PAYPAL

E-payment processor First Data has
extended its processing agreement with Raiffeisen Bank Polska SA and
broadened the scope of its cooperation with the bank to include issuing
and processing of chip-based credit cards. The expanded agreement
enables Raiffeisen Bank to offer an advanced product with enhanced
transaction security and functionality to cardholders. First Data recently implemented a Web Data Access eXchange (WDX)
solution for Raiffeisen Bank Polska SA that enables the bank’s customers
to access a range of bank services online. Cardholders can view
information such as credit card balances, card payment and transaction
history and perform card activations using a variety of communication
channels such as the Internet and a mobile phone.

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GETI and PayLeap Forge Online ACH and Gift Card Partnership

Global eTelecom check processing and gift/loyalty card and PayLeap electronic payment services have partnered to enhance secure payment processing options for online e-commerce merchants. This partnership is intent on enhancing payment processing options for online merchants and their clients by integrating GETI solutions into the PayLeap payment gateway.
Global eTelecom provides proprietary electronic Check processing and Gift/Loyalty services to over 55,000 merchants nationwide, providing ePOS Check Conversion, Paper Guarantee, ACH Debit, Checks-By-Phone, Checks-By-Web, Check 21+ remote deposit capture, mobile Tele-Debit and Gift/Loyalty Card Processing.

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ADVANCE RETAIL

Island Pacific, a 100% owned subsidiary of 3Q, has expanded its “AdvanceRetail” operation in Malaysia. “AdvanceRetail” Technology Asia is to provide an increased level of support to resellers operating within the region. Island Pacific continues to develop and deploy high value and innovative software solutions that enable retailers to manage the entire scope of their operations and to understand, create, manage and fulfill consumer demand. These include POS, customer relationship management, vendor relationship management, merchandising, demand forecasting, planning, replenishment, allocation, and event planning.

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Consumers Seeking Debt Settlement Questions

Consumers tend to have a
misunderstanding when it comes to government grants and bailouts
regarding debt relief. The closest form of a debt relief bailout or grant is a program known as
debt settlement, however, such programs are not affiliated with the US
Government. Credit-Card-Relief.net offers a free debt evaluation to see what debt
relief program is best for the consumer at: www.credit-card-relief.net
This program is unique compared with other various credit
card debt relief services. Debt settlement works to eliminate debt
amounts through a negotiation process. In this program a professionally
trained debt arbitration specialist works to negotiate debts with
creditors on a consumer’s behalf.

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Asset Acceptance Capital Names New CFO

Reid E. Simpson has been appointed SVP and CEO, Asset Acceptance Capital, effective May 17, 2010. Simpson was most recently the CFO, Aircell in-flight mobile broadband services. Reid was also the CFO of eCollege.com, CFO of CCC Information Services, an advanced software, communication systems, internet and wireless-enabled technology solutions to the automobile claims and collision repair industries. Prior to this he held CFO positions at Dun & Bradstreet Plan Services (from 1988 to 1991), Nielsen Marketing Research (from 1991 to 1993) and DonTech (1993 to 1997).

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Mint.com Helps Americans Conquer Debt

With nearly 35% of Americans losing sleep over money matters, more than those worried about career or marriage combined, Mint.com (www.mint.com), a unit of Intuit, has created a free resource center for people looking to tackle their own debt, available at: http://www.mint.com/solutions/debt/. From February 2009 to February 2010, Mint.com users shrank average credit card debt by 14.3 percent, from $5,501 to $4,716 and increased cash savings by 3.2%, for an average liquidity growth across the aggregate group of 18.4%, year-over-year. Those working with the Mint.com budgeting tool saw their cash increase by 11.4%, while those who elected to not budget with Mint.com’s tool have seen their cash decrease by 3.9%. Still 75% of Mint.com users identify paying off debt as a key financial goal, and 84.1% have revolving debt in the form of credit cards.

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Murphy Oil to Offer Western Union e-Remittance Service

Murphy Oil USA, is set to offer the Western Union “GoCash” in-lane
money transfer service at 1,055 Murphy USA gas
stations and Murphy Express convenience stores in 21 states. With the
“GoCash” service, consumers will have the option to select $50; $100;
and $200. GoCash can be purchased for both domestic
and international money transfers. Once purchased, the sender will need
to complete the transaction over the phone through a Western Union
customer service representative and provide the money-transfer
information to the receiver. The agreement builds upon Western Union’s
go-to-market strategy in the United States, and complements Western
Union’s consumer experience by giving consumers the convenience of being
able to send a domestic or global money transfer while shopping at
Murphy USA and Murphy Express convenience store locations. Consumers
also will have the ability to purchase money order services at select
Murphy locations.

