MasterCard posted a 3Q/11 net income of $717 million up 42.9% from the year ago period and a net revenue of $1.8 billion for a 27.3% increase versus the same period in 2010. These increases were subsequent to an 18.1% increase in gross dollar volume on a local currency basis to $844 billion; an increase…
Consumer confidence on the Discover U.S. Spending Monitor was up 2 points to 79.0% in October thanks to improving personal finances, as fewer felt the economy and their finances getting worse. This is the first positive movement seen on the Confidence Index since January as 14% of consumers felt economic conditions were getting better while…
Visa expanded its “SavingsEdge” program for automatic discounts on qualifying small business expenses, which now includes more than 1,600 financial institutions and 39 participating merchants and is now available to 24 million eligible small business account holders in the U.S. Participation in the program is free for Visa small business account holders. Visa “SavingsEdge” automatically processes discounts on small businesses’ qualifying purchases in the form of a statement credit, and provides program performance reporting for merchants. The program provides financial institutions and participating merchants an opportunity to create stronger relationships with their customers.
J.P. Morgan’s Commercial Card Solutions unit has recognized a number of its clients for industry leadership. Among the clients to receive its 2011 J.P. Morgan “Commercial Card Awards,” include the 2011 Lifetime Achievement Award to Marriott International; the 2011 Commercial Card Best Practices Award went to P.F. Chang’s; the 2011 Commercial Card Expansion Award went to ING Insurance U.S. ; the 2011 Commercial Card Strategic Partnership Award went to Zep Inc; and the 2011 Order-to-Pay Expertise Award went to Coca-Cola Refreshments (CCR) for improving both the effectiveness and efficiency of its overall payables processes.
Global Cash Access inked agreements to acquire the assets of MCA Processing, a provider of ATM, debit card, and credit card cash access services to gaming establishments and also manufactures, sells, licenses and services redemption kiosk devices. The acquired assets include MCA’s portfolio of cash access and redemption kiosk maintenance contracts, including cash access service contracts with Caesars Entertainment for its Nevada, Atlantic City and certain Pennsylvania properties.
DataMotion email encryption and workflow solutions announced its SecureMail technology is now available for state and local government agencies that need to exchange, track and report sensitive information quickly and securely with other agencies, municipalities and private citizens. The agency turned to DataMotion SecureMail to enable secure electronic delivery of the reports, significantly reducing the cost of production. The cost-effective service works with legacy systems to protect messages sent between state and local government agencies, affiliated organizations and their citizens.
CashStar digital gifting and incentives has added mobile web Gift Card purchasing to its powerful digital gifting platform. Optimizing the e-gifting experience for mobile devices, this new functionality makes eGift Card purchasing quick and easy on most smartphones. This capability enables retailers to tap into incremental eGift Card sales from the fast-growing mobile shopper market. By extending its existing eGift Card capabilities to smartphones, CashStar now provides consumers with a simplified mobile gifting experience anywhere, anytime.
Diebold is introducing a re-engineered bezel and the “Opteva BezelSentry Service” to prevent and detect skimming activity. Its re-engineered “Opteva ATM” hardware supports anti-skimming efforts with its bezel, incorporating geometric fascia alterations, making it more difficult for perpetrators to attach a skimmer to its surface and is designed to eliminate the market inventory of card skimmers. It features a removal switch that will send an alarm to the alarm system notifying the financial institution of any attempt to remove the bezel. Also, “Opteva” offers interchangeable bezel service, delivering pre-scheduled or emergency bezel changes to an individual ATM or an entire fleet.
A-lign has achieved “Qualified Security Assessor” status, having met the rigorous requirements of the PCI SSC which included demonstrating that their professionals have the skills and experience to conduct assessments to validate companies’ compliance with the PCI Data Security Standards (“PCI DSS”). As a QSA Company, A-lign extends its capabilities to assist clients with their information security and compliance needs. A-lign Security and Compliance Services (ASCS) is a professional services company and registered QSA company, focused on clients’ information security and compliance needs, such as PCI standards.
Ceridian Stored Value Solutions highlights optimistic expectations for gift card sales throughout the upcoming winter holidays. The SVS’ sales portfolio reflects sustained growth for the first three quarters of the year, with the number of first time card loads up 13 percent, and dollar value of first time card loads up over 17 percent, for January 1 – October 30, 2011 v. 2010. Retail buying patterns illustrate shoppers continuing to flock to gift cards for their flexibility, while businesses embrace them as a means to increase sales. Specifically, 60% say Gift Cards are the #1 item they plan to give this year; Consumers spend 80-90% more than the face value of gift cards; and 15% of U.S. corporations have annual Incentive Gift Card budgets of more than $100K
East Carolina Bank is securing its ACH, wire transfers and online banking offerings with the IronKey “Trusted Access” portable USB form factor as a downloadable software application. IronKey allows the bank to meet and exceed new Federal Financial Institutions Examinations Council (FFIEC) guidance to reduce the risk of online banking fraud. The “Trusted Access” solution assures customers they are accessing an authentic site and that their transactions are not being monitored or tampered with by criminals. It also meets NACHA and FBI recommendations for safe online banking by providing a dedicated, isolated and secure browser environment.