First Internet Card Transaction In Macedonia

Net Consulting & Solution and Diners Club have announced that the first
ever Internet credit card transaction in the Macedonian region is to be
conducted. This development is in response to the recent growth in the
amount of issued cards in the region and the need for modernization.
Net Consulting & Solution will partner with the Croatian company, Web
Studio, to offer solutions for on-line payments and card authorization .

Details

VISA and Marriott Launch Summer Bonus Bucks

Marriott International has teamed with VISA again to offer a “$100 Bonus Bucks” coupon good towards a future two-night paid stay for guests who use their VISA card to reserve a weekend stay, and pay for their stay with their VISA before September 2nd. Marriott Hotels & Resorts and JW Marriott Hotels & Resorts participate in Marriott’s award-winning frequent travel program, Marriott Rewards. Members earn their choice of points toward free vacations or frequent flyer mileage for dollars spent at more than 2,500 Marriott hotels worldwide. Combining VISA’s worldwide acceptance with Marriott’s signature service, Bonus Bucks coupons are Marriott’s and VISA’s way of rewarding customers for their loyalty.

Details

Card Transactions On The Rise

From March to April 2007, Statistics New Zealand shows a 1%
increase in electronic card transactions. In the month of April, there
were 77 million transactions valued at $4.4 billion representing an
adjusted increase of 0.1% compared with March. Furthermore,
compared with April 2006, this figure was 8.6% higher. For March
of 2007, the average transaction per person was 211 and an annual
value of $12,332.

Details

Citi AAdvantage Card Hits 20th Birthday

To celebrate the 20th anniversary of the “Citi AAdvantage” card, Citi and American Airlines is offering a special live auction, 20% discounts on “MileSAAver Awards,” an “AAdvantage” miles giveaway, plus a sweepstakes. Cardholders will be able to bid on special high-value entertainment, sports, leisure, and travel packages starting June 5th. Cardholders will be able to view the first five packages starting June 1st. Some items can be purchased by credit card while other require miles. New postings will then appear every Tuesday thereafter for a total of four weeks. Cardholders will also receive 20% off “MileSAAver” awards including coach, first and business class fares within the continental U.S., Mexico, Caribbean, Hawaii and Canadian destinations for travel between August 22nd and November 16th. Additionally, a sweepstakes will award 20 times bonus miles to one grand prize winner and 500 first prize winners. Every transaction that card holders make during August and September 2007 will count as an entry into the sweepstakes. Plus, from June through September, Citi will be conducting giveaways on the “Private Pass” Web site, in airports and in airlines, in addition to partner discount sand deals.

Details

BMO DEBIT REWARDS

BMO Bank of Montreal has added “AIR MILES” to its debit cards starting today. In addition, BMO customers who have a “Mosaik MasterCard ” with an “AIR MILES Reward Option,” can also increase their monthly reward totals, by as much as 30%, simply by doing more business with BMO. For example, BMO will increase the value of rewards earned each month by a multiple of 10%, 20% or 30% depending upon how many BMO banking products and services customers have in their portfolio of bank business. The program is a move by BMO to capture the personal banking
business of “AIR MILES” collectors who currently represent nine million active collector accounts or approximately two-thirds of Canadian households. BMO noted that since 2002, debit purchases in Canada have grown 73%.

Details

Half of Americans to Charge 2007 Vacation

A new poll finds that 52% of Americans will charge their summer vacation to their credit cards. The e-mail poll conducted by priceline.com also found that 40% said they would pay with a debit card, check or cash. Only 20% of consumers responding to the priceline.com survey said they planned to drive to their vacation destination this year. Most consumers said they would fly instead to their vacation destination. About 73% said they would travel more than 500 miles each way with 13% traveling between 300 and 500 miles, 7% said they would travel less than 300 miles and 3% said they would just stay home.

Details

VISA Card Use Growth Doubles Global Rate In Asia

VISA International Asia Pacific has reported a 31% growth in prepaid
and debit card use in 2006 for the region, twice the rate of the global
average, according to The India Financial Express. The card sales volume
for 2006, including cash transactions, was $156 billion for the year, a
31% increase over 2005. The global growth was 17%, which was 60%
of VISA global total consumer volume and more than 67% of the number
of VISA transactions. The number of India VISA debit and prepaid cards
was more than 33.9 million.

Details

Contactless & RFID Technologies Confusing

Frost & Sullivan says the market still lacks a clear understanding of what smart card technology and RFID technology is able to do in terms of security and processing. Contactless cards, in particular, are capable of transacting more sensitive and confidential information than RFID cards/tags as they are usually equipped with higher authentication mechanisms and security layers. It should not be confused with RFID technology, which is more popular in instances where less confidential data are transacted and single application is used. Frost & Sullivan says confusion between the two technologies could eventually impede the potential growth of the both the RFID and contactless smart cards markets.

Details

TM & AmBank Pool Resources

Telekom Malaysia Berhad (TM) has formed an alliance with
Amcorp Group, AmBank (M) Berhad and MCM Wireless Sdn. Bhd.
(MCMW) that will create new opportunities for all parties involved by
leveraging on each other other’s respective strengths. These strengths
will widen the companies’ distribution network, product development
and innovation for market penetration. The companies have signed a
Heads of Agreement to open new business opportunities and a
Collaboration Agreement for the use of AmBank’s distribution channels.
The latter will allow for the sales of TM’s “iTalk” cards and reload cards
and include the ATM machine channels, vending kiosk channels and
Internet banking channels. Also, because of this agreement, a co-branded
card program between AmBank and TM will combine AmBank’s
“NexG Prepaid” Mastercard and TM’s “iTalk”. AmBank and TM will
incorporate TM’s “iTalk” talktime and other products into AmBank’s
loyalty points reward redemption program enabling customers of both
parties to redeem their points with TM’s products and services. TM
currently has an operating revenue of more than RM16 billion.

Details

Cardinal Software Hires a New Sales Exec

TX-based Cardinal Software has hired Mike Witt, formerly with ACS and Fiserv, as SVP/Sales & Marketing. Mike’s most recent role at Fiserv was Sr. Sales Executive in the Southwest region. Witt began working in banking operations over 18 years ago. From there, Mike went on to Affiliated Computer Services (ACS) where he worked with system conversions, client services, and executive account management. He was the acting Sr. Account Manager in the bank services division when he left ACS to go to Fiserv where he spent the next 12 years. He is a graduate of Texas Wesleyan University.

Details

MasterCard Delays SEPA Interchange Rates

Mastercard Europe will delay the introduction of SEPA fallback
interchange rates for “Maestro” POS transactions and will not be
applied as of January 1st, 2008. This decision was made upon recognition
that European markets are implementing the solutions on different
market structures, competition, consumer and merchant expectations,
and regulations. MasterCard processes approximately 14 billion
transactions each year through its family of brands, including Maestro
and Cirrus®, and serves more than 210 countries and territories.

Details

AmEx Expands its Hilton Summer Promotion

Hilton Garden Inn has partnered with American Express and Dockers Golf to expand its annual “Great Golf Giveaway” promotion and to offer an AmEx-branded prepaid card worth up to $50 for guests who complete a stay booked online via “OPEN” and pay with any AmEx card.Guests who complete a stay booked online under Offer Code OPEN and pay with any American Express Card that includes two nights over Thursday, Friday, Saturday and/or Sunday night at any Hilton Garden Inn will receive an American Express – branded prepaid card worth $25 redeemable at any of the thousands of Hilton Family hotels worldwide. Guests who stay three qualified nights and pay with any American Express Card will receive a $50 card redeemable for a future stay at any Hilton Family hotel.

Details