KBC Group to Deploy NCR Personas M Series ATMs

5, BELGIUM, Country, PriorityLeave a comment

The KBC Group will deploy new NCR “Personas M Series” ATMs. NCR has been selected as the sole ATM supplier to the bank and is now starting to deliver the NCR “Personas M Series 76.” These units enable the bank to quickly and easily introduce image-based, intelligent cash deposit transaction capability, in lieu of envelope deposit. Some of the new machines are also equipped with cash recycling functionality, popular in certain markets, which accepts, validates, sorts and stores deposited cash. The deposited cash can then be re-used and dispensed to subsequent customers who wish to withdraw cash from the ATM.

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Mountain America CU Deploys CardWizard

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Salt Lake City-based Mountain America Credit Union selected Colorado-based Dynamic Card Solutions to implement a program that instantly issues VISA debit cards using “CardWizard” software in conjunction with Datacard’s”150i” branch-level embosser. By offering debit cards instantly at the branch, the credit union eliminates the cost, delay and risks associated with the conventional method of sending newly issued cards through the mail. Mountain America Credit Union has more than $1.8 billion in assets and more than 219,000 members. Dynamic Card Solutions is an instant issuance provider for Visa and MasterCard debit cards.

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VeriFone Targets Drive-Thru Payments

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VeriFone unveiled a rugged and secure drive-thru consumer-operated payment solution that supports credit, debit and contactless cards and integrates with existing VeriFone payment systems for easy implementation. The new “QX720” utilizes a dip-insertion style card reader for magnetic stripe credit and debit cards and the keypad features rugged metal-cap keys in an ATM-style interface. The “QX720” can be mounted at the payment window, where it interfaces with via a small junction box with electronic point of sale systems and existing VeriFone payment systems such as the VeriFone “MX870” or the “Vx Solutions” family. Optionally, it can be mounted at an order board utilizing a serial link and power extension.

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Quick Chek Installs SelfServe

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New Jersey-based Quick Chek convenience store chain, with more than 100 locations in the Northeast, has deployed the Retalix “SelfServe” kiosk ordering system. Retalix SelfServe enables customers to easily place sandwich orders on animated and interactive touch screens throughout the store that are connected to the kitchen prep area and POS. By simplifying the process of ordering sandwiches and other quick service restaurant (QSR) items, the solution frees time for customers to shop and pay at the POS while the order is being filled and has reduced the human error factor. Retalix is an independent provider of enterprise-wide software solutions to retailers and distributors worldwide.

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GEMALTO APPROVAL

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The European Commission has cleared the proposed
Axalto and Gemplus merger. The shareholders and boards of directors of both companies have already approved the transaction and the U.S. antitrust authorities have not raised objections to the transaction. In December, the boards of Axalto and Gemplus unanimously approved a merger of equals to create Gemalto. The $1.1 billion transaction will create a company with annual revenues of $2.1 billion and 11,000 employees. Management of the companies expect to realize joint annualized net operational synergies of approximately $100 million by the third year after closing on a fully phased basis. Alex Mandl, the President & CEO of Gemplus, will assume the position of Executive Chairman and Olivier Piou, CEO of Axalto, will be the CEO of Gemalto. Mr. Mandl and Mr. Piou will jointly constitute the Office of Chairman. Frans Spaargaren will assume the position of Chief Administrative Officer with responsibility for integration, procurement, supply chain and IT and Charles Desmartis will be the CFO of Gemalto. The Board of Directors of the combined entity will be comprised of 11 members, 5 proposed from the current Axalto Board, 5 proposed from the current Board of Gemplus and 1 other independent member will be jointly nominated. Deutsche Bank acted as financial advisor to Axalto and Morgan Stanley as financial advisor to Gemplus. (CFI Library 12/8/05)

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VeriFone Rolls-Out ON THE SPOT

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VeriFone has introduced its “ON THE SPOT” payment systems solution, designed to reduce credit card skimming in restaurants. With ON THE SPOT, customers can pay faster, safer and easier whether dining at the table, utilizing carside takeout and home delivery, or going through the drive-thru. Restaurant owners may also benefit from reduced credit card processing fees when customers use PIN-based debit cards, which incur lower processing fees than signature-based debit and credit payments.

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MC Sweetens-Up the Upromise 529 Program

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MasterCard has inked an exclusive debit relationship with MA-based Upromise to enable “Debit MasterCard” issuers to provide cardholders and their families with automatic bonus rebates, ranging from one to five percent for eligible purchases from participating retailers, towards a college education savings program. The participating issuer bonus contribution is in addition to the contribution funded by the Upromise merchant partner. Upromise has merchant and brand partner coalitions in the USA with 23,000 grocery and drug stores, 35 consumer packaged goods manufacturers, 14,000 gas stations, 8,000 restaurants and thousands of other partner retail locations. Citibank has had a long-standing relationship with Upromise.

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ATM Specialist Global Axcess Unwinds

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FL-based ATM specialist Global Axcess has closed on the sale of 50% of its South African subsidiary, Cash Axcess, to Industrial Electronic Investments a/k/a VenFin. Global Axcess provides turnkey ATM management solutions that include cash, project and account management services. It currently owns and operates over 4,500 ATMs in 42 states and provides proprietary ATM branding and processing for 80 financial institutions with over 750 branded sites nationwide. The Company recently hired Raymond James to review strategic alternatives including a possible sale. (CF 5/17/06)

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RBS Lynk to Access SIRE Network

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Morgan Beaumont has signed an agreement with RBS Lynk, whereby the “SIRE Network,” with over 100,000 locations, will serve as a loading point for RBS Lynk’s stored value card, “CashLynk.” Additionally, Morgan Beaumont has signed a processing agreement with RBS Lynk and will issue its cards on RBS Lynk’s platform to expand the penetration of Morgan Beaumont’s stored value and prepaid card programs.

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CBA to Pilot Gemplus PayPass Cards

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Commonwealth Bank of Australia is launching a six-month trial of
“MasterCard PayPass” cards at more than 150 participating merchants in New South Wales. The test will involve 33,000 CBA cardholders. Gemplus provided the “GemInstant” cards for the trial. Gemplus has been present in the Australian market for many years, which was reinforced in 2000 by setting up a local joint venture, LM Gemplus Pty Ltd. MasterCard “PayPass” is currently accepted globally at 30,000 merchant locations, including participating 7-Eleven, CVS, McDonald’s, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous NFL and MLB stadiums in the USA. (CF Library 5/2/06)

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KING Products to Offer InComm STV Cards

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Atlanta-based InComm has teamed with KING Products and Solutions to offer prepaid wireless products and bill payment services. The alliance enables InComm to provide retailers with self-service kiosks to offer prepaid wireless products and bill payment services. KING has custom developed the kiosk hardware and software for InComm to address the need for a new flexible in-store purchase and payment solution for prepaid and bill payment products. KING Products and Solutions Inc provides complete solutions for multi-media interactive touch screen technology. InComm providees prepaid products and point of sale technology.

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