Fiserv Card Collection Expands to 78

WI-based financial technology solution provider Fiserv has introduced a
new Card Collection featuring 78 card designs.
As part of its processing core competency, Fiserv offers the industry’s
most complete and secure card-production services, including design,
production, embossing, personalization and encoding capabilities.
Financial institutions can offer the full Card Collection to their
customers, allowing each customer to select their own card, or select
a single distinctive design for each of its card programs. With no
minimum order volume, no creative costs, and pay-as-you-go ordering,
Card Collection designs are ideal for new prepaid card programs.
Customers can choose the design that best reflects their gift-giving
occasion. The designs can also be used for, debit, credit, ATM, health
savings (HSA), flexible spending (FSA), payroll, general purpose, and
other prepaid card programs. Identity photos can be added to 12 of the
designs. All designs are Visa and MasterCard approved.

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Vanguard Contests Mini Visa Card Patents

RFID and coded product manafacture Vanguard ID Systems has announced that the United States Patent and Trademark
Office Board of Patent Appeals and Interferences has invalidated 51
claims of a 57-claim patent initially granted by the Office in 2002 to
Bank of America for its “Mini Visa Card”, a small credit card that
attaches to consumers’ key rings. Bank of America introduced the “Bank of America Mini Visa Card” in October
2002, distributing the Mini Card to millions of customers. The company
inked a deal with Visa, the largest payment card platform in the world,
giving it exclusive rights to issue the branded mini card for a one-year
period. That agreement expired October 1, 2003, giving other banks the
right to capitalize on this latest consumer craze and to develop and
issue mini cards of their own. To date, an estimated 50 million Mini
Cards have been issued. Vanguard ID
had requested reexamination of the patent based on Vanguard ID’s patents
and other prior transaction card technology. Vanguard ID Systems, founded in 1987 by inventor Rick Warther,
challenged patents related to mag-striping technology behind the
non-standard transaction cards. The Company holds a portfolio of patents
used in development of a variety of products in the data and credit card
industry, and created Mag Tag, the first-ever key tag to incorporate
magnetic strip and bar code technology.

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APAX EXPANSION

Electronic payment and risk management solutions APAX has opened an office in Panama City to expand into the Latin American and Caribbean Market, primarily focused in Panama and Costa Rica. The Company supports
processing for more than 100,000 cardholders and their merchants. The Panama office is specialized in offering card processing and electronic payment solutions to merchants selling mostly digital goods online in that region of the world. APAX says it is a worldwide credit card
processing network that operates through its processing banks to provide
merchants with reliable credit card processing services.

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Gaia Cash to Use Zong’s M-Payment Platform

Frictionless payment service Zong has teamed with social media and
entertainment site
Gaia Online to offer customers the option to purchase Gaia Cash, Gaia’s
virtual currency, with a mobile phone number.
Zong has high-scale
connectivity with more than 100 mobile carriers worldwide. The Zong
mobile payments platform features the most extensive network of direct
carrier connections across the globe. Given the financial, operational
and security risks inherent with aggregated carrier relationships,
direct relationships with carriers are a central consideration for
virtual goods, social networking and gaming companies evaluating
revenue-enhancing transaction platforms. Gaia Online is on online
community that provides a fun,
social environment for its members to make friends, play games, and even
watch movies in Gaia’s virtual theaters.

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France Certifies Hypercom’s Optimum Terminals

Hypercom has been awarded two certifications for its 32-bit multi-application Optimum T4200 and
M4200 countertop and mobile payment terminal family with French payment authority GIE Cartes
Bancaires. With the certification, Hypercom has commenced its launch campaign for the
Optimum T4200 product series in France, where it is one of the top
suppliers of card payment solutions. The Optimum countertop and mobile series has received PCI PED security
approval, MasterCard’s Payment Terminal Security approval for IP and
wireless communication and EMV Level 1 & 2 certifications for chip card
transactions. Hypercom’s existing Artema payment applications are now
available on the Optimum T4200 and M4200 family of terminals.

