BillMyParents teen payment solutions brand offered by Socialwise announced its upcoming weekend of unprecedented brand exposure. In conjunction with BillMyParents’ “Spend Smart” card prepaid reloadable card kickoff, the national media rollout includes fully integrated broadcast, advertising and event programming on the ESPN and MTV television networks. BillMyParents reached millions of viewers this weekend on ESPN and continues its push on MTV tonight, spreading a simple and powerful message about the BillMyParents Spend Smart card. For use everywhere debit MasterCard is accepted, “Spend Smart” will be featured on ESPN with its first-ever national television commercial, integrated event-branding, digital advertising and multiple appearances during a 2-hour live ESPN broadcast of the first of four Street League Skateboarding Series events.
Las Vegas-based closed loop card provider CUBIS Financial has launched
the “Credit Travel Network”. Specifically designed for the underserved
travel consumer, the “Credit
Travel Network” is a non-store, closed-loop travel credit product. It
offers worldwide destinations, including luxury resorts and cruises. All
vacations come with financing available to the traveler that has no
credit cards or those who don’t have available credit on their credit
cards to purchase a vacation online. CUBIS
Financial provides all elements of the program from application
processes through fulfillment and customer support. CUBIS Financial has
also launched its own private brand, “Credit Travel Card”,
available at www.credittravelcard.com.
CUBIS Financial, Ltd.’s
board of directors has promoted Phil Huston to chief executive officer
the company announced.
CUBIS Financial develops turnkey solutions for private label, closed
loop credit card and vacation programs. The company provides all
elements of a card program from application processes through
fulfillment and customer support.
With more than 20 years of experience in business management, Huston was
previously vice president of product development for CUBIS and is a
veteran in strategic concept design, platform development and daily
operations for start-up as well as established online and offline
In 2005, Huston joined CUBIS Financial as its first employee with the
mission of building the company into the stable and profitable
organization it is today.
“This promotion to CEO is indeed an honor. I am delighted that in this
new role I can continue to help CUBIS pioneer innovative custom card
solutions for all industry and user types,” Huston said. “By
establishing new relationships with vendors and partners each day, we
are transforming CUBIS Financial’s vision into a reality.”
Prior to joining CUBIS, Huston held executive posts at some of the
nation’s top telecommunications and marketing companies. His positions
included vice president of marketing and operations for Impulse
Marketing Group, Inc.; manager of telemarketing channel development for
U.S. West/Qwest Wireless, LLC; vice president of telemarketing for
Innovative Marketing Strategies, Inc. and United Services Telephone,
LLC; director of operations for Wyer Creative Communications, Inc.; and
president of Interactive Corporation, Inc.
About CUBIS Financial, Ltd.
CUBIS Financial, Ltd was founded in 2005 and develops closed loop,
credit card platforms that provide turnkey solutions for private labeled
closed loop credit card programs. Headquartered in Las Vegas, CUBIS
Financial provides all elements of a card program including application
processes; card issuing and activation; card account management; all
merchandise orders and fulfillment; merchandise and vacation inventory;
as well as collections and product payment processing. CUBIS provides
all cardholder communication through e-mail, SMS text messaging, live
chat and live agent customer service. CUBIS private labels the cards,
Web site, cardholder interface and store fronts so brand continuity
dominates the entire customer experience. For more information, go to
Las Vegas-based Cubis Financial has rolled-out an “Express Card Program” for the delivery of stored-value cards. The Cubis Express Card Program is a proprietary platform designed to provide cost-effective and fast-to-market stored-value card campaigns. The program is tailored for private-label use by organizations and businesses alike. The Cubis Express Card Program is a complete turnkey stored-value card solution. Cubis Financial, Ltd. (www.CubisFinancial.com), a SellingSource.com company, is a technology-driven financial services marketing company that provides full-service credit, stored-value, and private-label card solutions.
Las Vegas-based Cubis Financial has secured First PREMIER Bank as an issuer of its stored-value, prepaid card offers. Cubis Financial has developed a new Express Card(TM) — a general use stored-value card — to serve the needs of the card-in-a-box industry. Cubis Financial, Ltd. (www.CubisFinancial.com) is a technology-driven financial services marketing company. First PREMIER Bank (www.FirstPremier.com) believes that the combination of local ownership and its commitment to technology for the delivery of services provides a unique ability to offer personalized, flexible banking services to customers on a local or national basis.
