Info Touch Launches a Pittsburgh Pilot

Info Touch Technologies has launched a pilot in the Pittsburgh area to test its self-serve automated bill payment and financial services touch-screen terminals at Sunoco APlus convenience stores. The terminals seek to provide a convenient way for customers to pay a host of bills including wireless, utility and cable bills, to view and update their accounts, and to purchase prepaid products and services and revalue and/or activate stored value products. The first deployment will be completed in March 2006.

Details

KREISSPARKASSE & NCR

Kreissparkasse Bank will deploy NCR “Personas M” series ATMs as it
introduces cash deposit and cash recycling in its main branch in Koethen
this month. Recycling is popular outside of
the United States, allowing cash that is deposited in the ATM to be
immediately dispensed to customers making withdrawals.
The bank will also deploy NCR “Personas M” series ATMs in other branches
as it replaces older machines from other vendors. As part of a
three-year agreement, NCR will also provide maintenance and
services through its worldwide customer services division.

Details

Turkey’s Garanti Offers 9,000 Card Options

Turkey’s Garanti Bank has launched a new line of credit cards that enables cardholders to create a card with the interest rate, the reward system, the card fee and even the card design of their choice. The new “Flexi VISA” cards offers more than 9,000 different financial combination possibilities, according to this week’s CardFlash International. During the application process on the Web, applicants can manipulate over ten parameters such as the reward rate and type, interest rate, card fee, and campaign type to create their preferred combination. Customers who want a simple approach can choose to select one of the four ready made packages from the Web or from Garanti branches. Cardholders can choose from among five different color designs of “Flexi.” They can also choose a picture from the photo gallery or they can use a picture of their own. Cardholders can also choose the vertical VISA card, the first offered vertical VISA to be offered. All the software needed for the program was developed in house by Garanti’s technology company. Garanti also issues the highly successful “Bonus VISA” cards with more than four million cardholders to-date.

Details

AmEx/NYT 3rd Travel Show Hits a New Record

The “New York Times Travel Show,” sponsored by American Express, drew a record 26,500 visitors including 7,000 trade professionals for its recent third annual show. The supporting sponsors included Amtrak, Carnival Cruise Lines and the Greek National Tourism Organization. Contributing sponsors included Aruba Tourism, Sandals and Beaches Resorts and Washington, DC Convention & Tourism Corporation.

Details

Diebold’s Fourth Quarter Results are Adjusted

OH-based Diebold’s fourth quarter results were not as rosy as earlier reported. The Company says it became aware just prior to the announcement of its fourth quarter and year-end results of a possible adjustment related to the recognition of certain election systems revenue in the fourth quarter. The Company has determined that $7.0 million in fourth quarter election systems revenue and $4.2 million in net income would need to be recognized in future periods. This adjustment reduced previously announced fourth quarter and 2005 full-year earnings per share by $0.06. Diebold says the change will have no effect on the Company’s 2006 full- year revenue and earnings per share expectations. For complete details on Diebold’s latest results, visit CardData ([www.carddata.com][1]).

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

Details

USAT e-Port Vending Patent is Expanded

Pennsylvania-based USA Technologies reports it has received a notice of allowance from the USPTO for another patent application from its “e-Port” family of cashless, wireless vending products. Among early companies to sign a technology licensing agreement with USA Technologies is Mars Electronics (MEI), the world’s leading manufacturer of payment systems for bills and coins. The agreement allows MEI to use USA Technologies intellectual property to connect to USALive, the company’s network for e-Port(R) cashless transactions. More recently, USA Technologies has been in licensing discussions with financial institutions seeking to access its patented wireless technology and network services. USA Technologies provides networking of wireless non-cash transactions and associated financial/network services.

Details

Pemco Technologies Promotes Packer

Seattle-based Pemco Technologies has promoted Tanya Packer to Director of Business Development. Packer will continue in her role as manager of internal computer services projects, and will participate in steering committees and advise on development projects. Packer has 15 years of card processing experience. At First Security/Equifax, she served as a customer service representative, implementation coordinator, and customer service team leader. Packer has a bachelor’s degree in business information systems from the University of Phoenix. Pemco provides payment solutions to the financial industry.

Details

GECF and Lowe’s Launch a Project Card

The second-largest home improvement retailer in the world has launched a new card that gives consumers a six-month project window to make as many purchases as they like without incurring any interest or required payments. Lowe’s and GE Consumer Finance have teamed to offer the new “Project Card.” Under the program the customer opens a “project window” with a project purchase of at least $1,000. The customer can continue to make purchases during the six-month project window until the project is complete, without having to make any payments or have any interest accrue. After the six-month purchase period ends, interest accruals begin and fixed monthly payments begin. Another project window can then be opened for another project. Interest rates charged are based on credit risk and currently range from 8.49% to 18.49%. The interest rates are variable and based on the prime rate.

Details

Yield Stays Healthy Despite Rising Rates

After rising in December to 18.28%, the yield on credit card portfolios slipped by 27 basis points in January, but remain 8 basis points higher than one-year ago. The healthy yield amidst a rising interest rate climate has been attributed largely to strong fee income. Variable interest rates also have propped-up the yield as issuers pass through any increases within one billing cycle. According to Moody’s Investor Services the yield for January among credit card-backed bonds was 18.01%, compared to 17.93% one-year ago.

ABS YIELD HISTORICAL
Jan 05: 17.93%
Jul 05: 18.33%
Sep 05: 17.78%
Dec 05: 18.28%
Jan 06: 18.01%
Source: Moody’s Investor Services

Details

Fifth Third Lands a Marshall & Ilsley Exec

Fifth Third Bancorp has landed John Presley, formerly CFO of Marshall & Ilsley, to head up the strategic initiatives position. Prior to his role at M&I, Presley served as chief financial officer for National Commerce Financial in Memphis and prior to that was president and chief executive officer for First Market Bank in Richmond, Virginia. Earlier in his career, he served as controller and MIS manager at National Commerce Bancorporation. A native of Little Rock, Arkansas, Presley holds a Bachelor of Arts degree in Economics and Business Administration from Rhodes College in Memphis (formerly Southwestern at Memphis.)

Details

FLEXI VISA

Garanti Bank has launched a new line of credit cards that enables
cardholders to create a card with the interest rate, the reward system,
the card fee and even the card design of their choice. The new “Flexi
VISA” cards offers more than 9,000 different financial combination
possibilities. During the application process on the Web, applicants can
manipulate over ten parameters such as the reward rate and type,
interest rate, card fee, and campaign type to create their preferred
combination. Customers who want a simple approach can choose to select
one of the four ready made packages from the Web or from
Garanti branches. Cardholders can choose from among five different color
designs of “Flexi.” They can also choose a picture from the photo
gallery or they can use a picture of their own. Cardholders can also
choose the vertical VISA card, the first offered vertical VISA to be
offered. All the software needed for the program was developed in house
by Garanti’s technology company. Garanti also issues the highly
successful “Bonus VISA” cards with more than four million cardholders
to-date.

Details