Jack in the Box Launches a Reloadable Gift Card

The nation’s credit card pioneer in QSR card acceptance has introduced a reloadable gift card. Jack in the Box has rolled-out the “Jack Cash” card. The card is available in any amount from $5 to $100, and can be purchased at nearly all Jack in the Box restaurants or on the Company’s Web site. Jack in the Box restaurants recently reported that 90% of all company restaurants and franchised locations now accept MasterCard, VISA, and Discover cards. Jack in the Box has more than 2,000 restaurants in 33 states. (CF 11-18-04)

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FTC Issues Final FACTA Summaries And Notices

On Friday, the FTC issued final summaries of identity theft and general consumer rights and revised furnisher and user notices under the “Fair Credit Reporting Act” and the “Fair and Accurate Credit Transactions Act of 2003.” The general consumer rights summary includes, among other things, consumers’ right to see their credit files and know when they have been used against them, to correct inaccuracies, and to opt-out of unsolicited offers. In response to the public comments, the Commission has included: (1) the addition of a Spanish-language statement at the top of the summary of rights indicating where Spanish-speaking consumers may go to obtain more information in Spanish; (2) clarification that a consumer must contact the nationwide consumer reporting companies to request that a fraud alert be placed on his or her credit file, and that the initial alert remains in a consumer’s file for at least 90 days; and (3) clarification that a consumer may request that a consumer reporting company block any information, not just account information, in the consumer’s file if the information is the result of identity theft.

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Oberthur Hits 100 Million EMV Card Milestone

Oberthur Card Systems has delivered its 100 millionth EMV card to the UK banking market. The Company’s technical team developed the first UK chip-based bank card’s “Functional Requirements Specifications” with APACS in 1995. The 100 million cards were all manufactured in Oberthur Card Systems’ Tewkesbury facility in the U.K., a site that provides end-to-end card fulfillment from card manufacturing, microelectronics, chip embedding to personalization. Oberthur has a 60% share of EMV chip cards in the UK banking market.

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American Airlines Launches MasterCard Mall Promo

American Airlines mall is now offering double “AAdvantage” miles on every MasterCard purchase with over 90 merchants at the “AAdvantage eShopping” mall. The offer is valid from now until December 31, 2004. The more purchases consumers make with a MasterCard, the bigger their bonus will be. Consumers can earn up to 10,000 miles if they spend $1,000 using their MasterCard. Holiday merchants featured in this offer include Banana Republic.com, Barnes & Noble.com, Hallmark.com, KBtoys.com, Target.com, and more. American Airlines is the world’s largest carrier. Along with American Eagle and the AmericanConnection(R) regional carriers, over 250 cities in 40 countries are served with over 3,800 daily flights.

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SVS Links Up to Hallmark’s Gift Certificate Center

Comdata’s Stored Value Systems has inked a deal with Hallmark’s Internet-based Gift Certificate Center to help SVS clients realize incremental B2B sales. Gift Certificate Center’s gift cards will integrate into SVS client’s reporting system. The agreement enables Gift Certificate Center to potentially add over 200 new SVS merchants. Gift Certificate Center is the most established provider of gift certificates to the business market. Stored Value Systems, Inc. is a world leading provider of electronic gift cards and other card-based transaction programs.

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United Bank Card Offers Free Nurit Terminals

NJ-based United Bank Card is now offering “Nurit 8320” terminals free of charge, in a move designed to provide ISOs with a method to attract new merchants. United Bank Card is also offering a free “Ingenico eN Check 2500” check reader and a free “E-Pad” signature capture system, providing merchants with a full payment solution. UBC says that there are no hidden fees or long term contracts. This program will not be funded by alterations to the full residual program and United Bank Card is paying an additional $100 up-front bonus per merchant application to counteract the loss to ISOs from not selling or leasing terminals. The “Nurit 8320” is the flagship of the Nurit family of terminals and is an all-in-one payment device, supporting all major credit cards and a range of functions on one secure multi-application platform. It contains a built in printer and pin-pad and is the preferred terminal for small and medium-sized businesses.

