CGI-AMS Inks $50MM in Contracts Globally

CGI-AM has signed over $50 million in contracts for its credit business including PNC and Wachovia. These wins include a number of multi-year managed services contracts for application maintenance, as well as the development, integration and maintenance of credit solutions. The breadth of these strategic contracts indicates CGI-AMS’s capabilities in providing end-to-end credit services. CGI-AMS Inc. is the wholly-owned U.S. operating subsidiary of CGI Group Inc. Founded in 1976, CGI Group Inc. (“CGI”) is the eighth largest independent information technology and business process services firms in the world.

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Pipeline Data Powers Blackberry for Payments

MA-based Pipeline Data’s AIRCHARGE subsidiary has introduced a solution for mobile merchants to accept credit card payments over their BlackBerry wireless devices. The AIRCHARGE “JavaME” software for wireless payment processing is certified to operate on the Nationwide Sprint PCS Network using the BlackBerry “7130e” and the BlackBerry “7250 Powered by Sprint,” as well as the Nextel National Network using the BlackBerry “7100i” and the BlackBerry “7520 Powered by Nextel.” The new AIRCHARGE software and latest version of “AirPro” swipe/printer includes upgrades to the credit card reader, printing speed and battery life. The AIRCHARGE payment processing software can be loaded onto the customer’s BlackBerry over-the-air and is compatible with virtually any merchant processing account.

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Smart Card Alliance Targets State Governments

The Smart Card Alliance Identity Council is urging state governments to strongly consider using smart card technology to comply with the requirements of the federal “REAL ID Act”. The REAL ID Act of 2005 stipulates that federal agencies cannot accept a driver’s license or any other state-issued card for identification purposes after May 11, 2008, unless the state meets the requirements of the Act. The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.

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Banked and Unbanked Utilize Prepaid Cards

A new survey shows that a large number of banked consumers are using prepaid cards as business accounts while the unbanked are using prepaid cards for everyday purchases. The latest “Prepaid Index” from PA-based prepaid specialist Ecount reveals that 40% of its banked cardholders use prepaid cards as business accounts while the remaining 60% of utilization is broken up between luxury purchases and daily purchases. The primary unbanked spending categories include grocery stores(11%); restaurants (11%); gas stations (7%); discount stores (3%) and fast food restaurants (3%). Ecount found that big ticket items abound in the banked spending. The average expense at electronics stores for banked consumers is more than $200, compared to $74 for unbanked consumers. Travel expenses account for more than 8% of banked spending, compared to less than 1% for the unbanked.

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GCA Signs 10 Casinos for Cash Plus ATMs

Las Vegas-based Global Cash Acces has signed contracts to serve ten gaming establishments with its “Casino Cash Plus 3-in-1” ATM and “3-in-1 Enabled QuikJack Plus”. GCA offers a number of products and services, including ATM technology, cashless gaming products and marketing services that help casino patrons access cash, help gaming establishments better understand their patrons, and enhance gaming establishments’ patron marketing activities. Las Vegas-based Global Cash Access, Inc., a wholly-owned subsidiary of 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.

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WaMu Card Outstandings Climb 5% Sequentially

Seattle-based Washington Mutual reported that its cross-selling of credit cards to existing customers is working as the issuer signed-up 274,000 WaMu retail customers for cards out of a total of 771,000 new card accounts during the second quarter. The issuer also added $1 billion in outstandings for the second quarter compared to the prior quarter. Managed card receivables were $21.1 billion at mid-year compared to $20.0 billion at year-end 2005. However, net income for the quarter was $183 million, compared to $225.3 million for 2Q/05. WaMu says credit quality continues to be favorable. At 5.23% of total managed receivables, the 30+ day delinquency rate was up slightly from the prior quarter’s 5.18% and the fourth quarter’s 5.07%. As expected, managed net credit losses were also up slightly from the first quarter but still remain low compared with historical levels. Charge-offs hit 5.99% compared to 5.79% in the first quarter. For complete details on WaMu’s latest performance, visit CardData ([www.carddata.com][1]).

WaMu/Providian Net Income Track Record
2Q/05: $225.3 million
3Q/05: $188.1 million*
4Q/05: $166.0 million
1Q/06: $210.0 million
2Q/06: $183.2 million
* not publicly disclosed
Source: CardData (www.carddata.com)

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

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Givex and ABMIS do a Gift Card Integration

Givex and ABM have successfully integrated gift card
transaction processing into the “MARKET POS” application. Givex’s complete line of gift card services, including card activation,
redemption, increment, cancel, and balance inquiry, have all been
interfaced to the “MARKET POS” application. The integration is entirely seamless and requires no additional equipment In addition to real-time
transaction processing, Givex customers have access to 24/7 support,
online reporting, program administration, card marketing, card
production and more.

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Retriever to Offer Hypercom’s Full Line

Retriever Payment Systems has named Hypercom as a key core provider of card payment solutions. Retriever is offering its customers a full line of Hypercom solutions, soon to include the 32-bit “Optimum T4100” payment terminal, now undergoing final tests for Class A certification. Retriever processes transactions for approximately 100,000 merchant sites, served by more than 600 affiliated sales groups and 3,500 banks.

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NBO & SINDBAD

National Bank of Oman is adding Oman Air’s recently launched
frequent flyer program to its co-branded MasterCard credit card with the airline. The new “Sindbad” program offers cardholders access to special privileges based on card activity and miles flown. NBO currently offers “Money Back” points on its credit cards which can now be converted into Oman Air “Frequent Flyer” points. All co-branded cardholders will automatically become entitled to the “Sindbad” membership, which starts with the entry level called “Green” and has benefits like extra baggage allowance, duty free discounts, advanced seat and meal selection,
personalized membership card and baggage tags. The next highest level is “Gold” which entitles the cardholder to VIP service. NBO and Oman Air began issuing their co-branded MasterCard in 2003.

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$$$ ON THE NET & WebRezPro Integrate

World Web Technologies and Shift4 have entered into a preferred partnership. The companies now offer a seamless, fully integrated payment process for all properties in the hospitality industry looking for a hosted solution. “WebRezPro” is a web-based property management system created by World Web Technologies. “$$$ ON THE NET” is the real-time electronic payment gateway system from Shift4. By creating an interface to Shift4’s “$$$ ON THE NET,” “WebRezPro” is able to offer its users high-speed connections to any processor, including direct processing to American Express.

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Rising Energy Costs Raise Card Usage

The latest “Personal Credit Index” shows that 64% of consumers say that the rising cost of energy has forced them to cut back on their personal discretionary spending. Seventy-five percent of families with incomes of less than $40,000 a year and 68% of households making $40,000 a year but less than $75,000 annually say they have had to curtail other spending due to the high cost of gas and energy prices. Close to half of families earning $75,000 or more also have cut back on their spending. The Experian-Gallup poll for the second quarter also showed that 16% of families with incomes of less than $40,000 a year and 21% of households making $40,000 a year but less than $75,000 annually say they have increased their credit card spending as a result of the rising energy costs. Only 13% of families earning $75,000 or more have cut increased their credit card use. Overall, 16% of consumers have increased their credit card spending in the second quarter due to rising energy costs.

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