P&H to Distribute Cashbox ATMs

CashBox, an independent operator and supplier of ATMs, has been chosen
to supply ATM placement for Palmer & Harvey McLane. Cashbox will supply
3,700 ATMs for P&H’s ACE buying group. Cashbox supplies over 29,000
sites where it can assess the viability of installing an ATM machine,
many of those on an exclusive basis. The ATMs will be placed using Cashbox’s “Placement Model,” whereby a convenience-fee ATM is placed with a retailer free of charge and replenished by them, eliminating the need for third party cash-handling costs. Palmer & Harvey McLane has over
61,000 wholesale customers in both independent and multiple retail trade.

Details

Fair Isaac to Open an Office in Beijing

Fair Issac announced that they will be opening a branch in Beijing,
China. J.Y. Pook, vice president and managing director of the Asia-Pacific market, will oversee Fair Isaac’s relationships with local clients and strategic partners. The company is a leading provider of analytics and decision management technology and is committed to expanding presence in the Asia-Pacific market. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial and insurance services. The Company also helps millions of individuals manage their credit health.

Details

BUY & FLY MASTERCARD

The “buy and fly!” reward program has expanded in Ireland with the introduction of a co-branded MasterCard. Landround, the owner of the
“buy and fly!” program, and MBNA Europe Bank have teamed for the expansion. The new card offers one point for every GBP 10 spent. There is also a bonus of 500 points when the first card purchase takes place within 90 days of card issuance. Landround says a cardholder could instantly redeem the 500 points for a return flight to the UK. Collectors can also “double dip” by purchasing goods and paying for
these goods with their “MBNA buy and fly! MasterCard” with the current “buy and fly!” partners, such as Tesco, and using it in conjunction with the “buy and fly!” reward card at Heatons or Sportsworld, O2 Stores and Choice Hotels. Other partners include: ESB, Tierneys, Classic
Furniture, Ask Chilli and Mari Mina Healthcare.

Details

TNB Balance Transfer Program Reaps $2MM+

Dallas-based TNB Card Services reports that its “2006 Fall Balance Transfer” promotion brought in more than $2.2 million in card balances for participating credit unions. TX-based EECU, with assets of $580 million captured more than $222,000 in outstanding balances with an average transfer rate of $3,200. DATCU of Denton, Texas, with assets of $368 million, had a response rate of 2.32% and average balance transfer of $3,180, DATCU generated more than $216,000 in new balances. The TNB promotion enabled the 22 credit unions that participated to customize it for their cardholders by selecting the interest rate and opting for a life-of-balance annual percentage rate, which was available for every percentage rate offered.

Details

Majid Al Futtaim and ORIX to Issue JCB Cards

Majid Al Futtaim and ORIX announced they would be issuing JCB
credit cards. JCB and ORIX, both Japanese companies, will be operating
out of Dubai, United Arab Emirates with MAF. The joint venture will be
tentatively named MAF JCB Card PJSC and will be issuing cards beginning
in July throughout the Middle East and North Africa. MAF JCB Card
PJSC starts with a capital of 100 million UAE dirham. JCB’s merchant network includes 14 million merchants and spans 190 countries. JCB cards are now issued in 19 countries with more than 59 million cardholders. The company has formed alliances with more than 350 leading banks and financial institutions globally. ORIX, a Japanese company as well, is an
integrated financial services group that has operations in 24 countries
and regions worldwide. Majid Al Futtaim is the MENA’s largest property
developer, opening the first shopping mall in 1995.

Details

Pay By Touch Hires ELOAN’s CMO

San Francisco-based Pay By Touch has hired Catherine Muriel, former CMO at ELOAN, as its new Chief Marketing Officer. Prior to joining E-LOAN, Muriel served as CMO of Upromise, the country’s largest private college savings loyalty service. To date, patented Pay By Touch biometric services enable 3.5 million shoppers to quickly and securely access personal accounts using a finger scan to identify themselves, make purchases and cash checks at 3,000 locations nationwide.

