Survey Finds 63% of Consumers Made Electronic Purchases

A new survey finds that 63% of all consumer purchases are made electronically. The 2008 Study of Consumer Payment Preferences, conducted by BAI and Hitachi Consulting found that electronic payments now account for the majority of payments across all
three major payment venues-including bill payment. Internet payments
have always been predominantly electronic, almost by default. For
in-store payments, the balance between paper and electronic payments
shifted in 2003, leaving bill payment as the last bastion of paper-based
payments. This is no longer the case, however, as paper-based payments’
share of bill payments shrank from 55% in 2005 to 38% in 2008.

Walgreens has Selected Bank of America’s ePayables

Drugstore chain Walgreens has selected Bank of America’s “ePayables” payment management system. “ePayables” is a Bank of America electronic payments and remittance
delivery solution for corporates. It can lower payment processing costs,
reduce risk, and improve productivity for clients by making payments and
delivering remittance data to vendors electronically. The “ePayables” service seamlessly interfaces with Walgreens’ accounts
payable systems and processes with minimal impact on its technology
resources. It also enables Walgreens to cut payment processing costs,
improve cash flow, and earn rebates based on transaction volume.

Horluxe Selected Metavante to Provide CreditWorx

Horluxe will offer the specialized watch lease
program across the United States and use Metavante’s “CreditWorx” platform
to provide an in-store point-of-sale leasing program to consumers.
Metavante offers clients like Horluxe a complete indirect loan
origination solution by combining its CreditWorx technology with
comprehensive services and integrated products like special financing and insurance.

Wachovia Continues to Puruse Agreement with Wells Fargo

Wachovia will continue to pursue its new agreement with Wells Fargo, counter to the court order issued this weekend. Wachovia continues to believe its agreement with Wells Fargo, which
involves no government assistance, is proper and valid. The agreement is in
the best interests of shareholders, employees, creditors and retirees as
well as the American taxpayers, and it imposes no risk to the FDIC fund. Wachovia does not
believe Justice Ramos’ order has any effect on the validity of the Wells
Fargo agreement with Wachovia. However, under that agreement, Citigroup is always free to make a superior offer
to Wachovia.


Consumer electronics retailer Best Buy Canada Chase Card Services Canada have launched “The Best Buy Reward Zone Visa”. The Reward Zone Visa provides customers with the benefits of a Visa credit card, in addition to one reward point for nearly every $1 spent on purchases where Visa is accepted and two points for nearly every $1 spent on purchases at any Canadian Best Buy store or Customers are able to redeem points for reward certificates that can be applied toward future in-store purchases. In addition to earning points, program members will also receive exclusive in-store offers, promotions, pre-sale and entertainment bonuses. Best Buy is Canada’s fastest-growing specialty retailer and e-tailer of consumer electronics, personal computers and entertainment software.

NCR has introduced the RealPOS 70XRT

NCR has introduced the “RealPOS 70XRT” point of sale workstation.The NCR RealPOS 70XRT helps improve customer interactions with advanced
platform technologies that enable retailers to personalize the POS
experience for consumers. High-resolution interactive touch capabilities
and a flexible consumer-facing display system provide a variety of
options for order verification, promotions and loyalty programs. The NCR RealPOS 70XRT helps improve customer interactions with advanced
platform technologies that enable retailers to personalize the POS
experience for consumers. High-resolution interactive touch capabilities
and a flexible consumer-facing display system provide a variety of
options for order verification, promotions and loyalty programs.
The NCR RealPOS 70XRT is designed to improve associate productivity with
user-friendly interaction that is fast, reliable and flexible. With its
intuitive touch screen interface and powerful multimedia capabilities,
the NCR RealPOS 70XRT can run the latest POS, back-office and training
software applications to improve efficiency and empower employees.

Global Payments 3Q/08 Revenues Rise 30%

Global Payments reported third quarter revenues grew 30% to $405.8 million compared to $311.0 million in the prior year. GPN says that based on current performance, annual revenue is
predicted to rise $1,680 million this fiscal year. During the first quarter, the company began assessing its operating
performance using a new segment structure. The segments are now defined as North America Merchant Services, International Merchant Services, and Money Transfer. The company made this change as a result of its June 30, 2008 completion of a joint venture with HSBC in the United Kingdom, in addition to anticipated future international expansion. For more
details on Global Payments’ third quarter results visit CardData ([]( (CF Library 6/18/08; 6/17/08; 6/26/08; 6/25/08; 6/16/08; 7/25/08)

2Q/07: $280.1mm
3Q/07: $311.0mm
4Q/07: $308.8mm
1Q/08: $310.6mm
2Q/08: $343.8mm
3Q/08: $405.8mm
Source: CardData (

TSYS Healthcare Rolled-Out My Care Card

TSYS Healthcare has partnered with GA-based Paragon
Benefits and rolled-out the “My Care Card” benefit payment processing.
The “My Care Card”
provides subscribers with the ability to pay from up to 50 funding
sources on one card and includes Flexible Spending Accounts (FSA),
Health Reimbursement Accounts (HRA), Health Savings Accounts (HSA),
credit and cash accounts. Paragon Benefits is a
wholly owned subsidiary of the Georgia Bankers Association Insurance
Trust, Inc. TSYS Healthcare is a founding
member of the Special Interest Group for IIAS Standards (SIGIS), formed
in 2007 to enable real-time, auto-substantiation for eligible medical
items purchased with a FSA/HRA payment card.

VeriFone Released Vx 700 Payment Module

VeriFone Holdings has released the “Vx 700” electronic payments module for kiosks, vending machines, ticketing devices and traditional cash based systems. The “Vx 700” is well-suited to applications such as parking payment machines that utilize low-power modes when idle, but must power up quickly when a customer is ready to use them. For vending applications,
the “Vx 700” is designed to meet both EVA and NAMA size specifications for maxi bill acceptors common to most machines deployed today. The entire device, including keypad and high-resolution display, is built to fit into standard bill acceptor cutouts making it simple to extend support for magnetic stripe, chip cards and contactless payments into traditional cash-only kiosks, ticketing and vending machines.

Discover Makes the 2008 InformationWeek 500 List for the Third Year

For the third year, Discover Financial Services makes the “2008 InformationWeek 500” list of the most innovative users of information technology. The company ranked No. 144 overall on the annual list. InformationWeek recognized Discover for its technology success with two projects: creating the technology behind the new Discover “Motiva” Card and testing the viability of mobile banking.

Zebra Technologies to Provide Vail Resorts UHF Printer & Cards

Printer supplier Zebra Technologies announced that CO-based Vail Resorts has selected the “P330i UHF RFID” card printer/encoders and UHF cards to create RFID-enabled ID cards. The new system is
designed to provide instant authentication of lift pass holders at the company’s ski resorts. Vail Resorts will use handheld RF scanners to detect lift passes through skiers’ coats. The new RFID-enabled system consists of a Zebra Gen 2 RFID card and Zebra P330i passive UHF RFID card printer. The EPC Gen 2 cards used by Vail Resorts include a chip featuring strong sensitivity and a “Unique ID” serial number that cannot be changed or duplicated, thus protecting against
forging or cloning of ski lift passes.