On Track Innovations Announces Two New Board Members

On Track Innovations contactless microprocessor-based smart card solutions for payments has elected Mr. David P. Stone and Mr. Mark Green as members of its board of directors. With this, the board is comprised of nine members. Stone retired as a senior partner in the New York-based international law firm of Weil, Gotshal & Manges LLP (“WGM”) at the end of 2005. For approximately 35 years prior to his retirement, Mr. Stone was engaged in the practice of law, specializing in corporate, securities and mergers and acquisitions law. At WGM, he founded and led the firm’s Israel Practice Group which, during his tenure, represented the issuers, underwriters or selling shareholders in connection with more than 90 public offerings of equity or debt securities by Israeli companies in the United States. Green is head of Technology and International Banking at Merriman Curhan Ford, a New York-based investment bank. Mr. Green previously headed C.E. Unterberg, Towbin’s (and later Collins Stewart’s) banking efforts in Israel, where he advised technology companies on cross-border public and private financings and mergers & acquisitions.

Details

WePay Solution Helps Groups Collect & Manage Money Online

WePay online payment service has released a public beta of its group payment product. Allowing users to create free FDIC-insured accounts and “share” them with others to maintain transparency and send electronic bills, WePay funds are made available with a WePay VISA prepaid card, paper checks, or electronic transfers. Clubs, organizations, and associations of all sizes can use WePay to send bills and collect money, solicit donations, send reimbursements, and spend money transparently while keeping funds separate to avoid mixing group finances with personal ones.

Details

Economy Causes 5% Drop in Prepaid Card Use

Amidst the recession, U.S. consumer usage of prepaid and gift cards dropped from 66% in 2008 to 61% in
2009. The decline in gift card sales and value began to turn around by the end of 2009 and will regain
momentum in 2010 along with prepaid products, according to Javelin Strategy & Research 2010 Prepaid and
Gift Card Market report. Based on its annual payments survey of 3,294 consumers, vendor interviews and
Javelin expert strategic analysis, the report shows 56% of consumers used a gift card in the past year; less
than half that many used a prepaid card. Also, More than one in every five American households lacks a
checking and/or savings account and one in five underbanked consumers have used a prepaid card in the last
90 days. An increase in vertical integration may also occur, with consumers and businesses preferring one-stop
shop, end-to-end providers to the many niche players participating in the market today.

Details

iReel.com Using ThreatMetrix for CNP Transactions

iReel.com, a provider of online movie rentals, is using
the “ThreatMetrix Fraud Network” to eliminate real-time fraudulent
credit CNP use. Delivered as a cloud service, the “ThreatMetrix Fraud
Network” is unique among fraud detection solutions because it can
address all three of the major web fraud scenarios: verifying customers,
authorizing transactions and authenticating users, all in real-time
without customers providing personally identifiable information. The
ThreatMetrix Fraud Network is a web-based system that utilizes a
wide variety of device- and transaction-related data, not including PII,
to build a contextual score that delivers all the information security
pros need to make a thoughtful go, no-go decision about a customer. The
“ThreatMetrix Fraud Network” can automatically add
transaction and device identifiers to blacklists and whitelists with the
click of a button, and it can search transactions according to any
attribute.

Details

CALPINE & TRINTECH

Financial risk management provider Trintech has been selected by electric utility Calpine to implement the Trintech’s ” Unity Xtensible Financial Reporting” (XFR) software with embedded support for report tagging and generation of XBRL-compliant financial statements. Unity XFR is a component of Trintech’s Unity platform which
enables companies like Calpine to increase the accuracy and transparency
of financial reporting, reduce operational costs, shorten cycle times
and reduce the risk of material weaknesses and restatements. Unity XFR, with embedded support for XBRL report tagging, is a
production platform to manage and record the entire financial reporting
process from period close to SEC filing. Advanced collaboration,
validation, document management, and workflow features allow customers
to harness the distributed expertise of key stakeholders within the
business in order to streamline the process of creating quarterly and
year-end financial statements.

Details

Cardtronics Set to Sell 7MM Shares of Common Stock

ATM provider Cardtronics has announced the pricing of an upsized secondary public offering of 7
million shares of already outstanding common stock at a price to the
public of $12 per share. The shares of common stock are being sold by
the following selling stockholders: CapStreet II, L.P., CapStreet
Parallel II, L.P., and investment funds affiliated with TA Associates.
The offering was upsized to 7 million shares of common stock from the
base offering of 6 million shares of common stock and is scheduled to
close on April 6, 2010. The selling stockholders have granted the
underwriters a 30-day option to purchase up to an additional 1,050,000
shares of common stock to cover over-allotments, if any. Piper Jaffray& Co. and UBS Securities LLC are the joint book-running
managers for the offering. William Blair& Company and SunTrust Robinson
Humphrey are acting as co-managers. Cardtronics
will not receive any of the proceeds from the secondary offering of
shares of its common stock by the selling stockholders.

