DOCSLIB.ORG

Payment Cards 12 Debit Cards, EBT and Broadband 13 Payment Card Industry/Data Security Payment Card Standard (PCI DSS) 15 Loyalty Programs 16

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Payment Cards 12 Debit Cards, EBT and Broadband 13 Payment Card Industry/Data Security Payment Card Standard (PCI DSS) 15 Loyalty Programs 16 SECTION 2 Proprietary CITGO Payment Cards 12 Debit Cards, EBT and Broadband 13 Payment Card Industry/Data Security Payment Card Standard (PCI DSS) 15 Loyalty Programs 16 For Good Measure Because plastic has long ago overtaken paper as the preferred method of payment, it is important that CITGO offer a host of payment card options to fit the needs and lifestyles of its customers. This year’s payment card line-up features enhancements and tools guaranteed to keep your custom- ers reaching for their CITGO Cards: • The Business Select MasterCard® provides the same benefits as the CITGO Business Select Card and can be used at ALL sites, including non-CITGO locations! • Our partnership with Heartland and SPRINT brings you a turnkey, competitively priced solution for your broadband needs. • The CITGO PCI e-Learning Center provides a single-source destination to help you with your PCI and information security training needs. • Preferred vendor Centego can help you create a customized loyalty program perfect for your busi- ness model. 10 Section 2: Payment Card PROPRIETARY CITGO PAYMENT CARDS Now that the new Centennial Image is available and the CITGO logo has broken free of its box, we’re updating our payment card suite to match. While some cards All CITGO customers are important to the success of your business. However, those wielding CITGO will receive a complete make-over, others will keep their current look, and feature proprietary payment cards are the most valuable only a refreshed CITGO logo. But, no matter how drastic or minimal the change the of all. Research shows that proprietary gasoline benefits of each card remain the same. cardholders are more likely to patronize a single Please continue to accept all card designs for all CITGO proprietary payment brand than the average customer. cards as a valid form of payment until they are phased out over the next year. CITGO Plus New Design Citi® Platinum Select® CITGO CELEBRITY® Card Coming in 2011 CITGO MasterCard • Up to 4 percent rebates on CITGO charges New Design and up to 1 percent rebates on other qualified Coming in 2011 purchases (up to a maximum of $50 in rebates each billing cycle) • No annual fee • Consolidation of gas charges • Worldwide MasterCard acceptance • Pay-at-the-pump convenience • Platinum card status • Flexible payment options • 5 percent rebates on • Additional cards for family and friends Your customers can apply by: domestic airline tickets at no extra cost • Calling 1-888-MY-CITGO • Credit card protection (all credit and • Itemized monthly statements • Logging on to www.citgo.com debit cards) • Access to online bill pay Your customers can apply by: • Completing an application available at all CITGO gas stations and mailing it in • Calling 1-800-GO-CITGO This premium “niche” consumer card features an active base of around 26,000 accounts • Logging on to www.citgo.com and has an annual fee of $29. For complete • Completing an application available at all CITGO Gift Card information, have your customers contact CITGO gas stations and mailing it in 1-800-756-2484. Credit Card Application Acrylic Holders CITGO refills these holders with new applications each time new Point of Purchase (POP) materials are installed. All that is required of you is to keep the holders filled in between • Just like cash POP campaigns. • No dormancy fee Remember, two holders are required per • No expiration date each dispenser. To order, contact your Region • Rechargeable Marketing Programs Manager. • Balance check availability Customers are able to set the value of their card in whole dollar increments ranging from $5 to $300 at no cost to you or them. Just activate through the in-store Point of Sale (POS) terminal at the time of purchase, and they are ready to go. 12 Section 2: Payment Card VIP Hotline DEBIT CARDS, EBT AND Marketers and Retailers, but not consumers, BROADBAND may contact the CITGO/FleetCor