First Equity Business Card Processing

PA-based First Equity Card has signed a five-year agreement for TSYS to process a new commercial credit card specifically designed for businesses with fewer than 10 employees. The new commercial card will give small businesses an independent line of credit, specialized account management reports and additional cards for employees with individualized spending limits. These businesses will no longer need to rely on personal consumer cards for their small-business expenditures.

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Truth MasterCard Support

Q Comm has signed an agreement with Next Estate Communications to support loading value onto the Next Estate prepaid “Truth MasterCard”, issued by Columbus Bank & Trust. Once the account has been set up and activated, Next Estate allows the customer to use his or her Virtual MasterCard account immediately for non face-to-face purchases, like online purchases, and then sends the customer their personalized, embossed Truth(TM) MasterCard(R) card in the mail, if requested.

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Euronet Acceptance

Euronet’s UK operation announced this morning it 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%. 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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CYBERFLEX JAVACARD EAL4

SchlumbergerSema’s “Cyberflex JavaCard” has been awarded the “Common Criteria EAL4+ Certificate” by the French Direction Centrale de la Sécurité de Systèmes d’Informations. The unique security features offered by the “Cyberflex 32K” card make it the first “JavaCard” product to receive accreditation for its operating system and applet, as well as its chip. SchlumbergerSema is the only “JavaCard” manufacturer to claim the integrated “Digital Signature Applet” as part of the entire certified product in compliance with the mandatory European CEN Protection Profile. The “Common Criteria EAL4+ Certificate” is a recognized security assessment standard that is complementary to the US FIPS certificate. SchlumbergerSema has already delivered one million of its “Cyberflex Access FIPS 140-1 Level 2” cards for worldwide deployment by the U.S. Department of Defense.

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SC 5000

VeriFone yesterday introduced a new terminal featuring a programmable PIN pad aimed at reducing card skimming at the point of sale. The new “SC 5000” supports both smart card and PIN-based transactions and adheres to “3DES” encryption standards transactions. The “SC 5000” features an integrated smart card reader with support for 0, 2 or 4 SAM slots to enable support for a broad range of smart card-based loyalty and electronic purse schemes. It also offers an optional built-in magnetic-stripe card reader. The device is ergonomically designed to fit in the palm of the hand. The SC 5000 is also PED-compliant and offers a range of security protections including tamper-detection circuitry.

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VISA USA 2Q/02

Debit card activity continues to drive VISA USA’s growth as debit card volume soared by nearly 29% in the first six months of this year. During the second quarter, the number of VISA debit cards issued rose about 14%, from 108.7 million at the end of 2Q/01 to 122.6 million this year. Overall, VISA’s U.S. gross dollar volume for the second quarter grew 11.2% to $248.4 billion. For 2Q/02, purchase volume was up 7.6% while cash volume was up 24.5%. For the first six months of this year, VISA’s gross dollar volume was up 10.4%, from $427.9 billion for 2Q/01, to $472.2 billion for 2Q/02. VISA’s U.S. credit card portfolio grew 4.8% during the second quarter from 249.1 million cards to 261.0 million cards. However credit card volume for the first half of this year inched up by 1.1%, from $287.9 billion for the first six months of 2001, to $291.3 billion for the first half of this year. For complete details on VISA’s 2Q/02 statistics as well as prior quarterly performance visit CardData ([www.carddata.com][1]).

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

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Ceridian Exec

Ceridian announced this morning that Tony Holcombe, president of Ceridian’s U.S. human resources solutions business, has resigned to lead a privately-held company in Tennessee engaged in the gift card business for small merchants. Holcombe was employed by Ceridian for 5 years spending the first two years leading its Comdata subsidiary. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in North America. The company is also one of the top human resources outsourcing companies in each of its markets.

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Allegiant Picks Postilion

St. Louis-based Allegiant Bank has selected Mosaic Software’s “Postilion” software product for ATM driving, transaction switching, and routing for its network of ATMs. The installation of Postilion to handle all aspects of ATM transaction processing and management forat Allegiant Bank’s network of ATMs will assure the maximum availability of services for their customers.

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CARD FRAUD PARTNERSHIP

TrustMarque International and Canada-based Protexis have signed a partnership agreement to provide advanced fraud protection services. The partnership will enable an effective payment processing option for Protexis software licensing customers and their end users. TrustMarque offers a portfolio of secure Internet transaction applications and services including multi currency payment processing and credit/debit card risk assessment. Protexis is a provider of digital software licensing solutions including the Protexis “nTitles” software license transaction system which offers state-of-the-art tools to manage license compliance.

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Catuity Patent

Catuity has been issued an Australian patent for applications and programs operating between in-store POS devices, mobile devices, personal computers, kiosks, host systems and/or the Internet using a single card or other consumer device. Earlier this year Catuity received notice of acceptance for its first patent in the US, and that patent is expected to also be granted in Australia and other markets.

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