PNC Financial Services Group is providing nine ATMs for the Pittsburgh Steelers at the 65,000-seat Heinz Field. PNC says it is the most bank-owned ATMs in any U.S. sports facility. Cleveland Browns Stadium, with 73,000 seats, has three ATMs and the University of Michigan football stadium, with 107,000 seats, has four ATMs. PNC Bank is the “The Official Bank of the Pittsburgh Steelers”. PNC customers can also get the Steelers’ name and logo on debit cards, personal checks and checkbook covers.
eONE Global, LP, an innovator in identifying and developing emerging
payment technologies, announced it will name its mobile operating
business, Encorus Technologies. “Mobilizing the power to
purchase,” Encorus Technologies will focus on building a flexible and open
infrastructure and efficient payment processing services to drive the
acceptance and usage of mobile payments worldwide.
On August 24, eONE Global announced it would acquire the assets comprising
the M-Business division of Brokat Technologies, a leading provider of
software and infrastructure for wireless applications. These M-Business
division assets, including Brokat’s secure, convenient and flexible
PaymentWorks product family, will provide the foundation for this new eONE
The name “Encorus” is derived from the words “encore”(repeating great
performance) and “chorus” (together in harmony), representing the company’s
philosophy and commitment to excellence, flexibility, and working together
with mobile operators and merchants to make using mobile phones a standard way
“The name Encorus captures our vision of building a worldwide community of
mobile operators, merchants and consumers, powerfully connected through an
open global standard for mobile purchasing,” said Garen Staglin, president and
CEO of eONE Global. “Creating such a standard will eliminate network
fragmentation and other challenges that exist today in mobile commerce. By
connecting operators and merchants with a universal payment infrastructure
that’s easy to use and secure, we can help our customers more quickly realize
the opportunities in mobile purchasing and provide consumers with a more
convenient, cashless payment method.”
eONE Global is majority owned by First Data Corp. (NYSE: FDC), the world’s
leading payment processor, which has relationships with more 2.6 million
merchant locations and 1,400 card issuers, routing and settling more than nine
billion transactions annually. iFormation Group, a company that partners with
the Global 2000 to build new companies, and whose founders are The Boston
Consulting Group, General Atlantic Partners and The Goldman Sachs Group, is
the other investor in eONE Global.
“Encorus will leverage First Data’s relationships, experience in merchant
acquiring and large scale routing and settlement network,” added Staglin.
“This new company provides real marketplace advantages in its ability to grow
the acceptance for mobile payments.”
Brokat already has relationships with Vodafone, the largest mobile
operator in the world, and T-Motion, the mobile online services arm of
Deutsche Telekom AG group. These customers will continue as customers of
Encorus, enabling them to provide complete mobile payment solutions to their
more than 125 million subscribers.
By overcoming security, connectivity and device limitations, mobile
operators can now begin to realize the benefits of mobile business, including
new revenue streams and increased customer loyalty, integrated with their
existing infrastructure — prepaid cards and the telephone bill. Merchants
gain efficiencies and new revenue sources, including payments for pay-per-
download products and services.
Upon closing, Brokat’s former M-Business division will begin marketing the
scalable payments software, PaymentWorks, under eONE Global’s Encorus brand.
With the ability to manage millions of users and high transaction volumes, the
PaymentWorks solution uses open standards and enables mobile operators to
offer customers secure, easy-to-use mobile payment services. A consumer’s
payment details are stored in a virtual wallet, which can be used to pay for
goods and services via their mobile phone. Easy to implement, the PaymentWorks
platform uses open architecture, works with existing technology, handles both
micropayments and macropayments, and provides authentication and authorization
Encorus will focus on facilitating digital content micropayments (smaller
transactions of less than one US dollar or one euro), and secure Internet
macropayments with debit or credit cards, expanding into person-to-person
payments and point-of-sale macropayments during the first half of 2002.
