Ceridian SVS UK Partners to Launch the Animal Gift Card Program

Ceridian SVS UK partnered with Animal action sports brands to improve on existing consumer offering through the provision of gift cards. This is to adapt to classic closed-loop (single brand) card systems with a single brand, private label, open-loop system that can be operated in any of the Animal stores, regardless of its business operation model. SVS created an open loop product that can only be used at UK Animal stores and carries only this retailer’s brand.

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BMO Offers Consumers Tips Avoiding Personal Debt Ceiling

The outcome of the debit ceiling agreement has wide ranging consequences with the potential to have a significant impact on the global economy and stock markets. A BMO survey reveals that one in three Canadians are living at or beyond their means, with 27% living paycheque to paycheque, up 10% year-over-year. With this, BMO is recommending consumers spend less than they make; pay down credit cards; Set up a Tax Free Savings Account (TFSA); and develop a fall back plan in case you are unable to meet your financial obligations due to unexpected circumstances, such as loss of work, or damage to personal property, including your home or vehicle.

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NCR and Scopus Tecnologia Accelerate Growth

NCR announced a new strategic alliance with Scopus Tecnologia that will accelerate its growth in Brazil. The agreements will enable NCR to leverage Scopus’ deep technology knowledge and geographical presence, improve manufacturing productivity and deliver innovative products more quickly to financial institutions across Brazil, the world’s fourth largest ATM market. According to Retail Banking Research, the ATM market in Brazil is expected to increase by 27 percent by 2015.1 The agreement from Banco Bradesco will accelerate NCR’s growth in Brazil and enhance the company’s position in the market. Through the preferred ATM provider agreement, Banco Bradesco will benefit from NCR’s innovative ATMs and financial self-service technology, which includes multi-function and cash dispense ATMs.

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Fee-free ATM withdrawals for Santander customers

More than 12 million British people go on holiday to Spain every year and those who have their main current account with Santander can benefit from fee-free cash withdrawals when using their Visa Debit card at any of Santander’s 4,300 cash machines across Spain. This means these customers won’t have to pay the usual cash handling and foreign exchange fees that many other banks’ customers pay when they take money out in Spain. The number of cash withdrawals made by British Santander customers at the bank’s ATMs in Spain has continued to increase over the past two years – demonstrating how they are making the most of the fee-free cash withdrawals offered by the bank.

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Wincor Nixdorf Launches compact cash recycler

Wincor Nixdorf announced its “CINEO C4040 ATM” cash recycling system for financial institution sites with little space, only taking up 0.3 square meters. Just 45 cm in width, the “CINEO C4040” has a 15-inch monitor, recycles up to four denominations and is suitable for large deposit volumes. It can also be used as a pure deposit or dispensing system. Cash recycling systems shorten the cash cycle dramatically by testing deposited banknotes for authenticity and then making them available again for dispensing.

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Interswitch and Deploys Cardless ATM Solution

Interswitch electronic payment transaction and switching firm implemented a cardless ATM cash deposit solution for GTBank. This lets cash deposits through GTBank ATMs without inserting or using a debit card when the user selects the appropriate associated button on the ATM, which prompts the customer to enter account details and the amount to be deposited. The ATM then requests a confirmation of the account number and account name. Once confirmed, the customer inserts the amount to be deposited, and the ATM counts the cash and credits the customer’s account immediately.

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QNB offers total 2 Million Qmiles to 10 Lucky Winners

QNB is offering a total of 2 Million Qmiles to 10 lucky customers who pay their Kahramaa bills through any QNB ATM, whether they bank with QNB or not. The promotion is open to anyone in Qatar using a debit or credit card issued by any bank to complete Kaharmaa bill payments during the months of July and August. QNB positions itself uniquely for Kaharamma bill payments via its eazylife channels such as eazyinternet, eazymobile and its ATMs where anyone can pay their Kahramma bills. This offer is part of the Bank’s ongoing ‘Use and Win’ campaign which started by encouraging Qtel customers to conduct their Bill Payments and Hala Top Ups at any QNB ATM. The campaign was launched in May and runs until end of September. During July and August, the winners will receive 200,000 Qmiles each for their Kahramaa bill payments at a QNB ATM. The grand draw for the overall campaign will award a Grand Jeep Cherokee to one lucky customer in October.

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Western Union 2Q/11 Revenue Up 7% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted a revenue of $1.4 billion, up 7% from the year ago quarter and an operating margin of 25.7% compared to 24.4%, also in the year ago period. Year-to-date cash provided by operating activities of $506 million while restructuring cost $9 million thanks to organizational changes and other. Consumer-to-consumer…

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Regions Net Charge-Offs Improve 9% in 2Q/11

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Regions Financial Corporation reported financial results for the quarter ending June 30, 2011 with a net revenue of $447 million to the highest level in nearly 3 years. Meanwhile, there was $620 million of criticized loans and net charge-offs totaled $548 million, however excluding net charge-offs associated with sales and transfers…

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CITI OFFERS CREDIT WITH SINGLE APR AND NO LATE FEES

Responding to consumers’ desire for a simplified credit experience, Citi Cards is introducing its “Simplicity Card,” boasting a single rate across all purchases, balance transfers and cash advances, no late fees and no penalty rate. Designed based on direct feedback from clients on what they want and need in a credit card, the Citi Simplicity Card also offers customers No Waiting for Live Help; lets users customize their payment due date and set e-mail and text payment notification alerts based on their preferences and needs; and charges No Annual Fee. This is in response to findings showing over 50% of consumers paid a bill late in their lifetime, mostly for having forgotten the due date. It also lets users adjust the payment due date to better suit their needs as well as the option to enroll in Citi’s alerting services, which send a reminder of upcoming payment due dates via email or a message to their mobile phone.

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USA Technologies Addresses Shareholders on Performance

USA Technologies issued a letter to its shareholders reflecting on having achieved record revenues for the quarter ended June 30, 2011 and record revenues from license and transaction fees, cashless transactions processed, and record new customers. Moreover, USATech unaudited total revenue for the quarter totaled approximately $22.9 million, an increase of 45% compared to $15.8 million a year earlier, compared to the fiscal year ended June 30, 2006 figure of a mere $6.4 million. Additionally, the unaudited June 30, 2011 quarter total revenue is up approximately 53% from the approximately $4.5 million in total revenue earned for the same quarter a year ago and doubled the 1,050 customer clients from 2010.

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Electronic Payment Exchange Visa-Certified in P2P Payments

Electronic Payment Exchange (EPX) full-service payment processor has embarked on the P2P payments market, having completed the Visa certification for processing Visa Personal Payment transactions, through which EPX can now facilitate person-to-person payments. Visa Personal Payment transactions eliminate the inefficiencies of cash and checks for payments between individuals by enabling Visa cardholders to send person-to-person payments to a recipient’s Visa account or personal bank account. Through Visa and participating financial institutions, cardholders and the financial institutions’ customers can direct payment from their respective Visa accounts or personal bank accounts via an Internet-connected device or mobile phone.

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