CardWeb.com’s CardData database of Company Profiles today features Prairie Cloudware.
Choice Hotels International announced that the new no annual fee Choice Privileges Visa Signature Card, featuring fast earning power and an automatic upgrade to Elite Gold status, will be available July 1. The new card, issued by Barclaycard US, will award 8,000 bonus points after a cardholder makes their first purchase and another 8,000 bonus points after their first paid stay with the new Choice Privileges Visa card at a Choice brand hotel. Cardholders will earn 2 points per $1 spent on everyday purchases such as gas and groceries. Cardholders will earn 15 points for every $1 spent at over 4,200 Choice Privileges locations worldwide, 10 points per $1 spent at 2,000 other Choice Privileges properties, and cardholders will earn 5 points per $1 spent on Choice Hotels gift cards and on the purchase of additional Choice Privileges points.
A new poll of senior business leaders in the banking and
financial services industry found that most predict 2010 as the start of the recovery. Yesterday retailers reported lower year-on-year sales in July, have now written off the fourth quarter and do not expect to see an improvement until mid-2010. In the KPMG survey, slightly more than a third of the banking and financial services executives thought their industry would fully recover from the current economic crisis ahead of the overall U.S. economy. Yet, while expecting a comparatively slower recovery, 78% of banking and financial services executives expect the business conditions for their industry to improve in 2010 with 72% of them expecting much stronger revenue and 68% expecting improved profitability. When asked to identify the top three triggers they think will spur an economic recovery, 46% cited a stabilized real estate market, 45% said an increase in jobs, and 43% said improved consumer confidence. The three triggers cited least frequently included effective regulations (6%), government stimulus spending (3%), and government bailouts (2%).
MasterCard, American Express and Fifth Third have launched fall card
promotions this week. MasterCard has teamed with Hyatt Hotels’ “Faster
Free Nights” promotion by awarding 2,000 bonus points after every two
eligible stays by using a MasterCard for payment. American Express
“Membership Rewards” enrollees who book the Doubletree “Bed and
Breakfast” package, and pay with their AmEx, have the chance to earn
double bonus points. AmEx has also teamed with Choice Hotels to offer
guests the chance to earn double “Choice Privileges” points on
qualifying stays at over 300 properties in Europe. OH-based Fifth Third
Bank has launched the “Unlock Your Dreams sweepstakes”, which will award
nearly $900,000 in sweepstakes and scratch off prizes. The game piece
will reveal one of many instant offers including a $10 “MasterCard Gift
Card,” and 5,000 “Bonus Rewards Points” with a new Visa “Signature
Credit Card”, among other prizes. For more incentives visit CardTrak’s
Card Incentives section or [www.cardincentives.com](www.cardincentives.com).
Choice Hotels is offering a $50 gas gift card for Choice Privileges members that book three stays between June 1 and August 14. After each third qualifying stay at any Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, or Cambria Suites, Choice Privileges members will receive enough bonus points on top of the points from their three stays to reach 16,000 points, which can be redeemed any time for a $50 gas card or other rewards. Consumers can earn the points for a $50 gas card an unlimited number of times during the promotion without having to register.
Organized by Clarion Events, over 100 international prepaid innovators
will be speaking at the “PrePaid 08” expo and conference to take place
the 3 days beginning June 23rd and to be attended by 500 prepaid
professionals participants. With prepaid spending expected to reach
EUR75 billion by 2010, the event is conducive to this growing market,
showcasing payment innovation solutions, promoting cross-industry
partnerships, panel debates and discussions with visionary CEOs in
various industry sectors. These varying sectors include retailers,
transport operators, government agencies and network operators.
