LCD Touchmonitor MSR

Tyco Electronics’ Elo TouchSystems division has rolled out a new touchmonitor that integrates a three-stripe, magnetic stripe reader for credit/debit cards, loyalty cards, and other card transactions. The 15″ LCD monitor has the MSR unit ergonomically positioned and color matched on the top, right corner of its new “1525L” touchmonitor so the user can swipe the card flat with a natural action. Most monitor and card reader systems have the reader tacked on and do not provide access the third stripe on mag cards which is normally reserved for applications such as customer loyalty programs. The new Elo monitor is available with a USB or serial connection for use with Elo’s “AccuTouch” five-wire resistive or “IntelliTouch” and “SecureTouch” surface-wave touch technologies.The serial version has two cables/external connectors to carry both touch and MSR data. The MSR conforms to Microsoft’s “Human Interface Class” specification version 1.1 for the USB interface and supports OLE for OPOS for the serial interface.

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SUNCORP VISA

Suncorp-Metway, Australia’s sixth largest bank and second largest general
insurance group, has signed a long-term processing agreement with US-based
Certegy. Suncorp is launching a new VISA card in 2003. Suncorp will process
the cards on its ‘BASE2000″ payment processing platform from its Melbourne
service center. Certegy currently processes 3.5 million cards at its
Australian center. Suncorp-Metway was created in late 1996 when the
Queensland Government owned Suncorp and QIDC groups were merged into the
publicly listed Metway Bank Ltd Group. Suncorp has total assets of more
than $34 billion.

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SCM & Connexus

MA-based Caradas this morning announced its “Connexus Platform” solution for “smart VISA Access” deployment now supports PC smart card readers from SCM Microsystems. The Platform is the first end-to-end solution for seamlessly integrating new and existing applications and security infrastructures with a broad range of identity, credential, access and relationship management frameworks based on smart cards, PDAs, wireless devices and other intelligent tokens.

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Trilegiant Hires Con

PrivacyGuard has launched an enhanced site which expands the ability of their 4.8 million members to go online and monitore their credit histories as a strategy for preventing identity theft. PrivacyGuard estimates that a half-million Americans will fall victim to identify thieves during the next year. Members and non-members can use the site to purchase credit reporting, score and analysis tools that include data from one or all three national credit bureaus, Experian, Equifax and TransUnion.

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Elan & CBA

The California Bankers Association has endorsed Elan Financial Services to its member banks as a trusted provider of ATM, debit and credit card issuing services. The CBA made its recommendation citing Elan’s experiences in the electronic funds industry. Other reasons why banks should consider Elan: the range of cards offered for consumers and businesses; the fact that Elan manages everything in-house thereby limiting potential problems; turnkey marketing support.

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Bank One Personas

Bank One is deploying the new NCR “Personas” ATMs that offer enhanced deposit technology that eliminates the deposit envelope, directly accepting checks and cash. Using NCR’s no-envelope ATM deposit technology, deposited checks are scanned and an image of the check appears on the ATM screen, allowing the customer to immediately verify the check amount. The check image is also printed on the customer’s receipt, along with a full count by denomination of all inserted cash. This total view offers proof of the deposit and a more complete account than currently offered at the teller window. Bank One is applying NCR’s “ImageMark” distributed capture system to process ATM check images in the back office. This state-of-the-art technology is being piloted for customers in select locations in Indiana and Kentucky. The new ATMs are driven by Concord EFS’ “Star” network.

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[1]: /graphic/ncr/moneydeposit.jpg

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Navy CardGuard

The world’s largest credit union has become the first U.S. issuer to offer MasterCard’s new “SecureCode” authentication system to its cardholders. Navy Federal Credit Union’s new “CardGuard” service is also the first live system to combine “Verified by Visa” and “MasterCard SecureCode” as a single integrated service. The VISA and MasterCard authentication systems are used by cardholders during online transactions at participating merchants. The new service is delivered by TSYS and powered by Cyota’s “SecureSuite” platform. Cyota currently powers 80% of all VISA cardholder accounts that are eligible for Verified by Visa in the USA. Navy Federal has more than $17 billion in assets, 2.2 million members worldwide, and 259 proprietary ATMs worldwide. According to CardData ([www.carddata.com][1]), Navy FCU had 761,181 gross accounts; 538,935 active accounts; and 973,679 cardholders at the end of the third quarter.

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

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FINGERPRINT ORDER

Fingerprint Cards AB has nailed another order from Texas-based AcciMetrix
and Calgary-based Cryptolex for its fingerprint technology. The two orders
have a combined value of 6.0 MSEK. AcciMetrix has now given Fingerprint
Cards an order for an additional 9,000 complete systems for fingerprint
verification, over and above the 1,000 systems first ordered. Cryptolex has
now given Fingerprint Cards a first order for 1,000
complete systems for fingerprint verification. The Fingerprint system is
completely chip-based, and reads, stores and compares fingerprint patterns
without the help of an external processor.

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Freedom III

TD Canada Trust is deploying a new high-speed, Internet-enabled POS terminal that can approve a credit or debit transaction and print a receipt in four seconds or less. The “Freedom III” terminal, produced by MIST, is an integrated POS terminal and thermal printer with a touch-screen, and a graphical user interface that merchants can use to authorize credit and debit card transactions, access on-line web banking services, store transactions and generate hourly and daily reports. The “Freedom III’ uses 128 bit SSL encryption for Internet transactions. The new terminal was officially launched yesterday in Toronto. To try out the new terminal, selected guests were given a CN$100 credit card to make purchases at a local skin care store with the products donated to a local charity. The terminal is also smart card ready.

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[1]: /graphic/mist/freedom3.jpg

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ATM CASH

The Royal Bank of Scotland Group reported that holiday transaction volume
at its ATMs are up 2% this year. In the first 11 days of December
£222,321,250 was withdrawn from around 1,600 cash machines.
The number of withdrawals has also risen from 3,897,027 to 3,910,619 and
the average cash machine withdrawal has also risen slightly to £56.95 (from
£56.06). The busiest Royal ATM in London is the Liverpool Street Station.

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