CardWeb.com’s CardData database of Company Profiles today features Boku.
The UK’s first supermarket bank has formed a new relationship with Western Union. The agreement also includes making Western Union’s consumer-to-consumer (C2C) money transfer services available in future Sainsbury’s Travel Money bureaux.
Consumer debt in the UK hit a seven-year high during the fourth quarter topping £1.25 billion. Borrowing on credit cards, loans and overdrafts by Brits is now growing at an annual rate of 6.9%.
FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations as part of a new strategic multi-year arrangement. With this, FIS will provide real-time core banking and back-office processing support via an outsourced model on behalf of the Bank. FIS will also deliver transition support as the bank moves its back-office services from Lloyds Banking Group to FIS. FIS’ integrated solutions will support the bank’s deposit, savings, loan and credit cards accounts, and deliver seamless channel integration to enable customers to access their accounts through telephone, internet and mobile devices. The entire operation will be hosted and run by FIS in the UK.
PayPoint plc advises that it will issue its Interim Management Statement for the third quarter period ended 25 December 2011 on Thursday, 26 January 2012. Enquiries: RLM Finsbury: 020 7251 3801 Rollo Head Don Hunter ABOUT PAYPOINT PayPoint is a leading international provider of convenient payments and value added services to major consumer service organisations…
NCR Corporation announced NCR Predictive Services offer for assisted- and self-service technologies is now available for its “RealPOS” terminals. The NCR Predictive Services predicts failures before they happen enabling resolution before a device fails and faster resolution of device issues. Already available on self-checkout devices, NCR Predictive Services drives greater terminal availability in stores at peak times and can save thousands of hours in downtime, improving store productivity and customer experience. NCR Predictive Services works through a software agent on each NCR device, which gathers a wide variety of operational data, which is then analyzed by NCR’s unique business intelligence software and processes that leverage the NCR Services data warehouse, which maintains operational data from more than 2 million consumer points of service and 12 million annual service actions around the world.
Sysrepublic POS loss prevention and systems integration solutions serving the global retail market updated its’ Secure loss prevention software. With this, it offers the ability to integrate traditional POS data sources with additional data sources – such as supply/delivery, inventory, cash office/finance, human resources and CCTV, in an efficient and easy to use user interface. This includes an enhanced active query performance for complex queries on data; simplified and faster performance on application navigation; and customized user role-based “Portals.
Sainsbury’s Finance is launching its credit card with the lowest APR currently available, offering a representative APR of 6.9% on new purchases and balance transfers. With no balance transfer fees, this is the third sub-7% credit card to hit the market in the past four years and currently offers the lowest APR available in the UK. The new card joins the Sainsbury’s Nectar Credit Card (16.94% APR Representative), which offers double Nectar points on Sainsbury’s shopping in-store, online and in petrol filling stations for two years, a 15-month 0% introductory offer on balance transfers (3% fee) and a 6-month 0% introductory offer on purchases.
Sysrepublic POS loss prevention and systems integration solutions serving the global retail market introduced its new query language and product architecture enhancements for its Secure loss prevention software. While a real time query tool to find and investigate critical business issues and suspected fraud has always been a feature of Secure, now customers have access to the most granular level of detail contained within their POS systems. Users now can create and execute highly complex queries that have the capability to join or disregard multiple data elements. These queries can include POS data, as well as other data elements from additional sources within the retailer’s enterprise, such as HR data or delivery data. Queries can be executed while users wait or can be scheduled to run in the background where users may return to view results at a later time.
MBNA has won the “Data Driven Marketing Award” from industry publication ‘Marketing Week’ for its Marketing Optimization campaign. MBNA was given the award for its data analysis, data planning, improved targeting and revenue building within company systems. MBNA UK is a subsidiary of the Bank of America subsidiary and is namely being recognized for its understanding of the shifting financial landscape and the tailored nature of it’s varied credit card deals and offerings. MBNA ensured the success of their marketing optimization by teaming up with SAS business analytics software.
People are more drawn to loyalty card offers than ever before. Credit
card companies not taking advantage of consumer demandproportion of
credit cards offering a reward scheme declined by 11% from the previous
year. In 2009, 54% of cardholders claimed all or a large part of the
rewards they had earned, while in 2008 only 23% had made the effort;
only 10% of Clubcard holders have a Tesco credit card; there are
currently six in-store Tesco bank branches with approximately half a
million customers with savings accounts with a combined savings balance
of GBP4.6 billion and steadily rising, according to an August 2009
report from Sainsbury’s Finance. The initially attractive promise of 12
months interest free credit becomes less appealing when you consider the
sharp rise to 16.9% thereafter. The main purpose of credit cards is to
cover potential emergencies – the prohibitive rates of these store-cards
could cause long-term tragedy.
Research shows 60% of consumers surveyed feel immediate purchasing
rewards are the most important aspect of a promotion, while 39% would be
interested in a price discount and 87% would switch from their usual to
receive a price discount promotion. Consumers are increasingly turning
to voucher code sites, such as VoucherSeeker.co.uk, as a way of saving
money, tapping discount codes, vouchers and promotional codes for money
off products instantly. This acts as an alternative to credit card
reward schemes. Cash back programs rose in popularity from 57% in 2007
and 61% in 2008 while the cash back reward was the most popular type of
rewards program across all age and affluence ranges, according to
research conducted by the TNS Consumer Credit Card Program Study and
Granby Marketing Services. Additional findings show, among those who do
not claim rewards on their credit and loyalty cards, 17% disclosed the
financial value of the rewards was too small, 7% simply could not be
bothered, 3% cited the length of the redemption process and 4% said it
was too difficult to redeem rewards earned.