Cabcharge Australia has awarded a multi-million dollar contract to VeriFone stipulating the deployment of 20,000 of its “Vx 810 Systems” for contactless payment acceptance in taxis across the Cabcharge fleet. Slated to begin in October for completion by December 2009, deployment of the VeriFone “Vx 810” PIN entry system payment module has been designed to provide drivers and passengers improved convenience, security and speed in the 96% of the Australian taxis that use the Cabcharge system. The Cabcharge system is used by 400 different taxi companies representing nearly 18,000 taxis. VeriFone’s “Vx 810” will be an integral part of Cabcharge’s next-generation fare management system, featuring “Chip and PIN,” “Pen and PIN” and contactless and will also support payments initiated from mobile phones using the emerging NFC standard.Details
Cabcharge Australia has awarded a multimillion dollar contract to
VeriFone stipulating the deployment of 20,000 of its “Vx 810 Systems”
for contactless payment acceptance in taxis across the Cabcharge fleet.
Slated to begin in October, and for completion by December 2009,
deployment of the VeriFone “Vx 810” PIN entry system payment module has
been designed to provide drivers and passengers improved convenience,
security and speed in the 96% of the Australian taxis that use the
Cabcharge system. The Cabcharge system is used by 400 different taxi
companies representing nearly 18,000 taxis while VeriFone Holdings
provides secure electronic payment solutions across the financial,
retail, hospitality, petroleum, government and healthcare vertical markets.
Fuel delivery manager Gilbarco and TN-based network provider have teamed
to streamline retailer transaction data
communication into a single secure converged network. The
partnership is designed to eliminate the complexity of implementing,
upgrading and supporting applications in the store environment. Often
store operators are left to assemble their own network hardware,
connections and service provider relationships when investing in a new
application. This often requires IP routing, security, installation and
application expertise that most store operators donât have. By
integrating the network solution with the applications, Gilbarco and
Cybera are dramatically simplifying the technical and operational
burdens many store operators face.
Capital One Financial Corporation and San Francisco-based national
advocacy and education organization, Consumer
Action, have launched new and interactive financial education eLearning
for consumers. The course offers consumers case studies, interactive
tips and exercises along with a variety of resources based on the
MoneyWi$e financial education materials which include “Talking to Teens
About Money”, “Managing Your Money”,
“Building Good Credit”, “Rebuilding Credit” and Savings to Build Wealth”.
Portland, OR-based TRM reports second quarter gross sales of $23.9 million compared to $23.5 million in 2Q/07. However, on a sequential basis, sales were up 32% compared to $18.1 million in the first quarter. The Company noted that during the quarter it completed the acquisition of Access To Money, one of the nation’s largest independent ATM deployers with approximately 4,248 transacting ATMs. The Company also secured $11 million in financing from Lampe Conway. The average number of withdrawals per ATM per month declined slightly and the average transaction-based sales per withdrawal was $2.36 per withdrawal in the second quarter of 2007 versus $2.34 in the second quarter of 2008. The average number of transacting ATMs was 11,823 during the second quarter of 2008 compared to an average of 10,473 during the second quarter of 2007. For more details on TRM’s latest performance visit CardData ([www.carddata.com](http://www.carddata.com)).
TRM HISTORICAL GROSS SALES
2Q/06: $27.6 million
3Q/06: $26.4 million
4Q/06: $24.9 million
1Q/07: $22.9 million
2Q/07: $23.5 million
3Q/07: $23.3 million
4Q/07: $24.2 million
1Q/08: $18.1 million
2Q/08: $23.9 million
Source: CardData (www.carddata.com)
Groupe Aeroplan has reported its 2Q/08 results showing gross billings of
$357.9 million and an operating income of $69.5 million. Additional
disclosure shows an adjusted net earnings of $60.8 million, free cash
flow of $43.6 million, a total of $87.2 million in cash/cash equivalents
and $457.8 million of short-term investments while adjusted EBITDA for
the quarter amounted to $77.3 million. New partnerships with Sobeys
groceries, Expedia travel provider, RadioShack/Telefonica electronics
and EgyptAir Airlines were also highlighted in the report. The
organization also launched the Aeroplan “eStore” to provide
opportunities to earn miles on everyday purchases in more than 10
product categories through over 90 retailers. Groupe Aeroplan
international loyalty management corporation provides services to
consumers around the world.