Sales Manager Debit cards are a force with which to be using the information below to have an applica- reckoned, rivaling cash and credit cards as tion fast-tracked through the credit approval today’s payment method of choice. process, receive help closing a sale or answer The following is a list of debit networks any fleet-related questions. currently available to all participating CITGO HelpDesk retail locations: 1-800-561-4991 • ACCEL • Pulse/Tyme • AFFN • Quest EBT CITGO VIP Hotline CITGO Business, Business Select, • Alaska Option • NYCE 1-866-249-4723 Business Select MasterCard® and Fax: 1-877-470-2234 • CU24 • Star In-Store Cards [email protected] • Interlink • Visa ReadyLink Fleet managers handling dozens of vehicles • Maestro across state lines as well as local fleet managers CITGO/FleetCor Sales Managers with several vans or trucks are prime candidates Central Region for the CITGO Business card. The Business Select MasterCard provides Richard Cyr the same benefits as the CITGO Business Select (AR, IN, LA, MI, TX) Card, and it can be used at ALL sites, including 281-830-4879 non-CITGO locations! [email protected] Mark Kapturski If you’re interested in enrolling any or all of your Competitive Rebate Incentive (IL, WI) retail locations in the program, please contact the Your customers will continue to receive the 708-516-7913 CITGO POS HelpDesk at 1-800-533-3421, option 2. competitive rebate of 5 cents-per-gallon when [email protected] they use their CITGO Business/Business Electronic Benefits Transfer (EBT) Northeast Region Select cards (excludes CITGO Business Select EBT consi sts of two parts––Cash Benefit and MasterCard) during the first three months the Richard Cyr Food Stamps. CITGO currently offers Cash account is open. This rebate will appear as a (CT, DE, MA, ME, NH, NJ, NY, PA, RI, VT, WV) Benefit EBT through locations set up for debit credit on their second monthly statement. 281-830-4879 processing via Citicorp EBT and Quest EBT. [email protected] VeriFone Ruby and Sapphire system users Tiered-Volume Rebate Anthony Simmons can process electronic food stamp cards (EBT All CITGO Business Select and Business Select (MD, VA) Food Stamps) in most states. These systems MasterCard cardholders are eligible for the tiered- 202-812-9595 make processing food stamps much easier; they volume rebate.* These cardholders represent [email protected] require less training and are less likely to result 5 percent of our existing fleet accounts. in fraud or chargebacks. Most important, they The tiered structure is based on gallons Southern Region increase your sales potential by making it possible purchased and places the program among the Denny Easterday to meet the needs of an unconventional customer most competitive in the marketplace. (AL, FL, GA, MS, NC, SC, TN) payment card group. Call 1-800-533-3421, 770-617-5425 option 2, option 3 for more information. Gallons Per Month Cents-Per-Gallon (CPG) [email protected] 500 – 2,499 1 Certified POS Systems 2,500 – 4,999 2 Web Presence The 2011 CITGO Certified POS Systems include: 5,000 – 6,999 3 A page on www.citgo.com enables customers • Gilbarco Passport (dial, VSAT and Internet) to apply, pay their bill and access their account 7,000 – 9,999 4 to manage fuel restrictions, set card limits and • Pinnacle Palm (dial, VSAT and Internet) 10,000+ 5 restrictions, cancel a card, etc. • VeriFone Ruby (dial, VSAT and Internet) • VeriFone Ruby/Sapphire (dial, VSAT *The tiered rebate applies only to purchases Customer Appreciation and Internet) made at CITGO-branded locations. Utilizing statement messages and inserts, CITGO • VeriFone Topaz/Sapphire (dial, VSAT Marketing Blitz will thank existing customers for their business and Internet) and contact inactive customers, encouraging A sales team has been assembled to help grow • VeriFone Vx570 stand-alone terminal them to visit their local CITGO station. the program, and a marketing brochure geared • FISCAL toward fleet customers is available. Section 2: Payment Card 13 Broadband Internet-Based Processing peace of mind that comes with knowing you are always running PCI-compliant software CITGO has partnered with Heartland and SPRINT and that any POS issues will be handled by a to bring you a turnkey, competitively