OTI MAGNA

On Track Innovations contactless microprocessor-based smart card solutions announced it has signed a contract for the supply, transfer, maintenance and operation of an electronic identification related product based on OTI’s Magna platform. Teaming with a reputable system integrator that will be responsible for project management and local operation in the country, the partnership is to provide for an initial three-year period and minimum guaranteed amount of $17 million, starting in 2010. Supplying its end-to-end solution, based on its proprietary state-of-the-art ID Registry Magna platform, OTI’s system will be deployed nationwide to provide advanced software for ID management, supporting both online and offline communication for homeland security, payments, petroleum payments, eID Systems and other applications.

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3 Point Jump in Economic Sentiment Says Recession Over

Increasingly positive media coverage of consumer spending contributed to a significant rise in the Dow Jones Economic Sentiment Indicator (ESI) from 36.9 in October to 38.3 in November. The ESI has risen 11 out of 12 months since its low of 22.2 in November 2008, confirming the consensus among economists the U.S. recession ended sometime early in the summer. Consumer confidence is an important factor that is improving as the holiday season approaches. In November 2008 gloomy shopping-related articles outweighed positive ones by three to one, helping drive the ESI down to its lowest ever level of 22.2. This November the balance is much more equal, indicating a healthier economic outlook and pushing the indicator back to levels not seen since the collapse of Lehman Brothers.

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EASYCASH & INGENICO

Ingenico has completed the 100% acquisition of the German payment services provider, the easycash group. This allows Ingenico to accelerate its strategic development in the payment solutions and to offer a comprehensive range of solutions around POS terminals. Leveraging on the growth of payment, the Company can also actively work on easycash’s integration and implementation of synergies, combined with the easycash know-how and competences in payment services to its global geographical presence. Ingenico payment solutions currently has deployed over 15 million terminals deployed in more than 125 countries and employs 2,500 worldwide.

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Viejas Casino to Offer Gift Card for Gaming and Shopping

Viejas Casino has launched the “Viejas Gift Card” which can be used for gaming, shopping, dining at the Casino and the Viejas Outlet Center. The Viejas Gift Cards, sold in a variety of denominations, can be purchased at the Viejas Casino, Viejas Outlet Center management office, or online at www.viejas.com. Viejas Casino has been voted San Diego’s “Best Casino”
ten years in a row and offers thousands of slots, over 80 table games, bingo, off-track wagering and six restaurants.

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Veritec Inks MOU With Cities in Touch for Mobile Banking

Mobile banking debit card solution provider Veritec announced that its subsidiary, Veritec Financial Systems has entered into an MOU with AK-based Cities to integrate VTFS’ mobile banking software platform with CIT’s ATM and debit card issuing kiosk systems.
VTFS markets and sells prepaid card programs and provides back-end prepaid card processing services on behalf of Security First Bank to card sponsoring organizations. VTFS markets its prepaid card programs under its MTC and Blinx On-Off brands. In addition to serving as an ATM machine, CIT’s kiosk systems enable consumers to securely cash checks, pay bills, transfer money and obtain pay day loans. By integrating VTFS’ and CIT’s respective systems, consumers will benefit by being issued secure reloadable debit cards that may be used at most ATM machines and when making retail purchases. VTFS’ debit cards are more secure than cash in that consumers will be able to turn their debit cards “on” and “off” with their mobile phones.

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Giftcard.com Rolls Out Fee Free Personalized Giftcards

Giftcard.com is now offering personalized no-fee giftcards.
Giftcard.com’s website allows customers to upload a photo and get it placed on a Visa gift card. Pictures of dogs, kids and special occasions make the gift cards something special. In addition, GiftCards.com also offers a greeting card that can be customized and sent with the gift card.
These new cards have no monthly maintenance fees, no transaction fees, no card replacement fees and no expiration fees. GiftCards.com currently services thousands of corporations for their gift card needs including 25% of the Fortune 1,000.

