NJ-based United Bank Card has relocated its headquarters to Hampton, with a new facility three times as large. United Bank Card (UBC) has enjoyed an unprecedented period of growth and needed more workspace. The new headquarters measures 17,000 square feet, enabling up to 75 more jobs to be added to help expand customer service and technical support coverage. United Bank Card, Inc. is a payment and transaction processor serving businesses across the nation.Details
A new survey by London-based APACS has found that nearly half a million Brits indicated they would automatically respond to an e-mail, supposedly from their bank, asking them to click on a link and re-enter their security details. The likely 4% response rate to a phishing and Trojan attack is about twice the rate of the USA. APACS also found that only 28% would check the veracity of such an e-mail with their bank first, while 65% would just ignore it. To educate consumers, APACS launched a one-stop consumer and SME advice site, www.banksafeonline.org.uk, to help Internet users protect themselves from online scams and threats. There are 14 million people banking online in the UK today, according to CardFlash International.Details
Global Payments has introduced its advanced software platform, “VIP LightSpeed,” for the gaming industry which includes: “Global’s VIP Preferred @dvantage,” “PlayerCash @dvantage,” “PlayerNet @dvantage,” and “ATM Cash @dvantage.â Global Payments’ gaming network has over 150 casino participants. VIP LightSpeed provides services for traditional and electronic check cashing, credit and debit card cash advances, player history and credit reports, and ATM cash availability. Edward J. Myers, president of Global Payments’ Gaming Services, says that with VIP LightSpeed, gaming operators will improve cash access processes, increase operating efficiencies, and build customer loyalty. Global Payments Inc. is a leading electronic transaction processing company that offers cash access gaming products and services.Details
Consumer purchase volume on credit cards tapered off during July in Australia to an annual growth rate of 7%, compared to a 16% year-on-year spurt in June. Balances also slowed to a 12% annual growth rate during July, compared to 14% in the previous month, according to CardFlash International. During July, Australians charged A$12.2 billion in purchases on credit cards compared to A$11.4 billion one-year ago. At the end of July, consumers owed A$27.7 billion on credit cards versus A$24.6 billion for July 2003. The ratio of credit card balances to card credit limits was flat compared to one-year ago, according to data released by the Reserve Bank of Australia. One-year ago, consumers had total credit lines of A$65.7 billion. Card credit limits reached A$74.2 billion at the end of July.Details
MS-based Tidel Technologies has begun production on its new model “3700” through-the-wall ATM featuring a Dash ATM enclosure. Designed for financial institutions and retailers, the new model is able to provide customers with 24 hour access to ATM banking and can be placed in walk-up or drive-up locations. The model 3700 is weather- proof and comes with a variety of standard features including a high capacity rear load dispenser and metal keypad. The model runs on the MicrosoftÂ® Windows CE operating system using an Intel Xscale 32 bit processor. To provide the model 3700 with enclosures, Tidel recently formed an alliance with Dash ATM, a company manufacturer of ATM enclosures. Tidel Technologies, Inc. manufactures ATM and cash security equipment intended for retail marketers.Details
St. Clair Interactive and Kiosk Information Systems have teamed up to produce a new self service gift card solution for retail kiosks that enables shoppers to purchase gift cards and check values of existing cards that have xml capability. Shoppers no longer have to wait in line when purchasing and checking values of existing cards. Kiosk’s dispenses and updates values on cards and databases. Kiosk Information Systems designs and manufactures touch screen, self-serve kiosk solutions for self-service applications. With over 28 kiosk models, KIS has the largest self-services product and services line to choose from. St. Clair Interactive Communications is a pioneer in designing, developing, and producing interactive touch screen self-service transaction applications.Details
During August, 11.8 million Canadians, or 64% of all Internet users, visited sites in the banking category. This compares to 8.7 million in May 2003, an increase of 36% in the past 15 months, according to comScore Media Metrix Canada. comScore also found that in the second quarter there was over 960,000 credit card applications initiated online by Canadians. Of the initiated applications, approximately 240,000 total credit card applications were submitted to financial institutions.Details
Egg has received an offer for its savings and online brokerage business, which includes approximately 45,000 savings and investment accounts, from ING Direct France. If the deal goes through, up to 40 of Egg France’s 450 workforce would be re-deployed. Last week, Egg received an offer for the consumer credit part of the French business from Banque Accord. On July 13th the Board of Egg announced that it had begun to
take the necessary steps to withdraw from the French market.
TSYS has completed its new European data center in Knaresborough. The new 53,000 square-foot center replaced the company’s leased data center in Harrogate. TSYS Europe has offices in London and York in the United Kingdom, as well as sales offices in The Netherlands and Spain serving northern and southern Europe, respectively. TSYS currently serves more than 20 million consumer and commercial credit accounts in Europe, a market with 562 million credit and debit cards issued in 2003.Details
Santa Clara University and Seattle Pacific University have selected Moneris to provide credit card processing services through their partner, infiNET. Moneris Solutions is one of North America’s largest electronic transaction processors. The Moneris Solutions and infiNET Service Charge Program enables students at SCU and Seattle Pacific University to pay tuition and other fees using their credit cards. According to Larry C. Wine, president of Moneris Solutions U.S. Group, Moneris and infiNET have created a program that could save universities hundreds of thousands of dollars in budget per year. Moneris Solutions’ processing services are provided through infiNET’s QuickPAY (R) service, which enables the universities to accept credit card payments online. infiNET is a provider of innovative business services and software.Details
Precise Biometrics AB has received two follow-up orders from
the U.S. Department of State, worth about MSEK 1,3 in total. The orders for Precise Biometrics combined fingerprint and smart card readers were received in cooperation with one of Precise Biometrics’ U.S. partners within the information security software segment. The combined fingerprint and smart card readers are optimized for Precise
Biometrics'”Match-on-Card” technology, which makes it possible to store and match fingerprints directly on a smart card, instead of in a less secure environment such as a computer.
FL-based Global Axcess has completed its largest ATM acquisition to-date, adding 770 ATM locations for $7 million in cash. The acquisition marks Global Axcess’s single largest revenue acquisition, with roughly $6 million in annual revenues and an estimated $2 million on annual EBITDA. Global Axcess Corporation is an independent electronic financial transaction processing company that provides turnkey ATM management solutions, traditional certified transaction processing, terminal driving, and products intended for new ATM users through its wholly owned subsidiaries, Nationwide Money Services (NMS), EFT Integration Inc. (EFTI), and Electronic Payment and Transfer Corp.Details