The credit card that generates funds for “Free and Open Source Software” projects like “Blender,” “FreeGeek” and the “WikiMedia Foundation” is back. The “Linux Fund VISA” has been juiced-up and now has a new program for College students and another program where the cardholder and The Linux Fund share the rewards. The card was formerly issued by MBNA. However, Bank of America, which acquired MBNA canceled the card program earlier this year. U.S. Bank has taken over the affinity card program. The Linux Fund says the card program generates about $100,000 per year which it gives out in grants to “Free and Open Source Software” projects. The Linux Fund has also donated to new ideas and teams who maintain things like Debian.Details
NCR’s Teradata has appointed Stephen (Steve) Scheppmann, previously EVP and CFO of Per-Se Technologies to the position of EVP/CFO. Scheppmann joins Teradata with 20 years of experience as a CFO and more than 10 years in public accounting. He is a member of the board of directors of eResearch Technology, Inc., a publicly-traded biotechnical services and technology company, where he also serves as the chair of its audit committee. Previously, he was executive vice president and CFO for NOVA Information Systems, Inc. from 2000 to 2006 and senior vice president and CFO for Larson-Juhl, Inc. from 1988 to 2000. He held senior auditing positions with Arthur Andersen & Company from 1978 through 1988. Scheppmann is a magna cum laude graduate of the University of Wisconsin at Whitewater with a bachelor’s degree in business administration. Teradata is a provider of enterprise data warehousing, analytic applications and data warehousing services.Details
Dollar Rent A Car Dollar Dividends members will earn quadruple points for car rental bookings of three days or more and travel agents will will receive a personalized American Express Incentive Services reward card. Once agents have earned 25 points, they will receive a the AEIS reward card that can be used anywhere the American Express card is welcome. One point is equivalent to $1 of purchasing power. Points accrued upon the completion of qualifying rentals of three days or more will be added to the card balance on a daily basis. Once the AEIS rewards card is issued, DOLLAR will update point balances daily with new transactions. Dollar has more than 535 worldwide locations in 48 countries. AEIS is a joint venture between American Express Travel Related Services Company Inc. and Maritz Inc., provides business-to-business reward solutions including prepaid cards, American Express Gift Cheques and a Web-based reward management tool.Details
American Express will launch a new ad campaign this Friday to showcase its dispute resolution card benefit. Tennis star John McEnroe, known for his classic on-the-tennis-court disputes, will appear in the new national promotion. The ads are part of AmEx’s new “Are you a Cardmember?” communications campaign designed to showcase the value of membership and its array of special benefits and services. AmEx plans to use other talent to promote additional benefits. The campaign theme is incorporated across advertising, product marketing and sponsorship properties in the USA including the “2007 US Open Tennis Championships.”Details
Dialog Telekom & NDB Bank have introduced eZ Pay mobile commerce
solution in South Asia. The solution allows customers to pay bills and
perform banking transactions from their mobile phone. The eZ Pay solution
facilitates mPayment, mBanking and mTransfer transactions which allows
subscribers to pay for goods and services at eZ Pay merchant outlets, to
deposit or withdraw cash at any authorized eZ Pay Top Up Agent and
to transfer money or conduct remittances to and from family members,
respectively. Dialog Telekom has over 3.5 million subscribers, 60% of the market, and has a Market Capitalization of nearly LKR 191.38 Billion, 23.1% of the Market Capitalization on the Colombo Stock Exchange.
NY-based consumer debt collector Debt Resolve reports that it is adding new accounts at the rate of $1 billion (face value) per quarter. The Company offers a patented Internet solution for the collection and settlement of consumer finance accounts receivable. Debt Resolve’s system has processed over 15 million accounts (including credit card, auto finance, and healthcare) with a face value of over $15 billion since its inception in 2003. Clients using the “DebtResolve” system have a settlement rate of over 50% for debtors who logged in, and settlements averaging 15% over the clients’ floors or the bump rate. Revenue for the second quarter was $875,210, compared to $27,026 in the second quarter of 2006. Net loss for the second quarter was $5.3 million compared to a loss of $1.7 million in 2Q/06. For complete details on Debt Resolve’s latest performance, visit CardData ([www.carddata.com]).