priced professional service technician. solution for your broadband needs. Heartland provides the encryption module through its VeriFone HelpDesk and Software SmartLink technology; SPRINT provides the Maintenance Program connectivity piece of the solution, with its state- of-the-art 4G wireless product. Both product VeriFone now requires all users to subscribe lines are fully PCI compliant. to a HelpDesk and Software Maintenance program. But, CITGO was able to negotiate VeriFone Managed Service Program a price reduction for this service, and we’re passing it on to you! You are not required We have partnered with VeriFone to bring you to take advantage of this month-to-month a Managed Service Program, which will allow program, but you must complete an “opt you the use of either a full Ruby/Sapphire out” form if you don’t wish to participate. system or a Sapphire upgrade for your Ruby Additionally, VeriFone no longer allows at a low, fixed, monthly price. This solution CITGO to make courtesy calls at the request provides full, on-site maintenance and the of retail locations. 14 Section 2: Payment Card To obtain additional information on whether or not these solutions can benefit your business, contact one of the CITGO POS Product Managers listed below. Donna Gordon 1-800-423-8434, ext. 4781 Fax: 832-486-4476 [email protected] Jeff Maybray 1-800-423-8434, ext. 4782 Fax: 832-486-4476 [email protected] Sherry Thompson 1-800-423-8434, ext. 5494 Fax: 832-486-4476 [email protected] PAYMENT CARD INDUSTRY/DATA SECURITY STANDARD (PCI DSS) In 2006, VISA International, MasterCard Worldwide, American Express, Discover Financial Services and JCB jointly announced the formation of an independent council designed to manage the ongoing evolution of the Payment Card Industry (PCI) Data Security Standard (DSS), which focuses on improving payment account security throughout the transaction process.
Load more

Recommended publications
  • Enabling Commerce in the World's Most Under Penetrated Payments
    Enabling Commerce In The World’s Most Under Penetrated Payments Market Network International Holdings Plc Annual Report and Accounts 2019 Network International Holdings Plc 01 Annual Report and Accounts 2019 We are Network International, the leading payment solutions provider in the Middle East and Africa. Our innovative solutions drive revenue and profitability for our customers. To read our Annual Report online go to www.network.ae Market opportunity Under penetrated payments markets R Read more on page 10 Business model A unique We are enabling and leading the transition from cash proposition to digital payments across the Middle East and Africa, one of the fastest growing payments markets in the world. R Read more on page 14 Strategic Report Governance Financial Statements 2019 Highlights 02 Corporate Governance Report 72 Independent Auditor’s Report 138 Our Industry 04 Board of Directors 74 Consolidated Statement Strategy in action Our Business at a Glance 06 Executive Management Team 76 of Financial Position 144 Chairman’s Statement 08 Audit and Risk Committee Report 88 Consolidated Statement of Profit or Loss 145 Market Overview 10 Nomination Committee Report 100 Market leading Consolidated Statement of Our Track Record 12 Directors’ Remuneration Report 102 other Comprehensive Income 146 Our Business Model 14 Directors’ Report 130 Consolidated Statement technology Chief Executive Officer’s Review 16 Going Concern Statement of Changes in Equity 147 Our Strategic Framework 20 and Viability Statement 136 Group Statement of Cash Flows
    [Show full text]
  • (2019). Bank X, the New Banks
    BANK X The New New Banks Citi GPS: Global Perspectives & Solutions March 2019 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi Authors Ronit Ghose, CFA Kaiwan Master Rahul Bajaj, CFA Global Head of Banks Global Banks Team GCC Banks Research Research +44-20-7986-4028 +44-20-7986-0241 +966-112246450 [email protected] [email protected] [email protected] Charles Russell Robert P Kong, CFA Yafei Tian, CFA South Africa Banks Asia Banks, Specialty Finance Hong Kong & Taiwan Banks Research & Insurance Research & Insurance Research +27-11-944-0814 +65-6657-1165 +852-2501-2743 [email protected] [email protected] [email protected] Judy Zhang China Banks & Brokers Research +852-2501-2798
