Prism Holdings Ltd. has chosen Atmel’s secure microcontroller silicon
platform for its “aSIMetrix” SIM card. Based on the Atmel “AT90SC” product
family, the Prism “aSIMetrix” SIM card combines the full
spectrum of GSM phase2+ functionality together with a SmartTrust certified
wireless Internet browser), advanced menu and application management
functions, and a full suite of advanced cryptographic plug-ins, all on a
single card. It uniquely caters to secure wireless payment and other mobile
applications with stringent security requirements. Prism Holdings is a
major supplier of GSM solutions to government and commercial organizations
worldwide provides the infrastructure and technology component required to
support the mobile commerce initiative of “TMTOUCH,” the GSM network
operator in Malaysia.

Prism POS Services

Prism Processing Services, the financial institution sales and service unit of Paymentech, has launched two new point-of-sale offerings for independent bankers and their merchant customers. Prism announced the services in Kauai, Hawaii this morning at the Western Independent Banker Association (WIB) Conference for bank presidents, senior officers and directors. Prism is the only merchant bankcard processor endorsed by the WIB.

Prism is one of the first to offer Telecheck’s Eclipse terminal, the first integrated payment terminal designed to provide support for electronic check conversion, and a proprietary gift card solution that will integrate gift card transactions with credit card processing. Prism provides independent banks with the ability to offer merchant clients the latest in payment processing technology.

Prism’s solution featuring the Eclipse terminal, offers a comprehensive payment solution that includes the TeleCheck(R) Electronic Check Acceptance(SM) (ECA(R)) service. ECA converts paper checks into an electronic transaction at the point of sale. ECA eliminates the hassles of processing paper checks, combining online check authorization and guarantee with an electronic capture of the transaction for settlement via the ACH network. The Eclipse terminal fully integrates the check transaction with other electronic payments such as credit and debit cards. Paymentech will also support electronic benefits transfers (EBT) and California truncation requirements.

ECA service is simplified with the Eclipse terminal: the merchant simply inserts the check into the terminal and enters the transaction information. Within seconds TeleCheck authorizes the transaction and the terminal prints a receipt for the customer to sign. With the signature TeleCheck electronically presents the transaction to the customer’s bank and automatically funds the merchant for the transaction within two business days.

Prism’s gift card solution is processed through Paymentech Network Services and eliminates the need for extra equipment and stand-beside applications when the merchant utilizes Paymentech for authorization and data capture services. Prism gift card services encompass customized plastic, transaction processing, specialized reporting, help desk support and database maintenance. The Prism/Paymentech Gift Card offers an electronic and highly secure alternative to paper gift certificates. Merchants can eliminate the need for costly stand-beside systems and extra equipment used with other gift card programs. This simplifies implementation and reduces a merchant’s initial investment.

Prism offers a full array of bankcard products, services and support to financial institutions. For nearly a decade Prism has been a leading processor providing tailored applications to meet the unique requirements of bank clients. Prism’s comprehensive services include: merchant sales and support, terminal management, authorizations and settlements, and reporting.

California-based Prism Processing Services ([][1]), founded in 1992, provides a wide-array of payment processing options to financial institutions nationwide. A subsidiary of Paymentech, Prism provides independent and community banks, credit unions and savings and loans institutions with full turnkey operations or customized merchant processing solutions. Paymentech, the payment solutions company(TM), is the nation’s largest processor and acquirer of credit card transactions, and the leader in non-face-to-face payment processing for Internet and direct marketing.