Hypercom Builds Speed into SmartPayments

Hypercom has upgraded its PC-based merchant solution to process payments in five seconds or less. Besides high performance, the new “SmartPayments Server” facilitates the processing of loyalty cards, convenience charges, tip adjustments, signature capture and check retrieval for charge-backs. Additionally, the software has been certified by more payment processors including ECHO Payment Processing, First Data Omaha, Fast Check Cyclone, Global Payments, Heartland Payment Systems, Chase Paymentech Solutions and TSYS Acquiring Solutions. “SmartPayment Server” is built on .NET which leverages Web services as a backbone for processing integrated payment processing transactions with business critical processes and ubiquitous client-side input devices. The solution is designed for resale or as a service by merchant acquirers, ISOs and Hypercom resellers. Hypercom says several companies have already switched to “SmartPayments” including merchant acquirer Heartland Payment Systems and ISOs Datalink Bankcard Services, Merchant Warehouse, Merchant Services Network and Transaction Processing Partners of Texas.

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MC Q4 REGIONS

MasterCard’s worldwide growth rate in quarterly gross dollar volume
increased from 12.3% in 4Q/05 to 13.8% in 4Q/06, however, it was solely
driven by growth in the U.S. which rose from 11.6% to 14.5% during the
same period. The other five MasterCard regions have all slightly slipped
except in the Asia/Pacific where GDV growth dropped from 8.7% in 4Q/05
to 6.8% in 4Q/06. In the U.S. the uptick was primarily due to a 45% jump
in debit program GDV. Worldwide, MasterCard’s debit programs were up 35%
in 4Q/06 GDV. Europe, the second largest region for MasterCard, posted a
13% rise in fourth quarter GDV to $145 billion from 152 million
cardholders. Asia-Pacific reported GDV of $77 billion and 155 million
cardholders. Latin America, which has 86 million cardholders, had $37
billion in fourth quarter volume, a 25% gain. Canada experienced a 13%
rise in Q4 GDV of $20 billion and 32 million cardholders. The South
Asia/Middle East/Africa region posted $9 billion in gross dollar volume,
a 38% increase, from 25 million cardholders. As of December 31st, the
Company’s customers had issued 817 million MasterCard cards, an increase
of 12% over the same period in 2005. MasterCard now has 25.3 million
acceptance locations worldwide. For complete details on MasterCard’s
fourth quarter results, visit CardData (www.carddata.com).

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VISA Launches a Major Signature Promo

VISA USA is today launching its most significant advertising campaign of the year targeting America’s “new affluent” consumers. The new “Visa Signature Living” campaign,” which will run through September, will utilize print and online media. The first of several print executions will feature an aspirational list of activities that can accessed via the “VISA Signature” card. The online campaign includes targeted travel, food and dining, sports and leisure and lifestyle Web sites. The “Visa Signature Living” campaign is part of VISA’s ongoing “Life Takes VISA” brand campaign. One-year ago VISA launched the “Life Takes VISA” campaign, its first new brand campaign in 20 years. VISA defines the new affluent as U.S. households with more than $125,000 in annual income. VISA says “Signature” cardholders generate an average annual spend per active card of roughly $25,000. In the third quarter of 2006 volume on “VISA Signature” grew 16.8% to $34 billion, in a year-over-year comparison. (CF Library 2/7/06)

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NCR Names a VP for ATM Business Development

Mel Walter has been named VP of self-service business development for NCR. A 27-year veteran of NCR, Walter will be responsible for strategic alliances, mergers and acquisitions, and industry analyst relations as it relates to NCR’s self-service businesses. Walter most recently served as vice president of major accounts for NCR’s Financial Solutions Division where he was responsible for driving the company’s self-service business with the largest financial institutions and ATM deployers in the United States. Walter will work with the company’s business units on implementing its self-service strategy in targeted industries such as banking, retail, travel, health care, public sector and gaming.

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GSN & Allureis Team for Grocery Store Cards

The Grocery Shopping Network and Allureis have entered into an agreement to develop a new loyalty program. GSN will play a key role in helping stores with program integration, redemption, promotion, and marketing. Allureis offers the program as part of the SCORE LoyaltyShare Network under license from Source Inc. Grocery Shopping Network is a software and systems development company that specializes in personalized digital marketing solutions for the grocery and consumer packaged goods industries. Allureis is a loyalty solution provider to organizations with an emphasis on media partners and the grocery industry.

