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
Direct marketing specialist, Harte-Hanks, is hosting two one-day symposia dedicated to the marketing of credit cards and the retention of credit card customers in China. The two events to be in held in Shanghai (September 12th), and repeated in Beijing (September 15th) are
designed for banks and financial institutions. Speakers will come from the State Post Bureau of the People’s Republic of China, China
Union Pay, MasterCard, Oracle and the China Direct Mail Association, as well as Harte-Hanks. Harte-Hanks has been involved in marketing in the Asia-Pacific region for nearly 10 years, and more than three years in the People’s Republic of China.
Los Angeles and Paris-based Oberthur Card Systems reported that during the first half of 2006 revenues increased 2.3% to $311.9 million. During the six-month period smart card shipments increased by 30% to 114 million cards. However, in the Microprocessor Payment card segment, volumes went down by 25.5% to 31 million units compared to the first half of 2005. Sales of “Other Cards” (magnetic stripe cards, scratch cards and memory $44.4 million, had a 12.2% increase compared last year. The Payment and services segment represents 49.2% of Oberthur Card Systems’ current global revenue. For complete details on Oberthur’s latest performance visit CardData (www.carddata.com).Details
Alliance Data Systems has signed a multi-year renewal agreement to continue providing private label credit card services for furniture retailer American Signature which has about $1 billion in annual sales and 128 retail locations throughout 17 states in the East Coast and Midwest.Details