Wyndham Rewards loyalty program and Barclaycard US introduced the new “Wyndham Rewards Visa” card. The card comes in two versions, offering program members their choice of either no annual fee with generous rewards or a low annual fee card with even greater earning potential. The no-fee card offers cardholders the opportunity to earn three points for every $1 spent on stays at Wyndham Rewards participating hotels and two points for every $1 spent everywhere else. Cardholders will receive 12,000 bonus points upon first usage — enough for up to two free nights at select participating hotels. The premium card offers cardholders five points for every $1 spent on stays at Wyndham Rewards participating hotels and two points for every $1 spent everywhere else. Cardholders will receive 18,000 bonus points upon first usage — enough for up to three free nights at select participating hotels. This card program carries a $39 annual fee.Details
PXT Payments electronic payment solutions has deployed its chip-based, secure smart debit card program in Brookline, MA for its “Parcxmart” parking application. With this, Brookline will offer residence access to the 542 retail and restaurant storefronts, for which consumers can obtain the Brookline Debit Card at a local merchant or visiting Brooklinecard.net. With Parcxmart one-swipe parking, consumers have every reason to stay local. The PXT smart debit card program can be made for exclusive use in a single town, city, or Business Improvement District (BID), or standardized across a state, or even multiple states if local authorities coordinate.Details
Oliver Kinne has been appoints executive director with ClickandBuy International effective immediately. In his new role he will be responsible for expanding international market share. Kinne previously led carrier business in Southeast Asia and the Pacific and Global Sales Vodafone at Nokia. ClickandBuy internet payment services is used for internet purchases by over 13
million people. Having doubled its turnover generated by traders and end customers to EUR922 million (TTV) in 2008, the ClickandBuy Group first crossed the billion euro threshold in 2009.
MasterCard Worldwide has launched its “MarketPlace Overwhelming Offers” iPhone app thanks to its exclusive alliance with Next Jump e-commerce. The MasterCard “MarketPlace Overwhelming Offer” iPhone app is bringing to the mobile phone an e-commerce experience provided by MarketPlace combined with the MasterCard online shopping experience. It allows access to the MasterCard “MarketPlace” personalized shopping platform with customized deals and offers from selected merchants, ultimately allowing them to buy the goods and services that they need and want from wherever they may be with a simple and consistent experience across their connected devices. The MasterCard “MarketPlace Overwhelming Offers” iPhone app also allows merchants to improve customer relations with special deals.Details
CO-OP Member Center of CO-OP Financial Services is offering credit union members its âopt-inâ solution for overdraft protection. The CO-OP Member Center will report customer requests and relevant accounts to be covered to the credit union, which then generates a written communication to the customer confirming that they have opted-in for overdraft protection. This CO-OP Member Center service is performed without any set-up fees and is available immediately to existing clients. Additional benefits of CO-OP Member Center include increasing profits by growing lending operations.Details
Slingshot Software web-based enterprise software solutions has deployed its POS system, allowing retailers to centrally deploy and administer software upgrades, promotions, user interface and configuration changes instantly across the enterprise. It is available in a flexible browser-based deployment model that will reduce security issues and decrease ongoing operational costs. Slingshot POS integrates seamlessly with Slingshotâs enterprise business management applications, including inventory and warehouse management, sales order management, procurement and requisition management, supply chain management and enterprise financial management. The Slingshot POS allows users to build strong customer loyalty and maximize sales opportunities by keeping real time customer information, inventory availability, and transaction history.Details
EBA Clearing and Iberpay announced the successful activation of a link for exchanging Sepa Direct Debits (SDD) between Iberpay and the Step2 platform. IBERPAY and EBA CLEARING are further expanding their partnership links to allow financial institutions to exchange SEPA payments with banks in 32 European countries. In addition, the links help to ensure full reachability in Spain for EBA CLEARING’s PE-ACH Services by providing STEP2 access to those banks that are not connected to the platform. The new IBERPAY-STEP2 link allows IBERPAY users to benefit from the Europe-wide reach for SEPA Direct Debits facilitated by EBA CLEARING’s Pan-European Automated Clearing House STEP2.Details
SmartPay retail services provider has won a further two corporate deals to upgrade POS EFTPOS systems for nationwide retail chain PPGL (Postie Plus Ltd) and ABC Learning Centres.
ABC Learning Centres is upgrading to the latest version of the SmartPay “Cadmus” terminal range; fully compliant with the most recent Paymark security standards. PPGL is installing the latest version of SmartPay’s integrated “SyncroPlus” payment system which is also fully compliant with the latest Paymark security standards. Both of these deals follow other significant wins for SmartPay’s corporate team, including point of sale upgrades for Paper Plus and Mitre 10.
American Express has struck agreements with major payment processing providers, Chase Paymentech, Global Payments and Moneris Solutions to rollout American Express Chip & PIN services for Canadian merchants and Cardmembers. American Express has been investing in Chip & PIN capability for more than a decade and has participated in multilateral industry efforts for the migration of card payments to Chip technology over the last few years. American Express Chip Cards are currently issued in over 25 international markets and introduced the Chip to make an already secure payments system even safer, with a seamless transition for Cardmembers and merchants.Details
FreedomPay intelligent transaction management solutions launched its “FreeWay” scalable transaction and payment gateway with âLevel 4 Data.” Providing its users visibility in the transactions that power global business, “Level 4 Data” provides intelligent business information to analyze the real business drivers behind every transaction. It includes specific details about the product sold, such as manufacturer, make, model, model year, part number, serial number, stock keeping unit (SKU), promotional or loyalty rewards, and other critical information. This allows companies to precisely identify the specific products, promotions, and loyalty programs that are driving sales increases; track service enhancements for preventative maintenance programs; analyze field service and repair efforts; plan for changes in inventory demand; and evaluate supply and demand chain analytics to the individual part number.Details
With 30% of businesses planning on international growth within the next one-to-two years, most do not have the payment systems in place to properly support European customers. This is due in part, according to the 79% of finance directors indicating their payment systems were not ready, significant challenges in handling multiple currencies and foreign cards. This, according to Chase Paymentech Europe research, also shows Western European online retail sales are projected to grow 11% to reach GBP153 billion by 2014; and the UK’s growth of 160% follows Spain’s 199% and France’s 181% and Italy’s 181%. The lack of investment was not confined to domestic organisations looking to expand, with 77% of companies indicating their payment systems were not set up to meet the demands of European customers, compared to 86% of organisations who had expanded internationally via a merger or acquisition.Details
The Conference Board Consumer Confidence Index took a sharp drop in June to 52.9 (1985=100) from 62.7 in May. Meanwhile, the Present Situation Index decreased to 25.5 from 29.8 and the Expectations Index declined to 71.2 from 84.6 last month. Consumers saying conditions are âgoodâ decreased to 8.0% from 9.7%, while those saying business conditions are âbadâ increased to 42.4% from 39.5%. Those who determined jobs are âhard to getâ increased to 44.8% from 43.9%, while those saying jobs are âplentifulâ decreased to 4.3% from 4.6%. Additionally, those anticipating an improvement in business conditions over the next six months decreased to 17.2% from 22.8%; those expecting conditions will worsen rose to 14.9% from 11.9%; the percentage of consumers anticipating more jobs in the months ahead decreased to 16.0% from 20.2%; those anticipating fewer jobs increased to 20.8% from 17.8%; and the proportion of consumers anticipating an increase in their incomes declined to 10.6% from 11.4%.
SOURCE: Conference Board