MO-based Jack Henry & Associates reported that second quarter total revenue increased to $191.9 million, compared to $188.7 million in the same quarter a year ago. Net income in the current year was also $27.8 million, up 12% from 2Q/08. EFT Support, which includes ATM/debit card processing, bill pay, remote capture, and Check 21 transaction processing services, had the largest percentage growth of 8% year-on-year. The bank systems and services segment revenue increased 3% to $161.5 million. The credit union systems and services segment revenue decreased 6% to $30.3 million. Earlier this week, Jack Henry & Associates announced a definitive agreement to acquire Goldleaf, a provider of integrated technology-based solutions designed to improve the performance of financial institutions. For complete details on Jack Henry’s latest performance visit CardData (www.carddata.com).Details
The Toronto Maple Leafs, Toronto Marlies and the Lakeshore Lions Club
have partnered with MasterCard Canada to provide hockey players with
more opportunities to achieve their dreams through the new MasterCard
Center for Hockey Excellence. The MasterCard Center for Hockey
Excellence community ice facility is scheduled to open in September will
offer visitors three NHL-size pads and one Olympic-size pad with seating
for 1,000 spectators. MasterCard Canada will donate 250 hours of ice
time to the local community and grassroots hockey programs each year
with Free MasterCard Community Skate for families every Saturday; Free
MasterCard Open Skate for students on professional development days
throughout the school year; and free ice time from September to June to
various local community groups.
Given more than $10 trillion was exchanged in electronic payments
throughout the world in 2008, VerifySmart secure and fraud free payment
processing services has launched its “Verify Transfer” integrated and
scalable e-commerce system and enhanced website. VerifySmart has spent
four years developing its anti-fraud, PCT Approved, technology to
address the ever increasing, $56 billion-per-year, problem of ID theft
and payments card fraud. “Verify Transfer” services offer; seamless
integration with “VeriSmart Card” and “VerifyNGo”; virtual bank
functionality, allowing merchants full fund management; merchants
capabilities to issue and assign “VeriSmart Cards” to end users; the
ability to garner interest in new markets via its foreign exchange
module; full reporting and record management; and merchant and end user
peace of mind through its “VerifyNGo” two factor authentication.
Tampa-based nFinanSe announced it will begin offering this Fall Visa-branded general purpose reloadable prepaid cards. The new card will meet the competition head-on with a $3 purchase price. Other fees for the new cards include: $2.95 monthly fee; $2.95 reload fee; no hidden transaction fees and no fees on purchases; and free direct deposit of payroll. Other benefits include purchase and available balance information sent to cardholder’s cell phone and/or email address after each transaction as well as mobile couponing through Rocketbux. The new card will be reloadable at 80,000 nFinanSe Network locations nationwide.
This card is issued by Palm Desert National Bank. nFinanSe is a registered ISO of Palm Desert National Bank.
The Accounts Receivable Management industry has tons of collection accounts but also has tons of consumers who cannot pay.
According to the latest Kaulkin Ginsberg “Credit and Debt Collection Confidence Survey” more than two-thirds of collection agencies reported moderate to significant increases in business from their clients, but their rating of collection performance declined from first quarter to second quarter. As a result, layoffs are continuing in the industry, with 32.2% of collection agency respondents and 41.4% of debt buyer participants reporting layoffs in the second quarter. When previously asked to rate their Q1 debt collection performance, over 46% of accounts receivable management firms reported âstrongâ or âvery strongâ collections â an increase from the 29.7% reporting the same level of performance in fourth quarter. However, this improvement is still below levels reported earlier in 2008, and in the first month of second quarter, fewer ARM firms (38.6%) reported this level of performance.
Mauritius Commercial Bank has deployed Level Four’s “ATM Developer”
automated testing solution. MCB has 146 ATMs through which it will
initiate the Level Four ATM open standards-based software. This will
allow MCB to automate ATM testing; speed deployment of new ATM software;
and reduce the amount of internal resource required. With “ATM
Developer,” MCB can perform thorough testing, carry out parallel testing
and respond to business requirements in considerably less time than its
previous manual testing process allowed. The new solution also allows
MCB to introduce BNA transactions, which require more frequent and
rigorous testing of the ATM network, streamline process and reduce the
time to market for new services. Level Four’s integrated BRIDGE suite of
open ATM software products have been developed to address the needs of
ATM deployers seeking to maximize their investment in the ATM channel.
