ReD & Direct Response Forum

NJ-based Retail Decisions has been appointed as an Advisor to the Conference Committee of the Direct Response Forum. The DRF is a not-for-profit organization, formed in 1990 by a group of direct marketers interested in developing and maintaining communications and relations between direct marketing companies and the credit card associations. Since its inception, the DRF has provided members with a unique, open forum for networking and education in all aspects of payment acceptance and processing and industry best practices.

Details

MBNA Aeroplan

Air Canada’s Aeroplan and MBNA have launched the new “Air Canada Aeroplan Platinum Plus MasterCard.” The program enables Aeroplan members, resident in the USA, to accumulate one “Aeroplan Mile” for every dollar spent on eligible purchases. There are 400,000 Aeroplan members in the USA. New cardholders will receive 5,000 bonus miles after using the card for the first time. They will also get two, free “Maple Leaf Lounges” passes. In addition, cardholders will receive a certificate to allow them to get a second airline ticket free when buying a ticket on any Air Canada flight in one of the eligible booking classes, for travel originating in the USA. Since its inception in 1984, Aeroplan has generated more than six million members in over 200 countries and has signed over 90 partnerships. In January 2002, “Aeroplan” became a wholly-owned subsidiary of Air Canada. Since then Air Canada recently agreed to let Onex Corporation acquire a 35% equity interest in Aeroplan for $245 million. (CF Library 1/28/03).

Details

TRINTECH 4Q/02

Trintech Group reported revenue for the quarter ending January 31st of
$10.5 million, compared with $15.5 million for the same period on year ago,
a decrease of 32%. Revenue for the fiscal year was $42.9 million, down 37%
from $68.3 million in the prior fiscal year. Fourth quarter software
license revenue remained flat at $5.7 million compared to the third quarter
of fiscal 2003, and decreased 5% from license revenue of $6 million for the
corresponding quarter last year. Fourth quarter product revenue was $2.7
million, a decrease of 61% from product revenues of $6.9 million for the
corresponding quarter last year. Fourth quarter service revenue decreased
by 19% from $2.6 million for the fourth quarter last year to $2.1 million
for the fourth quarter ended January 31, 2003. The company says it has
adjusted its cost base as pro forma operating expenses declined
sequentially by 10% this quarter. Trintech says it is on track for pro
forma profitability in the near term.

Details

Advance-Fee Cards

The FTC has obtained a preliminary injunction against an international telemarketing network that offered advance-fee credit card packages. The alleged network enabled fraudulent sellers in the USA to hide behind bogus Canadian front men as they telemarketed illegally through boiler rooms running from the Caribbean, United States, Canada and India. The ring was allegedly run by Kyle Kimoto, president of UT-based Assail, Inc. The firms involved include NV-based Summit Communications International/Advantage Capital; FL-based Capital First Benefits; ID-based Premier One Benefits; UT-based Infinium; UT-based Market-Reps.com; and TX-based Specialty Outsourcing Solutions.

Details

ANZ Card Error

Australia and New Zealand Banking Group Ltd. says it made a A$27 million error in regard to payments made to Qantas Airlines for air miles distributed via co-branded VISA cards. ANZ said it recently discovered it was using an incorrect method of accounting for the treatment of frequent flier loyalty points it has purchased from Qantas. Since 1999, points for the “Qantas ANZ Business One Card” and bonus points for international expenditure on the Qantas ANZ Card have been under-accrued. The associated one-off charge will reduce the after tax profit of ANZ’s consumer finance unit by a one-off charge of $27 million in the first half of 2003. As a result, ANZ has made management changes in the cards issuing area and increased financial controls within the business, according to The RAM Report ([www.ramreport.com][1]).

[1]: http://www.ramreport.com

Details

Target VISA & School Libraries

Target donated $200,000 to school libraries as a result of its “Library of Books” contest conducted for “Target VISA” cardholders. Target guests who made purchases with their Target Visa Card were automatically entered in the Library of Books contest. The winning guests, selected at random, won a $200 Target gift card and selected a school of their choice to receive a $10,000 gift for its library.

Details

AEROPLAN MASTERCARD

Air Canada’s Aeroplan and MBNA have launched the new “Air Canada Aeroplan
Platinum Plus MasterCard.” The program enables Aeroplan members, resident
in the U.S., to accumulate one “Aeroplan Mile” for
every dollar spent on eligible purchases. There are 400,000 Aeroplan
members in the USA. New cardholders will receive 5,000 bonus miles after
using the card for the first time. They will also get two, free “Maple Leaf
Lounges” passes. In addition, cardholders will receive a certificate to
allow them to get a second airline ticket free when buying a ticket on any
Air Canada flight in one of the eligible booking classes, for travel
originating in the U.S. Since its inception in 1984, Aeroplan has
generated more than six million members in over 200 countries and has
signed over 90 partnerships with airline, hotel, car rental, financial,
telecommunication, retail, services and entertainment partners.

Details

7-Eleven Micro Card

7-Eleven and Alliance Data Systems have launched the new “7-Eleven Convenience Card,” which includes a smaller keychain version. Available at participating 7-Eleven stores, the card may be loaded with any cash-value amount between $5 and $500. To reward card-users, any customer who loads or reloads a card with at least $25 will receive a free 16-ounce cup of 7-Eleven coffee, 22-ounce “Slurpee” or 32-ounce “Big Gulp” fountain drink. The new re-loadable stored-value card will feature collectible graphics. The designs will feature “Slurpee,” coffee, gasoline and a 7-Eleven logo card. New designs will be introduced throughout the year including holographic images and cards featuring X-treme sports. The card may be re-loaded online or by calling a toll-free number using a credit card. Customers may also register their card on the 7-Eleven Website to protect against a lost or stolen card. Customers may also check their “Convenience Card” balance at any store, online or by calling a toll-free number. 7-Eleven does not charge any transaction fees for loading or reloading the cards. If a card is inactive for 12 months, a $2 per month service fee will be assessed until the card is used again. (CF Library 2/3/03)

Details

Ethan Allen Card

Furniture king Ethan Allen has launched the “Ethan Allen Finance Plus Card.” The card, issued by GE’s Monogram Credit Card Bank of Georgia, offers customers at the POS the option to make payments under an installment plan or a revolving credit card plan. The “Simple Finance Plan” offers fixed monthly payments, ranging from 12 to 60 months. The installment plan requires a $2,000 minimum purchase. The new card also offers special-offer financing promotions when offered. Interest rates start at 9.99%. Ethan Allen operates an exclusive network of more than 300 stores in the United States, Canada, and Mexico, and there are 19 overseas. Currently, MCCBG supports a portfolio of more than 60 clients with merchants in over 60,000 locations, including: Ford, Sony, PC Richard & Son, Tweeter, Ultimate Electronics, Suzuki, Brandsmart USA, H.H. Gregg Electronics, Whitehall Jewelers, Shaw Industries and Mohawk Industries. Last year, GE bought out Bank One’s share of the Monogram Credit Services. (CF Library 6/7/02).

Details

Cardtronics & Genpass

Houston-based Cardtronics has signed its first long-term agreement with Genpass Service Solutions to provide service and maintenance for 1,150 Cardtronics ATM machines located at ExxonMobil Corporation retail outlets and Winn-Dixie Stores locations. For Cardtronics, this marks their first time to work with Genpass, Inc., one of the top five ATM drivers in the U.S., and owner and operator of the MoneyMaker and MONEY BELT(R) EFT Networks.

Details