San Jose Mercury News columnist Mike Cassidy writes about his own (and others) recent experience with a gift card purchase where the card was not recognized as valid when his wife attempted to redeem it.
Google has introduced Google Checkout Trends, a tool that allows anyone to get some insight into what Google Checkout merchants are selling - by item - online. According to Google, "Google Checkout Trends aggregates the sales data of Google Checkout merchants and charts it in a matter of seconds. (Of course, all the data is anonymized first.)"
Wachovia has announced a new program, Way2Save, that is says will help American consumers by making it easy and automatic to save money. According to the bank, "Way2Save encourages customers to save by transferring $1 from their checking account into a new special savings account each time they make a Check Card purchase or an electronic payment."
Glenbrook's Linda Elliott and Carol Coye Benson will be hosting a new Glenbrook Special Focus Payments Workshop on "Card Payment Processing: The Value Chain" on February 21st, in Santa Clara, California. This workshop will provide a "dive deep" into exactly who does what in the payment card processing value chain.
Vesdia Corporation, a provider of loyalty marketing services, has announced the launch of four new Visa credit cards to support its leading reward programs: BabyMint, NestEggz, Stockback and FundraiserRewards. According to the company, these new cards, launched in partnership with MXT Card Services, provide consumers with additional earning opportunities in the rewards currencies that matter most to them.
Chockstone has announced that in 2007 it processed $1.1 billion of volume across its gift card programs, its integrated gift and loyalty programs, and its credit card gateway services, representing a growth rate of 169 percent over 2006’s volume of $395 million.
Chase Card Services and Office Depot have announced the new Office Depot Worklife Rewards Visa Signature Card for both business owners and consumers.
Jessica Silver-Greenberg writes for Business Week that "rates of delinquency for credit-card holders rose in November, according to a study by RiskMetrics Group, a financial research organization" - with the pace of deterioration increasing from prior months.
Metavante Technologies has announced the acquisition of London-based Nomad Payments Limited, a provider of prepaid and debit card processing and licensed software. The purchase price was approximately $58 million. Nomad will now operate as Metavante Technologies Limited, part of the Metavante International Group.
Solidus Networks Inc., doing business as Pay By Touch, has announced a new Board of Directors: Art Petrie, Chairman; Eula Adams, John Morris, John Rogers, and Robert Sigler. According to the company, "the new Board is overseeing the structuring of a new executive team. Tom Lumsden serves as Chief Restructuring Officer, directing activities at Solidus Networks. Eula Adams continues as COO, Robert Sigler continues as CFO, and John Rogers, founder of the Company, now functions in a non-employee director role only."
First Hawaiian Bank has announced it has begun issuing MasterCard PayPass contactless debit cards provided by Giesecke & Devrient. "The Bank’s Priority Rewards MasterCard PayPass debit cards, powered by INSIDE Contactless’ MicroPass intelligent hardware technology, enhance the Bank’s traditional card offering and offer a secure and convenient payment method. G&D has delivered the contactless debit cards, as well as traditional magnetic stripe credit and debit cards, for First Hawaiian Bank card programs."
It's a New Year - and payments companies are hiring! If you're looking for a new opportunity, be sure to visit PaymentsJobs.com. There you'll find payments-related career opportunities for payments professionals - including just posted listings from Expedia, Visa Inc., Skylight Financial, Gilbarco, Danal, CPNI, and more. There's even a new listing for an East Coast-based senior associate for us, Glenbrook Partners. And, If you're looking to hire payments professionals, be sure to post your current job openings on PaymentsJobs.com.
Intuit has announced the availability of Quicken Online – calling it "a new Web-based service that makes it easy for people to instantly see how much money they have coming in, how much they are spending, and what’s left at the end of the month." In terms of mobile banking features, Quicken Online includes an interface optimized for the Apple iPhone along with alerts sent via SMS, etc.
In a press release this morning, Chase discusses its new marketing campaign - scheduled to debut this Sunday. According to the bank, the campaign "will shine a laser-like focus on What Matters to customers, alerting them to the ways Chase can help them manage their money and their lives."
The Federal Reserve's latest G.19 Consumer Credit report earlier today that revolving credit increased at an annual rate of 11-1/4 percent in November 2007, a significant uptick from months earlier in 2007.
PSCU Financial Services has announced that it is adopting mFoundry’s mobile financial platform to deliver mobile banking and payment services to credit unions and their membership beginning in the second quarter of 2008.
MasterCard Worldwide has announced that "The Paradies Shops, the nation's leading airport concessionaire, expects to accept MasterCard PayPass contactless payment transactions at its more than 500 retail store locations throughout the U.S. and Canada by late 2008."
Capital One has announced the addition of a new “personalized image” feature for its customers. All Capital One consumer credit card customers now have the option to visit the Capital One web site and upload their own photo images – family, friends, pets, or a favorite picture – to be printed on their card, at no cost.
Fiserv and Viewpointe have announced that Fiserv will use the Viewpointe archive to expand its current image storage offerings to its 1,600 check processing clients. According to Viewpointe, "as an archive user, Fiserv joins several of the nation's largest financial institutions in having access to the most robust common archive in the industry. Fiserv will continue to use its current image archive for delivery of products such as image statements, CD/ROMs and DVDs."
MasterCard Europe and Europay France have announced an agreement to
integrate their operating structures in France to support French banks' efforts to
provide competitive payment services.
ClairMail has introduced the ClairMail Event Engine, which handles 2-way actionable alerts for mobile banking and payments that enables financial institution customers to easily define and receive real-time 2-way mobile alerts for improved account management, heightened fraud prevention and innovative mobile payments.
Global Payments has announced the introduction of a what it is calling a "next generation payment processing platform, Global Transport," saying it "was designed with a uniform application programming interface supported by multiple communications options to simplify and speed integration to the merchant’s payment acceptance environment for debit, credit, and EBT transaction processing."