Details

US Bank & Vistaprint Offer SMBs Customizable Cards

U.S. Bank and Vistaprint are introducing the “Vistaprint Visa” Business credit card, offering small business an opportunity to design and personalize their own card online to match their own marketing. Cardholders will earn rewards for card purchases, as well as receive five percent discounts off selected product purchases at Vistaprint.com. Vistaprint small business customers can design and apply for their “Vistaprint Visa” Business credit card at Vistaprint.com. U.S. Bank will then print and deliver the customized their cards. Cardholders will earn one point for each dollar of net purchases on the card and they can redeem points for merchandise, gift cards, travel or account statement credit. They will also enjoy the universal acceptance that is available to Visa cards everywhere. U.S. Bank Retail Payment Solutions offers credit, debit, and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers while Vistaprint provides more than 8 million small businesses and consumers per year a wide variety of products for both small businesses and the home.

Details

AIR MILES

Aeroplan has announced that members can earn Bonus Aeroplan Miles this spring with the “Aeroplan Bonus Days” promotion.
Aeroplan Bonus Days offer includes miles earned with American Express Earn and the AeroplanPlus Platinum Card.
CIBC is offering 15,000 Aeroplan Miles on your first purchase with a CIBC Aerogold
Visa Infinite Card and 10,000 Aeroplan Miles when a customer opens both a
new CIBC Unlimited Chequing Account and a CIBC eAdvantage Savings
Account with qualifying transactions.Members who shop with 3 or more qualifying partners such as
Esso, Home Hardware, Nestle, PepsiCo, Sobeys, Rexall and more can save 15% off Air
Canada flights and earn hundreds of extra miles during this promotion that can
be used towards travel to more than 1,000 destinations worldwide on Air Canada and Star Alliance
carriers or on over 600 merchandise, hotel, car rental and experiential rewards. Aeroplan’s millions of members earn Aeroplan Miles with its growing
network of over 75 world-class
partners, representing more than 150 brands in the financial, retail,
and travel sectors. In 2009, over 2.1 million rewards were issued to members including more
than 1.5 million flights on Air Canada and Star Alliance carriers which offer travel to more than
1,000 destinations worldwide.

Details

Flagstar Bank Renews NYCE Network Agreement

MI-based Flagstar Bank has renewed its NYCE Network participation and
named NYCE its exclusive provider of ATM and POS access. NYCE Payments
Network is a leading U.S. electronic payments network and an FIS
company. In addition to NYCE participation, FIS provides Flagstar Bank with
production services for all of its card programs. FIS is one of the world’s
largest providers of banking and payments technology. Flagstar Bank is a
community bank with approximately 165 banking centers, has $14 billion in
assets as of December 31, 2009, and contributes more than 100,000 cards and
230 ATMs to the NYCE Network.

Details

RESEARCH & MARKETS

Research and Markets has announced the addition of the “Mobile Payments 2010-2014” report to their offering. The worldwide mobile payments volume denoting the face value of purchases and transactions through mobile handsets stood at USD 68.7 billion in 2009, up from USD 45.6 billion in 2008, and will surge nine-fold to reach USD 633.4 billion by end-2014. In 2009, there were 81.3 million mobile payment users worldwide and this number is forecast to grow over six-fold to reach nearly 490 million by the end of 2014, seeing the worldwide penetration of mobile payment users increasing over four-fold to reach almost 8 percent by end-2014.

Details

Heartland Presented With ECAF Integrity Award

Heartland Payment Systems was recently awarded the “Integrity Award” at the European Card Acquiring Forum (ECAF) in Berlin, Germany. The Integrity Award is given to the company that was best in communicating, dealing with and remedying a compromised operation. The ECAF membership, comprised of leaders within the payments industry, nominated Heartland for this recognition. Heartland “E3” is designed to safeguard sensitive information from the moment a card is swiped at a POS, to and through Heartland’s processing network, and ultimately to the card brands — rendering any captured data useless in the event of a compromise. “E3” is currently in limited release and will be widely available in the second quarter of this year.

Details

Citigroup Appoints Executive VP, Global Public Affairs

Citigroup has appointed New York City Deputy Mayor Edward Skyler Executive Vice President, Global Public Affairs to lead all external and internal communications and share leadership of Government Affairs. He will be charged with ensuring that Citi’s global dialogues with the public and governments are effective and consistent, effective early May. He has overseen strong performances by the New York City’s main operational agencies and served as a top budget, legislative and labor negotiator for Mayor Michael R. Bloomberg. Skyler has been a member of Mayor Bloomberg’s administration since its inception in 2002. He had worked in the Corporate Communications group of Bloomberg LP before joining Bloomberg’s 2001 campaign for Mayor as Press Secretary.

Details