CCX Selects CPI Card Group for Membership

Card manufacturer CPI Card Group is an Associate Member of the Chicago Climate Exchange and its Colorado plant is Carbon Neutral. CPI purchases 100% wind electricity. Other green initiatives at CPI Card Group include promoting more environmentally friendly products such as biodegradable card stock. CPI is involved with recycling materials used in the manufacturing process, printing with UV inks that are not solvent based and use water-based silkscreen inks that do not generate VOCs. CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument contracts. Chicago Climate Exchange is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CPI offers a single source for plastic cards from foil cards and holograms, to translucent and smart cards.

Details

ZAO CITIBANK AWARD

The European Banking Technology magazine has named ZAO Citibank
as the “Best Straight-Through Processing” bank, recognizing the
organization’s exceptional ATM/cash processing rate. Specifically, the
organization is recognizing Citi’s ATM processing for Instant Cash-In
Machines (CIM) and the ability to instantly book the cash deposited.
Moreover, with this recognition, the solution evidently met criteria that
reflected success in getting customers to use the service, customer
expansion and has demonstrated growth in tangible benefits. This was
decided on by a panel of experts in the industry. Citibank ZAO employs
over 3,500, has a $5+ billion balance sheet with distribution network of
over 60 branches and 300 ATM’s in six cities throughout Russia while
Citi has some 200 million customer accounts throughout more than 100
countries.

Details

Consumer Confidence Stabilizes in December

A monthly barometer has found that consumer sentiment remained low, but stable in December, following a significant drop in November. RBC Financial Group says its research shows that Americans’ expectations for future prospects and their confidence in jobs improved slightly this month, but their evaluations about current conditions and investments continued to decline. The composite “RBC CASH Index” for December 2007 stands at 65.9, compared to 64.0 in November. The “RBC Expectations Index” for December rose 12 points from negative territory. The “RBC Current Conditions Index” slipped again this month reaching 85.3, down 5 points from November’s 90.3 level, and down more than 15 points from October when it stood at 101.1. The “RBC Jobs Index” registered a small gain this month, reaching 113.9, compared to 111.8 in November. The “RBC Investment Index” was down another four points to 79.7, compared to 83.4 last month.

RBC INDEX HISTORICAL
Dec 06: 86.9
Jan 07: 95.3
Feb 07: 103.0
Mar 07: 92.3
Apr 07: 85.4
May 07: 87.1
Jun 07: 81.4
Jul 07: 76.1
Aug 07: 89.3
Sep 07: 71.1
Oct 07: 80.6
Nov 07: 64.0
Dec 07: 65.9
Source: RBC Financial Group

Details

MOBILE WALLET

Indian banks and M-commerce solution providers have designed a
“Mobile Wallet” solution to provide consumers with enhanced security
when conducting mobile phone transactions. This solution has been
developed as an alternative to the security risks posed with SMS
transaction services with a JAVA based downloadable application.
This application can be used on a GPRS enabled phone that contains
the customer’s account information and allows for payment or
transaction initiation only through PIN verification. The “Mobile Wallet”
is projected to be a popular commodity in the coming months given that
there is currently 33 million GPRS-enabled mobile phones across India,
nearly 3 times as many Internet users.

Details

EBAY & YAHOO

eBay has returned to the Japanese market after 5 years in its newly
formed partnership with Yahoo Japan. These agreements
stipulate terms of cross border trade among the two organizations
and allow Yahoo visitors to bid on eBay items. These developments
have culminated in the collaborative website managed by Shop Airlines,
“Sekaimon.com”, to make eBay inventory available in the Japanese
language. This is an avenue eBay sees as an opportunity to enforce and
expand its Asian presence and is looking forward to prospective similar
agreements with local partner sites. Shop Airlines will provide for the
website translation to Japanese, oversee shipping, payments and customs
operations, eBay will supply the merchandise and Yahoo Japan will,
ideally, channel its users to bid on “Sekaimon.com”.

