Transaction processor i2c has released version 2.0 of “C-Envoy” multi channel marketing suite. “C-Envoy” is a multi-channel marketing suite that enables the planning and execution of multiple channel marketing campaigns, using any combination of voice, email, fax, SMS and web. C-Envoy offers the ability to reach cardholders with a personalized interactive message or to simply notify an existing card holder base, of new products or services offered. “C-Envoy” has added increased functionality designed to help Card Program Managers manage their business KPIs such as Average Revenue Per Card, Churn and Card Base. Additional features include integration with text message based registration.Details
FL- based core processor Fidelity National Information Services has appointed Gary Norcross as President/COO for Transaction Processing Services and Frank Sanchez as President of TPS’ Strategic Development. Norcross assumes responsibility for global banking operations, including Integrated Financial Solutions, Enterprise Banking Solutions and International. Norcross joined the company in 1988 and has served as President of the Integrated Financial Solutions division since 1996. Sanchez will be responsible for the development of strategic software, processing and integrated financial services. Sanchez joined FIS in 2003 through the company’s acquisition of Sanchez Computer Associates.Details
A new poll shows that the majority of senior-level CPA executives have turned pessimistic about the U.S. economy. According to the latest “Business and Industry Economic Outlook Survey” of the American Institute of Certified Public Accountants, optimism about the economy among executive CPAs plunged in the fourth quarter to its lowest level in three years. About 30% of respondents said in October that they were optimistic about the U.S. economic outlook over the next 12 months compared to 47% in July. More than half of CPAs surveyed cited sub-prime mortgage losses, a slowdown in U.S. housing and tightening credit conditions for their shift in sentiment. Other concerns were rising prices of oil and gas as well as the declining value of the U.S. dollar. Approximately 69% of the respondents in October said the Federal Reserve’s recent cut of 50 basis points in its federal funds target rate was necessary to prevent market turmoil from stalling the economy. One-quarter felt it was unnecessary and may reinforce poor risk decisions.Details
Barclaycard US has teamed with CA-based Affinity Group to launch three credit card products that will enable cardholders to earn reward points on every purchase through a unified recreation rewards loyalty program. The new cards include the “Good Sam VISA Signature,” the “Coast to Coast VISA Signature,” and the “REC REWARDS VISA Signature.” The “Good Sam” card will be offered to the one million members of the Good Sam Club, the largest RV owner’s association. The “Coast to Coast” will be offered to its members, while the “REC REWARDS” card will be marketed to Woodall’s and Trailer Life Directory buyers, readers and subscribers of magazines published by Affinity. Cardholders receive 2,500 bonus points after their first purchase or balance transfer, then five points per dollar spent when the card is used at participating merchants, RV dealerships, campgrounds, resorts and to purchase club memberships, magazine subscriptions, RV books and directories, as well as financial products and services. Cardholders also earn one point on other everyday purchases made with the card. Barclaycard US has more than 50 affinity/cobranded credit card partnerships.Details
DiGi Telecommunications and Citi Berhad have combined resources
for the introduction of the “DiGiREMIT” mobile-phone-remittance service
to link Malaysia, Bangladesh, Indonesia and the Philippines. The service
will be made available to those who complete a one-time registration
at any of the 47 “DiGi Centers” or service counters around the country.
Additionally, the service is being provided free of charge for a limited
for customer allocation and is offering free personal accident coverage
to RM10,000. After the free trial has ended, “DiGiREMIT” will charge RM8
per remittance. Customers can pre-pay their mobile remittance accounts
to a maximum of RM5,000 and are allowed to conduct any one remittance
up to the same amount. Citi provides nearly 200 million customers with
financial products and services in over 100 countries.
San Antonio, TX-based Payment Data Systems reported that revenues for the third quarter declined about 5%, while its net loss jumped more than 51%. The payment solutions provider posted revenues of $841,171 for the quarter and a net loss of $397,204 for 3Q/07. However, the Company’s credit card transaction dollar volume for the third quarter was up 29% from the second quarter. During the third quarter, PDS closed sales for 33 new payment processing clients and started processing for the “Natalie Gulbis Gift MasterCard” program. The Company holds the exclusive license to market the “Natalie Gulbis Gift MasterCard”, the “Carmen Electra Gift MasterCard” and the “Carmen Electra Prepaid MasterCard.” PDS is a registered ISO/MSP of MetaBank and a registered ISO/MSP and TPS/TPP of Merrick Bank. For more information on Payment Data Systems third quarter performance visit CardData ([www.carddata.com]).
