FINECUT LASER

Spartanics has introduced its “Finecut Laser Die Cutting Station,”
appealing to plastic card manufacturers seeking in-line laser die
cutting for their production lines. Powered by Spartanics software, the
in-line laser die cutter automates cutting sequences for optimum web
speeds, job run estimation tool, seamlessly cuts and stitches images to
create parts in unlimited part lengths, reloads jobs in seconds and has
100 meters/minute web speed using a single laser source. The “Finecut
Laser Die Cutting Station” also can be built into offset, digital or
screen print lines; positioned at any point in an assembly chassis; and
is preferable to traditional rotary die cutting stations for its higher
quality cutting, lower costs, and quicker job turnarounds. IL-based
Spartanics offers laser-based, steel rule die and male/female hard tool
cutting systems for finishing products made from flat stock materials
for insurance card, ID card, loyalty card and payment card providers.

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BUSINESS TRAVEL ALLIANCE

BMO Spend Payment Solutions has partnered with Tri-Pen TravelMaster
Technologies in the first of several partnerships that BMO will announce
in the coming weeks for its “Business Travel Alliance.” This latest
partnership addresses the needs of business meeting with customers,
prospects and partners while keeping costs down. In doing so, BMO
supplements standard travel addendum data with its own proprietary card
data to create purchase detail specific to the unique needs of clients.
The combining of BMO’s corporate card and spend management solutions and
TravelMaster’s decision support makes for its dashboard with
consolidated global T E data to control travel expense. This allows
travel managers, purchasing and financial executives to access and
analyze a range of information on T E expenditures. The dashboard
addresses the variance of booked versus actual expenditures; the booking
within corporate policy; potential savings not addressed; transaction
pattern of top vendors; and transaction patterns of individual travelers.

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Gemalto’s Second Quarter Revenues Rise 7.4%

Smart card specialist Gemalto reported $620 million in revenue for the second quarter, up 7.4% from one-year ago. For the first six months of 2009, operating income (EBIT) was flat at $106 million. At constant exchange rates, Secure Transactions revenue was up 3% to $170 million driven by further deployment of contactless payment cards, mainly in the EMEA region, offset the effects of inventory optimization measures of many customers. The proportion of personalized card improved again year on year, resulting in a 4% constant-rate increase in the revenue from personalization services. During 2009, Gemalto announced that its personalization service was chosen to support the NFC pilot in Singapore by Citibank, M1 mobile and Visa. In addition to successes in EMV migration projects and growth in personalization services, Gemalto also continues to gain market traction with its innovative offers, such as the selection by Nigeria’s “InterSwitch” for its “Instant Issuance” offer, and France’s LCL for its web-based photo-customization solution. Gemalto also notes that market traction for more advanced DDA products and contactless payment cards continued to be strong. Year on year, gross margin was lower by 3 percentage points, mainly due to the unfavorable currency evolutions against the Euro. For more details on Gemalto’s second quarter performance visit CardData (www.carddata.com).

GEMALTO REVENUES
2Q/08: $577 million
3Q/08: $599 million
4Q/08: $675 million
1Q/09: $526 million
2Q/09: $620 million
Source: CardData (www.carddata.com)

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BMO Business Travel Begins to Add Partners

BMO Spend Payment Solutions has formed a strategic partnership with Tri-Pen TravelMaster
Technologies to support the BMO Business Travel.
BMO supplements standard travel addendum data with its own proprietary
card data to create purchase detail specific to the unique needs of clients. When
added to booking data and brought into the TravelMaster dashboard, travel managers,
purchasing and financial executives can quickly and easily see and
analyze a wide range of information on T E expenditures. Reports are intuitive and
include a high-level view, as well as drill-down capabilities.
Combining BMO’s corporate card and spend management solutions for managing the entire procure-to-pay travel
lifecycle and TravelMaster’s decision support tools will deliver an innovative
dashboard that consolidates global T E data for fast, accurate analysis and complete
visibility and control over corporate travel expenditures.

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Walmart Expands into Low Priced Bill Payments

Walmart moves deeper into financial services by offering consumers low priced bill-paying services via its 3,755 domestic locations, including Walmart SuperCenters and Neighborhood Markets.
The retailing behemoth succeeded in driving down prepaid card prices to $3 and now offers next day “CheckFreePay” service from Fiserv for less than $2. Walmart already caps the check cashing fee at $3 for payroll and government checks. The “Walk-in Bill Payment and Same Day Bill Payment” services includes “Standard Delivery Bill Pay” by “CheckFreePay” (delivered within three business days) for $0.88; “Next-Day Delivery Bill Pay” by “CheckFreePay” for $1.88; “Same Day” by MoneyGram starting at $4.50; and “Money Orders” for $0.60 Walmart also offers the “Walmart MoneyCard,” a reloadable, pre-paid Visa debit card, for $3. The “CheckFreePay” service from Fiserv gives customers the ability to pay bills from more than 2,500 companies. The new Walmart service enables consumers to pay utility, landline phone, cable/satellite, credit card bills, auto and wireless phone at their local store.

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CONNECTING BUSINESS

Research shows 57% of businesses throughout the UK with an annual
turnover of more than GBP1 million characterized their outlook towards
the economy as ‘hopeful’, 17% are ‘excited’ and 75% are growing or will
within 12 months. Among this 75%, 15% see sustained growth within the
next six months, 28% see sustained growth within 6 to 12 months and 29%
see growth now. The “Connecting Business” survey, based on the responses
of 464 businesses, was carried out at Barclays Commercial and also
demonstrates 30% of businesses disclosed motivation was increasing among
employees; 54% showed employee motivation was holding steady; 5%
believed it would take more than 18 months to see sustained growth; 70%
are working towards creating or sustaining a profitable niche; and 9%
are focusing on just surviving.

