Veracity and SecureNet Payment Systems Ink

GA-based Veracity Payment Solutions has signed a multi-year processing alliance with SecureNet Payment Systems.
In addition to the services agreement, Veracity will acquire a portion of
SecureNet’s merchant portfolio of approximately 1,500 retail locations.
Through this alliance Veracity can now offer enhanced Internet processing
solutions such as Electronic Invoicing, “Pinless” Debit and ACH processing. With this
joint alliance, Veracity’s merchant base will double in size to approximately 8,000 merchant
locations nationwide including the state of Hawaii. SecureNet Payment Systems’ flagship services SecureNet Virtual Terminal,
SecurePoS and SecureVault, are used by financial institutions, independent
sales organizations, payment processors, small- and medium-sized businesses as well
as enterprise institutions all over the world.

Details

VisaNet Opens a New East Coast Processing Center

Visa has opened a new 370,000 square foot processing center in North America on the East Coast. For security reasons the exact location is not being publicized. The new center for VisaNet facility was developed in partnership with IBM, the system, known as “z Transaction Processing Facility” is a 64-bit operating system that allows more information to be manipulated at once and perform more complex processing functions in milliseconds. Instant fail-over technology between Visa data centers around the globe ensures the 5-nine level of uninterrupted service that cardholders, merchants, governments and financial institutions have come to expect from Visa. With more than 140,000 square feet of raised floor space, the center houses some of the payments industry’s most advanced payment processing services and is capable of handling more than 10,000 transaction messages per second. In October, as part of its semiannual software update, Visa completed the upgrade of its global payment platform, as well as introducing a number of advanced processing capabilities. For this latest update, Visa programmers, engineers and testers have invested more than 85,000 labor hours to create and incorporate upgrades to VisaNet. That includes the addition of several new currencies to the 175 for which Visa already processes transactions. Last week, Brazilian credit-card services provider VisaNet announced it will change its brand name to Cielo after Visa insistence, according to CardFlash International.

Details

VISANET/CIELO

VisaNet Brazilian credit-card services provider has announced it will be
changing its brand name to Cielo. Cielo, meaning sky, emphasizes the
Company’s scope of its actions and extension of its network, consisting
of 1.6 million affiliated merchants, covering 97.5% of Brazil. Visanet
is majority-controlled by Brazilian banks Banco Bradesco SA (BBD), Banco
do Brasil SA (BBAS3.BR) and Banco Santander SA (STD). In 3Q/09, VisaNet
posted a transaction Financial Volume rise of 21.3% Y/Y to R$ 54.2
billion; Net Operating Revenue grew 28.0% to R$924.4 million Y/Y;
Adjusted EBITDA of R$626.6 million, 37.9% up on 3Q08 and up 7.9% when
compared to 2Q/09(Cardflash International 10/29/2009).

Details

Hypercom Unveils a New Contactless Reader

Hypercom rolled-out its new contactless reader for payment and value-added transactions such as gift/loyalty, prepaid, ticketing and access control. The “R3210” features a clip-on, countertop or wall-mount design and plug and play setup that allows merchants using Hypercom’s “Optimum” terminals to upgrade their current device to accept mobile payments and other contactless transactions. The “R3210” contactless capability for stand-alone terminals or integrated payment solutions at quick service restaurants, convenience stores, pharmacies, gas stations and newspaper kiosks, as well as sports venues and public transit environments. The “R3210” is powered by a high speed 32-bit RISC-based processor and incorporates Hypercom’s TMS remote software management for unmatched reliability and ease of use. The unit features optional features such as a high contrast backlit display, and dual RS-232 port for extended connectivity.

Details

Dogster and Catster Offer Debit Cards

CA-based web publisher Dogster is now offering affinity debit cards via Tempo’s Web-based debit card platform
that members can personalize with a photo of their pet via Tempo’s Web-based debit card platform.
Dogster and Catster debit cardholders will receive
cash-back rewards for every signature-based purchase, with rewards
automatically deposited into cardholder accounts on a monthly basis.
Tempo technology makes it easy for organizations to offer affinity debit
cards and provides a web portal for consumers to apply for and activate
cards, as well as track purchases and rewards.Cardholders can use their Dogster and Catster branded debit cards
anywhere Debit MasterCard cards are accepted and also enjoy cash-back
and ATM withdrawal access to their existing checking accounts. The cards
are issued by Tempo partner First Bank & Trust of Brookings, SD, part of
Fishback Financial Corporation. Dogster and Catster are the fastest growing pet owner destination sites
on the Internet, providing information and entertainment to dog lovers
and cat lovers. CA-based Tempo manages all aspects of card issuance, including risk management,
application processing, card fulfillment, authorization and settlement.

