Processor DCI Lands Two Sales Executives

Stanford FCU, the third fastest growing credit union in California, has joined the Allpoint Network. The surcharge-free ATM network has 3,600 surcharge-free ATMs in California and 32,000 nationwide. Target, Chevron and Safeway offer Allpoint ATMs. Allpoint is a division of Cardtronics. Stanford FCU has more than 47,000 members. In August, First Data’s “STAR Network” surcharge-free service linked-up with Cardtronic’s “Allpoint Network. (CF Library 8/21/07)

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PERMANENT TSB & SERVERSIDE

Permanent TSB has signed agreements with the Serverside Group
to provide its customers with card customization. The customization
allows cardholders to personalize their plastic with images from
various photo galleries. These photos can be enlarged, altered and
moved for a card design to the customers liking and, until the New
Year, is free of charge. After December 31st, 2007, the fee for the
service will be EUR10 per card. The Serverside Group’s 2 major
products include the web-based card-customization solution,
“AllAboutMe”, and the web-based card campaign manager that allows
card-printing on demand, “Virtual Portfolio”. Serverside has 52 clients
in 19 countries with 200 card programs.

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Corporate Rewards Gift Cards are Introduced

GiftCertificates.com has expanded its line of prepaid gift cards to include corporate rewards cards. The new “GiftCertificates.com Rewards MasterCard” can be ordered in three formats. The first format allows the purchaser to choose a standard card design with customized messaging and a company logo co-branded on the card. Another option will give purchasers a standard card design with messaging options. The third offers a holiday-themed card. The new corporate card is issued by SD-based BankFirst. Earlier this month, GiftCertificates.com announced it is offering a co-branded “GiftCertificates.com MasterCard Gift Card” via Marshall Bank. (CF Library 11/7/07)

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SEPT DEBT

Credit card debt climbed again in September setting a new record of A$41.2 billion. However, credit card volume dropped $1.9 billion from the prior month and is growing at slightly more than 5% year-over-year. Credit card debt rose 11%, compared to September 2006. Credit card limits also reached a new high at A$111.6 billion, marking the 13th consecutive month of A$100+ billion. Card volume was A$16.2 billion during September, compared to a previous record of A$18.1 billion set in August, according to the Reserve Bank of Australia. One-year ago credit card debt stood at A$37.2 billion. There are currently 13.8 million credit card and charge card accounts in Australia, compared to 13.1 million one-year ago.

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USA Technologies 3Q/07 Revenues Soar 67%

PA-based USA Technologies reported record revenue for the third calendar quarter of $3.4 million, an increase of 67% over 3Q/06. However, gross profit dropped 16% to $0.5 million. The Company says gross profit was impacted by its initiative to sell the “e-Port G-6” to MasterCard at reduced margins to help accelerate adoption of cashless vending in the market. During the latest quarter, USAT’s “e-Port” revenue was approximately $2.3 million, a gain of 156% versus the year ago quarter. During the quarter ended September 30th, the Company processed 1.8 million transactions totaling $7.3 million as compared to approximately 650,000 transactions totaling over $4.3 million during 3Q/06. As of today, the Company’s installed base has reached 24,000 cashless terminals consisting of approximately 17,500 “e-Port,” 1,300 “Business Express,” and 5,200 “e-Suds” terminals. For complete details on USA Technologies latest performance visit CardData ([www.carddata.com][1]).

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

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MCB VISA

MCB has launched its 11th VISA card across Pakistan in the city of
Gujranwala targeting the exponentially growing business population.
The card provides customers with its “i-party”, “i-revolve”, and “i-insure” features
to attract the desired market of consumers, a measure that is fundamental
to the banks’ plans for expansion throughout the country. MCB operates
through over 1000 branches, has over 4.5 million customers and an
expansive ATM network.

