AXA Advisors Supports the Futuretrust MC

AXA Advisors and A.P. Lubrano & Company have teamed with Mothers Work to open “529” savings plans linked to the “Futuretrust MasterCard”. Futuretrust(R) is a MasterCard(R)-linked college savings program that helps families get a ‘jump’ on saving for college by automatically contributing 1% of a member’s purchases using a Futuretrust MasterCard to a tax-advantaged 529 college savings plan of the member’s choice. Mothers Work, Inc. is the world’s largest designer and retailer of maternity apparel, using its custom TrendTrack(TM) merchandise analysis and planning system as well as its quick response replenishment process to “give the customer what she wants, when she wants it.” AXA Advisors, LLC is a leading provider of financial services for consumers and businesses, working with clients to help them define and meet their financial goals.

Details

PTS Revenues Soar 400% in Second Quarter

Las Vegas-based PTS, which owns part of PTS Card Solutions, reported that second quarter revenue increased more than 400%. PTS Inc.’s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. Another subsidiary of PTS Inc. is Disability Access Consultants (DAC). More than 54 million people in the United States have a disability, a number equal to 20% of the population. PTS Card Solutions Inc. (OTC:PTCD) is a partially owned and controlled subsidiary of PTS Inc. PTS Inc. recently assigned all of its interests in Global Links Card Services to this newly acquired subsidiary, PTS Card Solutions Inc.

Details

Pipeline Date 2Q/06 Revenues Rise 34%

MA-based Pipeline Data posted a 34% increase in second quarter revenue of $8.4 million. The net loss for the quarter was $1.5 million, due to a $2.1 million charge for the early retirement of debt. During the quarter, the Company’s AIRCHARGE subsidiary was approved by the City of Philadelphia Water Department as its wireless payment solution provider. Pipeline also reached an agreement with several institutional investors to purchase $37 million of convertible notes and warrants to be used to refinance short-term indebtedness and to fund acquisitions. In July, the Company completed the acquisition of Paynet Systems. For complete details on Pipeline Data’s latest performance visit CardData ([www.carddata.com][1]). (CF Library 6/13/06; 6/29/06; 7/13/06)

[1]: http://www.carddata.com

Details

Barnes & Noble Online Adds PayPal

Barnes & Noble.com has added PayPal as a payment method. It allows online shoppers to enter and store credit card and billing information in one place, instead of storing and updating this information on multiple sites. PayPal allows customers to shop online with confidence that their financial information will be kept private. PayPal has more than 114 million accounts and is available to users in 55 markets around the world. Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller and a Fortune 500 company, operates 797 bookstores in 50 states.

Details

Tier Online Puts More Emphasis on Payments

VA-based Tier Technologies has completely redesigned its Web site to reflect its focus on electronic payments and services. Offering a vastly improved browsing experience, the new website permits clients, prospects, investors, recruits and the media to quickly and intuitively gather information about Tier’s transaction-based products and services. Tier Technologies, Inc. offers a diversified array of innovative financial transaction and business processing solutions.

Details

87% of U.K. Tills are Chip & PIN Enabled

After six months of full implementation more than 99.8% of all “chip and PIN” card transactions in the U.K. are now PIN-verified. However, only 87% of the 975,000 tills in the country are upgraded to “chip and PIN.” APACS, the UK payments association, says this is changing quickly. The U.K.’s banks and card companies have now issued 130 million chip and PIN cards representing 92% of a total of 141 million cards. APACS noted that thanks to “chip and PIN,” in 2005, there was a reduction of nearly $114 million in counterfeit and fraud on lost and stolen cards, a 24% decrease over 2004.

Details

VISA Ed Site Gives Away 50K Calculators

VISA USA is giving away 50,000 free solar calculators through its “Practical Money Skills for Life” Web site to anyone on a first-come, first-serve basis. Parents, students, teachers, or anyone who would benefit from a new calculator, can go to the home page of the /Practical Money Skills for Life/ Web site to submit a mailing address so Visa can send the free calculator. Visa USA is the nation’s leading payment brand and largest payment system, enabling banks to provide their consumers and business customers with a wide variety of payment alternatives tailored to meet their evolving needs.

Details

BSP Bolivia and BSP Haiti Direct Connect to UATP

BSP Bolivia and BSP Haiti are processing UATP transactions directly with ATCAN. UATP has over thirty BSPs worldwide. UATP works in conjunction with IATA to connect to BSPs around the globe to facilitate and simplify the selling, reporting and remitting procedures
of IATA Accredited Passenger Sales Agents. UATP accounts are issued
by Aer Lingus, Air New Zealand, American Airlines, Austrian
Airlines, Continental Airlines, Delta Air Lines, Japan Airlines, Qantas Airways, United Airlines, US Airways, and VARIG Brazilian Airlines.

Details

ANI Advanced Network to Market ProCash

ATM services provider, ANI Advanced Network, has signed an agreement to supply and support third-party ATM service vendors with Wincor Nixdorf’s entire line of “ProCash” ATMs. ANI and Wincor Nixdorf recently introduced a program which enables qualified ATM dealers to sell, install, service and support the entire line of Wincor Nixdorf products. These products include Wincor Nixdorf’s line of cash systems, full-function ATMs, cash dispensers, cash recycling systems, intelligent deposit systems, and ATS machines in the U.S. market. ANI has been a premier single source provider of ATM related services since 1994. Wincor Nixdorf is one of the world’s leading suppliers of IT solutions to the retail and banking industries.

Details

TNS Smart Network Joins the BlackBerry ISV Alliance

Toronto-based TNS Smart Network has signed an agreement with Research in Motion to join the “BlackBerry ISV Alliance.” The TNS Group uses wireless tools to access real time status, alerts and reports on more than 22,000 ATMs globally. With smart enhancements such as “WebMon,” “AlertPlus” and “BlackBerry” devices, TNS business customers keep their supply chain resources up-to-date resulting in lower declined transactions and more revenue. The TNS Group of Companies includes TNS Smart Network, SPN Processing Network, Smart Processing Solutions and TNS Prepaid Financial.

Details

South Korea LG Card Battle is Over

Shinhan Financial Group has been formally picked as the preferred bidder for South Korea’s LG Card. According to CardFlash International Shinhan has offered more than $7 billion for the credit card issuer. Creditors are looking to unload 51% to 72% of LG Card. Korea Development Bank, which holds 82% of LG Card, is the lead manager of the sale. The deal would be the largest merger deal in Korean history. LG Card has 11 million customers.

Details