TSYS & Moneris Renew Their Processing Deal

TSYS Acquiring Solutions has renewed its merchant-processing service agreement with IL-based Moneris Solutions covering its U.S. portfolio. The agreement continues a long-standing relationship between the two companies, with TSYS Acquiring Solutions remaining as Moneris’ preferred third-party provider of transaction-processing and related support services in the United States. Moneris Solutions is a payment processor, processing more than 2.3 billion credit and debit card transactions a year for more than 350,000 merchant locations across North America. TSYS Acquiring Solutions is a supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers.

Details

Penna’s PFFCU Joins the CO-OP ATM Network

CO-OP Financial Services has signed $2.4 billion PA-based Police and Fire Federal Credit Union (PFFCU) to participate in the national ATM network. The second largest credit union PFFCU’s 150,000 members will gain access to 520 surcharge-free CO-OP Network ATMs in the Keystone state in addition to CO-OP Network ATMs nationwide. CO-OP Network, which has ATMs in 50 states and 10 countries, has a partnership with 7-Eleven to provide surcharge-free ATM access for 24 million credit union cardholders at 5,500 7-Eleven locations across the country.

Details

e-Port Sales Drives USA Technologies’ Q4

PA-based USA Technologies reported fourth quarter revenues of $2.1 million, a 2.7% increase over 4Q/05. During the quarter, revenues from the Company’s “e-Port” were $1.2 million, an increase of 105% over the prior year quarter. The “e-Port” growth was due to an increase in sales of the Company’s new “e-Port G-6,” as well as accelerating growth in license and transaction fees as the company adds more connections to its “USA Live” network. The Company said its growing relationship with MasterCard is helping it rapidly deploy “e-Ports” in cities across the nation, and penetrate exciting new and emerging markets. Also, during 4Q/06 the Company completed a contract with MasterCard for rapid deployment of an additional 5,000 “G6 e-Ports” in vending machines, POS terminals and kiosks in another 12 U.S. cities. For details on USAT’s fourth quarter performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

Details

Citigroup to Use Citi Name; Sells Umbrella

Citigroup announced a corporate branding change that unites its businesses under the well-known “Citi” name and its recognizable red arc design. The company also announced that it will sell to The St. Paul Travelers Companies the trademark red umbrella that a legacy company acquired with its purchase of Travelers in 1993. Beginning in the second quarter, the following businesses will begin using a silver Citi with the red arc logo: corporate and investment banking will use the brand name Citi; wealth management will use the brand names Citi Smith Barney, Citi Investment Research and Citi Private Bank; and alternative investments will use the brand name Citi Alternative Investments. There are no plans to change the Banamex brand in Mexico. Primerica will also maintain its brand name, but it will use a new logo without the red umbrella. While the company will do business as Citi, its legal name will remain Citigroup Inc.

Details

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.

Details

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).

Details

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)

Details

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.

Details

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.

Details

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.

Details

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.

Details