National City Q4 Card Volume Up 7%

While MI-based National City card loans have been contracting over the past two years, volume has been growing steadily. During the fourth quarter National City posted volume of $1.6 billion, a 7% gain over the prior year. Card loans slipped to $2.4 billion, compared to $2.5 billion for 4Q/04 and $2.6 billion for 4Q/03. At the end of the fourth quarter, National City had 1,141,622 active accounts. For complete details on National City’s fourth quarter results, visit CardData ([www.carddata.com][1]).

NATL CITY CARD VOLUME HISTORICAL
4Q/01: $1186 million
4Q/02: $1276 million
4Q/03: $1577 million
4Q/04: $1530 million
4Q/05: $1639 million
Source: CardData (www.carddata.com)

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

Details

BSG Targets North American Processing

Europe-based BSG Clearing Solutions has announced the immediate availability of its credit card processing solution in North America which also adds a comprehensive analytic fraud service for transaction risk management. BSG Clearing Solutions currently supports merchants in the telecom and ecommerce industries. BSG’s processing portfolio now includes LEC invoicing, mobile roaming clearing, direct billing, revenue recovery and credit card processing. BSG Clearing Solutions is a provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers.

Details

Valentine’s Day Online Sales to be Strong

Massachusettes-based Constant Contact has found that Valentine’s Day online sales will be much stronger this year. Of the U.S. small businesses owners who responded to the 2006 Small Business Valentine’s Day Outlook survey, 55 percent of those surveyed anticipate strong Valentine’s Day sales, an additional 71 percent are predicting stronger online sales this year. Hospitality (restaurant, travel, and lodging) led with 76 percent expecting strong sales this year, followed by Retail (specialty shop, clothing store, florist) at 63 percent, and Consumer Services (i.e. jewelers, spas, beauty salons, fitness and photography) at 48 percent. Constant Contact is an email marketing service for small businesses, associations and nonprofits.

Details

SEB Selects Arcot TransFort Authentication Solution

Arcot Systems announced that SEB, one of Sweden’s leading banks, has
selected Arcot’s 3-D Secure solution, TransFort, to support
adoption of the Verified by VISA payment authentication program. The
Verified by Visa and SecureCode programs are designed to bring the
same level of security to the virtual world as is available in the
physical world by confirming to participating e-merchants that the
online buyer is the actual cardholder. Arcot’s TransFort was the first
solution to be compliant with the 3-D Secure Interoperability protocol
developed by the Visa Compliance Testing Facility. The SEB Group is a
North European financial banking group with assets
under management totaled SEK 858 billion (approximately $183.04 billion
US dollars and $111.86 billion USD respectively). Arcot is a provider
of secure e-payment, digital signature, and
strong authentication software solutions and is the only provider of all
three components of the 3-D Secure
solution (issuer, payment processor, merchant) that supports the
Verified by VISA, MasterCard SecureCode and JCB J-Secure
programs.

Details

Experian Launches Collection Triggers

Experian launched “Collection Triggers” which enables clients to proactively monitor accounts for public record, civil action, tradeline and demographic events to help prioritize and segment their collection strategies. Collection Triggers is a robust and flexible collections solution that monitors a company’s portfolio of collections accounts. When new information on one of these accounts becomes available, indicating the possibility of recovering the debt, the organization is notified within 24 hours and can then resume efforts to contact the consumer and collect the outstanding debt. It allows clients to proactively monitor accounts for public record, civil action, tradeline and demographic events to help prioritize and segment their collection strategies.

Details

BofA Begins Offering MBNA Affinity Cards

Bank of America has launched online sales of more than 200 affinity credit cards for certain sports, universities and charities in what is the first major integration of MBNA offerings. For the first time, consumers can sign up for certain MBNA cards at bankofamerica.com. Throughout the year, more cards will be integrated into bankofamerica.com, and the cards will roll out to Bank of America banking centers. Bank of America Card Services has more than 40 million active accounts and nearly $140 billion in managed balances. Bankofamerica.com has more than 1.6 billion visits annually and is one of the top 50 U.S.-based Web sites in terms of unique visitors.

