NJ-based Commerce Bank has added the “We Deliver” mail order service to its gift card, through which customers can personalize a “Commerce Gift Card” and have it shipped to the recipient, plus print the recipient’s name on the gift card and a custom message on the accompanying card carrier. Commerce customers can purchase the instant-issue Commerce Gift Card for free, in any whole dollar amount between $25 and $500, in any of Commerce Bank’s more than 400 retail locations. Commerce Gift Cards are elegantly gift-wrapped in an upscale, signature red box and tied with a white satin ribbon. Commerce Bank, “America’s Most Convenient Bank,” is a leading retailer of financial services with 400+ convenient stores in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Florida.
CT-based Affinion Group has been ranked #321 on the Forbes annual survey of top private companies, and is the third largest private company in Connecticut, 10th in Tennessee and eighth in Virginia. The list represents some $1.25 trillion in sales and 4.4 million employees, a big part of the U.S. economy. Forbes ranked nearly 400 companies that have at least $1 billion in annual revenue, and noted that America’s Largest Private Companies list saw a rush of deals in the last 12 months, with 85 private transactions representing a combined price tag of $89 billion. Affinion Group is a leading affinity direct marketer of value-added membership, insurance and package enhancement programs and services to consumers. With more than 30 years of experience, Affinion Group currently offers its programs and services worldwide through more than 4,500 affinity partners.
The Conference Board released a survey that shows U.S. households are expected to spend an average of $449 on gifts during the holiday season, down moderately from last year’s estimate of $466. About 35% of all consumers will buy holiday gifts on the Internet, up from 33% a year ago. Books top the list of online holiday buying, with 40% saying they will buy books as gifts. Also, households headed by individuals 55-64 intend to spend the most this year, with $508 the average expenditure. Households headed by those aged 35-44 represent the second largest spending group. For them, average expenditures are expected to reach $478. Households whose incomes top $50,000 intend to spend $631 for holiday gifts. The top holiday spenders will be New England households (Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Vermont) who intend to spend $545. Lowest holiday spending will be in the Mountain region (Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada) where consumers intend to spend a mere $348 on Christmas gifts.
BT Buynet, a provider of credit and debit card processing services for local merchants, has teamed with Cybertrust for PCI DSS compliance. BT Buynet is a major provider of card processing services with clients including UGC Cinemas, Bosch and O2. The company also holds the world record for most online donations in one day for the DEC Tsunami Appeal. Cybertrust is providing BT Buynet with PCI scanning and certification services. Cybertrust is the global information security specialist, delivering services that secure critical data, protect identities and help customers demonstrate ongoing compliance.
Dallas-based TNB has hired John McMenamin, formerly with Silvercloud Software and MBNA, as a VP, regional sales executive. At TNB, McMenamin will work with prospects and clients who are considering selling their credit card portfolios to a credit union-owned issuer. Previously, he held positions with MBNA America Bank, where he was senior manager of acquisitions. McMenamin is a graduate of West Virginia University. TNB Card Services, owned and directed by credit unions since 1976, provides electronic payments processing, as well as an agent issuing solution for credit unions nationwide.
BT Buynet, a provider of credit and debit card processing services for UK merchants, has teamed with Cybertrust for PCI DSS compliance.. BT Buynet is a major provider of card processing services with clients including UGC Cinemas, Bosch and O2. The company also holds the world record for most online donations in one day for the DEC Tsunami Appeal. Cybertrust is providing BT Buynet with PCI scanning and certification services. Cybertrust is the global information security specialist, delivering services that secure critical data, protect identities and help customers demonstrate ongoing compliance.
BB&T has joined the Allpoint Network to give its Florida clients access to more than 2,550 surcharge-free ATMs in the state. BB&T currently operates 117 ATMs in Florida. Allpoint, a division of Cardtronics, is America’s largest surcharge-free ATM network, with 32,000 ATMs in leading national and regional merchant locations across the country. BB&T Corporation (NYSE: BBT) is the nation’s ninth largest financial holding company.
A new report reveals that 44% of consumers do not realize that their personal information can be used to obtain a mortgage and 32% do not know that thieves can obtain a drivers license or photo ID card with such information. The survey from Capital One and Consumer Action found that 93% of Americans are well aware of the growing crime of identity theft. About 15% do not realize that their personal information can be used to open lines of credit for products such as credit cards, while 24% do not know that identity thieves can use their information to apply for a job. Consumers were equally unaware of the steps they should take if they are victims of identity theft.
CT-based Affinion Group has launched a new tool to fight ID theft. The new “ID Secure” solution combines personal information monitoring, public records management control and ID scoring technology from MyPublicInfo with credit card monitoring from CardCops, and SSN and synthetic ID monitoring from Edentify. “ID Secure” delivers a comprehensive report of consumersÃ¢Â public records, so they can detect potential public record manipulation as well as proactive personal data, social security number and credit card monitoring. It also includes ID theft resolution & insurance plus ID scoring, education & awareness. Affinion Group was the first to develop a membership credit monitoring product in 1992, and has about 4,500 marketing partners and customers across multiple industries.
The Harris Teeter grocery chain, with more than 150 stores throughout North Carolina and the Southeast U.S., will roll-out Western Union services by November 8th. Harris Teeter shoppers will have the ability to send and receive money through the Western Union Money Transfer service, send bill payments or prepay for wireless, home phone or Internet service with Western Union Payment Services, purchase a Western Union Money OrderSM payment instrument or load money onto a Western Union Prepaid MasterCard. The Western Union Company (NYSE: WU) is a leader in global money transfer services. Harris Teeter, Inc. with headquarters in Matthews, NC, is a subsidiary of Ruddick Corporation.
Fifth Third Processing Solutions has signed contracts for merchant processing services with Green Mountain Energy Company, Little Caesar Enterprise, and Western Michigan University. Green Mountain Energy Company is one of the nation’s leading retail providers of cleaner electricity products, offering residential, business, institutional and governmental customers the choice to support cleaner electricity generated from sources. Little Caesar Enterprise, Inc was started in 1959, and is the world’s largest carryout pizza chain and one of the top four international pizza chains with restaurant locations on five continents. Western Michigan University, located in Kalamazoo, was founded in 1903 and is a nationally recognized research university with an enrollment of more than 26,000. Fifth Third Bank Processing Solutions processes over 17 billion ATM and POS transactions per year for more than 1,500 financial institutions and over 147,000 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc. and The Finish Line.
Denver-based PaySimple has hired Jeffrey Gardner, formerly of Avaya, as its new President. With over 10 years’ experience in technology marketing, strategic planning, and financial management, Mr. Gardner has a track record of propelling growing companies into market leadership positions. He earned a Masters of Business Administration from the Darden School of Business at the University of Virginia, and a Bachelor of Science in Finance & International Business from Pennsylvania State University. PaySimple is an industry-leading provider of payment management solutions.