The artwork of high school students Traeveon Reese and Martha Estrada will soon appear in the wallets of thousands of debit cardholders in north Texas. The aspiring artists’ designs are being featured on the new Spirit Debit Reward cards, offered by Texas Trust Credit Union.
EastPay’s Information Interchange 2012 is a conference that provides attendees with the strategies to maximize business efficiencies, improve payment processes, reduce risk, and increase client satisfaction. To be held February 26 – 28 at the Wyndham Orlando Resort in Orlando, this payments industry conference targets payments professionals from financial institutions as well as corporations and government entities. Sponsored by ACH Alert, Digital Transactions, Federal Reserve Financial Services, and NACHA, the Conference will focus on Operations and Technology, Risk and Compliance, and Treasury Management.
MasterCard Worldwide introduced its ‘Eat, Drink and Be Generous’ campaign dedicated to making every penny count in the fight against cancer to raise funds for research supported by the Stand Up To Cancer (SU2C) charitable initiative. Every time cardholders use their MasterCard cards when dining out from now through September 1st, MasterCard will make a penny donation on each transaction, up to $4 million total, to SU2C. Qualifying purchases include a cup of coffee or a quick meal to ordering take out and fine dining. The program works to accelerate the pace of groundbreaking collaborative research in order to bring new cancer treatments to patients quickly and save lives, for which online and in-restaurant materials, web banner ads, statement inserts and ATM messaging through MasterCard bank partners will help raise awareness and promote.
Focusing on educating thebenefits of open bank card payments and smart card-based ID and transit applications and NFC in transit for the upcoming year, the Smart Card Alliance Transportation Council announced its 2011/2012 officers and steering committee. The new 2011/2012 Transportation Council officers include Chair – Craig Roberts, Utah Transit Authority; Vice chair, transit – Gerald Kane, Southeastern Pennsylvania Transportation Authority (SEPTA); Vice chair, parking – Peter Burrows, Parkeon; and Vice chair, transit – Mike Nash, ACS, A Xerox Company.
HR outsourcing provider Ceridian has named Albert J. Bart, previously
with Sherrard & Roe, as senior vice president and associate general
counsel. He will be responsible for
representing Ceridian in corporate, financing and other commercial
transactions.Bart was formerly a partner at the Nashville law firm
Sherrard & Roe, PLC, where he practiced in its corporate, securities,
and M&A groups. Previously, Bart was a partner in the Nashville firm of
Stokes, Bartholomew, Evan, and Petree, P.A. (now Adams and Reese LLP).
Bart holds a bachelorâs degree from Vanderbilt University and a
doctorate of jurisprudence, cum laude, from the University of Tennessee
College of Law. He was recognized by his peers in Nashville Business
Journalâs âBest of the Barâ for both 2007 and 2008 and has been named a
âRising Starâ by Mid-South Super Lawyers.
MN-based Ceridian has promoted Michael Sheridan to EVP, general counsel and secretary. Sheridan was formerly general counsel of Comdata and its subsidiaries, including Stored Value Solutions, for the past 11 years. Sheridan also served as Comdata’s associate general counsel from 1991 to June 1996. Sheridan holds a B.A. from Vanderbilt University and received his J.D. from the University of Tennessee College of Law.
Motorola Ventures and HID Global have joined INSIDE Contactless’
list of investors in support of NFC mobile commerce. With investment from
Motorola Ventures and HID Global, INSIDE Contactless can focus on the
development of NFC product lines and product line roll-out. Other
companies with vested interest in the INSIDE project include Sofinnova
Partners, Vertex Management, Vertex Ventures, Siparex, GIMV, EuroUS
Venture, Granite Global Ventures, Visa Ventures and Nokia Ventures.
INSIDE Contactless provides NFC solutions under more than 55 patents,
35 million MicroPass intelligent payment platforms(awarded the 2007
Sesames “Best Hardware”) with the help of more than 25 partners.
Motorola had sales of $42.8 billion in 2006 while HID Global operates
international offices supporting secure identity solutions in over 100
Motorola has made an equity investment in ViVOtech, a contactless and mobile phone payment specialist . ViVOtech has more than 330,000 units deployed in 27 countries. ViVOtech’s investors include First Data, NCR, Nokia, Alloy Ventures, Draper Fisher Jurvetson, DFJ Gotham Ventures, Miven Venture Partners, and an undisclosed Fortune 500 company. In August, ViVOtech picked up NCR as a new investor as it raised more than $22 million in its third round of funding. ViVOtech recently announced that its “ViVOpay 5000” contactless payment reader is ready for use with “Visa payWave” programs in Canada, CEMEA, Europe, and Latin America. (CF Library 8/7/07)
The FTC has agreed to settle charges against CAMCO’s defendant Joshua Rausch for threatening and harassing consumers to get them to pay old, unenforceable debts. Under the settlement, Rausch is prohibited from engaging in debt collection activities or assisting others engaged in debt collection activities. Rausch was among several individual and corporate defendants, including Capital Acquisitions and Management Corp. (CAMCO), charged with violations of the Federal Trade Commission Act and the Fair Debt Collection Practices Act. CAMCO, which was permanently closed by the court-appointed receiver in December 2004, was a “debt buyer” – a company that buys old debts well past the statute of limitations and attempts to collect them.
IQPC’s “Contactless Payment Summit” is being held January 29th through January 31st in Miami Lakes, FL. It will feature the keynote address given by author David Evans. The conference will also feature Randy Vanderhoof, Executive Director for Smart Card Alliance, discussing the contactless payments phenomenon and the drivers in the industry. Other contactless payment industry experts speaking at the summit include: Peter Ho Vice President, Wells Fargo Card Services; James Diezemann, Vice President, Business Development, Mastercard Worldwide; Dana Klaboe, Director Merchant Marketing and Development, American Express; Rick Reese, Vice President of Architecture, Discover Financial; Niki Manby, Senior Vice President, VISA USA Product Innovation; and Alif Khawand Director, NFC Center of Excellence Technology Team, Motorola.
Capital Acquisitions and Management Corp. a/k/a CAMCO has agreed to pay $1 million to settle FTC charges of unfair and deceptive debt collection practices. The settlement also contains certain record keeping and bookkeeping provisions to allow the agency to monitor compliance with its order. This stipulated final order is for settlement purposes only and does not constitute an admission by the defendant of a law violation. A stipulated final order requires approval by the court and has the force of law when signed by the judge.
House in a Box and Relay Capital have teamed to issue debit cards and stored value cards to HIB members. Starting January 2006, Relay Capital will begin distribution of the debit and stored value cards. HIB has already launched membership marketing of the Relay Capital program. Relay Capital Corporation develops and markets a wide range of financial services, including pre-paid stored value cards, reward cards, employee payroll cards, gift, retail and affinity group cards, travel cards and fund transfer cards.