    [Show full text]
  • Fidelity® Total Market Index Fund
    Quarterly Holdings Report for Fidelity® Total Market Index Fund May 31, 2021 STI-QTLY-0721 1.816022.116 Schedule of Investments May 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 99.3% Shares Value Shares Value COMMUNICATION SERVICES – 10.1% World Wrestling Entertainment, Inc. Class A (b) 76,178 $ 4,253,780 Diversified Telecommunication Services – 1.1% Zynga, Inc. (a) 1,573,367 17,055,298 Alaska Communication Systems Group, Inc. 95,774 $ 317,970 1,211,987,366 Anterix, Inc. (a) (b) 16,962 838,941 Interactive Media & Services – 5.6% AT&T, Inc. 11,060,871 325,521,434 Alphabet, Inc.: ATN International, Inc. 17,036 805,292 Class A (a) 466,301 1,099,001,512 Bandwidth, Inc. (a) (b) 34,033 4,025,764 Class C (a) 446,972 1,077,899,796 Cincinnati Bell, Inc. (a) 84,225 1,297,065 ANGI Homeservices, Inc. Class A (a) 120,975 1,715,426 Cogent Communications Group, Inc. (b) 66,520 5,028,912 Autoweb, Inc. (a) (b) 6,653 19,028 Consolidated Communications Holdings, Inc. (a) 110,609 1,035,300 Bumble, Inc. 77,109 3,679,641 Globalstar, Inc. (a) (b) 1,067,098 1,707,357 CarGurus, Inc. Class A (a) 136,717 3,858,154 IDT Corp. Class B (a) (b) 31,682 914,343 Cars.com, Inc. (a) 110,752 1,618,087 Iridium Communications, Inc. (a) 186,035 7,108,397 DHI Group, Inc. (a) (b) 99,689 319,005 Liberty Global PLC: Eventbrite, Inc. (a) 114,588 2,326,136 Class A (a) 196,087 5,355,136 EverQuote, Inc.
    [Show full text]
  • Terms and Conditions of Merchant Service Agreement
    TERMS AND CONDITIONS OF MERCHANT SERVICE AGREEMENT 1. INTRODUCTION AND DEFINITIONS. This document, “Terms and Conditions of Merchant Service Agreement” (“Terms and Conditions”) accompanies the document “Global Payments Merchant Application” (“Merchant Application”). The Merchant Service Agreement (“Agreement” or “Card Services Agreement”) includes these Terms and Conditions and the terms and conditions of the Merchant Application. The Member bank identified in such Merchant Application (“Member”) is a member of Visa USA, Inc. (“Visa”) and MasterCard International, Inc.(“MasterCard”). Global Payments Direct, Inc.(“Global”) is a registered independent sales organization of Visa, a member service provider of MasterCard and a registered acquirer for Discover Financial Services LLC (“Discover”). Merchant and Global Direct agree that the rights and obligations contained in these Terms and Conditions of Merchant Service Agreement do not apply to the Member with respect to Discover transactions and Switched Transactions (as defined below). To the extent Merchant accepts Discover cards, the provisions in this Agreement with respect to Discover apply if Merchant does not have a separate agreement with Discover. To the extent Merchant accepts Discover cards and has a separate agreement with Discover, Discover card transactions shall be processed as Switched Transactions (as defined below) . Any references to the Debit Sponsor shall refer to the debit sponsor identified below. The Agreement is between Global Direct, the Member and the merchant identified in the Merchant Application (“Merchant”). Under the terms of the Agreement, Merchant will be furnished with the services and products described herein and in the Merchant Application, and selected by Merchant therein (collectively and individually, as applicable, the “Services”).
    [Show full text]
  • The Securities and Exchange Commission Has Not Necessarily Reviewed the Information in This Filing and Has Not Determined If It Is Accurate and Complete
    The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington, D.C. 20549 OMB Number: 3235-0006 FORM 13F Expires: July 31, 2015 Estimated average burden FORM 13F COVER PAGE hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 03-31-2019 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: AMALGAMATED BANK Address: 275 SEVENTH AVENUE 9TH FLOOR NEW YORK, NY 10001 Form 13F File 028-04148 Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: GREGORY W SPOCK VICE PRESIDENT - TRUST COMPLIANCE Title: OFFICER Phone: 212-895-4836 Signature, Place, and Date of Signing: GREGORY W SPOCK NEW YORK, NY 05-15-2019 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT.
