ZEBRA EXEC

Zebra Card Printer desktop card printer solutions has appointed
Wael Hasan as Middle East Channel Manager for which he will lead
business development efforts across the region in support of its plastic
card printers from the Dubai offices. This development was due in part
to the organization’s recent growth, paired with Wael’s experience in the
industry at such companies as Emitac, Exceed IT Services and
SEDCO. Zebra Card Printer Solutions, a division of Zebra Technologies
Corporation, delivers on-demand printing solutions in 100 countries
around the world to various sectors over range of applications.

Details

SINGAPORE SMART CARD MARKET

According to Frost & Sullivan research, APAC Integrated Smart Cards
and Biometrics Markets, the smart card market in the southeast Asian
market, which was worth $249.1 million in 2007, is expected to reach
$822.2 million by 2013 due to heavy expansion of projects in national
ID/e-passport programs. Further reflecting rapid growth in this market,
the rate of expansion in 2006 was 55.2 %. APAC Integrated Smart
Cards and Biometrics Markets provides subscription-based research
services while Frost & Sullivan Consulting Company provides corporate
clients with solutions to accelerate growth and has partnered with Global
1000 companies through its more than 30 offices around the world.

Details

MICROS & PLANET PAYMENT

MICROS Retail Solutions and Planet Payment multi-
currency payment and data processor have
partnered to launch an end-to-end integrated payment solution. With this,
the solution establishes an integration between the MICROS Payment
Gateway and Planet Payment’s card transaction processing platform to
its acquiring banks and processors, allowing merchants to link card
terminals
and processing to management systems. Moreover, MICROS has modified
its POS applications to support the organization’s multi-currency
processing
solution and “Best Rate Guarantee”. Planet Payment payment and data
processor provides data reporting/management and integrated payment
solution support to merchants across the world while MICROS Systems
provides enterprise applications
to 310,000 service and retail operations across more than 130 countries.

Details

Citi Expands its Thank You Points Program

Citibank has rolled out a new points program to reward customers 40,000 “Thank You” points when they establish money market and checking accounts and perform specific banking activities. From February 25 through March 31, 2008, new and existing Citibank customers can receive “ThankYou Points” when they deposit $25,000 in a new or existing money market account; open a new qualifying Citibank checking account with a minimum deposit of $1,000, enroll it in “ThankYou Network” and make one direct deposit to or two electronic bill payments from the checking account each month for three consecutive months. Customers will then get up to 40,000 “ThankYou Points”, redeemable for up to two round-trip airline tickets to anywhere in the continental U.S., valued at up to $400 each, or any other reward available via ThankYou Network. Checking customers who are enrolled in the “ThankYou Network” can continue to receive Points every month for qualifying everyday banking activities. Citibank’s “ThankYou Network” is a no-fee rewards program that allows members to accumulate points from a growing network of relationships, and pool points into one “ThankYou Member Account”.

Details

GCC INTEGRATION CENTER

Thales international electronics and systems has opened a GCC integration
center to employ over 100 across the region. With this newly-established
center, Thales’ will have a more profound presence in Security Solutions &
Services in ground transportation, security, communication systems and
citizen
ID projects throughout EMEA. For the GCC, the organization employs
600 for system integration and has partnerships in ministries of transport,
ministries of interior and armed forces. Providing international
electronics and
systems, Thales focuses on the security of people, property and nations,
employing a total of 68,000 across 50 countries with a 2007 revenue of 12.3
billion.

Details

DEC DEBT

Credit card debt climbed again in December setting a new record of A$42.7 billion. Credit card volume also set a new high of A$19.2 billion after hitting a record in October. Year-on-year credit card debt has increased 9.5%, compared to December 2006. Card volume is up 12.3% compared to one-year ago. Credit card limits also reached a new high at A$114.4 billion, marking the 16th consecutive month of A$100+ billion. According to the Reserve Bank of Australia there are currently 13.9 million credit card and charge card accounts in Australia, compared to 13.2 million one-year ago.

