CardWizard Goes Over the Edge with FCP 20/20

CO-based Dynamic Card Solutions has introduced the “CardWizard FCP 20/20” instant issuance product for full, over-the-edge card personalization. Using the “CardWizard FCP 20/20” along with DCS’ “CardWizard” software, issuers can add any background image to the front and/or back of a card. Banks can deliver standard background designs or allow customers to choose custom designs including their own images to be printed on cards. “CardWizard” transfers the image along with all personalization data to the “FCP 20/20” where the card is printed on the spot without requiring a separate embosser. These images are printed onsite onto both sides of association-branded blank stock in high definition full color, eliminating the need to store multiple card stocks at branch locations and adding greater personalization at the branch.

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WESTERN UNION & DEUTSCHE BANK

Western Union and Deutsche Postbank have revised contracts to extend
remittance services to bank customers. This extension of customer
service includes the introduction of “Direkt” service, allowing online
banking customers to conduct remittance with funds transferred from
their “Giro” accounts. Postbank provides remittance from over 3,200
locations throughout Germany and is providing an expanded level of
convenience under these contract revisions. The Western Union Company
has 320,000 locations in over 200 countries while Deutsche Postbank
has assets of EUR 190 billion, nearly 14.6 million German customers and
employs 22,000.

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Consumers Endorse Expansion of ATM Services

Diebold has released research on the next-generation retail banking customer. The “Identifying the Next-Generation Retail Banking Customer” report reveals that ATM usage continues to find strong support across generations. The study shows that aside from withdrawing cash, all generations unilaterally rate viewing account balances, making deposits and transferring funds between accounts as their three most-preferred ATM services. Meanwhile, all segments tend to prefer ATM deposits versus making one via online from home. The majority of members from all generations surveyed also support the potential to use the ATM to scan checks directly over making traditional, envelope-based deposits. “Gen Y” members are oriented more to parallel information processing and multi-tasking than their older counterparts. Also, customization functions, such as check and cash deposit automation, one-to-one marketing ability and capability to communicate new, retail banking services in real time, further enhance an ATM’s appeal to young bank users.

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MBNA Canada Launches a Green MasterCard

The first credit card program in Canada to earn points for carbon offset credits has been launched. MBNA Canada Bank has introduced the “Eco-Logique MasterCard.” Under the new program cardholders earn points with each eligible retail purchase. The funds generated through these points will be used by MBNA to purchase carbon offsets that support environmental projects. In March, Bank of America, the parent of MBNA Canada Bank, announced a $20 billion, 10-year initiative to support the growth of environmentally sustainable business activity to address global climate change. MBNA Canada Bank has more than 500 co-branded and affinity credit card programs and is the second largest MasterCard issuer in Canada.

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FIS ScoreCard Rewards 6 Million Cardholders

Fidelity National Information Services this week reported that its “FIS ScoreCard” loyalty and rewards program has now topped 6 million credit and debit cardholders from 1,700 financial institutions nationwide. SCE Federal Credit Union recently signed an agreement to add “ScoreCard” to its 20,000 debit card accounts. “ScoreCard” is a complete, turnkey rewards program that helps financial institutions build loyalty by awarding credit and debit cardholders with “ScoreCard Bonus Points” that may be redeemed for brand-name gifts, travel and cash refunds.

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Braintree Launches a Suite of PCI Solutions

MA-based Braintree Payment Solutions has launched the “Transparent Redirect” and “SecureVault” suite of solutions that simplifies “PCI Compliance.” “Transparent Redirect” enables merchants to process credit cards on their own Website and URL without actually handling any sensitive payment data. Using tokenization, “SecureVault” allows remote storage of all sensitive customer information including credit card data, checking account information, SSNs, image documents, and other custom fields – all in a “Level 1 PCI Compliant” environment. Tokens replace credit card numbers and can be used to remotely initiate transactions.

