The National Association of Credit Management released its “Credit Manager’s Index” for May which shows an overall reading of 60.2%, a decline from its record high registered last month. This reading has fallen from its record high registered last month, as have those for both the manufacturing and service sectors. The readings indicate that although growth continues to be strong in each sector, the rate of change in May relative to April slowed with greater deceleration in the service sector. The National Association of Credit Management, headquartered in Columbia, Maryland supports more than 25,000 business credit and financial professionals worldwide with premier industry services, tools and information.Details
Costco Wholesale has installed its 200th fuel site with the Retalix “StoreLine Fuel Solution”. Retalix was selected as the preferred fuel application provider by Costco after extensive comparison and performance testing, and Costco is currently operating with the Retalix StoreLine solution in all of its North American fuel stations. StoreLine fuel provides high throughput and solid reliability in an unattended environment that includes some of the busiest fuel sites in the country. Costco currently operates 433 warehouses, including 320 in the United States and Puerto Rico, 63 in Canada, 15 in the United Kingdom, five in Korea, three in Taiwan, four in Japan and 23 in Mexico. Retalix Ltd., with North American headquarters in Dallas, TX, provides integrated enterprise-wide software solutions for the global retail fuel and food industries, including supermarkets, convenience stores, fuel stations and restaurants.Details
Diebold’s Board of Directors has authorized an additional two million share stock repurchase as it has approximately 170,000 shares remaining under its previous authorization. The company plans to opportunistically repurchase shares as a means of returning cash to its shareholders and offsetting the dilution from company issued shares under employee stock option and other award programs. Diebold, Incorporated, is a global leader in providing integrated self- service delivery systems, security and services.Details
Europe’s first cross-border interoperable m-payments system is taking shape. The T-Mobile “Mobile Wallet” system is based on a complete end-to-end solution provided by Encorus, which is majority owned by First Data. T-Mobile’s “Mobile Wallet” is available to T-Mobile customers on t-zones (T-Mobile’s mobile multi media services), enabling them to make simple and secure payments for goods and services from their mobile devices using existing credit or debit cards. The t-zones portfolio of infotainment offers already include a wide range of news, games, sport, music, finance and chat services. Uniquely, Encorus has provided T-Mobile with wallet software, transaction processing and merchant acquiring services. Merchants participating in the t-zones service include Allsports, Aral, ebookers, Germanwings, getgo, OTTO, Orion, TELTIX, and WHSmith to name just a few. At the end of 2003, T-Mobile had 61 million customers in its owned and controlled operations and around 90 million customers including its minority interests and network operations it manages directly owned by Deutsche Telekom.Details
U.S. Bank Voyager Fleet Systems announced an acceptance agreement with Ford Motor Company. “Voyager Fleet Card” holders will now be able to pay for products and services at all participating Ford and Lincoln-Mercury dealership locations nationwide. More than 1,500 dealerships are currently enrolled in the “Voyager Fleet Card” acceptance program. Voyager Fleet Systems currently provides universal fleet fueling and maintenance card for over 1.3 million vehicles. The “Voyager Fleet Card” is now accepted at over 185,000 retail locations in all 50 states. The “Voyager Fleet Card” offers purchase control, exception monitoring, flexible reporting options, merchant discount, online customer access, tax exemption, as well as flexible billing and payment options.Details
Vancouver-based QI Systems reported that Cale Parking Systems has sharply accelerated delivery schedules and has placed additional orders for “QI Hybrid” card payment terminals for use in Cale self serve parking machines. Cale previously ordered 525 “QI Hybrid” terminals. QI Systems Inc. designs and sells card payment solutions for various industries. Products and core competencies include smart cards and stored value systems, security protocols, data communications, software design and hardware manufacture.Details
APAC Customer Services this week announced that Paul Liska has resigned from the Board of Directors. APAC Customer Services, Inc. is a leading provider of customer interaction solutions for market leaders in communications, financial services, insurance, healthcare, logistics and travel and hospitality.Details
Fair Isaac announced the closing of its acquisition of London Bridge Software Holdings plc. In April, Fair Isaac announced it was acquiring London Bridge Software for about $299 million. London Bridge has more than 1,600 clients worldwide and provides a comprehensive portfolio of software and e-Commerce solutions including customer and enterprise management software, banking software, and credit management software. Fair Isaac intends to incorporate London Bridge’s core expertise and leading software and systems for collections and recovery into a solutions portfolio that already includes the industry-standard platforms for account management and fraud detection. Fair Isaac believes it can leverage London Bridge’s installed base of customers for collections and recovery to deliver collections-focused scoring solutions, giving businesses access to customer decision strategies powered and influenced by analytics at the critical revenue recovery stage.Details
VISA has launched its first magic minute sweepstakes in Singapore. The “Win What You Buy” cardholder shopping program will run between May 26th and August 15th or until S$500,000 is redeemed. If the computerized date and time stamp on the cardholder’s charge slip match the day’s selected “magic minute”, the cardholder just needs to present the VISA charge slip to “Win What You Buy” redemption counter within the designated period, whatever the purchase is will be free of charge. The amount will be credited to the cardholder’s VISA card account and shown on the next statement. There is no minimum purchase amount required or lucky draw involved. VISA is also running a similar “Win What You Buy” promotion at Changi Airport May 28th to June 25th in conjunction with the Civil Aviation Authority of Singapore.Details
MasterCard Europe has added a new offering for its small business cardholders as part of its “Working in Europe” program. The anti-virus software, BitDefender Professiona, is being offered as a free one year license to MasterCard small business card holders through MasterCard members. The offer has gone live, first in Belgium through KBC who are currently rolling-out the software as part of their small business programme. Plans are already underway to extend the offering to MasterCard business card holders across Europe, most notably in Spain, Italy, Poland and Hungary.
“BitDefender Professional” is offered through SOFTWIN srl of Romania. Currently priced at EUR 39.95 across all European markets, “BitDefender Professional” offers one of the most respected anti-virus and firewall software packages available in the world.