MasterCard to Sponsor Baseball Through 2010

MasterCard Worldwide and Major League Baseball have signed a new global sponsorship agreement through the 2010 season. Along with its sponsorship of MLB, MasterCard has sponsorship alliances with 17 MLB Clubs, including a new relationship with the New York Yankees this year that, for the first time, makes MasterCard the preferred card of both NY-based Clubs. MasterCard also noted that 12 MLB ballparks began accepting MasterCard “PayPass” this season. As part of the deal, MasterCard will make significant media commitments to regular season and “Jewel Event Major League Baseball” broadcasts. They also will be a participating sponsor at “MLB All-Star FanFest,” the interactive baseball theme park that opens “Major League Baseball All-Star Week,” and will be a title sponsor of one of the event’s major attractions. MasterCard has been an official sponsor and the preferred card of Major League Baseball Properties since 1997 and MLB Advanced Media since 2001.

Details

ViVOtech Receives a Best Vendor Award

ViVOtech has been honored with a MasterCard “Best Vendor Partner Award.” The Company was the first vendor to deliver stand-alone contactless readers for MasterCard “PayPass.” ViVOtech has delivered more than 15,000 contactless readers. ViVOtech was also the first vendor to receive global certification under the MasterCard “PayPass” program. The “ViVOpay 5000 Global” readers offer EMV and non-EMV contactless transactions. “PayPass” has been rolled-out in the U.S., Taiwan, Malaysia, Australia, China, Japan, Thailand, the Philippines, Lebanon and South Africa.

Details

Pay By Touch Lands a Home Depot Exec

San Francisco-based Pay By Touch has hired John Costello, former EVP of Merchandising and Marketing for The Home Depot, as President/Consumer & Retail. Costello brings more than 25 years of general management, retail and technology leadership to Pay By Touch. In his new role, he will work closely with John Rogers and John Morris, Pay By Touch’s President and COO, to lead the company’s biometric authentication and payment services, while also spearheading its new personalized marketing and online services lines of business. Pay By Touch is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions.

Details

JULY DEBT

Credit card debt soared to a new record of A$36.7 billion in July. After
setting a new monthly high in May, credit card volume has declined for two
consecutive months. Card volume dropped to A$15.4 billion during July, compared
to A$15.7 billion in June. During the past twelve months, credit card debt has
increased 17% in Australia. For July, credit card balances increased $100
million from the previous month. One-year ago credit card debt stood at A$31.4
billion. Gross dollar volume on credit card and charge cards was A$13.5 billion
one-year ago. Year-on-year credit card volume has increased 14% in Australia.
Card credit limits reached A$98.8 billion at the end of July, compared to
A$87.2 billion for July 2005. There are currently 13.0 million credit card and
charge card accounts in Australia, compared to 12.1 million one-year ago.

Details

GE Money & PeachDirect Intro a Card

Los Angeles-based PeachDirect, a direct-to-consumer retailer has launched the “PD Platinum Card(TM) with GE Money’s Retail Sales Finance unit. The new card is now available to consumers nationwide through the company’s Web site at www.peachdirect.com. PeachDirect is a direct-to-consumer retail company offering brand-name consumer products. GE is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world’s toughest problems.

Details

Qualtex Teams with Triton & Dash ATM

Qualtex has joined Triton’s VAR program and has has partnered with Dash ATM to provide complete ATM and kiosk solutions for banks and credit unions in Illinois, Indiana, and Wisconsin. Dash ATM manufactures environmentally controlled drive-up and walk-up ATM enclosures. Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 145,000 installations in over 23 countries worldwide. Qualtex is a leading provider of ATM hardware and processing services, managing over 1500 ATMs in the United States.

