Consumer Debt & Card Rates Both Way Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having leaped 5.3% in June since the year ago figure, it was down again in July 6.8%, according to the Federal Reserve. Meanwhile, average credit card APRs have demonstrated the greatest discrepancy since its year ago figure in months. After peaking at well…

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Bluepoint Solutions and CFC Technology Partner, Launch mDeposit

Bluepoint Solutions and CFC Technology forged a partnership to offer mobile check capture and consumer in-home check capture to community banks and credit unions. CFC Technology will add Bluepoint’s QwikDeposit ToGo and QwikDeposit Home remote deposit capture solutions to its current product portfolio. Bluepoint’s QwikDeposit ToGo allows smartphone users to take photos of their checks with their mobile phone and deposit those checks to their checking or savings account. Smartphone users simply download the application provided by their financial institution to their mobile device and follow the app’s step-by-step deposit instructions. CFC will offer QwikDeposit ToGo as both an integrated or as a standalone solution.

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Apriva Certifies VeriFone Product Line

Apriva wireless transactions, gateway services, and secure information solutions has certified VeriFone’s new VX Evolution line of terminals for payment processing through the Apriva gateway. The EMV-ready VX680 and VX520 are immediately available to the company’s network of over 850 merchant acquirers that are connected through the Apriva gateway to its network of more than 30 certified payment processors. Apriva embedded its highly-regarded proprietary security protocol, AprivaTalk™, in both terminals to maintain superior security for all transactions that pass through the Apriva gateway.

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VeriFone Appoints New Board Member

VeriFone Systems announced that Wenda Harris Millard, president and chief operating officer of MediaLink LLC, was named to VeriFone’s board of directors. Millard was a key driver at DoubleClick, Ziff Davis, Yahoo!, and Martha Stewart Living Omnimedia before assuming her current role with MediaLink, an advisory firm that provides critical counsel and strategic direction to the media, marketing, advertising, entertainment and technology industries. She also sits on the board at True North, Martha Stewart Living Omnimedia, Context Web and, currently, Millennial Media.

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PrivatBank Implements Gemalto Contactless mPayment

Gemalto digital security was implemented by PrivatBank to provide Optelio contactless stickers for Ukraine’s first commercial mobile payment deployment. Gemalto’s “Optelio” contactless sticker is a microprocessor-based secure personal device that enables PrivatBank to provide its existing customers with an additional payment option on their favorite device: their mobile phone. It has been designed to work on any handset model, combining diminutive size with the highest communication performance at point-of-sale terminals that are contactless ready. PrivatBank customers simply attach the sticker to their mobile phone in order to securely use the contactless feature for small amount purchases.

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Barclaycard Introduces 2 New Reward Cards

Barclaycard launched its Barclaycard “Cashback” and Barclaycard “Freedom Rewards” cards. The “Cashback” card gives customers four times more cashback on their five biggest monthly purchases, with no tiers or thresholds. Customers earn 2% on their five biggest monthly purchases and 0.5% on everything else. When customers take the card out they receive a welcome bonus, giving them the opportunity to earn 6% cashback on their five biggest purchases each month for the first three months. The Barclaycard “Freedom Rewards” card lets customers collect points on everything they buy on the card. They can redeem points at around 70 reward partners including retail giants, online favourites, restaurants and fun family days out.

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NRF Shows Swipe Reform Saving Near $18mm Daily

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The National Retail Federation is now showing U.S. retailers and consumers are collectively savings nearly $18 million daily. This money previously went to card companies and banks as debit card swipe fees, costing retailers and consumers $22 billion in 2010, for an average of $192 a year for each of the…

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Bluepoint partners CFC Technology for mRDC

Bluepoint Solutions and CFC Technology partnered to offer mobile check capture and consumer in-home check capture to community banks and credit unions. With this, CFC Technology will add Bluepoint’s QwikDeposit ToGo and QwikDeposit Home remote deposit capture solutions to its current product portfolio. Bluepoint’s QwikDeposit ToGo allows smartphone users to take photos of their checks with their mobile phone and deposit those checks to their checking or savings account. Smartphone users simply download the application provided by their financial institution to their mobile device and follow the app’s step-by-step deposit instructions. QwikDeposit Home lets users capture check images on a scanner and deposit on their financial institution’s internet banking portal.

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FIS Clients Adopt Prepaid Solutions En Masse

FIS announced that it experienced continuing market demand for its prepaid solutions in the first half of 2012 as financial institutions, retailers and other market sectors expand the use of prepaid cards to deliver a convenient and cost-effective payment option to consumers. This growth is represented by more than 80 new or expanded client agreements across the globe. FIS’ strategic focus is to be on the forefront of real-time global money movement and be the leading provider of real-time banking and payment solutions. FIS delivers global connectivity and empowers both financial institutions and non-financial institutions to drive new sources of revenue and profit from emerging payment opportunities.

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Western Union to Launch Payment Platform for NGOs

The Western Union Company announced its commitment to creating a financial platform for the payment needs of non-profit and non-governmental organizations (NGOs) with the Western Union “NGO Global Pay.” The “NGO Global Pay” is designed to help NGOs overcome the gap between funds that need to be disbursed and the people who need them. It will leverage the company’s 510,000 physical locations to help connect NGOs to the people they serve in over 200 countries and territories around the world. With this, Western Union will offer a wider array of pay-out options for nonprofits to send funds and tools to help NGOs monitor and report on fund disbursement.

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