ORCC Hires a Head of eCommerce Services

VA-based Online Resources has hired Robert Craig, who co-founded REMITCO, as EVP and GM of eCommerce Services. Mr. Craig comes to Online Resources with extensive entrepreneurial and leadership experience in the payments industry. In 1996, he co-founded REMITCO, a remittance processing company dedicated to the specialized payment processing needs of corporations serving millions of consumers in the credit card, telecommunications and utility industries. Online Resources powers web-based financial services for 2600 financial institutions, billers and credit service providers.

Details

TSYS Certified for MasterCard Prepaid

TSYS has been certified to support open-loop prepaid cards in Europe on the MasterCard network including capability for chip-and-PIN processing. The announcement marks another milestone in a long-standing relationship between TSYS Card Tech, acquired by TSYS earlier this year, and MasterCard. MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. TSYS (tsys.com) is one of the world’s largest payment-services companies, offering a broad range of packaged and outsourced issuing or acquiring technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies worldwide.

Details

UniCredit Banca Acquires 1000th Personas ATM

UniCredit Banca of Milan has purchased its 1,000th NCR “Personas M Series 86” ATM from NCR with image-based check and cash deposit functionality. NCR’s “No Envelope Deposit” technology utilizes NCR’s Windows-based “APTRA” software to enable the capture of check and cash deposit images at the ATM or any remote location. NCR’s “ImageMark” deposit technology is the most deployed ATM imaging solution on the market, both domestically and in international markets. UniCredit Banca is the fourth largest banking group in Europe.

Details

Evolution Benefits Ranks a Rising Star

CT-based Evolution Benefits has been ranked 16th on the Deloitte & Touche recently released annual “Technology Fast 500 Rising Star” list for North America. Deloitte’s Fast 500 Rising Star list recognizes a special category of 25 of the fastest growing technology, media, telecommunication and life sciences companies headquartered in the United States and Canada that have been in business just three or four years. Evolution Benefits, Inc., headquartered in Avon, Connecticut, began operation in 2002 with a commitment to supporting the movement toward greater consumer choice in and responsibility for employee benefits. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu.

Details

CIGNA & Metavante Launch Health/e/Pass

CIGNA HealthCare, with the help of Metavante, has launched a new solution designed to simplify and improve payment processes to help patients anticipate and manage their health care costs. The new “Health/e/Pass” will feature American Express’ hold-and-settle process that reserves the patient’s payment from their funding source, such as a health savings account or line of credit, and releases the patient payment at the same time the insurance claim is settled. “Health/e/Pass” will be made available by CIGNA at no additional cost for providers that accept credit cards. Using the AmEx hold-and-settle process, “Health/e/Pass” will deliver the ability for patients to reserve payment from their health funding accounts. CIGNA HealthCare plans to launch “Health/e/Pass” with select employers, members and providers in 2007, with subsequent roll-outs across the country.

Details

eFunds’ Profit Rises 7% in 3Q/06

AZ-based eFunds reports that third quarter net revenue increased 5% to $139 million, compared to the same quarter of 2005. Third quarter net income grew 7% to $15 million, compared to 3Q/05. The Company posted a 3% year-on-year gain in its U.S. Payments segment with $74.3 million in revenue. The International segment soared by 28% to $16.8 million. However, the U.S. Risk Management segment was flat at $48.3 million. eFunds also reported that it now expects full year net revenues to increase 11% to 13% over 2005 net revenues. For complete details on eFunds’ third quarter performance, visit CardData (w[www.carddata.com][1]).

eFunds Revenue Historical
3Q/04: $140.1 million
4Q/04: $130.5 million
1Q/05: $114.2 million
2Q/05: $116.3 million
3Q/05: $133.2 million
4Q/05: $138.0 million
1Q/06: $139.7 million
2Q/06: $132.4 million
3Q/06: $139.4 million
Source: CardData (wwww.carddata.com)

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

Details

Ruesch Bird Dogs for Global Payments

Atlanta-based Global Payments has inked a referral agreement with Ruesch International, a premier provider of business-to-business payment solutions. Under the terms of the agreements, Ruesch International will refer clients who have payment card processing needs to Global Payments; and, in turn, Global Payments will refer agent banks and business clients to Ruesch International for their cross-border payment processing and foreign exchange transaction needs. Ruesch International is a leading global financial institution specializing in international business-to-business payment products and solutions. Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi- national corporations and gaming establishments located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific Region.

Details

U.S. Bank’s Elan Signs 21 Deals in Q3

U.S. Bank’s Elan Financial Services has signed agreements with 21 financial institutions during the third quarter to provide credit card outsourcing services to their customers. The new agreements cover $82.1 million in combined outstanding balances. Elan has signed 55 partnerships representing $224.2 million in outstandings in the past three quarters alone. This number is up 56% compared to this time last year. Elan is the largest agent credit card program in the U.S. with more than 1,500 clients in 50 states.

Details

Pemco Technologies Signs a PA and CA CU

PA-based Franklin County Teachers CU has selected Pemco Technologies for VISA credit and debit processing, and for a credit and signature debit awards program plus CA-based Matadors Community CU has selected Pemco for credit card services and a cardholder rewards program. Franklin County Teachers Credit Union, with assets of more than $80 million and 7,500 members, has selected Pemco Technologies for Visa credit and debit processing, and for a credit and signature debit awards program. Matadors Community Credit Union, with assets of $115 million and more than 13,500 members, has selected Pemco Technologies for credit card services and a cardholder rewards program. Pemco Technologies provides innovative payment solutions to the financial industry including credit and debit card processing, ATM services, cardholder award programs, fraud management, and gift card programs.

Details

Click&Buy to Power Acclaim Games’ eWallet

NY-based Click&Buy has signed a deal with Acclaim Games to provide a payment system for Acclaim’s virtual wallet. Click&Buy is more than a payment processor. Merchants, such as Acclaim, outsource all or part of their eCommerce activities to Click&Buy, who not only manages the payment process, but also offers live customer support for consumers, credit card fraud detection, monthly invoicing and easy implementation of various payment methods. Click&Buy processes, handles and manages digital and paid content for games, songs, movies, streaming video, podcasts, RSS, television, publishing and mobile devices. The Click&Buy Group is headquartered in Switzerland with major offices in New York, London, Paris, Germany, Mexico, Belgium, Austria, Italy and India. Acclaim Games is a revolutionary new company with a familiar name.

Details