International CTIA WIRELESS 2009 is accepting submissions for the 4th Annual “E-Tech” awards with a new “Green” category. The E-Tech Awards will be judged online based on their innovation, functionality, creativity, and vision. The judging process will be handled by a panel of industry analysts, journalists and technology experts. Categories for the 4th Annual E-Tech Awards include: 4G; Enterprise & Vertical Market Solutions; Green; Mobile Applications & Widgets; Mobile Consumer Electronics; Network Infrastructure; In-Building/Local Area Network Solution and Wide Area Network. The application deadline is February 20. Winners will be announced onsite at the International CTIA WIRELESS at the Las Vegas Convention Center on April 2, 2009.
International CTIA WIRELESS 2009 is accepting submissions for the 4th
Annual “E-Tech” awards with a new “Green” category. The E-Tech Awards
will be judged online based on their innovation,
functionality, creativity, and vision. The judging process will be
handled by a panel of industry analysts, journalists and technology
experts. Categories for the 4th Annual E-Tech Awards include: 4G;
Enterprise & Vertical Market Solutions; Green; Mobile Applications &
Widgets; Mobile Consumer Electronics; Network Infrastructure;
In-Building/Local Area Network Solution and Wide Area Network. The
application deadline is February 20. Winners will be announced onsite
at the International CTIA WIRELESS at the Las Vegas Convention Center
on April 2, 2009.
A new analysis indicates credit card ABS ratings can likely withstand the impact of a severe recession in 2009. As part of its deterministic stress testing analysis, Fitch factored in a 50% increase in charge-offs, a 15% decline in yield and a drop in monthly payment rates by 20% over the next 12 months. Results of the analysis reveal that ‘AAA’ ratings would be unaffected while certain subordinate bond ratings could drop by up to three notches. Fitch says the results confirm the robust nature of typical credit card ABS structures. Even through intense and prolonged periods of stress, the likelihood of downgrades at the AAA level is fairly limited. Fitch recently reported that September “prime” charge-offs for credit card ABS was 6.57% and delinquency (60+ day) was 3.13%. Gross yield stood at 17.13%. The monthly payment rate for September was 18.57% and excess spread was 6.10%. (CF Library 10/31/08)
QSR franchise Coffee Republic is now offering a “Payment and Loyalty”
smartcard for its customers, using the sQuid
eMoney service. It combines contactless ‘pay as you go’ with a loyalty
scheme giving customers rewards for redemption in-store. The card will
be Coffee Republic branded with an open payments purse and
a Coffee Republic loyalty purse. Customers receive promotional funds
into this purse, which is then redeemable in-store. Customers can
register the card online, view transactions and top-up their open purse,
as well as view their loyalty purse or top-up in-store.
sQuid eMoney is the alternative to the debit and credit card networks
for sub ÃÂ£10 contactless transactions.
Fans of the Whopper can now pick up “BK Crown Card” gift cards at
Shoppers Drug Mart and Pharmaprix locations across Canada.
The newly-designed, $10 CDN reloadable “BKCrown Cards” can be used just
like cash toward the purchase of favourite BURGER KING menu offerings,
redeemable and reloadable at any participating BURGER KING restaurant
throughout Canada or the United States. The BURGER KING system
operates more than 11,600 restaurants in 73 countries and U.S.
Ryanair, Europe’s largest airline, has teamed with M-Cube to mass market a multi-branded prepaid card across the U.K. and Ireland.
The new “Ryanair MasterCard Prepaid Card” offers cash-back, rewards, discounts, sweepstakes, free air tickets and is denominated in GBP or euros. The new card offers up to 20% cash-back on all money spent on the card from purchases from brands including Miss Selfridge, SKY Digital, PC World, Laura Ashley and Dixons. Extra savings can be made from discounted shopping such as up to 50% off tickets with TicketMaster when shopping via the member’s portal as well as earning monetary rewards from every purchase made. Also, with every purchase made or ATM transaction on the cardholder earns 10 points. Once users reach their first 1000 points, a reward of GBP 10 will be credited to the card.
The GBO 60 annual card membership fee also entitles cardholders to four free flights on Ryanair.
