Bluepoint partners CFC Technology for mRDC

Bluepoint Solutions and CFC Technology partnered to offer mobile check capture and consumer in-home check capture to community banks and credit unions. With this, CFC Technology will add Bluepoint’s QwikDeposit ToGo and QwikDeposit Home remote deposit capture solutions to its current product portfolio. Bluepoint’s QwikDeposit ToGo allows smartphone users to take photos of their checks with their mobile phone and deposit those checks to their checking or savings account. Smartphone users simply download the application provided by their financial institution to their mobile device and follow the app’s step-by-step deposit instructions. QwikDeposit Home lets users capture check images on a scanner and deposit on their financial institution’s internet banking portal.

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FIS Clients Adopt Prepaid Solutions En Masse

FIS announced that it experienced continuing market demand for its prepaid solutions in the first half of 2012 as financial institutions, retailers and other market sectors expand the use of prepaid cards to deliver a convenient and cost-effective payment option to consumers. This growth is represented by more than 80 new or expanded client agreements across the globe. FIS’ strategic focus is to be on the forefront of real-time global money movement and be the leading provider of real-time banking and payment solutions. FIS delivers global connectivity and empowers both financial institutions and non-financial institutions to drive new sources of revenue and profit from emerging payment opportunities.

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Western Union to Launch Payment Platform for NGOs

The Western Union Company announced its commitment to creating a financial platform for the payment needs of non-profit and non-governmental organizations (NGOs) with the Western Union “NGO Global Pay.” The “NGO Global Pay” is designed to help NGOs overcome the gap between funds that need to be disbursed and the people who need them. It will leverage the company’s 510,000 physical locations to help connect NGOs to the people they serve in over 200 countries and territories around the world. With this, Western Union will offer a wider array of pay-out options for nonprofits to send funds and tools to help NGOs monitor and report on fund disbursement.

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MasterCard Partners For African Expansion

MasterCard has announced its first collaborative relationship with a local Nigerian retailer, Flying Dove Limited – authorized distributors for Sony Corporation and owners and operators of Sony Centers in Nigeria. MasterCard will incentivize its cardholders to make use of electronic payment solutions, thus supporting the Central Bank of Nigeria’s (CBN) move towards a cashless economy. This JV is the first cashless initiative of its nature in Nigeria for MasterCard.

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Hanse Orga Develops SEPA Management

Hanse Orga is developing a new add-on that will enable the central management of Sepa mandates in SAP. SEPA brings in its wake new requirements to the management of mandates which will be particularly challenging for corporates with a high workload of direct debits: the existing direct debit mandates can be maintained, however, they have to be enriched by SEPA-specific data in the future. Customers have to be informed that in future, direct debits will be carried out by using the new SEPA mandate data. The new Hanse Orga solution offers templates for sending pre-notifications that will become obligatory under SEPA. All mandates are centrally visible and controllable. Moreover, the existing DTAUS files can be simply enriched by further information required under the new SEPA rules and with the information they can be automatically converted into new SEPA formats for direct debits (SDD).

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Conference Board Shows Luffing Economic Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index was down 0.1% in last month to 95.7 (2004 = 100). This indicates flat economic growth as strengths and weaknesses in our economy remain balanced. This after a promising 0.5% increase in July, but a 0.5% drop in June. Showing positive current economic activity in…

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ACE Software Launches New Payment Service

ACE Software intelligent products and solutions for financial institutions launched its “PelicanPay” service for corporates. This offers a global payments hub that allows corporates operating in a multi-bank and/or multi-ERP environment to control and manage payments securely through a single, SEPA-compliant channel. The “PelicanPay” platform reduces risks and exceptions, designed with best practice in payments in mind to give users visibility and control over both cash and risk management.

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GiftCardLab.com Acquires 1-800-GIFTCARD.com

GiftCardLab.com online provider of gift cards acquired 1-800-GIFTCARD.com. GiftCardLab.com was the first company to offer a customized Visa Gift Card and to ship gift cards with a customized greeting card. Now the company is continuing to blaze a trail in the gift card industry by being the first online gift card store to offer local merchants gift cards branded with their own logos and images. Additionally, the convenience of online ordering protects consumers from gift card tampering. Since the gift cards and card numbers are protected, GiftCardLab.com customers know their gift cards will arrive to the recipient untouched and fully loaded with the requested amount of funds.

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RBS Launches Remittance Exchange

The Royal Bank of Scotland (RBS) plc announced the launch of RBS GlobalXChange (GXC) which brings together its capabilities in cash management and foreign exchange focused on transactional FX. GXC provides RBS Groups’ institutional, corporate and public sector clients, with a flexible integrated solution suite for international cross-currency cash flows – whether they are payments or receivables, single or multiple, automated or bespoke.

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MoneyGram Adds Soneri Bank as Remittance Agent

MoneyGram has added Soneri Bank and Habib Metropolitan Bank to its list of agents offering international money transfer services. The addition of Soneri Bank’s more than 200 locations and Habib Metropolitan Bank’s more than 150 locations to MoneyGram’s Pakistani network comes on the heels of a previous announcement that added four agent banks to MoneyGram’s Pakistani presence”a 30 percent agent network growth. In 2012, Pakistan received more than $13 billion in remittances, according to the State Bank of Pakistan, second only to India in the region.

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