Payment News

Fiserv Announced KeyBank to use Mobile Banking Services via Mobile Money for their Customers

08.11.2010 · Posted in Banking News

Fiserv, Inc., a worldwide leader of financial services technology products to banks and financial institutions announced that KeyBank, a bank based out of Cleveland, Ohio with more than 95 billion in assets that they manage, will offer all of their customers the opportunity to utilize Fiserv’s mobile banking solution via Mobile Money. It is said ...

Discover Financial Services and Firethorn Holdings Partner to Offer SWAGG Mobile Gift Card Application

08.11.2010 · Posted in Discover, Gift and Loyalty Card Programs

Firethorn Holdings, LLC, one of the leaders when it comes to the mobile commerce space and owned by Qualcomm Incorporated, just announced today that they have partnered with Discover Financial Services for a mobile gift card application called SWAGG that will be released in a few months (before the 2010 holiday shopping season is upon ...

First Data Second Quarter Report Ended June 30, 2010 Financial Results: Up 4 Percent

08.10.2010 · Posted in Payment Processing

First Data Corporation, based in Atlanta Georgia, today released its second quarter financial results ended June 30, 2010. First Data’s combined revenue was up 18 percent at $2.6 billion compared to the same time period from 2009. Looking at the results, the increase in revenue was primarily attributed to the strategic relationship the company established ...

U.S. Bank to Offer Remote Deposit Capture Check Scanners to Small Businesses from Panini I:Deal

08.10.2010 · Posted in Check Processing - Check 21 (RDC)

Panini, a company based out of Dayton, Ohio but started in Turin, Italy, today announced that U.S. Bank, the fifth largest bank in the United States, will offer Panini’s I:Deal® check scanner to all of their business merchants, more specifically small business merchants, to utilize Remote Deposit Capture (RDC) using the Deposit Express service from ...

Survey by eGistics Inc shows Two-Thirds of ACH Processors Report Transaction Dispute Volumes Higher

08.10.2010 · Posted in ACH Processing

According to a recent survey put out today by eGistics Inc., almost 2/3 (63.5%) of Automated Clearing House (ACH) merchants say they have experience an increase in the amount of disputes related in ACH transactions in 2009 and they had to pay a higher cost to operate their business due to write-offs and other losses. ...

NACHA Thinking about Making Changing to TEL Debits to enable Recurring TEL Payments and other E-Check Changes

08.10.2010 · Posted in ACH Processing

According to news reported by Digital Transaction yesterday, NACHA, the organization that regulates and governs the Automated Clearing House network, is seriously thinking about making changes for ACH transaction such as changing the TEL code to allow for recurring payments using telephone authorized electronic check conversions, they are considering getting rid of the opt-out notification ...

CRE Secure Get $3.18 Million in Q1 Funding From Total Technology Ventures, Miller Capital Partners I

08.09.2010 · Posted in Payment Processing

CRE Secure Payments, a cloud-based payment platform for e-commerce businesses today announced that it has received a little over $3.18 million in Q1 venture capital funding from Miller Capital Partners I, Total Technology Ventures other smaller investors. This particular round of funding will help CRE secure the resources needed to make sure the demand for ...

U.S. Bank Launches Electronic Expense Management Tool for Mid-Sized Businesses

08.09.2010 · Posted in Banking News

U.S. Bank, a unit of U.S. Bancorp, the 5th largest bank in America with more than 280 billion in assets, today launched an electronic expense management reporting tool for medium-sized businesses that enables them to manage their travel expenses online by equipping them with the tools needed to better manage and track their spending patterns ...

Document Capture Technologies Gets $4 Million Investment from NCR Corporation

08.09.2010 · Posted in Check Processing - Check 21 (RDC)

Document Capture Technologies, Inc., a company based out of San Jose, California and one of the leaders when it comes to sales and development of USB-based scanning technology (for remote deposit capture) and design solution, announced today that NCR Corporation has invested $4 million in the company via private capital from common stocks valued at ...

Wright Express Signs Fuel Card Processing Agreement with BP International in New Zealand and Australia

08.09.2010 · Posted in Gift and Loyalty Card Programs

Wright Express and BP International today announced that the two companies have signed a fuel card processing agreement for Wright Express to processing all of the transactions for BP’s commercial fuel cards in New Zealand and Australia. Currently we don’t know more details about the agreement as the story was first released by Wright Express ...