Implementations have begun in Europe, and will rapidly move into Asia and the
United States. By 2005, the Tower Group expects the number of mobile payment
users in Europe and Asia to exceed 54 million.
The sale of Brokat’s mobile division to eONE Global is expected to be
completed by mid November, following Brokat shareholder approval and standard
closing conditions, including approval by the German Federal Cartel Office.
Upon closing, eONE Global will launch its new operating unit, Encorus
Technologies, which will assume ongoing development and marketing of Brokat M-
business products and payment processing services under the Encorus brand.
Mobile payments is the third leg of eONE Global’s mission to capture and
commercialize emerging payment technologies. eONE Global has two other
operating units: govONE Solutions, focused on delivering electronic payment
solutions to governments; and SurePay, which creates trusted electronic
business payment services that complete the financial supply chain for leading
corporations and trading networks on a global scale.
About eONE Global
As the leading source for accelerating payment innovation, eONE Global, LP
( ) identifies, develops, and operates emerging payment
systems and related technologies spanning the business, government and
consumer markets. Its operating companies include SurePay, LP
( ), which creates trusted end-to-end electronic business
payment solutions and services that complete the financial supply chain for
corporations and trading networks on a global scale, as well as govONE
Solutions, LP (http://www.govONEsolutions.com), which enables businesses and
consumers to make government payments electronically. eONE Global is owned by
global e-commerce and payment services leader First Data Corp.
( ) and iFormation Group ( ), a
company founded by The Boston Consulting Group, General Atlantic Partners, LLC
and The Goldman Sachs Group, to build technology-enabled businesses in
partnership with the Global 2000.
About Brokat Technologies AG
Brokat Technologies AG (Neuer Market: BRJ, Nasdaq: BROA) is a leading
European provider of software and services for flexible e-finance solutions.
Based on standardized software components, Brokat develops customized
solutions for banks, insurance companies and other financial services
providers offering online services to their customers. The advanced multi-
channel capabilities allow financial institutions to provide high levels of
service to customers on the Web, on wireless devices, via ATMs, through call
centers, and in person in branch offices. Brokat was founded in 1994 and is
among the pioneers in the sector of electronic financial services. Over 2,000
companies use Brokat solutions. Among these are Allianz, ABN Amro, Advance
Bank, LBBW, MLP, and SE-Banken. Further information is available at
As part of its nationwide expansion, CO-OP Network, the largest network of credit union ATMs in the country, today announced an agreement to operate 112 surcharge-free ATMs in select 7-Eleven convenience stores in Michigan, Ohio and Indiana. According to CO-OP Network President and CEO Robert Rose, a standard ATM placement agreement has been arranged with Garb-Ko, a franchisee for
7-Eleven in the Midwest. The deal also includes the co-branding of several surcharge-free ATMs with the Lansing Automakers Federal Credit Union (LAFCU), a Network member. ‘This is an agreement where everyone comes out a winner,’ said Rose. ‘Since the 7-Eleven chain is nationally known for its convenient locations, it’ll be easy for LAFCU members and CO-OP Network cardholders to locate and use our ATMs. And all of these surcharge-free ATMs are inside safe, well-lit stores.’
Eighty of the newly branded ATMs are in Michigan, with LAFCU operating 12 machines in Garb-Ko-run 7-Elevens’ in the greater Lansing area. They replace the surcharging ATMs formerly operated by American Express.
CO-OP Network offers more than 12,000 surcharge-free ATMs in 49 states and Canada to its 778 member credit unions and 9 million cardholders across the country. These ATMs, which are free to CO-OP Network members, counter the industry trend, according to a recent survey published by U.S. PIRG (Public Interest Research Group). U.S. PIRG stated ATM surcharge costs have tripled since they were introduced in 1995, now averaging $2.86 per withdrawal at non-account ATM machines.