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BARCLAYS SMS

Barclays Bank is now offering mobile banking to its credit card
customers through SMS. Free of cost to both existing and new credit card
customers, Barclays Bank SMS allows customers to check their outstanding
balance, mini-statement details and payment details of their credit card
by sending text messages. This is in addition to such bank services as
its “Barclays Online Money Transfer,” which was introduced in December
of 2008 to allow customers in the UK to transfer money securely online
directly to any Barclays account anywhere in India. Barclays Global
Retail and Commercial Banking has operations in more than 50 countries
and employs more than 118,000 people to serve customers around the globe
through a network of more than 4,700 distribution points and more than
13,100 ATMs. (CardFlash International 12/5/2008)

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MAY DEBT

Credit card gross dollar volume continues to remain soft rising slightly sequentially, but off nearly 3% from one-year ago. Growth in credit card debt continued to slow dropping to an annual growth rate 2.1% in May, compared to an annual gain of 2.3% for April and 4.4% for March. According to the Reserve Bank of Australia credit card balances
posted A$44.3 billion for May versus A$43.4 billion one-year ago.
Credit card volume came in at A$17.8 billion, compared to $18.3 billion
for May 2008. Credit limits now stand at A$124.2 billion, compared to
A$118.3 billion in May 2008. According to the RBA there are currently
14.3 million credit card and charge card accounts in Australia, compared
to 14.0 million one-year ago.

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Euronet Rebrands its Prepaid Division as epay

KS-based secure payment processor Euronet Worldwide has renamed its global prepay division “epay”.
Euronet’s Prepaid Division is one of the largest
international distributors of prepaid mobile airtime. The establishment
of a single brand signifies the division’s transformation from a prepaid
mobile top-up distributor to a leading provider of payment services and
technology. The credibility and success of Euronet’s individual brands
provide a strong platform for the newly created global brand to ensure
the Division remains an exciting and rewarding partner for service
providers and retailers worldwide. Several Euronet prepaid subsidiaries already carry the epay name. The
remaining companies: PaySpot, Telerecarga, Movilcarga, Brodos and
Transact will now adopt the new branding.

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AirTran Implements Acculynk’s PaySecure

AirTran Airways is now offering customers Acculynk’s alternative
payment system “PaySecure.”
PaySecure offers consumers a simple checkout experience while providing
merchants lower fees, reduced fraud and charge-backs, and incremental
volume from security conscious consumers, those who prefer PIN debit and
those with PIN-only debit cards. Consumers who use PaySecure for their
debit card purchase simply enter
their PIN on PaySecure’s graphical PIN-pad, and the transaction is
processed as PIN debit, leveraging AirTran’s existing infrastructure and
processing relationship with Elavon, a leading global provider of
payment processing solutions and the first processor in the industry to
support PaySecure.

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INTERAC & INSIDE

The INTERAC payment network has teamed with INSIDE to bring contactless
debit to Canada. INSIDE Contactless provides open-standard contactless
chip technologies to develop chips containing the
specifications for INTERAC’s contactless payment service, allowing its
members to offer their debit card users a “next generation” retail
payments solution. Interac Association selected INSIDE for its expertise
in contactless payments and the leadership position they have on a
global basis. INSIDE Contactless open-standard contactless payment and
NFC power next generation payment, transit, identity and access control
applications through its headquarters in France and branch offices in
Shanghai, Singapore, Warsaw, Seoul and Silicon Valley while the Interac
Association was founded in 1984 and is comprised of banks, trust
companies, credit unions, caisses populaires, merchants and technology
and payment related companies.

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PAYTER CONTACTLESS

Following its successful trial with mobile payments in The Netherlands,
Payter is introducing its “P10” desktop model and “P25” build-in model
versatile contactless readers for M-commerce services and payments.
Combining serial, USB and TCP/IP connection into one device, the readers
support a broad variety of payment, loyalty, ticketing and can be used
as a transparent contactless reader. The “P25” build-in model is easily
integrated in a wide variety of devices, such as turnstiles, parking
terminals and vending machines, while both readers are based on an ARM
processor for multiple applications and come with a provision for SAM
module(s) and GPRS interface for secure, advanced connections.

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APS to Offer ControlScan PCI Services

Card processor American Payment Systems has partnered with GA-based PCI
compliance solution provider ControlScan to offer services to small- to
medium-sized merchants. American Payment Systems merchants will now have
access to ControlScan’s
PCI 1-2-3 compliance solution, available online via a Web-based merchant
portal called
myControlScan.com, which provides merchants with the leading tools and
support necessary to analyze, remediate and validate PCI compliance,
including PCI 1-2-3 Self Assessment Questionnaire;
PCI 1-2-3 Vulnerability Scanning; PCI 1-2-3 Security Policy Builder; PCI
1-2-3 Security Awareness Training and Personal Touch Support.

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