Ontario’s RDM is now shipping its new EC9600i single feed network check scanner models. The new EC9600i SF models are an extension of the family of EC9600i auto-feed network scanners introduced last year. RDM’s EC9600i series network scanners simplify the check scanning process through RDM’s “one-touch” setup. Unique to the EC9600i scanner family, embedded software…
Verifone will be among the first to enable clients to accept rewards and loyalty information in addition to NFC payments at the terminal via Apple Pay.
Delhaize America has picked Verifone’s multi-media, EMV and NFC-capable MX 925 payment terminals to enhance consumer engagement at the POS across all of Delhaize America’s U.S. locations.
Verifone’s MX 915 and MX 925 payment terminals have been granted SEPA Common Criteria certification by the Dutch Certification Body (NSCIB).
Diebold this week introduced its next generation of ATMs boasting lower total cost of ownership, best-in-class security features and advanced technologies that offer a comprehensive suite of solutions. The new 5500 series of ATMs includes Diebold’s ActivEdge, ActivDispense, ActivPower, and Concierge Video Services.
VantageScore Solutions and credit scoring model, announced the availability of a three-part white paper series that addresses and clarifies a number of issues regarding how credit scores are used by lenders. Available on VantageScore Solution’s refreshed website now addresses what a three-digit credit score actually means; How lenders use credit scores; and how to compare different credit score model ranges. The VantageScore credit scoring model is used by numerous lenders, making billions of decisions annually, including four of the top five financial institutions, the top five credit card issuers, two of the top five auto lenders, and one of the country’s largest mortgage lenders.
A major economic index moved up again in August for the fifth consecutive month. A recovery appears to be very near but, the intensity and pattern of that recovery is more uncertain. The Conference Board “Leading Economic Index” for the U.S. increased 60 basis points in August, following a 90 basis points gain in July, and an 80 basis points rise in June. Since reaching a peak in July 2007, the “LEI” fell for twenty months – the longest downtrend since the mid 1970s – but it has been rising since April and its gains have become very widespread. Five of the ten indicators that make up The Conference Board LEI for the U.S. increased in August. The Conference Board “Coincident Economic Index” for the U.S. was unchanged in August, following a 10 basis points increase in July, and a 40 basis points decline in June. The Conference Board “Lagging Economic Index” declined 10 basis points in August, following a 50 basis points decline in July, and a 90 basis points decline in June.
Bank of Beirut has launched the “Profile” series of VISA cards.
The four new cards are targeted to professionals and join the Bank’s
customized cards such as “Wafa,” the card targeted to military forces,
the “LAU Community” affinity card and the Lebanese Red Cross cards. The vertically aligned cards include the “Profile Banker VISA” credit card, a lifetime free-of-charge card that offers a low interest rate along with free lotto grids and loyalty points redeemable into cash; the “Profile Doctor VISA” credit card that includes free lotto grids and loyalty points redeemable for cash and prizes; the “Profile Engineer VISA” credit card that offers 1% cash back on all transactions financed by the card; and the “Profile Teacher VISA” credit card offering a 1% cash back program. The Bank of Beirut has 43 branches in Lebanon and operates in six countries.
Insight Sports has granted Capital One sponsorship for the “Grand Slam
of Curling”, one of Canada’s most popular sports. Capital One sponsorship
will contribute to the Capital One “School of Rock” community program to
be in conjunction with Capital One Grand Slam of Curling events which will
take place November 28 to December 2 and from December 20 to 23.
Insight Sports is a sports media and entertainment company which creates
and distributes sports and entertainment content across multiple
platforms while Capital One Canada is a division of Capital One Bank.
Providian’s securitized charge-off ratio dipped another 42 basis points last month but its ABS delinquency rate moved up by 4 basis points, following eight consecutive monthly declines through June. Charge-offs have declined sharply for the past five months and are down about 400 basis points compared to one-year ago. For securitized receivables, Providian’s charge-off rate decreased to 8.40% for August from 8.82% in July. One-year ago ABS charge-offs were 12.39%. Delinquency, on a securitized basis, increased to 6.71% in August from 6.67% in the prior month, and down from 8.37% in August 2004. On a managed basis, charge-offs dropped to 7.10%, compared to 7.42% in July and 10.09% one-year ago. Delinquency, on a managed basis was flat quarter-to-quarter at 4.96%, and down sharply year-over-year to 6.24%. Providian previously reported that managed loans outstanding at the end of the second quarter were $18.6 billion, up 8.1% year-over-year. For complete details on Providian’s latest performance, visit CardData (www.carddata.com). (CF Library 7/22/05)
PROVIDIAN MONTHLY ABS METRICS
Month Charge-Offs Delinquency
Aug 04 12.39% 8.37%
Sep 04 12.45% 8.30%
Oct 04 12.11% 8.48%
Nov 04 12.14% 8.27%
Dec 04 11.73% 8.06%
Jan 05 11.75% 8.01%
Feb 05 11.03% 7.75%
Mar 05 11.18% 7.23%
Apr 05 10.84% 6.95%
May 05 10.28% 6.49%
Jun 05 9.52% 6.48%
Jul 05 8.82% 6.67%
Aug 05: 8.40% 6.71%
Source: CardData(R) (www.carddata.com)
Plastic Now, Mint, and Peoples Trust have teamed to introduce the first co-branded, prepaid MasterCard to feature professional athletes in Canada. In association with the Canadian Football League Players’ Association, the companies will jointly launch eight prepaid MasterCard cards in their “Signature Series” featuring the image and autograph of a star quarterback. The CFLPA card also enables cardholders to accumulate points for every net retail dollar they spend. Points can be redeemed toward authentic autographed jerseys, helmets and official CFLA Pro Players footballs, and experiences with favorite players and contests.
Metris reported that it filed a response to the recent SEC “Wells Notices” on August 2nd with the Midwest Regional Office of the SEC. Metris Companies Inc. offers credit cards, credit protection and insurance products to consumers nationwide. Metris issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly owned subsidiary in Phoenix, AZ.