AT&T Powers PSCU Financial Services

AT&T announced a contract with PSCU Financial Services to provide communications equipment and services to enhance the reach and reliability of the CUSO’s network services. The new contract with AT&T establishes an Ethernet private line between PSCU’s St. Petersburg headquarters and the company’s Phoenix-area data center. This communications link facilitates data replication for business-critical information between St. Petersburg and Phoenix. The instantaneous mirroring of data across the network further establishes needed redundancy to secure company information and maintain active lines of communication. PSCU Financial Services serves more than 1,100 financial institutions nationwide and is owned by more than 500 member credit unions representing over 11 million cardholder accounts and more than 500,000 online bill payment subscribers

TICKET TEXT

Ticket Text mobile technology will be selling admission for Fulham
Football Club’s home games the 2007/08 season through its website
for mobile phone SMS distribution. With the company’s “mobile ticketing”,
customers receive the Fulham ticket in the form of a text message which is
then scanned at the ticket gate for event admittance. Ticket Text is based
in Ireland with a dynamic approach to ticketing and provides customers
with tickets for concerts, sport, theaters, galleries and exhibitions
throughout
Europe. Fulham FC was founded in 1879 and is the oldest professional
football team in London.

PSCU PayLynx Tops 500K Monthly Subscribers

FL-based PSCU Financial Services has topped 500,000 subscribers and 2.6 million bill payments per month for its “PayLynx” online bill payment service. PayLynx also boasts a greater percentage of active subscribers and higher rates of acceptance for electronic bill payment by billers than other providers of the CheckFree service. It is also launching online bill payment for small businesses in January. The cooperative was the first to offer “FraudNet”, a bill payment fraud detection and prevention tool and has developed innovative marketing materials that includes an online video designed to build consumer acceptance.

INFOCOMMUNICATION UNION COUNCIL

The Infocommunication Union Council has announced a project to develop
a mobile payments project to allow payment over mobile communication
networks. This comes with the approval of the Universal payment concept to
pay for goods and services using the existing and advanced communication
network providing the testing of micro- and macro payments and NFC
technology. The project is being developed with mobile operators such as
VimpelCom, Delta Telecom, MegaFon, MTS and Moscow Cellular
Communication, Svyaz-Bank and the bank Tavrichesky and Mobile Payment
Systems to provide RF citizen access to modern payment services.

SIM NFC TRIAL

Gemalto & Far EasTone Telecommunications have partnered for the
launch of their mobile contactless SIM-based NFC trial in November.
This will allow subscribers of Far EasTone to make purchases using
their mobile handsets with any of the company’s merchant partners. This
trial is being launched in conjunction with a trial for “smart posters”,
which
promote and allow shoppers to download coupons by waiving their NFC
phone in front of the poster promotion for a discount application at the
time of purchase. Commercial rollout for the solution will not be until
2008 and will gradually be introduced, initially, by 7-Eleven, Shin Kong
Mitsukoshi department store, vending machines from HeySong and rail
transport operated by Kaohsiung Rapid Transit Corporation. Gemalto
had 2006 annual revenues of EUR 1.7 billion with over 85 offices in 40
countries and nearly 10,000 employees while Far EasTone
Telecommunications is a wireless service provider in Taiwan.

MASTERCARD & SEPA

MasterCard has designed a SEPA Development Program for banks and retailers
currently implementing the Europe-wide payment program. For these
establishments,
the MasterCard Development Program will leverage the benefits of local
programs
and provide new solutions. MasterCard Europe has identified 149 card
features in
separate countries to provide the SEPA solution cost effectively, on a
microeconomic
level. These “best in class” categories include, for example, the
easiest â˜PIN change at
ATM’, the most convenient ‘mobile phone top-up’, and the most secure â˜mail
order/telephone order’solutions. In doing so, however, MasterCard
maintains the
overall SEPA features, including the electronic purse. “E-purse”
Migration through
MasterCard PayPass provides globally inter-operative payment solutions,
regardless
of the card currency. Additionally, MasterCard Europe’s “combo card” has
been
introduced with 5 banks in Finland. The “combo card” will serve as a
multi-function
payment card to combine debit and credit accounts, determined at the
time of
purchase by the cardholder. MasterCard Europe works with 51 European
countries
for the incorporation of (SEPA) and is a division of Mastercard.
MasterCard processes
over 16 billion transactions annually and serves consumers and
businesses in more than
210 countries and territories.

