CardWeb.com’s CardData database of Company Profiles today features CashStar.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dan Farrell, Vice President, Worldwide Sales of CashStar.
CashStar will join a panel of experts at All Payments Expo (APEX) Europe to help attendees understand and leverage the convergence of the payments, mobile, retail and marketing worlds during the session titled, APEX Europe brings together executives from diverse industries to build the next generation of prepaid, retail payments, emerging technologies and alternative financial services. APEX Europe is co-located with Retail Payment Innovations, a one-day event focusing on retail innovation and payment technology. During this panel discussion, attendees will gain real world insights from merchants’ approach to payments and commerce in an omni-channel environment. Panelists will discuss how they are approaching potential partnerships and investments across their channels.
Banco Popular de Puerto Rico (BPPR) will be implementing the Logica “All Payment Solution” (LAPS) to deliver central payments processing for its US Federal Reserve and SWIFT-based payments, anti-money laundering detection and financial messaging. The “LAPS'” scalability enables compliance with new regulations and addresses the changing needs of customers. The payment services hub increases automation levels, enabling real-time and more streamlined payments processing to improve customer service level and drive down operational costs. Logica will work with Banco Popular’s local IT implementation partner, EVERTEC to provide solution deployment support.
Kiwibank Limited has implemented the ACI “Proactive Risk Manager for Enterprise Risk” to deliver fraud prevention and detection, protecting its 700,000 customers from card fraud. The anti-card fraud solution that can be implemented quickly and can deliver fraud prevention and detection in the future. The “Proactive Risk Manager” gives the bank ability to provide effective fraud prevention and in a matter of months after implementation delivered the savings that had been predicted throughout the first year.
MICROS Systems announced Chase Field has selected its “MICROS 9700 Hospitality Management System (HMS)” as its POS platform. The platform contains 240 of the newly released “MICROS Keyboard Workstation 270’s,” the latest innovation of POS terminals from MICROS, and 26 new Motorola “MC-55 Handheld” devices to facilitate In-Seat service in the club level. For ticket holders “MICROS 9700 HMS” provides Chase Field the ability to accept loaded tickets as payment at the food and beverage point-of-sale terminals, further enhancing the fan experience and driving additional consumer purchases. The Arizona Diamondbacks have been at Chase Field since 1998.
Consumers have increased their retail spending 24% in November and the outlook for planned purchasing in December is strong. The Past 30-Day Retail Index for November is now 11.2 while over the next 30 days it is projected to increase 36%. Consumer sentiment, however, remains low and relatively steady over the past three months at 41.8 in December, down slightly from 42.2 in November. This, according to the “Consumer Reports Index Dec ’09” report, also shows the low but stable consumer sentiment numbers are tied to the Consumer Reports “Trouble Tracker Index,” which has stalled at 62.0 and has been on the decline since September, thanks in part to the 37.2% of Americans reporting one or more financial difficulties up from 35.6% in November. These difficulties include 15.7% unable to afford medical bill or medications; 13.4% facing increased credit card interest rate, penalty fees, etc; 9.4% having missed payment on a major bills; 7.9% experiencing lost or reduced healthcare coverage; and 7.4% having lost their job.
A new consumer survey has found 38% of Americans experiencing at least one major negative personal finance event in the past 30 days. The negative events include: the inability to pay medical bills or afford medication, missed mortgage payments, home foreclosure, interest rate
increase, penal fees, reduced lines of credit or other changes in credit card terms, job loss or layoffs, reduced healthcare coverage, or the denial of personal loans. The latest “Consumer Reports Index,” which includes the “Sentiment Index,” the “Trouble Tracker Index,”
“Stress Index,” the “Retail Index,” and the “Employment Index,” concluded that Americans feel far worse about their financial situation than they have in the past seven months. The “Sentiment Index” dropped to 38.1 in September from 41.1 in the previous month. The “Trouble Tracker” continues to creep upward from its low point in May of 48.5, but it remains steady, only 60 basis points above the prior month.
In July the “Stress Index” rose slightly to 58.4 and has continued to increase to 65.7 in September. The “Retail Index” for the past 30 days collapsed in August last month, falling to 9.5 from 13.0 in July, has
stabilized in September at 9.7. The “Employment Index” improved significantly in September to 50.3 from 48.0 last month.
Open Solutions has expanded its strategic relationship with
Consumer Network Services to provide EFT products and services to Open
Solutionsâ clients running “The Complete Banking Solution” and “The
Complete Credit Union Solution.” CNS EFT solution sets include ATM
driving and monitoring, ATM and debit
card transaction processing and comprehensive ancillary services
including risk management, card production and consultative services.
CNS processes more than 20 million EFT transactions per month for Open
Solutionsâ clients. With this new agreement, Open Solutions will be able
to offer CNS EFT capabilities
to Open Solutionsâ in-house core clients. The partnership will introduce
products and services that were not widely available to many in-house
TNB Card Services has hired Doug Farrell, formerly with Remitpro, and Andy Bowers, formerly with Fifth Third Bank Processing Solutions, as VPs of regional sales. Farrell will focus on the south central and western regions. He previously held positions with a variety of companies in the electronic payments market, including First Data Resources and Eastman Kodak. He has had extensive experience in selling outsourced software applications and technology solutions to Fortune 1000 companies. He has a degree in business administration from the University of Nebraska, Lincoln. Andy Bowers, who focuses on the northeastern region, previously worked in sales with Muzak Corporation. He has a degree in business administration/organizational communication from Ohio University.
TNB Card Services has hired Doug Farrell, formerly with Remitpro, and Andy Bowers, formerly with Fifth Third Bank Processing Solutions, as VPs of regional sales Farrell will focus on the south central and western regions. He previously held positions with a variety of companies in the electronic payments market, including First Data Resources and Eastman Kodak. He has had extensive experience in selling outsourced software applications and technology solutions to Fortune 1000 companies. He has a degree in business administration from the University of Nebraska, Lincoln. Andy Bowers, who focuses on the northeastern region, previously worked in sales with Muzak Corporation. He has a degree in business administration/organizational communication from Ohio University.
The Futura Loyalty Group has signed a distribution agreement with
MBNA Canada bank for the issuance of the “Futura Rewards
Mastercard” credit card. This card will be accepted wherever
MasterCard is accepted and, when used for purchases at Futura
partner retail locations or the “Futura on-line shopping mall”, rewards
double points from both the MBNA card rewards and the retailer.
Cardholders will also earn up to 2% in Futura Rewards on all eligible
net retail purchases for an annual maximum of $750 and no annual
service fee. MBNA provides financial products through out Canada
and is endorsed by nearly 500 organizations.