E4X Integrates GlobalCollect Solution

E4X has signed an agreement with GlobalCollect to incorporate GlobalCollect’s payment methods into an expanded portfolio for international services. E4X will take advantage of GlobalCollect’s strengths in online local payment methods worldwide, in particular local bank transfers in over 50 countries that enables international shoppers to browse and pay for products in their own currencies while eliminating the risk of foreign exchange fluctuations for e-tailers and shoppers. As a result, shoppers purchasing from vendors using E4X’s services will be able to make payments using bank transfers in as many as 50 markets. GlobalCollect will draw on E4X’s expertise in delivering risk-free foreign exchange solutions for vendors and consumers in the international sphere. GlobalCollect is a worldwide leading payment service provider.

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Chockstone Intros an Ad Network for POS

OR-based Chockstone has created “Receipt and Respond,” an advertising network linking its restaurant and retail clients with national and local advertisers. The network delivers point of purchase advertisements and promotional offers directly on consumer receipts and is available to all of its loyalty, gift, and credit card gateway clients. Advertisers can choose from an inventory of hundreds of millions of consumer receipts printed at approximately 30,000 retail locations. Chockstone is a personalization, loyalty, and stored value solutions provider.

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BofA M-Banking to Target 21MM Online Users

The nation’s leading online banker is migrating to cell phones and smartphones to enable its customers to check account balances, pay bills and transfer money. Bank of America is launching the service in Tennessee beginning in March and will roll-out mobile banking to markets across the country through mid-year. The service will be accessible to consumers who have mobile Internet access via Verizon Wireless, Sprint-Nextel, Cingular and T-Mobile. To activate mobile banking, customers will register through the bank’s “Online Banking” service and then use the Internet browser on their mobile phone to access their accounts. BofA online banking has more than 21 million active users.

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Valentine’s Card Spend to Top $5 Billion

Americans will charge more than $5 billion for “Valentine’s Day” purchases this year, compared to $4.2 billion for 2006, according to CardTrak ([www.cardtrak.com][1]). Totally, consumers will shell-out nearly $17 billion for the holiday in 2007, compared to $14 billion last year. The National Retail Federation’s “2007 Valentine’s Day Consumer Intentions and Actions Survey” found that on average, each consumer will spend $119.67 on Valentine’s Day this year, compared with $100.89 last year. The top gift is flowers, followed by cards, candy, a night out and jewelry.

V-DAY CARD SPEND
2003: $3.2 billion
2004: $4.0 billion
2005: $4.0 billion
2006: $4.2 billion
2007: $5.1 billion
Source: CardData (www.cardtrak.com)

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

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TSYS & Moneris Renew Their Processing Deal

TSYS Acquiring Solutions has renewed its merchant-processing service agreement with IL-based Moneris Solutions covering its U.S. portfolio. The agreement continues a long-standing relationship between the two companies, with TSYS Acquiring Solutions remaining as Moneris’ preferred third-party provider of transaction-processing and related support services in the United States. Moneris Solutions is a payment processor, processing more than 2.3 billion credit and debit card transactions a year for more than 350,000 merchant locations across North America. TSYS Acquiring Solutions is a supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers.

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Penna’s PFFCU Joins the CO-OP ATM Network

CO-OP Financial Services has signed $2.4 billion PA-based Police and Fire Federal Credit Union (PFFCU) to participate in the national ATM network. The second largest credit union PFFCU’s 150,000 members will gain access to 520 surcharge-free CO-OP Network ATMs in the Keystone state in addition to CO-OP Network ATMs nationwide. CO-OP Network, which has ATMs in 50 states and 10 countries, has a partnership with 7-Eleven to provide surcharge-free ATM access for 24 million credit union cardholders at 5,500 7-Eleven locations across the country.

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e-Port Sales Drives USA Technologies’ Q4

PA-based USA Technologies reported fourth quarter revenues of $2.1 million, a 2.7% increase over 4Q/05. During the quarter, revenues from the Company’s “e-Port” were $1.2 million, an increase of 105% over the prior year quarter. The “e-Port” growth was due to an increase in sales of the Company’s new “e-Port G-6,” as well as accelerating growth in license and transaction fees as the company adds more connections to its “USA Live” network. The Company said its growing relationship with MasterCard is helping it rapidly deploy “e-Ports” in cities across the nation, and penetrate exciting new and emerging markets. Also, during 4Q/06 the Company completed a contract with MasterCard for rapid deployment of an additional 5,000 “G6 e-Ports” in vending machines, POS terminals and kiosks in another 12 U.S. cities. For details on USAT’s fourth quarter performance visit CardData ([www.carddata.com][1]).

