Valero Energy Is Investing In Its Future Operations
Valero Energy Corporation is investing in pay-at-the-pump and satellite networks to speed up card transactions at its stores as the chain continues its present expansion drive. By early 2008, Valero a...
UK Retailers And Banks Gearing For PIN Mandate
From February 14, UK retailers will be required to ask payment cardholders to use a PIN to verify their transaction, so as to avoid liability for any card fraud or chargebacks that result. About 6.5 p...
The Munich Clinic Automates Its Payments Posting
By automating its incoming healthcare payments, the Clinic of the University of Munich has raised the assignment of all bank transactions in its electronic bank statement to more than 80 per cent. In ...
Gift Card Sales Exceeded USD 35.3 Billion In 2005
In 2005, gift card sales in the US totaled about USD 35.3 billion, according to Ernst & Young, with the NRF estimating that about USD 18 billion gift cards were sold in the 2005 holiday shopping seaso...
Visa UK Survey Shows Retailers Value Chip & PIN
UK retailers are favorable towards chip & PIN payments, with 81 per cent of respondents to a recent Visa UK survey welcoming the drop in fraud and 67.9 per cent, the related cost savings. Another 66.8...
Multinationals Integrate Corporate Card Programs
Revenue that is channeled through corporate cards is increasing by 12 to 15 per cent annually, according to Visa, with many corporations seeking to centralize their multinational card programs. Citigr...
Sheetz Speeds Payment Times At Its Fuel Islands
Convenience store retailer Sheetz is speeding transaction times at its fuel islands by using a new POS system and pump controller that increases bandwidth and subsequent customer throughput. Eleven Sh...
Australia's EMV Card Issuance To Grow In 2006
In 2006, AustraliaÆs banks will issue 11.9 million EMV cards, significantly more than the 7.9 million issued in 2005, and by 2009 EMV cards will account for most of the smart card market. To date, ANZ...
SOAs Streamline BanksÆ Application Integration
Technology solutions for service-oriented architectures will result in USD 53 billion in cost savings for the worldÆs largest corporations through 2010, according to Aberdeen Group. On the basis that ...
Giant Food Is Piloting Prescription Refill Kiosks
A credit card-enabled, self-service prescription refill kiosk is in pilot at supermarket chain Giant Food at a specific store in Virginia, in a test being monitored by the regional Board of Pharmacy. ...
UK Retailers Seeking Efficient POS Investments
In the UKÆs post-chip and PIN environment, retailers are investing in marketing initiatives such as prepaid cards and in other projects to achieve differentiation from their competitors. Ultimately, U...
French National Rail To Set Up A Payments Factory
FranceÆs national railway, SNCF (La Soci?t? Nationale des Chemins de fer Fran?ais) is use a payments factory to centralize its treasury management operations and track all its transactions. SNCFÆs tre...
Sheetz Extends Its Payment-At-The-Pump Menus
Convenience store/gas retail chain Sheetz is a recognized pioneer of cash payments at the pump and of pump-based food ordering menus under its refocus as a food and drink store that sells gas. In a co...
Wachovia To Automate Healthcare Receivables
Wachovia CorpÆs Treasury Services Division is helping healthcare providers to automate their accounts-receivables processing with a new solution, Healthcare eBOX. Providers that use the new solution a...
South Africa's Banks Gearing To Issue EMV Cards
South AfricaÆs banks will start switching customers to EMV chip cards in the next half-year now that initial pilot phases and testing of applications are in advanced stages. Under the national EMV mig...
Card Skimming Devices Fitted To Arco Gas Pumps
Criminals who attached skimming devices to gas pumps at several Arco stations in California have stolen over USD 110,000 from ATMs after making copies of the customersÆ cards. Arco gas stations are be...
Major UK Retailers To Miss Key EMV Deadlines
In the UK, about 90,000 out of 860,000 POS terminals (or 15 per cent of the total) remain to be upgraded for EMV chip-based credit and debit card transactions, according to card entity APACs. Several ...
New Zealand Leads Australia In EMV Conversion
New Zealand, where 36,500 EMV-compliant card terminals are facilitating over 300,000 chip card transactions per month, is reported to be ahead of Australia in EMV migration terms. By end-2006, Visa Au...
MasterCard, Visa Encourage India's EMV Migration
About 40,000 of IndiaÆs POS terminals remain to be EMV-enabled, with ICICI Bank adapting 97 per cent of its 85,000 POS terminals, and Citibank upgrading almost 85 per cent of its 27,000 terminals. Mas...
Credit Card-Enabled Carwashes Deliver Profits
Car wash operators that offer credit card-enabled bays together with a loyalty program and creative advertising campaigns can easily maximize profits from their operations. With over 1.2 billion credi...