MasterCard is set to kick-off the AngelHack next week in Sydney, Australia. MasterCard: Masters of Code will be the first of ten stops for MasterCard in the Series, taking place in ten of the most prominent tech cities around the globe.
Moggle’s “Virtual Piggy” service has been awarded the “TRUSTe” Children’s Privacy Seal. Approved by the Federal Trade Commission as a Children’s Online Privacy Protection Act (COPPA) Safe Harbor program, the “TRUSTe” Children’s Privacy Program is is most concerned with protecting the welfare of children and includes only companies focused on child privacy. Backed by strict requirements, the TRUSTe Children’s Seal certifies that Moggle, Inc. is compliant with the COPPA rule. Moggle delivers a technology platform designed for the management of the Under 18 age group in the global online market. The Moggle technology enables online businesses to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws.
U.S. Bank has selected Hara Environmental and Energy Management (EEM) as it continues to reduce its energy and carbon emissions. Hara’s comprehensive energy and resource management software will take U.S. Bank’s sustainability efforts to the next level as it identifies further energy reduction opportunities in U.S. Bank properties, tracks and measures environmental initiatives and leverages best practices. Hara EEM will create a central repository that accesses U.S. Bank’s energy and environmental data on more than 2,200 of its owned and operated sites across 25 states. U.S. Bank was already designated an ENERGY STAR Partner by the U.S. Environmental Protection Agency for its voluntary commitment to energy efficiency and is committed to educating and providing employees and customers with solutions to help them minimize paper use through electronic banking options.
Electronic Arts has entered into a five-year strategic relationship with Facebook, tapping the more than 200 million users who play games every month. Offering a more accessible experience for those who purchase virtual goods on Facebook, Facebook Credits will become the exclusive payment method in EA games on Facebook. With this, EA will receive the same 70 percent revenue share for Facebook Credits as is standard for all developers on Facebook. CA-based Electronic Arts is a global interactive entertainment software company founded in 1982 to develop, publish and distribute interactive software worldwide for video game systems, personal computers, wireless devices and the Internet.
Here are the top CardFlash stories for March 2007: Several seasoned industry veterans with the financial backing of AOL’s founder announce plans to introduce the “GratisCard,” a PIN-based anonymous payment card with only a bar code and an account number encoded on its mag stripe. MasterCard inks a development agreement with France-based ASK to create paper-based contactless payment solutions utilizing “PayPass” for deployment in transit and other payment environments. VISA USA signs an agreement with 7-Eleven to introduce the “ReadyLink” prepaid load network to its U.S. stores. Citi acquires prepaid specialist Ecount. SunTrust Banks becomes the first issuer in the U.S. to incorporate “VISA Contactless” payment technology across its entire consumer credit card portfolio. Several national consumer groups partner to form Americans for Fairness in Lending and will promote the release of the documentary and book “Maxed Out.” Kmart settles FTC charges that it engaged in deceptive practices in advertising and selling its gift card. Citi announces it is eliminating its “universal default” and the “any time for any reason” increases to the rates and fees of its customers’ credit card accounts. A Senate subcommittee opens its first hearing on credit card practices, led by Democratic Senator Carl Levin. VISA and game maker Hasbro have signed a deal to add VISA cards to the latest version of “THE GAME OF LIFE.” First Data and China UnionPay sign an alliance to expand the acceptance of “CUP” cards. Citibank agrees to sell the “American Express Gift Card” in more than 980 of its Financial Centers nationwide. First Data and Wells Fargo have reached an agreement for FDC to acquire Well’s Instant Cash Services business.
VISA and game maker Hasbro have signed a deal to add VISA cards to the latest version of “THE GAME OF LIFE.” Players of the new edition, due to be released in August, will receive a VISA card at the start of the game and will use an electronic banking unit to store each players’ financial data as well as their status in the game. The new electronic “LIFEPod” will replace the spin wheel from the classic game. In addition to including VISA cards, the new “Twists & Turns Edition” will allow players to choose four different non-linear paths while pursuing their life goals including an adventure track, family track, college track, and career track. Also, the new edition will feature elements of VISA’s “Practical Money Skills for Life” financial literacy program. Hasbro noted that the winner is no longer the person who accumulates the most money, but rather earns the most “life points,” which is a combination of wealth and life experiences. “THE GAME OF LIFE” was first launched in 1960 and is now produced in 20 languages.
