MasterCard’s U.S. GDV Up 8% in 3Q/04

MasterCard reported that its U.S. gross dollar volume for the third quarter increased 7.7% over 3Q/03 to $176.0 billion, compared to a 7.2% annual growth rate for the prior quarter. The number of U.S. credit cards grew by more than five million to 267.5 million since the second quarter. U.S. credit card accounts also grew by more than five million to 218 million over the past three months. MasterCard ended the third quarter with 52.9 million off-line debit card accounts representing 58.3 million cards. Credit card volume was up 4% to $139 billion and debit card volume increased 22% to $37 billion. Combined purchase volume for U.S. credit and debit cards in the third quarter increased 7.7% to $133 billion, compared to one-year ago. During the quarter, MasterCard processed 1.9 billion credit card purchase transactions and more than 550 million debit card purchase transactions in the USA. For complete details on MasterCard’s 3Q/04 results, visit CardData ([www.carddata.com][1]).

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

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Maxsys Adds Contactless Personalization Module

Datacard Group has added new features to its “Maxsys” card issuance system. Datacard has integrated a host of intelligent features into the supply products for the “Maxsys” system. Major enhancements have also been made to the user interface of the “Maxsys” system to ensure that the system integrates easily into card issuance operations without burdening operators with a significant learning curve or
training. In addition to the easy-to-use interface, all screens and error messages are now available in a variety of languages including English, French, German, and Japanese with additional languages to follow.

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Comdata’s SVS Acquires Datamark Technologies

Comdata’s Stored Value Systems have acquired the business of Datamark Technologies. NJ-based Datamark is a privately owned corporation that provides turnkey stored value solutions to more than 200 clients in the retail, hospitality, oil and gas, travel, and telecommunication industries throughout North America. KY-based SVS has about 200 employees and serves more than 200 retail clients with gift card solutions–transaction processing, loyalty programs, card production, and management.

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MasterCard Honors 3 Asia-Pacific Co-Branded Cards

MasterCard announced that three co-brand card programs from Asia/Pacific have been inducted into its “Winners’ Circle.” “Coles Myer Source MasterCard,” “Virgin Money MasterCard” from Australia, and the “Vanke Real Estate Co-Brand” from China received the inaugural award that recognizes partners for excellence in co-branding. The “Coles Myer Source MasterCard” is the fastest growing credit card in Australia, with over 470,000 cards issued since its launch in October 2003. The card is also the only no fee gold card in Australia. The “Virgin Money MasterCard” offers low pricing and an instant rewards program, attracting over 500,000 new applicants within the first nine months.
The “Vanke Real Estate” co-brand was launched in more than six cities including Beijing, Shanghai, Shenzhen, Jiangsu, Liaoning, and Hubei. It has issued 30,000 cards to-date since September 2003, making it one of China’s most successful programs.

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Hypercom Introduces POS Network Access Controller

Hypercom has introduced a high-density, multi-function POS network access controller to speed transactions for financial institutions, retailers, service providers, and other high traffic transaction-oriented entities. The compact “MegaNAC 240” concentrator utilizes an advanced, high-density DSP network interface module that supports a full T1, E1, or ISDN PRI trunk on a single card. As a result, a single 19-inch wide chassis can support up to eight digital trunk lines totaling 240 multi-speed, multi-protocol modem or data ports. The chassis also supports TCP/IP network interface cards, allowing a user to mix-and-match dial and IP transactions within a single, common platform. On the backbone network side, the “MegaNAC 240” supports an array of host and WAN protocols, including TCP/IP, SNA/SDLC, X.25, and Frame Relay.

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VeriFone Adds New Terminals to its Vx Line

VeriFone unveiled a countertop multi-application terminal and a wireless and portable terminal in its new “Vx Solutions” terminal family. The new countertop “Vx 510” and wireless “Vx 610” represent upgrade paths for current users of “Omni” terminals. The “Vx 510” incorporates a built-in thermal printer with drop-in “clam shell” paper loading, a backlit display, ATM-style interface, and on-screen prompts. The advanced processor also provides multi-tasking capabilities suited to value-added applications and EMV smart card transactions. The “Vx 610” features the same compact design of the “Vx 510,” but in a portable, battery-powered form factor that uses Wi-Fi, CDMA and GPRS. To-date VeriFone has shipped more than 50,000 terminals in its “Vx Solutions” line.

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