AmEx ExpressPay Adds More Merchants

Office Depot and Braum’s Ice Cream and Dairy Stores are now accepting “ExpressPay” from American Express. American Express was the first issuer to launch contactless cards nationally with the rollout of “Blue” with the ExpressPay feature in June 2005. Office Depot is the first office supply company that plans to accept contactless payments at its 1100 locations nationwide and will roll out the technology later this year. Braum’s Ice Cream and Dairy Stores is a regional merchant with 276 retail stores throughout Oklahoma, Kansas, Texas, Missouri and Arkansas that already accepts the contactless technology at all their locations. “ExpressPay” is also embedded in the Starwood Preferred Guest Credit Card, Clear from American Express Card and available via a key fob that can be linked to any American Express Card.

Details

RED EXEC

Retail Decisions (ReD) has appointed Sue Hando as Managing
Director of prepaid cards. Hando’s objective will be to oversee strategy,
business development, sales and service delivery for ReD’s gift cards,
online gift vouchers, refund cards, insurance claim cards, prepaid fuel
cards, payroll and staff cards. She brings with her 15 years of experience,
previously with Insurance Australia Group as Head of Customer
Strategy and Management. Other experience includes senior management
at Qantas where Hando was General Manager of Frequent Flyer and
“Qantas Club” Programs responsible for the launching of “Qantas Telstra”
Visa card. ReD is a payment card issuer and provider of card fraud
prevention and payment processing. The company has 19 years
experience and is Australia’s largest prepaid card provider.

Details

RBS Inks NYC’s D’Agostino Supermarkets

NYC-based D’Agostino Supermarkets with more than 5 million card-based purchases annually, has selected RBS Lynk to provide payment processing services. D’Agostino is headquartered in Larchmont, NY, and operates 20 stores in the Manhattan and Brooklyn boroughs of New York City as well as Westchester County. RBS Lynk will process credit, debit and other payment card transactions, including electronic benefits transfer payments for the supermarket chain. RBS Lynk is a single-source provider of electronic payment processing services.

Details

SAMBA & FAIR ISSAC

Samba Financial Group has made agreements to utilize Fair Isaac’s
consultation and analytical services, through Cadmus, to meet compliance
needs, determine credit risk and growth in services with its Basel II
internal
ratings based compliance. The services will enhance the the bank’s
consumer card, mortgage and personal loan portfolios. The Basel II Accord
is a method used for calculating capital reserves to determine credit risk,
which experts project will be implemented as the standard for banks and
institutions by January 1, 2008. Cadmus is Fair Isaac’s local agent that
serves
41 clients in 9 countries in the Middle East. Fair Isaac has clients in 80
countries for which the company implements solutions to increase customer
loyalty, cut fraud, manage credit risk, and meet regulatory demands.

Details

Dupaco Community CU Debit Card Compromised

MasterCard’s Fraud Management Department has notified Dupaco Community Credit Union that its “Money Card” may be at risk for fraud due to security breach of debit card numbers contained in a merchant database. This breach occurred at a local merchant, and Dupaco was in no way responsible. Members whose cards have been affected will be receiving a letter of notification the week of August 20, 2007. Dupaco will be reissuing new Money Cards to those whose cards were included in this security breach. The new cards will have the same account number as the current cards, however the expiration date and three-digit security code on the back of the card will change. The new cards will mail by the end of August.

Details

PAYMENT CARD TRENDS

In New Zealand, there were 79 million card transactions for the month
of July 07, according to Statistics New Zealand. Totaling $4.6 billion,
these findings reflect a 0.1% decrease in card spending since June 07, an
8% increase since July 2006 and in the retail area alone, a decrease of 0.4%
since June 2007. For 1H07, the average number of card transactions
made per person in New Zealand was 215, with an average annual value
of $12,549.

Details

Q2 CARDS

During the second quarter payment cards in the UK were used to make purchases of GBP 87.2 billion. Debit card purchase volume increased 14.7% year-on-year while credit card purchase volume declined 2.3% over the same period. According to APACS, there were 1.7 billion plastic card transactions in the second quarter, a 9% increase over the first quarter. Debit cards accounted for 71.7% of all plastic card purchases compared with 69.6% in the second quarter of 2006. Bank of England figures show that gross credit card lending to individuals in the second quarter topped GBP 31 billion. The sum of all monthly repayments to UK banks amounted to GBP 30 billion. During the 12 months to the end of June 2007 outstanding credit card balances have reduced by GBP 2.6 billion. Bacs volumes and values grew by 3.0% and 7.2% respectively over the 12 months to June 2007. Over the same period, the volume of CHAPS payments increased by 8.9% with a 12.1% rise in values. Cheque and credit clearing volumes declined by 8.0%, although there has been almost no change in total values.

Details

Pipeline Data Profits Rise 34% in Q2

MA-based Pipeline Data reported that revenue increased 57% to a second quarter record of $13.1 million. Gross Profit increased 34% to $4.4 million over the same period last year. During the second quarter Pipeline Data renewed its merchant processing agreement with CTS Holdings, a subsidiary of First Data. Recently, Pipeline Data’s AIRCHARGE subsidiary released a solution to Dobson Communications for mobile merchants to accept credit card payments over BlackBerry devices. Pipeline Data provides value-added credit card transaction processing services for merchants in wireless mobile payment, e-commerce solutions and retail merchant payment. It has more than 40,000 merchant customers. For complete details on Pipeline’s latest performance visit CardData ([www.carddata.com][1]). (CF Library 6/20/07; 7/13/07)

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

Details

BLUE BAMBOO & KPAY

KPay & Blue Bamboo have partnered for the implementation of
a point-of-sale solution that accepts “tap-and-go” retail transactions.
Integrating contactless technology with Blue Bamboo’s “H50 GPRS”
Terminal, the solution will be deployed in convenience stores and
accepting of transit cards as payment. In Beijing, there are currently
12 million transit cards in circulation sold and distributed by Kpay. The
company has been authorized to setup a POS network for transit card
recharge and is able to use the POS network to accept payments from
the card for retail products and other non-transportation products.

Details

NOMAD EXEC

Nomad payment processor has appointed Tina Berthelsen as Marketing
Manager, bringing with her experience and education. Prior to this
development, Berthelsen was in IP communications at a German vendor with
a concentration in software based IP telephony solutions. She also has
experience in politics and coordinating strategies across Europe.
Berthelsen’s
advanced education includes an MSc from the University of Copenhagen.

Details

LML & FAPS

LML has signed a payment license agreement with First American Payment
Systems and Certified Payment Processing. With this agreement, First
American and Certified Payment can implement LML’s patented electronic
check conversion in the Direct Consumer Field. LML is a top financial
payment processor throughout Canada. LML was represented in the license negotiations by Chicago-based Kirkland & Ellis.

Details