    [Show full text]
  • Company Profile and Experience 4.2.6.1 Corporate and Organization Structure
    Florida EBT Proposal Presented to 5 Company Profile and Experience 4.2.6.1 Corporate and Organization Structure 5 Company Profile and Experience ITN Section 4.2.6 4.2.6.1 Corporate and Organization Structure The Respondent shall provide a description of its corporate organization. In addition, the Respondent shall confirm that all customer service call center staff performing services under the terms and conditions of this award will be located within the United States. FIS confirms that all customer service call center staff performing services under the terms and conditions of this ITN will be based within the United States. FIS, a Fortune 500 company, is the leading provider of financial institution core processing; EBT processing for state government agencies; prepaid card solutions; card issuer and transaction processing services; and providing services for financial institutions and retailers throughout the world. Headquartered in Jacksonville, Florida, FIS has a strong global presence, serving more than 14,000 financial institutions in more than 100 countries worldwide. FIS has processing and technology relationships with 40 of the top 50 global banks, including eight of the top 10. FIS is a member of Standard & Poor‘s (S&P) 500® Index, and were named the number one overall financial technology provider in the world by American Banker and Financial Insights (FinTech100). We are also pleased to have been recognized by numerous industry experts for our strong market presence, service excellence, financial performance, and product
    [Show full text]
  • 21-0459 Agenda Item Report
    Walton County Board of County Commissioners 21-0459 AGENDA ITEM REPORT Meeting: Board of County Commissioners - Mar 23 2021 Department: Clerk Submitted by: Jed Sconiers Staff Contact: Mary King, Admin Services Coord. ☒ Consent Agenda ☐ Regular Agenda ☐ Public Hearing TITLE/REQUESTED ACTION: Request to approve and authorize the Chairman to sign the addendum and ratify the agreement with Openedge for card processing for the new Energov software ATTACHMENTS: County Department Agenda Request Form (002) OpenEdge_Addendum AGENDA SUBMISSION FORM BOARD OF COUNTY COMMISSIONERS WALTON COUNTY, FLORIDA ☒ CONSENT AGENDA MEETING DATE: March 23, 2021 ☐ REGULAR AGENDA MEETING LOCATION: South Walton Annex ☐ PUBLIC HEARING SUBMISSION DEADLINE: March 16, 2021 DEPARTMENT: SUBMITTED BY: TITLE / REQUESTED ACTION: Request approval for addendum and ratify agreement between Walton County and Openedge PURPOSE / SUMMARY EXPLANATION OR HISTORY: Openedge will be the credit card processor for the new Energov software. This addendum changes the credit card fees from a variable rate to a flat fee. IF THIS ITEM HAS A CURRENT IF REQUIRED, HAS THIS ITEM BEEN FINANCIAL IMPACT, HAS IT BEEN REVIEWED BY LEGAL AS TO FORM: REVIEWED BY THE FINANCE ☒Yes ☐No DIRECTOR: ☒Yes ☐No LIST DOCUMENTS FOR EXECUTION: TOTAL COST ASSOCIATED WITH REQUEST: ☒ AGREEMENT/ CONTRACT ☐ ORDINANCE ☐ RESOLUTION ☐ FINAL ORDER ☐ OTHER: IS THIS BUDGETED? ☐Yes ☐No OTHER MATERIAL/EXHIBITS ACCOUNT DESCRIPTION: ATTACHED: FUNDING TYPE: SUBMIT COMPLETED FORM TO: Mary King, Administrative Services Coordinator Phone: 850-892-8155 Email: [email protected] 76 North 6th Street, DeFuniak Springs, FL 32433 Page 2 of 33 DocuSign Envelope ID: 6ED26FBC-BAD2-42A2-9C7D-5187E89A45C1 Merchant Application Business Information Merchant's DBA Name/Outlet Name: Merchant's Legal Name: Walton County Board of County Commissioners Walton County Board of County Commissioners Physical Street Address (No P.O.
