JET AIRWAYS, TATA & SBI CARDS

Jet Airways’ “JetPrivilege” flyer program has signed agreements for the
conversion of points-to-airmiles with Tata and SBI cards. With these
agreements, both Tata and SBI credit cardholders, who are “JetPrivilege”
members as well, can convert card points to JPMiles, with their “Empower”
and “Platinum Card”, “SBI Gold Card” and “SBI International/Domestic”
cards, respectively. This development is part of a recent Jet Airways
initiative to provide members with a more extensive list of opportunities
for earning “JPMiles”. With this airmiles program, travelers can redeem
points for free flights to destinations around the world.

Details

KOGNITO WX2

The Loyalty Management Group (LMG) has deployed Kognito’s “WX2”
analytical Relational Database Management System (RDBMS), which will
provide customer data analytics and insight. Moreover, the Kognito
solution will provide users with insight on customer purchasing patterns
for the subsequent development of promotions for specific consumer
groups. LMG, specifically, will be able to provide its largest client with
analytical dashboards for the analysis of data and is reportedly using the
RDBMS as a virtual data warehouse for distributed virtual appliances,
5TB for analytics, 2TB for testing and 1TB for business data
continuity/disaster. LMG develops, owns and manages retail-based customer
reward programs and employs nearly 250.

Details

YUCHENG & CCB GUANGDONG

Yucheng Technologies Limited has signed agreements to provide China
Construction Bank in Guangdong province (“CCB Guangdong”) with
outsourced Point of Sale (POS) merchant acquiring services. The outsourced
services include merchant acquisition, deployment of POS terminals,
installation,
maintenance, transaction reporting, training and technical support, and are
accepting of all major Chinese and foreign credit cards. Moreover, under the
agreements, Yucheng will pay for and maintain the terminals while the
subsequent transaction fees are to be shared with CCB Guangdong.
China Construction Bank has 13,629 branch outlets across the country, 1,080
of which are located in Guangdong province, had 2006 assets of US$698
billion, has issued over 12.6 million credit cards in China and has
issued over
220 million debit cards across the country while Yucheng Technologies
Limited provides outsourcing services throughout the industry and employs
over 1,700.

Details

Moneris Powers Helpforcharities.com

Moneris Solutions has joined with Helpforcharities.com to implement its “eSELECTplus” payment tool to facilitate online donations. Under this agreement, the Helpforcharities.com program will use Moneris’ “eSELECTplus” which allows an organization to conduct transactions quickly and easily on the Web by processing credit cards, debit cards, or ACH transactions without installing any special software. The Helpforcharities.com program provides a suite of services for online fundraising, including peer-to-peer networking tools, gift catalogs and e-card sales. The services are designed for charities, non-profits, universities, government agencies and political organizations and is PCI DSS compliant.

Details

DATACARD MILESTONE

Datacard Group recently shipped its 10,000th “150i” card
personalization system, a desktop instant issuance system that embosses
preprinted ATM, debit and credit cards in minutes. The “150i” system offers a variety of personalization features including a
new smart card coupler option that enables financial card issuers to
offer ready-to-use contact or contactless payment cards. These popular
and convenient cards give consumers immediate purchasing power.
Additional upgrades to the “150i” system include an improved embossing
module that increases reliability and an enhanced card path that
streamlines production.

Details

ISO9001:2000

Verifone Holdings has been granted “ISO9001:2000 Certification” for its
EFTPOS post delivery solutions across the EMEA following a recent
Surveillance Audit by Lloyds Register Quality Assurance. This comes in
the wake of VeriFone’s acquisition of “PAYware” and “Secura” product
lines and the subsequent introduction of policy
integration/standardization.
These development collectively reflect the Organization’s ability to
provide
uniform standards of service across all of its operations, including
hardware
and managed services.