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DE LA RUE CASH PRODUCTS

De La Rue cash handling has upgraded many of its product offerings.
These enhancements include refinements to its banknote counter,
its cash recycler and a new self service coin deposit solution for banks
and credit unions in 31 countries. The cash recycler, the “VERTERA”,
provides detection and sorting in a compact device reducing its bank
footprint while the “QuickChange” self service coin-sorter has been
designed increasing teller productivity by allowing customers to
automatically exchange spare change for cash. The final bank-enhancing
tool new to the De La Rue cash product lineup is the “EV86-Series
Banknote Counter”, capable of sorting 2,000 notes per minute with a
nearly 100% accuracy rating. The “EV86-Series” has been designed to
save its bank customers an average of 45% in cash processing time and
an average of $1,200 annually given its speed, accuracy and elimination
of re-feeding. De La Rue provides services with over 150 currencies and
employs over 6,200 in 31 countries.

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3Delta Systems Hires a FDC Sales Exec

Payment solution provider 3Delta Systems has announced that Howard Ives, previously director of national sales for First Data’s Business Payment Services Group, has joined as VP of sales and development. Ives is responsible for devising new business tools for 3DSI’s growing number of merchants who rely on the company’s highly secure, web-based system to process commercial credit card payments easily and quickly. He will also focus on enhancing the company’s channel partner services for enterprise-level customers.

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DUBAI FIRST & MASTERCARD

Dubai First has introduced its diamond-embedded “Royale Mastercard”
targeting
affluent consumers. In doing so, Dubai First will provide correlating
services and
benefits to holders of the card, including no preset spending limits, a
personal
relationship manager and a lifestyle manager supported by a team of
representatives.
Dubai First, one of 7 Dubai Group entities, is expanding its credit
cards portfolio and eventually its mortgage portfolio while MasterCard Worldwide processes over
16 billion transactions annually in over 210 countries.

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Branded Gift Card Sales Rise 40% in 2007

Gift cards carrying the MasterCard, VISA, Discover or American Express brands have grown 40% this year and are now the third most preferred type of card to receive after restaurant/fast food and department store cards. According to a recent survey by Comdata, only 14% of adults purchased cash cards for others this year while 39% of those surveyed prefer to receive a cash card. About half of retail gift card buyers prefer to purchase gift cards at the check-out with an associate, while the other half prefer using a self-dispensing kiosk or have no preference. Winter holidays and birthdays continue to dominate occasions for giving gift cards. About 10% have purchased gift cards as an employee incentive and 10% have purchased a gift card in response to an advertisement. The Comdata study as found that adults received 3.8 gift cards in the past year, the same as the prior year.

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MICROPASS AWARD

For the 12th annual SESAMES Innovation contest, INSIDE Contactless
has announced that it has been awarded for its MicroPass payment
platform hardware, decided on by industry experts and journalists, in 10
different categories. This recognizes INSIDE Contactless’ innovation,
55 granted patents and their “MicroPass” microprocessor.
The “MicroPass” contactless platform provides an operating system for
multi-payment brands and application requirements with low power
consumption. The payment solution operates a core platform for key fobs and
alternative form factor payment devices, among others. “MicroPass”
transaction processing works with issuer organizations for bank card
payments, transit, and access control markets, having shipped in excess of 35 million units since 2005. INSIDE Contactless provides NFC products through its 30 million MicroPass devices for 20 card issuers.

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Sam’s Club to Distribute Vanilla MasterCard

InComm has partnered with Sam’s Club to create the “Vanilla MasterCard Gift Card” issued by Marshall Bank, N.A. The Gift Card is available now in $50 and $100 denominations. Sam’s Club recently added the “Vanilla MasterCard Gift Card” to its extensive line of gift card products, which also includes prepaid wireless, music and gift cards from leading retailers in a number of categories including restaurants, entertainment and more, all provided through the partnership. InComm is a marketer, distributor and technology innovator of stored-value gift and prepaid products.

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