E-Plus Inks Deal to Use Redknee’s mCommerce Gateway

Redknee has secured a contract to provide its new
“mCommerce Gateway” to mobile network operator E-Plus. “MCG” will
provide subscribers with the ability to make mobile payments for retail
goods, content and media via their mobile handsets, so they can better
manage and control their expenditures and provides a secure interface
for managing multiple content partnerships, accepting credit and debit
cards and pre- and post-paid accounts, allowing the operator to define a
monthly maximum limit for mobile retail spending. Redknee is a provider
of mobile phone infrastructure software.

Details

Near-Field Pilot Scheduled for Atlanta

A major “Near Field Communication” pilot for mobile phone applications including contactless payments is set to launch in Atlanta. Chase, Cingular Wireless, Nokia, Philips, VISA, ViVOtech, and the NBA’s Atlanta Hawks, NHL’s Atlanta Thrashers and Philips Arena will participate in the trial. Approximately 150 contactless POS readers have been deployed by ViVOtech throughout Philips Arena in Atlanta. Fans will also be able to access and download mobile content such as ringtones, wallpapers, screensavers, and clips from favorite players and artists by holding their NFC-enabled phone in front of a poster embedded with an NFC tag.

Details

DIRECTV Pays Largest DNC Fine To-Date

Satellite television provider DIRECTV has agreed to pay a $5.3 million fine to settle FTC charges it violated the “Do Not Call” rules. This is the largest civil penalty the FTC has ever announced in a case enforcing any consumer protection law. The complaint alleges that telemarketers calling on behalf of DIRECTV contacted consumers on the National DNC Registry. In addition, the complaint alleges that one of the telemarketers – Global Satellite, directly or through another entity – abandoned calls to consumers by failing to put a live sales representative on the line within two seconds after the called consumer completes his or her greeting, as required under the law. The complaint also alleges that DIRECTV provided substantial assistance and support to Global Satellite, even though it knew or consciously avoided knowing, that Global Satellite was violating the TSR.

Details

Morgan Beaumont Hits 100K Points of Presence

Florida-based Morgan Beaumont reported net revenue for the third calendar quarter of $417,000 and a net loss of $1.9 million as the Company attained 100,000 contracted “SIRE Network” points of presence. Net revenue for fiscal twelve months of 2005 was $1.1 million compared to $60,000 in the same twelve month period in 2004. Net loss for fiscal 2005 was $5.8 million, or $0.12 loss per share, compared to $1.6 million, or $0.10 loss per share in the prior twelve month period. Morgan Beaumont is a provider of stored value and prepaid card solutions.

Details

Moneris Signs Six Universities Proc Deals

Chicago-based Moneris Solutions has signed agreements to provide credit card processing services to six higher education institutions including Arizona State University, University of Vermont, Duquesne University, James Madison University, Saint Mary’s College of California and Virginia Tech. Under the agreements, Moneris will provide credit card processing services through infiNET’s QuikPAY product, which provides the fully integrated automated payment and commerce solution for the higher education market. Students and families of these universities will have the convenience of paying their tuition and fee statements online with a credit card. Moneris Solutions is an electronic transaction processor and is a joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion.

Details

GreenZap Hits 400K Members Since June

San Diego-based GreenZap reports its membership has now grown to exceed 400,000. Members are rewarded with WebCash, which can now be used not only to cover transaction fees, but also in the online store toward discounts on a variety of goods and services through partner merchants. GreenZap offers increased discounts and free transactions for members who upgrade their account to “Gold” status. GreenZap Inc, a San Diego-based company, enables any business or consumer with an email address to send and receive money online.

Details

Survey Says: Canadians Embrace Gift Cards

A new survey shows that 55% of adult Canadian consumers indicated they had purchased and/or received a gift card in the previous 12 months. The results come from the first ever ValueLink gift card study to focus exclusively on the Canadian consumer. Traditional retail stores accounted for 77% of all gift cards that were purchased. However, restaurants and entertainment-based business accounted for another 16% with a split of 8% each. Nearly nine in 10 gift card purchasers buy their gift cards in person at a retail or restaurant location while 13% of purchasers tend to visit a retailer’s Web site, purchase by phone or via a company catalog or make a purchase in some other manner. Canadian consumers purchased an average of 4.8 cards in 2004. While the average dollar value was $67 per card, the most common dollar value loaded onto gift cards was $50, with one-third of purchasers stating that as their typical amount. ValueLink is a subsidiary of First Data.

Details

BB&T Payments Services Division Launched

NC-based BB&T has created a new Payments Services Division. The creation of BB&T’s Creative Payments Solutions subsidiary in 2003 laid the groundwork for the new unit. The new PSD will enter automated clearinghouse and wire transfers; debit and prepaid cards; bill payment; and treasury services. The new unit will also oversee Creative Payments Solutions, Mid-America Gift Certificate Company and BB&T Payroll Services Corporation. The bank has named BB&T veteran Bennett Bradley to lead new division.

Details

Discover and Exante Pilot a FSA Debit Card

Discover and Exante Financial Services are piloting a program that will provide certain Morgan Stanley employees with a debit card that can be used on the Discover Network to pay for eligible health care and dependent care expenses from their FSAs. Exante’s financial health account card works like any debit or stored value card currently used on the Discover Network. Consumers enrolled in the pilot program will swipe their cards at participating merchant and provider locations that accept Discover Network cards to pay for eligible health care services, prescriptions, medical equipment and child care. Exante provides comprehensive consumer health financial services capabilities to 16 independent health administrators in addition to UnitedHealth Group and its operating businesses. Together, these clients represent over 700,000 accounts managed by Exante.

Details

Pipeline Data Lands a $15 Million Loan

Massachusettes-based Pipeline has received a $15 million loan to complete the acquisition of Charge.com next week and to repay indebtedness.Pipeline Data Inc. provides integrated transaction processing services for all major credit cards and serves over 15,000 accounts. Charge.com owns and operates a comprehensive Internet-based sales organization focused on online transaction processing.

Details