Gift Cards Rank High for Father’s Day

A new survey has discovered that a gift card or gift certificate topped the list as the third most popular gift among dads for “Father’s Day.” The Discover Card survey also found that a meal out at a restaurant ranked as the second most-popular gift among fathers this year. One third of all fathers picked a greeting card as the number one present they hope to receive for “Father’s Day,” showing that simple appreciation is preferred over a big gift. Those consumers surveyed said they plan to spend an average of $31 on their dads this “Father’s Day,” as opposed to the average of $41 they said they would spend on mom for “Mother’s Day.” Likewise, wives plan to spend an average of $43 on their husbands for June 18th, while husbands said they would spend around $63 for their wives on “Mother’s Day.”

Details

GZS Q1 Profits Rise 50%

GZS Gesellschaft fur Zahlungssysteme returned a consolidated profit of around 2.5 million euros before taxes in the first quarter, an increase of around 50% over the same period last year. The results were on sales of 39.9 million euros and total expenditures of 37.5 million euros. GZS also noted that its stockholders signed a contract of sale with First Data in December 2005. The transaction is scheduled to be
finalized in June. GZS processes cashless and card-based payments and
handled approximately one billion card transactions with a face value of
35 billion euros in 2005.

Details

GCA’s EDITH Kiosk Wins an Award

Casino Journal has recognized Global Cash Access’ “EDITH Cashless Gaming Kiosk” with the “Silver Award” for the “Most Innovative Gaming Technology Products for 2005” at the Gaming Technology Summit . EDITH is a compact kiosk placed at the end of a row of slot machines where it allows casino patrons to purchase slot, or ticket-in ticket-out (TITO), vouchers with their debit card. EDITH supports GCA’s responsible gaming Self Transaction Exclusion Program (STEP), which allows patrons to exclude themselves from access to their own funds from cash access devices in the GCA network, or set a daily limit for withdrawal from such cash access devices.

Details

6.8 million Australians Use Online Banking

The Commonwealth Bank’s inaugural “E-Money” survey, an annual index of
electronic banking usage in Australia, revealed that of the 6.8 million
Australians that have used online banking, 85% prefer the
internet to manage their day-to-day banking needs. The survey found
that convenience is the main benefit of online banking for half of all
online users (50%); followed by time savings (29%); ease of use over
traditional banking methods (10%); customers aged 25-34 year olds and
full-time workers were the most likely to use internet banking, while
those over 50 years of age preferred using branches. The most popular
online transaction is funds transfer/bill payment. Electronic services
are the most popular way to withdraw cash, with 85% of those surveyed
using ATM or EFTPOS.

Details

Precidia to Power Shell’s CoolBand

Precidia Technologies has been chosen by Netifice Communications to provide network connectivity to serial equipment as part of Shell Oil Products U.S. “CoolBand” initiative. The program consolidates a wide range of convenience store/petroleum equipment, from payment processing such as Ruby terminals, to tank monitors and video surveillance, onto a single broadband network infrastructure, replacing a VSAT connection. Precidia Technologies designs and manufactures IP access devices for a wide range of industries including retail payments and building automation.

Details

Zebra P330i Adds Smart Card Encoding

Zebra Technologies has added an integrated smart card encoding solution to its “P330i” plastic card printer. The combination of Ethernet and single I/O connectivity offers improved efficiency — multiple users can share a single printer/encoder, increased flexibility — networking allows the printer/encoder to be placed virtually any distance from the host computer, conforms to standards — many companies have standardized of Ethernet for printer connections, greater physical security and enhanced card security. Zebra Card Printer Solutions is a division of Zebra Technologies Corporation, which delivers on-demand printing solutions for business improvement and security applications in 100 countries around the world.

Details

Vietnam Credit Card Deal Takes Shape

Australia’s ANZ and Sacombank have signed a “MOU” to establish a credit card joint venture in Vietnam, according to yesterday’s issue of CardFlash International. ANZ will have a 40% stake in the joint venture and Sacombank 60%. The joint venture will build on ANZ and Sacombank’s existing strategic alliance and ANZ’s 10% shareholding in Sacombank. There are about 100,000 credit cards currently on issue in a population of approximately 84 million in Vietnam. With estimates that only about 5% of the population uses banking services, growth in the financial services sector is expected to remain strong for some time. Sacombank is the largest private commercial bank in Vietnam by capital with a network of 109 branches, 34 ATMs and a further 19 ANZ co-branded ATMs.

Details

MasterCard’s QPS Takes Hold in Canada

MasterCard now has more than 20,000 merchant locations across Canada enrolled in the MasterCard “Quick Payment Service” program, according to yesterday’s issue of CardFlash International. “QPS” was developed for use in retail and service environments where speed of payment is critical to the transaction, such as movie theatres, parking garages and quick service restaurants. MasterCard “PayPass” and “QPS” work well together for merchants in quick service environments. Any merchant that accepts MasterCard “PayPass” automatically qualifies for a minimum $30 transaction floor limit. This year, MasterCard “QPS” was expanded to 12 categories including convenience stores, gas stations and drug stores.

Details

MasterCard SecureCode Tops 2K Merchants

MasterCard reports it has more than 2,200 merchants of online payment
processor InternetSecure are now participating in the MasterCard “SecureCode” program. Oakville-based InternetSecure is an affiliate of Nova Information Systems. “SecureCode” protects against unauthorized use of the MasterCard card when shopping online at participating merchants and retailers by addressing three e-commerce issues: lingering cardholder concerns about the safety of online shopping; the issuers’ need to remotely authenticate their cardholders while shopping online; and Internet retailers’ desire to ensure a payment guarantee. “SecureCode” requires cardholders to enter their personal code in an online window on their PC before their payment can be completed.

Details

Daoust/Forget Integrate with Transax Technologies

Group Daoust/Forget and Transax Technologies announce the
integration of the different payment platforms into the “KwikX”
application. Daoust/Forget Group is the franchisor of dry cleaners
“Nettoyeur Daoust”, “Nettoyeur Michel Forget” and “Nettoyeur
Daoust/Forget” with 140 locations across Ontario and Quebec. Transax
Technologies is a Canadian company specializing in the sale and service
of ATMs and POS terminals.

Details

NTT and Hutchison Telecom Launch i-mode Services

NTT DoCoMo and Hutchison
Telecom Hong Kong have formed a strategic partnership to bring “i-mode”
services to Hong Kong and Macau. With the signing of this agreement, there will be
16 “i-mode” operators in 24 countries and areas around the world. Under terms of the deal, DoCoMo will provide the technology and
marketing expertise to the partnership, enabling Hutchison Telecom Hong
Kong to offer “i-mode” services via its territory-wide networks. The
“i-mode” platform allows service providers to readily integrate their
Internet content and applications for mobile i-mode usage. The
“i-mode” service is provided on an open platform based on de facto
Internet standards. NTT DoCoMo serves more than 51 million subscribers.

Details

Premium SMS Set to Rule Mobile Payments

A new report from Research and Markets predicts “Premium SMS” will become the dominant mobile payment method since its reduces the cost to the merchant from 40% to 4% per transaction. Under the proposed scheme, brands would be able to sell mobile content directly to consumers using a modified form of their existing online payment method. Meanwhile, consumers would benefit because all their transactions would be consolidated into one combined online/mobile account and card brands like Visa and MasterCard would enjoy incremental transaction volumes.

Details