Milwaukee-based Metavante Corporation announced that Astoria Federal Savings has signed a contract extension with Metavante to continue as its financial technology services provider. In addition, Astoria Federal renewed its contract with Metavante subsidiary NYCE for data processing and electronic funds transfer marketing services. Astoria Federal Savings and Loan Association is the wholly owned subsidiary of Astoria Financial Corporation with assets of $23.4 billion. Metavante Corporation provides banking and payment technologies to financial services firms and businesses worldwide.Details
Shell has signed a five-year master arrangement with Radiant Systems for the supply of POS software, back office software and related services across the Asia Pacific region. The first market where Shell and Radiant Systems are cooperating under this five-year agreement is Malaysia, where new POS and related systems are being deployed to comply
with the country’s EMV standards for the acceptance of credit cards at retail sites. Headquartered in Atlanta, Radiant has deployed its solutions in more than 50,000 sites worldwide.
Fair Isaac Corporation has been recognized by CMP LLC Intelligent Enterprise magazine Choice Awards as one of the 12 most influential technology companies of 2005. Fair Isaac was acknowledged as the leader within the “Vanguard” category, which recognizes companies that are helping businesses push the envelope in leveraging information for greater agility and smarter business processes. Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably.Details
Info Touch Technologies announced a strategic alliance to roll out self-serve automated touch-screen kiosks to 25 designated NOCO Express convenience stores in Buffalo, New York. Initially, NOCO Express customers will be able to make real-time bill payments and purchase prepaid products and services with cash. Other financial services such as purchasing auto insurance, money orders, sending money transfers, issuing and re-valuing prepaid stored value credit cards, check
cashing and selling mobile content will be phased in subject to cooperative initiatives with other Info Touch and NOCO service provider partners. Info Touch Technologies is a strategic investment of Hewlett Packard, and is building the “TIO Network,” a multi-retailer network of financial services kiosks for the non-banked consumer marketplace in North America.
The cumulative total stockholder return value of First Data’s stock increased by 74% since December 1999, compared to a slight loss for companies in its peer group and by the “S&P 500 Index.” FDC’s Chairman and CEO, earned $5.37 million last year, compared to $4.81 million in 2003. Charles Fote also received $3.3 million in stock options for 2004. Scott Betts, President/Enterprise Payments, earned $1.12 million last year, a 47% gain over 2003. Betts also received $1.3 million in stock options. Michael D’Ambrose, EVP/HR, received $1.23 million for 2004, a 19% increase over the prior year. D’Ambrose also received $1.3 million on stock options. Christina Gold, President/Western Union Financial Services, earned $1.12 million in 2004, compared to $1.02 million for 2003. Gold also received $1.3 million in stock options. Pamela Patsley, President/First Data International, earned $2.3 million last year compared to $2.15 million in 2003. Patsley also received $1.3 million in stock options. First Data reported net income for full-year 2004 of $1.88 billion, compared to $1.41 billion for 2003. For complete details on First Data’s latest results, visit CardData ([www.carddata.com]). (CF Library 1/27/05)
Payment processor TeleCash has selected Ingrian “DataSecure
Platforms” as an additional layer of security for the privacy and
protection of credit card data. With Ingrian, TeleCash adds capabilities for intelligently encrypting and securing critical data in applications and databases, and ensuring that data remains protected from internal and external threats. TeleCash says that with Ingrian, it can
intelligently and cost-effectively increase protection of critical
records like credit card numbers and identification numbers. TeleCash has over 190,000 payment terminals installed at German retail POS and is a First Data company.
First Data is now processing card payments at Burger King restaurants in Canada. First Data is handling MasterCard card processing and settlement for 123 corporate-owned Burger King restaurants throughout Canada, according to last week’s issue of CardFlash International ([www.cardflashinternational.com]). FDC’s payment processing solution in Canada supports the MasterCard “Quick Payment Service” program, which eliminates the need for a signature on the receipt for purchases under $25 with a MasterCard card. Burger King Canada is the largest merchant in Canada to incorporate MasterCard “QPS.”
Viisage announced that it has received a new order for $1.7 million to continue to support the production of the Common Access Card (CAC) program for the US Department of Defense (DoD). The CAC program smart card technology maintains critical identity information to grant individuals varying privileges. Viisage provides technology identity solutions for governments, law enforcement agencies and businesses concerned with enhancing security, reducing identity theft, and protecting personal privacy.Details
Direct Response Financial Services, Inc. announced the formation of its Board of Advisors. The first two advisors to join are Chris del Rey, President of del Rey Marketing, a leading Hispanic marketer to grocery retailers nationwide and Patrick Merkley, President of ATMSafe, a provider of insurance and other services for ATM users. The Company intends to expand its Board of Advisors by adding experts from complimentary fields supporting Direct Response’s growth. Direct Response Financial Services, Inc. is a provider of payment card systems including a variety of branded and co-branded stored value cards and has targeted marketing for payment solutions for un-banked and under-banked Latinos, the largest and fastest growing population in the United States.Details
The cumulative total stockholder return value of MasterCard’s stock has soared by 63% since March 2003, compared to a 47% gain for the “S&P Financial Index” and a 43% gain by the “S&P 500 Index.” In light of the performance, MasterCard paid its top executive nearly $9.3 million in total compensation last year. CEO Robert Selander receives a base pay of $800,000 annually but earned a $2.5 million bonus for 2004 compared to $1.9 million for 2003. Noah Hanft, General Counsel and Corporate Secretary, earned $1.9 million in 2004, compared to $1.45 million in 2003. Christopher Thom, Chief Risk Officer, received about $5 million compared to $4.3 million in 2003. However, two top executives received lower total pay last year. Alan Heuer, COO, received total compensation of about $5.3 million in 2004, down 31% from 2003. Jerry McElhatton, President of Global Technology and Operations, earned $4.0 million last year, a 37% drop from the prior year. McElhatton is in the process of retiring from MasterCard. MasterCard reported a profit for full-year 2004 of $238 million, compared to a net loss of $386 million for 2003. For complete details on MasterCard’s latest results, visit CardData ([www.carddata.com]). (CF Library 9/23/04; 2/7/05)
Illinois-based Spartanics has introduced super-simplified feed software enabling operators with minimal training to significantly decrease set-up time in card punching operations. It is specifically geared for the growing number of card manufacturers that seek to use lower cost labor in order reduce costs in the increasingly competitive card manufacturing industry. Spartanics manufactures technology for inspection, card punching, die cutting, counting/batching and special material handling systems for worldwide card manufacturers.Details