SCOTIACARD & RAPIDMONEY

RapidMoney Corporation announced it will now make money transfers directly to a Mexican stored value card. Issued by Scotiabank Inverlat, the “ScotiaCard Mi Pago” enables recipients of RapidMoney
transfers to withdraw funds from all the ATMs in Mexico and to make
purchases without service charges at over 100,000 Mexican stores and restaurants. Senders of “RapidMoney” transfers in the USA request the
“Scotiacard Mi Pago,” which is then delivered to the designated recipient in Mexico. Subsequent transfers automatically load the card and provide the transfer recipient continued access to Mexican ATMs, stores and restaurants.

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VISA Launches a Small Business Reporting Tool

VISA USA has launched a new small business reporting solution that tracks both small business signature-debit and credit transactions. Additionally, enrolled “VISA Business Check Card” users will be able to track and view all PIN-based Interlink transactions. The new service, called “Visa Information Source Select,” will first be piloted to small business cardholders with accounts at Wachovia and U.S. Bank. Wachovia is piloting “VIS” for its debit card small business customers, and U.S. Bank is testing “VIS” for its credit card small business customers. The new “VIS Select” option is part of a larger umbrella program, called “Visa Information Source,” which was made available to VISA commercial customers in 2002. Reports offered through “VIS Select” represent a subset of the “Visa Information Source” reports most applicable to the needs of small business debit and credit cardholders. These reports provide summary and detail level information of spending by cardholder, by company and by specific merchant categories.

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ASK Contactless Cards to be Used by the TLS

Thales has selected ASK to supply the contactless cards and tickets for the Dutch public transports. The Netherlands will be one of the first countries in the world to have a full contactless AFC system on their whole public transportation network. The Deutsh e-ticketing project under the supervision of “Trans Link System” project involves a consortium of the 5 largest transit operators in the Netherlands and should be starting in Rotterdam in fall 2004 to spread to the
other cities by 2006. Over 2 million passengers daily should be thus
traveling by train, metro, bus, boat or tramway.

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Quebec’s Moving Day Drives Spending

Moneris Solutions recently analyzed the credit card and debit card transaction volumes of Quebec merchants during the province-wide “Moving Day” period, around July 1st. As expected, related businesses such as moving vans, paint and wallpaper stores, and even hotels enjoyed a healthy spending increase during this year’s moving period. Other findings include: debit and credit card spending at motor freight carriers jumped 24%; video tape rental stores sales also increased by 24%; car rentals rose 13%; household appliance sales were up 13%; hotels were up by 10%; and glass, paint and wallpaper sales increased by 5%.
While there is no definitive explanation for the July 1st moving
custom, an old Scottish tradition might help explain it. Every 1st of May, residents were allowed to terminate their lease in order to find better housing. Scottish immigrants brought this tradition to Quebec and the day was moved to the 1st of July, in order to avoid conflicting with the school year.

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US Dataworks Hires a Remittance Sales Exec

Houston-based US Dataworks has hired John Kincade as VP/GM of Remittance Sales. Kincade brings to US Dataworks more than 20 years of sales and operational experience in the remittance processing industry. Kincade began his career with Unisys Corporation as a national account executive specializing in payment solutions for telephone companies. US Dataworks is a developer of payment processing solutions, focused on the financial services market, federal, state and local governments, billers and retailers.

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NCR Japan Names a New Co-President

NCR Corporation announced that Glen Fukushima has been named co-president of NCR Japan. He will serve with co-president Hideki Hosoi. Fukushima has also been named to NCR Japan’s board of directors.
Fukushima joins NCR Japan from Cadence Design Systems, Inc. where he
served as chairman, president and chief executive officer of the
software company’s business operations in Japan. Prior to that, he was
corporate vice president of the global management consulting firm Arthur
D. Little, Inc. and president of its Japan organization.

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MBNA Canada Buys an 8-Story Ottawa Building

MBNA Canada Bank has expanded its operations in the Ottawa-Gatineau area with the purchase of the 122,000-square-foot, former Gloucester City Hall building. The eight-story facility is adjacent to MBNA Canada’s existing headquarters building. Ottawa city council approved the sale of the building to MBNA Canada in late 2003.
MBNA Canada, a schedule II chartered bank, started business in
Canada in 1997.

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InteliData Revenues Drop 37%; Loss Widens

InteliData Technologies reported that second quarter revenues dropped 37% as net losses topped $27 million. Revenues for the quarter totaled $3,746,000, compared to $5,951,000 reported for the second quarter of 2003. Gross profit for the three-month period ended June 30th, was $1,971,000 compared to $4,003,000 for 2Q/03. Net losses for the quarter were $27,841,000, compared to $11,000 one-year ago. The losses were due to a non-cash goodwill impairment charge of $26 million. InteliData provides online banking and EBPP technologies and services. For complete details on InteliData’s second quarter performance visit CardData (www.carddata.com).

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ONLINE ACTIVITY

A new survey has found that 22 million Internet users either purchase or bank online, with half of them doing both. The average
number of purchases per year, per online shopper, has grown sharply, from 6.5 in 2000 to 7.8 in 2001, 9.4 in 2002, and 11.2 last year. According to Association for Payment Clearing Services, the number of credit card payments made online has increased five-fold since 1999, with 10% of all credit card payments now taking place online compared
to just 2% five years ago. More than six million or 20% of all credit card holders viewed their statements online during the second half of 2003. The new APACS data also shows Britons’ rising dependence on the Internet for more than just information with almost 13 million customers using Internet banking in 2003.

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Christian MasterCard Produces Mixed Reactions

Family Christian Stores says its co-branded credit card with MBNA is slow going, and that the card design has generated some negative reaction. The “Family Christian Stores MasterCard,” launched 18 months ago, bestows to cardholders two points for every dollar spent at Family Christian Stores, and one point for each dollar spent elsewhere. Cardholders automatically receive a $10 gift certificate each time they earn 1,000 points. Additionally, new cardholders also receive two $10 gift certificates after the first eligible use of the card. The no fee card carries a moderate 9.9% fixed APR, but punishes cardholders with an ungodly fee of $39 for make late payments or going over the credit line. Iowa City TV station KCRG-TV9 says some viewers felt the “Master” would not have approve the card design.

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