Luxury amenities provider Elite Shares Club has issued a VISA debit card with Bank of America that gives members access to jet charters, luxury residences, and exotic automobiles. The Elite Shares Club provides high-net worth individuals and corporate executives with unlimited access to a portfolio of destination properties, private jet charters and exotic automobiles under a single membership. An Elite Shares Club membership provides total access to luxury amenities and more through strategic partnerships with the top vendors in the luxury fractional industry. Annual membership fees are $12,000.Details
FreeStar Technology Corp subsidiary, Rahaxi Processing Oy, has launched
its Multi-Currency IP Solution in Denmark providing clients with
convenient cross border payments. The new IP solution will be made
available to such companies as Copenhagen Souvenirs, B&O and Gullachsen,
is being met with good reception in Spain, Iceland and Denmark and is
part of FreeStar’s expansion/ investment strategy. Contributing to this
strategy is Rahaxi’s Denmark partner, CTcoin, providing additional
revenue potential in the respective market. FreeStar Technology Corp.
provides financial industry solutions to merchants and acquirers around
the world in over 20 countries while CTcoin supplies cash handling
products through its 70 employees and distributors in more than 40
HypoVereinsbank has introduced ten “Maestro” smart payment cards
in honor of Munich’s 850th anniversary. The cards feature motifs related to Munich. More than 7500 HVB customers have already ordered one of the ten picture cards in this first month of the special offer. Munich-based Giesecke & Devrient is producing the cards for HVB. The special picture cards can be ordered for a one-time fee of five euros by customers who already possess an HVB “Maestro” EC card. The new card also is included in the HVB “WillkommensKonto”, a charge-free salary account offered by the bank.
PA-based GiftCards.com is offering shoppers who spend $100 for VISA gift cards to receive a $25 rebate from eBillme. Offering $25 off of gift cards will certainly increase the continued adoption rate of eBillme on GiftCards.com. GiftCards.com began offering eBillme as a checkout option in November 2007. eBillme offer a secure, credit card free payment option for purchasing gift cards and allows GiftCards.com to offer the extremely popular “VirtualGift”, a gift card that can be sent via e-mail.Details
As a means of improving industry efforts to improve transaction data
protection, VISA has released its regional list of PCI DSS vendors,
disclosing 84 payment service providers in Asia Pacific process, store
or transmit VISA account information using the security standard. This
figure reflects 53 more payment providers have implemented PCI DSS since
2007 to ensure bank/merchant cardholder and transaction data is
protected under stringent industry security standards. This list is
update twice annually after a series of rigorous vendor
self-assessments, quarterly scans and regular audits by security
assessors including service providers of all sizes, even those
conducting fewer than 600,000 annual transactions. VISA provides its
services in over 170 countries.
Discover Card has been ranked number 1 in customer loyalty according to the latest Brand Keys Customer Loyalty Engagement Index. Discover Card has won the credit card category in the index 11 years in a row. They ranked ahead of Capital One, VISA, American Express and MasterCard. Brand Keys identifies the four most important drivers of brand loyalty in the credit card category as Rewards and Services; Fees and Flexibility; Ease and Speed of Interactions; and Protection and Precision.Details
St George Bank has upgraded its credit card platform to Fidelity
National Information Services’ “Base 2000” software as part of its
initiative to provide service choices to customers. In doing so, St
George joins the list of institution for which FIS provides card
processing in the Pacific Region, including National Australia Bank,
Macquarie Bank, Bank of New Zealand and Krung Thai Card, subsequently
increasing the number of accounts supported by the FIS’ Melbourne office
to over 7 million. St.George retail bank employs over 9,000 associates
while FL-based Fidelity National Information Services provides financial
services to 9,000 financial institutions in more than 80 countries.
NY-based Prepaid Resources prepaid debit resource company has launched its “PEARLS” provider referral listing service available to program sponsors. Charging these sponsors no fee, the “PEARLS” Service provides access to best-suited processors and program managers through its member-only network. Factors determining what the appropriate processors may be are program requirements, provider capabilities and alternative service providers. In providing debit resources, Prepaid Resources offers listing services, industry education and service/program management.Details
AirPlus International business travel payment solutions has reported a
16% increases in charge volume since 2006 and a subsequent 39% profit
increase to $28.1 million. Overall, transactions processed by AirPlus
were up 81 to 93 million while the number of employees grew from 641 to
720 throughout 2007, serving its 32,000 corporate customers worldwide
with ticket settlement for 260 airlines. These include such major
airlines as Air China, British Airways and Continental Airlines.
First Annapolis Consulting has promoted Sarah Phelps, Joel Van Arsdale, and Dave Woynerowski to Principal. Phelps specializes in the Card Issuing practice area and recently assumed a leadership role in establishing the oyalty program support service offering. Van Arsdale specializes in the Merchant Acquiring practice area and recently assumed a leadership role in expanding a presence in Europe. He has advised clients on broad strategic issues in areas such as structuring complex outsourcing partnerships and effectively managing payment-related costs. Woynerowski specializes in the Card Issuing practice area with a strong focus on partnership finance service offering where he advises leading companies on card-based alliances. His clients include the largest card partners in the retail, travel, and manufacturing sectors as well as leading financial institutions and payment networks. First Annapolis also offers a suite of specialized M&A advisory services that complements consulting practice.Details
CA-based CyberSource has announced plans to open a development center in
Belfast, Northern Ireland, which will be fully integrated with the
organization’s 4 existing development centers with a projected
employment of 20 engineers and support staff for its first year.
Providing CyberSource with assistance in establishing this staff and
providing development support with 840,000 pounds Sterling is Invest
Northern Ireland. Invest Northern Ireland is focused on sustaining
value-added, internationally competitive industry across the Northern
Ireland region and will allow CyberSource to accelerate growth without
increases in expected expenses with its investment.
Fiserv reports that its “CheckFree FraudNet” automated fraud detection and case management system has blocked more than 21,000 attempted fraudulent bill payment transactions totaling $287.9 million since the service went live in November 2005. FraudNet provides automated fraud detection and prevention for 462 U.S. financial institutions. A top-10 financial institution proactively detected and stopped more than $7.4 million in electronic payment fraud in a single month. The Company says FraudNet’s strength lies in the ability to leverage advanced algorithms and a powerful network of financial institutions sharing negative file data. It is also a centralized fraud detection and integrated case management system.Details