JCB International Company announced today plans to issue credit cards in China. In cooperation with the People’s Bank of China, JCB plans to grant card-issuing licenses to Chinese commercial banks such as Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications.
SchlumbergerSema, a business unit of Schlumberger Limited, today announced that it has won a comprehensive outsourcing contract from The Coop Bank to manage and operate its central information technology platform.
The Coop Bank awarded the contract, worth over US$7 million, to SchlumbergerSema because of its expertise and experience in managing outsourced IT services, and more importantly, because it offered the best value for money. The Coop Bank was also impressed by the SchlumbergerSema company culture and its strong representation in Sweden.
“We are now in the position to concentrate on our core business of banking and on the marketplace in general,” commented Thomas Idermark, managing director, The Coop Bank. “We are looking forward to working with SchlumbergerSema, a company we believe to be dependable and a long-term supplier of reliable data processing services. Efficient, well managed outsourcing is critical to our success.”
SchlumbergerSema will provide archive solutions, output services, server operation and hardware in addition to creating an interface between the post office, bank and benefit check cashing services. SchlumbergerSema also operates the payment card systems, making this a complete end-to-end IT solution.
“This is an important contract for SchlumbergerSema,” commented Tommy Boman, managing director, Sweden, SchlumbergerSema. “Strategically, it strengthens the position of the company in the financial sector. It is also further evidence that outsourcing is truly a commercial option for companies where time-to-market is an important factor for success.”
In Scandinavia, SchlumbergerSema employs more than 2,100 people at some 30 locations.
SchlumbergerSema is a leading information technology services company providing consulting, systems integration, managed services and products to the telecommunications, energy and utilities, finance, transport and public sector markets. More than 30,000 employees serving customers in 65 countries, SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. For more information about SchlumbergerSema, visit http://www.slb.com.
About the Coop Bank
The Coop Bank is owned by Kooperativa FÃ¶rbundet (the Swedish Cooperative Wholesale Society) with 45%, Skandia ( insurance company) 35% and Telia (the Swedish Telecom) 20%. The Bank will target the households economy and especially the 3,5 million MedMera cardholder within the Cooperative Wholesale Society. The Bank will mainly offer products for saving, borrowing and payment but will in the future mediate fond products, house-loan and other financial services close to daily life. The Coop Bank will offer its services via Internetbank, Telephonbank, shops and MedMera card. The Bank plans to start its operation during spring 2002.
Trintech, a global provider of secure payment
infrastructure solutions, has joined the Mobile Payment Forum, a global,
cross-industry group formed to enable secure, user-friendly mobile payment
transactions and expand the overall market for mobile commerce. Founded
by American Express Company, JCB Co., Ltd., MasterCard International and Visa
International, the Mobile Payment Forum aims to standardize the building
blocks necessary to deploy global solutions for secure mobile payments.
Focusing on payment card transactions, which are used in almost 93 percent
of all e-commerce payments(1), the Mobile Payment Forum will address key areas
such as interoperability passwords, cardholder authentication, and encryption
methods. Led by a Board of Directors comprised of leading mobile, technology
and financial companies, the Forum will develop requirement documents, white
papers, case studies, and technical specifications. The Forum will also drive
collaborative work with other industry consortia and standards bodies.
Trintech is a leading provider of technology infrastructure solutions for
mobile payments. The company has leveraged its 15 years experience in the
payments industry to develop a range of secure mobile infrastructure solutions
that combine standards-based security and multiple channel support with
innovative features, such as support for micropayments, credit card payments
and device-to-device payments. The Trintech mobile payment range includes
PayWare mAccess, PayWare eIssuer and PayWare Guardian. Trintech’s mobile
solution suite meets the payment requirements of consumers, banks, merchants,
ISPs/CSPs as well as telcos, wireless operators and other large organizations.
Major customers for Trintech’s cutting-edge mobile solutions include Motorola
“Without question, the mass availability of mobile devices creates a
significant opportunity for wireless payment,” said Trevor Healy, EVP of
Trintech’s ePayments Division. “The enabling technologies are there, but in
order for mobile commerce to achieve viral growth there needs to be payment
standards. For the first time, the major card organizations have agreed to
tackle this together, in conjunction with technology companies such as
Trintech, and this is an important step towards secure, device-agnostic mobile
“We are very pleased to welcome Trintech to the Mobile Payment Forum,”
said the Forum’s co-president, Simon Pugh, Vice President, Standards and
Infrastructure, at MasterCard International. “As a global, cross industry
organization, the Mobile Payment Forum places great emphasis on the
contributions from organizations such as Trintech. These contributions will
play a major part in helping us to achieve our goals quickly and efficiently.”
