Global Cash Expands to Caribbean Casinos

Global Cash Access recently signed or renewed contracts with six gaming
establishments in the Caribbean region. They include properties in
Santo Domingo, Dominican Republic, St. Johns, Antigua; four Princess
Entertainment Ltd. properties located in Belize and one located in
Corozal. GCA offers ATM technology, cashless gaming products and
marketing services. Among the products and services the Caribbean
properties will take advantage of are GCA’s QuikCash cash advance
terminals and Central Credit services. Global Cash Access is a provider
of cash access products and related services to approximately 960 gaming
properties and other clients in the United States, the United Kingdom,
Switzerland, Canada and the Caribbean.

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ACTCARD

British Columbia-based start-up ActCard Systems International has launched a companion device for smart payment cards, featuring integrated biometrics, automatic authentication, and a large-format display. The new patent-pending “ActCard” device will manage up to 20 smart credit cards from different issuers. The solution will enable cardholders to see a display of their current transaction that appears “push mode” on their “ActCard.” There is no requirement for the cardholder to go to a secondary location, use an auxiliary device, or in fact to even remove the device from their wallet to retrieve the data. This function, like the authentication process, occurs automatically and in the background. The software will also support a proprietary targeted
advertisement function that will permit merchants to execute strategies
previously only available with online clients. Additionally, the Company says “ActCard” will permit leveraging the network to generate new and
significant revenue streams without degrading the network quality of
service.

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Head of World’s Foremost Bank Retires

David Roehr, EVP, Chairman, President and CEO of World’s Foremost Bank, Cabela’s wholly-owned credit card bank subsidiary has retired and Orrin Wilson, a director, has been named interim Chairman of the Board, Ralph Castner, Cabela’s VP and CFO, has been named interim CEO and Tom Boatman, World’s Foremost Bank’s current COO and Secretary, has been named interim President. Cabela’s Incorporated is a direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise.

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Merchant Link Names a New President

Maryland-based Merchant Link has hired Christopher Justice, formerly with First Data as SVP of Advanced Solutions and leader of the National Sales Team, as President. Merchant Link LLC is a network-based gateway company providing solutions to the integrated point-of-sale industry, including high-end technical support and data transport services. Merchant Link currently supports more than 25,000 hotels, restaurants, ballparks, and other venues, and maintains connectivity to the major US credit card processors.

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Charlotte Russe Licenses a Fraud System

Charlotte Russe Holding, which operates 408 retail stores, has inked a license for credit card fraud protection technology with Acacia Research The patented technology generally relates to a computerized system for protecting retailers and consumers engaged in credit card, check card, and debit transactions. The system includes an electronic card reader, and the generation and use of a transaction number, which specifically identifies each transaction processed within the system. As a result, the retailer does not necessarily have to print detailed information concerning the cardholder’s identity or account number on the customer’s receipt.

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Mashreqbank Launches Black Platinum Card

Mashreqbank, in partnership with MasterCard International and VISA
International has launched the UAE’s first “Black Platinum” card.
The new “Platinum Card” is fully chip-enabled and incorporates all the
features of premium credit cards plus numerous loyalty rewards for
shoppers. Cardholders will receive exclusive vouchers for
shopping and dining. Mashreqbank was the first bank to introduce credit
cards in the UAE and also is the only bank in the country offering the
benefits of fully enabled microchip card technology, which it introduced
to the market with the launch of “WOW! Credit Cards” in 2004.

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Quantum RewardsCard Breaks New Ground

NV-based Quantum Loyalty Systems has introduced a gift card that marketers can offer to reward their customers. The card is branded with either MasterCard, VISA or Quantum’s private network. The new “Quantum RewardsCard” offers company sponsors the advantage of paying for only the associated rewards when their customers activate the card. Rewards distributed and not activated incur no expense to the sponsor. Moreover, sponsoring companies need fund only the expected activation amount up-front, not the full perceived value of a specific program; have access to valuable consumer market information that is obtained when the card holder activates their card; have no monthly service fees or hidden charges; and the reward program can be delivered in product packaging, handed out, mailed, or made available to customers online. The card currently has patents pending.

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Dresser Wayne Intros Next Gen Dispensers

TX-based Dresser Wayne this week unveiled a new fuel dispenser that goes beyond payment card acceptance by enabling consumers to buy a cup of coffee, a lottery ticket, download an MP3, check traffic reports and run a diagnostics report on their car, all at the pump. The new “Ovation iX” dispenser is the only open architecture solution in the retail fuel dispensing industry and is a member of the “Microsoft Windows Embedded Partner Program.” “iX Media,” a standard offering in the “Ovation iX” dispenser, allows consumers to watch full-motion, site-specific video commercials on a dispenser-integrated 10.4-inch color display with built-in speaker. Fuel customers can print customized coupons at the dispenser for in-store specials and other retail promotions.

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INTERAC Direct Payment Sets a New Record

Canada’s INTERAC Direct Payment set a new record for transactions on December 23rd with 15.5 million transactions processed on a single day, an 18% increase over the previous record set in 2004. There are more than 35 million debit cards in circulation in Canada, accounting for more than four billion IDP transactions in 2005, according to this week’s issue of CardFlash International. Interac is a not-for-profit organization composed of 95 financial members.

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Etihad Airways Joins UATP Network

Etihad Airways has joined the UATP network as a new merchant airline.
Etihad now accepts all UATP corporate cards, issued by 14 airlines
worldwide and accepted as form of payment by travel agencies. Founded
in 2003 as the National Airline of the United Arab Emirates, Etihad
Airways flies to over 16 destinations across Europe, Asia and the Middle
East. UATP accounts are accepted as a form of payment for corporate
business travel by more than 200 airlines worldwide.

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Axalto Palmera Lands Chinese EMV Project

Axalto announced that its multi-application “Palmera” smart cards have been selected by ICBC Industrial and Commercial Bank of China for the world’s first Chinese EMV card issuance project. The Axalto “Palmera” card supports both VISA and Chinese EMV requirements on a single card and achieved the first EMV certification issued in China based on the Chinese EMV debit/credit specification by People’s Bank of China in August 2005.

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Washington Trust Names Two Card Execs

Rhode Island-based Washington Trust Company has promoted Stephen Bessette to oversee its merchant card services business and Michael Rauh to oversee online banking, ATMs and debit cards. Bessette joined Washington Trust in February 1997 and previously served as president of New England Pacific Mortgage Company. Rauh is also responsible for coordinating sales and business development activities for the Bank’s product and service lines, and the development and implementation of sales measurement and reporting systems. The Washington Trust Company offers a full range of financial services, including wealth management, through its offices located in Rhode Island, southeastern Connecticut and Massachusettes.

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