For the fourth year in a row, Capital One ranked in Fortune’s listing of the “100 Best Companies to Work for in America.” Capital One ranks 32 and is the top Virginia-based company. Capital One is also recognized as one of the top “25 Best Places to Work for Women”, according to the listing. Fortune culled 279 companies as the most viable candidates for this list. Two-thirds of the score is based on survey responses from randomly chosen Capital One associates. That survey is designed to evaluate trust in management, pride in work and camaraderie. Capital One employs more than 20,000 associates worldwide.Details
Fujitsu Transaction Solutions Inc. announced that it has signed an agreement with The TJX Companies, Inc. for Fujitsu to become TJX’s single supplier of point-of-sale terminals for its worldwide family of more than 1,600 off-price apparel and home fashions stores.
The three-year agreement calls for Fujitsu to replace Marshalls and other TJX stores’ POS hardware with 12,000 Fujitsu TeamPoS 2000 terminals. Fujitsu will also provide POS infrastructure management services which include wiring and rollout. Value of the agreement was not disclosed.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the United States and worldwide. Fujitsu will supply POS terminals for the company’s 582 Marshalls, 688 T.J. Maxx, 112 HomeGoods and 45 A.J. Wright stores in the United States; 131 Winners and 7 HomeSense stores in Canada; and in Europe, 101 T.K. Maxx stores. Fujitsu will also supply POS terminals for as many as 600 new stores as TJX expands over the next three years.
“A key strength of The TJX Companies is our ability to leverage the synergies of our various businesses,” said Arnold Barron, chief operating officer of The Marmaxx Group and senior vice president of TJX. “This leverage allows us to maintain a low operating cost structure and continue to pass great savings on to our customers. By selecting Fujitsu as our single POS vendor, we have capitalized on this leverage.”
Austen Mulinder, president and chief executive officer of Fujitsu Transaction Solutions, said, “Fujitsu has been a trusted vendor to TJX for more than 13 years. We are delighted to extend this relationship to the Marshalls chain. Their decision to extend our partnership to develop a unified environment will help The TJX Companies lower their total cost of IT ownership through greater efficiencies while fulfilling their expansion goals.”
About The TJX Companies
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates 688 T.J. Maxx, 582 Marshalls, 112 HomeGoods and 45 A.J. Wright stores in the United States. In Canada, the company operates 131 Winners and 7 HomeSense stores, and in Europe, 101 T.K. Maxx stores. TJX’s press releases and financial information are also available on the Internet at [http://www.tjx.com]. Marshalls is the nation’s second largest off-price retailer and was acquired by TJX in 1995. Marshalls offers brand name family apparel, giftware, domestics and accessories. In addition, Marshalls offers shoes for the entire family and a broader assortment of menswear than does T.J. Maxx, all at excellent values. The Marshalls chain continues to add stores to its base. At the end of 2000, Marshalls operated 535 stores, with an average store size of 31,000 square feet.
About Fujitsu Transaction Solutions Inc.
Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company is a total lifecycle solutions supplier for North American retailers and financial services providers. Fujitsu optimizes the customer’s technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller machines (ATMs) and infrastructure services, including asset management. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response rollouts. It serves customers such as Allfirst Financial, Albertson’s, Nordstrom, Recreational Equipment Inc. (REI), Safeway, Staples and U.S. Bank, among others.
Tidel Technologies, Inc. announced that James T. Rash, its Chairman, CEO and CFO, has taken a leave of absence for personal health reasons. The Board of Directors has appointed Mark K. Levenick, COO of Tidel, to the position of Interim CEO. The Company’s Audit Committee, chaired by Raymond P. Landry, will provide additional oversight for various financial responsibilities during Mr. Rash’s absence.
Tidel Technologies, Inc. is a manufacturer of automated teller machines and cash security equipment designed for specialty retail marketers. To date, Tidel has sold more than 30,000 retail ATMs and 115,000 retail cash controllers in the U.S. and 36 other countries. More information about the company and its products may be found on the Internet at [www.tidel.com].
Banco Dominicano del Progreso said today it has converted 146,000 VISA, MasterCard, and private label accounts to Certegy for transaction processing. Certegy will convert Progreso’s American Express portfolio later this year, according to The RAM Report. Certegy will provide transaction processing, including authorization and posting for card issuance, and will also manage merchant transaction processing with the American Express conversion. Both the card and merchant processing will be managed at Certegy’s St. Petersburg, Florida processing center. Banco del Progreso will continue to perform customer service and production functions.Details
MasterCard has named Sonny Sannon as regional president for Middle East/Africa, according to [The RAM Report]. Sannon is replacing Donald Van Stone, who is retiring. As regional president, Van Stone relocated MasterCard’s MEA regional headquarters from Brussels to Dubai Internet City. Sannon, a 15-year veteran of MasterCard, had been SVP and GM for the Southeast Asia and South Asia regions of MasterCard International’s Asia/Pacific region. Prior to joining MasterCard, he spent nine years at American Express, including serving as general manager for Travel-Related Services for India and area countries.
