Minneapolis-based UnitedHealth Group is gearing up to launch a fully integrated health and payment card that will offer access to portable health records, HSA/FSA financial accounts and a line of credit. The card will be rolled-out broadly in early 2007 through its Exante Financial Services business. UnitedHealth Group has 70 million customers with 20 million magnetic strip ID cards issued over the past three years. The new integrated card will provide real-time confirmation of a patient’s benefits coverage via the UnitedHealthcareOnline provider, access to an individual’s “Personal Health Record,” consumer access for the first time to multiple health accounts (i.e. Health Savings Account, Flexible Spending Account) using the same card. Consumers will also be able to apply for a line of credit attached to the same debit card.Details
GE Money has promoted the CEO of its Australia and New Zealand business to head its worldwide marketing. Thomas Gentile, a nine-year GE veteran who also formerly headed GE Money in France, has been named SVP/Global Marketing. During his tenure in Australia, Gentile generated double-digit growth creating $26 billion in assets, and an annual net income of more than $300 million. A new CEO of GE Money Australia and New Zealand will be named shortly. Last month GE Money reported a global profit of $880 million on revenues of $5.3 billion for the second quarter. For complete details on GE’s second quarter performance, visit CardData (www.carddata.com).Details
Atlanta-based S1 Corporation has sold its FRS business, a division that provides enterprise risk and regulatory compliance solutions, to The Carlyle Group and Kennet Partners. S1 Corporation (Nasdaq: SONE) is a leading global provider of customer interaction solutions for financial and payment services. FRS provides financial institutions worldwide with regulatory reporting, compliance and operational risk management solutions that enable them to increase operational efficiency, reduce costs and mitigate risks.Details
The Banco del Estado de Chile has ordered 186 “ProCash 2100” and “ProCash” 1500 ATMs from Wincor Nixdorf’s partner IBM. The bank will see an increase in its installed base to 665 units after the installation of the new equipment. Including the latest installation at the Banco del Estado de Chile, a country-wide installed base of almost 1300 Wincor Nixdorf systems has been achieved. About 60% of all ATMs
installed at the bank are Wincor Nixdorf systems.
EnterCard International has signed a long term agreement with MasterCard to promote and advance the use of MasterCard in the Nordic region. The total number of “EnterCard MasterCard” branded cards in circulation broke the 500,000 barrier in June. Some of the cards include the “Swedish ForeningsSparbanken’s Charge & Credit Card,” the “Swedish Golf Association’s Membership & Credit Card,” the “Norwegian LOfavor Card” and the credit cards of Norwegian Sparebank1.Details
AAA Financial Services says Americans are having problems using U.S.-issued credit and debit cards with U.K. merchants. Since the U.K. is now 100% “Chip & PIN” some merchants are not aware that a mag stripe card will work in a “Chip & PIN” terminal. Other merchants may be reluctant to accept only a signature. The AAA encourages Americans to be more persistent with merchants to complete the transaction with a signature, instead of a PIN. Even though the PINs for U.S. debit and credit cards are not recognized at the point of sale, they will still work at ATMs overseas. More than 130 million “Chip & PIN” cards have been issued in the U.K. since the beginning of the roll-out in October 2003 (this includes more than 65 million debit cards and 65 million credit cards), according to CardFlash International.Details
Level Four Software announced that its flagship ATM testing
product, “ATM TrueTest,” can now be configured to support all major
migration paths being adopted by ATM network operators moving from OS/2
to MS Windows technology. Level Four has identified two main
approaches that financial institutions are taking in migrating their ATM
software to the MS Windows operating system. The first approach is represented by banks taking a low-risk approach to updating their ATM software by migrating to a multi-vendor Windows platform, whilst, in the short term, retaining existing NDC/912 software architecture and host communications. The second approach involves taking the opportunity of the migration to Windows to replace long-standing ATM software applications with new applications tailored to the banks’ specific needs.
The FTC has scheduled three days of public hearings in early November entitled “Protecting Consumers in the Next Tech-ade”. The event will bring together experts from business, government and technology sectors, consumer advocates, academicians, and law enforcement officials to examine technologies that have emerged and to explore technologies that are currently evolving. The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them.Details
Cashbox has signed an agreement to be the preferred supplier
of internal ATMs for the Texaco service station network whose brand
rights are owned by Chevron. There are about 1,100 Texaco-branded petrol service stations across the U.K. all of which are now independently owned or operated. The first promotional phase of the ATM program to Texaco’s retailer network has already commenced, initially involving 420 sites.
NY-based Graphnet has introduced “Maximail,” an transaction electronic email service. Graphnet, Inc. is an Application Service Provider developing business solutions and systems integration. 24×7 facilities for hosting outsourced client gateway servers and switching systems. Graphnet is one of the most experienced and recognized information technology companies in the business messaging and electronic document delivery industry.Details
China Construction Bank has signed a deal Diebold for approximately 1,200 self-service terminals. The deal includes Diebold’s “Bulk Cash Recycle Machines” and its advanced-function “Opteva” ATMs running on “Agilis” software. Diebold also offers “S.A.F.E.” which includes 14 integrated ATM security features, ranging from consumer awareness mirrors to operating system software security.Details
Houston-based US Dataworks reported that second quarter revenues increased 20% to $1.2 million. Operating loss for the first quarter was $1,103,219 compared to an operating loss of $939,962 for the first quarter ended June 30, 2005. Net loss for the first quarter was $1,600,370 or $(0.05) per share, compared to a net loss of $778,499 or $(0.03) per share, for the corresponding period in the prior year. US Dataworks is a developer of payment processing solutions, focused on the Financial Services market, Federal, State and local governments, billers and retailers.Details