TX-based BancTec said this morning that Citigroup installed ‘PayCourier Retail 2-Pass’ at its credit card service operation centers in New Jersey and Las Vegas. Citi will also install the latest version of BancTec’s ‘PayCourier Archive’ solution, which includes the capability to Web-enable Citigroup’s customer service process. ‘PayCourier Retail 2-Pass’ is an easy-to-use system that manages all remittance processing and payment research needs. In the early 1980s, Citigroup became the first banking entity to utilize BancTec’s high-speed solution for payment processing.
VeriFone, a division of Hewlett-Packard Company, and worldwide leader in electronic payment solutions, announced that Vital Processing Services, a leader in technology-based commerce enabling services, is the first U.S. merchant processor to Class A certify VeriFone’s Omni 3300 payment terminal running VeriFone’s advanced Verix operating environment and SoftPay e-payment application.
The compact, easy-to-use terminal takes full advantage of VeriFone’s global Verix operating environment to support and run multiple applications on a single device and allow information to be shared securely between applications.
“Our acquiring clients who select the Omni 3300 can offer merchants basic credit, debit and Electronic Benefits Transfer (EBT) payment capability with Vital’s Class ‘A’ merchant help desk support. The tremendous benefit to our clients is the ability to add new functionality without having to re-certify their payment applications, which will help increase speed to market and decrease costs,” said Eric Turille, executive vice president of Vital Processing Services.
In addition, the terminal is capable of downloading value-add applications, such as private label, gift card, loyalty and supply ordering. The Verix operating environment is unique, in that it has application separation at both the hardware and software level. Verix also features a TCP/IP library, enabling the Omni 3300 to support new Internet-based applications that can provide new revenue streams and improved customer loyalty. VeriFone is already working with e-service providers to develop Internet-based applications for VeriFone terminals. VeriFone’s Developer Forum ([http://www.verifone.hp.com/deve loperforum/]) also facilitates the creation of new applications for Verix-based terminals. “For years, our customers have looked for ways to differentiate themselves in the marketplace by adding value-added functionality to their POS terminals, but they always faced the issue that if they changed the application, their Class A certification would be lost,” said Patty Colby, manager of the US Processor Group at VeriFone. “The Omni 3300 eliminates this problem because it allows value-added applications such as private label, loyalty or gift card to be added easily to the terminals without losing Class A certification on their credit and debit applications. This capability has enormous potential for Vital clients looking to differentiate themselves with new value-added applications.”
Omni 3300 Terminal
Supported by VeriFone’s next-generation Verix operating environment, the Omni 3300 terminal securely supports and runs multiple applications in a single device and allows information to be shared securely between applications. VeriFone’s unique implementation of application separation at both the hardware and software level reduces the need for time-consuming and costly certifications when adding or modifying applications. The Omni 3300 also features the same intuitive ATM-style interface and SoftPay software featured on the Omni 3200, letting employees virtually train themselves and greatly reducing errors.
SoftPay software enables Vital’s acquiring clients to offer their merchants use of the VeriFone Omni 3300 payment terminals to accept EBT card payments, as well as credit and debit transactions. SoftPay supports card verification numbers for Visa, MasterCard and American Express. In an effort to help reduce credit card fraud at the point of sale, SoftPay is compliant with state requirements of credit card account truncation. The CPS Card Present and Address Verification features enable merchants to qualify for low interchange rates.
About Vital Processing Services ([www.vitalps.com])
Arizona-based Vital Processing Services(R) (Vital(R)) is a leader in technology-based commerce enabling services. Vital’s clients include acquirers and merchant service providers that offer electronic payment processing services to merchants, such as POS products, electronic authorization and data capture; VirtualNet(TM) Internet-commerce services; clearing, settlement and exception processing; accounting, billing and reporting; acquirer services; risk management; and customer service. Vital is a merchant processing joint venture of Visa(R) USA and Total System Services, Inc.(R) (TSYS) (NYSE:TSS).
VeriFone ([http://www.verifone.hp.com]), a division of Hewlett-Packard Company, is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. The division has shipped more than nine million electronic-payment systems, which are used in more than 100 countries.
Hewlett-Packard Company — a leading global provider of computing and imaging solutions and services — is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that’s always on. HP has 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at [http://www.hp.com].
