MOBYA INSTANT-PAY

mobya has made available its second phone application,”InstantPay,” for
the iPhone and Android platforms to allow users to initiate a payment
request for a loan or a sale. When users loan or sell an item, the
application promotes record keeping on their cell phone, the debtor
receives an email with a link allowing for repayment to the lender,
which can be fulfilled using a credit card or PayPal account. The
payment is then disbursed through the “InstantPay” application, which
can also be used to create a payment requests at a later time, keep
track of who has given you money and sending payment requests.
Additionally, it is free to download, free to use and is available now
on the App Store and the Android market. France-based mobya was launched
in 2009 to develop innovative and practical mobile apps for next
generation phones.

Details

June Leading Economic Index Points Positive

The Conference Board “Leading Economic Index” for the U.S. increased for the third
month in a row by 70 basis points and now stands at 100.3. Positive “LEI”
contributors include; interest rate spread, building permits, stock prices, weekly
initial claims (inverted), average weekly manufacturing hours, index of supplier
deliveries (vendor performance), and manufacturers’ new orders for consumer goods
while negative contributors include real money supply, manufacturers’ new orders
for non-defense capital goods and index of consumer expectations. CB says the
recession has been losing steam since the spring, although very large job losses
continue. Nevertheless, confidence is slowly rebuilding. Financial markets are less
volatile. Even the housing market is stabilizing. If these trends continue, expect
a slow recovery this autumn.

Details

WATCHDATA & CEPAS

Having already issued more than ten million multi-application smart
cards to various card issuers across the country, Watchdata smart card
and contactless technology solutions has announced its compliance with
the Singapore Standard for Contactless ePurse Application (CEPAS) and is
now the only card vendor authorized to supply the CEPAS-compliant cards.
Having met the strict testing criteria to provide such multi-application
smart card that is more secure, fast, efficient, flexible, interoperable
and cost effective, Watchdata has introduced such products as the
“TimeCOS” contactless smart card to conform to the “CC EAL5+” highest
level of security. Watchdata smart card and contactless technology
solutions conducts operations in Asia-Pacific, Europe, Latin America,
Africa and the Middle East.

Details

BARCLAYS SEAMILES

Carnival Cruise Lines will not be renewing its co-branded credit card
agreement with SeaMiles cruise loyalty and Barclays Bank Delaware come
December, 2009. SeaMiles intends to pursue opportunities through its
existing program with Chase with the “SeaMiles Chase Visa Rewards Card.”
Carnival “SeaMiles” recently partnered with Dania Beach Florida Cruise
Division to offer the Chase member benefits. SeaMiles offers cruise
patrons multiple rewards-earning opportunities with maximum flexibility
based on “Any Cruise Line…Any Time”. The cruise loyalty issuer has
already awarded more than two billion unit credits to its members
(CardFlash International 6/16/2009).

Details

Credit Capacity Index Risk Tool is Unveiled

A new forward-looking risk management tool has been unveiled that rank-orders consumers based on their ability to take on future debt. The new “Credit Capacity Index” was developed by Equifax and FICO.
It can provide value at different points across the credit account life cycle. The companies say that it can help credit card issuers avoid future credit defaults by predicting which cardholders can handle incremental debt if extended a higher credit limit. FICO optimized the “CCI” to be used in tandem with “BEACON 09” credit scores. Used together, “CCI” and “BEACON” can help lenders differentiate consumers who present the same repayment risk on their current obligations but vary in their capacity to assume new debt or incremental credit balances. The new tool is available through Equifax.

Details

MAY LEI

The Conference Board Leading Economic Index (LEI) for Germany increased
by 0.9% while The Conference Board Coincident Economic Index (CEI)
decreased 0.2% in May. With the May increase, the Conference Board LEI
for Germany now stands at 87.2 (2004=100), which increased 1.1% in April
and declined 0.9% in March, while the CEI now stands at 101.5
(2004=100), which decreased 0.2% in April and decreased 0.2% in March.
Positive LEI contributors include; new orders in investment goods
industries, new residential construction orders, yield spread, stock
prices and inventory change series while negative contributors include
consumer confidence, gross enterprises and properties income.