‘The 7-Eleven arrangement is ideal for LAFCU, giving our members much more access to surcharge-free ATMs,’ said LAFCU CEO Richard Gifford. ‘CO-OP Network’s been very responsive and aggressive in supporting us and the placement of these ATMs. In fact, the ATM conversions at the 7-Elevens have been smooth. CO-OP Network has gone out of their way to assist us.’
Ontario, Calif.-based CO-OP Network is ranked the No. 1 credit union EFT (electronic funds transfer) network in the country and leads the credit union industry with 41.5 million monthly ATM transactions. Rose estimated the agreement with Garb-Ko would translate to an extra 135,000 transactions per month.
CO-OP Network ([www.co-opnetwork.org]), founded in 1981, provides volume discounts on products and services that include risk management, debit and deposit access. CO-OP Network has an ATM/credit union presence in 49 states, Washington, D.C., Puerto Rico and the Canadian provinces of Ontario and Quebec.
National Processing Company, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc., announced the renewal of a multi-year credit card processing agreement with Pep Boys. Under the terms of the agreement, NPC will provide Pep Boys authorization and settlement services for all credit and debit card transactions.
Pep Boys is the nation’s leading full-service automotive aftermarket retail and service chain with nearly 6,500 service bays, 12.9 million square feet of retail space, and 1.9 million square feet of warehouse space. They serve all four automotive aftermarket segments: the do-it-yourself, do-it-for- me, buy-for-resale and replacement tires; and pride themselves on providing the best customer service and the highest quality service work available anywhere.
“NPC has maintained a long-term relationship with Pep Boys underscoring the importance that we place on providing premier service and quality products, said Mark D. Pyke, executive vice president of Merchant Services for NPC. “Pep Boys has benefited from NPC’s expertise in the industry and the economies of scale we provide.”
“We have relied on NPC to provide cost-effective merchant processing solutions that fits right in line with the way we do business,” said James Monyak, controller of Pep Boys. “Partnering with NPC has allowed us to focus on issues critical to our business, without sacrificing any control or quality of our payment system. Fast, efficient, hassle-free checkout is paramount in our business and NPC’s solution exceeds our customers’ expectations.”
About Pep Boys
Pep Boys, who is celebrating its 80th anniversary this year, operates 629 stores and over 6,500 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 800-PEP-BOYS or by visiting .
About National Processing, Inc.
National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 86 percent owned by National City Corporation (NYSE: NCC) ( ), a Cleveland based $94 billion financial holding company. NPC supports over 600,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding National Processing can be obtained at .
Western Reserve Group, a leading provider of automated teller machines has been awarded Hypercom Corporation’s 2000 North American Value Added Reseller of the Year award for its development of the first and only ATM application for Hypercom’s ICE 6000 terminal in its Vision 100 ATM . Describing WRG as an innovative company that thinks outside of the box, George Devitt, Hypercom’s senior vice president and chief marketing officer said WRG is a ‘shining example of what can happen using that philosophy.’ Jairo E. Gonzalez, president, Transaction Systems Group, presented a plaque to WRG’s General Manager, Jason Kuhn.
Hypercom Corporation held its annual Global Partner Conference in Miami Beach, where over 400 business people from more than 70 countries participated in industry workshops, and viewed new products.
Hypercom Corporation, headquartered in Phoenix, Arizona, USA, is a leading global provider of electronic payment solutions. Hypercom maintains an installed base of more than 4 million card payment terminals that operate in over 100 countries and conduct more than 2.85 billion transactions annually.
‘ I just can’t begin to describe how much we are honored to receive this prestigious award,’ said Mike Stevenson, vice president of WRG. This project represents a new frontier for multi-functionality in an ATM machine and a platform that adds revenue through additional profit centers. We’re fortunate to be partnered with a cutting-edge company like Hypercom. In addition, I’m very fortunate to have a development team like Oliver Winter and Jason Kuhn surrounding me,’ Stevenson added. They made the Vision 100 become a reality.’
