PAYPAL EXEC

Darrell MacMullin has been promoted to Canadian Country Manager with
PayPal responsible for the organization’s operations throughout the
country. His responsibilities will include marketing, communications,
finance, product management, business analytics, and customers support
throughout the country. This succeeds MacMullin’s role as the head of
merchant services, to which he was appointed in 2007, the position as
the director of marketing with the company, to which he was appointed in
2001, and his role as director of marketing with Chapters Online. He
also has a bachelor’s degree in Commerce and Communications from Ryerson
University. PayPal is owned by eBay and has over 63 million active
accounts in 190 markets around the world.

Details

7-CONNECT PREPAID

7-Eleven has introduced its “7-Connect” prepaid wireless program in 400
7-Eleven stores across Singapore. With this, 7-Eleven becomes the
first retailer to offer a pre-paid plan with free nights and weekends,
debuting a company-owned private-brand wireless program in Asia for a
retail cost of $30 per month. “7-Connect” was developed by Ztar Mobile,
using the 3G network services of Singapore’s M1 mobile service
providers, and offers free local voice calls on nights and weekends,
rates as low as 8 cents per minute, 5-cent local two-way text messaging,
15-cent global two-way text messaging, free caller ID, voice mail,
call-waiting and card top-ups for as low as $18 at countrywide 7-Eleven
locations.

Details

Interac Certifies Hypercom’s Artema Modular

Hypercom’s “Artema Modular” unattended payment terminal with MSC’s PIN
Pad API has received “Chip 2.0 PED Device Certification” from the
Canada’s Interac Association for use within the Interac Direct Payment
(IDP) network. The payment terminal implements a multi-layered security
system to protect data throughout the transaction, a secure, metal
keypad and card reader bezel that uses a motorized or manual card
reader. This certification allows integrators to use “Artema Modular”
securely in vending machines, ticketing machines, multi-media kiosks and
is in addition to other certifications provided the device such as PCI
PED, EMV Level 1 & 2 and ZKA. MSC provides POS service and support to
client customers across Canada while Hypercom Corporation delivers
solutions to businesses in more than 100 countries allowing secure
expansion of revenue and profit.

Details

PAYZONE BILL PAYMENT

Payzone payments has simplified its bill and utility payment structure
to improve its commission system in response to retailer demand for
improved remuneration on small transactions. Replacing the confusing
percentage of value capped process, the new system will be introduced on
August 1st, 2008 to provide retailers a simplified flat fee, a
guaranteed minimum of 5p on every transaction irrespective of the
consumer payment value, a three click rate for bar-coded bill payments
and prepaid utilities. Together with United Utilities and Anglian Water
bill payments, Payzone will provide over 650 housing associations with
the service, has operations in 21 countries across Europe, processes
over 630 million transactions annually through its network of over
240,000 points of service at more than 170,000 locations and its nearly
6,000 ATM cash dispensers.

Details

infoUSA.com Beefs-Up Prospect Databases

infoGROUP’s infoUSA.com division has launched its full-service marketing
solution for small businesses. The new solution allows users to build a
list of prospects from databases of 14 Million businesses and 210
million consumers through its‘Send a Postcard’ product. The mailings are
available in hundreds of online postcard designs and templates for
full-color printing on quality paper stocks. infoUSA.com also takes care
of addressing and sending the mailings and provides an option allowing
the user to track the status of the campaign. infoGROUP was founded in
1972 and owns 12 proprietary databases which its provides to its nearly
4 million customers.

Details

CITIBANK GUAM & MABUHAY

Citibank Guam & Philippine Airlines have partnered to introduce an air
miles program to allow Citibank credit cardholders to redeem rewards
points for Mabuhay Miles. This will allow Platinum, Gold and
Silver cardholders to take advantage of free travel and upgrades from
Philippine Airlines, to convert their points and redeem for flights to
destinations served by Philippines Airlines. Citi financial services
company has well over 200 million customer accounts and does business in
more than 100 countries providing consumer banking, consumer credit,
corporate banking, investment banking, securities brokerage and wealth
management.

Details

AMEX INTL 2Q/08

American Express reports that gross dollar volume on its international cards rose 26% and its international cardbase expanded 17% during the second quarter, compared to the year ago quarter. International Card & Global Commercial Services reported second quarter net income of $115 million, down 2% from a year ago. International Card Services revenues net of interest expense increased 20% to $1.3 billion, reflecting higher cardholder spending and borrowing. Total expenses increased 26% including marketing, promotion, rewards and cardholders services expenses increased 38% reflecting significantly increased marketing and promotion expenses and higher volume related rewards costs. Human resources and other operating expenses increased 19% from year-ago levels due to increased employee levels and higher professional services costs. Provisions for losses rose to $242 million, from $211 million a year ago reflecting growth in the loan portfolio and business volumes. For complete details on American Express’ second quarter results, visit CardData (www.carddata.com).

Details

AmEx Re-Launches the Members Project

American Express has launched its “Members Project” online initiative,
inviting cardmembers to submit ideas for 5 separate projects for
American Express to fund with an allotted $2.5 million. The best
projects will be decided on and nominated by everyone who chooses to
participate and narrowed down by an advisory panel of experts. The top
project receive $1.5 million, the second place project will receive
$500,000, the third place project will receive $300,000, two additional
projects will receive $100,000 in funding and will all be selected based
on the degree to which it creates a positive impact. This is in
conjunction with American Express’ “Desire to Do Good” survey,
demonstrating 92% of Americans believe in the power of ideas to help
change the world, 87% of those aged 18- to 39 believe one person can
help change the world, 71% of people aged 55 or older believe one person
can help change the world and 80% have done something in the past year
to help make an impact, including 57% who have made donations, 56% who
have given to charity and the 49% who have volunteered.

Details

WINCOR NIXDORF

Wincor Nixdorf AG has affirmed growth for 2007/2008, consistent with its
expectations for the full fiscal year ending September 30, 2008. Despite
a difficult business climate, Wincor’s growth was driven mainly by
business in the international arena and the ever-present demand within
the banking segment. In the first nine months of the current fiscal
year, the organization increased its net sales by 8% to EUR1.738
million, EBITA grew 10% to EUR152 million and the EBITA margin rose by
0.1% to 8.7% while group sales in the third quarter alone rose by 7%
Y/Y, contributing EUR555 million to the gain. Wincor Nixdorf has
delivered over 250,000 ATMs with automatic-deposit capability to date,
15,000 intelligent-deposit/ recycling systems and currently holds a 50%
European market share(CFI 3/13/08).

Details

U.S. Check Volumes to Drop to 17.9B by 2009

A new survey has found that while rapid adoption of electronic
payments provide faster transactions, business-to-business payments are
keeping the practice of payment with paper checks alive. TowerGroup
reports B2B
transactions account for nearly 60% of the total U.S. check dollar value
and contribute to the reason average U.S. check values are increasing
faster than any other payment type, although the numbers of individual
checks written continue to decline. TowerGroup research suggests check
volumes will decline to 17.9 billion transactions by the end of 2009,
which shrunk from a 2003 46% share of total US payment volume to a 2006
share of 31%. These findings are in conjunction with online bill payment
having increased at an annual rate of 29.6% from 2005 to 2007, which
TowerGroup projects will continue to grow through 2012 at a compound
rate of 18.7%.

Details