NPC & Tully’s

National Processing has signed a multi-year credit card processing agreement with Seattle based Tully’s Coffee Corporation. NPC will provide authorization and settlement services for all MasterCard(R) and VISA(R) transactions accepted at Tully’s store locations. In addition, the new Tully’s Coffee Card(TM) (a stored value gift and convenience card) is being processed through the same POS terminals as credit cards.

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Certegy Settlement

Certegy confirmed yesterday it would take a $4 million charge to cover the costs of settling a lawsuit. The class action lawsuit was filed in California over the Certegy’s business practices involving service charges levied on unpaid checks. The lawsuit, filed in the U.S. District Court for the Eastern District of California, charged that Certegy violated regulatory provisions between 1992 and 1996 and improperly assessed a service charge on unpaid checks. Certegy says the settlement will reduce it third quarter earnings per share by about 3 cents. For complete details on Certegy’s third quarter performance visit CardData ([www.carddata.com][1]).

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

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SFB STV Cards

MI-based Standard Federal Bank is introducing a suite of stored value card solutions for companies including the “Payroll Card,” “Budget Card,” “Cash Card,” “Claim Card” and “Project Card”. The Bank’s Payroll Card gives companies the ability to distribute wages on a payment card versus issuing paper checks, reducing administrative costs and the costs associated with lost and stolen checks. In addition, payroll cards provide employees who do not have bank accounts with a more convenient means of receiving payroll funds.

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QSR Card Lift

VISA says an analysis of 100,000 transactions at restaurants within two different major quick service restaurant brands reveals the average transaction for credit customers was 20% to 30% higher than for cash customers. Visa payment cards and technologies offer improved speed through automated customer activated payment options, such as the technology similar to the “pay at the pump” systems available at gas stations across the United States. Customers can swipe their cards before they even order their food to speed up their experience.

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Valutec & Global Links Corp

United Trading.Com d/b/a Global Links Corp. has inked a deal with Valutec Card Solutions to offer gift and loyalty card programs to merchants. Global Links Corp. (“GLC”) plans to offer a suite of comprehensive electronic products to the retail, restaurant and hospitality industries. Strategic relationships will be developed with the nation’s leading electronic processing platforms.

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$$$ ON THE NET

Shift4 Corporation says it will process in excess of $1.5 billion this year through its “$$$ ON THE NET” ASP. Shift4 is a developer and provider of financial transaction processing software and services with a merchant centric focus. Shift4 was incorporated in 1994 and has a diverse customer base of merchants from many industries including retail, food and beverage, hospitality, MOTO, eCommerce, medical and auto rental.

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PAYWARE CMS 7.0

Trintech Group announced the launch of “PayWare CMS 7.0.” The new software
includes many new features including: EMV chip compliance;
multi-institution issuing/acquiring support; multi-currency
issuing/acquiring support; support for Internet security standards,
including VISA’s “Verified by Visa” and MasterCard’s “SecureCode/UCAF,” and
a configurable fraud detection module.Both Bankart in Slovenia and Tatra
Banka in Slovakia have deployed “PayWare CMS 7.0.”

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Debit Promotion

Commerce Bank announced that it will be giving away $1,000 a day in November and December as part of its “Skip the PIN, Sign and Win” sweepstakes that awards cash prizes to randomly selected sweepstakes entrants with a final grand prize of $25,000 will be awarded at the end of the year. Commerce Bank Visa(R) Check Card, ATM Plus Card, Platinum Check Card, CommerceOptions(SM) Check Card and Business Check Card holders are automatically entered into the contest each time they use their Commerce Check Card and sign for their purchase rather than enter their Personal Identification Number (PIN).

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JCB CARD

Bugis Junction, United Overseas Bank, and JCB International have teamed
to offer the “Bugis Junction JCB Card.” This is the first credit card
program implemented mall-wide in Singapore. It is also the first card to be
personified by a specially-created mascot, “Mizu,” which is a character
inspired by the famous Bugis Junction interactive fountain. Cardholders can
accumulate “Mizu” points on smart card chip to redeem rewards ranging from
exclusive gifts to Seiyu shopping vouchers. Cardholders also enjoy double
“Mizu” points on their birthdays and exclusive birthday treats, including
exclusive room rates at InterContinental Singapore. Every S$10 charged to
the “Bugis Junction JCB Card” by cardholders will earn them 2 “Mizu”
points. The card also offers cardholders savings and discounts at various
participating outlets in Parco Bugis Junction. The discounts range from 3%
to 20%.

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MBNA Nuggets

MBNA has signed affinity credit card deals with the Denver Nuggets of the National Basketball Association and the Colorado Avalanche of the National Hockey League. Cardholders will enjoy no annual fee, the highest credit lines in the industry, low introductory annual percentage rates for cash advances and balance transfers. Earlier this year, MBNA received the endorsement of the National Basketball Association, the Women’s National Basketball Association, the Florida Marlins, and other sports-related organizations.

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