TNS to Power Worsley POS Connectivity

NC-based C-store chain Worsley Operating has signed a new deal with
Transaction Network Services and will extend
its broadband network. In 2006, its stores changed
from dial-up to IP communications for their ATM and POS terminals by
utilizing the TNS FusionPoint solution. Worsley uses FusionPoint to
simplify its communications infrastructure
for debit and credit card transactions, fuel tank monitoring and a
variety of back office applications. TNS
also provides all necessary network components and communications
hardware essential for this application.

Details

ICICI 3Q/08

The profit after tax for the quarter endeding September 30th was Rs. 1,014 crore compared to the
profit after tax of Rs. 1,003 crore for the quarter ended September 30,
2007 (Q2-2008). The profit after tax for Q2-2009 represents an increase
of 39% over the profit after tax of Rs. 728 crore in the
quarter ended June 30, 2008 (Q1-2009). Core operating profit (operating
profit excluding treasury) increased 42% to Rs. 2,437 crore for Q2-2009
from Rs. 1,712 crore for Q2-2008. Net interest income increased 20% to
Rs. 2,148 crore for Q2-2009 from Rs. 1,786 crore for Q2-2008. Fee
income increased 26% to Rs. 1,876 crore for
Q2-2009 from Rs. 1,486 crore for Q2-2008. Consolidated advances of the
Bank and its banking subsidiaries and ICICI Home Finance Company
increased 16% to Rs. 264,665 crore at September 30, 2008 from Rs.
227,583 crore (US$ 48.5 billion) at September 30, 2007. For complete details on ICICi’s latest performance visit CardData (www.carddata.com).

Details

Aite Report Examines M-Banking Drivers

A new impact report from Aite indicates that banks and mobile operators
have many opportunities to develop a stronger customer acceptance
towards mobile banking. The results of an Aite Group online
survey of 500 users of credit and debit cards to identify trends
regarding adoption of the mobile channel for financial transactions
suggest greater involvement on the
side of mobile operators could be worthwhile for them. The report shows
that users of mobile financial services trend toward a far greater
consumption of all forms of mobile content, not just those relating to
financial services.

Details

TOREX & IBM

Torex Retail Holdings Limited has completed the “Ready for
IBM Retail Integration Framework” validation of its “Torex Retail POS”
system. Torex Retail POS is an integrated, network-centric suite of POS,
store and central management applications designed to meet the needs of
large national and multi-national retailers. Torex Retail POS uses Java
to create a platform-independent, flexible solution that offers greater
functionality and resilience to retailers. Torex Retail POS solutions
enable retailers to build a strong foundation for their business, while
providing significantly reduced total cost of ownership and increased
efficiency. The IBM Retail Integration Framework
criteria leverages the power and flexibility of IBM software solutions
and the open standards of organisations including Association for Retail
Technology Standards (ARTS), Open Application Group Integration (OAGIS)
and Global Standards (GS1) to unlock communications between services,
information sources, and business processes.

Details

Metavante Technologies’ PSG Up 7% in Q3

Metavante Technologies reported a 4% increase in third quarter revenue
of $424.5 million. Net income for the third quarter was $35.1 million.
The Company’s Payment Solutions Group posted revenue of $256.9 million,
an increase of 7% from 3Q/08. PSG’s operating income for the quarter was
$82.1 million compared to $74.0 million in the third quarter of 2007.
Metavante’s Financial Solutions Group generated revenue of $167.5
million, an increase of 1% year-on-year. FSG’s operating income for the
third quarter was $41.2 million compared to $36.7 million in 3Q/07. For
complete details on Metavante’s third quarter results visit CardData
([www.carddata.com](http://www.carddata.com)).

Details

MC AWARD WINNERS

MasterCard Canada is pleased to announce that
Jeff Stroud, Director, Advanced Payments has won ACT Canada’s 2008
Champion’s
Award and Daniel Monehin, Vice President, Finance, has won the
Professional Excellence
Award from Planet Africa. The Champion’s Award is awarded to
individuals who
have had a significant impact in expanding the Canadian payments
industry. Stroud is
one of the most recognized industry experts on chip technology. For the last
two years, he has been involved with MasterCard Canada’s migration to chip
technology. Monehin leads the finance function for MasterCard Canada
including all aspects of financial planning, analysis,
reporting and taxation. Mr. Monehin has over 16 years of experience spanning
financial services, hi-tech and manufacturing industries. Planet Africa
is a global organization that is committed to
reflecting the best of people of African heritage while contributing to the
community they live in and the Planet Africa Awards are presented each
year to
leaders of the African community worldwide who demonstrate leadership,
excellence and professionalism.

