05/07/2012: PayPal, Banco Nacional, FIS, Calhoun County Bank, Charles Schwab

PayPal enters partnership with Banco Nacional

PayPal has inked an agreement with financial services provider Banco Nacional (BN) to enable e-commerce transactions in Cost Rica and allow companies to send and receive payments internationally via PayPal.

As part of the agreement, companies and entrepreneurs from Costa Rica will now be able to sell their products to all PayPal users without opening a US bank account, receive payments from online sales directly into their BN account five days after the transaction has been completed and send payments using their local bank account.

FIS signs contract with Calhoun County Bank, AccessBank

US banking and payments technology company FIS has signed a multi-year contract with US-based financial institutions Calhoun County Bank and AccessBank to integrate FIS’ core banking platforms.

AccessBank Texas was founded in 2007 and has USD 107 million in assets. By deploying FIS’s core account processing platform, the bank will gain access to back-office automation, enabling the automation of numerous manual processes. In addition to the core platform, AccessBank Texas will deploy FIS’ EFT and item processing services, which will integrate with the core platform.

Charles Schwab launches Schwab Bank Bill Pay service

US-based brokerage and banking company Charles Schwab has launched a new bill payment service dubbed Schwab Bank Bill Pay for the iPad, iPhone and for Android-powered mobile devices.

The new Bill Pay service allows Schwab Bank clients to make, edit, monitor and cancel payments from their mobile phones and iPad devices. The remote bill pay service also enables Schwab Bank clients to add and edit new payees and billers through the Schwab mobile apps.

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