TNB Signs Minnco Credit Union

MN-based Minnco Credit Union has selected TNB as card processor. One of
Minnco’s priorities as it partners with TNB is to offer a
full-featured rewards program for members, moving beyond the one percent
cash back reward it has
been offering. In addition to embracing TNB’s “Rewards2U” program,
Minnco will also
work with TNB’s experts on portfolio consulting, so the credit union can
determine both the optimal pricing strategy for the card program as well
as the best products. Minnco is a $150 million credit union with more
than 21,000 members.

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MHI ETC

Mitsubishi Heavy Industries has rolled out a trial for an electronic
toll collection system at the Penchala toll plaza of the
Damansara-Puchong Expressway near Kuala Lumpur. ETC enables collection
of road tolls without requiring
vehicles to stop at tollgates. The trial was launched with support from
the Malaysian government, which is considering upgrading its existing
ETC system to a multi-lane free flow (MLFF) type in order to ease
traffic congestion. For the trial operation, MHI is providing a
roadside communication
system and vehicle on-board units (OBUs). The ETC system being
demonstrated features highly reliable Japanese ETC
system specifications. The system uses active-type dedicated short-range
communication (Active DSRC). Considering the needs of overseas markets,
MHI’s OBU is battery powered and accepts contact-less IC card for
prepayment. Through the demonstration, MHI
aims to prove the reliability of its ETC technology, the new system’s
compatibility with currently operated ETC cards, and its functionality
in mixed operation with the existing system. MHI has been aggressively
marketing this “Global ETC” system with the aim that it will become a
global standard in ETC systems from
Japan. When adopted, the system, which can collect tolls from about
2,000 vehicles per hour, will contribute significantly to easing traffic
congestion.

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ICICI & MCHEK

ICICI Bank Ltd has partnered with mobile payment provider mChek to offer
the “mChek Visa Credit/Debit card”, designed to perform various
transactions like bill payments, prepaid
recharge, money transfers, pay insurance premiums, buy air tickets,
movie tickets or perform any
other merchant transactions using their ICICI Bank debit card or credit
card account. The card data is stored in an encrypted format in the
phone for a safe
transaction. Visa International had earlier approved mChek as a
platform to which the issuer can issue an electronic mChek Visa card to
deliver the convenience of mobile transaction with added
security.

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Travelex Names a New U.S. Managing Director

Currency exchange service Travelex has tapped Steve O’Donovan as
Managing Director, U.S. Market. O’Donovan has been with Travelex for 10
years and has successfully grown the European business which now
partners with the majority of financial institutions
and retail businesses to provide outsourced travel money. During his
time with Travelex he has been responsible for the UK travel money
outsourcing business, Cash Passport prepaid cards, foreign exchange ATMs
and Dynamic Currency Conversion
solutions. O’ Donovan has worked with a wide range of Travelex’s UK
clients such as: Thomas Cook, Co-op Travelex HSBC, Halifaxbank of
Scotland, RBS, Nat West, Barclays, Tesco and Sainsbury’s.

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MocaPay Offers SMS, WAP, and iPhone Apps

Mobile loyalty marketer Mocapay has introduced a mobile gift card app
for iPhone. Mocapay now provides
three modes of consumer interaction for mobile gift, including text
(SMS), mobile web browser (WAP), and mobile application via the iPhone.
SMS was launched in 2007, followed by the introduction of WAP in 2008.
In addition to the iPhone application, Mocapay will be introducing its
Blackberry application on select handset models, in the third quarter of
2009. All three modes of mobile payment, SMS, WAP, and the iPhone
Application
enable mobile gift account holders to pay at the point-of-sale, access
their account balance and transaction history, search for locations, and
reload their card account balances, all from their mobile phone.

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Consumer Confidence Hits an Eight Month High

Consumer confidence has hit its highest level in eight months
following two months of improvement. The Conference Board “Consumer
Confidence Index” now stands at 54.9, compared to 40.8 in April. The
“Present Situation Index” increased to 28.9 from 25.5 last month. The
“Expectations Index” rose to 72.3 from 51.0 in April. Consumers’ overall
assessment of current-day conditions improved again. Those claiming
business conditions are “good” increased to 8.7% from 7.9%. However,
those claiming conditions are “bad” increased to 45.3% from 44.9%. The
employment outlook was also somewhat pessimistic. The percentage of
consumers expecting more jobs in the months ahead increased to 20.0%
from 14.2%, while those anticipating fewer jobs decreased to 25.2% from
32.5%.

