PSCU Signs NM CU

NM-based Sandia Laboratory FCU is moving the processing of its 24,000 signature-based debit accounts and 17,000 credit card accounts to PSCU Financial Services, effective April. The company provides a broad array of cost-effective, highquality financial services that include credit, debit and contact center solutions, along with Internet-based products, to its 500plus member credit unions and their more than 6.9 million cardholder accounts across the nation.

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CARD DEBT

The Reserve Bank of Australia reported that credit card volume in November
hit $9.47 billion among 84.6 million transactions. The level was down $125
million from record volume in October. Australians currently owe $22.4
billion on credit cards compared to $19.4 billion on year ago. Over the
past twelve months credit limits have increased about 11% to $64.2 billion.
There are approximately 8 million credit cardholders in Australia among a
total population of slightly more than 20 million.

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Simon Gift VISA

Simon Property Group reported yesterday that “VISA Gift Card” sales during the holidays were up 30% compared to the sale of Simon gift certificates one year ago. Simon offered its “VISA Gift Card” in 47 malls during the recent holiday shopping season. All Simon properties are expected to offer the “Simon Gift Card” by mid-2003. During the 12-month pilot program conducted in four Simon malls in 2001, the company says it experienced a sales increase of more than 60% compared to regular gift certificate sales during 2000. Simon Property Group currently owns or has an interest in 243 properties in 36 states. The alliance between Simon and VISA was formed in 1997 in an effort to drive purchasing and brand loyalty among the 100 million shoppers who make more than 2 billion visits to Simon malls each year. The current contract with VISA will expire in October 2003. (CF Library 11/17/01; 10/2/02)

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CYBERNET EXEC

CyberNet has named Roberto Galbiati as VP/Southeast Asia. Roberto
brings more than 14 years of experience in the Asian markets of Payment and
Security, having held key positions in the region for RSA Security and
VeriFone. Galbiati’s appointment follows the creation of CyberNet Poland
and the launch of “JADEBreakthrough,” the EMV solution jointly developed
with VISA.

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TSAIE 3Q/02

NE-based Transaction Systems Architects released its re-audit and the filing of its form 10-K, which includes results for the quarter ending 9/30/02 and restated financial statements for fiscal 2000, 2001 and the first three quarters of fiscal 2002. For the third calendar quarter of 2002, revenue was $70.4 million with software license fees of $39.3 million, maintenance fees of $18.6 million and services fees of $12.5 million. The Company’s recurring revenue was $39.8 million or 56 percent of revenue. Recurring revenue consists of monthly license fees of $20.0 million, maintenance fees of $18.6 million and facilities management services of $1.2 million. Operating income was $7.6 million with an operating margin of 10.8 percent. Operating cash flow was $35.3 million and the cash balance as of September 30th increased to $87.9 million. For complete details on Transaction Systems Architects’ 3Q/02 results visit CardData ([www.carddata.com][1]).

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

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TRINTECH EMV PIN-PAD

Dublin-based Trintech Group announced the EMV “Level 2” certification of
its smart card-enabled POS terminal and PINPad solutions. The EMV “Level 2”
certification covers the software aspects of processing a smart card
transaction. Trintech’s EMV software library is certified to EMV standard
and covers both “Static Data Authentication”, and “Dynamic Data
Authentication.” Trintech says a number of customers, such as Wilkinson,
are in the process of integrating its “PayWare SmartPIN” solution in order
to be ready when the Northampton EMV town trial starts in March.

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MS & Citibank

Microsoft and Citibank Merchant Services have expanded their relationship to target small and mid-market retailers. The agreement enhances the “Microsoft Retail Management System” by introducing a new payment processing module. The agreement provides competitive pricing for credit card transactions and eliminates fees for applications, setup and monthly statements. The agreement also eliminates the need for merchant credit card payment terminals. Microsoft RMS also helps retailers reduce the risk of out-of-stocks and provides automatic pricing models and more-effective marketing promotions. Independent merchants interested in taking advantage of the payment processing module must purchase or upgrade to version 1.1 of Microsoft RMS, which will be available Feb. 21st.. Pricing begins at $1,290 for a one- to three-user version.

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Carlson Travel Rewards

MN-based Carlson Travel Group and MBNA have teamed to launch the “Carlson Travel Rewards VISA.” The card will be marketed exclusively through 1,000 Carlson Wagonlit Travel Associate locations throughout the USA. Under the program, cardholders will earn two points for every dollar spent using the card. Points can be redeemed for travel opportunities when 40,000 points have been earned. Rewards include Carlson Travel’s tour, cruise, and all-inclusive supplier offerings. MBNA and Carlson also offer the “Gold Points VISA” program which is run by Gold Points Corporation, a subsidiary of Carlson Marketing Group. The original “Gold Points Rewards” test program was launched by Carlson Companies’ in 1996 as an electronic reincarnation of the Gold Bond Stamp Company, started in 1938 and upon which today’s $31 billion Carlson empire was eventually built. The “Carlson Wagonlit Travel Corporate Card” was also launched in 1996, in conjunction with Household Credit Services (CF Library 4/3/96).

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HOLIDAY ONLINE VOLUME

VISA Canada reported that its cardholders spent $772 million shopping
online during the 2002 holiday season, representing 6.4 million
transactions. The gain in sales volume represents a 103% gain over the
previous year. Fifteen percent of credit card holders with access to the
Internet intended to purchase holiday gifts online, acccording to a poll
conducted by Maritz: Thompson Lightstone between November 21-26. By
comparison, 85% of credit card holders with Internet access were unlikely
to make online purchases, the leading reason — cited by a quarter of
respondents — were security issues and fraud concerns. The study also
determined that among those likely to use a credit card online, an
overwhelming number — 48% — said they would be more comfortable if they
were asked as part of the transaction for a password registered with their
bank.

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ViewTouch to Sell BEETLE

ViewTouch, a supplier of POS application software to the hospitality industry, has signed an agreement to resell Wincor Nixdorf’s “BEETLE” family of POS systems in North America. ViewTouch will resell the BEETLE(R) family of POS systems and Wincor Nixdorf services in North America. The combination of Wincor Nixdorf’s industry-standard BEETLE platform and ViewTouch’s fully developed Linux applications offers the hospitality industry freedom of choice and configuration flexibility.

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Genesco Gets ICEd

Hypercom announced that footwear specialist Genesco is rolling out Hypercom’s “ICE” card payment technology and terminals to its more than 975 U.S. retail locations by mid-year. The company’s ePOS-infocommerce® (epic?) ICE devices are high speed, high performance, touch screen-based, Web-enabled card payment terminals that incorporate physical security features and Hypercom’s HyperSafe? operating system.

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