VISA COMMERCIAL

VISA International reports that global gross dollar volume for its four
commercial payment solutions was up 24% year-on-year for the four
quarters ended June 30th. The record US$317 billion in GDV was driven by
business development and government adoption of VISA Commercial. Two
years ago VISA hit the US$200 billion milestone in worldwide commercial
volume. In 2001, VISA reached the US$100 billion mark. VISA’s commercial
payment solutions include “VISA Business,” “VISA Corporate,” “VISA
Purchasing,” and “VISA Commerce.” VISA made the announcement at the
annual “EuroFinance International Cash and Treasury Management”
conference in Florence, Italy.

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TSYS Plans Consolidated Discover Servicing

TSYS Acquiring Solutions is integrating Discover Network card acceptance into its offering for merchant acquirers and ISOs. Full support for Discover Network products will be available on the TSYS Acquiring platforms, including integrated merchant billing and reporting, comprehensive merchant statementing and servicing, consolidated settlement processing, and exception and charge-back management. Discover also recently signed merchant acquiring deals with Global Payments and RBS Lynk. Discover Network has more than 4 million merchant and cash access locations in the USA.(CF Library 9/12/06)

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First Data Introduces the FD-100 Terminal

First Data has introduced the “FD-100” proprietary point of sale terminal that utilizes the Microsoft “Windows CE 4.2” operating system. The FD-100 offers enhanced transaction speeds along with ease of use and implementation for small and medium-sized merchants and will replace the company’s currently deployed Linkpoint AIO terminal. Produced in an ISO-9000 certified manufacturing environment, the FD-100 includes an integrated thermal printer, touch-screen technology and is off-the-shelf multi-language capable. First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide.

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I.C.E. Signs a Large Florist Franchisor

CA-based International Card Establishment has signed a large florist franchisor to its gift and rewards program, which is provided by I.C.E.’s Neos Merchant Solutions Inc. unit. The initial credit card charge volume of enrolled stores is expected to exceed $500,000.00 monthly and the KaBloom has placed a 50,000-card initial purchase order with Neos Merchant Solutions. Neos Merchant Solutions is full service payment processing company offering a turnkey solution to today’s retail merchants. I.C.E. is a rapidly growing provider of diversified products and services to the electronic transaction processing industry.

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Credit Card Delinquency Holds Steady in Q2

Based on total dollars past-due, credit card delinquency declined in the second quarter to its lowest level for a second quarter since 1994. However, based on the number of accounts, the figure edged up very slightly to 4.41% from the prior quarter, but remains well below 2Q/05’s 4.81%. According to the American Bankers Association the financial squeeze is easing as the Fed has stopped raising rates and prices at the pump are down more than 17% since the end of June. Based on dollars past-due the second quarter figure was 3.34%, compared to 3.44% in the first quarter and 3.60% one-year ago. Overall, the ABA composite ratio, which includes late payments in eight types of closed-end installment loans, increased slightly to 1.96% from 1.94% of accounts (seasonally adjusted) in the first quarter of 2006.

2Q CREDIT CARD DELINQUENCY HISTORY
(based on total dollars outstanding)
1980: 3.25% 1990: 3.46% 2000: 3.54%
1981: 2.86% 1991: 4.48% 2001: 4.13%
1982: 3.03% 1992: 4.19% 2002: 4.08%
1983: 2.81% 1993: 3.86% 2003: 4.51%
1984: 2.80% 1994: 3.06% 2004: 4.33%
1985: 2.88% 1995: 3.58% 2005: 3.60%
1986: 3.83% 1996: 4.61% 2006: 3.34%
1987: 3.28% 1997: 5.24%
1988: 3.44% 1998: 4.57%
1989: 3.06% 1999: 4.10%
Source: American Bankers Association

[CLICK HERE FOR HISTORICAL DATA][1]

[1]: /cardflash/secure/oldstatic/2006/september/d-bull9-27-06PDF.pdf

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VISA V.I.P. Completes its Re-Engineering

VISA has completed a five-year initiative to totally re-engineer its global authorization engine, the “Visa Integrated Payment” platform. VISA also announced it has completed the migration of applications to its new data center in the central U.S. and that, for the first time since launching its global payments processing network, “VisaNet” more than 35 years ago, VISA is running multiple authorization engines under one roof. VISA “V.I.P.” processes more than $2 trillion in annual transaction volume. The heart of the re-engineering effort involved replacing a complex web of “legacy” code with a streamlined, layered architecture and modular system design. VISA says the result is unprecedented flexibility to add new functions, and ability to deploy advanced technologies.

