Jack Henry Bank Clients Outperform by 36 BPS

The average Jack Henry & Associates client of its “ProfitStars” division outperform the industry in terms of net interest margin (NIM) by 36 basis points, when compared to 4,000 other U.S. community banks of comparable size. These conclusions were drawn based on results from users of the “ProfitStars” “Margin Maximizer Suite” loan and deposit pricing solution and “BusinessManager” accounts receivable financing solution. Additionally, ProfitStars’ pricing strategy recommendations typically generate an improvement of 10 to 50 NIM basis points within the first year following implementation and there was a rapidly increased NII for ProfitStars’ clients at an 8% growth rate versus the industry average of 5.92%. Offering solutions to improve the performance of financial institutions and diverse corporate entities, “ProfitStars” improve the performance of financial institutions and diverse corporate entities.

Details

HEALTH SOLUTIONPLUS

Great-West Life group benefits has signed an agreement with Evolution Benefits to develop the “Health SolutionsPlus” Visa payment card. The “Health SolutionsPlus” Visa will be loaded with a group plan member’s HCSA funds. The card will allow members to conveniently pay for covered health-related products and services from providers authorized by Great-West Life, using the provider’s existing Visa payment processing equipment. This will significantly reduce the need for plan members to pay upfront and submit paper or electronic claims for reimbursement, thereby decreasing out-of-pocket expenses.

Details

QR CODES

QR Loyalty now allows restaurants to deploy sticky and viral loyalty programs with its “QR Codes,” allowing consumers to pay and get discounts using web enabled mobile phones. With research showing this has potential to increase revenue 5% to 10%, “QR Codes” contains a transaction identifier printed at the bottom of every bill along with a call-to-action prompting customers to scan the QR code to auto-enrol in the restaurant’s loyalty program and begin earning loyalty rewards through the POS terminal software. The “QR Code” automatically links users to a mobile web app where users can interact with their loyalty account.

Details

MASTERCARD POS

MasterCard Canada announced a six-month extension for Canadian merchants to migrate to chip-and-PIN POS technology, with the original timeline of October 15, 2010 extended to March 31, 2011. With this deadline, MasterCard accepting merchants who have not upgraded to chip-enabled point-of-sale terminals will be liable for fraudulent transactions effected at their POS. Chip migration brings additional significant security enhancements to Canadians, using a small computer processor chip with memory, logic and a configuration of software applications, significantly enhancing security and preventing unauthorized use or copying.

Details

X2390i

X2 Computing mobile computing solutions has made available its “X2390i” widescreen tablet PC. Combining an 8.9″ high visibility touch display with high performance processing power for POS applications including retail, gaming, field service, healthcare, manufacturing and hospitality. The “X2390i” is based on the Intel Z530 1.6GHz processor and is compatible with a range of operating systems including Windows 7, XP and XP Pro Embedded as well as Windows 7 Pro , XP Professional or Linux enabling it to be easily integrated into any environment. It also features a 3-megapixel camera and range of fully-integrated options that offer added reliability and security over individual add-on components and provide seamless data capture for faster processing and transmission.

Details

VISA CANADA

Visa Canada and its Canadian card-issuing financial institutions, in response to requests from the merchant community, have assisted merchants by postponing the domestic chip liability shift’s effective date to March 31, 2011. This date signifies when Canadian merchants become liable for domestic card-present fraudulent transactions that may have been avoided by adopting Chip technology. Liability involving chip cards used at non-chip devices was originally slated to shift on October 1, 2010, but issuers will continue to absorb the liability for domestic transactions until March 31, 2011.

Details

ARTEZ MOBILE

Artez Interactive fundraising platform providers has launched its first mobile fundraising App for iPhone. The iPhone app will be available to charities in the next few weeks, converging PC and computing, Internet, consumer electronics and wireless phones, and will be a major catalyst in the rapid evolution of the industry. Enabled by expanding wireless networks across North America, consumers are adopting smartphones at a record pace. In addition, the app phenomenon now makes it possible for consumers to interact with their favorite web sites and mobile platforms wherever they go. However, the cost of creating and managing a custom mobile application is often out of reach for charitable organizations.

Details

EASYV-RETAIL

Pacific Amber Technologies announced YESpay “EasyV-Retail” integration, enabling its growing base of “AmberPOS” POS customers to accept Chip and PIN debit and credit card payments. The “EasyV-Retail” solution enables merchants to process EMV Chip & PIN and magnetic credit and debit card payments and is now fully integrated into the “AmberPOS” POS software solution. This proposition in fact relieves merchants from deploying and maintaining an in-house payment solution as well as undergoing formal end-to-end bank testing and managing PCI-DSS compliance.

Details

Patelco CU Deploys Fiserv Account Processing

The $3.6 billion Patelco Credit Union of San Francisco has inked agreements to implement “Acumen” from Fiserv financial services technology. The Fiserv account processing solution features Internet-based architecture, premium redundancy features, and cost-effective scalability. The “Acumen” application design was brought to U.S. market in 2009 and is the newest choice in account processing for credit unions, featuring an open architecture, advanced functionality and ease of use. It eliminates legacy technology and is available via service bureau, in-house delivery or resource management.

Details

PayPal Invites Developers to Discuss the ‘Way We Pay’

PayPal is set to host its second annual “Innovate conference” Oct. 26-27 in San Francisco. Inviting experts and developers to explore the growth of mobile payments, the rise of social commerce and the move to Internet-enabled local payments, the three main areas that are changing the way we pay, the Conference will address the future of commerce and payments and how to best capitalize on it. Attendees are invited to explore the capabilities of mobile and social activities, such as The Mobile Payments Opportunity in Emerging Markets; Attracting Gen Y’ers: Mobile Banking, Social Media and New Technologies for Financial Institutions; How to Integrate PayPal for Digital Goods; and Replacing Checks and Cash with PayPal.

Details

Celerant Technology Awarded POS Software Perfect Score

Celerant Technology retail software has been recognized in CPA Advisor’s “2010 Retail/POS Review” for the second year in a row. This year the CPA Advisor focused on specific features and functionality that are important for maintaining a successful retail business. Celerant Command Retail received top scores in all areas. Celerant Command Retail provides retailers with a complete software solution that fully integrates the point of sale with back office functionality, inventory control, accounting, warehouse, distribution, allocation, advanced reporting and E-Commerce.

Details

RSR Research Shows Top eGift Cards

RSR Research revealed its “The Digital Divide: Digital Gifting Among Top Internet Retailers,” studying a list of the top 100 online retailers, and rated each on their digital gift card offering, using 20 critical criteria. The criteria focused on the comprehensiveness of the offering and the selection, purchase and recipient experience, focusing on digital gift card purchases made in July 2010. It concluded the retailers with the highest overall scores and therefore the most comprehensive digital gift card offering are The Home Depot; CVS Caremark; Amazon.com; American Eagle Outfitters; Sears Holding Corp.

Details