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.

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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.

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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.

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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.

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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)

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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.

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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)

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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.

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Fargo Electronics Beefs-Up its Website

Card systems provider, Fargo Electronics, has revamped its Web site, now offering a security assessment tool; printer selector tool; create a system tool; comparison tool; and a visual security demo. Security Assessment Tool is designed to analyze an organization’s card identity program and provide a rate of its risk, this tool recommends steps to take to enhance the security of its cards and card issuance program. The site is also home to ID Solutions, a monthly newsletter for card program managers which includes Fargo case studies, industry news, trends and tips. Fargo Electronics is a global leader in the development of secure technologies for identity card issuance systems, including secure card printer/encoders, materials and software.

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Ingenico Revenues Rise 26% in Q2

Terminal manufacturer Ingenico reported second quarter sales of 135.2 million euros compared to 107.0 million euros for 2Q/05. The Company says sales from Latin America, North America, Australia and Italy drove the higher figures. The Company says the supply-chain dysfunctions that severely hampered operations in 2005 were eliminated during the second half of 2005 and continued to bring positive effects this year. During the first half of 2006, Ingenico posted pre-tax profit of 10.2 million euros, compared to a 23.9 million euros loss booked in 2005. The Company noted that it reduced its workforce to 1,110 permanent employees at mid-year, down from 1,128 at year-end 2005. Ingenico is currently in the process of a merger with MoneyLine and signed a draft merger agreement last week. Ingenico and MoneyLine shareholders will vote to approve the merger on October 31st. For complete details on Ingenico’s latest results visit CardData (www.carddata.com).

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