CardWeb.com’s CardPixes database of more than 7,000 card images today features the Korean Air Skypass Signature Visa. The card is issued by U.S. Bank.
While most segments of the payment card issuing business are saturated with targeted products, there remains a potentially lucrative market segment that has not been fully developed. The “Near Prime” segment represents new card account applicants who live on the border of becoming prime, but they are just not yet there.
The Commerce Trust Company, in conjunction with Commerce Bank, is offering its clients greater flexibility and security for their purchases at international locations by adding the new World Elite MasterCard® product to its private banking card portfolio. The chip-enabled World Elite MasterCard offers private banking clients improved ease of use when travelling internationally, no foreign transaction fees, and enhanced reward options. The World Elite MasterCard has no preset spending limit and provides cardholders with airport lounge club membership, one-day card replacement delivery to U.S. and global destinations* for lost or stolen cards, and a dedicated 24/7 customer service line and enhanced servicing.
Tyfone unveiled its Connected Smart Card (CSC™) solution, allowing users to augment passwords and other user ID information used to access sensitive information. Tyfone’s CSC solution uniquely combines centralized data with local, device validation to strengthen and simplify the centralized storing of passwords, credit card numbers and other digital ID credentials, optimally ensuring security to keep passwords, payment and biometric ID information out of the hands of cybercriminals. Tyfone’s CSC solution operates much like the traditional plastic smart card systems already in widespread use, but has a much smaller physical footprint and uniquely has the ability to connect to any mobile device, tablet or PC. Tyfone’s CSC hardware works with all existing software, smart card applets, password schemes and digital certificates, making it the first truly interoperable solution that secures the device, the identity and the transaction, controlling access to ID information in a unique combination of distributed and local (on device) layers.
MasterCard Worldwide partnered Far Eastern International Bank (FEIB) and National Credit Card Center (NCCC) to launch MasterCard inControl consumer app, letting users control how, when and where a MasterCard account may be used when shopping online. The MasterCard inControl service platform employs cardholder-controlled functions, including Authorization Control, Dynamic Virtual Card Number, and Alert & Notification. The platform will give cardholders the ability to generate a series of virtual card numbers with their preferred purchasing amount limits, based on their various shopping requirements, without worrying about exposing their real card numbers on the internet. It offers Authorization Control; Dynamic Virtual Card Number-a 16-digit virtual credit card number generated by MasterCard inControl system; and Alert/Notification to automatically alert cardholders when the consumption exceeds the amount limit.
Bill.com bill payment, online invoicing and cash flow management solutions for businesses, integrated with NetSuite’s cloud computing platform. Bill.com’s award-winning Cash Flow Command and Control™ System provides NetSuite’s users with a new and easy way to automate their bill pay and workflow online. The ability to pay bills, eliminate redundant data entry, collaborate with vendors, simplify paper management and sync the entire bill payment process with NetSuite enables them to save time and get back to what matters most – their business, not their bills. This reduces wait times, eliminates manual check printing and mailing and allows payment to anyone electronically.
Bill Gates said, “We had to reinvent ourselves entirely as a company at least three times over the years.” Given the annual investment in R & D going on inside Microsoft, imagine what that means for the rest of us trying to innovate and stay viable for the long haul. Where’s our investment in the…
InteliSpend Prepaid Solutions expanded its offerings with the introduction of the company’s Universal Visa Prepaid Card in the Canadian market. This new prepaid card gives Canadian companies and companies with a Canadian presence an easy and memorable way to reward employees, drive sales and deliver effective consumer promotions. The new Universal Visa Prepaid Card is an incentive for reward programs in which maximum redemption choice and international spending power is important. Cards are also available in either preset amounts or as reloadable cards.
