John Ascuaga’s Nugget Casino Resort in Sparks, NV has signed a contract to continue to use Global Cash Access'”Casino Cash Plus 3-in-1″ ATM, “QuikCash” cash advance kiosks and Central Credit services. QuikCash cash advance kiosks are customer-activated, touch screen terminals that provide casino patrons with POS debit and credit card cash advance transaction options. Available in countertop, wall-mount, free-standing and handheld models, QuikCash terminals can be installed virtually anywhere in a gaming establishment. Global Cash Access is a wholly-owned subsidiary of Global Cash Access Holdings, Inc. and is a provider of cash access products and related services to approximately 960 gaming properties and other clients in the United States, the United Kingdom, Switzerland, Canada and the Caribbean.Details
A new report shows that a combination of points and special privileges (but without discounts) works the best for retailer loyalty. OH-based COLLOQUY tested five loyalty program scenarios for a major retailer. More than 75 stores participated in two consecutive six-month tests where over 60,000 customers from the retailer’s credit card file were auto-enrolled in one of the five loyalty program scenarios. Besides the combination of points and special privileges, the other cells tested included: the “reward cell” offered loyalty program members the ability to accrue points they could redeem for in-kind merchandise – products already sold by the retailer. The rate of accrual was set at 2%-4%; the “service cell” offered members discounts on selected items at up to 50% off along with other soft benefits including special checkout lanes and preferred parking; the “rebate cell” offered members a 2%-4% rebate on all identified purchases that they could take as cash back or a balance reduction on their private-label credit card account; and the “awareness cell” was a communication-only strategy that used incremental, targeted and personalized direct mail to reinforce existing services offered by the retailer to the private-label cardholders.Details
Washington-based Acceptiva is offering a 25% discount on credit card acceptance for consultants and service professionals. The creation of Acceptiva was in response to the lack of customized, branded solutions available to non-profits and service professionals in the online payment industry. The Acceptiva Online Payment Solution integrates the look and feel of the site where the payments come from, offers secure payments, and includes online payment data access. Incoming payments are sent to the seller’s checking account, and buyers know exactly what they purchased and when, as the seller’s information shows up on the buyer’s credit card statement.Details
Chase and Harris Interactive released the “Disney Rewards VISA Family Trends Report” which shows that 68% of parents who shop for the holidays say they plan to spend the same amount of money or more on gifts this holiday season versus last year. About 40% of parents who shop for the holidays are planning to accomplish 25% or more of their holiday shopping via the Internet. The “Disney Rewards VISA Family Trends Report” also found that 87% of parents who shop for the holidays feel that it is appropriate to give a child a gift card. In total, 68% of parents who shop for the holidays say they plan to purchase store-branded gift cards, while only 22% plan to purchase a general purpose pre-paid gift card.Details
UATP has selected DataFlux data profiling technology to lead data quality analysis efforts. DataFlux will help analyze and discover data quality improvement opportunities. The DataFlux Data Quality Integration Solution provides data profiling and data analysis technology that provides the foundation for data improvement efforts. UATP accounts are accepted as a form of payment for corporate business travel by more than 220 airlines worldwide. DataFlux is a wholly owned subsidiary of SAS and helps customers enhance the effectiveness of their data-driven initiatives, including customer data integration (CDI), enterprise resource planning (ERP), legacy data migration and compliance.Details
The United States Fencing Association and U.S. Bank have introduced a VISA affinity card. The card generates support for fencing each time a new card is activated and repeatedly thereafter each time the card is used. The USFA card depicts two fencers in action, and features no annual fee, a low introductory rate and a choice of exciting rewards including cash back or points redeemable for merchandise, travel, gift certificates or virtually any reward with the Choose Your Own Reward option. The USFA develops fencers to achieve international success and to administer and promote the sport in the United States.Details
China UnionPay and Discover have officially opened the “PULSE” network for Chinese travelers. During a ceremony in New York City on Monday, the Chairman of China UnionPay purchased a necktie with a card issued in China marking the first-ever acceptance of a “China UnionPay” bank card in the US. Next year Discover cardholders will be able to use their cards at China UnionPay’s 365,000 merchant locations and 80,000 ATMs in China. Both companies are continuing to work toward acceptance of China UnionPay cards at Discover’s more than 4 million merchant and cash access locations in North America. Discover cards are currently accepted in the U.S and the Caribbean, Mexico and Canada. More than 360,000 Chinese travelers will visit the US this year. China UnionPay is the only national bankcard payment network in China, with more than 800 million bankcards issued on the CUP network. Discover Financial Services inked a partnership with China UnionPay in May. (CF Library 5/26/05)Details
Florida-based Bankrate has completed the acquisition of FastFind for $10 million in cash and MMIS/Interest.com for $30 million in cash. MMIS/Interest.com publishes mortgage guides in over 300 newspapers and operates Interest.com, a Web site which publishes financial rates and information connecting consumers with lenders. FastFind is a fast, free and easy online service that matches consumers looking for a financial or education product with businesses that want to sell their goods or services. Bankrate owns and operates Bankrate.com, a leading Internet consumer banking marketplace. Bankrate.com reviews more than 4,800 financial institutions in 575 markets in 50 states and 2004 had over 38 million unique visitors.Details
A new study has found that the heaviest online buyers represent 18% of buyers but drive 46% of online spending. The Nielsen/NetRatings research also found that those spending the fewest dollars online and making the fewest purchases made up the majority, or 55% of online buyers, accounted for 21% of online purchases. Nielsen/NetRatings also noted that the “Most Valuable Purchasers” are also inordinately loyal to the retailers that they purchase from.Details
American Express and Nectar have teamed up for a holiday promotion.
One lucky winner will win GBP 10,000 with the “Nectar Credit Card from
American Express.” Members can collect points shopping with 16
retailers and service companies in the Nectar program. After the New
Year, the points can be redeemed for rewards that include films,
flights and cash. A first purchase on the “Nectar Credit Card” earns
1,000 bonus “Nectar” points.