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NCR Demos a Gizmo to Fight ATM Card Fraud

NCR has developed a gimzo to thwart card skimming and card trapping at ATMs. The new “Fraudulent Device Inhibitor” is placed in front of the entrance to the ATM card reader and is designed specifically to prevent an ATM customer from inserting his or her card into the machine if a trapping device has been added to the card reader. NCR’s countermeasure device has a number of unique features, including a hologram built into the design that makes it more difficult to replicate. The introduction of illumination behind the countermeasure device also makes any attempt to attach a fraudulent device even more visible. The “Fraudulent Device Inhibitor” can be used in conjunction with NCR’s patented “Enhanced Card Drive,” also known as “jitter.” The introduction of a stop-start, or jitter motion, is designed to distort the magnetic stripe details being copied by the criminals’ device.

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OneSMART MasterCard Retail to Debut in Iceland

MasterCard is expecting its first roll-out of the new “OneSMART MasterCard Retail package, using Welcome Real-time’s “XLS” software on a “MULTOS” chip platform. The roll-out by Reykjavik Saving Bank (SPRON) in Iceland will be based on their successful multi co-brand program called “Ekort.” Launched in February, with nearly 200 retailers, SPRON and its partners are looking to leverage their EMV investment. For the launch, SPRON will be working with leading retailer Hager, with 58 stores across the country. “OneSMART MasterCard Retail” is a powerful chip package that combines payment, loyalty, and cardholder preferences management in a single point of sale transaction using MODS (MasterCard Open Data Storage(TM)) features. This single system application allows cardholders to receive on-the-spot loyalty bonuses and customized offers from participating retailers, based on preferences the consumer opts in to, which are stored on his or her payment card.

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CU HERE and MoneyPass Exchange Free ATM Access

FL-based Credit Union 24 and PA-based Genpass have inked an alliance wherein participants in CU24’s “CU HERE” surcharge-free program and “MoneyPass” participants will be able to obtain surcharge-free ATM withdrawals at each other’s ATMs. This alliance allows surcharge-free ATM access for CU HERE’s 5.5 million cardholders at more than 11,000 ATMs nationwide. The alliance not only adds 2,800 ATMs to those ATMs that “MoneyPass” cardholders may access surcharge-free, but brings the total number of cardholders that can obtain “MoneyPass” & “CU HERE” surcharge-free ATM transactions to more than 12 million. Credit Union 24 provides ATM & POS network services to more than 410 credit unions in 23 states. Genpass is the second-largest ATM driver in the USA.

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JCB Card Launched for the Working Stiffs

Equitable CardNetwork in the Philippines has launched a new JCB credit card with a unique installment plan tailored to the ordinary worker’s salary payment cycle, as well as a reduced annual fee. The new “EasyPay JCB Card” allows cardholders to pay for every purchase in four equal payments, twice a month over a period of two months, since salaries are paid every two weeks in the Philippines. The card also carries an annual fee that is one-third of the average annual fee of other credit cards. Currently, there are approximately 4 million people with credit cards in the Philippines, about 5% of the total population, but most of these are from the top layer of the affluent classes. The “Easy Pay JCB Card” features are targeted to a much wider market, and ECN anticipates issuing 30,000 of the “EasyPay” product in the first year. Card marketing will be supported by newspaper, radio and public transit advertising. JCB cards are now issued in 18 countries and territories, with 51.6 million cardmembers.

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Indala Promotes Barnes to Product Management

Simon Barnes, previously Indala director of sales for EMEA, has been promoted to VP of product management. Mr. Barnes will be responsible for creating and implementing product strategy to exceed customer demands and corporate objectives. Barnes is a veteran of the security industry with over 20 years of experience. Indala Corporation develops and manufactures 125 kHz proximity, 13.56 MHz contactless and contact smart cards and associated readers for physical and network access-control applications.

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CTFS Options MasterCard Outstandings Up 26%

Canadian Tire Financial Services reported that its net managed credit card receivables, for the third quarter, increased 25% year-over-year to $2.7 billion, driven by a 26% increase in “Options MasterCard” average balances to $1,483. Pre-tax earnings rose 38% to $36.7 million. However, the average number of accounts with a balance declined slightly during the quarter primarily due to the sale of the commercial and PartSource credit card portfolios, a short-fall in in-store applications and adjustments to account approval standards over the first six months of the year. During the quarter, Financial Services tested a new personal (term) loan product targeted to existing credit card customers which added approximately $70 million in receivables at the end of the quarter. In addition, in the third quarter CTFS partnered with BMO Bank of Montreal to launch the new “Canadian Tire Commercial Link MasterCard” to replace the existing commercial card. Active commercial accounts are held by more than 50,000 Canadian Tire business customers. For complete details on Canadian Tire Financial Services’ third quarter performance visit CardData ([www.carddata.com][1]).

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

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