Cardline articles from August 2007

Cardline archives from August 2007

GLOBAL PAYMENTS REPORTS FOURTH-QUARTER LOSS, FISCAL YEAR GAIN.(Financial report)
August 3, 2007... Global Payments Inc., the Atlanta-based merchant transaction processor, yesterday reported fourth-quarter net income of $33.2 million, down 3% from $34.1 million during the same period last year. Revenues for the fourth quarter, which ended May...

SECOND QUARTER COSTS HIT VERISIGN PROFITS.(Financial report)
August 3, 2007... VeriSign Inc., a Mountainview, Calif., firm that provides network and Internet connectivity and security services, reported a net loss of $4.7 million in the second quarter ended June 30. Last year, the company posted $377 million net income...

AMEX DOUBLES LOCAL MERCHANT MARKETING PARTICIPANTS.
August 3, 2007... American Express doubled the size of its "Keep It Local" merchant base in its second year, Dionne Rogers, American Express vice president of client management in New York City, tells CardLine. The campaign to promote shopping at local...

CITI STARTS MOBILE PILOT WITH OBOPAY.
August 3, 2007... Citigroup Inc. is testing a new mobile phone-based person-to-person payment service with mobile-payment company Obopay Inc., the companies announced yesterday. The test, which will run for three months, is being offered to some new and existing...

NEW VISA WEB SITE ATTEMPTS TO TEMPT HIGH-END PALATES.
August 3, 2007... Visa USA is targeting high-end foodies with the launch this week of a new Signature Dining Web site. In a Visa partnership with Zagat Survey, the site will provide free access to Zagat reviews and ratings for restaurants around the country. The...

ACQUISITION DEALS ABOUND AMONG ISOs.(independent sales organizations)(Brief article)
August 3, 2007... Investors have entered the acquiring industry, creating further acquisition opportunities for independent sales organizations of all sizes, says Greg Cohen, president of Moneris Solutions, speaking this week at the Midwest Acquirers Association...

WESTERN UNION EXPANDS REACH IN MEXICO.
August 3, 2007... The Mexican drug store chain Farmacias Benavides will offer Western Union money transfer services, Western Union said this week. Farmacias Benavides, which claims to be the largest drug store chain in Mexico, will offer the service at 587...

BRIEFS.(Online Resources Corp. acquires Internet Solutions Inc.)(Brief article)
August 3, 2007... Online Resources Corp., a provider of Web-based financial services, has agreed to acquire Internet Solutions Inc., which provides billing services to receivables-management companies and utilities, for $45 million in stock and cash. Internet...

ABN AMRO DROPS SUPPORT FOR BARCLAYS' TAKEOVER BID.
August 3, 2007... The managing and supervisory boards of Netherlands-based ABN AMRO Holding N.V. have withdrawn their support for United Kingdom-based Barclays PLC's 66 billion euro ($90 billion) takeover bid for the Dutch banking giant. Though a rival bidder...

BOFA DROPS ABN AMRO LAWSUIT.
August 3, 2007... A federal judge dismissed Bank of America Corp.'s breach of contract lawsuit against ABN AMRO Holding N.V. on Friday, paving the way for the completion of BofA's $21 billion purchase of ABN AMRO's Chicago-based LaSalle Bank Corp. subsidiary....

BANK AIMS TO CARVE OUT AFFINITY CARD NICHE.
August 3, 2007... Torrey Pines Bank has developed PartnersFirst Affinity Services Division, a new credit card operation that aims to offer affinity cards to "small to intermediate size" groups such as small universities and organizations, like the U.S. Squash...

OHIO CONSUMER FILES COMPLAINT AGAINST WAL-MART'S PIN-DEBIT STEERING PRACTICES.
August 3, 2007... An Ohio man has filed a consumer complaint with the Ohio attorney general challenging Wal-Mart Stores Inc.'s debit card-steering practices, in which customers are encouraged to use their debit card's PIN function rather than the signature...

CLEVELAND COMPANY OFFERS CUSTOMIZED INCENTIVE CARDS.
August 3, 2007... DimpleDough Inc., a Cleveland-based incentive gift card provider, has launched its first product, IgniteCard. The IgniteCard allows sales agents and consultants to personalize gift cards to give to potential customers who could use the card at...

