- VeriFone’s PAYware Selected For Hong Kong’s First Ever Gift Card Scheme (June 29, 2007)
VeriFone Holdings, Inc. (NYSE: PAY) today announced that stored value gift card program provider ValuAccess has selected VeriFone’s PAYware GiftCard as the technology platform for its gift card system. The system was initially rolled out in ValuAccess’s home city of Hong Kong and is planned for other major urban areas across China and the rest of Asia.
- AccountNow Secures $12.75 Million in New Funding (June 29, 2007)
AccountNow, Inc., a leading marketer of MasterCard® and Visa® branded prepaid cards for the estimated 40 million strong underbanked consumer market, today announced the closing of $12.75 million in a third round of venture funding and the addition of two new board members.
- Fidelity National Information Services to Acquire EFD/eFunds Corporation (June 27, 2007)
Fidelity National Information Services, Inc. (NYSE: FIS) and EFD/eFunds Corporation (NYSE: EFD) today announced that they have entered into a definitive agreement whereby FIS will acquire EFD in an all-cash transaction valued at approximately $1.8 billion. Under the terms of the agreement, EFD shareholders will receive $36.50 in cash for each share of common stock.
- Pacific Financial Completes Sale of Affinity Debit Pre-Paid Stored Value Card Business (June 27, 2007)
Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks, Point-of-Banking (PBT) terminal technology, Alternative Financial Lending, Collections, Affinity "Gift to Give" prepaid gift and stored value cards, and full TV, Radio and Print Media services, announced today the sale of its Pre-paid Affinity and Stored-value debit card business.
- Leave The Cash At Home – Obopay Will Give Verizon Wireless Subscribers The Option To Shop With Their Phones (June 22, 2007)
Verizon Wireless customers will soon have another option when they shop other than just cash or credit – they will be able to pay using their wireless phones. Obopay, the first comprehensive mobile payment service in the U.S., today announced with Verizon Wireless, the leading wireless company with the most reliable voice and data network, they plan to make Obopay’s services available to Verizon Wireless customers in the coming weeks. Obopay is the first mobile payment offering for any major U.S. carrier, and it will allow Verizon Wireless customers to make purchases easily and directly from their mobile phones.
- Euronet Worldwide Appoints Kevin Caponecchi as President (June 22, 2007)
Euronet Worldwide Inc. (NASDAQ: EEFT), a leading electronic payments provider, today announced the appointment of Kevin Caponecchi as president of Euronet. Caponecchi, 40, will be responsible for the strategic and operational leadership of Euronet’s EFT and Prepaid Processing business segments on a global basis. Caponecchi will report to Michael J. Brown, chairman and chief executive officer, and will be based in Leawood, Kansas. Most recently, Caponecchi served as president of GE Transportation’s Global Signaling business, with over $600 million in annual sales and approximately 1,500 employees worldwide in over 10 countries.
- Payment Cards Keep it Quick at Quick Service Restaurants (June 21, 2007)
For consumers buying fast food and beverages at quick service restaurants (QSRs), speed is of the essence. According to a new survey commissioned by Visa, 82 percent of respondents agree that QSR purchases made with debit or credit cards are more convenient than dealing with cash. And 68 percent say using payment cards is faster than paying with cash.
- ConnectYourCare Launches Multi-Bank Solution for National and Multi-Region Health Plans and National Employers (June 21, 2007)
ConnectYourCare, a leading provider of CDH account management solutions, announced Health Savings Account (HSA) multi-bank capability as an extension to its Private Label Expresssm product for Health Plans. The multi-bank feature targets health plans spanning multiple geographic regions that want several banking relationships to satisfy customer requirements that vary by geography. The solution is an extension of ConnectYourCare’s award-winning CDH platform which includes integrated multi-purse health account management supporting three levels of outsourcing for health plans. This solution gives health plans the flexibility to offer multiple financial institutions to hold HSA deposits, retaining the same administrative platform for all accounts, while leveraging existing banking relationships.
- SmartCard Marketing Systems, Inc. Announces Sales and Supply Contract with Hest Technologies Inc. (June 21, 2007)
SmartCard Marketing Systems Inc. (SMKG.PK) (QYH.F), a leading provider of prepaid cards, smart stored value cards and payment transaction management services, announced today that it has signed a supply contract with a major electronic equipment manufacturer to sell its prepaid network branded debit cards in connection with the client’s newest product, a stand-alone card loading station. The company estimates that the initial contract will be worth $50,000 - $75,000 in revenue within the first 12 months after product release, which is expected in the 3rd quarter of this year this does not include revenues from transactions earned thereafter.
