Akamai Technologies Names Kight to the Board

Akamai Technologies has elected Pete Kight, founder, chairman and CEO of CheckFree, to its Board of Directors. Since 1997, when Kight unveiled the industry’s first Internet bill, CheckFree has been working with businesses to transform the monthly bill into an interactive communications tool. Akamai(R) is the global leader in distributed computing solutions and services, making the Internet predictable, scalable, and secure for conducting profitable e-business. The Akamai on demand platform enables customers to easily extend their Web operations – with full control – anywhere, anytime, without the cost of building out infrastructure.

Details

U.S. PLUS Volume Rises 9% Last Year

Transactions at “PLUS” ATMs rose 8.7% in the fourth quarter as VISA added 7,000 new “PLUS” ATMs in the USA during 2003. During 2003, VISA handled 434,222 “PLUS” transactions, with 115,397 in the final three months. The figure does not include gateway transactions. The “PLUS” network has more than 800,000 ATMs in 144 countries, with 364,000 in the USA. About six months ago VISA USA announced the creation of an optional service that will help financial institutions expand no surcharge ATM access for their cardholders. Under the new “PLUS No Surcharge Alliance” specially designed decals will be added to participating ATMs, and cardholders will be notified by their financial institution if it is a participant. VISA’s “PLUS” also offers “PLUS Shared Deposits,” which allows consumers to make deposits at ATMs not operated by their own financial institutions. (CF Library 8/8/03)

Details

VeriFone EMEA Hires a Business Development Manager

VeriFone has hired Giles Cooper as UK Business Development Manager for VeriFone EMEA. Giles joins VeriFone from property and facilities management solution provider, Electus Services, part of Profectus Group, where he was Business Development Director. Prior to his role at Electus, Cooper was Senior Communications Consultant for Alcatel Telecom, providing voice and data infrastructure solution sales and associated consultancy to corporates and multi-nationals in the UK. VeriFone says the new position was created due to the increased interest and demand for the “SC 5000” and “Omni” product range in the UK for “Chip and PIN” and Apacs-related payment solutions.

Details

SVC Financial Services Hires Peak for Sales

San Francisco-based SVC Financial Services has hired Bob Mack Peak as VP of Sales and Business Development. Mr. Peak has more than 25 years of experience as a sales and marketing executive in the software industry. Before joining SVC, he specialized in next-generation Web solutions based on the World Wide Web Consortium’s (W3C) standards for the Semantic Web and in the implementation of Enterprise Content Management solutions. SVC Financial Services (OTC: SVCX) is a provider of an integrated suite of secure electronic payment, web application development, digital rights management and multimedia authoring solutions with a focus on the online retailing and entertainment industries as well as the companies that serve them.

Details

Federal Reserve Board Promotes Braunstein

The Federal Reserve Board has promoted Sandra Braunstein to Director of the Division of Consumer and Community Affairs, effective April 1st, succeeding Dolores Smith. Ms Braunstein will succeed Dolores S. Smith, who is retiring after twenty-eight years of service at the Board, including six years as Division Director. Ms. Braunstein held positions in economic and community development for nonprofit, government and private sector organizations. She is a graduate of the American University.

Details

Intelli-Check Names Prendergast to the Board

Woodbury, NY-based Intelli-Check has named Thomas Prendergast to the company’s Board of Directors. Mr. Prendergast is currently an investment and management consultant. He presently serves as Chairman of the Board for The Steel Corporation of Texas, Texzona Industries, Inc. and Scot Holding, Inc. and as Director for Double Eagle Petroleum, Inc. Intelli-Check, Inc. ([www.intellicheck.com][1]) is a developer and marketer of proprietary document verification technology, which is contained in its ID-CHECK(R) units and in its ID-Check(R) PC software and will be contained in its ID-Check(R) PDA software products and the next release of C-Link(R), the company’s net workable data management software.