Moreover, “Prepaid 08” will be featuring case studies conducted by
Prepaid MasterCard Europe, Barclaycard OnePulse, the MTA New York and
Encore Capital announced that Timothy J. Hanford, Co-Head of FPK Capital; Willem Mesdag, Managing Partner of Red Mountain Capital Partners; John J. Oros, Managing Director of J.C. Flowers & Co.; and J. Christopher Teets, Partner of Red Mountain Capital have joined Encore’s Board of Directors. These new members replace directors Raymond Fleming, Treasurer of Consolidated Press Holdings Limited, Eric D. Kogan, Partner of Clarion Capital Partners, and Peter W. May, President and Chief Operating Officer of Triarc Companies, who have resigned in connection with the previously announced acquisition of approximately 25% of Encore’s common stock by an investment vehicle jointly funded by affiliates of J.C. Flowers & Co. and FPK Capital in a transaction that closed on May 10, 2007. In addition, Mr. Hanford has been appointed to the Compensation Committee of Encore Capital Group’s Board. Encore Capital Group, Inc. is a purchaser and manager of charged-off consumer receivables portfolios.
VISA USA has partnered with personal finance expert Jean Chatzky to promote financial literacy nationwide. Chatzky will help develop new financial education curriculum and interactive resources geared toward teachers, students, women and parents. She will also participate in a number of Practical Money Skills for Life and What’s My Score outreach activities. She will also moderate the Financial Literacy and Education Summit being co-sponsored by the Federal Reserve Bank of Chicago and VISA on May 1. This Summit will bring together educators, policymakers, non-profits and private sector leaders to address key issues, such as mandating financial education in schools, and sharing best practices. Jean Chatzky is a regular contributor to “The Oprah Winfrey Show” and to Oprah.com, financial editor for NBC’s “Today Show,” a contributing editor for Money and Travel & Leisure magazines and a columnist for The New York Daily News.
San Diego-based Encore Capital Group has landed new investors J.C. Flowers, FPK Capital and Red Mountain Capital Partners and announced the departure from the Board of Raymond Fleming, Treasurer of Consolidated Press Holdings, Eric Kogan, Partner of Clarion Capital Partners, and Peter May, President and Chief Operating Officer of Triarc Companies. Encore Capital Group is a systems-driven purchaser and manager of charged-off consumer receivables portfolios. FPK Capital manages principal investments for Fox-Pitt, Kelton, a leading specialist investment bank servicing financial institutions worldwide. J.C. Flowers & Co. is a specialist private equity investor in the global financial services industry. Red Mountain Capital Partners is an investment firm based in Los Angeles that takes long-term strategic stakes in public companies.
The “buy and fly!” reward program has expanded in Ireland with the introduction of a co-branded MasterCard. Landround, the owner of the
“buy and fly!” program, and MBNA Europe Bank have teamed for the expansion. The new card offers one point for every GBP 10 spent. There is also a bonus of 500 points when the first card purchase takes place within 90 days of card issuance. Landround says a cardholder could instantly redeem the 500 points for a return flight to the UK. Collectors can also “double dip” by purchasing goods and paying for
these goods with their “MBNA buy and fly! MasterCard” with the current “buy and fly!” partners, such as Tesco, and using it in conjunction with the “buy and fly!” reward card at Heatons or Sportsworld, O2 Stores and Choice Hotels. Other partners include: ESB, Tierneys, Classic
Furniture, Ask Chilli and Mari Mina Healthcare.
Bank of America and Choice Hotels are launching a promotion June 1st offering two free hotel nights for new cardholders making their first purchase by November 1st. The two nights are equal to 16,000 Choice Privileges reward points. In addition to no annual fee, cardholders earn bonus points at almost 3,000 Comfort Inn brand hotels throughout the U.S., as well as points for purchases with merchants that accept Visa credit cards. Choice Privileges Visa cardholders will automatically be enrolled in the rewards program. Choice Hotels International markets more than 5,000 hotels in over 40 countries. Bank of America is one of the world’s largest financial institutions, serving 33 million consumer relationships with more than 5,800 retail banking offices.
Choice Hotels International has signed an exclusive three year agreement with Shift4 to provide its $$$ ON THE NET software to franchisees. $$$ ON THE NET allows Choice’s associates to quickly, accurately and securely process credit card transactions from their property management systems through any processor. Shift4 provides web-based, real-time enterprise payment solutions for the hospitality, retail, foodservices and e-commerce markets.Choice Hotels International is one of the world’s largest lodging franchisors, marketing more than 5,000 hotels in over 40 countries.