    [Show full text]
  • EVO Is a Registered ISO/MSP for Deutsche Bank Trust
    MERCHANT PROCESSING AGREEMENT E. Electronic Transmission. In using electronic authorization and/or data capture services, you will enter the data related to a sales or credit transaction into a computer terminal or magnetic stripe reading terminal no later than the close of business on the This document, “Merchant Processing Agreement” (the “Agreement”), accompanies the document “Merchant Application” date the transaction is completed (unless otherwise permitted by the Rules). Failure to do so may result in the assessment of a (“Merchant Application”) and includes the Terms and Conditions set forth below (the “Terms and Conditions”) together with the transaction surcharge on non-qualifying transactions and, at EVO’s sole discretion, the deposit of the funds received for such sales terms and conditions of the Merchant Application. The bank (“Bank”) identified in this Agreement is a member of Visa Inc. (“Visa”) or credit transaction into the Reserve Account. If you provide your own electronic terminal or similar device, such terminal must and Mastercard International, Inc. (“Mastercard”), and is Deutsche Bank Trust Company Americas. EVO Merchant Services, LLC d/b/a meet EVO and Bank’s requirements for processing transactions. Information regarding a sales or credit transaction transmitted EVO (“EVO”) is a registered independent sales organization of Visa and a member service provider of Mastercard. This Agreement with a computer or magnetic stripe reading terminal will be transmitted by you to EVO and Bank or their agent in the form EVO is between EVO, Bank, and the merchant identified in the Merchant Application (“you” or “Merchant”). Merchant and EVO agree and Bank from time to time specify or as required under the Rules.
    [Show full text]
  • North American Bancard
    TERMS AND CONDITIONS OF MERCHANT SERVICE AGREEMENT 1. INTRODUCTION AND DEFINITIONS. This document, “Terms and Conditions of Merchant Service Agreement” (“Terms and Conditions”) accompanies the document “Global Payments Merchant Application” (“Merchant Application”). The Merchant Service Agreement (“Agreement” or “Card Services Agreement”) includes these Terms and Conditions and the terms and conditions of the Merchant Application. The Member bank identified in such Merchant Application (“Member”) is a member of Visa USA, Inc. (“Visa”) and MasterCard International, Inc. (“MasterCard”). Global Payments Direct, Inc. (“Global”) is a registered independent sales organization of Visa, a member service provider of MasterCard and a registered acquirer for Discover Financial Services LLC (“Discover”). Merchant and Global Direct agree that the rights and obligations contained in these Terms and Conditions of Merchant Service Agreement do not apply to the Member with respect to Discover and Paypal transactions and Switched Transactions (as defined below). To the extent Merchant accepts Discover cards, the provisions in this Agreement with respect to Discover apply if Merchant does not have a separate agreement with Discover. To the extent Merchant accepts Discover cards and has a separate agreement with Discover, Discover and PayPal card transactions shall be processed as Switched Transactions (as defined below) . Any references to the Debit Sponsor shall refer to the debit sponsor identified below. The Agreement is between Global Direct, the Member and the merchant identified in the Merchant Application (“Merchant”). Under the terms of the Agreement, Merchant will be furnished with the services and products described herein and in the Merchant Application, and selected by Merchant therein (collectively and individually, as applicable, the “Services”).
    [Show full text]
  • Discover Meeting
    Meeting Between Federal Reserve Staff And Representatives of Discover Financial Services (Discover) October 28, 2010 Participants: David Nelms and Kelly McNamara (Discover); Dave Schneider (PULSE) Louise Roseman, Stephanie Martin, Dena Milligan, David Stein, Ky Tran-Trong, Mark Manuszak, David Mills, Chris Clubb, Jeffrey Yeganeh and Edith Collis (Federal Reserve Board); Julia Cheney (Federal Reserve Bank of Philadelphia) Summary: Federal Reserve staff met with representatives of Discover to discuss the interchange fee provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). Discover Financial Services issues debit cards and owns a PIN network (commonly referred to as PULSE). Using prepared materials, representatives of Discover provided background on Discover's debit cards, its PIN network, and the PIN-debit market more generally. As part of this discussion, representatives from Discover also discussed fraud-prevention capabilities offered by the network and characteristics of the current market that enhance a network's ability to monitor and detect fraud. Representatives of Discover discussed possible approached to establishing issuer- specific interchange fees and preventing evasion of the interchange fee and network routing/exclusivity provisions of the Dodd-Frank Act. A copy of the prepared materials distributed at the meeting is attached. Perspectives on the U.S. Debit Market October 28, 2010 DISCOVER Topics for today • Overview of Discover Financial Services and our debit businesses • Evolution of the debit market • Network competition in debit Overview of Discover Financial Services Discover: DISCOVER • $94 BN volume • 30+ issuers US card issuing • $45 BN in receivables Diners Club International: • Leading cash rewards program • $27 BN volume • 1 in 4 U.S.
