NCR Moves Tesco Traffic to Self Checkout

London-based Tesco Metro store has converted 60% of its checkout positions to self-checkout by installing 12 NCR “FastLane” units. This will give Tesco added flexibility to efficiently serve customers at all hours. Tesco is the leading supermarket retailer in the UK and is leading Europe in the implementation of self-checkout technology. The company currently has self-checkout in 137 stores and intends to extend this to 220 by the end of the year. NCR is a global technology company provider for ATMs, retail systems, data warehouses and IT services.

Details

TRM Raises $40 MM in a Private Placement

Portland, OR-based ATM specialist TRM Corporation has completed a private placement for $40.4 million that will close October 5th. The 2,778,375 shares of common stock at $14.54 per share are available to both new and existing shareholders. TRM Corporation is a consumer services company that provides convenience ATM and photocopying services in high-traffic consumer environments with over 35,000 retailers in the US.

Details

SVS to Issue Panda Express Gift Cards

Louisville-based Stored Value Systems and its Salt Lake City-based minority marketing partner, Gift Card Solutions, also announced an agreement to provide gift card services for Panda Express restaurants, the nation’s largest Chinese quick-service restaurant chain, with nearly 750 locations in 36 states. The gift cards are available to guests in any amount between $10 and $100. They can be used for food or beverages, and for individual meals as well as catering orders for groups. Stored Value Systems is a provider of electronic gift cards and other card-based transaction programs. Gift Card Solutions provides electronic-based gift products and services.

Details

NexTran Group Adds Two More Offices

New Jersey-based ATM specialist NexTranGroup has opened regional offices in the Philadelphia and Washington, DC metropolitan areas and plans to open three more offices in Los Angeles, Honolulu and the Pacific Northwest. The new offices, in Blue Bell, Pa. and Annandale, Virginia will allow the company to work more closely and effectively with its existing product distributors. NexTran Industries is a full-service manufacturer and distributor of ATMs and cash dispensing machines.

Details

Americans Favor Biometrics for Security

A new poll shows that three out of five U.S. consumers believe that the unique image of their finger would be the most difficult form of identification to forge or steal. The research by Los Angeles-based Kelton Research Group for BioPay also found that 48% of those surveyed blame long check-out lines on people who wait until the last minute to find their credit or debit card. Another 20% believe check writing is burdensome to the shopping transaction as well. Additionally, Americans believe that finger images are a more secure form of identity than passports, credit cards, photo IDs, birth certificates and signatures combined (51% to 36%).

Details

Target Cardholders Add $15MM to Schools

In its second check donation of 2005, the card-driven “Target Take Charge of Education” program has awarded more than $14.7 million to schools nationwide. Since the program began in 1997, Target has donated more than $154 million to schools. With the Take Charge of Education program, families, teachers and members of the community can designate any eligible K – 12 school throughout the country to receive an amount equal to 1 percent of their “REDcard”, “Target Visa” and “Target Card” purchases made at Target and Target.com. Target also donates 0.5 percent of all Target Visa purchases made everywhere Visa credit cards are accepted. Currently, more than 107,000 schools and 9 million Target guests are enrolled in the program. Target serves guests at 1,351 stores in 47 states and gives back more than $2 million a week to its local communities through grants and special programs.

Details

SVS to Issue Schlotzsky’s Gift Cards

Louisville-based Stored Value Systems and its Salt Lake City-based minority marketing partner Gift Card Solutions announced an agreement to provide the first-ever gift card program for Schlotzsky’s, an international franchise restaurant chain with approximately 400 locations in 36 states and six foreign countries. The electronic gift card program allows Schlotzsky’s to provide its customers with an easy-to-administer program at the cash register or online at its website in denominations from $5 to $500. Stored Value Systems is a provider of electronic gift cards and other card-based transaction programs. Gift Card Solutions provides electronic-based gift products and services.

Details

JCB Aligns with VISA/MC PED Specs

JCB has joined VISA and MasterCard to align “PIN Entry Device” security requirements and approval procedures. “PED” manufacturers submitting devices for security testing will be able to rely on a single set of standards, helping ensure cardholder security and providing faster time-to-market for financial institutions. MasterCard and VISA previously agreed to support common standards which were fully put into effect October 2004. JCB’s merchant network includes 12.4 million merchants. JCB cards are now issued in 19 countries and territories, with 55.14 million cardholders.

Details

Payment Cards 3X Faster Than Checks

A study has found that signature-based debit card and credit card transactions are nearly three times faster than check transactions (26.1 seconds and 30.2 seconds, respectively, versus 75.2 seconds). The research by Harris Interactive for VISA also found that the average check writer is 52 years old, 10 years older than the average debit card user and five years older than the average credit card user. Additionally, 59% of those surveyed agreed they would be more likely to shop at a store (such as a grocery store, drugstore, or convenience store) if there was a “check-free” check-out line. Harris says 37% of U.S. adults spend more than 10 minutes in check-out lines during a typical shopping trip.

Details

AmEx Launches its 3rd City-Centric Card

American Express has launched its third city-centric credit card. The new “IN:LA Card” features the “INSIDE Rewards” program whereby cardholders earn one point for every dollar spent and double points on local dining, movies, mobile phone service, cable and satellite TV service, Internet service, gym membership and magazine/newspaper subscriptions. “INSIDE Rewards” points can be redeemed for certificates for as little as 2,000 points at 60 Los Angeles establishments. The “IN:LA Card” is being announced ten days following the launch of the “IN:CHICAGO Card” program. Last year, AmEx launched the “IN:NYC Card” the first city-centric card. (CF Library 9/30/04; 9/22/05)

Details

GM and HSBC Launch a More Flexible Card

HSBC and General Motors are launching today a new cobranded card that enables cardholders to use their rewards for the purchase of any new vehicle. The “GM Flexible Earnings Card” offers a full one percent on all credit card purchases, which are tripled if they are applied toward the purchase or lease of a new GM vehicle. The existing GM cobranded MasterCards offer a 5% rebate towards the purchase of a GM vehicle. Current card products include the “GM MasterCard,” the “GM Extended Family MasterCard” for GM employees, suppliers and relatives, and the “GM Business MasterCard” for small business owners. The new “GM Flexible Earnings Card” also enables GM cardholders to use their earnings to purchase vehicle service, accessories and other items from GM dealers. Launched in September 1992, the cobranded GM MasterCard program has delivered the sale or lease of nearly five million vehicles. There are currently six million GM cardholders in the USA.

Details