Delta Air Lines Offers PayPal Option

Delta Air Lines customers now have PayPal as a payment option for purchasing airline tickets. PayPal provides consumers with a safer, easier way to pay for items and services online. With a PayPal account, Delta customers can choose from several different payment options to fund transactions, including PayPal account balance, bank account, debit cards, and credit cards, all while keeping their financial information private and secure.

Details

edo Interactive Launches with PP MCs

TN-based edo Interactive made a formal company launch and will be providing business marketing solutions with its “edo Marketing Platform” and the “Facecard Prepaid MasterCard.” The “edo Marketing Platform” internet behavioral targeting/advertising platform tools provide smaller advertisers with tighter budgets an alternative to traditional media and make every cent count. The “Facecard Prepaid MasterCard” provides teens and young adults with prepaid cards which utilize a “membership” program, creating purchasing power for an otherwise unaddressable consumer demographic. Statistics show internet advertising accounts for 9.7% of world ad expenditures and will reach $67 billion by 2010.

Details

Consumer Confidence Hits a 16-YR Low

The Conference Board “Consumer Confidence Index” shows consumer confidence has hit a 16-year low, having declined from 62.8 in April to 57.2, while the “Present Situation Index” fell from from 81.9 to 74.4 and the Expectations Index fell from 50.0 to 45.7. Additionally, consumers claiming business conditions are “bad” rose to 30.6% from 26.5% while those claiming business conditions are “good” decreased to 13.1% from 15.4%, consumers disclosing there’s a tough job market grew from 27.9% to 28.0% and those whom feel otherwise decreased from 17.1% to 16.3%. Meanwhile, those anticipating business conditions to worsen over the next 6 months increased to 33.6% from 27.4%, those anticipating business conditions to improve increased slightly to 10.4% from 10.1%, those expecting fewer jobs in the months ahead declined to 32.4% from 32.9% and those anticipating more jobs fell to 8.7 percent from 8.8%.

Details

Fiserv Names a Chief Marketing Officer

WI-based electronic payment service provider Fiserv has hired Don MacDonald, previously with Intel, as its first Chief Marketing Officer. He will focus on refining the company’s brand and product strategies, data analytics and client segmentation. At Intel Corporation, MacDonald managed a marketing organization with 1,000 people worldwide and an annual budget of $2 billion. He spent more than 20 years at Intel in a variety of business and marketing roles including positions with Mobile Products, Digital Home, Intel Japan and others. MacDonald holds a bachelor’s and law degree from University of Lancaster, England.

Details

Credit Union Card Growth Up 9% in Q1

According to AssetExchange Analysis, 2,100 credit union credit card portfolios of $1 million and larger have maintained growth momentum for 1Q/08, posting 9% annual growth to $28.7 billion since 1Q/07. Additional findings show portfolios that grew more than the rate of inflation year-on-year was up 5% since the corresponding quarter of the year prior, total card assets for portfolios over $1 million continued to increase to 4.66% of total assets and portfolio sales have continued to decline, with just over half of the sales volume of 1Q/07.

Details

GLOBAL INTERCHANGE

Retail Banking Research) analysis has concluded Global POS
interchange fees have increased 140% between 2000 and 2006 for a total
$64 billion, thanks mainly to an increase interchange rates in the USA
and payment card purchase expenditure around the globe. With this, RBR
forecasts major changes to POS interchange fee arrangements and fee
levels around the world due to growing competition in POS interchange
fees, increasingly tough stances on multilateral interchange fee (MIF)
arrangements and regulatory pressure to converge and standardize fees in
the SEPA area for the decline in POS interchange fee levels.

Details

LifeLock CEO Fights Back Over Lawsuits

LifeLock CEO Todd Davis has responded to the recent spate of lawsuits and accusation of fraud by the company. Recent claims have suggested that Davis’ social security number has been used at least 20 times to obtain drivers licenses and other credit. Davis explained that the “claims are completely untrue and reflect total inexperience and lack of understanding of how credit files and identities work. While there have been more than 100 attempts to use my identity information, none of these recorded in the credit files resulted in any loss for me”. To date, four customers have filed lawsuits against LifeLock and in turn, Davis has filed motions with two federal judges to dismiss claims in the cases before them. The plaintiffs are continuing to maintain their LifeLock accounts, according to Davis.