IDENTITY THEFT, OVERDRAFT FEES TOP CONSUMER FINANCE CONCERNS, NEW RESEARCH SUGGESTS.
August 3, 2007... Nearly 54% of consumers consider identity theft or fraud to be their top personal-finance concern, suggest the results of a recent survey conducted by infoUSA, an Omaha, Neb.-based market-research firm. The survey of 1,018 adults conducted in...

CAP ONE, YAHOO LAUNCH SHOPPING WEB SITE.
August 3, 2007... Capital One Financial Corp. and Yahoo! Shopping launched a shopping portal on Yahoo that offers Cap One cardholders discounts on merchandise, such as clothing and home goods. The Web site, dubbed Capital One Saving Zone, offers cardholders up...

BRIEFS.(Moneris Solutions hires David Magley)(TNB Card Services acquires credit unions)(Brief article)
August 3, 2007... Moneris Solutions named former RBS Lynk executive David Magley senior vice president, regional sales....TNB Card Services acquired credit card portfolios from Phillipsburg, N.J.-based Baker Federal Credit Union, Kalamazoo, Mich.-based Citizens...

FIRST DATA MOVES ONE STEP CLOSER TO GOING PRIVATE.
August 3, 2007... More than 98% of First Data Corp. shareholders today approved New York-based private equity firm Kohlberg Kravis Roberts & Co.'s $29 billion buyout of the payment processor. The vote moves the merger with an affiliate of Kohlberg Kravis Roberts...

MALONEY TO INTRODUCE CREDIT CARD BILL.
August 3, 2007... After a meeting yesterday with credit card issuers and consumer group advocates, Rep. Carolyn Maloney (D-N.Y.) said that she plans to introduce legislation to address credit card customers' concerns about interest rate changes and various fees....

NCR PROFITS RISE 26%.(Financial report)
August 3, 2007... NCR Corp., the world's largest ATM manufacturer based on number of machines shipped last year, today reported net income of $98 million in the second quarter ended June 30, up 26% from $78 million in the same period last year. NCR's...

ADVANTA BUSINESS CARD PROFITS DROP 4%.(Financial report)
August 3, 2007... Business card issuer Advanta Corp. today reported net income from its business cards of $22 million for the second quarter ended June 30, a 4% drop from $23 million during the same period last year. Net card interest income for the quarter...

TARGET GIFT CARDS GO GREEN.
August 3, 2007... Metabolix Inc., a bioscience company that specializes in producing plastics, fuels and chemicals that it says are easier on the environment, will produce a new gift card for Target Corp. as part of a pilot program. The card, which is available...

PARAGO SELECTS FSV PAYMENT SYSTEMS TO PROCESS PREPAID INCENTIVE CARDS.
August 3, 2007... Parago Inc., a Dallas-based rebate and incentive company, announced today it has selected FSV Payments Systems to process its clients' prepaid cards. "We talked to several processors, and not only did FSV have the technology platform we felt...

IRISH ANTI-FRAUD FIRM BUYS VA.-BASED COMPANY.
August 3, 2007... Ireland-based Norkom Technologies, which sells software designed to prevent card fraud, identity theft and related problems, said today it has bought Reston, Va.-based Digital Harbor, which sells risk and compliance products to financial...

BRIEFS.
August 3, 2007... NASDAQ approved USA Technologies' application to upgrade its listing from the NASDAQ Capital Market to the NASDAQ Global Market.... Prepaid card provider Springbok Services Inc. has competed a round of institutional funding from Goldman Sachs....

CORRECTIONS.(Correction notice)
August 3, 2007... CardLine reported today that DimpleDough Inc. sells IgniteCards for between $1 and $3.60 and expects to offer cards for five additional merchants by the end of the year. In fact, IgniteCards start at $1.90, and the company plans to add 20...

MASTERCARD REPORTS BIG Q2 PROFIT, 18% REVENUE JUMP.(Financial report)
August 3, 2007... MasterCard Inc. today reported $268.82 million in net income for the second quarter ended June 30, a huge boost from its $310.46 million loss in the same period a year ago caused by costs associated with its initial public offering. Included in...

VISA PCI DEADLINE NETS 315 PLANS.
August 3, 2007... Roughly 315 Visa USA acquiring members submitted summaries of their plans to deal with data security among merchants handling fewer than 1 million Visa transactions per year by yesterday's July 31 deadline. Though Visa had expected at least 270...

SIX DEFENDANTS ISSUE PLEAS IN FLORIDA TJX FRAUD CASE.
August 3, 2007... Six Florida defendants who were arrested in March and charged in a credit card fraud scheme related to the TJX Co. data breach have plead guilty or no contest to the fraud and theft charges against them (CardLine, 3/30). The defendants...

