First Gulf Bank Announces Credit Card Contest Winners

First Gulf Bank (FGB) announced 43 winners of its “Abu Dhabi Credit Card” draw. The fourth monthly draw was held on April 10, 2011 at FGB’s headquarters in Abu Dhabi and determined two contestants won AED 75,000 and AED 20,000 for their education or marriage funds. Three more customers won holiday packages collectively worth AED 50,000. The other 37 winners won helicopter tours, and limousine rides. First Gulf Bank in total has allocated AED 6 million in prizes for the “Abu Dhabi Credit Card” holder draw this year, where 43 FGB’ platinum and titanium cardholders are randomly selected exclusively to win these prizes every month.

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IT Governance Raises PCI STAFF AWARENESS

IT Governance PCI and information security specialists announced further sales of its “PCI DSS v2.0 – Staff Awareness” e-learning course available at (www.itgovernance.co.uk/products/1821). The IT Governance PCI DSS v2.0 e-learning course helps organisations achieve those objectives:

– the content of this 40-minute course is comprehensive, and tested across years of delivering staff awareness courses to client organisations;
– Employers can track and evidence training across all members of staff, avoiding that familiar problem of having three people left to train and no more classroom courses planned;
– Employees can evidence their understanding of the subject by passing the included online test and a copy of the test certificate can be added to employee HR files as evidence of training;
– e-learning is cost-effective and requires minimal administrative organisation and employees can do the training in their own time and at their own pace, ensuring comprehensive coverage of the subject matter.

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IndusInd Bank to Buy Deutsche Card Business

IndusInd Bank has signed a pact to acquire Deutsche Bank AG’s Indian credit card business to help the local lender bolster its consumer banking operations by entering a new segment. The statement didn’t disclose the size of the deal, saying only that Deutsche Bank’s credit card business has about 200,000 customers. Foreign banks had rapidly expanded their loan books mainly through unsecured lending such as credit cards and personal loans because India’s central bank allots only a few branch licenses to them every year. The global downturn prompted most lenders to cut exposure to unsecured debt as bad loans mounted because of job losses and salary cuts.

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PayPal Method for Singapore Airlines Tickets

PayPal and Asian carrier Singapore Airlines announced that customers in the US, Singapore and five other Asia Pacific countries and territories can now pay for their tickets via their PayPal account on singaporeair.com. Singapore Airlines customers may purchase tickets in as few as three clicks without having to retype their credit card or financial details. Apart from their PayPal account balance, users can pay for flights using credit or debit cards that are linked to their PayPal accounts. Users’ privacy and financial information will also be protected in the online transaction. Singapore Airlines will be able to provide customers with a better checkout experience with PayPal’s hassle-free and secure payment service. Furthermore, the airline will be better positioned to reach out to more travellers on PayPal’s worldwide network of 94 million active users.

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BankDhofar Unveils Three New ATMs

BankDhofar has expanded its ATM network with the opening of three new ATM’s, offering customers further accessibility and convenience. BankDhofar has assets worth around OR1.5bn BankDhofar (SAOG), is ranked number 1, as the “Best Bank in Oman 2010” by the Oman Economic Review-Gulf Baader Capital Markets, Business Today’s ‘Banks & NBFCs’ survey conducted by Ernst & Young and “Best Bank in Oman” by the pre- eminent international finance magazine Euromoney. The Bank has a network of 59 branches and 139 ATMs and Cash Deposit & Bill Payment Machines.

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Cardholders Still Paying Down Revolving Credit by 4.1% M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Revolving credit dropped 4.1% year-over-year in February to $794.0 billion. This is consistent with the trend seen over the past 2 and half years, with revolving consumer credit having plummeted from its peak of $973.6 billion in August 2008 by a staggering $179.6 billion, only lurching upward in December of 2010-…

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After 3Q/10 Hiccup, Card Delinquencies Down in 4Q/10

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With nine of eleven loan categories showing reduced consumer delinquencies, bank card delinquencies dropped 36 basis points to 3.28% of all accounts to the lowest level in almost a decade and well below the 15-year average (3.92 percent). This after having seen a .02% increase last month to 3.64%, down 4.39%…

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Discover Offers Cardmembers Improved Cash Rewards

Discover has kicked off more seasonal opportunities for its cardmembers to earn Cashback Bonus and redeem cash rewards with additional merchant partners. From April 1 through June 30, Discover Cardmembers can sign up to earn 5% Cashback Bonus on up to $400 in department store, home improvement and clothing store purchases. This category is the second of four rotating categories that change each quarter, giving cardmembers the opportunity to earn 5% Cashback Bonus all year long. After reaching the $400 spending limit for the quarter, cardmembers will still automatically earn up to 1% Cashback Bonus every time they use their cards. Improved offers include an additional 5% Cashback Bonus; expanded redemption options; and “ShopDiscover” improvements, allowing cardmembers already earning 5%-20% cashback on purchases made through the Discover online shopping mall access to new retailers.

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APAC Customer Services Earns PCI DSS Certification

APAC Customer Services has been certified as enterprise-wide compliant with the PCI DSS V2.0 as a Level 1 Service Provider by Tech Lock. APAC Customer Services is a leading provider of customer care services and solutions to market leaders in healthcare, business services, communications, media & publishing, travel & entertainment and financial services industries. APAC partners with its clients to deliver custom solutions that enhance bottom-line performance. Tech Lock is a Payment Card Industry Qualified Security Assessor that specializes in holistic and multi-regulatory compliance.

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Diebold to Implement Advanced Security Solutions at WTC Hub

Diebold is implementing advanced security solutions at the new World Trade Center (WTC) Transportation Hub in New York City. These integrated solutions will create a more secure environment at the hub, which is located on the historic WTC site. Diebold’s integrated system will include the installation of video surveillance, access control and alarm devices throughout the hub. In addition, Diebold will expand the Port Authority Trans-Hudson Corporation’s (PATH) existing security system at the PATH WTC station.Diebold will incorporate access control points that will utilize both secure credentials and biometrics to identify and grant access to employees, contractors and security personnel.

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NACHA Announces 2011 Payments System Awards Recipients

NACHA Electronic Payments Association announced the recipients of its 2011 Payments System Awards. The winners are being recognized during the Payments Systems Award Luncheon, sponsored by TD Bank, at NACHA’s PAYMENTS 2011 conference. The Payments System Awards recognize outstanding individuals and organizations for their superior leadership, innovation, and excellence in the development, implementation, or advancement of electronic payments. This year’s awards recipients include the 2011 Kevin O’Brien ACH Quality Award; the 2011 NACHA PayItGreen Award; and the 2011 George Mitchell Payments System Excellence Award. NACHA celebrates the achievements of these three award winners for outstanding contributions to the industry.

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Ceridian Deploys Sales & Service Help

PeopleAnswers and Ceridian have inked a software licensing agreement in which Ceridian will use the PeopleAnswers HR solution across its U.S. Sales organization to pre-screen, select and hire new employees. Ceridian expects to create a consistent employee recruiting process focused on identifying, selecting and hiring candidates who share many of the same behavioral traits with its current strong performers to improve performance companywide.

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