Gemplus Launches Smart Identity Management Systems

Gemplus International has launched “SafesITe Enterprise” and “SafesITe Corporate,” two new smart identity management systems for large enterprises and growing corporations based in North America.
The two systems are based-on Gemplus’s global smart card-based identity
management solution suite, “SafesITe,” and combine network and building access control on a single, smart badge for enablement of two-factor authentication and the consolidation of security infrastructures.
Beyond building and network access, “SafesITe Enterprise” also
manages applications for parking, vending, medical, and cafeteria payments.

Details

Global Axcess to Manage NM ATM Program

NM-based Valley National Bank has signed agreements with Global Axcess for the outsourced management of their in-branch ATMs and to acquire exclusive marketing rights to eight Global ATMs. In addition, Valley National Bank will have exclusive marketing rights on eight Global Axcess ATMs throughout their market area under Global Axcess’ Branded Cash Program, providing more convenient services and surcharge-free ATM transactions for their bank customers. Global Axcess Corp. was founded in 2001 with a mission to emerge as one of the nation’s leading network-based electronic commerce and transaction processing companies.

Details

Card Balances Top $30B as Dec Volume Tops $16B

Total credit card balances exceeded A$30 billion for first time during December. Also, gross dollar volume for purchases on credit card and charge cards in December soared by more than 17% from the prior month. Over the past twelve months, credit card balances have increased more than 14%. Based on historical data from the Reserve Bank of Australia, revolving balances topped $A20 billion for the first time during December. The latest data show that revolving balances increased to A$20,224,000,000 during December, up 12% from one-year ago. During December, Australians charged A$15.1 billion in purchases on credit/charge cards compared to A$13.7 billion one-year ago. At the end of December, consumers owed A$30.2 billion on credit cards versus A$26.5 billion for December 2003. Card credit limits reached A$78.0 billion at the end of December, compared to A$69.4 billion for December 2003. There are 11.6 million credit card and charge card accounts in Australia, compared to 10.9 million one-year ago.

Details

MasterCard Jazzes-Up its World MasterCard

MasterCard has added more flexibility and customization options to its “World MasterCard” card program. Currently, there are more than 10 major issuers offering World MasterCard to cardholders in the U.S., giving them the opportunity to use their World MasterCard card at more than 24 million locations around the world. MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs. Juniper, a member of the Barclays Group, is a leading U.S. credit card issuer.

Details

Small Ticket Volume Soars Nearly 50% in 04

While many merchants shun payment card transactions of $10 or less, small ticket credit/debit card purchases have grown by a factor of more than six times this decade. Last year, Americans racked up more than $35 billion in small ticket purchases, led by quick service restaurant credit/debit card purchases. Between 2003 and 2004, small ticket sales increased nearly 50% from $23.7 billion. Fast food sales in 2004 hit $22.5 billion, wherein the average ticket hovers around $11 per transaction. Credit/debit card sales of transactions that $5 or less, grew from $10.8 billion to $13.5 billion last year.

<$10 Card Transactions Historical 2000: $ 5.7 billion 2001: $ 9.7 billion 2002: $14.0 billion 2003: $23.7 billion 2004: $35.5 billion Source: CardData Diamond (www.carddata.com)

Details

iPayment’s Q4 Volume Rise 88% Over 4Q/03

Nashville-based iPayment reported that fourth quarter revenues jumped 56% to $101.4 million for the fourth quarter of 2003. Net income for the quarter was $7.6 million compared to $10.3 million one-year ago. iPayment says charge volume increased to $3.47 billion in the fourth quarter from $1.85 billion in the fourth quarter of 2003. The processor also reports that processing costs per transaction averaged $0.18 for 2004, down from $0.21 for 2003. iPayment provides credit and debit card-based payment processing services to over 125,000 small U.S. merchants. For complete details on iPayment’s fourth quarter performance, visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

Details

DUETTO VISA

RBC Royal Bank has introduced the “Starbucks Duetto VISA,” the first
card that combines the re-loadable stored-value “Starbucks Card” with a general purpose credit card. Bank One introduced a U.S. version of the same card in October 2003. When cardholders use the VISA account of their “Duetto Card,” they earn one per cent of their purchase back in “Duetto Dollars” which are loaded into a “Duetto Dollars” account at the end of each billing cycle. New cardholders also receive a one-time pre-load of $10 to their “Starbucks Card” account after their first “Duetto Card VISA” purchase. Starbucks will also contribute five dollars to Frontier College for adult and youth literacy after the first VISA purchase made on each new “Starbucks Duetto VISA.”

Details

OPC Inks the GA Department of Revenue

Official Payments Corp. has inked a deal with the Georgia Department of Revenue to process personal income tax payments electronically with a credit or debit card beginning this quarter. This agreement will enable Georgia citizens to make their balance due and estimated tax payments, and extension payments, conveniently and securely with a credit or debit card by visiting www.officialpayments.com or by calling 1-800-2PAY-TAX(SM). Georgians will now have the additional benefit of making both federal and Georgia state tax payments through Official Payments Corp.’s telephone or Internet payment center in a single payment session. Tier is a leading provider of transaction processing and packaged software and systems integration services for public sector clients.

Details

Exxon Beefs-Up its Private Label Cards

ExxonMobil, in partnership with GE Consumer Finance, has re-designed the look, and added enhanced cardholder benefits to its consumer and business credit cards. The new cards will incorporate new and enhanced fraud deterrent technology, provide cardholders a choice of payment dates, and incorporate a standardized 16-digit account number. Also, the consumer card will now feature a zero credit card fraud liability. In addition to launching the upgraded cards to all existing cardholders, GECF will team up with ExxonMobil on a major integrated marketing campaign to attract new ExxonMobil credit card customers. Beginning in March and running through the end of May, new accountholders will receive a $10 statement credit after their first use of the card. GECF will issue new cards to over 7 million current ExxonMobil cardholders as a result of the upgrade.

Details

MetaBank Launches the Trycera Financial MC

CA-based MetaBank has launched the “Trycera Financial Prepaid MasterCard” which also features “Click N Pay,” an integrated bill payment service. Featuring a broad range of product features and functionalities, the Trycera Financial Prepaid MasterCard is an innovative tool for consumers seeking to participate in the growing cashless economy. Trycera Financial is a publicly reporting financial services company specializing in customized and turnkey prepaid programs partnerships that serve the needs of self-banked consumers. Meta Payment Systems, a division of MetaBank, offers card issuing and program support to banks, processors, and third-party program managers seeking to develop programs for stored-value cards.

Details

ConocoPhillips Certifies Radiant Systems

Atlanta-based Radiant Systems has been certified with the ConocoPhillips network for processing credit, debit and fleet card transactions at Conoco, Phillips and 76-branded sites throughout the USA. This certification enables marketers of ConocoPhillips, the third largest integrated energy company in the United States, to take advantage of Radiant’s more-than-10-years’ experience providing touch-screen POS for petroleum and convenience retailers. Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience store, and entertainment industries.

Details