Discover Card’s “Fall Shopping Survey” has found that 31% of consumers plan to spend $300 or more on essential fall items such as clothing, home decor, home office and school supplies, while 16% plan to spend $500 or more. Sixty-eight percent of consumers surveyed will pay for their fall purchases with cash or checks, while 31% will use credit cards. Sixteen percent plan to use their credit card rewards to pay for purchases. The survey also found that school supplies is the second most popular purchase after clothing, with 15% of consumers saying they will spend the majority of their fall funds on back-to-school gear.Details
Global Cash Access has signed a multi-year agreement with Columbia Sussex Corporation and its nine gaming establishments to utilize GCA’s “QuikCash” cash advance terminals. GCA offers a number of products and services, including ATM technology, cashless gaming products and marketing services that help casino patrons access cash and help gaming establishments better understand their patrons, and enhance their patron marketing activities. QuikCash(TM) cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with POS debit card and credit card cash advance transaction options. Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.Details
Following its launch on July 13, a few thousand trend
scouts already have access to the revolutionary spam-free one to one
digital communication services of ComBOTS. Payments for ComBOTS tools
are processed through the customer friendly GlobalCollect payment
platform. ComBOTS Group selected GlobalCollect to process the ComBOTS
shop customer payments. ComBOTS has invented new personal digital
communication channels and tools enabling the use of characters and
animated illustrations that can be purchased online to personalise and
communicate emotions in real-time. The company’s “FriendlyWare” will be
released to the general public on September 1st, the first day of
the Internationale Funkausstellung in Berlin.
Deutsche Bank has launched a full suite of credit cards following its roll-out of retail banking last year in the country. The new Deutsche cards include “Classic,” “Gold,” “Platinum”
and “Corporate” credit cards which can be personalized. Cardholders have access to more than 40 credit card designs which have been selected across categories as diverse as music, wildlife, zodiac signs, sports and child art. This feature has been introduced for the first time in India. Deutsche Bank’s product ambassadors in India – the legendary cricketer Sunil Gavaskar and tennis icon Sania Mirza – will promote Deutsche Bank credit cards in India.
Malev Hungarian Airlines and Citibank have launched a co-brand credit card which will be available for individual customers beginning August 1st. The new MasterCard offers a welcome gift of 2,000 points for “Silver” cardholders and 4,000 points for new “Gold” cardholders. Also, on the occasion of the first flight after joining the “Malev Duna Club,” a joining gift of 2,000 points is rewarded to the “Silver” cardholders,
while this gift is 6,000 points for “Gold” cardholders. “Silver” cardholders earn 1 point after each HUF 250 spending and
double points are logged in the first three months, while the “Gold”
cardholders receive 2 points for a spending of HUF 400 with their credit
card, and double points are logged in the first six months. The annual fee for “Silver” main cardholders is HUF 6,400, while “Gold” main cardholders are charged an annual fee of HUF 16,400.
VASCO Data Security International reported that revenues for the second quarter increased 50% to $18.5 million. Net income soared by 92% to $3.0 million. Approximately 2.7 million “Digipasses” shipped in the second quarter, an increase of 71% from 2Q/05. The Company also won 361 new customers in the quarter (46 banks and 315 enterprise security).
VASCO also says it has won 15 new U.S. banks in the second quarter for corporate banking applications. This is a record in the company’s history. The Company expects revenue growth of 35% to 45% for the full-year 2006 over full-year 2005. For complete details on VASCO’s latest results visit CardData (www.carddata.com).
CA-based Secure Wireless Transfers Corporation has launched a mobile commerce Beta application and service at the Bank of the West Beach Surfing Games this week in Huntington Beach, CA. The new “KushCash” service enables surfer winners to be paid directly to their mobile phones. The Company has set up registration kiosks and promotional giveaways at its booth and throughout the event. Participating merchant vendors at the Festival Village will be accepting “KushCash” mobile payments and offering discounts for items purchased with the new service. Consumers can also transfer money to another party.Details
True Product ID has signed a licensing agreement with Mondex
Capital, whose parent Mondex is a part of the MasterCard
International suite of smart card products. The terms of the agreement
grant MCI the exclusive rights to utilize TPID’s technology in Korea and
Japan for an initial term of three years. The use is limited to the
manufacture and distribution of credit cards and card-related services
such as smart card products. TPID will receive a royalty of 7.5% of the
gross receipts received by MCI and its affiliates from sales utilizing
the licensed technology and an up-front rights acquisition fee of $50,000 per country.
Spending on plastic cards in the first six months of this year hit a record GBP 151 billion of purchases. Debit cards continue to dominate, accounting for 70% of the purchases made in the UK. During June, actual spending on debit cards reached GBP 16.2 billion and credit card spending amounted to GBP 10.2 billion. About 543 million purchases were made on plastic in June (377 million on debit cards and 166 million on credit cards) an increase in 4.9% on June 2005. Of these purchases, two-thirds took place on the high street, with the strongest contribution in the food and drink and household sectors, reflecting the warm weather and the impact of the World Cup. The figures come from APACS, the UK payments association representing card companies.Details
Toronto-based Givex and ExaDigm have successfully integrated the
Givex gift card and loyalty program processing into the “ExaDigm XD1000” and “XD2000” POS terminals. The “XD1000” and “XD2000” now support the full range of Givex transaction types, across both direct dial and SSL. The “XD1000” features the industry’s first removable WiFi card, while the “XD2000” offers interchangeable modems, supporting IP, dial, WiFi cellular wireless and bluetooth connectivity options, ensuring compatibility in virtually any environment. Combined with
Givex functionality, they make for a well-connected and dynamic POS
Smart card specialist Gemplus International reported a 5% jump in net sales for the second quarter driven by growth in the Financial Services and ID & Security units. Second quarter revenues climbed to $315.5 million, compared to $259.4 million in the prior quarter and $301.4 million for 2Q/05. Gemplus shipped 20.8 million units of payment microprocessor cards during the quarter, up 24% year-on-year. Payment microprocessor card revenue rose 2% year-on-year. The Company noted that it been chosen by Commonwealth Bank of Australia for Australia’s first MasterCard “PayPass” pilot. The six-month trial will be rolled out in New South Wales, with the first phase involving 33,000 cardholders who will be able to use their MasterCard “PayPass” cards at more than 150 participating merchants. Gemplus is currently merging with Axalto to create Gemalto. For complete details on Gemplus’ second quarter performance visit CardData (www.carddata.com).
GEMPLUS NET SALES HISTORICAL
Source: CardData (www.carddata.com)
Standard Chartered Bank has introduced the “Standard Chartered Super Value Titanium MasterCard” credit card. This is the first card in India to offer a lifetime cash-back at a flat rate of 5% as a permanent feature and not a promotion. Cardholders earn 5% cash back on fuel and
telecom usage, and 1% on all other categories. The card also offers free airport lounge access at all Clipper lounger across the country. Standard Chartered Bank is India’s largest international bank.