Pacific Card Services has signed a multi-year service agreement with Las Vegas-based Cubis Financial for stored-value and gift card support services. Pacific will market tens of thousands of fund-raising gift cards to the affinity market during the remainder of 2006. The firm currently is working with several national 501c3 organizations, including CureBreastCancer.org, to establish fund-raising opportunities. Pacific Financial Solutions is a leader in providing cashless ATMs featuring point-of-banking terminal technology, gift cards and prepaid stored-value cards at locations throughout the United States. Cubis Financial, Ltd. is a technology-driven financial services marketing company.
Vancouver-based Envision Credit Union has completed its implementation of Fincentric’s “Wealthview Banking” system. Working with TELUS and Fincentric, Envision now has just over 100,000 members using the new system. TELUS provided systems integration and IT consulting services for Envision’s implementation and conversion onto the “Wealthview Banking” system and continues to provide a complete suite of banking system management services ranging from ongoing systems integration and consulting services, application management and enhancement services, systems operation and technology management, and telecommunication network provisioning and management.
“Wealthview Banking” is a complete front-to-back office banking system for financial institutions, offering comprehensive applications for deposits, payments, and consumer lending. “Wealthview Banking” features capabilities and integration across multiple delivery channels, including Internet banking.
Vancouver-based Fincentric announced that Envision Credit Union
is running live with the company’s “i-Wealthview Banking” system.
Envision is using “i-Wealthview Banking” to consolidate and transition
away from multiple legacy banking systems onto one single fully
integrated platform. The new banking system will help break down
information silos to provide Envision’s 750 employees with a consolidated
view of a customer s existing accounts and products.
Envision Credit Union, with over $2 billion in assets and 100,000 members,
operates 18 credit union branches and 16 insurance offices throughout
British Columbia s Lower Mainland and Fraser Valley, as well as north in
Starbucks has added an automatic reload feature to its prepaid store card and has launched a promotion with VISA. The automatic reload enables customers to set a minimum balance threshold and when the account falls below the threshold, it is automatically replenished through the customer’s designated credit or debit card. Reloads can be made in any amount between $20 and $100 and can be setup online. In conjunction with the new feature, Starbucks is also launching the “Get an Extra Shot from Visa” contest. Between now and November 11th, VISA will randomly select five individuals who have signed up for the automatic reload option using their Visa card. The selected customers will receive a match of their first reload amount loaded onto their Starbucks Card. The Starbucks stored value card was introduced last November and to-date has activated nearly five million cards. Starbucks previously reported that it issued 2.3 million cards within the first six weeks of launch. Between Thanksgiving and year end 2001, customers loaded a total value of $32 million onto the new card and redeemed $9 million in 2.2 million transactions. (CF Library 1/25/02; 4/18/02; 7/10/02)
Starbucks announced Tuesday it will now replace unused balances of lost, registered Starbucks Gift Cards. The stored value card was introduced in November and to-date has activated more than 4 million cards. Starbucks previously reported that it issued 2.3 million cards by year-end 2001. Customers loaded a total value of $32 million onto the new Starbucks Card and redeemed $9 million in 2.2 million transactions between Thanksgiving and the end of 2001. Under the new replacement card enhancement, a customer must have registered his or her Starbucks Card via Starbucks’ Web site or toll-free number. Registered customers need not retain a receipt. In the event a card becomes misplaced, customers call to report the missing card and the balance will be frozen and a new card, loaded with the remaining balance, will be sent to the customer. Starbucks Card users who registered prior to July 3 will need to update their account information with their city of birth. Starbucks is sending registered cardholders an e-mail notification to request the additional information. (CF LIbrary 1/25/02; 4/18/02)
Spiegel’s OR-based First Consumers National Bank has signed a consent order with the OCC to end the issuance of sub-prime credit cards. FCNB has agreed to stop issuing any new secured credit cards unless it is fully secured; increasing the credit line of any existing secured credit card; issuing any new unsecured or partially-secured credit cards to any existing customer with a FICO score below 680; and providing any new credit line increases on any bankcard to any customer having a FICO score less than 680. FCNB also agreed to immediately close all accounts with a FICO score of less than 680 and all Preferred card accounts with a FICO score of less than 640 that have been inactive for a period of twelve months or more and have a zero balance as of May 15th. For accounts that have been inactive for at least six months but less than twelve months and have a zero balance as of May 15th, FCNB has agreed to immediately reduce the customer’s credit limit by 50%. In February the Spiegel Group announced it was looking to unload its credit card business following rapid deterioration and a significant earnings shortfall. The company expected to take a $310.5 million loss on the sale of the portfolio. First Consumers National Bank, which offers secured and unsecured bank credit card products, currently has approximately $1.3 billion in credit card receivables and 1.6 million accounts, according to CardData ([www.carddata.com]). (CF Library 2/22/02; 4/23/02)
TELUS Corporation and Fincentric Corporation
have partnered to provide systems consulting, integration, hosting and
software licensing and support in a seven-year agreement with Envision
Credit Union, Canada’s fourth largest credit union.
