Enacomm, Inc. announced the hire of seasoned marketing expert David Anderson, who will serve as Vice President and Chief Marketing Officer. Anderson will fuel Enacomm’s continued, industry-leading innovation in the financial and prepaid industries, driving the creation and launch of new products and intelligent analytics that give companies a proactive advantage in exceeding customer expectations. David also worked with a host of financial institutions, ranging from community and mid-sized banks to national banks, investment houses and card companies. Anderson joins Enacomm’s team of subject-matter experts that has been focused on the financial industry for more than two decades and the prepaid space since 2005.
eLayaway layaway payment processor has added its initial two board members. Joining the Advisory Board as its first two members will be Larry Witherspoon, formerly the CEO of Tickets.com, and Jim Anderson, Founder of About.com. As part of the eLayaway Advisory Board, Larry Witherspoon will provide expertise in Operations and Information technology. Jim Anderson brings expertise in Development, Branding and Internet Technology to benefit the Company’s continued success and future growth toward becoming a household name among consumers and merchants alike. Prior to joining eLayaway as CEO of Tickets.com, Witherspoon was responsible for the execution of the company’s overall direction and strategic plan. Anderson is a leader in mobile solutions utilizing VoIP over Satellite, Secure SMS/MMS Messaging, Secure Mobile Commerce and Artificial Intelligence, Machine Learning Technologies, Social Networking and Software and Systems Architecture.
Pipeline Data has tapped Chris Anderson, previously with CheckFree, as its EVP/CFP. Anderson will be responsible
for all of the companyâs financial and administrative operations,
including Finance, Accounting, Treasury, Tax, Human Resources, and
Investor Relations. While with CheckFree he was an integral part of
the Executive Management Team for the Software Division, during
which time the division experienced a period of unprecedented
international expansion, and revenue and margin growth. Before joining
CheckFree/Fiserv in 2005, Anderson served seven years as Chief Financial
Officer for London Bridge Group of North America, Inc., a global
software company which later was acquired by Fair Isaac Corporation.
Anderson is a Summa Cum Laude graduate in Managerial Economics
from the University of California and is a Certified Public Accountant.
Retail management solution provider Tomax has rolled out the “Retail.net solution” at Pamida. Pamida, a regional retailer operating more
than 200 stores in 17 states in the Midwest United States.
Pamida uses Retail.net “Merchandise Management”, “Store Operations” and
“Customer Management” to centralize applications and data, which
facilitate real-time transaction management and information collection. The Tomax Retail.net suite helps
retailers integrate people and processes and providing timely, relevant,
actionable information to improve retail results. The Tomax customer base
includes over 100 branded retailers including Air Terminal Gifts, The
Andersons, ALCO Stores, Coach House Gifts, EZ Lube, Kelly-Moore Paints,
Pamida, Party City, Raley’s Supermarkets, ShopRite, Snyders Drug Stores,
Sportsman’s Warehouse, Trader Joe’s, Travel Traders, Winn Dixie, and 24
A credit card belonging to the campaign of Arizona Republican Rep. John
Shadegg was found at a Democratic Party office over the weekend. The
Arizona Republic and the Associated Press reports that Ryan Anderson, a
Shadegg campaign volunteer, was running errands Sunday when he noticed
the Democratic office in Tempe and went inside in hopes of getting a
Barack Obama sticker for his collection of political memorabilia. He
said he must have dropped the credit card when he pulled dollar bills
out of a pocket to pay for the sticker. However, the Arizona Democratic
Party has publicly demanded an explanation from Shadegg’s campaign, and
that it return anything taken from the office.
Shadegg is locked in a heated battle against Democratic challenger Bob
Lord in Arizona’s 3rd Congressional District.
E-payment provider Pay Linx has hired Jason Anderson as VP of Compliance, Security and Director System Operations. In
this role he will be actively involved in a number of initiatives as Pay Linx internalizes and enhances key applications to support its long term growth. He served most recently as Director of Engineering
Services with a leading provider of cryptographic solutions, where he managed the roadmap of new projects and technologies in the financial payment security industry. He has overseen the successful development of a number of devices designed to enhance the security of PIN-based transactions. Pay Linx, which is 22% owned by Royal Bank of Canada,
provides services to RBC for Canadian governments through QuickLinx
replacing cheque and voucher payments.
VISA’s contactless technology continues to gain traction in the U.S. and internationally with 41 issuers in 11 countries, including seven of the top ten VISA issuers in the USA. “VISA payWave” has been applied to credit, debit, prepaid cards and is now being tested with mobile phones. Wells Fargo is currently testing “VISA payWave” on the mobile platform, using contactless and NFC for payment and mobile couponing technologies. SC-based First Citizen Bank and Barclays started to issue “VISA payWave” cards in August bringing the total number of “VISA payWave” issuers in the U.S. to thirteen. National merchants already accepting “VISA payWave” in the U.S. include BP, 7 Eleven, CVS Pharmacy, McDonalds, Taco Bell, and Jack in the Box. National merchants in the process of upgrading POS terminals to “payWave” include Einstein Noah Restaurant Group, BJ’s Wholesale Club, Circle K, Office Depot, and PETCO. In Europe, HSBC Bank, HBOS, Lloyds TSB, RBS and Barclays have been acquiring “VISA payWave” merchants in London and began issuing the new cards this month. This week VISA announced the launch of a landmark mobile payment trial with Chunghwa Telecom and Chinatrust Commercial Bank in Taiwan.
