CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gabriel Yelin of President of Argentina’s CertiSur.
Citiâs ThankYou Network will celebrate Earth Dayâs 40th anniversary by inviting its more than 12 million members to submit a âPlaylist for Earth,â based on landmark recordings from the Sony Music Catalogue. The first 500 ThankYou Network Members to submit a âPlaylist for Earthâ will receive five free music downloads from Sony Music Entertainment. Through April 30, ThankYou Network Members can create an inspirational âPlaylist for Earthâ that can be submitted at ThankYou.com. Throughout April and May, ThankYou Network will post selected playlists along with member statements about what inspired them to choose their songs. As an additional benefit, ThankYou Members can redeem points for green rewards from environmentally friendly brands and shop for eco-friendly products through the ThankYou Bonus Center, where they can earn extra points on purchases. With this, members can download music from Sony Music Entertainment by redeeming 100 points per song from a roster of current artists.
Citi’s loyalty program “ThankYou Network” has unveiled an enhanced online Bonus
Center. Members now have access to hundreds of ways to earn extra ThankYou
points by shopping through the Bonus Center at ThankYou.com. Members can now gain even
more value from the Bonus Center with new benefits such as: “Daily Deal”,where members can earn at least 15 points per dollar
spent on limited quantities of hot new items offered daily; “MegaEarn Offers”, members can earn hundreds of extra points
on brand name merchandise and entertainment; “OpenTableÂ® Dining Reservations”, where members can earn ThankYou
bonus points for booking dining reservations online at more than 11,000
participating restaurants and earn additional points when they pay
for their meal with a Citi credit card that has ThankYou Network as its
rewards program and “Discounts and Deals” to benefit from discount
offers, free shipping, and free gift with purchase deals in addition to
ThankYou points they are already earning.
Citi’s “ThankYou Network” and Sony Music Entertainment have teamed to
offer ThankYou Members special artist promotions on an on-going basis, including early access to select new album releases. Beginning October 6th, members will be able to download Bob Dylan’s first-ever Christmas album during a special one week period in advance of the October 13th release date. Members can get the entire 15 track album for 1,000 ThankYou Points. All of Bob Dylan’s U.S. royalties from sales of “Christmas In The Heart” will be donated to Feeding America. Through Citi’s ThankYou Network’s newly expanded rewards collection, members can download music from Sony Music Entertainment for 100 points per song from a roster of current artists.
Citi’s “ThankYou Network: was launched in 2004 and has 300 participating retailers.
CA-based Tranax Technologies has formed a Board of Directors including Wolfgang Hausen, Jack McDonnell Jr., Dr. Kathryn Hanson; Dr. Hansup Kwon and Heemook Kwon. The role of the newly-created board of directors will be to serve as a sounding board and counsel to help the CEO and executive team evaluate and respond to strategic business opportunities and challenges. The charter will also include accelerating the implementation of practices, people, and strategies needed to expand and grow Tranax. The five board members will serve for 3 years and will provide best practices related to corporate strategy, operations and general management. Tranax provides the design, development, manufacture and sale of self-service technology to the retail, banking, hospitality, entertainment, and gaming industries.
Open Solutions announced two new institutions will install “e-Commerce Banker for Internet Banking and Cash Management”. Verity Credit Union, $270 million, in Seattle, Wash. and Kennebec Federal, a $54 million bank in Waterville, Maine. In addition, four institutions already using the e-CB suite of products purchased add-on modules. Open Solution’s e-Commerce Banker(TM) is a secure and scalable Web banking solution that offers a financial institution’s business and retail customers convenient access to their account information and transaction initiation needs 24 hours a day, seven days a week.
The FTC says it has reached an agreement with Integretel and eBillit, settling charges brought by the FTC for their role in an alleged illegal scheme misusing the international telephone billing system to charge consumers for videotext services that consumers never purchased or authorized. Through the scheme, thousands of consumers were billed an average of $127 apiece for services that they did not even know had been accessed through their phone lines. The charges for the videotext services were represented as international telephone calls to Madagascar, an island nation off the east coast of Africa. Under the terms of the settlement, the companies will waive any claim to $1.6 million in payments collected from consumers for these videotext services.
Equifax will soon manage North America’s largest lifestyle and demographic database as well as the world’s largest consumer credit database. The development is the result of last night’s announcement that Equifax will acquire the direct marketing businesses of R.L. Polk & Co. Under the agreement, Equifax will pay approximately $260 million to Polk for its CIS Group that comprises four units: Direct Marketing, Data Information Services/Polk Verity,Compusearch/Prospects Unlimited of Polk Canada and Polk City Directory. These businesses, with projected sales of $165 million for the 12 months ending March 31, represent consumer information from more than 250 data sources on 180 million consumers (105 million households), including product registration data, direct marketing, geodemographic and analytical services. After the acquisition, Equifax will not only manage the world’s most valuable and respected credit information, but also North America’s largest consumer and self-reported lifestyle and demographic databases. The Equifax consumer credit database will remain separate from the acquired lifestyle and demographic databases. The deal is expected to close April 30.
