Fundtech & Dataline Ink e-invoicing Partnership

Fundtech global transaction banking solutions partnered Dataline payment solution & services company, to offer electronic invoice presentment and payment (EIPP) and related financial supply chain services to corporate customers. Corporates who implement these services can benefit from replacing slow and costly paper-based processes with a quicker, more efficient and greener technology. Instant delivery together with query management tools can lead to faster settlement and reduced ‘Days Sales Outstanding’ (DSO). On the Accounts Payables (AP) side, corporates can accept supplier invoices in any format straight into their e-invoicing hub, which reduces manual input, eliminates errors and helps to drive down costs. Dataline and Fundtech will offer e-invoicing, AP workflow automation, data scanning, e-payments support and online expenses management.

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TSYS Revenue Ever Climbing, Up 7.3% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS 4Q/11 and full year basic earnings, an increase of 29.4%, and $1.15 for the full year, an increase of 14.4% over 2010. Total revenues for the quarter were $472.2 million, an increase of 7.3%, and $1,809.0 million for the year, an increase of 5.3%. Revenues before reimbursable items were $407.7…

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Chase Launches Disney Premier Visa

Chase Card Services, through its subsidiary Disney Rewards,launched Disney’s “Premier Visa Card” from Chase. Allowing customers to earn rewards twice as fast, the “Premier Visa Card” gives Cardmembers 2% in Disney “Dream Reward Dollars” on card purchases at restaurants, grocery stores, gas stations and most Disney locations at Walt Disney World Resort, the Disneyland Resort, Disney Cruise Line and Disney Store. Cardmembers simply buy airline tickets with their card and then pay themselves back by redeeming reward dollars for a credit on their monthly statement. For a $49 annual fee, the card charges no cap on the number of Disney Dream Reward Dollars that can be earned; 0% APR for six months on select Disney vacation packages; and 0% APR for six months on the purchase of a real estate interest in a Disney Vacation Club® Resort up to $10,000 or on a minimum add-on purchase, in addition to many other perks.

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Optimal Payments & Desjardins Launch Payment Gateway

Optimal Payments online payment processing services and Desjardins Card Services merchant payment solutions and subsidiary of Desjardins Group launched a fully customized version of Optimal’s “Netbanx” gateway services to Desjardins merchants. Desjardins chose Optimal as a partner and NETBANX as their gateway based on their long standing reputation for delivering secure, comprehensive solutions. Optimal remains at the forefront of online payment processing and is continuously developing their platform to support emerging payment options and protect merchants against the continuously evolving forms of online payment fraud.

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Inuit Makes Available Portable Credit Card Reader

Intuit’s “GoPayment” card reader is now available for free at GoPayment.com, targeting small businesses and anyone who sells products or services on the go. The “GoPayment” card reader is a compact, cylinder-shaped device that fits into the audio jack of a mobile phone or tablet. It works with the GoPayment app to help users maximize sales by quickly and accurately swiping a credit or debit card instead of entering data manually. It increases the accuracy of each card swipe and offers end-to-end encryption to protect a customer’s sensitive card data. Intuit redesigned the card reader based on customer feedback asking for a professional, easy-to-use way to process payments wherever they are.

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Euronet reports payment data breach

Euronet Worldwide secure payment services reported a criminal computer security breach to the SEC. The data breach targeted a “small portion” of Euronet’s European business in late 2011 and was the company’s first, impacting its electronic fund transfer division. Third-party forensic investigators confirmed that the breach didn’t affect Euronet’s other business units, including its e-pay division, ATM networks or money-transfer operations. Because 90% of the data on card transactions remained protected, the company is partially crediting a highly secure microchip that appears on most European debit and credit cards.

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Ceridian Expands Loyalty Offering

Ceridian Stored Value Solutions (SVS) offers a full suite of innovative, card-based consumer loyalty solutions which now includes Easy Loyalty and Premier Loyalty. Both offer merchants an effective consumer loyalty program that will propel incremental spending from existing customers, and act as a new customer acquisition tool. SVS Easy Loyalty is a basic points-to-dollars program that is fast to market, incorporates simple POS integration for existing SVS clients, and quickly delivers ROI for merchants. Loyalty members can even track their accumulated points through a branded registration portal and instantly redeem their rewards points at the POS.

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Most Consumers Remain Committed to Their Bank

More than half of consumers say they are committed to their bank and nearly two-thirds feel valued by them. Additionally, 57% attribute helpful staff and personal service to feeling valued and the majority of consumers cite positive customer service experiences as a principal reason for their commitment. Also, more than 40 percent of those polled say their bank demonstrates a commitment to them through no or low minimum balance requirements. These findings, according to TD Bank research, also show 48% say bank products and services are more valuable than telecommunications and less than 50% would actually take the step to close an account associated with the same fees. Other findings indicate bank show commitment with no monthly checking fees according to 65%; 65% say easy online banking; 64% say good customer service; 57% say no statement fees; and 53% say convenient bank locations.

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CO-OP Processes 200mm ePayments In 1-Month Time

CO-OP Financial Services processed more than 200 million electronic payment transactions by credit union members during December 2011, marking the first time the company exceeded the 200 million milestone in a single month. CO-OP Financial Services is the credit union industry’s leading electronic payments processor, providing services on cardholder debit, credit, ATM and shared branch transactions. For the entire year of 2011, the company processed more than 2.2 billion transactions. CO-OP Financial Services first exceeded the 1 billion transaction mark in 2004.

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First City FCU Implements VSoft Image Exchange

VSoft Corporation global information and technology provider will provide First City Credit Union its image exchange and settlement solutions. First City will leverage VSoft’s applications via an outsourced model, meeting the credit union’s functionality needs without having the burden of hardware, maintenance and compliance responsibilities. VSoft’s inclearing solution accepts and processes incoming electronic cash letters from image exchange networks, other financial institutions and the Federal Reserve. The system streamlines the receipt of cash letters, reducing transportation time and costs.

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Capital Access Network Research Shows Improvement for Restaurant Sector

Capital Access Network Data Services Division’s Small Business Credit Sales (SBCS) Report reveals a continuing lift in year-over-year (YoY) card sales in the restaurant sector as Main Street eateries reported an impressive 1.8 percent increase over recorded Q4 2010 card sales. It indicates for the seventeenth straight quarter, small businesses’ Q4 2011 year-over-year (YoY) card sales declined (2.8%), but for the second straight quarter, the rate of decline improved. Also, restaurants continued to gain, producing the fifth consecutive quarter of positive card sales, tallying a 1.8% YoY lift over card sales recorded in Q4 2010. Interestingly, metropolitan areas with a population size less than 100,000 saw card sales increase by 1.0% while MSAs with a population size of 250,000-999,999 reported a decrease in card sales of 4.6%, while card sales in MSAs with a population of 1 million+ decreased 2.7%. Almost all regions reported YoY card sales declines, with the Southwest Region proving to be an exception with a card sales increase of 1.2%. The other seven regions reported card sales declines in a range of 1.3% (Great Lakes Region) to 4.4% (Rocky Mountain Region).

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