Western Union Financial Services and EDS announced Tuesday they are developing a system for cardless, consumer-initiated cash and cash equivalent transfers at ATM machines. The system, based on EDS patents, will enable consumers to electronically move funds from person to person, 24 hours a day, seven days a week at more than 13,000 EDS-operated ATM machines and 25,000 Western Union agent locations throughout the U.S..The system will feature on-screen prompts that instruct consumers to enter transaction information and numeric codes on an ATM keypad. The consumer sending cash will insert his debit card, then enter his PIN and amount of cash to be sent. The ATM then asks the customer for a ten-digit number, and the system generates a confirmation code. After verifying the consumer’s ID, the terminals displays a fee amount and issues two receipts. The consumer then simply forwards the transaction information to the recipient. The consumer receiving the cash needs neither an access card or bank account — simply going to the nearest ATM offering the service and receiving the cash instantly. The companies plan to deliver a domestic pilot program of the new system by April 1999. Western Union will also market the service to other ATM networks.
BankBoston unveiled three new online banking services Tuesday including ‘OfficeLink’ for small and mid-size businesses, a new version of its popular home banking program, ‘HomeLink’, and ‘Online Account Opening’. ‘HomeLink’ and ‘OfficeLink’ will be accessible on the Internet beginning in July, with both products available beginning May 26 through a private network. OfficeLink is a stand-alone system, provided to customers free-of-charge from BankBoston. It gives customers the ability to view real-time balances and account activity as well as transfer funds for immediate access or future availability. Other features include the ability to set up balance alerts for notification when balances go above or below a predetermined amount, and to forecast balances based on transactions scheduled through OfficeLink. ‘HomeLink’, introduced in 1996, now has 250,000 users, representing 18% of BankBoston’s customers. This proprietary computer banking service gives customers the ability to check balances, transfer funds and pay bills from any Windows or Macintosh computer. ‘Online Account Opening’ gives customers the ability to open a checking or savings account or a CD over the Internet and is fully interactive.
Comerica introduced ‘Comerica Home ATM’ yesterday which transfers the universal experience of using an ATM to the consumer’s personal computer. The ‘Comerica Home ATM’ program screens look and work just like a typical ATM that consumers already know how to use, as a matter-of-fact the guide to get started is only one page. Customers have the ability review accounts, retrieve monthly statements, perform balance inquiries, and transfer funds between accounts. Customers can also use the new service to pay bills, using screens that look just like a check. Monthly service fees will vary according to region, but will generally range between $5.95 – $7.95. The software is free and customers receive the first 60 days free. Comerica worked with software developers at Home Financial Network in Westport, CT to create ‘Comerica Home ATM’.
San Diego-based Salford Systems introduced ‘CART’, a user-friendly classification-and-regression-tree software. ‘CART’ produces the reliable classification and prediction models for applications such as profiling best customers, targeting direct mailings, detecting telecommunications and credit-card fraud, and managing credit risk. The most important data-mining business applications, such as classification and predictive modeling, can be accomplished using just ‘CART’. The data-mining tool uses an intuitive, Windows-based interface. The software also uses historical data to discover patterns, trends and relationships, and it automatically generates high-performance predictive models that can be applied to new data. For experienced data analysts, ‘CART’ provides the advanced features such as: multiple automatic self-validation procedures; adjustable misclassification penalties; intelligent surrogates for missing values; eight choices for tree-growing criteria; multiple-tree, committee-of-expert methods, or bootstrap aggregation; and a complete programming language with flow control for on-the-fly data manipulation
Ariba Technologies announced plans yesterday to deliver a new travel and expense management system in September, as a part of its Release 5.0 of the Ariba ORMS. This new application, ‘Ariba Travel and Expense Management’, will extend the functionality of the Ariba ‘Operating Resource Management System’. Using the new application, travelers will automatically download expenses from their corporate credit cards to avoid manually keying entries, and then easily generate and submit expense reports on-line, routing them for approval according to configurable business rules. Once approved, the system will then pass information to the company’s payables or payroll system for payment.
