CAPITAL Card Chooses SAS Enterprise Miner

NC-based CAPITAL Card Services has chosen SAS “Enterprise Miner” to help maximize profitability and minimize risk for its customers. CAPITAL recognized that card issuers need to fine-tune their credit selection strategies if they are to improve their overall portfolio profitability. In addition, issuers looking for ways to increase market share are trying to better measure and understand risks associated with lending to atypical credit segments. CAPITAL Card Services Inc. is a leading servicer of MasterCard and Visa accounts for financial and non-financial institutions. SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence.

Details

Giesecke & Devrient Adds a Jewel to its Contactless Cards

Munich-based Giesecke & Devrient has licensed the “Jewel” low-cost contactless smart card chip for mass transit ticketing from Innovision Research & Technology. “Jewel” is the smallest and lowest-cost chip ever produced for smart card applications. With a very small silicon area, the “Jewel” chip is inexpensive to produce and compatible with international standards – including ISO 14443A, the new UK transport standard ITSO version 2.1 and the Port Authority of New York & New Jersey’s Regional Interoperability Standards Limited Use fare card specifications. It enables production and deployment of contactless tickets compatible with existing ticket types in smart card-enabled public transportation systems.

Details

NOVA Buys Out the Rest of euroConex Technologies

Atlanta-based NOVA Information Systems has inked a deal to purchase the remaining 50% shareholding position of euroConex Technologies from Bank of Ireland. However, Bank of Ireland will maintain its card program sponsorship of euroConex for merchant acquiring for the continued growth and development of their merchant base. EuroConex will become a wholly-owned subsidiary of the European-owned affiliate of NOVA. EuroConex provides debit and credit card processing services to merchants, directly and through alliances with banking partners in the European market. In addition, euroConex provides a range of multi-currency solutions including “Dynamic Currency Conversion.” NOVA Information Systems is a wholly owned subsidiary of U.S. Bancorp and provides credit and debit card processing services, software applications, electronic check conversion, gift card solutions and other value-added services to more than 650,000 merchant locations in the USA and Europe.

Details

HID Provides Broad Range of Contactless Access Control Cards and Reader

HID this week demonstrated its full line of “iCLASS” 13.56 MHz read/write contactless smart card technology including its open and interoperable capability to read Mifare DESFire, Picopass, TI-RFid contactless smart cards. HID also demonstrated its proximity, combination magnetic stripe/proximity readers, OEM modules, multi-technology contactless smart cards and HID’s card custom card service used to create custom credentials in various form factors that can include anti-counterfeiting features for added card security. HID’s “bioCLASS” product family offers 13.56 MHz contactless smart card technology combined with an LCD keypad reader providing users with new options for supporting biometric capabilities and multi-identity authentication.

Details

OTI Lands $15MM in Investment Funding

On Track Innovations has entered into agreements under which it will obtain $15.1 million of new equity financing. OTI stated that the funds resulting from its sale of ordinary shares will be used to support large scale implementation of one or more new projects that OTI is about to undertake for its customers, and to enable OTI to increase its role in the delivery channel for the different projects and to support OTI’s strategic growth in other respects. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets.

Details

EMV Infrastructure Enhanced with Customer-Centric Features Pays Off

Welcome Real-time released a white paper which shows how an EMV infrastructure enhanced with customer-centric features and services can not only reduce fraud, it can also increase revenues and
market share. The “Profiting from Enhanced EMV” report says enhancing EMV can also reduce cardholder acquisition costs, boost market share of profitable customers, reduce the cost of operating a rewards program, and unlock the value hiding in their EMV investment. Welcome says nne bank was able to acquire 1 million new cardholders in 8 months, almost twice as many as anticipated, without substantially increasing their advertising and marketing budgets. The white paper is based on Welcome’s unique experience with banks migrating to EMV.

Details

Diners Club Expands Acceptance via MasterCard

Citigroup and MasterCard International this morning confirmed they are in talks to expand acceptance of “Diners Club” cards to MasterCard’s worldwide network. The deal is basically done, except for project timing, logistics, and other details of the implementation. The alliance would allow “Diners Club” cards that are issued in the USA and Canada to be reissued with the MasterCard brand on the front of the card in order to function as MasterCard cards worldwide. “Diners Club” cards issued by Diners Club International franchises (outside the USA and Canada) will include the MasterCard brand on the back of the card, allowing these cards to be accepted at MasterCard merchants in the U.S. and Canada and processed as MasterCard transactions. When these cards are used outside of the United States or Canada, they will continue to be accepted and processed by Diners Club as they are today. Diners Club says there are no changes to its products or programs planned at this time. In the USA and Canada, Citigroup offers the “Diners Club” charge card, the “Carte Blanche” charge card, and the “Montage” credit card via Diners Club. Worldwide, Diners Club is issued in more than 200 countries and 70 local currencies.