WRG’s Director of Information Technology and software developer, Oliver Winter, conceptualized and wrote the C.A.S.S. 100Â© software program, created to drive the ATM application with an ICE 6000 platform adding tremendous functionality to the ATM machine. WRG’s Jason Kuhn, general manager, assisted Winter and focused on finding the quality components and designing the ideal hardware to house the ICE platform. Winter and Kuhn completed the first C.A.S.S.Â© ATM software program the year before, and it was used exclusively in the NCR 5301 machine. The C.A.S.S. program is now used industry-wide to drive many ATMs. Winter and Kuhn designed the program to eliminate the most common complaints they experienced in practical ATM functionality and the industry quickly recognized its value.
Vision 100 features were demonstrated to the Miami conference attendees in a Business Solutions room during the conference. The international presence was appreciated as interpreters digested & disseminated information in various languages underlining the truly global nature of the event.
WRG’s Vision 100 is a hybrid in many ways. From the spill-proof display and keypad, and a color touch screen, to the graphics program that can carry between 15 and 20 advertisements, and a choice from three printed coupons being offered, the Vision 100 stands apart from the typical ATM machine. With new profit centers, sophisticated functionality and competitive pricing, the Vision 100 is setting a new industry standard.
‘We identified a niche in the industry by designing a machine that addresses the frustrations we dealt with in other machines many of which were also identified by our customers. ‘ said Stevenson. ‘ A company achieves its greatest success by identifying and meeting the needs of its customers. The Vision 100 actually goes beyond that. Becoming known as the company that offers the greatest overall product value is a tremendous business advantage, Stevenson continued. And that is exactly what we have in the Vision 100 the best value.’
WRG chose the Sargent & Greenleaf electronic lock as standard equipment, which allows a quick, and easy one-step operation for efficient cash loading and management plus added security features. The 6120 lock features an automatic relock feature and lets you change codes at any time with a few touches of the keypad, and allows for multiple users. Completing the roster of quality components is the DeLaRue cash dispenser recognized worldwide for its reliability. The all new MiniMech cash dispenser offers seamless delivery of cash. A high performance component, the dispenser has no scheduled maintenance. It has multi-media capability not limiting its use to just currency.
‘Another attractive feature found in the Vision 100 is the low cost of ownership with very little time involved in servicing the machine, said Kuhn. A screwdriver, a nut driver and a few minutes on the telephone with WRG’s service department will handle most service issues. It’s a very user-friendly and low maintenance machine reducing down-time and costly service calls, ‘ Kuhn continued.
‘WRG represents one of the few ‘full-service partners in the ATM industry. Offering hardware and software solutions, processing management, repair service, leasing and ATM supplies in one location allows WRG to provide unprecedented service,’ said Virginia K. Mullenax, director of marketing. We’re a one-stop shop and all about delivering value with service. WRG continues to be recognized for its innovation and is indeed a presence in the ATM industry.’
As a Case Western Reserve University Weatherhead 100 recipient this year, WRG is recognized as one of the fastest growing companies in Northeast Ohio. WRG’s success has resulted in a continuous and steady increase in market share.
WRG, a privately held company based in Willoughby, Ohio is a manufacturer of ATM equipment and software products for the ATM industry throughout the United States and Canada, and is quickly gaining a worldwide presence. The company also provides transaction processing management through Western Reserve ATM Processors and leasing programs through Western Reserve ATM Financial. More information about WRG can be found at [www.wrgservices.com].
Fair, Isaac and Company, Inc., the market leader in customer analytics and decision technology, announced its support for Siebel 7, the seventh major release of Siebel eBusiness Applications from Siebel Systems, Inc., the world’s leading provider of eBusiness applications software, and that it has joined the Siebel Alliance Program as a Premier Software Partner. This alliance will offer two powerful solutions to help financial services institutions more effectively acquire, retain and service their customers. Fair, Isaac will provide a seamless, validated integration for ClickPremium service, a real-time underwriting decisioning solution, to Siebel eInsurance, and LiquidCredit service, an instant credit decisioning solution, to Siebel eFinance.