The Smart Card Industry Association (SCIA) has formed the SCIA Discussion Mailing List (DML), a free e-mail membership list-service, to provide a vibrant communications mechanism for smart card industry dialogue.
The formation of the DML further demonstrates the SCIA mission of promoting the understanding and acceptance of smart card technology worldwide. “The DML serves as a forum for discussion about smart card technology, applications and issues,” said SCIA President and CEO Dan Cunningham. “It’s an easy-to-use method for people to network, find answers and discuss issues concerning the burgeoning smart card market.”
DML members send e-mails with questions, comments, topics, etc., to a host computer, which disseminates the information to the entire list; responses to the host computer build the group discussion. DML members are also given the option of replying only to the original sender. The DML is open to both SCIA members and non-members, but remains private in that only those that have joined the SCIA DML are included in distributions.
While the DML is similar to a newsgroup or message board, the privacy of the list and rules prohibiting advertising or promotional material prevents e-mail spamming and inappropriate messages from burdening DML members. Messages from non-DML members are rejected by the host computer and DML members can be removed from the list for not complying with rules. “The DML provides a way to get helpful, useful information without hassle,” noted Cunningham. “When members receive mail, they will know it’s useful and relevant.”
Schlumberger Smart Cards & Terminals and Cyberpro Technologies announced Monday the launch of North America’s largest smart card sponsorship program. About 120,000 members of the amateur Quebec Soccer Federation will be given a Schlumberger smart card loaded with promotional offers from McDonald’s restaurants and other QSF partners. At registration, all soccer players, coaches, referees and volunteers from over 400 clubs across the province of Quebec will be issued individual cards valid for a year. The cards will also be used by players to register at selected tournaments. These cards will be accepted at all 210 McDonald’s restaurants in Quebec, as well as at participating movie rental outlets from the Super Club Videotron chain, a hotel chain, various sporting goods stores and other local sponsors across the province. All participating outlets will be equipped with a Schlumberger MagIC 9000 card reader which will process the cards, select promotions and keep track of members’ purchases.
The ‘CardTech/SecurTech ’98’ expo gets underway this morning in Washington, D.C. as hundreds of vendors gather to show-off their high tech card stuff. Giesecke & Devrient America said Friday they will demo the first multi-currency ‘VISA Cash’ smart card on the Internet. The card utilizes G&D’s ‘STARCOS SVO’ operating system. G&D also announced it will demonstrate its new ‘[email protected]’ Java smart card and development toolkit. The new toolkit can be used in smart cards for a wide variety of applications including secure payment, telecommunications, multimedia and transportation.
Nortel, a leader in advanced public access solutions, today announce a jack option for its wall mounted Millennium(x) MultiPay MultiCard terminals. This innovative feature allows Millennium payphone users to take full advantage of mobile computing by delivering a data communications port to public areas such as airports, hotel lobbies, truck stops, convention centers and other locations where business travelers require access to their network. By integrating the RJ-11 port into the phone’s card reader bezel, Nortel’s Millennium payphone provides users with an easy-to-use phone that offers a range of payment methods such as smart cards, credit cards, and calling cards.
According to the August 1997 Yankee Group study, “Understanding the Next Phase of Mobile Computing,” mobile computer sales are increasing at a rate of 23 percent annually. Nortel’s Millennium phones equipped with data jacks will enable these mobile computer users to access their private email, corporate intranets, the Internet, and information databases from the public arena. Conveniently located on the front of the phone near the card reader bezel, the data jack is easy to find and easy to use. In addition, bi-lingual visual prompts on the Millennium phone’s florescent display provide instructions for use and payment. The visual prompts can be programmed to operate in either English, Spanish, Japanese or French.
After a successful trial, U S WEST plans to deploy its Millennium Data Stop, Nortel Millennium phones equipped with data jacks, in select locations throughout its 14 state area. “More and more people are carrying laptop computers, and these people need convenient public access to data communications,” said Mike Goebel, new product development manager, U S WEST. “Many travelers cannot wait until they arrive at an office or their hotel room; they need immediate access to their data, and Nortel’s Millennium phones are the obvious solution.”