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

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Citigroup to Use Citi Name; Sells Umbrella

Citigroup announced a corporate branding change that unites its businesses under the well-known “Citi” name and its recognizable red arc design. The company also announced that it will sell to The St. Paul Travelers Companies the trademark red umbrella that a legacy company acquired with its purchase of Travelers in 1993. Beginning in the second quarter, the following businesses will begin using a silver Citi with the red arc logo: corporate and investment banking will use the brand name Citi; wealth management will use the brand names Citi Smith Barney, Citi Investment Research and Citi Private Bank; and alternative investments will use the brand name Citi Alternative Investments. There are no plans to change the Banamex brand in Mexico. Primerica will also maintain its brand name, but it will use a new logo without the red umbrella. While the company will do business as Citi, its legal name will remain Citigroup Inc.

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Hypercom Builds Speed into SmartPayments

Hypercom has upgraded its PC-based merchant solution to process payments in five seconds or less. Besides high performance, the new “SmartPayments Server” facilitates the processing of loyalty cards, convenience charges, tip adjustments, signature capture and check retrieval for charge-backs. Additionally, the software has been certified by more payment processors including ECHO Payment Processing, First Data Omaha, Fast Check Cyclone, Global Payments, Heartland Payment Systems, Chase Paymentech Solutions and TSYS Acquiring Solutions. “SmartPayment Server” is built on .NET which leverages Web services as a backbone for processing integrated payment processing transactions with business critical processes and ubiquitous client-side input devices. The solution is designed for resale or as a service by merchant acquirers, ISOs and Hypercom resellers. Hypercom says several companies have already switched to “SmartPayments” including merchant acquirer Heartland Payment Systems and ISOs Datalink Bankcard Services, Merchant Warehouse, Merchant Services Network and Transaction Processing Partners of Texas.

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MC Q4 REGIONS

MasterCard’s worldwide growth rate in quarterly gross dollar volume
increased from 12.3% in 4Q/05 to 13.8% in 4Q/06, however, it was solely
driven by growth in the U.S. which rose from 11.6% to 14.5% during the
same period. The other five MasterCard regions have all slightly slipped
except in the Asia/Pacific where GDV growth dropped from 8.7% in 4Q/05
to 6.8% in 4Q/06. In the U.S. the uptick was primarily due to a 45% jump
in debit program GDV. Worldwide, MasterCard’s debit programs were up 35%
in 4Q/06 GDV. Europe, the second largest region for MasterCard, posted a
13% rise in fourth quarter GDV to $145 billion from 152 million
cardholders. Asia-Pacific reported GDV of $77 billion and 155 million
cardholders. Latin America, which has 86 million cardholders, had $37
billion in fourth quarter volume, a 25% gain. Canada experienced a 13%
rise in Q4 GDV of $20 billion and 32 million cardholders. The South
Asia/Middle East/Africa region posted $9 billion in gross dollar volume,
a 38% increase, from 25 million cardholders. As of December 31st, the
Company’s customers had issued 817 million MasterCard cards, an increase
of 12% over the same period in 2005. MasterCard now has 25.3 million
acceptance locations worldwide. For complete details on MasterCard’s
fourth quarter results, visit CardData (www.carddata.com).

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VISA Launches a Major Signature Promo

VISA USA is today launching its most significant advertising campaign of the year targeting America’s “new affluent” consumers. The new “Visa Signature Living” campaign,” which will run through September, will utilize print and online media. The first of several print executions will feature an aspirational list of activities that can accessed via the “VISA Signature” card. The online campaign includes targeted travel, food and dining, sports and leisure and lifestyle Web sites. The “Visa Signature Living” campaign is part of VISA’s ongoing “Life Takes VISA” brand campaign. One-year ago VISA launched the “Life Takes VISA” campaign, its first new brand campaign in 20 years. VISA defines the new affluent as U.S. households with more than $125,000 in annual income. VISA says “Signature” cardholders generate an average annual spend per active card of roughly $25,000. In the third quarter of 2006 volume on “VISA Signature” grew 16.8% to $34 billion, in a year-over-year comparison. (CF Library 2/7/06)

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NCR Names a VP for ATM Business Development

Mel Walter has been named VP of self-service business development for NCR. A 27-year veteran of NCR, Walter will be responsible for strategic alliances, mergers and acquisitions, and industry analyst relations as it relates to NCR’s self-service businesses. Walter most recently served as vice president of major accounts for NCR’s Financial Solutions Division where he was responsible for driving the company’s self-service business with the largest financial institutions and ATM deployers in the United States. Walter will work with the company’s business units on implementing its self-service strategy in targeted industries such as banking, retail, travel, health care, public sector and gaming.

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