UATP Announces BSP Hong Kong & BSP China

UATP has added two new direct connections to the “International Air Transport Association” “Billing and Settlement Plan.” BSP Hong Kong and BSP China join over thirty BSPs worldwide, which process UATP transactions directly with ATCAN, UATP’s central, global transaction- processing system. Once a BSP is connected to ATCAN, it can send data directly to ATCAN on a merchant’s behalf. Merchants simply have to instruct the BSP to send the data to ATCAN and discontinue their current method for submitting BSP data to ATCAN.

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Citibank Launches Credit Plus Insurance Program

Citibank has introduced a credit insurance program that, for the first time in the UAE, covers involuntary loss of employment. The “Credit Plus” program covers outstanding balances against permanent and
temporary total disability, and against death with an additional flat
benefit of US$5,000 payable to the assigned beneficiary. It also provides a fixed daily amount for hospitalization, and monthly payments for involuntary loss of full-time employment caused by business closure or company layoffs.

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K23P & PCI/PED

Keycorp’s “K23P” POS terminal/PINpad has been certified to the
“Payment Card Industry” “PIN Entry Device” standard. Independent laboratories evaluate the architecture of both the PINpads hardware and software design against the industry’s most stringent criteria. “PCI PED” was established by MasterCard and VISA for the secure management,
processing and transmission of PIN data. Keycorp is also a founding member of the “MULTOS” consortium. Keycorp develops and distributes smartcard operating systems such as “MULTOS,” as well as smartcard applications.

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Symstream and NCR to Offer Wireless ATMs

Symstream Technology Group has teamed with NCR EasyPoint to globally market a range of “EasyPoint” ATMs with Symstream wireless technology. The wireless ATMS will initially be deployed in developing countries that have extensive GSM voice networks, but limited data
networks. The alliance will focus first on opportunities in Indonesia,
India and other parts of the Asia-Pacific region. Symstream is already working with a number of wireless-phone carriers throughout Asia, Australia and the Indian subcontinent, providing a highly secure wireless solution to connect ATMs and EFTPOS devices to banking networks.

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FleetCor Acquires Keyfuels Fuel Card Processing

CH Jones/Keyfuels, a major U.K. fuel card processing company, is being acquired by Atlanta-based FleetCor. Keyfuels serves more than 30,000 business fleets directly and through an extensive association of
reseller partners. With the Keyfuels acquisition, FleetCor will process for more than 500,000 business fleets, making it the largest worldwide fuel card processing. Keyfuels will continue to be run by Chris Welsh who will join FleetCor’s leadership team reporting to Ron Clarke, FleetCor’s Chairman & CEO.

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GlobalCollect Triples Child Hunger Donations

The United Nations World Food Program’s “Fight Hunger: Walk the World” initiative has seen its contributions triple by offering direct access to payment processing through GlobalCollect. The initiative led by the World Food Program said the results were encouraging after three months of donations and subsequent payment processing made online through their Web site http://www.fighthunger.org. GlobalCollect has had successful track record with collection and reconciliation of payments, invoice printing and distribution in over 200 countries.

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Oberthur’s First Half Revenues Rise 2.3%

Paris-based Oberthur Card Systems reported that during the first half of 2006 revenues increased 2.3% to $311.9 million. During the six-month period smart card shipments increased by 30% to 114 million cards. However, in the Microprocessor Payment card segment, volumes went down by 25.5% to 31 million units compared to the first half of 2005. Sales of “Other Cards” (magnetic stripe cards, scratch cards and memory $44.4 million, had a 12.2% increase compared last year. The Payment and services segment represents 49.2% of Oberthur Card Systems’ current global revenue. For complete details on Oberthur’s latest performance visit CardData (www.carddata.com).

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VISA Locks-Up Vancouver International Film Festival

VISA cardholders have the inside track for the “25th Vancouver International Film Festival” scheduled for September 28th to October 13th. VISA cardholders can buy tickets a week ahead of the general public through September 15th. The “VISA Screening Room Pass” allows cardholders to enjoy the Festival’s hot-ticket films at the “VISA Screening Room.” “Gala Packages” and the “VISA Gold Pass” are available to “VISA Gold” and “VISA Platinum” cardholders at significant savings.
This is the ninth year that VISA has been the exclusive card of the “Vancouver International Film Festival.”

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Charge-Offs Continue to Move Upward

Overall performance of U.S. credit card-based securities remained fairly stable during July. Charge-offs remained historically low in July, but continued a recent and growing trend by increasing to 4.0% from 3.5% in June. According to the monthly “U.S. Credit Card Quality Index” published by Standard & Poor’s Ratings Services, delinquencies were flat during July, and the payment rate remained above 20%, although it dipped to 20.7% from 21% in June. As for the other performance variables monitored by the index, the payment rate slid 30 basis points in July, and slightly more than 40% of the trusts continue to report yields that are greater than 20%.

ABS MONTHLY METRICS
Charge-Offs Delinquency
Feb 3.0% 3.6%
Mar 3.2% 3.6%
Apr 3.6% 3.6%
May 3.6% 3.6%
Jun 3.5% 3.5%
Jul 4.0% 3.5%
Source: Standard & Poor’s Ratings Service

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VISA BUSINESS CARDS

VISA International reported that global small business spend hit $190 billion for the 12-month period ending June 30th. This represents a compound annual growth rate of 32%. Howewver, it took 10 years for VISA to reach the $100 billion milestone for “VISA Commercial” purchases and cash withdrawals and just three years to achieve $200 billion in annual commercial volume in 2005. Using the “Commercial Consumption Expenditure” index, VISA International estimates that global business and government spending, excluding payroll and certain other capital expenditures, totaled nearly $61 trillion in 2005. Small business “CCE” can represent upwards of 25% of total CCE. VISA recently published the “VISA Business Expedition Pack,” a 10-step program that offers advice on how to manage small business credit risk. VISA also recently held six member workshop sessions in the sub-Saharan Africa Region to promote small and medium-sized enterprise payment programs.

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MC & Home Depot Launch a Promotion

MasterCard and Home Depot have launched a national consumer promotion giving one lucky consumer the kitchen makeover of his or her dreams. The “$100,000 Dream Kitchen Makeover” will run thru October 31st for U.S. MasterCard cardholders. Cardholders that use their “The Home Depot Rewards MasterCard” or “The Home Depot Business Rewards MasterCard” will receive two entries into the sweepstakes each time they use their cards at The Home Depot. MasterCard says it has rolled-out an extensive integrated marketing campaign that will encompass print, online, in-store signs and radio media for the promotion.

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Merchant Bill of Rights is Introduced

NJ-based Heartland Payment Systems has launched a major initiative to help owners of small and mid-sized businesses manage the cost and complexity of credit and debit card acceptance. “The Merchant Bill of Rights” proposes ten fundamental rights as industry standard to ensure reasonable credit/debit card processing costs, cutting-edge security and fair treatment for all small and mid-sized business owners. The centerpiece of the initiative is an interactive Web site that helps business owners learn about the mechanics of card processing, receive industry tips, share best practices, ask questions and stay abreast of industry news. The “Merchant Bill of Rights” is currently supported by 13 state small business associations.

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