Euronet Pulls Out of MoneyGram Negotiations

Euronet Worldwide has decided not to submit a proposal to acquire MoneyGram International. The Company says it has ceased discussions. In December, after rejecting a prior offer, KS-based Euronet made a new offer to acquire MoneyGram International in a tax-free, all-stock transaction valued at $1.65 billion. The deal represented a premium of about 43% to the closing price of MoneyGram shares on December 4th, the day Euronet made its latest offer. Earlier this month, Thomas Lee Partners and Goldman, Sachs made a $700 million+ investment into MoneyGram International. The Company also entered into an agreement with affiliates of Goldman Sachs to provide debt financing of up to $500 million, with additional $200 million to follow. (CF Library 12/13/07; 2/13/08)

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CEBIT CARD INTRO

Giesecke & Devrient (G&D) and Wirecard Bank AG have introduced the
e-business application that the organizations have jointly developed at
this year’s
CeBIT. Upon registration with the Wirecard Bank internet payment service,
consumers can use the electronic application in conjunction with a
contactless
card reader on their own computer, allowing authentication with personal
identity documents and PIN. This implementation confirms the importance of
standards for microchip-equipped cards and peripheral middleware support.
Giesecke & Devrient develops solutions and systems for payment processing,
employs nearly 8,300 people and generated a 2007 revenue of EUR1.3
billion while Wirecard AG electronic payment provider supports over 9,000
companies.

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MISYS CUSTOMER PAYMENT INITIATION

Misys has partnered with Petra Financial to launch its “Customer Payment
Initiation” through the “Touchstone” interface. With this Petra interface,
users will be allowed to capture, validate and route payment instructions
using integrated reference data, subsequently providing automatic
improvement in Straight Through Processing rates, charge backs and
efficiency. The Misys Payments aims to provide a complete integrated
payments solution for every stage of the payments transformation
lifecycle with this development. Misys banking and payment solutions are
used by more than 1,200 customer clients while the organization employs
around 4,500 people serving customers in over 120 countries.

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WINCOR NIXDORF ATM REPAIR

Wincor Nixdorf Int has partnered with FedEx to enhance its ATM and
POS repair service through the latter’s 24-hour, U.S. Kinko centers. With
this development, FedEx Kinko locations will provide Wincor Nixdorf
service technicians with parts inventory from its central Memphis,
Tennessee warehouses, intent on simplifying the process of replacement-
part shipping. Additionally, Wincor Nixdorf will maintain parts inventories
at the FedEx Kinko’s locations, which will also maintain a website for
customers to place orders and provide customer support on a 24/7 basis.

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Yodlee DirectPay Tops 300 Natl Billers

CA-based Yodlee reports that its proprietary “DirectPay” card payment network now supports over 300 national and regional billers . The 300 “DirectPay” billers represent over 40% of major U.S. billers by volume and gives consumers the opportunity to pay nearly half of their bills by card each month. Since a Yodlee “DirectPay” payment averages over $125 per bill paid, financial institutions can generate $30 or more in new interchange revenue per bill per year. With Yodlee’s extended biller coverage, a typical consumer could elect to pay between three and five bills per month with his/her card resulting in the generation of new interchange revenue of up to $150 or more per consumer per year. Yodlee “BillPay PayItAll” and Yodlee “DirectPay” are available as fully hosted, partially hosted or enterprise based solutions.

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I AM SMART CARD

e-Smart Technologies and IVI Smart Technologies have launched the
“I AM” Super Smart Card for the Samsung S1 Corporation. With the
“I AM” card, Samsung will deploy 20 million of the units, will provide
sales
and management services for credit card and EFT-POS terminal monitoring.
Moreover, the new card and “Super Smart Card” system provide an
on-card sensor for biometric ID verification across various sectors,
including government, healthcare and corporate security, while Samsung S1
provides advanced smart cards for communication services.

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ADS & IHG

Alliance Data Systems Corporation and InterContinental Hotels Group (IHG)
have signed a multi-year renewal agreement to sponsor Alliance Data’s
“Canadian AIR MILES Reward Program”. IHG has over 3,900 partner
hotels around the world for which “AIR MILES” collectors have been able
to earn reward credits toward night stays through the “IHG Priority Club”
since 1994. Nearly 70% of Canadian households participate in the “AIR
MILES Reward Program”, which is composed of participation from over 100
sponsors and can be redeemed for over 800 different rewards. With these
recent renewal agreements, consumers can depend on the sustainability of
the program. Alliance Data manages over 120 million consumer relationships
for North American companies and employs over 9,000 associates at more
than 60 locations worldwide while InterContinental Hotels Group PLC
represents over 585,000 guest rooms in nearly 100 countries.

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SCOTIABANK & MAZDA

Scotiabank’s ScotiaStar Network has partnered with Mazda Canada
to provide 5X rewards when certain purchases are made with
automobile company. These purchases include parts, service and
automobile down payments. The free ScotiaStar Network provides
Scotiabank VISA cardholders with automatic rewards, following
enrollment, for a convenient rewards solution. Scotiabank has over
60,000 employees, serving nearly 12.5 million customers across nearly
50 countries, and had $412 billion in assets for 2007 while Mazda Canada
has nationwide network of 160 dealerships.

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Loyalty and Rewards White Paper Issued

UT-based Allegiance has released a new white paper entitled “Buying Loyalty: Do Rewards Programs Translate Into Customer Engagement?” According to the paper, rewards programs can add value to the customer experience. However, by themselves, rewards programs cannot create the emotional attachment that brings true customer engagement. Engagement is built over time and comes from creating mutually beneficial relationships with customers. One of the keys to creating relationships is providing customers with direct access to company decisions makers though a feedback management system that demonstrates the company is listening to their concerns. The paper also discusses the three factors used to determine the effectiveness of rewards programs, including cost, data and program evolution. Allegiance is a provider of enterprise feedback management solutions designed to drive growth and increased profitability through improved customer loyalty, employee retention and engagement.

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CITI VODAFONE CARD

Citi and Vodafone have renewed their the partnership and have launched the “Vodafone One VISA” credit card exclusively for subscribers of the “Vodafone One” reward program. The free co-branded card combines the advantages offered by all Citi credit cards together with the possibility to accumulate one “Vodafone One” point for each 20
euros spent. Furthermore, upon activation of the card, the cardholder
receives 100 points as a welcome bonus. The card also offers several free insurance coverages: “Theft and Loss,” which protects the holder in case of fraudulent use of the card, including on-line shopping 24 hours before the complaint; “Security Purchases” covers in case of damage or theft of the goods purchased with “Citi Vodafone One VISA,” up to 90 days after the date of purchase or delivery.

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Global Cash Access Posts a Lackluster Q4

Las Vegas-based Global Cash Access reported fourth quarter revenues of $144.0 million, an increase of 1.5% over 4Q/06. Net income in the fourth quarter was $0.7 million, down 86.8% from the fourth quarter of 2006. Included within operating expense in the fourth quarter is $4.3 million of costs associated with the internal investigation conducted by the Audit Committee of the Board of Directors, $7.9 million of costs associated with the accelerated vesting of stock options and restricted stock of former executives, and $0.8 million of cash based severance for terminated executives. Cash advance revenues were up 1.4%, to $76.0 million. ATM revenues were flat from 2006 at $56.5 million. Check services revenues were $8.2 million, an increase of 12.1%. For complete details on GCA’s latest performance visit CardData ([www.carddata.com][1]).

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

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