U.S. Bank to Offer Customers Retailers Rewards

U.S. Bank and FreeMonee Network partnered to offer cash incentives from popular national merchants that are generated automatically and relevant to U.S. Bank Check Card customers. U.S. Bank awards “FreeMonee Gifts” several times a month to select check card customers through an email from U.S. Bank that alerts them of their new, customized FreeMonee Gifts, which range from $2 to $50, depending on the merchant. The FreeMonee Gifts are targeted to ensure they are relevant and valuable to customers. Cardholders redeem their gift by simply using their U.S. Bank Check Card when they shop at the specific retail store, website or restaurant named in their gift message, which are rewarded automatically to the cardholder’s account with the specified gift amount.

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Quad/Graphics and WIRED Magazine Launch NFC Mag Ad

Quad/Graphics and WIRED have collaborated to produce America’s first mass-produced Near Field Communication (NFC) magazine ad. WIRED’s April issue features an ad with an NFC tag that launches a mobile site when tapped by an NFC-enabled Android smartphone. NFC chips have been used in smartcard and other applications, but the advertisement appearing in 500,000 subscriber copies of WIRED’s April issue marks the first time the fast-emerging chip technology has been used in an American magazine on a mass scale.

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TransCard Prepaid Inks Record Banks

Offering a new approach to increasing interest-free deposits and adding multiple revenue streams, TransCard announced it has signed a record number of financial institutions throughout March. Among the banks that signed with TransCard include Bank Midwest; Northwest Financial Corp.; Old Line Bank; Iowa State Saving Bank of Creston and West Bank. FOr its clients, TransCard’s mission is to grow deposits and fee income, as well as deepen their treasury relationships by creating or expanding a prepaid program.

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Prepaid Card Have Large Gen-Y Following

Javelin Strategy & Research’s latest report – “Prepaid Cards and Products in 2012” – identifies that prepaid cards are particularly attractive to underserved segments”young consumers (notably Gen Y) and underbanked consumers (those who are not actively engaged in the use of traditional banking products) who want to build financial independence. Prepaid cards are held by…

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SECU Makes Available No-Surcharge CashPoints ATM

With nearly 1,100 no-surcharge ATMs located throughout North Carolina, State Employees’ Credit Union’s CashPoints ATM network is doing more than just providing convenient access for N.C. credit union members. The CashPoints ATM network is also saving North Carolina unemployment and child support beneficiaries over $8.4 million in ATM transaction fees annually. With nearly 3 million…

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MoneyGram Expands eTransfers Globally

MoneyGram is expanding its online money transfer service to the United Kingdom. The new U.K. website was unveiled and is the first step in MoneyGram’s strategy to expand the convenient online service globally. It lets users create and update an online profile with saved information on individuals and businesses they send to regularly; receive notification when funds are collected by their receivers; estimate a transaction fee and locate a MoneyGram agent location in 192 countries and territories.

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HSBC UK Implements Monitise Customer App

HSBC UK has launched its “Fast Balance” app which gives the bank’s retail customers instant access to their account balance and recent transactions direct from their smartphone. Fast Balance is available on iPhone and will soon be launched for Android and Blackberry phones, letting users easily and securely access up to 10 accounts via their smartphone, check their balances and review the six most recent transactions on screen. The “Fast Balance” has been developed by Monitise with HSBC as part of a new three-year deal with the technology and services company to develop and support them.

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Société Générale Deploys Misys Summit FT ASP

Misys, the global application software and services company for financial services, announced that Société Générale has gone live on the ASP version of Summit FT, Misys’ solution for cross-asset front-to-back trading including derivatives and structured products. In today’s new market reality, financial institutions are increasingly looking for ways to reduce operational costs and improve time-to-market…

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Visa, Women’s World Banking, Diamond Bank & EFInA Partner for Women Financial Inclusion

Visa, Women’s World Banking, Diamond Bank and Enhancing Financial Innovation & Access (EFInA) announced that they are partnering to advance financial inclusion in Nigeria for underserved women and provide them an opportunity to become economically and socially empowered through access to a savings account. Today, nearly 77 percent of women in Nigeria are financially underserved.1…

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Cardtronics inks Canadian 7-Eleven deal

Cardtronics, the world’s largest retail ATM owner, announced its Canadian subsidiary, Cardtronics Canada, Ltd., has been named the exclusive provider of ATM services to all 7-Eleven convenience stores in Canada. Expanding on an already extensive relationship, Cardtronics will soon serve the world’s largest convenience store chain in both the United States and Canada. Cardtronics’ new…

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