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

Details

All Nippon Airways Launches a Co-Branded VISA Card with US-Based InfiBank

All Nippon Airways has teamed with a U.S.-based firm to launch a co-branded VISA card denominated in US dollars for “ANA Mileage Club” members. Atlanta-based InfiCorp Holdings is issuing and administering the new “ANA CARD U.S.A. VISA” through its InfiBank affiliate. ANA says the card is being issued through the U.S.-based company to avoid the currency exchange disadvantages of a yen-denominated card. Under the program, cardholders earn one mile for every dollar they spend using the card and will be awarded 5,000 bonus miles for the first purchase they make using the card, plus an additional 5,000 bonus miles if the first purchase is made before Sept. 30th. The card offers a 1.9% introductory interest rate for the first five billing cycles, and then goes to a 13.99% variable rate. The card also carries a $70 annual fee. Members also receive discounts for in-flight purchases, and discounts at ANA hotels and duty-free shops. As part of the “ANA CARD U.S.A” program, InfiCorp and ANA are providing both English and Japanese versions of a Web site for the card, as well as Japanese-language customer service through Tokyo-based Prestige International’s multi-lingual call centers. ANA is the world’s eighth largest airline. This is the first such affiliation for ANA outside Japan.

Details

Nokia, Philips, and Sony Tackle Touch-Based Payments

Nokia, Philips, and Sony have teamed to establish the “Near Field Communication Forum” to promote the use of touch-based interactions for payment purposes. The new forum will promote implementation and standardization of “NFC” technology to ensure interoperability between devices and services. “NFC” technology evolved from a combination of contactless identification and interconnection technologies. “NFC” operates in the 13.56 MHz frequency range, over a distance of typically a few centimeters. NFC technology is standardized in “ISO 18092,” “ECMA 340,” and “ETSI TS 102 190.” NFC is also compatible to the broadly established contactless smart card infrastructure based on “ISO 14443 A”, i.e. Philips “MIFARE” technology, as well as Sony’s “FeliCa” card.

Details

OCC Wants Transparency on Bank Subsidiaries

The OCC has published a proposed rule to assist consumers in identifying national bank operating subsidiaries and is seeking comment. In order to provide more specific information to consumers, the proposed rule would require national banks to file an annual report with the OCC containing information about national bank operating subsidiaries that are not functionally regulated by other regulators and that do business directly with consumers. The OCC invites comment on whether the information requested is adequate to apprise consumers of the information they need to identify the company as a national bank operating subsidiary.

Details

Hypercom Being Tracked by Morgan Keegan

Morgan Keegan began research coverage on Hypercom this week and has issued an “outperform-speculative risk” recommendation. Hypercom does not endorse or adopt any of the opinions, estimates, forecasts, conclusions or recommendations expressed by analysts. The information obtained in any report presented by analysts, expresses the views of the analysts, not Hypercom. Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.

Details

The Annual March Break Lifts Apparel Sales Significantly

Quebec’s annual “March Break” produced a 23% lift in apparel sales and spending at children and infant-wear stores increased 43%. The findings are based on credit and debit card transactions tracked by Moneris for February 21st to March 7th. The annual “March Break” also had a significant impact on the Quebec travel industry:spending at car rental agencies jumped 19%; business at gas and convenience service stations increased 5%; and hotel bookings rose 4%. Other retail categories that experienced a significant increase in their business during March Break include: book stores up 14%; photofinishing labs up 12%; hardware stores up 12%; furniture stores up 10%; music stores up 6%; cosmetic stores up 6%; and, the retail category as a whole increased 4%.

Details

Capital One Terminates an Outsourcer in India

London-based Amicus reported this week that Capital One terminated its telemarketing contract with Wipro Spectramind, India’s largest call center operator, after the staff offered US customers unauthorized credit limits. Capital One indicated there were problems with one vendor over its standards. The Financial Times reported that 30 employees were terminated as a result of the contract breach. About 600 Wipro Spectramind employees were reportedly involved with the Capital One contract. Amicus says the move by Capital One is the latest in a line of companies with outsourcing problems. Other include Littlewoods, Dell and Lehman Bros. Amicus says there are increasing fears around the safety of data being processed in India after the Evening Standard reported that criminal gangs are bribing Indian staff with a years wage to steal credit data from UK customers. Amicus says several unions have come recently together to launch an independent commission of inquiry into offshoring work in the financial services sector.

Details