Cyber Monday
The online shopping period following Thanksgiving is the largest online commerce event in America. Americans completed a staggering 93% more online purchases on Cyber Monday compared to regular Mondays.
Sherry Magwire
CardWeb.com’s CardExecs database of card industry movers and shakers today features Sherry Magwire, Chief Technology Officer for Planet Group.
Virtual Gift Card
Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.
Cabelas Credit Card Stable, MPR Avg 41.77%
Fitch Ratings has affirmed the long-term ratings, Loss Severity (LS) ratings and Rating Outlooks assigned to Cabelas Credit Card Master Note Trust as stable, thanks in great part to the monthly payment rate (MPR), measuring speed at which consumers are paying off their credit card debts, remaining consistent. Currently the 12-month MPR average is 41.77%,…
Cabela’s Completes Variable Funding Facility With BofA
Cabela’s Incorporated announced that its wholly owned subsidiary, World’s Foremost Bank, has entered into a $352.9 million commitment with Bank of America. Under an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust, the three year commitment will provide Cabela’s CLUB Visa program members added network benefits. Adding Bank of America as a liquidity provider on the Cabela CLUB Visa program additionally allows for further spread of liquidity risks.
AT&T Launches New mCommerce Platform
AT&T has introduced “Digby Mobile Commerce from AT&T” specifically for retailers. Helping them design, deploy and manage mobile commerce web sites and rich applications optimized for smartphones, “Digby Mobile Commerce from AT&T” will give AT&T business customers another means to reach consumers and make mobile devices a virtual sales representative with access to product information, reviews and promotions. It offers a user-friendly interface for consumers to search, browse and buy products on their mobile phones. The solution provides businesses with a single platform that works seamlessly across a variety of mobile operating systems. Further, integrating Digby Mobile Commerce with AT&T Mobile Barcode Services allows retailers to provide information, pictures of products, rich media and an enhanced shopping experience when potential customers scan barcodes. Retailers using Digby can also offer apps to their customers that encourage loyal shoppers to connect, shop and make purchases from almost anywhere.
Cabela’s Implements Digby Mobile Website
Cabela’s Outfitter of hunting, fishing and outdoor gear has kicked off its optimized mobile website through Digby mobile commerce. With this, the outfitter can offer a shopping experience from the user’s mobile device anytime, anywhere. On the Digby “Mobile Commerce Software Platform” Cabela’s is enabling mobile as a strategic channel that complements their e-Commerce website, catalogs and products sold in more than 30 stores in the United States and Canada. The m-Site provides rich product photographs, complete product descriptions, customer-submitted product reviews, lets users shop by category, shop by brand, use the store locator, e-mail and a complete site search.This will let Cabela shoppers search for and purchase items when they visit www.cabelas.com on their iPhone/iPod Touch, BlackBerry and Android.
Digby mWebsite Deployed by Cabela’s
Cabela’s Outfitter of hunting, fishing and outdoor gear has kicked off its optimized mobile website through Digby mobile commerce. With this, the outfitter can offer a shopping experience from the user’s mobile device anytime, anywhere. On the Digby “Mobile Commerce Software Platform” Cabela’s is enabling mobile as a strategic channel that complements their e-Commerce website, catalogs and products sold in more than 30 stores in the United States and Canada. The m-Site provides rich product photographs, complete product descriptions, customer-submitted product reviews, lets users shop by category, shop by brand, use the store locator, e-mail and a complete site search.This will let Cabela shoppers search for and purchase items when they visit www.cabelas.com on their iPhone/iPod Touch, BlackBerry and Android.
Cabela Subsidiary Implements DocuLynx
World’s Foremost Bank, a subsidiary of Cabela’s Incorporated and the issuer of Cabela’s “CLUB Visa credit card,” has selected DocuLynx “Mercury” software solutions for its high-volume archiving and retrieval needs. This will let World’s Foremost Bank move to more cost effective business processes when it comes to managing and adding value to its high volume and transactional output. The software will also allow for reduced storage costs, quick and efficient access to archived data, and enhanced security features to protect customer sensitive information.
eBillme Wins Contract to Sell Top 10 Retailer Gift Cards
eBillme online payment using online banking and walk-in locations has won contracts with new retailers on its growing list of gift cards now being sold with eBillme. All gift cards processed by eBillme can be paid for with cash, allowing retailers to attract the growing number of shoppers who prefer cash over credit. The latest retailers now selling gift cards with eBillme include Bass Pro Shops; Cabelaâs; Champs Sports; Circuit City; Dell; Endless.com; Foot Locker; JCPenney; Omaha Steaks; The Home Depot; and Tiger Direct. This comes right in time for the holidays, during which 69% plan to purchase at least one gift card for the holidays this year. The eBillme Gift cards can be purchased in denominations of $5-$5,000 from eBillme directly without releasing any financial information.
Giftango Raises $5 Million in Series B Capital
Giftango Corporation virtual gift card company has closed more than $5 Million in Series B financing from Taylor Corporation with participation from Series A Investors. Giftango plans to use the proceeds to continue its growth and expansion into the popular digital eGift card market. This funding was made on the heels of two recent announcements by Giftango regarding the August release of Giftangoâs first to market platform made for the Incentives & Loyalty industry and the September release of the first Mobile SDK allowing developers the ability to issue national brand gift cards via their mobile apps.
Giftango Launches Virtual Gift Card mDevelopment
Giftango Corporation digital virtual gift cards has released its mobile developer’s toolkit to allow mobile developers to issue national brand virtual gift cards from within their own mobile applications. Allowing merchants to set clear standards the mobile development community can follow, Giftango’s Mobile platform allows merchants to ensure the mobile community follows established guidelines to avoid disparate developer models and applications which may not fit their respective enterprise standards. Giftango also helps merchants manage the appropriate distribution of these applications via its mobile platform. Giftango acts as the plumbing between the merchants and the variety of mobile distribution models in the marketplace.