Details

TRM Expands its Board of Directors

ATM provider TRM announced that Ethan S. Buyon, currently Managing Director at Citi Markets and Banking, will serve on the Company’s Board of Directors. Buyon has also been the interim Chief Operating Officer for Citi Residential Lending since September 2007. Before joining Citi Markets and Banking, Mr. Buyon served as a Managing Director of CRP Partners and its processor firm The Recovery Group from October 2003 to February 2008.

Details

BankAtlantic Renews Barclays Card Deal

FL-based BankAtlantic has extending its co-branded credit card agreement with Barclaycard US. As part of the agent bank agreement, Barclaycard will continue to provide BankAtlantic customers with a broad range of consumer, small business and student credit cards — branded under the BankAtlantic name. In addition, BankAtlantic checking account customers will be able to link an overdraft protection line to their BankAtlantic credit card.

Details

Business Lending to Pick Up in 2008

A new report says that global commercial and small business lending balances increased dramatically last year. TowerGroup says it expects to see continued growth this year for business lending, driven most notably by emerging economies and by lenders targeting small and medium enterprises or middle-market firms. Business lending sectors that have been hit hardest by the consumer credit crunch include construction, land development, and commercial real estate, with a marked slow-down in growth. Growth in commercial real estate and construction loans declined more than 60% in the first nine months of 2007. For 2008, TowerGroup expects that some businesses will face a tougher time refinancing existing short-term debt because of uncertainty over cash flows in a weakening economy. As a result, financial institutions will see increased use of pre-existing commercial lines of credit.

Details

Wells Intros Foreign Exchange Online Service

Wells Fargo is now servicing small businesses with its “Foreign Exchange Online Service” designed to send and receive international currency via the Internet. The service allows businesses to send and receive foreign currency wires in more than 90 currencies. A number of other international Wells Fargo business services are available, including the ability to order foreign currency online, insights from a new international “Money Tips Database” that includes currency information and travel tips for 60 countries and access to a new “Foreign Trade Glossary” to help small business owners understand commonly used international trading terms. Wells Fargo & Company is a diversified financial services company with $575 billion in assets.

Details

Paymetric Releases XiPayNet

Houston-based Paymetric has released “XiPayNet,” an on-demand web-based service for accepting, managing and integrating credit card transactions in enterprise resource planning systems, such as SAP. “XiPayNet” provides a single, on-demand platform for aggregating credit card payments across multiple payment origination systems, such as SAP, order-entry systems, CRM applications, and Web stores, enabling companies to dramatically reduce the cost of card acceptance. “XiPayNet” also enables secure payments to flow directly from an organization’s on-premise enterprise system, through the secure “XiPayNet” service at Paymetric’s PCI-certified data center, to a multitude of card processors or banks.

Details

ABS Payment Rates Head South in December

Monthly payment rates, the amount that cardholders pay on their credit card debt, abruptly headed south in December. After hovering between 20% and 21% for most of this year, the MPR dropped 122 basis points between November and December. Among credit card-backed securities, the MPR declined to 19.09% in December after rising to 20.99% in September and 20.31% in November. The MPR has remained fairly stable in the first three quarters of 2007 and remains consistent with historical levels since the new FFIEC minimum payment rules went into effect in 2005. According to FitchRatings, the gross yield increased in December to 19.92% from 19.44% in November and was up 196 bps above year-ago levels. Fitch says gross yield in 2007 is significantly higher than 2006.

ABS METRICS
YIELD MPR
Dec 06: 17.78% 19.32%
Jan 07: 18.28% 19.27%
Feb 07: 17.70% 20.80%
Mar 07: 18.21% 18.76%
Apr 07: 19.23% 21.09%
May 07: 18.23% 19.58%
Jun 07: 18.94% 20.17%
Jul 07: 18.46% 20.46%
Aug 07: 19.27% 20.88%
Sep 07: 19.61% 20.99%
Oct 07: 18.83% 19.09%
Nov 07: 19.44% 20.31%
Dec 07: 19.92% 19.09%
Source: FitchRatings

Details