Details

PAX SP30

Pax Technology’s “SP30” PIN Pad has received PCI-PED
certification, replacing its predecessor, the “PP20” terminal. The new
device is powered by the USIP Innova Card microtroller and allows
for a security enhancing USB-wired connection to POS terminals. The
“SP30” has received EMV 1 & 2 certifications, PBOC accreditation,
supports M-Stripe transactions, M-Chip transactions and 14443 A/B
interfaces. The terminal operates on a 32-bit Flash microcontroller, a
random number generator and a memory controller for the provision of
encryption and security. Experts from both organizations expect this to
result in an extended partnership over the coming years.

Details

ADVANTEX & RAPIDADVANCE

Advantex and RapidAdvance have announced the recent completion of
their sales and marketing agreements. The multi-year agreement with
RapidAdvance holds that Advantex will operate as the organization’s agent
for the sales and marketing of working-capital financing programs across
Canada. Subsequently, this is projected to complement core business
operations of RapidAdvance’s financial performance and afford Advantex
commission and residual fees on both customers gained and customer
renewals. Moreover, RapidAdvance provides merchant cash advances to
small and mid-sized business owners and has seen U.S. renewal rates of
85% while Advantex marketing provides over 700 merchants with its
services.

Details

GBM & DIEBOLD

General Business Machines and Diebold are intending to ink
collaborative agreements by 2008 to provide consumers in Central
America and the Caribbean with Diebold solutions through GBM
ATMs. With this, Diebold will purchase a major share of the GBM ATM
business, providing self-service and security products combined with
the GBM knowledge of the market. This collaboration will be known as
“Diebold Central America”, be based in San Jose, Costa Rica and employ
nearly 50 under the direction of Jose Ardon. GBM has a presence in 9
Central American countries while Diebold employs more than 15,000 with
operations in nearly 90 countries.

Details

INDIAN BANK & NCR

Indian Bank has partnered with NCR for the deployment of its e-ticket
kiosk and 500th ATM. The NCR “Personas ATMs” will be implemented
at 156 locations, 51 of which will be located in railway stations, and is
part of the bank’s ‘portable ATM center’ objective. This ‘portable’
objective
is a preferred option by Indian banks because of faster roll-outs and
deployment that is supportive of ‘Inclusion Banking’ (expansion to new
customers).

Details

BHS & PREPAY TECHNOLOGIES

Supported by PrePay Technologies solutions, Bhs has launched its Bhs
gift card for distribution both online and in stores. Loadable in any
denomination from GBP1 to GBP300, the new cards are available with
various designs including the “Christmas Card”, “Tammy Card” and
“Wedding Card” designs. The companies have partnered on this joint
project in the hopes of ultimately designing a marketing tool that increases
brand awareness.

Details

Metavante Inks a Discover Merchant Deal

Metavante has inked an agreement to offer its merchant clients full-service processing for all Discover Network card transactions. Metavante joins a growing list of recent processing/acquiring deals for Discover in the U.S. market. Last month Global Payments activated the first of its ISOs relationships to acquire Discover Network merchants. GPN anticipates finalization of its entire merchant portfolio including its ISO channel by the third quarter of next year. Last month GPN completed the integration of Discover Network card transaction processing and support services for the majority of its merchants. In October, TSYS inked an issuer processor agreement with Discover to begin processing prepaid and credit card transactions on the Discover Network. In September, Chase Paymentech began integrating the Discover Network into the merchant boarding process as the first step towards full integration and expects to rollout the full processing package to its existing merchant customers starting early next year. In December 2006, RBS Lynk completed integration and roll-out of direct Discover Network card processing. Also last year, First National Merchant Solutions agreed to offer its customers Discover card acquiring services.Additionally, U.S. Bancorp’s NOVA Information Systems signed a merchant acquiring agreement to add Discover Network card acceptance. (CF Library 10/10/06; 12/5/06; 12/18/06; 9/20/07; 10/9/07; 10/18/07; 11/27/07)

Details