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PreCash Card Adds Green Dot MoneyPak Reload

TX-based PreCash, processing service Galileo and prepaid product
provider Green Dot have partnered to offer
PreCash’s prepaid debit card-holders the ability to add cash to
their cards at nearly 50,000 additional U.S. retail locations by using a
“Green Dot MoneyPak”. To promote this new reloading option, Green Dot
and PreCash will be offering
PreCash’s Vision Premier((R)) Prepaid Visa((R)) Card with Direct Deposit
cardholders a “First Load Free” reward through the holiday season. For
Vision Premier Prepaid Visa Card cardholders who load their cards with a
Green Dot
MoneyPak between August 5, 2009 and December 31, 2009, PreCash will
rebate the load fee within four weeks of the transaction with a
statement credit.
In addition to Direct Deposit, PreCash cardholders can now
load cash onto their cards at more locations nationwide, including
Walgreens,
CVS/pharmacy, Rite Aid, Kmart and Kroger. PreCash offers the Vision
Premier Prepaid Visa card and other prepaid Visa and MasterCard
products, prepaid
debit card program management services, real-time cash bill payments,
prepaid wireless refills and payroll card products.

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Umpqua Bank Deploys Fiserv’s Mobile Money

OR-based Umpqua Bank has selected Fiserv’s “Mobile Money” to enable
customers to manage their finances using their mobile device.
Mobile Money features “triple play” technology that will allow Umpqua
customers to access accounts using SMS, a mobile
browser or an application downloaded to a BlackBerry smartphone or
Apple iPhone. Additionally, the exclusive RenderRight technology
utilized by Mobile Money will automatically customize the user interface
for the consumer’s mobile device, allowing Umpqua to deliver a
personalized mobile banking experience to each customer regardless of
their mobile device or carrier. “Mobile Money” is tightly integrated
into the Fiserv online banking and
bill pay services already used by Umpqua, which will allow the bank to
easily extend these applications to the mobile channel. Functionalities
available to customers will include: balance inquiries, transaction
history, account transfers, bill payments, a variety of account alerts
and an ATM and branch locater. “Mobile Money” is a secure application that
utilizes security best practices such as data encryption, along with
additional risk management safeguards. Mobile Money from Fiserv
incorporates technology from Atlanta-based
M-Com. M-Com and Fiserv announced their technology partnership in
September 2008 under the label Mobile Money from Fiserv.

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AVIANCA PPC

Sound Cash Global Solutions has launched the “Avianca Cash” reloadable
Visa Prepaid Card program. Offering consumers a general spend stored
value card issued by Metabank, the “Avianca Cash” provides users mobile
account management, “Avianca Plus” miles, PIN-less international LD,
international remittances and other card benefits. FL-based Sound Cash
joint venture company, which will serve as program manager for the Visa,
was formed between Avianca and Denarii specifically to deliver stored
value card programs coupled to mobile banking platforms for the airline
industry. Denarii Systems offers payment and information services across
its electronic transaction platform while Colombia-based Aerovías del
Continente Americano aviation company provides service to 20
destinations in Colombia and 19 cities in America and Europe.

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APAX & BANKRATE

Advised by Apax, BEN Merger Sub and BEN Holdings has completed its cash
tender offer for all of the outstanding shares of common stock of
Bankrate at $28.50 per share in cash. Upon expiration of the offer,
5,397,131 Bankrate shares had been validly tendered and not validly
withdrawn, including 635,671 shares tendered by notices of guaranteed
delivery, representing approximately 28% of the outstanding shares of
the organization. An additional 4,571,476 shares, approximately 24% of
the outstanding shares of Bankrate, are owned by directors and senior
managers, giving BEN Merger Sub voting control of approximately 52% of
the outstanding shares of Bankrate. BEN Merger Sub has also exercised
its “top-up” option granted under the merger agreement pursuant to which
Bankrate has agreed to issue shares to BEN Merger Sub in an amount
sufficient to achieve at least 80% ownership plus one share and permit
the completion of a “short-form” merger under applicable Florida law.

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ABS RESEARCH

Nearly 10% of Australians (1.7 million) aged 15 years and over were
unemployed at some time during in the 12 months preceding February 2009.
People aged 55 years and over spent 21 out of 52 weeks while those aged
15-19 spent only 13 out of 52 weeks, the longest and shortest periods
respectively. The average time spent looking for work whilst not working
was around 16 weeks for both men and women, the former being 4% more
likely to be out of work and looking for a job throughout the period.
Additional findings, based on research from the Australian Board of
Statistics, show 75% of those seeking employment had one period of
looking for work while not working during the twelve months to February
2009; 74% spent less than 26 weeks looking for work; and 7% looked for
the whole 12 months without finding a job.

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On Track Innovation’s Revenue Off 17% in 2009

NJ-based On Track Innovations reported that revenues declined 17% to $16.9 million in the first half of this year. Gross profit slipped 6% to $7.7 million. The Company previously reported that revenues were flat for the first quarter at $9.3 million. The GAAP net loss for the first quarter was $3.8 million, a 44% decrease, compared to the year ago quarter. OTI says its main goal is to bring the company to operating break-even position as quickly as possible. Based on the higher than expected decline in revenues in the first half, which is mainly attributed to the revenue reduction in the OEM and payments business segments and the delays in customers’ projects timetables, OTI updated its target revenues for 2009 to $34 million. OTI designs, develops and markets secure contactless microprocessor-based smart card technology. For complete details on OTI’s latest performance visit CardData (www.carddata.com).

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