    [Show full text]
  • Financial Technology Sector Summary
    Financial Technology Sector Summary February 11, 2016 Financial Technology Sector Summary Financial Technology Sector Summary Table of Contents I. GCA Savvian Overview II. Market Summary III. Payments / Banking IV. Securities / Capital Markets / Data & Analytics V. Healthcare / Insurance 2 Financial Technology Sector Summary I. GCA Savvian Overview 3 Financial Technology Sector Summary GCA Savvian Overview Independent Investment Bank Focused on Growth Sectors of the Global Economy » Leading provider of mergers and acquisitions, 7+ AREAS OF INDUSTRY EXPERTISE private capital agency and capital markets advisory services, and private funds services Financial Technology Business & Tech Enabled Services » Headquarters in San Francisco and offices in Media & Digital Media Industrial Technology New York, London, Tokyo, Osaka, Singapore, Telecommunications Healthcare Mumbai, and Shanghai » Majority of U.S. senior bankers previously with Goldman Sachs, Morgan Stanley, Robertson Stephens, and JPMorgan 100+ CROSS - BORDER TRANSACTIONS » Senior level attention and focus, extensive transaction experience and deep domain insight 20+ REPRESENTATIVE COUNTRIES » Focused on providing strategic advice for our clients’ long-term success 580+ CLOSED TRANSACTIONS » 225+ investment banking professionals $145BN+ OF TRANSACTION VALUE 4 Financial Technology Sector Summary GCA Savvian Overview Financial Technology Landscape » GCA Savvian divides Financial Technology Financial Technology into three broad categories − Payments & Banking − Securities & Capital Markets
    [Show full text]
  • A Global Look at Central Bank Digital Currencies from Iteration to Implementation
    Research AUGUST 2020 Whitepaper A Global Look at Central Bank Digital Currencies From Iteration to Implementation COMISSIONED BY About Research The Block is an information services company founded in 2018. Its research arm, The Block Research, produces research content that covers the digital asset, fintech and financial services industries. The Block Email: [email protected] Twitter: @TheBlock__ The Block Research Email: [email protected] Twitter: @theblockres KPMG LLP is an independent U.S. member firm of KPMG International Coopera - tive ("KPMG International"). KPMG’s Cryptoasset Services is a dedicated practice focusing on crypto and digital assets solving core challenges for our existing and new clients. The Block collaborated with KPMG Cryptoasset Services to research and analyze the state of CBDC adoption and technology. BRD is a global company that’s bringing blockchain-enabled financial services and infrastructure to the modern generation. BRD is a venture-backed company that has raised $56mm from SBI Holdings, Ripple, and other top investors focused on banking, FinTech, and the blockchain. BRD is the maker of both Blockset by BRD for the enterprise market and the BRD mobile apps for over 5M consumers worldwide. Contact Information Spencer Chen, Chief Marketing Officer Email: [email protected] v1.02 Acknowledgements Abstract Lead Authors: Modern digital financial innovations – namely the rise of electronic money (e-money) – have brought to light deficiencies in existing money and payment systems. Furthermore, the emergence of crypto assets and private stablecoins, particularly Bitcoin in 2008 and Libra in 2019, have sparked intense debate around the role Ryan Todd Mike Rogers and authority of central banks; some are even speculating on a Research Analyst Research Analyst coming financial paradigm shift worldwide.
    [Show full text]