i2c Sees Strong Growth Thanks to Growing Prepaid Segment

i2c payment processing, loyalty and transaction settlement solutions, announced that 11 banks have signed up to use i2c’s payment processing solution since October 2011. The banks together manage 23 different prepaid programs marketed to consumers in hundreds of locations, many f which are in the process of adding prepaid products to their offerings. i2c’s processing platform provides features digital coupons and mobile solutions that differentiate and scale prepaid and emerging payment programs.

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Chase Blueprint and O Shows Consumers Spending Smart

Chase Blueprint asked an O, The Oprah Magazine reader panel how they will be spending this year, indicating a watchful eye on their holiday budgets. According to the survey, three in five (59 percent) respondents are planning to spend the same amount or more this holiday season than last year. On average, respondents plan to spend $594 on gifts this holiday season. Meanwhile, two-thirds of respondents (66 percent) “look forward” to shopping for gifts this holiday season. To save money this season, 59 percent plan to use coupons or look for last minute sales, while nearly a quarter (22 percent) bought most of their gifts during Black Friday or Cyber Monday. Additionally, more than three in 10 respondents will create a holiday shopping budget (36 percent), spend less money per gift (35 percent) or buy gifts for fewer people (31 percent). When it comes to the tradition of holiday parties, nearly one-third (28 percent) of respondents will host a holiday or seasonal party this year. On average, these party hosts are setting their party budget at nearly $300, with more than two in five (44 percent) planning to spend $100 to $249 on the party and more than a quarter (26 percent) planning to spend $250 to $499. For those hosting a party, the average number of party invitees is 19 people with nearly a third (27 percent) planning to invite five to 10 people and 46 percent planning to invite 11 to 20.

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Intuit Launches New Pre-Paid Card

GoPayment, making it easy to accept electronic payments, now gives small businesses and anyone who sells products or services a convenient way to receive and spend the money they’ve earned. Intuit announced the recent launch of the Intuit GoPayment Prepaid Visa Card, expanding Intuit’s strategy beyond processing credit cards on a mobile device to offering the convenience of a Visa prepaid account linked to GoPayment. The GoPayment Card makes it easy for users to have the funds they collect with GoPayment deposited into their GoPayment Card account. They can then use the card to make payments online, in stores and withdraw cash at ATMs everywhere Visa debit cards are accepted (some fees may apply).

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Fiserv to Offer Sageworks Products on its Processing Platforms

Fiserv made available five products from Sageworks credit risk to financial institutions using its account processing platforms. This partnership combines Fiserv with Sageworks’ credit analysis and loan portfolio management solutions. The Sageworks suite collects and analyzes data, efficiently identifying and monitoring emerging loan portfolio risks and measuring and reporting the impact those risks represent. Financial institutions that utilize account processing platforms from Fiserv will have access to the best-of-breed solutions from Sageworks, including solutions for global cash flow analysis, risk rating management, loan administration, loan portfolio stress-testing and allowance for loan and lease losses (ALLL) management.

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First Bankcard Acquires $285M Card Portfolio from FIA Card Services

First Bankcard, a top U.S. credit card issuer, announced the acquisition of 10 credit card portfolios, totaling $285 million, from FIA Card Services, N.A. The acquisition includes the portfolios of nine financial service providers – including industry leader New York Community Bank – totaling more than 1,000 branches. In addition to the New York Community Bank portfolio and the former Chrysler Financial portfolio, the acquisition includes relationships with Apple Bank, Chemical Bank, First Bank, First Farmers and Merchants and Old National Bank. Conversion of the portfolios is expected in 2012.

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Bottomline Technologies Named Innovation Leader

Bottomline Technologies collaborative payment, invoice and document automation solutions, announced that Financial-i magazine has recognized the company’s electronic invoicing solution in its annual Leaders in Innovation Awards as 2011’s most innovative e-invoicing product. Bottomline was selected by the publication’s award advisory panel, which includes industry consultants, practitioners and analysts from Tower Group, Celent and other firms. Electronic invoicing provides an opportunity for banks, their customers and technology providers to collaborate, automate paper-intensive processes and reduce costs. By leveraging industry standards such as SWIFT, organizations can create cross-border e-invoicing solutions that facilitate global business, improve working capital optimization and increase visibility into the financial supply chain.

