American Sustainable Council Urges End to Bad Lending

The American Sustainable Business Council unites small business leaders
to urge Congress to end harmful lending practices. Small and mid-sized
businesses ranging from real estate, to financial investment,
architecture, communications, and manufacturing are calling on Congress
to put their business interests before the big banks and create a
strong, independent Consumer Financial Protection Agency that would
provide effective government oversight of lending policies and
protections against deceptive practices.

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Mocapay & Micros Team to Offer Loyalty Programs

Mobile loyalty provider Mocapay has teamed with Micros Retail Systems to offer loyalty programs in the New York metro area.
Mocapay has fully integrated its mobile SaaS platform with the Micros iCare Solution
as well as a number of point-of-sales systems Micros Retail Systems customers’ use, including Micros Series POS E7,
3700 and 9700. Using Mocapay’s mobile SaaS technology, Micros Retail Systems’ customers
will have a secure mobile solution that can distribute customized
promotional text messages and mobile offers to targeted customers in a
certain geography or store location. Consumers who create mobile
accounts will be able to conduct mobile transactions at the
point-of-sale, access their account balance and transaction history,
find the nearest merchant location accepting the mobile loyalty and gift
programs as well as reload their account, all from their mobile phone.
Mobile account holders will also be able to conduct mobile gifting,
which allows real-time gift giving directly to another mobile phone. The
mobile gifting feature also helps merchants to increase their revenue
and customer base.

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Average Credit Card Debt Drops to $3,752 Per Adult

The average American adult is carrying $3,752 in revolving debt, and the average American household is carrying $7,394 in revolving debt. This is a significant drop since July 2009 when average revolving debt per adult was estimated at $4,013 and the average household revolving debt was $7,861. This is also the fourth consecutive drop in credit card debt over the past year, according IndexCreditCards.com credit card comparison Web site. Revolving debt per household fell to $7,900 in April 2009 from $8,188 in October 2008 and revolving debt per adult fell to $4,150 from $4,208 during the same period. Aside from credit cards, revolving debt is accrued from equity lines of credit while some is paid off each month.

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Fifth Third Bank & MasterCard to Provide Corporate Purchasing

Fifth Third Bank will utilize MasterCard’s “inControl” service to offer Purchase Control from MasterCard, allowing the bank to offer corporate clients global controls and increased transaction security through the seamless integration of the Purchase Control application. This is designed to increase transparency through spend controls, comprehensive administrative tools, enhanced transaction reporting and reconciliation capabilities to reduce supplier misuse and the risk of card fraud. The MasterCard Purchase Control provides a flexible solution allowing organizations to face competing strategic goals by allowing them to optimize commercial payments programs with efficient tools. MasterCard “inControl” ultimately allows issuers to introduce payment products with controls and real-time alerts to both consumer and commercial cardholders while MasterCard Purchase Control allows corporations to gain transaction security, increased operational efficiency, reduced fraud exposure and expert tools for budget control.

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comScore Releases E-commerce Trends Report

Digital analyst
comScore has released the “The comScore 2009 U.S. Digital Year in Review” which features results and trends in e-commerce.
Total (retail and travel) U.S. e-commerce spending reached $209.6 billion in 2009, down 2 percent versus the previous year and the
first year on record with negative growth rates. Nonetheless,e-commerce retail spending continued to increase its share of
consumer spending in a challenging economic environment. comScore is a global leader in measuring the
digital world and preferred source of digital marketing intelligence.

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Cardtronics Names New Independent Director

Cardtronics has appointed Mr. G. Patrick Phillips as an independent director to its Board of Directors, as a member of Cardtronics’ Audit Committee and to its Nominating& Governance Committee, effective February 5, 2010. A 35-year veteran of Bank of America, most recently as President of its Premier Banking and
Investments group from August 2005 to March 2008, Phillips led a variety of consumer, commercial, wealth management and technology businesses. He also currently
serves on the board of directors of USAA Federal Savings Bank and is the Chairman of that board’s Finance and Audit Committee. Additional roles Phillips held prior include his role as a Director of Visa USA and Visa International from 1990 to 2005 and 1995 to 2005, respectively. Cardtronics non-bank operator of ATMs operates approximately 33,400 ATMs across its portfolio.