Details

60% to Cut Holiday Spending and Gift Cards

A new survey finds that 59% of consumers expect to reduce their spending this holiday season, with 11% saying that they are still paying off holiday debt from last year. Consumers who received a federal government stimulus check this summer said that on average, 20% of their check was still not spent – meaning those funds are available for holiday purchases, if needed. Deloitte’s “23rd Annual Holiday Survey” also found that 66% of consumers surveyed plan to buy gift cards this holiday season, just slightly below last year’s 69%. Holiday
shoppers are also planning to buy fewer cards on average: 5.3 cards this
year, compared with the 5.5 cards they planned to buy last year. Reversing last year’s trend, consumers are also spending less in total on gift cards and less per card: $28.43 per card on average compared with $36.18 last year. Gift cards for stores/products are less popular: only 47% of consumers plan to buy them, compared with 54% last year. On the other hand, gift cards for gasoline increased to 17% from 13%.

Details

BRS & MASTERCARD

The British Retail Consortium has lambasted MasterCard over its new “development” fee. The BRC says the new fee along with increases in existing fees could increase MasterCard membership charges by as much as 161%. The increased fees and new charge could add up to GBP 15 million a year in costs on all MasterCard transactions in the UK, says the BRC. The three MasterCard fees are: interchange fee paid by the retailer to the bank issuing the payment card; non-negotiable membership fees paid by the card issuer to MasterCard; and premium “Development” fees that have no explanation. The BRC calculates MasterCard’s membership fee increases will increase domestic fees by 161%; EU cross-border transactions within the Eurozone by 78%; and EU cross-border transactions outside the Eurozone by 25%. The BRC is calling on card companies to ensure any new charging system is transparent, only includes the actual costs of processing transactions and operates
on a fixed fee per transaction basis rather than percentage (ad valorem)
basis.

Details

Prepaid Card Holdings to Intro Fee-Free Card

Prepaid Card Holdings will offer through one of its subsidiaries
a branded prepaid debit card with no money loading fees, no monthly fee, no card
issuance fee and no card activation fee. Prepaid Card Holdings, through its wholly owned subsidiaries offers
prepaid card solutions that can act as a card account and payment
solution for those people who do not use banks or credit cards. For
the unbanked or underbanked, prepaid cards can replace their reliance on check cashing centers,
money orders, and the inability to buy certain products that require a major credit card.

Details

STM & SIM

Smart card provider STMicroelectronic has introduced the
“ST32” and “ST33”
cellular-phone SIM card product families that will allow mobile network
operators to enhance differentiation and
expand revenue growth by delivering richer services to subscribers.
The smart card processor families use the best-in-class
ARM Cortex-M3 32-bit processor architecture, and its SC300 secure version,
combined with large embedded-Flash memory capacities. All the new devices
use ST’s 90nm embedded Flash technology, delivering the combined benefits
of increased capabilities, lower power, competitive price, and smaller chip
dimensions. STMicroelectronics is a producer and developer of
semiconductor solutions across the spectrum of microelectronics
applications. In 2007, the Company’s net revenues were $10 billion.

Details

2,600 Chicago Taxis to Add Card Acceptance

The nation’s oldest and largest continually operating taxicab fleet is getting carded. Creative Mobile Technologies and Taxi Affiliation Services have signed a 10-year deal to install a credit card payment system in the rear seats of vehicles, as well as multi-channel, interactive media screens and numerous other technologies in 2,600 taxicabs in Chicago. This includes Yellow, Checker and Blue Diamond taxicabs. CMT’s “FREEdom Solution” is currently operating in over 5,500 New York City taxicabs. CMT’s “Passenger Information Monitors” allows passengers to swipe their own credit card and complete wireless transactions in seconds. The CMT “PIM” also features regularly updated news and media content, as well as GPS-powered passenger maps.

Details

ELAVON PROCESSING

Elavon, formerly known as NOVA Information
Systems, has successfully converted its merchant
services business onto one international processing platform.
With the successful systems migration of over 210,000 European
merchants, virtually all of Elavon’s international acquiring volume is now processed on a single
platform. Elavon utilized multiple IT processing platforms to support its cross-border and multi-currency
international business and its domestic businesses in Belgium, Germany, Ireland,
Norway, Poland, Spain and the United Kingdom. By replacing multiple processing platforms
obtained through acquisitions with one consolidated international processing
platform, Elavon is better able to provide seamless support to global retailers
and other customers with multi-jurisdiction businesses.

Details