Exxon Is Tapping Convenience For Profit Margins
US-based oil firm Exxon Mobil sees in-store ATMs and gourmet coffee as one way to thwart market encroachment by convenience stores, which are increasingly setting up petrol pumps at their premises. Co...
City Networks, Synergy To Serve Indian Market
Banks using City NetworksÆ CityNet treasury software can now achieve complete STP (straight-through processing) under City NetworksÆ new alliance with India-based software vendor Synergy Log-In System...
Asia's Falling Card Fraud Reduces Case For EMV
EMV migration in the Asia-Pacific is at different stages of advancement, but many banks are delaying the issuance of chip cards until per-card cost drops to more realistic levels. SingaporeÆs card iss...
Self-Checkouts Growing In Europe And The USA
Self-service technology is catching on in North America and Europe, with retailers installing automated self-checkout points, and hotels, car rental firms and airlines using kiosks to simplify routine...
Oracle And Unisys Simplify Enterprise Payments
Oracle and Unisys are to jointly deliver an enterprise payment solution whose integrated engine will help financial institutions to better manage and store transaction data for improved operational ef...
Matalan Centralizes Systems In Its EMV Upgrade
UK-based clothing retailer Matalan took the opportunity when chip and PIN-enabling its POS technology, to centralize to a new core retail platform and supply chain system. While the chip and PIN upgra...
ChinaÆs Banking Networks Said To Be EMV-Ready
EMV chip cardholders from outside China will have no problem using their cards on the countryÆs banking networks, according to a recent statement from the central bank, the PeopleÆs Bank of China (PBO...
Shell Oil's Gift Card Sales Doubled During 2004
Sales of the Shell Oil Products US Gift Card doubled in 2004 with over a third of sales occurring in December alone, and in 2005 Shell plans to introduce reloadable gift cards to build on its success ...
US Banks To Spend USD 118 Billion On IT In 2005
US banks are predicted to spend USD 118 billion on IT in 2005, up 4.3 per cent on 2004, with spending by financial services firms projected by TowerGroup to grow by 4.7 per cent per year through 2008,...
ICICI Bank Uses IT To Cut Costs By 30 Per Cent
IndiaÆs ICICI Bank has trimmed 20 per cent to 30 per cent off its operating costs by leveraging technology to improve its core services and as a result, can operate at 10 per cent of the cost of other...
Germany's EMV Case Is Boosted By Rising Fraud
Credit card issuers in Germany will need to revisit the case for EMV-enabling at least part of their portfolio as fraud spreads from neighboring countries that have already migrated to EMV payment sys...
Waitomo Petroleum Integrates Its Reconciliations
New Zealand-based Waitomo Petroleum, a Mobil fuel distributor, is using an integrated accounting and reconciliation system to simplify the management of daily business operations across multiple locat...
Trintech's ReconNET Simplifies SOX Compliance
Trintech GroupÆs flagship reconciliation and account-balancing application, ReconNET 7.1, now supports Sarbanes-Oxley financial disclosure requirements, including audit trail capabilities for tracking...
Las Vegas Taxi Firms Wary Of Card Payments
With credit and debit cards accounting for about half of all consumer transactions in the US, taxi firms in Las Vegas are being offered a new card-facilitated cashless payment system, Taxi Pass. Insta...
Citibank And HSBC Scrap Old Payment Systems
Two global banks, Citibank and HSBC, are centralizing their legacy payment systems to a single platform for greater efficiency, cross-border economies of scale and regulatory compliance. HSBC sees its...
Tottenham FC Chip & PIN-Enables Its POS System
After the UKÆs January 1 2005 chip and PIN compliance deadline, many retailers are still working to upgrade and certify their POS infrastructure for the acceptance of EMV chip cards. UK football club ...
EMV Card Payment At Forecourt Benefits Oil Firms
Before EMV was rolled out in the UK, petrol stations and restaurants were the most likely places for payment cards to be cloned, but fraud is predicted to drop as a result of the new chip cards. UK co...
Kiosk Operator Automates Its Cash Management
Info Touch Technologies Corp, which operates kiosks on behalf of convenience store retailers such as Circle K, ExxonMobil and MacÆs, is to automate cash management functions throughout its network. By...
Kiosks Gaining Traction At US Convenience Stores
Several Exxon Mobil TigerMarket and On The Run convenience stores in Nashville, Tennessee, are using kiosks to deliver multiple services including bill payment and prepaid mobile recharge. The E-Wiz k...
Gift Cards Deliver US Retailers An Extra USD 18 Bn
Gift card redemptions at US retailers in December and January are estimated by Deloitte & Touche USA to have added an extra USD 18 billion to total retail sales in the period. US adults received an av...