Moneris Launches mPayment Processing

Moneris Solutions card processor launched its “e-Select plus” Mobile App. Giving merchants the ability to accept credit card payments using their smartphones and capture sales on the go, the new offering lets them obtain real-time authorization, send email receipts to customers, and generate reports on transaction history through their mobile devices. The bundled card reader accessory plugs into the audio port of the smartphone, allowing credit cards to be swiped for ease-of-use. The Mobile App extends the capabilities of the e-Select plus platform, offering merchants additional convenience and security.

ADS and Charming Shoppes Ink a Store Card Deal

Charming Shoppes has signed a deal to sell its private label credit card receivables to Alliance Data Systems. The two companies also signed a ten-year operating agreement for the servicing of the Charming Shoppes’ cards. The deal covers the operation of the Lane Bryant, Fashion Bug and Catherines credit card programs. Charming operates its private label credit card program in-house. There are currently 4.5 million active accounts generating $680 million in annual sales volume and carrying $500 million in outstandings. Charming says the cards represent 32% of its retail stores nets sales for the trailing 12 months. Charming operates women’s apparel brands including Lane Bryant, Lane Bryant Outlet, Fashion Bug and Catherines Plus Sizes, and posts annual sales of more than $2 billion with 2,258 retail stores nationwide. Gross proceeds from the transaction are estimated at $140 million with $110 million net to Charming. ADS plans to maintain and operate Charming Shoppes’ existing Milford, OH card support facility. The deal is expected to close by the end of the year.

ADS to Issue the Orchard Brands Card

Alliance Data loyalty and marketing solutions and Orchard Brands, a multi-channel apparel marketer have signed long term private label credit agreements. The private label credit services will be afforded specialty catalog brands, for which Alliance Data will provide a integrated credit services for catalog channels, online channels, receivables funding, card authorization, card issuance, statement generation, marketing services, remittance processing and customer service functions. Orchard Brands is a Golden Gate Capital portfolio company with over $1 billion in revenues.

ADS Buys Crosstown Traders Portfolio

PA-based Charming Shoppes has agreed to sell a portion of its credit card portfolio to Alliance Data Systems for $40 million in cash. The sale is part of a deal to sell its TX-based misses apparel catalog business, collectively known as Crosstown Traders to Orchard Brands for $35 million in cash. The Company also announced that it will initiate a process to explore the sale of its Figi’s Gifts in Good Taste catalog business, based in Wisconsin.

3PEA International Inks a Major Prepaid Card Deal

Payment solution company 3PEA International announced it has signed a three year agreement with Monterey County Bank for card issuance sponsorship and has commenced issuance of over three million six hundred thousand prepaid debit cards. Under the agreement, Monterey County Bank will be the issuing bank for select 3PEA International prepaid card programs running on various networks including NYCE and Pulse. 3PEA will work closely with MCB on the implementation of existing, and the development of future card programs. 3PEA is providing issuing services utilizing a 3PEA BIN, 3PEA card management system and data processing services for multiple prepaid card programs, including several in the Pharmaceutical industry. 3PEA International is a transaction-based solutions provider.

3PEA & MCB

3PEA International Inc has signed a 3-year card issuance sponsorship
agreement with Monterey County Bank (MCB) to provide 3,600,000
debit cards. MCB will be the issuing bank for the prepaid cards, which
will be running on multiple networks including NYCE and Pulse. This
will provide 3PEA with an opportunity to further penetrate the prepaid
card market, in addition to its 3PEA “BIN”, 3PEA card management
system and data processing services for prepaid card programs. The
company is also developing prepaid gift cards, spend cards, healthcare
cards programs, payroll solutions, and other specialized prepaid debit
card programs with other institutions.

BB&T Pilots VISA Contactless Check Cards

BB&T has launched a pilot program to issue “VISA Check Cards” with the Contactless feature to select clients in Georgia, Florida, Maryland, Virginia and Washington, D.C. A chip in the card sends the payment information to the reader, which will indicate when the transaction is complete, eliminating the need to hand the card to a cashier. Cardholders receive the same security protections provided on thetraditional “BB&T Check Card,” including BB&T’s “Zero Liability” protection, three-digit security code (CVV) and fraud monitoring. BB&T Corporation holds $121.4 billion in assets and is the nation’s 11th largest financial holding company.

Mortgaged Consumers Have Higher Scores

A nationwide study shows that consumers with mortgages have an average credit score that is 55 points higher than consumers without a mortgage. The report from Experian Consumer Direct also shows the percentage of consumers with open second mortgages has increased 63% from 2001. The research showed that the average debt for consumers without a mortgage averaged $4,565 compared to consumers with a mortgage of $24,565. Average debt among consumers with a second mortgage averaged $42,511. Experian’s study was compiled using the “PLUS Score” and “National Score Index,” which is based on a nationwide sampling of 3 million consumer credit profiles.

GCA Signs Columbia Sussex Casinos

Global Cash Access has signed a multi-year agreement with Columbia Sussex Corporation and its nine gaming establishments to utilize GCA’s “QuikCash” cash advance terminals. GCA offers a number of products and services, including ATM technology, cashless gaming products and marketing services that help casino patrons access cash and help gaming establishments better understand their patrons, and enhance their patron marketing activities. QuikCash(TM) cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with POS debit card and credit card cash advance transaction options. Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.

GCA Signs 10 Casinos for Cash Plus ATMs

Las Vegas-based Global Cash Acces has signed contracts to serve ten gaming establishments with its “Casino Cash Plus 3-in-1” ATM and “3-in-1 Enabled QuikJack Plus”. GCA offers a number of products and services, including ATM technology, cashless gaming products and marketing services that help casino patrons access cash, help gaming establishments better understand their patrons, and enhance gaming establishments’ patron marketing activities. Las Vegas-based Global Cash Access, Inc., a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean.

GCA Signs 50+ Gaming Establishments

Global Cash Access has recently inked more than 50 gaming establishments for its “Casino Cash Plus 3-in-1” ATM, “QuikCash” cash advance terminals and “Central Credit” check warranty services. QuikCash cash advance terminals are customer-activated, touch screen terminals that provide casino patrons with POS debit card and credit card cash advance transaction options. Available in kiosk, countertop, wall-mount, free-standing and handheld models, QuikCash terminals can be installed virtually anywhere in a gaming establishment. Central Credit check warranty service is a service through which payment on certain types of patron checks is warranted, which allows casinos to eliminate the risk of nonpayment on such checks.

United VISA Introduces a New Currency

United Airlines and Chase have changed the “Mileage Plus VISA” program by switching from awarding miles for card usage to earning a new form of currency called “Choices.” Under the new program cardholders have five new awards, including: flights booked on united.com with no capacity restrictions or blackout dates; hotel stays booked on united.com; car rentals booked on united.com; an annual subscription for access to United’s “Economy Plus” seating; and credit towards Elite status. When purchasing free air tickets the amount of “Choices” needed is based on the price of the ticket rather than the traditional set redemption amounts. Cardholders purchase their air tickets, hotel stay or card rentals and then receive a statement credit using “Choices.” In addition to “Choices,” cardholders can now use redeemable miles to receive a credit for their “Mileage Plus VISA” annual fee or redeem for products from the “Mileage Plus” online rewards catalog. The United “Mileage Plus” program was launched 25 years ago and has nearly 48 million enrolled members.