CREDIT MANAGERS INDEX FELL 1.2% IN JULY.
August 3, 2007... The Credit Manager's Index, a gauge of economic factors affecting credit and collection professionals, fell 120 basis points in July, to 56% from 57.2% in June, according to the National Association of Credit Management. The July index...

MONERIS SWAPS OUT BACKEND.
August 3, 2007... Moneris Solutions, the Toronto-based transaction processor that is a joint venture between RBC Royal Bank and BMO Bank of Montreal, says it has completed the first part of a two-phase initiative to create a single North America processing...

H&R BLOCK BATTLES INVESTOR FOR BOARD SEATS, SALE OF BANK.
August 3, 2007... H&R Block Inc. dissident investor Breeden Partners LP wants the tax-preparation firm to sell all of its "noncore" businesses, including H&R Block's year-old bank, according to a proxy statement filed yesterday with the U.S. Securities and...

NFINANSE TO SEND PURCHASE INFORMATION, CARD BALANCE INFORMATION TO CELL PHONES.
August 3, 2007... Bradenton, Fla.-based processor nFinanSe today announced it will offer consumers the option of having their purchase and available balance notifications sent to their cell phone or e-mail address after their prepaid card is used. The feature is...

BRIEFS.(Newton Learning to offer Visa prepaid debit cards)(Cubis Financial Ltd. launches payroll card)(Ingrian Networks Inc.'s '60 Days to Compliance' program)(Brief article)
August 3, 2007... Newton Learning, an independent education contractor that offers summer-school classes, will distribute Visa prepaid debit cards to Columbia, Mo., summer-school students for perfect, or near-perfect, attendance. The company will give $100 gift...

HYPERCOM REPORTS BIG Q2 NET LOSS.(Financial report)
August 3, 2007... Calling the point-of-sale terminal maker's second-quarter financials "mixed and somewhat complex," Hypercom Corp. today reported a net loss of $5.7 million for the quarter ended June 30. That compares with a $6.2 million profit during the same...

PAYPAL INTRODUCES CREDIT OPTION.
August 3, 2007... Ebay Inc.'s PayPal unit today announced it will work with GE Money Bank to offer a credit-financing service to attract new users and to help boost its participating online merchants' operations. The service, called PayPal Pay Later, allows...

COMPUCREDIT POSTS $11 MILLION LOSS, CITES ABS INVESTMENT.(Financial report)
August 3, 2007... Credit card issuer CompuCredit Corp. yesterday reported a net loss of $11 million in the second quarter ended June 30, a huge drop from its $28.3 million profit in the same period last year. CompuCredit specializes in issuing credit cards to...

HEARTLAND PROFITS RISE 41%.(Brief article)
August 3, 2007... Merchant processor Heartland Payment Systems Inc. today reported net income of $10.4 million for the second quarter ended June 30, up 41% from $7.4 million in the second quarter last year. Operating income for the quarter rose 33%, to $16.3...

BOFA RENEWS, EXPANDS AGREEMENT WITH PULSE...
August 3, 2007... Bank of America Corp. has renewed and expanded its agreement with the Pulse EFT Association. In the new agreement, Pulse will provide PIN-debit network access to BofA's debit cardholders on the West Coast, which is in addition to the Texas, New...

...AND RAISES ATM FEE TO $3.
August 3, 2007... Bank of America Corp. this week raised its ATM surcharge fee to $3 from $2 for noncustomers who use any of its 5,700 freestanding branch and in-store branch locations in 31 states and Washington, D.C., but not in Chicago, BofA spokesperson...

HIGHER CHARGE-OFF RATES MEAN MORE SUPPLY FOR DEBT BUYER.(Brief article)
August 3, 2007... Asset Acceptance Capital Corp., which buys and collects charged-off credit card debt, spent $38.1 million on debt portfolios for the second quarter ended June 30, nearly double the $18.9 million it spent during the same period last year. Card...

BRIEFS.
August 3, 2007... Jack Henry & Associates Inc. appointed its CEO, John F. "Jack" Prim, to its board of directors....Phoenix-based payment-terminal maker Hypercom Corp. announced that its new Optimum T4200 line of six countertop point-of-sale devices received...

LAWMAKER RELEASES CARD-REFORM LEGISLATION PRINCIPLES.
August 10, 2007... Banning universal default, requiring greater disclosures and giving consumers more control over their accounts are among the credit card-reform principles released this morning by Rep. Carolyn Maloney (D-NY), who says the principles will serve...

