Sainsburys' To Miss EMV Compliance Deadline
UK supermarket chain SainsburysÆ does not expect to make the January 2005 EMV compliance deadline due to ôextensive changesö made to its IT systems in the past three years. Instead, the grocer will ru...
Banks Find An Edge In Online Cash Management
Maine-based Bangor Savings Bank is using a web-based cash management system to gain an edge on its competitors by enabling its clients to view account balances, cleared checks and to originate ACH or ...
Debenhams Chooses Trintech For EMV Migration
Debenhams, the UKÆs premier department store, is to use TrintechÆs smart card solution suite to manage its chip and PIN migration, with rollout of the new POS system scheduled for end-October 2004. A ...
Plastic Card Volume To Increase Post-Check 21
Some check volume in the US may shift to plastic under the Check 21 Act as consumers use a æfamiliarÆ payment option instead of getting to grips with a new system that will no longer return checks to ...
EMV Migration To Benefit Brazil's Cards Market
BrazilÆs payment card market grew by 200 per cent to 47.5 million cards at end-2003, according to Bain & Co, and the national credit card association ABECS is predicting 10 per cent further growth in ...
Restaurants' Back Offices Are Key To Cost Control
US restaurant chains such as Baja Fresh are installing centralized POS systems that facilitate browser-based inventory and supply chain management systems in an endeavor to contain daily operating cos...
Real-Time Nostro A Hit With Financial Institutions
Cash reporting via the Swift inter-bank network enables treasury functions within banks to gain accurate views of their cash positions for nostro accounts, or those accounts that banks hold with each ...
Maybank's Cash Management Growth Is Robust
MalaysiaÆs Maybank is reporting solid uptake for its online services Maybank2e.net, for business users, and Maybank2u.net, for retail customers. The Maybank2e.net service, launched in 2003, has 3,000 ...
Woolworths Uses EDI To Standardize Invoicing
UK high-street retailer Woolworths is standardizing its electronic invoicing on the EDI (electronic data interchange) protocol so as to reduce the volume of paper invoices received from suppliers. Ind...
Gift Cards Enter University, Sports Affinity Markets
The Visa Simon Gift card from Simon Brand Ventures, a subsidiary of Simon Property Group, quickly became the worldÆs largest, with total sales of USD 340 million in 2003, its first full year of operat...
EMV Shift Likely To Increase UK's Debit Card Use
Debit card volume on UK-issued cards is expected to increase during the 2004 holiday shopping season as consumers who already know the PIN for their debit card, use those cards in place of PIN-secured...
EMV Kernel Facilitates US-Based EBT Program
Chip and PIN technology is infiltrating the healthcare sector in the UK and the US, while proving that adjacent EMV and EBT kernels on a smart card can support non-payment applications. UK card soluti...
TFS Automates Claims And Payments Processes
Toyota Financial ServicesÆ insurance unit is using an online reporting and tracking system based on PNC BankÆs ActivePay credit card to simplify its claims handling and payment processes. Since TFS re...
Invoice Reconciliation Simplified By Data Sharing
US grocery chain Wegmans Food Markets is using a Sterling Commerce solution to merge data from over 100 suppliers while reducing invoice discrepancies and time spent reconciling invoices. Data synchro...
Chip & PIN Shift Driving Retailers' POS Upgrades
UK high street electrical store Comet has completed its chip and PIN upgrade in 247 stores after a 10 month project from inception to full deployment. On-site chip and PIN accreditation is a stumbling...
IBM's Mexican Unit Gets Into Electronic Invoicing
IBMÆs Mexican unit and local document management firm Indicium are to launch an electronic invoicing solution in partnership with IT security firm, SeguriData. Under the venture, SeguriDataÆs e-invoic...
UK's Chip & PIN Migration On Target For End-2004
By end-2004, 36 million of the UKÆs 42 million payment cardholders are expected to have PIN-secured cards, up from 10.5 million, or 25 per cent of cardholders, in March 2004, according to APACs. Eight...
Gift Card Players Concerned About Fee Regulation
Gift card players are concerned about fee regulation and the implications for economic models, according to speakers at a recent Federal Reserve Bank of Philadelphia prepaid event. Merchants have issu...
Mellon Sees Success In Lockbox ARC Conversion
Mellon Global Cash Management now handles about 25 per cent of its retail lockbox payments volume via its nationwide lockbox system, which recently was enhanced with accounts receivable check (ARC) co...
Private, Branded Gift Cards Have Their Own Merits
In 2003, Visa and MasterCard issued 7.6 million prepaid cards, most of which were gift cards, containing a total of almost USD 2 billion in value, but most of this value was loaded onto non-gift card ...