MasterCard Honors 3 Asia-Pacific Co-Branded Cards

MasterCard announced that three co-brand card programs from Asia/Pacific have been inducted into its “Winners’ Circle.” “Coles Myer Source MasterCard,” “Virgin Money MasterCard” from Australia, and the “Vanke Real Estate Co-Brand” from China received the inaugural award that recognizes partners for excellence in co-branding. The “Coles Myer Source MasterCard” is the fastest growing credit card in Australia, with over 470,000 cards issued since its launch in October 2003. The card is also the only no fee gold card in Australia. The “Virgin Money MasterCard” offers low pricing and an instant rewards program, attracting over 500,000 new applicants within the first nine months.
The “Vanke Real Estate” co-brand was launched in more than six cities including Beijing, Shanghai, Shenzhen, Jiangsu, Liaoning, and Hubei. It has issued 30,000 cards to-date since September 2003, making it one of China’s most successful programs.

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Hypercom Introduces POS Network Access Controller

Hypercom has introduced a high-density, multi-function POS network access controller to speed transactions for financial institutions, retailers, service providers, and other high traffic transaction-oriented entities. The compact “MegaNAC 240” concentrator utilizes an advanced, high-density DSP network interface module that supports a full T1, E1, or ISDN PRI trunk on a single card. As a result, a single 19-inch wide chassis can support up to eight digital trunk lines totaling 240 multi-speed, multi-protocol modem or data ports. The chassis also supports TCP/IP network interface cards, allowing a user to mix-and-match dial and IP transactions within a single, common platform. On the backbone network side, the “MegaNAC 240” supports an array of host and WAN protocols, including TCP/IP, SNA/SDLC, X.25, and Frame Relay.

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VeriFone Adds New Terminals to its Vx Line

VeriFone unveiled a countertop multi-application terminal and a wireless and portable terminal in its new “Vx Solutions” terminal family. The new countertop “Vx 510” and wireless “Vx 610” represent upgrade paths for current users of “Omni” terminals. The “Vx 510” incorporates a built-in thermal printer with drop-in “clam shell” paper loading, a backlit display, ATM-style interface, and on-screen prompts. The advanced processor also provides multi-tasking capabilities suited to value-added applications and EMV smart card transactions. The “Vx 610” features the same compact design of the “Vx 510,” but in a portable, battery-powered form factor that uses Wi-Fi, CDMA and GPRS. To-date VeriFone has shipped more than 50,000 terminals in its “Vx Solutions” line.

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Lipman Revenues Rise 43% in the Third Quarter

Lipman Electronic Engineering posted third quarter revenues of $44.5 million, a 43% increase over the year ago period. Net income for the quarter climbed 40% to $9.6 million compared to 3Q/03. During the quarter, Lipman completed its acquisition of Dione, Plc giving the terminal manufacturer an expanded suite of offerings and entry into South Africa and Finland, as well as a significantly expanded presence in the United Kingdom. Lipman acquired privately-held, London-based Dione for $69 million. In addition, Lipman will pay up to $33.4 million to Dione in earn-outs for 2005 and 2006, according to CardFlash International. Dione is a supplier of smart card-based payment systems with applications and managed services, posting revenues for the first nine months of this year of approximately $46 million. Also during the third quarter, Lipman received “EMV 2000” approval for its “NURIT” terminals. For complete details on Lipman’s 3Q/04 performance, visit CardData ([www.carddata.com][1]).

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

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CU Ink & GenPass Sign a Deal

CU ink and Genpass have formed an alliance in which CU ink will promote Genpass EFT processing services and the “MoneyPass” surcharge-free ATM Network to CU ink’s Credit Union customers. Genpass’ ATM terminal driving, debit card processing, ATM maintenance, “PayCards,” and participation in “MoneyPass” will be promoted. CU ink is a supplier of computer forms products such as checks, statements, receipts, and notices, along with a line of marketing products and services including newsletters, brochures, direct mail, and posters.

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SoundBite 5.0 for Financial Services is Launched

SoundBite Communications has released “SoundBite 5.0 for Financial Services,” a Web-hosted solution built on the Company’s interactive voice messaging technology platform. “OnDemand Blended Suppression,” “OnDemand Enterprise Support,” and “OnDemand Campaign Management” are among the features of the solution. Benefits that companies will experience using the solution include “pay as you go” use, no hardware or software installation, high response rates, and SoundBite’s in-depth industry expertise.

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