AEROMEXICO VISA

U.S. Bank has unveiled the “AeroMexico Visa” and “AeroMexico
Visa Signature”. Customers can earn “AeroMexico Club Premier Miles”
for all their purchases. Miles can be redeemed for travel from 16 U.S.
airports served by AeroMexico to more than 40 destinations in Mexico as
well as other popular international destinations, including Buenos
Aires, Madrid, Paris, Rome, Tokyo, Sao Paulo and Shanghai, in the
airline’s global flight network. Additionally, AeroMexico’s
participation in the SkyTeam global airline alliance facilitates travel
to hundreds of other destinations around the world. New “AeroMexico Visa” cardholders can get on the fast track to award travel with up to 20,000 bonus miles (for “AeroMexico Visa Signature” cardholders) and a “Complimentary Companion Ticket” upon enrollment as well as discounted Web airfare purchases and double miles on AeroMexico ticket purchases using the card.

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Value Payment Systems Offers a Tax Option

TN-based Value Payment Systems has released the “BullseyeTax e-file and e-pay service”
that allows taxpayers to pay their federal taxes with a
credit card, debit card or Bill Me Later account. Taxpayers can pay the
IRS using a “Visa”,
“STAR” or “Pulse” debit card for a convenience fee of only $3.89 or with a
“Visa”, “MasterCard” or “Discover” credit card or “Bill Me Later” account
for only 2.25%. Value Payment Systems’ is the only organization that is an Authorized
E-File Provider, a Registered IRS E-File and E-Pay Service Provider and
owns and manages its own proprietary payment gateway for federal and
state tax payment processing. In an effort to continue to lower costs to the taxpayer and reduce the
expense required to manually process tax returns for the government,
BullseyeTax also allows taxpayers to prepare and e-file their 1040EZ tax
return and Form 4868 tax extension for free when they pay their federal
taxes with a credit card, debit card or Bill Me Later account. As an
added benefit, taxpayers who pay and e-file their tax extension through
BullseyeTax will automatically be eligible for a 6-month extension to
file their federal tax returns.

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February Retail Sales Pick-Up Surprisingly

Beating analysts’ expectations for a second straight month, February
retail sales showed surprising growth. According to the National Retail
Federation, retail industry sales for February (which exclude
automobiles, gas stations, and restaurants) rose 60 basis points
seasonally adjusted from January and decreased 5.0% unadjusted over last
year. Retail industry sales for January were revised up from 50 basis
points to 1.4% seasonally adjusted month-to-month. While year-over-year
comparisons look grim, month-to-month sales growth was a nice surprise
for retailers. Sales at furniture and home furnishing stores grew 0.7%
seasonally adjusted from January but decreased 14.8% unadjusted over
last year. Electronics and appliance stores sales increased 1.2%
seasonally adjusted month-to-month but decreased 4.9% unadjusted
year-over-year. Clothing and clothing accessory stores sales rose a
solid 2.8% seasonally adjusted from last month but decreased 6.5%
unadjusted from 2008.

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Alliance Data Systems Charge-Offs Moderate

Dallas-based Alliance Data Systems reports that total managed credit
losses in the Private Label Credit segment averaged 8.5% for the $4.3
billion portfolio in February, an decrease of 40 basis points from
January. The Company previously reported that delinquencies were in the
mid-6% range. Alliance Data also noted that the traditional lower Master
Trust to total managed loss spread no longer holds. Therefore, the
Company will provide a more relevant total managed loss rate each month
until the traditional relationship returns. Specifically, the Master
Trust tended to post loss rates 40-50 basis points below the Company’s
total managed loss rate. The loss rate for January averaged 9.3% in the
Master Trust, covering $3.4 billion in receivables, thus reversing its
historical relationship to the total managed file. For complete details
on Alliance Data Systems’ fourth quarter performance, visit CardData
(www.carddata.com).

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Granite Payment Alliance Offers Cause Marketing

GA-based merchant processor Granite Payment Alliance has launched a “Cause
Marketing” product designed to collect unused gift card balances.
This program allows community banks to support local charities or fund
raising organizations of their choice by raising funds without investing
any money. In 2007 gift card sales topped $100 billion of which $9
billion was left unspent. GPA gives community banks and their charities
the opportunity to collect the unused portion on those cards for a good
cause. GPA will provide the patented NBA-E collection program as a turnkey
solution, complete with marketing collateral, mailers, posters, tent
cards and statement inserts. A marketing representative will work with
the bank and the charities of choice to develop a targeted marketing
program that will allow them to maximize the collection effort.
Once the program is implemented, collection of the “partially used” gift
cards is accomplished through drop boxes in the branches, at the charity
sites or at local retailers who wish to participate. In addition GPA
co-ordinates with the bank to establish a landing web-page on the NBA-E
web-site, with their name, logo and their customized introduction that
will allow donors to make on-line donations in less than 5 minutes.

