Social Media Slam Dunk Sweepstakes at Liberty Bay CU

Everyone who "likes" Liberty Bay Credit Union on Facebook by 03.31.2012 will be automatically entered in the Social Media Slam Dunk Sweepstakes for a chance to win two tickets to a Boston based professional basketball team home game in 2012. Transportation to and from the game will be provided. Click here for more information. 

NOTE: For more social media strategies, check out our Virtual Banking and Social Networking Report.

Weekly Savings Sweepstakes at Huntington Bank

Huntington Bank customers who have a Huntington savings or money market account can enter the Weekly Savings Sweepstakes. Once customers enroll their eligible account, they will receive one entry for every deposit of at least $25 through 04.27.2012. One grand prize winner will receive $10,000 and 10 weekly winners will receive $1,500. Click here for more information.

Ritz-Carlton Partners with Chase for Ultimate Rewards

Chase Card Services announced the addition of the Ritz-Carlton Hotel Company as its newest Ultimate Rewards point transfer partner. Under the new partnership, Chase Sapphire Preferred, Ink Plus, and Ink Bold cardmembers will be able to instantly transfer Ultimate Rewards points to their Ritz-Carlton Rewards account at full value. There are no restrictions or limits to the number of points cardmembers can transfer. Points can be redeemed for Ritz-Carlton hotel and resort accommodations, as well as at 3,400 partner hotels worldwide. Click here for more information.

Bank of America Pilots Mortgage to Lease Program

Bank of America will offer a limited number of mortgage customers who are facing foreclosure an opportunity to remain in their homes through a pilot program called Mortgage to Lease. Eligible participants will transfer title to their properties to the bank and have their outstanding mortgage debt forgiven. In exchange, they may lease their home for up to three years at or below the current market rental rate. The pilot program will be conducted strictly on a solicitation basis in order to maintain test controls; fewer than 1,000 customers will be invited to participate in the first phase of the pilot. Click here for more information.

PayPal Unveils Mobile Merchant Services

PayPal announced the launch of PayPal Here, a mobile payments solution that allows small businesses to process credit and debit card payments and send invoices. The new service includes a free app and fully encrypted thumb-sized card reader, compatible with any iPhone, and soon Android smartphones. PayPal Here offers a competitive fee structure with no monthly account or set-up fees; merchants pay a simple flat rate of 2.7% for card swipes and PayPal payments. PayPal Here is currently available to select merchants and will be available to the general public next month. Click here for more information.

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