TNB Signs Town and Country CU for Processing

TNB Card Services has signed a processing agreement with ND-based Town and Country Credit Union’s $4.5 million card portfolio.
The $210 million credit union is the third largest in North Dakota. The agreement includes TNB’s innovative “VIP CardStation” and
“VIP Portfolio Pro”, part of its “VIP Solutions” portfolio management tools. With these capabilities, Town & Country CU will be able to internally manage daily monetary adjustments, including fees, balance transfers, and routine cardholder account updates. Management will also have access to reports related to settlement, collections, and delinquencies; this will enable them to better evaluate card performance, identify revenue opportunities, and spot portfolio trends. TNB will also take over the management of Town & Country CU’s back office cardholder operations, allowing the credit union to offer 24/7 cardholder support. TNB will also work with Town & Country to develop strategic promotions, as well as offer “Rewards2U” for its Platinum cardholders, to drive increased usage and acquire new cardholders.

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S1 Corporation Consolidates its Brand

Payment software provider S1 Corporation has consolidated Postilion, S1 Enterprise and FSB Solutions under a single brand called S1. S1 has consolidated the websites supporting the three brands into a single website (www.s1.com) and has adopted a single logo and established a supporting corporate identity for its single brand.
S1 Corporation supports 3,000 organizations worldwide with payments, online banking, mobile banking, voice banking, branch banking and lending solutions.

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Bass Pro Shops Offers wGiftCard Technology

CA-based Transaction Wireless has signed outdoor sport retailer Bass Pro Shops for a comprehensive mobile gift card program using TW’s patent pending wGiftCard technology. Under this agreement, Transaction Wireless will work with Bass Pro Shops to extend its gift card program to the mobile phone, creating a mobile experience for Bass Pro Shops customers, including point of sale redemption, personalization, balance checks as well as an innovative one-to-one marketing campaign, launching in 2010. The “wGiftCard” platform provides a simple, easy solution for gift card activations, balance inquiries, gifting among consumers, replacing stolen or lost cards, redemption, reloading cards, storing, tracking and monitoring. Transaction Wireless’ wGIFT suite includes solutions for gift cards, calling cards, coupons, loyalty programs, merchandise returns, notification/reminders, and targeted promotions, among others. In addition to point of sale redemption, the wGiftCard technology solution will allow Bass Pro Shops customers to personalize their gift card giving experience with customized mobile and email messaging. Short code balance checks provide convenience to the consumer while creating targeted marketing and promotional programs for Bass Pro Shops.

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GGP Malls to Offer a Gift Card Giveaway

Shopping center developer and owner General Growth Properties has launched its holiday program, “MerryGiving” featuring a Gift Card Giveaway at more than 160 malls. Participating GGP malls will promote an exclusive offer available to GGP shoppers who are members of The Club. The November 14th promotion includes $10 “GGP Gift Card” giveaways, while supplies last and special limited time retailer offers. Shoppers can also earn a $10 GGP Gift Card, while supplies last, by spending $100 or more at participating malls during the exclusive “After Thanksgiving Promotion” on Friday & Saturday, Nov. 27 & 28.

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CSI Fleet Fuel Card Gains Traction

CSI Enterprises’ “Fleet Fuel Card” has been launched for acceptance at almost all fuel locations across the United States, Mexico, Canada and the Caribbean. Using sources to bring that information to their
cardholders, including Smart Buy and CSI Gas Prices, CSI locates the best online low fuel price and offers universal acceptance. Additionally, CSI “Fleet Fuel Card Cards” can be assigned to either a driver or a vehicle; are limited to purchasing fuel only or fuel and automotive maintenance; may be limited by number of transactions per day; time of day or week and/or dollar amounts by day, week or month; can be monitored and tracked; and analyzed using online reporting. All of these controls are manageable by the customer online in real time.

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Cardinal Awarded Card Authentication Patent

OH-based CardinalCommerce has been granted a US patent for “Dynamic Number Authentication for Credit/Debit Cards”. At present, Cardinal’s intellectual property portfolio includes three US and three European patents, as well as other issued and pending patents. Cardinal Centinel enables payment brands such as Verified by Visa, MasterCard SecureCode, Amazon Payments, Bill Me Later, ClickandBuy, Cred-Ex, Ebates, eBillme, eLayaway, Google Checkout, Green Dot MoneyPak, Mazooma, Moneta, MyECheck, NACHA Secure Vault Payments, OneTouch Online Purchasing, paysafecard, PayPal, RevolutionCard, SafetyPay, TeleCheck, Ukash, and more to a network of thousands of merchants and merchant service providers.