The Conference Board Leading Economic Index (LEI) for France increased
for the third consecutive month by 0.9% while the Conference Board
Coincident Economic Index (CEI) decreased 0.1% in June. With the 0.9%
increase in June, The Conference Board LEI for France now stands at
101.5 (2004=100), which increased 0.7% in May and increased 0.6% in
April, while the CEI now stands at at 102.9 (2004=100), which remains
unchanged in May and decreased 0.2% in April. LEI results for the month
were attributed to positive gains in inverted new unemployment claims;
the yield spread; production expectations; building permits and the
stock price index while negative contributors included industrial new
orders and the ratio of the deflator of manufacturing value added to
unit labor cost for manufacturing.
American Express Business Travel has unveiled “virtual meetings eXpert” to serve as a central hub and aggregator of a public telepresence
facilities and the private network a company may already have in place. “Virtual meetings eXpert” will
help clients achieve their individual travel goals and savings through a
flexible platform available both online and offline. Based on criteria such as the price, duration of the trip, purpose,
environmental impact and more, the solution will alert travelers at the
time of booking on available telepresence and high-end virtual meeting
options, and guides them through scenarios that determine if it makes
sense to take the trip virtually. The solution can also be
utilized in helping companies convert conference calls and Webexes to a
virtual meeting. “Virtual meetings eXpert” provides an efficient booking
process of the available facility when itâs the right decision. Not only
can this drive key savings, but ultimately enhances productivity and
employee satisfaction, by boosting collaboration that otherwise may not
have been able to occur. American Express has filed for patent protection of the
solution, encompassing the design for aggregating the content as well as
methodology and process which will help guide travelers in making
informed decisions when weighing the choice to travel versus using
telepresence services or virtual meetings technology. This service will
be integrated at the point-of-sale with both travel counselor assisted
reservations or online booking channels, including the Companyâs global
eXplore portal, meetings solutions, and other key platforms.
NJ-based payment processor GoEmerchant.com has introduced the newest
version of the”GoEmerchant Payment Gateway and Virtual Terminal”.
The “GoEmerchant Payment Gateway and Virtual Terminal” provides a
convenient way to
process and manage both credit card & ACH transactions and store
information in a single, secure, reliable and easy-to-use system.
The virtual terminal
both credit card and ACH transactions with nothing more than an internet
connection. The payment gateway and virtual terminal provide the security,
reliability and ease of use for retail, phone order & eCommerce merchants.
VRL has announced it will be hosting its 5th annual “Prepaid Cards
Summit” at the Grand Hotel Parco dei Principi in Rome from November 12th
to the 13th, 2009. Topics addressed will include; Western Europe – key
markets; Central and Eastern Europe – growth opportunities with new
programme launches; Global trends in prepaid markets and new trends in
emerging markets; Innovation in prepaid, mobile payments, contactless
and mobile payments; Technology and merchant acquiring; Prepaid customer
loyalty and rewards; and Consumer awareness. The event is sponsored by
VISA Europe, MasterCard Europe, SIA-SSB, Metavante, PayPal Italia,
Ukash, Epipoli, LaSer, Citi, Accor Services Italy, eCommlink, Euronet
Worldwide and Bemrose Booth.
FL-based self-service kiosk solution provider Global Axcess has signed a
three-year contract, valued at more than $750,000 per year, with a national grocery chain that has 400
Under this new contract, the Company will install,
and conduct transaction processing for ATMs in 51 of their retail outlets.
AirPlus International corporate travel payments has released its “The
Wire from AirPlus” August 2009 edition entitled: “Tackling Meetings
Spend.” Targeting the 52% of the corporate travel professionals who
disclosed they’re “very involved” or “involved” in the planning and
sourcing meetings, the 33% of professionals assisting in planning
meetings, the latest AirPlus edition is based on a survey of 148 travel
management professionals in North America and Europe in July 2009.
Largely unmanaged, meetings activities have proven one of the most
elusive categories of corporate spend, fragmented among a variety of
business units and parsed into miscellaneous cost centers. In many
corporations, upper management incorrectly assumes that meetings spend
is generally captured as part of corporate travel. Additional findings
show 58% of respondents have a policy; only 29% enforce meeting
policies; and over 60% disclosed the policies are either not enforced
(23.8 percent) or there was no policy at all (38.8 percent). AirPlus
International serves over 32,000 customers worldwide through a suite of
business travel payment solutions, including central bill accounts,
corporate cards and online management tools.