CO-OP ATMs

American Airlines Federal Credit Union has been awarded a five-year ATM contract for Los Angeles International Airport, Ontario International Airport and Van Nuys Transportation Terminal. The credit union has also reached an agreement on a joint operating, branding and marketing effort for these ATMs with Western Federal Credit Union and CO-OP Network. The ATMs will be surcharge-free to the 11 million credit union members carrying ATM cards with the CO-OP Network logo. Initially, the AAFCU/WFCU/CO-OP partnership will deploy 26 ATMs at LAX, five at Ontario and one at Van Nuys beginning January 1st. The CO-OP Network offers access to nearly 15,000 surcharge-free ATMs across the country. Ft. Worth, TX-based American Airlines FCU has more than $3.8 billion in assets and is the seventh largest credit union in the USA. Western FCU is based in Los Angeles with 57,000 members and $465 million assets.

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VISA Meetings

VISA International has confirmed that all six VISA regions and Visa International will hold their Board meetings in Beijing next June. The news follows VISA’s recent announcement of its renewal of Olympic sponsorship through to the 2012 Games. According to last week’s “The RAM Report” ([www.ramreport.com][1]), VISA is working closely with China UnionPay to accelerate the creation of an international standard payment infrastructure following World Trade Organization accession and ahead of the 2008 Beijing “Summer Olympic Games.” VISA International also reported this morning that retail sales volume in Asia-Pacific hit US$175 billion through the third quarter of this year, up 26%. For the third quarter, retail sales volume in Asia-Pacific reached US$61 billion, up 18% from the same quarter a year earlier but down from 30% from the second quarter. VISA also noted that approximately 5% of its transactions in Asia Pacific are now conducted online, up from 3% several months ago. (CF Library 11/12/02)

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

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St. Jude VISA

Bank One has teamed with St. Jude Children’s Research Hospital to launch the “St. Jude Children’s Research Hospital VISA” card. Like the typical affinity card program, Bank One will make a direct contribution to support the hospital based on cardholder transactions. The new card will carry a six-month 0% APR. The card will be available in mid-December and will offer a choice of card designs featuring either St. Jude patients or the hospital itself.

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EBPP Loyalty

Affluent consumers using electronic bill presentment & payment services are 50% less likely to leave their financial institution than non-EBPP users according to new consumer research report. Collective Dynamics, working closely with Charter Members CheckFree, U.S. Bank and Visa, says it also found that 65% of consumers get their service from a bank, and 30% use a portal. At the upper income level of $80,000 or more per year, EBPP users outnumber non-users two-to-one. The study also found that 76% of the EBPP users visit their financial institution’s Web site at least weekly while only 40% of the non-EBPP users visit the Web site as often.

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INFINET & MONERIS

Toronto-based Moneris Solutions and infiNET Solutions announced an
alliance agreement to begin providing Moneris credit card payment services
through the “QuikPAY” subscription service. “QuikPAY” provides colleges and
universities with the ability to aggregate all of their transactions
through a central billing and payment service. Services include eBill,
paper bill fulfillment, eCheck payments, credit and debit card services for
Internet, phone and in-person transactions, campus card refresh, cashiering
solutions and reconciliation reporting across the enterprise, along with
sophisticated content management and distributed administration, which
serves every departmental merchant within the institution. Used on over 50
campuses throughout the US, “QuikPAY” is the pre-eminent billing, payment
and commerce service for colleges and universities today.

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AMEX & AA

American Express and American Airlines announced they have agreed
to provide American Express
Corporate Travel customers in North America with access to all publicly
available American Airlines fares, including Web fares. This collaboration
will create a new distribution model that delivers lower airfares to American
Express’ corporate customers. It will also lower distribution costs for
American Airlines. The companies expect to launch the program in first quarter
2003. Through an enhancement to its proprietary technology, “TravelBahn”,
American Express has created a new business model to help American Airlines
reduce its distribution costs. American Express Corporate Travel customers
will automatically gain full access to all American Airlines public fares,
including those found on AA.com and other low-cost distribution channels.

