CardWeb.com’s CardData database of Company Profiles today features First American Payment Systems.
Spain-based Santander has outlined plans to create around 400 call center jobs in the UK to support its growing customer base in Liverpool, Glasgow and Leicester. Santander embarked on the UK market in 2004 after buying Abbey but has recently exponentially as a direct result of the economic crisis with its takeover of Alliance & Leicester and Bradford & Bingley. With this, its customer base consists of over 25 million. This in response to poor customer service reviews by UK customers and a rash of complaints from customers who have encountered difficulties accessing accounts online.
Fiserv has released its research that focuses on nine characteristics that are the hallmarks of a successful new payments product.
Those traits include the following: The product must be completely electronic from initiation, to settlement,
to statements; must work everywhere, all the time; be intuitive, be secure to include two-factor authentication, end-to-end encryption,
firewalls and smart compartmentalization of data; be easy and informative; always be on and customizable.
Santander Cards reveals that Britons incurred GBP122 million pounds in unnecessary foreign exchange fees when using their credit card
abroad last year. The massive sum was generated after Britons spent GBP1.5 billion on credit
cards overseas in 2009, an average of GBP600 per traveller. Nearly all
credit cards in the market impose a foreign exchange fee of around 2.75%
on purchases made abroad. The Santander Zero Credit Card is one of the only
cards on the market to offer fee-free foreign usage anywhere in the
world. One in five travelers use credit cards, however, the research revealed that 52% of travelers still pay with cash when abroad.
Credit cards are the second most popular
method of payment, followed by debit cards at 15% and traveller’s
cheques at 5%.
Research published by Santander reveals that 51% all Britons travelled
abroad in 2009 Ã¢ÂÂ and that 52% of these used cash for
the majority of their purchases with 20% using credit cards and 15% using debit
cards. Only 5% of traveler’s use traveler’s checks.
The research also reveals that the average spending money while abroad
is GBP207 per person per week. And, that almost half of British travellers
(47%) withdraw three quarters of their weekly spend (GBP147) using an ATM
machine whilst they were abroad.
Spirit Airlines Ultra Low Cost Carrier (ULCC) serving more than 40
destinations in the United States, Latin America and the Caribbean will
be adding Acculynk “PaySecure” to its online checkout in 2010. Acculynk
“PaySecure” software-only service for PIN debit payments on the
Internet, providing online shoppers a convenient payment experience that
is both secure and familiar. “PaySecure” is integrated directly into the
airline checkout and appears as a payment option when the consumerâs
debit card qualifies to be used with the service. Transactions are
processed using existing payment connections, and merchants gain
immediate benefit from lower transaction fees, and reduced fraud and
charge-backs. PaySecure requires only a consumerâs existing debit card
and bank-issued PIN, and online shoppers pay right at the merchant
checkout, with no redirection to a third-party site.
Catering to a world of increased global travel, Abbey International,
owned by Banco Santander, has partnered with Visa to make available its
suite of three cards for its clients, including Gold, Platinum and Visa
Infinite which are available exclusively to Abbey International Gold
current account holders. Offering an exclusive range of benefits
designed to Abbey International’s demanding brief, the Visa Infinite
card has been tailored to give clients enhanced levels of cover and
greater benefits, particularly for a wiser and more discerning
demographic, including an Airport Angel membership offering cardholders
access to over 400 airport lounges and a range of flight related
information services. The Abbey International Visa Infinite card is only
available to those Abbey bank account holders with at least GBP100k on
deposit and if there is over GBP250k in the account, all card membership
fees are waived.
Catering to a world of increased global travel, Abbey International, owned by Banco Santander, has partnered with Visa to make available its suite of three cards for its clients, including Gold, Platinum and Visa Infinite which are available exclusively to Abbey International Gold current account holders. Offering an exclusive range of benefits designed to Abbey International’s demanding brief, the Visa Infinite card has been tailored to give clients enhanced levels of cover and greater benefits, particularly for a wiser and more discerning demographic, including an Airport Angel membership offering cardholders access to over 400 airport lounges and a range of flight related information services. The Abbey International Visa Infinite card is only available to those Abbey bank account holders with at least GBP100k on deposit and if there is over GBP250k in the account, all card membership fees are waived.
Winn-Dixie Stores has partnered with Excentus to launch “fuelperks!”
for customers using its “Customer Reward Card” in any of the 51
Winn-Dixie stores in the Jacksonville area. Allowing customers to earn
gas discounts at Shell-branded and other participating gas stations,
“fuelperks!” rewards every $50 in qualified purchases using the CRC at
Winn-Dixie with a 5-cent-per-gallon fuel discount redeemable at any one
of 67 participating gas stations. Customers are kept informed of their
account on the bottom of their sales receipts, including “fuelperks!
Rewards” earned for this shopping trip, total “fuelperks! Rewards”
earned to date,â expiration dates of “fuelperks! Rewards” earned and the
“fuelperks! Rewards” balance.
Effective June 15th, Abbey will re-brand its credit cards as Santander. The credit card brand shift is the first phase of a plan announced in May to re-brand Abbey, Alliance & Leicester and Bradford & Bingley savings under the Santander name by the end of 2010. Abbey currently offers two major card products, the “Abbey Zero MasterCard,” featuring no foreign exchange fee and no cash advance fee, plus 0% interest on balance transfers for 12 months and purchases for three months and the “Abbey Credit Card” offering 0% on balance transfers for 15 months, 0% on purchases for three months and an ongoing APR of 15.9%.
All new credit cards will be issued under the Santander name and
replacement cards will be issued under the Santander name as they come
up for renewal. Since 2004, Abbey has been part of the Santander Group, the third largest bank in the world by profit. In 2008, Alliance & Leicester and Bradford & Bingley become part of the Santander Group. Today, Santander has 90 million customers, over 14,000 branches, and 170,000 employees. As a global brand, the flame logo and Santander name is now seen in over 40 countries around the world.
Abbey International has teamed with Visa, AXA Insurance and Airport Angel to offer an extensive package of insurance, travel and lifestyle services as part of its new “Visa Platinum” and “Visa Infinite” deferred debit cards. The new cards are only available to holders of Abbey International’s “Gold” account which offers multi currency banking in sterling, euros and U.S. dollars, as well as interest on credit balances and an online banking package.
The “Gold” account can also be linked to a “Monthly Offshore Saver” account to combine the flexibility of a current account with guaranteed fixed rate savings. Abbey says the “Platinum” card has been developed for clients who regularly travel, while the “Infinite” card offers bespoke personal services.
A new report released from Datamonitor details the Treasury’s plan for the rescue of eight banks on the verge of collapse. The plan includes a commitment from the banks to raise their Tier 1
capital position by a combined GBP25 billion, with funds made
available by government in return for preference share capital or
permanent interest bearing shares; minimum of GBP25 billion in further support for all eligible institutions as required, on the same terms as above and a government guarantee of new short and medium term debt issuance of varying terms up to 36 months. The Treasury expects take-up of this facility to reach GBP250 billion. In order to implement the bailout, the government will impose restrictions that include limits on executive remuneration, including bonuses, a suspension of dividend payments, and pledges to continue lending to consumers and businesses, in return for bearing risk at a level of around GBP2,300 per taxpayer.
The seven banks that have confirmed their participation in the scheme
are: Abbey, Barclays, HBOS, HSBC Bank plc, Lloyds TSB, Royal Bank of
Scotland, and Standard Chartered. The largest building society in the
market, Nationwide, is also participating.