Details

TIM’S DEPLOYMENT

Telecom Italia Mobile has teamed with Gemalto for the
deployment of a NFC program in Trento, Italy, the first of its kind in
the country. Providing TIM with transport applications embedded in the
SIM cards, the Gemalto platform allows TIM customers to use their mobile
phone as a access device to take public transportation with
mobile contactless deployment. Gemalto has already conducted several programs on various NFC transport infrastructures. In Western Europe for example, in 2005, Gemalto joined together with Bouygues Telecom and RATP to launch the first SIM-based contactless system in Paris. In 2006, Gemalto working also with Bouygues Telecom, and with regional operator Transdev, delivered a contactless program covering Grenoble and its region, including smart posters so that end users can download maps on their mobiles.

Details

Card Solicitations Drop 14% from Q4

The estimated number of direct mailings sent from banking, credit card, investment, and mortgage and loan companies fell 10%. According to Mintel Comperemedia estimates that financial services direct mail volume at 4.2 billion for 1Q/08, 13% lower than the 4.8 billion estimated for the year ago quarter. Among financial services companies, credit card issuers cut back on direct mail the most. Mintel Comperemedia estimates that mail volume for credit cards fell 14% from 4Q/07 to 1Q/08 (from 3.0 billion offers to 2.6 billion). Three of 2007’s top five credit card mailers including Chase, Bank of America and HSBC reduced their direct mail by over 15% during 1Q/08.

Details

Dynamic Card Releases CardWizard 4.0

Dynamic Card Solutions has released “CardWizard 4.0” software application that creates flexible instant card issuance for debit, ATM, credit and prepaid cards. Highlights of CardWizard 4.0 includes complete CHIP personalization with PayPass/payWave contactless technology that allows financial institutions the benefit of offering ease and convenience to consumers. The system will be able to instantly issue cards with both contactless chips and magnetic stripes allowing them to remain usable with a variety of existing merchants’ payment systems and custom background selection that allows further customization capabilities that produce a fully personalized, thermally printed, unembossed card in real-time for cardholders which includes immediate transmission of all card personalization information such as the cardholder’s name, account number, expiration date, CVV or CVC 2 security codes along with front and back card images. Other features include expanded camera support for photo capture and key injection security and support for contactless cards, a new rewritten Batch Input component and improved font capabilities for unembossed cards.

Details

FTC Settles an Advance Fee Lawsuit

The Federal Trade Commission has settled with NC-based Home Buyers Consulting Network for for alleged federal law violations, including illegally charging an advance fee for credit repair and falsely claiming that they can remove negative information from consumers’ credit reports, even if the information is accurate and timely. According to the complaint, consumers are led to Home Buyers Consulting Network if they need credit repair or access to zero or low down-payment home financing. In sales pitches for its credit repair services, HBCN makes claims such as: “Our program offers the ability to REPAIR, RESTORE, or ESTABLISH your credit so that you may be able to qualify for 100 % home financing, lower interest rates and better quality credit.” Before performing the promised credit repair services, HBCN’s representatives typically require advance payment of at least $99 for those services, and $399 for bundled credit repair and home-buying consulting services. They also require additional advance payments for credit repair services, typically ranging from $19 per week to $49 per month, and promise to refund all but a $99 fee if consumers do not receive the promised results, provided that the consumers work with them for a period ranging from six months to a year.

Details

MyECheck Inks Everpay Merchant Services

Alternative payment solution provider MyECheck has signed Everpay Merchant Services to enable Everpay customers to accept MyECheck for online payments. Everpay Merchant Services merchant clients can integrate software allowing their consumers to use their checking accounts as an additional form of online payment. MyECheck’s patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method. Everpay Merchant Services specializes in electronic payment processing and e-Business solutions with personalized assistance.

Details