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Oberthur & Thales

Thales and Oberthur Card Systems are joining forces to develop smart card-based technologies and solutions for financial services, identification/government, and physical/network security. The partnership will bring together Oberthur Card Systems’ expertise in smart card technologies, peripherals and mass personalization solutions with Thales’ global security offerings in the networking and communications, transaction and payment, and enterprise and ID markets. With its exclusive transaction security products, EMV payment terminals and associated products, Thales holds a unique global leadership position in the provision of the security cornerstones for EMV. Oberthur Card Systems is the number one supplier of banking cards and has a worldwide capability with industrial facilities and personalization centers. Combining these strengths, Thales and Oberthur will deliver a smooth migration to EMV, full interoperability and secure, end-to-end solutions for standard and value-added services.

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M-COMMERCE

An industry conference in London revealed that the ideal target for
m-payments is the youth market (15-24 years old). However, Vodafone said
62,000 mobile phones were left in London taxis in the last six months or an
average of three per taxi. Use of m-payments will run the gambit from
digital goods, parking and ticketing, to subscriptions etc. Ease of use is
the key (m-wallet to enable one click pay) according to Vodafone. Some
banks have had limited success with m-payments thus far, such as ING
Postbank (Netherlands) with 200,000 active accounts, according to Macalla
software that was involved in the project. M- commerce transactions have a
way to go was the conclusion reached by the conference. The conference said
they felt SMS may be the perfect “electronic receipt” on most European
phones but it was hardly utilized in the beginning. For m-payments to be
utilized on a large scale, if at all, estimates ranged from 3 to 6 years
and some said 5 to 10 before it takes off.

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PocketChange

Wirca announced the launch of the “PocketChange” payments solution for the Aloha Technologies POS platform. “PocketChange” is based on Wirca’s revolutionary mobile payment technology that allows a consumer with any mobile phone to complete purchases in retail stores and restaurants as well as from vending machines. It also allows a consumer to make a person-to-person cash transfer. “PocketChange’s” mobile payment interface for the Aloha Technologies POS terminal is a software-only solution that easily integrates into the merchant’s existing system.

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PASS PRIVILEGE

Grupo Uno has licensed “Pass Privilege’s” consumer loyalty
technology platform. “AwardTrack” will be part of Grupo Uno’s
“MultiPremios” consumer loyalty program. Grupo Uno is the largest consumer
credit provider in Central America and Panama. Using a credit card
technology platform; which presently serves more than 600,000 clients in
the region, issuing VISA and MasterCard products throughout their regional
bank network (Banco Uno) and their Issuance /Acquiring Business (Aval
Card). Grupo Uno has consolidated some of the most successful alliances in
the region with important players such as Grupo TACA,
Grupo Real (Intercontinental Hotels), COPA / CONTINENTAL, PRICESMART, AVIS
Rent-a-Car and others to provide their clients with the best credit card
products and benefits in the region. Currently Grupo Uno runs the most
successful loyalty program (“MultiPremios”) in Central America. The
program serves more than 300,000 active clients and awards more than 55
million “MultiPremios” miles a month.

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GMR Expands

WI-based GMR Marketing, which handles VISA USA’s sponsorship, sports marketing and hospitality business, has added General Manager responsibilities to Jill Gregory’s role as VP/Client Services; promoted Todd Marble to VP/Client Services; and has hired Rick Hall, formerly Group Manager/Corporate Sports Marketing for Sprint, as Director-Field Operations. Gregory joined GMR in 2000 as Vice President of Client Services where her primary responsibility was managing GMR’s Visa USA business. The San Francisco office manages all of Visa USA’s sponsorship, sports marketing and hospitality business and is responsible for evaluating sponsorship effectiveness.

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CompuCredit CIO

Atlanta-based CompuCredit has hired Guido Sacchi, formerly of Deloitte Consulting, as CIO. Mr. Sacchi most recently served as Senior Manager at Deloitte Consulting. Prior to that position, he was a Manager in the operations consulting division at PricewaterhouseCoopers. Mr. Sacchi’s background includes 13 years of international experience across industries, degrees in engineering from the University of Rome (Italy), and appointments at the Massachusetts Institute of Technology.

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