Bill.com Awarded Barlow Research Innovation Showcase

Bill.com bill payment, online invoicing and cash flow management solutions for businesses announced its receipt of the “Best in Show” award at the ninth annual Barlow Research Client Conference. Representatives from more than 40 financial institutions were present to vote Bill.com as the award winner. Bill.com brought home top honors by delivering an entertaining and informative demonstration of its new cash flow management platform, which for the first time enables banks to deliver powerful AP, AR and cash flow management capabilities to their business customers all in one easy-to-use solution. The Bill.com platform takes all the off-line activities of managing cash flow and moves it to the bank, allowing banks to monetize the full cash management process while solving a significant pain point for their business customers.

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HALOCK and CDGI Launch New Model for Hosting Facilities and Data Centers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] HALOCK Security Labs and Cyber Development Group International (CDGI), have launched a new joint venture that addresses the biggest costs of PCI compliance and represents an entirely new model for hosting and data facilities: “Security Integrated.” “Security Integrated,” the service moniker, is a best-in-class hosting data center with an integrated security…

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Discover Announces Results of Exchange Offers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services announced the final results of its private offers to exchange certain of its outstanding notes for new Senior Notes due 2022 (the “New Notes”) and cash (the “Exchange Offers”). The Exchange Offers expired at 11:59 p.m., New York City time, on May 4, 2012 (the “Expiration Date”). Based…

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Heartland Launches Restaurant mPayment Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With an increasing number of restaurateurs seeking to accept/process card payments anywhere inside and outside a restaurant, Heartland Payment Systems unveiled its Mobuyle Restaurant solution, which enables restaurateurs to accept credit, debit and gift card payments through Android smartphones and mobile devices. As one of the first secure, mobile payment applications…

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Barclays Launches Online Savings Account/CD

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] To help Americans achieve their savings goals, Barclays Bank introduced a new, online, high-yield savings account and certificate of deposit (CD). U.S. consumers can now earn one of the highest interest rates in the nation by opening a new FDIC-insured online savings account or CD with Barclays at www.barclaysus.com/deposits. The high-yield…

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Cybercrime Expert Delivers Address at MasterCard Americas Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As part of MasterCard’s ongoing commitment to protecting consumers by making the global payments network more secure, the company is hosting its 10th annual Americas Global Risk Management Conference in Boca Raton, Florida from May 7-11, 2012. The symposium brings together hundreds of professionals in the financial services and fraud security…

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VoiceTrust and Speed Remit Partner

VoiceTrust digital payments and voice biometric solutions partnered Speed Remit Money Transfer. VoiceTrust is launching its remittance service in partnership with Speed Remit Money Transfer, allowing cardholders to remit money through 197 Speed Remit agent branches. Cardholders will receive discounted transfer fees by presenting their VoiceTrust/Speed Remit loyalty cards. VoiceTrust will simultaneously launch Cash Back for its payroll corporate customers. Cash Back will be earned on every remittance transaction completed by their employees, therefore helping the companies to reduce their monthly costs on the payroll card.

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Debit Card Dominate Norway Payment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Debit cards remained the most widely used payment card type in Norway in 2011. In 2011, eight out of ten card payments were made with cards branded BankAxept, which is a national system for card transactions run by Finance Norway. According to the Norwegian central bank, the majority of these payments…

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Baby Steps on the Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Unemployment rate changes remained uneventful in April, dropping only marginally from the March figure of 8.2% to 8.1%. This continues the slow and steady improvement seen in March when unemployment fell from 8.3% in February. With this, the number of unemployed persons fell from 12.7 million to 12.5 million. Among them,…

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MasterCard Advisors Shows Contactless Payments Up 30% in Total Spend in Year 1

MasterCardAdvisors released the results of their first PayPass Adoption Study, a quantitative analysis of the changes in U.S. account transaction behavior after adopting a contactless payments solution. The research showed that within the first 12 months of their first contactless transaction, PayPass-enabled accounts spent almost 30% more on average, using their PayPass-enabled card. The research also found a clear correlation between contactless adoption and preference for a particular card, illustrating that a contactless payments solution may help drive top-of-wallet behavior. The study divided accounts into low, medium and high spend segments based on their monthly spend prior to adoption, and the 30% lift was consistent across the three segments, regardless of their spend levels prior to adoption.

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NCR and CSI Leasing Offer Strategic Finance Packages to Drive Channel Growth in the Retail and Banking Sectors

NCR POS and payment software has signed a global agreement with CSI Leasing, the equipment finance provider, to provide NCR Interact Solution Providers with a range of strategic customer financing options and comprehensive support to grow and develop new business in the retail and banking sectors. CSI Leasing will offer a broad range of customer financing options through NCR’s Interact Global Partner Program, including supporting channel partners to insert financing early in the sales cycle to help build a customer value proposition and business case. A comprehensive support program includes training, online tools and global contacts with the infrastructure, expertise and resources to engage with NCR partners on a global basis.

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Merchants Welcome DOJ Visa Investigation

The U.S. Department of Justice is investigating Visa for violating antitrust law by continuing to stifle competition in the nations credit- and debit-card markets. This after Congress passed legislation to improve the competitiveness among debit networks through the Durbin Amendment to the Dodd-Frank financial reform law. This is welcome news to the Merchants Payments Coalition, as the DOJ antitrust investigators are looking at how Visa runs the part of its debit-card business that routes transactions to banks and a new fee the giant card company is charging. Under Durbin, banks now have to allow more than one company to carry debit card transactions and merchants are supposed to be able to make that choice so that there is competition to keep network fees down.

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