On Track Innovations Q2 Revenue Up 45%

On Track Innovations posted revenues for the first six months of $14.5 million, a 45% jump over the same period of last year. Revenues for the second quarter were up to $7.8 million from $4.6 million in 2Q/04. The increase in revenues represents the rapid advancements in the contactless market around the world and in particular the contactless payments market in the U.S. Net loss for the period decreased by 21% to $4.7 million. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. For complete details on OTI’s second quarter performance, visit CardData ([www.carddata.com][1]).

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

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Royal Group to Phase-In JCB’s QUICPay Acceptance

The Royal Group, a major restaurant chain in Japan, will be phasing in “QUICPay” acceptance during October. With all Royal Host and Sizzler restaurants nationwide included, 300 locations will be offering JCB’s contactless payment solution. “QUICPay,” a contactless payment solution, was launched by JCB in 2003. A part of the customer’s existing credit limit is assigned to a contactless IC chip, which may be embedded in a plastic card or in a mobile phone handset. “QUICPay” purchases are linked to the cardholder’s existing JCB credit card account.

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Trans Union Launches 3-in-1 Monitoring

Competition is heating up among the three major credit bureaus for delivering the highest value credit monitoring service. This week, Trans Union introduced a new service that offers unlimited access to the credit reports and scores of all three bureaus for less than $120 per year. Trans Union is also sweetening up the offer by giving away the first month. Equifax also offers access to all three bureaus for $129.95 per year, but unlimited access is only available for Equifax reports and only credit scores from Equifax are included. Experian does not offer a three bureau credit monitoring service but does offers access to all three bureaus for $34.95 which includes one score from Experian. The Trans Union offer comes on the heels of a recent settlement between the Federal Trade Commission and Experian over the marketing of free credit reports. (CF Library 8/17/05)

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Worldwide Global Express to Market a Cheque Card

Hong Kong-based Worldwide Global Express has contracted with Global Travel Exchange, a provider of direct access travel distribution technology, for the marketing of Global Travel Exchange’s branded cheque card in North America, Asia and Europe. Worldwide Global Express will use the first cards as test and presentation cards as it launches its marketing and distribution for the Global Cheque Card, beginning in 7 countries in North America, Asia and Europe, with a particular focus in the Asian market. Global Travel Exchange will receive a $30,000 per country licensing fee from Worldwide Global Express, in addition to initiation fees, monthly management fees, ATM usage fees, and loading fees.

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CTB Introduces GiftVantage VISA

Atlanta-based Citizens Trust Bank has launched a suite of “GiftVantage” VISA gift cards. GiftVantage cards allow customers to purchase a personalized gift, available in any denomination up to $500 and can be redeemed for goods or services wherever Visa debit cards are accepted. Citizens Trust Bank, with assets of more than $340 million has nine offices located in the southern U.S.

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Processing Pricing Study Gears Up for 05

Omaha-based Strategic Management Partners is now accepting new subscribers for its “Pricing Benchmark Study” which compares the processing pricing (line item and total cost per transaction) from all the major third-party processing companies by portfolio size. Participants contribute pricing and volume data on key front-end authorization and back-end settlement line items. The data is then consolidated and sorted into volume bands for reporting. Strategic Management Partners, LLC is comprised of senior payments industry executives that provide clients with advice and additional management resources.

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Famous Hacker to Keynote a Vegas Summit

Notorious hacker Kevin Mitnick will be the keynote speaker at Shift4’s “Transaction Security Summit” scheduled for September 28 & 29 in Las Vegas. With more than fifteen years of experience in exploring computer security, Mitnick is a largely self-taught expert in exposing the vulnerabilities of complex operating systems and telecommunications devices. Mitnick gained unauthorized access to computer systems at some of the largest corporations in the world. Shift4 develops financial transaction processing software and provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices and e-commerce markets.

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My Payment Network Launches SchoolPay

California-based My Payment Network has launched “SchoolPay,” a new service enabling parents to make electronic payments to their child’s school via check, credit card or PayPal. SchoolPay’s online administrator interface allows school personnel to run reports, create payment items and actively manage all the payments a school receives. A percentage of the revenue earned from parent subscribers is donated back to the school. My Payment Network delivers online payment acceptance to schools, businesses and associations.

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MICROS Lands an iCare Card Client

Pinnacle Entertainment has deployed both the “MICROS 9700” hospitality management system and the “MICROS iCare” gift card solution at a new gaming property in Louisiana. Pinnacle Entertainment owns and operates casinos. MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries, property management systems, central reservation and customer information solutions worldwide.

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Do Not Call Registry Tops 100MM Numbers

Statement of Federal Trade Commission Chairman Deborah Platt Majoras on the 100 Millionth Number on the National Do Not Call Registry

I am pleased to report that, as of this week, the National Do Not Call Registry has topped 100 million phone numbers. This is a significant milestone for the Registry, which opened for business just over two years ago.

The Registry is an efficient and effective tool for consumers and businesses. While millions of citizens have chosen to limit the number of unwanted telemarketing calls they receive, thousands of businesses are able to target their calls to people who want to receive them. Industry compliance continues to be high, and registration remains free and easy.

The Registry speaks volumes about the success of government programs driven by consumer choice, and Americans’ preference for uninterrupted dinner-time conversation.

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[Click Here For More Information In PDF Format.][1]

[1]: /cardflash/secure/oldstatic/2005/august/19a.pdf

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MUZO to Provide Personalization to Diners Club

Prague-based MUZO has executed an agreement with Diners Club to provide card personalization services in the Czech Republic. Currently, MUZO provides card transaction processing and authorizing services for Diners Club in the country. According to Diners Club, they have issued cards in the Czech Republic since 1998 with acceptance today at 37,000 locations. MUZO is one of the Czech Republic’s largest indirect processors, and provides card issuing and processing services throughout Central and Eastern Europe. Global Payments is a majority owner of MUZO.

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