With more than 83% of consumers actively seeking out rebates, prepaid rebate cards are pegged to increase annual volumes substantially. More than $2.5 billion has been loaded onto rebate cards and 95% of consumers say they would definitely/maybe chose a prepaid rebate card over checks. This, according The Network Branded Prepaid Card Association (NBPCA), also shows consumers that redeem rebates are part of the 60 million underbanked without bank accounts. Since Prepaid rebate cards are branded by American Express, Discover, MasterCard or Visa, the funds can be used anywhere and usually do not expire for at least twelve months.Details
Onboard store technology provider GuestLogix has partnered with Alpha Flight Services Pty Ltd. to deploy the GuestLogix onboard retail platform and OnTouch(TM) products and services with Alpha customers in Australia and New Zealand. Alpha provides in-flight catering at nine airports in Australia and serves 16 customer airlines. Alpha customers will use the GuestLogix onboard retail platform that includes handheld point-of-sale (POS) devices to facilitate a more convenient purchase experience for both the flight attendants and passengers. The solution provides Alpha customers with promotions and sales management, cash control, payment processing and inventory management as well as the ability to accept credit card and cash payments. They can also take advantage of the GuestLogix platform to launch “OnTouch” in order to help its customers introduce destination-based, travel-relevant products and services inside the cabin to grow new ancillary revenues. The GuestLogix onboard retail platform is an end-to-end solution that complies with the most current payment industry security standards to significantly reduce the onboard risk of fraud and credit card processing losses.Details
Panel PC manufacturer American Industrial
Systems has introduced a lightweight 10.4 “Rugged Touchscreen
Tablet PC” designed for mobile point of sale, data entry, and monitoring.
Completely sealed, the unit allows for mobile reporting, logging, and POS ordering
in rain, dust and vehicle use. It has I/O connections to an IP54
dust/waterproof rating and a rugged housing with rubber
bumpers for enhanced shock and vibration resistant operation. Optional
standard and glass-film-glass (GFG) resistive touchscreens are also
available for excellent durability during heavy commercial usage which
would wear out standard touchscreens. Vibrant color and sharp text in
direct outdoor sunlight is perfect for running
applications, reading documents, and surfing the web. Everything is
packaged within a compact lightweight rugged chassis weighing in at
2.6lbs and featuring IP54 rated water/dustproof resistance, multiple
3-foot drop rated, and enhanced shock and vibration protection.
Mint.com has made it easier for users to track their cash spending and monitor pending expenses, addressing a top user request by enabling manual entry of transactions. Users need only enter the amount and merchant, which Mint.com will automatically deduct from their most recent ATM withdrawal, unless they choose otherwise. Mint.com will then apply the spending to the appropriate category and budget. For checks, entering the check number and payee means the expenditure will be automatically reconciled when the amount clears. The new spend tracking feature accounts for tips, gifts, bonuses, owed money, or other income paid in cash or personal checks. Cash, checks and pending transactions will sync directly into a userâs account â tied to current budgets, personalized tags, categorized merchants, and linked accounts.Details
Citi has hired Marc Luet as head of Citicorp Consumer in Europe, the Middle East and Africa (EMEA), where he will be responsible for further expanding the bankâs leading presence in emerging markets. Bringing with him more than 20 years of retail and credit card experience, including many years in the Central & Eastern Europe, Middle East and Africa region (CEEMEA), Luet was CEO of Citibank Belgium and CEO of the retail business for Citibank Hungary. He was also CEO of Consumer Finance and Retail International at Fortis Group. Citi is present in 10 CEEME countries, has more than 1.5 million retail bank clients and 2.5 million credit card accounts. The bankâs credit card market share exceeds 10% in five countries.Details
Travelex Global Business Payments and Software-as-a-Service (SaaS) cash
and treasury management solution provider Kyriba,
have established an alliance intended to simplify the execution of
domestic and international payments worldwide. The joint solution will
enable a straight-through process for global payments from one portal
and afford enterprise-wide visibility of cash flows and forecasts across
all currencies. Kyribaâs SaaS treasury platform allows for rapid
Travelexâs Global Payment System, facilitating a shorter delivery time
and security for executing payments. The Travelex/Kyriba partnership
expands the services available to
corporate treasuries around the globe by offering improved currency
exchange choices and providing an alternative for the execution of
payments directly available through a treasury management system.
China UnionPay (CUP) has launched automatic teller machine service in South Africa in alliance with the Standard Bank of South Africa. The cooperation would allow CUP cards to be accepted at 5,100 ATMs under the Standard Bank, which would benefit cardholders while in South Africa to watch the 2010 FIFA World Cup.Details
ACH payment volume increased by more than 475 million transactions in 2009, bringing year-end total transaction volume to 18.76 billion, a 2.6% increase over 2008 activity. This demonstrates strong volume increases in electronic payments such as consumer Internet transactions and B2B transactions. This, according to the NACHA Electronic Payments Association, also shows a decline in the unauthorized debit volume with ACH debits returned as unauthorized in 2009 having declined 9.6% since 2008 to now only constitute for 0.02% of total Network volume. ACH native electronic payments increased by 4.15% in 2009, showing an increased preference for non-check, fully-electronic, payment options and constituted for 12.19 billion transactions on the ACH Network. Meanwhile, Consumer Internet Transactions were up 8.75% to nearly 2.4 billion payments for 9.7% increase over 2008 and International ACH Transactions totaled 1.7 million with a dollar value of $7.4 billion.Details
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.Details
TX-based non-bank ATM provider Cardtronics has been selected as
the exclusive ATM managed services provider for all US Travelex ATMs.
Travelex is the world’s largest foreign exchange specialist with over
760 retail branches in more than 26 countries, at key airport, seaport,
rail and tourist locations. Under the terms of the multi-year
agreement, Cardtronics will provide comprehensive ATM services including
transaction processing, cash management, cash replenishment, monitoring
and maintenance. The ATMs are located in high-traffic locations,
including over one dozen major international airports and a variety of
high-profile retail and business centers.
The Mexican House of Representatives has unanimously passed a resolution denouncing U.S. states that impose remittance taxes, or are currently considering such legislation, and calling upon the Mexican government to take trade measures against those states. The Mexican House of Representatives has called upon the Mexican Government to establish trade measures against U.S. states that have adopted a fee to remittances being sent to Mexico. Such trade measures would be imposed in states like Oklahoma as a way to respond and retaliate against this new law. Mexican Legislators consider this bill as “immoral, abusive and harmful” act against immigrantsÃÂ´ rights.
Mexico is the number-one international trade partner of both Oklahoma and Kansas, the foreign market where they export the majority of products and services.
MBNA has teamed with American Airlines and American Express to introduce the American Airlines “AAdvantage” American Express Credit Card. When signing up to the new product, every customer spending Â£250 within the first 90 days of opening an account will receive a sky high 5,000 AAdvantageÂ® bonus miles. The “AAdvantage” credit card allows cardholders to earn three “AAdvantage” miles for all supermarket, petrol and American Airlines purchases within the first six months of the account opening while other card purchases or purchases made after the first six months will earn 1.5 AAdvantage miles for every dollar spent. The card will also offer 0% on all American Airlines flights purchased with the card for 12 months from the date the account is opened, and customers will be eligible for a range of exclusive promotions throughout the year. This rate is also available on balance transfers and money transfers for six months from the date the account is opened, after which will be the typical rate of 17.9% APR (variable).Details