TSYS EUROPE EXEC

TSYS Europe has appointed Arnold Sneijers as European Sales
Director to work out of the Netherlands and oversee all European sales.
With 15 years of experience in the payments industry, Sneijers was
most recently director of commerce and business development at
SiNSYS, following his time as general manager of e-commerce services
for Interpay Nederland B.V. His education includes a bachelor’s degree
in information technology engineering and a master’s degree in business
administration, with a concentration in international management. TSYS
provides outsourced payment services for financial institutions and retail
companies around the world.

Details

SLIM CD Releases Batch Files for Processing

Software developer SLIM CD has released a batch processing software product called “SLIM Batch. The software contains documentation and examples of file formats. The software can be used to load batch files and send the transactions for processing, or can be run in an unattended environment. The software runs on an IBM PC-compatible, and uses an Internet connection to send the transactions to SLIM CD for further processing. It can be used by merchants or software developers. The SLIM CD batch software supports sending credit card transactions to most major US credit card processors, including First Data, Nova, Vital, Global Payments, Paymentech, Heartland, Fifth Third, and RBS Lynk. SLIM CD, Inc is a wholly owned subsidiary of Online Commerce Corporation (OCC), a privately held E-Commerce service provider.

Details

VASCO & EID CARD

To strengthen its eID product range, and to penetrate the e-commerce
and e-government markets, VASCO has launched an eID website.
Furthermore, its VACMAN controller & Digipass smart card reader
are now Belgian eID card compatible. The Digipass product line that is now
compatible includes its Digipass 800, Digipass 805, Digipass 810,
Digipass 820, Digipass 840, Digipass 905 and the Digipass 850,
opening the software company to new applications in the secure
payments industry. This development allows VASCO to offer online
banking security to those who shop on the Internet and to the
government sector. VASCO is a supplier of authentication and e-signature
services and has a customer base of over 5,300 companies in more than
100 countries.

Details

Canada’s Interac Does Smart Debit Cards Tx

The Interac Association reported the completion of Canada’s first INTERAC debit card transaction at the point-of-sale terminal using chip technology. The transaction was processed by TD Merchant Services using a BMO Bank of Montreal chip debit card at Mercato Giovanni’s Fresh Food located in downtown Toronto. The chip debit card transaction was conducted in preparation for the Kitchener-Waterloo, Ontario market trial of chip technology which will begin in the fall. Beginning in the fall, merchants and cardholders will start to see the introduction of cards, Automated Banking Machines and merchant terminals that feature chip technology, and within three years, it is expected that the majority of Canadians will be able to fully benefit from this new technology.

Details

INDIANOIL CITIBANK CARD

IndianOil and Citibank have launched the “IndianOil Citibank” debit
card, India’s first co-branded debit card available across 15 existing
cities for new and existing banking customers. The card operates on
MasterCard’s Maestro platform and provides debit and ATM functions,
as well as online account access for customers. Other
benefits of the card include no transaction fees when used at IndianOil
retail outlets, 2 reward points awarded for every Rs. 100 spent at the
retail outlets using the card, points to be redeemed for free petrol
and special offers on auto maintenance accessories. The card has been
met with success in India, reflected with the recent award from
MasterCard’s “Excellence in co-branding in South Asia”. IndianOil has
a combined capacity of 38.15 million tons per annum in oil with a
combined length of 6523 kms of pipeline at a capacity of 43.45 million
mts per annum. In total the petroleum company holds 53% of the petro
products market share in the country. Citibank India has over $ 5 billion
of custody assets under management and was the first to launch credit
cards in the country with over 1.6 million card members.

Details

Marriott and VISA Launch a New Promotion

Marriott has rolled out the new “MegaBonus” promotion when member use VISA to book rooms, they can earn up to 10,000 bonus Marriott Rewards points. Members earn 2,500 bonus Marriott Rewards points with every Visa-paid stay, beginning with their second stay, up to 10,000 points. To become eligible for this popular offer, members must register for the MegaBonus promotion at MarriottRewards.com or by calling 1-888-MARRIOTT (627-7468). Members may register at any point during promotion. Once registered, members can log onto MarriottRewards.com/PromoProgress to view their bonus progress. Points may be redeemed for hotel stays, frequent flyer miles, cruises, car rentals, brand-name merchandise and more. Marriott Rewards has been named “Best Hotel Rewards Program” by the readers of Business Traveler, Global Traveler, Travel Savvy, Executive Travel and BusinessWeek magazines.

Details

Payment Card Acceptance at Utilities Soars

A new study has found that card acceptance at utilities has nearly doubled over the last two years, from 41% in 1999 to 81% in 2006. The Chartwell Report on “Credit Card Acceptance in the Utility Industry” examines two case studies, including a detailed account of Kansas City Power & Light’s launch of a multi-tiered no-fee card acceptance program with costs incorporated into the rate structure, and Sacramento Municipal Utility District’s billing and payment program streamlining project. The report also includes 11 vendor profiles.

Details

Payment Data Systems Seeks Acquisitions

Payment Data Systems has engaged the services of management consulting company The Strawhecker Group. TSG is focused exclusively on the merchant acquiring sector of the payments industry. TSG specializes in providing financial institutions, acquirers, card associations, ISOs, processing companies and the investment community with advisory services to maximize their growth and profitability. TSG is also a resource of merchant acquiring industry research, benchmark studies and developing trends. Payment Data Systems, Inc. is an integrated provider of electronic payment solutions to merchants, billers, banks, service bureaus, and credit and stored-value card issuers.

Details

AmEx Expands Folio Reports to 9,000 Hotels

American Express has signed a hotel folio agreement with Starwood Hotels & Resorts. AmEx will now provide “Corporate Card” customers with reports that breakdown total hotel spend at more than 400 Starwood properties. AmEx also receives folio data from Carlson Hotels, Choice Hotels, Marriott and Omni Hotels, among other lodging companies. The agreements cover more than 40% of AmEx’s clients’ global “Commercial Card” spend for more than 9,000 hotel properties in the U.S. and overseas. AmEx has also added flexible new tools to “Hotel Folio Reports” housed online at its e-servicing site, “American Express @ Work.” AmEx’s new “Room Rate Analysis Report” provides data on actual room rates, as well as average, minimum, maximum, and “most popular” information for properties and cities. Companies can use the information for supplier and cardholder compliance management.

Details

Cardtronics Tries Again to File an IPO

Houston-based Cardtronics has filed a registration for an IPO to raise up to $300 million. The ATM specialist previously filed for an IPO in March 2004, but quit the offering citing market conditions. Cardtronics plans to use the IPO net proceeds to repay indebtedness under its credit facility, for working capital and for other general corporate purposes. Cardtronics reported second quarter revenues of $77.2 million, a 5.3% increase over 2Q/06. However, the Company posted a net loss for the second quarter of $5.6 million, compared to net income of $0.8 million for the same period last year. Cardtronics is the world’s largest operator of ATMs with approximately 31,000 locations. Cardtronics has a nationwide U.S. network of more than 29,500 locations operating in every major market and all 50 states, as well as over 1,700 locations throughout the U.K. and over 700 locations in Mexico. (CF Library 8/13/07)

Details