Two-Thirds of Small Businesses Shop Online

A new national survey commissioned by MODASolutions reveals that 64% of small business bank and shop online. When asked what online payment options would be most appealing, small businesses said that a payment option that did not require use or disclosure of credit card information, as well as an option that gave them more control over the purchasing and approval process would spur online confidence and increase purchases. In the survey commissioned by eBillme and conducted by Market Platform Dynamics, 721 small businesses were polled. Of the 64% of small businesses that shop online, 33% cited convenience and the availability of a secure payment option as the key to online commerce. The survey also found that the small businesses who are not shopping online are not necessarily Internet-averse. Many maintain other online relationships, and the majority do their banking online. MODASolutions is a provider of payment solutions that extends online banking to the merchant’s checkout.

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CLICKANDBUY & REDTIENDA

ClickandBuy payment systems and Redtienda eCommerce software have
partnered for the expansion of operations in Spanish-speaking markets
around the world. Given its established presence in these markets and
continued growth, Redtienda was seen by ClickandBuy as the best partner
for expansion. Under the partnership, of which the terms have not been
disclosed, the two companies market and network opportunities throughout
the respective regions to aid Hispanic companies and entrepreneurs to
conduct
business on the Internet more easily. Redtienda eCommerce was established
to provide software products in Spanish and English for emerging Hispanic
businesses and is used by over 3,100 companies in 54 countries. ClickandBuy
E-Payment systems is soon to be implemented as TELMEX in Latin America,
has over 7,000 merchants customers and is used by more than 8,600,000
customers to pay for retail goods and services over the Internet.

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L2C Launches Link2Credit Scores

Credit scoring company L2C has launched “Link2Credit Scores” for the consumer finance industry and bankcard industry markets. The scoring systems ensure better risk assessment resulting in higher approval rates for under-banked borrowers. The customized scoring system pulls data from up to seven sources relevant to the specific industry to evaluate the customer at the time of application. Each of these scores is tailored for prime or sub prime portfolios. L2C is a consumer credit scoring company that specializes in helping banks, credit card companies and other lenders reach the under-banked market.

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CITI HANDLOWY

For the bank’s debit card, Citi Handlowy is the first in Poland to implement
a “Keep the Change” program allowing consumers to save the change on their
purchases by rounding to the nearest whole-zloty amount. The difference
between the purchase price and the whole-zloty is then deposited into the
customers savings account. The program is called “Totalnie Oszczednosciowe
Konto 4.65%” (Complete Savings Account 4.65%) and gives customers
the option to round to the nearest 1, 5 or 10 zlotys. In addition to
disbursing
the funds to the high-interest savings account, Citi Handlowy provides the
customer with a bonus of 10% of the total funds transferred in the last 12
months, of no more than PLN 100, on each anniversary of the accounts
opening. Citi Handlowy has over 200 branches with 20,000 corporate
customers and 800,000 individual ones. Being a member of Citi enables
customers access to financial services provided in over 100 countries.
Citi has
nearly 200 million customer accounts around the world providing financial
products and services.

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Diebold to Offer Better ATM Gift Cards

Diebold has become the first ATM manufacturer certified to offer AZ-based Better ATM prepaid gift cards. This means that the new technology enables existing ATM machines to dispense prepaid cards to their customers through offered cash trays. Better ATM Services’ cards are contained as a single panel of three panels on a “card sheet.” The card sheet has approximately the same dimensions of larger foreign currencies like the Danish Kroner. ATM cassettes accommodate currency of various sizes that can accommodate Better ATM Services’ card sheet dimensions. Early testing with two ATM manufacturers’ equipment has proven that the card sheets can be easily retrieved and dispensed. Better ATM Services’ technology runs on all of Diebold’s “ix,” “iSeries,” and “Opteva” ATMs.

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DIGIPASS & APACS

VASCO Data Securities has announced that it will be unveiling its APACS-
compliant Digipass smart card reader family at the October-18th London
Banking Summit. The smartcard reader line consists of the “Digipass 830” and
the “Digipass 840”. Both devices provide smart card reader functionality,
meet
EMV-CAP compliance, offer 3D Secure Internet Payment Authentication and
meet APACS user interface requirements. The “Digipass 840”, however, has an
embedded speech module to provide service to the blind and visually
impaired.
Over 5,300 companies in more than 100 countries utilize VASCO’s financial
products and services.

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Card Mail Slows; Response Rates to Top 0.6%

A new report projects that U.S. households will receive about 5.3 billion credit card solicitations during 2007. The full year projection shows a slight decrease from the 5.76 billion offers received last year, which was also down from the all time high of 6.05 billion card offers received in 2005. According to Synovate’s “Mail Monitor,” response rates will edge up slightly to 0.6% from 0.5%, representing some 32 million applications for new credit cards. The 2007 dip is a continuation from 2006, and mainly due to the Bank of America/MBNA merger and a decrease in direct mail by Chase and Capital One. Synovate says that despite the decrease, 2007 will likely be the third heaviest year on record for credit card direct mail since Synovate first began tracking solicitations in 1988. Synovate says other acquisition channels, particularly the Internet, will play an increasingly important role but direct mail, with more than 50% of card applications, will likely remain dominant for the foreseeable future.

