| » Publisher's Corner |
Just Who Is Responsible For Security In The Transaction Processing Industry?
One of the first news announcements that I received today announced that another major financial institution had been the victim of yet another malfeasance of protecting its customers' personal data. This bank has admitted that four laptops containing the unencrypted personal details of 10,000 customers have been stolen.
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Calvin D. Johnson, Publisher
publisher@tpatlanta.com
Trans Atlantic Systems, Inc.
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| » Editorial |
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Retailers dangle discounts to lure tax-rebate checks 
With many consumers about to receive tax rebates worth hundreds of dollars, a handful of retail chains are dangling discounts and promotions to try to get people to spend their checks in the companies' stores.
As consumer spending slows, these retailers have hit on a marketing pitch: We'll make your tax rebate go further.
"The trick will be to convince the consumer that the rebate check is bigger than it is," says Pat Conroy of consulting firm Deloitte & Touche.
The tax rebates - ranging from $300 to $600, or up to $1,200 for married couples who file jointly - will be available to some direct-deposit taxpayers as early as Monday, though checks by mail will take longer. Many parents will receive an additional $300 per child.
Wal-Mart, the largest U.S. retailer, says it plans to announce a tax-rebate-related program within a few days. Here's what other retailers plan:
Supervalu, parent company of Albertsons, Jewel-Osco, Shop 'n Save and other grocery chains, says shoppers will be able to exchange tax-rebate checks for store gift cards, with an extra $30 added for every $300 in rebate checks. The offer will be valid through July 31.
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» Main story |
| InComm to be Acquired by First Data 
Atlanta based InComm will be acquired by First Data Corp., both companies announced on April 28th. InComm is the industry leader in marketing and distribution of stored value gift and prepaid products.
Specific terms and conditions of the agreement were not disclosed, but the transaction is expected to be accretive to First Data. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be completed in the second quarter of this year.
With over $300 million in 2007 net revenues and almost $8 billion in retail sales transactions processed in 2007, InComm is one of the U.S.'s largest distributors of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions.
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| » Earlier this month |
TranDotCom Solutions Expands Executive Team
Don Gentry joins TranDotCom Solutions as Vice President, Sales and MarketingTranDotCom Solutions, the pioneering processing services provider to the short-term loan industry adds a new member to its executive team - Vice President, Sales and Marketing, Don Gentry.Click here for more..
Target Renews Card Processing Agreement with TSYS
TSYS has announced the renewal of a long-term agreement with Target Corporation to service its REDcard portfolio.The multi-year agreement will include systems processing for the Target Visa Credit Card, Target Credit CardS, Target Check Card and the Target Business Card. Click here for more..
Fiserv and SunTrust Are Trading Bill Payments for Trees
Fiserv and SunTrust have announced 'they will donate one tree for every SunTrust customer who signs up for electronic bill (e-bill) activation or pays at least three bills online or via a mobile phone between April 14 and June 30, 2008. Click here for more..
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| » Industry News |
Global Payments Extends National Bank of Canada Marketing Alliance Agreement through 2017
Atlanta based Global Payments Inc., a world leader in electronic transaction processing services, announced that it has extended its Marketing Alliance Agreement with National Bank of Canada through 2017.
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CompuCredit to Announce First Quarter Results on May 7th
CompuCredit Corporation CCRT will announce its first quarter 2008 results on Wednesday, May 7, 2008, after the market closes.Click here for more..
NOVA becomes Elavon
Atlanta based NOVA Information Systems (NOVA), a wholly-owned subsidiary of U.S. Bancorp, unveiled on April 15 a new global company name, Elavon. Click here for more..
International Payments
The International Payments Framework (IPF) has announced completion of its first phase. Over the past 12 months, representatives from 30 organizations representing 15 countries around the world have been reviewing the feasibility of an International Payments Framework.
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