Paymentech Adds 23,500 Gas Stations

Dallas-based Paymentech has added more than 23,500 petroleum locations to its customer base this year, the largest petroleum market gain in the last decade for the Company. Paymentech’s petroleum-specific payment solutions such as Partial Debit Authorization, enables consumers to pay at the pump using debit cards, even if they are low on cash and do not meet the authorization requirement. The solutions have contributed to many contract wins and have saved merchants numerous sales. Paymentech, L.P. processes the most payment transactions in North America along with over half of all Internet transactions for retailers who accept U.S. and international payments through the traditional point of sale, Internet, catalog, and recurring payments. Along with its Canadian affiliate, Paymentech processed 7B transactions and $162B in sales volume.

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NetBank Payment Systems Targets C-Stores

NetBank Payment Systems has introduced a comprehensive package of transaction processing services and equipment designed for convenience store retailers and other merchants. Services include multifunction ATMs, ATM processing, prepaid wireless recharges, government and payroll check cashing, Western Union(R) money transfers, POSA prepaid services, prepaid wireless, prepaid long distance phone cards, prepaid debit & MasterCard cards, gift & loyalty cards, check acceptance & payment processing, credit and debit processing, electronic check conversion, recurring automated clearing house (ACH) debit, and Age verification. NetBank, Inc. operates with a revolutionary business model through a diverse group of complementary financial services businesses, leveraging technology for a better delivery of services.

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STAR Network Signs First Citizens Bank

First Data’s “STAR Network” has completed an agreement with NC-based First Citizens Bank to participate in STAR’s direct check debit and verification service. “STAR CHEK Direct” will be used to reduce check fraud losses and processing costs, generate income, and ease the check processing administration. It is the only service that offers real-time, standalone direct verification of funds availability via the consumer’s DDA account, as well as real-time check debit. STAR CHEK Direct is available for both retail POS transactions and telephone and Internet bill payments. Over 10 financial institutions, bill payment processors, and check acceptance companies have utilized the service since its introduction earlier this year. First Data serves roughly 3.5 million merchant locations, 1,400 card issuers, and millions of consumers, making the purchase of goods and services using any form of payment fast, easy, and secure. First Citizens operates 335 branches in 200 cities and towns along the east coast. It has $12.8 billion in assets.

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Fiserv Acquires CheckAGAIN

WI-based Fiserv has acquired CheckAGAIN, a provider of electronic check re-presentment services. The acquisition will contribute an estimated $15 million in annualized revenues. CheckAGAIN will enable Fiserv to expand its services into a fast-growing, complementary market as well as cross-sell a valuable service to its financial institution clients. CheckAGAIN uses automated clearinghouse transactions to re-present returned checks. It has developed a proprietary system for recovering checks that were returned due to insufficient funds. Services provided by CheckAGAIN enables businesses to reduce costs associated with check collection. CheckAGAIN has also reduced problems associated with resolving misunderstandings concerning returned checks, which greatly benefits consumers. Fiserv, Inc. serves over 15,000 clients worldwide, providing information management systems and services. The company reported $2.7 billion in processing and services revenues for 2003.

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Merrill Lynch Card Offers a Major Make-Over

VISA and Merrill Lynch have teamed to launch a special promotion offering a lifestyle make-over worth $1 million. The “Merrill Lynch Million Dollar Make-Over” offers one grand prize that includes a personal make-over, designer wardrobe, home interior make-over, 2005 Porsche “Boxster S,” 25 hours of private jet time, cooking classes with Jacques Pepin, a dream family vacation in Tuscany, and $250,000 in cash. “MERRILL+ VISA” and “Merrill Lynch VISA Signature Rewards” cardholders will automatically be entered into the sweepstakes through December 31st each time they use the card. MBNA and Merrill Lynch launched their co-branded credit cards in April. (CF Library 4/27/04)

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VISA Tops $200B in Global Comm Card GDV

VISA International reported that dollar value of all purchases and cash withdrawals made with “VISA Commercial” payment solutions hit $200 billion for the four quarters ending June 30th. The figure was up 26% over the same period last year. VISA says it took 10 years for VISA to reach the $100 billion milestone and just three years to achieve $200 billion in annual commercial volume. VISA’s nine commercial products posted volume of $177.5 billion in 2003, an increase of 19% over the year-ago period. In the U.S., VISA reported that commercial cards produced a second quarter sales volume of $28.2 billion, a 23.9% increase year-on-year. As of June 30th, VISA had 22 million commercial cards in the USA. (CF Library 4/6/04; 8/6/04)

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Retalix and GTECH Integrate POS Technologies

Ra’anana-based Retalix has teamed with GTECH to launch
the first integration of a Web-browser lottery application into a clerk POS touch-screen application in the USA. As the new GTECH “Lottery Inside” browser-based online lottery solution can run on standard POS hardware – the new interface between Retalix’s “StorePoint” and GTECH allows the cashier to complete a versatile sales transaction which may include C-store items, fuel, and lottery, as one transaction, on a single POS device, thus simplifying sales processes, cutting down on time and space, and speeding up checkout. Until recently, online lottery ticket sales required a dedicated lottery terminal at a retail location. With the “Lottery Inside” technology, retailers can sell online lottery tickets through their existing in-store POS system.

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Surinaamse Postspaarbank to Use Euronet Software

Paramaribo-based Surinaamse Postspaarbank has selected Euronet’s ATM management software to run its in-house ATM operations. Surinaamse Postspaarbank will also use the software solution to interface to the recently announced national switch in Suriname, which enables four Suriname banks to use ATM and POS machines from any of the participating banks. Euronet’s ATM Management software enables Surinaamse Postspaarbank to control its ATM network in real time with ATM driving, ATM monitoring and ATM reporting. Surinaamse Postspaarbank has 5,500 customers. One-year ago, Hakrinbank NV, also based in Paramaribo, inked a deal with Euronet to launch the first Internet banking solution in Suriname.

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ViVOtech Rolls-Out Next-Gen Contactless

ViVOtech has rolled-out its next-generation single or multi-lane contactless payment solution. The new “ViVOpay 4000” is designed to work with “MasterCard PayPass,” “ExpressPay” from American Express, and “VISA Contactless.” The smaller size of the “ViVOpay 4000” makes it possible for retailers to seamlessly upgrade their systems by simply mounting the new device to any POS terminal. “ViVOpay 4000” has also incorporated the benefits of both RFID and NFC technologies. The ViVOpay 4000 will be available for shipment in volume quantities next month.

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