Nortel’s Millennium MultiPay MultiCard with data jack will enable new revenue streams and comprehensive reporting to payphone service providers. In addition, the phones are equipped with a card reader, which increases the security of calling card numbers and eliminates concern about onlookers. The Millennium phones also interface in real time with financial institutions to obtain positive card validation and monitor cards for suspicious use.
The Millennium MultiPay with data jack is available as both a factory installed option and a field upgradeable feature. There are currently more than 150,000 Millennium payphones throughout North America. More information on Nortel’s public communications access terminals is available by calling 800-4NORTEL (800-466-7835).
Giesecke & Devrient America, Inc. (G&D America), a world leader in the development and production of cards and card systems was selected by CardTech/SecurTech (CTST) to provide the official conference smart card for the world’s most prestigious card and security technology trade event which will take place April 27-30 at the Washington Convention Center in Washington, D.C.
G&D America’s CTST Conference Card
The multi-application CTST Conference Smart Card uses both contact and contactless technologies as well as a conventional magnetic stripe. G&D America is providing all conference cards for the show which is expected to attract 10,000 visitors from more than 70 nations.
The CTST card incorporates G&D’s highly regarded STARCOS(R) operating system for contact applications and utilizes a MIFARE(R) chip for contactless applications. In integrating a broad range of conference functions, the card provides an electronic purse capability for vending machine and merchant use, and sophisticated customer lead tracking data for exhibitor use. The cards will also be used by seminar attendees for lunches and to pick up conference proceedings.
Product Demonstrations at CardTech/SecurTech Conference at Booth No. 1620
G&D will showcase its new [email protected](TM) Java(TM) Card and development toolkit, which provides an integrated and easy-to-use Java Card 2.0 compliant programming environment. [email protected] smart cards can be used in a wide range of smart card applications including secure payment, telecommunications, multimedia, and transportation. In addition, G&D America will present a variety of other contact and contactless smart card technologies including:
Electronic purse applications:
— G&D’s STARCOS SV(R) multi-application operating system in a first-ever demonstration of multi-currency Visa(R) Cash purchase transactions over the Internet.
— G&D’s ICAROS(R) intelligent card operating system supporting the PROTON(TM) electronic purse.
— Mondex(TM) cards in a variety of purchase applications. (G&D Security Card Systems is one of a select group of manufacturers certified for all aspects of Mondex card production including fabrication, personalization, enablement, and customization.)
Loyalty and Biometric Applications:
— Multi-retailer loyalty cards in cooperation with Score Promotions. A flexible, scaleable loyalty server will be demonstrated that is ideal for coalition marketing programs.
— G&D cards used with fingerprint recognition from American Biometrics to secure personal computer user access.
Contactless smart card technologies:
— G&D’s LOCO-LOCK(R), an innovative, ruggedized contactless technology developed for high-speed rail applications.
— G&D’s MIFARE(R), LEGIC(R), and OTI(TM) contactless technologies.
GSM SIM card applications:
— G&D’s STARSIM(R) Phase 2+ multi-application SIM operating system, including the commands and features of the STARSIM Development Toolkit.
— The G&D Smart Card Dispensing Machine (SCDM) with special commemorative prepaid telephone cards from the Global Chip Card Alliance/US West and GTE.
ABOUT GIESECKE & DEVRIENT
Giesecke & Devrient GmbH is a world leader in the development and production of cards and card systems, including microprocessor, memory, and magnetic stripe cards. A privately-held Munich-based corporation, Giesecke & Devrient employs 4,300 people worldwide in its operating units in Germany, Belgium, Spain, Mexico, China, Russia, Singapore, Australia, South Africa, Canada, and the United States.
The rapidly expanding G&D America manages over 900 employees and is a wholly owned subsidiary of Giesecke and Devrient. The Virginia-based company focuses its North American sales and development efforts on products for Giesecke & Devrient’s Card and Card Systems Division and its pioneering currency processing systems which are used by major central banks and leading commercial banks throughout the world.
