The CO-OP Network announced this week the first installation of an ATM using the “iATMglobal” solution that enables customers to purchase movies tickets, flowers, pre-paid long distance and pre-paid wireless service through their local ATM. The “iATMglobal” solution, developed by NCR, uses an ATM’s dial-up or TCP/IP connection to allow consumers to securely purchase products and services through the ATM. The CO-OP Network has nearly 1,500 credit union members, more than 18,000 surcharge-free ATMs, 70 million monthly transactions, and 16 million cardholders.Details
Memphis-based American Merchant Data Services has signed a two year agreement with TN-based Bank of Bartlett which will add 50 new credit card merchants for AMDS within the first month. AMDS will be providing multiple services for the bank. These services will include the processing of, Prepaid Master Cards, Payroll Cards, Credit Card processing, Check Verification and Guarantee as well as Gift and Loyalty Card programs. AMDS is a “value added” independent sales organization engaged in the commercial electronic processing industry. AMDS manages their client’s electronic transactions, including debit, credit, check verification, and electronic benefits transactions prepaid Master Card, Gift and Loyalty.Details
Bank One and PayPal this morning announced that they have reached an agreement to their mutual satisfaction to dismiss the two lawsuits currently pending between the parties. On September 6, 2002, Bank One filed suit against PayPal in the U.S. District Court alleging patent infringement on a patent that covers a cardless Internet payment system for its customers. On September 29, 2003, PayPal filed suit against Bank One in U.S. District Court alleging patent infringement on its Internet payments processing patent issued in 1998. The specific terms of the agreement are confidential. (CF Library 10/3/03).Details
Misr International Bank, Banque du Caire, Commercial International Bank, and Credit Agricole have signed orders to purchase Diebold “Opteva” ATMs. The deals were struck at the “Raya World 2003” conference in Egypt. At the conference, a Diebold “Opteva” was connected to the National Bank of Egypt’s existing ATM network, allowing delegates to withdraw and deposit cash. “Opteva” ATMs provide enhanced maintenance options, such as the largest rear operator monitor in the industry with video and touch-screen capabilities, a full keyboard, and software that provides an easy-to-use maintenance interface.Details
Wincor Nixdorf will provide mobile POS solutions through an agreement with Ontario-based PowerCart Systems. Under terms of the alliance, Wincor Nixdorf will combine PowerCart’s mobile carts with “BEETLE” systems and peripherals, in order to deliver a self-contained, powered POS solution on a rolling cart that can be used anywhere in the store. The mobile “BEETLE” solutions give retailers the flexibility to configure checkout lanes whenever and wherever they’re needed. Wincor Nixdorf is the world’s third-largest provider of POS systems and ATMs. PowerCart is the first company to dedicate its business to providing battery-equipped mobile workstation solutions.Details
NCR has received the 2003 “Outie” award from San Francisco-based Out & Equal Workplace Advocates and a perfect score on the Human Rights Campaign’s “Corporate Equality Index”. NCR was singled out as a leading LGBT employer based on its domestic partner benefits program and commitment to respect and equality for all sexual orientations and gender identities in the company’s shared values statement. NCR Corporation is a leading global technology company helping businesses build stronger relationships with their customers. NCR’s ATMs, retail systems, Teradata data warehouses and IT services provide Relationship Technology solutions that maximize the value of customer interactions.Details
Citigroup reported this morning that profits for its credit card business in North America increased 13% in the third quarter to $819 million. Credit card outstandings for North America increased 3% over 3Q/02 to $117.4 billion, including $6.3 billion in receivables associated with the Home Depot portfolio. However, charge volume dipped slightly as 3Q/03 volume was $62.3 billion compared to $62.4 billion one year ago. Citi’s account base at the end of third quarter was 97.7 million accounts, a 10% gain over 3Q/02. Citi’s charge-offs decreased from 6.23% in the second quarter to 5.77% for 3Q/03. Delinquency (90+ days) also declined from 1.86% for 2Q/03 to 1.82% for the third quarter 2003. For complete details on Citigroup’s 3Q/03 performance visit CardData ([www.carddata.com]).
A new survey of 55,000 Canadians has found that 86% of adults have a credit card, 68% have Internet access at home with half having high speed access, and that 19% of Canadians are members of an airline frequent flyer club. The “RTS” survey by BBM Canada is one of the most comprehensive national studies of media and product usage ever undertaken.
Among other findings: 34% of Canadian teens have a cell phone; 8% of Canadians spent money on funeral services in the past three years; and, 49% of Canadian drivers drive a vehicle that was bought new, 40% drive a vehicle bought used, the other 10% drive a leased vehicle.
eBay and PayPal have launched gift certificates in denominations of $5 to $200. Choosing the perfect gift is no easy task, and unwanted gifts abound every holiday season. eBay, The World’s Online Marketplace, presents gift certificate recipients with a most extraordinary range of gift options. With more than 16 million items for sale daily, in more than 35,000 product categories available worldwide, eBay is where consumers can find virtually every gift imaginable. Each certificate can be sent via email, or printed and hand delivered. eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. PayPal, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online.Details
The United States District Court for the Eastern District of New York has given preliminary approval in regard to a worldwide class action settlement over money transfers outside the USA. The proposed settlement affects users of Western Union, Orlandi Valuta, or Tex Mex money transfer services who sent money electronically. The Court has set February 9, 2004 as the deadline for members of the Class to comment on, object to, or opt out of the settlement. A Court hearing to determine the fairness of the settlement has been scheduled for April 9,2004.Details
Since re-opening the “National Do Not Call Registry” one week ago, the Federal Trade Commission reports it has received more than 15,000 complaints from consumers against telemarketers. The number of registered telephone numbers has also jumped from 50 million to nearly 54 million within six days. As of October 15th, nearly 21,000 telemarketing organizations have accessed the registry.Details
eFunds confirmed this morning it has signed a definitive agreement to acquire the assets of Toronto-based Oasis Technology for $28 million in cash. Oasis, founded in 1989, is a provider of software to enable u-payments through an open platform. The company has 150 clients in 75 countries. The combined organization will now serve more than 200 software customers in over 80 countries around the world. eFunds says the deal will enable it to make an immediate entry into new markets with an open solution platform, expanding its domestic and international customer base. The acquisition is expected to close by the end of this year.Details