Trintech is a leading provider of secure electronic payment infrastructure
solutions for real world, Internet and wireless transactions. The company,
founded in 1987, offers a complete range of payment software products for
credit, debit, commercial and procurement card applications. Trintech’s
secure product range is deployed in over 35 countries worldwide and covers the
payment requirements of consumers, card issuing banks, merchant acquiring
institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs,
Portals and large corporations. The Group’s range of scalable, open systems
architecture solutions for UNIX(R) and Windows NT(TM) platforms covers
consumer, merchant and financial institution requirements for all card-based
payments, including eCommerce and the emerging world of mCommerce. Trintech
can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel:
650-227-7000) and in Ireland at Trintech Building, South County Business Park,
Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the
Web at http://www.trintech.com . Investor information can be found at
About the Mobile Payment Forum
The Mobile Payment Forum brings together leading organizations from the
mobile and financial industries to create a foundation for standardized,
secure and authenticated mobile payments, based on payment-card accounts.
Founders American Express Company, JCB Co., Ltd., MasterCard International and
Visa International all bring extensive experience in creating interoperable
global payment standards and specifications and a knowledge of payments in
emerging channels. Membership will include key financial institutions,
telecommunications operators, wireless-device manufacturers, merchants,
content providers and software and hardware developers and vendors. The
Mobile Payment Forum is a non-profit membership organization, incorporated in
the state of Delaware in the United States. For more information, visit
eFunds Corporation reported this morning 4Q/01 revenues of $130.1 million, a 15.4% increase over 4Q/00. Net income for the fourth quarter rose 119% to $11.6 million versus net income of $5.3 million in the fourth quarter of 2000. Revenue from Transaction Processing products and services, which represented approximately 46% of total fourth quarter revenue, increased 13% over the fourth quarter of 2000. The primary contributors to this growth were revenue increases from certain network customers, the Companyâs ATM deployment business and its government services business. Transaction volumes increased an average of 25% over the fourth quarter of the previous year across all categories of ATM, POS and ACH processing. The Company recently reached an agreement to further expand its ATM network with the purchase of an additional 2,500 ATMs. eFunds is targeting revenue growth of 15% in 2002, with total revenue expected to be approximately $596 million for the full year. For complete details on eFundsâ 4Q/01 results visit CardData (www.carddata.com).
The Taiwan Cooperative Bank is gearing up to issue a multi-functional card that enables consumers to use ATMs as well as access a credit line. The ‘Combo card’ will also have international access to ATMs carrying the ‘Maestro’ and ‘Cirrus’ brands. Cardholders will be permitted four free withdrawals at ATMs of other banks per month, gold card-holders will be able to make six per month, while platinum card-holders will get unlimited free withdrawals. The Bank projects 1 million accounts within two years.
Transaction Systems Architects reported Tuesday that revenue for the quarter ending 12/31/01 was $65.3 million. However the Company incurred a net loss during the quarter in the amount of $28.5 million. The loss reflects the Companyâs decision to adopt new accounting rules relating to the amortization of goodwill and other intangibles primarily related to its acquisition of MessagingDirect, Ltd. The Company completed the first quarter of fiscal 2002 with $175 million in backlog. TSAI expects revenue for the current quarter to be in the range of $66 to $70 million. The Company hired Gregory Derkacht as its CEO during the fourth quarter. For complete information on TSAIâs 4Q/01 results visit CardData (www.carddata.com).
General Credit Forms, Inc., the leader in the worldwide manufacture and distribution of credit card Point of Sale supply products, has signed an agreement with Thales e-Transactions, the fastest growing POS equipment manufacturer in the U.S., Europe, Asia and Latin America. The agreement between the companies is for GCF to act as a reseller of and to provide warranty and non-warranty repair services for Thales’ Talento and Artema line of POS products.
Under the GCF/Thales agreement, GCF will perform repair on the Thales products at GCF’s headquarters in Saint Louis, MO. Units that are under a manufacturer’s warranty will be repaired at no charge, as if they had been shipped to the manufacturer. The GCF/Thales reseller agreement provides merchant acquirers with an opportunity to purchase Talento and Artema products from a renowned independent distribution company that has been servicing the merchant industry for over twenty-five (25) years.
