FSV Payment Systems Offers PPC Savings Acct

Houston-based FSV Payment Systems has launched a savings account program that makes savings accounts available to all “PaychekPLUS!” and many retail reloadable cardholders. Through partnerships with three of its issuing banks, FSV offers cardholders the opportunity to save for the future and for upcoming expenses while earning interest at competitive rates. Cardholders can open a free savings account online or by phone with as little as $10 and even use an auto-transfer feature to build savings automatically over time. These accounts are FDIC insured, and cardholders pay no monthly fees to maintain their savings accounts.

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VCT Installs a New Silk Screen Press

IL-based Versatile Card Technology has opened a new silk screen press at
the Downer’s Grove facility. This latest addition is capable of
supporting printing of metallic inks in addition to providing
post-lamination custom features. VCT now supports three silk screen
lines in its Downers Grove, IL facility as well as two silk screen lines
in its South Plainfield, NJ facility. Versatile Card Technology is the
largest US manufacturer of plastic cards. With facilities in Turkey,
Mexico, Singapore, South America and India, VCT is also a globally
recognized leader in plastic card manufacturing. VCT produces cards for
every application and offers complete fulfillment services and turnkey
solutions. Versatile Card Technology is also part of the Vmark Network
of Direct Marketing Companies.

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LML & NASDAQ

The NASDAQ Stock Market notified LML Payment Systems on September 15,
2009 the closing bid price on its common stock for the previous 30
consecutive trading days had closed below the minimum $1.00 per share
required for continued listing on the Market. Pursuant to the NASDAQ
Marketplace Rule 5550, the Notice has no effect on the listing at this
time, as LML has been provided an initial period of 180 calendar days to
achieve a price gain. The Company has achieved compliance with the Rule
if at any time before March 15, 2010 the bid price of the Common Stock
closes at $1.00 per share or more for a minimum of 10 consecutive
business days. However, if the Company does not regain compliance with
the Rule by March 15, 2010, NASDAQ will provide notice to the Company
that the Common Stock is subject to delisting from the NASDAQ Capital
Market.

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ISTS Worldwide Expands Microsoft POS

Card processing provider ISTS Worldwide will extend its use of the Microsoft technology stack for payment processing
solutions based on “SQL Server 2008” and “BizTalk Server 2009”. POS ISO Sequoia Retail Systems contracted ISTS to implement a secure, token-based
ecommerce application known as “ePOS”. The completion of this project
means that its customers are assured of the highest level of security
for all transactions on their site. The solution is based on Microsoft
.NET 3.0 infrastructure. The new
solutions will provide ISTS customers with leading applications for
payment switching, authorization, settlement, card-issuing and
reporting. The ISTS solution competency also extends to gift and prepaid
cards, loyalty, mobile payments, enrollment applications, promotions at
POS, ecommerce and the mobile channels.

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SPLASHCASH

Splash Mobile Money mobile payment system provider and MoreMagic mobile
transactions provider have partnered to launch their mobile money
transfer system. Enabled by MoreMagic’s “MWallet” platform, the new
service allows Splash customers in Sierra Leone to send remittance
through their mobile phone quickly, easily, and cheaply without any need
for a bank account. Following free registration and purchasing a
“SplashCash” card, customers can send “SplashCash” to any Zain or
Africell mobile phone. “SplashCash” can then be exchanged for cash at
any agent location, which are on track to open throughout Sierra Leone
before 2010.

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Chamber of Commerce Fights CFPA Proposal

The U.S. Chamber of Commerce has launched its multi-million dollar “Stop
the CFPA” campaign to highlight the dangerous scope and proposed powers
of the Consumer Financial Protection Agency (CFPA) Act (H.R. 3126).
Through print and online advertising and television and radio airwaves
throughout the country, thanks to grassroots mobilization, “Stop the
CFPA” is intent on keeping Americans informed of how the CFPA
legislation would place crippling new regulations, increased credit
costs, and taxes on dozens of industries. the Chamber of Commerce holds
CFPA would create a sweeping, powerful new government agency to regulate
hundreds of thousands of businesses that either directly or indirectly
extend credit to their consumers or allow their customers to pay over
time with layaway plans and gift cards. The proposed regulator would
have the ability to determine what products are sold to whom, how they
are sold, and at what price.