Details

Survey Finds 23MM Consumers Switch

An independent comparison Web site, MoneyExpert.com, will launch a
switching index that tracks the nation’s switching habits on a quarterly
basis. The company monitors switching in industries such as utilities,
financial services, telecoms and mortgage products. MoneyExpert.com’s
most recent studies have shown 212,000 contracts changed hands every day
in the last half of 2006. In total around 39.075 million products and
services were ditched by consumers shopping around. Gas and electricity
have the most fickle customers, with around one in seven households
changing one or both as utility bills continued to soar. Car insurance
and credit cards are second with 14 per cent of people claiming
to have swapped provider in each category. Telecoms companies were also
hit hard as some 10.1 million broadband, landline and mobile phone
accounts changed hands.

Details

HSBC Launches Mobile Phone NFC Pilot

HSBC Credit Card Services has launched a mobile phone payments pilot, in partnership with MasterCard and ViVOtech. The six-month test will use “Near Field Communication” enabled mobile phones to make contactless credit card purchases. More than 200 HSBC employees in New York, Chicago and several other large U.S. cities used the “over-the-air” personalization process to load their HSBC credit card data onto their mobile phones. HSBC introduced contactless debit cards to its bank customers in late 2005 and contactless credit cards in 2006. About 36,000 merchant locations around the world that accept MasterCard’s “PayPass.”

Details

GALITT Opens Office In United States

Reflecting the companies’ international growth, GALITT has opened a
financial consulting office in San Fransisco to be
managed by Dominique PIERRE. Pierre was a senior manager for GALITT in
France before moving to San Fransisco and has been managing multiple
“Visa Smart Breakthrough” programs. GALITT provides consulting services
in the Financial and Identification sectors on smart cards and secure
electronic transactions.GALITT is a result of the merger between KaSYS
and COGESYS CARD.dev, thus gathering more than 20 years of experience in
mastering e-transactions. Company skills include consulting,professional
& testing services related to card and payment technologies.

Details

BB&T Pilots VISA Contactless Check Cards

BB&T has launched a pilot program to issue “VISA Check Cards” with the Contactless feature to select clients in Georgia, Florida, Maryland, Virginia and Washington, D.C. A chip in the card sends the payment information to the reader, which will indicate when the transaction is complete, eliminating the need to hand the card to a cashier. Cardholders receive the same security protections provided on thetraditional “BB&T Check Card,” including BB&T’s “Zero Liability” protection, three-digit security code (CVV) and fraud monitoring. BB&T Corporation holds $121.4 billion in assets and is the nation’s 11th largest financial holding company.

Details

Top 5 Card Volume Rise 12% in 2006

Credit card volume among the top five U.S. issuers, generating more than $1.5 trillion in total card volume, grew by an average of 12.1% during 2006. The nation’s top issuers’ growth was led by American Express with Citigroup ranking at the bottom. AmEx posted a 16% increase in U.S. credit card volume topping $406 billion for the year. Citi’s U.S. bank credit card purchase volume increased 9% to $304 billion. BofA’s gross volume grew nearly 10% in 2006. BofA’s Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services. Chase, which also includes some international, was up 12.5% while Capital One’s U.S. purchase volume increased 12.9%. For the latest fourth quarter portfolio figures, visit CardData ([www.carddata.com][1])

TOP 5 U.S. ISSUER ANNUAL VOLUME*
($ billions)& (ranked by card loans)
ISSUER 2005 2006 CHG
BofA $ 368.4 $ 404.5 + 9.8%
Chase $ 301.9 $ 339.6 +12.5%
Citi $ 278.2 $ 304.3 + 9.4%
AmEx $ 350.1 $ 406.8 +16.1%
Cap One $ 73.7 $ 83.2 +12.9%
TOTAL $1372.3 $1538.4 +12.1%
* BofA & Chase include international;
AmEx is U.S.gross volume;
Citi and Cap One are U.S. purchase volume
Source: CardData (www.carddata.com)

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

Details

Vista-Powered PASS Commerce Center Launched

Denver-based IP Commerce and the PASS Consortium have launched the “PASS Commerce Center” for small businesses using “Windows Vista Business” offering credit card processing via Chase Paymentech; financing, including payment protection, small business loans and equipment financing via CIT; remote check deposit service via Banserv; and payment-enabled invoices and online payments vis PayPal. “PASS Commerce Center” services are powered by “IP Payments Framework” from IP Commerce. “IPPF” is a single platform that provides the framework to enable disparate payment applications and services to communicate. “PASS Commerce Center” contains two complementary elements to provide a holistic financial management experience, “PASS Cash Management Center” and the “PASS Gadget.”

Details