Details

DuPure Selects the Mobilescape 5000

DuPure International has selected Commerciant’s “Mobilescape 5000” wireless terminal for its fleet of service trucks. Consumers are concerned about the possibility of their paper checks and credit card numbers being stored in a service vehicle until it returns to the main office, and are often uncomfortable allowing their credit card numbers and personal check information to leave their sight. At DuPure International, our passion for quality water is as strong today as it was the day we opened our doors for business. Commerciant, LP is the leader in wireless, handheld payment processing technology.

Details

Blue Lane & NetSPI Team for Server PCI

Blue Lane Technologies and NetSPI have partnered to address the “PCI” issues surrounding server security and have released a whitepaper entitled “Inline Patches for Enterprise Servers: A Better Approach for Achieving Payment Card Industry Compliance”. The Blue Lane PatchPoint system provides the only secure alternative to immediately install the vendor security patch. NetSPI is a leader in risk, compliance and security consulting services. Blue Lane provides the industry’s first inline patch proxy for enterprise servers that fixes application-specific vulnerabilities at the root cause by checking for the same conditions and applying the same corrective action as the software vendor security patch.

Details

AmEx & JetBlue Unveil a Small Biz Card

JetBlue Airways and American Express are expanding their cobranding relationship with the introduction of the “JetBlue Business Card from American Express.” The new card will offer small business owners an automatic 5% discount on JetBlue flights, plus one “Award Dollar” on all purchases. Other AmEx “Business Card” users receive an automatic 3% discount on JetBlue purchases. The new card also offers double “Awards Dollars” on select small business purchases, including JetBlue travel, gasoline, office supplies, wireless phone charges, and car rentals. Cardholders receive 5,000 “Award Dollars” with their first purchase. Three card designs are offered online. The annual fee is $40. AmEx and JetBlue rolled-out their first cobranded consumer credit card last July. (CF Library 7/22/05)

Details

Fraud Fighting Requires the Right Tools

A new report says that since bank credit card detection departments often do not share systems, criminals can prey on customers in different divisions without raising a bank-wide red flag. The white paper by NY-based Fortent says that criminals generally thwart rules-based systems and that the financial cost of fraud to a company may be three or more times the value of the fraud loss amount. However, a more powerful fraud detection infrastructure can reduce reputational risk and customer confidence, plus prevent damage to an institution’s market capitalization and profitability. The report concludes that fraud is fixable with the right tools. Fortent’s clients include Chase, Barclays, First Hawaiian, Lloyds TSB, Royal Bank of Scotland, Washington Mutual and many others.

Details

WebBank to Issue MasterCards for Genesis

OR-based Genesis Financial Solutions and Salt Lake City-based WebBank have inked partnership agreements. WebBank will issue MasterCard products on Genesis’ behalf, and Genesis will purchase the resulting receivables. The contract between the parties, which runs through yearend 2008, calls for Genesis to present a variety of market-driven card programs to consumers in a wide range of credit classes, including near-prime. The partnership anticipates more than 100,000 active credit card accounts at WebBank by yearend. WebBank will also issue consumer loans with Genesis’ Consumer Lending division. Genesis began issuing consumer loans in 2003 and started card issuing in 2004. Genesis doubled in size earlier tis year following the first quarter acquisition of a credit card portfolio comprising more than $250 million in receivables. Genesis was created in 2001 by executives from sub-prime specialist, Renaissance Holdings, (acquired by Household International in 2000). (CF Library 3/1/06)

Details

MasterCard Launches a B2B Ad Campaign

MasterCard is launching a new business-to-business advertising campaign next month in the U.S., U.K., Europe, Asia and Australia. The “Heart of Commerce” campaign will be comprised of five ads with the central theme of: “A piece of plastic that lives in your wallet.” The campaign will target customers, acquirers, issuers and merchants, and builds on MasterCard¿s new corporate positioning. The ads will run primarily in business-to-business publications worldwide but also in publications with a slightly broader-based readership, such as The Financial Times and The Wall Street Journal. MasterCard says it will continue to roll out this campaign in additional markets early next year. Creative for the new B2B campaign was handled by McCann Erickson/New York.

Details