LeadPoint Launches Voice Leads Exchange

CA-based online leads exchange LeadPoint has launched a credit card debt voice leads exchange to allow buyers to purchase leads generated from high quality sources such as television, radio, print, and call centers. Online leads exchange LeadPoint has launched a credit card debt voice leads exchange to allow buyers to purchase leads generated from high quality sources such as television, radio, print, and call centers. The highly automated bid-based exchange allows buyers to purchase leads based on an ROI model, changing their pricing in real time based on conversion of the leads. Additionally, buyers can change their filters at any time, including credit card debt amount, days past due and state. LeadPoint is a leads exchange marketplace. Leads are competitively priced based on criteria and bidding by members of the LeadPoint community.

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TSYS & NATIONWIDE PROCESSING

TSYS has signed agreements to process Nationwide Building Society’s
credit card account portfolio, becoming the processor’s largest client. TSYS
will also provide member support services through a customer care center
with nearly 300 agents for the 1 million + Nationwide VISA cardholders.
Nationwide has over GBP 100 billion in assets with more than 100 mergers,
is a mortgage lender, savings provider and has around 13 million members.

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CPAmerica to Market I.C.E. Merchant Services

International Card Establishment has signed a marketing partnership deal with CPAmerica International, one of the world’s largest networks of independent CPA and consulting firms. Under the terms of the agreement, CPAmerica will initiate marketing of I.C.E.’s credit card processing and gift and rewards programs by providing links on the CPAmerica, CPACONNECT and CPA Mutual members’ only websites, sending out periodic emails to members, printing announcements in member newsletters and direct hardcopy mailings to new and existing customers. In turn, I.C.E. will promote CPAmerica’s referral program for professional accounting firms nationwide with a web-based marketing program to its existing customers. I.C.E. is a provider of diversified products and services to the electronic transaction processing industry.

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NATIONAL BANK & NOMAD

The National Bank of Malawi has implemented Nomad’s “CORTEX”
software platform for EMV migration because of its flexibility, open
systems
architecture and compatibility with the institutions “Bankmaster”
system. The
card processing solution provides VISA EMV compliance and will allow
the National Bank of Malawi to issue VISA cards. This development allows
the bank to maintain its standing as a leading financial institution in
the country,
according to experts.

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MGIC Investment and Radian Group Merger is Off

MGIC Investment Corporation and Radian Group jointly announced last week that they have entered into an agreement that terminates their pending merger. The companies cited as the rationale that current market conditions have made combining the companies significantly more challenging and believe it is in their best interests to remain independent companies at this time.

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CPI & LATIN ID

CPI and Latin ID S.A. DE c.v. have signed a partnership agreement to
increase its Mexican market presence. Latin ID will provide technical
support, logistic support and will import cards to issuers throughout the
region. Latin ID will also be hiring local sales representatives and
will support manufacturing with U.S.-based expertise to ensure Mexican
CPI expansion. CPI Card Group was established 20 years ago and is a
manufacturer of plastic cards with the capacity to produce over 1 billion
cards annually. Latin ID was also established 20 years ago and is a
distributor of security and automation solutions.

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CUs Generate Response on Life Balance Transfers

Dallas-based TNB Card Services reports that 33 of its credit union clients recently participated in a “good for the life of the transferred balance” promotion. The program yielded $5.3 million in transferred balances. The promotion gave credit unions a choice of seven different annual percentage rates, from 0 to 5.9%, with the option to extend three of those rates – 1.9%, 3.9%, and 5.9% – over the life of the transferred balance. The average amount transferred per cardholder across all the participating credit unions was more than $4,300. NJ-based First Financial FCU reported a response rate of 4.12%, with the average cardholder transferring $4,807. San Antonio City Employees FCU reported an average response rate of 6.51%, with an average balance transfer of $5,985.

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JEWELRY CARD

Gitanjali Group & ICICI Bank has launched a “Jewelery Card” to
provide customers with benefits at more than 200,000 Indian
merchants and 22 million around the world. The card was designed
for Gitanjali patrons, free of membership fees, and provides 8 reward
points per Rs. 200 spent at Gitanjali outlets. The card also provides
discount of 5% on purchases of diamond jewelery up to Rs10000,
discount of 7.5 % on purchases above Rs 10000 at Gitanjali outlets,
and Interest free EMI for 3 months or 6 months on purchases at
Gitanjali exclusive outlets. Benefits also include Rs 500 Gitanjali gift
vouchers, jewelery cleaning vouchers, Worldwide acceptance, ATM
access more than 3400 ICICI Bank ATMs and over 1 million Visa
ATMs, an interest free credit period of up to 52 days and 24-hour
phone banking services. ICICI Bank has a 50 year presence, assets
of Rs. 3,446.58 billion, a network of over 745 branches and 3340
ATMs.

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Nearly Half of Americans Lose Track of Spending

VISA USA released a survey today that shows Americans lose track, on average, of $2,340 annually. About half of consumers say they can’t account for more than one-third of their cash, spending an average of $120 in a typical week, but losing track of $45. According to the results, 48% of respondents suffer from mystery spending, with 7% losing track of $100 or more each week. One in five people who admit to misplacing more than $25 in cash per week say their mystery spending is “out of control,” and 62% feel that “small cash purchases make it difficult to track spending.” Furthermore, 47% say that “mystery spending makes budgeting difficult.” Americans ages 34 and under – especially men – are the biggest mystery spenders losing track of an average of $3,078 per year.

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