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President Collect Service to Implement Portable VeriFone Terminal

VeriFone Holdings’ “Vx 670” wireless payment solution has been
deployed by Taiwan-based President Collect Service Corporation to process home delivery purchases for merchants.
In December, President Collect Service Corporation deployed the VeriFone
handheld “Vx 670 GPRS” wireless payment systems for their delivery
services in Taiwan. Launched in 2009, President Collect Service
Corporation has enrolled hundreds of merchants for home delivery
services. Service is available in Taipei and Keelung, as well as remote
areas such as Kinmen and Penghu.

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TxVia Introduces Payment Processing Developer Network

TxVia processing technology for network-based payment systems has introduced its “Payment Processing Developer Network” service for authorized developers to create innovative applications for the entire lifecycle of network-based payments. This cycle includes from mobile device-based applications to third-party services. The “Payment Processing Developer Network” supports application development by TxVia clients, providers of products and services seeking network-based payments integration, and professional development organizations. The IDE is based on a model-driven architecture that separates requirements from technical implementation by encapsulating business logic in highly transparent processing models, substantially simplifying programming. Applications can be deployed in a cloud-based run-time environment, for a ten-fold improvement in development efficiency and substantially reduced costs. Field testing for the new TxDev network was concluded by the Blackhawk Network prepaid card program manager.

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Visa & APA Partner to Educate Businesses on Payroll Cards

The American Payroll Association and Visa have launched the “APA Visa Paycard Portal.” The collaboration will offer an online portal to educate businesses about payroll cards and enable electronic wage payment to employees, without need for a checking account. In doing so, the “APA Visa Paycard Portal” offers an overview of the benefits of payroll cards for employers and employees; best practices for implementing a payroll program; ‘Points from the pros’ allowing employers to ask questions about payroll cards programs; the latest industry news and webinars on key topics; research on state laws that allow 100% electronic pay; and updates on legislative activity. The American Payroll Association provides payroll education, publications, and training.

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IRIDIUM MASTERCARD

Prepaid product provider SelectCore has launched the prepaid reloadable”Iridium MasterCard”.
The “Iridium Card” is sold for only $3.99 and can be used instantly. There
is no credit check or bank account required and the card can be reloaded
over and over again up to a $5,000 balance. The Iridium MasterCard is
accepted at over 28.5 million locations worldwide and online.
Cardholders have complete control of their funds with online account
access, text message alerts, bill pay, money transfers, ATM access and
more. Customers can even have their paycheck deposited directly to their
card on payday. The program will be rolled out to over 4,000 retail partner locations
across Canada this year, creating the nation’s largest reload network
for prepaid cards. SelectCore’s proprietary processing platform and POS
terminals deployed at these locations allow the cards to be activated
and reloaded in real-time.

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BANCTEC & CIPHERLAB

Department store Bentalls has gone live with a new stocktake solution implemented by BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services. The solution, built around CipherLab handheld units and a customized inventory program developed by BancTec, has enabled Bentalls to decrease by five days the duration of its biannual stocktake.
Bentalls’ previous stocktaking units had become unreliable, suffered from poor battery life and were cumbersome in the way they transmitted data into the store accounting system. BancTec, which distributes CipherLab handheld units in the UK, suggested that the CipherLab 8300 device would best fit Bentalls’ stocktake requirements and could also handle other tasks, such as recording receipt of merchandise in the distribution center. The long charge held by the new units, which minimizes interruptions and eliminates the need for multiple data downloads, enables employees to scan thousands of items at a time versus hundreds, and has shortened stocktaking by five nights. The shorter inventory period saves Bentalls a tremendous number of man-hours and overtime pay. BancTec also developed a new inventory program that resides on the units. This customized program adds new functionality to Bentalls’ stocktake process, and is also easily supported in-house by Bentalls’ IT department. BancTec has implemented a direct Ethernet connection that enables the handheld units to be placed in their charging cradles to transfer data back to the head office without first needing to connect them and download the information to a PC.

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Visa Launches Quick-Pay Solution in 98% of Retail Categories

With 69% of consumers using their payment card for quick convenience, Visa will be introducing its “No Signature Required” program for transactions under $25 to U.S. merchants come July 2010. With this, 98% of retailer categories can accept U.S.-issued Visa cards for purchases without requiring a cardholder signature for increased POS transaction time. The “No Signature Required” program will allow hundreds of thousands more U.S. retailers, including traditionally cash-heavy merchants such as discount stores, to enjoy greater benefit from card acceptance on low dollar transactions. These benefits include the potential for faster payment, increased sales and operating efficiencies they don’t get from cash and checks.

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