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Javelin Research Shows App Banking Taking mBanking by Storm

Javelin Strategy & Research’s latest Mobile Banking Security report evaluates the specific security issues mobile bankers face when using three mobile banking channels: web browser, application, and SMS texting. With 44% of banking consumers, the mobile browser is the most widely used of the three channels and is perceived by the consumer to be the most secure. Mobile bankers with smartphones view the browser as an extension of online banking. However, banking using a downloaded app is the second most widely used channel and actually the safest for mobile bankers, with 25% of consumers using this channel. App banking has the potential to replace online banking altogether and serve as the consumer’s primary access to the FI.

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eBay’s Annual Study Shows Most Influential 2011 Pop Culture Moments

eBay announced its third annual “Top Shopped” report1, ranking the pop culture moments and trends that captured shopper’s attention – and cash – in 2011. eBay analyzed sales data based on what people bought across categories on the marketplace to identify what piqued the public’s interest this year–from must-have tech and toys, to pop star divas and celebrity standouts. With more than 200 million daily listings and a community of nearly 100 million users, eBay serves as a unique trend barometer, tracking the moments and movements that mattered most in 2011. In addition, armed with tablets and smartphones, and millions of eBay listings at their fingertips, people took on-the-go shopping to a whole new level this year. eBay.com Picks2 for America’s “Top Shopped” and Pop Culture Moments of 2011: NFL; Harry Potter; Twilight; Call of Duty; Green Bay Packers; iPad; Sade; Justin Bieber; Glee; and Charlie Sheen.

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75% of Retailers See Better Customer Experience Through Mobile Technology

The latest installment of the Motorola Solutions annual Holiday Shopping Survey highlights that three in four (75 percent) surveyed retail associates and managers feel they provide a better in-store customer experience when equipped with the latest mobile technologies. In fact, shoppers echoed a similar sentiment as more than two-thirds (67 percent) of surveyed shoppers reported heightened satisfaction with retailers where in-store associates utilized the latest technologies to assist in the shopping experience. The rising availability of shopping-assisted options across all shopping channels has raised customer service expectations for shoppers and retail associates. According to the survey, more than eight in ten (83.3 percent) surveyed retail associates and managers believe that shoppers can easily find a better deal so customer service is more important than ever. From a shopper perspective, 33 percent of shopping trips ended with shoppers leaving before satisfying their intent to purchase, costing an average of $125 per trip. Of those lost opportunities, more than 73 percent did not complete their purchases with the original retailer.

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Halifax Bank Announces mBanking

Halifax has launched its cross-platform Mobile Banking app on the iPhone, Android, BlackBerry and Nokia, which has already gained the number one spot in free Finance apps on the iTunes App Store. In Europe 18% of consumers use Mobile Banking, compared with only 13% in 2010. This growth is predicted to increase dramatically in 2012 providing that customer experience is put first, and the channel’s unique attributes are fully exploited. The Halifax app allows internet banking customers to log on to accounts and make transactions on the go and to find their nearest Halifax branch, Halifax ATM, or any of the 72,000 LINK ATMs.

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Transact Network & Ixaris issue Visa products

Transact Network European prepaid card issuer is partnering Ixaris to offer its services on the Visa network. Ixaris prepaid payment applications, which launched Visa Europe’s first virtual Visa programme in 2003, is now working directly with Transact Network to issue both virtual and plastic prepaid VISA cards for its leading EntroPay and Opn payment solutions. Transact Network has worked with Ixaris since 2009 to issue MasterCard products. This new deal signifies the Gibraltar-based company’s first large scale Visa implementation since announcing earlier this month its ability to offer services through Visa Europe.

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