ASYACARD DIT

Bank Asya has implemented MasterCard’s “OneSmart” chip-based value application for the launch of its versatile “Asyacard DIT” chip and PIN card with “PayPass” technology. This partnership allows Bank Asya customers in Turkey to use a single, multi-application chip card for traditional payments, contactless payments and secure remote
transactions at 109,000 merchant locations worldwide. Cardholders can
even pay bridge tolls through the integrated municipal toll and transit
application. The MasterCard Chip Authentication Program (CAP) secure
two-factor authentication technology also allows “Asyacard DIT”
customers to securely access online account information. The “OneSmart”
Chip program provides transactional and security expertise to MasterCard
cardholders and issuing banks while Bank Asya is a Turkish bank which
serves over 1,000,000 individual card members through 124 Bank Asya
branches located across the country.

Details

Alaska Airlines Migrates to a Cashless Cabin

Alaska Airlines has announced its ‘cashless cabin’ initiative to allow travelers to use credit or debit when purchasing inflight consumer items. With this initiative, the airline will no longer accept cash onboard while all transactions will be conducted through the GuestLogix Inc POS hand-held device. Additionally, when passengers are using the Alaska Airlines Visa card issued by Bank of America, they will earn 10 miles for every dollar spent onboard through Oct. 31. Alaska Airlines and Horizon Air together serve 94 cities throughout North and Central America.

Details

KSW & TI

KSW Microtec RFID component provider is among the 15 companies awarded
the Texas Instruments Supplier Excellence Award (SEA) for providing its
products and services. KSW and its 14 other counterpart organizations
were chosen among the 14,000 contending suppliers for professional
skills, having met TI’s definition of ‘supplier excellence’ in
innovation, technological know-how, product differentiation, high
quality and competitive pricing. German-based KSW Microtec AG RFID
components are used in public transport, ePayment, asset management,
access control and high security applications on over 20 million
contactless credit cards in the US market alone.

Details

Consumer Confidence Sinks to a New Low

Consumer economic sentiment has fallen to the dismal level of the early 1980s as the full effects of a recession take hold. High gasoline and food prices, a falling stock market, weakening housing values and a shaky job market do not a happy consumer make. The latest “RBC CASH Index” (Consumer Attitudes and Spending by Household) dropped to 14.6, a new all-time low since its inception in 2002, compared to 22.5 in June. RBC says that bleak economic times appear to have become self-reinforcing as fewer than one in five Americans think their local economy will strengthen in the next six months, compared to 20 last month. Also, 37% of respondents rate their personal finances as weak, up from 30% last month. Additionally, 71% believe the next 30 days will be a bad time to invest in the stock market, versus 66% in June.

Details

BOFA EUROPE

Bank of America has appointed Ian O’Doherty Europe card services
executive to oversee card services businesses in Ireland, United
Kingdom, Spain and expansion efforts into other European markets. Ian
graduated from University College Dublin with a major in Civil
Engineering, the University of Missouri with a master’s degree in
Structural Engineering and Boston College with a master’s degree in
Business Administration. O’Doherty comes to the position from the role
of Ireland Country Executive to manage expansion of MBNA Ireland card
operations, the brand under which Europe Card Services operates.
Moreover, Europe Card Services was established in 1993, provides credit
cards for over 900 organizations across Europe and employs 5,000
associates while Bank of America serves over 59 million consumers and
small businesses.

Details

DISCOVER SHANGHAI

Discover has opened its Discover Information Technology operations
center in Shanghai, China to strengthen its data analysis and modeling
operations. Opened in the city’s Huangpu District, the new facility will
initially employ 45 analysts-a number Discover plans to double by 2009,
follows the May 2007 opening of Discover Financial Services
Representative Office in Shanghai and further strengthens the
organization’s presence in the country. Discover is a U.S.-based credit
card issuer that oversees its global Discover Network, which handles
millions of merchant transactions for and cash access locations around
the world.

Details

JCM & KIC

The KICTeam, manufacture of cleaning cards, has made available its “Bill
Validator Cleaning Product” for JCM Global international customers.
Having previously developed “JCM Waffletechnology” cleaning card
solutions for JCM domestic customers, the KICTeam has built on this
success to provide international customers the same. In doing so, the
organization has incorporated a larger waffle pattern to accommodate
international currency validators, which was developed specifically for
the international marketplace. KICTeam Waffletechnology-based products
are designed for magnetic card readers, bill acceptors, optical readers,
smart card readers, thermal printers, ID card printers, ATMs and POS
thermal readers while JCM provides automated transaction handling
systems to consumers and merchants alike.

Details

EQUIFAX & GPCS

Equifax has acquired 28% of the Russian Global Payments Credit Services
LLC (GPCS) credit information company. Acquiring the interest from
Global Payments Europe, s.r.o. and Home Credit & Finance Bank of Russia,
Equifax will assume responsibility for GPCS’ operations and will
re-brand the organization as “Equifax.” Equifax is headquartered in
Atlanta and employs 7,000 in 14 countries around the world while Global
Payments Inc. provides electronic transaction processing services and
remittance to consumers and merchants around the world.

Details

NORDEA & WINCOR

Nordea has announced it will be deploying 500 Wincor Nixdorf payment
ATMs across Finland throughout 2009. The machines will provide Nordea’s
nearly 400,000 concerned customers a secure alternative for paying bills
with the acceptance euro-denominated SEPA payments and chip cards,
rather than magnetic strip cards. Wincor Nixdorf Oy will not only supply
the ATMs, will be responsible for servicing and maintenance as well.

Details

DCS & MULTICARD

DCS Europe ID Solutions has disclosed its intentions to adopt the name
of “Multicard,” changing its legal name to “Multicard GmbH.” Announced
at a reception attended by mostly German and Swiss employees and
customers, the name change is being executed with the hopes of
increasing brand awareness among national corporate customers. Multicard
AG provides printing, programming and issuance of consumer
identification cards and multifunctional smart card solutions for secure
identification programs.

Details

FUTURESHOP & RIM

Futureshop.ca consumer electronics provider has embarked on the mobile
commerce market with Research In Motion (RIM) to provide an application
allowing users to shop futureshop.ca on BlackBerry Smartphones.
Consumers can now shop Future Shop products, which millions of Canadians
do every week, using the Futureshop.ca’s navigation directly integrated
with their BlackBerry Browser. Furthermore, the new shopping solution
ensures shipping, reward program and credit card information are
securely stored on the smartphone. BC-based Future Shop has 133 stores
across Canada and employs 10,000 associates providing consumers
home/entertainment technology.

Details

LCM v1.7

Trintech has launched “Lifecycle Management Payments Version 1.7” for
account reconciliation and positive pay. Providing integrated web
capability for real-time positive pay decisioning, image enablement and
flexible reconciliation reporting, “LCM Payments Version 1.7” is .NET
browser-based, provides clients a range of real-time capabilities and
integrates with existing IT and payment system infrastructures as an
effective deterrent to fraud. LCM Payments allows financial institutions
to provide their clients customized workflows for exceptions, statuses,
and payment actions to increase relations value between available
solutions and features/functionality.

Details