U.S. Bank and the Northwest Missouri State University Alumni Association have partnered to introduce the “Northwest Missouri State University Platinum VISA.” Two card styles are available – one featuring the university’s administration building and the other featuring the athletic Bearcat paw print. Cardholders may choose the standard Visa Platinum Card, or one of two rewards programs including the Cash Rewards Visa Platinum Card or Select Rewards Visa Platinum Card. The Northwest Missouri State University Alumni Association fosters lifelong relationships through initiatives and opportunities that advance the University and its alumni, future alumni and friends.Details
Getty Petroleum Marketing has inked a five-year contract extension with Wright Express which has administered and offered a proprietary branded fleet card for Getty since 1986. Getty currently markets fuel under both the Getty and LUKOIL brands at approximately 1,300 Getty branded sites and at many new LUKOIL branded locations. The new business agreement also launches new, LUKOIL branded charge cards. These cards extend volume discounts to all current and future Getty / LUKOIL fleet customers, along with an expanding network of convenient locations offering quality fuel and convenience products.Details
ACI Worldwide has announced that Bank Al Bilad has licensed several
products including “BASE24,” “ACI Smart
Chip Manager,” “ACI Card Management System” and “ACI Proactive Risk
Manager.” The newly established Saudi Arabian commercial bank
selected ACI software to provide an end-to-end payment processing
infrastructure. Bank Al Bilad opened for business in May and was
created by a consortium of eight of the leading financial institutions
in the region with a combined capital of three billion Saudi Riyals
(approximately $0.8 billion U.S.). Based in Riyadh, it will focus on
delivering Islamic banking services to its customers. ACI Worldwide
provides solutions for consumer and wholesale payments and application
infrastructure, serving more than 800 customers in 84 countries.
Fair Isaac reported third calendar quarter revenues of $203.3 million versus $190.4 million reported in the prior year period. Net income for the quarter totaled $35.7 million, compared with net income of $14.4 million, reported in the same quarter last year. Strategy Machine Solutions revenues were $109.6 million in the quarter, compared to $115.1 million in the prior year quarter, or a decrease of 4.8%, primarily due to a decline in revenues associated with marketing services and insurance solutions. Scoring Solutions revenues increased to $47.8 million in the quarter from $37.5 million in the prior year quarter, or by 27.5%, primarily due to an increase in revenues derived from risk scoring services at the credit reporting agencies and “PreScore Service.” Professional Services revenues increased to $33.4 million in the quarter from $26.4 million in the prior year quarter, or by 26.5%, primarily due to organic growth driven by the company’s customer management, collections and recovery and fraud solutions, as well as from the acquisition of Braun Consulting. Analytic Software Tools revenues increased to $12.6 million in the quarter from $11.4 million in the prior year quarter, or by 10.5%, due to revenues generated from the sales of Blaze Advisor and Model Builder products. The company expects revenue for fourth calendar quarter to be approximately $207.0 million. For complete details on Fair Isaac’s latest performance, visit CardData ([www.carddata.com]).
Nashville-based iPayment reported third quarter revenue of $175,176,000 an 88% increase over 3Q/04. The Company’s revenue growth for the quarter reflected an increase in charge volume to $6.4 billion from $3.3 billion for the third quarter of 2004. Meanwhile, the CEO has offered a second proposal to acquire iPayment for $43 a share, more than 20% over yesterday’s closing price. iPayment is a provider of credit and debit card-based payment processing services to over 135,000 small merchants across the USA. For complete details on iPayment’s third quarter results, visit CardData ([www.carddata.com]).
Historical iPayment Revenues
3Q/04: $ 93.4 million
4Q/04: $101.4 million
1Q/05: $163.4 million
2Q/05: $181.1 million
3Q/05: $175.2 million
Source: CardData (www.carddata.com)
CompuCredit’s Purpose Solutions will launch a new credit card program on the Discover Network via the First Bank of Delaware. CompuCredit is the 17th-largest general-purpose credit card issuer in the U.S. CompuCredit is a specialty finance company and marketer of branded credit cards and related financial services, specializing services to consumers who are underserved by traditional financial institutions. Discover Network offers more than 4 million merchant and cash access locations and the PULSE ATM/Debit network currently serving over 4,100 banks, credit unions and savings institutions. First Bank of Delaware is a full-service, state-chartered commercial bank.Details
Axalto has achieved “BS779” certification for its smart card production
and personalization centers in France, the UK and and its development
center in Austin, Texas. Axalto is the first smart card company to launch a voluntary program of
certification for all of its production sites globally. “BS7799” details stringent requirements for the implementation of an information security management system, including security policy, organizational and personnel security, communications and operations management, as well as business continuity management.
UMB Bank and its ATM operations management partner eFunds have activated ATMs in 60 Walgreens stores in Oklahoma, including 28 stores in the Oklahoma City metropolitan area and 23 in the Tulsa metro. The entire contract agreement between UMB and Walgreens involves ATM installations in 307 stores in Missouri, Illinois, Kansas, Oklahoma and Colorado. The expansion represents a 62.5 percent increase in ATM locations for UMB in the central United States. UMB Financial Corporation is a multi-bank holding company headquartered in Kansas City, Mo Walgreen Co. is the nation’s largest drugstore chain with fiscal 2004 sales of $37.5 billion.Details
VISA International is the Official Worldwide Partner and official payment
service for Rugby World Cup 2007 for the fourth time. The tournament,
staged every four years, is the biggest rugby event in the world. VISA is
granted the worldwide rights to use the RWC 2007 marks and designations in
promotional tie-ins with participating merchants, in advertising and
point-of-sale materials, on packaging and on premium items or materials.
It also allows VISA to offer event access and exclusive hospitality to its
members, merchants and cardholders.
PNC Financial Services and First Data announced the five-year extension of their PNC Merchant Services alliance agreement that began in 1996 which includes PNC’s purchase of 20% of the merchant alliance, increasing its ownership to 60%, with First Data owning 40% upon the closing of the transaction. Consideration will include cash and contributed merchant contracts. No additional terms of the deal were disclosed and the agreement is subject to regulatory approvals. Upon closing of the transaction, PNC will consolidate the merchant alliance for financial statement purposes. The PNC Financial Services Group, Inc. is one of the nation’s largest diversified financial services organizations providing consumer and business banking.Details
FreeStar Technology has established the company
headquarters in Dublin. It was formerly based in Santo Domingo,
Dominican Republic. In addition, the company announced that it has
opened an office in Stockholm, Sweden. FreeStar Technology Corporation
is a payment processing company focused on its Enhanced Transactional
Secure Software, providing consumers e-commerce transactions with a high
level of card security. Its wholly owned subsidiary Rahaxi Processing
Oy. is a Northern European BASE24 credit card processing platform.