Axxess Payments Launches Mobile Payment Solution

Axxess Payments, the merchant services provider with immeasurable technological experience in payment gateway integrations. With an expected 250% increase in mobile payment processing by 2014, Axxess Payments knew jumping onboard with low pricing technology that spans across Blackberry, iTunes and Android networks would certainly increase their already large customer base. Axxess Payments has launched mobile payments using current cellular technologies and partnerships with major cellular networks to propagate the quickest way for businesses to get paid while on the go. In conjunction, they’re offering competitive rates on each transaction. Currently the credit card processing company is offering their card reader free of charge once customers enroll into their payment processing program.

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Card Delinquencies Hit Record Low, COFs Drop Too

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card delinquency has plunged to an all-time low, with Fitch Ratings’s 60-day Delinquency Index having dropped to 1.76% for the month of August. This decline brought delinquencies down to their lowest level on the Prime Credit Card Index in 21 years while delinquencies are down 25.74% since the year…

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Cardtronics Solution Help Consumers Save on ATM Fees

Cardtronics retail ATM owner launched its “FeeAlert,” allowing financial institutions to help their customers save money by steering them toward nearby in-network ATMs and away from ATM fees. With FeeAlert from Cardtronics, banks and credit unions can actively support their customers’ efforts to avoid ATM fees by raising account holder awareness of their in-network ATM options, in a personalized way. Upon analyzing an individual’s real-world ATM usage behavior, FeeAlert enables financial institutions to deliver a highly relevant list of nearby surcharge-free ATMs”including surcharge-free network ATMs. In effect, FeeAlert remembers to check for nearby in-network ATMs even when a customer forgets to use their financial institution’s ATM locator, thereby positioning banks and credit unions as delivering helpful, potentially cost-saving reminders to their customers.

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USA Technologies Integrates for Cashless & Vending Management

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries completed its broadest, integrated deployment of ePort telemetry of data with vending management solution provider and USAT DEX Partner, VendSys, for USAT customer, Rawls Distributing. The combined solution is designed to broaden the anticipated benefits of each technology, for even greater return on an operator’s investment. Rawls is an operator of more than 1,200 vending machines and utilized USAT and VendSys for its internet-based vending management systems.

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Debit Market Set to Double by 2016, Valued at BRL 493B

The debit market in Brazil is set to double in size by 2016 and will be worth up to 493 billion BRL, according to the “Debit Card in Brazil” study by MasterCard Advisors. Debit cards have been the fastest-growing payment method over the past five years, rising 25% annually, ahead of private consumption in Brazil, which grew 12% annually during the same period. Cardless transactions, such as payments using cash, checks and bank transfers, have risen 9%. Of the many payment methods available, debit cards are still consumers’ second choice but the gap between debit and cash, which is in the top spot, is shrinking. The survey reveals that between 2005 and 2012, consumer preference has risen from 26% to 34%. The preference for cash fell from 60% to 48% over the same period. The study also reveals that the main debit benefit reported by consumers was security, cited by 67% of users, followed by convenience (37%) and control, attracting 31% of the responses.

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Western Union Expands With Banco Ahorro Famsa

Western Union global payment services and Banco Ahorro Famsa expanded agreements to offer the Western Union global money transfer service across 300 Banco Ahorro Famsa locations. Banco Ahorro Famsa also will offer consumers Vigo and Orlandi Valuta services. Western Union, VigoSM and Orlandi Valuta® services are offered in Mexico through a strategically combined Agent network that include banks, national retail chains and independent locations. The Western Union Company, through its Western Union, Orlandi Valuta and Vigo branded services, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories.

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Monitise & eMerit Partner on Biz mPayments

Monitise mobile banking, payments, and commerce network partnered eMerit Solutions mobile payments provider to develop business mobile payment. eMerit allows businesses a way to process card payments from their customers at the POS with secure Chip+PIN mobile acceptance solutions along with a wide range of additional services that are fully compliant with leading payments network guidelines, making it a compelling proposition for businesses of all sizes, particularly the smaller business market. Monitise’s Enterprise Platform has been developed to deliver bank-grade integrated and scalable Mobile Money solutions that embrace all devices, operators and networks.

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AmEx Settles $85mm in Customer Refunds for U.S. Card Practices

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express Company has reached settlements with several regulatory agencies to resolve previously disclosed reviews of certain aspects of the company’s U.S. consumer card practices. Similar settlements were reached with several of the company’s subsidiaries, including American Express Centurion Bank; American Express Bank, FSB; and American Express Travel Related Services Company,…

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TransCard and Business Solutions Extend Prepaid Partnership

TransCard and Business Solutions, an ABA subsidiary, announced a multiple year extension of their partnership. The Community Bank Prepaid Program offers banks the lowest cost/lowest risk new deposit product, in which participants range in size from $60 million to $13 billion in assets. The pace of new signings gives every indication that the launch of prepaid programs by national banks will expand the opportunity to grow the program.

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Citi Deploys Payroll Payment Solutions

Citi is launching its payroll payment solutions, allowing clients to standardize, centralize and automate their payroll payments. They then can access the payroll payment solutions through a range of market-standard and proprietary channels. Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world.

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