Western Union Facilitates mMoney Transfers To M-PESA Subscribers

Western Union now lets users send to “wallets” of Safaricom M-PESA subscribers in Kenya from 45 countries and territories. The expansion of the service to more than 80,000 Western Union Agent locations worldwide follows the successful debut of the offering from Western Union Agent locations and the westernunion.com website in the U.K. The service rides on Western Union’s worldwide network and trusted global “hub” for processing cross-border remittances. It also builds on the unprecedented success of M-PESA, a domestic mobile money transfer service in Kenya offered by Safaricom that has attracted more than 13.5 million customers since its launch in 2007. The service will allow people to visit one of more than 80,000 Western Union Agent locations in 45 countries and territories across the globe, including the U.S., Canada, Italy and the U.K., and send funds directly to the mobile “wallets” of M-PESA’s 13.5 million subscribers. Funds are delivered generally in minutes.

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FeeFighters Expands International Footprint

FeeFighters online comparison shopping engine has expanded its money-saving service into Canada. The free comparison site at www.feefighters.ca helps merchants cut through the murky waters of notoriously inflated rates, confusing contract terms and hidden costs to find the absolute best deal on credit card processing fees. FeeFighters brings transparency to the pricing structure of processing fees and maintains merchant-friendly rules for its processor marketplace. All processors featured on the site have been vetted and must adhere to strict rules and transparent pricing, which ensures business owners won’t get ripped off or hit with hidden costs.

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U.S. Bankers See Warm Spring, Small Business Owners Don’t

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Although small business confidence in the economy may be declining, with 54% indicating a poor outlook on the recovery in March- compared to 41% in February- US bankers are telling quite a different story. Growing optimism toward the health of U.S. consumers is greater now than at any point in the…

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AmEx Global Business Combines Compliance & Trip Planning

American Express Global Business Travel has made traveler information
enhancements to its “Pre-Trip Auditor” (PTA) compliance tool. Allowing
companies to automatically send notifications to travelers when they’ve
booked out of policy and having itineraries sent to a traveler’s manager
for approval, “PTA” will now also send trip notifications related to
visa/passport information for international travel, company incentives
or programs, industry advisories on high-risk destinations,
recommendations for virtual meeting options, and how to utilize
enterprise mobile applications while on trip. AmEx’ “PTA” ultimately
allows companies to control costs and keep an eye on the bottom line.
The “PTA” core functionality not only enforces travel policy but also
has exceptional depth in its audit capabilities, giving reporting
capabilities on all aspects of travel bookings, alerting companies with
how many travel bookings are made out of policy, the top ten travelers
making bookings out of policy, and the top ten reasons for booking out
of policy.

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NCR & RaceTrac to Install BLOCKBUSTER DVD Kiosks

NCR Corporation is installing its “BLOCKBUSTER Express”-branded movie kiosks in 309 RaceTrac convenience stores located in five states throughout the Southeas. Nearly 200 kiosks already are installed, with remaining kiosks to be completed by June 2011, allowing RaceTrac customers to rent new movies 24 hours a day from BLOCKBUSTER Express kiosks. Using their credit or debit card, customers have access to the widest selection of popular movies available starting at only $1 per night, per rental. The “BLOCKBUSTER Express” kiosks have more than 950 DVDs each. NCR Corporation address retail, financial, travel, healthcare, hospitality, entertainment, gaming and public sector organizations in more than 100 countries.

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Near Field Communication Forum Announces New Members

The NFC Forum non-profit industry association that advances the use of NFC technology, announced Google is joining the organization as a Principal member. CSR and Intel, formerly Associate Members, have raised their membership status to the Principal level. Since its founding in 2004, the NFC Forum has drawn market-leading organizations from around the world to its membership roster as momentum builds for the adoption and implementation of Near Field Communication technology. Principal membership is the second-highest level of membership in the NFC Forum. Each Principal member is subsequently entitled to appoint a voting representative to each of the Technical, Marketing, and Compliance Committees and Working Groups.

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Chase Commits $25 Million to Charities

Chase announced an additional two-year, $25-million commitment to the ” Chase Community Giving” philanthropic program on Facebook, having already awarded $10 million to 300 small and local charities in 38 states, and Washington, D.C., since 2009. “Chase Community Giving” has attracted more than 2.4 million fans that determined the winners from more than 500,000 participating charities nationwide. Chase is currently preparing for its Spring 2011 program, which will begin online Monday, April 4, and will focus on local charities with annual operating expenses from $1 million to $10 million. Plans are also underway for another program later this year geared toward smaller, more local charities. The “Chase Community Giving” program is hosting a forum at 12:30 p.m. EDT that will be broadcast live on Facebook.

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POSPaper.com Launches New Mobile Site

POSPaper.com Point of Sale supplies, paper products and accessories has made available its new mobile website at http://mobile.pospaper.com. Providing to clients thermal paper rolls, credit card supplies, ATM paper, sales slip imprinters, printer ribbons and more has seen favorable reception among its customers, who can now shop for and order any of the items in the POSPaper.com product line from their hand-held devices. The addition of a mobile website is both a sign of the technological age we live in, and a validation of how that technology can bring customer convenience into a new and exciting age. Hand-held mobile devices are the means by which a growing number of busy professionals can take care of several aspects of their business while on the go.

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Bank of America Director Boardman to Retire

Bank of America Corporation announced William P. Boardman would not seek another term as director at its annual meeting of shareholders in May. Boardman was chairman of Visa International from 1996 until his retirement in 2005 and also formerly served as a director of both that company and Visa USA Inc. He was an executive at Bank One Corporation from 1984 through 2001, serving at various times as chairman and chief executive officer of its credit card subsidiary First USA and as vice chairman and director of Bank One. Previously, he practiced law in Columbus.

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CORRECTION – J.P. MORGAN Surpasses 100,000 Suppliers in it’s ORDER-TO-PAY NETWORK

J.P. Morgan has introduced new functionality to its Order-to-Pay solution to help suppliers more easily connect to its growing network of more than 100,000 buyers and suppliers. J.P. Morgan said that its global Order-to-Pay e-invoicing and payment processing (EIPP) network grew nearly thirty percent in the past year, indicating that businesses are increasingly seeing the value in automating accounts payable processes. J.P. Morgan’s Order-to-Pay solution offers suppliers a variety of options to choose from for receiving purchase orders and sending invoices, with payment options such as ACH, paper check, card and wire. The dedicated supplier portal enables users to easily track the latest status of invoices and payments at any time. Order-to-Pay not only provides visibility into payment status, but enables suppliers to choose how and when they get paid.

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Compass Plus Expands International Reach in 2010

Compass Plus retail banking software and electronic payments systems to financial institutions experienced 15% growth in 2010 with increased revenues, additional offices in St. Louis and in Dubai, UAE and expansion into North America, forging agreements with 14 new customers. It’s first US-based client was SystemPay International, which provides merchant services and end-to-end electronic payment processing solutions, supporting credit and debit cards, ACH, checks and gift cards. Meanwhile, Compass Plus enhanced its “TranzWare Mobile Banking” end-to-end mobile banking solution and released a new version of its “TranzWare Internet Banking” online banking application, customizable to consumers’ needs.

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