Visa credit, debit and prepaid card spending at the “Beijing 2008 Olympic Games” approached $10 million on August 8th, an 11% increase over one-year ago. Opening Day’s biggest Visa spenders were from USA, followed by Japan, Hong Kong SAR, South Korea and the United Kingdom. Visitors from these five locations accounted for more than half of all Visa card spend on August 8th. Visa and its client financial institutions in China also have installed more than 90,000 ATMs and signed up some 216,000 merchant locations or outlets throughout China to help prepare for the expected influx of international visitors this year and beyond. Visa has been a sponsor of the “Olympic Games” for 22 years, and is the exclusive card of the “Beijing 2008 Olympic Games.”Details
Elavon, formerly NOVA Information Systems, has acquired all of the
merchant processing portfolio of Capital City Bank, a subsidiary of
Capital City Bank Group and its 70 branches across Florida, Georgia and
Alabama. The agreement extends Elavonâs payment processing solutions to
Capital City Bankâs existing base of 2,200 merchants, which will benefit
from payment card processing, custom POS devices/software, e-commerce
products, gift card solutions, electronic check services, and enhanced
reporting. Elavonâs Global Acquiring Solutions organization is a part of
U.S. Bancorp providing end-to-end payment processing services to more
than one million merchants in the U.S., Europe, Canada and Puerto Rico.
The Board of Directors of the Electronic
Funds Transfer Association has elected
Raymond T. Crosier of VA-based Online Resources as its Chairman.
Richard G. Lyons, Jr., EVP of Global Debit and
Prepaid at MasterCard Worldwide was elected to serve as vice chairman.
Sandra Hartfield, President and CEO of Electronic Banking
Division of Palm Desert National Bank, and Lynn Barr, a partner in the
law firm of Goodwin Procter, LLP were re-elected treasurer and secretary
of the Board respectively. EFTA is the nationâs
leading trade association dedicated to the advancement of electronic
payment systems and commerce.
CA-based online payment solution provider ChargeSmart has appointed
Philip Mikal as COO. Mikal joins ChargeSmart from his consulting
practice where he works with
early-stage start-up companies. He is a serial entrepreneur with a
strong background in Internet technology, financial services and the
real estate industry. He has founded several profitable Web-based
companies and holds a good track record in selling both investors and
early customers. ChargeSmart enables individuals with Internet access
and a major credit
card to make payments to billers in five different industries. Customers
submit payments directly to ChargeSmart and indicate the amount they
wish to pay and the recipient.
ANZ has launched New Zealand’s first credit card to reward customers for paying money back. Instead of receiving reward points for retail purchases, “ANZ Everyday Rewards Visa” customers receive points when they pay back money spent on the card. Rewards are earned for repayments made on outstanding balances, which includes purchases, cash advances, interest charges and even fees. The new card also offers customers switching from another bank’s credit card a special low interest rate of 8.75% on their existing balance for the first six months, before moving to a 19.95% interest rate on purchases, and 22.20% on cash advances.Details
CA-based nCircle has introduced new configuration auditing and file
integrity monitoring options based on the nCircle
“Configuration Compliance Manager”. The packages provide an agentless
configuration auditing solution for retail
stores with point of sale systems such as cash registers and a file
integrity compliance option for organizations that need to be PCI
compliant. Configuration auditing provides continuous system auditing
to discover system configurations and detect changes. nCircle’s unique
solution performs configuration auditing without requiring software
agents to be installed on the monitored system, a key requirement for
most point of sale systems such as cash registers. nCircle’s file
integrity compliance capability is also agentless, and enables the
monitoring of specific files on a system for changes. File integrity
compliance is mandatory under the
PCI Data Security Standard.
St. Louis-based marketing solution provider Maritz has created “Rewards Direct”, targeted to rewards-only buyers. “Rewards Direct” is designed to serve the growing number of organizations that handle in-house planning and operations of their large-scale incentive, recognition and loyalty programs, but need help with selection and fulfillment of rewards that inspire and motivate people and is being built subsequent to the recent acquisition of Cascade Promotion Corporation, a privately-held relationship marketing and rewards fulfillment house.Details
Visa credit, debit and prepaid card spending at the “Beijing 2008
Olympic Games” approached $10 million on August 8th, an 11% increase
over one-year ago. Opening Dayâs biggest Visa spenders were from USA,
followed by Japan, Hong Kong SAR, South Korea and the United Kingdom.
Visitors from these five locations accounted for more than half of all
Visa card spend on August 8th. Visa and its client financial
institutions in China also have installed more than 90,000 ATMs and
signed up some 216,000 merchant locations or outlets throughout China to
help prepare for the expected influx of international visitors this
year and beyond. Visa has been a sponsor of the “Olympic Games” for 22
years, and is the exclusive card of the “Beijing 2008 Olympic Games.”
OH-based Diebold reported that second quarter revenue increased 11% year-on-year to $771 million. However, net income slipped slightly for the second quarter to $25.6 million, compared to $26.9 million for 2Q/07. Financial Self-Service revenues, mostly ATMs, increased 15% in the second quarter to $549 million over the prior year quarter. Diebold says work has continued on its strategic global manufacturing
realignment plan to reduce its four-plant global “Opteva” production
footprint down to two primary plants. While Diebold is still finalizing its plans, it has given notice to its employees and the collective bargaining unit representing its Newark, OH-area manufacturing facility that the company intends to close this operation and move all of its production to Diebold’s plant in Lexington, N.C. Most of Lexington’s “Opteva” ATM production lines will be moved to existing plants in China and Hungary. The Newark facility currently employs approximately 100 workers and produces physical security equipment. The company anticipates the product transition and employee reductions to begin in October, and that the Newark-area facility will be closed in the first quarter of 2009. For complete details on Diebold’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com))
A new survey shows that 80% of Americans have not paid an overdraft fee
in the past 12 months. Nearly three-fourths of consumers said their
bank covered the check or debit payment that caused the overdraft fee,
while 27% said their bank did not. According to the American Bankers
Association poll of the 20% who have paid an overdraft fee in the past
12 months, they provided the following responses when asked how many:
27% said one; 25% said two; 11% said three; 8% said four; 5% said five;
13% said six to 10; and 9% said more than 10.
SaaS e-payment provider PaySimple has launched a new online customer
site designed to help customers maximize their investment in PaySimple
2.0 by providing free detailed training on the product’s features and
functionality. The updated customer support and training program helps
customers get support and education quickly and effortlessly. The
program now includes a âTop Questionsâ section, self-service
applications, the ability to open a customer support case online, and
downloadable âQuick Guidesâ for those who need just a short tutorial on
a feature. PaySimple has also tripled the number of live training
TransUnion has appointed Andrew Knight, previously group CEO of its
South Africa operations, as President of international operations.
Knight joined TransUnion in 1994 as
managing director of its credit bureau operations. Before that, he held
several financial management positions throughout South Africa.
Knight attended the University of Cape Town,
South Africa and is fluent in four languages.