Hudson’s Bay Renews ADS AIR MILES Program

Hudson’s Bay Company has signed a renewal agreement as a national sponsor in Alliance Data’s Canadian “AIR MILES Reward Program.” Additionally, Hbc will now become a rewards supplier in the program. A
top-15 “AIR MILES” sponsor, Hbc operates more than 570 stores across every province in Canada. Approximately two-thirds of Canadian households actively collect reward miles.

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TeacherDollar Cards Launched in Connecticut

Hartford Public Schools has launched a pilot of the “TeacherDollars” debit card. In cooperation with The Robert & Margaret Patricelli Family Foundation and card technology from Evolution Benefits the school district wants to give teachers special purpose debit cards to buy instructional and motivational supplies for their classrooms. A total of 78 teachers plus the principals and family resource aides from two Hartford area schools have received “TeacherDollar Cards” in the pilot. Each teacher will have $300 on their card to buy needed instructional and motivational materials for their students in the classroom during the school year. Principals and family resource aides will have $1,000 on their cards to buy necessary supplies. A program coordinator will manage the program on-site at each school.

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YeePay Lands Another Round of Funding

YeePay announced the completion of a round of financing led by Draper Fisher Jurvetson, DFJ Dragon and joined by Intel Capital China, WR Hambrecht and several other institutional investors. YeePay also announced the addition of two board members, Tony Luh, Managing Director of DFJ Dragon, and Lee S. Ting, Managing Director of WR Hambrecht and an
independent board member of the Lenovo Group. YeePay is the first company to provide integrated multi-channel payment solutions that not only support online transactions over the Internet, but also facilitate offline payments based on mobile phone or landline, which cover a much broader user base and can be applied to a greater number of traditional businesses in China.

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VCT & AMEX

American Express has reached a licensing arrangement with Versatile Card Technology for production of clear payment cards. AmEx issued the world’s first truly clear, transparent card, “Blue” in Australia in July 2001 and then introduced the first truly clear, transparent card product in the U.S. in 2002 with “Blue.” American Express currently is using the technology for “Blue,” “Blue Cash” from American Express and several other card products. AmEx is the owner of numerous patents covering such cards and the processes and components necessary for producing them. VCT is licensed under the American Express patents to produce cards for other card issuers that are truly clear and transparent, using the same patented technology incorporated in American Express’s own card products.

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FDC Hires a New Head of Debit Processing

First Data has rehired Todd Strubbe, who was a key member of its leadership team from 1995 to 2000, as president of First Data Debit Services. Strubbe joins First Data from West Corporation, where he has served as president of West Interactive Corp., which delivers outsourced interactive voice response and advanced speech recognition applications for Fortune 1000 companies. Prior to joining First Data, Strubbe was an engagement manager with the strategic consulting firm McKinsey & Company, and was an infantry officer in the U.S. Army. First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide.

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i-mode Mastermind Joins Market Platform Dynamics

MA-based Market Platform Dynamics has hired Carl Atsushi Hirano, regarded as the mastermind behind NTT DoCoMo’s “i-mode” alliance and payment strategy, to devise profitable mobile and Internet-based payment and content strategies for its clients. From 1999 until 2006, Carl led DoCoMo’s i-mode Alliances of the Multimedia Service Department and was Managing Director of DoCoMo.com, Inc., a corporate venture capital and consulting firm on mobile content, which is a wholly owned subsidiary of DoCoMo. Prior to joining DoCoMo, Carl worked for the Investment Bank Division of the Industrial Bank of Japan, Ltd (IBJ). Market Platform Dynamics (MPD) is a management consulting firm that designs smart strategies for platform-based businesses.

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Nationwide Bank Joins the Allpoint Network

OH-based Nationwide Bank has joined the Allpoint surcharge-free ATM network. This new agreement joins Allpoint’s surcharge-free ATM network to Nationwide Bank’s existing relationship with Visa(R)/PLUS(R) ATM, a network with more than 1 million ATMs in 162 countries. Customers who use an Allpoint ATM will not pay the terminal fee — typically charged by the owner of the ATM — for their transaction. Nationwide Financial Services, Inc. received approval from U.S. regulators to expand the powers of its limited purpose federal thrift, and to operate as Nationwide Bank.

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Capital One Sponsors the March of Dimes

Capital One is sponsoring “March of Dimes” fund-raising efforts in Louisiana and the two largest cities in Texas. This new partnership increases Capital One’s involvement with March of Dimes. On July 13, Capital One introduced a new debit card option for its Louisiana and Texas banking customers designed to increase awareness and support charitable giving to the March of Dimes and five other leading national organizations serving children. March of Dimes is a national voluntary health agency with the mission to improve the health of babies by preventing birth defects, premature birth and infant mortality. Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with more than 324 locations in Texas and Louisiana.

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PFS Signs a Major PBT Client in California

Pacific Financial Solutions has inked a deal for managing “Cashless ATMs” for a California based client that owns and operates PBTs in six western states and expects to operate over 250 units by year end. Pacific Banking Services monthly debit transactions during the first half of 2006 have improved 156% over the same period one year ago. Pacific Financial Solutions, Inc. (www.pfuo.com) is a premier global distributor of financial services and products and provides its customers with a wide array of prepaid stored-value and kiosk enabling devices.

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SAINSBURY ATMS

Sainsbury’s Bank has launched a major campaign to fight ATM skimming. The bank is shelling out GBP 3.5 million on security for its 885 cash machines. The value of cash machine fraud in the U.K. during the first three months of this year was GBP 21.4 million, an increase of
54% when compared to the corresponding period in 2005. Sainsbury’s
Bank’s analysis of industry data reveals that between 1996 and 2005,
the value of cash machine fraud grew by on average 37% a year. It also
estimates that between 2000 and 2005, the amount of money stolen through
this crime increased by a staggering 260%. ATM “skimming” accounts for the greatest proportion of cash machine fraud in the U.K. The practice of “skimming” involves attaching a small electronic device to the card entry slot of a cash machine to record a card’s details without the cardholder’s knowledge. The criminal is then able to produce a counterfeit card and withdraw money at a cash machine. Sainsbury’s Bank opened for business in early 1997 as a joint venture with Halifax Bank of Scotland (55% Sainsbury’s, 45% Halifax Bank of Scotland).

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