| IT gives Woolies no downtime Christmas present
Woolworths' investment in transaction processing tech has paid off for the retail chain, after it experienced a downtime-free Christmas period. Speaking at the company's half yearly results announcement yesterday, Woolworths CEO Michael Luscombe revealed that the company's sales technology had seen its supermarkets process transactions faster than ever during the festive period. "It's the first Christmas we had 92 percent [of credit card transactions] completed in under one second and over 99 percent completed in less than two seconds and we had no downtime. "It's the first Christmas we had that speed and that time, and the investment in state of art tech has been well worthwhile and obviously will create a platform for other transactions we have out there in the marketplace," Luscombe said, highlighting its ATMs and credit card business.
Velocita Wireless and Paynet Transactions to Provide Credit Card ...
WOODBRIDGE, N.J., Feb. 1 /PRNewswire/ -- Velocita Wireless, a provider of custom wireless M2M data delivery solutions for businesses and government, that owns and operates the only nationwide, narrowband, data-only, M2M network, announced today that in conjunction with Paynet Services, it will provide credit card transaction authorization services for all merchandizing at Super Bowl XLII, held this year in Phoenix, Arizona. Paynet Transactions, a leader in credit card processing for special events, enabled by Velocita Wireless will open and operate three hundred (300) wireless Point of Sale (POS) terminals in temporary facilities in and around the University of Phoenix Stadium, the site of this year's Super Bowl, to wirelessly process souvenir sales of official NFL merchandise.
Chase Paymentech Debuts Website for Small and Medium Businesses
DALLAS, Feb. 8 /PRNewswire/ -- Chase Paymentech Solutions, LLC, has launched a new website designed to help small and medium sized businesses affordably accept credit card payments. The new site, http://merchantaccount.chasepaymentech.com, provides business owners with a simple, easy to use guide to access the latest Chase Paymentech payment processing tools. The site allows businesses to research payment products that fit their needs and offers quick access to experts who can customize a program to each business' requirements. These programs feature reliable terminals, low interchange rates to process credit card transactions and even custom gift card programs. Solutions can be designed for merchants who need secure payment solutions over the Internet, point-of- sale, telephone, or mail order.
25 businesses rewarded for using HSBC EPOS machines
No fewer than 25 retailers representing a cross-section of the business community have won e235 each for swiping Credit Cards over an HSBC Point of Sales (EPOS) terminal during the first week of January 2008. During this busy month, particularly due to the euro changeover and sales, HSBC is giving retailers the opportunity to participate in a weekly draw every time they swipe a card through an HSBC EPOS.
The first draw, with 25 winning businesses who transacted payments over an HSBC EPOS from January 1 to date, took place on 7 January. The winners are: GS Superstore in Naxxar; Souvenirs Shop in Gudja; Saint James Hospital in Sliema; Top End Bortex in Sliema; Marios Hairstylist in Fgura; The Nuance Group in Gudja; Air Maltas Sales Office in Gudja; JB Stores in Lija; BHS in Sliema; Dorothy Perkins in Valletta; Mothercare in Sliema; Tower Supermarket in Sliema; Topline Centre in St Andrews; Marks and Spencer in Valletta; Medical Imaging Centre in Birkirkara; The Arches Restaurant in Mellieha; Smart Supermarket in Balzan; ARG Meats in BKara; The Model Shop in Iklin; Emm Enterprise in Bugibba; Monsoon Accessorize in Sliema; Zen Restaurant in St Julians; Wands Cash and Carry in Marsa; Scotts in Sliema; and Pizza Hut in St Julians.
6 ways the Starbucks-AT&T deal will change mobility
At first blush, Starbucks' decision to drop T-Mobile and use AT&T to provide in-store Wi-Fi access may look like just another inside-business choice. A closer look, however, shows that there are at least six ways this decision could change the way many of us are mobile. As a practical matter, the transition to AT&T means that anybody with a Starbucks card, which provides in-store credit, will get two hours of free Wi-Fi access a day. Currently, all Starbucks customers using T-Mobile's Wi-Fi network users must pay for access. .
Bank of America, Countrywide to Name Sambol to New Role
CHARLOTTE, N.C., Jan. 31 /PRNewswire/ -- Bank of America Corporation and Countrywide Financial Corporation today announced that David Sambol, Countrywide's president and chief operating officer, will lead the combined consumer mortgage business once Bank of America's planned purchase of Countrywide is complete. Sambol will continue in his current role, reporting to Countrywide Chairman and Chief Executive Officer Angelo R. Mozilo until completion of the transaction, which is targeted for the third quarter. In a related announcement, Bank of America Global Consumer and Small Business Banking President Liam McGee announced that Card Services Executive Bruce Hammonds will assume the newly created role of Global Consumer Credit Executive when the purchase closes. Hammonds, who will continue to report to McGee, will be in charge of all consumer credit products, including the consumer mortgage organization, Bank of America Card Services and unsecured lending.
Prabhudas Lilladhar posts 'buy' on Bank of India
MUMBAI: Prabhudas Lilladhar has maintained ‘buy' on Bank of India for a fifteen-month target price of Rs 520. At the current market price of Rs 355, the stock is quoting at 6.5 times FY10E EPS and 1.5 times FY10E BV.
Bank of India raised tier-I capital of Rs 13.6 billion through qualified institutional placement, which was subscribed 1.8 times in the current weak market scenario. The capital raised will help the bank meet Basel II requirements and maintain the current business growth momentum.
The capital raised will also support its life insurance venture with Dai-Ichi Mutual Life Insurance and Union Bank of India, mutual fund business, and credit card ventures.
Bank of India's total income for quarter ended Dec 31, 2007 rose 43.66 per cent year on year to Rs 3,705.21 crore.
Jones Beach to weigh in on divisive Trump project
Steve Schwimmer, who thinks Trump on the Ocean would be good for his Bohemia credit-card transaction processing firm as well as Long Island, has sent 6,000 e-mails to business contacts urging them to come out and support it.
Civic activist Patricia Friedman, who considers the Jones Beach catering hall and restaurant an abomination, has been busy calling sympathetic individuals and groups such as the Audubon Society to get them to send alerts to their friends and members.
Galvanizing Friedman, Schwimmer and others: a hearing scheduled for Tuesday at which a review board will consider, and likely rule on, Donald Trump and partner Steve Carl's application for a variance from the state building code's prohibition on building a basement in a floodplain.
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Southwest Airlines Selects Interceptas(TM) Fraud Prevention Solution ...
CHICAGO, Feb. 19 /PRNewswire/ -- Accertify, a Chicago-based provider of leading-edge fraud prevention solutions to online retailers, today announced that Southwest Airlines has selected its Interceptas solution to fight credit card fraud and ensure a high-quality experience for Customers. "Southwest is committed to running the best airline in the world and offering Customers the best overall travel experience," said Dodd Roberts, Director, Accounting Operations at Southwest Airlines. "Providing the best possible experience to the growing number of Customers who book online is a key part of that commitment." "We chose Accertify because its solution is the most comprehensive, flexible, efficient and easy to manage," Roberts said. "Interceptas will enhance our fraud prevention capabilities, help Southwest maintain a low cost structure and ensure a superior overall experience for Customers purchasing on southwest.com." Interceptas is the first end-to-end solution that addresses the entire business process of combating fraud from the perspective of the online travel merchant.
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