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February 04, 2005

Spitzer Sues Simon Property Group Over Gift Card Fees

New York State Attorney General Elliot Spitzer has announced that his office has filed a lawsuit against shopping mall operator Simon Property Group alleging that fees on its Simon Giftcard violate a recently enacted state law.

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Chase Adds POS Discounts to New AARP Visa Credit Card

Chase and AARP have announced a new combined credit/membership card that they claim is the first of its kind to provide automatic discounts at the point of sale for AARP members.

Fiserv to Provide Check Processing for Three of Australia's Largest Banks

Fiserv has announced that it has signed a 12-year $460 million agreement with Commonwealth Bank, National Australia Bank, and Westpac to provide check processing and image archive services through a utility called Vipro Pty Ltd.

Fiserv will supply Vipro with proof-of-deposit, image capture, locked box processing, image archive services and capture-related exception processing to help the banks reduce costs, gain economies of scale and secure new technological capabilities.

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