AccesRail, a general sales agent for rail carriers based in Quebec is a new Universal Air Travel Plan Merchant, now accepting UATP as a form of payment for rail fare. AccesRail settles all UATP transactions through UATP Settlement Services. USS is UATP’s weekly settlement system also used by travel agencies and non-clearing house carriers to process UATP transactions. AccesRail was created to provide railways with an interface to GDS companies using standard airline systems. Its objective is to allow rail carriers to distribute their product using the global GDS and BSP systems originally created for the airline industry. UATP accounts are actively issued by 15 member airlines and accepted as a form of payment for corporate business travel by more than 200 airlines worldwide.
Fair Isaac has released the latest version of its “LiquidCredit” decision engine, a browser-based instant credit decisioning solution that combines advanced analytics and process automation to help lenders evaluate consumer and small business loan applications and make more informed lending decisions. The tool is used by more than 300 financial institutions worldwide. “LiquidCredit v6.3” incorporates additional bureau-delivered credit risk scores, including Equifax’s “BEACON 5.0” and the companion industry option models, which offer more refined risk prediction and are more consumer-friendly due to improved inquiry logic. Additionally, the enhanced bureau data is available in a parsed format, giving users access to the specific data fields that bureaus return. These latest enhancements provide lenders with more flexibility in servicing their customers and determining the proper credit/pricing offer while effectively managing risk. Several new Fair Isaac clients have already chosen “LiquidCredit 6.3” as their credit decision engine, including Houston-based Sterling Bank.
Canada’s AccesRail, a general sales agent for rail carriers based in Quebec, has begun accepting UATP as a form of payment for rail fare. AccesRail enables UATP account holders to have a convenient means of payment for rail tickets. The UATP program has increased in Europe after the launch of the SAS Corporate Card and the introduction of UATP electronic billing in important European markets. UATP is a worldwide travel payment network. 15 member airlines issue UATP accounts and over 200 airlines accept UATP as a form of payment for corporate business travel.
LowerMyBills.com has selected Yodlee’s “BillDirect” to power “BillPay Plus,” a free EBPP service for consumers.
Command Technology and SVC Financial Services have signed a strategic marketing alliance. The SVC-Command partnership offers European financial services, entertainment and media companies scalable rich media application generator software, SVC Payment Services, robust Digital Rights Management and a powerful mobile commerce application solution. Command Technology sells ICT products and services in the marketing services, CRM, digital rights management and data extract, transform and load sectors to help its clients create and manage successful online real time enterprises. SVC Financial Services is a provider of an integrated suite of secure electronic payment, web application development, digital rights management and multimedia authoring solutions with a focus on the online retailing and entertainment industries as well as the companies that serve them.
Citibank Canada and Ontario-based KidsFutures have launched a MasterCard that enables cardholders to earn up to 2% on all purchases, which are automatically credited to an education savings account, which can then be channeled to a “Registered Education Savings Plan.” In addition to earning up to 2% for all purchases, the new “Citi KidsFutures MasterCard” offers, cardholders double and triple rewards through the program’s partners. All “KidsFutures Rewards” deposited into an RESP are eligible for an additional 20% contribution (up to $400 per year) from the federal government through the Canadian Educational Savings Grant. The no annual fee “Citi KidsFutures MasterCard” also offers multiple cards for family members or loved ones on the same account. KidsFutures was launched in October, 2003.
Citibank Canada and Ontario-based KidsFutures have launched a MasterCard that enables cardholders to earn up to 2% on all purchases, which are automatically credited to an education savings account, which
can then be channeled to a “Registered Education Savings Plan.” In addition to earning up to 2% for all purchases, the new “Citi KidsFutures MasterCard” offers, cardholders double and triple rewards through the program’s partners. All “KidsFutures Rewards” deposited into an RESP are eligible for an additional 20% contribution (up to $400 per year) from the federal government through the Canadian Educational Savings Grant. The no annual fee “Citi KidsFutures MasterCard” also offers multiple cards for family members or loved ones on the same
account. KidsFutures was launched in October, 2003.
Hypercom and Tekserve POS announced that Tekserve will install Hypercom’s high speed, EMV-approved “ICE 6000Plus” with “HyperSafe” operating system security features in all 650 of The Children’s Place stores nationwide. The Children’s Place, a leading specialty retailer of high quality, value-priced clothing and accessories for children ages newborn to 10 years will use the Hypercom-Tekserve card pa6yment solution for a variety of customer benefits including the acceptance of debit, credit and gift cards. Tekserve POS is a leading supplier of POS hardware and services from IBM, NCR, Symbol, Epson and others. Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers.
Wendy’s International has chosen Fifth Third Bank Processing Solutions as its preferred credit card processor for its corporate and franchise locations throughout the USA with Hypercom also offering its terminals to Wendy’s business locations. Fifth Third Bank Processing Solutions is currently processing Visa(R), MasterCard(R), American Express(R) and Discover(R) credit card transactions for more than 4,200 Wendy’s restaurants in the United States. Fifth Third Bank Processing Solutions processes over nine billion ATM and POS transactions per year for more than 200,000 retail locations and 1,550 financial institutions worldwide, including The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc., and The Finish Line. Wendy’s International operates and franchises more than 6,300 Wendy’s restaurants worldwide.
Seattle-based GiftCertificates.com has launched a new “Incentive Management System.” The Web-based tool was created to provide corporations with a full-service incentive and reward program to meet specific, results-oriented objectives such as driving customer acquisition and retention, increasing sales, and motivating and retaining employees, among others. GiftCertificates.com(TM) provides gift certificates and related products and services to corporations and consumers. The company’s sales organization works with over 20,000 corporate customers in all major industries to implement customer and employee acquisition, incentive, loyalty, reward and retention programs.
British Columbia-based VeriFone has chosen the Sierra Wireless “EM3420,” a CDMA2000 1X embedded wireless module, for VeriFone’s “Omni” family of mobile and countertop IP-enabled, wireless POS payment terminals. This high-speed, always-on family of terminals allows mobile retailers to execute secure debit and credit card transactions anywhere there is CDMA2000 1X coverage. VeriFone, Inc., ([www.verifone.com]) recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow. Sierra Wireless is a leader in delivering highly differentiated wireless solutions that enable our customers to improve their productivity and lifestyle.
VA-based BioPay reported this week that more than one million consumers have now enrolled in its electronic biometric identification systems to pay for purchases and cash payroll checks. To-date BioPay has completed nearly 7.5 million transactions worth $3 billion dollars. Under the program, consumers simply needs to put their finger on the electronic scanner to verify their identity, make a payment, or confirm their check cashing history. Using “Paycheck Secure,” merchants can easily confirm a person’s check cashing history before a transaction is completed. If negative information is noted, the transaction can be cancelled. BioPay’s biometric payment service costs about $0.15 per transaction. BioPay began shipping “Paycheck Secure” in June 2000. BioPay began offering its biometric payment service in September 2003.