While Visa and MasterCard U.S. credit and debit card purchase dollar volume declined 2% in the fourth quarter, outside the U.S. the credit card debit card PDV dropped 3%. According to CardData, Visa and MasterCard posted $512 billion in non-U.S. or international PDV in 4Q/08, compared to $526 billion in 4Q/07. In the U.S. the credit and debit card PDV declined from $633 billion in 4Q/07 to $619 billion in 4Q/08. Visa reported a worldwide decline in PDV of 0.9% in 4Q/08. Visa’s U.S. PDV dropped 1.1% while Canada declined 15.4% and the Latin American region slipped 0.4%. MasterCard posted a 3.3% gain in global PDV in the fourth quarter. All non-U.S. regions for MasterCard reported fourth quarter gains. In the U.S., the PDV declined 4.6% in 4Q/08, according to CardData (www.carddata.com).Details
Giesecke & Devrient has again teamed with technology networker
Munich Network to host the second Mobile
Security Forum at G&D’s Munich headquarters. A total of 12 companies are taking part in this year’s Mobile
Security Forum. Their presentations cover a broad spectrum of
security solutions from the world of mobile communications.
5eDataSoft GmbH is showcasing a Linux/OSS-based software system for
mobile multimedia devices, while ALK Solutions GmbH is focusing on
development of customer communication software. AXSionics AG operates
a platform for mutual authentication of people and organizations via
the Internet and also offers security for electronic transactions via
any data network. Contnet AG specializes in mobile messaging and
billing of mobile marketing services. C-SAM Inc. focuses on
delivering convenient, secure, flexible, and transparent Internet
transactions. iC Compas GmbH & Co KG offers applications based on
smart card and biometric solutions for authentication and encryption
of data and e-mails. ISA Telematics GmbH is a systems integrator for
GPS-based emergency and telematics solutions that can be used both
for people and for tracking vehicles, containers, and mobile goods.
major soft GmbH is presenting a Web-based content management system
for businesses that can be deployed in a matter of minutes. MobiNetS
offers modular server solutions for mobile payment, while NCP’s
solution simplifies Internet access to central corporate networks.
Using biometric speech recognition technology, Speech Technology
Center has developed a voice PIN, e.g., for cell phone security.
Xmail AG is presenting a flexible system for e-mail archiving aimed
at the mass market. Munich Network connects technology companies with each other, with
R&D resources, and with the international community.
Dynamic Card Solutions taps Ryan Goss to lead development team focused on Latin American and Caribbean markets.
Continuing to expand on DCSâ global reach, the Latin American
market offers another substantial opportunity for financial institutions
in that region who issue Visa and MasterCard chip-based cards. Dynamic Card Solutions develops
instant issuance and PIN selection solutions for banks, credit unions
and retailers that issue EMV, contactless and magnetic stripe cards. DCS
is a instant issuance provider for Visa and MasterCard debit cards.
Over 460 financial institutions and 5,000 branches worldwide are
currently running DCSâ “CardWizard” software and associated hardware.
Wireless services provider KORE Telematics has teamed
with Blue Bamboo to help power electronic payments using the “H50” Terminal, a new entry in
the rapidly growing wireless point-of-sale marketplace.
Blue Bamboo’s all-in-one “H50” is a versatile handheld POS terminal with
configurable communication modules supporting GPRS, Bluetooth and
dial-up connectivity. Its GPD/STIP multi-merchant, multi-application
platform enables highly flexible payment processing. The “H50” has
received PCI-PED, EMV Level 1 & 2, PABP and MasterCard PTS
certifications. Packaged in a sleek ergonomic design, the “H50” enables
mobile professionals to process secure, electronic payments in a simple,
reliable and affordable manner. With Blue Bamboo’s “H50” Terminal,
merchants can save time, reduce processing fees, prevent fraud and
minimize losses resulting from non-swiped transactionsÃ¢ÂÂall of which
contribute to a quick return on their technology investment. KORE
provides Blue Bamboo with an integrated wireless network with the
coverage, reliability, comprehensive management and optimized usage
plans required to deliver these POS payment applications.
Smart Card specification body GlobalPlatform welcomes CARDigence as its newest
Consultant Member. The independent consultancy, which specializes in
providing strategic and technical consulting and implementation services
for smart card projects, joins GlobalPlatform to gain an insight into
the organization’s latest advancements within the mobile and ID card
sectors. As a Consultant Member, CARDigence will be able to monitor developments
in GlobalPlatform’s card, device and systems technology and debate the
organization’s business and technical priorities by participating in the
Advisory Council; a forum attended by GlobalPlatform’s Executive
Committee and Board of Directors. The company will also have the
opportunity to engage in GlobalPlatform’s Government and Mobile Task
Transaction service provider International Card Establishment has posted a loss for the first quarter.
I.C.E. had net revenue of
$1,517,714 and a net loss of $(67,536) ($0.00 per share) versus net
revenue of $1,940,679 and a net loss of $(5,545) ($0.00 per share) for
the comparable year ago period. Net revenues decreased by $422,965 for the three months ended March 31,
2009 due mainly to the poor economy, as well as continued attrition of
merchant accounts and tighter credit policies. I.C.E. establishes merchant
accounts for businesses that enable them to accept credit cards, debit
cards and other forms of electronic payments; supplies point-of-sale
systems; facilitates processing; and markets a proprietary Gift and
Loyalty system that enables merchants to offer custom store-branded gift
and loyalty cards and marketing and promotional tools.
