VeriFone has launched Kiosk Solutions, a secure payment technology for developers of self-service kiosks. Kiosk Solutions is based upon VeriFone’s proven payment software such as PCCharge, RiTA Server and VisualPayments Suite. In addition, a wide variety of customer facing payment devices such as the MX870 multimedia terminal, the Vx 570 fully integrated payment terminal.Details
OR-based Chockstone reports that Taco Bueno nearly doubled its gift card volume last year with its card-based technology over the previous year’s paper-based solution. The company, which has locations in Texas, Oklahoma and Kansas, unveiled the new offering in October 2005 in each of its 145 stores, including its first-ever franchise units. Chockstone’s “Single Swipe” technology enables a single payment terminal to process gift, loyalty, and credit cards, keeping transaction time to a minimum. Taco Bueno also leverages Chockstone’s “Gateway” technology, which seamlessly interfaces with the company’s real-time reporting tool to deliver data-rich information about customers and their purchasing preferences. The program is complimented by Chockstone’s retailer-branded Web site, which provides consumers an easy, online tool to purchase cards for themselves or others, reload and combine cards, and check current balances.Details
Atlanta-based Global Payments has signed an agreement with ACH Direct to provide front-end credit card authorization services and back-end settlement for MasterCard and VISA transactions. ACH Direct, an independent sales organization (ISO) that offers payment processing and merchant services, processed over $5 billion in transactions in 2005.Details
Chicago-based PLS Financial Services has inked a deal with Texas-based NetSpend to sell NetSpend’s “All-Access Prepaid Cards” at PLS locations across the country. PLS has more than 200 stores in nine states. Previously, the company did not offer any prepaid, re-loadable debit cards. Under the card program cardholders can link their card to an interest-earning savings account. Cardholders can also choose to have their employer make a payroll deposit directly onto the card. The NetSpend “All-Access Prepaid Cards” are issued by Inter National Bank or MetaBank.Details
Datacard Group has introduced a new, modular suite of “Affina” smart card software solutions designed to address the full range of card issuers’ needs through the complete lifecycle of their smart card programs. This new smart card issuance and management software suite enables card issuers to introduce smart cards into their existing Datacard production environment affordably for pilot and rollout program phases. The modular and scalable platform allows an issuer to reuse the same software and hardware resources as the size and needs of their program change over time. Additionally, a new “Affina One Step Issuance Software” configuration makes it simpler to integrate and operate the smart card issuance program.Details
Bank of America rules online banking with 15 million subscribers and is now the king of the affinity credit card market with its recent acquisition of MBNA. Sales of products through its Web site hit 3.8 million last year, an increase of 69% which included 2.3 million online activations, 380,000 new savings accounts, 375,000 new credit card accounts and 298,000 new checking accounts. Additionally, BofA has launched online sales of more than 300 affinity credit cards. Javelin Strategy & Research ranked BofA #1 in its “Online Banking Safety Scorecard.” comScore says BofA online banking represents more than one-third of the market in the USA. Since 2001, BofA’s online customers have grown ten-fold, according to CardData ([www.carddata.com]).
BOFA ONLINE USERS
2001: 1.4 million
2002: 4.7 million
2003: 7.2 million
2004: 12.4 million
2005: 14.7 million
Source: CardData (www.carddata.com)
Minneapolis-based Ceridian reports that Ronald Turner, Chairman, President and CEO will retire October 1st. The Board of Directors will immediately initiate a process to identify Mr. Turner’s successor among candidates from outside the Company. Upon his retirement as an executive officer of the Company, Mr. Turner will also resign on October 1, 2006 from the Company’s Board of Directors, as required by the Company’s Corporate Governance Policies and Guidelines.Details
Sacramento-based Schools Financial Credit Union has selected PassMark Security to upgrade its online banking security with a “Two-Factor Two-Way” authentication system. Once PassMark is enabled, the two-way authentication system not only verifies the member to the home banking site, it also verifies the authenticity of the home banking site to the member. Schools members will enroll in the new security system by selecting a unique image and creating a personal, descriptive label for it. From then on they will see that image and descriptive phrase, the “PassMark”, when logging into online banking. As long as they see their PassMark, members can be assured that they are at Schools’ Web site and it is safe to enter their password.Details
Las Vegas-based Cash Systems has entered into a joint venture agreement with Bally Technologies and Scotch Twist to jointly develop products that can accept conventional credit and debit cards, electronic check cashing and other cash sources at the gaming device. The Joint Venture will begin by developing products that allow customers to obtain funds using credit and debit cards at the gaming device under a license to a portfolio of patents from Scotch Twist. Bally Technologies and Cash Systems will work together to market and sell such access systems, initially for use exclusively with Bally’s hardware interface and accounting systems and will allocate the fees generated from the use of such jointly developed products to the Joint Venture.Details
MA-based iBasis’ Pingo is now accepting payments via PayPal for its online prepaid calling card service. This enables consumers in 32 countries including the USA to purchase Pingo prepaid calling accounts. Previously, Pingo only accepted U.S.-based credit cards. iBasis carried approximately 8 billion minutes of international VoIP traffic in 2005 and is one of the ten largest carriers of international voice traffic in the world. For four consecutive years, service providers have named iBasis the best international wholesale carrier in ATLANTIC-ACM’s annual “International Wholesale Carrier Report Card.”Details
Dallas-based TRANSFIRST and StrikeForce Technologies have launched a new program to help issuers of prepaid card products prevent identity theft losses via the Internet. Stored-Value card products purchased, activated, loaded and re-loaded online will require Direct Query Authentication (DQA), significantly decreasing the risk of fraudulent transactions. StrikeForce Technologies provides online identity assurance solutions that prevent identity theft.Details
ID Data has unveiled its new brand identity. The
new branding represents a significant milestone in ID Data’s history.
It has reorganized itself around its ‘fresh thinking’ service model
focused on four core values: flexibility, innovation, added value and
customer service. ID Data has developed global partnerships with Toppan
and Toshiba and diversified into consultancy and card management software.
A new card manufacturing facility, based in
Poland, has also significantly boosted ID Data’s capacity, from 70
millions cards to over 240 million cards per year. ID Data is a provider
of secure, card-based transaction systems and
services to the retail, international finance, travel, government and
secure access sectors.