Citizens Bank Implements Western Union

Citizens Bank will now offer Western Union global money transfer and expedited bill payment services across all of its 219 branches in Michigan, Ohio and Wisconsin. Western Union’s services will be introduced over the next several months and will allow Citizens Bank’s account holders and walk-in consumers to send and receive domestic or international money transfers and make urgent payments conveniently and quickly to an extensive biller network.

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Paydiant and pcAmerica Intro m-payments

Paydiant mobile payments provider announced “pcAmerica” has integrated the Paydiant mobile payments software into pcAmerica Cash Register Express and Restaurant Pro Express POS solutions. Using the integrated offering, any of pcAmerica’s 50,000 retail and restaurant POS software users can now accept Paydiant-powered mobile payments and offers. pcAmerica customers can also support a number of other compelling mobile wallet capabilities including pay online; offer and coupon creation, selection and redemption in store and online; and digital receipts and refunds by simply updating to the latest version of the pcAmerica software. Paydiant provides a white-label mobile payment and offer platform that allows banks, retailers and restaurants to deploy mobile wallet capabilities into their own iPhone® and Android™ applications.

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Intuit Launches mRewards Program

Intuit Financial Services “Mobile Purchase Rewards” feature for mobile phones now lets customers save with customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. The savings are then automatically deposited back in the customer’s checking account at the end of each month. Users can earn unlimited cash back through “Purchase Rewards” and complete end-to-end security so no personally identifiable information is shared with outside parties. The new Mobile Purchase Rewards capability adds to the robust set of mobile banking tools Intuit offers to banks and credit unions.

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Paychex Demonstrates mApps Are Revolutionizing Small Businesses

Paychex, a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released an infographic on the use of mobile technology by small businesses. The infographic focuses on how this technology helps small business owners by allowing them to save time and boost productivity. “Small business owners and entrepreneurs are…

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GlobalCollect Offers BOKU mPayment Checkout

BOKU and GlobalCollect online payment services in the eCommerce market, announced today GlobalCollect has selected BOKU as its global mobile payments partner. The partnership integrates BOKU’s payments platform into GlobalCollect’s international payment network, allowing online merchants to accept mobile payments at checkout. Using BOKU’s bank-grade mobile payments technology, GlobalCollect merchants can enable their customers to make purchases online via their mobile phone number; charges appear on their operator bill. The partnership with GlobalCollect reinforces mobile payments as a mainstream payment vehicle helping merchants to acquire new customers, and provides consumers with a simple and seamless checkout experience.

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Brightwell Payments Adds EMV Euro Card

Brightwell Payments, Inc., a payments company offering comprehensive prepaid debit card solutions, announces the addition of an EMV Euro card to its maritime payroll program, OceanPay. The new OceanPay Prepaid MasterCard settles in Euros and was implemented onboard Crystal Cruises in April. The OceanPay Prepaid MasterCard compliments the program’s existing USD OceanPay Visa® Prepaid program…

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April Credit Card Direct Mail Volume at 2+ Year Low, Experts Say Temporary

In April 2012, 260 million offers for new credit cards were received by US households, down 33% from the 390 million offers US households received during April 2011 to the lowest volume recorded in over two years and a continued decline from the winter of 2011. Credit card direct mail is cyclical, with volume trends reflecting the peaks and troughs of the Dow as a barometer for the health of the US economy. Considered a ‘pause’ by experts, once the long term outlook for the economy gains more solid footing, confidence will return and direct mail will witness growth in volume.

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CFSI Tool Guide Seeks to Improve Prepaid Card Quality

Center for Financial Services Innovation (CFSI) aims to help financial service providers improve the design and delivery of prepaid cards with the Compass “Guide to Prepaid,” the first of a series of tools and resources CFSI plans to issue on how to apply the Compass Principles- a set of guidelines finalized in a white paper by CFSI in April 2012- across various financial service products. In 2011, prepaid card use increased by 18 percent.[1] By 2013, the amount consumers load onto prepaid cards is expected to jump 44 percent.[2] Prepaid cards account for a large portion of the financial services industry”particularly among the underbanked population. Because of the revenue potential, many larger financial institutions are entering the prepaid market, increasing the need for guidance around developing high-quality products. The practices outlined by the Guide cover all aspects of a prepaid account, including Marketing and Communications, Customer Service and Account Information, Pricing Design and Distribution Channels and Product Acquisition.

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CloudLock Launches PII and PCI Compliance Scan for Google

CloudLock, the cloud data loss prevention (DLP) company, announced its industry-first pattern matching engine that identifies, classifies, and secures sensitive information, including Personally Identifiable Information (PII), Payment Card Industry (PCI) data and custom regular expressions, allowing Google Apps customers to address auditing and compliance requirements in Google Drive (Docs). PII is data that can be used to uniquely identify, contact, or locate a single individual. CloudLock’s PII and PCI Compliance Scan allows customers to identify files containing Social Security Numbers, Credit Card information as well as any custom patterns/regex that they can define such as Product SKUs, postal codes or any other pattern.

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Square Appoints New CFO

Square, the company revolutionizing everyday transactions between buyers and sellers, has hired Sarah Friar to be the company’s Chief Financial Officer. Friar was most recently the Senior Vice President, Finance & Strategy, for enterprise cloud computing leader salesforce.com. Sarah holds a Masters of Engineering from Oxford and a Masters of Business Administration from Stanford. Over 1 million individuals and businesses are able to accept credit cards with Square, which is now processing over $6 billion in payments on an annualized basis.

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