Fair, Isaac will submit the integration of ClickPremium — which supports the testing and automated execution of insurance decision strategies across multiple lines and multiple channels — for validation with Siebel 7 within 90 days of general availability, providing organizations with complete eBusiness solutions that increase productivity, maximize revenue and profit, and significantly enhance customer acquisition, satisfaction and retention. As part of the alliance, Fair, Isaac will provide a seamless, validated integration for ClickPremium to Siebel eInsurance, Siebel Systems’ product designed to meet the needs of insurance customers, field agents, brokers, claims representatives, and call center professionals. Fair, Isaac will also provide a validated integration for LiquidCredit to Siebel eFinance, Siebel Systems’ product designed to meet the needs of financial institutions.
Siebel Systems enables software vendors to easily integrate solutions through its open, extensible, advanced Smart Web Architecture. Unlike rudimentary HTML clients, Siebel Smart Web Architecture combines a zero-footprint, browser-based Web client and a user interface with levels of interactivity and usability traditionally available only in Windows applications. The Siebel Smart Web Architecture enables organizations to leverage the industry’s best eBusiness applications at the lowest total cost of ownership.
Siebel 7 extends the reach and functionality of Siebel Systems’ industry-leading suite of integrated, multichannel eBusiness applications, enabling organizations to translate customer relationship strategy into execution by effectively aligning and rapidly integrating channels, employees and partners. Siebel 7 allows organizations to manage, synchronize and coordinate all customer touch points across the Web, call center, field sales and service personnel, and partner channels.
Siebel eInsurance is Siebel Systems’ product specifically designed to meet the needs of the insurance industry. It provides insurance customers, field agents, brokers, claims representatives, and call center professionals with comprehensive policy management, automatic quote generation, and integrated claims processing for personal property, automobile, group life, individual life, and commercial lines of business. Siebel eFinance is Siebel Systems’ product specifically designed to meet the needs of financial institutions. Siebel eFinance integrates the multiple channels of customer contact into a common database, giving all company agents, call center representatives, branch personnel, and relationship managers access to the same information.
As a market leader in providing advanced analytics and decision technology to financial services organizations, Fair, Isaac will support Siebel 7’s initiatives in this industry. As a Siebel Alliance Program member, Fair, Isaac will integrate its ClickPremium and LiquidCredit services into powerful solutions aimed at effectively acquiring, retaining and servicing companies in the financial services industry. LiquidCredit, designed for click-and-mortar financial institutions, Internet credit brokers, e-tailers, and e-marketplaces, is powered by Fair, Isaac’s analytics and decision technology. It offers better, faster and more cost-effective credit origination decisions, resulting in more profitable, enduring customer relationships.
“Siebel 7 delivers state-of-the-art solutions, based on its in-depth understanding of the industries it serves,” said Tom Grudnowski, CEO of Fair, Isaac. “We share the same business and operating philosophy and are delighted to work with Siebel Systems to develop deep, meaningful relationships with financial services organizations that enable them to reduce their costs in acquiring, servicing and supporting their customers.”
Fair, Isaac’s integrated solutions with Siebel 7 will help transform financial services companies and financing arms of commercial companies into true, customer-centric businesses. The result will be reduced costs in acquiring, retaining and servicing customers and increased customer loyalty and long-term customer value. Ultimately, financial services companies that adopt Siebel 7’s customer-centric approach will enjoy an enhanced competitive position, based on their ability to grow meaningful, long-term relationships with their customers.
