NetSpend Partners to Offer Underbanked Pay Convenience

NetSpend underbanked services has forged marketing agreements with The
General Automobile Insurance Services. This lets the insurance agency
offer their customers a NetSpend prepaid debit card. NetSpend prepaid
debit cards let unbanked consumers pay their auto insurance premiums
electronically in the safety and security of their own home through
online bill pay. This eliminates the need for money orders or wire
transfers, fees from which they also avoid entirely.

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Diebold ATMs Inks New Credit Union

Diebold is expanding with TX-based Union Square Federal Credit Union to deliver monitoring, remote services and enhanced security for its network of 21 ATMs and the addition of Diebold’s deposit automation technology to six of the credit union’s ATMs. With this, Diebold will improve the Credit Union’s security and provide its “Advisor ATM” status monitoring; “OpteView” remote services; its endpoint protection monitoring and software subscription management. Diebold upgraded the ATMs with new hardware that supports envelope-free transactions, including enhanced note acceptors (ENAs) and Intelligent Depository Modules® (IDMs).

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Fifth Third Bank Implements ClairMail mBanking

Fifth Third Bank has selected ClairMail mobile banking and payment to power its mobile banking services, allowing its customers better access to their accounts, bill paying capabilities and real time personalized text alerts. ClairMail’s scalable mobile platform also gives Fifth Third the flexibility to connect to multiple financial systems and future-proof their mobile powered offerings. The platform lets users access accounts through mobile web, SMS and a client apps on virtually any mobile device and check account balances, perform account transfers and view transaction history.

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ABA Addresses Recovery

The ABA chief economist issued a statement indicating the banking industry is regaining its footing based on asset quality having improved, loan losses having declined, and banks increasing capital levels. Banks added nearly $69 billion in equity capital last year and total industry capital is now more than $1.5 trillion. Banks also added more than $230 billion in reserves to cover possible loan losses. Most banks increased both their leverage capital and total risk-based capital last year. This demonstrates strong industry-wide improvement and a continued build-up of underlying strength. Also, the level of delinquent loans declined by $36.4 billion for the year and $45.9 billion over the past three quarters.

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Georgia Credit Union Implements Fiserv Processing

Georgia’s Own Credit Union of Atlanta has chosen to implement the Fiserv “Acumen” account processing solution. Featuring in-house delivery and integrated solutions, “Acumen” provides for users 360-degree member views; member relationship management and commercial services tools; and a flexible, customizable platform that’s open at every tier. Georgia’s Own Credit Union will implement the Fiserv Platform along side “Corillian Online” for online banking, Fiserv “CheckFree RXP” for electronic bill payment, “Mobile Money” for mobile banking, and “ZashPay” for P2P payments.

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Small Business Direct Deposit Offers Employee Savings

Small businesses let their employees save automatically using Direct Deposit, 71% of which provide the option for employees to split their deposit into multiple accounts. Moreover, larger businesses see more splitting, with 81% of businesses with 101 or more employees offer split deposit as compared to 65% with two to five employees and those with revenues of $15 million to $19.99 million, 76% offer split deposit contrasted with 61% of those with revenues under $500,000. This, according to a new study from NACHA, shows people save more money when they use split deposit.

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First Data Announces North American Leadership Team

First Data Corporation electronic commerce and payment processing has announced the leadership team for its North American business. Nine senior vice presidents with the following responsibilities include:

Vickie Brown – Walmart Partnership Management;
Jim Contardi – Product Solutions;
Kelley Everetts – Client Care and Implementation Support;
Kim Fitzsimmons – Merchant Services And Community Banks;
Mark Herrington – Global Product Management and Innovation;
Matt Kardell – National Clients and Alliances;
Pete Korpady – Global Network Management;
Barry McCarthy – Strategic Clients and Alliances;
Stan Wilson – Business Development.
In the Global Product Management and Innovation organization, the following executives would lead these specific product areas:

Kevin Barry – Network Solutions
Steve Boehm – Issuing Solutions
Bruce Dragt – POS Solutions (Acquiring, TeleCheck, Terminals, TASQ, Leasing)
Jeff Johnson – Prepaid Solutions
Dom Morea – Advanced Solutions and Innovation (Mobile Solutions, Innovation Management, Intellectual Property)
Silvio Tavares – Information and Analytics Services

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Sage Payment Acquires Heartland Merchant Portfolio

Sage Payment Solutions has acquired a small portfolio of merchant customers processing on third-party platforms from Heartland Payment Systems payment processor for undisclosed terms. This is Sage Payment Solutions’ fifth acquisition in the last 12 months, which is focused on strategic growth with such strategy through targeted portfolios in the automotive, lodging and hospitality markets.

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Merchant Warehouse’ Customer Service Awarded

Merchant Warehouse credit card processing was presented with a Stevie Award for Sales Lead Management System of the Year in the fifth annual Stevie Awards for Sales & Customer Service. This includes developing its own home-grown system and process to route and track leads from clicks to calls to closed sales. Subsequently, the company is now writing around 600 more deals a month, has significantly lowered the marketing spend and overall sales close rate has increased 15.

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FamilySearch Initiates Pilot, Considers SVP Donation Option

FamilySearch International has forged agreements with U.S. Bank to
evaluate Secure Vault Payments (SVP) as an online payment option for its
FamilySearch.org donation platform. The site allows visitors to initiate
online donations and are automatically redirected to their own
participating financial institution’s online banking platform to select
which account they wish to use for payment. They are then returned to
FamilySearch.org, where they receive payment confirmation. SVP was
developed by NACHA to reduce paper checks and increase use of the ACH
Network.

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TSYS’ Corporate Headquarters Recognized for Efficiency

The TSYS Columbus, Ga. riverfront campus has earned the U.S. EPA “ENERGY STAR” designation due to its energy efficiency. This means the building performs in the top 25% of similar facilities nationwide for energy efficiency. These types of building typically use an average of 35% less energy than typical buildings and also release 35% less carbon dioxide into the atmosphere. TSYS improved its energy performance by managing heating, cooling, natural gas and electricity strategically across the entire organization and by making cost-effective improvements to its buildings. TSYS turns a number of redundant lights out during business hours and implements reduced lighting in common areas; has installed lower wattage lights that reduce usage for each bulb by seven watts each; and has automated the HVAC systems since 2008.

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Affluent Consumers Increasingly Use eLayaway

eLayaway layaway payment processor has seen a steady increase in the average household income of its users over the past six years. Currently, over 23% of visits to eLayaway.com are from consumers with household incomes above $100,000 and 42% are above $60,000. The increase in consumer household income is supported by a similar increase in eLayaway merchants who primarily serve the more affluent market. The eLayaway payment process focuses on credit-weary consumers and those looking for a convenient payment-planning tool. The Company also owns and operates its eLayawaySPORTS.com, eLayawayTRAVEL.com and eLayawayHEALTH.com.

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