TeleCheck Service has enhanced its TeleCheck Internet Check Acceptance service by adding registration technology through its acquisition of ACHEX. The TeleCheck ICA service uses the ACH to access consumers’ checking accounts. The first time a consumer pays by check with the enhanced ICA service, they complete a brief registration form and TeleCheck utilizes its in-house databases to verify the consumer’s identity. The consumer’s personal information is stored off-line throughout the transaction process in TeleCheck’s bank-like security environment.Details
USA Technologies said this week the number of Kodak vending machines using its e-Port card payment technology is approaching 400 nationwide. Recent installations of Kodak vending machines have been made in Yankee Stadium, New York’s Times Square and Santa Monica Pier. Kodak Vending Machines are planned for deployment in locations such as the Pro Football Hall of Fame, many baseball stadiums, Miami Seaquarium, and the Chicago Museum of Science. The next installations out of a pending 100 include Six Flags America, the Las Vegas Thomas & Mack Convention Center, and the Memphis Zoo.Details
FL-based Global Axcess Corporation announced the addition of Donald Headlund to the Board of Directors. Headlund is currently President of Cardservice International, joining the firm in July 1991. Shortly thereafter he was named CFO and became President in May 2000. Global Axcess is a full service leasing, asset management and proprietary software company in the ATM business.Details
The UAE General Postal Authority has signed a contract with Western Union Financial Services to offer money transfer services in 15 pilot locations. Western Union has 169 agent locations in the UAE and more than 6,100 agent locations in the Middle East & South Asia region. The UAE General Postal Authority and Western Union anticipate expanding locations from 15 to 70 locations early next year.
Western Union currently has agreements with nearly 70 postal organizations, including India Post, China Post, La Poste in France and Deutsche Post in Germany.
San Mateo, CA-based WageWorks has partnered with the San Francisco Bay Area TransLink program, a smart transit card program currently being tested. WageWorks provides an online system for employees to take advantage of the TransLink smart card, by enrolling in their employer-provided WageWorks CommuteEssentials program. Under the WageWorks program, an employee can determine how much money they want to add onto the TransLink card each month.Details
Vilnius-based Neurotechnologija has released a complete biometric fingerprint solution for embedded devices that can match 500 fingerprints per second, one of the fastest EDK systems on the market.
FingerCell EDK can be used for both verification (1:1 matching) and identification (1:N). FingerCellÂs algorithms are custom set for the EDKÂs hardware, enabling enrollment times of less than one second; the software also provides a False Rejection Rate (FRR) of 3% and False Acceptance Rate (FAR) of 0.001%. FingerCell code is extremely compact, requiring only 512 KB of memory. The software is compatible with both the AuthenTec FingerLoc AF-S2 and AuthenTec EntrePad AES4000 sensors, or can be read from fingerprints from TIF and BMP format image files.
GA-based CoreCard Software, Inc., a PaySys spin-off, has hired former PaySys executives for senior management. Dan Stavros will oversee product management and professional services for CoreISSUE, the company’s real-time, multi-lingual/multi-currency payment management and transaction processing system for issuers of physical and virtual consumer and commercial card products. John Gorman will spearhead CoreCard’s global sales efforts. CoreCard is funded by Intelligent Systems Corporation.Details
The Italian Government has ordered optical memory card encoding units for its national ID card program from Drexler Technology. Thirty-nine of the “Crypto 1” encoders, manufactured by LaserCard Systems Corporation, will be configured into a card initialization system and a card authorization system capable of encoding up to 40,000 cards per day. The new Italian national ID card, known as the “CIE” card (Carta d’Identita Elettronica), is based on the highly secure LaserCard optical memory card manufactured by Drexler Technology, which previously sold 200,000 of the cards to Italy for this purpose. The “Crypto 1” order was placed by LC Sistemia, S.p.A., of Rome, the authorized VAR of Drexler Technology optical memory card products in Italy.Details
MN-based Ceridian has signed San Diego-based Washington Inventory Service for employee eCash services. Ceridian will provide the services to more than 10,000 Washington Inventory Service employees across 150 offices. Employees who don’t have a home bank, need only visit a Cirrus ATM or Maestro POS terminal to access their paycheck funds through Ceridian’s eCash services. Ceridian eCash is supported by infrastructure from Comdata Corporation.Details
Brokerage Edward Jones has inked a co-branded credit card deal with MBNA. The Edward Jones Platinum Plus credit card will offer credit limits up to $100,000 and competitive promotional interest rates on cash advances and balance transfers. Edward Jones currently has more than 8,000 offices in the United States and, through its affiliates, in Canada and the United Kingdom.Details
Ketchum was awarded five Silver Anvils from the Public Relations Society of America’s for work done during 2001. Ketchum also received five Awards of Excellence. One of the Silver Anvil awards was for work done for Equifax on “‘Demystifying Credit Scores’ – Launch of FICO Score to Consumers.” One of Awards of Excellence involved the VISA project “Banking on the ‘Unbanked’ World Visa USA.” Ketchum’s has won 73 awards since the annual competition began 53 years ago.Details
British Airways has asked the District Court in New York to determine if it breached its contract with American Express. AmEx reportedly threatened to end its relationship with British Airways over a dispute in regard to discounted ticket payments. The beleaguered airline then filed suit to stop the AmEx action. British newspapers said two weeks ago BA stopped paying fees on corporate card transactions involving discounted fares in the UK to save cash. AmEx declared a breach of its merchant contract with BA and threatened to pull the plug on the entire BA account with thirty days. The newspapers suggested BA is looking to pay a flat minimum fee instead of a percentage for each airline ticket purchased. BA has been offering deeply discounted tickets to UK corporate travelers. Reportedly, more than 70% of major British companies use corporate AmEx cards for travel expenditures. In the interim, British Airways continues to accept all American Express cards as payment for all published fares.Details