AZ-based eFunds has unveiled “IST/AllCard,” a flexible card issuing product designed to meet current market demands for multi-card issuing and management that also completes the recently launched Oasis “ecoPay” solution suite, which provides complete, pre-integrated solutions for card issuers, processors and payment networks. IST/AllCard addresses these needs by providing a flexible, multi-card issuing solution designed for the most intensive card issuing businesses. Whether issuing cards for single or multiple institutions, IST/AllCard provides a flexible, configuration-based system that helps to reduce the time required to bring new card products to market. eFunds Corporation is an industry leader with nearly 30 years of experience and expertise in electronic payments.Details
Yet another survey, released this week, confirms the rapid embrace of gift cards by Americans. Comdata’s Stored Value Systems subsidiary says its poll shows that 87% of adults who have given or received gift cards plan to buy between four and 15 retail gift cards this holiday season with an average amount of $38 per card. SVS says “heavy” gift card users (those who purchased eleven or more cards in the last year) are expected to buy an average of $332. The primary reason expressed for purchasing a gift card is the desire for the recipient to select what they want (44%) , followed by 35% who just didn’t know what to get for someone or didn’t know preferences in color, size, etc. Of those respondents who said they had never purchased a gift card (32%), 22% said they were likely to do so this holiday season. Other findings: those who purchased 11 or more cards per year were significantly more likely to identify themselves as Hispanic or Latino; 65% of all gift card purchases are planned while 28% are impulse buys; and, 15% regularly buy gift cards for themselves.Details
MS-based Triton has introduced a new wireless option for its “FT5000” and “RL5000” ATMs that uses “1XRTT” technology. Triton’s wireless option uses 1XRTT technology, which is a 100% digital data service provided by wireless carriers that use CDMA technology. It is available anywhere regular cell service on CDMA technology exists, including over 95% of the metropolitan U.S. As the leading provider of ATMs for off-premise locations, Triton is committed to redefining and leading the market for cash delivery systems. Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 95,000 installations in over 17 countries worldwide.Details
TV shopping network HSN is launching a rewards bank credit card with Providian. The new “HSN Rewards Card” will enable its users to earn points for dollars spent, which they can use towards the purchase of HSN merchandise. Customers will also receive $10 toward a future HSN purchase the first time they use the card. HSN generated worldwide consolidated sales of close to $2 billion in 2002, reaches more households worldwide than any other TV shopping network and is the 4th largest cable television network in the USA.Details
Gemplus International this week unveiled a new concept that outstrips all existing smart card limits by giving a traditional smart card real-time deciphering capacity of up to 400 times the original speed. The “Crypto Motion” concept shows that decryption throughput can be increased by simply improving the capacity utilization of available resources, such as programming a cryptographic kernel. The idea for this principle emerged eighteen months ago when the Gemplus R&D team was asked to use existing technology for secure decryption of voice data
transmissions over networks. Crypto motion is the resulting software intended to illustrate the often-overlooked potential of smart cards to protect and decode data streams in real time such as softwares, game or music files.
VISA International said yesterday at the Paris “Cartes 2003” conference that it now has 19 technology partners in its “VISA Smart Global Partners” program, which is part of the comprehensive “VISA Smart” initiative. VISA says it now has nearly 100 million EMV smart cards in circulation worldwide, and that the number of deployed EMV-capable acceptance devices has approached two million. Among the vendors making special smart card-related offers for products and services to VISA members are: Barnes International; ICC Solutions; Axalto; Orga; Bell ID; CardBASE; STMicroelectronics; DataCard Group; NBS; Thales e-Security; UbiQ Incorporated; ACI; Gemplus, Giesecke & Devrient; Oberthur Card Systems; NCR; Oasis Technology; SAGEM; and, Welcome Real-time. VISA International also this week announced the launch of “VISA Smart POS,” a low-cost software solution that dramatically reduces the time-to-market of EMV chip acceptance by up to 12 months. The “EMV Level 2” software module is available royalty-free to acquirers, merchants, and vendors. VISA says that small to medium-sized merchants in geographic markets that are committing to EMV chip migration face time-to-market, cost, and implementation challenges that are difficult to overcome using proprietary technology from multiple POS vendors. “VISA Smart POS” requires minimal changes to back office systems and is available for any POS device. Also, POS vendors can overcome the cost of EMV software development and compliance, and these savings can be passed on to merchants. “VISA Smart POS” is written in the industry-standard C++ and Java programming languages with written drivers for “Windows 2000.”Details
SAGEM Monetel and Atmel have launched the “SAGEM Monetel EFT 30” secure payment terminal and its “PPR 30 Pin-Pad.” The new terminal accepts all current payment schemes and
card technologies plus meets EMV and PED requirements. The new SAGEM terminals are built around the ARM-based microcontrollers developed in partnership with Atmel. Implemented on 0.18-micron CMOS technology, they capitalize on the synergy between the applications expertise on the part of SAGEM Monetel and the system level integration capability of Atmel. Both companies says these two devices represent the start of a family of jointly-developed products targeting highly-secured POS terminals.
