WHAT IS CARDFLASH INTERNATIONAL?
CARDFLASH® International is a news service for payment card industry
professionals. Each day CardFlash® International covers at breaking
news stories impacting the international payment card industry. The
coverage includes new products and services, quarterly financials on
industry players, monthly management benchmarks, mergers and
acquisitions, legislative updates, strategic alliances and
partnerships, legal issues, management changes and much more. Service
is geared towards credit and debit card issuers, smart card and phone
card providers, processors, acquirers, transaction and management
software producers, transaction terminal suppliers, merchant banks,
e-commerce firms or any executive with involvement in the payment card
business. A summary of each weeks's stories is transmitted by email
week. CardFlash® International subscribers have online access to the
current day's news plus all archived news.
Electronic payment systems software provider ACI Worldwide reported revenue of $92.6 million in the quarter, a 3% over the prior-year period. Net loss for the quarter was $3.5 million, compared to net loss of $0.4 million during the same period last year. (UNITED KINGDOM)
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The first card in India that combines the Delhi Metro Rail "Metro Smart Card" and a "Citibank Credit Card" has been launched. The new "Delhi Metro Citibank Credit Card" offers reward points that can be redeemed for free Metro rides. (INDIA)
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Hypo- Vereinsbank has introduced ten "Maestro" smart payment cards in honor of Munich's 850th anniversary. The cards feature motifs related to Munich. More than 7500 HVB customers have already ordered one of the ten picture cards in this first month of the special offer. (GERMANY)
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Montise and Metavante have partnered with Carphone to launch a "mobile money" scheme with the "Carphone Warehouse Prepay Card." Managed from the user's mobile phone, the prepaid card, which will be generated and provided by Metavante Technologies, can be used for transactions with millions of outlets worldwide, while Monitise will offer access to mobile banking and the payments network. (UNITED KINGDOM)
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