Kaiku Finance Launches Prepaid Visa Card

Kaiku Finance launched its KAIKU Visa Prepaid Card reloadable prepaid debit card. The KAIKU Card empowers consumers to more effectively manage their money, offering affordability, transparency, access, convenience and mobility. For it, cardholder funds are FDIC insured; there is no activation fee; cardholders can load funds by cash, from a credit card, from a bank account, by transfer from another KAIKU Card; and is valid wherever Visa is accepted. It also features free apps for iPhone, Android and Blackberry; free card-to-card, bank-to-card and Paypal-to-card transfers; and charges no inactivity fee. KAIKU estimates cardholders will save an average of $65 – $225 annually compared to similar usage with traditional reloadable prepaid debit cards.

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Lemon Launches Wallet on Google Play and Debuts Lemon for Business

The Lemon mobile wallet platform made available the Lemon Wallet on Android and launched its Lemon for Business. The Lemon Wallet customers already scanned over a half million cards to digitize and back-up their wallet data, stored behind Lemon’s proprietary government-caliber security technology. The Lemon Wallet easy-to-use tool for digitizing and backing up all of the items traditionally carried in a physical wallet and is more secure than the physical wallet itself. Android users are now able to download the App from Google Play for any Android 4.0 or higher smartphone to snap a photo of each item in their wallet, including debit, credit, loyalty healthcare and ID cards, as well as receipts, tickets and coupons.

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CSR Makes Available ACH Payment Option

CSR data compliance solutions added the ACH functionality as an alternative billing method, making receivables easier, and creating an opportunity for reseller clients of CSR’s PCI ToolKit™ program for merchant PCI compliance and the CSR Breach Reporting ToolKit™ (BRT) data breach reporting service for all organizations to collect revenues from clients should they leave the reseller for another payments provider. The ACH Network, managed by NACHA, provides a safe, secure, and reliable network for billions in direct payments and is commonly used by consumers for insurance premiums and mortgage payments. ACH transactions for CSR services will mean confidence and convenience for merchants.

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Wincor Nixdorf and ScanSource Europe Partner

Wincor Nixdorf and ScanSource Europe pan-European value-added distributor of automatic data collection, EPOS and mobility solutions, partnered to allow ScanSource resellers to access Wincor Nixdorf’s range of EPOS solutions. These solutions enable resellers to deliver excellent service levels to their customers through fast check out speeds, and cashier efficiency with superfast touchscreens and printers, all at a low cost of ownership. ScanSource provides technology and value-added services to resellers across Europe and will now offer the same Wincor Nixdorf EPOS solutions that are installed in many well-known establishments across Europe. The EPOS solutions are available to ScanSource customers with immediate effect and include leading Wincor Nixdorf products marketed under the Beetle brand name.

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Chase and Marriott Rewards Launch Hotel Rewards Credit Card

Chase Card Services and Marriott Rewards launched the “Marriott Rewards Premier Visa Card from Chase,” charging no foreign currency transaction charges on international purchases. Holders do not pay the 2.5% foreign currency transaction charge, after the exchange rate conversion is applied, on purchases outside of Canada-in person or online. The card also offers cardholders the ability to earn accelerated Marriott Reward® points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status. “Marriott Rewards Premier Visa Card from Chase” cardholders will earn 5 points per $1 spent at over 3,500 Marriott locations; 2 points for every dollar spent on car rentals, dining, and airline tickets purchased directly with an airline; and 1 point per $1 spent on all other purchases.

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MoneyGram Renews Coppel Contract for 976 Stores

MoneyGram global money transfer company has renewed its contract with Coppel department store chain after nearly 10 years of collaboration. With this, customers can access money transfer services across Coppel’s 976 retail locations, maintaining MoneyGram’s presence in the country, which boasts an inflow of approximately $24 billion in cash remittances during 2011-the world’s third largest receiver of money and Moneygram’s largest market for remittances sent from the U.S. MoneyGram will subsequently increase its marketing efforts to promote the availability of its send and receive services at Coppel’s retail stores.

