Tuesday, March 9, 2010

StorValue to Launch Fifth Reward-filled Prepaid Card Program, Demonstrating Its Novel, Rapidly Growing Offering

 StorValue Card SolutionsLeading Manager, Distributor of Branded Prepaid Debit Cards Shows Its Lowest-Fee Programs Generate Loyal Cardholders with High Reload Rates, Reward Redemptions




COCONUT CREEK, Fla.--(BUSINESS WIRE)--StorValue™ Card Solutions will soon launch its fifth branded card program, Campus Dough DebitSmart™ Visa® Prepaid Card, filling a void left by the recent Credit CARD Act, which makes it more difficult for students to get credit cards. StorValue teamed with University Parent Media to offer the innovative, reward-filled Campus Dough card to address this issue.



The University Parent card program is on the heels of other recent successful card launches including the EA SPORTS DebitSmart Visa® Prepaid Card, DebitSmart™ Visa® Prepaid Card, MySchoolDebitCard™ Visa® Prepaid Card, and the FuelLinks DebitSmart™ Visa® Prepaid Card Program.



Last year, credit card companies mailed millions of decline letters to credit card applicants due to more stringent underwriting standards. Since then, the Credit CARD Act was passed, requiring consumers less than 21 years old to provide proof of income to repay card loans or have a co-signer. This has left many people – young and old - without a card option, or has forced them into looking at high-fee debit cards with few, if any, benefits. StorValue’s cards are quickly becoming the solution and setting a new standard for what a prepaid debit card should be.



Thomas Borzilleri, CEO of StorValue, said, “For consumers, we have opened their eyes to a whole new way to think about prepaid debit cards – make them work for you with rewards and discounts from tens of thousands of retailers. By offering the lowest available user fees, StorValue is demonstrating that prepaid debit cards can be used to save money and spend responsibly. And, cardholders are beginning to recognize the convenience of virtual banking with StorValue prepaid cards, too.



“For businesses, StorValue has created a novel way to entrench customers across a variety of social and economic demographics. Our card programs’ unmatched benefits, features and high reload rates are appealing to student and young adult, sport, ethnic, middle-market and luxury brands alike because we help them to build loyalty – whether the company is selling insurance or clothing or food,” concluded Borzilleri.



At the same time, the programs provide consumers with security and enable them to use ‘plastic’ to buy online or at the 20 million places where Visa prepaid cards are accepted, while allowing sponsoring businesses and organizations to provide a vital and engaging service to their stakeholders. With a strong track record of performance, StorValue is emerging as the industry leader in providing rewards-based and loyalty-branded card solutions.



With each program, the company collaborates with a brand from concept to activation, creating a seamless ‘end-to-end’ solution to achieve a successful co-branded rewards program through prepaid debit cards. Last fall, StorValue introduced the StorValue Card Design Studio, establishing it as the first prepaid card program manager in the industry to offer card personalization functionality across its entire suite of card products. StorValue cardholders can now customize their card designs with their own personal image or photo. Today, StorValue is the fastest-growing program manager and distributor of Visa and MasterCard® prepaid cards.



The co-branded prepaid cards are reloadable, and funds can be loaded from a payroll direct deposit, checking account or GreenDot and Western Union retail locations nationwide. In addition, the cards are accessible through millions of ATMs worldwide.



About StorValue

StorValue is the country’s fastest-growing program manager and distributor of branded stored value prepaid debit cards. Emerging as the industry leader in providing rewards-based and loyalty-branded card solutions, our programs deliver unmatched benefits, features, and resources to a wide variety of businesses and consumers. StorValue’s cards provide security, convenience, and value-added benefits to cardholders, while allowing sponsoring businesses and organizations to provide a vital and engaging service to their stakeholders. For more information, please visit http://www.storvalue.com or call 877-481-9333 ext 101.





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StorValue, University Parent Media to Launch ‘Campus Dough,’ Reward-filled Prepaid Cards for Students, Filling Void from Credit CARD Act

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ETA to Conduct Investment Community Forum in Las Vegas

Official seal of Las Vegas
Washington, March 8, 2010 -- The Electronic Transactions Association (ETA) will conduct its first-ever Investment Community Forum in conjunction with the association’s Annual Meeting & Expo in Las Vegas, NV, on Tuesday, April 13, 2010.



“The payments business is getting more and more attention from investors of all types and levels, but it is more unique and complex than many other parts of the financial services industry” says ETA’s CEO Carla Balakgie. “At the same time, many executives in our field are not familiar with the investment side of financial services and what those opportunities represent for their company. The Investment Community Forum is designed to bridge that mutual knowledge gap”



Executives from leading payments companies will give investors a thorough grounding in the fundamentals of the industry and provide a look into the dynamics and technologies influencing the future and potential of electronic transactions. And representatives of investment companies already active in the payments business will describe what they believe to be the key opportunities and winning strategies for successful portfolio management in this arena.



The all-day event also will feature a keynote presentation by Collin Roche, Principal, GTCR Golder Rauner, LLC, who will discuss the changing nature of the industry, keys to success, potential pitfalls, and return expectations. GTCR has made successful investment forays in several payments industry companies. A networking lunch is included.



ETA’s Investment Community Forum is open to both investors and to executives from companies of all types in the payments value-chain. For registration or further information, visit www.electran.org .



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About ETA:


The Electronic Transactions Association is an international trade association representing more than 500 companies who offer electronic transaction processing products and services.



Source: Company press release.





