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September 10, 2012

Payments Views - The Good News on International Remittances is...

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Elizabeth McQuerry has posted her analysis of the recent Atlanta Fed symposium the approaching February 7, 2013 deadline for compliance with the new Section 1073 rules of the Dodd-Frank Act.

While all the industry providers at the conference asserted that they will be “ready” (many noting that any code changes must be completed by the end of October before the year-end freezes), there was much discussion about degrees of compliance. “Degrees of compliance” is an interesting concept in payments, where often, decision engines generally make yes-no decisions.

Fiserv Launches SpotPay Mobile POS Solution

Fiserv logo 60pxhFiserv has announced SpotPay, a mobile card reader solution for financial institution to offer to their small business customers that enables merchants to accept card and check payments anywhere, anytime.

"The ability to pay anyone, anytime, anywhere is revolutionizing commerce as we know it," said David Keenan, general manager, Network Solutions, Fiserv. "Financial institutions are an integral part of this revolution, as they are in a unique and trusted position to ensure the safety and security of these transactions. SpotPay is an innovative tool that helps financial institutions participate in anytime, anywhere commerce while deepening their relationships with businesses of all sizes."

CorFire Delivers Mobile Payment Capabilities to Support Dunkin’ Donuts

CorFire logo 05 13 11CorFire announced that it is providing virtual mobile payment capabilities to support Dunkin’ Donuts’ recently-launched mobile app which eliminates the need for physical cards and enables consumers to gift via SMS, email, and social networks.

The Dunkin’ App is technology agnostic and works without the need to wait on NFC, enhancing the consumers’ shopping experience by providing convenient and easy-to-use mobile payment options. The solution, which works on most smartphones, also delivers Dunkin’ Donuts franchisees with payment and gifting solutions that drive customer loyalty while providing cost savings.

Current Opportunities on PaymentsJobs.com

PaymentsJobs logo 140pxSeveral new positions for payments professionals have recently been posted to Glenbrook's payments industry job board in the last 30 days:

Is your company hiring? Are you in the market for qualified payments professionals? You can reach the best candidates here. Post your job openings for payments professionals on PaymentsJobs.com!

Federal Reserve Reports Consumer Credit for July 2012

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "total consumer credit decreased at a seasonally adjusted annual rate of 1.5%. Revolving credit decreased at an annual rate 6.75%, and nonrevolving credit increased at an annnual rate of 1.0%."

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