.NET Card

SchlumbergerSema has introduced the “.NET Card,” which utilizes smart card security to the delivery of Wi-Fi, digital rights management solutions, next-generation mobile messaging and home entertainment applications. The new technology enables easy integration with all types of multimedia applications, and complements the company’s existing portfolio of smart card platforms that will serve as the core technology for multimedia network services through various connected devices such as MP3 systems, game boxes, PDA’s, PC’s, cable and satellite TV systems, and, potentially, next generation phones. The advanced infrastructure behind the “.NET Card” technology incorporates a service layer designed to enable a range of applications to be automatically downloaded and installed onto the smart card.

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Incurrent Award

Incurrent has been presented with the award for “Best Practices in Training and Development” by the 11th Annual New Jersey Garden State Council Conference of the Society of Human Resource Management. The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 170,000 individual members, the Society serves the needs of HR professionals by providing the most essential and comprehensive set of resources available.

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Interland & VeriSign

Interland is now offering VeriSign’s “Shared Hosting Security Service” and “VeriSign Payment Services” as part of its “blueHALO” shared hosting platform. SHSS provides online merchants with proven and audited authentication and encryption practices. The service gives Interland’s online merchants the same authentication and encryption technology available to large enterprises and allows them to enjoy the proven increase in traffic and completed consumer transactions that come from having a site that displays the VeriSign seal.

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AmEx Stock Repurchase

The Board of Directors of American Express yesterday approved the repurchase of up to 120 million additional common shares, or about 9% of the total shares outstanding. This authorization is a continuation of the company’s share repurchase program, which began in September 1994. Prior to today’s announcement, the board had authorized repurchases totaling 450 million shares, including purchases made under agreements with third parties.

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Jack Henry & CU Solutions

Jack Henry & Associates has purchased CU Solutions, a provider of in-house data processing solutions for smaller credit unions. Its flagship product, Cruise/SQL, is a powerful and flexible P/C based software solution that is scalable, open and user friendly. Cruise/SQL data storage and data access methods are built around the SQL Server database with the ease of use of the ‘point and click’ Windows interface. Founded in 1982, CU Solutions generated revenues of approximately $2 million, of which approximately 40% was recurring revenue, in its year ended December 31, 2001.

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EFT NETWORK

The Saudi Arabian Monetary Agency has selected Logica to provide a new
payments network solution to enable electronic funds transfers in the
Kingdom. The new initiative will be supplied, implemented, and supported by
Logica in partnership with Oasis Technology. Logica will provide
consultancy services in EBPP, e-Commerce, m-Commerce, and smart card
strategy. The new network is forecasted to handle up to 1000
banking transactions per second, and support thousands of ATM and
point-of-sale terminals throughout the Kingdom. The new SAMA payment
network will be implemented over four phases within the next 12-18 months,
and Logica is set to provide all implementation work, as well as project
management, consultancy, support, training, and maintenance of the new system.

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HBC GIFT CARD

Boucherville, Quebec-based Relizon Canada is powering the new Hudson’s Bay
Company’s gift card. The Hbc gift card is a reloadable stored value card
with no expiration date. It can be purchased at any of the Hbc family of
stores including the Bay, Zellers, Home Outfitters, and through Hbc’s Web
site. The card can be loaded with any amount from $5 to $1,500 on the card.
Card balances can be checked by inquiring at any point-of-sale terminal in
the Hbc family of stores or by calling a toll-free number. The new card is
also being used as a refund device for returned purchases.

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AmEx & RezPort

American Express is offering triple “Membership Rewards” points for all airline tickets purchased through RezPort during the first 90 days of paid enrollment. Unlike some newer online travel services, there are no fees for fully automated transactions purchased through RezPort. To encourage small business owners to try out the site, American Express is also introducing an online self-enrollment feature and a 60-day free trial period.

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ERG EXITS ECARD

Telstra and ANZ will be the sole shareholders of ECard Pty Ltd following
the exit of The ERG Group, which owned 39% of the smart card company. Under
terms of the deal announced last week, ECard, under a selective buy-back
agreement will purchase ERG’s shares for $5 million in cash. ERG says the
ECard business is not developing fast enough and it would rather direct
more funds to its core business. However, ERG and ECard will maintain a
strong relationship in supplying each other with, and working together on,
multi-application smart card systems that have strong commercial drivers
and rewards for both parties. ECard has retained its licence rights to the
Proton technology owned by ERG. Formed in June 2000, ECard provides smart
card multi-application and management services in addition to
infrastructure and support of multi-application card issuers. ECard is
currently providing services to customers such as ANZ Bank, TAFE NSW, La
Trobe University and Smart Visit Solutions.

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