Euronet’s e-pay announced the activation of its electronic voucher service for 3, the U.K.’s first video mobile network, which is owned by Hong Kong conglomerate Hutchison Whampoa Limited. Customers of 3 can now top-up on ThreePay in thousands of outlets across the U.K., such as the Post Office, Esso service stations, as well as BP and TM Retail, which includes Martins, McColls, Forbuoys. E Vouchers replace scratch-off cards. e-pay’s electronic top-up services are also available in Australia, New Zealand, Ireland, Poland and MalaysiaDetails
Vital Processing Services has named VISA USA executives Elizabeth Buse and Kevin Schultz to its Board of Directors Elizabeth Buse is executive vice president of product development and management for Visa USA, and is responsible for managing all Visa-branded products and services. Kevin Schultz is executive vice president of sales and integrated solutions for Visa USA, and is responsible for managing Visa’s member relationship and merchant sales teams. Vital Processing Services(R) (Vital)(R) is a leader in technology-based commerce enabling services.Details
Lipman Ingenieria Electronica S.L. has received orders from several Spanish banks with a total value of approximately $8 million. The orders for various models of the Company’s “NURIT” wireless and land line POS terminals are for delivery during the second and third quarters of this year. Lipman’s family of “NURIT”-branded wireless and land line terminals meet or exceed most widely recognized security standards, including “VisaPED” and “EMV,” making these terminals an ideal solution to meet the advanced needs of the Spanish market. Lipman’s corporate headquarters and R&D facilities are located in Israel.Details
Bank of America, the top VISA debit card issuer, reported a 23% increase in transaction volume. Consumers have greater security when they enroll in online banking, giving them the ability to see account transactions immediately, so fraudulent use can be identified and stopped right away. Check Cards with conveniences such as the ability to use them where Visa debit is accepted or at ATMs is a primary reason for their continuing growth. Bank of America is one of the world’s largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.Details
Smart Chip Technologies announced that the Canadian Intellectual Property Office has issued a patent for “Method and System for Allocating and Redeeming Incentive Credits between a Portable Device and a Base Device,” which is an expanded version of the patents owned in the United States, Mexico, Australia, and Japan. The broad SCTN patents cover the business process of allocating, storing, and redeeming any type of loyalty, rewards, or incentives between devices such as smart cards, mobile phones, merchant point-of-sale terminals, ATMs, PCs, satellites, or mainframe computers.The Company says the patent not only adds value to our end-to-end loyalty solution, but licensing Smart Chip Technologies” patent will also provide protection for its Canadian customers from other industry patents. John R. Thompson of Stoel Rives” Intellectual Property practice group is SCTN counsel for patent filings in North America and the Asia Pacific regions, working with the Canadian intellectual property legal firm of Gowling Lafleur Henderson LLP.Details
Citigroup is introducing a new program to enable “Banamex USA” cardholders to add cardholders residing in Mexico. Under the program, the U.S. cardholder is given a “Banamex USA” credit card and the designated person in Mexico gets a card issued by Banamex in Mexico. The U.S. card is issued by California Commerce Bank, the US banking arm of Banco Nacional de Mexico or Banamex. Banamex USA and Banamex in Mexico are companies of Citigroup.
The U.S. customer will receive a monthly statement listing all activity on both cards. The cardholder in Mexico will receive a monthly courtesy statement, reflecting only his or her activity. The U.S. cardholder may make dollar payments on the entire bill, or allow the cardholder in Mexico to pay his or her portion in pesos at any Banamex branch. The program may be added to an existing “Banamex USA credit card account or be included on a new credit card account. During enrollment, the customer may designate the person in Mexico with whom he or she wants to share the account and set a pre-authorized portion of their credit line for that person. The annual fee for the US-based card is $29.
MasterCard yesterday launched a new “Priceless” campaign to communicate its ability to help small business owners succeed. The new “What It Takes” television spots broke on NBC’s coverage of the U.S. Open golf tournament and will run later on CNN, Fox, and CBS. A corresponding print ad is slated to break later this summer. The “What It Takes” television spot focuses on how it takes a person with truly special and unique qualities to handle the day-to-day challenges of running a small business. The new ad captures real-life small business moments such as working odd hours and dealing with faulty office equipment. Creative for the “What It Takes” campaign was developed by McCann-Erickson of New York. The MasterCard “Priceless” advertising campaign is now seen in 96 countries and in 47 languages. MasterCard recently won its fourth “Gold Effie” for the “Priceless” campaign which first launched in October 1997. (CF Library 6/14/04)Details
NamITech Limited has signed an agreement with Welcome to become a VAR of Welcome”s enhanced EMV offerings to banking customers in Southern Africa. NamITech holds a strong position in the EMV solutions market, with a team of leading experts and VISA and MasterCard accredited manufacturing facilities and infrastructure. Welcome”s flagship product, XLS, was recently awarded “ROI of the Year” by The Banker, an FT Business Publication, for its ability to deliver substantial return-on-investment to banks. The award makes XLS the first EMV application to win formal recognition for its role in reducing costs and increasing revenues. XLS surrounds the basic EMV application in the POS terminal and enhances it with revenue boosting services such as instantly awarded loyalty points, coupons, punch cards, vouchers and cash back. NamITech Ltd is a secure technology provider focusing on a number of key market areas: mobile, banking and industry and government.Details
VISA, the Better Business Bureau, Call For Action, the FTC, and the Treasury Department yesterday announced a joint education campaign to help consumers avoid phishing scams Phishing is an e-mail scam in which fraudsters attempt to convince consumers to reveal personal information — such as their credit or debit account numbers, checking account information, Social Security numbers, and banking account passwords — through official-looking fake Web sites or in a reply e-mail. Many financial institutions use e-mail to communicate with customers and direct them to their Web sites where the customers may be asked to enter personal information as part of registering for a service, such as online banking or accessing account information. Visa is the world’s leading payment brand and largest consumer payment system, enabling banks to provide their consumer and merchant customers with a wide variety of payment alternatives. The BBB system is dedicated to fostering fair and honest relationships between businesses and consumers, instilling consumer confidence and contributing to an ethical business environment, in both the traditional and online marketplaces.Details
Vancouver-based LML Payment Systems reported first calandar quarter revenues of $2.7 million, compared to $2.3 million one-year ago. The Company had net income of approximately $82,000 for the quarter compared to a net loss of approximately $702,000 for the year-ago quarter. Revenue for fiscal 2004 year ending March 31st, was approximately $8.7 million compared to approximately $8.6 million for the previous year. Net loss for fiscal 2004 was approximately $1.7 million compared to a net loss of approximately $3.0 million for the previous year.Details
Atlanta-based NetBank has added business credit cards, under an agent deal with MBNA, to its offerings for small business banking customers. Since launching its service one year ago, NetBank has signed up approximately 1,600 small business customers with over $37.5 million in deposits. NetBank will offer two cards: the no annual-fee “MBNA Platinum Plus for Business” and the “MBNA Platinum Plus Business Rewards” cards. In addition to traditional deposit products, NetBank also offers small businesses Internet-based payroll and tax filing services through a partnership with PayMaxx; equipment financing services; and online bill payment. NetBank plans to introduce other new products later this year, such as insurance and additional loan and credit products.Details