MBI Card

MA-based mbi reported this week it has topped 150,000 cardholders for its healthcare MasterCard debit cards. The mbi “Flex Convenience Card” enables employees using FSAs and HRAs to pay for eligible healthcare expenses wherever MasterCard is accepted. mbi currently has more than 160 TPA customers and over 1,900 employer groups. Some of the employers using the technology include PacifiCare, Ruby Tuesdays, MasterCard, and the Arizona Diamondbacks. Based on orders from TPAs and employers, mbi projects approximately 225,000 cardholders by the end of January.

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OBERTHUR 3Q/02

Oberthur Card Systems reported third quarter revenue of 103.3
million euros, 7% decline from 3Q/01. Oberthur says the slowdown in smart
cards reversed itself during the third quarter as the company experienced a
13.6% increase over second quarter thanks to business in France and the
United Kingdom. Oberthur says sales of magnetic stripe cards have
stabilized. The decline of 4.3 million euros in sales compared with 3Q/01
is mainly due to the divestment from the memory card business in the USA.
Oberthur says the roll out of EMV microprocessor cards has reached a new
phase in the UKwith the introduction of the PIN@POS technology that enables
retailers to use microprocessor cards with a PIN code at their POS
terminals. With a 58% sequential growth and the recent announcement of a 3
three-year contract with Barclaycard, Oberthur says it is in a strong
position. Oberthur expects its level of sales on a full year basis to be in
the range of 435 to 450 million euros.

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Smart Card Rebates

A Cleveland-based manufacturer of LCDs has been issued a patent which allows instant cash incentives to be given to smart card customers at the POS. Viztec received the “Chip Card Rebate System” patent which broadly covers electronic cash rebates loaded onto smart cards in conjunction with advertisements and sales promotions (including coupons). Viztec says it also has patents covering smart cards with flexible displays, as well as the downloading of advertisements and coupons to smart cards with flexible displays. Viztec is currently commercializing its flexible LCD technology for use in smart cards, as well as other consumer and industrial products. Contrast ratios of Viztec’s current displays for smart cards are approximately 200:1. Viztec currently does not intend to manufacture smart cards, but is instead offering the technology covered in its smart card patents under a license agreement with qualified partners.

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BOCI & EDS

BOC Credit Card (International) Ltd. has signed with EDS Greater China to
migrate BOCI’s credit card operations to a comprehensive and IT system with
credit processing modules on a mainframe platform.
EDS will provide IT services for the migration of the existing legacy
systems supporting BOCI’s credit card operations in the Mainland of China
and Hong Kong and Macau SARs. EDS will also provide trainer training for
selected BOCI staff, data conversion for more than one million credit card
accounts and system implementation for the project. This project is the
second phase of the global upgrading program for BOCI. EDS has already
implemented the same system for BOCI’s operations in Australia and Singapore.

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Cure Card

A consumer loyalty card created to help raise funds for breast cancer research will be launched next week. Consumers will be able to purchase “The Cure Card” for $25 of which 50% is automatically donated to The Breast Cancer Research Foundation. Cure Card holders receive discounts on purchases each time they use their Card at participating retailers through October 31, 2003. In turn, the retailer will make a donation back to BCRF each time “The Cure Card” is shown at time of purchase. The national retail partners for its launch include Adrienne Vittadini, Carolee, Casual Corner, Petite Sophisticate, August Max Woman and Casual Corner Annex. The Cure Card is expected to be available in over 1,000 stores nationwide.

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ACI & SMARTICS

The Hong Kong smart identity card system is employing ACI Worldwide and
its “Smart Chip Manager.” The “SMARTICS” contract was recently awarded to a
consortium of companies, of which ACI is a key member, led by PCCW Business
eSolutions. The ACI “Smart Chip Manager” is an integrated software
application that controls the lifecycle of smart cards and the applications
that reside on them. Under the terms of the contract, the consortium
directed by PCCW’s eSolutions business unit will provide 1.2 million smart
cards to the Immigration Department of the Government of the Hong Kong
Special Administrative Region. ACI’s chip card technologies support more
than 20 million multi-application cards on different operating systems and
smart card platforms worldwide.

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Digital Insight 3Q/02

Digital Insight reported that revenues for the third quarter increased 38% to $33.9 million from $24.5 million in the 3Q/02. On a pro forma basis, the Company reported net income in the third quarter of $3.6 million, compared to a pro forma net loss of $0.6 million in the third quarter of 2001. New contracts signed during the quarter added approximately 565,000 potential end-users and 34 new financial institutions. The Company added approximately 198,000 active Internet banking end-users. Bill payment users increased to approximately 425,000, up 8% from the prior quarter and a 96% increase compared to the third quarter a year ago. Total bills paid increased to 5.4 million from 5.2 million in the prior quarter. Lending applications processed increased to approximately 121,000 versus 118,000 in the prior quarter and 87,000 a year ago. For more details on Digital Insight’s third quarter performance visit CardData ([www.carddata.com][1]).

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

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APP DOWNLOADS

VISA announced that cardholders in Japan will be the first in the world to
download applications to their “VISA smart” cards via the Internet.
Sumitomo Mitsui Card has launched the service which allows cardholders to
download PC network access functions to “GlobalPlatform” multi-application
“VISA smart” cards. Sumitomo expects to issue at least 100,000 such cards
within one year. SMCC has been issuing EMV-compliant VISA multi-application
smart cards since July. The applications may include identification,
loyalty schemes, identity passwords, transit and healthcare information.
VISA expects 15 million smart cards to be issued in the Asia Pacific region
by the end of 2002.

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OJAM 2.0

ORGA Card Systems has released Version 2.0 of its ORGA “Java Card Applet
Manager.” The “OJAM” software tool simplifies the management of Java Card
applets and supports all Java SIM cards with specifications based on
international standards from Sun Microsystems, Global Platform and 3GPP.
“OJAM” provides on-card functionality, for which a 3GPP TS 23.048
compatible Java SIM card is read out with the help of a smart card reader,
as well as off-card functionality, for which neither a card nor a card
reader is needed. ORGA Card Systems, Inc. is the North American subsidiary
of ORGA Kartensysteme GmbH.

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SMART ID CARD

The Sultanate of Oman has awarded a contract for a comprehensive national
identity solution to Gemplus International. The deal will initially involve
1.2 million smart ID cards. This is the first smart card-based identity
solution ever implemented in the Middle East. The Sultanate’s smart citizen
identity card is intended for launch by end 2003, after all necessary
integration and infrastructure developments are made. Oman’s citizens and
residents will be able to securely and conveniently store their personal
credentials on the cards, including name, address, digital photo ID and
fingerprints. It is planned to extend the smart card usage to host the
individual’s driver’s license and border control applications, with other
applications, including emergency medical data, being added over time. The
ID cards combined with biometric recognition will be able to be checked
both by portable terminals and by automatic electronic validation, for
example at airport immigration checkpoints.

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I-PIN SOARS

France Telecom’s w-HA subsidiary and iPIN released data that
showed a 15% to 20% month-over-month for the past 6 months for its
multi-operator commercial payment platform. By year’s end, w-HA’s payment
network will include over 100 participating merchants, mobile operators and
Internet Service Providers and provide interoperability between merchants
and six telco issuers including Wanadoo, Orange, T-Online
France/Club-Internet and Tiscali France. During the first three quarters of
2002, the number of active users purchasing digital goods and services on
w-HA’s network has increased to more than 350,000.
w-HA says it will be upgrading to “iPIN 3.0.”

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