Tidel Technologies has received an order for more than 200 units of its recently introduced “Sentinel” cash controller. The initial purchase orders cover more than 200 units that are expected to be delivered this quarter with an aggregate sales price of approximately $1.6 million.
South Korea has opened its first EMV smart card center in Seoul to
test and approve chip-based terminals and software for compliance with EMV
standards. The center, the second in Asia, is being operated by ICTK Ltd
and has been accredited by EMVCo. The Korean ICTK Center brings to seven
the number of smart card test centers around the world. There is already
one in Japan and five in Europe. Visa Asia Pacific has established an
aggressive timeline to migrate cards and infrastructure to EMV standards
and has put in place a series of initiatives to drive chip migration. VISA
expects the number of VISA terminals in Asia Pacific to reach 80 000 by the
end of 2002, and the number of smart cards to double to 11 million with
Japan, Taiwan, Korea and Australia contributing the majority of the growth.
SC-based ScanSource has become a Fargo “Persona Series” distributor. ScanSource, Inc. is a leading distributor of specialty technology products, providing both value-added distribution sales to technology resellers and Internet-based fulfillment to manufacturers and others in specialty technology markets.
First Data Corporation has formed First Data (China) Co., Ltd. The new operations, administrative office, and data center will be based in Shanghai. The wholly owned Chinese subsidiary will be fully operational in the first quarter of 2003. First Data will offer a full range of card and merchant processing services, in addition to its “VisionPLUS” software, to card issuing and merchant acquiring companies in China. In China, FDC holds relationships with several leading financial institutions to provide money transfer services through its Western Union subsidiary. In addition, the Industrial & Commercial Bank of China and the Agricultural Bank of China recently chose to use the “VisionPLUS” transaction processing software offered by First Data.
U.S. Bank has launched the “Shop Like a Secret Agent” sweepstakes to encourage its VISA credit and check card customers to sign up for “Verified by Visa”. Now through Nov. 30, every time cardholders use their Verified by Visa activated card at participating online stores, they will be automatically entered to win the “Shop Like a Secret Agent” sweepstakes.
Gemplus and Ztango have signed a deal under which the Gemplus
Operation Center will facilitate distribution of Ztango’s ring tones,
screen savers and graphics to carriers utilizing Gemplus’ “OTA”
initialization services. As part of the new Gemplus/Ztango SIM-based media
offering, consumers will have access to more than 3,000 ring tone and
graphic media elements directly from their wireless devices.
Ztango customers include: AT&T Wireless, Motorola, Triton PCS, TeleCorp
PCS, West Virginia Wireless and Telecom Italia Mobile.
By the end of this year Ascom will be deploying a disposable contactless
ticket system for Capri’s public transport system. The ticket systems will
be used in buses and the island’s cable car stations operated by Staiano,
Sippic, and Sippic Funicolare. The system will process up to 100 passengers
in two minutes.
Visa Canada expects online volume exceeding $1 billion this year. Visa
Canada processed three million online transactions during the 2001 holiday
season and expects to process more than five million transactions this
holiday season with an estimated transaction size of $126. Trending studies
show a deliberate and steady growth in online commerce. Statistics Canada
recently estimated that 2.2 million households spent almost $2 billion
shopping on the Internet in 2001 placing 13.4 million orders online.
Providian and Organs ‘R’ Us teamed up this weekend for the fourth annual “The Providian Relay”. The Providian Relay (http://www.providianrelay.com) is considered California’s longest party. Racers traverse 199 miles of some of the most beautiful and challenging terrain in California, beginning in the Wine Country of Calistoga, and ending at the Santa Cruz Beach Boardwalk
MEI and USA Technologies have sealed a deal to co-market credit card payment systems next year by combining MEI “EASITRAX” vending management software, USA Technologies’ wireless payment processing technology and MEI “EASITRAX” remote data port. The Company, along with partners and industry experts, such as IBM, MEI, Dixie-Narco (a division of Maytag), and others, has continuously worked with a large number of the industry’s leading vending operators, bottlers, and OEM manufacturers, as well as the National Automatic Merchandisers Association.
CA-based Ventura County Credit Union is converting to Corillian “Voyager Special Edition” to provide enhanced online banking services to its members. It will also provide integration with the Open Financial Exchange (OFX) data standard to allow members real-time access to their financial information through personal finance management software like Intuit’s QuickenÂ® and MicrosoftÂ® Money.
A new survey of 5,000 small businesses has found that more than half say payment cards have become a more important to their businesses over the past year. The survey, conducted by MasterCard and Thomas Regional Directories, also found that 65% of small industrial businesses say accepting payment cards simplifies collections. About 56% say it eliminates the need for credit checks for new customers and 35% say customers buy more when they use a payment card. Four out of ten agreed that payment cards improves relationships with customers. Forty-five percent of those selling online say customers buy more when using a payment card.