COINSTAR INCOME DROPS, REVENUE RISES IN SECOND QUARTER.(Brief article)
August 10, 2007... Coinstar Inc., which operates a network of coin-counting machines located mostly in supermarkets that enables consumers to deposit funds into prepaid card accounts, yesterday reported second quarter net income of $3.3 million, down 19.5% from...

VERIFONE, FORMER EXECUTIVE ENTER NONCOMPETE AGREEMENT.
August 10, 2007... VeriFone Holdings Inc., the San Jose, Calif.-based payment-terminal company, and a former executive it fired in July for allegedly soliciting other VeriFone employees to join a competitor (CardLine, 7/20), have signed a noncompete agreement,...

COMPUCREDIT CHARGE-OFFS RISE 59%.
August 10, 2007... Atlanta-based CompuCredit Corp.'s net charge-offs of credit card accounts jumped nearly 59% during the second quarter ended June 30, to $81.2 million from $51.2 million at the end of June 2006, according to the company, which issues cards to...

NCR NAMES TERADATA BOARD MEMBERS.
August 10, 2007... NCR Corp. this week named a board of directors and an interim chief financial officer for Teradata Corp., the enterprise data-warehousing division it plans to spin off as a separate company next month. Robert Young, who has served as chief...

STUDY: BLACKS, HISPANICS MORE LIKELY THAN WHITES TO PAY INTEREST RATES MORE THAN 20%.(Report)
August 10, 2007... Roughly 15% of black and 13% of Hispanic credit cardholders pay interest rates that exceed 20%, according to a new report issued by Demos, a New York-based public policy research and advocacy organization. That compares with 7% of white credit...

JAVELIN RATES ANTI-FRAUD SAFETY OF CREDIT CARD ISSUERS.
August 10, 2007... Bank of America Corp.'s Visa Platinum card is the best overall credit card program for preventing, detecting and responding to card fraud, according to an analysis released this week by San Francisco-based Javelin Strategy & Research. In its...

BRIEFS.
August 10, 2007... Simplefy Inc., a Las Vegas-based point-of-sale systems provider and processor, will be adding First Data Corp.'s POS Value Exchange system to its product offerings. The system integrates processing for credit, debit and prepaid gift cards and...

AMAZON TESTS WEB PAYMENTS SERVICE.
August 10, 2007... Amazon Web Services, which handles Amazon.com's technology platform, is beta testing the Amazon Flexible Payments Service, a potential competitor to PayPal Inc. and Google Checkout. Unlike PayPal and Google Checkout, the Amazon Flexible...

AMEX, PGA INK SPONSORSHIP DEAL.
August 10, 2007... American Express Co. and the Professional Golfers' Association of America announced an agreement on Friday making AmEx an official patron of the PGA. "Many of our cardholders like to play golf, watch golf, attend golf events," an AmEx...

HYPERCOM MARKETING EXECUTIVE RESIGNS.
August 10, 2007... Neil P. Hudd, senior vice president of global marketing at Phoenix-based point-of-sale terminal maker Hypercom Corp., is leaving the company after two years. The announcement is Hypercom's second high-profile departure in a month. Last month,...

TIM HORTONS TO LAUNCH RELOADABLE PREPAID CARD.
August 10, 2007... Executives from Tim Hortons Inc. said Friday that the North American coffee, doughnut and sandwich shop chain will release the reloadable prepaid TimCard by the holiday season. The announcement, made during a conference call with analysts,...

TEXAS ATTORNEY GENERAL SUES LIFETIME FITNESS FOR DUMPING CUSTOMER DATA.
August 10, 2007... The Texas Attorney General last week filed a lawsuit against Life Time Fitness and its subsidiaries after investigators allegedly found dumpsters at six of the national fitness-center chain's Dallas-area locations containing documents showing...

CUMBERLAND FARMS TO SELL COINSTAR PREPAID PRODUCTS.
August 10, 2007... Coinstar Inc. has signed an agreement with Cumberland Farms Inc., one of the largest convenience store and petroleum marketers in the Northeast, to offer Coinstar's prepaid products at approximately 600 Cumberland Farms stores. The product...

FIRST DATA EXTENDS CONTRACT WITH MEXICAN BANK.
August 10, 2007... Greenwood Village, Colo.-based First Data International has extended its payment-processing agreement with Mexico-based bank BBVA Bancomer, First Data said in a statement last week. The agreement covers Bancomer's Mexico-based retail business....

