV Migration Forum. The Forum was founded by the Smart Card Alliance to facilitate discussion and collaboration among various industry participants in the proposed U.S. migration to EMV chip card technology. NAC has formed its own internal EMV Working Group to address the challenges posed for ATM providers by the proposed implementation of EMV technology in the U.S.

Details

mopay Deploys Customer Relationship Management

mopay announced its mobile loyalty management suite, which includes customer relationship management, loyalty and gamification tools and now allows mopay clients to add an opt-in feature that enables consumers to sign up for a mobile loyalty program. Online merchants can now immediately communicate with users to enhance customer relationship management, build loyalty and improve customer satisfaction. This gives online merchants a way to bill users who do not have a credit card or do not want to use their credit card in an online environment while giving consumers a convenient, secure and fast way to pay for goods.

Details

Raiffeisen Alto Adige Implements TAS for MyBank switch

Raiffeisen Alto Adige will join the EBA Clearing MyBank circuit, relying on TAS Group to deliver a solution with high added value and fully consistent with the new pan-European model for e-payments and e-mandates. TAS Group has actively participated in the MyBank initiative by working with EBA Clearing since the early stage of specifications assessment and will support Raiffeisen Alto Adige in all phases of the project, from Pilot Testing through to the Official Launch, scheduled for March 2013. Merchants will gain a competitive advantage in the international e-commerce scenario which is becoming increasingly integrated and growing strongly.

Details

TSYS Celebrates 15-year Partnership in Africa

TSYS announced its milestone 15-year partnership with Kenya’s Commercial Bank of Africa (CBA). CBA became a TSYS client in 1997 when it began using the PRIME card management solution to manage issuing, acquiring, collections and rewards for its suite of Visa™ products. It has also deployed TSYS’ fraud and ATM network management solutions, as well as PRIME’s Instalments module in order to be the first financial institution to deliver instalment programmes to the Kenyan market.

Details

Unemployment Rate Teeters, Down .2% M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total payroll employment was up 146,000 in November as the unemployment rate surrendered 0.2% since last month, dropping to 7.7% while the number of unemployed stuck around 12.0 million. Those jobless 27 weeks or more was little changed at 4.8 million in November, accounting for 40.1% of the unemployed. Those employed…

Details

Viableware RAIL Certifies to Leading Payment Processors

Viableware RAIL payment platform processing technology has been certified to the security standards of 11 of the leading payment processors that represent more than $1.6 trillion in combined credit, debit and prepaid card transactions annually in the United States. The RAIL payment platform seamlessly integrates with leading restaurant POS systems from MICROS, NCR Aloha, and Dinerware to securely accept payments at the table. The platform utilizes a fleet of handheld devices designed to replicate the look and feel of the traditional bill presentation folder used at most full-service restaurants – but unlike the original, the RAIL devices enable guests to self-swipe credit or debit cards, auto-calculate the tip, split the bill multiple ways, pay-by-item, and direct-email receipts.

Details

Optimal Payments and Vantiv Ink processing Deal

Optimal Payments online payments provider has entered into an agreement with Vantiv payment processing services and related technology solutions for merchants and financial institutions. This allows Optimal to offer its global merchants a sophisticated online payments solution in the U.S. market, enabling these merchants to process online payments via a wide range of payment methods, including Visa and MasterCard. This relationship combines Optimal’s expertise in providing international ecommerce and risk management solutions with Vantiv’s processing scale, renowned service, and reputation in the U.S. market.

Details

FIS Introduces DOLLAR$TOP Limited-surcharge Program

Consumers will be able to access cash for just $1 from thousands of ATMs as FIS introduces the DOLLAR$TOP limited-surcharge program through the NYCE Payments Network. DOLLAR$TOP also benefits financial institutions and non-financial institution ATM deployers, offering a “no-surprise” convenience fee of just $1 to their cardholders, without the royalty fees often associated with surcharge-free programs or the escalating costs of proprietary surcharge-rebate policies. Participating banks and credit unions will not be required to make their ATMs part of the DOLLAR$TOP program, retaining 100 percent of proprietary ATM surcharge fee revenue.

Details