With new credit card rules in place the top issuers launched more consumer and business friendly products in 2009. Among the best new card products of the year is a truly “green” card and a debit card with discounts for teens. CardTrak.com has compiled a list of the ten best new cards of 2009. And the winners are: 1. Gconomy Visa; 2. Chase Ink; 3. BofA Basic Visa; 4. Citi Forward; 5. Chase Sapphire; 6. AmEx Gold Premier Rewards; 7. Discover Current; 8. U.S. FlexPerks Visa; 9. Priceline Visa; and 10.BBVA Compass ClearPoints. The “Gconomy Visa” offers points for each purchase, donates a portion of every purchase to a “green” schools program, and rewards households for recycling. The Chase “Ink” card is a new business card portfolio that includes four distinct cards and marks the issuer’s first introduction of a pay-in-full charge card. The “BankAmericard Basic Visa” has simplified rates and terms offering the same APR for purchases, balance transfers and cash advances. The “Citi Forward” credit card lowers the purchase interest rate by a quarter percent when cardholders use credit wisely and rewards them with points has emerged each billing period for paying on time and staying under the credit line has emerged. The Chase “Sapphire” is targeted at the upper 15% of U.S. households in income and offers no preset limit, offers personalized customer service and is linked Chase’s “Ultimate Rewards” program. The American Express “Premier Rewards Gold Card” offers the opportunity to earn triple “Membership Rewards” points on airfare purchases, double points on gas and grocery purchases, and one point for all other purchases. The Discover “Current” card isa debit card for teens that offers members-only in-store coupons and online discounts at hundreds of merchants. U.S. Bank “FlexPerks Travel Rewards” earns double points for spending on gas, groceries or airline purchases – whichever is highest for the customer during the month as well as double points on most cell phone related charges. Barclays launched the “priceline.com Visa” enables cardholders to use their points as soon as they post to the account (typically within two days). Sunbelt-based BBVA Compass introduced the “BBVA Compass ClearPoints” credit card that features clear, simple and transparent terms and conditions, as well as pricing terms that will never change.
For more details visit CardTrak.com.
Chase Card Services has officially introduced its new rewards cards targeted to households with at least $120,000 in annual income. The new affluent “Chase Sapphire” cards have no preset limit, offers personalized customer service and is linked Chaseâs “Ultimate Rewards” program. The card is available as “Sapphire” and for a $95 annual fee as the “Sapphire Preferred.” Both cards offer unrestricted benefits, including no annual spending caps, points that never expire and no travel restrictions or blackout dates on travel reward redemptions. “Sapphire Preferred” offers one-to-one point transfer to airline and hotel programs, points worth 25% more when redeeming for travel online, and a spend bonus of 10,000 points for customers spending $50,000 annually. The new cards are being promoted through an integrated marketing campaign across multiple channels including: television, print, newspaper, online, events, public relations, and direct marketing. Chase is also partnering with the Travel Channel on a multifaceted campaign to promote Chase Sapphire through numerous product integrations in Travel Channelâs signature shows and inclusion in Travel Channelâs new brand campaign â “Catch it.”
TACA Airlines and U.S. Bank have partnered to offer two frequent flyer co-branded credit cards. Besides air mileage the “DISTANCIA Visa” and “DISTANCIA Visa Signature” credit cards offer an excess luggage
redemption discount. “DISTANCIA Visa” awards one mile for every dollar spent while the “DISTANCIA Visa Signature” provides double miles on TACA Airlines purchases; no preset spending limit; 24-hour Concierge Service; hotels, resorts, retail and travel offers; advance ticket sales/preferred seating at popular events; restaurant reviews; and emergency assistance services. To promote the new cards TACA is offering with a chance to win 10 passes to fly free for a year. TACA is in eight major metropolitan areas in the U.S.: Los Angeles, San Francisco, Chicago, Dallas, Houston, New York City (JFK), Washington D.C. (Dulles) and Miami. The airline flies to 40 destinations in 23 countries in North, Central, South America and the Caribbean.
Mobile payment provider Bling Nation has secured $8 million in Series A Funding.
Lead investor Lightspeed Venture Partners has provided $6.3 million
with the remaining $1.7 million raised primarily from Meck, Ltd., which
invested an initial $5.3 million in Bling Nation, and CampVentures.
Bling Nation announced June 22, its first bank customer, Colorado-based
The State Bank. The bank went live on May 21 with the Bling Nationâs
Payments Service, which is marketed as Redi Pay Bling, an alternative to
expensive, traditional payments networks and accompanying rewards
programs. Within three weeks of implementation, the bank had activated
25 percent of its customers on the payments network and opened more
merchant accounts in that span than in the past two years combined.