GE reported that revenues for its Consumer Finance unit, now known as GE Money, climbed 17% in the second quarter to $6.1 billion. However, profits grew by 8% to $952 million, compared to one-year ago. despite a loss at its U.S. mortgage business, WMC. GE made the decision to exit this business and substantially reduced its exposure by selling $3.7 billion of WMC loans in the quarter. During the second quarter, GE Money has signed a deal to be the exclusive issuer of the “Lowe’s Platinum VISA” credit card and to continue providing private label and co-branded credit programs for Lowe’s Companies; Ohio-based The Andersons retail stores and GE Money have signed an agreement to extend its 10 year relationship with the “Andersons Credit Card” consumer financing program; GE Money and eBay announced plans to launch an “eBay MasterCard” in June; and the new Wal-Mart “MoneyCard” is being launched nationally with GE Money. For complete details on GE’s second quarter performance, visit CardData ([www.carddata.com]). (CF Library 5/2/07; 5/22/07; 6/15/07; 6/20/07)
GE CONSUMER FINANCIAL TRACK RECORD
2Q/06: $880 million $5268 million
3Q/06: $916 million $5590 million
4Q/06: $875 million $5811 million
1Q/07: $851 million $5807 million
2Q/07: $952 million $6145 million
Source: CardData (www.carddata.com)
GE reported that revenues for its Consumer Finance unit, now known as GE Money, climbed 17% in the second quarter to $6.1 billion. However, profits grew by 8% to $952 million, compared to one-year ago, despite a loss at its U.S. mortgage business, WMC. GE made the decision to exit this business and substantially reduced its exposure by selling $3.7 billion of WMC loans in the quarter. During the second quarter,
GE Money has signed a deal to be the exclusive issuer of the “Lowe’s Platinum VISA” credit card and to continue providing private label and co-branded credit programs for Lowe’s Companies; Ohio-based The Andersons retail stores and GE Money have signed an agreement to extend its 10 year relationship with the “Andersons Credit Card” consumer financing program; GE Money and eBay announced plans to launch an “eBay MasterCard” in June; and the new Wal-Mart “MoneyCard” is being launched nationally with GE Money. For complete details on GE’s second quarter performance, visit CardData (www.carddata.com). (CF Library 5/2/07; 5/22/07; 6/15/07; 6/20/07)
Ohio-based The Andersons retail stores and GE Money have signed an agreement to extend its 10 year relationship with The Andersons Credit Card consumer financing program. The Andersons Credit Card offers consumers an option to earn 2 percent reward certificates on every purchase, 90-day, 6-month and 12-month deferred payment and deferred interest on specified levels of purchase, no annual fee, and a 25-day grace period on all new purchases. A Contractors Card also is available. The Andersons has six large retail stores that offer extensive traditional home center merchandise along with a broad array of products including lawn and garden, house wares and work wear. The stores also feature a unique offering of high-quality fresh foods including produce, deli, bakery, specialty gourmet foods, frozen and fresh meats and one of the largest selections of fine wines in the Midwest. Total revenues in 2006 were $1.5 billion. GE Money, a unit of General Electric Company, is a provider of credit services to consumers, retailers and auto dealers in more than 54 countries around the world with more than $190 billion in assets.
MasterCard is set to air its latest “Priceless” TV spot featuring Richard Dean Anderson, who starred as the lead character in the popular 1980s series “MacGyver,” and focuses on the benefits of the “Debit MasterCard.” It will air during the game’s fourth quarter. Creative for MasterCard’s “Priceless” campaign is handled by McCann Erickson/New York. Meanwhile, the Washington State Credit Union League is set to air a regional spot in the Super Bowl. The Credit Unions’ Super Bowl ad rap/rock anthem will be performed live (in Seahawks jerseys) by Seattle musicians Winfield Ezell and Jake Nawrocki of the band Groovology.
Safeway.com and Vons.com are now offering gift cards from 21 major retailers. Meanwhile, Detroit-based Comerica Bank has launched a “VISA Gift Card.” Safeway.com and Vons.com are charging a $2.50 service charge for each gift card shipping address. Participating retailers include: AMC Theatres; Bed, Bath & Beyond; Blockbuster; Borders; Checker; Schuck’s; Kragen; Chili’s Grill & Bar; Circuit City; CompUSA; Foot Locker; KB Toys; Marriott; Nordstrom; Old Navy; Olive Garden; Red Lobster; Sears; Shell Oil; Starbucks; Stuart Anderson’s Black Angus Restaurants; The Children’s Place; and, the Wherehouse. Customers can also purchase Safeway gift cards for $20, $50 or $100, redeemable inside Safeway, Vons, Pavilions, Randalls, Tom Thumb, Dominick’s, Genuardi’s and Carrs stores. The “Comerica VISA Gift Card” carries a $5.95 fee and is available in denominations of $25, $50, $100, $250, $500 and $1,000.