SinoPac Holdings Increases AnShin Card Services Control

ING has decided to sell its 40% share in the Taiwan-based AnShin Card Services Company joint venture to SinoPac Holdings for US$36 million. AnShin Card Services was established as a strategic alliance in May 2000 between Bank SinoPac and ING Antai. ING says it decided to sell its share in the joint venture in order to focus on its core activities of banking, insurance and asset management in Taiwan. Following the transaction, SinoPac Holdings will own 89.43% of AnShin, with the remainder in the hands of minority shareholders. The deal is subject to approval from the Ministry of Finance in Taiwan.

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PaySpot Signs Innobeta and NexTran

ATM processor Innobeta and ATM manufacturer NexTran have joined Euronet’s “PaySpot” prepaid wireless recharge services program. Innobeta is a transaction processor for thousands of ATMs installed in all major U.S markets across the country. PaySpot is a new U.S.-based top-up service that enables consumers to purchase prepaid wireless airtime and long-distance calling plans from ATM and POS devices.

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ABN AMRO Launches MasterCard P-Card

ABN AMRO N.V. has launched a “MasterCard Purchase Card” in The Netherlands that features “Smart Data OnLine” for Web-based, real-time information management. The new card is powered on Card Tech Limited’s “PRIME BIZ” platform which provides enhanced level-3 data, that is fully compliant with the latest MasterCard requirements. “PRIME BIZ” is a consolidated card and merchant management solution designed to address the specific processing requirements of the commercial card market, while also supporting retail card programs. The new p-card program builds on a five-year relationship between CTL and ABN AMRO.

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LANDesk Software and Wincor Nixdorf Team

Salt Lake City-based LANDesk Software has formed a partnership with Wincor Nixdorf to offer all Windows-based retail systems sold by Wincor Nixdorf worldwide. LANDesk Client Manager is a software solution that enables a high level of device manageability. LANDesk Client Manager enables IT management to easily monitor the state of key system components by providing some of the most detailed management information available.

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BofA Renews Vital POS Software Contract

Vital Processing has renewed and expanded its service agreement with Bank of America. The agreement will help Bank of America better serve and support its national merchant acquiring customer base. Under the agreement, Vital remains the provider of point-of-sale authorization and capture services for Bank of America as well as the provider of clearing and settlement services.

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Ontario’s Pioneer Petroleums Deploys Prepaid Terminals

Vancouver-based VendTek Systems announced that Pioneer Petroleums has launched Vendtek’s “Now Prepay” prepaid terminals in 65 Snack Express stores in Ontario. The terminals provide greater access to prepaid products and services in Ontario and enable the Snack Express stores to be a provider of leading edge prepaid product and service options. Pioneer plans to add 10 more sites immediately and gradually increase the total number of sites during the months to come.

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Americans Cautious on Summer Travel Expenses

A new survey from the “Cambridge Consumer Credit Index” shows that 46% of Americans plan to take a vacation more than 75 miles from their homes compared to 51% in July 2002. Almost a quarter of them, 23%, the same as last year, plan to charge their getaways on credit cards. Sixty-Eight percent, up from 65% last year, will pay for their vacation out of checking or savings accounts. The Cambridge Consumer Credit Index is a forward looking economic indicator gauging consumer spending and debt, and is released on the fifth business day of each month, coinciding with the Federal Reserve Board’s G19 release of consumer credit outstanding data. ![][1]

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Low-Cost Credit Card-Activated Business Express Center Launched

USA Technologies has introduced a low-cost “Business Express” office center for smaller hotels featuring a public PC, printer, fax and copier, activated by a single “e-Port” credit card reader, for under $250 per month. The new program of offerings is part of USA Technologies’ organizational and marketplace restructuring to grow sales and revenue in its core markets. USA Technologies has set a target of growing its Business Express(R) operations by more than 50 percent over the next 12 months, and is currently preparing to announce a strategic alliance with a global leader in office services and supplies. Hotels that already have Business Express(R) centers are realizing that the new BEXPrint(TM) solution that allows guests to print from their room directly to the business center saves them the expense of installing printers in every guest room, or rooms on a business floor.

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SunTrust Expands VISA P-Card Program Capabilities

Atlanta-based SunTrust Banks has added “Works Payment Manager” and “Works Card Manager” to its VISA purchasing card program. Works Payment Manager and Works Card Manager, are Web-based applications that are connected to the Visa payment network and allow SunTrust commercial and government clients to automate manual payment policies and procedures and administer card programs online. With Works Payment Manager clients can automatically adjust the credit limits on individual commercial cards while adhering to internal purchasing and payment policies. SunTrust Banks, headquartered in Atlanta, Georgia, is one of the nation’s largest commercial banking organizations with total assets of $120 billion and total deposits of $78 billion.

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GEM-SENSE EMV

Teknoloji Holding Group’s Universal Kart subsidiary has inked a deal with Gemplus to jointly invest one million Euros in a project to offer banks a cost effective EMV card personalization solution. Under terms of the partnership, Universal Kart and Gemplus will use a solution based on Gemplus’ GemSense Pro software to personalize an estimated six million EMV smart cards over the next four years. Universal Kart offers technical consultancy and services to companies issuing cards and installing PoS terminals in Turkey. Gemplus a major provider of smart cards and had 2002 revenues of 787 million Euros.

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Gemplus Inks a EMV Card Personalization Deal for Turkey

Turkey-based Teknoloji Holding Group and its Universal Kart subsidiary have inked a deal with Gemplus to jointly invest one million Euros in a project to offer banks a cost effective EMV card personalization solution. Under terms of the partnership, Universal Kart and Gemplus will use a solution based on Gemplus’ GemSense Pro software to personalize an estimated six million EMV smart cards over the next four years. Universal Kart offers technical consultancy and services to companies issuing cards and installing PoS terminals in Turkey. Gemplus a major provider of smart cards and had 2002 revenues of 787 million Euros.

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CardBASE Technologies and NBS Card Technology Partner

Dublin, Ireland-based CardBASE Technologies have teamed to jointly promote and market CardBASE’s “MASCOT” multi application smart card management product, and NBS Card Technology’s card personalization systems. Under the terms of the Agreement, CardBASE will modify the MASCOT Multi-Application Smart Card Management System to provide compatibility with NBS card personalisation systems to meet the market s requirements. This will provide customers with an integrated smart card issuance and card management solution. CardBASE and NBS will market this “total solution” together. CardBASE, formed in 1983, has to date delivered more than 45 Smart Card solutions around the world.

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