Virginia Airport to Accept MC PayPass

Norfolk International Airport is now accepting Mastercard PayPass in its
ACS managed parking lots.
“PayPass “is accepted in 10 exit lanes serving over 7,200 parking spaces
at the Airport and enables
drivers to pay for parking simply by tapping their PayPass-enabled
MasterCard card or device on a PayPass reader. ACS’ airport revenue
control solutions will continue to accept traditional magnetic-stripe
payment cards and work with all payment card providers. ACS offers a
wide range of transportation solutions, including airport
parking (more than 20 installations at the nation’s busiest airports),
public transit agency, toll collection agency and car park operator
solutions that rationalize and automate revenue collection. A high
service level optimizes revenue intake, while user-friendly tools
enhance the customer experience.

Details

U.K. Card Trade Association APACS Reinvents Itself

The trade association for the cards industry in the U.K. is undergoing
a makeover including a new name and an updated website. APACS has been
the umbrella name for the co-operative activity of banks, building
societies and card issuers on payments and payment systems since the
mid-80s, but over the next two months it will be moving away from the
use of the name APACS in favor of names that better describe the various
parts of the payments industry, such as the Payments Council, The UK
Cards Association and the different clearing companies. As a result, the
UK Cards Association was formed in April 2009 as the successor body to
the APACS Card Payments Group. The UK Cards Association is responsible
for formulating and implementing policy on non-competitive aspects of
card payments including codes of practice, card fraud prevention, major
infrastructural changes, development of standards and other matters
where cross-industry benefits are identified.

Details

Mint.com Launches My Yahoo! Application

Mint.com online personal finance service has released its application
for the “My Yahoo!” personalized start page. Targeting the 40 million
worldwide monthly visitors to the page, the Mint.com application charts
the user’s spending trends, budget and account status alongside email,
instant messaging, weather, sports scores and news all on one website.
The Yahoo application does not display balances nor charges to protect
privacy (both are accessible through the Mint.com website) and is part
of a series of innovations recently introduced for the 1 million
Mint.com users. Mint.com online personal finance service is tracking
over $50 billion in transactions, $15 billion in assets, has identified
$100 million in potential savings for its users and downloads
transaction data from more than 7,500 bank, credit card and
investment accounts daily.

Details

May Employment Index Signals the Worst is Over

An employment index is pointing that the decline in job losses is real and signals that the worst is over. The Conference Board “Employment Trends Index” moved up to 89.9 in May, increasing 20 basis points from the revised April figure of 89.7, but and down 20% from a year ago. The improving indicators for the latest “ETI” were the “Percentage of Firms With Positions Not Able to Fill Right Now,” “Percentage of Respondents who Say They Find Jobs Hard to Get,” “Real Manufacturing and Trade Sales” and Job Openings. The “Employment Trends Index” aggregates eight labor-market indicators. According to the Bureau of Labor Statistics of the U.S. Department of Labor, the unemployment rate continued to rise last month, increasing from 8.9% in April to 9.4% for May, the highest in 26 years. However, the 345,000 jobs lost in May are about half the average monthly decline for the prior 6 months, and the fewest since September.

Details

BARCLAYCARD CONTACTLESS

Given recent research demonstrating 98% of current contactless
cardholders agree the payment method is easy to use, while 88% agree it
saves plenty of time, Barclaycard is upping its contactless-enabled Gold
and Classic card deployment for users receiving new, reissued or
replacement plastic. The contactless Barclaycard solution provides
nearly 2 million users secure, time-saving payment for the purchase of
goods and services costing less than GBP10. The solution is currently
accepted for payment at such retailers as Prêt a Manger, Coffee
Republic, Eat and Yo! Sushi. Contactless cards available through
Barclaycard include the “OnePulse”, “Platinum” and “Goldfish” cards,
none of which require a PIN nor signature. Barclaycard is part of
Barclays Global and Retail Commercial Banking division, serves 11.7
million customers in the UK, serves 11.6 million global customers and
maintains 89,000 retailer/merchant relationships.

