In today’s CardFlash News Que: CHASE (Epcot); CONSTELLATION (website); TIMETRIC (Morocco); and NWA (Visa).
Being the first card in the wallet brings huge rewards to issuers. But the Millennial population brings new challenges to reach into their wallets as they shun traditional credit card marketing.
Global Vision Holdings has inked an agreement with Wildgate Wireless to mass market GVHL-branded “GlobalFirst” calling cards. Under the terms of the agreement, GVHL will function as the master distribution marketer for the GlobalFirst program and set up major channel distributors. The targeted distributors are the current credit and debit/stored value card distributors and high traffic volume Web site operators already in place in the industry. GVHL is a developer and wholesale marketer of a new generation of prepaid financial products and services. Wildgate is a leader in the development of hardware/software systems for the delivery of advanced, innovative communications solutions.
Global Vision Holdings and FirstCard Resources has entered into an alliance to offer stored-value cards. Under an agreement, Global Vision is to perform major sales channel development for FCR and will earn a fee for cards sold as well as from residual revenue streams from fees generated through the use of these cards. GVHL is a financial services business and technology development company providing software, consulting and infrastructure for small to medium sized businesses and consumers on a global scale. FirstCard Resources, LLC is a leading customizing and turnkey provider of Prepaid (Stored-Value) Debit Cards issued in conjunction with banks, Visa and MasterCard.
TX-based First American Payment Systems has acquired California-based FirstCard Financial Services which includes 636 ATM-processing contracts. This acquisition is part of First American’s efforts to enhance the company.