Emida Technologies announced its support of the Cingular and Boost “Green Dot” prepaid debit/credit card programs. The Green Dot program allows customers who don’t qualify for a conventional contract phone service to sign-up for monthly prepaid wireless services. The customer provides basic contact information and selects a cash amount that is paid towards the card activation. No bank account or credit history is required to obtain a card, and it can be used instantly to purchase prepaid wireless services. Emida provides global prepayment and value transfer.Details
TransUnion has launched “Comprehensive Locator Report” which provides eight unique searches from dozens of data sources to locate the right person for collections. By conducting eight unique searches and delivering valuable information from dozens of data sources, Comprehensive Locator Report addresses a major pain-point collection agencies are experiencing today: locating the right person at the right time. This need has become amplified with an increasingly mobile public, higher interest rates and new bankruptcy laws making it more difficult for consumers to file for bankruptcy. Some of the data sources now available to collectors include listings of a debtor’s current phone numbers, occupants within their residence, neighbors, relatives, associates and even potential deceased information.Details
Secure electronic transaction solutions provider Keycorp Limited
announced that it has certified and launched a point of sale
solution that uses secure Internet and Broadband networks to
significantly speed up electronic transactions. The “K23 Terminal” high
speed Internet Protocol solution is being deployed by
Toronto-based Collective Point of Sale Solutions. The
units are being rolled out to small and medium retailers across the country. The new unit can connect to the Internet via ADSL, cable or wireless modems. Alternatively, it can use its 10/100 Base-T fast Ethernet interface to connect to the merchant’s LAN. To protect the data transmission, Keycorp has equipped the product with SSL security.
Keycorp Canada is a subsidiary of Australia-based Keycorp
Limited. CollectivePOS provides payment-processing services and secure point-of-sale solutions for more than 7,000 merchants across Canada and
processes more than $1 billion annually.
Credit card debt in Australia took its typical post-holiday downturn in January, dropping A$700 million from the prior month, compared to an A$800 million drop one-year ago. During the past twelve months, credit card debt has increased 14% while credit card volume rose 12%. For January, credit card balances dropped to A$33.5 billion after reaching a record high of A$34.3 billion in December. One-year ago credit card debt stood at A$29.4 billion. Gross dollar volume on credit card and charge cards in January was A$13.8 billion, compared to A$12.3 billion one-year ago. Card credit limits reached A$92.6 billion at the end of January, compared to A$82.4 billion for January 2005. There are currently 12.6 million credit card and charge card accounts in Australia, compared to 11.7 million one-year ago, according to CardFlash International.Details
VISA USA is launching a new prepaid infrastructure to make it easier to add funds to VISA reloadable prepaid cards via merchant locations nationwide. The new “VISA Prepaid Load Network” will also create new revenue opportunities for merchants through potential card reload fees. The forthcoming prepaid network is an opt-in service for issuers, acquirers and merchants. Using “VisaNet” connections, transaction message formats, and settlement processes, the service allows consumers to add funds to eligible VISA reloadable prepaid cards at a merchant’s checkout counter. Issuers benefit from an efficient system to expand their prepaid card programs and acquirer banks benefit from a new service to offer merchants as well as incremental revenue in the form of an interchange fee paid by the card issuer to the acquirer. Initial VISA member and merchant participants are expected to introduce the “VISA Prepaid Load Network” service in late 2006 and early 2007.Details
The U.K.’s Alliance & Leicester has decided to use the PassMark Security “Two-Factor Two-Way Authentication” system. Alliance has nearly five million customers. It is the first bank in the UK to provide its customers with this added level of security. Using PassMark online customers log on to their accounts with secure, mutual authentication and get additional layers of risk-based transaction security that prevent phishing, key logging and man-in-the-middle attacks.Details
ASK has been selected by NETS to supply a new generation of its
contactless payment card “CashCard.” The “CashCard”
e-purse was originally launched in 1996 on a contact-based smart card
and is being re-packaged with “Cepass,” a new contactless payment
standard. “CashCard” is currently used in 30,000 access points available
at more than 12,500 merchants in Singapore. “CashCard” is based on ASK’s
advanced “TanGO” platform, enhancing transaction speed and security for
dual interface cards used in both contact and contactless applications.
“CashCard/Cepass” complies with ISO7816 and 14443 type B standards.
According to call reports collected by the FDIC, credit card charge-offs spiked by 23% in the fourth quarter compared to 4Q/04. NJ-based A.M. Best Co. says its statistical study indicates the risk appetite of banks for new accounts and underwriting standards may be impacted this year by the recent charge-off spike. Best says that in the week before the deadline for bankruptcy filings under the old law, as many as 480,000 reported cases were filed and that as many as 2 million filings may have been recorded last year. In the month immediately following the Oct. 17 deadline date, the number of bankruptcy filings dropped to one-tenth the typical level.Details
National Bank of Dubai and Dnata, a large supplier of travel services in the Middle East, have teamed to launch a MasterCard credit card with rewards. The new card enables cardholders to earn reward points for each purchase with a maximum reward of 10% on the amount spent. Points can then be redeemed at selected Dnata outlets for any of their products or services, including tickets at more than 130 airlines, exotic holiday packages and various other services. The new “Dnata MasterCard” is available in gold and silver variants to all residents of the UAE. NBD is one of the leading providers of POS terminals to over 2500 merchants in UAE.Details
PA-based USA Technologies has launched “PC Express,” a credit card activated, self service PC and Internet terminal. PC Express is a credit card activated, self service PC and Internet terminal. The terminals may be sold with a printer or networked to the hotel’s printer where users can collect their print outs, or have the print outs, such as boarding passes, delivered to their rooms by hotel staff. The terminals are also networked and provide online reporting so hoteliers know exactly what their PC Express sales are in real time.Details
San Diego-based Systech has teamed with Kahuna ATM Solutions to resell Systech’s dial-to-IP converters for ATMs. Systech Internet Payment Gateways convert dial-up payment transactions to high-speed IP transactions. The gateways connect both legacy and new ATMs to Kahuna-sponsored processing hosts over the public Internet using secure SSL IP protocols. No changes are required to the installed ATM software dial applications. Merchants with existing, private IP networks can also use the Systech/Kahuna solution to convert and re-route dial transactions through existing WAN links.Details
The County Information Resources Agency of the Texas Association of Counties has selected Official Payments as its exclusive electronic payment services vendor. Through this new agreement, Official Payments’ services are available to all CIRA members. CIRA is exclusively offering Official Payments’ convenient and secure options for member counties to accept credit card and electronic check payments made via the Internet, by telephone or through kiosks. CIRA provides central, cooperative and coordinated assistance and services to its member counties in all matters relating to information resources and technologies.Details