ATMEL C51

Atmel Corporation has expanded its “C51” chips to address any application
using a serial, USB or PCMCIA smart card reader. The new “AT8xC5122” and
“AT83C5123” join Atmel’s line up of other “C51”-based one-chip solutions
currently used in serial smart card readers for mobile phones, PDAs and
energy meters and are available in Flash, RAM or ROM versions. Pricing is
US$4 for 10,000-unit quantity for the AT8xC5121 Flash version and US$2.50
for the ROM version. All devices retain a fully integrated DC/DC converter
with 75 to 98% efficiency, which powers the target card with the
appropriate 5, 3 or 1.8 Voltage regardless of the voltage source. An
ISO7816 UART is also integrated for easy data transfer to the card.

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MONEYGRAM CHINA

Shanghai-based Bank of Communications and MoneyGram International have
signed an agreement that will offer MoneyGram service throughout China.
MoneyGram service will be introduced initially at bank branches in major
cities and then rolled out to other cities step by step. Customers will
soon be able to send funds anywhere in the world through the MoneyGram
network at any of the Bank of Communication’s 2,700 outlets in 86 Chinese
cities and five overseas outlets. Bank of Communications is the first
joint-stock commercial bank in China and is one of that country’s leaders
in the remittance business.

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FDC vs VISA

First Data confirmed yesterday it has filed a counter suit against VISA alleging “anti-competitive and monopolistic practices that limit competition, innovation and choice in the payments industry.” In April, VISA filed suit against FDC over its First Data Net, which offers a private arrangement to provide direct connections to authorize or to clear and settle transactions outside of VisaNet. Since the filing of the suit, VISA has decided to ban all private arrangements. First Data says its private network enables direct connections between merchant acquirers and card issuing banks, eliminating unnecessary detours in the payment process. FDC says VISA requires payments to go through its own network, even if a payment can be processed securely and more directly between a merchant and a card-issuing bank.

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InteliData 3Q/02

InteliData Technologies reported revenue for the third quarter of $6.0 million, an increase of 13% over the $5.3 million reported for the third quarter 2001. Gross profit for the quarter totaled $3.6 million compared to $2.9 million for the third quarter of 2001. Looking to 2003, the Company is projecting preliminary full-year revenues to be between $25 million and $30 million, or 25% growth as measured against the mid-point on a year-over-year basis. For complete details on InteliData’s 3Q/02 results visit CardData ([www.carddata.com][1]).

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

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Diebold RT-SS

Diebold said yesterday there has never been a robbery at a “RemoteTeller”-equipped facility in the six years the product has been on the market. The new “RemoteTeller Self-Service” (RT-SS) concept combines all of the best features of Diebold’s original “RemoteTeller” system and ATM technology by giving consumers the option to select one of several financial transaction delivery channels, either teller-assisted or self-service, from a single lobby station. Currently, more than 200 customers have installed 945 “RemoteTeller” units at 350 locations across the country. Customers using “RT-SS” are greeted with a ‘welcome screen’ offering either a self-service or assisted transaction, or they can view marketing and promotional information. When selecting a self-service transaction, all the features of a full-function ATM are available. However, should assistance be required at any time, the customer can summon the “RT-SS” teller, who can assist with transactions via the same two-way audio/video connection and pneumatic tube carrier used by the current “RemoteTeller” system.

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ATM ROI

A new study has found that ATMs must offer advanced functions to drive real returns and move beyond selling movie tickets, postage stamps, or topping-up prepaid cellular phones. TowerGroup believes two advanced ATM functionalities will ultimately provide the highest return on a bank’s investment. In the US, deposit “truncation” that could be enabled by the eventual passage of the “Check Truncation Act” will significantly reduce the cost to process deposits. Globally, customized customer contact via the ATM will deepen the relationship with the customer by providing a superior level of personalized (though automated) service. TowerGroup says the $1.2 billion in revenue brought in by selling stamps and tickets seems impressive, but when spread out across the 1 million-plus ATM machines globally, the real per-machine revenue can be a challenge to justify in terms of return on investment. The research firm says the key to increasing the ATM value will be in providing higher levels of service and convenience, both through end-to-end deposit processing and personalized customer relationship management.

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nCipher & Cardinal

CardinalCommerce and nCipher have teamed to combine nCipher’s “Hardware Security Modules” with Cardinal’s “Payment Authentication Platform”. The combined solution provides a low risk opportunity for acquiring banks, credit card and payment processor companies, issuing banks and a wide range of financial service institutions to implement cardholder and payment authentication systems

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Family Account

MasterCard and Texas-based Town North Bank/TNB Card Services have teamed to offer, next year, an account that connects all the members of a family to one credit line. The primary cardholder of the new “MasterCard Family Account” determines who in the family, including children, receives a card and assigns a spending limit to each individual cardholder. Spending limits can be customized to meet the needs of each family member and may be adjusted at any time. An individual account number is issued for every card. All transactions are summarized on a single account statement that is sent to the primary cardholder every month. MasterCard says the new program will help tap into the $627 billion in household purchases globally that influenced by consumers in their teens and early twenties. Over 80% of this spending is cash. MasterCard also says a recent survey found that 82% of parents liked the “MasterCard Family Account” as a safety net in case of emergencies.

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