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AmEx Adds Delta & JetBlue to OPEN Savings

American Express has expanded its “OPEN Savings” program with the launch of airline partners Delta Air Lines and JetBlue Airways. Small business owners using any “American Express Business Card” can receive an automatic 3% discount on the total cost of Delta and JetBlue flights. In addition, cardholders who purchase Delta flights with the “Delta SkyMiles Business Card” or “SkyPoints Delta Business Card,” or who purchase JetBlue flights with the “JetBlue Business Card,” will receive an additional 2% discount, for a total savings of 5% off the total cost of Delta or JetBlue flights. AmEx says “OPEN Savings” has delivered more than $100 million in savings to “AmEx Business Card” users since 2004.

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U.S. Bank Earns #1 Campus Card Ranking

U.S. Bank, which now has 28 campus card banking partnerships, received the highest ranking by CR80News, a trade publication about the identification technology industry. CR80News conducted a similar survey in 2003 of campus card programs with financial institution partnerships. The study found 47 partnerships among participating banks. U.S. Bank is a subsidiary of U.S. Bancorp (NYSE: USB). With $213 billion in assets, U.S. Bancorp is the 6th largest financial holding company in the United States.

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Valutec Certified on the Optimum T4100

Hypercom and Valutec Card Solutions announced the “Class A” certification of Valutec’s gift and loyalty card products on Hypercom’s high-speed multi-application “Optimum T4100” payment terminal. Valutec functionality can be deployed on the T4100 in a standalone scenario that provides the flexibility to mix and match payment applications, does not interfere with legacy software, and eliminates the need for software integration. Valutec Card Solutions is the leading provider of turnkey gift and loyalty card services to small and mid-market general and specialty retail, restaurant, spa/beauty salon and hospitality merchants. Global payment technology leader Hypercom Corporation (NYSE: HYC) delivers a full suite of high security, end-to-end electronic payment products and services.

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Card Express Expands Prepaid to ISOs

CA-based Card Express is expanding its prepaid card processing services to ISOs. This expansion follows 10 years of experience building successful gift and incentive programs for thousands of corporations around the world including dozens of Fortune 500 companies. In the process, CardEx has managed to streamline card ordering, fulfillment, transaction processing and customer service processes, making it extremely easy for any reseller or ISO to offer these products to their clients without the need for system upgrades or IT investments. Card Express, Inc. (CardEx) is a leading processor of prepaid debit card products and services utilizing the Visa and MasterCard networks.

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Pay By Touch Hits 3 Million Enrollees

San Francisco-based Pay By Touch has hit three million enrolled members. At the beginning of this year the biometric payment authentication specialist had 2.0 million enrollees growing to 2.3 million at the end of the first quarter. The firm has 2,400 biometric payment locations nationwide. Pay By Touch also provides payment processing solutions for ACH, card-present and card-not-present debit and credit transactions for 138,000 retail clients and manages personalized rewards programs for 130 million opt-in consumer profiles. Pay By Touch is part of Solidus Networks which was formed in 2002.

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Saylent Technologies Intros Y-Debit

MA-based Saylent Technologies has released “Y-Debit,” a debit card management solution. The Y-Debit solution analyzes card usage, increases profitability and improves debit offerings. The solution is comprised of three modules focused on marketing, profitability and rewards management. The Card Management module integrates customer, account and card data with the associated online and offline transaction activity, enabling financial institutions to understand and track usage patterns. Saylent Technologies, based in Medway, Massachusetts, is a leading provider of debit card management solutions for the banking, credit union and payment industries.

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