More than 80% of parents surveyed say they want to be better role models for their children regarding money management and that they have made money mistakes they want their own children to avoid. Yet, 35% of teen respondents said that when they ask for money, their parents rarely or never use these occasions to discuss topics such as budgeting and planning for the future. Meanwhile, 53% of parents surveyed report that their teen asks them for money at least once a week, providing ample opportunities for parents to talk with teens about making positive financial choices. Also, 29% of parents of teens surveyed said they argue with their teen about money at least every month. Among teen respondents, 53% want to learn more about topics like budgeting, saving and credit. In response, Capital One and Search Institute has partnered to create Bank It financial literacy program that helps parents and teens talk about, understand and manage money.
Capital One Financial Corporation has named Pierre
Conner Head of Sales, Trading and Research at Capital One
Southcoast. Conner, who served as Capital One Southcoast’s Lead Equity Research
Analyst since 2003, will now oversee all aspects of the sales, research
and trading functions. Conner has almost 30 years combined experience in
engineering and equity research. In his most recent role with Capital
One Southcoast, Conner was Senior Oilfield Services Analyst and Lead
Equity Analyst for the firm. Prior to joining Capital One Southcoast, he
served in a number of engineering and operations management positions
with Exxon Company USA, now ExxonMobil Corporation.
He holds a bachelor’s degree in mechanical engineering, a
master’s in petroleum engineering and master’s degree in business
administration from Tulane University. Capital One Southcoast has expanded its research
coverage and become a top 10 underwriter of U.S. energy debt and equity
transactions. Also in 2009, Capital One Southcoast recorded the most
capital market executions in its history and had its most profitable year.
Global Cash Access Holdings cash access solutions and data intelligence for casinos has embarked on new business across the US. In the fourth quarter of 2009, GCA began servicing Gila River Indian Communityâs newest facility in Arizona, the Wild Horse Pass Hotel and Casino with ATM, credit card cash advance, POS debit and QuikCash Plus (QCP). GCA also begain serving Parx Hotel & Casino in Bensalem, Pennsylvania with all the same services, plus its cash access services enabled through Western Money Systems ticket-redemption kiosks. Other businesses include the Tavern Casino, located at The Greenbrier resort in Sulphur Springs, West Virginia; Pinnacle Gamingâs newest facility in St. Louis, Missouri, River Spirit Casino; Salt River Pima-Maricopa Indian Communityâs Grand Opening of their newest facility in Scottsdale, Arizona, Casino Arizona Resort & Spa â Talking Stick; and Downstream Casino Resort in Quapaw, Oklahoma.
The New South Wales Government has selected the Pearl Consortium as the
for a new smart card-based automated fare collection system for Sydney.
The Pearl Consortium consists of the world leader in smart card
ticketing systems for public transport, Cubic Transportation Systems,
the transportation subsidiary of Cubic Corporation; the Commonwealth Bank of Australia; and
Australia’s largest electrical engineering firm Downer EDI.
The new ticketing system for Sydney’s bus, train and ferry
fleets will be based on the Cubic-developed London Oyster Card system,
the world’s largest and most complex smart card system for public
transport. More than 28 million Oyster cards have been sold to date, and
the Prestige/Oyster system has won five awards, including the RFID
Implementation Award at the 7th RFID Networking Forum in 2006.
In Australia, Pearl Consortium members have installed two successful
smart card ticketing systems in Brisbane and Perth. Every year, nearly
10 billion rides are taken worldwide using Cubic fare
collection systems. Cubic has delivered over 400 projects in 40 major
markets on five continents.
NHN Corporation has partnered with online monetization solution provider PlaySpan to enable players of Karos Online, the top free-to-play 3D MMORPG in Korea to purchase and experience premium content. PlaySpan’s patent-pending in-game digital goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users. PlaySpan also provides global payment solutions through its UltimatePay product, which enables users to make safe, convenient, and friendly in-app purchases using over 85 global payment methods in 180 countries. UltimatePay includes PlaySpan’s ULTIMATE GAME CARD, which is a pre-paid card available in over 45,000 retail locations across North America and growing rapidly worldwide. UltimatePay provides over 85 global payment methods including mobile, cash based, and the top selling Ultimate Game Card. UltimatePay enables players to quickly and easily make in-game purchases.
Western Union is now offering Money Transfer Services to PA-based retailer Giant Eagle. Western Union services will be available at participating Giant Eagle, Market District, Giant Eagle Express, and GetGo Agent locations starting April 1, 2010. All participating stores will offer Western Union Money Order payment instruments and many locations will allow consumers to send their bill payments using the Western Union Convenience Pay service, all while grocery shopping. The new multi-year agreement between Western Union, a leader in the money-transfer segment of global payments, and Giant Eagle, one of the nation’s largest food retailers and food distributors, will connect consumers to more than 364,000 Western Union Agent locations worldwide.
