NCR Cranks Up Support for Retailer RFID

NCR and Matrics have teamed to provide consulting and support services for retailers deploying RFID technology. NCR will provide assessment and integration with existing systems, site analysis and equipment verification, installation, maintenance and help-desk support. Matrics will provide training for service personnel, as well as service parts and contacts for purchasing replacement equipment. NCR Corporation is a leading global technology company helping businesses build stronger relationships with their customers. Matrics Inc. is a provider of EPC-compliant RFID technology and visibility solutions for supply chain, asset management and security; a corporate sponsor of EPCglobal; and developer of PICA a new, high-speed, RFID tag assembly system.

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Cubic Lands MARTA Smart Card Contract

The Metropolitan Atlanta Rapid Transit Authority has inked a $72.5 million deal with San Diego-based Cubic Transportation for a smart card-only multi-modal fare collection and revenue management system. Cubic says the new system will be the first in the U.S. to deploy a low-cost, limited-use smart card. Under terms of the contract, Cubic will replace MARTA’s existing magnetic ticketing and token-based system with the company’s open architecture smart card ticketing technology that will enable commuters to use one card to pay for rail, bus, paratransit fares and park-and-ride fees. If other contract options are exercised the deal could be worth up to $104 million. MARTA will offer two types of contactless smart cards: hard plastic style and a paper version meant for limited use. Both card types provide touchless entry which is handled via Cubic’s “Tri-Reader,” which can read any type of contactless smart card that meets ISO standards and is a standard component in all Cubic’s fare collection equipment.

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ICBA Bancard Offers SiteBuilder Solution

ICBA Bancard has teamed with SLIM CD to launch a Web site to enable ICBA Bancard merchants to build a complete Internet Web site and shopping cart in minutes. The SiteBuilder product will be affordably priced to merchants, and will provide additional revenue opportunities to the ICBA Banks distributing this product to their merchants. The SLIM CD software includes a desktop application, data on demand, built-in gateway services, fraud detection services, a choice of shopping carts and backup dial-in connection capability. ICBA Bancard has provided more than 2,000 community banks with equitable access to payment system products and services. SLIM CD, Inc is a wholly owned subsidiary of Online Commerce Corporation, a privately held E-Commerce service provider.

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Tranax Mini-Bank 2500 ATM Gets a Bill Acceptor

Tranax’s new “Mini-Bank 2500” ATM is now offering MEI’s bill acceptor in addition to the optional ticket printer and card dispenser. The Mini-Bank 2500 is the first ATM to offer a flexible hardware and software platform that can be expanded to offer advanced services such as phone cards, prepaid wireless, money transfer, check cashing, stamps and ticket sales. Tranax Technologies, Inc. is an industry-leading provider of ATM technology, having installed almost 40,000 ATMs since 1998. MEI payment systems are relied upon for more than1 billion transactions per week in 90 countries.

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Payment Data Systems Launches Card Gateway

San Antonio-based Payment Data Systems has launched a credit card gateway service for billers and merchants. The gateway service allows a biller or merchant to securely connect through Payment Data Systems, Inc. to all credit card processors without having to create and manage direct connections to them individually. Additional enhanced services as part of the Gateway offering include the availability of fraud protection and risk management tools. Included with every gateway is a virtual terminal, HTML connect, API connect, auto generation of web pay buttons, order management system, customized email delivery for both the customer and the merchant and a free shopping cart. Payment Data Systems, Inc., is an Integrated Payments Solution Provider delivering comprehensive, cost-effective solutions to billers and retailers for the processing and management of electronic payments via the Internet, POS, or payments taken by Customer Service Representatives or an Interactive Voice Response.

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Creditcards.com Goes Singular

Boston-based Creditcards.com announced it has acquired creditcard.com. The focus of the website is to provide consumers and businesses free and unbiased access to a wide array of credit cards and credit related products, online and offline. Creditcards.com has been steadily generating leads since it began operations and is growing rapidly. The impossible to forget domain name creditcards.com has helped the company to launch quickly, with sales and profitability increasing since launch. Creditcards.com/creditcard.com, the official credit cards site of the Internet, is dedicated to assisting consumers and businesses find credit and the best credit cards on the Internet while offering them the highest level of security and comfort.

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IntelliPay Introduces New Desktop Terminal

Salt Lake City-based Pacific WebWorks and its IntelliPay subsidiary has introduced a new desktop terminal. The new “IntelliPay Desktop Terminal” provides swipe access to IntelliPay’s online credit card transaction processing technology and operates on all Microsoft operating systems. The product is a joint effort between IntelliPay, First Tennessee Bank and First Horizon Merchant Services. The first installation is expected to occur this month.

