MeGA Pay Card

Comdata has launched the Movie Gallery “MeGA Pay” card, a card-based payroll product to replace paper payroll checks for all Movie Gallery store associates nationwide. Movie Gallery is the third largest video specialty U.S. retailer with over 1,462 stores, and 11,000 associates in 41 states. Introduced in 1994, the Comdata payroll product enables employees with or without banking relationships to receive payroll and other company-provided funds on their own secure, personal MasterCard payroll card. More than 500,000 employees currently receive payroll and other funds via the Comdata card. Two weeks ago Comdata announced the launch of the “Sears PayCard.” (CF Library 7/17/02)

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AMEX CARD HEAD

American Express has named Beth Horowitz to the position of Regional President and General Manager for Amex Canada Inc. and President & CEO, Amex Bank of Canada. She will head the Canada Executive Team and directly manage the Canadian Consumer Card and Small Business Services. Most recently, Ms. Horowitz was SVP, Product Development for International Consumer Card Services, based in London. Previous positions included heading Product Management and Marketing for American Express Bank; VP/Quality and Reengineering; and VP/Business Strategy for the company’s Global Network Services business. Ms. Horowitz will be based in Markham and will report to Vijay Parekh, President, International Consumer and Small Business Payments and Financial Services for American Express.

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Metavante Acquisition

Metavante Corporation announced this morning the signing of a definitive agreement to acquire the assets of Spectrum EBP. Spectrum is a privately held, Atlanta-based company that was founded in 1999 by J.P. Morgan Chase, Wachovia, created by the September 1, 2001 merger between Wachovia Corporation and First Union, and Wells Fargo. Metavante has existing bill payment contracts with the three founding member banks of Spectrum, as announced in August 2000. Including the three founders, 24 financial institutions currently belong to the Spectrum network or have signed letters of intent to participate in the network. This is the second electronic presentment and payment acquisition the company has made in July. In early July, Metavante announced its plans to acquire the assets of Paytrust. (CF Library 7/2/02)

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PAYSYS PRESENCE

First Data’s PaySys International subsidiary has opened a São Paulo-area office. The new office was formed through the acquisition of select assets, including client contracts and staff, from Alit do Brasil, Ltda., which provided VisionPLUS programming support in Brazil. The office will have a local staff of 60 employees to provide VisionPLUS card transaction processing software support and to represent the entire global suite of card and merchant processing and payment services offered by First Data. First Data also named Gil de Paula Xavier Moro as VP/GM of the Latin America region responsible for business development and daily operations of the new office as well as the company’s San Jose, Costa Rica location. Moro previously worked for Banco Meridional/Bonzano, Simonsen and American Express Brazil.

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>$1 SMART CARDS

Colorado-based CPI Card Group is manufacturing and now offering a $0.99 single application VISA smart card for card issuers which uses chips from STMicroelectronics. The ST chip being used in this card is a mainline product used by several major card manufacturers. It will have a fully compliant VSDC application, based on the VIS 1.3.2 specification and will be EMV 3.1.1. The new card is a “Visa Smart Debit / Credit” “VSDC” card delivered for an affordable price through VISA’s low cost smart card program.

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AmEx Golf

American Express has renewed its multi-year sponsorship agreement with the International Federation of PGA Tours and will remain an umbrella sponsor of the World Golf Championships. Over the course of its sponsorship, American Express has been able to offer special access to tickets and on-site benefits and services for Cardmembers including: golf exhibitions hosted by Tiger Woods, on-site hospitality area with interactive practice putting greens and other activities, Concierge and Travel Services site for tournament information, restaurant reservations assistance, sightseeing arrangements and other customer service assistance.

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InsideAccess

Metris Companies has “InsideAccess.” The new enhancement service provides its members with constantly updated sports and entertainment offers, including ticket discounts, special events and dining gift certificates. Specific “InsideAccess” benefits include discounted tickets to sporting events; discounts on touring theater productions, live concerts, comedy shows and local festivals; discounted dining certificates for many national restaurants; special savings at a variety of online retailers; discounts on movie tickets, video and DVD rentals, and magazine subscriptions; discounted tickets to amusement and theme parks; access to specially designed members-only events; and monthly e-mail updates on the latest discounts and offers. During the second quarter, Metris enhancement services revenues increased to $95.6 million, a 15% increase over 2Q/01 revenue of $82.9 million. In the second quarter, Metris added over 730,000 new enhancement relationships, resulting in active enhancement services memberships of 5.5 million. (CF Library 7/18/02)

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Visible Executive

New Zealand-based Visible Results announced that Gerald Lewis, the veteran retail and consumer marketing consultant, has resigned as Chairman of Visible Results USA to provide management level consulting to a limited number of U.S. and international companies in the retailing and consumer goods marketing fields. Mr. Lewis joined the Visible Results in May 2001, to guide the introduction of the patented “Visible Results GraphiCard” loyalty technology into the U.S. retailing, food service and hospitality markets. A total of three million individuals worldwide hold loyalty program membership cards based on Visible Results’ “GraphiCard” technology and CRM infrastructure. Transactions completed through all programs total a collective 1.6 million monthly, while worldwide spend through programs has reached US$21 million monthly.

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JCB EURO-CONEX

JCB International has entered into an agreement with euroConex to add and integrate the JCB card to the euroConex suite, thereby expanding JCB’s merchant businesses in the Republic of Ireland and the United Kingdom. All merchants who currently have their acquiring business with euroConex will be given the opportunity to accept JCB cards in early autumn and new merchants will be automatically offered JCB card acquiring as part of the standard euroConex suite of cards offering. JCB has a significant presence in the hotel and travel sectors in which euroConex offers extensive coverage. euroConex is an Irish-headquartered card payment processing solutions provider, established by Bank of Ireland and the US-based NOVA EuroConex Holdings, now a wholly owned subsidiary of U.S. Bancorp.

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Household Resonates

Household International has selected Resonate Commander Solutions to provide enhanced end-user experience for its business-critical applications. Household joins many leading financial services organizations that rely on Resonate solutions to manage and provide performance and availability of IP-based applications. More than 1300 financial services institutions benefit from Resonate technology including Bank of America, Barclays Bank, Bank Of Montreal, Bank of Tokyo, Charles Schwab, Chase Manhattan Corp., CIBC, Citibank, E*TRADE, Fidelity, GE Capital, Lehman Brothers, Nextcard, Southwest Securities, Standard & Poors and TraderForce.

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