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Holiday Payment Card Purchase Volume Up 10%

Americans will likely use general purpose credit/debit cards and store credit cards to charge more than $148 billion in retail sales this holiday season. While overall spending via all payment means is expected to rise between 4.0% and 5.0%, the figure for payments cards will increase about 10.0% above last year. For the 2006 holiday shopping season, holiday purchases on general purpose credit/debit cards and store credit cards increased more than 12%. Signature debit card use is expected to increase by more than 16%, while store credit cards will be up about 8.5%. Credit card volume is running about 8% above last year. Consumers will likely rack up more than $92 billion in holiday sales on VISA, MasterCard, American Express and Discover credit cards. The National Retail Federation says total holiday retail sales are expected to increase 4.0% this year to $474.5 billion.

Holiday Card Volume
(five weeks ending 12/25)
2005 2006 2007 Y/Y Gain
Credit: $ 77.1 b $ 85.6 b $ 92.2 b + 7.7%
Debit: $ 28.2 b $ 35.3 b $ 41.0 b +16.2%
Store: $ 14.7 b $ 13.9 b $ 15.1 b + 8.5%
TOTAL $120.0 b $134.8 b $148.3 b +10.0%
Source: CardData (www.carddata.com)

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IEM MASTERCARD

CIMB Bank’s Direct Access division has launched its improved “IEM
Affinity Card” Mastercard, featuring no member fees, a rewards program,
concert discounts and a flexi-pay plan to the over 8,000 cardholders.
Direct Access also provides the platinum and gold editions with the
“Paypass” feature and with these developments, hopes to increase the
IEM Affinity Card cardholder base to the entire 16,500 IEM members.
CIMB Group is owned by Bumiputra-Commerce Holdings Bhd with
over US10 billion in capital and employing more than 20,000 throughout
13 countries.

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Stanford FCU Joins Cardtronics’ Allpoint Net

KS-based processing technology provider DCI has hired Michael Kelly and Matthew Hornbaker as the company’s newest regional sales managers for DCI’s “iCore” processing system and bank technology solutions. Kelly has more than 20 years experience in the financial technology industry and Hornbaker has more than 13 years of sales experience for a large banking software company. Kelly will manage DCI sales in California, Nevada, Utah, Arizona, and New Mexico territories. Hornbaker will manage sales in Washington, Oregon, Idaho, Wyoming, Colorado, Montana, North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Wisconsin, Michigan and Texas territories.

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MONTISE & VISA

Montise and VISA Europe have launched a mobile prepaid voucher
service to provide VISA card customers with purchasing power through
their mobile phones. Vouchers can be loaded, or prepaid, through either
a credit or debit card and can be used to conduct online purchases and
in-store retail purchases. This agreement is projected to culminate in a
wide variety of new products and services with participating VISA banks
across Europe.

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Datacard Offers Contactless Personalization

Datacard Group has annouced a contactless smart card coupler option for the “Datacard 150i” desktop card personalization system. The new option enables banks, credit unions and other financial institutions to give consumers immediate access to contactless payment cards. Datacard Group expects the contactless smart card coupler to benefit the many solution providers serving this market segment, including Dynamic Card Solutions, a instant issuance solution provider and developer of “DCS CardWizard” software. Last month, Datacard introduced the “SP55k” kiosk card printer. The “SP55k” kiosk card printer issues full-color, personalized cards with magnetic stripes and bar codes as well as contact and contactless smart cards. (CF Library 10/24/07)

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HOLIDAY SPENDING

APACS trade body has released projected figures for the upcoming
holiday season for British consumers this year. This foresight predicts
that 64.3% of purchases will be made using a plastic card, credit cards
will remain the least popular method of payment, 10% of spending will
be made over the Internet and total spending will increase 4.2% since
last year reaching GBP53.0 billion. Furthermore, debit card spending is
expected to increase by 14.3% since last year reaching GBP22.4 billion,
there will be GBP11.7 billion in credit card spending while cash/check
spending will fall 4.7% since 2006 to GBP18.9 billion. APACS provides
banks, building societies and card issuers a forum to address
non-competitive issues.

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