eGlobal has acquired the assets of The Best There Is Inc. (T.B.T.I.). T.B.T.I. provides ATM services to a number of large hospitality properties around the country. This transaction was signed and closed on May 5, 2014. eGlobal delivers specialized ATM solutions to merchants, distributor partners and financial institutions, enabling and enhancing services they provide to their customers. eGlobal consults with hospitality clients on optimal ATM placement for every location, depending on property type, seasonality and traffic-flow patterns.
eGlobal announced a contract renewal with BJ’s Wholesale Club, its sole provider of ATM services. Adding a long-term contract extension to a relationship started in 2009, eGlobal, a leading supplier of full-service ATM solutions, will continue to own and operate more than 200 ATMs located in BJ’s Clubs.This program will continue to offer an important service to BJ’s Members, and also create a compelling opportunity for banks and credit unions to participate in eGlobal’s ATM Branding Program. Utilizing this program, financial institutions experience increased brand awareness, market reach, and surcharge-free transactions for their account holders at BJ’s Club locations.
Ingenico expanded its bankcard team with the addition of Rhonda Boardman as VP, Bankcard Sales, Western U.S. Boardman is a senior sales executive with over 20 years of experience in the electronic payments industry gained with TSYS and a global POS manufacturer where she was responsible for driving product and solutions strategies for Point of Service initiatives throughout the organization. Meanwhile, Alan Forgione joined Ingenico as VP, Bankcard Sales, Eastern U.S., bringing with him over 27 years’ experience. Most recently with ACI Worldwide, where he was in charge of sales of frontend, backend and risk management software solutions to acquirers. His other employers include companies, such as United Cash Solutions where he served as President for United Bank Card, and CardSystems. Also, Forgione has served as President of Northeast Acquirers Association for over 10 years.
Upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15. The cards, of which there are 23 million in the UK, give customers a fast and easy-to-use alternative to cash when making low-value payments in participating stores, and at vending machines, festivals and other events. Contactless…
InfoVista service performance assurance will introduce its new unified solution for cloud service assurance at TM Forum Management World in Dublin. Extending its flagship VistaInsight for Networks and VistaFoundation to support cloud-based technologies, InfoVista’s best-of-breed carrier grade performance assurance platform offers end-to-end performance assurance, visibility and reporting for Infrastructure as a Service (IaaS) and other private or public cloud-based applications and services. InfoVista’s solution provides comprehensive support for all virtualization technologies, including the Virtual Computing Environment coalition Vblock infrastructure packages, a collaborative development of Cisco, EMC, and VMware in concert with their vendor ecosystems that integrates virtualization, networking, compute, storage, security, and management technologies, accelerating the service provider’s time to market for launching cloud services.
American Express is inviting its Cardmembers to go behind the scenes during the 2010 US Open and see what it is like for fast-rising tennis stars in training through its latest website, NextContenders.com. With this, the network is also bringing back Radio Live, allowing fans to listen to play-by-play commentary and match updates on CBS, ESPN2 and the Tennis Channel while they watch the action live from the courts. Additional features include the official US Open iPhone application; USOpen.org Radio internet radio broadcast, Presented by American Express; US Open Guest Information hosted by American Express to help attendees make the most of their experience at the tournament and stay in the know about all of the exciting activities surrounding them; the American Express Concierge Booth, exclusively for Cardmembers; and Madison Square Park US Open Viewing hosted by ZYNC from American Express.
Wells Fargo has made available Enhanced Identity Theft Protection to offer an easy way to monitor credit for identity theft. The enhanced service includes monthly triple credit bureau reports and scores, online calculators, credit score tracker and credit score alerts and is available through Wells Fargo Insurance and provided by Trilegiant Corporation. The enhanced identity theft service offers online âCredit Score Simulatorâ that lets customers see how a credit score changes if they decide to reduce debt on credit cards, refinance a loan, apply for a credit card or consolidate debt into a new account. Filling in the different situations and then running the scenario gives an online picture of how financial decisions are tied to credit scores.
American Express has selected the winner of the Members Project online initiative. The winning project,
âAlzheimerâs Disease: Early Detection Mattersâ was awarded $1.5 million after it received
the highest number of Cardmember votes. Based on Cardmember
votes, American Express will give the additional finalist projects a
total of $1 million in funding that will positively impact millions of
lives around the world, in the areas of education, microfinance, hunger
and malnutrition. Since July, Cardmembers have come together to make their voices heard
about which projects they believe can help change the world, using
photos, videos and social networking tools such as widgets and banners
for sites such as Facebook and MySpace. Participants rallied their own
personal networks to get behind the projects that meant the most to
them, and whether a Cardmember or not, everyone was invited to
participate by commenting on and generating support for their favorite
The Vesdia Corporation loyalty marketing and merchant network service
has appointed Melanie Wernick VP of interactive marketing bringing with
her more than 15 years of expertise. In her new role, Wernick will be
responsible for all interactive assets of the organization with
particular emphasis on enhancing the consumer shopping portals, driving
additional development of Vesdiaâs online shopping mall and electronic
marketing activities. Most recently VP of Sales and Marketing at
PRIMEDIA, Wermick was directly responsible for the management of
marketing initiatives to increase interactive revenue after having
served in business development, channel development and marketing for
MindSpring internet service provider. Vesdiaâs loyalty solutions create
marketplace differentiation for financial institutions, affinity groups
and merchants using customer loyalty programs.
Wells Fargo is now servicing small businesses with its “Foreign Exchange Online Service” designed to send and receive international currency via the Internet. The service allows businesses to send and receive foreign currency wires in more than 90 currencies. A number of other international Wells Fargo business services are available, including the ability to order foreign currency online, insights from a new international “Money Tips Database” that includes currency information and travel tips for 60 countries and access to a new “Foreign Trade Glossary” to help small business owners understand commonly used international trading terms. Wells Fargo & Company is a diversified financial services company with $575 billion in assets.
Contactless payment cards for mass transit are poised for rapid growth over the next year. A new report projects that the number of closed loop contactless transit cards will grow from 226 million this year to more than 246 million next year. Boston-based Mercator says its research shows that the top 20 global transit markets account for $37 billion in annual revenues. The research firm also says the roll-out of NFC-based handsets and the increasing use of multi-application smart cards are also factors in capturing the transit market. Another recent report from Celent revealed that growth in contactless cards in Japan has largely been driven by Tokyo’s RFID train pass. The study found that the most popular train passes are “Suica” and “PASMO,” which is currently available in Tokyo. “Suica” is a train pass distributed in 2000 by Japan Railway East, while “PASMO” was distributed by the private railways in 2007.
TNB Card Services has acquired the portfolios of Grafton Suburban CU of Massachusetts, Independent FCU of Indiana, Western Cooperative CUof North Dakota, County Schools FCU of California, and Eastern Maine Medical Center FCU of Maine. This series of purchases moved more than $8.4 million in outstanding balances and nearly 8,800 card accounts under TNB’s ownership. Grafton Suburban CU has 12,000 members and assets of $102 million. Independent FCU has 16,000 members and $77 million in assets. Western Cooperative CU has 19,000 members and assets of $135 million. County Schools FCU has 7,500 members and assets of $40 million. Eastern Maine Medical Center FCU has 6,000 members and $34 million in assets.