Global Axcess Net Income Climbs 86%

FL-based Global Axcess reported second quarter revenues of $3.1 million, an 18% jump year-on-year. Net Income climbed 86% to $366,123 compared to 2Q/03. During the second quarter, the Company achieved a record increase in the number of financial institutions who have contracted with under “Branded Cash,” bringing the total to 54 partners, up from 41 at the end of the first quarter. ATMs in operation under its “Branded Cash” program rose from 376 sites to 473. Global Axcess says it is experiencing notable success with its new “ATMS-MADE-EASY” program, introduced in May of this year. Following an initial market test, whereby the Company sold 61 ATM terminals and associated support services to retail merchants, Global Axcess sold 92 additional sites in May and June, bringing the total under the program to 153. For complete details on Global Axcess’ latest performance visit CardData ([www.carddata.com][1]).

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

Details

Equifax Launches UK Credit Scoring Product

Equifax has launched a credit scoring product in the UK. “Equifax Credit Rating” is part of a portfolio of personal
solutions. In September 2003, Equifax launched its Personal Solutions group in the U.K., and currently offers Personal Solutions products in the U.S., Canada and Latin America. “Equifax Credit Rating” uses data analysis and decisioning technology to provide U.K. consumers with instant access to their Equifax credit report and credit score.

Details

NBS Technologies Acquires UbiQ

Toronto-based NBS Technologies has entered into a definitive
agreement to acquire UbiQ. UbiQ, based in Minneapolis, Minnesota, is a privately held software development company dedicated to the smart card industry. Under the terms of the proposed transaction, NBS will issue a
combination of cash and common shares to holders of equity interests of
UbiQ in exchange for all of the issued and outstanding shares of UbiQ.
NBS Technologies is a provider of card personalization, secure
identity solutions, and point of sale transaction services for financial
institutions, governments, and corporations worldwide.

Details

ANSHIN & JCB

After signing a license agreement with JCB International in April, AnShin Card Services has launched its first JCB co-branded credit card. The new “AnShin MMA Eastern Home Shopping Network JCB” offers exclusive discount pricing, cash back premiums, and other benefits available at Eastern Home Shopping Network’s TV shopping as well as access to AnShin Card Services’ “Money Management Account.” Cardholders will also receive a waiver of annual fees for the first year, and a special introductory interest rate. JCB expects AnShin Card Services to issue more than 150,000 cards in the first year. AnShin Card
Services is the latest of 31 companies issuing the JCB card in Taiwan,
under the National Credit Card Center umbrella, the Taiwanese mega
credit card processing center. JCB merchant network includes 11.7
million merchants. JCB has 51.6 million cardholders.

Details

Diversinet Revenues and Loss Flatens Out

Toronto-based Diversinet reported second quarter revenues of $1.7 million, slightly lower than the revenues for the second quarter of
2003. The net loss for the quarter was $1.3 million, in line with the first quarter loss of $1.3 million. During the second quarter, Diversinet announced the availability of its “Passport Trust Platform,” an expanded version of its flagship wireless data security infrastructure product suite that speeds the deployment of next-generation mobile data applications. Diversinet’s “Passport Trust
Platform” ensures the security and integrity of wireless data transactions such as mobile payments, messaging, data access, gaming and wagering, high-value content download, enterprise mobile work force and other applications. Diversinet’s customers and partners include VISA, Fleet Credit Card Services, and First National Bank. For complete details on Diversnet’s second quarter performance visit CardData (www.carddata.com).

Details

Westpac Upgrades 500 ATM’s with BASE24

Westpac Banking/New Zealand division has successfully completed an upgrade of its “BASE24” application software. ACI’s “BASE24” has driven the front end processing for all Westpac ATM network transactions. The upgrade will help Westpac’s network of nearly 500 ATMs
more efficiently process approximately 250 million transactions per year. A key component of the upgrade was the implementation of the enhanced services architecture of ACI’s “Transaction Security Services.” The “TSS” module is designed to manage all cryptographic functions such as PIN verification and chip authentication. The deployment will help enable Westpac’s ATM network for “Triple DES” compliance as international card issuers continue the push toward the “Triple DES” security standard.

Details

VISA Opens its Olympians Reunion Center

VISA has opened its “Olympians Reunion Center” inviting all past
Olympians in Greece to enjoy its ongoing hospitality during their visits
to the “ATHENS 2004 Olympic Games.” There are 80,000 Olympians worldwide. The “Center” was founded through a partnership between the IOC, the WOA and VISA, its founding partner, and will be run by VISA and the Hellenic Olympic Association. The “Reunion Center” was first developed by VISA for the 1996 Games in Atlanta and served again, in Sydney and Salt Lake City, to enhance the Games’ experience for all visiting Olympians.

Details

Discover to Promote Finger Payment Technology

San Francisco-based Pay By Touch this morning landed its biggest supporter to-date for its finger-scanning payment technology. Discover Financial Services has agreed to promote the service to its 50 million cardholders. Last month, four Piggly Wiggly grocery stores in South Carolina began offering Pay By Touch’s biometric payment system, giving customers the option of paying for groceries using a finger scan linked to their financial accounts. Pay By Touch users enroll one-time by scanning their finger, entering a search code, swiping their Discover Card or other payment cards, and adding their checking account information. The Pay By Touch wallet is then stored at secure IBM data centers. The Pay By Touch finger scanning technology does not store actual fingerprints; instead, it creates a set of 40 data points that cannot be reverse-engineered to a fingerprint. The data points are then converted into a mathematical equation that allows for a secure identity match at retail point of sale. As of June, about $37 million has been invested into Pay By Touch by venture funds. (CF Library 6/4/04; 7/26/04)

Details

CPCNet & Diversinet Target China for Wireless

CPCNet has formed a strategic alliance to offer the full suite of “Passport Trust Platform” security products and solutions to
government agencies, state-run lottery programs, suppliers of
interactive online games, and other potential end customers throughout
the Greater China market. Through this joint sales and marketing agreement CPCNet will provide first-line support, and the two companies will work together to develop vertical solutions, leveraging their respective strengths in response to the demands of the market. “Passport Trust Platform” is a standards-based security solution for wired
platforms and wireless devices, such as personal computers, smart cards,
PDAs, and mobile phones, many of which have limited security
capabilities.

Details

METRO Group Deploya NCR’s FastLane

METRO Group has installed a self-checkout from NCR Corporation that reads radio frequency identification tags, as well as bar codes, in the newly opened METRO Group RFID Innovation Center. Located in Neuss, Germany, near Duesseldorf, the Innovation Center was established by METRO Group to advance the development of RFID technology in retailing with its technology partners. The NCR FastLane installed at the Innovation Center incorporates an RFID read/write device manufactured by FEIG ELECTRONIC GmbH. The system supports standards established by EPCglobal, an industry association guiding worldwide adoption and standardization of EPC technology in an ethical and responsible way.

Details