UDPay Card More Accessible Through Post

In collaboration with China Post, Beijing Perfect World has launched
the “Post UDpay Card” payment mode, to coincide with the company’s
new “Post UDpay Card”. This allows users living in less
developed areas to purchase the card at local post offices, and other
sales points, giving access to Beijing Perfect World’s games. These
games include “Perfect World,” “Perfect World: International Version,”
“Wulin2” and current CB testing of “True Love Online Game”. “UDpay”
is an online payment service based on China post’s digital mailing system
and can be purchased through national post offices. Perfect World is a
3D online game presented by Beijing Perfect World Technology Co., Ltd.
The company invested more than 30 million RMB into finishing the whole
project over three years.

Details

MC Q1 REGIONS

MasterCard’s worldwide growth rate in quarterly gross dollar volume increased from 12.3% in 1Q/06 to 16.4% in 1Q/07, however, it was primarily driven by growth in the U.S. which rose from 13.1% to 15.7% during the same period. The other five MasterCard regions slightly slipped except in the Asia/Pacific where GDV growth increased from 6.9% in 1Q/06 to 15.1% in 1Q/07. In the U.S. the uptick was primarily due to a 41% jump in debit program GDV. Worldwide, MasterCard’s debit programs were up 34% in 1Q/07 GDV. Europe, the second largest region for MasterCard, posted a 15% rise in first quarter GDV to $141 billion from 156 million cardholders. Asia-Pacific reported GDV of $69 billion and 160 million cardholders. Latin America, which has 89 million cardholders, had $34 billion in first quarter volume, a 24% gain. Canada experienced a 14% rise in Q1 GDV of $18 billion and 33 million cardholders. The South Asia/Middle East/Africa region posted $9 billion in gross dollar volume, a 47% increase, from 27 million cardholders. As of March 31st, the Company’s customers had issued 835 million MasterCard cards worldwide, an increase of 11% over the same period in 2006. MasterCard now has 25.1 million acceptance locations worldwide. For complete details on MasterCard’s first quarter results, visit CardData (www.carddata.com).

Details

Dish in the City Catuity Gift Card Coming

Catuity has been hired by Denver-based Dep Group LLC to support the “Dish in the City” program, a national dining card program to reward consumers for dining at their favorite restaurants. The “Dish” program is a unique marketing concept that combines the power of print advertising with multi-channel loyalty marketing for the nation’s restaurants and will target four key U.S. markets for rollout this year. The company also expects to add a “Dish in the City” branded gift card through Catuity by year-end. The Dep Group provides marketing services to restaurants. Catuity manages more than four million cardholders in loyalty and gift card programs.

Details

Metro Water Implements Online Payment

The Leyte Metropolitan Water District(LMWD) has implemented
an on-line payment system, disallowing management from intervening
in the surcharge or penalty computation process. Approximately
30,000 cubic meters of potable water is delivered daily to the
LMWD service area covering the municipalities of Palo, Tanauan,
Tolosa, Dagami, Tabon-tabon, Sta. Fe, Pastrana, and the city of
Tacloban with 25,708 water concessionaires in the LMWD’s area
of coverage.

Details

Skye Bank Introduces Naira Credit Card

Skye Bank has introduced both a “Classic” and “Premium” credit card
with a naira denomination. The “Classic” Skye Bank credit card is
targeted at the low-income demographic offering benefits derivable
from carrying a debit card. The “Premium” credit card targets a wider
market differentiated by income bracket and credit profile. These
cards provide customers and non-customers of the bank with both
secured and unsecured account options. Some features include interest
free period of up to 30 days, interest rate of 18 per cent per annum on
utilized credit only, flexible limit-based on income of cardholder; free
Internet and mobile banking services and SMS alerts on all transactions.

Details

ATM Association Hosts ATM Conference

The ATM Industry Association will be hosting its 3rd annual
“ATMs In Asia” conference in Beijing. This conference will
focus on preparing China’s ATMs for the millions in additional
transactions expected to be conducted during the Olympic
Games in the Summer of 2008. In doing so, banks will address
issues concerning user-friendliness, security and efficiency. Present
at the conference will be the Bank of China, addressing possible
fraud risks, and Agricultural Bank of China, to discuss the
country’s fast-growing ATM market. Also, Cardtronics ISO,
operator of more than 25,000 ATMs, will address efficient ATM
deployment.