YeePay e-payment has launched a merchant competition with the intention
of promoting ecommerce and online payments. The competition will allow
merchants that use the YeePay service to compete for the several
categories including user interface, overall online shopping experience,
selection of merchandise, best prices, payment options, security, delivery
speed and customer service quality. The winning merchant for each category
will be determined by Internet users in conjunction with a Board of Experts
which has been assembled by YeePay. The Board will critique merchants,
guide users, oversee voting and announce the winning merchant in January
2008. Yeepay will award recognition and funding for the
promotion of online payment.
Stanford FCU, the third fastest growing credit union in California, has joined the Allpoint Network. The surcharge-free ATM network has 3,600 surcharge-free ATMs in California and 32,000 nationwide. Target, Chevron and Safeway offer Allpoint ATMs. Allpoint is a division of Cardtronics. Stanford FCU has more than 47,000 members. In August, First Data’s “STAR Network” surcharge-free service linked-up with Cardtronic’s “Allpoint Network. (CF Library 8/21/07)Details
Permanent TSB has signed agreements with the Serverside Group
to provide its customers with card customization. The customization
allows cardholders to personalize their plastic with images from
various photo galleries. These photos can be enlarged, altered and
moved for a card design to the customers liking and, until the New
Year, is free of charge. After December 31st, 2007, the fee for the
service will be EUR10 per card. The Serverside Group’s 2 major
products include the web-based card-customization solution,
“AllAboutMe”, and the web-based card campaign manager that allows
card-printing on demand, “Virtual Portfolio”. Serverside has 52 clients
in 19 countries with 200 card programs.
GiftCertificates.com has expanded its line of prepaid gift cards to include corporate rewards cards. The new “GiftCertificates.com Rewards MasterCard” can be ordered in three formats. The first format allows the purchaser to choose a standard card design with customized messaging and a company logo co-branded on the card. Another option will give purchasers a standard card design with messaging options. The third offers a holiday-themed card. The new corporate card is issued by SD-based BankFirst. Earlier this month, GiftCertificates.com announced it is offering a co-branded “GiftCertificates.com MasterCard Gift Card” via Marshall Bank. (CF Library 11/7/07)Details
Credit card debt climbed again in September setting a new record of A$41.2 billion. However, credit card volume dropped $1.9 billion from the prior month and is growing at slightly more than 5% year-over-year. Credit card debt rose 11%, compared to September 2006. Credit card limits also reached a new high at A$111.6 billion, marking the 13th consecutive month of A$100+ billion. Card volume was A$16.2 billion during September, compared to a previous record of A$18.1 billion set in August, according to the Reserve Bank of Australia. One-year ago credit card debt stood at A$37.2 billion. There are currently 13.8 million credit card and charge card accounts in Australia, compared to 13.1 million one-year ago.Details
PA-based USA Technologies reported record revenue for the third calendar quarter of $3.4 million, an increase of 67% over 3Q/06. However, gross profit dropped 16% to $0.5 million. The Company says gross profit was impacted by its initiative to sell the “e-Port G-6” to MasterCard at reduced margins to help accelerate adoption of cashless vending in the market. During the latest quarter, USAT’s “e-Port” revenue was approximately $2.3 million, a gain of 156% versus the year ago quarter. During the quarter ended September 30th, the Company processed 1.8 million transactions totaling $7.3 million as compared to approximately 650,000 transactions totaling over $4.3 million during 3Q/06. As of today, the Company’s installed base has reached 24,000 cashless terminals consisting of approximately 17,500 “e-Port,” 1,300 “Business Express,” and 5,200 “e-Suds” terminals. For complete details on USA Technologies latest performance visit CardData ([www.carddata.com]).