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| Subject: Seattle's Best Coffee Latte Cards Thursday, April 18, 2002 | |
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Author: yes I notice pork is goin on about coffee up at stockhouse |
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Date Posted: 03:56:28 02/08/03 Sat Thursday, April 18, 2002 VISA Debit VISA continues to maintain overwhelming leadership in the U.S. off-line debit card market with a commanding 77% share. VISA Check Cards now represent 35.3% of VISA's total U.S. card volume compared to 17% just five years ago, and VISA is now processing more debit transactions than credit transactions in the USA. (-- read more --) Household 1Q/02 Household reported an 18% increase in first quarter profits of $511 million, despite the seasonal runoff in credit card balances and a relatively weak economy. Household's real estate secured portfolio and tax refund loan businesses were the main drivers of profitability. (-- read more --) MBNA & FUSA & Wachovia MBNA America Bank confirmed Wednesday the acquisition of $1.3 billion in relationship credit card loans from Wachovia as the result of last year's merger of merger of First Union and Wachovia. (-- read more --) Latte Cards Stored value cards are quickly taking hold in the gourmet coffee market. Seattle's Best Coffee will announce today the national introduction of the "Seattle's Best Card" and will kick off the launch by handing out 10,000 cards in the greater Seattle area this morning. (-- read more --) ADS 1Q/02 Alliance Data Systems reported a 16% increase in first quarter revenue from $181.2 million to $210.3 million. (-- read more --) $1M-$10M 1Q/02 Peer Of the five issuers with outstandings between $1 million and $10 million, reporting thus far in CardData's 1Q/02 portfolio survey, only one issuer showed an increase in outstandings compared to the first quarter of 2001. (-- read more --) Issuer Optimization Software Dulles, VA-based Marketswitch Corporation has signed a software license agreement with a top five credit card issuer for Marketswitch's new line of Pricing and Revenue Optimization applications which enables card issuers to optimize portfolio management decisioning by assigning the right credit line adjustments to existing customers based on business and risk objectives (-- read more --) Wireless Parking Meters SchlumbergerSema has signed a contract with the City of Portland, Oregon, to deliver the largest parking solution in the U.S. that involves the installation of 900 Stelio wireless solar powered multi-space parking terminals throughout the city over the next five years (-- read more --) E&Y Signs International Processor Ernst & Young has signed a deal with Bermuda-based Promisant to integrate the capabilities of E&Y's International Tax Services practice, including income tax, customs and sales tax/VAT consulting, with Promisant's global transaction payment processing (-- read more --) Select Payment Partner Dallas-based Texas Capital Bancshares has signed an agreement to collaborate with Irving, TX-based Select Payment on developing a reseller strategy for Select Payments's Web-based electronic check processing services in exchange for an equity position (-- read more --) TeleCheck ICS Purchase TeleCheck has acquired the assets of NJ-based International Check Services, which adds 29,000 new subscribers to TeleCheck's services (-- read more --) Wave Systems Certified MA-based Wave Systems' USB-based device drivers, for next generation smart card readers used for a broad range of e-commerce applications, have received Microsoft Windows XP Hardware Quality Labs certification. (-- read more --) Latest Updates Posted to CardData Today: Payment Rates and Recovery data for the February performance period. 1Q/02 Portfolio Reports from Boeing Employees Credit Union, Technology Credit Union Security Services FCU, and Zions Bancorp. 1Q/02 Earnings Reports from Alliance Data Systems. For details on CardWeb.com's financial surveillance service visit http://www.carddata.com (password access required). Posted to CardWatch Today: DIRECT MAIL - MBNA "Platinum Plus MasterCard 0% APR 10/02". PRINT ADS - VISA "Priority Club Rewards" and Discover "Walgreens Acceptance". For details on CardWeb.com's marketing intelligence service visit http://www.cardwatch.com (password access required). [ Next Thread | Previous Thread | Next Message | Previous Message ] |