Details

WAL-MART CARDS

Projecting 50,000 to 65,000 business owner members will join their Punjab
store location, Kotak Mahindra Bank and Bharti Wal-Mart have teamed to
launch their line of “Business Cards” for their “Best Price Modern
Wholesale” store members. The “Best Price Modern Wholesale” stores, the
first of which opened recently in Amritsar, Punjab, aims to provide its
members fair prices, convenience and choice. Exclusively targeting
business owners, including restaurant owners, hoteliers, caterers,
produce resellers, kiranas, retail store owners and offices, “Business
Cards” cardholders are afforded monthly statement updates on account
information (credit limit, purchases, etc), have access to 24/7 “phone
help” and the convenience of “financial services helpdesk” support at
every store location.

Details

FCAC CALCULATOR

Credit card interest piles up quickly and it’s no mystery why paying off
card balances as quickly as possible is to a consumer’s benefit.
Offering consumers tools needed to better understand the importance of
how paying off credit card debt more quickly saves more money. The
Financial Consumer Agency of Canada (FCAC) has launched its interactive
“Credit Card Payment Calculator” to help cardholders budget. Comparing
the minimum payment required, the minimum payment required plus an
additional amount and a fixed monthly amount higher than the minimum
payment, the ‘Calculator’ calculates interest, total amount paid and any
money saved with the repayment option chosen. The ‘Calculator’ can also
be used to change data entered to figure how to minimize interest
charges and is accessible through the FCACWeb site, www.moneytools.ca.
The FCAC of Canada provides consumers information to help them choose
the financial products and services that best meet their needs.

Details

LML PATENTS

LML Payment Systems’ indirect subsidiary LML Patent Corp. has again
filed
suit for patent infringement in the U.S. District Court for the Eastern
District of Texas. The suit names National Bank
of Daingerfield, PlainsCapital Bank, Southside Bank, First Bank, The
American National Bank of Texas and American Bank of Texas alleging that
the defendants have infringed LML’s U.S. Patent No. RE40220 which
relates to electronic check processing methods and systems. In November,
LML filed suit in the U.S. District Court for the Eastern
District of Texas seeking damages, injunctive and other relief for the
alleged infringement of their patents against JP Morgan Chase, Wells
Fargo, Wachovia, Citigroup, Bank of New York Mellon, HSBC,
Capital One, ABN AMRO, Northern Trust, Regions Financial, National City,
Fifth Third Bank, Citizens Financial,, M&T Bank, UnionBanCal, First
National of Nebraska, Deutsche Bank Trust Company Americas and PayPal.

Details

Check Into Cash to Integrate CheckFreePay

Check Into Cash consumer financial services has deployed the the
convenient Fiserv “CheckFreePay” walk-in bill payment service. Allowing
customers to pay their bills in person with cash, “CheckFreePay” service
will be made available through the financial service Organization’s more
than 900 locations in 30 states for the acceptance of payment for such
items as utility, cellular, auto, insurance and credit card bills. The
Fiserv solution will be easily integrated into existing Check Into Cash
POS terminals to avoid extensive training on new platforms thanks to the
use of its existing hardware. “CheckFreePay” allows consumers to pay a
total of more than 2,500 types bills at 16,000 various retail agent
sites through supermarkets, drugstores, convenience stores and
independent retailers. Fiserv information management and electronic
commerce systems was established 25 years ago while TN-based Check Into
Cash employs 3,200 and runs 1,100 stores.

Details

CUSTOMERS ATMS

Ensuring committed arrangements until 2013 on improved terms, ATM
provider Customers has extended its Bendigo & Adelaide Bank and BP
Australia
bank contracts. Bendigo and Adelaide Bank will extend its ATM network by
up to 500 ATMs, each branded with the respective logo and
supplied/operated by Customers under a 5-year contract. The ATM supplier
anticipates the new contract will ensure greater national brand
recognition and increased revenue streams. Meanwhile, BP Australia,
Customers’ largest client, is slated to extend its current ATM services
contract for over 200 ATM installations across its network of stores
throughout Australia.

Details