Chicago-based Rewards Network’s frequent flyer members who have achieved “Elite” status based upon their dining activity in the various Rewards Network programs will receive an additional five miles per qualified dollar spent for a total of ten miles per dollar through December 31st, 2007 and “Priority Club Rewards Dining” members with “Elite” status receive an additional eight hotel points per qualified dollar spent for a total of sixteen points per dollar through December 31, 2007. Membership in each of these dining programs managed by Rewards Network is free. Rewards Network (AMEX: IRN), headquartered in Chicago, Illinois, is a leading provider of marketing services and loyalty programs to the restaurant industry.Details
China Construction Bank has awarded Wincor Nixdorf a follow-up contract for 900 ATMs to expand its existing network. Wincor Nixdorf will assume responsibility for servicing the machines. The present order includes “ProCash 2000xe,” “ProCash 2050xe” and “ProCash 2150xe” systems. The solution package also contains software that will allow the
operation of the systems in the network to be monitored online. In a
first step, this software will be implemented for a group of 350 systems
that includes ATMs from other vendors.
Duncan Solutions and Peppercoin have partnered to bring new features to multi-space parking pay stations via Peppercoin’s expertise in small ticket credit and debit card transaction processing. These pay stations reduce costs and street clutter by handling up to 10 parking spaces on a single meter. Duncan Solutions, Inc. is the largest company of its kind offering a single source for single, multispace and in-car parking meters, parking citation issuance handheld computers, citation processing and debt collection services. Peppercoin is a small payments technology company transforming routine card transactions into new revenue opportunities.Details
Postal Savings and Remittance Bureau, one of the country’s fastest-growing national ATM networks, has inked a contract to deploy more than 300 Diebold “Opteva” cash dispensers running on “Agilis” software. With a growing network of more than 6,000 ATMs dispersed throughout 36,000 business outlets, POSB serves approximately 270 million customers and is now China’s fifth largest financial service provider. Diebold also recently secured a contract to deliver 1,200 ATMs to China Construction Bank, and another agreement to deliver nearly 300 self-service Bulk Cash Recycle Machines to the Bank of China.Details
Digital online payment card design is taking-off and one company specializing in the new technology has been listed as one of the “Top 10 Technology Companies to Watch.” The firm says enabling consumers to design their own cards online is a becoming a customer expectation and offers phenomenal viral marketing potential. London-based Serverside Group was recently bestowed with the award by Bank Technology News.
Currently, 26 financial institutions globally have taken advantage of Serverside’s technology, including Abbey, ING, Advanta, First National Bank of Omaha and KBC. Earlier this year, one Serverside client generated an exceptional 120,000 responses from 10,000 emails, according to the Company. Serverside also notes that feedback indicates that front of the card customization leads to front-of-wallet utilization. The company, which also has offices in the U.S. and New Zealand, has strategic alliances with VISA, Datacard and Getty Images.
VISA International has promoted Thomas M’Guinness as general counsel and corporate secretary, effective October 1st. From 2002 to 2004, he was EVP, general counsel and CFO for VISA’s Latin America and Caribbean Region, and is currently the deputy general counsel for VISA International. He first joined VISA in 1997 as staff counsel. M’Guinness is replacing Guy Rounsaville who leaves Visa at the end of the month.Details
Lipman Electronic Engineering shareholders voted to
approve, adopt and ratify the merger agreement with VeriFone Holdings. The shareholders also agreed to approve the merger of a VeriFone subsidiary with Lipman, so that Lipman would become a wholly-owned subsidiary of VeriFone. On April 10th, VeriFone and Lipman announced the signing of the merger agreement. The merger is expected to be completed on November 1st.
IP Commerce and Coalfire Systems have jointly introduced a program to provide Independent Software Vendors with an efficient and more cost-effective way to gain “Payment Application Best Practices” compliance. PABP is a set of Visa recommendations derived from the Payment Card Industry Data Security Standard (PCI DSS) and the PCI Security Audit Procedures that are intended to protect cardholder data and ensure that members, merchants and service providers maintain the highest level of information security. The Coalfire Systems, Inc. team members are specialists in IT audit, information security and regulatory compliance. IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business.Details
According to tests conducted by Neal Nelson & Associates, a Tyan mid-tower server using “AMD Opteron” processors and “Seagate Cheetah” disk drives processed over 17,000 transactions per minute at a cost of $0.18 per transaction per minute. The test system included a Tyan S2881 motherboard, two AMD Opteron processors Model 256 with two Seagate Cheetah 15,000 RPM Ultra 320 SCSI disk drives. System integration and system tuning were provided by the Neal Nelson & Associates staff. Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.Details