The cumulative total stockholder return value of First Data’s stock increased by 74% since December 1999, compared to a slight loss for companies in its peer group and by the “S&P 500 Index.” FDC’s Chairman and CEO, earned $5.37 million last year, compared to $4.81 million in 2003. Charles Fote also received $3.3 million in stock options for 2004. Scott Betts, President/Enterprise Payments, earned $1.12 million last year, a 47% gain over 2003. Betts also received $1.3 million in stock options. Michael D’Ambrose, EVP/HR, received $1.23 million for 2004, a 19% increase over the prior year. D’Ambrose also received $1.3 million on stock options. Christina Gold, President/Western Union Financial Services, earned $1.12 million in 2004, compared to $1.02 million for 2003. Gold also received $1.3 million in stock options. Pamela Patsley, President/First Data International, earned $2.3 million last year compared to $2.15 million in 2003. Patsley also received $1.3 million in stock options. First Data reported net income for full-year 2004 of $1.88 billion, compared to $1.41 billion for 2003. For complete details on First Data’s latest results, visit CardData ([www.carddata.com]). (CF Library 1/27/05)
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.
First Data has named Daniel Burnham, chairman of the Board of Directors for Raytheon, and Jack Greenberg, retired chairman and CEO of McDonald’s Corporation, to its board of directors.Burnham joined Raytheon as president and chief operating officer in 1998 and was appointed chief executive officer later that year. He served as CEO through June 2003. Greenberg served in leadership positions at McDonald’s for 21 years. First Data serves approximately 3 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment.
InfoSpace, a leading global provider of cross-platform infrastructure products and services on wireless, broadband, and narrowband platforms, announced that momentum continues to build as its Authorize.Net Payment Processing Platform reports more than 100,000 merchants have signed up to utilize the service. Additionally, InfoSpace today announced the launch of a private-label payment processing service enabling financial institutions, independent sales organizations (ISOs) and resellers to offer online payment processing to their merchant customers under their own brand.
The news follows closely recent announcements by InfoSpace of enhancements to its Authorize.Net service, such as wireless payment processing on mobile devices, that are designed to continue driving merchant adoption as InfoSpace seeks to establish Authorize.Net as the default payment-processing platform for merchants worldwide.
“This announcement represents a major milestone for InfoSpace as we continue to build our network of offline and online merchants looking to us to provide them with innovative solutions that help them to leverage Internet technology to grow their business,” said Naveen Jain, chief executive officer of InfoSpace.
InfoSpace’s Authorize.Net Service
InfoSpace’s Authorize.Net(TM) service has been pioneering online payment processing solutions since 1996 providing server-based payment solutions that enable merchants to process transactions in a secure, real time environment 24 hours a day and in over 150 currencies. The Authorize.Net service has grown to include more than 100,000 merchants enabled to authorize, process, and manage credit card and electronic check transactions in a real-time, online environment on mobile devices and Internet enabled personal computers.
InfoSpace is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The company provides commerce, information, and communication infrastructure services to wireless devices, merchants, and Web sites. InfoSpace’s partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, Hasbro, National Discount Brokers, and Bloomberg, among others. InfoSpace’s affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, NBC’s Snap, Lycos, and ABC LocalNet. InfoSpace is also positioned to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services, such as interactive gaming, television and other entertainment services. In addition, the company recently added back-end payment processing to InfoSpace’s existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.
NH-based Internet Commerce Services Corp. and San Diego-based eHNC announced this morning they are integrating iCOMS’ Internet commerce management services with eHNC’s ‘eFalcon’ Internet credit card fraud detection and risk management service. ‘eFalcon’ is a turn-key service specifically designed to assist merchants in distinguishing between legitimate and fraudulent online shopping transactions in real-time. The solution uses a neural network-based predictive software system that examines transaction, cardholder, and merchant data to detect a wide range of credit card fraud. ‘eFalcon’ mirrors HNC’s proprietary and patented ‘Falcon’ solution which is used by credit card issuers to cover 300 million cardholders. iCOMS will add the ‘Fraud Management Service’ to iCOMS’ order and payment management solutions. The new service will be available to iCOMS’ merchants and technology partners in the first quarter of 2000.