RADIANT

Radiant Systems announced a new agreement with Kwik Trip petroleum and convenience store retailer. With this, they will equip its sites with the company’s Radiant POS “RPOS” software. Radiant POS increases the speed of transactions, both inside the store and outside at the pump, to deliver a faster and more enjoyable customer experience. In addition, Radiant’s open, proven platform provides Kwik Trip with a solution that can support future growth initiatives, including more advanced marketing capabilities, food service and car wash. The power of Radiant’s software will allow Kwik Trip to incorporate each of these functions without sacrificing security or transaction speed.

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MasterCard & Telefónica Offer mPayment

MasterCard and Telefónica have forged a JV to lead the development of mobile financial solutions in 12 countries in Latin America where Telefónica is present under the Movistar brand. The partnership will have a 50/50 ownership participation; will leverage banking relationships through Telefónica’s telecommunications assets and MasterCard’s payments expertise; and will utilize an open model to ensure interoperability among the banked and unbanked segments. The joint venture ultimately targets the 87 million current and potential Movistar customers using mobile payment with its mobile wallet or prepaid account, offering money transfers, mobile airtime reload, bill payment and retail purchases, among others.

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The ProCard Group Transitions to CheckPoint Cards

The ProCard Group printed, blank plastic cards and card information service has changed its name to Checkpoint Card Technology. This will also include A new logo, website address and other branding initiatives as of February 2011. Checkpoint Card Technology is to still focus on identification, gift and blank card markets. Continuing ProCard’s working closely with customers, Checkpoint will help strengthen products to let businesses grow successfully in markets around the world.

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CouponCodes4U.com Intros Valentine’s Discounts

Valentine’s Day gifts through Couponcodes4u coupon website has launched its Valentine’s Day coupon category and complemented it with Cupid and love dedicated weekly newsletters and blog posts. Participating stores include Macys, Sears, Kmart, Bloomingdales, Walmart and Target. Couponcodes4u have over 500 stores that provide sweet treats and flower bouquets. The Couponcodes4u initiative is to help lower the price paid on Valentine’s Day shopping through coupons and deals.

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Apple’s App Store Downloads Top 10 Billion

Apple announced over 10 billion apps have been downloaded from its App Store by the more than 160 million iPhone, iPod touch and iPad users worldwide. The 10 billionth app downloaded, Paper Glider, was purchased by Gail Davis of Orpington, Kent, UK. As the winner of the App Store Countdown to 10 Billion Apps, Gail Davis will receive a $10,000 iTunes Gift Card. The App Store offers more than 350,000 apps to iPhone, iPod touch and iPad users in 90 countries around the world, with more than 60,000 native iPad apps available.

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MCA Converts Caesar ATM, POS, Debit & Credit

MCA Processing cash access products and services for the gaming industry has completed a large scale project to convert 19 Caesars Entertainment properties to MCA Processing Cash Access Services. These services include ATM, POS Debit, Credit Card Advance, Ticket Redemption and Bill Break. Among the properties converted were 9 major Las Vegas strip properties and all 4 Atlantic City properties. The conversion from Global Cash Access Holdings (GCA) to MCA Processing (MCA) began in December 2010 and was just completed.

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Hotel Sends Guests AmEx Gift Card

Woodbridge, VA hotel specials now include a complimentary American Express gift card to spend as you please with the “Shop and Stay $50 American Express Gift Card” special rate. Guests who stay two weekend nights at the SpringHill Suites Potomac Mills Woodbridge hotel will, in addition to deluxe suite accommodations, receive a complimentary $50 American Express gift card upon check-out.

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BofA Posts $529mm Quarterly Card Income

Bank of America reported second-quarter 2010 net income of $3.1 billion, compared to net income of $3.2 billion a year ago, driven by lower credit costs. Bank of America agreed to sell its equity position in MasterCard, resulting in a pretax gain of approximately $440 million to focus on its core businesses and strengthen capital ratios. Its Global Card Services net income increased $2.4 billion compared to a year ago due to declining credit costs reflecting continued improvement in the U.S. economy; Revenue decreased $401 million from a year ago, driven by lower average loans and reduced interest and fee income primarily resulting from the implementation of the CARD Act, partially offset by the $440 million pretax gain on the sale of the MasterCard position. The division also reported a net loss of $9.9 billion due to the $10.4 billion goodwill impairment charge and would have otherwise reported net income of $529 million, compared to a net loss of $955 million a year ago.

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Secondary Gift Card Economy Up to $90B

Merchant-issued — or closed loop — gift cards now represent $90 billion of the U.S. economy, of which an estimated $30 billion go unredeemed. Gift card value sold on the website exceeded $10 million, an increase of 5 times over 2009 and during the 2010 holiday season, there were 6 times the gift card sales volume over the same period in 2009. These findings, according to Plastic Jungle- which served double the registered users in 4Q/10 than in the prior year- also show consumers are now using secondary gift card marketplaces more than ever to extend their purchasing power and receive extra value at merchants. Plastic Jungle ultimately helps consumers get the most value out of gift cards by allowing them to sell unredeemed gift cards for up to 92% of the gift card value, buy gift cards at their favorite stores for savings up to 30%, or donate the value of their unused cards to their favorite cause. Plastic Jungle’s innovations have also sparked an increased interest in alternative payouts, and especially in electronic payouts, with users Amazon.com Gift Card payout transactions having jumped by nearly 30% in the days before Christmas.

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Card Sales Down for 13th Consecutive Quarter

The SBCS Report shows that “Main Street” retailers, service providers and restaurants recorded their 13th consecutive quarter of Year-over-Year credit and signature debit card sales decline in 4Q/10 of 2.56% from the previous year. This, however, was the smallest YoY decline since the 3Q/08 figure and is the fifth consecutive quarter of slowing card sales declines. This findings, according to Capital Access Network Data Services, show Main Street seems to be capturing a larger proportion of the revolving credit spend, as the decline rate of Main Street card sales is lower than the decline rate of overall revolving credit outstanding, especially in the New England and Great Lakes regions where Year-over-year card sales are actualy increasing by 3.15% and 0.89%, respectively. Additional findings show restaurants increased card sales 1.80% in 4Q/10; smaller MSAs continue to show stronger YoY card sales trends than both rural and larger urban MSA; and ‘Main Street’ businesses that have been in operation 10 to 15 years reported card sales declines of only 1.01% for 4Q/10 since the prior year, compared to overall declines ranging from 2.41% and 3.14%.

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RDM Integrates Mobile RDC Solution

RDM Corporation software and hardware products for electronic payment processing has expanded its “Simply Deposit Mobile” product and integrated it with its RDC platform. Currently available for the iPhone, and shortly be available on BlackBerry, the “Simply Deposit Mobile” is the RDC solution for businesses with a mobile workforce collecting payments in the field and extends RDC to the actual point of initial check receipt. It combines RDM’s patent-pending mobile image processing technology with RDM’s patented remote deposit products to provide a complete RDC solution for both small and large corporate users.

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OPEN SCAN Processes 1 Millionth CPS Check

Crop Production Services (CPS) processed its 1 millionth check through OPEN SCAN’s Receivables Process Management Solution. The solution is fully integrated with an existing POS application and provides each branch with a wide range of customer service capabilities. it provides electronic deposit and POS services; cuts-out lockboxes & over-night couriers; and make available faster credit availability to customers. OPEN SCAN’s RDC has saved CPS more than $3.5 million a year in DSO costs alone, along with lockbox and courier fees. Open Scan Technologies develops enterprise receivables process and automation management software for corporations which receive electronic or paper payment and remittance documents.

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