CT-based e-payment provider Evolution Benefits has entered into an agreement to license
its patented technology for substantiating debit card purchases to health and FSA provider
Humana. Humana will use the licensed technology
to substantiate Flexible Spending Account and Health Reimbursement
Arrangement card payments at the point of service. EBâs real-time data matching technology
has powered millions of transactions for a variety of employee benefit plan
designs. The point-of-service process authorizes only substantiated
payment requests, eliminating âpay and chaseâ. The technology further
enables the limitation of purchases on the card beyond the general
category of âhealthcare eligibleâ to goods and services specifically
allowed under an employerâs plan.
Fiserv information technology services has introduced its “Source
Capture Optimization” solution providing financial institutions to
enhance branch, teller, ATM, merchant and regional deposit
functionality. The new solution provides clients an integrated source
capture platform combining the “CheckFree” web-based application and
Fiserv image capture solutions for consistent image quality, fraud
protection, courtesy amount recognition (CAR), legal amount recognition
(LAR), remittance processing and ACH conversion features. Fiserv
provides information management, electronic commerce systems and has
nearly $4 billion in total revenue from continuing operations.
ePages e-commerce solutions has integrated Moneybookers for Global Reach
and Payments Expertise to provide hosted merchants secure credit card
and domestic payment options to customers. Integrated with ePages online
shop, Moneybookers allow merchants to minimize security concerns for a
wide variety of payment options through the Internet or e-mail from over
40 countries. Moneybookers European online payment systems currently
provides services to over 10,000 merchants, who in turn serve 5 million
customers, available in 12 different languages while ePages Software
powers more than 40,000 online shops for over 1,000 companies.
Fair Isaac has launched its “Fraud Alert Network Forum” to facilitate collaboration among financial institutions against fraud. The forum allows financial professionals to share tips, techniques and experiences to counter against increasingly sophisticated fraud schemes, counterfeit ATM/credit cards and phishing scams through collaboration in a secure environment. Ideally, members will discuss specific criminal
attacks and how to manage similar incidents on the “Fraud Alert Network Forum”, to which membership is free for banking, credit union and law enforcement professionals. The new forum was previously known as the “CardAlert Fraud Forum,” originally launched in 2002.
Alliance & Leicester Commercial Bank is rolling out a prepaid card
payments solution in response to the government’ plan to transfer
payment of housing benefit to claimants instead of landlords.
The change in the way housing benefits are paid came into force on 7
April, following the recommendations in the January 2006 Welfare Reform
Green Paper – Empowering people to work. The report was aimed at
financially empowering lower income tenants. The prepaid card solution
is particularly aimed at the 800,000 UK
citizens who receive housing benefit, while being classified as
“unbanked” (i.e. without access to a deposit or current account).
A prepaid card scheme will allow local authorities
to save up to 75 per cent of their processing costs for the payment of
housing benefits, as well as remove the on average cost of 10%
charge to the recipients when converting cheques to cash.
TX-based Payment Data Systems posted a 14% decline in second quarter revenues and a net loss of nearly $0.5 million. The Company noted that the primary contributing factor to the recent decline in revenues is the loss of its largest credit card processing merchant in the second quarter. Although this merchant had agreed to renew their processing agreement with PDS, the sponsoring bank did not approve the renewal. However, the loss was mitigated by acquiring twenty-seven new merchant accounts during the second quarter bringing the total number of merchant accounts to 363. Revenues for 2Q/08 were $659,045 and the net loss was $491,238. For complete details on PDS’ second quarter performance visit CardData ([www.carddata.com](http://www.carddata.com)).Details