VeriFone yesterday introduced the ‘Omni 3600’ a wireless, portable, multi-application e-payment terminal. The new terminal has a triple-track magnetic-stripe reader, primary smart card reader, and internal PINpad to support credit, debit, and smart card-based transactions. The smart card reader is compliant with EMV standards. Three ‘Security Access Modules’ help safeguard sensitive financial data and support multiple smart card schemes. The new portable terminal utilizes VeriFone’s global e-payment platform, which includes VF’s ‘Verix’ operating environment to support and run multiple applications on a single device. The terminal also comes with VeriFone’s ‘VeriShield’ security architecture. The ‘Omni 3600’ has a large graphical display and high-speed, integrated thermal printer render logos, graphical fonts and character-based languages at up to 15 lines per second. The portable also has an interchangeable, lithium-ion battery that handles up to 100 transactions, including printing, on a single charge. The terminal base also includes a fast 14.4 Kbps modem to streamline batch settlement, perform remote software downloads, and provide backup transaction processing if needed.
Hypercom Corporation and Apriva, Inc., a wireless Application Service Provider, announced that Apriva will provide wireless applications and connectivity for Hypercom’s highly popular epic ICE 4000. The ICE 4000 is a high performance Internet-enabled, wireless card payment terminal and web appliance for merchants and service providers, including car rental companies, stadiums, medical facilities, restaurants and other organizations that want to bring the payment function directly to the consumer.
The Apriva wireless gateway service is a complement to Hypercom’s ePicPortz security and gateway server software. The Apriva service provides the transport and back office integration architecture required to rapidly deploy mobile applications. It will allow merchants to securely and cost-effectively support traditional payment functions including credit, debit, and smart cards virtually anywhere, anytime.
“Demands on the average consumer’s time have never been greater. Competition at the retail level has never been more intense. Both are demanding faster, more secure and virtually `anytime, anywhere’ payment capabilities and services, and the epic ICE 4000 squarely addresses these needs,” said Jairo E. Gonzalez, president, Hypercom(R) Transaction Systems Group. “The ICE 4000 is a compact and robust card payment web appliance. This customer-activated device is extremely easy to use, and it can deliver an array of important value-added features and services. It is the ideal solution for retail stores, restaurants, hotels, stadiums and other organizations that want to use proven technology to maintain their competitive edge. And we are pleased to offer the ICE 4000 with Apriva’s wireless applications and connectivity.”
“Hypercom’s ICE 4000, coupled with Apriva’s wireless communications gateway integrates mobility, technology and real-time transaction processing to deliver a highly-effective and secure wireless card payment solution,” said Chris Spinella, Chairman and CEO of Apriva. “We are very pleased to be able to offer this proven and efficient wireless capability to the nation’s merchants.” The highly secure handheld ePOS-infocommerce(TM) (epic) ICE 4000 card payment terminal is a high performance, touch screen-based, Internet-enabled device that incorporates a firewall-protected multi-application operating system, EMV chip card capability, secure PIN pad, built-in HTML/HTTP web browser and integrated receipt printer. In addition to the embedded applications, the ICE 4000 supports a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser – as well as secure credit, debit and smart card functions. The ICE 4000 can be worn or carried by service providers, or it can be wall-powered for stationary use. It packs the same full functionality and revenue-generating features of Hypercom’s popular epic ICE family of Internet-enabled appliances, including an easy-to-use touch-screen pen entry capability, graphics thermal printer, automatic paper cutter, magnetic stripe and smart card reader and built-in lithium ion battery.
The ICE 4000 offers a choice of communications options, with models supporting a variety of wireless WAN technologies (GSM, CDPD, Mobitex), wireless technologies (900MHz), and a wireline modem that incorporates Hypercom 9600 FastPOS(TM) technology, and a LAN interface. Optional components and add-ons include an adapter for use in autos and memory options of 1.0 to 1.5 MB. Headquartered in Scottsdale, Arizona, Apriva ([www.apriva.com]) is a wireless Application Service Provider that delivers high-performance mobile applications and application development solutions worldwide. Apriva’s Point-of-Sale (POS) system, built using its state-of-the-art wireless application server technology, provides a device-independent infrastructure that securely connects wireless terminals and PDAs to card processors and other transaction service providers. For developers and system integrators, Apriva offers a comprehensive suite of products and solutions to facilitate rapid development and deployment of mobile applications.
Hypercom Corporation ([www.hypercom.com]) is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers. Hypercom’s products include secure card payment terminals and web appliances, networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications. Headquartered in Phoenix, Arizona, Hypercom maintains an installed base of more than 3.5 million card payment terminals which operate in over 100 countries and conduct more than 2.5 billion transactions annually.
