First Niagara Bank Deploys Checking Promotion

First Niagara Bank did it with a direct mail package that featured Free ATM access anywhere in the country. Along with this was a head-to-head competitive comparison and an easy-to-read design, resulting in a direct mail package that “hits a home run,” according to ABA Bank Marketing, which reviewed the package in November’s “The Letter Clinic” column. The mailing was developed by Catalyst, a direct and digital marketing agency.

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Latitude Software and PaymentVision Launch Debt Collection/ ePayment

Latitude Software Interactive Intelligence Group and PaymentVision have partnered to offer an integrated debt collection and electronic payment solution. Latitude provides debt collection software and services for collection agencies, first-party creditors, debt buyers, and law firms. Its software suite, which can be delivered via a premise or hosted model, manages all pre- and post-charge-off accounts and the entire collection workflow process. The software suite’s open architecture was designed to help customers improve communications and account tracking for more effective debt recovery. The PaymentVision solution enables customers to accept ACH, check, and credit or debit card payments by phone or through Internet channels.

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eBay and Shopping.com to Keynote ChannelAdvisor Insite Event

ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, announced that ChannelAdvisor’s influential half-day Insite conference will feature industry heavyweights including eBay, Google and Shopping.com. Insite Melbourne will focus on trends in the e-commerce market, and will be held at the Melbourne Cricket Ground (MCG) on February 29.

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Western Union and UniCredit Partner on Account Based Money Transfer

Western Union payment services and UniCredit financial services group inked agreements to offer Western Union’s “Account Based Money Transfer” service (ABMT). This represents the continued commitment to deliver best in class money transfer services across the UniCredit network. Account Based Money Transfer will give UniCredit customers convenient access to the Western Union service via online banking and through any of the 7,800 ATM’s and 4,000 kiosks in the UniCredit network, enabling them to send money from their accounts 24 hours a day, 365 days a year to more than 450,000 Western Union Agent locations.

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Cashplus Launches Cheaper Alternative Banking

A new service from Cashplus provides consumers with cheaper, transparent and easier to manage alternatives to traditional banking. Its Direct Debit service has a number of unique benefits, such as low balance alerts; instant loans for 50 cents daily; and no penalty fees. Cashplus solutions are geared toward those without bank accounts unable to access the discounts that many companies offer to customers paying by Direct Debit. Cashplus customers who set up and pay a Direct Debit via their Cashplus account will be entered into a prize draw, in which the winner will receive rent or mortgage payment for a year (up to GBP10,000).

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Collis launches terminal test suite

The Collis Merchant Test Suite offers an all-in-one EMV contact and contactless solution, developed specifically for merchants, processors and acquirers. This combines the strengths of specific Collis software and hardware used for terminal testing worldwide. Specifically built for the North American market, the Collis Merchant Test Suite provides the solution for American Express AEIPS; Discover & Diners Club Acquirer E2E; Interac Terminal Application, Acquirer, and Interoperability Certification; JCB TCI; MasterCard M-TIP and NIV; and Visa ADVT, ADVT-qVSDC, CDET.

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MoneyGram Posts 4Q/11 Revenue Up 11%

MoneyGram International global payment services company posted 4Q/11 money transfer fee revenue up 11% over the year ago period. Meanwhile transaction volume was up 13% thanks to U.S.-to-U.S. transaction volume up 15% as international sends were up 14%, for which transaction volume increased 10%, mostly thanks to U.S.-to-Mexico growth of 15%. Global agent locations increased…

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Small Business Expect 2012 Revenues Up, More Hiring

America’s small business owners are the most optimistic since July 2008, according to the latest findings from the Wells Fargo/Gallup Small Business Index survey for the period Jan. 9. The Index now stands at positive 15 (+15) for January, compared to minus 3 (-3) in October and following two previous Index readings of zero (neither optimistic nor pessimistic). Revenues – 49% expect revenues to increase a lot or a little, up from 37% in Q4 2011. With this, 63% expect their company’s financial situation to be very or somewhat good over the next 12 months, up from 55% in Q4 2011. Meanwhile, 22% expect the number of jobs at their company to increase a lot or a little, up from 15% in Q4 2011; 8% expect the number of jobs at their company to decrease a lot or a little, down from 13% in Q4 2011. Only 15 percent said they are currently looking for new employees, while 76% of those who are not looking to hire employees don’t need any additional employees at this time; 71% are worried revenues or sales won’t justify adding more employees; and 66% are worried about the current status of the U.S. economy.

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Chase Sapphire Launches Winter Ski Experience Program

Chase Card Services launched the Chase “Sapphire” 2012 Ski Experience Program at Stowe Mountain Lodge in Stowe, VT, on January 13, featuring U.S. Ski champion Picabo Street. Through Chase Ultimate Rewards, Chase Sapphire cardmembers can redeem points for weekend packages that include three nights of luxury accommodations, ski clinics and a dinner reception with Street and a two-day lift ticket. The two-person packages also features airport transportation to and from the resort, feature custom ski and boot fittings, and a wine pairing dinner with journalist and sommelier Anthony Giglio. Cardmembers also have the choice between a spa treatment and other mountain activities such as snowshoeing, snowmobiling and hot air balloon rides.

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Oracle Financial Services Launches Multi-channel Banking

Oracle Financial Services introduced Oracle “Flexcube” solutions for multi-channel banking. The “FLEXCUBE” Multi-Channel Solution, with new versions of Oracle “FLEXCUBE” Direct Banking and Oracle “FLEXCUBE” Private Banking lets banks offer complete portfolio view-based products and services on multiple direct channels, including mobile devices. Banks can introduce highly personalized offerings while reducing customer acquisition costs by offering a comprehensive range of products through a one-stop portal. The “FLEXCUBE” Multi-Channel Solution lets banks transition customers from transaction-based primary banking services to advanced customer portfolio tracking and investment consulting. The Multi-Channel Solution supports banking operations across multiple countries, currencies and languages.

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Text2Pay Promotes mPayments Wizard

Merchants will instantly be able to use the Text2Pay mpayment service to bill their customers for virtual goods and online content. Merchants are first asked to ‘Add a New Brand’ of the product or service and the credit title of the virtual goods or currency they are selling. They then define how the product will be sold as they ‘Create a Campaign’. Merchants can then decide on the type of purchase, the brands involved, the countries they want to sell their product in and how much they want to charge for their product or service. Finally merchants are asked to ‘Customize and Integrate’ their payment widget.

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