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Western Union Revenue Up 4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 2Q/12 revenue of $1.4 billion, up 4% from the year ago period, and an operating margin of 24.3%, compared to the year ago figure of 25.7%. Consumer-to-Consumer operating margins were consistent with prior year. The decrease in consolidated operating margin compared to prior year was primarily due to…

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Euronet Posts 2Q/12 Revenue Up 8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Euronet Worldwide electronic payments provider posted 2Q/12 results, with total revenues of $302.4 million, up 8% from the year ago figure of $279.8 million. Net income attributable to Euronet was $5.7 million, compared to the year ago figure of $11.9 million while transactions totaled 570 million, a 13% increase from 503…

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MasterCard Priceless Cities Expands to Chicago

A one-stop source to access reservations at top restaurants, first-class shopping experiences and sporting events tickets is now available through MasterCard Priceless Chicago. The Priceless Cities program is designed to bring consumers closer to their passions through exclusive experiences and privileged access throughout the Chicagoland area. The Priceless Cities program has also been extended to London, Toronto and Beijing to give cardholders new ways to discover some of the world’s global destinations. The priceless experiences to MasterCard cardholders include opportunities to have lunch with a current Chicago Cubs player or participate in pre-game batting practice activities; Gilt City offers for coveted Chicago culinary experiences including a prefix vault dinner for two at The Bedford and a special Omakase 10-course chef’s dinner for six with sake and wine pairings at Arami; and unique access to the annual Magnificent Mile Shopping Festival presented by MasterCard.

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Visa Campaign Generates Olympic Support Worldwide

Visa kicked off its social marketing campaign, generating national support from countries far and wide through Facebook, Youku and Sina-Weibo in China, VKontakte in Russia, YouTube and Twitter (US). This will inspire Team Visa athletes at the London 2012 Olympic and Paralympic Games. Since the campaign launched in May, fans have cheered in the form of liking the Visa Facebook page, submitting photos, videos and text cheers and performing one-click cheers through Visa’s Cheer application on Facebook, viewing and sharing video content on YouTube, as well as including the campaign’s hashtag (#VisaGoWorld) on Twitter (@TeamVisa) and cheering through partner websites. The campaign has seen 1.9 million fan “Likes” on Visa’s Facebook page; 400,000 cheers for 69 Team Visa athletes in the form of a one-click cheers and text, photo or video submissions; and 25.7 million views of Visa’s Go World commercials, behind-the-scenes athlete content and consumer-generated cheer videos.

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RushCard and Green Dot Ink Distribution Deal

UniRush and Green Dot low-cost banking and payment solutions forged an exclusive multi-year distribution agreement, under which Green Dot Bank will serve as the exclusive issuer of the retail version of the RushCard, with Green Dot Corporation serving as a co-manager on the portfolio with UniRush. The introduction of RushCard through the retail channel is expected to significantly expand UniRush LLC’s customer base by allowing consumers to purchase RushCard at many of their favorite retailers nationwide, while providing Green Dot with new, incremental sales through its large, nationwide retail distribution channel. Russell Simmons co-founded UniRush, LLC in 2003, and the subsequent launch of the RushCard was one of the first prepaid Visa Debit cards available to the underserved consumer.

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BofA Adds Check Deposit Feature for Apps

Bank of America launched new mobile banking for Mobile Check Deposit, Person-to-Person Email and Mobile Transfers and Mobile App Alerts. This will allow customers to manage their finances through their mobile device – from depositing a check, to paying friends and family, to reviewing balances and much more. Bank of America’s Mobile Check Deposit function allows customers to deposit checks easily and securely without making a trip to the ATM or banking center. Once customers download the updated mobile application onto their tablet or smartphone, they can use the app to snap photos of the check and follow a few simple on-screen instructions to complete the deposit. Mobile Check Deposit is currently available on iPad and will be available in the coming weeks on iPhone, Google Android smartphone or tablet and Windows Phone. Person-to-Person Email and Mobile Transfers allow customers to easily conduct person-to-person transfers via online banking or a smartphone using only an e-mail address or mobile phone number.

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