Wells OneLook offers Wells Fargo’s customers quick, easy management of online accounts with a single user ID and password. Instead of visiting multiple sites with separate sign-on procedures, customers can now save time and view a consolidated financial picture all in one place. The new account aggregation service is the latest offering in Wells Fargo’s campaign to deliver comprehensive financial services to its online base, and furthers the reputation of wellsfargo.com as one of the premier financial destination sites online.
According to a recent Forrester Research study, 66 percent of online customers want to be able to consolidate their view of online services. Always ahead of the curve, Wells Fargo created Wells OneLook to help customers manage financial resources across various Internet sites. Wells Fargo continues its online leadership by developing services consumers desire most and which leverage its trusted brand to provide security and privacy online. “Wells OneLook meets higher privacy and security standards than many offerings in the industry,” said Avid Modjtabai, executive vice president of Wells Fargo’s Consumer Internet Group. “Consumers who value privacy and security can be confident that Wells Fargo is delivering online services that will safeguard their information.”
“We’re very pleased to have partnered with a leader like Wells Fargo to help develop and deliver truly personalized services for every individual customer,” said Anil Arora, president and CEO of Yodlee, a pioneer and leading provider of personal account aggregation services to businesses worldwide. Customers who make use of Wells OneLook can:
— Save Time: Instead of signing on to multiple Web sites, only a single ID and password is needed to view financial and other personal account information such as reward account balances and e-mail. Even link directly to a site to pay a bill or transfer funds.
— Access the Latest Information: Most account aggregation services present information as of the last time it was gathered. Wells Fargo refreshes the information with each sign on.
— View Everything At-A-Glance: Get a quick, comprehensive display of balances across various account providers on a single screen.
— Set Up and Use with Ease: Selecting a single ID and passcode and doing a one-time setup of each account is all that is needed to get started. Wells OneLook automatically updates all account balances and their most recent transactions with every sign-on.
Wells Fargo was the first major financial services company in the U.S. to launch Internet banking services ([www.wellsfargo.com]). Since that 1995 launch, Wells Fargo has blazed the trail for interactive tools and features for customers. Wells Fargo launched online services in 1989 and has introduced a wide range of easy-to-use online customer services. With more than 2.6 million Internet banking customers and 100,000 new customers joining Internet banking each month, Wells Fargo was named by Gomez Advisors and Nielsen/Net Ratings as the top Internet bank with a 14.4 percent market share and 1.6 million unique visitors.
About Wells Fargo
Wells Fargo and Company (NYSE:WFC) is a $272 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through 6,000 stores, its Internet site ([www.wellsfargo.com]) and other distribution channels across North America as well as internationally.
PSINet Transaction Solutions has selected the Paymentplus payment processing software engine, ‘LiveProcessor’, to power the PSINet ‘Payment Exchange’. ‘Payment Exchange’ is a fast, multi-feature eCommerce payment-processing gateway that organizations can private-label and resell to their small- and medium-sized merchants and business customers. PSINet ‘Payment Exchange’ is also an integral part of PSINet ‘Web Storefront’, an end-to-end eCommerce solution that merchants and other businesses can use to create or enhance an online store that is immediately enabled with fast, secure credit card processing. PTS will license both solutions to financial institutions for resale to their merchant customers.
Brokat Technologies, a global leader in software that enables user-centric business, today announced Brokat PaymentWorks Mobile was ranked as the No. 1 wireless payment software by Celent Communications. Acknowledged for its strong flexibility, scalability and connectivity to back-office systems, PaymentWorks Mobile was additionally noted for its multi-channel support and open architecture. Brokat was also rated as the No. 1 provider of integrated wireless financial services software by Celent in October, 2000.
Celent based the ranking on ease of use, multi-channel support, the types of wireless payment supported, overall functionality, number of clients live or in pilot, wireless devices/protocols supported, global focus, deployment time, and experience in e-payments. Brokat was one of the eleven providers evaluated by Celent in this category.
“The rankings we receive from an independent analyst firm like Celent reinforce Brokat’s leading position in wireless payment software,” said Scott Geddes, vice president of mobile commerce for Brokat Technologies U.S. “Celent’s recognition also validates Brokat’s easy-to-use PaymentWorks software for its multi-channel support and payment flexibility, which enables customers to make secure payments anytime, anywhere.”
“Wireless payment offerings are the next strategic technology initiative for leading retail banks. Financial institutions are rapidly turning to vendors to help them implement mobile payment systems,” said Isabella Fonseca, Celent Analyst and author of the report. “We see two different categories of vendors playing in this field: Internet/wireless application providers and payment specific solution providers. Among the vendors evaluated, Brokat is best positioned to address mobile payment services within the Internet and wireless category of vendors, supporting multiple types of payments and providing a high customization level to financial companies. Brokat’s offerings support the needs of not only financial institutions, but also mobile carriers and m-portals. With its proven technology in the Internet payment space, we expect Brokat to build its financial and mobile payment client base quickly.”