BRIEFS.
August 10, 2007... Whitefish, Mont.-based processor Nxgen Payment Services promoted Michael Jaffe to vice president of global marketing and new programs.... Debt-portfolio purchaser Collins Financial Services Inc. named former GE Card Services and GE...

INDIANA DEMOCRATS SUE NATIONAL CITY FOR CARD FRAUD.
August 10, 2007... The Indiana Democratic Party is suing National City Corp. for at least $150,000 in costs related to alleged fraudulent charges on a credit card the party says should not have been issued to a former employee. After party comptroller Kim Bostic...

VIVOTECH COMPLETES $22.5 MILLION FUNDING ROUND.
August 10, 2007... Vivotech, a contactless-payment technology company, announced today the closing of its third round of funding with $22.5 million from investors. Vivotech intends to use the funds to further research and development; grow sales and business in...

FARMERS MARKETS ACCEPT DEBIT, EBT CARDS.
August 10, 2007... Farmers markets throughout Oregon and Vermont are deploying VeriFone wireless point-of-sale terminals that enable consumers to use debit, credit or electronic benefit transfer cards to purchase food from vendors who previously accepted only...

INTERNATIONAL DIVISION HELPS TNS TURNS A PROFIT.(Brief article)
August 10, 2007... TNS Inc., a Reston, Va.-based provider of high-speed data links between merchant terminals and transaction processors, yesterday reported a $500,000 profit for the second quarter ended June 30, a boost from its $900,000 net loss during the same...

FOOTBALL VIDEO GAME TO FEATURE VISA ADS.
August 10, 2007... Video gamers pretending to be football-team owners in the upcoming Madden NFL 08 videogame, scheduled for release Aug. 14, will be able to sell imaginary sponsorships to Visa USA, thanks to Visa's partnership with the makers of the popular...

SURVEY: 45% OF CONSUMERS FIND RELOADABLE PREPAID CARDS USEFUL.
August 10, 2007... Nearly 90% of consumers who have used reloadable prepaid cards had a positive experience and found them useful, according to survey results released today by the Network Branded Prepaid Card Association, which advocates for the use of...

BOFA HAD 19.6 MILLION ACTIVE DEBIT CARD ACCOUNTS IN Q2.
August 10, 2007... Bank of America Corp. had 19.6 million active debit cards in the second quarter ended June 30, an 8% jump from 18.2 million active debit cards in 2006's second quarter, a bank spokesperson tells CardLine sister publication ATM&Debit News....

BRIEFS.
August 10, 2007... United Kingdom-based Barclays PLC yesterday formally released its revised 67.5 billion euro ($92.78 billion) offer for the Netherlands-based ABN AMRO Holding N.V.. Barclays is competing against a 72 billion euro ($98.97 billion) offer from a...

CAPITAL ONE TO BUY NETSPEND.
August 10, 2007... Capital One Financial Corp. today announced it has agreed to purchase NetSpend Holdings Inc. in a $700 million all-cash deal. NetSpend Holdings is the parent of NetSpend Corp., which supports a prepaid card network for consumers without bank...

FED: CONSUMER BORROWING RISES 6.5% IN JUNE.
August 10, 2007... Consumer credit outstanding rose at a seasonally adjusted annual rate of 6.5% in June, helped, in part, by an 8.4% increase in borrowing on revolving accounts consisting primarily of credit cards, according to the Federal Reserve Board's...

FTC STOPS PREPAID CARD ISSUERS FROM 'IMPROPER' DEBITING.
August 10, 2007... A federal judge temporarily has stopped some companies that issue Visa- and MasterCard-branded prepaid cards from withdrawing funds from consumers' accounts without their permission, the Federal Trade Commission said yesterday. The temporary...

PIVOTAL PAYMENTS ENTERS CANADA.(acquires Cardex Corp.)(Brief article)
August 10, 2007... Pivotal Payments, a Montreal-based payment processor, has bought Cardex Corp., an independent sales organization also based in Montreal, Pivotal Payments CEO Philip Fayer tells CardLine sister publication ISO&Agent Weekly. Terms of the deal...

CREDIT CARD MARKETER LAUNCHES 'GREEN' MASTERCARD.
August 10, 2007... Fintura Corp., an Atlanta-based company that develops credit card marketing strategies for financial institutions, and MetaBank, a Storm Lake, Iowa-based card issuer, are the latest organizations to introduce a "green" credit card. The card,...