“The POS product lines from Thales e-Transactions are gaining considerable momentum in the U.S. merchant market. The GCF/Thales repair program will allow us to offer our mutual customers a convenient and economical solution for the repair of Thales products,” said John McCormick, Director of Marketing for GCF. “We are excited to bring this new product offering to our customers and look forward to a long partnership with Thales.”
General Credit Forms, Inc. is a privately owned business, founded in 1973 with headquarters in Saint Louis, Missouri. GCF is the nation’s largest manufacturer and distributor of POS supply products to the merchant and money-order industries and currently distributes product to more than one hundred fifty (150) countries on six (6) continents. For more information, contact John McCormick, Director of Marketing, or Mistee Spry, Operations Manager-Terminal Services, at (314) 216-8600 or visit GCF on the web at [www.gcfinc.com].
Thales e-Transactions, Inc., is a subsidiary of The Thales Group, a global business with operations in nearly 50 countries and over 65,000 employees worldwide supporting a full range of products, systems and solutions for three broad markets: Defense, Aerospace, and Information Technology and Services. The company continues to enjoy a worldwide leadership role in the POS industry that began over 15 years ago. Thales is currently among the top 4 companies in worldwide POS installations and ranks 1st in installed Smart Card terminals globally. Find more information about Thales e-Transactions, Inc. at the site: [www.thales-e-trans.com].
Travelocity.com launched this week the largest cruise sale in its history and treats members to incredible cash rewards. The leading travel Web site has teamed up in a marketing agreement with MasterCard International and major cruise lines to offer this fantastic incentive on a wide array of cruises.
Those wanting to embark on the cruise of a lifetime can book a qualifying cruise by February 28 and receive up to $150 back. Depending on the length of the cruise, cruise-goers who book their vacation on Travelocity.com will receive the following cash rewards:
* $ 25 back (3- to 6-night cruises)
* $100 back (7- to 9-night cruises)
* $150 back (10-night cruises or longer)
In addition, consumers who book any 2002 Travelocity.com cruise with a valid MasterCard card by February 28 will get $25 back through a MasterCard Gift Card to start saving for their next cruise vacation. For more information, log onto .
In addition to receiving the rewards, consumers can find cruises from as low as $279 and sail to a variety of destinations — including the Caribbean, the Bahamas, Alaska and Europe — by simply logging onto . Participating cruise lines include Carnival Cruise Lines, Norwegian Cruise Line, Celebrity Cruises, Princess Cruises, Disney Cruise Line, Royal Caribbean International, Holland America and Windstar.
“Travelocity.com continues to be a leader in finding innovative ways to provide our members with good value and great service,” said Chris McAndrews, senior vice president, leisure travel and partner marketing, of Travelocity.com. “Our third annual Cruise Super Sale demonstrates our commitment to offering our members outstanding itineraries from the leading cruise lines at affordable prices.”
“This promotion is another example of how working with Travelocity.com has proven to be a great way for MasterCard to bring greater value and convenience to our cardholders,” said Fred Gore, senior vice president, MasterCard North America Acceptance. “The MasterCard Gift Card delivers a rewarding option for the cardholder.”
Travelocity.com Inc. (Nasdaq: TVLY), a database-driven travel marketing and transaction company, provides Internet and wireless reservations information for more than 700 airlines, more than 50,000 hotels and more than 50 car rental companies. In addition, Travelocity.com offers more than 6,500 vacation packages, tour and cruise departures and a vast database of destination and interest information. Travelocity.com employs more than 1,000 customer service professionals, has sold more than 20 million airline tickets and has more than 32 million registered members.
About MasterCard International
MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 80 countries and in 40 languages, giving the MasterCard brand a truly global reach and scope. With more than 22 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At Sept. 30, 2001, gross dollar volume exceeded US$704 billion. MasterCard can be reached through its World Wide Web site at .
Metris Companies and Cendant Corporation have signed a co-branded credit card agreement to issue the âElite Rewards MasterCardâ. Cardholders will earn one point for every dollar spent with the card, and bonus points when using their card at any one of 17 âBonus Point Partnersâ. Some Cendant subsidiaries and âBonus Point Partnersâ participating in the rewards program include Days Inn, Avis, Howard Johnson, Knights Inn, Super 8, Travelodge, Villager Lodge and Wingate Inns. Points can be redeemed for airline tickets under the âAny Airline, Any Seat, Any Timeâ program. Points can also be redeemed for hotel stays, car rentals, gift certificates at over 35 participating merchants, and specific merchandise rewards. The no-annual-fee âElite Rewardsâ card will be available to consumers in April. Metris will issue cards through its Direct Merchants Credit Card Bank.
