Euroclear & SmartStream Launch Reference Data Utility

Euroclear Bank and SmartStream partnered to provide a centralized reference data utility service known as the Central Data Utility (CDU). For this, Euroclear Bank service will source securities data from data vendors as well as from data originators, such as central securities depositories and stock exchanges. Powered by SmartStream technology, securities data processed in the CDU will first be validated, cleansed of inaccuracies and then enriched before being relayed to clients in the precise format that the client has chosen, on an intra-day basis. This new service is unique in that it is available to market participants in the form of a centralised utility. CDU clients can benefit from a centralised and simplified process to access cleansed data from their chosen data vendors.

EUROCLEAR EXEC

Euroclear has appointed Lieve Mostrey Executive Director, Chief Technology and Services Officer. Having began her career in 1983 within the IT department of Generale Bank in Brussels, moving to operations in 1997, eventually to become country manager for Fortis Bank Belgium, Mostrey was most recently appointed COO with Fortis Bank where she has sat since 2008. She was also a Non-Executive Director of the Boards of Euroclear PLC and Euroclear SA/NV between 2006 and May 2010. With her latest appointment, Mostrey will become a member of the Euroclear Group Management Committee and an Executive Director of the Board and will oversee all technological and operational aspects of the business.

Americans Resist Card Fees for Taxes

Consumer resistance to convenience fees charged for making tax payments on credit or debit cards is building. According to a new survey, nearly eight out of ten consumers say they “definitely will not” use a credit card the next time they owe incremental federal income taxes. Market research firm Ipsos Insight says its study revealed for the third year that while 68% of American adults are aware that the IRS accepts credit cards, only 1% plan to use a credit card to pay Federal income taxes for 2005. However, the IRS reports that 1.5 million paid by credit card last year, a 54% increase from 2004. MasterCard says taxpayers paid over $260 million in federal tax obligations with MasterCard cards in 2005. While the growth is impressive the numbers are infinitesimal in the big picture. Ipsos Insight says its research showed that 62% of Americans will use a personal check, 11% will use a money order and 7% will use direct debit to pay Federal taxes this year. The study also reported that if the card service were free, 23% of those open to the concept would use it, up slightly from the 21% reported last year. (CF Library 2/2/06)

Hypercom Names a Chief Scientist

Hypercom has named Jonatan Schmidt, formerly with SiVault Systems, to the newly created position of Chief Scientist and Technology Officer. He has 16 years of experience in product and services development in point-of-sale technology, including bank card, transaction processing, and POS and ATM equipment and services. Most recently, as Chief Strategy Officer and later Chief Technology Officer at SiVault Systems, he designed and implemented transaction service architecture that enabled signature authentication and electronic check verification at merchant countertops. Schmidt holds a Master’s Degree in Business Administration and a Bachelor of Science Degree in Financial Systems from Moscow University. Hypercom provides card payment terminal, network access device, server and transaction networking solutions.

GEMPLUS PHONE CARDS

Gemplus has delivered its third billionth phone card for the public telephony sector. Gemplus recently delivered their third billionth phone card to Telmex, the largest operator worldwide in public telephony and Gemplus’ biggest client in this field. Gemplus is the first smart card manufacturer to reach this milestone. Among Gemplus’ eighty customers worldwide, are CANTV, Venezuela, China NetCom, China Telecom, Deutsche Telekom, France Telecom, Menatel and Telmex, Mexico.

KBC Proton Cards

Oberthur Card Systems has inked a deal with KBC Bank & Insurance Group NV for the delivery of more than 10 million “Proton Prisma” EMV smart cards. KBC intends to distribute the cards to consumers in Belgium, Poland, the Czech and Slovak Republics and Hungary next year. One year ago, KBC and Proton World signed an agreement licensing the “Proton Prisma” multi-application smart card technology in a number of its associated banks in Central and Eastern Europe. In the initial phase, the agreement will involve CSOB Bank in the Czech Republic (with branches in the Slovak Republic), Kereskedelmi es Hitelbank in Hungary, and the Poland-based Kredytbank, which also has branches in Lithuania and a subsidiary in Ukraine.

KBC PROTON CARDS

Oberthur Card Systems has inked a deal with KBC Bank & Insurance Group NV for the delivery of more than 10 million “Proton Prisma” EMV smart cards. KBC intends to distribute the cards to consumers in Belgium, Poland, the Czech and Slovak Republics and Hungary next year. One year ago, KBC and Proton World signed an agreement licensing the “Proton Prisma” multi-application smart card technology in a number of its associated banks in Central and Eastern Europe. In the initial phase, the agreement will involve CSOB Bank in the Czech Republic (with branches in the Slovak Republic), Kereskedelmi es Hitelbank (K&H) in Hungary, and the Poland-based Kredytbank, which also has branches in Lithuania and a subsidiary in Ukraine.

GSM SIM CARDS

China Unicom has ordered six million “SIMtonIC” GSM SIM cards from
Oberthur Card Systems. The order follows the announcement in February of an
order for 7.5 million high-end 32K SIM cards for China Unicom_s CDMA and
GSM networks. The cards will be manufactured and personalized in Oberthur
Card Systems_ Shenzhen production site, which is “ISO 9001 version 2000”
certified.

Oberthur 1Q/03

Oberthur Card Systems reported that sales for the first quarter, a traditionally weak quarter, reached 103.8 million Euros, a slight increase over 1Q/02. Nearly 29 million smart cards were shipped during the quarter, a 39% gain over the year-ago quarter. Compared to 1Q/02, smart card sales increased by 10.8% as a result of both a volume increase, and a 20.5% average selling price decline. Banking smart cards shipments have increased by 26.9% on a year-on-year basis, totaling 11 million cards delivered. Oberthur says growth in this segment came essentially from the UKIS migration program currently taking place in the United Kingdom. Sales of SIM cards hit 13.4 million cards for the first quarter, a 28.5% gain on a year-on-year basis. For complete details on Oberthur’s first quarter results visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

OBERTHUR 1Q/03

Oberthur Card Systems reported that sales for the first quarter, a
traditionally weak quarter, reached 103.8 million Euros, a slight increase
over 1Q/02. Nearly 29 million smart cards were shipped during the quarter,
a 39% gain over the year-ago quarter. Compared to 1Q/02, smart card sales
increased by 10.8% as a result of both a
volume increase, and a 20.5% average selling price decline. Banking smart
cards shipments have increased by 26.9% on a year-on-year basis, totaling
11 million cards delivered. Oberthur says growth in this segment came
essentially from the UKIS migration program currently taking place in the
United Kingdom. Sales of SIM cards hit 13.4 million cards for the first
quarter, a 28.5% gain on a year-on-year basis.