MasterCard Q1 European Volume Rises 12%

MasterCard International reports that its gross dollar volume in Europe rose 12% in the first quarter to $105 billion. First quarter volume in Romania soared by 67%, while volume soared in the Russian Federation by 57% and by 50% in Turkey. Within the European region, the number of MasterCards also increased 12% to 114.2 million cards. The number of 1Q/05 transactions increased 13% to 1.2 billion. Other countries with strong first quarter GDV growth include Slovakia (+46%) and Lithuania (+41%). In the Russian Federation the number of cards nearly doubled to 870,000. In the Ukraine the number of cards increased 84% to 430,000. In Slovakia the number of cards increased 68% to 370,000. In Poland the number of cards increased 63% to 920,000 and in Lithuania the number of cards also increased 63% to 90,000.

Details

PayPal Platform Adds More Tools to its SDK

PayPal has introduced a new software development kit to assist developers to integrate with its platform. The new kit includes seven new APIs required to integrate PayPal’s new product for small to medium sized businesses, “Website Payments Pro.” The seven new APIs support integration of: “SetExpressCheckout,” “GetExpressCheckoutDetails,” “DoExpressCheckoutPayment,” “DoDirectPayment,” “DoReauthorization,” “DoVoid,” and “DoCapture.” PayPal Web Services are based on open standards, supporting “Simple Object Access Protocol” and “Web Services Description Language.” The PayPal Developer Network has more than 300,000 members. (CF Library 6/20/05)

Details

SUBWAY Moves to a Plastic Gift/Loyalty Card

The largest restaurant system in North America and the second largest fast-food chain in the world is launching a loyalty and gift card. SUBWAY, which recently announced it is ditching its paper “Sub Club” stamp loyalty card, has inked Chockstone to be its partner for prepaid and loyalty card services for all of its locations in the U.S. and Canada. Independent Purchasing Cooperative, the purchasing organization for SUBWAY, signed the Chockstone deal. Chockstone’s platform is already enabling SUBWAY franchisees in seven states to offer their customers an integrated gift and loyalty card program with real-time promotions tailored to the individual cardholder. Under the program, consumers can load amounts between $5 and $100. Cardholders earn one “Subway Point” for every dollar spent at SUBWAY locations. Redemptions detail vary by location. OR-based Chockstone offers the “Single Swipe” gift card program which combines gift card usage, customer loyalty programs and targeted marketing campaigns for retailers. The SUBWAY restaurant system has more than 22,800 locations in 81 countries. The SUBWAY brand has been ranked the number one franchise opportunity in Entrepreneur magazine for 13 of the past 17 years.

Details

Tonguette to Head ACAP National Marketing

Payments and network veteran Del Tonguette, former CEO of ATM network GulfNet, has joined ACAP Security as SVP of national marketing. ACAP Security will roll out a wide range of highly secure PIN-based payment and financial service industry solutions to the problems of identity theft and on-line ecommerce security based upon the patent-pending ppn Technology and proprietary access control and authentication technology.

Details

Security Concerns Dampens Online Bill Paying

A new survey has found that concerns about the security of personal financial information is the key inhibitor of online bill payment adoption. While non-users remain skittish over the security of their financial data, for the second consecutive year MasterCard RPPS survey results show that increasing numbers of Americans are relying on their financial institution’s website for a secure, convenient place to handle their bill paying. Forty-seven percent of the respondents who pay bills online through their financial institution’s Web site said they do so because they believe it is more secure, citing confidence in the security measures their financial institution takes for personal financial protection. Nearly half of survey respondents cited that they feel their personal financial information is most vulnerable while they are online. Making online purchases (24%) and phishing (18%) were the top-rated scenarios where they feel most at risk.

Details

Ostrich Products Buys Pay Pro Card

Texas-based Ostrich Products of America has acquired Pay Pro Card which has debit card operations in six countries including its domestic operations and offers cards under the brand names “CHEXCARD” and “MYBANKCARD” to businesses, governmental agencies and individuals. Pay Pro will operate as a wholly-owned subsidiary of OPA. Pay Pro offers The MyBankCard and CHEXCARD-Visa and MasterCard bank cards with no interest to pay, no payments to make and no approval requirements.

Details

Spear to Become EVP at IN-based CMC

Indiana-based CMC has hired Kevin Spear, formerly with PNC, Infistar and UPS Capital, as EVP of Strategic Planning and Business Development. Spear’s industry experience spans more than 25 years. CMC is a leading provider of superior quality servicing solutions and product engineering to financial institutions, commercial credit companies, and retail companies for their credit and debit account products, merchant transaction services and private label programs.

Details

VISA Approves the FastMax Rewards Card

Las Vegas-based Global Links Card Services’ “FastMax Rewards VISA Debit Card,” issued by MetaBank, has received final approval from VISA. GLCS anticipates distribution of the FastMax Rewards Visa Debit Card through several marketing partners and its online purchase capability scheduled for June 15, 2005. Revenue is estimated to be in excess of $1 million per year. PTS acquired GLCS in December 2004, establishing it in the debit card distribution business.

Details

AmEx Rejiggers Global Establishment Services

American Express announced management changes due to the upcoming retirement of David House, group president, Global Network and Establishment Services and Travelers Cheque and Prepaid Services Group, as well as Steve Squeri’s move from Global Commercial Card to head Technologies. GNS will now report to CFO Gary Crittenden. The Travelers Cheque and Prepaid Services Group will report to Al Kelly, group president of U.S. Consumer and Small Business Services. Bill Glenn, currently head of ES for the Americas, will assume worldwide responsibility for operations, pricing, marketing and strategy for the merchant network. Gordon Smith, currently president of the U.S. Consumer Card Services Group, will become president of Global Commercial Card. Jud Linville, currently head of the US Service Delivery Network and American Express Interactive, will become president of the U.S. Consumer Card Services Group. Jim Bush, currently regional president of the JAPA region, will now head the US Service Delivery Network.

Details

Card Express Adds 2 Pittsburgh Executives

Card Express has hired Judy Pappalard, formerly with Elan Financial Services, as VP/Sales and Marilyn Sproule, former VP at the STAR Network, as VP/Relationship Management. As vice president of sales, Pappalard will oversee several initiatives furthering CardEx’s relationships with financial institutions, including its Agent Bank Program. She formerly held positions with Mellon Bank. Sproule is charged with the overall management and expansion of CardEx’s customer service areas and call centers. Card Express, Inc. (CardEx) is a leading processor and technology-driven developer of prepaid debit card products and services for financial institutions and corporate clients.

Details