Morgan Beaumont Cards Get MoneyGram Access

Morgan Beaumont has inked a deal with MoneyGram Payment Systems to enable its cardholders to load value to their Morgan Beaumont cards at MoneyGram’s U.S. locations. MoneyGram’s network includes supermarkets, convenience stores, check cashers and financial institutions across the US. MoneyGram International is a global payment services company with over $825 million in revenue in 2004. Morgan Beaumont owns and operates the SIRE Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States.

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Axalto Launches Instant Issuance for EMV

Axalto has launched “Instant Issuance”, a secure end-to-end solution that
allows banks to immediately issue personalized EMV cards directly at their
branches, with a design customized on request. With “Instant Issuance”,
not only do bank customers get their new microprocessor card on the spot,
but they can also have a personal picture inserted onto it and choose
their card body and PIN code in a few minutes. “Instant Issuance” is based
on Axalto’s data preparation and personalization software suite and
high-end EMV banking cards, with a security protocol that is compliant
with the GlobalPlatform international standard.

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Diebold Unveils Compact Cash Dispenser

Diebold has introduced the industry’s most compact through-the-wall cash dispenser. The new “Opteva 562” ATM offers a smaller footprint, improved serviceability and added functionalities. The new ATM has a recessed fascia making it more weather-tolerant. The “Opteva 562” is “Triple DES” and “EMV” compliant and meets all global accessibility standards. Diebold launched the “Opteva” line of ATMs in 2003.

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Norsk Tipping Orders Hypercom’s Optimum P1100

Norsk Tipping AS has selected Hypercom for its “Optimum P1100” PIN entry payment devices. In connection with the initial US$1.0
million order, Norsk will install the EMV-compliant “P1100” at hundreds of national lottery and betting sites throughout the country to enable
consumers to use gambling smart cards within various electronic games.
The “P1100” is a compact countertop unit that offers “EMV 2.0” and “Visa PED” certification, integrated CHIP or ‘swipe and park’ reader for CHIP and magnetic stripe credit/debit cards, a high-contrast LED screen and a large color-coded keypad with clear prompts. It also provides easy connectivity to electronic cash registers and a large memory. Norsk Tipping AS is wholly owned by the Norwegian state and has annual revenue exceeding US$1 billion. Hypercom provides support to the Western Canada Lottery Corporation, Taiwan Lottery, Moscow Lottery and Fubon Bank.

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Dell Adds PayPal Payment Option in the U.S.

Dell is now accepting PayPal payments from its U.S. consumer and small business customers. There are more than 86.6 million PayPal accounts, with users transacting more than $6.7 billion in the third quarter of this year. Dell is a information-technology supplier and partner, and sells a comprehensive portfolio of products and services directly to customers worldwide with company revenue of $54.2 billion.

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MoneyPass Surcharge-Free ATMs Top 10.5K

U.S. Bank’s Elan Financial Services and GenPass have decided to merge the “MoneyPass” and “Fastbank Free” surcharge-free ATM networks. Elan acquired Genpass in May and its surcharge-free network of more than 6,500 ATMs. The merger will create a national, surcharge-free network with nearly 10,500 ATMs located in the 48 continental states. The merged network will maintain the “MoneyPass” brand name and will continue the “pay as you go” pricing model. Genpass also operates the “Moneymaker” and “MONEY BELT” EFT Networks. Through the recent acquisition of Genpass, Elan now provides processing services for more than 31,000 ATMs nationwide and support more than 18 million ATM and debit cards. (CF Library 5/11/05)

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Simon Launches a VISA Giftcard Sweepstakes

Simon Brand Ventures, along with VISA and retailers in its 160 malls, is launching an instant-win holiday sweepstakes offering shoppers a chance to win one of 20,000 $25 “Simon VISA Giftcards” and a grand prize of a $5,000 “Simon VISA Giftcard.” Approximately 3.6 million sweepstakes game pieces will be distributed to consumers around the country when they purchase a Simon Visa Giftcard. Approximately 20,000 of the sweepstakes game pieces will include a message revealing that the player wins a $25 Giftcard that are redeemable instantly. The game pieces will include retailer offers customized for each mall. The Simon Visa Giftcard is currently issued by U.S. Bank. The Simon Property Group current total market capitalization is approximately $39 billion.

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CardWizard Signs its 200th Customer

Colorado-based Dynamic Card Solutions has signed its 200th customer for its “CardWizard” instant issuance debit card software. Virginia Commerce Bank will begin installing DCS’ CardWizard software and DataCard’s 150i embosser in December to instantly issue Visa debit cards from its Reston, Virginia location. It will then roll out the program to its remaining 17 branches by March of next year. Dynamic Card Solutions is a instant issuance provider for Visa and MasterCard debit cards in the United States.

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Holiday Retail Sales on Cards to Hit $120B

Americans will likely use general purpose credit/debit cards and store credit cards to charge about $120 billion in retail sales this holiday season. The figure is about 5.4% above last year. Signature debit card use is expected to soar by nearly 17% while store credit cards will generate fewer sales this year, about 8% less. Consumers will likely rack up more than $77 billion in holiday sales on VISA, MasterCard, American Express and Discover credit cards. VISA reported that total spending by consumers and businesses on VISA-branded payment cards rose to approximately $23.3 billion last week, a 12% increase over the same period in 2004. VISA says the figures point to a moderate to strong holiday season.

Holiday Card Volume
(five weeks ending 12/25)
2004 2005 Gain
Credit: $73.6 billion $77.1 billion + 4.8%
Debit: $24.2 billion $28.2 billion +16.7%
Store: $16.0 billion $14.7 billion – 8.0%
TOTAL $113.8 billion $120.0 billion + 5.4%
Source: CardData (www.carddata.com)

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LG CARD 3Q/05

The country’s second largest credit card issuer has posted 1.18
trillion won in profit for 2005 after earning 363.4 billion won in the
the third quarter. However, controlling interest in LG Card is on the
sale block as its creditors this week named JP Morgan Chase as the lead
manager for the sale. Korea Development Bank and other creditors are
seeking to unload their combined 51% stake in LG Card by the end of this
year. The expected sale price is expected to be in the 5 trillion won
range. LG Card has posted four consecutive quarters of solid
profitability. In the third quarter of 2004, the issuer reported a 46.8
billion won loss. Since then, LG Card has earned 1.47 trillion won. In
the first quarter of this year, the issuer earned 479.8 billion won. For
complete details on LG Card’s latest performance, visit CardData (www.carddata.com).

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