Arterium 3.0

Sydney-based Cards etc has launched the third release of its smart card management software for card issuers and service bureaus. “Arterium 3.0” is four times faster than the previous version and offers “Key Manager,” which provides all the key management capabilities necessary to support Arterium data preparation and personalization processes, making it easy to create, generate, import and migrate keys securely. The software also features an “Application Programming Interface” and “Software Development Kit,” enabling third parties to develop Arterium support for their own applications. The software development kit provides a rapid development environment for developers to build and test code using the “API.” Arterium manages the entire lifetime of the card from launch through to expiry and enables partners who share space on the chip to retrieve and update cardholders, cards and products. Arterium is currently in use by First Data, Acer Corporation in Taiwan, and ECard in Australia.

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Incurrent CEO & Chairman

NJ-based Incurrent has promoted David Hickey to CEO and has named Ross Longfield as Chairman of the Board to succeed Loren Hulber. He has been a Board Member of Incurrent for nearly two years. Mr. Longfield managed the successful integration of the card operations resulting from the merger of Beneficial Corporation with Household International forming the second largest private label credit card operation in the US.

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Cendant & MasterCard

MasterCard International and has signed a “Preferred Alliance” agreement with Cendant to promote the MasterCard card through all Cendant hotel brands, Galileo International, and through its affiliation with Trip.com. MasterCard and Cendant will jointly develop and promote special offers available exclusively to MasterCard cardholders, which will be promoted through online and offline advertising, promotional campaigns and point-of-sale materials.

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Taxi Deal

Canada’s Mobile Knowledge has signed a key contract worth over US$300,000 with Yellow Checker Cab Company of San Jose, California. Earlier this month, the company signed a contract with Taxi Equipment Company. Taxi Equipment Co. provides taxi dispatch, support and technology services to six related operating companies, including LA Taxi Co-op and Long Beach Yellow Cab Co-op in California. The company previously inked a deal with Washington, DC-based Barwood Inc. All three contracts involve Mobile Knowledge’s “Series 6000” terminals. The terminals provide taxi drivers with the ability for customers to use credit cards and smart cards. The terminals feature multimedia color touch screens for use by both drivers and passengers, and full GPS location-tracking services. (CF Library 10/1/02)

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Incurrent CMO

NJ-based Incurrent has hired William Kinnelly, formerly COO of Retail Decisions’ U.S. division, to the position of Chief Marketing Officer. Kinnelly comes to Incurrent from Retail Decisions, Inc., a global credit card payment processor to telecom and ecommerce firms. During his tenure as COO of the US Company and President of the telecom business unit, revenue increased by 100% and profit grew four-fold.

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SEARS & TSYS

TSYS has been selected as the exclusive processor for Sears Canada’s 9
million retail cards and will begin the migration next year. More than 80%
of Canadian households are Sears cardholders. TSYS has processed card
accounts in Canada since 1989 and is the dominant processor with 20% of the
overall card market. Ninety percent of adult Canadians own a banking card,
and the average Canadian carries three different credit cards. Canada has
approximately 35,000 ATMS and over 600 credit card issuers for a population
of nearly 31 million people. More Canadian households use credit cards than
in the USA — 89% versus 76%. TSYS also processes for Canadian Tire.

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EURONET CFO

Budapest-based Euronet Worldwide has named a new CFO and controller. Rick
Weller, formerly COO of ionex telecommunications, has been named EVP/CFO.
Kendall Coyne, fomer CFO will become Euronet’s controller, focusing on
streamlining accounting, reporting and business processes and controls. At
mid-year, Euronet owned and/or operated a total of 2,840 ATMs. The company
owns and/or operates ATMs in Hungary, Poland, Germany, Croatia, the Czech
Republic, the U.K., Greece and Egypt.

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SCM 3Q/02

SCM Microsystems reported third quarter revenues of $40.9 million, down
12% from revenues of $46.5 million in the third quarter of 2001. The
Company recorded a pro forma operating loss of $1.3 million in the third
quarter. Revenues from the Company’s Security division were $14.3 million.
SCM says it expects to see continued strong demand for its smart card
reader technology for US government security applications. For the fourth
quarter, management estimates that revenues from the Security business will
be in the range of $15 million to $18 million.

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Euronet CFO

KS-based Euronet Worldwide has named a new CFO and controller. Rick Weller, formerly COO of ionex telecommunications, has been named EVP/CFO. Kendall Coyne, fomer CFO will become Euronet’s controller, focusing on streamlining accounting, reporting and business processes and controls. At mid-year, Euronet owned and/or operated a total of 2,840 ATMs. The company owns and/or operates ATMs in Hungary, Poland, Germany, Croatia, the Czech Republic, the U.K., Greece and Egypt.

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POS Ground Guard

Wincor Nixdorf has signed a deal to resell POWERVAR’s “Ground Guard” power conditioning products to protect POS systems in hospitality and foodservice establishments. POWERVAR’s Ground Guard power conditioners eliminate the need for dedicated electrical circuits and isolated ground wiring, through a “ground conditioning” feature combined with standard power conditioning elements. This assures a steady supply of clean power that allows mission-critical POS appliances to operate efficiently.

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