TSB Bank Celebrates 20 Years Of Growth

TSB Bank has announced the celebration of its 20 consecutive years
of growth. The bank’s tax-paid profit for 1/3-07 reflects an 11.3% increase
and funds on deposit increased by nearly 10% since the same period in 06.
Also, the institution’s home lending total stands at $1.93 billion while
the
“Capital Adequacy Ratio” stands at 16.08 percent, more than doubling the
national standard.

Details

MBF Cards Implements Promotion

Through a new promotion, “Get Smart MBF Cards LCD TV
Promotion”, MBF Cards is hoping to drive annual revenue by 35%.
In doing so, MBF is targeting 80,000 new customers, in addition to
its current 550,000, with the promotion. The campaign will last 4
months and is a collaboration with Samsung Malaysia Electronics to
offer LCD TV sets to card holders whom transfer at least RM7,500 from
other cards and maintain a balance of RM7,000 for at least 39 months.
Also, cardholders who charge at least RM50 three times a month can win
a set in a drawing. In addition, any card holder can buy the TV set with a RM1,200 discount and interest-free installment payments.

Details

APR DEBT

Credit card outstandings declined during April by GBP 300 million. However, the GBP 54.0 billion figure remains well below the December 2005 peak of GBP 59.0 billion. Year-on-year credit card outstandings (not seasonally adjusted) are running about 5% lower than one-year ago. According to the The Bank of England, the increase in total net consumer credit in April of GBP 500 million was lower than the increase in March. Net other loans and advances rose by GBP 400 million. Overall, the annual growth rate of consumer credit continued to fall, by 0.3 percentage points to 5.4%, and the three-month annualized growth rate also fell by 0.3 percentage points to 4.1%.

Details

Worklight Launches New Software

Worklight has introduced new server-based software granting
customers access to account and transaction information through
common technology. Information such as account balances and
investment opportunities can be accessed through personalized home
pages and RSS. The Worklight software offers customers a way to
monitor account activity and banks a marketing tool
for new customer acquisition and maintaining existing ones. The
service will be offered to banks through annual subscriptions and
supports pages including iGoogle, Windows Live and Netvibes, as
well as desktop gadget frameworks, such as Windows Vista Sidebar
Gadgets, Apple Dashboard and Yahoo! Widgets.

Details

ACI Deploys BASE24 Software

To facilitate the PARTnership for European Card Information System
(Partecis), ACI Worldwide will be implementing BASE24-eps software.
Partecis supports international transactions as a uniform, multilingual,
multi-format payment offering and will compliment Single European
Payments Area (SEPA), improving efficiency of cross border payments.
The Partecis system is positioned to exploit efficiencies and economies
of scale generated by SEPA across Europe. BASE24-eps is an integrated
software solution to acquire, authenticate, route, switch and authorize
payments across multiple channels.Partecis is a unified transaction and
payment platform jointly developed and owned by BNP Paribas and
Natixis Paiements. ACI serves more than 800 businesses in 84 countries.

Details

Laurentian Bank Renews its First Data Agreement

First Data International will be extending its credit card processing
agreement
with Laurentian Bank of Canada. Laurentian Bank of Canada has been in
agreements with First Data since 2000, has more than 3,200 employees, 158
bank branches, 29 commercial banking centers and 14 brokerage offices. The
bank has over $17 billion in assets and close to $15 billion in assets
under
administration and employs more than 3,200 people. First Data Serves over 5
million merchant locations, 1,900 card issuers and their customers.

Details

UIC680 Contactless Card Reader Module Introduced

Recently introduced by UIC, the “UIC680” is a contactless card reader that
is designed for integration with various applications. This integration
allows for
the conversion of traditional card readers to a reader with contactless
capability.
The “UIC680” is compact, can be mounted in various places, and has both
USB and RS232 ports with data pass-thru capabilities. The device is
certified
by MasterCard “PayPass”, Visa “Contactless MSD”, and American Express
“ExpressPay”. The Discover “Network Zip” certification is in process.

Details

GlobalCollect Introduces Online Payment

GlobalCollect has introduced a new payment platform designed for online
merchants who accept bank payments from Southeast Asia. The new
solution, “WebCollect”, uses virtual account numbers for reference to
every,
individual order for efficient and secure payment matching. This eliminates
difficulties encountered by merchants when payments made by consumers
without use of the given reference numbers cannot be automatically
matched, making it a time-consuming and difficult manual process to
complete the payment process’s full circle to fund remittance. The payment
platform offers a range of local payment methods and currencies in over
200 countries for cards, bank transfers and checks.

Details

DEBIT CARDS

Since Barclays introduced the debit card in 1987, APACS has released
a report highlighting the 20-year history and the way the card has
influenced
consumers and spending habits. The report reflects that there are 41
million
debit card holders in the UK today compared with 27.8 million in 1996.
Also, there are 68 million debit cards in circulation today, compared
with just 19 million debit cards in 1990, and Britons made 4.5 billion
purchases in 2006 and spent GBP 194.9 billion on their debit cards.
Furthermore, in 2006, each debit card holder used it 166 times on average
and by 2016, spending on debit cards will have doubled to over £400
billion. APACS also predicts that by 2011 personal spending on
debit cards will have overtaken cash.

Details

JCB Cards Announces New Slogan

JCB Cards has announced that “Good Times Start Here” will be the company’s new brand slogan, as part of its new global branding strategy. The new JCB logo, announced in February, will also start appearing at selected JCB acceptance merchant locations worldwide. JCB cards are issued in 20 countries and territories and are supported by a network of millions of merchants in 190 countries and territories. The company has over 350 partners and 59 million cardholders.

Details

Experian Introduces Risk Report

Experian has released a new online commercial report called the “Risk
Report” reflecting consumer usability and experience. Also introduced
is “The Risk Dashboard” to provide access to real-time corporate
data in a single one page view summarizing fundamental, key risk
information essential for making fast, business-critical credit risk
decisions.
Information includes the risk score and credit limit assigned
against the particular company being checked, payment information on how
quickly the company pays its bills, CCJ information, and whether there
are any alerts against the company. These alerts highlight any potential
cause of concern that may need to be investigated further, including a
change in company name, director disqualification or serial director
failure.

Details