NJ-based United Bank Card is now processing transactions on the
can be conducted through an Authorize.net online gateway via the iPhone
application which can be downloaded through Appleâs âApp Store.â Class B
available through UBC.
United Bank Card currently handles the merchant accounts for over 100,000
processes in excess of 9 billion dollars annually.
Direct mail credit card offers declined 67% year-on-year during the
first quarter. The Q1 sharp drop follows a 55% decrease in the fourth
quarter and a 20% decline in the third quarter. For the full year of
2008 there were 3.8 billion solicitations mailed, compared to 5.2
billion in 2007. According to Synovate’s “Mail Monitor,” U.S. households
received 372.4 million offers during the first quarter, compared to
1131.6 million offers received during 1Q/08. The market tracker found
that direct mail offers carrying an annual fee rose from 18% in 1Q/08 to
27% in 1Q/09. Also, fee based cards now reflect an increasing proportion
of both reward/rebate and non-reward/rebate card solicitations. In the
first quarter, 24% of reward/rebate offers carried an annual fee versus
18% in the first quarter of 2008. At the same time, 42% of
non-reward/rebate offers carried an annual fee versus 19% in the prior year.
CREDIT CARD SOLICITATIONS
1Q/07: 1372 million
2Q/07: 1275 million
3Q/07: 1290 million
4Q/07: 1286 million
1Q/08: 1132 million
2Q/08: 1060 million
3Q/08: 1032 million
4Q/08: 576 million
1Q/09: 372 million
Source: Synovate Mail Monitor
Hypercom’s 32-bit multi-application “Optimum T4200” and “M4200”
countertop and mobile transaction terminals are officially approved as
compliant with the current EMV POS terminal specification from the
Central Credit Committee (Zentraler Kreditausschuss Ã¢ÂÂ ZKA) in Germany.
The Optimum countertop and mobile series has received PCI PED security
approval, MasterCard Worldwide Payment Terminal Security approval for IP
and wireless communication, and EMV Level 1 & 2 certifications for chip
card transactions. All models share the same platform, user interface
and software toolkit to maximize efficiency, application portability and
offer customers a broad range of options to serve any market need.
Additionally, Hypercom’s Artema software now runs on the Optimum T4200
and M4200 family of terminals.
While Visa and MasterCard U.S. credit and debit card purchase dollar volume declined 2% in the fourth quarter, outside the U.S. the credit card debit card PDV dropped 3%. According to CardData, Visa and MasterCard posted $512 billion in non-U.S. or international PDV in 4Q/08, compared to $526 billion in 4Q/07. In the U.S. the credit and debit card PDV declined from $633 billion in 4Q/07 to $619 billion in 4Q/08. Visa reported a worldwide decline in PDV of 0.9% in 4Q/08. Visa’s U.S. PDV dropped 1.1% while Canada declined 15.4% and the Latin American region slipped 0.4%. MasterCard posted a 3.3% gain in global PDV in the fourth quarter. All non-U.S. regions for MasterCard reported fourth quarter gains. In the U.S., the PDV declined 4.6% in 4Q/08, according to CardData (www.carddata.com).
VISA MASTERCARD TOTAL
4Q/07: $268 $258 $526
1Q/08: $264 $247 $511
2Q/08: $276 $272 $548
3Q/08: $280 $280 $560
4Q/08: $266 $246 $512
Source: CardData (www.carddata.com)
A new survey has found that more than two-thirds of travelers said they
preferred the convenience of converting currency in the U.S. and
indicated concern over locating an exchanger in an unfamiliar country.
The research conducted by Travelex also found that nearly 70% of survey
respondents indicated that at least one of their top three reasons for
exchanging domestically was price-related. A combined 54% of customers
said they were worried theyâd pay higher fees or higher exchange rates
at their destination. Also, 29% exchanged domestically to receive a
currency return guarantee. Travelex says it has seen a 70% increase in
sales of its “Cash Passport,” a pre-paid currency card with bank-card
functionality, as well as locked-in exchange rates, PIN protection and
replacement in case of loss or theft.
A new mobile credit card processing solution has been introduced for a one-time merchant account setup cost of $59.95 and a $19.95 per month fee. Transaction ranges from 1.64% to 3.54%, with no additional fees or long-term contracts. The new Intuit “GoPayment” enables small businesses to process credit card payments via a mobile phone. The new service also offers optional Bluetooth hardware. These small and lightweight mobile accessories include a card swipe that
automatically reads credit card data, reducing manual entry. In
addition, a combination card swipe and printer automatically populates
card data and lets business owners give customers a printed receipt on
the spot. “GoPayment” users can easily access Intuitâs
online “Merchant Service Center” to search, view and create reports.
Business owners who use “QuickBooks” can save time by downloading their
transactions from the “Merchant Service Center” directly into “QuickBooks Pro” or “Premier 2009.” Intuit “GoPayment” uses the same technology (128-bit SSL encryption) as the financial services industry standard to protect information during transmission. Sensitive credit card information is never stored on the handset and each user has a unique login and password to access “GoPayment” data.