PIXELPOINT & GIVEX

Restaurant POS solution provider PAR PixelPoint has announced the successful certification of PixelPoint POS software to stored value card provider Givex. Merchants using PixelPoint POS will now have the
ability to operate their own gift card programs across multiple
locations as well as issue and redeem gift cards in real-time. Givex
provides a broad range of profit enhancing processes that seamlessly
integrate gift cards, loyalty engines, e-couponing and targeted email campaigns. PAR PixelPoint has become an innovative leader, developing and marketing POS, Web, Wireless and Enterprise software suites for the restaurant industry.

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MARCH ABS

Delinquency and charge-offs among credit card-backed securities hit an all-time high in March. The 20 basis point sequential increase in 60 to 180 day delinquency and the 90 basis point sequential leap in charge-offs are both significant. The Fitch “Charge-off Index” increased in March to 8.4%, compared to 7.5% in the prior month and 6.6% one-year ago. In March, the Fitch “Delinquency Index” increased for the seventh month in a row, moving to 5.0% from 4.8% in February and 3.6% in March 2008. Fitch also reports that its “Monthly Payment Rate Index” was 17.3% in March, compared to 15.2% in the prior month and 16.4% in January. The Fitch “Yield Index” increased 180 basis points to 21.1% in March. Having increased for each quarter of 2008, the outstanding amount of credit card debt held by U.K. borrowers declined 3.1% in the first quarter to GBP 52.2 billion in from GBP 53.9 billion in the fourth quarter.

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GI Joe Collectible Gift Card is Offered

TX-based Cinemark set to launch the limited edition “GI Joe: Rise of
Cobra” gift card. Cinemark Gift Cards allow patrons to place any value
they wish on a
stored value card for redemption towards ticket and concession purchases
at any Cinemark Theatre location nationwide. The gift cards can then be
reloaded online at cinemark.com or at any Cinemark Theatre. Cinemark
gift cards never expire. The card holder may
register his or her card at www.cinemark.com to manage their account,
purchase advance tickets online with no service fee, view transaction
activity, and reload the card with additional value.

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KIWIBANK & POSTILION

Kiwibank has
successfully migrated from an in-house transaction processing system to
the open systems based Postilion platform. This seven year-old bank,
owned by New Zealand Post, known for its
innovative approach to banking services, is using a range of Postilion
solutions for all of its EFT needs, including the Postilion solution for
ATM owners and the Postilion solution for merchant acquirers. The
Postilion payments platform is now driving Kiwibank’s deployment of
approximately 300 ATMs and processing transactions from both its
cardholders and those from other banks’ customers.

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LASER CUTTING GUIDE

Card manufacturer Spartanics has released its “Laser Cutting Technical
Guide”. Plastic card
manufacturers seeking more information on how to match laser cutting
technology to their application requirements can now download the
popular guides in four languages. “The Laser Cutting Technical Guide”
Part I chapters include: 1) Choosing
Between Laser Cutting vs. Tool-based Die Cutting Systems; 2) Quality and
the Soft Marking Standard; 3) Cutting Speed vs. Web Speed. Part II
includes 1) Fallacy of the Double Scan Head Advantage; 2) Systems
Integration, User-Friendliness and Production Output; 3) Selecting
System Components; and 4) Suggested Method for Sourcing Laser Cutting
Technology.

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VeriFone Unveils the Plug-n-Play QX1000

VeriFone Holdings has introduced the “QX1000” plug-and-play
solution for POS contactless acceptance. The “QX1000” is based on an
advanced
contactless architecture that utilizes a single contactless interface
(SingleCI)
and incorporates the most sought-after features in user-friendly design and
customer branding and is ideal for a variety of retailers – from quick
service restaurants and petro
stations to retail stores, parking garages, movie theaters and sports
arenas – with a “touch and go” design and high-speed processor that
keeps checkout lanes
moving. Multiple LEDs and a buzzer clearly communicate transaction
status to both
the consumer and the merchant allowing for a quick and easy payment
experience.

