Parking Market

SchlumbergerSema continues to make strides in the USA with payment and management solutions for on-street parking. This week the firm announced the delivery of 240 additional DGClassic Pay & Display parking terminals to the City of New York, increasing its total installed base in the City to 900 terminals. The terminals will be deployed in a newly created metered parking area specifically designed for commercial vehicles in Midtown Manhattan. By replacing existing single-space meters with SchlumbergerSema DGClassic Pay & Display terminals, the city expects to provide up to 200 additional metered parking spaces in Midtown Manhattan. Meanwhile, SchlumbergerSema has delivered and installed a parking garage control system to the city of Aspen to support the convenience of multiple payment options through an automated 24-hour solution. The company currently has an installed base of 2,800 units controlling over 100,000 spaces in cities across the U.S. and Canada, including Chicago; Toronto, Canada; Aspen and Denver; Ft. Lauderdale and Hollywood, Florida; the San Francisco Bay Area; Park City, Utah; Portland, Oregon, and other metropolitan areas. Globally, its systems control over two million parking spaces in more than 3,000 cities and 40 countries.

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AEROGOLD EXPANSION

Toronto-based Advantex Marketing International has signed an agreement with CIBC to expand the CIBC Aerogold ADVANTEX Benefit program beyond its current merchant categories. Advantex and CIBC Aerogold VISA card have worked together for six years ad will now develop new loyalty programs for additional selected card portfolios. Advantex owns and operates the CIBC Aerogold ADVANTEX Benefit program. The program is a fully integrated feature of the CIBC Aerogold VISA credit card, enabling cardholders to automatically earn Bonus Aeroplan Miles when making purchases at hundreds of participating merchants.

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Disney Deal

VISA and Bank One confirmed Tuesday they have inked multi-year deals with The Walt Disney Company. Bank One will develop the first ever Disney-branded VISA card with Disney rewards and VISA will create exclusive card promotions with Disney’s theme parks and resorts in the USA and Europe. The alliances will begin January 2003, with both the card and cooperative marketing initiatives expected to be launched in the first half of 2003. Disney has had a long term association with American Express. In 1997, Disney became a global partner in the American Express Membership Rewards program. VISA said as part of its upcoming Disney relationship it will continue to be a major advertiser on Disney’s media properties, such as ABC Television Network, ESPN, ABC Family, SoapNet and ABC Radio Networks. Bank One says initially, the card will be offered only in the USA. Cardholders will accrue rewards from all purchases on the card and monthly statements will provide special Disney promotions for card members, and the latest Disney news and updates on rewards earned. Details on the rewards program and card pricing were not available. Disney recently signed a pact with Home Depot to develop a line of Disney-branded paints. Home Depot, like VISA, agreed to buy more than $100 million in ads on Disney media properties. (CF Library 5/22/97)

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HITACHI FELICA

Sony’s FeliCa contactless smart card technology has been adopted by Hitachi. Contactless smart card systems using FeliCa technology have been used for electronic transportation ticket of railroads and buses in domestic and overseas market; low value store purchases, and for ID cards. Hitachi says it will ship FeliCa-based cards in December. Hitachi has already commercialized “AE-3 Series” with 8-bit CPU core and “AE-4 Series” with 16-bit CPU core as a microcomputer for smart cards. Hitachi has also obtained “ISO 15408” certification for its IT products. In November, Infineon Technologies and Sony announced that they would jointly develop secure integrated circuits for contactless chip card systems.

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DoD CAC Cards

SchlumbergerSema says it has delivered the one millionth FIPS 140-1 Level 2 certified Cyberflex Access 32K smart card to the Department of Defense Common Access Card program. Since it developed the first Java-based smart card in 1996, SchlumbergerSema has sold over 100 million of its Java-based smart cards. The CAC enables physical identification, logical access for secure logon to secure networks, and secure email and privilege-based access to networks and databases.

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NBS & SILONE MAGCARD

Silone MagCard, Inc. has signed an exclusive distribution agreement for NBS Card Technology’s smart card personalization solutions in China. Silone has been selling NBS card issuance products in China for the past eight years. NBS, a division of Canada’s MIST Inc., also announced it has established a support office in Shenzhen. Silone Magcard Inc. is a privately held company with headquarters in San Jose, California, and offices in Shenzhen and Beijing.

