ATM CENTER

NCR has opened an ATM channel management center in Bombay. The new 5,000 square-foot facility can support a full range of financial self-service solutions and network management. The center currently provides a range of managed services to State Bank of India and Corporation Bank. The center has the capacity to manage more than 6,000 ATMs. NCR has a strong field presence throughout India, where the company offers a number of ATM-related services, including ATM monitoring and incident management, remote management of all customer financial self-service network infrastructure equipment, help-desk support, remote software distribution, around-the-clock maintenance and replenishment of ATM receipt rolls and other consumables.

Details

LendingTree Points

LendingTree has signed an agreement with the American Express Membership Rewards program. Program enrollees can earn bonus points when they buy or sell their home via a special, co-branded LendingTree Realty Services Web site. The special site will enable American Express Membership Rewards enrollees who complete a real estate transaction the opportunity to obtain 2,000 bonus points for every $10,000 of a home’s sale or purchase price. LendingTree Realty Services provides consumers with an avenue to connect with a nationwide network of approximately 7,000 real estate professionals.

Details

Cyberscam

A U.S. District Court has shut down the perpetrator of an Internet scheme that employed more than 5,500 copycat Web addresses to divert surfers from their intended Internet destinations. The court permanently barred the defendant from diverting or obstructing consumers on the Internet and from launching Web sites or Web pages that belong to unrelated third parties. The court also has barred the defendant from participating in advertising affiliate programs on the Internet, and has ordered the defendant to give up more than $1.8 million in ill-gotten gains.

Details

Smart Card Leader

Gartner Dataquest’s report on “Worldwide Chip Card Market Share, 2001: Card Vendors and Semiconductor Vendors” says SchlumbergerSema shipped 198 million smart cards last year, accounting for 29% of the world’s total shipments. The Gartner report found that worldwide smart card shipments reached 685.4 million units in 2001, up 10.4% over 2000. The study defines smart cards as microprocessor chip cards, as opposed to memory chip cards and magnetic stripe cards.

Details

SEARS CARD

Sears Canada has launched a new electronic Sears Gift Card which replaces the traditional gift certificates that Sears offered for almost 50 years.
The credit card size Sears Gift Card can be purchased at any of Sears 125 department stores, 37 Sears Furniture and Appliances stores, 134 Sears Dealer
stores, 17 Sears Outlet stores, or online. Sears Gift Cards can be purchased for any value between $10 and $500. The Card is valid for two years from time of purchase.

Details

Debit Incentives

U.S. Bank has launched a VISA Check Card promotion offering the chance to win $100 every day for an entire year. The “Everyday Extras” promotion is for signature-only or off-line debit purchases. The promotion will run through June 30th. The more times U.S. Bank cardholders use their Check Card, the more times they will be automatically entered. Winners will be randomly selected at the end of the promotion. No purchase or obligation necessary to enter or win. For more information, official rules and details on non-purchase entries visit [visa.com/everydayextras][1].

[1]: http://visa.com/everydayextras

Details

HealthCard

Alliance HealthCard has signed a renewable three-year contract with State Farm Mutual Automobile Insurance Company to offer a health savings card to be called the Good Neighbor Advantage Card. State Farm will purchase the savings cards directly from Alliance. The State Farm Good Neighbor Advantage Card will be distributed by Alliance to State Farm’s Medicare supplement policyholders at no cost to them. Alliance and State Farm anticipate that almost 200,000 policyholders will receive the card by year’s end. The Good Neighbor Advantage Card will give these policyholders discounts on their drug purchases within Alliance’s drug store network that exceeds 45,000 stores nationwide.

Details

Verizon Fleet Card

U.S. Bank’s Voyager Fleet Systems has inked a deal with Verizon Communications to provide a fleet fuel credit card purchasing system by the end of this year. Voyager Fleet Systems will capture all of the pertinent details at each transaction including: date, time, location, product type, grade, quantity and costs. The detail is compiled and provided so that the transaction reports can be used to aid in Verizon’s fleet management, and to negotiate discounts where appropriate. The Voyager card is accepted at more than 165,000 retail locations in all 50 states.

Details

V/MC GLOBAL

Worldwide volume for VISA and MasterCard grew 15% last year while the number of transactions rose 18%, and the number of cards-in-force increased by 14%. While volume growth between VISA and MasterCard varied by region, the overall figures showed the same increase. VISA had a 2001 global volume of US$2,141 billion compared to US$1,855 billion for the year 2000. MasterCard racked up US$986 billion in volume last year compared to US$857 the previous year. The number of transactions rose from 35.5 billion to 42.0 billion for VISA and MasterCard combined. The number of MasterCard-branded cards-in-force grew at a faster pace than VISA. MasterCard’s cardbase grew 19% while VISA was up 12%. MasterCard ended 2001 with 519.9 million cards while VISA end the year with 900.5 million. VISA figures do not include Electron or Interlink.

Details

icAcquirer

Omaha-based CSG Systems’ plaNet Consulting this morning launched icAcquirer which combines the Web-based reporting tools and plaNet’s recently-acquired credit card merchant settlement system. The icAcquirer Merchant Accounting solution is designed to enable Web-based transaction processing for the financial payments industry and provide service and fee capabilities that satisfy third-party processing and billing for all merchants. Merchant customers now have the capability to view or download their billing statements and other information through a secured Web environment. The new solution also provides support for all major credit card types and is a processing platform for acquiring organizations in North America, Latin America, the Caribbean, and Europe. Other components of the icAquirer application suite include File Exchange for settlement and conveyance of credit card transactions with major card associations and Internet Merchant Reporting System, to view and produce customer account reports.

Details