Smart Card Communication

Amsterdam-based Royal Philips Electronics and Japan’s Sony Corporation have teamed to jointly develop a new near field radio-frequency communication technology, which is fully compliant to both Philips’ existing “Mifare” and Sony’s “FeliCa” contactless smart card technologies. The “Near Field Communication” (NFC) technology will operate on 13.56 MHz and allow for the transfer of any kind of data between NFC enabled devices such as mobile phones, digital cameras and PDA’s as well as to PC’s, laptops, game consoles or PC Peripherals, across a distance of up to twenty centimeters and aiming at speeds fast enough to transfer high quality images. The aim is to build a ubiquitous open infrastructure of NFC-compliant devices which effectively incorporate smart-key and smart card reader functions, providing a convenient communication method for services such as payment (including credit card), ticketing, and accessing online entertainment content (e.g. gaming) through the devices. This can be done simply by holding devices or smart cards near each other.

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QUIK-CASH

Las Vegas-based Global Cash Access has become the first company to install debit and credit card cash access services in United Kingdom gambling establishments. Thirty-five Stanley Leisure properties are under contract and will take advantage of GCA’s “QuikCash” cash access terminals. “QuikCash” cash access terminals employ the latest technology to provide casino customers with every access option available for cash advances on major credit cards and local bank debit. The touch screen, smart card-ready transaction terminals feature multilingual capabilities and can be installed virtually anywhere in a casino property.
Global Cash Access is majority owned by First Data Corp.

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eMerchantView

FirstMerit has released “eMerchantView,” which enables transaction viewing, export and account maintenance of all credit card transactions. Through interactive Web pages, with secured digital certification technology, eMerchantView provides access to transaction, retrieval and adjustment information for the past six months, as well as a three-month history of merchant statements.

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PULSE Online

Houston-based PULSE EFT Association has introduced “PULSE Online” which can turn a financial institution’s Web site into a valuable tool to help meet the needs of its customers while creating opportunities for new revenues. “PULSE Online” is powered by eCommLink, a Houston-based payments company, and features a software hub that enables financial institutions to choose the services they want from a broad menu of selections. In addition to retail and commercial banking packages which include bill payment, “PULSE Online” also offers optional services including brokerage, check and statement image integration, credit card account data presentation, wireless banking, loan origination and Web site design. The PULSE network has 101,000 ATMs and more than 430,000 “PULSE PAY” POS merchant locations.

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iBill & Yaga

FL-based iBill and Yaga have teamed to provide Web merchants with access to payment services including profitability reports, conversion statistics, and popular download information. Merchants using iBill’s services receive an outsourced solution in which iBill handles all payment processing, risk management, affiliate management and payment-related customer service. In addition, iBill’s payment options allow merchants to complete credit card, online checking, and telephone billing transactions.

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HYPERCOM CONTRACT

China UnionPay has awarded Hypercom a multi-million dollar contract to provide electronic payment networking equipment for China’s largest unified domestic payments network. By the year 2005, Hypercom’s system will allow more than 400 million bank cardholders in 100 cities to use their cards at any payment terminal in China. By the end of this year, Hypercom’s network system will enable cross-city and cross-bank
transactions in 40 major cities. Under the terms of the agreement, Hypercom will initially provide Network Access Controllers and network management systems for 100 of China’s largest markets to build up
the payment network, including Beijing, Shanghai, Guangzhou, Hangzhou and Shenzhen. The Hypercom network equipment will be used to transmit millions of data packets between China UnionPay’s host
computer, banks, and card payment terminals.

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GraphiCard Lifts Spend

Visible Results USA said Wednesday that NJ-based Swanson True Value Hardware Supply’s rewards loyalty program, launched in late July, is delivering an average spend per transaction for consumer members, 25% higher than non-members. Program participants earn points for shopping in any of Swanson’s five business units general hardware, communications, equipment rental, equipment repair and industrial supplies.

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Hypercom China

China UnionPay has awarded Hypercom a multi-million dollar contract to provide electronic payment networking equipment for China’s largest unified domestic payments network. By the year 2005, Hypercom’s system will allow more than 400 million bank cardholders in 100 cities to use their cards at any payment terminal in China. By the end of this year, Hypercom’s network system will enable cross-city and cross-bank transactions in 40 major cities. According to The RAM Report ([www.ramreport.com][1]), Hypercom will initially provide Network Access Controllers and network management systems for 100 of China’s largest markets to build up the payment network, including Beijing, Shanghai, Guangzhou, Hangzhou and Shenzhen. The Hypercom network equipment will be used to transmit millions of data packets between China UnionPay’s host computer, banks, and card payment terminals.

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

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VeriSign UCAF

VeriSign has inked a deal with MasterCard to implement and offer access to MasterCard’s “Universal Cardholder Authentication Field” program to up to 75,000 merchants. VeriSign processes approximately 25% of all online transactions in the USA. VeriSign says its merchants will benefit from an upcoming MasterCard rule change that shifts liability for fraudulent transactions not authorized by the cardholder away from the online merchant and its acquirer when UCAF has been utilized. Historically, if an online merchant shipped goods for a transaction that turned out to be fraudulent due to the cardholder claiming he or she did not authorize the transaction, the merchant ultimately bore the costs. With “UCAF,” online merchants will benefit from a payment guarantee that is equivalent to a signed sales receipt in the physical world when participating issuers authenticate their cardholders and authorize the transaction.

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EURONET UK ATMS

Euronet’s UK operation now offers VISA and MasterCard acceptance on Euronet ATMs for cash withdrawals and credit card cash advances. Citibank International, plc is sponsoring Euronet in the UK initiative. Euronet is currently partnered with Citishare and Citibank in six countries, including the ATM outsourcing program for Citibank Greece. Euronet says the UK expansion has already increased ATM transactions by 3%. Citibank’s UK customers can now access over 740 ATM’s nationwide with their VISA or MasterCard and pay no surcharge. As of June 30th, Euronet owned and/or operated a total of 2,840 ATMs compared to 2,548 ATMs on March 31st. The compnay owns and/or operates ATMs in Hungary, Poland, Germany, Croatia, the Czech Republic, the U.K., Greece and Egypt.

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