India’s second largest Bank ICICI opened its first U.S. and has joined the Allpoint ATM network consisting of 37,000 surcharge-free ATMs across the U.S. and the U.K. In New York State alone, ICICI Bank will offer access to more than 2,500 surcharge-free ATMs in convenient locations at retailers such as 7-Eleven, Duane Reade, Target, Costco, and CVS to name a few. ICICI Bank’s presence currently spans 19 countries, including India. Allpoint, an affiliate of Cardtronics (Nasdaq:CATM), is America’s largest surcharge-free ATM network.Details
NJ-based NYCE will offer balance inquiries by text message to its NYCE Network
participants. The basic text message transactions will be an extension of the balance
inquiry functionality commonly available at NYCE Network ATMs, with no
additional fees for mobilization. The new service, powered by Monitise
Americas, will allow consumers to use text messaging to request and
receive real-time balance information on their primary accounts. Text
message balance inquiries will work for virtually all mobile phone users
regardless of their mobile carrier or the type of handset they use. NYCEâs mobile services are fully integrated with the networkâs
infrastructure, leveraging existing NYCE services such as settlement and
reporting. This approach simplifies the provider relationship and allows
institutions of all sizes to offer mobile to their customers without
significant investment in new technology infrastructure.
Visa has launched “The Art of Go” a multi-channel marketing campaign. The “More People Go with Visa” campaign is
brought to life through thought-provoking public art installations that invite
Canadians to make the most out of every day in their own unique ways. The
“More People Go with Visa” campaign reflects Visa’s core growth strategy –
migrating consumer and business spending from cash and cheques to a better
kind of payment, Visa. “The Art of Go” showcases public art installations created by
celebrated Canadian artists: Jill Anholt, Vancouver; Shayne Dark,
Toronto; and Benny Nemerofsky Ramsay, MontrÃÂ©al.
Alternative payment provider PayPal and The Royal Bank of
Scotland have won the ‘Best New Prepaid Card Product of the Year’ for PayPal’s “Top Up” product at
Card Awards 2009. PayPal partnered with The Royal Bank of Scotland to launch the PayPal
Top Up Card in August 2008. The PayPal Top Up Card is available to both PayPal and non-PayPal
account customers. It costs ÃÂ£4.95, making it one of the most competitive
cards in the market. It can be loaded with money at Post Offices,
PayPoint outlets across the country and online at www.paypal.co.uk. The
card is free to reload via PayPal. Once loaded, the card can be used to
shop online, over the telephone or on the high street, almost anywhere
the VISA logo is displayed, anywhere in the world. PayPal account
holders will also be able to transfer funds from their PayPal account
directly onto the card. The prepaid product has succeeded in making
the PayPal brand more visible offline and has attracted new customers
who did not previously have a PayPal account. “Top Up” is processed by global payments services provider TSYS.
ASB is giving customers the chance to customize its recently launched
Visa Debit Card using technology provided by card customisation
specialist, Serverside Group. The new service has immediately proved
popular, with large numbers of applicants opting to personalise their cards.
ASB is currently promoting the new card design service across multiple
channels. Cardholders can customize their cards with images and photos
of their own, vetted by Serverside’s in-house image checking facility,
or can choose one from the image library provided. Galleries include
‘Kiwiana’, ‘Cities’, ‘Lifestyle’, ‘Fun’ and ‘Sport’.
Serverside has built a market-leading position by running more than 700
card programs through its network of approximately 200 card issuers in
IN-based gift card packager J&J Packaging has launched a gift card “Bundle Pack”.
According to the results of a 2008 survey, consumers prefer to get three ten dollar cards for their thirty
dollar gift purchase opposed to a single thirty dollar card in a
traditional single card offering. The issuer of a gift card is able to separate their
gift card from competitors by bundling their cards with special offers
or value added features. The multi pack allows them to include a “bonus”
card or incentive as a reward for choosing their product among the
overwhelming choices of gift cards typically offered in a retail store.
In addition, consumers have the chance to benefit from making a gift
card purchase as opposed to simply giving cash.
Hypercom’s PCI compliant “S9 PIN Pad” has received Association of Payments And Clearing Services’ “Common Criteria” accreditation in the UK. The new accreditation and listing on the APACS website replaces the previous accreditation of the non-PCI model. The device can be connected to Hypercom’s “Optimum T4200” terminals, providing a dedicated customer interface for cardholders to insert their card and enter their PIN number with a high level of convenience and security. In addition to achieving APACS accreditation, “PCI PED” approval and “EMV Level 1” certification, Hypercom’s “S9” meets a full range of industry
requirements, supporting “Master/Session DES,” “Triple DES” and “DUKPT” key management.
GlobalPlatform has published a white paper to explain
how its existing technology can add value to biometric match-on-card
solutions from research and development cost-savings and improved time
to market, to compliance with industry security requirements. The white paper, entitled ‘The GlobalPlatform Value Proposition for
Biometric Match-on-Card Verification’, will be of interest to government
officials, project managers and consultants advising on the
implementation of biometric match-on-card programs, alongside smart card
technical audiences. It discusses in detail how current GlobalPlatform
Specifications deliver the required security and privacy to enable the
deployment of a secure, interoperable and flexible biometric
match-on-card solution. The white paper was developed jointly by the following GlobalPlatform members: ActivIdentity, Collis, Gemalto, NXP, Oberthur, Precise Biometrics, Sagem Orga and the US Department of Defense.
Alternative payment provider Revolution Money has received $42 million
in “Series C” funding. The investors include a Goldman Sachs affiliate
AOL co-founder Steve Case, Revolution Money Chairman Ted Leonsis, former
Charles Schwab CEO David Pottruck, former JP Morgan Vice Chairman David
Golden, Citigroup Inc. and Morgan Stanley. Revolution Money will use
this funding to continue developing the core technology behind its
popular and innovative products that include “RevolutionCard”, a
general-use credit card and “Revolution MoneyExchange”, a free online
P2P payments service. This funding follows a “Series B” investment
round of $50 million led by Citigroup Inc., Morgan Stanley and Deutsche
Bank in September 2007.
Discover Card has launched a new ad to reinforce its rewards program
and help cardholders spend smarter. The new integrated communication
effort focuses on the “5% Cashback Bonus” program and includes
television and online advertising. The current 15-second TV spot will
air through April 19th and will focus on the Home Improvement store
category. Future spots will focus on the various quarterly “5% Cashback
Bonus” categories including Gas, Hotels, and Theme Parks; and Grocery,
Restaurants, and Movies. Ads will appear on sites such as Amazon.com,
AOLshopping.com, BobVila.com, HGTV and DIY Network. Discover will also
have a presence on abc.com, nbc.com, cbs.com and hulu.com.
The spots were created in collaboration with the Martin Agency.
MO-based AMC Entertainment has rolled out limited-edition âStar Trekâ gift cards.
The one-of-a-kind gift cards are available for $25 per gift card in
limited quantities at www.amctheatres.com or at theatre box offices.
Guests who purchase all four receive a free display kit while supplies last.
MasterCard Worldwide has appointed Vicky S. Bindra as president, Asia/Pacific Middle
East Africa region. Bindra joins MasterCard from GE Capital, where he was CEO,
since 2007. Prior to that, he held several senior-level
assignments at Citibank in New York and Singapore in consumer banking, credit cards, small
business, sales and marketing and private banking. In addition, he was a
partner at Bain & Company, leading assignments in financial services and
private equity. Bindra is a graduate of St. Xavier’s College in Calcutta with a
degree in finance and accounting, a certified public
accountant and holds
an MBA from the Massachusetts Institute of Technology Sloan School of