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G&D Acquires Nokia’s Shares in Venyon

Giesecke & Devrient (G&D) and Nokia announced G&D has become the sole shareholder in Venyon Oy by acquiring the shares held by Nokia. G&D estimates that the demand for NFC services is increasing worldwide and the combination with Venyon industry-leading expertise and position in the SIM and secure applications market positions the partnership well to provide TSM services to banks, transit operators, mobile network operators and other stakeholders planning to commercialize their NFC services. Venyon has established itself in 2006 as one of the leading trusted service managers (TSM) on the mobile NFC market, providing services to provision and manage applications such as credit cards or transit tickets securely over the mobile network.

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195 Million Shoppers Put Retailers in the Black

Over the Black Friday weekend, 195 million shoppers visited stores and websites, up
from 172 million last year, while the average spending over the weekend dropped to $343.31 per person from $372.57 a year ago. This, according to a National Retail Federation survey conducted by BIGresearch over the Black Friday weekend, confirms more people spent less with total spending having reached an estimated $41.2 billion. Among the shoppers, 49.4% visited at least one department store, a 12.9% increase from last year, 43.2% of holiday shoppers headed to discount stores over the weekend and another 7.8% heading to outlet stores. Shoppers also visited electronics stores (29.0%), clothing stores (22.9%), and grocery stores (19.6%) while 28.5% were shopping online.

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Resource One CU Deploys TNB Card Services

TX-based Resource One Credit Union has selected TNB Card Services as its electronic payments processing partner. The $300 million credit union will move its PIN and signature debit card processing to TNB, as well as tap TNB’s payments experts to develop a new credit card program for its members. For first-time cardholders, a “My Life My Money” branded card will be created, which will add to the credit union’s product portfolio targeting members in the 18-to-34 age range. A Resource One branded credit card will also be developed for the credit union’s general membership, plus an Executive Suite card targeting business members. Resource One will move more than 40,000 debit cards to TNB’s processing platform in order to improve processing efficiency, increase revenue, and mitigate risk. Resource One will also leverage TNB’s instant issuing capabilities to eliminate the need for cardholders to wait for their plastics.

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NCO Deploys CRM Platform to Clients

NCO Customer Management, a division of NCO Group, (NCO), has made available its customer relationship management (CRM) platform for its clients. NCO developed this application for a major retailer who partnered with NCO Customer Management to support their new e-commerce initiative. They wanted to harness customer demographic data in a way that turned information into business intelligence that could improve the customer experience. They also wanted to launch their e-commerce strategy in time for the holidays, so they had an aggressive implementation plan. Once NCO clearly established the client’s technical requirements, their IT team built a customized solution in less than 60 days and successfully imported more than 20 million customer records into it.

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MY SURPRISE CARD

Bridgewater Bank and POSATEL INC have partnered to launch the “MY SURPRISE CARD” MasterCard-branded, non-reloadable, prepaid gift card. Available in denominations of $25, $50 and $100 from retailers across Canada, the “MY SURPRISE CARD” will begin to appear in retail outlets across Canada including regional and national gas, convenience, and general merchandise chains just in time for the Holidays. Montreal-based POSATEL INC POS systems provider will design, market and distribute the gift cards to participating retail outlets and provide the electronic system that is used to process card authorizations and purchases while Calgary-based Bridgewater Bank will issue the prepayment cards, establishing procedures, monitoring fraud, and coordinate the settlement processes.

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Arthritis Foundation Offers Tempo Affinity Debit Card

The Arthritis Foundation is now offering its members and contributors an affinity debit card powered by Tempo. Every time Arthritis Foundation debit cards are used to make a purchase, the organization will receive a portion of standard card transaction fees. The cards can be used anywhere Debit MasterCard cards are accepted and also provide cash-back and ATM withdrawal access to the cardholders’ existing checking accounts. Other non-profits that are offering Tempo-powered affinity debit card programs include the Breast Cancer Fund, Greenpeace and Surfrider Foundation. Tempo technology provides a web portal for consumers to apply for and activate cards, as well as track purchases and rewards.

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