Cubic Transportation Systems has delivered the new regional smart card system. Compass will be rolled out
to the last of the region’s pass holders in April, with full deployment
expected a month later. The Compass Card is a reusable, reloadable transit pass that is
replacing traditional paper passes. Riders “tap” their cards on
electronic validators as they board buses and at Trolley and train
stations to access transit. Cubic’s open platform Nextfare system
captures Compass Card usage by station providing better ridership data
for service planners and integrates fare product sales
devices, station validators and other revenue collection devices
providing streamlined reporting and management.
Nextfare Internet module for sales and
distribution makes it possible for a Compass Card user to log on to
www.511sd.com and purchase monthly passes. The accountholder
automatically adds the pass to the card by tapping at any fare device
the next time the customer rides transit. Almost two-thirds of San Diego County’s 90,000 active pass users have
converted to the Compass Card since the San Diego Association of
Governments (SANDAG) introduced it last May.
NCR Corporation has added PA-based Sheetz convenience stores to its growing roster of retail partners. NCRâs outdoor kiosk is the most secure and highest-capacity weather-protected DVD-rental kiosk in the industry. With capacity for more than 900 DVDs each, the kiosks provide consumers the widest, most popular selection of new and classic DVDs available. By the end of March, consumers can visit NCRâs BLOCKBUSTER Express-branded DVD-rental kiosks at nearly all 365 Sheetz locations open 24 hours a day. This represents NCRâs first major BLOCKBUSTER Express kiosk deployment in six new markets located throughout North Carolina, Ohio, Pennsylvania and West Virginia.
Capital One Financial Corporation has launched the “Venture” premium travel rewards
credit card. Offering double miles on every purchase without typical
restrictions, “Venture” allows cardholders maximum flexibility when redeeming rewards.
Customers simply make their travel purchase using their Capital One “Venture” card, then call Capital One or
go online to reimburse the charge with miles. The cost of the
transaction is refunded on the next statement. A simple formula makes it
easy to determine how many miles are needed to redeem rewards:
cardholders multiply the cost of the purchase by 100. As with all other Capital One cards, there
are no foreign transaction fees. Additionally, the “Venture” premium travel rewards
credit card allows cardholders to earn 2 miles per dollar on all net purchases; rewards
that donât expire; no limit on how many miles you can accumulate; no
special spending categories; and no separate rewards enrollment requirements.
It also offers 10,000 bonus miles when $1,000 is spent in the first three months;
compatibility with any airline with no blackout dates; and travel purchase
In support of National Consumer Protection week, Capital One is making some ID protection
recommendations to consumers of all ages. To reduce fraud, Capital One is recommending cardholders
Keep their web browsers and operating system up to date; watch out for emails from scammers
offering to give away
free money or asking for help moving a large sum of money; and beware of bogus online donation
scams â Following the Haiti earthquake, the FBI is advising people to be careful when evaluating
programs related to the earthquake. Instead of following a link in an email,
go directly to the charityâs website and never release personal
information to someone soliciting money.
When shopping onlie, look for an unbroken key or padlock at
the bottom of your web browser when providing payment information. When
youâre asked to provide payment information, the beginning of the Web
siteâs URL address should change from http to shttp or https, indicating
that the purchase is encrypted or secured; check out the seller; use caution with social media;
consider how youâll pay. Credit cards generally are a safe option
because they allow buyers to seek a credit from the issuer if the
product isnât delivered or isnât what was ordered and keep your password private.
Cubic Transportation Systems has been awarded a $15 million contract to design, deliver
and provide services for a new smart card ticketing and revenue
management system for the South Florida Regional Transportation
Authority (SFRTA), which will be interoperable with Miami-Dade County’s
new EASY CARD system. The SFRTA system will process smart cards and printed tickets and will
encompass 76 ticket vending machines, 85 station validators, six ticket
office machines, and 60 handheld units. Tri-Rail’s transaction monitoring, processing, settlement and reporting
will be handled by the Miami-Dade Transit through the back-office system
of Cubic’s Nextfare open software and hardware platform. Nextfare
integrates a business management system and passenger devices for smart
card issuing, processing and validating. The open design enables
multiple agencies in a region to share resources while keeping all
proprietary information separate and secure, giving agencies a way to
Merchant Warehous merchant accounts and credit card processing solutions announced significant traction of its mobile payment processing applications, namely for the iPhone, iPod Touch and Blackberry. Continued adoption of these applications and increase in their use has proved mobile processing is a very convenient means of conducting business while on the road for small and mid-sized businesses. Over 15,000 applications have been downloaded for the iPhone and Blackberry versions from Merchant Warehouseâs web site. On average Merchant Warehouse signs over 200 merchant accounts per month with their mobile applications. The phones apps, utilizing the “MerchantWARE Mobile” application, is synced with the MagTek Bluetooth credit card reader to encrypt all credit card data at the POS before it is accessed by the mobile device for secure transmission and storage at the Merchant Warehouse gateway and data vault. This ultimately allows for secure acceptance of credit cards on a portable POS.