Harris Introduces a Corporate MasterCard

Harris has introduced its “Corporate MasterCard” targeting $10 million-$250 million annual revenue businesses. The new card product has been designed to grow with its business client’s revenues and provides cost-saving advantages over a technology platform to facilitate administrative functions. Additionally, the new services will be available 24/7 through Harris’ Online services, which includes account information reporting and card program management. Harris integrated financial services provides over 1 million customers financial products and service through more than 230 branches and its nearly 600 ATMs throughout the USA.

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HID & DEMOTELLER

HID Global and DemoTeller Systems have partnered for the distribution
and instant issuance of HID’s non-embossed financial cards at financial
institutions. This allows the account holders to use the card immediately
after opening an account with DemoTeller’s “TRISM software”, which
provides application host and client modules, and HID’s “Fargo HDPii”
instant issuance flat card printer. Implementing Fargo’s patented “High
Definition Printing” (HDP) technology, cards can be produced, on-site,
at the bank branch. HID Global provides Secure Identity solutions, has
over 2,000 employees and customers in more than 100 countries while
DemoTeller Systems has deployed over 30,000 PIN Selection and
Instant Issue devices around the world.

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California CU Offers Card Personalization

CA-based Wescom Credit Union announced the addition of “IMAGINE THAT! Picture Card Program” feature to its credit cards and check cards. Wescom Members can design their credit cards and check cards by uploading a photo through eBranch, the credit union’s online banking platform. They can also choose from an extensive gallery of images. Once the member’s photo is approved, the card is mailed to the member in seven to 10 days. The $9.95 fee is waived for Wescom Signature Members’ first IMAGINE THAT! credit card and check card.

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BASE24 & PROACTIVE RISK MANAGER

Simba Technology has implemented ACI Worldwide’s “BASE24” and “Proactive
Risk Manager” to provide banks and customers with e-payment services
across
eastern Africa. Simba will be hosting the electronic payments hub for
various banks that have not yet implemented a card payment solution,
providing payment card issuance, card account management, ATM and POS
terminal driving, transaction acquiring, and fraud monitoring. These banks
are thus given an opportunity to access proven infrastructure to support
their early card payment programs without the need for significant,
initial investment. Simba provides banking products and services for the
industry and employs 160 while ACI Worldwide solutions provide electronic
payment processing for over 800 clients in 86 countries.

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SLIM CD Offers New Software Versions

POS software developer SILM CD has released the newest versions of “SLIM CD Pro” and “SLIM CD Enterprise Edition” multi-user and multi-merchant capabilities for card processing. The SLIM CD batch software supports sending credit card transactions to most major US credit card processors, including First Data, Nova, TSYS, Global Payments, Chase/Paymentech, Heartland, Fifth Third, and RBS Lynk. SLIM CD, Inc is a wholly owned subsidiary of Online Commerce and specializes in credit card processing software development for the desktop and the Internet.

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DECISION MANAGEMENT

Fair Isaac has signed agreements with Adeptra for the deployment of
the latter’s auto resolution with the former’s decision management
solutions for the detection of fraud. The combined deployment provides
clients with automated customer contact capabilities, which reduce costs
associated with customer contact center operations, through channels
such as voice, email, SMS (Short Message Service), fax, and pagers for
whatever reason fraud was suspected. This bank service is available
immediately to Fair Isaac customers and takes advantage of standard
application programming interfaces between the companies’ data systems
and applications for fast implementation.

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CompUSA & TigerDirect to Accept PayPal

FL-based CompUSA will now be accepting PayPal payment service for purchases made over its website in addition to its partner organization, TigerDirect. In conjunction with this development, CompUSA is promoting the new partnership by offering $20 cash-back to shoppers who use the new payment option on purchases over $200. Highlighted with its ease of use, convenience and high security, PayPal allows for payment through various methods and ensures the consumer?s financial information is never shared with merchants. CompUSA is composed of Systemax Inc subsidiaries providing businesses and consumers with computer products and services while the PayPal payment service allows anyone to pay without sharing financial information through its more than 141 million accounts in nearly 190 markets around the world.

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Credit Manager’s Index Collapses in March

For the first time since the seasonally adjusted Credit Manager’s Index was calculated in February 2002, the March 2008 combined index has fallen below the crucial 50 level, indicating an economic contraction. It was the sixth decline in seven months, and a record six of 10 components fell. The service sector fell below 50 for the second consecutive month, while the manufacturing sector tied a record low of 51.0. On a seasonally adjusted basis over the past 12 months, all 10 components in the combined Credit Manager’s Index have fallen, driving the index down 4.6%.

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MoreMagic Solutions Introduces the MWallet

Mobile payment platform provider MoreMagic solutions has rolled out “MWallet” mobile cash. Using a mobile handset, POS device, or web interface, the dealer registers the customer and creates the MWallet. Funds can be used in numerous ways, e.g., as a gift or repayment to another person, to pay a bill, purchase a product or service, pay for parking, or convert to airtime. The subscriber chooses how to get funds into the MWallet, with cash, salary transfers, credit cards, bank accounts, or loyalty programs via the internet, or at a dealer location.

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