“Fair, Isaac is a market-leading provider of sophisticated decision technology solutions that are specifically tailored for insurance and financial services industries,” said Catherine Cherubino, Senior Managing Director, Software and Industry Alliances for Siebel Systems. “Together the seamlessly integrated solutions will enable our customers to utilize data to make faster, more profitable decisions on their marketing, customer acquisition campaigns, operations and portfolio management. The integration of ClickPremium for Insurance to Siebel eInsurance and LiquidCredit to Siebel eFinance will deliver the combination of solutions that our customers have been demanding.”
About Fair, Isaac
Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, California, the company reported revenues of $298 million for fiscal 2000. For more information, visit [www.fairisaac.com] or call 800/999-2955.
About Siebel Systems
Siebel Systems, Inc. (Nasdaq:SEBL) is the world’s leading provider of eBusiness applications software. Siebel Systems provides an integrated family of eBusiness applications software, enabling multichannel sales, marketing and customer service systems to be deployed over the Web, call centers, field, reseller channels, retail, and dealer networks. Siebel Systems’ sales and service facilities are located in more than 37 countries. For more information, please visit Siebel Systems’ Web site at: [www.siebel.com].
Experian, a global information solutions company, announced the introduction of the new Experian/Fair Isaac Advanced Risk Score. Fair, Isaac and Company, a leading provider of credit scoring services, built this next generation of credit scoring models using Fair, Isaac advanced scoring technology and leveraging Experian’s consumer credit data content.
“Experian is focused on providing the most up-to-date solutions to aid creditors in maximizing their offerings in today’s competitive marketplace,” said Peg Smith, president of Experian strategic business development. “Incorporating the NextGen scores into Experian’s variety of available risk assessment solutions provides lenders improved flexibility and greater options to best meet their goals of booking better quality credit and getting greater accuracy in their marketing programs.”
“The sharper credit evaluation provided by the NextGen scores will help lenders more confidently extend credit to new populations, make instant credit offers, reduce losses and deliver more customized products and pricing,” said Cheri St. John, Vice President at Fair, Isaac. She attributes the boost in predictive strength present in NextGen scores to a new design blueprint, which uses the latest advancements in predictive technology.
The Experian/Fair Isaac Advanced Risk Score is available now across Experian’s entire consumer credit reporting product line as part of a suite of credit risk assessment tools. Experian offers credit grantors a variety of credit risk scoring models and consults with creditors to assist them in selecting the model or models best suited to providing the greatest insight into evaluating credit risk.
About Fair, Isaac
Fair, Isaac and Company (NYSE: FIC) is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, California, Fair, Isaac reported revenues of $298 million in fiscal 2000. For more information, visit the company’s Web site at .
Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, California. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion. For more information, visit the company’s web site at .
Mosaic Software has announced the general availability of Postilion EMV Gateway, a low-cost, fast track solution to EMV smart card compliance for both Card Issuers and Transaction Acquirers. Developed to handle all the processing requirements for customer transactions originated with an EMV chip card, EMV Gateway has been successfully implemented in Europe well ahead of the compliance dates mandated by Visa.
The main driver behind the adoption of EMV is the reduction of fraud for all transactions as well as greater security for offline processing of transactions. EMV is the specification, jointly developed by Europay (E), MasterCard (M) and Visa (V) for the interoperability of smart cards and terminals equipped with smart card readers for debit and credit schemes, regardless of the card manufacturer, issuer or location of the EMV terminal.
Essentially, Postilion EMV Gateway processes transactions on behalf of an organizations existing system. Traditional magnetic-stripe messages continue to be routed to the incumbent system — with the EMV transactions being intercepted and switched directly to the appropriate networks. This architecture provides for the ability to support EMV transactions without the need to make costly changes to existing authorization host systems. In addition, Postilion EMV Gateway is able to process the EMV security data using a hardware security module (HSM) prior to switching the message to the existing processor. An added benefit of the Postilion EMV Gateway is that it integrates fully with emerging technologies (including WAP-enabled mobile phones, the Internet and digital TV), allowing for multi-channel generic payment solutions.
