WI-based Guaranty Bank has extended its participation in the PULSE ATM/debit network through an exclusive, long-term participation agreement with PULSE. Under terms of the new agreement, Guaranty Bank will utilize PULSE exclusively for PIN debit transactions at the point of sale. The bank also uses PULSE for ATM transactions and gateway services. Guaranty operates more than 175 branches in Wisconsin, Illinois, Michigan, Minnesota and Georgia, and has more than 300 ATMs. The bank has been a PULSE participant since 1996.Details
Alphyra UK payment processor has announced its decision to implement
Systech’s “IPG-7010 dial-to-IP” broadband terminal adapter. With this
device, existing Alphyra dial-based terminals will be allowed to
communicate and process transactions over a broadband connection,
compromising the need for phone lines. This will save the company capital
on terminal upgrades and phone line service costs. Moreover, the
“IPG-7010 dial-to-IP” converts the dial port on the terminal to IP,
only encrypted information on the broadband connection. Systech provides
over 350,000 networking devices and server/Internet payment solutions
for electronic transactions.
TransUnion has launched a new solution to assist medium-size debt buyers and agencies with collecting on their debts arising from credit transactions. Using a predefined set of highly predictive triggers tailored for collections, the “Triggers for Collections” solution continually monitors consumer data, alerting users to key changes in contact and credit information as soon as the next day. Some of the key triggers include new mortgage accounts, new credit card accounts and any address changes. Additionally, it helps reprioritize accounts to increase the return on the dollar invested from these collection activities.Details
Amex Bank of Canada and the “AIR MILES Reward Program” have launched the “AmEx AIR MILES Platinum” card. Under the new program,
“AIR MILES” cardholders earn one “AIR MILES” reward mile for every $10 in purchases charged to the card, plus they can earn one “AIR MILES” reward mile for every $15 in purchases charged to the card everywhere else. The annual fee for the new card is $50. New cardholders will receive 250 bonus reward miles the first time they use the card. Existing “American Express AIR MILES” cardholders can choose to upgrade to the “Platinum” card for a 250 reward miles reward. The new “AmEx AIR MILES Platinum” card will be supported with an extensive national marketing campaign, including television and print advertisements, direct mail and online media.
FL-based Revolution Money, founded by former AOL CEO Steve Case, has landed its first processor relationship. The “RevolutionCard” will now be accepted by Fifth Third Processing Solutions’ merchant customers across the USA, via its “Jeanie” network. Under the agreement, Fifth Third Processing Solutions will provide gateway processing services that will enable other merchants and ATM processors to connect to the new product. “RevolutionCard” is the first PIN-based credit card. Launched last year, Revolution Money was created to provide an interchange-free payment platform through two products, “RevolutionCard” and “Revolution MoneyExchange.”Details
Equifax, CRISIL and Tata are seeking approval from the Reserve Bank
of India to deploy a consumer credit company. Upon regulatory approval
from RBI, the joint operation is being proposed in response to RBI
application requests to provide a countrywide credit research and reporting
solution. Equifax information solutions provides commercial data, analytics
and technology for organizations in 14 countries around the world, CRISIL
provides ratings, research, risk and policy advisory across India and Tata
Capital Limited is among the country’s largest business conglomerates.
CRISIL Research shows the retail Indian finance market will expand
at 20% per annum over the next 5 years, subsequent to consumer credit demand
increasing from 54% in 2001-02 to 74% in 2009-10. Equifax had
a 2007 revenue of US$1.84 billion, CRISIL had 2006 revenues of US$62.9
million and Tata had 2006-07 revenue of over US$ 29 billion.
Atlanta-based Equifax posted fourth quarter revenues of $491 million, a gain of 26% year-on-year. Online Consumer Information Solutions revenue was $151 million, up 2%; Mortgage Reporting Solutions revenue was $13 million, down 15%; Credit Marketing Services revenue was down 16% to $37 million; and Direct Marketing Services declined 3% to $28 million. North America Personal Solutions revenue rose to $38 million, a 21% increase from 4Q/06. Equifax expects consolidated annual revenue growth to be between 9% and 12%. For complete details on Equifax’s latest results visit CardData ([www.carddata.com]).
The SHAZAM network, which operates the seventh largest U.S. EFT network, has expanded its use of GoldenGate solutions through an enterprise license agreement. SHAZAM says its choice of GoldenGate was the solutions’ support for heterogeneous databases. SHAZAM’s environment requires capturing, transforming and moving large volumes of data in real-time between IBM DB2, Oracle, HP NonStop, and Microsoft SQL, as well as making fresh data available to business intelligence tools. The SHAZAM network processes millions of transactions per day, and supports more than 10,000 merchants in 42 states and nearly 1,600 financial institutions in 30 states.Details
Hawaiian Airlines and Vesdia have inked a multi-year service agreement to enhance the “HawaiianMiles” frequent flier program. Vesdia will now manage and expand the existing “HawaiianMiles” merchant-funded reward program to offer members greater opportunities to earn “HawaiianMiles” when they purchase everyday goods and services. The Hawaiian Airlines merchant-funded rewards program from Vesdia provides “HawaiianMiles” members with an enhanced online shopping experience and additional mileage earning opportunities through new merchant channels including national catalog retailers and the expansion of local and national brick & mortar merchants located throughout the country.Details
Bankart ATM will be deploying GoldenGate data integration solutions
to improve ATM availability and card payment processing services. With
these agreements, Bankart will be deploying the solutions to enable its
-ÂÂActive/Active’ systems over HP NonStop servers, providing real-time
updates to maintain consistency and security of data in the event of a
power failure. Bankart, owned by various Slovenian banks, oversees its
ATM network and network of 14,351 POS terminals while GoldenGate
Software provides over 400 customers worldwide with high availability,
disaster tolerance and real-time data integration.
TN-based Comdata has established a merchant acquiring agreement to accept Discover Network card transactions. By adding Discover Network card acceptance to its suite of processing solutions, Comdata Processing Systems will provide an additional revenue stream for its sales channels, thus creating an additional competitive advantage. Comdata merchants will have a single-source payment solution with a single monthly merchant statement as well as one financial settlement through Comdata’s merchant accounting system. Comdata expects to begin processing the Discover transactions in the second quarter of 2008.Details