Fiserv has teamed with SunTrust to donate one tree for every SunTrust customer that signs up for electronic bill activation. Customer must pay at least three bills online or via a mobile phone between April 14 and June 30th. Fiserv and SunTrust have set a goal of planting more than 10,000 trees as part of the campaign. According to a 2007 green banking study by Javelin Strategy and Research, if all U.S. households viewed and paid bills online, it would save 16.5 million trees each year.Details
CA-based Obopay has secured $20 million in venture funding for the 4th round in conjunction with the addition to new members of its board. Funds were raised with investors including Essar Communications Holdings Limited, Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Citi, Qualcomm, and Promethean while K B Rajendran and Robert G. Hottensen were appointed to the organization’s board of directors. K B Rajendran is an engineering graduate from National Institute of Technology Calicut and has over 17 years experience in the telecom and payments businesses while Hottensen has experience as a managing director with Goldman Sachs.Details
Air China and Airplus have signed partnership agreements for the introduction of the “Air China AirPlus Company Account” to provide customers with travel payment options on Air China flights and tariffs. The account provides corporate travel managers with a payment tool for air travel, access to aggregated data, allows comprehensive analysis of travel-related expenses, is designed to save time, recognize tangible cost reduction and provide access to corporate net rates. The offering will be made available in July of 2008, prior to the Olympic Games, and is being introduced in conjunction with the AirPlus Payment Management Co subsidiary based in Shanghai. AirPlus International has over 32,000 corporate customers worldwide and settles flight tickets from more than 260 airlines while Air China Limited operates 230 routes within 28 countries and regions, serves 71 cities in China and 43 international cities.Details
UK based card processor ID Data Group has won a contract to supply bank and co-branded cards to a large financial services company. The initial three year contract is expected to lead to further business as ID Data proves its skills and capabilities to the client that includes “touch and go” payment technology alongside its traditional technology which is used for chip and pin transactions. ID Data is one of the few “Multos” issuing partners in the world, where it can develop and deliver multi application technology using the Multos platform.Details
UK based card processor ID Data Group has won a contract to supply bank and co-branded cards
to a large financial services company. The initial three year
contract is expected to lead to further business as ID Data proves its skills
and capabilities to the client that includes “touch and
go” payment technology alongside its traditional technology which is used for
chip and pin transactions. ID Data is one of the few “Multos” issuing partners in the world, where it
can develop and deliver multi application technology using the Multos platform.
MN-based content management provider Metafile has underwritten a white paper by the Aberdeen Group that examines the value of accounts payable automation. The report, titled “E-Payables: Imaging and Workflow” is the first in a three-part series of Aberdeen benchmarks on AP automation, focuses on the initial stages of the accounts payable process, invoice receipt and workflow management. The study disseminates reasons why some enterprises have yet to completely eliminate paper from their financial processes while benchmarking data illustrating the bottom-line benefits of the move towards paperless workflow automation. The Aberdeen group discovered that integrating accounts payable automation solutions with existing IT systems poses the greatest challenge to paper removal. As a result, 44% of enterprises do not move to implement any e-invoicing solutions.Details
GlobalCollect now has an Asia-Pacific presence with the opening of its
newest branch in Singapore. This development is in response to expansion
opportunities due to a rise in demand for e-payment solutions across the
region. The new branch is to serve as regional headquarters, where
e-commerce is growing steadily, and to support such regional clients as
Air China, PC Tools, StrawberryNET and Nespresso Asia. GlobalCollect
e-payment service provides an online payment platform for local
e-payment methods and currencies in over 200 countries.
DE-based Tool King and Cymax Stores have announced increases in average order values and decreasing chargebacks/costs through the implementation of “eBillme”. Tool King provides the payment solution as their only e-payment option, which does not require disclosure of any financial information allowing secure cash payments, while Cymax Stores offers “eBillme” to provide customers with more payment options, having recognized a need for security and protection for online transactions. Moreover, Cymex saw an increase in average order values of 11% thanks to the deployment of the online payment solution and both of the organizations provide the “eBillme buyer protection” program, which includes a program return guarantee, price guarantee, in-transit protection and fraud protection.Details
WinAsUGo Mobile Casino has partnered with Ukash to distribute branded
prepaid card vouchers. The new prepaid vouchers can be purchased with
values of any amount between GBP5 and GBP499 and provide a secure,
readily available alternative to using a credit card to provide real
money with which users can gamble. WinAsUGo UK mobile casino provides
users with 9 different mobile casino games which include Mobile Slots,
Blackjack, Roulette, HiLo, Poker, Baccarat, Lottery and Sports betting
while Ukash e-commerce cash payment allows online purchases with cash
focal on reducing card and ID fraud.
Dallas-based Alliance Data Systems reported that first quarter revenue increased 7% to $499.3 million. However, income from continuing operations decreased 3% to $62.7 million. Loyalty Services achieved the strongest quarter in its history delivering $40.9 million in adjusted EBITDA, an increase of 60% from the prior year period. Driving this historic performance was a 30% increase in revenue to $171.8 million in the first quarter due to strong growth in both “AIR MILES” reward miles issued and “AIR MILES” reward miles redeemed just shy of 10%. For first quarter, Epsilon Marketing Services posted solid mid-teens year over year revenue and adjusted EBITDA growth to $115.5 million and $23.6 million, respectively. The segment’s performance was driven by larger commitments from existing clients and stable pricing along with new client ramp-ups including the recently announced major expansion with Citibank’s “ThankYou Network.” Private Label Credit posted results in-line with Company expectations for the first quarter of 2008. Both revenue and adjusted EBITDA declined 5% and 13%, respectively, almost exclusively due to the loss of the Lane Bryant portfolio and, to a lesser degree, a modest increase in credit losses which, due to timing, had yet to be offset by favorable funding costs. For complete details on ADS’ first quarter performance visit CardData ([www.carddata.com]).
ADS REVENUE HISTORICAL
1Q/07: $466.3 million
2Q/07: $563.8 million
3Q/07: $575.5 million
4Q/07: $602.7 million
1Q/08: $499.3 million
Smart card specialist Gemalto reports that overall first quarter revenue rose 12% to $611 million. Growth in the first quarter was driven by continued EMV standard expansion with various countries moving forward in Asia, Central Europe and the Middle East as well as Latin America. Moreover, dual-interface EMV cards (contact and contactless) continue to gain market penetration, particularly in Europe and Asia.
Government Programs was up by 30% when compared to the prior year’s performance. Gemalto continues to be involved in many NFC trial programs with mobile operators such as Orange in France and Softbank in Japan. In February, Taiwan Mobile announced that it had selected Gemalto to provide the world’s first commercial NFC SIM-based mobile contactless system. This comprehensive digital security solution will enable Taiwan Mobile to register, issue, manage and terminate mobile NFC services over-the-air. For complete details on Gemalto’s latest performance visit CardData (www.carddata.com).
MN-based Premier Card Solutions has been recognized at the FL-based ICMA Elan Awards with awards for its advancements and achievements in plastic card design. These recognitions include “Best Gift Card Design” for its “Spiderman” gift card, which was designed for Blockbuster, as a finalist in the Best “Free Form” Card with “Tag and Ribbon” designed for Target and as a finalist for “Best Gift Card Design” with the “Gator Gift Card”, also designed for Target. Over the past 3 years, Premier Card Solutions has received 8 awards at the ICMA Elan Awards.Details