Moneris & Discover Network Cut a Deal

IL-based Moneris payment processing has signed merchant acquiring agreements with Discover and will offer Discover Network card acceptance to merchants. With this, Moneris and their BIN-sponsored ISOs are to provide processing services for Discover Network acceptance to merchants offering a broader range of payment options at the point-of-sale and serving as a consolidator of processing, settlement, risk management, pricing and customer service for merchant accounts. Additionally resulting from these agreements, merchants are no longer required to sign up separately with Discover. Moneris Solutions provides transaction-processing services through banks and serves over 350,000 North American merchants while Discover Financial Services is a U.S. credit card issuer and electronic payment services company that was established in 1986.

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Unified Grocers Adopts MegaPath SSL

IP data provider MegaPath’s “Retail Site SSL” and “Managed Security Services” has been implemented by the 220 members and customers of grocery distributor Unified Grocers. Retail members and customers of Unified Grocers can easily and cost-effectively manage operations remotely, accessing point of sale (POS) systems, servers and back office PCs, as well as performing routine application maintenance and troubleshooting activities. The Retail Site SSL service provides members with a specialized Web portal that is integrated with MegaPath’s Operational Support Systems, which authenticates and grants users access to their specific stores, preventing unauthorized users from accessing these locations. In addition, the MegaPath Managed Security service protects Unified Grocers’ members’ credit card data, business information and systems. MegaPath Retail Site SSL delivers strong authentication and helps ensure that business owners remain PCI compliant.

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Teach Children to Save Day Draws Support

More than 12,000 bankers will take part in the 12th annual “Teach Children to Save Day”. TCTS was started by the ABA Education Foundation in 1997. Since then,more than 45,000 bankers have taught savings skills to nearly 2.3 million students through the program. The ABA Education Foundation encourages parents to make saving a priority by opening a savings account for their child and discussing the family budget and savings plan.

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AmEx Unveils a New DeGeneres TV Spot

American Express has rolled out its newest “Are you a Cardmember” commercial featuring Ellen DeGeneres and Beyoncé. In the comedic spot, Ellen searches for her ‘people’ after Beyoncé encourages Ellen to “have your people call my people” to get tickets to her upcoming concert. In addition to the television spot, two print advertisements, shot by legendary photographer Annie Leibovitz, portray Ellen as a ventriloquist and a “one man band,” capture her personal feelings about entertainment that are central to her life. The new television spot and print advertisements will debut in major broadcast outlets and weekly magazines the week of April 28.

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CashEdge Deploys Ensim Unify Enterprise

Management software provider Ensim has announced that CashEdge has implemented the Ensim “Unify Enterprise Edition to secure and automate its Active Directory servers. Unify streamlines the day-to-day provisioning, configuring, and management of CashEdge’s more than 400 employees, who are located throughout multiple offices worldwide. Additionally, it alleviates the ongoing security challenges that have developed from the company’s rapid growth, including user provisioning and de-provisioning, password reset requests and Active Directory maintenance processes. Unify’s AD and Password Managers enable its IT to easily automate provisioning and access control, while allowing employees to self manage basic tasks. CashEdge provides online financial applications to banks, credit unions and wealth management firms.

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Metavante Technologies Q1 Revenues Rise 10%

Metavante Technologies reported first quarter revenue of $424.6 million, up 10% from 1Q/07. Segment operating income for the first quarter was $119.3 million, an increase of 16%. Metavante’s Payment Solutions Group posted first quarter revenue of $260.6 million, an increase of 11% year-on-year. Metavante’s Financial Solutions Group reported first quarter revenue of $164.0 million, an increase of 8%. Segment operating income for the first quarter was $37.2 million compared to $38.7 million in the first quarter of 2007. The decline in operating margin was due to increased investments in product develop. For complete details on Metavante’s latest performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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TSYS’ 1Q/08 Revenues Jump 8% Over 1Q/07

TSYS reported first quarter revenues of $462 million, operating income of $87 million, net income of $57 million. Total revenues increased 8% over the same period in 2007. During the first quarter * TSYS announced the renewal of a long-term agreement with Target, to service its “REDcard” portfolio. The multi-year agreement will include systems processing for “Target VISA Credit Card,” “Target Credit Card,” “Target Check Card” and the “Target Business Card.”. Target began working with TSYS in 2000 for the launch of its VISA product. TSYS began supporting the Target “Credit Card” portfolio in 2005. For complete details on TSYS’ latest performance visit CardData (www.carddata.com)

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CPI Card Group Exec Gets ACE Certification

CPI Card Group’s Guy Meeker, Director of Card Manufacturing, has been awarded ACE certification for his knowledge of card manufacturing processes. The ACE designation is only awarded to individuals who demonstrate a broad and detailed knowledge of card manufacturing processes by successfully completing a rigorous exam. ACE accreditation validates expertise and distinguishes employees as motivated experts in the card manufacturing industry. Applicants must be working for an ICMA member company and have a minimum of three years’ industry experience. The ACE Examination evaluates the skills and knowledge of card manufacturing professionals and is comprised of eight key sections that candidates must have detailed knowledge of which include: PVC/Plastics, Inks, Adhesives, Printing, Collation, Lamination, Die-cutting and Standards/Testing. Those who pass the exam show a minimum proficiency in all eight areas. CPI offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards.

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Net Auction to Offer Vana Blue’s smsComet

AZ-based Vana Blue payment provider has signed agreements with Net Auction Plus auction site to provide online, flexible payment services. The newly developed auction site has over 200 power sellers from eBay, will be available to consumers by May of 2008 and will be deploying Vana Blue’s “smsComet” payment system. Driven by its targeted customer base, Net Auction Plus provides users with low cost, multi-stage/multi-product suite of products/services under the umbrella of the TMS Corporation with the “The Compass Pre Paid Card”, “The SMS Comet Mobile Wallet/Card System” and “The eWallet Plus On-line Payment Portal.” Additionally, to promote the new website, the first 5,000 shoppers will be eligible to receive a free “smsComet” card.

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The OCC and Wachovia Reach a Consumer Settlement

The Office of the Comptroller of the Currency has ordered Wachovia Bank pay restitution to all consumers effected by its relations with telemarketing organizations and payment processors, to contribute $8.9 million to consumer education programs and to pay $10 million in civil money penalties to the U.S. Treasury. Having profited through fees collected on remotely created checks(RCC) by telemarketers and payment processors for questionable products and services such as grant writing kits, identity theft certificates, medical discount plans and vouchers for discount travel/groceries, Wachovia is to forfeit the generated revenue, plus $5 million to fund elderly consumer education programs, is required to develop new RCC policies and make restitution to consumers who file claims certifying funds were withdrawn without their authorization.

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First Data to Acquire Prepaid Specialist InComm

First Data has reached an agreement to acquire InComm. The Company is one of the U.S.’s largest distributors of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm had over $300 million in 2007 net revenues and almost $8 billion in retail sales transactions processed in 2007. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand. Specific terms and conditions of the agreement were not disclosed, but the transaction is expected to be accretive to First Data.

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