CARD MAIL HISTORICAL
YEAR OFFERS RESPONSE
1998: 3.44b 1.2%
1999: 2.54b 1.0%
2000: 3.54b 0.6%
2001: 5.01b 0.6%
2002: 4.89b 0.5%
2003: 4.29b 0.6%
2004: 5.23b 0.4%
2005: 6.05b 0.3%
2006: 5.76b 0.5%
2007: 5.30b 0.6%
Source: Synovate’s Mail Monitor

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CONSUMERS & SAVINGS

In conjunction with the introduction of a new interest rate on balances
in its
“Direct Savings Account” of 4.25%, an HSBC Canadian survey was recently
conducted to examine the spending and savings habits of consumers. The
survey
showed that across all regional and age demographics, Canadians tended
to be
money savers. Moreover, the research showed that 70% of Canadians have
either
investments or savings, 33.3% are saving on a schedule of pre-authorized
deductions, 55% save up rather than using credit and 12% will pay their
credit cards
off tomorrow. The survey also showed that 91% feel a high savings rate
is important,
less than 50% know what their savings account return rate is, and 48%
check their
rates of return each month. Comparing different Canadian regions, 88% of
Albertans
are confident in managing their money and 32% twice as likely as others
to put away
a set amount of money on a monthly basis, 29% of those in the Prairies
are more
likely to be at their credit maximum and 78% British Columbians say they
are no
where near their credit card maximum. HSBC Bank Canada has more than 170
offices while HSBC has nearly 10,000 offices in 83 countries and
territories with
assets of US$2,150 billion.

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JET AIRWAYS & CYBERSOURCE

Jet Airways has implemented CyberSources’ automated fraud assessment
solution, “Decision Manager,” to reduce the risk of fraud. Jet Airways
selected
the fraud management solution because of its reliability, scalability,
and flexibility
to the Indian market. “Decision Manager” evaluates transactions in
real-time
based on specifications determined by Jet Airways to determine whether the
online ticket purchase should be accepted, rejected or reviewed. This
evaluation,
or “decision”, is made automatically within the matter of a few seconds.
Demonstrating the flexibilty of the solution, the client, in this case
being Jet
Airways, can update specifications and terms for the determination of
fraud at
anytime. Jet Airways operates a fleet of 66 aircraft and operates over
340 daily
flights to 53 destinations around the world having flown over 75 million
passengers
since it first began operating in 1993.

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DEALOGIC EXPANSION

In response to Dealogic’s recent growth and subsequent increase in
customers service demand, the transaction management company will
be expanding its presence around the world. The technology firm is
expanding its offices in New York, Hong Kong, Tokyo and Sydney
that will provide the additional, needed client support and software to
its clients. New York offices are scheduled to opened in 2008, Hong
Kong offices are slated to be open in November of 2007 and the lease
for the expanded Tokyo offices are to commence on Jan 15, 2008.

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BANAMEX & SORIANA

Banamex has announced that it will be providing its prepaid and savings card
offering, “Mi Ahorro Banamex” (My Banamex Saving), at Soriana retail
stores. This strategic alliance was developed to provide customers with
a more
diverse offering of financial services. The “Mi Ahorro Banamex” prepaid
card
can be opened with a minimum $50.00 pesos deposit and a maximum balance
of $5,700.00 pesos while the savings card has no balance limit and provides
high interest. Grupo Financiero Banamex is a member of Citigroup, Inc. and
operates over 1,450 branch offices and 5,800 ATMs in Mexico. Citi has over
200 million customer accounts and operates in over 100 countries.

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EXPERIAN & SERASA

Experian has announce its 65% acquisition in Serasa Brazilian credit
bureau from a consortium of banks for R$2.32 billion. The Experian
share is to increase to 70% over the next 6 months and is slated for
completion in June of 2008. With this development, Experian will control
60% of total credit bureau reporting around the world and allow the
company to capitalize on Brazil’s rapid growth. Compounding these
highlights, Serasa brings with it the largest consumer and commercial
credit bureau in the country with a 60% market share allowing Experian
to build on the platform to deliver products from its portfolio.
Furthermore,
Serasa has demonstrated its growth at over 20% per annum for each of the
past two years with EBIT margins of over 20%. Experian does not expect to
see any financial gains with the acquisition for the first year but does
expect
a cash benefit from tax relief on the goodwill generated by this
acquisition
of R$70m-R$100m per annum for the next seven years. Finally, to remain
The President of Serasa will be Elcio Anibal de Lucca after the acquisition
is complete.

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