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GEMALTO SAM

Gemalto digital security has deployed its “Secure Access Modules” (SAM)
for EasyCard payment terminals in Taiwan for eSECURE Technology. The
“SAM” card is used to upgrade existing payment terminals for contactless
use, providing nearly 16 million consumers a simple, fast and secure
means to make small sum payments. This development marks a new
advancement towards rendering the use of EasyCard, a Gemalto Channel
Partner Program member, similar to that of an electronic wallet. “SAM”
is delivered under the form of a small format microprocessor card that
can be inserted into a terminal, is a proven solution that is used as an
effective and simple means to provide local off-line security for
prepaid and small amount transactions, of which Gemalto has already
deployed several million.

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U.S. Q3 Credit Cards Drop by 100MM+ Y/Y

The number of Visa, American Express and MasterCard credit cards in the U.S. has declined more than 15% over the past year, dropping by nearly 100 million cards. Through the third quarter the number of credit cards-in-force for MasterCard was down 21.6% while American Express was down 11.0%. Through the second quarter Visa credit cards were down 7.8% year-on-year. (Discover does not publicly release number of cards.) According to CardData (www.carddata.com), as of September 30th, there were 551 million credit cards for Visa, MasterCard and American Express, compared to 650 million for 3Q/08. At the end of the third quarter MasterCard had 211 million credit cards, American Express had 39.8 million cards and Visa had an estimated 300 million credit cards. (Visa reported 309 million for the second quarter.) For the latest payment network statistics visit CardData (www.carddata.com).

U.S. CARDS IN FORCE
(Visa+MasterCard+Discover)
3Q/08: 650 million
4Q/08: 641 million
1Q/09: 600 million
2Q/09: 569 million
3Q/09: 551 million
Source: CardData (www.carddata.com)

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TransFS Card Terminal is Unveiled

Transparent Financial Services has launched the free “TransFS Card Terminal” iPhone app that provides businesses with credit card
acceptance capabilities. “The TransFS Card Terminal” is the first iPhone app of its kind to be free of cost and provide complete freedom of choice in credit card processor selection and offers businesses the ability to introduce or test mobile card acceptance without the fear of wasted cost or unwanted commitments. TransFS Card Terminal provides card acceptance capabilities without the cost of purchasing or leasing terminals. For new merchants and those just beginning to accept credit cards, this offers potential savings of hundreds of dollars per point of sale.

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MOBILE PAYMENT AMEX

American Express, Commercial Bank of China (ICBC) and Union Mobile Pay (UMPay) has launched the “Mobile Payment Card” dual-currency credit card with mobile account payment capabilities and features. The “Mobile Payment American Express Card” offers cardholders the advanced UMPay mobile e-commerce service for secure, convenient, and flexible online, offline, and mobile payment options. After activating their mobile payment function, cardholders can select merchants accepting mobile payments from their mobile phones and authorize payments for digital downloads, utilities, and other online and offline goods. The
transactions will be automatically charged to their ICBC “Mobile Payment
American Express Card” accounts in either the US dollar or Renminbi.

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Medical Marijuana Prepaid Card in the Works

A pre-paid loyalty and ID card for licensed medical marijuana dispensaries and collectives operating within the states of California and Colorado is in the works. Commerce Online and RedFin Network have teamed to offer the new card. The Commerce Online branded, pre-paid loyalty and ID card will be marketed through our new Collective Card Services division, and may be loaded to any denomination of funds with direct deposit at local bank, via the Internet, POS system by the member of the collective or medical dispensary. Fourteen states presently allow some use of marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maine, Maryland, Michigan, Montana, Nevada, New Mexico, Oregon, Rhode Island, Vermont and Washington. There are an estimated 300,000 to 400,000 medical marijuana patients in California.

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MIFARE TECHNOLOGY

NXP independent semiconductor and STMicroelectronics secure smart card
chips have signed a global strategic licensing agreement for NXP’s
“MIFARE” technology. This allows STMicroelectronics to integrate the
entire MIFARE family into its security solutions for mobile phone and
banking applications, facilitating the convergence of the MIFARE
infrastructure and NFC enabled mobile devices. ST can also include
MIFARE Classic and MIFARE DESFire technology into its leading (U)SIM
card ICs and other embedded secure solutions for the mobile phone
market, as well as into security solutions for PC readers and banking
card ICs. NXP Semiconductors provides High Performance Mixed Signal and
Standard Product solutions has about 29,000 employees working in more
than 30 countries while STMicroelectronics had 2008 net revenues of
$9.84 billion.

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