Details

FISV PLUS System to Support CarePayment Card

Fiserv Credit Processing Services’ “PLUS System” has been selected by OR-based Aequitas Capital Management enhance its CarePayment program. CarePayment is designed to help Aequitas’ hospital clients improve net revenue collections by simplifying the growing out of pocket expenses for their patients. Through its CarePayment card, Aequitas is partnering with hospitals nationwide to offer a custom-branded finance program that provides patients the option of paying their medical bills over extended terms with no interest. Aequitas Capital Management is an alternative investment firm providing integrated corporate advisory and commercial finance products and services and has structured and invested more than $1.5 billion in customized financial transactions to the middle market, energy and healthcare sectors. Fiserv provides information management systems and services to the financial and insurance industries. Fiserv reported more than $4.5 billion in total revenue for 2006.

Details

Euronet Introduces Security Solution

Euronet Worldwide has introduced “Euronet
Monitoring Utilities” (EMU), designed to monitor financial
transactions. It is integrated with the corporations’ core processing
engine, “Integrated Transaction Management” (ITM) and is a configurable
tool allowing institutions to customize the level of monitoring
required for most aspects of their transaction processing system.
Monitoring is conducted using interface such as ATMs, the ITM
processing engine, the processing server and their network connection.
If fraud is detected, a break message or email is sent so the proper
measures are taken to address the issue. The Solution also provides
information filtering, user permissions, and task management. Euronet’s
Software Division has 300 client installations in over 60 countries.

Details

March Charge-Offs Hit a 14-Month High

Charge-offs, among “prime” credit card-backed securities, resumed its upward path in March hitting a new fourteen month high. Although the figure is only five basis points above January’s peak, it is 126 basis points above the year-ago level. The 60+ day delinquency ratio, which is an indicator of future charge-offs, also rose by three basis points in March to a new high since late 2005. According to FitchRatings, “prime” charge-offs for March were 4.36% compared to 4.13% in the prior month and 3.10% for March 2006. The “prime” 60-plus day delinquency index for March was 2.69%, compared to 2.66% in February. Fitch also reported that “sub-prime” 60+ day late payments decreased by eight basis points in March to 5.27%. “Sub-Prime” charge-offs also decreased 80 bps to 8.73%. Fitch says the recent decreases in sub-prime charge-offs can be attributed to the normalization of the delinquency bubble caused by changes made to the minimum payment calculation per OCC guidance.

ABS PRIME CHARGE-OFFS HISTORICAL
Mar 06: 3.10%
Apr 06: 3.19%
May 06: 3.58%
Jun 06: 3.58%
Jul 06: 3.44%
Aug 06: 3.94%
Sep 06: 3.88%
Oct 06: 3.78%
Nov 06: 3.88%
Dec 06: 4.21%
Jan 07: 4.31%
Feb 07: 4.13%
Mar 07: 4.36%
Source: FitchRatings

Details

Imperial Oil to Accept Wright Express Cards

Wright Express Corporation has signed an acceptance agreement enabling
their customers to use the “Wright Express Fleet Card” at all Imperial Oil
Limited Essos throughout Canada. This gives the card broader acceptance
in addition to the 180,000 North American fuel and maintenance locations
already in the Wright Express network. Imperial Oil is sold coast-to-coast
through a supply network including nearly 2,000 retail outlets. Also, the
company distributes more than 700 products through about 295 commercial
bulk plants and 30 distribution terminals. Wright Express offers payment
processing and information management for approximately 295,000
commercial and government fleets containing 4.3 million vehicles.

Details

IP Merchant Solutions Expands MegaPath’s VPN

MegaPath has partnered with IP Merchant Solutions to expand MegaPath’s “StoreConnect Virtual Private Network” service for delivery of credit/debit, automatic teller machine, prepaid calling card, check and money order transactions to more than 25 processors. IPMS maintains redundant gateways between the MegaPath network and over 25 processors. It also converts legacy serial and dial-up POS terminals and other devices, like fuel tank monitoring systems, to IP so that this traffic can be transmitted across the MegaPath network enabling retailers to reduce costs and increase revenues by removing phone lines, adding new applications and simplifying the management of multiple processors. IP Merchant Solutions provides retail companies with credit card processing and authorization solutions. MegaPath is a provider of managed IP communications services.

Details

Barclaycard Plans an Environmental Card

Barclaycard has announced that it will introduce “The Barclaycard
Breathe” credit card that donates 50% of profits to reducing carbon
emissions around the world. As part of ‘We’re In This Together’
campaign, the “Breathe” card will also offer discounts and lower rates
on environmentally-friendly products, will utilize recycled plastic for the
cards, and provide online account statements only. The donations from
the new card will be made to an independent third party to allocate
funds to the appropriate government-approved projects.

Details