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Identity Theft Carries Big Cost to Consumers

According to the results of a Nationwide Insurance survey, nearly 50%
of respondents don’t have enough cash to fend off the effects of
identity theft. The new survey also found that 10% of identity theft
victims polled missed payments due to the crime. Of those victims, four
out of five say the theft caused serious repercussions – including lower
credit scores, utilities shut off, bankruptcy, vehicle repossession,
home foreclosure or even jail time. According to Nationwide’s survey,
identity theft victims tend to be Caucasian, female, ages 35-54,
college-educated, married, and employed full time. Additionally, people
who are separated or divorced, and those making $75,000 or more a year
are more likely to fall prey to identity theft than the general
population. This is the third in a continuing series of surveys
conducted to better understand identify theft and the impact on its
victims. A 2005 Nationwide survey showed the average amount of total
charges made using a victim’s identity was $3,968. While most victims
were not held responsible for fraudulent charges, 16% reported paying an
average of $6,440 to cover some or all of the thief’s purchases.

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U.S. Bank Introduces Two AeroMexico Visas

U.S. Bank has unveiled the “AeroMexico Visa” and “AeroMexico
Visa Signature”. Customers can earn “AeroMexico Club Premier Miles”
for all their purchases. Miles can be redeemed for travel from 16 U.S.
airports served by AeroMexico to more than 40 destinations in Mexico as
well as other popular international destinations, including Buenos
Aires, Madrid, Paris, Rome, Tokyo, Sao Paulo and Shanghai, in the
airline’s global flight network. Additionally, AeroMexico’s
participation in the SkyTeam global airline alliance facilitates travel
to hundreds of other destinations around the world. New “AeroMexico
Visa” cardholders can get on the fast track to award travel with up to
20,000 bonus miles (for “AeroMexico Visa Signature” cardholders) and a
“Complimentary Companion Ticket” upon enrollment as well as discounted
Web airfare purchases and double miles on AeroMexico ticket purchases
using the card.

Details

Franklin B&T Opts for DCS’ CardWizard

Instant card issuer Dynamic Card Solutions has installed
“CardWizard” software in KY-based Franklin Bank and Trust.
Franklin Bank and Trust allows new customers
who open a checking account, as well as existing customers who need a
replacement debit card, to simply walk into the branch and receive an
unembossed personalized card in a matter of minutes. The Visa debit
cards are printed and presented to the customer at the time of their
visit and can be immediately used when they leave the branch.
Franklin Bank and Trust offers a variety of images that cardholders can
select for their card background including special ‘local’ community
images. Once the background is selected, DCS’ CardWizard software
transfers all personalization data to the FCP 20/20 where the highly
personalized card is securely and immediately printed in brilliant,
high-definition color onto both sides of white blank card stock.

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Mobile Banking and Payments Report Released

Research and Markets has announced the addition of Berg Insight AB’s new report “Mobile
Banking and Payments” to their offering. The strategic research report provides business intelligence and expert commentary on which to
base your business decisions and offers answers the following questions: how will mobile payments evolve beyond premium SMS;
why are public transport organisations adopting mobile ticketing
technology; what is the current status for network independent WAP billing; what will be the future role for transactional networks and
credit cards in mobile payments; when will NFC allow integration of payment cards in mobile handsets; what are the business opportunities for mobile operators in
international money transfer; how can mobile technology be applied to extend the reach of
today’s online banks; what is the true potential for providing mobile financial
services to the unbanked population in emerging markets and who are the most important players to watch in the mobile banking
and payments ecosystem?

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Scotia Momentum Visa Card in Introduced

Scotiabank has introduced the “Scotia Momentum Visa,” offering a full 2% cash back on gas station, grocery store, drug store and recurring-payment purchases across Canada. The new “Scotia Momentum Visa” replaces the discontinued “Scotia Moneyback Visa” product. Other key features of the new card include: full cash back rewards, as opposed to a tiered system of rewards and two per cent cash back can be earned at any merchant classified by Visa as a gas station, a grocery store, a drug store, or as a recurring payment merchant. The new card takes its place in a credit card market where 45% of Canadians say they have not changed their spending habits in the last six months, 36% say they are spending more and 19% spending less, according to a Harris/Decima poll.

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TNB Card Services Signs the Gesa Credit Union

WA-based Gesa Credit Union has transferred its $15 million card portfolio to TNB.
Through the new processing agreement, Gesa plans to add a new consumer
credit card product that will include TNB’s “Rewards2U” . Gesa will also
add a student card to serve its younger members. The credit union will
leverage TNB’s portfolio consultants to assess the portfolio and realign
its pricing based on individual cardholder risk. On April 1, Gesa CU will roll out its new business member program,
including checking and savings accounts, lending, a debit card, and a
business credit card, to target companies operating in the Tri-Cities,
Walla Walla and Wenatchee. The credit union is also handing over the reins of its retail card
processing to TNB after having managed the program internally since its
inception. More than 8,600 card accounts will be converted to TNB’s
processing platform.

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