Approximately 17% of American shoppers plan to open a store credit card to purchase a holiday gift this year. Overall shoppers anticipate spending $757.57 this year on holiday shopping, up from $721.96 last year.
TSYS announced the redesign and new online format for n>genuity journal (www.ngenuityjournal.com), the thought leadership journal of the global payments industry published by TSYS for executive level and other payments industry professionals. The site provides new user-friendly features, a crisp, modern design and intuitive navigation and sorting features. In addition to becoming a more sustainable publication, the paperless format will result in more frequent publishing of payments news, commentary and all-new research from leading experts in the industry.
Gabi Gregg has won the “Follow Me: The Search for the first MTV TJ”
competition from “ZYNC” from American Express and MTV. Named the first
MTV TJ “Twitter Jockey” after a nationwide vote Gregg will be based at
MTV’s global headquarters in New York City. The three month long job
search featured 20 candidates battling it out in a series of Twitter
challenges.Gabi Gregg founded the popular blog “Young, Fat and Fabulous,”
has since been interviewed by The New York Times and Good Morning America,
and has been featured in the fashion magazines French Glamour and Vogue
Among Americans, 77% report the economic recession has significantly changed their outlook on life; 58% of reevaluated their approach on life; and 52% have become less hopeful about the future since the recession began. Additionally, 49% realized they would probably fall short of their personal or professional goals; 42% have become more easily angry or emotional since the recession began; 41% have become more depressed; and 33% raise their voice more frequently since the recession began. This, according to a recent survey conducted by StrategyOne, also shows 15% sought out assistance for mental health problems since the recession began; 19% started drinking or smoking more and 6% started using illegal drugs or used them more often. Moreover, 27% of women 18-34 years old will delay having a baby or child; 21% of Americans 55 years or older will postpone retirement; 18% of single Americans to postpone getting married or engaged; and 9% of married Americans to put off getting a divorce.
Among Canadian small business owners, 25% are not taking a raise; 23%
are refusing a bonus and 16% are taking a pay cut in order to recognize
employees and clients. Nevertheless, 12% fewer small business owners
will be giving their employees bonuses this holiday season Y/Y to 33%;
7% fewer intend to give to charity (33%); 5% less will give employee
gifts (37%) and 4% less will give client gifts (31%). This, according to
the American Express Small Business Holiday Monitor, are showing many
business owners are making up for it with 50% planning to treat their
employees to a party or dinner while 43% are planning to give employees
extra time off. Cost savings has become a priority, with 75% having
introduced some form of cost reduction policies in the last year; 48% of
whom having instituted longer working hours, 47% instituting pay
freezes, 45% reducing spending allowances and 23% having introduced pay
cuts in the past year. Additionally, 67% are “optimistic” for
improvement in the coming year.
First Data has appointed Chip Swearngan senior VP of Communications.
Responsible for global public relations, executive communications,
employee communications and industry analyst relations, Swearngan brings
to First Data vast experience in the payments industry. Most recently
with the Metavante Corporation, Chip oversaw the Company’s public
relations, corporate and employee communications, advertising, branding
and web channel functions for 10-years. Prior to this, he worked at
Edelman Public Relations New York to lead the reputation management
campaign for the Ericsson Corporation and directed agency-based investor
relations programs for 35 biotechnology.
HSBC – North America announced that Thomas P. Nicholson has been appointed vice president of public affairs. Before joining HSBC, Nicholson was with Sears, Roebuck and Co. as a director of public relations. Prior to Sears, he was a senior executive at several public relations and consulting firms. Nicholson is a graduate of Bradley University.
Ace Hardware is deploying Global ePoint’s “Digital Video Recorder Surveillance System” with a point-of-sale interface. The system provides companies the ability to record and archive high resolution images embedded with all transaction detail spanning many months at a time. Key benefits of DVRs with point of sale interface are that it allows the user to quickly search for transaction information – such as search parameters for time, date, camera, merchandise, credit card number, and cash amount of sale. Global ePoint’s Perpetual Digital Division is a solutions provider to the commercial and industrial markets providing a full line of advanced DVRs that fully integrate with access control, alarm, biometrics and POS/ATM systems.
Household’s private label credit card unit has received Best Buy’s top partnership award. Winners were selected from criteria including year over year revenue growth, gross margin return on inventory, share of Best Buy’s business within the category, shipping performance, cost control and return on investment.
Cubic Transportation Systems Australia, a subsidiary of San Diego-based Cubic
Corp., has won the prestigious Western Sydney Industry Award for Product
Innovation for its “world-class upgrade” of CityRail’s ticketing system.
With its state-of-the-art touchscreen technology in CityRail ticketing
and successful integration of locally developed software into the existing
system, Cubic is delighted with being the co-winner of the Product Innovation
Receiving his award from New South Wales Premier Bob Carr, Cubic Australia
managing director Tom Walker said “The Product Innovation Award not only
highlights Cubic Australia’s world class upgrade of CityRail’s ticketing
but also the real benefit and strength that Western Sydney can offer
suppliers and integrators when they choose to work from here.”
“Western Sydney provides Cubic with the people, the skills, and a wealth of
local suppliers, which greatly contributes to the success of our company. The
NSW (New South Wales) government is truly providing top class infrastructure
and training for local industry, and together with CityRail, we have been able
to pass those benefits onto the travelling public,” Walker said.
“The integration of updated and new technology into the CityRail ticketing
system prolongs the life of the existing machines, reduces government spending
on machine replacement and maintenance, and makes Sydney train travel simpler
and faster for commuters.”
It has involved the successful marriage of new technology to the existing
system, an important requirement for successful implementation of ticketing
systems. The software also allows for easy enhancement in the future.
