Walluf-based OMNIKEY has developed a practical and affordable PC-linked desktop reader that is specifically designed to work with a standard HID proximity card. The “CardMan 5125,” based on HID’s industry standard access control proximity card technology, reads the unique card number from any HID proximity card. The “CardMan 5125” allows organizations to implement new PC-linked applications without the need to re-badge cardholders. OMNIKEY is part of the ASSA ABLOY Identification Technology Group.Details
Florida-based Morgan Beaumont announced that Kenneth Craig, chief operating officer, has resigned. He has indicated he will pursue personal interests and spend time with his family. Craig has been with Morgan Beaumont since mid-2002 serving in various capacities as its CEO in 2002, CFO in 2003, COO in 2005, and heading up the company’s wholly owned subsidiary, MBI Services Group, LLC as its president. He has been a member of the board of directors during his tenure. Morgan Beaumont provides stored value and debit card solutions.Details
British Airways customers can now use their UATP account to pay for flights online at ba.com. Business travelers are also able to take advantage of a range of ba.com services, such as changing their bookings and online check-in. Additionally, customers can print their boarding pass from home on selected routes or collect their boarding passes at the Self-Service Check-in kiosks at the airport. British Airways is a UATP shareholder and merchant. AirPlus International, UATP’s largest account Issuer manages British Airways’ UATP account. UATP accounts are accepted as a form of payment for corporate business travel by more than 200 airlines worldwide.Details
Experian has acquired a provider of relationship-management, credit-origination and risk-management solutions. IN-based Baker Hill provides services to more than 1,100 banking, credit union and financial services clients with installations across the USA. Baker Hill will operate as a business unit within Experian’s Business Information Solutions division and will be known as Baker Hill, an Experian company. The company will continue operations in Carmel, Indiana and current management and employees will be retained.Details
MasterCard released findings from its latest Insights Report showing Japan’s older women as a powerful and important segment, expected to command some US$313 billion of spending power by 2013.
A declining fertility rate, shrinking population and an ageing
population will result in Japan becoming a “super-ageing” population,
with women generally outliving men. These healthy, active and
financially well-off older Japanese have been characterized as the
“silver aristocrats.” For this older women segment, the demand for services is expected to be greater than the demand for consumer goods and products. The latest report is part of the “MasterCard Insights” series of ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific region.
First Data announced that Jim Schoedinger, president of the company’s Card Issuing Services, will be leaving the company to pursue other opportunities. First Data Corp. is a provider of electronic commerce and payment solutions for businesses and consumers worldwide with 4.1 million merchant locations, 1,400 card issuers and millions of consumers.Details
VASCO Data Security International has announced that its “Digipass”
unconnected secure smart card readers has been EMV-CAP 2004 certified by
MasterCard. “Digipass” secure smart card readers used in conjunction
with an EMV smart card allow customers to use the same EMV card and PIN
at ATMs, pay for purchases and perform secure online transactions. VASCO
provides user authentication products for over 390 international
financial institutions and approximately 1,700 corporations and
governments worldwide. VASCO has sold over 6 million
smart card readers worldwide.
MasterCard International has postponed plans to levy fees on all foreign transactions. MasterCard had planned, effective October 1st, to charge a fee of 0.8% for all cross-border transactions and an additional 0.2% whenever a merchant’s foreign currency needed to be converted into dollars. VISA previously suspended its 1% foreign transaction fee which also applied to all transactions including dynamic currency conversion transactions. MasterCard says the new fees will now go into effect on April 7th. Some issuers, such as MBNA, levy a 3% conversion fee on all foreign transactions including transactions converted to U.S. dollars at the point of sale.Details
Standard Bank of South Africa is implementing “Strategy Management Generation 3” from Experian-Scorex. Standard Bank has been working in partnership with Experian-Scorex for more than 10 years. It was one of the first users of Experian’s credit bureau in South Africa and an early adopter of credit scoring and customer-level decisioning.
“Strategy Management Generation 3” will allow the bank to maximize the power of this data and further enhance decisioning for its customer base, enabling both reactive and proactive customer management.
The City of Las Vegas has deployed pay by cell phone service for parking using Reino Enforcement Technology and payments processed by Peppercoin. The city has replaced old parking meters with 15 new meters, covering 150 parking spots, in the city’s downtown business district. The service has free registration and can helps drivers avoid parking tickets by sending a reminder SMS text message to a subscriber’s phone approximately 10 minutes before their meter time expires. Drivers can then purchase more time by making a cell phone call. Reino is the supplier of parking solutions. Peppercoin provides small payment products.Details
The banking and payment sectors in the Asia Pacific region
continue to migrate from magnetic stripe-cards to chip- or smart
card-based cards. Companies now have to attempt to make optimal use of
the infrastructure they have invested in to break even or make profits.
Although no clear post migration “killer application” has been developed
yet, the financial card industry is definitely moving toward
convergence. For most countries in the Asia Pacific, ATM, debit, credit,
loyalty and transit applications are some applications that are
expected to appear on a single card. Frost & Sullivan has launched a
research service that provides data and analysis on the Asia Pacific
banking and payment sector. It provides rapid updates, forecasts, and
estimates on several markets such as banking cards, payment cards,
banking terminals and payment terminals in Japan, South Korea,
Malaysia, Taiwan and Thailand. It enables companies to align their
positioning strategies to benefit from the changing sectors and obtain
maximum return on investment.