In Other News: MITSUBISHI (award); BLUESNAP (award); THE BANCORP (video); and CSI (award). MITSUBISHI – Mitsubishi UFJ Financial was named Americas Bank of the Year for 2015 by IJGlobal, the project finance and infrastructure magazine’s top annual regional honor. BLUESNAP – BlueSnap won a 2016 PYMNTS Innovator Award in the category of Best Merchant Solution.…
Cubic, along with Transport for London (TfL) received another major honor for London’s contactless bankcard system. After winning the ‘Technological Innovation’ award at the 18th annual Rail Business Awards. The premier event recognizes excellence and innovation in the United Kingdom’s rail sector. This is the eighth major award for Cubic and TfL’s contactless system. Launched…
CardFlash.com Beaking News: WISEKEY (Kaspersky); COMPASS (FreedomPay); WU (award); and HCENTIVE (Mashable). WISEKEY – WISeKey and Kaspersky Lab are developing technology that will deeply integrate authentication and data encryption into new wearable devices, enabling them to safely connect, communicate and exchange financial data. Under the new partnership, Kaspersky Lab’s secure software development kit for mobile…
CardWeb.com’s CardData database of Company Profiles today features Revel Systems.
Naratte can now provide the benefits of NFC with ultrasonic technology by using the speaker and microphone already found on mobile devices with its “Zoosh” software. Communicating inaudible frequencies, it mimics the communication between frogs, dolphins and other animals. Engineered to be low cost, fast, secure and reliable, “Zoosh” can be instantly deployed on iPhones, Android phones, tablets and even feature phones. It requires no network connection and has no interoperability issues. Zoosh is architected to be safe for mobile payments by implementing security techniques such as creating a unique and perishable transaction IDs.
The International Council of Customer Service Organizations (CSIA) named American Express Canada winner of the 2010 ‘International Service Excellence Award’ in the Division of a Large Business. This award follows a year of new investments and initiatives dedicated to reinventing customer service at American Express Canada. At the forefront of these investments was a new approach to service entitled ‘Relationship Care.’ This new service mindset focuses on deepening customer relationships and creating emotional connections, rather than just transacting. The International Service Excellence Awards are a top customer service award that nominates leading customer service organizations.
American Airlines and MasterCard have teamed to offer the “American
Airlines Travel Concierge” sweepstakes, offering customers multiple
chances to win nearly $50,000 in MasterCard gift cards, $25,000 in
American Airlines gift cards, and hours of virtual concierge services.
The sweepstakes comprises two prize pools with the opportunity for
cardholders to enter up to three times for a chance to win by booking a
flight, car rental or hotel stay on AA.com and paying with a MasterCard
card, or alternatively, by completing the Official Entry Form. One
grand-prize winner in this prize pool will win $25,000 in American
Airlines gift cards, a $15,000 MasterCard gift card, and hours of
personalized virtual concierge services. A separate prize pool in the
Travel Concierge sweepstakes offers the chance to win one of over a
thousand other prizes, including $50 or $250 MasterCard gift cards.
Denver-based Frontier Airlines has filed bankruptcy following an unexpected attempt by its principal credit card processor to substantially increase a “holdback” of customer receipts, which threatened to severely impact Frontier’s liquidity. Frontier intends to continue normal business operations today and throughout its reorganization process. The card processor informed Frontier that, beginning on April 11, it intended to start withholding significant proceeds received from the sale of Frontier tickets. Frontier Airline’s mainline operation has 62 aircraft and 6,000 employees.
MasterCard has been awarded the 2006 Frost & Sullivan “Company of the Year Award” for its performance in the contactless payment market. The annual award is given to a company that has demonstrated excellence within its industry. Several factors were assessed for the award, including MasterCard’s business development, competitive strategy and market leadership. MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide.
The National Bank of Greece has chosen Welcome’s
“XLS” solution to boost their “GO NATIONAL” payment card launch.
“GO NATIONAL” cardholders get instant cash back when they use
their card in the “GO NATIONAL” network of participating merchants. In
addition, the program will soon be enriched with merchant promotions
such as surprise gifts, frequent shopper offers and VIP Service
Vouchers. Welcome’s software combats fraud as well as fight commoditization, for essentially the same cost as fraud.
Kazkommertsbank has chosen Welcome “XLS” to launch their
new “GO!Card” credit card. The “GO!Card” is designed to stimulate
spending with the use of enhanced payment features such as bonus points
accumulated instantly on the card’s chip, which can then be spent at any
participating merchant location. The amount of bonuses provided differs
from merchant to merchant and could be up to 20% of the total purchase
amount at some locations. In 2005, the “GO!Card” was launched in
Astana and Alamaty. The launch in other regions of Kazakhstan is
scheduled this year. Welcome is a provider of payment software that
utilizes the full capabilities of EMV standard chip credit and debit
cards. Kazkommertsbank is the largest private, full-service bank in
Kazakhstan with total assets of 8.9 billion at year end 2005.
Reykjavik Saving Bank (SPRON) is expanding the “e-Card” program to Norway, Denmark and Finland, through a network of partnering issuers, acquirers and retailers. The “e-Card,” powered by Welcome’s “XLS” payment technology, was successfully launched in Iceland where it increased its market share by 10% in a very saturated card market in less than two years. In Iceland the “e-Card” offers cardholders 0.5% cash back from the bank and additional 0.65% to 15% cash back from retailers. Cardholders can spend their cash back anywhere among 200 merchants participating in the “e-Card” program. Card spending is now about 30% above average in Iceland, and as of last year, transaction numbers were running more than 40% above average.