WRIGHT EXPRESS TRUCKS TO BIG Q2 PROFITS.(Brief article)
August 10, 2007... Wright Express today reported profits of $18.33 million in the second quarter ended June 30, an 86% jump from $9.86 million earned during the same period a year ago. Revenues totaled $85.97 million, up 13% from $76.16 million a year ago. South...

CITIGROUP ROLLS OUT CASHRETURNS CARD.
August 10, 2007... Citigroup Inc. yesterday launched the MasterCard-branded Citi CashReturns Card, which the bank claims is the only card that allows cardholders to automatically redeem cash back every time their card earns $50 in cash back. The no-annual-fee...

GE MONEY RELEASES NEW CARDS.
August 10, 2007... GE Money is seeking to get its cards in the hands of sports fans with its announcements of two different credit card deals this month. The company yesterday introduced Modell's Most Valuable Player Platinum MasterCard and a Modell's Sporting...

BRIEFS.
August 10, 2007... DataX Ltd., a consumer data-verification service provider and credit-reporting agency, appointed former MasterCard International and American Express Co. executive Ruben Marichal director of analytical services....Debit card...

FIRST DATA, MFOUNDRY PARTNER TO OFFER MOBILE BANKING, PAYMENTS.
August 10, 2007... First Data Corp. and Sausalito, Calif.-based mobile banking software vendor mFoundry Corp. are partnering to offer such mobile banking and payment services as access to balance inquiries and transaction histories that financial institutions can...

REPORT FORECASTS ISO SHIFT.(independent sales organizations)(Brief article)
August 10, 2007... Independent sales organizations that sell payment card services to merchants will undergo a marked change over the next 10 years as the number of potential new merchants who previously did not accept credit cards shrinks but competition for...

ENCORE'S CARD DEBT PURCHASES JUMP 250%.
August 10, 2007... Encore Capital Group Inc., which buys and collects on distressed consumer receivables, including credit card debt, posted a net loss of $821,000 in the second quarter ended June 30, the company reported yesterday. The company earned a $7.49...

GLOBAL CASH ACCESS PROFITS UP 37%.(Global Cash Access Holdings Inc.)(Brief article)
August 10, 2007... Global Cash Access Holdings Inc., a Las Vegas-based casino ATM operator, reported net income of $8.6 million for the second quarter ended June 30, up 37% from $6.3 million in the same quarter a year ago. Revenues for the quarter totaled $151.5...

BARCLAYS HIRES PURZYCKI TO RUN U.S. CREDIT CARD BUSINESS.
August 10, 2007... Barclays PLC today named Joe Purzycki chief operating officer of its Wilmington, Del.-based U.S. credit card business. Purzycki, who joined Barclays as managing director in charge of customer care and bank operations in 2005, will report to...

OPTIMAL GROUP REVENUES PLUNGE.(Brief article)
August 10, 2007... Optimal Group Inc. this week reported a 46% fall in revenue for the second quarter ended June 30, to $28 million from $52.2 million in the same period a year ago. Net income for the quarter totaled $2.5 million, a 32% dip from $3.7 million a...

TESCO NAMES WACHOVIA EXCLUSIVE ATM PROVIDER FOR ITS U.S. STORES.
August 10, 2007... Wachovia Corp. signed an agreement to deploy branded ATMs in the 61 Fresh & Easy Neighborhood Market stores that Tesco, a United Kingdom-based supermarket chain, expects to open in Las Vegas, Phoenix and Southern California this fall. The...

BRIEFS.
August 10, 2007... Card Technologies Inc. subsidiary CashTechCard Systems Inc. will distribute the Birthright Israel prepaid card for the Mayanot Institute of Jewish Studies, one of the largest sponsors of the Taglit-Birthright Israel program that offers free...

FINANCIAL INSTITUTIONS, ISOS LOOK TO MULTIFUNCTION KIOSKS.
August 17, 2007... A flat U.S. ATM market is prompting financial institutions and independent sales organizations that deploy ATMs to find new markets for growth, according to a new Mercator Advisory Group report. Among the technologies generating interest are...

CHECKFREE PROFITS DROP 5%.(Financial report)
August 17, 2007... CheckFree Corp., which Fiserv Inc. last week agreed to purchase in a $4.4 billion all-cash deal (CardLine, 8/3), reported fiscal fourth-quarter net income of $27.92 million, down 5% from $29.49 million in the same period a year ago. For the...