Global Payment Technologies, Inc., a leading manufacturer and innovator of
acceptance systems used in the worldwide gaming, beverage, and vending
industries, today announced that it has acquired the remaining 30% of its
London sales and service office, Global Payment Technologies (Europe) Limited.
Effective October 1, 2001, GPT owns 100% of the operations which serve the
Thomas McNeill, GPT Vice President and CFO, stated, “Considering the
substantial growth generated this past year by our European affiliate, and Mr.
Dunn’s critical role in this success, we have promoted him to European Sales
Manager, relieved him of his administrative burdens and rewarded him with a
multi-year employment contract. This move will allow him to work more closely
with existing customers and on the development of new business.” The
acquisition was accomplished by purchasing the stock from Robert Dunn for an
undisclosed amount. Mr. McNeill concluded, “We are very pleased with the
results and accomplishments of Mr. Dunn and his group, and anticipate
growth in 2002.”
Global Payment Technologies, Inc. is a United States-based designer,
manufacturer, and marketer of automated currency acceptance and validation
systems used to receive and authenticate currencies in a variety of payment
applications worldwide. GPT’s proprietary and patented technologies are among
the most advanced in the industry. Please visit the GPT web site for more
information at http://www.gpt.com.
MagTek’s IntelliPIN technology recently enabled Navy Federal, the world’s largest credit union, to update their member verification process.
Now credit union members can securely and conveniently swipe their ATM cards or check cards and enter PINs directly at the teller window. The new verification process saves time and provides additional security when identifying members at the teller window.
MagTek’s IntelliPIN verifies PINs and allows tellers immediate access to member information for smoother transactions and faster member service. IntelliPIN can also capture information from the magnetic stripe on a driver’s license or other ID card to make any personal identification process more reliable and efficient, although Navy Federal does not use this feature as part of its member identification process.
IntelliPIN supports both standard DES encryption algorithms as well as newer triple DEA, which encrypts input data three times using a double key method. Encryption experts estimate that it would take 197 billion years to decrypt data encrypted with this multiple algorithm.
In the U.S. and overseas many financial institutions take advantage of IntelliPIN’s portable and non-portable configurations to provide user-friendly solutions both at the new accounts desk for member PIN selection and at the teller window for cardholder verification.
“MagTek has made this an extremely smooth implementation process,” reports Carol Shapiro, VP of Projects at Navy Federal Credit Union. “More than 550 MagTek IntelliPINs are now installed in nearly all of our 93 Member Service Centers in the United States and overseas. We are very pleased with their performance, and our members and tellers appreciate the speed and convenience MagTek provides when doing transactions at the teller window,” Shapiro says.
About Navy Federal
Navy Federal ([www.navyfcu.org]) is the world’s largest credit union, with more than $15 billion in assets and 2.1 million members worldwide. The credit union serves most military and civilian personnel of the Navy and Marine Corps and their families. Headquartered in Vienna, Virginia, Navy Federal operates 93 member service centers and 250 proprietary “No Surcharge” ATMs worldwide.
MagTek, Incorporated is a global leader in secure member PIN selection and cardholder verification products. MagTek is the world’s largest supplier of magnetic stripe card-reading solutions and is also a leading provider of check reading solutions. Founded in 1972 and headquartered in Carson, California USA, the company employs more than 250 people with representation in over 40 countries worldwide. MagTek is a privately held corporation. Visit our web site at: [www.magtek.com].
Advanta Corporation announced that Chairman and Chief Executive Officer Dennis Alter has given up his entire salary and annual bonuses for 2002 through 2004 in exchange for stock options. Mr. Alter will receive instead options on 1,500,000 Class B shares. The options were priced at market on the dates of grant and will vest incrementally over the next three years, beginning in late February 2003. Advanta is a highly focused financial services company which has been providing innovative financial solutions since 1951. Advanta leverages its first-class direct marketing and information based expertise to develop state-of-the-art data warehousing and statistical modeling tools that identify potential customers and new target markets. It has used these distinctive capabilities to become one of the nation’s largest issuers of MasterCard business credit cards to small businesses. Learn more about Advanta at [www.advanta.com].
In a move that will ensure price
consistency from shelf to checkout, Netherlands-based Hoogvliet Supermarkets
announced it is deploying electronic shelf labels (ESLs) from NCR
Corporation throughout its 34-store chain.
ESLs are digital tags that attach to shelves or other store fixtures.
