Fujitsu PC Corporation has selected the CyberSource transaction management solution to improve its disparate payment, fraud and order processing systems. The transaction automation platform allows merchants, such as Fujitsu, to automate the process of deciding to accept, reject or review an order. Its Web-based graphical user interface allows business managers to easily apply and change business rules and adjust processes to optimize sales results.Details
UK-based WorldPay has launched a global program using MasterCard’s “UCAF” authentication infrastructure which shifts the liability of online transactions away from the online merchant and its acquirer. The implementation of MasterCard UCAF will enable WorldPay’s 17,000-plus multi-currency merchants in 115 countries to accept cardholder authentication information from MasterCard issuers following successful verification of the cardholder’s identity by password, PIN, or other issuer approved authentication techniques. As a result, WorldPay merchants will benefit from MasterCard rule changes that shift liability for fraudulent transactions not authorized by the cardholder away back to the issuer. As WorldPay’s European-based merchants are enabled, they will benefit from this liability shift immediately for all intra-European MasterCard transactions. Subsequently, all of WorldPay’s merchants are positioned to benefit from a MasterCard global liability shift, planned for November for fully authenticated transactions.Details
TN-based Fleet One announced Wednesday that its “Over The Road” card can now be used at 850 Motel 6 locations across the country. Fleet One’s partnership with Motel 6 allows drivers to book a room without additional information by simply swiping the card. Payment is drawn from the cash advance balance of the driver’s card or from the driver’s payroll card account. Earlier this year, Fleet One enhanced the “Over The Road” card program by partnering with a “Plus Network” of more than 3,000 truck stops and travel centers that now accept the card with no fuel transaction fees. The “Over The Road” card is used by Class 7 and 8 long-haul truckers. Fleet One is a subsidiary of National Commerce Financial Corporation.Details
PA-based USA Technologies has added WAN and Wi-Fi capabilities to its “e-Port” credit card vending product line. In addition to processing credit card transactions in vending, USTT wireless networking services could also process transaction made with RFID’s, Smart Cards, cell phones and other forms of cashless payment in several industries. USTT’s wireless e-Port and associated network and financial services are currently being used by some of the world-leading brands including Kodak, Marriott, Maytag, and Kraft Foods.Details
Houston-based PentaSafe Security Technologies has named Ralph Logan to the HoneyNet Project to assist in threat identification research. Capitalizing off the intelligence and threat analysis activities of VITAL, Logan will support the ongoing research activities and mission of the HoneyNet project on a consultative basis. Logan will play a pivotal role in digital forensics and analysis on the data extracted from the ongoing HoneyNet.Details
Diebold has named Christopher Connor, chairman and CEO of The Sherwin-Williams Company, to its Board of Directors. Diebold, Incorporated is a global leader in providing integrated self-service delivery systems and services. Diebold employs more than 13,000 associates with representation in more than 88 countries worldwide.Details
After being tied-up in appeals for three years, Gemplus has reportedly been ordered to pay damages to a small California firm. In February 1999, a federal court jury in San Diego awarded $17.5 million in damages to Humetrix, Inc. in a breach of contract and breach of partnership action against Gemplus, S.C.A.. The jury ruled that Gemplus’ actions caused a $15 million loss in potential profits for Humetrix. The jury also awarded $2.5 million in additional damages. The French newspaper Les Echos reported the appeals process has ended. The dispute centered over a 1995 agreement in which Gemplus agreed to a five-year contract designating Humetrix as a reseller of health-care applications of Gemplus smart card products in the U.S.. The contract also provided Humetrix with royalties for 10 years. Humetrix was in the process of developing ‘VaccicardT’, a smart card to track immunization records for infants, in the U.S., as well as other health care applications, when Gemplus allegedly breached its contract and partnership with Humetrix. Humetrix also filed a claim seeking priority trademark rights over the trademark “VaccicardT.” The jury awarded Humetrix with ownership of the trademark, but Humetrix made no claim of monetary damages on that count.Details
Digital Insight reported this morning that 145 financial institutions have been migrated to its data center in California as part of DI’s acquisition of Virtual Financial Services. The conversion was planned as part of the acquisition of Virtual Financial Services, Inc., a privately owned eFinance company that was based in Indianapolis.Details
JCB reported that the total number of JCB-brand EMV IC cards issued in Japan since December 2001 exceeded 3 million in July. By the end of March 2003, JCB expects to have issued more than 10 million
smart cards, meaning JCB smart cardholders will make up 20% of all JCB members. JCB plans for EMV-based JCB IC migration to be complete by the end of 2006. Equipped with the JCB EMV credit payment application “J/Smart,” JCB’s smart card issuing to cardholders in Japan was launched commercially after undergoing successful pilot projects, including the Postal Savings project in Omiya City, near Tokyo, and the Electronic Toll Collection systems for highways in Japan. JCB has a merchant network which includes 9.28 million merchants and spans 189 countries and territories, and serves 40 million card members worldwide.
Oasis Technology announced the availability of a new multi-currency solution allowing merchant acquirers and processors to better manage and track merchant revenues and merchant payments. The new product, IST/Merchant Accounting System, provides merchant acquirers and processors with a comprehensive solution for processing merchant credit and debit transactions that require payment and settlement.
MAS gives acquirers and processors the flexibility to manage an unlimited number of merchant business models with highly specific service requirements and processing fee relationships. In addition to financial processing charges for sales, authorizations and charge-backs, MAS provides the flexibility to price transactions according to non-financial services such as point-of-sale terminal rentals, as well as seasonal fees and discount rates. The flexibility of tiered transaction pricing also lets processors price transactions according to volume, and increase or decrease service charges in accordance with volume fluctuations. To facilitate revenue tracking, MAS also interfaces to general ledger systems so merchants can better track revenue and accounting processes. To provide flexible support for a wide range of payment methods, MAS supports ACH and FEDWIRE.
The Royal Bank of Scotland released a survey that shows friendships as the most important thing in life (95-97%) even beating love (85-87%), and coming way ahead of money. On money and banks, 43% of the youngsters surveyed said they liked saving and 85% didn’t like the idea of debt though 45% admitted that they sometimes spent money without thinking. More than half (51%) of university students said that credit cards allowed them to buy things they otherwise couldn’t afford and 26% found they made shopping easier but a massive 74% thought that they could lead to unwanted debt.Details