BIOMETRIC FORECAST

According to Reporterlinker forecasts, global biometric identification in
China is estimated to exceed USD 3 billion in 2007, reach USD 3.8 billion in 2008
and exceed USD 7.4 billion in 2012. It is estimated that global fingerprint
identification technology accounts for 58.9% of 2007 figures given that the
2006 biological identification market amounted to about RMB 860 million,
97% of which generated from biological identification products. The growth
in biological identification is projected to reach a growth margin of
60% for 2007 to RMB 960 million and it will reach RMB 4.651 billion in 2011.

Details

InComm to Distribute nFinanSe Cards

nFinanSe Inc has signed an agreement to provide nFinanSe “Discover Network Prepaid Cards” to Atlanta-based stored value card provider InComm. nFinanSe’s Reloadable Prepaid Cards offer a $5.95 suggested retail price, a $2.95 monthly fee, are instantly issued for same day use, have no fee for first load at time of purchase, have no hidden transaction fees and no fees on purchases. nFinanSe is a financial services company and provider of stored value and prepaid card solutions.

Details

GEMALTO EAL4 CERTIFICATION

Performed by the French DCSSI (Central Administration for Information
Systems Security), Gemalto’s Java Card implementation has received EAL4
Common Criteria Certification and EAL7 assurance ensuring the secure
isolation of applications. This was determined with the evaluation of
Java card
security, its functional and assurance requirements. EAL levels range
from 0-7
to provide consumers with a comparative measurement of application security
and is recognized around the world as common criteria through SOG-IS
and CCRA international agreements. The certification also conforms to Sun
Microsystems’ Java Card System Protection Profile. Gemalto had 2006 annual
revenues of EUR1.7 billion, more than 85 offices in 40 countries and about
10,000 employees.

Details

ORDER OF PAYMENTS

MoneyExpert.com research shows that 76% of card issuers take
advantage of their customers by clearing cheap debit first and high
interest debt last, such as cash advances. Different forms of card
borrowing have different rates and the longer higher interest debt remains
on the customer’s card, the more the card issuer makes. For example,
average interest rate on cash advances is 23.96%. According to
MoneyExpert.com’s research, the card issuers allocate payment funds to
pay off the debt with the lowest interest first, such as fees. Along
with cash
advances, a card purchase is the most expensive form of card transaction
followed by fees and balance transfers. According to experts, card issuers
that will actually assist and provide customers with information on
paying down high interest debt first are rare citing the hindrance on
capitalization.

Details

FMCG & Simmons Intro Financial Personalities

Simmons Research and First Manhattan Consulting Group have teamed up to launch the industry’s first mass media targeting tool for specific types of financial services, including credit cards, deposits, home equity loans, investments, life insurance, mortgages and personal loans. The new “Financial Personalities” service follows the launch by FMCG and Experian of “Financial Personality” scores for direct marketing. “Financial Personalities” uses these same segmentation frameworks and scoring algorithms to provide marketers with media consumption behaviors of target segments within specific categories. Those looking to place advertisements to acquire checking account customers who will maintain significant deposit balances at banks can use the new service to pinpoint magazines, newspaper sections, television shows and other channels that index high among the “Deposit Financial Personalities” who are the best prospects.

Details

INFOCOMMUNICATION UNION COUNCIL

The Infocommunication Union Council has announced a project to develop
a mobile payments project to allow payment over mobile communication
networks. This comes with the approval of the Universal payment concept to
pay for goods and services using the existing and advanced communication
network providing the testing of micro- and macro payments and NFC
technology. The project is being developed with mobile operators such as
VimpelCom, Delta Telecom, MegaFon, MTS and Moscow Cellular
Communication, Svyaz-Bank and the bank Tavrichesky and Mobile Payment
Systems to provide RF citizen access to modern payment services.

Details

Javien Micropay Patent is Cleared

Javien Digital Payment Solutions has received a notice of allowance from the U.S. Patent Office for its micropayment aggregation technology “Micropay”. “Micropay” enables merchants to cost-effectively process charges for offerings with very low price points, such as $.99 MP3 downloads and $3.00 beverages. In these cases, without a means for micropayment aggregation, the cost for the merchant to process individual payments from credit cards and other cash alternatives often exceeds the total transaction. By combining multiple purchases per consumer in a single charge, Javien’s merchants reduce their processing fees. Javien Digital Payment Solutions delivers to content providers a total commerce solution and manages assets of $2 billion.

Details

INNOVA-SCS AGREEMENT

Innova Card has signed a Value Added Reseller (VAR) agreement with
SCS Pro Co Ltd to market and sell its USIP secure payment solution.
With this development, SCS can add to its portfolio by providing a security
software package and Innova will strengthen its distribution channel.
Innova Card develops and markets Systems-on-Chip and secure solutions
for terminals and applications. SCS Pro is a smart card solution ompany
providing smart card readers systems and works as laboratory certification
for VISA and Mastercard.

Details

VantageScore Identifies Good Subprime Risks

A recent study, examining a sample of more than 40 million subprime consumers with mortgage tradelines, found that 20% of those consumers originally classified as subprime using traditional credit risk score were re-classified into lower-risk categories using the new “VantageScore.” Experian says the “VantageScore” service provides lenders with a granular view of the subprime consumer segment, allowing lenders to identify pockets of relatively low-risk consumers within the subprime category. “VantageScore” is a credit score jointly developed by Experian, Equifax and TransUnion.

Details

V/MC Issuers Below Average in Satisfaction

Among the top eight U.S. issuers of VISA and MasterCard — Citi, Chase and U.S. Bank lead the pack in customer satisfaction. However, all eight ranked below American Express, Discover and the industry average. According to the J.D. Power and Associates “2007 Credit Card Satisfaction Study,” the industry average, based on 1,000 point scale, is 658. Citi, Chase and U.S. Bank scored 652, 651, and 646, respectively. By comparison American Express and Discover scored 735 and 728, respectively. The Power study, which is based on responses from 7,812 credit card users, weighed five factors: benefits and features; rewards; billing and payment process; fees and rates; and problem resolution. Among the credit card networks, customer satisfaction with American Express and Discover is significantly higher than with MasterCard or Visa. However, 89% of VISA customers and 87% of MasterCard customers indicate that their card is accepted everywhere they want to use it, while only 17% of American Express and 19% of Discover customers say the same. MasterCard holders have slightly higher satisfaction than those with a VISA, which is primarily driven by higher satisfaction with membership benefits.

CUSTOMER SATISFACTION INDEX RANKING
1. AmEx 735
2. Discover 728
3. Citi 652
4. Chase 651
5. US Bank 646
6. WaMu 638
7. Wells 636
8. Cap One 617
9. BofA 607
10. HSBC 571
Source: J.D. Power and Associates

Details

HPS Unveils Heartland Express Funds

NJ-based Heartland Payment Systems has launched a bank-neutral remote deposit capture system. The new “Heartland Express Funds” allows businesses to electronically deposit checks into bank accounts eliminating floats and holds. It also integrates into many accounting systems including “QuickBooks,” “Great Plains,” “Peachtree” and “Accpac.” HPS delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide.

Details