Atlanta-based PRE Solutions has rolled-out its first gift card launch in association with Valutec. The gift cards, branded with the Miller Mart logo, increase customer retention, create return traffic and give Miller Mart a competitive edge over other retail locations. The cards will be offered in $10, $25, $50 and $100 denominations as well as a reload option of the later denomination or an amount the customer chooses.
Sao Paulo Transporte S.A. has selected Gemplus’ “GemEasy8000” cards for the city’s new contactless ticketing system. Gemplus BankNote will initially deploy 2.5 million such cards in Sao Paulo to students, pensioners and employees that receive corporate-sponsored travel passes. Students and pensioners currently travel free under government regulations, and Brazilian
companies are also legally obliged to subsidize 100% of employees’ public transport costs. Approximately 16,000 vehicles in Sao Paulo are being equipped with smart card readers that will enable faster and more efficient fare checking. The public bus transportation system in Sao Paulo is one of the world’s busiest networks, serving over five million commuters every day. The system will go live in 2004.
Salt Lake City-based Pacific WebWorks and its IntelliPay subsidiary has introduced a new desktop terminal. The new “IntelliPay Desktop Terminal” provides swipe access to IntelliPay’s online credit card transaction processing technology and operates on all Microsoft operating systems. The product is a joint effort between IntelliPay, First Tennessee Bank and First Horizon Merchant Services. The first installation is expected to occur this month.
Citibank this week launched a new online resource to help educate college students about credit cards and using credit wisely. Although 91 percent of college students agree that they are responsible for their own credit cards, nearly half (43%) of those surveyed feel that they lack enough credit education to use credit wisely. Citi Cards launched a free, new website . This newest offering from Citi’s Credit-ED program advances its long-standing commitment to credit education by providing students with the latest information and tools to manage their credit responsibly. Citi Cards is part of Citigroup, the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
Napster is launching a prepaid gift card for music downloads this week, that will be available for sale in nearly 14,000 retail outlets by mid-November. The new “Napster Card” will offer 15 downloads for $14.85. InComm is partnering with Napster on the first mass-distributed music download card. Participating retailers include: Best Buy, CompUSA, Kroger, Safeway, RiteAid, ExxonMobil, Duane Reade, Diamond Shamrock and Speedway/SuperAmerica. A scratch-off surface conceals a PIN that recipients use to activate 15 credits for permanent downloads from the Napster service. Napster offers access to the largest catalog of online music with more than 500,000 tracks spanning all genres and artists. The company is a division of Roxio, Inc.
Misr International Bank, Banque du Caire, Commercial International Bank, and Credit Agricole have signed orders to purchase Diebold “Opteva” ATMs. The deals were struck at the “Raya World 2003” conference in Egypt. At the conference, a Diebold “Opteva” was connected to the National Bank of Egypt’s existing ATM network, allowing delegates to withdraw and deposit cash. “Opteva” ATMs provide enhanced maintenance options, such as the largest rear operator monitor in the industry with video and touch-screen capabilities, a full keyboard, and software that provides an easy-to-use maintenance interface.
CyberSource has released its new “Recurring Billing Service”. Current recurring billing systems can cause revenue loss when subscriptions needlessly terminate mid-term due to temporary payment failures such as expired credit cards and authorization problems and if left unmanaged, up to 10% of a merchant’s annual subscription base can be affected by this problem. CyberSource Corporation is a leading provider of electronic payment and risk management solutions.
Intuit has closed on the acquisition of Innovative Merchant Solutions, a provider of credit card and debit card processing services for small businesses. IMS enables Intuit to strengthen IMS offering for a critical ‘beyond-accounting’ service — merchant account services. Intuit Inc. is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Intuit has annual revenue of more than $1.3 billion and reaches 25 million customers with nearly 6,000 employees in 13 states and four countries.
San Francisco-based Javelin Strategy & Research released “Online Banking and Bill Paying: New Protection from Identity Theft” which shows the Internet can help protect consumers and businesses from fraudulent opening of a new accounts and unauthorized use of existing accounts. The most significant benefits come from online banking and viewing and paying bills, which can help prevent more than one million cases of identity theft and save consumers and businesses $4.8 billion annually. Javelin Strategy & Research provides advisory services to companies in the financial services, payments, and commerce sectors, to increase the profitability of customer-related technology investments.
Via One Technologies and Debisys have teamed to provide prepaid distribution companies with an electronic turnkey solution delivering all the major prepaid wireless programs including wireless handset equipment and accessories through standard credit card terminals, telephones or web terminals. The Via One Payment and Provisioning Systems platform connects the wireless distribution supply chain of telecommunications carriers, cellular equipment manufacturers, fulfillment companies, distributors, POS operators and POS. Debisys, Inc. supplies proprietary technology-based transaction processing solutions to leading telecommunication carriers, service providers and prepaid distribution companies.
San Francisco-based SVC Financial Services has acquired Pocketpass, Inc. and will offer a Web-based micro-payment system at a targeted 25-cent cost per Internet transaction.
Hypercom said yesterday it is supplying the hardware for the new “bCheck” biometric payment service launched this week in the suburban Washington, DC area. Hypercom is supplying its “ICE” card payment terminals and “BioPIN” finger-scanning pads. VA-based BioPay is using its “bCheck” system, which enables consumers to use their finger image to authorize a debit from a checking account. An initial roll out to nearly two dozen retail locations has just been completed. BioPay says “bCheck” transaction costs are 75% less than the costs of credit card and off-line debit transactions. (CF Library 9/23/03)