“By choosing Cubic’s flexible system back in the early 90s, CityRail not only
saves tax payers money today — it’s more cost effective to upgrade than to
replace such technology — but also leaves open future options, such as the
of smartcards and other improvements in years to come,” Walker said.
“Coming on top of our ticketing system’s performance during the Olympic peak
period last year — CityRail showed more than 99 percent availability — and
our successful delivery of the Airport Link ticketing system, we are very
pleased and honored with this award and the recognition it brings to
Walker said the Premier, Minister for Western Sydney Kim Yeadon, the state
government, other award sponsors, and Auburn local member Peter Nagle should
also be congratulated for highlighting the very real strengths of working in
Cubic Australia was also a finalist in the Information Technology category of
the Western Sydney Industry Awards.
The Western Sydney Industry Awards, run by the New South Wales Government’s
Office of Western Sydney, are the most strategic set of regional awards in
Australia. The Awards acknowledge and promote the importance of key industries
integral to the future growth and development of the nation, articulate key
drivers of growth for the region, and give vital recognition to the region’s
most innovative businesses.
Cubic already plays a major role in Sydney’s transport network as the group
behind CityRail’s ticketing system, which processes more than half a billion
ticketing transactions a year across the greater Sydney metropolitan area and
is relied upon by nearly a million commuters daily.
Cubic is a key member of the SMARTPOS consortium, which is bidding to
integrated, smartcard-based mass transit ticketing systems for Sydney and
Brisbane, Australia covering rail, bus and ferries. The members of SMARTPOS
include fellow industry leaders, the Commonwealth Bank of Australia, EDS
Australia and Philips Australia.
In Australia, contact Taras Misko, Edelman Public Relations Worldwide (02)
9291 3303 0402 038 459
Cubic Transportation Systems is the world’s largest supplier of automated
ticketing systems and services. A world leader in innovation, Cubic was first
to introduce transit contactless smartcards in the late 1980s. Cubic’s
Australian subsidiary has been operating in NSW for 10 years, where its
CityRail solution supports close to a million journeys daily.
Cubic’s Defense Group provides instrumented training systems for military
forces, data links, avionics systems, product logistical support, battle
command training, radio communications systems, and field service operation
SMARTPOS represents a consortium of companies with a rich history of providing
world-class transport technology and financial transaction processing
solutions. The consortium consists of Cubic Transportation Systems (Australia)
Pty Ltd, the Commonwealth Bank of Australia, EDS (Australia) Pty Ltd and
Philips Electronics Australia Ltd.
SMARTPOS brings together the experience and expertise necessary to introduce
and integrate a new smartcard-based, user-friendly payment system for public
The global initiative to unleash the potential of wireless e-commerce added sixteen new members Tuesday including VISA and MasterCard. Radicchio members now include 28 companies committed to promoting ‘Public Key Infrastructure’ or ‘PKI’ solutions for secure transactions over wireless networks. Launched last Sept., Radicchio’s most recent members include Across Wireless AB, Baltimore Technologies, CYLINK Corp., Entrust Technologies, Gray Cell Inc., iD2 Technologies, Lucent Technologies, MasterCard International, Mobile Telephone Networks, NTT DATA Corp., Saraide, Synamic Limited, VeriSign Inc., Virgin Mobile, VISA International and Vodafone Airtouch. Initial members included Sonera SmartTrust, Gemplus and EDS. Radicchio is the also exclusive sponsor of the conference “Wireless E-Commerce – Clearing the Road for Global Expansion,” which gets underway tomorrow at the Olympia Conference Centre in London.
First Data Corporation announced Thursday that Joan Edelman Spero has been named a board member of the Company, a leading provider of electronic payment services worldwide.
Mrs. Spero was named president of the Doris Duke Charitable foundation in January of 1997. As president, she is responsible for establishing and directing the activities of the more than $1.3 billion foundation, which is dedicated to supporting a variety of charitable causes, including the performing arts, environmental preservation and the advancement of medical research.
Mrs. Spero was formerly Undersecretary of State for Economic, Business and Agricultural Affairs, a position to which she was appointed by President Clinton in 1993. As Undersecretary, she played a central role in formulating the Clinton Administration’s foreign economic policy. She advised Secretary of State Warren Christopher, and led the work of the State Department on issues ranging from the North American Free Trade Agreement (NAFTA) and the Uruguay Round Agreements, to the work of U.S. embassies around the world in promoting U.S. exports and investments. She also served as a top advisor on the G7 Economic Summits.
“Joan’s broad knowledge base, with experience in both international affairs and the financial services industry, will help us achieve our goal of establishing First Data as the leader in making electronic payments the payment method of choice worldwide,” said Ric Duques, president of First Data Corporation.
Mrs. Spero was an assistant professor at Columbia University from 1973 to 1979. She is the author of The Politics of Economic Relations and The Failure of the Franklin National Bank Challenge to the International Banking System. >From 1980 to 1981, during the Carter Administration, she served as U.S. Ambassador to the United Nations Economic and Social Council. From 1981 to 1993, she was an executive at the American Express Company, where her last position was Executive Vice President for Corporate Affairs and Communications.
Mrs. Spero graduated Phi Beta Kappa from the University of Wisconsin. She holds a Master’s degree in international affairs and a Ph.D. in political science from Columbia University. She also studied at the Institute d’Etudes Politiques in Paris and is fluent in French.
Active in professional associations in foreign affairs and economics, Mrs. Spero is a member of the Council on Foreign Relations and the Council of American Ambassadors. She serves as a trustee of the Wisconsin Alumni Research Foundation and the Brookings Institution.
Hackensack, N.J.-based First Data Corporation is a global leader in payment systems, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or smart card at the point of sale or over the Internet; by check or wire money. For further information about First Data, please visit the Company on the Internet at .