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AmEx & USTA

American Express and the USTA have signed a multi-year renewal of for sponsorship of the US Open under which American Express will continue as the Official Card of the US Open and will offer AmEx cardholders an opportunity to purchase 2002 US Open tickets prior to public sale. Additional components of American Express’ US Open sponsorship, which dates back to 1994, include an extensive multi-media US Open-themed advertising campaign, title sponsorship of the American Express Skills Challenge event on Arthur Ashe Kids’ Day presented by Aetna, special ticket-purchasing opportunities for Cardmembers, an onsite and online collectible “Gift with Purchase” program, on-site American Express Guest Information Booths providing exclusive Cardmember services along with general tournament information, a premium giveaway to all attendees on American Express Day (Sept. 2), a US Open ticket sweepstakes, and other select Cardmember benefits.

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MONEY TRANSFERS

Australia Post has signed a multi-year contract with Western Union Financial Services to begin offering money transfer services in each of its approximately 3000 on-line locations by the end of this year. Australia Post currently issues Western Union International Money Orders. In addition to providing general postal services, Australia Post offers its customers a wide variety of financial services, including bill payment,
banking and domestic and international money orders. Australia Post locations service more than a million customers each day. Western Union has similar alliances with nearly 70 postal organizations worldwide.

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Updated Outlook

eFunds said Tuesday that revenue and earnings for its second quarter will be below the Company’s previous expectations. Revenue for the second quarter is now expected to be in the range of $130 million to $134 million. The Company says a combination of longer than expected sales cycles, economic and political uncertainties, delayed buying decisions and product cancellations, have contributed to the decline. The company also announced that CFO Paul Bristow will be leaving on June 30. The Company also announced that, in anticipation of CEO Gus Blanchard’s previously disclosed retirement plans, it has hired Korn/Ferry International to assist in finding a successor. For details on eFunds latest performance visit CardData ([www.carddata.com][1]).

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

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Negative Outlook

Economic uncertainties, increased unemployment, elevated levels of household debt service requirements, and expectations of future increases in interest rates, continue to be major concerns for the credit card industry. Standard & Poor’s said yesterday its long-term outlook for the sector remains negative despite profitability and seemingly manageable charge-off levels at most lenders. Most card companies continue to benefit from the low interest rate environment and remain profitable. The exceptions are certain subprime monoline lenders whose problems stem from too-rapid growth and weak lending standards. Most credit card companies have predicted that charge-offs will continue to rise and peak in 2002. S&P says card companies are seeing early signs of relief as delinquency roll rates indicate future improvement, hopefully meaning that the worst is over. However S&P notes that continued increases in unemployment rates, rising interest rates, and the leveling out of growth (and subsequent seasoning of portfolios) at the more aggressive companies each has the potential to create greater problems for the industry.

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2GO Card Ads

Discover said yesterday it will begin to air a new television ad highlighting the new Discover 2GO Card in late June. Discover also started airing new Cashback Bonus award spots this week in a new advertising campaign, created by San Francisco-based Goodby, Silverstein & Partners. Discover says it recently redesigned its Cashback Bonus program to give cardholders more options over how they use their award. Cardholders can now redeem their award in $20 increments at any time, once they’ve accrued $20 or more. They can also build their award over time, and can double their award with participating merchants. The new advertising campaign plays off the”It Pays to Discover” tagline. The ads will continue to air on the NBA finals on NBC, Primetime, Early Morning News, Cable Networks and Syndication for the balance of 2002. In addition to its new television advertising, Discover Card’s magazine print campaign, which now features more than 30 merchants, now promotes the Cashback Bonus award program. The print campaign now carries the “It Pays to Discover” tagline and is featuring merchant partners where cardholders can double their Cashback Bonus award. (CF Library 3/21/02)

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** Advertiser: Discover Title: Discover “Four Boys”**

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[2]: /cardwatch/movies/qt/fourboys_dc.mov
[3]: http://www.cardweb.com/graphic/players/windowsmedia_sm200.gif
[4]: /cardwatch/movies/wm/fourboys_dc.wmv
[5]: http://www.cardweb.com/graphic/players/real_sm200.gif
[6]: http://www.cardweb.com:8080/movies/fourboys_dc.rm
[7]: http://www.cardweb.com/graphic/players/quicktime_sm400.gif
[8]: /cardwatch/movies/qt/fourboys_t1.mov
[9]: http://www.cardweb.com/graphic/players/windowsmedia_sm400.gif
[10]: /cardwatch/movies/wm/fourboys_t1.wmv
[11]: http://www.cardweb.com/graphic/players/real_sm400.gif
[12]: http://www.cardweb.com:8080/movies/fourboys_t1.rm

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