The confusion between ‘PaymentNet’ the company and ‘PaymentNet’ the corporate card Internet reporting system developed by Paymentech has ended. Redwood City, CA-based PaymentNet, Inc. has changed its name to Signio, Inc. and has formed a strategic alliance with Paymentech. Signio also announced this morning a new flat fee, online payment transaction pricing. The company becomes the first in the industry to deliver a rich payment processing platform and suite of services that offers connectivity across the Internet from e-commerce applications to all major back-end credit card processors. Besides a distribution deal with Paymentech, Signio also entered into distribution deals with Wells Fargo Bank and TeleCheck. Signio says it chose its new name because Signio is a variation on the Latin word ‘signum’ which means to mark, sign, or seal. The company says it selected the name as a metaphor for an electronic signature. Paymentech holds a trademark for ‘PaymentNet’.
Applied Communications, Inc., GlobeSet, Inc., Hypercom Corporation and Tandem Computers, a Compaq Company, announce plans to take a leadership role in making Electronic Commerce (EC) products interoperable. The four will use established ISO 8583 messaging formats to enable existing transaction authorization systems at financial institutions, processors, and switch networks around the world to authorize electronic commerce transactions secured by Secure Electronic Transaction (SET) or Secure Sockets Layer (SSL) protocols. The ISO 8583 messaging format is not an alternative to SET or SSL. It will be used in conjunction with these protocols to enable card authorization systems to route and authorize purchase transactions initiated on the Internet.
To date, implementation of EC programs like Internet shopping have required custom interfaces to existing card authorization systems. The goal of this effort is to use standards to link EC technologies and existing card payments systems; extend the interoperability of programs like SET; and promote the growth of EC by making it cost effective and timely to implement.
ISO 8583 is an open standard widely used to transmit financial transactions between merchants, institutions, switch networks and processors. The plan to implement ISO 8583 to pass transactions between EC technologies and existing payments systems is a natural extension of the standard.
“Our customers are increasingly interested in finding ways to integrate EC into their existing BASE24 authorization platforms,” says Dan Heimann, director of Strategic Marketing at ACI. “Implementation of an ISO 8583 interface will allow our BASE24-pos customers to process transactions generated by merchant servers and SET technology just as they would a traditional point-of-sale transaction. Because it is an open standard, use of ISO 8583 is not exclusive to ACI, GlobeSet, Hypercom or Tandem. We have come together to prove its use as a tool to link existing systems and emerging EC technologies.”
As a leading developer of SET solutions, GlobeSet offers one of the most advanced suites of SET 1.0 products available, including the cardholder wallet, the merchant point-of-sale application, the financial processor gateway and the certification authority (CA). “The use of ISO 8583 messaging formats will greatly enhance the already high level of interoperability between GlobeSet products and other technology, including existing card payment systems like BASE24-pos,” said Dennis Jolly, vice president, sales and operations at GlobeSet.
“Hypercom continues to support the ISO 8583 standard as a message format that will allow our customers to migrate to new technology, such as Electronic Commerce, without replacing or changing existing systems. Our partnerships with GlobeSet and ACI provide SET interoperability and a seamless migration path for our customers using BASE24,” said Ted Cole, vice president, Pinnacle Software Products Group at Hypercom.
“The ISO 8583 standard reinforces Tandem’s iTP (Internet transaction processing) strategy by offering our customers the interoperability necessary for electronic transactions between buyers, merchants and banks,” said Patrick Smyth, vice president of Worldwide Marketing at Tandem. “Tandem provides improved electronic payment delivery to customers for their existing private networks, and now also provides a consistent path with ISO 8583 to support transactions over the public network.”
Founded in 1974, Tandem, a Compaq company, designs and delivers technology solutions that companies rely on to compete in a business world that runs 24 hours a day. Headquartered in Cupertino, Calif., Tandem has offices, strategic partners, and service providers in more than 50 countries. Tandem press materials are also available on NEWSdesk International on the World Wide Web at
Hypercom Corporation is a leading supplier of point of sale (POS) hardware, software and network payment automation products. For more than a decade, Hypercom has been providing solutions for delivering and processing financial transactions which enable end users to easily add evolving payment applications and expand their POS networks. Headquartered in Phoenix, AZ, Hypercom markets its products in more than 50 countries via 65 global distributors.
GlobeSet has been at the center of SET development since its introduction. The company is part of the SET design team, has served as a charter member of the SET Business Review Panel and has passed SET compatibility testing sponsored by VISA and MasterCard (May, 1997). Founded in 1994, GlobeSet, Inc. is a privately held corporation headquartered in Austin, Texas. Strategic equity investors include Bankers Trust, Tandem Computers (a Compaq Company), and Verity, Inc. Additional information about GlobeSet can be found at .
Applied Communications, Inc. is a subsidiary of Transaction Systems Architects, Inc. (Nasdaq: TSAI). Transaction Systems’ software facilitates electronic payments and electronic commerce by providing consumers and companies access to their money. The company’s products are used to process transactions involving credit cards, debit cards, smart cards, remote banking services, checks, wire transfers and automated clearing and settlement. Its solutions are used on more than 2,500 product systems in 68 countries on six continents. Visit TSA and ACI on the World Wide Web at .