MS-based BancorpSouth has launched a “MasterCard Gift Card” program that carries no card fee for loading money, or added charges for shipping and handling. The BancorpSouth prepaid MasterCard Gift Card can be purchased online or at any BancorpSouth branch location. The prepaid MasterCard card can be loaded with funds by using cash, check, credit card, debit card or direct payment from a personal banking account. BancorpSouth, Inc. is a bank holding company headquartered in Tupelo, Mississippi with approximately $10.2 billion in assets. BancorpSouth operates approximately 250 commercial banking, insurance, trust and broker/dealer locations in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Texas.Details
STMicroelectronics has hit technology “Level 3” by VISA International for the first three members of its “ST19” family of secure microcontrollers. Aimed at all cost-sensitive smart card banking applications, the “ST19WK08,” “ST19WSC8” and “ST19WS02” retain the advantages of ST’s popular “ST19” family, including high-security features and “Common Criteria EAL4+” certification,
while providing increased price/performance through the move from today’s standard 250nm smart card production technology to the new 180nm technology generation. All three devices incorporate the “ST19” 8-bit microcontroller and include on-chip memories. The ROM, RAM and EEPROM memories can be configured into partitions with customized access rules and access from any memory area to another is protected by hardware firewalls. Access rules are user defined and can be selected by mask options. An on-chip ST ROM contains a comprehensive set of ST-provided functions and libraries.
VeriSign reported this week that its transaction volumes for its more than 97,000 online retailers increased to $6.9 billion during the third quarter. From January through October, overall online commercial sales volumes through VeriSign’s payment network increased from $9.7 billion in 2002 to $19.8 billion. Merchant sales volumes for September and October combined, increased from $2.56 billion during 2002 to $4.73 billion during the same two months of 2003. December and November are the busiest two months for online shopping, with purchases through VeriSign’s payment network totaling more than $2.96 billion in 2002. Current patterns indicate that consumers are on pace to spend more than double that amount through VeriSign merchants this year. The slowest online shopping months continue to be June, July, and August. However, online spending through VeriSign merchants during the 2003 timeframe increased by 87%, accounting for $6.3 billion versus only $3.4 billion over the same time period in 2002. VeriSign merchant customer online transaction revenues account for 30% of North American eCommerce.Details
Datacard Group this week is demonstrating its new “SE48” card issuance system for the first time in Europe. The new “Datacard SE48” system offers embossing, topping, indent printing
and magnetic stripe encoding, as well as contact and contactless smart card personalization capabilities. The compact system also offers the speed, flexibility and advanced security features financial institutions need for on-demand issuance of ready-to-use credit, debit, ATM and EMV cards. In addition to instant issuance applications, the “Datacard SE48” system is designed for short-run and batch-issuance requirements in centralized card programs. The system has production volumes up to 120 cards per hour and 25,000 cards per year. The system also offers many financial-grade security features, including 3-DES encryption, CPX protocol, locked cabinets, a non-resettable card counter and networking options.
The first scheduled deployment of an ATM solution based completely on the new interactive financial exchange messaging standard for ATMs is underway by First National Bank of Omaha. NCR and ACI partnered with FNBO for the deployment. ATMs have traditionally utilized proprietary messaging protocols to authenticate and authorize transactions with the banks’ or other ATM deployers’ financial processing systems. The limitations of these proprietary protocols have restricted the functional capabilities of ATMs. Furthermore, due to the uniqueness of the ATM channel, deployers have been unable either to share transactional services or to use a common infrastructure between their ATMs and their other delivery channels, such as Internet and telephone banking. The non-proprietary and more powerful IFX replaces these legacy ATM transaction authorization protocols that are no longer capable of handling today’s functionality. IFX allows the bank or ATM deployer to use the same software applications and supporting infrastructure across several channels.Details