First Hawaiian Bank has introduced its “Priority+ CashPoints” point accelerator program, allowing account holders to earn Priority Reward “CashPoints” up to 5x faster. Redeemable for travel awards on any airline, gift cards, cash rebates, and various other retail goods, First Hawaiian Bank offers “CashPoints” benefits through its partnership with over 130 local businesses throughout Hawaii to reward up to 5 CashPoints for every $1 spent in purchases. First Hawaiian Bank has assets of $12.75 billion and 58 branches throughout Hawaii, three on Guam and two on Saipan.
Pacifica Group has agreed to partner with First Hawaiian Bank to expand its “Priority Rewards Program.” All First Hawaiian Bank customers that have a Priority Rewards debit or credit card will earn bonus points when they shop at hundreds of local retailers and restaurants. Currently cardholders earn 1 point per dollar when using First Hawaiian’s Priority Reward credit card and 1 point per two dollars when using the bank’s Priority Rewards debit card. Points can be redeemed for air travel with no blackout dates, gift cards from local and national merchants as well as cash awards. First Hawaiian Bank holds assets of $12.5 billion.
First Hawaiian Bank has begun issuing the “Priority Rewards MasterCard PayPass” debit card with cards provided by Giesecke & Devrient and powered by INSIDE Contactless’ “MicroPass”. G&D has delivered the contactless debit cards, as well as traditional magnetic stripe credit and debit cards, for First Hawaiian Bank card programs. G&D has supplied over 10 million contactless payment cards to U.S. banks and anticipates significant growth in this area for 2008. First Hawaiian Bank holds $12.5 billion assets and is Hawaii’s oldest and largest bank.
First Hawaiian bank is issuing its “Priority Rewards MasterCard PayPass”
debit cards provided by Giesecke & Devrient (G&D). Furthermore, these
new cards are powered by INSIDE Contactless’ MicroPass hardware,
which allows users to conduct transactions by tapping the card against the
terminal, providing speed and convenience. The German-based G&D has
supplied over 10 million contactless payment cards to U.S. banks and
employs nearly 8,300 with an annual revenue of EUR1.3 billion while
INSIDE Contactless provides NFC, contactless payments, and access
control services around the world with its 55 granted patents and 35
MicroPass payment platforms delivered between 2005-2007. Hawaiian
Bank has $12.5 billion in assets, 58 branches in Hawaii, three on Guam and
two on Saipan while the MasterCard PayPass is accepted by more than
73,000 merchants around the world.
Bank of the West and First Hawaiian Bank, subsidiaries of BancWest Corporation, have renewed and expanded their relationship with First Data. First Data Debit Services will begin providing PIN and ATM driving services for Bank of the West’s 1.2 million cardholders. FDDS will continue to provide signature debit processing and network access for Bank of the West. First Hawaiian renewed its network agreement with First Data and will begin to utilize First Data Debit Services for PIN processing and ATM terminal driving services for its 750,000 U.S. cardholders. Both Bank of the West and First Hawaiian Bank have chosen First Data’s “STAR Network” as their primary EFT network.
Wells Fargo Card Services and Wells Fargo Financial Bank reported second quarter outstandings of $11.1 billion, a 21% increase over the same period one-year ago. Second quarter volume for Wells Fargo Financial Bank soared by 86% to nearly $1 billion. Volume rose 20% for Wells Fargo Card Services to $5.8 billion. At the end of the second quarter, Wells Fargo Financial Bank had 852,995 active accounts. Wells Fargo Card Services had 3,886,210 active accounts. Wells recently reported it had 7.9 million active online customers, up 17% from prior year and 3.9 million bill payment and presentment customers, up 46% from prior year. For complete details on Wells Fargo Card Services and Wells Fargo Financial Bank second quarter results, visit CardData ([www.carddata.com]).
Issuer 2Q/06 2Q/05 CHANGE
WF Card Services (IA) $8.05b $7.13b +13%
WF Financial Bank (SD) $3.07b $2.05b +50%
Total $11.12b $9.18b +21%
Source: CardData (www.carddata.com)
VISA has teamed with the Star Alliance to collaborate on a wide range of marketing and communication programs to strongly boost global and regional awareness of the Japanese government’s “Visit Japan Campaign” initiative. The two-year commitment by VISA International and Star Alliance is to jointly leverage a broad range of international advertising, in-flight communication, frequent traveler programs, and cardholder communication. The program will aim to maximize the reach of promotional airfare and package tour promotions initiated by Star Alliance carriers and other program partners through the joint “Visit Japan with VISA” promotional campaign.