New borrowing on credit cards contracted for the fifth consecutive
month, dipping by GBP 73 million in July. For the past six months credit
card lending has declined by an average of GBP 116 million per month.
The British Bankers Association reports that total net lending rose by
an underlying GBP 13.6 billion in July, compared to GBP 13.1 billion in
June. Of the total rise, mortgage lending accounted for an underlying
GBP 5.7 billion. Consumer credit rose by GBP 141 million overall and
personal loans/overdrafts grew by GBP 214 million compared to June’s
rise of GBP 167 million. The BBA collects data from Abbey, Alliance &
Leicester, Barclays, Bradford & Bingley, HBOS, HSBC Bank, Lloyds TSB,
Northern Rock and The Royal Bank of Scotland.
Lloyds TSB is now offering U.S. residents a triple-currency U.K. personal bank account in U.S. dollars, sterling, and euros. The new “International Account” includes a “chip & PIN” debit card for use in the UK. Its first U.S. representative office in the western U.S. has opened in Los Angeles and will focus on serving U.S. citizens going abroad as well as the large expatriate U.K. and international community living in California and throughout the western U.S. The company also has representative offices serving the east coast in Connecticut and Florida. Lloyds says it can take up to three months to open a local bank account in the U.K..Details
Digital Identification Solutions has completed the acquisition of its
partner, vps ID Systeme software for a purchase price that is to remain
confidential. This development makes vps the 7th member of the Digital ID
Solutions Group, which has subsidiaries around the world, and is
save both companies marketing costs, will allow product portfolio marketing
collaboration and project management collaboration. Major names in the vps
base of reference include Siemens, BMW, RWE, the Ingersoll-Rand Group and
DRV and BitKom. Digital Identification Solutions has a global presence
its over 5,000 installed systems.
Plastic card manufacturer Personix announced the certification of its Nashville facility by Discover. To achieve certification, Personix Nashville demonstrated that every aspect of its card manufacturing processes met the highest level of security and effectiveness. Meeting the stringent requirements of the Discover certification further strengthens Personix Nashville’s leadership position in the card manufacturing industry. The addition of Discover card manufacturing enhances Personix Nashville’s extensive suite of card products that includes financial cards, retail cards, healthcare and other ID cards and gift cards. The Personix Nashville facility was certified by VISA and MasterCard for secure card manufacturing in 2003. Personix is a business unit of Fiserv and a provider of business-critical communications to the financial services, healthcare, telecommunications, investment services and retail markets.Details
Gemalto and NXP Semiconductors have announced their collaboration
for the development of SIM-enabled, Single-Wire-Protocol(SWP) NFC
Solutions. SWP is a specification for a one-wire connection between the
SIM card and the NFC chip in a mobile phone. With this agreement, the
companies aim to define a SIM-based NFC industry standard and
compliancy with telecom operator requirements. The joint solution is
under review for standardization by the European Telecommunications
Standards Institute (ETSI). Gemalto had 2006 annual revenues of 1.7 billion
euro, operations in about 100 countries and over 10,000 employees. NXP is
a semiconductor company founded by Philips more than 50 years ago and
has 37,000 employees in more than 20 countries. NXP posted sales of EUR
5 billion in 2006.
KS-based bank technology provider DCI has promoted regional sales manager Matthew Court to VP, Sales. As vice president, Court is responsible for the strategic management of a nationwide sales team to handle the sales growth of iCore, the company’s bank processing and management solution. Court joined the company in May 2006 as regional sales manager for Southern California, Utah, Nevada and Texas from Experion Systems, where he served as director of Sales, Western United States. DCI is a provider of full-service bank technology and processing solutions to the financial industry.Details