According to Celent’s report, there are currently 4.6 million mobile payment users, with the number expected to increase to over 60 million by 2004. Many of these people will own Internet-enabled phones, creating a significant opportunity for financial institutions to provide additional services.
Brokat PaymentWorks Mobile enables the creation of secure electronic and mobile payment services, allowing customers to use mobile devices to make easy, secure payments. The key component of the PaymentWorks Mobile is the Brokat Mobile Wallet, a mobile wallet server that stores customer data needed for making purchases, such as a user’s identity, credit information, and purchasing limit.
Brokat Technologies is a global leader in software that enables user-centric business. Brokat’s product families — multi-channel infrastructure software, rules management and personalization technology, mobile payment software, and e-finance applications — are used by over 3,500 enterprises worldwide including ABN Amro, Allianz, Bank of America, Blue Martini Software, Charter One, DaimlerChrysler, DBS Bank, Fidelity Investments, IBM Corporation, LBBW, MasterCard International, SE-Banken, Sun Microsystems, Swiss Post Office, T-Motion (a subsidiary of Deutsche Telekom), and Toyota. Strategic partners, among others, include Compaq, Intel, IBM, Siemens, and Sun Microsystems. With dual headquarters in San Jose, California and Stuttgart, Germany, Brokat employs over 1,400 people in 17 countries. Information on Brokat and its products is available at [http://www.brokat.com].
Toronto-based MIST confirmed yesterday that it is now conducting a major pilot of its wireless POS terminal with McDonald’s in Canada. The MIST ‘Freedom II’ pilot is being conducted in the Vivencia Restaurant franchise at the Stouffville, Ontario, Canada location. Customers can operate the portable device at both the drive-through windows and at the restaurant’s counter. There are now more than 1,100 McDonald’s restaurants in Canada that serve approximately 3 million Canadians every day.
MasterCard continues to promote its ‘One Card’ strategy for business and corporate customers. Yesterday Deloitte & Touche released the ‘Second Annual One Card Best Practices Study’ which examined the purchasing habits of 28 organizations ranging in size from less than $500 million to more than $10 billion in revenue. According to the study, 70% of the organizations surveyed use a one card program for 85 to 100% of their e-procurement transactions. More than half of the organizations participating in the study implemented a one card program during the last two years. More than 90% of the study’s respondents reported a high level of user satisfaction with one card programs, citing time-saving, easy-to-use features such as a single organizational database that houses all charges.
Juniper Bank (www.juniper.com) an online and wireless consumer financial services company and division of Columbus Bank and Trust Company, announced that it has partnered with the world’s leader in tax preparation, H&R Block, to help take the hassle out of this year’s tax preparation process.
Starting today through April 15, Juniper customers and visitors can access H&R Block’s easy-to-use online tax preparation products and services, and a wide range of up-to-date information and tools, from a co-branded Website hosted by Juniper. H&R Block’s new online tax services provide innovative, comprehensive choices for all taxpayers, eliminating the guesswork and stress from tax preparation no matter how complex the return.
‘H&R Block is a brand that consumers know and trust, and their decades of experience in tax preparation makes them the leader in their field,’ said Jim Stewart, president of Juniper Financial Corporation. ‘H&R Block’s services simplify the often daunting task of tax preparation, and they perfectly complement Juniper’s mission to make our customers’ financial lives easier.’
Juniper customers and visitors will have access to the following H&R Block tax products and services:
Â· Online Tax Program A straightforward, secure, do-it-yourself online tax preparation and filing program for U.S. federal and state tax returns. The Online Tax Program performs calculations automatically, checks for errors, identifies deductions and fills out all of the appropriate IRS approved forms. (Cost: $19.95; includes electronic filing fee and one resident state return)
Â· TaxCutÂ® Deluxe H&R Block’s award winning tax preparation software is now available for download from the Juniper site. TaxCut Deluxe includes multimedia tax help videos and imports data directly from many popular financial planning software packages. (Cost: $19.95; includes electronic filing fee and one resident state return)
Â· Professional Review Users who prepare their taxes online can have them reviewed by an H&R Block tax specialist prior to filing. H&R Block will review the return for missing information, errors and IRS ‘red flags.’ (Cost: 29.95; includes review of federal and resident state returns, and H&R Block’s error-free guarantee)
Â· Professional Tax Service A comprehensive review and filing service that allows users to have their taxes prepared online by an H&R Block specialist from the comforts of home. Users need only submit their tax information, answer simple questions, and an H&R Block specialist prepares the return. Once the return is complete, H&R Block will sign and submit the return.