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Visa Posts Payments Volume Growth +13%

Visa’s three months ended March 31, 2010 payments volume growth was positive 13% over the prior year
at $745 billion, compared to the prior quarters’ positive 8% over the prior year at $769 billion. Total
processed transactions for the three months ended March 31, 2010 totaled 10.6 billion, a 14% increase
over the prior year. Service revenues were $885 million, an increase of 10% versus the prior year, and are
recognized based on payments volume in the prior quarter. Data processing revenues rose 34% over the
prior year to $728 million. International transaction revenues, which are driven by cross border payments
volume, grew 22% over the prior year to $545 million.

VISA-NET TRANSACTIONS (millions)
Mar 31,2010 10,600
Dec 31,2009 10,900
Sep 30, 2009 10,463
Jun 30, 2009 10,266
Mar 30, 2009 9,360
Dec 31, 2008 9,797
Sep 30, 2008 9,590
Jun 30, 2008 9,473
Mar 31, 2008 8,800
Dec 31, 2007 9,094
Note: Visa, Visa Electron, Interlink and PLUS
cards processed on Visa’s networks.
Source: CardData (www.carddata.com)

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NCR Cash Recycler Pro Certified with Compuflex

Following certification of the NCR “Cash Recycler,” the NCR “Cash Recycler Pro” has been certified with software from Compuflex cash management software. With this, financial institutions that use Compuflex can now operate the NCR Cash Recycler and Cash Recycler Pro in their branches with the same look, feel and user interface as their current Compuflex solution. The NCR “Cash Recycler Pro” solution has one of the highest levels of cash capacity in the market to drive efficiencies for financial institutions’ branch transactions, move lines faster, free up teller-line time for better customer service, and promote cross-selling. The solution is ideal for branches with high cash transaction volumes, foreign exchange applications or merchant banking. NCR is also an approved reseller of Compuflex’s cash management solutions, which complements NCR’s APTRATM Cash Connect offering. NCR APTRA Cash Connect is a multivendor software application for connecting branch applications with teller automation units, such as TCRs.

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NRF Urges House Judiciary Committee to OK Swipe Fee Bill

The National Retail Federation has urged
the House Judiciary Committee to approve legislation sponsored by
Chairman John Conyers, D-Mich., that would require Visa and MasterCard
banks to negotiate over the terms and conditions associated with the $48
billion in credit card swipe fees paid by merchants and their customers
each year. The committee is scheduled to hold a hearing this morning on H.R. 2695,
the Credit Card Fair Fee Act. Co-sponsored by Representative Bill
Shuster, R-Pa., the measure would require credit card systems possessing
“substantial market power” to negotiate with merchants to reach a
voluntary agreement on credit and debit card terms and conditions. Officially known as interchange, swipe fees average about 2 percent of
the purchase price and are charged to merchants by Visa and MasterCard
banks each time one of their cards is swiped to pay for a purchase.
Collections totaled $48 billion nationwide in 2008, triple the $16
billion collected when NRF began tracking the fees in 2001.
Under current practice, Visa and MasterCard have always
refused to negotiate over the fees, instead unilaterally imposing them
on merchants. While often dismissed by the card industry as a business-to-business
matter, Visa and MasterCard rules effectively force merchants to pass
the fees on to consumers by requiring them to be included in the
advertised price of merchandise and making cash discounts difficult.
Nationwide, the average household paid an estimated $427 in higher
prices in 2008, up from $159 in 2001.

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ABA Voices Concern Over Interchange Fee Changes

Kenneth J. Clayton, senior vice president and general counsel for ABA
card policy has issued a statement regarding proposed interchange fee changes.
“The American Bankers Association remains opposed to legislation that
would disrupt our nation’s properly functioning electronic payments
system. The Credit Card Fair Fee Act (H.R. 2695) represents yet another
attempt by the merchant community to try, at the behest of large
retailers, to get Congress to lower their cost of doing business, all to
the detriment of consumers and the broader economy.
“Banks of all sizes – from the largest global financial institutions to
the smallest community banks throughout the country – take on
significant risks and costs when they issue both debit and credit cards.
These include extensive infrastructure costs, fraud costs and the real
risk of non-payment. Interchange fees compensate banks for taking on
these burdens and make it possible for banks to offer consumers better
services, more competitive choices, and lower prices.

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Patient-to-Provider Payments to Reach $356 Billion

A new report provides an overview of the patient-to-provider payments
market for point-of-service
payments, post-service payments, and prescription drug payments.
Based on qualitative interviews conducted by Aite Group at banks,
healthcare vendors, and card networks in Q1 2010, the report also
provides a detailed breakdown of current and anticipated growth, and
estimates potential revenue opportunities for issuers and acquirers
through 2012. Models and solutions for patient-to-provider payments (i.e., payments
that are the patient’s responsibility for services incurred at provider
offices) have been gaining momentum in the U.S. healthcare industry over
the past three years. In 2008, the patient-to-provider payments market
amounted to approximately US$252 billion, a number that Aite Group
anticipates will reach US$356 billion by year-end 2012. Though this
segment still comprises the smallest portion of the overall healthcare
payments market (11% of the market in 2008), it is rife with
opportunities for issuers, acquirers, card networks, and healthcare
vendors seeking to enter the healthcare arena.

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