Fair Isaac has released “Payment Optimizer 2.0,” the first fraud detection system for healthcare payers. Version 2.0 of Payment Optimizer incorporates six additional models, which offer clients more refined and highly effective pre-payment fraud detection capabilities. Other key enhancements include an improved ability to review at both the individual claim and the aggregate levels, such as provider, patient and procedure, resulting in a more insightful analysis of fraudulent activity prior to payment and before losses mount. Fair Isaac healthcare analytics deliver proven solutions that unlock value and improve decision making for healthcare payers and providers.Details
Fiserv has named Michael Gantt as President of the Fiserv Bank Systems & eProducts Group, replacing the retiring Rodney Poskochil. During his tenure with the Fiserv Insurance Solutions Group, Gantt led a successful expansion of the group’s business into new industries such as health plan administration. As a group president, Gantt will be a part of Fiserv’s Management Committee, a group that shapes much of the company’s strategy and direction. Gantt will report directly to Balthasar. Fiserv, Inc. (Nasdaq: FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions.Details
Benihana is rolling out its new “Emperor’s Club” loyalty card in the fourth quarter. The pilot program was launched in 2003 at Doraku, part of Benihana’s boutique restaurant division and is slated for system-wide roll out in the fourth quarter of 2004. The Emperor’s Club Program employs the Verifone 3300 terminal with credit card and gift card services from Paymentech, soon to be available in restaurant terminals and Real Time Rewards from Ernex Marketing Technologies, headquartered in Vancouver BC, Canada.Details
Thales has selected ASK to supply the contactless cards and tickets for the Dutch public transports. The Netherlands will be one of the first countries in the world to have a full contactless AFC system on their whole public transportation network. The Deutsh e-ticketing project under the supervision of “Trans Link System” project involves a consortium of the 5 largest transit operators in the Netherlands and should be starting in Rotterdam in fall 2004 to spread to the
other cities by 2006. Over 2 million passengers daily should be thus
traveling by train, metro, bus, boat or tramway.
Collective Point of Sale Solutions has signed an agreement to license and resell SCTN’s patent-protected, end-to-end loyalty program management solution to its customers throughout Canada. The program includes “e-llegiance” and “Loyalty Central.” Smart Chip Technologies’ turnkey loyalty program management system, co-developed with the Airos Group and IBM, enables smarter, click-and-mortar, real-time rewards programs running on bar code, magnetic stripe, RFID, or smart cards, laptops, PDAs such as Palm or Windows devices, TV set top boxes, or mobile phones. Collective-POS is Canada’s leading private provider of merchant services including point-of-sale hardware, software, and credit/debit transaction processing, with thousands of satisfied merchants from coast to coast.Details
Moneris Solutions recently analyzed the credit card and debit card transaction volumes of Quebec merchants during the province-wide “Moving Day” period, around July 1st. As expected, related businesses such as moving vans, paint and wallpaper stores, and even hotels enjoyed a healthy spending increase during this year’s moving period. Other findings include: debit and credit card spending at motor freight carriers jumped 24%; video tape rental stores sales also increased by 24%; car rentals rose 13%; household appliance sales were up 13%; hotels were up by 10%; and glass, paint and wallpaper sales increased by 5%.
While there is no definitive explanation for the July 1st moving
custom, an old Scottish tradition might help explain it. Every 1st of May, residents were allowed to terminate their lease in order to find better housing. Scottish immigrants brought this tradition to Quebec and the day was moved to the 1st of July, in order to avoid conflicting with the school year.
Triton’s new encrypting PIN pads on the Triton “Mako,” “SuperScrip,” “9100,” “9700,” and “9600” series ATMs have been certified as being compliant with new VISA security requirements. This additional compliance confirms Triton’s ongoing commitment to providing a secure vehicle for consumers to carry out various financial transactions. Triton continues to uphold consumer security by also providing Triple DES encryption capabilities, now standard on all Triton ATMs. Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 100,000 installations in over 17 countries worldwide.Details
NCR Corporation announced that Glen Fukushima has been named co-president of NCR Japan. He will serve with co-president Hideki Hosoi. Fukushima has also been named to NCR Japan’s board of directors. Fukushima joins NCR Japan from Cadence Design Systems, Inc. where he
served as chairman, president and chief executive officer of the
software company’s business operations in Japan. Prior to that, he was
corporate vice president of the global management consulting firm Arthur
D. Little, Inc. and president of its Japan organization.
Houston-based StarTrust Federal Credit Union has launched the “MasterCard Family Account” for its members, through TNB Card Services. StarTrust, a $53 million credit union with 9,300 members that serves downtown Houston, began offering the Family Account this month. It is a credit card program designed to help families teach young people how to handle their finances responsibly. TNB Card Services, owned and directed by credit unions since 1976, provides full-service credit and debit card processing, as well as an agent issuing solution for credit unions nationwide.Details
NJ-based Retail Decisions has hired Phaedra Saylor, formerly of CyberSource, as Director of Business Development. Saylor’s role will consist of developing and managing strategic partnerships and reseller channels throughout North America. etail Decisions (ReD) is an international electronic payment transaction services business that provides fraud prevention, enterprise-wide payment processing and value-added transaction and consulting services to the retail, finance, telecommunications and e-commerce sectors.Details
MasterCard International reported second quarter worldwide gross dollar volume (purchases + cash ) of $349.0 billion, an increase of 9.2% over the second quarter of last year. Total purchases on MasterCard credit and off-line debit cards rose 11.7% in the second quarter, with each region, except the USA, reporting double-digit growth. Purchase volume in South Asia/Middle East/Africa increased 29%, and Latin America rose 27%. In Europe purchase volume rose 13%, compared to 9% in the USA and 15% in Canada. In Asia-Pacific, where total gross dollar volume only grew 3%, purchase volume was up nearly 16%. GDV for worldwide credit and charge programs grew 10.6% to $285.9 billion, and GDV for offline debit programs rose 0.4% to $63.1 billion over the same period in 2003. Gross transactions for credit and offline debit programs increased by 10% in 2004 compared to the second quarter in 2003. MasterCard’s almost 25,000 customer financial institutions around the world had issued more than 638.3 million MasterCard-branded cards, a 5.3% increase over the second quarter of 2003.Details