About Mosaic Software
Mosaic Software is a leading edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web-enabled ATM and prepay software solutions. The company is held by strategic partners GE Equity and Comparex Holdings, and Mosaic management. With offices in the USA, a European office in the UK, South Africa and Australia, Mosaic has a strong global presence. The company is firmly established in the financial services industry and its EFT solutions drive operations in a large number of multinational companies and industry leaders around the globe. Clients include financial institutions, retailers, Internet service providers, card issuers, telcos, data processing service providers and some of the foremost players in the emerging online industry, in the USA, Latin America and the Caribbean, Europe, Australia, the Middle East, Africa and the Asia-Pacific region.
Mosaic’s family of products, named Postilion, is a comprehensive software solution designed to effectively handle the transaction delivery and authorization requirements of every aspect of the EFT arena. Worldwide, Postilion is used for ATM Processing/Monitoring, EFT Switching and Routing, Point-of-Sale (POS), Credit/Debit Card Processing, Internet/Call Center Payment Authorizations, Prepayment, Internet/Home Banking and Mobile Commerce applications. Operating as the first fully-fledged EFT switch running on Windows NT/Windows 2000, Postilion is live in more than 500 installations worldwide.
Mosaic Software clients include 7-Eleven (US), American Express (US), E*Trade (US), Retail Decisions (UK), Calypso (Canada), AutoBranch Technologies (Canada), Greenland Corporation (US), Transaction Network Services (UK), Woodforest National Bank (US), Sky Financial Group (US) Echo (US), Pick ‘n Pay (SA), ABSA Bank (SA), Saambou Bank (SA), NBS (SA), Vodacom (SA) and MTN (SA).
An overview of the company and product may be found at: .
Over the past five years Platinum VISA and MasterCards have out shined their gold card brethren. However, over the past twelve months, most of the nation’s top issuers have quietly resurrected gold card products to target primarily the sub-prime and Hispanic markets. Indeed, gold VISA and MasterCards now carry the highest average interest rates, according to CardWatch ([www.cardwatch.com]). Among the top ten U.S. issuers, only Bank One/First USA and Fleet have refrained from the gold card revival. MBNA has only one gold product, the ‘First Union VISA Gold’. Citibank continues to offer a gold card in its American Airlines ‘AAdvantage’ program. Providian offers several gold versions with APRs ranging from 16.99% to 23.99%.
TOP GOLD CARD PRODUCTS
Citibank 16.49% $85.00
MBNA 13.99% None
Discover 13.99% None
Chase 18.99% None
Cap One 14.90% $72.00
Providian 23.99% None
BofA 14.40% None
Household 16.49% None
Source: CardWatch (www.cardwatch.com)
FL-based WildCard Systems has launched an online shopping mall with U.S. Bank in conjunction with the bank’s ‘VISA Buxx’ Web site. Teen cardholders and their parents can access the new shopping mall online which contains hundreds of brands and thousands of products from teen-oriented merchants such as Alloy, GraffitiOnline.com, The Sharper Image and Teva Sports Sandals, as well as offers, discounts, and promotions on special items. The online shopping mall is powered by Altura International and provides an advanced multi-vendor, multi-lingual and multi-currency e-commerce shopping platform. The ‘VISA Buxx’ product was co-developed by VISA USA and WildCard Systems. ‘VISA Buxx’ is currently issued by Bank of America, Capital One, National City, Wachovia, and U.S. Bancorp. (CF Library 8/10/00; 9/14/00)
Philips Semiconductors, a division of Royal Philips Electronics, and Gemplus,
the world leader in smart-card based solutions, jointly announced that
Gemplus will use Philips Semiconductors’ SmartXA 2nd generation smart card
microcontroller as a basis for open operating systems (OS) projects. The Java
Card will be used as a multi-application platform for the wireless
Future applications in mobile communications require new smart card
architectures and solutions providing interoperability through open operating
systems, multi-application support and the highest security available.
