The Information Systems Group of Panasonic System Solutions Company has announced the compatibility and integration of its POS workstations with Givex “Gift Card” programs. The Givex Gift Card Programs include: card activation, redemption and increment, cancel and balance inquiry. In addition to real-time transaction processing, Givex’s support services are available to Panasonic POS workstation users 24/7 and include on-line reporting, program administration, card marketing, card production and more.Details
MA-based WAY Systems has unveiled three new versions of its “Mobile Transaction Terminal” product line. The Company also announced it has hired some executives from VeriFone and ClearCommerce. The new “MTT 1571” is a dual-band device (850Mhz and 1900Mhz) and is capable of performing credit and online debit transactions with its integrated PCI/PED certified PIN Pad. The new “MTT 1570” operates at 900Mhz and 1800Mhz and can perform credit, debit and EMV transactions through its integrated PIN Pad and smart card reader which conforms to EMV Levels 1 and 2. The new “MTT 1510” now allows for the attachment of an optional enhanced antenna. Meanwhile, WAY Systems has hired Lance Nakamura, who spent 22 years at VeriFone, as its new CTO. George Devitt, formerly VP/Marketing at VeriFone and SVP/CMO at Hypercom, has become the new CMO. Stu Fullerton, formerly with ClearCommerce, has joined the firm as VP/North American Sales.Details
About 2.6 billion smart cards were shipped in 2005 and nearly 3.0
billion are expected to be delivered this year. Smart bank cards grew
20% last year to 336 million and expected to top 400 million this year.
Eurosmart says Telecom is the largest and fastest growing segment with
almost 1.4 billions cards. The major event for the financial segment for
early 2006 was the start in the U.S. of microprocessor card technology
for payment, which was not driven by fraud considerations but by
convenience. Asia should follow this year with the introduction of
First Data has introduced suite of products designed to personalize card statements. The new “Strategic Communications Solution” includes “Correspondence Director,” “DecisionQuest,” “IntelliColor,” and “eMessenger.” “Correspondence Director” offers advanced correspondence formatting capabilities, for both paper and electronic. “DecisionQuest” provides item-level decisioning enabling issuers to customize communications to each customer by offer, communication device and product. “IntelliColor” offers full color printing combined with on-the-fly MICR printing as well as selective perforation capabilities. “eMessenger” can convert virtually all customer communications to electronic format.Details
Chicago-based Mintel Comperemedia reports that consumers received more than 21.5 billion direct mail offers promoting financial services last year, a 20% increase over the prior year. According to the report, consumers are dealing with “information overload” in several ways. This includes limiting their choices to familiar companies or products. Consumers also tend to focus on single aspects of offers, such as the introductory rate or monthly payment, which may oversimplify their decision-making process.Details
AsiaPay Limited has launched its secure and integrated prepayment and
micropayment platform solution service, “GamePay.com” and “pPay.com”,
created specifically for the gaming and digital content industries.
The two new value-added solution service aim to address the unsatisfied
needs of continued growth of prepayment and micropayment service demand
in Asian markets and overseas, especially the increased popularity of
prepaid accounts and cards for diverse business applications including
games, content services, ringtones among diverse age groups. AsiaPay
Limited is an ePayment and mPayment solution and technology vendor.
TSYS has extended its multi-year processing agreement with Banca Afirme,
based in Monterrey, Mexico and has established a long-term agreement
with Banca Mifelto to provide processing and other services for its
start-up portfolio. Terms of each agreement will not be disclosed. TSYS provides outsourced payment services. Banca Afirme has been a TSYS client since 2000.
VISA International, in collaboration with Maybank, Maxis Communications
Berhad (Maxis) and Nokia, has launched the world’s first “Mobile VISA
Wave Payment Pilot” in Malaysia. “Mobile VISA Wave Payment” combines Near Field Communications with “VISA Wave Contactless Card” technologies, building on the existing “VISA Wave” contactless card platform. “Mobile VISA Wave Payment” can be made across all merchants in Malaysia that have “VISA Wave”-supported terminals. No change to the current acceptance infrastructure is required. Cardholders selected for the pilot will be issued a phone pre-programmed with their regular Maybankard “VISA Wave” card information. The are currently 2,500 outlets in Malaysia that accept “VISA Wave” and more than 160,000 cards have issued.
First Data has inked a multi-year agreement to provide global merchant processing to Microsoft including its online consumer and business clients. FDC will also provide risk management services to MS. Microsoft says the partnership will enable the software giant to deliver a seamless billing experience to customers, regardless of where customers might purchase its products and services. First Data currently serves 4.6 million merchant locations, 1,600 card issuers and millions of consumers worldwide.Details
Electronic payments provider Euronet Worldwide posted revenues of $147.0 million for the first quarter, a 25% jump over 1Q/05. Net income more than doubled to $9.4 million, compared to one-year ago and expanded by 11% sequentially. The EFT Processing Segment posted first quarter revenues of $29.9 million, a 25% gain over the first quarter of last year. The EFT Processing Segment processed 103.1 million transactions in the first quarter compared to 77.3 million transactions for 1Q/05. The segment completed the quarter with 7,613 ATMs owned or operated, compared to 6,201 ATMs at the end of the first quarter 2005. The Prepaid Processing Segment reported 1Q/06 revenues of $111.0 million, a 24% increase over the year-ago quarter. Total transactions processed by the Prepaid Processing Segment in the first quarter were 96.4 million, compared to 67.2 million prepaid transactions processed in 1Q/05. The Prepaid Processing Segment processes electronic point-of-sale prepaid transactions at more than 242,000 point-of-sale terminals across more than 134,000 retailers in Europe, Asia Pacific and the USA. For complete details on Euronet’s first quarter performance, visit CardData (www.carddata.com).Details
Teller AS has signed a two year agreement with EDB Business Partner to
buy software and operating services for its card activities with a total
contract value of NOK 46 million. The agreement provides for EDB to
deliver solutions for receiving and processing card transactions,
“MultiAcquring”, and for Teller’s archiving system and EDB will also be
responsible for the operation and future development of Teller’s core
system. The agreement also includes network solutions and security
solutions for smart cards (EMV). EDB Business Partner is an IT group in
the Nordic region with assets of NOK 4.8 billion. Teller provides
access to the global payment systems of VISA and MasterCard.
NCR has named Gary Daichendt, a former Cisco Systems executive, to its board of directors. Daichendt served as executive vice president of Cisco Worldwide Operations with global responsibility for sales, distribution, manufacturing and strategic alliances. Before joining Cisco, Daichendt spent eight years at Wang Laboratories in positions of increasing responsibility, the majority as vice president of the company’s central operations and vice president of worldwide marketing. He holds a master of science degree in mathematics from Ohio State University and a bachelor of arts degree in mathematics from Youngstown State University.Details