3PEA International is introducing a new brand of prepaid debit cards. The new PaySign cards will reach into other industries, beyond the Company’s current focus on healthcare-related businesses.
Barclaycard US implemented MetricStream to provide Governance, Risk, and Compliance software solutions. Barclaycard creates customized co-branded credit card programs for some of the nation’s most successful travel, entertainment, retail and financial institutions. MetricStream provides Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal.
Wells Fargo announced that the independent directors of its board appointed Stephen W. Sanger, 65, as lead director effective January 1. Having served as a director since 2003, Sanger previously served as chairman, CEO and director of General Mills, Inc., Minneapolis, Minn., where he utilized his corporate strategy, sales, and marketing skills in leading one of the world’s largest food companies and developing some of its best-known consumer brands. He has extensive corporate governance and executive compensation experience and serves on the governance and audit committees of Pfizer Inc. and on the governance and compensation committees of Target Corporation.
Marvell Semiconductors has deployed the Model N “High Tech Revenue Management” Suite to boost gross margins and market share in an increasingly global and competitive semiconductor marketplace. Marvell is leveraging Model N’s integrated Revenue Management platform to streamline and automate previously manual and error-prone pricing processes; enhance visibility into global demand by tracking direct and channel leads and opportunities through to the end customer; and increase revenue by improving management and control over contractual obligations.
Total measured advertising expenditures in the first nine months of 2009 dropped 14.7%, as compared to the same period in 2008, and was down 15.3% in 3Q/09 versus last year, the sixth consecutive quarter of Y/Y declines. Internet display having increased +7.0% and FSIs having increased +3.9% were the only media types with spending increases for the period, the former of which was propelled by telecom, travel and auto advertisers. This, according to data released by TNS Media Intelligence strategic advertising and marketing information provider, showed year-to-date Cable TV expenditures slipped by 2.9%; Network TV saw YTD spending fall 11.5% and Q3 spending tumble 25.1%; Spot TV expenditures remained depressed having fallen 27.5%; magazines declined -19.7%; newspapers dropped 22.8% and radio fell 22.8% while overall, local media ad spending was down 23.7% through September while national media dropped 10.1%.
Advertising spending for credit card services fell $136.6 million or 6.9% last year. According to preliminary figures released by Nielsen Monitor-Plus, overall advertising last year increased 4.6%. No surprise that Internet advertising led the charge with a robust 35% gain while network radio and local newspapers declined. Spot TV in the Top 100 markets and Spanish language national TV were the leaders in traditional advertising, growing 9% and 8%, respectively. The top advertising product was pharmaceuticals rising $718.9 million or 14.9% last year.
A new poll has found that consumers’ biggest concern is credit card debt and secondly, savings and investments. Although 70% who received a tax refund last year used it for personal spending, this year 47% plan to allocate their refund money to savings accounts and credit card payments. The findings come from the “Consumer Preference Index” poll conducted by Prospectiv. The poll also found that 63% of consumers polled would be very likely or likely to take advantage of online resources such as personal finance-focused Web sites and e-newsletters tailored to their specific interests.
Alliance Data Systems posted a 24% increase in second quarter revenue of $371 million while net income rose 23% to $34.4 million. The growth in revenue was led by marketing services and its Epsilon business unit. Transaction services revenue decreased by 1% to $168.6 million due to a grow-over issue related to a utility services client that declared bankruptcy. Credit Services revenue increased 8% to $130.8 million driven by an acceleration in credit sales growth, improving credit quality and stable funding costs. Marketing services revenue increased 73% to $145.7 million thanks to Epsilon, as well as the “AIR MILES Reward Program.” As a result, ADS increased its 2005 cash earnings per share estimate to $1.92-$1.95, versus the $1.87-$1.90 stated previously. For complete details on Alliance Data Systems’ second quarter performance, visit CardData ([www.carddata.com]).
JPMorgan Chase launched a multi-million dollar national advertising campaign this morning, created by mcgarrybowen of New York, to establish “Chase” as its consumer brand. With the tagline “Your Choice, Your Chase,” the advertisements equate the Chase brand with empowerment and uses popular musical hits to set the tone. Chase is redesigning all of its credit cards to reflect the new Chase brand, including the prominent octagon image, first introduced in 1960. JPMorgan Chase & Co. is a leading global financial services firm, with 94 million credit cards and assets of $1.2 trillion. mcgarrybowen is an independent advertising agency whose client roster includes Verizon, Marriott, JPMorgan Chase, Crayola, InBev, Pfizer, Reebok and Disney.
Gemplus International has launched “SafesITe Enterprise” and “SafesITe Corporate,” two new smart identity management systems for large enterprises and growing corporations based in North America.
The two systems are based-on Gemplus’s global smart card-based identity
management solution suite, “SafesITe,” and combine network and building access control on a single, smart badge for enablement of two-factor authentication and the consolidation of security infrastructures.
Beyond building and network access, “SafesITe Enterprise” also
manages applications for parking, vending, medical, and cafeteria payments.
Gemplus reported shipments of 51 million payment microprocessor cards last year, with revenue up 29% year-on-year. Overall, Gemplus posted revenues in 2004 of $1.12 billion, a 16% gain, with net income of $5.9 million. During 2003, Gemplus lost $207 million. Financial Services revenue was driven by the EMV migration, with a massive roll-out in the UK and ramp-up in France, Turkey, Mexico, South America and Malaysia. On a geographical basis, revenue from the Americas was up 47.9% and Asia 21.9%, currency adjusted, both driven by the Wireless segment. The EMEA region was up 8.3%, led by Financial Services and, to a lesser extent, Wireless. For complete details on Gemplus’ latest results visit CardData ([www.carddata.com]).
Kate Kristensen, VP of Information Services Product Support at Inovant, a VISA Solutions Company, has been named as the recipient of MicroStrategy’s “Individual Excellence in Business Intelligence” award. Ms. Kristensen was recognized at MicroStrategy World 2005 in Las Vegas, Nevada. MicroStrategy is a worldwide leader in the business intelligence software market. Leading Fortune 2000 companies are increasingly integrating MicroStrategy’s business monitoring, reporting, and analysis software into their operations.