MC Intl Becomes MasterCard Worldwide

MasterCard International has changed its corporate name to MasterCard Worldwide, unveiled a new corporate signature and adopted a new corporate tagline. The current interlocking circles logo will continue to appear on all MasterCard-branded cards and at merchant acceptance locations around the world. Other MasterCard brands such as “Maestro,” “Cirrus,” and “MasterCard Advisors” will not change. The new tagline is “The Heart of Commerce.” However, MasterCard will continue the “Priceless” advertising campaign, now seen in 106 countries and in 49 languages. MasterCard says the three circles of the new corporate logo build on the interlocking red and yellow circles of the current MasterCard consumer brand, and reflect the company’s unique, three-tiered business model as a franchisor, processor and advisor.

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TSYS Prepaid Cards to Load on MoneyGram

TSYS Prepaid has inked an agreement with MoneyGram Payment Systems for real-time loading of prepaid cards. The deal, effective immediately enables TSYS-processed prepaid VISA and MasterCard cards to be loaded at MoneyGram’s 26,000 money transfer locations in the U.S. MoneyGram will use TSYS’ “Prepaid Web API Reloading Services” to validate the cardholder account in real-time before finalizing the financial transaction. MoneyGram has approximately 92,000 global money transfer agent locations in 170 countries.

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Comerica Offers ACH Options to Fight Fraud

Comerica Bank has launched a new fraud protection service that will enable commercial customers to accept or reject ACH items before they are posted to their accounts. Comerica ACH Positive Payenables commercial customers to monitor and control their ACH activity with positive pay functionality. It is securely delivered through the Internet via Comerica Treasury Management Connect Web.

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Pemco to Offer CardEx VISA Gift Cards

Seattle-based Pemco Technologies has agreed to add CardEx instant issue VISA gift cards to its selection of services. Pemco Technologies provides payment solutions to the financial industry, including credit, debit, and ATM card processing; ATM driving; award programs; and fraud prevention. Card Express, Inc. (CardEx) is a processor of prepaid debit card products and services utilizing the Visa and MasterCard platforms.

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1K Coke Machines to be PayPass-Enabled

MasterCard’s “PayPass” contactless payment option is coming to 1,000 Coca-Cola vending machines in the Greater Philadelphia area. After a pilot in New York City and Atlanta, MasterCard, USA Technologies and The Philadelphia Coca-Cola Bottling Company have decided to make the largest roll-out of contactless technology in vending machines in a U.S. market to date. The vending machines will use USA Technologies’ patented “e-Port” technology. USAT recently introduced “Generation Six” of its “e-Port” technology which was developed specifically to accept MasterCard “PayPass” and other forms of contactless payments. There are approximately 7 million PayPass cards and devices in the market and approximately 30,000 merchant locations around the world that accept “PayPass.”

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BofA Intros Deposit Image ATMs Nationwide

Bank of America is launching a national roll-out of new ATMs that do not require an envelope or slip to make a deposit. The new deposit image ATMs produce an image of each check and/or verification of the amount of cash deposited and automatically adds up the transaction for the customer. BofA will be installing the new ATMs later this year in the New York City, Phoenix and San Diego areas as part of the 1,500-machine national roll-out. The bank began a pilot program in 2003 in Charlotte, and now has a total of more than 60 of the new ATMs in North Carolina and South Carolina. BofA has a total of 16,700 ATMs nationwide, and more than 12,000 of them accept deposits.

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New Index Identifies the Credit Hungry

A new index to track revolving bankcard debt says 51 million households carry credit card debt at an average balance of nearly $12,000. PA-based MKTG Services, an affiliate of CBCInnovis, launched its “Revolving Bankcard Debt Index” to assist lenders identifying prime or sub-prime credit prospects that need additional cash. The index is used in combination with MKTG Services “Real Insights Risk Assessment Scores” to define six segments available for targeting varying levels of bankcard revolving balances. The Company says the combined results are based on the actual financial transaction data of 188 million consumers and 58 million homeowners aggregated at the zip+4 level.

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Q1 Debit Cards Gain on Credit Card PDV

Purchase dollar volume on signature debit cards outpaced credit cards in the first quarter, rising 19% year-on-year compared to slightly more than 12% for VISA and MasterCard credit cards. Over the past five years, off-line debit card purchase volume in the U.S. during the first quarter has more than doubled rising 114% while credit card PDV has increased 46% for the same period. During the first quarter VISA and MasterCard posted $149.6 billion in debit card purchase volume versus $285.2 billion in credit card PDV, according to CardData ([www.carddata.com][1]).

Q1 PURCHASE DOLLAR VOLUME
($ billions; V/MC only)
CREDIT DEBIT
2002: 194.8 70.0
2003: 209.8 85.4
2004: 237.3 104.2
2005: 254.3 125.7
2006: 285.2 149.6
Source: CardData (www.carddata.com)

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

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P-Card Professional Certification Introduced

The National Association of Purchasing Card Professionals is launching the “Certified Purchasing Card Professional” certification program with the first application deadline of August 31st. The CPCP credential is awarded to P-Card professionals who have demonstrated experience and understanding of the body of knowledge necessary to administer a Purchasing Card program. This credential focuses on individual skills and knowledge of specialized P-Card functions. The NAPCP is a non-profit professional trade association committed to the advancement of Purchasing Card (P-Card) professionals and practices.

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Giesecke & Devrient and Nokia Form a NFC JV

The world’s second largest producer of smart cards and a top global provider of mobile communications are forming a joint venture
to provide services to the “Near Field Communication” ecosystem. Munich-based Giesecke & Devrient and Helsinki-based Nokia are expecting to have their integrated NFC services up and running in the fourth quarter. Target markets for NFC include: mobile operators, transport
operators, retailers, banks, credit card companies, and providers of
digital services/media. The joint venture will implement and operate a secure and versatile service platform to manage the over-the-air transactions with consumers’ NFC enabled devices. The service platform will be operated in a white-label mode with in-built interfaces to the IT systems of the actual service providers, such as banks issuing credit cards. The new company’s services will be available and open to any NFC
enabled devices from all vendors. Giesecke & Devrient will own 57% and Nokia 43% of the new company.

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