- Springbok Services Named to HRO Today Magazine’s “Baker’s Dozen” List (June 19, 2007)
Human Resources Outsourcing Today (HRO Today) magazine has named Springbok Services, Inc. one of the top 13 providers of employee recognition and incentive programs and services. The annual “Baker’s Dozen” list helps human resource professionals identify the best sources of services and solutions to meet the ever-changing demands of human resource management.
- SmartCard Marketing Systems Inc. Reports Prepaid Card Orders and Bookings (June 18, 2007)
San Antonio, June 18, 2007 - As stated by SmartCard Marketing Systems Inc. CEO Massimo Barone, "We are very pleased to announce that for 2007 1st and 2nd qtr we have contractually signed initial card orders of 19,000 cards for an initial order value of $152,900.00 US and booked orders for delivery of 120,000 cards for the next 48 months of $966,000.00 USD. This does not include revenues earned from commissions or royalties from prepaid card usage of the cards once active."
- Lighthouse1 Attains Gold Certified Partner Status in Microsoft Partner Program (June 14, 2007)
Minneapolis, June 14, 2007 – Lighthouse1, the industry leading provider of consumer driven healthcare administration solutions, today announced it has attained Gold Certified Partner status in the Microsoft Partner Program including competencies in ISV/Software Solutions and Networking Infrastructure Solutions. Achieving the Gold Certified Partner level distinguishes Lighthouse1 in both the technology and the consumer driven healthcare industries. As a Gold Certified Partner, Lighthouse1 has demonstrated a superior product and superior expertise with Microsoft technologies.
- CVS/pharmacy First Coinstar Retailer to Offer Its Own Gift Card in the Coin to Card Program (June 14, 2007)
Bellevue, Wash. -June 14, 2007 -Coinstar, Inc. (NASDAQ:CSTR), the leader in self-service coin counting, today announced that CVS/pharmacy, the retail division of CVS Caremark Corporation, is expected to have gift cards available in more than 360 Coinstar Center® kiosks in CVS/pharmacy stores this summer. The Coin to Card™ service allows consumers to convert their loose change to a CVS card at the Coinstar kiosk and pay no coin-counting fee.
- Chockstone’s Dormancy Reports Ease Merchant Escheatment Worries (June 12, 2007)
Chockstone Inc., provider of the world’s most innovative loyalty marketing programs, gift card and stored value solutions, today announced that it has built industry-critical dormancy reporting into its gift and loyalty marketing platform, easing compliance worries for merchants who offer gift and loyalty marketing programs.
- New MasterCard Research Explores Strategic Role of Cities in Driving Global Commerce (June 12, 2007)
London,U.K. June 12, 2007 – MasterCard Worldwide today announced the first set of findings of a groundbreaking research effort, the MasterCard Worldwide Centers of Commerce™ program, designed to provide insights and knowledge on how leading cities influence the global economy. Central to this new research platform and unveiled today is the first annual MasterCard Worldwide Centers of Commerce Index™, the most comprehensive analysis to date of how major cities compare in performing critical functions that connect markets and commerce globally.
- Blackhawk Network Honors Excellence in Gift Card Industry (June 12, 2007)
Blackhawk Network, a market leader in card-based financial solutions and the largest provider of third-party gift cards in the United States and Canada, announced the winners of the prestigious Hawk Awards, which honor excellence in the gift card industry. These awards recognize quality and merit in card design, package design, promotions, marketing and an overall outstanding achievement in the gift card industry.
- American Express Incentive Services and Givex Enter Licensing Agreement (June 8, 2007)
ST. LOUIS, June 4, 2007 – American Express Incentive Services (AEIS), a prepaid card industry leader, and Givex, a Card management company specializing in customer acquisition and retention products, announced today that they have entered into a licensing agreement. Givex will license two AEIS patents (U.S. Patent Numbers 5,689,100 and 5,956,695) leveraging AEIS’ patented merchant acceptance feature, DirectSpend SM, to strategically direct cardholder spend to selected merchants.
- Alon USA Selects RBS Lynk as Credit Card Payment Processor (June 5, 2007)
Dallas-based Alon USA Energy, Inc. (NYSE: ALJ) ("Alon"), an independent refiner and marketer of gasoline, diesel fuel and other petroleum products, has selected RBS Lynk, the U.S. payments processing division of The Royal Bank of Scotland Group and a non-bank subsidiary of Citizens Financial Group, Inc., as its new credit card processor.
- Delve Digs Ecount's Prepaid Loyalty Incentives (June 5, 2007)
Ecount (www.ecount.com), a Citi company, today announced that Delve, a leader in data collection for market research, has achieved marked success leveraging Ecount's Prepaid Loyalty Incentives. Delve utilizes the Ecount incentive to reward their network of more than 1,500 moderators for a job well done.