The Villa Trasqua wine estate is the big winner of the “American
Express 2009 Tower Club Wine Awards”. After the tasting of as
many as 330 red wines from every continent, the Trasgaia 2006 won three
prestigious awards: ‘Gold’, ‘Best of the Best’ and then in the end it was
also elected ‘Champion’ of all categories. The Villa Trasqua wine estate is situated in the south-west of Chianti
Classico, the oldest and best part of the vast Chianti district. Villa
Trasqua covers 120 hectares (almost 300 acres), of which about a third is
planted with grapes. Trasqua has been producing wine since 1968.
The Conference Board announced
that the leading index for Mexico decreased 0.9 percent and the coincident
index decreased 0.2 percent in August. The leading index declined substantially in August as the oil
price, the construction component of industrial production and the stock price
index components all made very large negative contributions. As a
result, since February, the six-month growth rate of the leading index
has slowed to 2.0 percent (about a 4.1 percent annual rate), which is
below the 5.3 percent annual rate that prevailed between August 2007 and
February 2008. The coincident index, a measure of current economic activity, also
declined in August, the fourth decline in the past six months. In
August, employment, as measured by total IMSS beneficiaries, was the
largest negative contributor. The six-month growth rate of the
coincident index fell to -0.8 percent (about a -1.5 percent annual
rate), down sharply from the 5.0 percent annual rate of growth that
prevailed for the previous six-month period ending in February. However,
the strengths among the coincident indicators have remained slightly
more widespread than weaknesses over the last six months.
China Merchants Bank and Visa are launching a credit card
with the Chinese character of “He,” highlighting “harmony”, the theme of
the 2008 Olympic opening ceremony in Beijing. Toward the goal, CMB is
deploying the INNOVATION “IAM VSAM” application performance enhancement
solution through IBM “z/OS VSAM” for its “All-in-One Card” credit card
and online retail banking. IAM is to improve upon CMB’s “CardLinK”
credit card application due to the processing lag of daily cycles on
schedule of the latter. “CardLinK” from Atos Origin provides a modular
system to support principal functions of payment card management.
Operational tests show IAM cut “CardLink” job run times by an average of
52%, reducing elapsed run times from between 20% to 80%. CMB grew its
consumer credit business from 5 million credit cards on issue in 2006 to
over 20 million entering 2008 and today is the largest issuer of credit
cards in China.
Bahrain Islamic Bank has launched its new “Islamic Visa” credit
card providing Sharia’a compliance with the intentions of attracting and
maintaining devote Islamic consumers. Providing assurance of security
against unauthorized use with intelligent electronic chip technology,
the Islamic Visa credit card is offered as a “Classic card” with a
credit limit from BD300 to BD5, 000, a “Gold” credit card with a credit
limit from BD2, 000 to BD10,000 and a “Platinum Silver” card with a
finance level from BD3,000 to BD20,000. The BisB Islamic credit card are
useful at 24 million establishments, ATMs and outlets across Bahrain,
free miles from Gulf Air and gives back a 1% refund of purchases to the
card account until December 31st, 2008.
NACHA electronic payments association has announced its hosting the
Institute of International Payments Conference in Atlanta, GA on November 18th to 20th. The 2 1/2
day conference has been designed to provide payment professionals an
education to understand the payments industry on a global scale,
including principles, concepts, infrastructures, practices, issues and
developments. The unbiased material will be taught by practitioners from
organizations engaged in international payments to include such topics
as International Payments Fundamentals, International ACH Payments,
Clearing, Settlement, International Standards, Straight-Through
Processing, Global Payments, Foreign Exchange, Currency Principles and
many other issues.
In recognition of its excellence and innovation in Preferred Partner
solutions for credit unions, Affinion Group has received NAFCU Services
Corporation’s inaugural 2008 Innovation Award at NAFCU’s annual
conference in San Diego for its Enhanced Fraud Protection Plus service.
This recognition is for Affinion Group’s having provided enhancements
for credit unions to compete in a financial services marketplace with
such solutions as ID theft prevention, detection, monitoring, resolution
and reimbursement solutions. Other innovation award winners recognized
at the conference include Code Green Networks for Data Loss Prevention
Solutions and the NCR Corporation for Teller Cash Recyclers. NAFCU
Services Corporation is a wholly owned subsidiary of the National
Association of Federal Credit Unions and provides 27 Preferred Partner
programs to credit unions while the Affinion Group provides enhancements
through marketing loyalty, membership, checking account, insurance and
other products for more than 5,300 affinity partners worldwide thanks in
part to its 3,300 employees across 11 countries.