The One Fuelcard Card is exploding in the U.K. The One Fuelcard offers access to the largest fixed price fuel network in the whole of the UK (50% of UK filling stations). It also covers all Shell sites and all Esso stations, as well as all Topaz, Total, Texaco and Gleaner facilities.
Rent payments via mobile devices continues to pick up steam for convenience as well as reporting each on-time rent payment to major credit bureaus. Missouri’s FasterHouse is the latest to jump on the RentTrack bandwagon.
Discover has inked provider agreements with SquareTrade consumer-focused warranty provider. The agreement allows Discover to offer its cardmembers SquareTradeâs unique service warranty to protect electronics and appliances wherever they shop in the U.S. with their Discover card. The agreement offers Discover cardmembers a warranty service that they can research and purchase directly from Discoverâs website. SquareTrade is known for transforming the warranty industry with fair prices, a no-hassle, five-day service guarantee and online warranty management tools unmatched in the service industry.
M2M wireless data network provider Velocita Wireless steps up support for
Mobitex-enabled wireless Point of Sale (POS) terminals with free software
upgrade. Additionally, Velocita will offer credit card transactions on the
Lipman Nurit 8000 that are
data-in-motion compliant with PCI and DSP guidelines to be enforced in
July 2010. The RIM 950 and 957 terminals Velocita supplies are already
software compliant. Customers who are using the Lipman Nurit 8000 terminals on the Mobitex
network can upgrade their software for PCI compliance by contacting
Velocita Wireless for assistance in a seamless transition to
a certified solution.
Capital One Financial Corporation has launched the “Venture” premium travel rewards
credit card. Offering double miles on every purchase without typical
restrictions, “Venture” allows cardholders maximum flexibility when redeeming rewards.
Customers simply make their travel purchase using their Capital One “Venture” card, then call Capital One or
go online to reimburse the charge with miles. The cost of the
transaction is refunded on the next statement. A simple formula makes it
easy to determine how many miles are needed to redeem rewards:
cardholders multiply the cost of the purchase by 100. As with all other Capital One cards, there
are no foreign transaction fees. Additionally, the “Venture” premium travel rewards
credit card allows cardholders to earn 2 miles per dollar on all net purchases; rewards
that donât expire; no limit on how many miles you can accumulate; no
special spending categories; and no separate rewards enrollment requirements.
It also offers 10,000 bonus miles when $1,000 is spent in the first three months;
compatibility with any airline with no blackout dates; and travel purchase
Capital One Bank has introduced a free checking account awards program that enables to earn miles automatically for checking account transactions including debit card purchases, online bill payments, and other withdrawals. The new “Capital One Rewards Checking” awards customers with 1,000 miles for opening an account and 4,000 miles when they set up direct deposit.The “No Hassle Rewards” program allows customers to accumulate miles that can be used toward six different redemption options including airline tickets, cash, brand-name merchandise, store gift certificates, experiential rewards, and charitable donations. Customers can redeem rewards starting at 10,000 miles either online or by speaking to a customer service representative.
S1 subsidiary, Postillion, will be providing Liquix with payment processing
software. This Postillion solution will allow the Liquix customers to
their reloads automatically though either setting a certain date each
every time the balance falls below a certain figure. Liquix customers for
whom the company processes payments and top-up requests include
telecom operators such as BASE and network operators such as Ayyildiz
and Simyo. Liquix is also responsible for providing prepaid electricity and
gas top-up payment services for Essent energy provider. A subsidiary of S1,
Postillion provides self-service banking and payment processing solutions
in over 50 countries. S1 employs 1,400 around the world and has more than
Postilion has announced that Liquix will be using the company’s payment
processing engine for payments processing. Liquix currently provides
solutions for prepaid top-up payments, SMS reloads, interactive voice
response (IVR) systems, point-of-sale (POS) terminals and processes
payments and top-up requests for nearly 12 different organizations. These
organizations include telecom operators such as BASE in Belgium and
mobile virtual network operators like Ayyildiz and Simyo. The company
also provides gas top-up payment services for Essent, a Dutch household
energy provider. Liquix chose Postilion for its proven performance and
capability to apply prepay and top-up service. Liquix specializes in prepay
reloads, payment services and personal value storage systems such as gift
cards. Postilion is a division of S1 Corporation and a leading provider of
integrated solutions for self-service banking and payment processing. S1
employs 1,400 people in operations throughout the world and more than
3,000 customers use S1 software solutions.
Capital One has launched a cash-back credit card building on its popular “No Hassle Rewards” product line. The new “No Hassle Cash Rewards” card offers one percent cash back on all purchases, plus a 25% annual bonus on the total cash back earned. The card has no rewards expiration date, no minimum cash redemption levels, no limit to earning amounts, no spending minimums and customers can redeem for cash, statement credit, or gift card at any time. Cap One had U.S. managed card outstandings of $53.6 billion for 4Q/06 and 37.6 million accounts as of December 31st, according to CardData ([www.carddata.com]).
A Redwood City, CA firm has introduced an authentication solution that does not require an enrollment process and an “out of wallet question/answer challenge” approach. Business Signatures says its nomaly “Detection with Real-Time Customer Notifications” solution has been deemed consistent with FFIEC guidance. The solution is based on the Company’s “Real-Time e-Fraud Detector” and “e-FraudMart” products. The solution identifies anomalies in online account access or behavior patterns in real time, based on server streams or server logs; notifies the customer in real time using an outbound call or messaging, giving the customer the opportunity to approve or deny the suspicious pattern through an automated system; provides offline reversal or suspension of suspicious transactions and can also support risk based authentication; and works with any Web application.
Capital One’s high profile “No Hassle” advertising campaign has produced a lawsuit by the Minnesota Attorney General. The suit, filed last week, alleges that Cap One’s description of its “fixed” interest rates are false, deceptive and misleading. The lawsuit says that consumers inquiring about a “fixed” rate are told that “Unlike most credit card companies, Capital One’s fixed rate is not variable and will not go up and down as interest rates change.” Only if a consumer “probes” does Capital One concede that it cannot guarantee that its rates will stay the same forever. The suit also offered examples of TV ads and direct mail offers promoting “fixed” interest rates. The suit seeks injunctive relief prohibiting Cap One’s alleged false, deceptive and misleading conduct and civil penalties.
Miami-based GlobeTel Communications has inked a MOU with the largest VISA credit and debit card issuer in the Philippines. GTEL will interface with Equitable Cards Network’s systems to issue prepaid cards to remittance recipients and issue prepaid “VISA Electron” debit cards to its cardholders. The card, the “ECN E-card XP,” will allow free withdrawals from 400 Equitable ATMs, and access to 5,000 Megalink and BancNet local ATMs. ECN is also the only issuer of American Express credit cards in the Philippines.