In addition, Juniper customers will have a wide array of tax content available to them including tax tips, calculators, calendars, message boards and selected state tax information.
About H&R Block
H&R Block Inc. is a diversified company with subsidiaries providing a wide range of financial products and services. This year, H&R Block served 19.2 million taxpayers more than any other company – through its more than 10,000 offices located primarily in the United States, Canada, Australia and the United Kingdom. H&R Block served another 1.8 million tax clients through its award-winning software program, Kiplinger TaxCutÂ®, and through its new online tax preparation services. H&R Block Financial Advisors member NYSE, SIPC, offers investment services and securities products. H&R Block Mortgage Corporation and Option One Mortgage Corporation offer a full range of home mortgage products. RSM McGladrey Inc. is a national accounting, tax and consulting firm with 100 offices nationwide, as well as an affiliation with 550 offices in 75 countries as the U.S. member of RSM International. Quarterly results and other information are available on the company’s Web site at [www.hrblock.com].
About Juniper Bank
Juniper Financial Corporation, a privately held company headquartered in Wilmington, Delaware, operates Juniper Bank as a division of Columbus Bank and Trust Company of Columbus, Georgia. With the aim of creating a bank that empowers consumers with greater flexibility and control over their finances, Juniper offers a wide array of financial products and services and the ability for consumers to access account information, transfer funds and pay bills via the Internet, phone or wireless devices. The company has received more than $114 million in funding from such investors as Benchmark Capital, J&W Seligman, Sonera Corporation, Total Technology Ventures, Aether Systems, Fifth Third Bancorp and others. Additional information about the company, its products and services, and employment opportunities can be found online at [www.juniper.com] or send email to [email protected]
Northern Light Technology,Inc., an Internet search engine and supplier of information management solutions, has teamed up with MasterCard International to create MasterCard e-Business News (), a state-of-the-art global e-Business information Web site for MasterCard member financial institutions. The site uses the research, information and archival resources of Northern Light to keep MasterCard’s members abreast of industry developments by providing up-to-the-minute news and information on key e- business topics.
The site allows pre-constructed, real-time, in-depth searches on topics such as Smart Cards, Digital Wallets, Internet Security, Consumer Behavior Online, Mobile Commerce and more. The searches are conducted using Northern Light’s Live Query technology, which locates relevant articles and information, and then organizes the results into Custom Search Folders, for easier use. Northern Light also provides Editor’s Picks that list specific articles and Web sites of particular value on selected topics.
The site, accessible only to registered subscribers, also allows users to create their own searches that query both Northern Light’s Web database and their Special Collection, an online business library of more than 7,100 full-text licensed sources. The site’s optional e-mail alert function, based on Northern Light’s Search Alerts, conveniently notifies subscribers when new information about their selected topics becomes available.
“MasterCard’s e-Business News is an advanced communications vehicle that provides convenient one stop shopping for our members’ wide range of e- business information needs,” said Art Kranzley, senior vice president, Global e-Business, MasterCard International. “We worked very closely with Northern Light’s editorial staff to identify topics that would most benefit our members and are thrilled that the site has already been used in more than 25 countries.”
“MasterCard is a world-renowned name in the payments industry and the MasterCard e-Business News site is an example of how a company that clearly understands its industry can provide real value to its members by offering easy-to-use and topical information resources,” said David Seuss, CEO of Northern Light.
About Northern Light
Northern Light Technology, Inc., headquartered in Cambridge, MA, is a leading Internet provider of information solutions for enterprises and individuals. Founded by a seasoned management team of librarians, software engineers, and information professionals, the company’s search engine [[www.NorthernLight.com]], is among the world’s most comprehensive, indexing more than 330 million Web pages as well as over 50 million pages of business information not generally available on the Web from over 7,100 licensed business and information sources. Northern Light combines the capabilities of Web search providers, licensed third-party business information suppliers, and text-retrieval database software vendors to provide customers and partners with a new generation of custom enterprise information applications. The company has received multiple Editors’ Choice awards for its search capabilities from PC Magazine and was named a 2000 Web business award winner for online excellence by CIO Magazine for its [http://www.NLResearch.com] Web site.
MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1 billion MasterCard(R), Cirrus(R) and Maestro(R) 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 the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. With more than 19 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 1999, gross dollar volume exceeded US$725 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com].