The FTC has launched OnGuard Online, a new multimedia, interactive consumer education campaign that includes an identity theft quiz. The comprehensive Web site has tips, articles, videos, and interactive activities. There is no copyright on the quizzes or other information on OnGuardOnline.gov; the information can be downloaded by companies and other organizations to use in their own computer security programs.Details
Chicago-based CFC International, a holographic and specialty coated film manufacturer, is being acquired by Quad-C Management, a private equity firm, for $76 million in cash. Under the terms of the Merger Agreement dated January 9, 2006, Quad-C will acquire all of the outstanding common stock of CFC for $16.75 in cash per share, which represents an approximate 18% premium to the average trading price of CFC’s stock over the last five days. Quad-C Management, Inc. has over $2 billion of assets under management.Details
New Jersey-based Heartland Payment Systems has promoted Sanford Brown, who joined the firm in 2003, as Chief Sales Officer. Previously, Brown served as Heartland’s Senior Vice President of Sales Management. During his tenure he negotiated and implemented many of Heartland’s strategic referral partnerships with the two largest being the California Restaurant Association with over 1 billion dollars in processing volume and Commerce Bank, Cherry Hill, New Jersey, with over 350 retail locations and 32 billion dollars in assets. Heartland Payment Systems provides credit/debit card processing and payroll solutions to over 106,500 small to medium-sized merchants throughout the United States.Details
MasterCard has launched a new multi-faceted campaign to help merchants protect consumer data. To support deployment of MasterCard’s
“SecureCode” cardholder authentication solution, online merchants are
eligible for lower rates over face-to-face transactions.
MasterCard also announced the global availability of free network
vulnerability scans for merchants. Participating companies include
AmbironTrustWave, Cybertrust, One-Sec, Qualys and SecurityMetrics.
Additionally, the new security campaign includes an educational campaign
that uses advertising, Web content and Webinars to inform merchants
about security issues and resources.
Chase reports it has now issued more than six million of its credit cards with “blink” in nine states. The latest markets for the Chase contactless credit cards are the Dallas-Fort Worth metroplex area and the greater Orlando area. Chase is issuing about 800,000 new credit cards with “blink” to Texas cardholders, with an initial base of approximately 500 merchant locations in 32 Texas counties. Chase is also unveiling its new blink-enabled “Texas Rangers Ultimate Fan Rewards MasterCard.” Meanwhile, Chase is delivering approximately 500,000 cards with “blink” to Central Florida customers, with an initial base of over 320 locations in nine counties. Launched in May, Chase credit cards with “blink” have now been issued in Colorado, Connecticut, Delaware, Georgia, Florida, New Jersey, New York, Pennsylvania and Texas.Details
NOVA Information Systems has hired Roger Alexander as CEO of euroConex Technologies, its European affiliate. Alexander will run the Company’s pan-European merchant acquiring business. Alexander was most recently chief executive officer of S2 Card Services
Ltd. (formerly known as Switch). Prior to joining S2 he was a partner with Edgar, Dunn & Company in London and spent over 30 years with Barclays Bank. EuroConex Technologies provides integrated payment processing services to financial institutions and merchants in more than 30 European countries using a multi-currency platform.
Personalized cards took off this holiday season as major retailers and banks jumped on the bandwagon. IL-based Versatile Card Technology says its new patent pending “Versatile Photo Frame Card” (Versa-Pocket Card) is unlike anything else available on the plastic card market. Customers can literally use anything that will fit in the card pocket. With an opening on one side, the pocket is created between the two sheets that make up the card. Consumer testing of the card was launched on a limited basis during the 2004 holiday season. After aesthetic and functional modifications, the card is now available for a wider market.Details
Support for the new “TaiwanMoney MasterCard” is gaining more traction
as the “Axalto MagIC 6100” terminal is being upgraded to accept
contactless payments. The Axalto terminals are being updated with an
external reader and with software developed by Paysys Communications of
Malaysia. The Axalto contactless solution was certified last October by
Mondex Taiwan, a subsidiary of MasterCard. The “TaiwanMoney MasterCard”
will be used for a transportation system serving millions of residents
in seven cities in southern Taiwan and will be issued by a number of
banks. In October, the Kaohsiung City Government Transportation Project
launched a pilot of more than 2,000 cards. It is the first card to
combine transportation, shopping and e-purse with a contactless option.
(CFI Library 3/15/05; 10/21/05)
NOVA Information Systems has hired Roger Alexander, former CEO of the U.K.’s S2 Card Services (f/k/a Switch), as CEO of euroConex Technologies, its European affiliate. Prior to joining S2 in October 2002, Alexander spent 3 years as a partner with payment systems consultancy firm Edgar, Dunn & Company in London. Previously, Alexander spent over 30 years with Barclays Bank where he held a variety of roles and was appointed director of Barclaycard and managing director of Barclays Bank’s Emerging Markets Group in 1994.Details
On Track Innovations announced the installation of its “EasyFuel”
wireless petroleum payment solution at gas stations in central Peru with
partner Automation Service S.A.C. (ASSAC). After a successful pilot
program, Minera Yanacocha S.R.L., the largest gold producer in South
America, has signed a contract to implement the “EasyFuel” system on
their fleet. This includes the upgrade of vehicles currently equipped
with OTI’s “FuelMaster”. Operators can take advantage of the system’s
pay-at-the-pump capabilities and benefit from built-in loyalty programs.
OTI is a provider of secure contactless microprocessor-based smart
ClickPay Solutions is acquiring SimpleCash Funding, a short-term funding solution that is secured by the merchants’ check and credit card sales volume based on historical performance as a predicate for future revenue. The program uses a proprietary credit-scoring model to mitigate the risk and assures an active assessment of the financial health of the business in real time. SimpleCash provides access to working capital to merchants needing working capital or have a difficult time finding a timely funding source to bridge the gap between existing cash-flow and the required cash-outlay to meet expenses or take advantage of growth opportunities. ClickPay Solutions provides ‘Cashless-Check-Cashing’ services to retail locations nationwide, enabling consumers to cash paychecks and have the funds loaded onto a stored value card.Details
Total France has introduced rechargeable loyalty cards as part of a new
business offering for car washes. Customers choose the credit amount
expressed in euros and no longer in wash credits. Axalto has been Total
France’s provider of car wash cards since 1994 and has already supplied
the oil group with 14 million non-rechargeable memory cards. Total
France is planning to distribute 500,000 units to 800 petrol stations by
the end of 2006.