First Hawaiian Bank and Bank of the West are now utilizing InteliData’s “Least Cost Routing Service” for routing bill payments from their 100,000 online customers to MasterCard and other remittance providers. While this in-house migration will result in a reduction in certain ASP recurring revenue sources for InteliData going forward, the Company has previously received license fees and will continue to realize annual maintenance revenues for the software license, as well as continuing transaction fees associated with electronic payment matching and least-cost routing services from the banks. InteliData provides Internet banking and Electronic Bill Presentment and Payment (EBPP) technology and services to leading banks, credit unions, financial institution processors and credit card issuers.
BancWest’s First Hawaiian Bank has signed a deal to offer CardinalCommerce’s “Cardinal Centinel” payment authentication software. sudden, recent death of Wes Vance. First Hawaiian Bank is a principal subsidiary of BancWest Corporation, the largest Hawaii-based company, with total assets of $34.9 billion. BancWest is a wholly owned subsidiary of BNP Paribas. CardinalCommerce is the leading provider of online merchant payment authentication for securing online transactions.
First Hawaiian Bank has partnered with Discover to offer “Discover Card” cash advances at its 61 branch locations and more than 186 ATM locations in Hawaii, Guam and Saipan. First Hawaiian Bank, founded in 1858, is Hawaii’s oldest financial institution and has more deposits from individuals, corporations and partnerships than any other bank in the state. The bank is headquartered in Honolulu and has 56 branches throughout Hawaii, three in Guam and two in Saipan.
Early next year JCB and Vital Processing Services will partner with
Honolulu-based First Hawaiian Bank to launch a JCB smart card pilot project
in Hawaii. The launch of the JCB smart card pilot in Hawaii will use smart
card terminals manufactured by Hypercom. On October 29 JCB completed its
first live end-to-end smart card transaction with Vital. JCB is the fourth
largest credit card brand in the world with over 42
million card members. JCB Cards are accepted at nearly 10 million merchants
in 189 countries and territories including more than one million in North
and South America.
Vital Processing Services, a recognized leader in technology-based commerce enabling services, today announced the extension of its contract with with Honolulu-based First Hawaiian Bank, a subsidiary of BancWest Corporation, to include POS equipment and related services for the bank’s 6,500 merchant customers located in Hawaii and Guam. Vital has provided merchant processing services to First Hawaiian for more than 10 years.
Vital Merchant Services, a leader in terminal management and point-of-sale (POS) support services and wholly owned subsidiary of Vital Processing Services(R), will provide the terminal management services.
“We are proud to expand our existing relationship with First Hawaiian to include POS equipment and related services. As the exclusive third-party Clearing and Settlement processor and preferred provider of POS merchant processing for First Hawaiian, we have a vested interest in delivering fast, quality terminal services to keep their merchant customers processing transactions,” said Keith Smith, executive vice president of sales for Vital.
“As a Vital client for nearly 10 years, we are more than pleased with the high level of service we receive from Vital. Vital takes care of our merchant processing needs and we are happy to round out our relationship to take advantage of its terminal services. We look forward to Vital helping fuel our growth in the merchant acquiring arena,” said Gary Fujitani, senior vice president of First Hawaiian Bank.
About First Hawaiian Bank
Honolulu-based First Hawaiian Bank ($7.5 billion assets) has 56 branches in Hawaii, two on Guam and two on Saipan. First Hawaiian is a subsidiary of BancWest Corporation, a Hawaii-based bank holding company with assets of $19.8 billion as of September 30, 2001. BancWest’s other major subsidiary is Bank of the West, which is headquartered in San Francisco and has 193 branches in six Western states. First Hawaiian Bank’s website is located at [http://www.fhb.com].
About Vital Merchant Services
Headquartered in Sacramento, Calif., Vital Merchant Services is a leader in terminal management and point of sale (POS) support services. The full suite of POS support services includes equipment procurement and deployment, inventory management, replacement and repair services, merchant training and installation, merchant supplies replenishment and world-class help desk support. Its premiere web-based POS equipment management system, VitalSync, enables acquirers the ability to easily and efficiently manage their merchant customer’s terminal portfolios. Vital Merchant Services is a designated Authorized Repair Facility for Hypercom Card Payment Terminals. The company is a wholly owned subsidiary of Vital Processing Services, a recognized leader in technology-based commerce enabling services. For more information, contact Vital Merchant Services’ Sales Department at (800)686-1999 or visit [http://www.vitalps.com].
About Vital Processing Services
Arizona-based Vital Processing Services(R) (Vital(R)) is a leader in technology-based commerce enabling services. Vital’s clients include acquirers and merchant service providers that offer electronic payment processing and related services to merchants. Vital provides leading point- of-sale (POS) products and services, electronic authorization and data capture; clearing, settlement and exception processing; accounting, billing and reporting; risk management; and merchant support services. Vital also provides POS equipment management services through its subsidiary Vital Merchant Services and a full suite of Information Services in conjunction with Vital’s wholly-owned subsidiary GRS. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS(R) (NYSE: TSS), a global leader in payments processing. Additional information regarding Vital can be found at [http://www.vitalps.com].