Consumers Want More Valuable Credit Card Rewards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK consumers are demanding rewards credit cards that offer enhanced benefits or greater value, according to research conducted by the Auriemma Consulting Group (ACG). ACG’s research found that consumers have become apathetic towards their current rewards cards, with 25% of consumers being neither satisfied nor dissatisfied with their rewards card, and…

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Hockey Canada Chooses Optimal Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Optimal Payments is pleased to announce that Hockey Canada has selected the NETBANX service to provide online payment processing for its Hockey Canada online registry system (HCR). The HCR system manages registrations for more than 565,000 players and 180,000 registered participants in thousands of associations governed by its thirteen members branches…

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MGS & maxiPago! Team to Launch Next Generation Payment Gateway

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Maas Global Solutions, a leading provider of global transaction processing technologies and maxiPago! announced a partnership that includes the launch of a new “smart” payments gateway for Latin America. The platform connects to local card acquirers in Brazil like Cielo, Redecard, American Express as well as local payment methods such as…

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Canada to eliminate the penny

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Economic Action Plan 2012, the Government of Canada has announced that it will modernize Canada’s currency set by eliminating the penny from Canada’s coinage system. While the coins will remain legal tender, the Royal Canadian Mint will no longer distribute pennies as of fall 2012. “The Mint will continue to…

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Chase Launches Amazon.ca Rewards Visa Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chase Card Services Canada, a division of JPMorgan Chase & Co. announced the launch of the Amazon.ca Rewards Visa® Card. Cardmembers earn two reward points for every dollar spent on eligible Amazon.ca purchases and one reward point per dollar spent everywhere Visa® credit cards are accepted. There is no limit to…

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American Express Launches New Brand Campaign

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express launched its “The Membership Effect” television and digital brand campaign to chronicle the power of the benefits and innovations available to Cardmembers and merchant partners. The centerpiece of a broader effort that American Express is taking to educate its customers about the potential that American Express offers to connect…

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Visa Appoints Payments Veteran Credit and Debit Head

Visa appointed Kevin Knight Head of Credit and Debit Products, North America to manage development and growth in consumer credit, debit and small business product suite. He joins Visa from Nordstrom as president of the credit division and chairman of Nordstrom FSB, the company’s bank subsidiary. He was responsible for the company’s credit business, payment acceptance and processing for its stores, and built Nordstrom’s retail loyalty program supported by credit and debit payment products. He also spent more than 20 years at GE Capital overseeing credit card and financial services.

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Fiserv Forum 2012 Anticipates Huge Turnout

Fiserv financial services technology announced technology decision-makers from all corners of the financial services industry will meet in Las Vegas April 22-25 for Fiserv Forum 2012. President Bill Clinton will deliver the keynote address at one of the largest events in the financial services industry. Fiserv Forum will give attendees an opportunity to interact, gain market insights and share knowledge with peers and industry experts.

The Fiserv Conference will offer keynote addresses and strategy sessions focused on consumer payments, risk management, small business banking, retirement planning and other industry segments. The conference will also facilitate technology demonstrations by Fiserv experts to stimulate discussion among the thousands of expected attendees, making Fiserv Forum 2012 the largest client event in the company’s history. Participants will choose from more than 135 breakout sessions, including discussions on the growing adoption of the electronic channel, mobile payments, best practices for customer onboarding, winning strategies for card payments, paper-free lending practices and more.

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MasterCard Intros eCommerce Fraud Prevention Tool

MasterCard introduced its “Expert Monitoring Fraud Scoring” for Merchants, offering insight into card behavior beyond a merchant’s website or a cardholder’s shopping cart. The service provides merchants with a predictive fraud score for Card-Not-Present transactions in real time to measure the likelihood that a transaction is fraudulent. This is done using fraud detection models designed specifically for eCommerce merchants, which uniquely enables merchants to evaluate a longer span of transaction history to deliver a fraud score that more accurately describes online cardholder behavior. This helps them avoid heavy losses from fraudulent transactions, which measured more than $102 billion in total losses in 2011.

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Chase, will.i.am Team to Improve Neighborhoods

Chase and will.i.am announced their collaboration to focus on transforming the East Los Angeles neighborhood of Boyle Heights. The partnership will focus on providing multiple social services that address Boyle Heights’ particular needs including education, jobs and job training, health, home ownership and green space. With this, the “TRANS4M” Boyle Heights collaboration is being built upon a $1 million grant from Chase to the i.am angel foundation, a charity established by will.i.am of The Black Eyed Peas. In addition, Chase will commit, directly and through the JPMorgan Chase Foundation, at least $7 million over the next three years to their other non-profit partners to help TRANS4M Boyle Heights. College Track national college access program will open a new center in Boyle Heights beginning to offer under resourced students the tools and opportunities to attend college; The California Endowment will offer affordable, quality health care for underserved individuals and communities; and FIRST will motivate students through after school activities and an international robotics competition to learn about science, technology, engineering and math.

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Obopay Launches New Disbursement Solution

Obopay mobile and instant payment solutions for market-leading brands, announced the availability of Obopay “Disbursements.” The new offering lets subscriber companies disburse funds from their corporate account directly into a payees debit card account at another bank and disbursements as an electronic check through an automated clearinghouse (ACH) transaction, or to a branded prepaid card. The “Disbursements” solution allows companies to realize significant business benefits by converting physical checks and cash into digital payments, which dramatically reduces their costs. Obopay’s offering makes transaction settlement easy for companies by providing them with a single, secure, corporate settlement account that manages all electronic transaction types. Companies can transfer funds from their corporate account directly to a customer’s existing debit card; a bank account via an electronic check; a branded Prepaid Card; or an Email, phone number or mobile wallet.

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