Details

Clydesdale Bank and Prepay to Launch Mastercard

Clydesdale Bank has joined with PrePay Technologies to
create, deliver and service prepaid MasterCard debit cards for a wide
range of applications. The alliance has already resulted in the launch
of the Western Union Travel Cash Card. The product is a secure, pre-paid
and reloadable cash card available in euros, US dollars and sterling,
which is protected by a personal PIN and is available at independent
travel agents or can be ordered online. PrePay Technologies designs and
delivers host-based stored-value card solutions including prepaid debit,
retail gift, corporate incentive and insurance claim cards.

Details

ANA VISA

Dah Sing Bank and Prestige International have teamed with All Nippon
Airways to launch a co-branded “VISA Platinum” credit card. ANA says the
card is especially good news for those Japanese expatriates who often
face difficulties when newly acquiring a credit card in Hong Kong, a
process which can be long and drawn out or even result in rejection.
Applicants for the card will be awarded a 5,000 mile bonus, in addition
to which they can gain a further 5,000 miles for their first ANA
operated flight between Hong Kong and Tokyo, up to December 31, 2006.
ANA cardholders are also entitled to discounts of up to 20% on
rooms at ANA Hotels – plus complimentary breakfast and welcome drink at
ANA Hotels in Japan – and a 10% discount on selected duty free items and
goods on sale at ANA Duty Free shops, airport shops and ANA Hotel shops.
As well as receiving one mile will be awarded for every eight Hong Kong
dollars spent, customers will also be able to accrue mileage when using
Octopus electronic money. ANA is now one of the 10 largest airlines in
the world.

Details

Fifth Third Processing Buys CMC

Ohio-based Fifth Third Processing has acquired IN-based Card Management Corporation for an undisclosed price. Formed in 1988, CMC, headquartered in Evansville, is a provider of services to financial institutions and retailers for credit card, debit card, merchant and private label programs. They operate a second multi-lingual contact center in Tucson. More than 127,000 financial institutions and merchant locations partner with Fifth Third. Processing Solutions, a division of Fifth Third Bank, processes more than 17 billion ATM, POS and e-commerce transactions per year and drives more than 12,400 ATMs.

Details

ViVOtech Hires Three Senior Executives

ViVOtech, the leading supplier of Contactless payment solutions, announced the addition of three key executives to help the company position itself to capitalize on the enormous opportunities in the payment market. Peter Slocum is senior vice president of engineering, responsible for overseeing engineering growth, quality and customer support, and guiding the development of new products and services. Todd Ablowitz is appointed to the position of senior vice president of sales, responsible for driving global sales and business development and David Fiore has been named as chief financial officer (CFO), responsible for all financial operations. ViVOtech provides contactless payment software, transaction management systems and readers.

Details

Chase Launches the Herbalife VISA

Chase and Herbalife have teamed to offer a co-branded VISA card. The new “Herbalife VISA” offers two points for every dollar spent on Herbalife purchases and one point for every dollar spent on all other card purchases. Every time a cardholder accumulates 2,500 points, a $25 credit is automatically applied towards future purchases of Herbalife products. The program is available to Herbalife independent distributors in the U.S. Herbalife products are sold in 60 countries through a network of more than one million independent distributors.

Details

Americans Are Direct Deposit Ignorant

A new survey, sponsored by the U.S. Department of the Treasury and Federal Reserve Banks, has found that 62% of Americans said that a paper check with your name on it can only be cashed if you sign or endorse it. Nearly half of those polled said direct deposit of payments like wages, salary or government benefits go through the Internet to be deposited into your account. The Treasury says it receives half a million calls a year from people reporting problems with Treasury checks. The Treasury also noted that it’s 30 times more likely to have a problem with a Treasury check than with direct deposit. The survey was released to promote the “Go Direct” campaign.

Details