Online Resources has established a multi-year agreement with Global Payment subsidiary DolEx to provide bill payment services. Online Resources enables DolEx to offer its customers electronic payment services that combine the convenience of walk-up cash remittance with timely payments to a wide distribution network of billers. The three tiers of electronic bill payment services that are currently available include expedited payments, with guaranteed same-day posting to billers in Online Resources’ extensive network; next day guaranteed payments to Online Resources’ biller network; and standard online bill pay to virtually any payee in the United States.Details
VendTek Systems automated transaction systems software has signed a
distribution agreement with MoreMagic Solutions International and
Roaming Recharge Solutions. With these developments, customers can
purchase mobile phone top ups from international wireless carriers to
add value to the mobile phones of relatives overseas in such regions as
the Caribbean, Latin America, Pakistan and India through the VendTek
“Now Prepay” network, available at VendTek retailers in Canada.
Regardless of where in the world the recipient is located, the top-up
transaction can be completed in seconds for immediate access to the
value added to their mobile phone. This new product was introduced to
appeal to the 3.9 million immigrants having arrived between 1980 and
2001, with an annual average of 180,000 arriving yearly.
HSBC bank and Royal Brunei Airlines have announced a relaunch of the
partnership between the two organizations. Initially signed in 2004, the
recent agreements between HSBC and Royal Brunei Airlines’ frequent flyer
program, “Royal Skies,” are designed to ensure continuation of expanding
membership to include the clientele of the bank while adding value to
cardholders of both organizations. In doing so, HSBC credit cardholders
can redeem their credit card points for Royal Skies air miles at a rate
of 1 “Royal Skies mile” for every 2 credit card points accumulated,
which can then be used to acquire free flights and flight upgrades on
Royal Brunei Airlines.
The Conference Board of France has released business cycle indicators
for April 2008 with the leading index having decreased 0.1% and the
coincident index having increased 0.1% for the month. Additional
findings show the leading index fell 1.8% between October 2007 to April
2008, down from a growth of .9% for the same period the year prior, and
the coincident index rose .2% between October 2007 and April 2008, among
a period of relative balance of strengths and weaknesses. Meanwhile,
real GDP was up to a 2.6% annual rate for 1Q/08 from a 2.1% average
annual rate during 2H/07. Founded in 1916, The Conference Board is a
business membership and research network to help executives build
professional relationships, expand business knowledge and find solutions
to business challenges.
CO-based ISO Total Merchant Services has signed a deal to purchase a minimum of 25,000 Hypercom’s “Optimum T4100” multi-application card payment terminals and also beta test Hypercom’s new “Optimum T4220 Ethernet” and “Dial” back-up devices. Total Merchant Services also named Hypercom as its preferred provider of card payment terminals. Total Merchant Services’ “Sell, Lease or Place” free terminal program enables sales partners “to put their residual commissions on overdrive by placing Hypercom terminals at merchant locations for free. In addition, to off-set the loss of money from not selling or leasing the terminal, Total Merchant Services sales partners can earn $200 production bonuses or between $300-$500 in upfront conversion bonus payments on accounts currently processing over $10,000 per month.Details
Spartanics has made available its “M510 Compact Card Punching System”
around the world. Targeting printers, card manufacturers, and other
areas producing small volumes of hotel keys, loyalty cards, phone cards,
gift cards or membership cards, Spartanics’ “M510” incorporates its
electro-optical registration technology and is no larger than a
photocopier. The system allows users to output up to 9,000 cards/hour at
50 strokes/minute and is the latest addition to the line of the
Spartanics Plastic Card Punching Systems. Spartanics provides equipment
for screen printing, card punching, plastic card inspection, automated
counting, and other tools for the finishing of flat stock materials.
The United States Tennis Association and Chase have teamed to roll-out the “USTA Visa Signature” card with “Chase Flexible Rewards.” Cardholders receive one point for every dollar spent using the card as well as a zero percent introductory APR and no annual fee. After that, a 10.99% variable APR apples to the “Signature” card or a 14.99% variable APR applies to the “Platinum” card, depending on the credit score. The card APR is based on the prime rate plus 5.99% to 9.99%. Reward points can be redeemed for tennis merchandise including a Wilson “Factor Pro Tour” racquet, racquet bags, or a selection of travel and gift certificates or cash. A service fee of up to $25.00 may be charged for the use of “Reward Headquarters” services for redemption of air travel. The USTA has 720,000 members as of March 31, 2008.Details
LML Payment Systems has reported its 4Q/08 and its year-ended March 31,
2008-fiscals, with revenue for the quarter having increased 107% to $3.3
million and revenue for the year having increased 73% to $11.3 million.
Additional figures show the organization’s 4Q cash flow was $801,000 and
LML received a new electronic check processing U.S. patent. Meanwhile,
throughout the fiscal year, the company acquired Beanstream Internet
Commerce, repositioned check operations as part of the business
transition and posted a cashflow of $540,000. LML Payment Systems
provides credit card, online debit, electronic funds transfer and
automated clearinghouse payment processing solutions for e-commerce and
Joining AirTran, Sun Country Airlines has introduced its “Cashless Cabin”. The project allows for the acceptance of Visa and Mastercard card payments in exchange for consumer goods which are available for in-flight sale on Sun Country flights. Cash and checks will not be accepted. Providing both patrons and flight attendants with efficiency and convenience, the “Cashless Cabin” project payments are posted to the consumer’s payment card within 24 hours of the transaction. Sun Country Airlines is based in St. Paul, Minnesota and provides affordable airline travel while its holding company, Petters Group Worldwide is a privately held company with investments in over 60 companies around the world.Details
Global Payments electronic transaction processing solutions and HSBC
Bank have signed agreements for a strategic joint venture, “HSBC
Merchant Services,” to provide payment processing services to merchants
across the United Kingdom and Internet merchants across the world. Under
the terms of the agreements, Global Payments will pay HSBC $439 million
in cash to acquire 51% majority ownership in “HSBC Merchant Services,”
while the bank will control 49% and will provide customer referrals to
the new service as part of 10-year marketing alliance between the
organizations. The merchant acquiring business generated revenue of
approximately $229 million for HSBC in 2007 while the bank itself has
assets of nearly $2.4 trillion, almost 10,000 offices in 83 countries
and commands a 15% UK market share.
Hong Leong Bank says it expects to sign-up more than 20,000
cardholders within a year for its new co-branded credit card with the
Associated Chinese Chambers of Commerce and Industry of Malaysia.
The new card is targeted at ACCCIM members who seek business networking
opportunities and value-for-money added features in a credit card.
ACCCIM currently has more than 81,000 members. Cardholders will also be given annual fee waiver for the first three years, consolidated year-end statements, pre-approved three times trading line for Hong Leong E-broking and a free “Touch ‘n Go Zing Visa” for principal cardholders.
Currently, the bank has about 700,000 cards in circulation.
Since the debit card launch in June 2007, BMO debit card’s AIR MILES
Collectors have been getting more air mileage out of their everyday
banking with potential increases of nearly 30% for around 1170 reward
miles per year. The BMO debit card provides users the opportunity to
double earning potential when combined with a “Mosaik MasterCard” and
additional BMO Bank of Montreal products. Moreover, with the product
launch, the number of collectors eligible to earn AIR MILES on debit
purchases has grown 28%, having earned enough total points for
redemption for more than 12,500 Panasonic Viera 42-inch HDTV Plasma TVs,
more than 40,000 Broil King Signet 50,000 BTUs BBQs, more than 43,000
trips for two to Orlando from Toronto and more than 60,000 8GB iPod
Touches. AIR MILES serves more than 9 million active collectors across