BMO & MC SURVEY

The BMO Bank of Montreal Mosaik MasterCard Survey shows that the
average Canadian is frugal when it comes to tipping. Restaurant service sees
the most generous tipping, with 78% tipping 15% of the bill or more. Other
services, however, do not see nearly these results. Less than 40% of
customers tip the equivalent, or more than, 15% of the bill to food
delivery
workers, taxi drivers, aestheticians, hair stylists. In response, the
Mosaik
MasterCard has introduced a rewards credit card that promotes tipping.
When used at participating restaurants, the “Mosaik RewardsPlus” program
triples patrons’ AIR MILES reward miles. When the tip is added on the
credit
card, so too is the number of rewards earned on the card account. Mosaik
MasterCard lets customers collect AIR MILES reward miles from more than
24 million locations worldwide.

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Personix Powers Payjr Card Custom Design

Fiserv’s Personix and Dallas-based PAYjr are delivering edge-to-edge photo design options to financial institutions for teen prepaid cards. The customization allows the user to have a one-of-a-kind card that is unique to his or her lifestyle by allowing a personal digital photo printed on the card. This is a key feature of the new “PAYjr Visa Buxx Card”, which are now available through a partnership with BankFirst. The “PAYjr Visa Buxx Card” combines PAYjr’s intuitive user interface and chore/allowance tracking capabilities with the sophisticated, widespread infrastructure of Visa Buxx. Adding the Personix edge-to-edge photo capability enables teens to design their own prepaid cards using their digital photos, while software from Serverside Group provides upload and editing capabilities. PAYjr provides smart, practical and easy-to-use online tools that help parents teach their children about money management and budgeting. Personix provides high-volume laser printing, mailing, electronic document delivery solutions and plastic card manufacturing, personalization and mailing services to more than 9,000 U.S. and international clients.

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GIVEX & TRI-CITY RETAIL

Givex card management technologies and Tri-City Retail Systems have
integrated Microsoft Dynamics Retail Management System (RMS) to
the processing system. Tri-City Retail Systems offers Givex real-time
gift card program transactions, 24/7 technical support, online reporting
services, program administration, card marketing, and card production
management to clients. In addition to these features and the
Microsoft integration, Tri-City can now provide analysis tools that help
clients track the effectiveness of the programs, subsequently maximizing
their investment return.

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Optimum T4100 Class A Certified by NOVA

Hypercom announced that its 32-bit Optimum T4100 payment terminal for single-lane retailers has received Class A certification from processor NOVA Information Systems. Following an in-depth evaluation, NOVA determined that the T4100 had a broad feature set necessary for their merchants. Hypercom’s terminal is certified to support NOVA’s robust payment solution featuring credit, debit, electronic check and gift card transactions. Additionally the terminal uploads check images via IP, and also includes an exclusive IP diagnostics tool to assist merchants and customer service when troubleshooting communication issues. The certification opens an important sales channel for the IP-enabled T4100 through NOVA’s large customer base of over 900,000 merchants. NOVA Information Systems is a wholly owned subsidiary of U.S. Bancorp and offers integrated payment processing services to more than 1,000,000 merchants worldwide. Hypercom Corporation provides a full suite of high security, end-to-end electronic payment products and services.

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NITROSELL & GIVEX

Givex has certified NitroSell eCommerce V 2.0.0.22 with Givex gift
and loyalty. This will allow NitroSell clients access to manage gifts from
WebStores and seeing return on investment with Givex products.
These products include online reporting, real-time gift and loyalty card
program transactions, full 24/7 technical support program administration,
card marketing, and card production. NitroSell provides eCommerce
software that integrates with Microsoft “Dynamics”, enabling retailers to
put their stores online quickly and efficiently.

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I4 Commerce Adds Three New Executives

At Sony Online Entertainment, Joffe led all new technology research and development activities and was responsible for the development and operation of Sony’s technical infrastructure used to service and distribute Sony’s suite of online games around the world. Williams was a partner at a startup venture capital firm which invested in Internet retailers, and he also provided consulting services to Internet retailer Home Décor Products. At Fannie Mae, Groobey led the strategic planning process and new business initiatives. Previously, she was a partner at McKinsey & Company where she led high impact engagements to improve business performance for clients in financial services, software and other industries. In the course of her 13 years at McKinsey, she helped lead the e-commerce, sales and marketing, and business technology practices. I4 Commerce provides the PayCapture suite for merchants to gain access to a set of technology solutions, including “Bill Me Later”, promotional financing, Preferred Account private label credit and integrated marketing programs.