Gemplus’ new Java Card will meet these requirements. Philips Semiconductors’
SmartXA 2nd generation, introduced last year, will be the engine behind this
powerful new card.
“The advanced features of Philips Semiconductors’ SmartXA 2nd generation
will help Gemplus stay one step ahead of the competition in Java Card
technology,” said Frederic Vasnier, Vice-President Marketing, Wireless Cards
and Tools at Gemplus. “Our customers need to provide personalized, secure and
profitable services to all of their subscribers and we believe Java Cards best
answers these needs. By using Philips Semiconductors’ SmartXA 2nd generation
to develop Gemplus’ wireless Java Cards we are reaffirming our support for
market-wide interoperable products that make up the infrastructure needed for
open mobile business both now and in the future.”
“New communication networks and services provide both challenges and
opportunities for smart card technology and platforms,” said Reinhard Kalla,
Business Line Manager for Chip Cards in the Business Unit Identification at
Philips Semiconductors. “Gemplus, with its background of leadership in
wireless solutions, is entering a new class of performance and security with
Philips’ advanced 16-bit SmartXA technology, delivering further innovative
solutions to service providers in general and wireless operators in
particular. Together we will enable secure mobile access to a wide range of
SmartXA 2nd generation was developed to power future developments in
mobile communications and secure network access. The new 16-bit architecture
has been optimised to support multiple applications, and with high levels of
security and support for public key cryptography (PKC) it also provides a
secure platform for banking and government applications. It includes a true
16-bit architecture, to enable the use of a wide range of interpreter-based
languages and open software platforms, and to support the multiple application
use of smart cards.
SmartXA 2nd generation also features an enhanced memory configuration with
up to 64K EEPROM, 208K ROM and 7K RAM, in 0.18u technology. Its comprehensive
security features include an enhanced on-chip hardware firewall which provides
separation and integrity of data and applications, a 32-bit FameX public key
cryptography coprocessor, a high-speed triple DES coprocessor and a true
random number generator.
About Philips Semiconductors
Philips Semiconductors, with revenues of US $6.3 billion in 2000, is a
world leader in silicon systems and standard products for wireless
communications, digital entertainment, computing and automotive applications.
The organization designs, develops and manufactures silicon solutions based on
its innovative Nexperia(TM) architecture to create living technology for its
customers building products, service providers using the products, and
consumers enjoying the resulting products and services.
Gemplus is the world’s number one provider of solutions empowered by
Smart Cards (Gartner Dataquest 2001). Gemplus helps its clients offer an
exceptional range of portable, personalized solutions that bring security and
convenience to people’s lives. These include mobile internet access,
interoperable banking facilities, e-commerce and a wealth of other
applications. Gemplus is the only completely dedicated, truly global player
in the Smart Card industry, with the largest R&D team, unrivalled experience,
and an outstanding track record of technological innovation. Gemplus trades
its shares on Euronext Paris S.A. First Market and on the Nasdaq Stock
Market(TM) as GEMP in the form of ADSs. Its revenue in 2000 was 1.205 Billion
Euros. It employs 7,800 people in 37 countries throughout the world.
After nailing a major deal to deploy its credit card terminals into NYC taxis, USA Technologies said Tuesday it has begun rolling-out its ‘e-Port’ swipe card technology into the manufacturing, laundry, prepaid wireless services, and smart card/debit card dispensing and revaluing industries. For example, laundromats that once required coins and tokens to operate washers and dryers, may now be activated by swiping a credit card, bank or smart card through the ‘e-Port’. The first cashless Laundromat-based ‘e-Port’ technology is being installed this month. USTT currently has USA an existing installed base nearly 1500 terminals. Last month, the company signed a $20 million contract to install 15,000 ‘e-Port’ credit card terminals in taxis and limousines operating in New York City over the next three years. The first of several thousand ‘e-Ports’ will begin appearing in New York cabs and limousines in January. (CF Library 9/6/01)