AustraliaÆs Retailers Seek Profits In Gift Cards
Australia-based retailers Coles Myer and David Jones are reporting strong sales for their new gift card products, which were launched in response to the success of gift cards as a consumer favorite in...
Visa Resolve Online Tightens Chargeback Process
With merchants paying up to USD 50 per consumer chargeback, and banks losing up to USD 25 to each chargeback, Visa devised its web-based Resolve Online system to accelerate changes in the card dispute...
Kiosk Network Outsources Its Cash Management
Info Touch Technologies Corp, which operates kiosks on behalf of convenience store retailers such as Circle K, ExxonMobil and MacĘs, is to automate cash management functions throughout its network. By...
UK's Medical Supply Chains Begin Consolidating
Hospitals and health care suppliers in the UK and on the European continent will benefit from the creation of a new supply chain management firm by Global Healthcare Exchange Europe and TecSol. The tw...
Prepaid Wireless Growing Fast At US Chain Stores
Prepaid wireless revenues in the US will see a CAGR of more than 20 per cent through 2009, in line with sustained growth rates in the prepaid sector, according to research firm Atlantic-ACM. By 2009, ...
Chip & PIN Cards 'Will Fuel ATM Cash Withdrawals'
With UK card organization APACs expecting 8 out of 10 UK consumers to hold a chip and PIN-secured card by January 1, 2005, consumers are being warned not to withdraw cash on the credit cards. Eighteen...
Gift Cards Tipped To Reach Small Business Sector
With 74.3 per cent of US consumers predicted by the NRF to buy at least one gift card this holiday season, 7-Eleven has set up a gift card mini-center at selected stores, to sell gift cards from third...
Municipality To Benefit From Smart Card Parking
From early 2005, motorists using parking and local retail services in the City of New Haven, Connecticut, will be able to use a multi-function smart card for parking fees and small purchases at affili...
MetLife Using JP Morgan's Order-To-Pay Service
US insurance firm MetLife is automating its procure-to-pay cycle, reducing costs and improving working capital through the JP Morgan Order-To-Pay Service, part of a suite from JP Morgan Treasury Servi...
Integrated Systems Key To Revenue Management
Dedicated, integrated IT systems are necessary to help UK corporations recoup the billions of pounds in potential revenue that is lost each year, to customer debt write-offs and inefficient collection...
Global Banks To Spend USD 362 Bn On IT In 2005
In 2005, banks globally will spend USD 362 billion on IT projects, according to TowerGroup, with 72 per cent of this spend occurring in the EU and North America, at a 4.4 per cent increase over 2004. ...
South Africa's First EMV-Certified Retailer Is Live
South Africa-based retailer Edcon Group has become the countryĘs first EMV-certified merchant after a project to EMV-enable over 8,000 POS terminals and 11,000 PIN pads at its subsidiary stores. In Oc...
Asia-Pacific Banks Ready To Increase IT Spending
Banks in southeast Asia are predicted by IDC to spend USD 4 billion on IT projects by 2008, up from USD 2.7 billion in 2004, as real-time, standards-based systems replace legacy, siloed infrastructure...
Pay-At-Pump Gas Purchases Reduce Drive-Offs
Gas station fraud in the US is increasing due to high fuel prices and a correlated growth in the number of motorists driving off from forecourts without paying for gas purchases. Clerks at forecourts ...
Fraud Risk At UK Retailers During Chip Changeover
Retail store cashiers at UK high street stores must watch for a greater incidence of fraudulent credit card purchases as the rollout of chip and PIN-secured cards coincides with peak shopping periods....
NHS Healthcare IT Spending Hit By Controversy
At its inception in 2002, the UKĘs NHS National Programme for IT (NPfIT), had a budget of Stg 6 billion, but this cost has since swelled to a potential Stg 31 billion. In 2002, Stg 2.3 billion was res...
VTL Group Is Tapping US Vending Market Growth
Consolidation is occurring in the US vending industry, in which 11,000 firms operate, and New Zealand firm, VTL Group, is seeking to double its 2005 revenues by taking a stake in Boston firm, All Seas...
Chip And PIN Card Security Worries UK's NCC
As more UK shoppers use their chip and PIN-enabled payment cards for purchases in the high street, both the National Consumer Council and a Cambridge professor are warning of security issues. With the...
E-Invoicing Helps To Close The Procurement Loop
Corporate-wide spend management can be improved by using electronic documents instead of paper-based processes, which gives a fast return on investment, reduces costs and increases efficiency. B2B tra...
US Restaurateurs See The Benefits Of Gift Cards
With the National Retail Federation reporting gift cards to account for one US dollar in every ten spent on gifts in the current holiday season, many restaurants are selling gift cards for extra year-...