Experian has promoted Joe Kuntz as Baker Hill’s new president replacing Mark Hill, who is stepping down to pursue philanthropic and business development interests. Kuntz joined Baker Hill in 1993 as a sales executive, spending several years selling to the nation’s top 100 banks before being named vice president of sales in 2001. As a member of the company’s executive management team, he spearheaded the growth initiatives that resulted in the company tripling its annual revenue in the last five years. Baker Hill has been focused on the banking industry, delivering solutions that address business process needs and working as a trusted adviser to its banking clients. Baker Hill understands banking processes, knows how to implement technology to enable those processes and has a long history of client success from which to mine best practices.
ID Data has hired Julie Roughton as Marketing
Communications Executive.ID Data provides a wide range of complete end-to-end card based solutions to financial service organizations, government and retail clients. Customers include Tesco, GE Capital, Nectar, and EDS, plus many banks, building societies, High Street retailers and local authorities. A new card manufacturing facility, based in Poland, has also significantly boosted ID Data’s capacity, from 70 millions cards to over 240 million cards per year. ID Data also owns “CardBASE” the Irish software business that provides sophisticated Card Application Management solutions to major corporate and government clients along with solutions for PKI and e-purse.
After posting a second quarter profit of more than $7 billion, Shell Oil announced it will distribute 200,000 $10 “Shell Gas Cards” in the its “Million Gallon Giveaway” which starts today. The promotion will run through October 1st and will give away more than $2 million in free fuel including six grand prizes of a lifetime supply of free gasoline. The “Giveaway” is part of the $30 million marketing campaign Shell launched in June. Participating Shell stations will hand out scratch-and-win game cards. The sweepstakes is void in Maryland, New Jersey, Virginia and Puerto Rico.
PA-based NCO Group has inked a definitive agreement to be acquired by One Equity Partners and Michael Barrist, Chairman, President and CEO of the Company for $1.26 billion. The price represents a 44% stock premium. Blank Rome acted as legal counsel to NCO and Bass, Berry & Sims acted as legal counsel to the Special Committee. Credit Suisse acted as financial advisor to the Special Committee. Dechert acted as legal counsel for OEP and Cleary Gottlieb Steen & Hamilton acted as legal counsel for Barrist. Morgan Stanley and JPMorgan Chase acted as financial advisors to OEP. The transaction is expected to close in the fourth quarter.
The latest “Personal Credit Index” shows that 64% of consumers say that the rising cost of energy has forced them to cut back on their personal discretionary spending. Seventy-five percent of families with incomes of less than $40,000 a year and 68% of households making $40,000 a year but less than $75,000 annually say they have had to curtail other spending due to the high cost of gas and energy prices. Close to half of families earning $75,000 or more also have cut back on their spending. The Experian-Gallup poll for the second quarter also showed that 16% of families with incomes of less than $40,000 a year and 21% of households making $40,000 a year but less than $75,000 annually say they have increased their credit card spending as a result of the rising energy costs. Only 13% of families earning $75,000 or more have cut increased their credit card use. Overall, 16% of consumers have increased their credit card spending in the second quarter due to rising energy costs.
Siam Commercial Bank has signed a five-year contract with Experian. It is Experian’s sixth financial customer in Thailand.
SCB will implement the Baker Hill “Relationship Lending Suite” to improve the speed, accuracy and consistency of its commercial lending processes. Credit products that will be supported by the project
include business term loans, leases, overdrafts, credit cards,
commercial bills and international products. The Baker Hill “Client Advisor,” “Exception Advisor,” “Portfolio Risk Advisor” and “Bank2Business” solutions underpin the solution being modified for SCB.
Experian acquired Baker Hill in August 2005.
ESI Entertainment Systems has announced that its wholly owned
subsidiary, Citadel Commerce Corp., will pilot its “SecureSwipe”
device with Leisure & Gaming plc. “SecureSwipe” is a point of sale
terminal which enables an end user to swipe a credit or debit card and
enter a PIN to conduct an immediate secure payment from home. A consumer
can transfer “eMoney” into their “myCitadel Wallet” and pay by
physically swiping their credit card at home using an assigned
SecureSwipe pinpad device and electronically signing a receipt. Citadel
Commerce correctly codes the credit card transactions
according to card association regulations and the purchases are approved
because the payments are treated as card-present transactions. Citadel
Commerce is a provider of secure and efficient payment
processing services to the international online gaming industry.
Leisure & Gaming plc is a holding company focused on the interactive
betting and gaming sector.
One of the nation’s top three credit reporting specialists has completed an analysis that shows that blended business and consumer information offer companies a more predictive view of small-business risk. Experian compiled a sample of more than 50,000 small businesses and analyzed the information each quarter over the course of four years. (Experian has a unique database that makes the connection between small- business owners and their home address.) The Experian study determined whether a small-business owner allows his or her personal credit to suffer in order to protect the business or vice versa. Experian also measured and analyzed personal and business credit activities by size of the business or number of employees.
Shell Oil has launched a $30 million marketing campaign that includes giving away 200,000 $10 “Shell Gift Cards.” The new campaign will include advertising, Point-of-Purchase (POP) materials and a “Million Gallon Giveaway” sweepstakes. Online and print advertising will also appear in general interest, lifestyle and automotive outlets such as Yahoo! and Car and Driver magazine. A comprehensive POP program, including pump toppers, column banners, in-store materials, and pole and yard signs will be on display at more than 13,000 Shell stations nationwide.
Experian has hired Scott Wheeler, formerly with Avery Dennison and GE, as CFO of Experian Americas. Prior to joining Experian, Wheeler served as vice president, Finance and Information Systems for Avery Dennison. Wheeler was responsible for developing and implementing global strategic initiatives focused on growth, technology, capital investments and productivity. Previous experience also includes an executive role at GE as CFO and board member of a European joint venture.
Experian is now offering its “VantageScore” to consumers for $5.95. The score, along with interactive tools can help consumers evaluate their credit standing and understand the factors that contribute to their VantageScore. VantageScore was developed as a direct result of market demand for a more consistent and objective approach to credit scoring methodology. Additional features of the site include a score illustrator to learn how potential actions could impact the score, national VantageScore averages and comprehensive educational reports on credit.
Trintech Group has formed a “Healthcare Business Group.” The new unit will assist healthcare providers, payers and financial institutions optimize the “Claim-to-Payment” transaction process, including transaction reconciliation and workflow management of exceptions. Ed Gallo, formerly with NDCHealth, will serve as the SVP of the Healthcare Business Group. Trintech’s product solutions include “ReconNET,” “AssureNET GL,” and “Bank Fee Analysis.”