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New President/CEO Takes Over at Interac

Canada’s national EFT/ATM/POS network has named a new president and CEO. Mark O’Connell, former EVP/Finance Market at Emergis, is now overseeing the operation of Canada’s shared electronic financial services network to lead the development of new payment services and spearhead the introduction of chip technology to Canada. O’Connell also formerly held an executive position with NCR. The Interac Association and Acxsys Corporation said O’Connell took over last week. The Interac Association is responsible for the development of the national network for two shared electronic financial services: “INTERAC Direct Payment” and the “INTERAC Shared Cash Dispensing Service.” Acxsys Corporation is the architect of the INTERAC network which is used for POS/ATM transactions in Canada and for cross border debit transactions in the U.S.

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Cryptomathic Hires a Solutions Architect

Alexandre Stervinou has been appointed to the position of Senior Solutions Architect at Cryptomathic. Stervinou has extensive experience within the banking sector and of overseeing security implementations for large corporate and original equipment manufacturer (OEM) customers and will be responsible for providing pre and post sales technical design support to customers globally. Previously, he held a sales management role for the Data Security Group at RSA. Prior to working at RSA, Stervinou was a Network Security Engineer at Societe Generale and a Smart Card Technology Consultant at Gemplus (Gemalto). Stervinou holds an MS in IT from the National College for Electronics and Computer Science of Bordeaux, France and currently holds a Certified Information Systems Security Professional (CISSP) certification.

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Discover Lands an Arena Football Partnership

Discover Financial Services has signed a deal with the Arena Football League that designates the “Discover Card” as the exclusive and official credit card of the AFL and its member teams. The three-year contract requires all 19 teams to wear a “Discover Card”-branded patch on the left side of the team’s dark jersey. Other in-arena activation includes dasherboards, jumbotron announcements and a discount on team purchases where applicable. Also, the first 500 fans that show their “Discover Card,” or apply for one at AFL entry gates at all games will receive Discover and AFL co-branded t-shirts. The Arena Football League begins its 21st season in March.

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Diebold & VSoft Team for ATM Image Capture

VSoft Corporation announced it will certify Diebold’s “ImageWay” ATM software for implementation with its server solution. The ImageWay solution can now integrate with VSoft’s “Image ATM” server utility software to capture images at the ATM location for processing in compliance with Check 21 legislation. VSoft’s ATM server consolidation solution accepts deposit transaction data. Every check and currency deposit is positively matched against the ATM records. ATM balancing workflows are automated, allowing the institution to decrease the resources needed to support multiple ATMs. Following deposit reconciliation, VSoft’s solution sends all images to the central check processing site, maintaining a complete audit trail for clearing purposes. VSoft Corporation provides multiple products, services and support that cover back office, operations, lockbox processing, Check 21 legislation and retail functions.

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Best Buy Loyalty Card Offers Police Tickets

Existing members of Best Buy’s loyalty program “Reward Zone” will be able to purchase presale tickets to see The Police, set to tour for the first time in 20 years. Best Buy has secured a set percentage of tickets at each venue specifically for existing “Reward Zone” program members, who will have a chance to buy the tickets days before they go on sale to the general public. Reward Zone program members looking for tickets need to visit www.bestbuy.com/thepolice and follow directions to request a “Ticketmaster Presale Code” for the desired concert venue. Each Reward Zone program member can receive only one code. To qualify for the presale, participants need to be 18 years old or older and must have a current Reward Zone program membership that was activated by February 1, 2007. Best Buy sells consumer electronics, home-office products, entertainment software, appliances and related services through more than 1,150 retail stores across the United States, throughout Canada and in China.

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Discover & Motorola Pilot M-Payments

The race to capture the mobile payments market in the U.S. picked up more momentum today as Discover Financial Services announced it has teamed with Motorola to launch a trial involving up to 1,000 cardholders. Using a Motorola phone with “M-Wallet” software, Discover cardholders will be able to check account balances, review payment history and make purchases. Merchants in the Chicago and Salt Lake City area will participate in the pilot. The Motorola “M-Wallet” solution enables high-speed, secure financial transactions via NFC mobile phones in CDMA and GSM technologies. It is being combined with Discover Network’s contactless platform for the trial.

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