Tags » Commercial Cards, Commercial Payments, US Bank
US Bank has announced that it has begun offering a tool, U.S. Bank Access Purchase, that extends the power of its commercial card beyond payment processing and automates its entire purchase-to-pay (P2P) process. The tool connects buyers and suppliers over the Internet, allowing commercial customers to purchase and pay for goods and services from existing suppliers online, and still receive the detailed tracking information required to manage the procurement process.
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Tags » Card Reward Programs, Checking Accounts, Debit Cards, US Bank
US Bank has announced that its customers who are enrolled in the Checking That Pays Cash Bonus Check Card reward program will now earn an even bigger cash reward automatically at select retailers through the new US Bank Premium Rewards program.
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Tags » Contactless Payments
According to new research produced independently by Javelin Strategy & Research for the Smart Card Alliance, contactless payment is a big hit with consumers who have tried it but still not well known. Of the consumers surveyed, 13 percent have already used contactless payment, and 95 percent of that group said it was both easy and fast. Those consumers who have tried it were confident in the new payment technology as well -- 84 percent said it was as safe or safer than credit cards, and that they would use it for large purchases too.
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Tags » Mobile Payments, Remittances
Mary Jordan writes for the Washington Post Foreign Service about the Philippines and Globe Telecom's G-Cash mobile payments service in her article titled "New Conductors Speed Global Flows of Money". According to Jordan, "Globe Telecom officials said Filipino workers in 17 countries, including the United States, can now use their phones to send money home. In the United States, they said, the service recently linked up with remittance centers in California, Nevada and Texas."
Tags » Checking Accounts, Echeck, Financial Regulators
The Federal Trade Commission has announced that San Diego-based Qchex, an Internet-based check creation and delivery service, has agreed to a temporary restraining order to halt what the FTC describes as its unfair business practices. According to the FTC, "Qchex creates and sends checks drawn on any bank account identified by a Qchex customer without verifying that the customer has authority to write checks drawn on that account. As a result, con artists have used the Qchex service to draw checks on bank accounts that belong to others."
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Tags » Announce Yourself!
We have received news of the following recent management changes:
- Lee Adrean has been named Chief Financial Officer of Equifax.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues,
be sure to tell us about it.