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GE Money Unveils Earth Rewards MasterCard

GE Money has launched a new rewards MasterCard that contributes up to one percent of card purchases to buy greenhouse gas emissions offsets and that offers a completely paperless application process. Applicants for the new “Earth Rewards Platinum MasterCard” will be able to select the type of reward program they prefer. They can either contribute a full one percent of their card net purchases to GHG emission reduction projects; or contribute one-half of one percent to reduction projects and receive one-half of one percent cash back through their monthly statements. Cardholders will be able to switch back and forth between reward programs whenever they choose, at no cost and with no loss of rewards. GE says if 100,000 cardholders spend $750 per month, the annual greenhouse gas credits retired would be the equivalent to removing more than 175,000 cars from American roads for one year. If those 100,000 cardholders receive their statements electronically, they could spare 600 trees and more than 500,000 gallons of wastewater associated with paper production collectively. All card rewards designated for GHG reduction projects will be accrued over the year. Each “Earth Day” (April 22), the “Earth Rewards” will be used to purchase and retire greenhouse gas emissions credits through GE AES Greenhouse Gas Services. The new card has no annual fee and will offer a zero percent introductory APR for purchases for six months from the date the account is opened.

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VISA EUROPE & LA CAIXA

la Caixa and VISA Europe have launched the VISA “PayWave” in Madrid.
The Visa “PayWave” solution requires the customer to wave the card near a
POS terminal for retail purchases and is being introduced as an alternative
to cash. Because of its time-saving highlight, the solution is
especially useful
in high volume retail environments. la Caixa will gradually be
increasing the
deployment of the “PayWave” to customers in the Madrid area. VISA
Europe is owned and operated by 4,500 European member banks with
321 million debit, credit and commercial cards. With a transaction
volume of
over 1.2 trillion euro in 2006, the card transactions account for 11.1%
of every dollar spent. The network’s cards have acceptance at nearly 24
million locations, including one million ATMs.

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Automated Online Account Opening is a Must

A new research report estimates that fewer than 2% of U.S. financial institutions are offering automated online account opening capabilities today, but the figure will increase to between 18% and 20% by 2010. Boston-based Celent expects that the new core deposit accounts opened entirely online will grow from over 4 million accounts in 2006 to over 9 million accounts in 2009. The report also found that when customers are required to fund an account by mailing in a check, anywhere from 60% of 70% of those accounts never get funded. Celent says that streamlining account opening processes is an imperative for financial institutions of all sizes in their quest for market differentiation and high customer satisfaction levels. A five to seven-year time horizon for completely reengineering account opening processes is par for the course, particularly for large institutions dealing with a proliferation of legacy systems and processes.

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INTERBANK & IBM

For its ATM network services, Interbank has chosen to implement
IBM services under a $4.26 million agreement. Projected to increase
the Peruvian bank’s network by nearly 38%, in addition to existing ATMs,
IBM will install and provide maintenance on 265 machines. Because of
the increasing ATM network, the bank predicts that 70% of its total
customer transactions will be conducted over the Internet, phone and
through ATMs. This reflects the increased efficiency, customer
convenience and cost reduction of the network development. Interbank
has $2.3 billion dollars in assets and a network of 111 branches, 701
ATMs, and 600 POS retail terminals.

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Wells Fargo Mobile Launched Nationwide

Wells Fargo has introduced a browser-based mobile banking solution for consumer customers nationwide and mobile service for businesses on a limited basis. The new “Wells Fargo Mobile” service, enables customers to check balances of their accounts including, checking and savings accounts, mortgage, home equity, brokerage, auto loan, student loan, and credit card accounts; view transaction history; and transfer money between eligible Wells Fargo accounts. In May, Wells Fargo introduced its “CEO Mobile” service to a select group of business customers. In addition, Wells Fargo is working with VISA USA to pilot consumer mobile payments leveraging VISA’s “payWave” contactless technology.

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