Issuers to Look Hard at Non-Prime Credit Card Segments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With card issuers seeking news ways to grow responsibly, most still continue to favor prime-plus consumers as they continue to recover from the recession. They are, however, increasingly focusing on the non-prime consumer market. These findings, according to the Mercator Advisory Group, indicate credit standards are ultimately beginning to loosen as…

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Moviegoers Get Incentives With MasterCard Prepaid Card

MasterCard launched its “Get Loot” entertainment-based program, giving U.S. consumers and avid movie fans the opportunity to experience the movies with friends and family like never before by using a MasterCard Prepaid card. With this, from July 1-October 31, when consumers purchase a MasterCard Prepaid card online or in-store from Western Union from NetSpend, they will receive two free movie tickets while supplies last. Every time they use the card between July 1 and December 31, cardholders will be automatically entered for a chance to win a VIP all-expenses paid trip to a 2012 movie premiere. Throughout the campaign, avid moviegoers will have the opportunity to win additional “loot” via surprise in-theater promotions at select theaters across the country.

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Discover Tour Winners Awarded Summer Vacation

Discover is sending a Southern California family with a passion for roller coasters on the ultimate all-American summer vacation: a coast-to-coast road trip to visit five Six Flags theme parks across the country. The Discover Coaster to Coaster Tour builds upon the second year of the partnership between Discover and Six Flags that provides cardmembers with valuable savings and exclusive benefits at Six Flags theme parks across the United States. Roller coaster enthusiast and longtime Discover cardmember Kurt Dahlin, of Santa Clarita Valley in California, his wife Michelle, and their sons Kyle (age 15) and Aaron (age 12) will begin the tour July 8 at Six Flags Magic Mountain in Valencia, California. For three weeks the Dahlin family will visit Six Flag parks in Atlanta, Dallas and New Jersey, and complete the tour at Six Flags Great America in Chicago. Discover cardmembers enjoy exclusive perks and benefits at Six Flags parks, including an instant five percent discount on purchases around the parks and online when they use their Discover Card.

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The SSL Store Achieves PCI Compliance

The SSL Store Platinum Partner of major brand SSL Certificate Authorities bolstered its credibility by withstanding the rigorous tests of Trustwave TrustKeeper. theSSLstore.com views PCI Compliance (aka PCI-DSS Compliance) as a major forward step for any organization to prove its security standing on a global scale and wanted to prove its own compliance as a statement for those considering the same. The SSL Store has additionally decided to sell the product at a discounted rate as an enhancement of its security portfolio, since determining PCI Compliance has become so crucial to all companies handling credit card numbers and other sensitive financial information.

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Ceridian Wins Patent Case

Ceridian Stored Value Solutions (SVS) won its patent case against Card Activation Technologies, indicating 33 of the 36 claims of Card Activation Technologies, Inc.’s U.S. Patent No. 6,032,859 are invalid. Card Activation Technologies stipulated the remaining three claims are also invalid. SVS filed this lawsuit seeking to invalidate all of the claims of U.S. Patent No. 6,032,859 because Card Activation Technologies, Inc. had previously sued a number of SVS’s customers asserting that SVS’s card products infringed the patent.

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Gemalto Division Recognized by Connected World

Aerotel Medical Systems, a leading global supplier of advanced remote monitoring solutions for telehealth and telecare, and its partner Cinterion, the global leader in cellular machine-to-machine (M2M) communication and a Gemalto company, announce winning the Connected World Magazine’s prestigious gold Value Chain Award in the home health category for Aerotel’s e-CliniQ™ system and the Connect-CELL™ telehealth homecare hub. Connected World Magazine’s Value Chain Awards honor the most successful corporate adopters of M2M technology and the solution providers that make their success possible. The Aerotel Connect-CELL hub automatically collects data from Bluetooth-enabled medical sensing devices as well as wired devices and uses a Cinterion M2M module to securely send data over cellular networks to a health monitoring center.

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C-Sam and Multicard Deploy mobile payment solution

C-SAM and Multicard have finalized a partnership to provide C-SAM’s Mobile Transaction Platform (MTP) and related M-Commerce and M-Payments services to Multicard’s customers. C-SAM is a pioneer in secure mobile transactions offering a range of mobile phone based financial and non-financial services for consumers to securely conduct transactions in the real and virtual environments using their existing smart and feature mobile phones and networks. The Company’s patented MTP enables carriers, banks, and service providers to deliver secure mobile phone based transaction services for finance, retail, healthcare and government applications.

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RWE, INSYS icom and Cinterion Win 2011 Connected Award

RWE Effizienz GmbH, a leading European provider for intelligent system solutions for electric vehicle charging facilities, INSYS icom, a leading industrial data communications specialist, and Cinterion, the global leader in M2M communications modules and a Gemalto company, announced winning the Connected World Magazine’s prestigious Value Chain Award for the RWE Smart-Station eCar charging infrastructure. The Value Chain Award honors the most successful corporate adopters of M2M technology and the solution providers that make their success possible. RWE’s Smart-Station provides convenient charging for electric vehicles at six times the speed of traditional electric outlets, and three times faster than competing charging stations. The INSYS icom M2M controller powered by Cinterion’s award-winning TC63i M2M module automatically facilitates all refueling tasks and data communications including vehicle authentication and authorization, charging activation, meter reading, billing and consumer communications. RWE Smart-Stations are currently being deployed throughout Europe in public spaces, parking lots and at customers’ homes and businesses.

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Serverside card customisation patent Endorsed by EU

Serverside Group, having been subject to a challenge in opposition proceedings, has been maintained without amendments to the claims in an oral hearing by the European Patent Office. A written decision is expected imminently. The Company’s first patent to come to grant was opposed by Gemalto, which dropped its participation and took a major investment in Serverside in 2009, and Dimpledough, currently defending a multiple patent suit claim from Serverside. The endorsement from the European Patent Office of Serverside’s earliest patent family follows a rigorous testing of the patent validity.

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McDonald’s Canada Launches Contactless Payment

McDonald’s of Canada and MasterCard Canada launched MasterCard “PayPass” contactless payment technology at participating McDonald’s restaurant locations. With this, PayPass POS payment terminals have been installed at more than 1,400 McDonald’s restaurants across the country, giving patrons the option to simply tap-and-go to make their purchases. Consumers with a PayPass-enabled MasterCard credit card or mobile phone can quickly and securely pay for their purchases with a simple tap of their card or phone on a PayPass point-of-sale payment terminal.

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Trevica implements new card platform

TREVICA payment processing has successfully launched the multi-institution card issuing and acquiring platform WAY4 from OpenWay to get a jump-start on the competitive card market. With WAY4 TREVICA plans to become a strong rival to well-known card processing players in providing both traditional payment processing services and advanced value-added services, such as 3-D Secure Internet payment processing and real-time risk management.

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JUNE CONSUMER BANKRUPTCY UP 4% M/M, 1H/11 FILINGS DOWN 6%

June 2011 filings interrupted the downward trend in consumer bankruptcies, having jumped 4% from the May 2011 consumer bankruptcy total of 114,803 filings to 119,768, 5% greater than the year ago figure of 126,270 filings. Chapter 13 filings, meanwhile, also surged slightly 1% from the May figure to 28% in June. However, for the entire first half of the year, U.S. consumer bankruptcy filings painted a different picture, dropping 8% from the year ago figure to 709,303 since January 2011, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). The ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency.

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