Details

Central Bank Deploys LogicaCMG’s RTGS

Banco Central de Chile has implemented LogicaCMG’s “Real-Time Gross Settlement System.” The system provides Chile with a modern payment infrastructure, which confers stability to and confidence in the national banking system by eliminating systemic risk and increasing operational efficiency, crucial for attracting inward investment. The “RTGS” infrastructure also enables Chile’s commercial banks to offer a wider range of banking services to their customers, which, in turn, provide them with the ability to optimize their funds and thus contribute to economic growth. The Chilean “RTGS” system officially went live on April 2nd and successfully processed payments worth over US$1 billion on its first day of operation. LogicaCMG’s RTGS systems around the world process more than 50 million payments annually with a combined value of over US$20 trillion.

Details

Sharp Microelectronics Introduces a Facial PIN

Sharp Microelectronics has taken smart cards and biometric technology to a new level with the introduction of a facial PIN. Combining OmniPerception face recognition technology on Sharp’s smart cards, produces the ability to verify an image of a person’s face against a facial PIN which is about 2,500 digits long from its analysis of the most distinctive features of a person’s face that is then carried on the smart card. This eliminates the need to search a central database and makes the system less intimidating to privacy-conscious users. The facial PIN number is then embedded in a smart card and used to verify that the card belongs to the person presenting it. A user would place his or her card in or near a reader and face a camera, which would take a photo and feed it to the card. The card would then compare the PIN it carried to information it derived from the new photo and either accept or reject the person as the rightful owner of the card. Using algorithms that create digital code from their analysis of faces is less computation allowing all the processing to happen on the card, instead of in an external computer, which results in nearly instantaneous identify verification. The OmniPerception face recognition technology is a patent pending technology that incorporates facial biometrics with digital images and which runs at the fastest two seconds or under on only the smallest platforms utilizing 6Kb of code.

Details

S&H Greenpoints Joins Points International’s Points Exchange

Points International announced that S&H greenpoints has joined “The Points Exchange” program. The S&H greenpoints rewards program is the digital reinvention of The Sperry & Hutchinson Company’s Green Stamps, which originated in 1896. The greenpoints program enables consumers to earn points on the things they buy every day at participating grocery stores, with service partners via the greenpoints.com shopping portal or through the S&H credit card. Under the agreement, Points.com members can exchange miles or points from airlines, hotels, and other retailers into greenpoints, gaining access to the company’s extensive rewards catalog that includes home goods, jewelry, electronics, and much more. S&H greenpoints can also be redeemed at participating grocery stores. In addition, members with accumulated greenpoints can trade their value on Points.com, which offers more than 3,600 exchange options with leading loyalty programs such as eBay Anything Points, American Airlines AAdvantage program, US Airways Dividend Miles, and Priority Club Rewards.

Details

USTT’s VendingMisers Takes-Off On-Campus

PA-based USA Technologies reports that more than 180 colleges and universities in 32 States, and more than 1,330 school districts in 31 States have installed it “VendingMisers” on campus vending machines. USA Technologies reported that EnergyMiser products had also been installed in various commercial machines in nearly 60 State and Federal buildings throughout the US. Military installations in the US and overseas were also equipping their vending machines base-wide with VendingMisers. USA Technologies is a leader in the networking of distributed assets, wireless non-cash and m-commerce transactions, associated financial/network services and interactive media technology and energy management.

Details

U.S. Bank Launches the Gymboree VISA Card

U.S. Bank and Gymboree have teamed to launch the first co-branded credit card offered by a children’s apparel retailer. The “Gymboree VISA Platinum Card,” enables customers to receive a five percent discount on merchandise purchased at domestic Gymboree retail locations and online. The new card will also provide cardholders with exclusive access to Gymboree events throughout the year, such as double discount days, sneak previews of new lines, and special promotions. In a unique twist on photo credit cards, cardholders will have the option to add a photograph of their child. In addition to the five percent discount, cardholders will also receive a $10 enrollment bonus for use at a Gymboree retail store or online. In addition, one percent of all card purchases made outside of a Gymboree store will be paid back annually in the form of a Gymboree gift card each November.

Details