UW Credit Union has chosen six high school seniors to receive $2,000 college scholarships as part of its Community Values Scholarship program.
NCR Corporation announced that the University of Wisconsin-Madison (UW-Madison) is installing the NCR Venue Manager solution at four of its athletic facilities to drive revenues and increase the efficiency of its concessions and suite catering operations. This will let venue staff plan, manage and run events more effectively, increasing customer satisfaction while enhancing operational visibility and controls. The UW-Madison solution includes point-of-sale hardware and software that enable effective back office management; integrated credit card processing; and ticket, suite, premium and retail sales.
The Federal Trade Commission will host a “town hall” meeting in Seattle on July 24th to explore contactless payments and consumer protection policy. The “Pay on the Go: Consumers and Contactless Payment Town Hall” will explore consumer protection issues arising from the use of contactless devices and readers in both retail and public transit payment. Topics will include an overview of various contactless payment devices; consumers’ understanding of contactless payment capabilities and potential risks, and the need for further consumer education; security and privacy threats and proposed solutions; and emerging practices and technologies that may shape the contactless payment marketplace over the coming years. The Commission staff invites interested parties to submit requests by June 6 to be panelists and to recommend other topics for discussion.
NYCE has added 35 WI-based Metavante clients as new members of the NYCE EFT network, adding more than 165,000 cards and over 140 ATMs to the network. Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN-debit network in NYCE, online bill pay, a complete suite of payment cards and automated clearing house (ACH) processing.
Higher One announced that McLennan Community College in Waco, TX, will implement a new custom electronic funds disbursement and banking services program with the Highlander OneCard, enabling students to receive financial aid disbursements, get cash from ATMs, make purchases on and off campus, transfer money and monitor accounts online through a new college-branded web site. Higher One currently serves 21 public and private university and college clients and has helped them disburse over half a billion dollars through more than 340,000 individual payments since September 2002.
Internet-centric credit cards have come to the Netherlands. Postbank in the Netherlands will announce this week the launch of the ‘E-go VISA’ credit card. The new card will offer on-line, 30-second approvals. Postbank says cardholders will be able to check the account and recent transactions via the Internet. Transaction data will be updated every 24 hours. Statements are only available via the Internet. The card will carry a 12.50 EURO annual fee. Internet-centric cards have been spreading through Europe. In the UK the battle has been particularly intense between Prudential’s ‘Egg’ VISA and Household’s ‘Marbles’ cards. (See CF Library 6/2/00 & 10/04/99)