InterContinental Hotels Group has selected “realtimemerchant” from Global Card Services as its newest payment processing solution to facilitate credit and debit card processing at its properties. The “realtimemerchant” solution is a payment-processing gateway that controls credit card processing through a single Web interface. InterContinental Hotels Group owns, manages, leases or franchises more than 3,500 hotels in nearly 100 countries and territories around the world. Global Card Services is part of First Horizon National Corp and provides merchant credit card processing services.Details
United Cash Solutions, the ATM division of United Bank Card, has completed the transition to its new headquarters in Beverly, Massachusetts from Tucson, Arizona. The new facility is 10,000 square feet and will include space for expanded customer service and technical support departments as well as the United Cash Solutions management team. United Cash Solutions is a full service ATM processor providing a completely in-house program to accommodate any ATM need.Details
GlobalPlatform’s Board has elected Klaus Gungl, Senior Smart Card
Systems Architect at IBM Global Services, to the position of Chairman for
the organization’s Card Committee. The new Chairman succeeds Marc
Kekicheff, VP/Product Technology at VISA Worldwide Services, who remains
in the role of GlobalPlatform’s Technical Director. Kekicheff has stepped
down from his role as Chair of the GlobalPlatform Card Committee after
five years to pursue further responsibilities within VISA and to allow
other interested Members to serve the organization. GlobalPlatform is an
independent, not-for-profit organization.
Fiserv has named John Peterson, formerly with Transactions, Bank One and ABN AMRO Services, as president of the EPSIIA unit. Previously, Peterson was managing principal of Transactions, an executive consulting firm focused on the financial services industry. He also was general manager for receivables management at Bank One Corp. and senior vice president for banking operations at ABN AMRO Services Co. Peterson’s educational background includes a bachelor’s degree from the University of California at Berkeley, an MBA from the University of Chicago and a master’s degree in information technology from Northwestern University. Fiserv, Inc. is a provider of information management systems and services and reported $3.4 billion in processing and services revenues for 2004.Details
OTP Bank has extended its “BASE24” software license with ACI. The new license, which includes “BASE24-atm” and “BASE24-pos” modules, includes a second-site license for DSK Bank in Bulgaria, a recent acquisition of the OTP Group. As part of the agreement, DSK Bank will also implement ACI “Card Management System” software for the issuing and acquiring of bank cards. More than 500 customers in 78 countries use ACI supplied software.Details
Wynn Las Vegas has awarded its resort credit card processing business to Paymentech. The $2.7 billion hotel/casino resort opened April 28th and has 2,716 guest rooms and 22 food and beverage outlets. Paymentech processed 8.5 billion transactions and $200 billion in card volume in 14 currencies last year. In April, Wynn Las Vegas selected Global Payments’ Gaming Division’s “VIP LightSpeed” suite of products for check cashing transactions. Also, the new resort signed a multi-year agreement to use the products and services of Global Cash Access. (CF Library 4/13/05; 4/28/05)Details
JCB, NTT DoCoMo Shikoku, and Symbol Tower Development
Corporation have teamed up to offer “QUICPay” mobile contactless payment
service at 23 stores and restaurants in Takamatsu City’s Symbol Tower.
The service will be targeted to more than 1,500 office workers in the
building and is available to the general public as well. With “QUICPay”,
a part of the customer’s existing credit limit is assigned to a
contactless IC chip which may be embedded in a plastic card or in a
mobile phone handset. Also, “QUICPay” purchases are linked to the
cardholder’s existing JCB credit card account so that users can earn
loyalty points. JCB has been testing “QUICPay” since November of
2004, starting with a taxi trial project and is currently conducting a
trial in the Tokyo metropolitan area. Seicomart, a large convenience store
chain in Hokkaido, will be implementing a six-month trial of “QUICPay”
through November at 10 of its outlets in Sapporo.
Metris Companies Inc. announced it has notified the Trustee of its unsecured 10 1/8% senior notes, which are due July 2006, that Metris intends to make an optional principal prepayment of $30 million. The payment is expected to be made on Friday, July 15, 2005. The remaining principal outstanding on the original unsecured senior notes will be $49.1 million as a result of this prepayment.
Metris Companies Inc., based in Minnetonka, Minn., is one of the largest bankcard issuers in the United States. The company issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly owned subsidiary headquartered in Phoenix, Ariz. For more information, visit [www.metriscompanies.com] or [www.directmerchantsbank.com].
Asia Payment Systems reported that the company’s card-processing
systems processed more than 150,000 transactions in its first six months
of operations. Gross dollar volume exceeded $35 million in the same
period. Asia Pay is developing a credit card processing network that
provides clearing services to merchants, oil companies, and financial
institutions in China, Japan, and in related markets elsewhere in Asia.
The Company has offices in: New York City; Seattle, Washington; Beijing
and Shenzhen in China and Hong Kong.
Mexico City-based Poder de Compra, S.A. de C.V. has partnered with
SiVault Systems to upgrade PDC’s banking platform. This platform utilizes
PDC’s U.S. debit cards and Mexican electronic cards using HSBC bank in
Mexico to enable people in the U.S. to easily, safely and inexpensively
transfer funds to relatives and friends living in Mexico. This initial
order was secured through the efforts of
Santiago de Leon. The agreement will result in an initial order for
100,000 cards that will be issued over the next four months primarily to
Hispanics who reside in Texas, Illinois and California. Through its
strategic partnership, SiVault also plans to deploy several thousand
terminals under the program with PDC.
U.S. Bank is now issuing three affinity credit cards and one affinity debit card on behalf of the Yellowstone Park Foundation. The new Visa cards feature images of the natural beauty that encompasses Yellowstone and will give individuals who support the park additional opportunities to help preserve and protect it. Every new card activation and a share of every purchase made with the card will go to support the Yellowstone Park Foundation. The Yellowstone Park Foundation is a non-profit organization that funds projects and programs that protect the wonders and wildlife of Yellowstone National Park. U.S. Bank has $198 billion in assets.Details