Details

VAT & SDOL

Irish Tax Authority has certified MasterCard Worldwide to provide its
Value Added Tax (VAT) with “Smart Data OnLine (SDOL)” invoice
reporting, allowing organizations to streamline the process. Purchases
made with a MasterCard afford the respective company access to VAT
information data via tax authorities using Smart Data reporting solutions.
Moreover, this agreement enables MasterCard issuing banks to increase
efficiency with no longer having to exchange individual paper files or forms
with customers. MasterCard Smart Data reporting solutions serve nearly
140,000 customers worldwide and has received VAT certification of its
Purchasing Card product in nine European countries.

Details

Hypercom Introduces the Optimum M4200

Hypercom rolled-out the new “Optimum M4200” series of mobile electronic payment terminals. The “M4200” mobile series will be available with or without an integrated smart card reader for global deployments, with a choice of long-range GPRS with dial backup or Bluetooth wireless with dial or Ethernet connectivity. The rechargeable battery supports more than 200 transactions per charge even while printing receipts. The line offers the same rapid 32-bit multi-application processing, compact form factor and memory size as Hypercom’s recently released “Optimum T4200” countertop platform. The series also features the latest security standards approvals, including PCI PED, EMV Level 1 & 2 and MasterCard’s PTSP. The M4200 family shares the same application development toolkit and user interface as the T4200, enabling business applications written for one platform to be quickly repurposed for the other for fast deployment.

Details

SOUTHEAST ASIA CROSS BORDER FRAUD

Mobiclear identity protection has signed agreements to sponsor the
“Southeast Asian Cross Border Fraud Convention”, which will be held on
February 29th-March 1st. Additionally the convention will host the 14
member banks of the Credit Card Association of the Philippines
(CCAP), providing what Mobiclear sees as an opportunity to introduce
banking products in the region, to which the organization hopes to
eventually contribute transaction security. Moreover, the MobiClear
provides anti-fraud identity solutions around the world, which the payment
security provider estimates a growth of $20 billion per annum.

Details

TRINTECH GROUP PLC

The Trintech Group has reported its 4Q07 revenues and performance
ended January 31, 2008 showing an adjusted EBITDA income of
$595,000 and a net loss of $706,000. Among other information
reflected in the release, following the Company’s acquisition of Movaris,
was Trintech’s reported 19% revenue growth of $8.9 million, a total
annual revenue growth of 28% since 2006, a gross margin growth by
nearly 1 million to $6.4 million in the quarter and a total annual gross
margin of $22.2 million. Moreover, Trintech reduced its expenditure in
research by 17% to $1.2 million, reduced annual reduction in research
costs by 1% to $4.9 million, increased expenditure in marketing by 60%
to $2.7 million, showed a 2007 annual increase of 51% in marketing
expenditure to $10.7 million, an adjusted EBITDA income of $595,000
for 4Q07, and an adjusted EBITDA loss of $327,000 for the fiscal year.
The Trintech Group provides integrated financial governance and risk
management worldwide for over 500 organizations.

Details

CNAPS CORE PAYMENT

Clear2Pay announced the deployment of its “CNAPS Core Payment
System” with the Kuitun City Credit Union. With this development, the
solution will provide the credit union with the ability to conduct faster
inter-/intra-city payments and fund settlement transactions. Clear2Pay’s
Open Payments Framework solutions (SOA) allow banks to process
payments for all payment types and operates 10 international offices,
with 220 employees, serving 50 clients around the world.

Details

PowerPay Teams with PAGE Cooperative

E-payment provider PowerPay has partnered with PAGE to offer payment processing to PAGE Cooperative’s 1,800 members. PowerPay makes it possible for small and independent newspapers across the country to furnish various online payment solutions to their customers in areas such as subscription and advertising billing. PAGE Cooperative members can benefit from PowerPay’s complete in-house capabilities to maximize their payment processing efficiency, security and investment through a consultative approach, custom-fit solutions and 24/7 customer service. PAGE Cooperative is a not-for-profit, member-owned buying association for privately held newspapers. PowerPay offers a broad portfolio of payment processing solutions to merchants via four major acquisition channels: e-commerce, software developers, financial institutions and direct merchant-level sales.

Details