Unemployment rates were lower in March than a year earlier in 317 of the 372 metropolitan areas, higher in 44 areas, and unchanged in 11 areas. Meanwhile, 14 areas recorded jobless rates of at least 15.0 percent, 8 areas registered rates of less than 5.0 % and 260 metropolitan areas reported over-the- year increases in…Details
Research now indicates 74% of moms would rather receive $50 cash than a $50 bouquet of flowers on Mother’s Day. With this, 90% of consumers are looking for a way to thank their mothers this Mother’s Day sans flowers and candy, 72% of whom are considering giving cash. This compounds findings showing 79% are apprehensive about shopping for Mother’s Day for one reason or another, 52% of whom indicating they don’t know what Mom wants. Also according to the survey, conducted by Wakefield Research, 43% disclosed they can’t afford what they really want to buy their moms.Details
Diebold hired Alex Brown to fill the role of vice president, corporate strategy and development and promoted Scott M. Angelo to vice president and chief information officer. Angelo will oversee operations of Diebold’s global information technology organization and its information and global risk and security operations. Angelo most recently served as vice president and chief security officer at Diebold, where he joined in 2006 as vice president and chief information security officer after having served as a military intelligence officer in the U.S. Army Reserve from 1986 through 2001. He received a bachelor’s degree in criminology from Indiana University of Pennsylvania, a master’s degree in information systems from George Washington University in Washington D.C., and a master’s degree in business administration from Case Western Reserve University. Brown most recently served as a partner at Marakon, an executive management consulting firm based in Chicago. Brown holds a master’s degree in business administration from Northwestern University in Evanston, Ill., and a bachelor’s degree in international relations from the U.S. Military Academy in West Point, N.Y.Details
Business Solutions of American Bankers Association has announced its “Community Bank Prepaid” turnkey, bank-branded, prepaid solution for ABA members. This allows bank customers using prepaid cards to pay employees, support college students or help people using alternatives to traditional checking accounts. The “Community Bank Prepaid Program” was created with and is serviced by TransCard prepaid card processing and MasterCard. ABA provides Bank Identification Number (BIN) sponsorship to member banks. All program operational support is handled by TransCard, with bank marketing materials provided by MasterCard, and cardholders can use their mobile phones to pay bills, check their balances, and receive text messages when transactions occur or their balance is low.Details
Geoffrey L. Berman of Development Specialists has been selected by the the American Bankruptcy Institute (ABI) Board of Directors as President for 2011-12 to serve a one-year term. An ABI member since 1991, Berman has served as ABI’s Vice President-Publications and chaired a Task Force on General Assignments and is a frequent lecturer on bankruptcy and insolvency subjects. He received his B.A. in business administration with an emphasis in accounting and finance from the University of the Pacific and his J.D. from Southwestern University School of Law.Details
For the Wells Fargo annual Small Business Appreciation Celebration has kicked off its interactive “Business Insight Resource Center” at (www.wellsfargobusinessinsights.com) financial information portal for small business owners. This offers business owners a free way to access engaging multi-media content with tips and strategies on how to start, grow, manage, expand and transition businesses. It also provides special offers on products and services to small business owners throughout May and June as part of this celebration. With this, it offers advice from industry experts, best practices and strategies as shared by fellow small business owners and information about how Wells Fargo solutions can help business owners solve specific business issues.Details
Diebold announced the election of Patrick W. Allender to its board of directors at the company’s annual meeting. In conjunction, chief financial officer and secretary Danaher Corporation was elected. Also, re-elected to the board of directors were Bruce L. Byrnes, retired vice chairman, global brand building training, Procter & Gamble, Inc., Cincinnati, Mei-Wei Cheng, president and chief executive officer; Phillip R. Cox, president and chief executive officer; and Richard L. Crandall, non-executive chairman of the board.Details
Consumer financial services company Plastyc has won a patent for new ways to make online payments more efficient and affordable for online merchants who accept Visa and MasterCard. The patent defines methods that extend the payment networks’ capabilities to address online shoppers’ desire to buy digital goods — such as a 99 cent song or e-magazine — using debit and prepaid cards. Specifically, U.S. Patent No. 7,850,080 protects consumers while reducing customer support costs for merchants, by creating a way for merchants and card-issuers to resolve disputes in real time when purchased digital goods; enhances discount programs by enabling merchants to exchange product category information with card issuers when needed; and makes it more feasible for merchants of small-value digital goods to accept prepaid cards by letting merchants verify the balance of debit or prepaid cards and negotiate a short-term reservation of funds without placing a formal authorization hold on the card.Details
Although Level 4 merchants make up a majority of the businesses in the United States, they fly under the radar for many ISOs, acquirers and other service providers and are common hacker targets. More breaches occur at the small merchant level than any other. Targeting this segment, ControlScan is offering its “PCI Fundamentals for the Small Merchant” course, discussing Level 4 merchants and their unique risk profile; the basic understanding of PCI DSS and card brand requirements; acquirer responsibilities in driving compliance among small merchants; how Level 4 merchants become compliant and the tools that aid the process; and how to develop a comprehensive PCI compliance plan for Level 4 merchants.Details
7-Eleven is helping customers celebrate The Hangover Part II movie launch with “morning-after” specials, exclusive Super Big Gulp™ collectable cups, and a trip to Las Vegas for one lucky fan. 7-Eleven is offering fans an exclusive peek of the movie through five collectable Super Big Gulp™ cups featuring never-before-seen moments from The Hangover Part II. Through a partnership with the SCVNGR application, 7-Eleven is hosting a mobile scavenger hunt with the grand prize winner receiving a trip to Las Vegas. Fans can download the SCVNGR app, available on iTunes and through Android Market, and begin playing today. Check-in at stores and complete tasks for points, like taking a picture with a Super Big Gulp® cup featuring your favorite Hangover Part II character or a photo with your wolfpack at a 7-Eleven store. Fans can cash in points for prizes like tattoos (the temporary kind), t-shirts, 7-Eleven gift cards, movie tickets and a chance to win a trip to Las Vegas.Details
Bill.com paperless bill management and payment for small and medium-sized businesses (SMBs) and CPA firms deployed its “Sage Peachtree Sync” integration. Bill.com’s “Sage Peachtree” one-click, two-way synchronization liberates accountants and SMBs from redundant data entry and provides a simple, powerful and cost-effective solution for managing the entire bill payment and management process, anytime and anywhere through any mobile device or Web browser. This allows Vendor bills and payment processing from the office or in a mobile environment; Paperless multi-user accounts payable (AP) workflow utilizing digital images of invoices and other financial documents for both financial and non-financial users; One-click, flexible payment methods including check, Bill.com ePayment (ACH), and instant payments via PayPal that eliminate the need to print, sign, and mail checks or enter payments in separate banking systems; Enhanced check management with advanced fraud protection previously only available to large enterprise organizations.Details
NACHA has designated the month of May to highlight the many benefits and resources available to individuals and companies of using Direct Deposit as a means of streamlining processes and saving money. Direct Deposit works for every business.
Celebrate Direct Deposit Month with NACHA
NACHA offers the website www.electronicpayments.org as a resource for all things Direct Deposit and Direct Payment including:
What it is, how it works, the benefits.
Implementation and marketing tools and resources.
Calculation tools to estimate how much you can save by switching your organization’s payroll from paper checks to Direct Deposit.
How to communicate the benefits of Direct Deposit and Direct Payment to your employees and your customers.
How to increase employee benefits by adding split deposit to your payroll program.