They display the price of merchandise or food items in large, clear characters
and provide other information to shoppers or store personnel. Price
discrepancies between shelf and checkout are eliminated because the NCR
RealPrice wireless ESL solution is linked to the same computer file used
by the store’s point-of-sale system.
“Thanks to the lower cost of NCR RealPrice, retailers can now realize a
return on investment of 12 to 18 months with ESLs,” said Pete Bartolotta, vice
president and general manager, NCR RealPrice. “ESLs eliminate the cost of
replacing paper labels as prices change, help improve inventory and
replenishment operations and allow stores to respond to competitive pricing
pressures by implementing price changes or launching sales on short notice.”
NCR recently introduced the NCR RealPrice brand to more clearly convey the
benefits unique to ESLs.
“As retailers adopt this and other new retail technologies, it is critical
to link the real operational challenges they face with real, measurable
solutions,” Bartolotta said. “The name, NCR RealPrice, clearly and simply
illustrates the product’s most distinct advantage.”
Known for its discount pricing and emphasis on customer service, Hoogvliet
began installing NCR RealPrice in September 2001 and expects to have
approximately 5,500 labels in each store by the end of this month. In
addition to ESL hardware and software, NCR is providing project planning,
infrastructure installation, label overlays and maintenance, including remote
Beyond pricing accuracy, the NCR digital displays will enable Hoogvliet
customers to easily compare the price of an item in euros with the price in
“The new shelf labels helped us and our shoppers make a smooth transition
to the new currency,” said M.W. Pietersma, managing director for Hoogvliet.
“Beyond this important immediate benefit, NCR’s ESL solution is improving
operational efficiency so we can continue offering the lowest possible
“NCR RealPrice can help ease consumer anxiety about pricing
discrepancies,” Bartolotta said. “Moreover, the ability of ESLs to display
supportive text messages along with pricing information greatly supports the
retailer’s aim to increase service levels at the point of decision – the
About Hoogvliet Supermarkets BV
Founded in 1968, Hoogvliet was one of the first retailers to introduce the
Netherlands to the “cash & carry” supermarket concept – offering a wide
assortment of groceries, produce, fresh baked goods and other items at
discount prices. “The customer is king” at Hoogvliet, where attentive staff,
quality products, modern facilities and the effective use of technology help
make shopping a pleasure. A family-owned company headquartered in Alphen aan
den Rijn, Hoogvliet today operates 34 stores located in the central part of
the country. Visit Hoogvliet on the Web at
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 31,400 in
more than 100 countries, and is a component stock of the Standard & Poor’s 500
Index. More information about NCR and its solutions may be found at
The merger of two of the electronic funds transfer industry’s most prominent networks has been completed, according to officials from the PULSE EFT Association and TYME Corporation. The merger was approved by an affirmative vote of more than 95% of TYME’s outstanding shares, and all TYME participants signed PULSE membership agreements. The combined system further solidifies PULSE’s status as one of the leading independent financial industry owned and controlled providers of automated teller machine and point-of-sale processing services.
“This merger is especially significant in light of industry developments that have removed a large portion of the nation’s EFT infrastructure from the stewardship of financial institutions,” said PULSE president and CEO Stan Paur. “The consolidation of the two networks is a natural in light of the mutual ownership structure and the similar operating philosophies.”
TYME president Jim Martin, who will remain head of PULSE’s Wisconsin operations, said the merger offers important strategic benefits to TYME members.
“We felt it was important to our members and to cardholders that TYME be aligned with an organization owned and controlled by the financial industry,” he said.
“Not only does PULSE embody that principle, but it also is widely recognized as an industry innovator and leader. We are very comfortable and confident in joining forces with PULSE for the future.”
Paur noted that PULSE patterned its business philosophy and infrastructure after TYME, which was organized in 1975 and was the first shared EFT network in the country. He said consumers will continue to see the familiar TYME logo on ATMs and at POS terminals, now appearing alongside the PULSE brand. TYME cardholders should notice no changes in the services they have come to count on and to respect but will gain the benefit of access to more ATMs and POS locations.
Following the merger, PULSE membership now includes 3,500 banks, credit unions and savings and loans throughout a 22-state primary service area stretching from the Canadian border to the Gulf of Mexico. PULSE links an estimated 70 million cardholders with more than 83,000 PULSE-branded ATMs and 350,000 POS merchant locations throughout the United States. The network expects to process more than one billion transactions in 2002. In recent years PULSE has become known as a valued resource for consumer research related to EFT services and an effective national voice on public policy issues relevant to the financial services industry.
Completion of the TYME merger represents the second expansion of the network over the past 12 months. PULSE acquired the Ohio-based Money Station network last January.Details