Chinese Weekly Calling Cards

Kabushikigaisha Nityu NetMedia, publisher of the “Chinese Weekly” newspaper in Japan, is using the iBasis “IP CallCard” hosted platform and the iBasis network to offer pre-paid calling card services to its more than 15 million subscribers in Japan. iBasis facilitates the prepaid business of its partners and does not compete with them in their own markets. Service providers using IP CallCard as their pre-or post-paid billing platform enjoy rapid service deployment while minimizing risk and upfront expenses.

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PRISM SIM

Prism Holdings Ltd. has chosen Atmel’s secure microcontroller silicon
platform for its “aSIMetrix” SIM card. Based on the Atmel “AT90SC” product
family, the Prism “aSIMetrix” SIM card combines the full
spectrum of GSM phase2+ functionality together with a SmartTrust certified
wireless Internet browser), advanced menu and application management
functions, and a full suite of advanced cryptographic plug-ins, all on a
single card. It uniquely caters to secure wireless payment and other mobile
applications with stringent security requirements. Prism Holdings is a
major supplier of GSM solutions to government and commercial organizations
worldwide provides the infrastructure and technology component required to
support the mobile commerce initiative of “TMTOUCH,” the GSM network
operator in Malaysia.

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CodePoint ePay

MA-based International Wireless Inc.announced yesterday it is acquiring Global ePay LLC. The company says the deal will broaden the applications for its patented bar code reading software and to facilitate the on-line and wireless electronic payments of fees, fines and taxes to state and local governments as well as utilities. International Wireless says the deal places the company squarely in competition with eONE Global’s, govONE Solutions. International Wireless’ patented “CodePoint” software solution allows mobile phones, PDAs, and emerging wireless devices to read visual symbols such as barcodes and complex matrix codes via integrated digital cameras.

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PayWare Resolve 5.0

Trintech Group announced this week the immediate availability of “PayWare Resolve IS Version 5.” The new version of Trintech’s dispute resolution suite includes an improved user interface that enables customers to perform more flexible searching, initiate bulk operations such as write-offs or letter generation for selected dispute cases, and export data to external applications. Other features of the new product include the ability to customize queues to suit the experience and knowledge of staff. The essential difference between “PayWare Resolve” and other exception management systems is its built-in knowledge of domestic, regional and international chargeback regulations. The chargeback regulations for VISA and MasterCard/Europay have been encoded into the application so that the system can recommend the appropriate action and chargeback reason code for each case, replacing the need to navigate a series of intricate paper trails and complex and changing regulations.”Resolve IS Version 5″ is Java based and may be deployed on both Unix and Windows platforms.

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FTC Settlement

The Federal Trade Commission said it has reached a settlement with IL-based 1st Financial Solutions, Inc., which allegedly used a nationwide network of telemarketers to sell consumers major credit cards, cards that no one ever received. The settlement requires 1st Financial, three individuals and 10 other companies to post a $1 million bond before engaging in telemarketing. The defendants also are banned from selling credit-related programs, products and services. The complaint, filed in November, alleged that the defendants used telemarketers to offer VISA and MasterCard credit cards to consumers for fees ranging from $99.95 to $219.95. The defendants never provided credit cards or any extension of credit, according to the complaint. Most of the time, consumers received nothing at all. Some received either promotional literature offering things like gasoline discounts and auto club memberships, or an “ATM” debit card – a “stored value card” – that consumers could only use if they deposited money into an account to cover the purchase. (CF Library 11/27/01)

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Lavinna L100

Ingenico has signed an agreement with Concord EFS to manufacture the “Lavinna L100”, a proprietary compact hand-held terminal used for Concord’s “IDLogix” identification and age verification service. The Lavinna L100 terminal provides restaurants and retail establishments with the ability to verify a person’s age by swiping the customer’s driver’s license or other ID through the hand-held unit. Additionally, the terminal provides government agencies and commercial concerns with a simple-to-use mobile unit for identification purposes.

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ReD Latin American Deal

Retail Decisions and ENIAC, a Latin American information technology solutions distributor, announced a sales and distribution agreement for Retail Decisions’ “PRISM” risk management products within Venezuela, Colombia and Puerto Rico. PRISM uses self-learning neural network fraud detection models and bank-specific rules-based technology to help card issuers and retailers detect fraudulent transactions in real-time.

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AMC Gift Card

MO-based AMC Entertainment is rolling out a stored-value gift card. The new “AMC Entertainment Card” is available now at AMC Theatres throughout the U.S. and will soon be available at more than 1,400 supermarkets around the country. Participating supermarkets offering the card beginning November 15 include selected Safeway stores throughout the U.S., as well as select Dominick’s stores in Chicago, Vons and Pavillions stores in Southern California, Randalls and Tom Thumb stores in Texas, and Genuardi’s stores in Philadelphia. The card currently is offered in $15, $25, and $50 increments. AMC operates 242 theatres with 3,500 screens in the USA, Canada, France, Hong Kong, Japan, Portugal, Spain, Sweden, and the United Kingdom.

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3Q/02 Portfolio Reports

Early reports for the third quarter, from bank credit card issuers representing about 8% of the industry or $50 billion in outstandings, show little, if any, portfolio growth. However card volume is running about 4% higher than 3Q/01. The number of accounts, actives, and cards-in-force is up between 1.8% and 3.4%, according to CardData ([www.carddata.com][1]). Sacramento, CA-based Golden One Credit Union reported yesterday a 6.3% decline in third quarter outstandings compared to one year ago, however, card volume was up 14.8%. Golden One’s account base was essentially flat compared to one year ago. Most of the major issuers will release third quarter data within the next fourteen days.

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

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