PAYjr Teen MasterCard Spreads into New Mexico

Dallas-based PAYjr has signed the Credit Union Association of New Mexico to offer co-branded prepaid debit cards for teens. Under the agreement, CUANM will offer a “PAYjr CU Succeed Prepaid Card” that provides teenagers flexibility and spending independence while also preventing overspending because it is a debit card rather than a credit card. Money is loaded electronically to the card through the completion of chores, recurring allowances set up by parents, one-time loads or by direct deposits from employers. Cardholders can track and manage their own expenses online, and the PAYjr system also provides SMS text messaging or email notifications to keep parents and teens aware of card activity, including balances and loads to the card. PAYjr provides easy-to-use online tools that help parents teach their children about money management and budgeting. The Credit Union Association of New Mexico is a not-for-profit trade organization that serves the needs of credit unions throughout the state.

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PayPass Cashless Vending Enters Oklahoma

OK-based Great Plains Coca-Cola Bottling Company has agreed to equip vending machines with USA Technologies’ “e-Port G6” cashless transaction solution to accept “MasterCard PayPass” contactless payments. The machines will be deployed first in Oklahoma City and Tulsa in multiple market environments, including colleges and universities, healthcare, hospitality, and businesses and industry workplaces. To make a cashless transaction at a PayPass-enabled vending machine, consumers need only tap their MasterCard PayPass-enabled credit card or device on the e-Port terminal. No signature is required. The machines will accept MasterCard PayPass contactless payment functionality as well as all major credit cards and cash. Great Plains Coca-Cola Bottling Company is one of the ten largest Coca-Cola operations in the United States. USA Technologies provides networking of wireless non-cash transactions, associated financial/network services and energy management.

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CHASE GOLD

Chase has launched its first proprietary credit card for Canadian consumers. The new “Chase Gold MasterCard” is the third card offering in Canada. Chase entered the Canadian market in 2005 with the acquisition of the Sears Canada credit card portfolio. Most recently, Chase introduced its new “Marriott Rewards Platinum VISA” in Canada. Chase also noted it plans to hire 100 Ottawa-area employees and will also expand jobs in Toronto to support its credit card business in Canada.

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Study Shows Mass Consumer Ignorance To ATM Fees

USwitch.com has released findings on their study regarding the consumer
and ATM fees. Findings show that nearly 1 million Britons are unaware
their credit cards are charged upon cash withdrawals. Furthermore, 80%
of those polled are unclear on ATM charges on credit cards overseas.
Cash rates have increased since May of 2005 from 20.8% APR to 27.06%
APR. Experts say that credit card providers are now charging up to
31.23% on cash withdrawals.

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Hypercom P4100 PIN Pad is PCI PED Approved

Hypercom’s new “P4100 PIN Pad”, the first PIN entry device that includes a choice of contactless, EMV smart card or magnetic stripe payments, a touchscreen display, and multiple vendor protocol support enabling integration with Hypercom and other card payment terminals as well as leading cash register systems, has been “PCI PED” approved. Hypercom is also offering a WiFi option for use with wireless and IP-enabled payment terminals.

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Amtrak Deploys ExaDigm XD2000 Nationwide

Amtrak is deploying ExaDigm’s wireless payment solution on all Amtrak trains offering food and beverage service throughout the U.S. beginning April 1st. Last year Amtrak and Santa Ana, CA-based ExaDigm conducted extensive trials of the solution on passenger trains operating in Amtrak’s Northeast Corridor. ExaDigm’s “XD2000” features “VISA CISP PABP” validation and 256-bit SSL encryption at the time of card swipe; true modularity delivering the flexibility to easily change wireless connectivity through a simple swap of a modem; and a PC-based architecture and Linux operating system. The “XD2000” also offers item/price lookup for all food and beverage service items, detailed sales report generation and an inventory control feature. Amtrak says it expects full deployment to be completed by April 30th.

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Arthur Blank Unveils the MirrorCard

Boston-based Arthur Blank has unveiled the “MirrorCard.” The company says the high gloss metallized finish is suitable for membership, loyalty, hotel key cards, casino players cards, gift cards and direct mail programs. It can also be used for signs and point of purchase displays. The “MirrorCard” is available in all of Arthur Blank’s standard products. Arthur Blank also recently introduced the “Scratch ‘N’ Sniff Card,” the “AB RecycledCard,” “CornCard USA,” “DualKard;” and the “Dura7 Card.”

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CellTrust WALLET Enables Account Management

AZ-based CellTrust has introduced an automated, secure software and subscription service for cell phones that enables users to manage their bank, credit card accounts, and other personal information in real-time. The new “CellTrust WALLET” also proactively monitors travel information such as flight delays, gate changes, and cancellations and enables the secure purchase of goods and services. Initial participating companies include: Wells Fargo, BofA, Citi, Chase, Discover, US Airways, Delta Airlines, American Airlines, British Airways, Southwest Airlines, United Airlines, Marriott, Starwood, Avis, and Hertz. The “CellTrust WALLET” is available as a free beta download at the Company’s Web site.

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EverBright Bank Aims To Expand Card Operations

EverBright Bank is planning a major expansion of its credit card operations, according to the Shanghai Daily. The bank has issued
over one million cards and in the next year is looking to add up to
1.5 million more. In an effort to spur further growth, the bank is
promoting credit card products to compete against rivals, including
China’s big four state-owned lenders. For example, the company began
offering the country’s first credit card for baby products, including
promotions and catering to the new-family demographic. Also, they have
signed agreements with bank card system operator, China UnionPay Co, to
establish more cooperating merchants, enhance branding, develop dynamic
products and customer service operations. In doing so, EverBright hopes
to expand by adding up to 20 million new card customers in three to five
years.

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Evolution Lands a FSA Transaction Patent

CT-based Evolution Benefits has received a US Patent for its health benefit card technology system to substantiate transactions. The company’s patent, U.S. Patent 7,174,302 titled “System and Method for Processing Flexible Spending Account Transactions,” refers to the system and method EB developed for real time substantiation of card transactions prior to authorizing payment. This patented process ensures that payment is made only for qualified items and eliminates the need to request documentation from the cardholder. The system is widely used by EB’s clients and permits 100 percent electronic substantiation of transactions like prescription drug claims. Evolution Benefits’ primary product, the Benny Prepaid Benefits Card, applies advanced payment and patented auto-substantiation technologies to FSAs, HRAs and HSAs.

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Keycorp Tops 35MM EMV Smart Card Chips

Sydney-based Keycorp has renewed its global alliance with
MasterCard into 2009 to guarantee competitive module and card prices to
all MasterCard customers. The electronic transactions specialist also reported its has delivered more than 35 million EMV smartcard chips to-date. The Company says it expects sales of its EMV chips to pass the 50 million mark this year. Keycorp solutions range from smartcards and POS transaction systems to managed services. The Company has customers in over 30 countries including: Citibank in the UK, Credit
Mutuel in France, Kookmin Bank in Korea, Banrisul in Brazil, Kreditkort
in Iceland, Banka Koper in Slovenia, Banamex in Mexico, Cosmos Bank and
the award-winning Kaohsiung City Government contactless EMV transit card
in Taiwan.

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