More Consumers Expect to Spending to Rise

Spending confidence by consumers rose slightly in October after hitting a low point in mid-August. The data show a strong mid-month reversal in consumer confidence about personal finances and the economy. According to the “Discover U.S. Spending Monitor,” more than 35% of consumers expect to spend more in the next month. This was up more than six points from September’s “Monitor” and was the first spending increase since the “Monitor’s” May inception. The “Monitor” stood at 96.5 for October compared to the September level of 95.9. Discover says that last month and well into this one it saw stable readings on spending patterns, but this month it saw a remarkable turn in spending intentions nearly coincident with news of record oil prices and continued coverage of weakness in the housing and mortgage industries. Also, over 31% felt their personal finances were getting better in October, more than a point above September’s number.



China Everbright Bank and Western Union have partnered to provide
WU services at over 300 of the bank’s branches across China. WU
sees China as a strong market in which to provide remittance considering
consumers in the country receive $22.5 billion annually, the third largest
remittance volume in the world. Everbright provides services in 36 cities
throughout the country and with this agreement can provide money
transfers from the respective locations to over 200 countries. Thanks to
agreements with other banks, Western Union currently offers services at
a total of 25,000 Chinese locations. WU provide its services through
320,000 Agent locations in over 200 countries.


Jack Henry and iPay Technologies Team

Jack Henry & Associates has formed a strategic alliance and remarketing relationship with iPay Technologies, a leading provider of electronic bill payment products and services. Based on the terms of this agreement, iPay will provide the gateway that delivers the electronic payments generated by “NetTeller PowerPay”, Jack Henry’s electronic bill payment solution. iPay’s transaction routing technology will optimize the delivery of the millions of electronic payments collectively generated each year by Jack Henry’s core clients. iPay Technologies is an independent provider of Internet bill payment services. Jack Henry & Associates is a provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.



McDonald’s Canada has announced the launch of its prepaid, re-loadable
“McDonald’s Card”. The card is available at participating locations and
can be used at all Canadian locations, can be loaded with any dollar
increment of less the CAD$50 and has no expiry date. Additionally, the
“McDonald’s Card” keeps the user informed of their remaining balance with
every receipt disclosing the figure, is available in 4 different designs
can be purchased and re-loaded with cash, credit or debit cards. McDonald’s
Restaurants of Canada has over 1,400 restaurants and employs more than

Details Names a New President

Pittsburgh-based has named Jeff Lininger, previously VP at Jackson Hewitt, President. Lininger brings twenty years of extensive knowledge in business and corporate development, strategic planning, product and brand management, operations, marketing, and sales to While at Jackson Hewitt, Lininger created and implemented new strategies that enabled the company to achieve outstanding growth. provides prepaid Visa debit cards to consumers and corporations to expend as gifts, rewards, or incentives.

Details Intros a MasterCard

Online gift card provider is now offering a co-branded “MasterCard Gift Card” issued by Marshall Bank. The MasterCard Gift Card will be available in 13 themed designs including; birthday, thank you, graduation, new baby, wedding and more. Holiday specific themed designs will also be available for the 2007 Holiday shopping season. All cards are available in denominations of $25.00, $50.00 and $100.00. is the leading provider of gift cards and gifting advice for both consumer and corporate audiences nationwide.


PSCU Financial Services Joins PCI Council

PSCU Financial Services has joined the PCI Security Standards Council as a participating organization. As a participating organization, the cooperative will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards. The PCI DSS, endorsed by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. PSCU Financial Services is the nation’s largest credit union service organization and serves more than 1,100 financial institutions nationwide.


PELORUS Stored Value Conference Slated

The PELORUS Group will host their seventh stored value conference, “Open vs. Closed Loop Stored Value: Ratcheting Up The Competition,” in December. Focused on assessing future directions and revenue potentials associated with the stored value phenomenon, the conference will focus on the choices consumers are making and what factors are influencing the selection of open loop vs. closed loop stored value solutions. Topics of the conference will include “what are the impacts of open loop stored value cards vs. closed loop solutions” on retailers, the financial industry, and companies that currently serve the unbanked and credit challenged; “what are the results of The PELORUS Group’s latest research into consumer adoption rates of open loop vs. closed loop stored value solutions”, “what are the benefits of open loop stored value cards compared to closed loop solutions, cash, checks, and other paper-based systems”; “how do the key demographics break out, and what are the criteria and motivations that govern each”; “how do the various open and closed loop stored value offerings compare to one another” and “who is leading the way, and how.”



To potect against identity theft, TriCipher has launched the portable
“ID Tool ToGo” for banking, retail and healthcare sectors. TriCipher
has introduced the ID tool as a cost effective alternative to biometrics
and tokens. It is designed to plug into the users’ USB portal and prevents
hackers from “following” users with the use of Web browser that requires
a username and password to ensure a secure web application.
Additionally, the “ID Tool ToGo” can integrate with levels of
on the TriCipher Authentication Ladder. Projections show that 142.75
million USB devices will be sold by the end of 2007 and will potentially
US banks a profitability of $8.3 billion. Additional projections
indicate that
the implementation of this solution will attract 31 million new online
customers and will convince 39 million existing online users to use Internet
banking services more often.



Raphaels Bank has signed agreements to supply ATMs at the St Pancras
International station to dispense euros for international patrons. In
Raphaels has also signed agreements to become an issuing and acquiring
member of VISA, a member of MasterCard and to join the LINK interchange
network. The ATMs being installed at the new station require no queuing in
advance nor commission paid on euros allowing passengers access to money
sans the typical 10% fee on overseas ATMs. Situated in northern England,
the new station is focal on providing travelers with expanded
accessibility of
services and travel speed to continental Europe.


Affinion Group to Offer Debix Technology

CT-based Affinion Group has teamed with Debix to offer a new tool that stops identity thieves from opening fraudulent credit accounts. “Debix Instant Authorization” will be offered by Affinion in the first quarter of 2008. With Debix’s patent-pending technology before any new credit accounts can be opened, any bank can send the consumer a secure automated phone call prompting the consumer to authorize or reject the transaction. The Debix platform enables banks and creditors to initiate “Instant Authorization” requests via a telephone, Web browser or application programming interface. Debix’s voice servers calls the consumer on up to three pre-registered phone numbers, requests authorization and returns the response code to the creditor. Affinion Group developed the first membership credit monitoring product in 1992.