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Discover Doubles Rewards for the Military

Discover is rewarding Discover Cardmembers
with “Double Cashback Bonus” or “Double Miles” when they make purchases
at U.S. military bases and welcomes Operation Homefront as a Cashback
Bonus Partner. The program will include military installations in the
United States and
overseas, and includes purchases made at commissaries, exchanges,
shopettes/convenience stores, exchange catalogs, exchange online stores
and exchange gas/service stations on-base. To coincide with this
promotion, Discover is proud to again
welcome Operation Homefront as a Cashback Bonus Partner from mid May
through Labor Day. Operation Homefront is a non-profit organization that
provides emergency assistance and morale to our troops, their families
and to wounded warriors when they return home, and has provided critical
assistance to more than 45,000 military families in need.

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MasterCard to Require DPA for Smart Cards

Security technology provider Cryptography Research and MasterCard
Worldwide have signed an agreement relating to Cryptography Research’s
Differential Power Analysis. Under the
agreement, MasterCard will require that vendors of smart cards and other
cryptographic products that utilize DPA countermeasures be licensed from
Cryptography Research in order to be used on MasterCard’s payment networks. Cryptography Research recently announced licenses with Infineon, Renesas and NXP for their smart card semiconductor products.

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McAfee to Acquire Solidcore for $33MM

Data security provider McAfee is set to acquire Solidcore for $33
million. Solidcore uses dynamic whitelisting to protect against
vulnerable or malicious applications and ensure that only pre-authorized
software and code can run on servers, endpoints, fixed function devices
and mobile devices. Following the completion of this proposed
acquisition, McAfee expects to couple Solidcore’s dynamic whitelisting
and compliance enforcement technology with McAfee compliance mapping and
policy auditing to deliver the industry’s first end-to-end compliance
solution. The deal will help McAfee significantly expand its reach to
include security for ATMs, POS systems, multifunction printers,
Supervisory Control and Data Acquisition systems, mobile and other
embedded devices. Solidcore currently protects more than 200,000
endpoints from malware and unauthorized changes with its patented
whitelisting software, which includes systems such as ATMs, POS systems,
process control devices, mobile devices, servers and workstations. Its
customer base is geographically diverse, with customers in more than 40
countries, at more than 100 financial institutions and across more than
15,000 retail stores.

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Socialwise Introduces BillMyParents

A new payment service has surfaced that enables tweens and teens to
shop online without a credit card while giving parents control over any
purchases. The new “BillMyParents” system from San Diego-based
Socialwise gives tweens/teens immediate access to more than a million
products through a shopping site powered by Amazon.com. To date,
“BillMyParents” has also forged partnerships with online gaming sites
and social network applications targeted at teens and tweens, including
Artix Entertainment, Habbo, Outspark and RockYou!, among others. Once
they have made their selections, “BillMyParents” sends a notification to
the parent or other adult guardian, by email or mobile text, through an
automated, instantaneous system and the parent then decides to approve
the purchase and pay with a credit card. Socialwise says more than $132
billion is spent annually by youth with $40 billion spent offline on
products researched online.

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MasterCard Launches a Hispanic Campaign

MasterCard has launched a targeted marketing and communication program
to the Hispanic community. MasterCard has released a
new 30-second Spanish language Priceless commercial entitled
“Quebradita.” The commercial emphasizes how consumers can better manage
their money through the use of debit and prepaid MasterCard cards.
Translated as “little break,” quebradita is a modern, acrobatic Latin
American dance style recognizable by its western clothing, hat tricks
and daring flips. In addition to the TV spot, MasterCard has also
created Spanish-language
radio advertising, out-of-home and on-line advertising to extend the
campaign across relevant channels. MasterCard will also continue to
build on its robust online presence, www.mastercardenespanol.com, where
U.S. Hispanic cardholders can find useful information on MasterCard
offerings available to Hispanics to help manage their financial needs.
The integrated campaign informs and educates U.S. Hispanics on the many
benefits, including budget control features, that MasterCard products,
specifically prepaid and debit MasterCard cards, offer.

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