XBux, a player in action sports performance payouts, has partnered with Ecount to launch the “XBux Prepaid Card”. The Ecount Card is a branded Prepaid Visa Card that is good everywhere Visa debit cards are accepted and can be reloaded by sponsors and supporters. Ecount also provides XBux with custom communications to support the program, including a cardholder website, card, card package and collateral. Ecount provides customized prepaid programs for corporations looking for a simple and convenient way to deliver electronic payments.Details
Paderborn-based Wincor Nixdorf’s CEO, Karl-Heinz Stiller, is stepping down in January, as CFO Eckard Heidloff will become the new CEO. The change is effective January 29th. Wincor Nixdorf is the world’s third-largest supplier of POS systems and ATMs and the number one supplier of POS systems in Europe. Wincor Nixdorf operates in over 90 countries with manufacturing plants in Germany and Singapore.Details
Transaction Systems Architects has reached a shareholder lawsuit related to the Company’s restatement of financials filed in January 2003. The principal terms of the settlement provide for an aggregate cash payment of $24.5 million. Net of insurance reimbursement, the Company expects to recognize a one-time charge related to the settlement of approximately $8.5 million before tax, approximately $5.4 million after tax or approximately $0.14 per fully diluted share, against fourth quarter fiscal 2006 results. Transaction Systems Architect’s software facilitates electronic payments by providing consumers and companies access to their money.Details
Datacard Group unveiled the “Datacard Artista” retransfer color printing module for the its “MX6000” card issuance system. The “Artista VHD” module combines retransfer printing technology with 600 dpi pigment inks to deliver images that rival litho-printed card quality. The technology provides edge-to-edge, full-color print and card personalization capabilities at speeds of up to 1,500 cards per hour?fully inline with a broad spectrum of other personalization technologies. Expected in early 2007, the “Artista VHD” module will be an option for all new and existing “MX6000” systems.Details
SBI Card has added a record one million new customers this year bringing its portfolio to more than three million total cardholders. The non-bank card issuer, a joint venture between the State Bank of India and GE Money, is now the second largest issuer in the country right behind ICICI Bank. SBI Card says it has experienced a compound annual growth rate of 45% on volume and outstandings since the year 2000. The issuer has co-branding relationships with Indian Railways, Lifestyle, LG, Go Air, Vishal Mega-Mart, Hero Honda and Tata. The size of the Indian credit cards market is estimated to be about $4 billion and is growing at 35% per year.Details
The top provider of EFT testing software and consultancy services to the French banking sector, GALITT and Level Four Software have formed a partnership. The alliance enables GALITT and
Level Four to jointly target banks in France with Level Four’s flagship
“ATM TrueTest” product to deliver a comprehensive solution for testing
open standards-based ATM networks. GALITT’s “KaNest” host testing product is used by almost every bank in France to test the messaging protocol used between acquiring devices and transaction processing systems.
VeriFone has extended the NURIT line with the introduction of
three new systems including the “NURIT 8400,” “NURIT 293” PIN pad, and the “NURIT 2930.” The “NURIT 8400” is a highly flexible countertop payment terminal with a full range of dial-up, LAN and wireless communications choices and a wide variety of device interface options.
Featuring an EMV 2000 smart card acceptor and magnetic
stripe card reader, the “NURIT 293” with high speed ARM processor
integrates with third-party POS and ECR systems for smooth and economical migration to PIN-based EMV credit and debit transactions.
The “NURIT 2930,” also provides an EMV migration solution for proprietary ECRs and other systems that lack communications capabilities. The “NURIT 2930” includes a modem, in addition to EMV and magnetic stripe acceptance.
Oberthur Card Systems has developed “WebstiC,” a smart card USB token, based on common authentication standards, for secure online banking access. Account holders can plug the USB key powered by an Oberthur’s microprocessor into an Internet connected PC, identify themselves with a secure PIN and be ready to access online banking services, carry out secure account transfers and check confidential data such as account balances.Details
PrivatBank has increased its POS network with more than 5,000 Hypercom “Optimum T2100” and “M2100” card payment terminals. The card payment terminals were supplied by Servus Systems Integration, the distributor of Hypercom products in Ukraine. Currently, PrivatBank’s number of issued cards exceeds 9.4 million, and there are 3,142 ATMs and 16,626 POS-terminals in its card servicing network.Details
Ingenico has introduced the first color touch screen payment terminal
with integrated tactile keypad to meet requirements for the visually
impaired. The new “i6780” meets California Legislation and proposed ECBS
guidelines for PIN entry devices for use by the visually impaired. The
“i6780” enables retailers to reduce their cost of payment with online
debit while streamlining credit card payment and contract finalization
with electronic signature capture. With a TFT color screen, vivid and
bright colors are easily produced to enhance the interaction with
customers. Additional features of the i6780 are its tempered glass
capacitive screen to reduce scratches and damage, electronic pen for
signature accuracy and EMV levels I and II approved smart card capabilities.
Fair Isaac’s new credit risk scoring service covering 50 million Americans who have little or no credit information on file at the major credit bureaus, is proving to be strong and reliable credit score based a recent study. The “FICO Expansion” credit risk score draws on non-traditional sources of consumer data plus whatever data is available in credit bureau files. The study, which included large lenders from the credit card, auto finance and mortgage industries, found that it consistently assigned lower scores to consumers who later had more delinquencies and charge-offs, while it gave higher scores to consumers who later had fewer delinquencies and charge-offs. Among card issuers participating in the study were HSBC and First PREMIER.Details
Canada’s CUETS is expanding its relationship with Bell ID and Aconite to implement EMV technology to its existing portfolio of card services. Aconite develops and delivers smart card payment solutions to issuers around the world, providing a rapid and cost-effective route to international standards compliance and delivery of innovative card payment solutions to new and existing markets. CUETS is a national supplier and partner in the Canadian co-operative system, providing a complete range of advanced payment systems and services to credit unions, caisses populaires, cardholders, merchants and other organizations.Details