MBNA America Bank, N.A. and Ducks Unlimited, Inc. announced that they have signed a multi-year renewal of their 15-year-old affinity credit card agreement which, to date, has raised $35 million for wetlands conservation projects throughout the United States. Terms of the agreement were not released.
To commemorate the renewal and to acknowledge MBNA’s financial support of its conservation projects, Ducks Unlimited will dedicate two wetlands restoration projects at the Assawoman Wildlife Area in southeast Delaware to the people of MBNA. Stone cairns will be placed on each site to acknowledge MBNA’s leadership in helping conserve more than 70,000 acres of wetlands and other natural areas in all 50 states.
“The growth and success of the Ducks Unlimited affinity card program is a positive reflection of the growth and success of both MBNA and Ducks Unlimited over the last 15 years,” said John R. Cochran, Executive Vice Chairman and Chief Marketing Officer of MBNA. Mr. Cochran added, “The Ducks Unlimited affinity card program has been a model of consistent account growth and innovative marketing initiatives. But more than an exceptional business opportunity, our partnership with Ducks Unlimited has allowed MBNA to play an important role in preserving tens of thousands of acres of prime wetlands for this and future generations. The Ducks Unlimited partnership with MBNA is a terrific example of an effective affinity card program.”
“Never have the words `a great business partnership’ seemed more fitting than when I think of DU’s relationship with MBNA,” says DU’s Executive Vice President, Don Young. “This is a team effort that’s bringing together consumers and leaders in the financial and conservation world, all in support of one common concern – habitat conservation. Year after year, this affinity credit card program contributes significant funds to DU’s habitat conservation work, and we look forward to many more years of partnering with MBNA.”
MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $97.5 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan and insurance products. MBNA.com (http://www.MBNA.com) provides credit card, consumer loan, retail deposit, travel and shopping services.
About Ducks Unlimited
With more than a million supporters, Ducks Unlimited is the world’s largest and most successful wetland and waterfowl conservation organization. The United States alone has lost more than half of its original wetlands — nature’s most productive ecosystems — and continues to lose more than 100,000 wetland acres every year. Look for Ducks Unlimited on the World Wide Web at , and tune in to The World of Ducks Unlimited radio program airing across the nation.
MasterCard International will announce Thursday a new suite of corporate charge card services targeted at medium-sized business. Among the ‘MasterCard Middle Market Solution’ services offered will be online payment tracking, expense management, an airline travel rewards program, and stored value cards. The initiative will be targeted to companies with annual sales between $10 million to $250 million, and between 100 and 250 employees. The ‘MasterCard Corporate Multi Card’, allows mid-sized businesses to combine their T&E, purchasing and fleet expenses into a single, manageable program.â¢ ‘MasterCard Smart Data OnLine’ allows businesses to track, view and manage card expenditures across the entire organization. â¢ The ‘MasterCard Rewards Program’ can be customized by the issuer to best fit its middle-market customer. â¢ Bank One has reportedly signed on for the new MasterCard program.
eAppliance Payments Solutions, Inc., a subsidiary of MB Software Corporation, announced it has received certification, allowing merchant transaction processing via the SwipeNet 2100 platform and accompanying applications with Global Payments Inc., a leading provider of electronic processing services. “This certification is a major step toward our product’s launch and opens up new avenues of revenue to MBSC,” said Scott A. Haire, President of MBSC. He added, “We are extremely pleased to work with Global Payments.”
“Global Payments is pleased to offer processing services to customers of eAppliance,” said Director of Product Integration, Jill Gapper. “We work with many third party application providers and are pleased to add eAppliance to our list of third party certified products,” she added.
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, United Kingdom and Europe. Global Payments offers a comprehensive line of payment solutions, including credit card and debit cards, business-to-business purchasing cards, gift cards, Electronic Benefits Transfers (EBT) cards, check guarantee, check verification and recovery, terminal management and funds transfer services.
About MB Software Corporation:
MB Software Corporation (OTCBB:MBSC) with its corporate headquarters in Arlington, Texas, offer merchants transaction based processing and other services via its point of sale hardware. The Company’s point of sale devices have Internet-based services as well as database management services which are offered to small and medium sized merchants of any type.
For more information on the Company please visit the Company’s Website at [www.eappliance-solutions.com].