NYCE Adds Text Message Balance Inquiries

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. NYCE’s mobile services are fully integrated with the network’s
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.

Details

THE ART OF GO

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, Montréal.

Details

CARD AWARDS 2009

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 £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.

Details

ASB & SERVERSIDE

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
23 countries.

Details

J&J Packaging Introduces the Bundle Pack

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.

Details

HYC S9

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.

Details

MATCH-ON-CARD

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.

Details

Revolution Money Lands Mezzanine Funding

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.

Details

Discover Intros New Ads for its Rewards Program

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.

Details

MC APMEA

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,
President, India,
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
Management.

Details

March Bankruptcy Filings Surge More Than 40%

The number of U.S. consumer bankruptcy filings in March topped 121,000, rising 41% from one-year ago and 24% sequentially. The increase is running ahead of the widely held projections of a 35% gain for 2009. According to the American Bankruptcy Institute and the National Bankruptcy Research, consumer filings totaled 121,413 in March. Chapter 13 filings constituted 25% of all consumer cases in March, nearly a 5% decrease from February. According to the Administrative Office of the U.S. Courts bankruptcy filings jumped 34% in the third quarter compared to the year ago period, and increased 5% sequentially. According to CardData (www.carddata.com) there were 290,000 filings in the fourth quarter. In a recent American Bankruptcy Institute poll, 65% of respondents predicted that bankruptcies in 2009 would increase by at least 35% over the nearly 1.1 million cases filed in 2008. Fifty-three percent of respondents predicted that filings would increase by 35% or more while 12% thought that filings would increase by about 35%. (CF Library 1/08/09; 1/30/09)

BANKRUPTCY FILINGS
Mar 08: 86,165
Apr 08: 92,291
May 08: 91,214
Jun 08: 82,770
Jul 08: 94,124
Aug 08: 96,413
Sep 08: 88,663
Oct 08: 106,266
Nov 08: 99,925
Dec 08: 84,926
Jan 09: 88,773
Feb 09: 98,344
Mar 09: 121,413
Source: ABI/NBKRC; CardData.com

Details