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VIPGift Launches SCORE 2.0

TN-based VIPGift has launched “SCORE 2.0” , the Sales Channel
Optimization Rewards Engine.
SCORE, as with other VIPGift applications, creates a self-sustaining ROI
cycle by providing an efficient rewards system that encourages each
sales professional to keep an “eye on the ball.” This encouragement also
enables senior management to cost-effectively focus team attention and
engage the sales channel in new and productive behavior, particularly
during new product releases or product promotions. SCORE also fosters
constructive competition within sales teams through use of the
Leaderboard function, which publicly ties rewards to the sales
individuals who have met or exceeded the business goals designated by
management. VIPGift is a provider of corporate and consumer incentive
programs and prepaid card solutions to the Fortune 500.

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Interchange Dickering Will Hurt U.S. Consumers

The Australia experience in regulating interchange fees is being cited
as an example of the potential U.S. impact if retailers are successful
in getting the government to cut payment card fees. The Electronic
Payments Coalition says consumers would be hurt by interchange
regulation in the form of higher fees, fewer benefits, and zero savings
at the cash register. The EPA says there is no evidence that losses to
consumers have been offset by reductions in retail prices in Australia.
Neither merchants nor the Reserve Bank of Australia has
presented any empirical evidence showing the extent to which the
benefits of interchange fee reductions were passed onto consumers.
Rather, one of the main effects of the RBA’s interventions has been a
redistribution of wealth in favor of merchants. Since 2003,
when that regulation was implemented, cardholder fees have risen by 22%
for standard cards, between 47% to 77% for rewards cards, and
cardholders now pay A$480 more in credit card fees each year. The value
of rewards also fell 23% during that period. The EPA notes that since
Australia’s regulators acted in 2003, total merchant discount fees paid
by merchants have declined, but no conclusive evidence exists that lower
interchange fees led merchants to reduce retail prices for goods;
further, some costs for card users, such as annual and other fees, have
increased.

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OnPoint Community CU Opts for Tyfone

With over $587 billion in financial transactions handled by mobile
financial services around the world by 2011, OnPoint Community Credit
Union has decided to deploy the Tyfone “u4ia” mobile financial services.
Additionally, with over 60% of phones in the US have memory card slots
(close to one billion phones worldwide) as of 2009, the “u4ia” platform
will allow OnPoint to offer its mobile banking strategy with
fully-integrated mobile payments capabilities. The m-baning solution is
looking to leverage Tyfone’s professional services and deploy robust
services and NFC contactless mobile payments. Tyfone’s unique technology
integrates the Secure Element (SE), an NFC contactless chip and antenna
on standard Secure Digital (SD) memory cards, to foster a better
operator. OnPoint Community Credit Union serves over 199,000 members and
has assets of $2.8 billion.

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SECURESMS

CellTrust Corporation secure mobile messaging and applications is
expanding into Australia, New Zealand and establishing operations in
Africa from its headquarters in Nigeria. Offering its “SecureSMS
Gateway” enabling businesses to exchange critical information with
customers using mobile devices, CellTrust is able to provide end-to-end
mobile privacy through a highly encrypted, tamper-proof process.
Messages are managed and exchanged using the CellTrust’ highly Secure
Mobile Information Management platform to meet security, privacy and
compliance requirements; set aside concern of text message privacy
concern; confirm text message recipients have received and opened SMS
messages; use the same set of APIs to send both secure and standard SMS
or text messages; and remotely “wipe” the handset if ever lost or stolen.

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