Details

Workers’ Compensation Visa Card Goes National

The nation’s leading card product delivering workers’ compensation
benefits has received approval, or non-objection, from more than 30
state workers’ compensation boards and industrial commissions.
The new “InsurCard Prepaid Visa,” issued by The Bancorp Bank, is now
approved in 38 states. NYC-based Stroock & Stroock & Lavan worked with
the state regulators to draft amendments to the laws to accommodate
payment by means of the “InsurCard.” The new program offers improved
fraud protection and cash control. In February InsurCard teamed with
First Insurance Company of Hawaii to offer the “InsurCard Visa Prepaid
Card” to pay out insurance claims. InsurCard is a wholly owned
subsidiary of Service Network Design. The Payment Solutions Group is the
prepaid division of SD-based The Bancorp Bank. (CF Library 2/25/09)

Details

Monitise Launches Mobile Money Apple App

Monitise Americas has launched the “Mobile Money” application
for the Apple App Store. “Mobile Money” gives iPhone and iPod touch users simple access to their
account information using a dynamic application that is easy to navigate
and safe to use. Monitise Americas offers “Mobile Money” services throughout the U.S. with
services ranging from an “essentials” package, which includes weekly
balance texts and account updates, to an “active” package, which
consists of real-time balance inquiries, mini-statements, account
transfers, bill payments, same-day payments and more.
Monitise Americas is a joint venture between Metavante Corporation, a
leading provider of banking and payments technologies to financial
institutions and businesses worldwide and Monitise plc (MONI.L), a
specialist in mobile banking technology.

Details

gPotato Offers the BillMyParents Option

The BillMyParents alternative payment system is now available on Gala-Net’s “gPotato” gaming portal.
Through the gPotato partnership, teens and tweens will be able to use
BillMyParents to purchase accessories and virtual currency for game play
upgrades within gPotato’s virtual world. Once a player has made his
selections, BillMyParents sends a notification to a parent or other
adult guardian via email or mobile text. Parents can approve or deny
each request individually or as a group, and communicate directly with
the child through the BillMyParents chat option. To complete the
transaction, the parent simply enters his or her credit card
information. The entire BillMyParents process can be completed within
minutes, and prevents the child from gaining access to sensitive credit
card information or other personal details.

Details

CITI INTL Q2

Citigroup reports that losses for its Latin America credit card business jumped to $80 million in the second quarter, driven by deterioration in its Mexico credit card portfolio. Card net credit loss rates increased from 11.4% in the second quarter of 2008 to 16.2% in the LAC region. In the EMEA region credit card losses were $34 million, compared to an $8 million profit in first quarter and a $31 million profit in the year ago quarter. Higher credit costs reflected continued credit deterioration, particularly in UAE, Turkey, Poland and Russia.
Asia, Citi’s only profitable region, posted only $6 million in second quarter card profits, compared to $28 million in the prior quarter and $103 million for 2Q/08. Card net credit loss rate increased to 6.0% from 3.4% in the prior year period for Asia. Credit deterioration was particularly apparent in the card portfolios in India and Korea. For complete details on Citi’s second quarter performance visit CardData (www.carddata.com).

Details

MasterCard Releases its Second iPhone App

MasterCard has released a new iPhone application which gives consumers a location-based utility to find and share their favorite picks with friends and family. The “Priceless Picks” application is free for download and is separated into five categories including “Priceless”, “Dining”, “Shopping”, “Entertainment” and “Other.” the new app also offers “Send to a Friend” that allows the user to share their “Priceless Picks” with others via email. “Priceless Picks” will be supported by an advertising campaign that includes three new 15 second “Priceless” television spots breaking next week, produced by McCann Erickson NY. “Priceless Picks” marks the second in a series of iPhone applications from MasterCard, following “MasterCard ATM Hunter,” which lets iPhone users locate the nearest ATM no matter where in the world they are.

Details