Details

VERIFYSMART

With identity theft and credit card fraud costing US$50 million a
day(US$18.25 billion per annum) and CAD$8 million per day ($2.9 billion
per annum) in the US and Canada, respectively, this is considered the
fastest growing crime Y/Y. In response VerifySmart fraud free credit and
debit payment processing services has received a Solutions Request from
the “UK Bank” to encompass all aspects of global operations, including
the potential introduction of a fraud-free co-branded debit/credit/money
transfer card. With operations in 57 countries, the UK Bank is a major
credit and debit card issuer and provides financial services to a vast
range of individual, enterprise, multinational, investment banking and
asset management clients globally. VerifySmart executives and developers
are working together with the UK Bank’s security and card services
divisions to better understand the intricacies of its business and how
best to propose integration of all VerifySmart core technologies.

Details

North American Bancard Hires Sales Mgr

MI-based payment solutions provider North American Bancard has hired Marty Wood, previously with
Fast Transact, First Horizon Merchant Sales and Century Payments as a National Sales Manager.
Wood has an 18-year track record of working with Sales Teams and ISOs at
companies including PMT. INC., Fast Transact, Inc., First Horizon Merchant Sales
and Century Payments, LLC. His knack for successfully developing new sales channels
was a key reason for his hiring. North American Bancard provides merchant account
acquisition service and support, and deploys its payments products, services and
acceptance strategies to more than 100,000 clients who process more than
$7 billion in credit card, debit card, EBT, check guarantee and conversion,
prepaid/gift and ATM transactions annually.

Details

Discover Beefs-Up its Double Cashback Bonus

Discover is offering cardholders the opportunity to earn Double Cashback Bonus
on all online purchases, as well as at department stores, jewelry and apparel
retailers during the holiday season. Discover is offering Cardmembers “Greater Cashback Bonus” to earn 5% Cashback
Bonus on up to $400 in restaurant, movie and grocery store purchases through
December 31. Holiday shoppers who use Discover card’s
exclusive online shopping mall, “ShopDiscover”, for their online purchases can earn 5% to 20% Cashback Bonus or Double Miles,
shop at over 150 top online retailers and receive additional holiday Cashback Bonus at
over 35 retailers such as Macy’s, Kohls, and Best Buy and enjoy weekly specials, including free shipping, must-have gifts,
discounts, exclusive offers and more, through “ShopDiscover”‘s Hot Deals page. In addition to partner
gift cards, Discover Cardmembers can redeem their Cashback Bonus for popular
merchandise such as the Nintendo Wii, Playstation 3 and Apple iPod.

Details

ADS Reports 9.7% Charge-Offs In October

Private label card issuer Alliance Data Systems Corporation has released an update to its Private Label Credit segment.
Average managed receivables as of October 31 was $4,343,452, an 11% year-over-year
portfolio growth. Net charge off accounted for 35,138 accounting for 9.7% of managed receivables.
Management believes that the fourth quarter loss rates are stable
and tracking to the Company’s guidance. Due to the timing of certain
items, October was higher than the trend, while September was lower. The
average of these two months was in line with Management’s expectations
of a mid-9 percent rate. Managed data for the month of October excludes a small program that
has been terminated. It is not in Private Label’s top 20 programs and is
not considered material based on revenue or credit sales.

Details

ViVOtag and ViVOapps Hits the Market

NFC provider ViVOtech has launched the “ViVOtag” sticker solution and
the backend “ViVOapps” mLoyalty redemption software. “ViVOtag” provides intuitive
contactless technology which can be applied to any mobile phone today,
turning it into a loyalty device, which can dramatically increase
merchant loyalty card wallet share and consumer usage. Additionally, “ViVOapps” mLoyalty redemption software allows merchants to
bundle a loyalty program with mobile add, coupons and promotions and
deliver them via text, SMS or MMS message to the consumer’s mobile
phone. In order to redeem one or more coupons, the consumer simply taps
their ViVOtag enabled phone once onto the contactless POS at the
checkout. With this solution, consumers can also receive in-store
personalized services, advertising or offers by tapping their phone onto
contactless-enabled kiosks, digital signage, price checkers or POS
systems to notify merchants of their presence in the store.
ViVOtech’s solution has been designed to easily integrate with existing
mobile advertising, marketing, and loyalty programs, turning challenging
barcode or manual-code based mobile coupon redemptions into an easy to
use, and fast electronic redemption.

Details

BIO CARD

Gemalto digital security has launched its bio-sourced degradable smart
card. Made from renewable material, the new card can be incinerated
without emissions of toxic fumes. This is in conjunction with the
Company’s introduction of its packaging made from recycled paper and
vegetable inks. The bio-sourced smart cards complement Gemalto’s
portfolio of eco-friendly cards, made from paper-based materials for
short-term use, the Acrylonitrile Butadiene Styrene (ABS) and
Polyethylene Terephthalate Glycol (PETG) based products, chlorine-free
alternatives to PVC cards. The company opted for non-chlorine polymers
in the late 1990’s and today is adopting material stemming from
agro-products.

Details