CHARGE ANYwhere

New York City-based Comstar Interactive launched a wireless credit card processing solution this week. “CHARGE ANYwhere” combines a compact card swipe device with a Web-based transaction database and reporting system and other features in one low-cost package. The solution also includes check authorization and two-way messaging as standard features. The “CHARGE ANYwhere” integrates a magnetic card swipe reader with the BlackBerry-class “RIM 950/850” wireless handheld which is enabled for either the Cingular Wireless Mobitex network or the Motient network. The device connects wirelessly through Comstar’s gateway to credit card processing companies. Authorizations typically take five to seven seconds, on average. Larry’s Limos, a full-service limousine operator based in Birmingham, AL, has been a Comstar beta customer using CHARGE ANYwhere for the past several months. “CHARGE ANYwhere” can be purchased for as low as $674, which includes the device, features software, user name and activation fees. Monthly service charges start as low as $19.95. There also is a 10-cents per transaction fee.

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Charter One FYI Alerts

OH-based Charter One Bank has launched Centerpost’s “FYI Alerts” to provide customers with account information via mobile phones, work or home phones, pagers, PDAs, email, and fax. Customers can choose to be alerted to account activity such as recent transactions, low balances, new e-bill arrivals and more. FYI Alerts will also allow users to request a full financial summary in the form of a “mini-statement” – which can be set up to arrive daily, weekly or monthly.

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PayPal Merger

As eBay presses forward with its acquisition of PayPal, the New York State Attorney General announced an agreement yesterday with PayPal to discontinue its payment services to online gambling merchants. PayPal also agreed to pay penalties of $200,000 to the State of New York to cover the Attorney General’s costs of investigation. eBay previously announced that it intended to discontinue PayPal’s current business operations related to payment processing transactions for merchants involved in online gambling activities after it completes its acquisition of PayPal. PayPal also announced Wednesday that it has set Thursday, October 3rd as the date of the special meeting of stockholders to vote on the proposed merger with eBay Inc. and Vaquita Acquisition Corp. Earlier this week, PayPal and eBay announced that the waiting period under the Hart-Scott-Rodino Antitrust Act expired yesterday, giving the green light to eBay’s acquisition of PayPal.

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INSIDE CONTACTLESS

Aix-en-Provence-based Inside Contactless, formerly known as Inside Technologies, announced the appointment of Stephen Riegel, former Texas Instruments Business Development Manager for the East Coast US as Vice President of Business development for the North American region. Riegel will be in charge of the upcoming office based in the US. He was previously involved in the RFID market as Business Development Manager for Motorola Inc. Inside Contactless is a supplier of contactless chips and readers, offering a range of solutions for emerging markets like transport, access control, payment, identity, and electronic identification.

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PAY-SAFE-NOW SALES

Dublin0based FreeStar Technologies announced that the Company’s Latin American subsidiary, ePayLatina, secured orders for 20 POS solutions and is following up on over 1000 inquiries
received from small business owners who attended a recent industry exhibition. In association with Bancredito, ePayLatina is offering merchants the opportunity to select from three turnkey, point-of-sale
operating systems, which range in price from US$699 to US$1299. FreeStar also noted that 60 ePayPad units were sold at the technology fair to individuals for personal use on their home computers. The ePayPad is a proprietary card-swipe device that plugs into a personal computer and is engineered to permit a user to complete secure PIN-authenticated ATM and debit card transactions on the Internet.

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