MASTERCARD & SEPA

MasterCard has designed a SEPA Development Program for banks and retailers
currently implementing the Europe-wide payment program. For these
establishments,
the MasterCard Development Program will leverage the benefits of local
programs
and provide new solutions. MasterCard Europe has identified 149 card
features in
separate countries to provide the SEPA solution cost effectively, on a
microeconomic
level. These “best in class” categories include, for example, the
easiest ‘PIN change at
ATM’, the most convenient ‘mobile phone top-up’, and the most secure mail
order/telephone order-solutions. In doing so, however, MasterCard
maintains the
overall SEPA features, including the electronic purse. “E-purse”
Migration through
MasterCard PayPass provides globally inter-operative payment solutions,
regardless
of the card currency. Additionally, MasterCard Europe’s “combo card” has
been
introduced to 5 banks in Finland. The “combo card” will serve as a
multi-function
payment card to combine debit and credit accounts, determined at the
time of
purchase by the cardholder. MasterCard Europe works with 51 European
countries
for the incorporation of (SEPA) and is a division of Mastercard.
MasterCard processes
over 16 billion transactions annually and serves consumers and
businesses in more than
210 countries and territories.

CITIBANK WORLD PRIVILEGES

Citibank has introduced the “Citibank World Privileges on Mobile” which
informs customers of relevant discount offers from 40,000 merchants in over
40 countries. The service informs consumers of discounts available in
shopping, dining, travel, and hotels and is only compatible with mobile
phones
that have GPRS, EDGE or 3G, are “Java software Mobile Information Device
Profile” (MIDP) compliant. The requisite phone must also have a minimum of
700kb of available phone memory. Citibank has a 20% market share in the
region and over a million credit cardholders with nearly a 90% brand
awareness
in Malaysia. The new service is available through over 1,000 merchants in
Malaysia and is expected to attract 100,000 users over the next two
years. Citi
currently has more than 145 million cards in 40 countries.

PSCU Selects GIS Platform for B2B

PSCU Financial Services has acquired Gentran Integration Suite (GIS) to become its business-to-business platform. The solution gives PSCU the ability to automatically handle a variety of multiple management credit and bill payment services in a variety of file formats and protocols on one centralized platform. GIS will also enable PSCU to optimize its data-transfer processes and improve service to the credit union community. GIS enables companies to extend processes to their customers, partners and suppliers while maximizing existing and future IT systems and technologies. PSCU Financial Services was formed by credit unions to provide products and services to credit unions.

CUSO PSCU Renews FDC Processing Contract

First Data has extended a long-term contract with PSCU Financial Services Under the agreement, First Data will provide an extensive suite of credit and debit products to PSCU Financial Services and its member-owners, including debit and credit processing, ATM driving, fraud prevention services, plastics and statement production, data analytics and PIN-secured debit access via the STAR Network. First Data has provided credit and debit card processing for PSCU since 1989. As a cooperative, PSCU Financial Services supports 1,100 financial institutions and is owned by 500+ member credit unions representing over 11 million cardholder account. First Data is a provider of electronic commerce and payment solutions for businesses worldwide.

Citi Gives Intl Executives Mobile Credit

Citi has launched an innovative new program to provide international executives with mobile credit. The new “Global Executive Banking” program will use cross border client credit references to provide credit cards to executives upon arrival in the destination country. Citi says it is an industry first. The program was launched in the U.S., the U.K. and Singapore, but will expand to additional countries throughout the year. Clients will work with dedicated staff who manage their finances and provide access to banking products, funds transfers, credit cards and personal loans for clients on, or as near as possible to, arrival, while complying with local regulations and privacy laws.

GSMA Launches a Pay-Buy Mobile Initiative

GSM Association (GSMA), the global trade organization for mobile
operators, has announced a pay-by-phone initiative by combining payment
card technology with Near-Field-Communication(NFC) in a cell phone.
Participating in the initiative are fourteen mobile operators with the
collective intention of facilitating payments through cell phones and
offering secure, transparent mobile payments for both customers and
financial institutions. These payments are to be made using a SIM
Universal Integrated Circuit Card (UICC) card in mobile phones plus
contactless/NFC technology.