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Visa appoints Elizabeth Buse Group Executive, International

Visa Debit logo
San Francisco, March 8, 2010 -- Visa Inc. (NYSE:V) announced today that Elizabeth Buse has been named Group Executive, International, effective April 1. In this new role, she will oversee Visa's global sales and client service functions across Asia-Pacific and Central Europe, the Middle East and Africa (CEMEA), Visa's fastest growing geographies. Ms. Buse, who previously served as Visa's Global Head of Product, will be based in Singapore and report to John Partridge, President Visa Inc.



In announcing Ms. Buse's appointment Joseph Saunders, Visa's Chairman and Chief Executive Officer said, "Under Elizabeth's leadership, Visa has globalized our e-commerce, money transfer and mobile efforts and delivered customer-centric and value-add information products and services that continue to drive the shift to electronic payments and accelerate our growth around the world. Elizabeth also has been a driving force behind our core debit, prepaid, commercial and credit card businesses and other critical product innovations. Visa will benefit immensely from her drive, strong knowledge of the business and the respect she commands from clients, colleagues and Wall Street alike."



The appointment follows the decision by Rupert Keeley, Group President of Asia Pacific and CEMEA, to leave the company. Under Mr. Keeley's leadership, Visa's business in the Asia Pacific region grew significantly and is positioned for further growth.



"I am very grateful for Rupert's many years of service and his success in building the pre-eminent payments business in Asia Pacific. He leaves behind a sound foundation for Visa's continued expansion in Asia Pacific," said Saunders. "I am confident Elizabeth will continue to build on our success there and will ensure that Visa continues to capitalize on the wealth of potential opportunities that exist across Asia Pacific and in our CEMEA geographies."



About Visa: Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com .



Source: Company press release.



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ProfitStars Conference Educates FIs

Dallas, March 8, 2010 -PIN Debit News Blog- The 2010 ProfitStars Educational Conference offers more than 100 informational sessions for financial institutions to learn and network with peers about best practices, gain updates on the latest profit-enhancing solutions and meet with some of the industry’s leading product experts. Payment processing, financial performance, retail delivery and network performance topics will all be focused on minimizing challenges and maximizing opportunities in today’s marketplace.

Select sessions are eligible for CPE (Continuing Professional Education) credits and/or AAP (Accredited ACH Professional) renewal credits by NACHA, a program that recognizes an individual’s expertise in the field of electronic payments.

ProfitStars provides solutions that improve financial institutions’ performance. The company invites its more than 9,100 customers, including 42 of the top 50 U.S. banks and 29 of the top U.S. credit unions, to convene for thought-leadership seminars and discussions about new issues and profit-enhancing trends. The keynote speaker is Thomas Quaadman, executive director for Reporting Policy and Investor Opportunity at the U.S. Chamber Center for Capital Markets Competitiveness.



Where: The Venetian, Las Vegas

When: March 9 – 12, 2010



Contact: Heather Sugg



About ProfitStars


ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com .



About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar™ is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com .

Source: Company press release.





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Heartland Payment Systems Signs Martin Eagle Oil Company as First SmartLink Customer

http://www.HeartlandPaymentSystems.comNew State-of-the-Art Technology Enables Convenience Store and Petroleum Businesses to Streamline Network Operations and Reduce Telecommunications Costs


PRINCETON, N.J.--(BUSINESS WIRE)--Martin Eagle Oil Company, Inc., a multi-branded marketer of motor fuel products, has selected Heartland Payment Systems’® (NYSE: HPY) new SmartLink® technology to create a consolidated managed network for payment transaction data and back-office information. SmartLink will initially be implemented at 11 Martin Eagle locations with the remaining locations to follow shortly.



Heartland’s SmartLink telecommunications technology consolidates multiple in-store communication lines into one high-speed broadband line. This streamlining of network services enables critical business data to be transmitted quickly over a secure, SSL-encrypted connection. The SmartLink Network delivers first-of-its-kind technology that can transmit both transactional data as well as integral back-office information, allowing convenience and petroleum store owners to spend less time managing their networks ― and more time managing their businesses. The merchant gateway allows merchants to monitor their automatic tank gauge data, in-store environmental control system data and daily back-office data such as email, file sharing and internet usage. The payment gateway allows them to monitor their point-of-sale terminals, money-order terminals, check verification, ATM, fleet card and loyalty card transactions.



With SmartLink, businesses receive a single network-related invoice and can rely on one customer service resource for troubleshooting and network monitoring, reducing in-house support costs and the need for additional IT staff. By consolidating multiple phone lines and telecom providers into one network, SmartLink enhances operational efficiency and reduces the costs typically associated with data communications and networked services.



“The benefits of SmartLink are tremendous. The installation was turnkey and seamless, and our entire network operation has been streamlined to run more efficiently,” said Bill Meek, Martin Eagle Oil’s director of information services. “SmartLink has enabled us to provide our dealer locations with additional value-added services, such as new high-speed payment options. We’re looking forward to implementing SmartLink at the rest of our locations.”



Michael Youngkin, transport and monitoring product manager at Heartland, added, “Heartland is pleased to be working with Martin Eagle Oil as our first SmartLink customer. This ‘one-stop-shop’ managed network service resolves the common industry issue of dealing with multiple telecom providers. It enables convenience store and petroleum business owners to streamline processes, reduce overhead ― and concentrate on making their businesses profitable.”



Through a robust dealer network, Martin Eagle supplies fuel products to hundreds of locations in Texas, Oklahoma, Arkansas and Louisiana. It also operates convenience stores under the Quick Track brand in Texas.



Heartland is one of the largest payments processors in the convenience store and petroleum industry, offering a comprehensive suite of products and services including card processing, gift marketing, prepaid services, check management, payroll services and more. For more information about SmartLink, visit SmartLinkPro.com, call 866.976.1359 or email SmartLinkPro@e-hps.com.





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