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HSBC & SAS

HSBC has chosen business analytics provider SAS Fraud Management as its principal solution for fraud management across its
global network. HSBC and SAS are working together to expand SAS Fraud
Management’s capabilities, beyond protecting against credit and debit
card fraud, to provide a comprehensive approach to combating fraud
across multiple lines of business and channels. HSBC will continue to benefit from enhanced reporting and rule writing
capabilities, resulting in greater detection rates and continued
reduction of false positive rates. By monitoring behaviour at the
customer level, the bank will gain more streamlined and efficient use of
its investigative resources. HSBC will continue to use SAS’ alert
management, routing and queue prioritisation software to maximise
efficiencies and allow the highest priority alerts to be worked on quickly.
These enhanced
capabilities will enable the bank to monitor activity at the customer,
account and channel level. This will result in further protection
against branch banking, bank transfer and on-line payment fraud, as well
as internal fraud, and represents part of SAS’ continuing investment in
helping financial institutions to reduce fraud.

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V/MC INTERNATIONAL

While Visa and MasterCard U.S. credit and debit card purchase dollar volume declined 2% in the fourth quarter, outside the U.S. the credit card debit card PDV dropped 3%. According to CardData, Visa and MasterCard posted $512 billion in non-U.S. or international PDV in 4Q/08, compared to $526 billion in 4Q/07. In the U.S. the credit and debit card PDV declined from $633 billion in 4Q/07 to $619 billion in 4Q/08. Visa reported a worldwide decline in PDV of 0.9% in 4Q/08. Visa’s U.S. PDV dropped 1.1% while Canada declined 15.4% and the Latin American region slipped 0.4%. MasterCard posted a 3.3% gain in global PDV in the fourth quarter. All non-U.S. regions for MasterCard reported fourth quarter gains. In the U.S., the PDV declined 4.6% in 4Q/08, according to CardData (www.carddata.com).

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MOBILE SECURITY FORUM

Giesecke & Devrient has again teamed with technology networker
Munich Network to host the second Mobile
Security Forum at G&D’s Munich headquarters. A total of 12 companies are taking part in this year’s Mobile
Security Forum. Their presentations cover a broad spectrum of
security solutions from the world of mobile communications.
5eDataSoft GmbH is showcasing a Linux/OSS-based software system for
mobile multimedia devices, while ALK Solutions GmbH is focusing on
development of customer communication software. AXSionics AG operates
a platform for mutual authentication of people and organizations via
the Internet and also offers security for electronic transactions via
any data network. Contnet AG specializes in mobile messaging and
billing of mobile marketing services. C-SAM Inc. focuses on
delivering convenient, secure, flexible, and transparent Internet
transactions. iC Compas GmbH & Co KG offers applications based on
smart card and biometric solutions for authentication and encryption
of data and e-mails. ISA Telematics GmbH is a systems integrator for
GPS-based emergency and telematics solutions that can be used both
for people and for tracking vehicles, containers, and mobile goods.
major soft GmbH is presenting a Web-based content management system
for businesses that can be deployed in a matter of minutes. MobiNetS
offers modular server solutions for mobile payment, while NCP’s
solution simplifies Internet access to central corporate networks.
Using biometric speech recognition technology, Speech Technology
Center has developed a voice PIN, e.g., for cell phone security.
Xmail AG is presenting a flexible system for e-mail archiving aimed
at the mass market. Munich Network connects technology companies with each other, with
R&D resources, and with the international community.

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DCS Expands to Latin American and Caribbean

Dynamic Card Solutions taps Ryan Goss to lead development team focused on Latin American and Caribbean markets.
Continuing to expand on DCS’ global reach, the Latin American
market offers another substantial opportunity for financial institutions
in that region who issue Visa and MasterCard chip-based cards. Dynamic Card Solutions develops
instant issuance and PIN selection solutions for banks, credit unions
and retailers that issue EMV, contactless and magnetic stripe cards. DCS
is a instant issuance provider for Visa and MasterCard debit cards.
Over 460 financial institutions and 5,000 branches worldwide are
currently running DCS’ “CardWizard” software and associated hardware.

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KORE & BLUE BAMBOO

Wireless services provider KORE Telematics has teamed
with Blue Bamboo to help power electronic payments using the “H50” Terminal, a new entry in
the rapidly growing wireless point-of-sale marketplace.
Blue Bamboo’s all-in-one “H50” is a versatile handheld POS terminal with
configurable communication modules supporting GPRS, Bluetooth and
dial-up connectivity. Its GPD/STIP multi-merchant, multi-application
platform enables highly flexible payment processing. The “H50” has
received PCI-PED, EMV Level 1 & 2, PABP and MasterCard PTS
certifications. Packaged in a sleek ergonomic design, the “H50” enables
mobile professionals to process secure, electronic payments in a simple,
reliable and affordable manner. With Blue Bamboo’s “H50” Terminal,
merchants can save time, reduce processing fees, prevent fraud and
minimize losses resulting from non-swiped transactions—all of which
contribute to a quick return on their technology investment. KORE
provides Blue Bamboo with an integrated wireless network with the
coverage, reliability, comprehensive management and optimized usage
plans required to deliver these POS payment applications.

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