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MasterCard Launches Trip-A-Day Holiday Promotion

MasterCard launched its “Trip-A-Day Giveaway” holiday sweepstakes this weekend and its first major motion picture tie-in to support the promotion. Each time a U.S. cardholder uses their MasterCard card for a domestic transaction through December 31st, they are automatically entered for a chance to win one of 62 prize trips. The trip consists of admission to the Universal Orlando Resort, including five-day tickets to Universal properties, lodging at the Royal Pacific Resort, and round-trip air/land transportation and spending money. As the cornerstone of the integrated marketing campaign to support the promotion, MasterCard is running a new 30-second “Priceless” TV ad featuring the props, sets and characters featured in the motion picture, “Dr. Seuss’ The Cat in the Hat.” MasterCard has also created a “Cat in the Hat” themed “Priceless” print advertising campaign. Other marketing activities include member-driven cardholder statement inserts, in-branch signage and co-branded web sites; merchant partner point-of-sale signage; and merchant partner overlay promotions with key retailers. MasterCard will support the promotion with buys on Univision and Telemundo television networks to reach Hispanic-American consumers. Universal Pictures/DreamWorks Pictures/Imagine Entertainment’s release of “Dr. Seuss’ The Cat in the Hat” is scheduledfor Nvember 21st.

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Vital Class A Approves Hypercom’s T7Plus Terminal

Hypercom “T7Plus” card payment terminal has been “Class A” approved for Vital Processing Services’s retail and restaurant application for credit, debit and POS check service acceptance. This application approval to the T7Plus terminal brings another POS solution for Vital’s acquiring clients to deliver to their merchant customers. Hypercom’s feature-rich T7Plus sets a new performance benchmark for mid-range point-of-sale/point-of-transaction terminals, and is the new payment terminal of choice for more and more savvy business owners, for good reason. Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers.

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PMAA Renews Paymentech Contract

Paymentech announced this morning that the Petroleum Marketers Association of America has renewed its two-year contract that designates Paymentech as the organization’s preferred payment processor. Under terms of the agreement, PMAA members combine their collective transactions to gain higher overall volume and qualify for a lower rate. Paymentech says the PMAA program offers rates that reduce the marketers’ processing expense as much as 30% and possibly more in certain cases. Paymentech also provides credit card processing for PMAA’s “Spirit” brand locations. The PMAA is a federation of 44 state and regional trade associations representing approximately 8,000 independent petroleum marketers nationwide.

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COF 3Q/03

Capital One posted its third straight profitable quarter for its international credit card portfolio on September 30th. The issuer posted 3Q/03 net income of $21.5 million, compared to $13.6 million in the second quarter, and $18.1 million in the first quarter. One year ago Capital One lost $1.1 million on its international card activities. Since the third quarter of 2002, Capital One’s international portfolio outstandings have grown 25%, from $5.3 billion to $6.6 billion. Charge-offs for the third quarter of this year were 4.01%, compared to 4.48% in 2Q/03, 4.28% in the first quarter, and 3.61% one year ago. International delinquency for the third quarter of this year was 4.08%, compared to 3.92% in the second quarter, 4.22% in the first quarter, and 3.78% one year ago. Capital One previously reported that its UK operations became profitable for the first time in 2002. At the end of 2002, the U.K. Bank had 2.8 million accounts and $3.9 billion in credit card, revolving loan, and installment loan assets.The UK Bank has been operating independently in France since 2000. Besides the UK, the issuer also has operations and activities in Canada, South Africa and France. For the second quarter, Capital One said the increase in total International segment loans outstanding was principally the result of the application of IBS to originate loans in the United Kingdom and Canada.

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Fifth Third Bank Launches Agent Bank Credit Card Program

Cincinnati-based Fifth Third Bank announced this week it will begin to acquire and manage existing credit card portfolios under an agent bank credit card program. Fifth Third will begin to acquire and manage existing credit card portfolios from institutions that want to continue offering cards with their own brand. Fifth Third will also establish and manage de novo branded credit card programs for institutions that currently have no card program. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The company has $89 billion in assets, 17 affiliates with 953 full-service Banking Centers, including 132 Bank Mart¨ locations open seven days a week inside select grocery stores and 1,889 Jeanie¨ ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee and West Virginia.

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