TELUS and Fincentric will provide a banking solution through a single
banking platform that integrates in-branch, ATM, telephone and Internet
systems for Envision’s 100,000 members. Value of the agreement is not being
“By combining the technology and application management expertise of TELUS
with world-class banking software from Fincentric, we are able to create a
first-class banking solution for our membership as a whole,” says Gord
Huston, Envision CEO. “Our partnership with TELUS and Fincentric has created
the optimal balance of banking system functionality, flexibility,
extensibility and reliable operation while at the same time managing the
cost of technology to Envision.”
TELUS will provide systems integration and consulting services to transition
Envision from multiple banking system providers to a state-of-the-art
technology solution, powered by Fincentric’s i-Wealthview Banking(tm)
platform. TELUS will also support Envision’s technology and information
systems team with a complete suite of banking system management services
ranging from ongoing systems integration and consulting services,
application management and enhancement services, systems operation and
technology management, telecommunication network provisioning and
“This agreement provides TELUS with an opportunity to demonstrate our
ability to deliver a truly integrated solution for Envision’s business
needs,” says Garry Rasmussen, president and CEO of TELUS Enterprise
Fincentric’s i-Wealthview Banking(tm), is a customer-centric front-to-back
office banking system for financial institutions. It offers comprehensive
applications for deposits, payments, and consumer lending with integration
across multiple delivery channels, including, branch, ATM, telephone and
Internet banking. i-Wealthview Banking(tm) features Customer Value
Management(tm) capabilities that enable the institution to analyze the value
of each member, formulate strategies to maximize their value, and improve
retention levels of their membership.
“Envision is a forward-thinking credit union that places the needs of its
membership first. i-Wealthview is a member-centric banking system that will
enable Envision to develop lifetime member relationships,” says Mike
Cardiff, president and CEO of Fincentric. “We are pleased to team with TELUS
to provide Envision with a solution that will enable the credit union to
match its products and services to its members’ needs.”
About Envision Credit Union
Envision Credit Union is a full-service credit union, created in 2001 from
the amalgamation of FIRST Heritage Savings Credit Union and Delta Credit
Union. Envision Credit Union, with over $2 billion in assets and 100,000
members, operates 18 credit union branches and 16 insurance offices
throughout British Columbia’s Lower Mainland and Fraser Valley, as well as
north in Kitimat. The credit union offers a full range of deposit, lending,
and insurance services to individuals and businesses. For more information,
TELUS Corporation (TSE: T, T.A; NYSE: TU) is one of Canada’s leading
telecommunications companies, providing a full range of telecommunications
products and services that connect Canadians to the world. The company is
the leading service provider in Western Canada and provides data, Internet
Protocol, voice and wireless services to Central and Eastern Canada. For
more information about TELUS, visit www.telus.com.
TELUS Enterprise Solutions is the e.business division of TELUS and is a
leading and comprehensive e.business services and Information Technology
(IT) outsourcing services provider.
Fincentric Corporation is a leading global provider of enterprise wealth
management and core banking software. Fincentric’s i-Wealthview(tm) wealth
management software products include ‘next generation’ core banking,
Customer Value Management(tm), data aggregation, Internet and wireless
financial portals and full multi-channel support. Its revolutionary Customer
Value Management(tm) capabilities provide profitability and relationship
analysis that allow financial institutions to recognize the value of each
customer, and maximize their profitability. Fincentric products enable
financial institutions to quickly deploy solutions for their converging
financial service offerings, while also supporting capabilities for
increasing customer profitability, customer acquisition, and retention.
Fincentric has approximately 300 customers worldwide, and has strategic
relationships with Microsoft, Compaq, and other international partners. For
more information, visit Fincentric’s home page at www.fincentric.com, or
call (604) 278-6470.