G&D’s integrated North American Cards and Card Systems strategy links Giesecke & Devrient Cardtech, Inc. of Cleveland, OH with Giesecke & Devrient Security Card Systems, Inc., Toronto, ON and Giesecke y Devrient de Mexico S.A. de C.V., Mexico City, which permits G&D to address the full spectrum of card applications ranging from magnetic stripe cards to advanced multi-application smart card environments. The combined production capacities of the three s gives G&D one of the largest capacities of any North American card and card systems manufacturer. In addition to these production facilities, G&D America also operates research facilities in Philadelphia, Pennsylvania and Bedford, Massachusetts. For further information, please contact G&D America toll free at 800-296-4371 or see the Giesecke & Devrient GmbH web at [http://www.gdm.de]
MasterCard International introduced a merchant incentive program to expand card usage and acceptance for recurring payment transactions in the U.S. MasterCardâs new Service Industries Inventive Program targets the insurance, utility, telecommunications, and cable television industries the four merchant categories that constitute more that 90 percent of the $500 billion recurring payment category. Currently 98 percent of recurring payments within these industries are paid by checks representing an enormous growth opportunity for credit cards. To assist members in enlisting merchant acceptance of recurring payments by credit card, MasterCard is offering a special incentive interchange rate for all participating merchants in the insurance, utility, telecom and cable industries who begin a Recurring Payment by MasterCard Program. MasterCard is also adopting operational enhancement and has designed an extensive sales and marketing program called “Repeat Pay”.
DataCard Corporation announced that its DataCard LAN and DataCard 80 series transaction terminals will support the new line of LAN-based POS solutions from First Data Merchant Services Corporation, a subsidiary of First Data Corporation.
The PAYMENT PRO solution from FDMS allows restaurant, lodging and retail merchants to authorize and settle credit card transactions accurately and efficiently.
A key selling point for PAYMENT PRO is the option to eliminate a backroom PC that functions as a server for most multi-terminal POS configurations.
“Our peer-to-peer LAN eliminates the need for a PC-based server,” said John Mamalakis, senior vice president for DataCard’s financial systems group. “This shared transaction database allows clerks, cashiers and waiters to initiate a transaction at one terminal on the network and close it out at any other terminal on the network.”
“The DataCard LAN also allows merchants to settle transaction activity for the entire network at one terminal,” Mamalakis added. “That makes settlement faster, easier and more accurate for merchants in multi-terminal environments.”
In the PAYMENT PRO configuration, the DataCard(R) 780 transaction terminal serves as a host for the entire network. This allows merchants to save money and simplify their operations by routing transactions through a single phone line.
“All authorizations are channeled through the server,” said Tom Kettell, vice president of marketing for DataCard’s financial systems group. “It’s a much faster and simpler approach.”
Another benefit of the PAYMENT PRO solution is a feature known as “host parameters.” This feature allows software changes to be sent directly from a host computer to the merchant’s terminals.
“Typically, merchants have to take their terminals off-line and send them into a central location when it’s time for software upgrades,” Kettell said. “But with PAYMENT PRO, the merchant receives many software upgrades over a phone line. It’s much less disruptive and much more cost-effective.”
The DataCard(R) 780 and 485 transaction terminals offer convenient two-line displays, easy-to-use function keys and plenty of memory.
“The PAYMENT PRO solution, together with DataCard’s expertise, allows us to provide our clients with the most advanced POS LAN solution for the mid-sized lodging, restaurant and retail markets,” said Ian Drysdale, vice president of terminal product development for FDMS.
“Our LAN also provides merchants with room for growth,” Kettell added. “They can create networks with as many as 31 terminals with our LAN product. So, it’s a good, safe investment for the future.”
First Data Merchant Services is a leading provider of one-source merchant transaction and information processing services, as well as electronic commerce and business-to-business purchasing services over the Internet. ()
DataCard Corporation, a privately held company based in Minneapolis, Minn., provides customers around the world with fully integrated solutions for a variety of financial, identification and healthcare applications. In addition to turnkey solutions, the company offers complete lines of digital photo ID systems and printers, card personalization systems and transaction systems. ()