Austin Logistics is increasing its presence in the UK and Europe as global markets and market trends in risk, collections and retention increase demand for the company’s predictive decisioning solutions worldwide. As part of the move to capture rapidly emerging opportunity and to provide in-market sales, service and help desk support, the company announced it is partnering with TDX Group, Nexcom Solutions and Geomant to sell, distribute and deploy its full line of predictive analytic-based solutions throughout the UK and Europe.Details
RAKBANK has launched its new “RAKBANK Titanium
MasterCard” using Card Tech Limited technology. The card carries a
no-fee guarantee that provides its holders with multiple benefits
including a cash back incentive of up to 2% on all purchases made.
The cards are linked with extensive discount programs for healthcare
facilities, travel agents and restaurants. In 2000, RAKBANK in conjunction with CTL, launched a MasterCard and a VISA credit card linked with extensive discount programs for healthcare facilities, travel agents and restaurants. Card Tech Limited provides
payment association certified solutions. RAKBANK is the National Bank
of Ras Al-Khaimah.
CyberSource reported that revenue in the first quarter increased 40% to $15.6 million compared to the same period last year. However, net income for the quarter was down slightly from 1Q/05 to $900,000. Transaction volumes increased to a record 196.4 million during the quarter, a 43% increase over the 137.7 million transactions processed in the same period last year. The company also added about 1,600 new customers in the first quarter. The company’s total customer count is now more than 14,000. During the quarter, the company announced the acquisition of BidPay.com, Inc. from First Data Corporation for $1.8 million in cash. For the second quarter the company projects total revenue to be $16.0 million. For complete details on CyberSource’s lates results visit CardData ([www.carddata.com]).
Credit card debt took a strong upturn in February, hitting a new high of nearly A$35 billion. During the past twelve months, credit card debt has increased 15% while credit card volume rose 10%. For February, credit card balances increased to A$34.7 billion following a record high of A$34.3 billion in December. One-year ago credit card debt stood at A$30.3 billion. Gross dollar volume on credit card and charge cards in February was A$14.2 billion, compared to A$12.9 billion one-year ago. Card credit limits reached A$93.6 billion at the end of February, compared to A$83.0 billion for February 2005. There are currently 12.7 million credit card and charge card accounts in Australia, compared to 11.7 million one-year ago.Details
ACI Worldwide has introduced the “ACI Wholesale Payments System” for SEPA, a global payments processing engine. The SEPA project not only aims to improve the efficiency of cross-border payments but also aims to develop common instruments, standards, procedures and infrastructures to foster substantial economies of scale. As the back office processing engine, the “Wholesale Payments System” supports payment capture, enrichment, routing and settlement of bulk and individual real-time payments in a variety of configurations.Details
Detroit-based Comerica Bank, in association with Elan Financial Services, has launched seven new credit cards including the “VISA Platinum,” “Select Rewards VISA Platinum,” “Cash Rewards VISA Platinum,” “Travel Rewards VISA Platinum,” “College Rewards/Young Adult VISA,” “VISA Signature,” and “MasterCard Small Business Credit Card” Comerica Bank is a subsidiary of Comerica Incorporated and reported total assets of $56.4 billion at March 31, 2006.Details
Roots has introduced its electronic gift card program and is available at 130 retail locations across the United States and Canada. Technology for the gift card solution is provided by Ernex. Ernex
works with merchant customers to enable real-time promotions within
their gift card solutions, including “swipe n’ win” sweepstakes
programs, custom receipt coupons and custom receipt messages. Roots
recently activated 50,000 gift cards as part of a recent promotion
for American Express. Roots is Canada’s leading lifestyle brand,
offering a wide range of clothing, leather goods and accessories for men
and women. Ernex is a division of Moneris Solutions.
Hypercom rolled-out its third new product for the week with the release of the first universal RF-enabled multi-application PIN entry device that meets the PCI security standards. The new “P4100 PIN Pad” supports MasterCard “PayPass,” American Express “ExpressPay,” and VISA “Contactless.” The PIN pad offers a high contrast graphical display with 320×240 pixel 64K full-color or 16-grayscale screen. It also has large, hard-rubber keys with color-coded Cancel, Clear and Entry keys. The device also integrates with VeriFone and Ingenico card payment terminals.Details
The Kentucky Education Savings Plan Trust and Mothers Work have launched the “KESPT Futuretrust” cash rebate program wherein account owners receive cash rebates for purchases at more than 500 online stores. Account owners may also apply for a KESPT/Futuretrust MasterCardÂ®, which may be used at millions of retail outlets to receive a minimum 1 percent cash rebate on all card purchases. KESPT is a state-sponsored, tax-advantaged 529 college savings plan administered by the Kentucky Higher Education Assistance Authority (KHEAA).Details
Discover’s new “Get More” program hit the nail on the head as gas prices climb above $3 per gallon in the U.S. The program, which is free to Discover cardholders, offers a 5% “Cashback Bonus” in over 15 different categories. During April, May and June cardholders earn 5% “Cashback Bonus” on purchases of gas, auto parts and services. Every three months the categories change so cardholders have the opportunity to earn additional rewards throughout the year. In July, August and September, cardholders get 5% “Cashback Bonus” on apparel, supplies and education expenses. In October, November and December, the “Get More” program features 5% “Cashback Bonus” on holiday shopping items such as music and books. To-date more than 10 million cardholders have signed-up for the free program.Details
SellingSource.com and eCommLink have teamed to become a provider in the open systems stored value payments marketplace. The open system, or multipurpose stored value payment marketplace, offers a variety of products that are functionally similar to debit cards. With their complementary strengths, both SellingSource.com and eCommLink will create and market many new stored value offers and features. SellingSource.com is a developer of technology-driven marketing solutions for the online specialty finance marketplace. eCommLink is a full-service next-generation transaction processing company.Details