Welcome Real-time today announced that Axiomatique International, its Asia/Pacific subsidiary, reached an agreement to install the company s XLSmart” loyalty application on all payment terminals that will be used with the new Malaysian Government Multi-Purpose Card known as MyKad. The result will be an infrastructure of XLSmart-ready payment terminals throughout Malaysia, making it easier for banks, merchants and other businesses to issue smart payment cards with the XLSmart loyalty application on them.

XLSmart is Welcome Real-time s open, multi-issuer business model for smart card-based loyalty programs using Welcome Real-time s popular XLS” loyalty system as the underlying technology. XLSmart is the brand and acceptance mark for the loyalty program. The branding concept can be likened to American Express, MasterCard and Visa, three of the most famous brands in the world, because it tells consumers where they can use their XLSmart card and what they can expect, which in this case is instant rewards from participating merchants and issuers.

The Axiomatique XLSmart loyalty solution in Malaysia will store “recency, frequency and monetary value” behavioral data on smart cards issued by program participants, where it can be dynamically updated at each transaction. Direct marketing software in the merchant’s point-of- sale terminal interacts with the behavioral data in the card to deliver targeted rewards. As the rules for giving out rewards are managed on the card and in the terminal, the cardholder can take advantage of them immediately. Costs are reduced because expenses associated with the processing and handling of redemption rewards can be eliminated.

Malaysia is indeed capable of delivering leading edge technologies of worldwide significance, and we at Axiomatique International are very proud to be associated with such an initiative, said Tai Toon Lim, CEO of Axiomatique. With XLSmart installed in the MyKad terminals, Malaysia will have the most cost effective, end-to-end loyalty solution available in this region.

Axiomatique International has been active in the Malaysian marketplace since 1998. Leading international banks in the Asia/Pacific region have chosen AI s loyalty software solution to grow their businesses through more effective marketing campaigns. With their recent merger with French-based loyalty solution provider, Welcome Real-time, they have now emerged as a worldwide leader with proven patented solutions.

Last April, the Malaysian government launched one of the most sophisticated smart card systems in the world, a national ID that also serves as a driver s license, passport and electronic purse. Officials plan for applications that will allow cardholders to securely perform banking and payment transactions, including utility bill payment and cash withdrawal from ATMs as well as digitally sign documents on the Internet.

About Welcome Real-time

Welcome Real-time s smart transaction platform enhances payment transactions with revenue boosting services such as instantly awarded loyalty points, coupons, punch cards, vouchers, tickets, and cash back — all in a single convenient payment process.

The company’s patents provide broad protection in Europe, North America and Asia. More than 17 patent applications cover the ability to dynamically manage services relating to entries, visits or cumulative spending at designated merchants, the ability to add and redeem e-coupons from a smart card, or the use of mobile phones and hand held devices to perform smart transactions.

Welcome Real-time is headquartered in Aix-en-Provence, France, with offices in Philadelphia and Singapore. For additional information please visit our Web site and


Fargo Ribbon Patent

Fargo Electronics, Inc. announced that it has received U.S. Patent 6,325,557 “Identification Code for Color Thermal Print Ribbon.” Fargo is a leading developer, manufacturer, and supplier of desktop systems that personalize and encode plastic identification cards for physical, information and transaction security.

“The new `557 patent covers important features of Fargo’s revolutionary, user-friendly RibbonTraq technology, which is incorporated into Fargo’s High Definition Printing and direct-to-card print ribbons,” said Jeffrey D. Upin, Fargo’s General Counsel.

“The RibbonTraq system uses a digital technique to detect distinct identification marks prior to each ribbon panel or frame on the ribbon. The system avoids printing errors by identifying the installed ribbon and alerting the user if the ribbon is not compatible with the card image to be printed,” Upin noted.

“In addition, the RibbonTraq marks are used to align each color panel for printing and to adjust the printhead controls for ribbon density and other variables. It also quickly calibrates the ribbon without scrolling through numerous ribbon panels, speeding production and eliminating waste. Traditional techniques in the industry have relied upon a single analog sensor to detect a change in color or density within a ribbon panel.

“This patent, which has also been filed overseas, will add to our strong and growing intellectual property portfolio. It further protects Fargo’s proprietary designs, and demonstrates our continued industry leadership in innovations which benefit the end user,” Upin said. “It also defends Fargo’s proprietary supplies, which are an important part of our business. We are very pleased with the patent, which will offer our product lines and distribution partners additional competitive strength.

“Fargo has been granted 18 U.S. patents and has over 50 patent applications pending, related to specific card printer technology such as lamination, card flipping, ribbon technology, High Definition Printing, dual input hoppers and output stackers. Our ability to bring such ideas to the card personalization market gives end users greater flexibility and leads ultimately to Fargo’s strength and growth in the marketplace,” Upin said.

About Fargo

Fargo Electronics, Inc. (NASDAQ:FRGO) is the world’s leader in innovative technologies for desktop plastic card personalization systems. Based in Eden Prairie, Minnesota, Fargo printing systems create personalized plastic identification cards complete with digital images and text, lamination, and electronically encoded information. Personalized identification cards provide physical, information and transaction security for a wide variety of applications including retail stores, e-commerce, government installations, schools, sports and recreation facilities, clubs and associations, and correctional facilities. More than 50,000 Fargo systems are currently installed throughout the U.S. and in over 100 other countries. For more information, visit Fargo’s Web site at [][1].




Amongst the many forecasts in the markets today, all of it rings the same
message: that smart cards are here to stay! Despite worries in the last years
of the impact of the regional economic turmoil, the Asian Pacific smart cards
market remains vibrant and kicking.

What is impressive about the region is not only the number of cards sold –
estimated to have been 150 million in 1999, but more of the market share the
region holds in terms of revenue generated over 17 percent of the worldwide
revenues for the smart cards market, coming in second after Europe with 70
percent and washing out Latin America’s 7 percent market share. Analysts are
forecasting that by 2004, the Asia Pacific region will command at least a
quarter of the revenue market shares worldwide, with China itself commanding
nearly a third of that market.

Statistics estimate that 91.6 % of card volumes in the region are from
telco-application segment, the SIM potential being the biggest highlight for
this era where mobile penetration exceeds expectations.
However, the governmental initiatives and the banking and finance sectors
take the lead when it comes to the various innovations and applications
possible in the field of smart technology.

With the roll-out of smart cards in Asia Pacific accelerating, consumer demand
for personalized smart technology has since increased at an unprecedented

At the end of the day, the real winners will be the service providers and end
users. These segments of people will not only get cards that cost three times
more inexpensive, but also cards that perform five times better in terms of
security and performance capability. Such dramatic changes in price and
performance can only serve to benefit the smart card industry in the region as
a whole.

To be a part of this industry in these exciting times, from 16 to 18 April, we
are gathering some of the finest smart cards experts and industry leaders to
present at the well-established Cards Asia 2002 conference on how hot smart
cards really are and what are the many implications for Asia.

Some hot topics that will be discussed at the conference are:
EMV Standards
Biometrics / Security
Multi-Application Cards
Smart Card Platforms
Case studies on governmental initiatives & for the banking and finance sector
Public Key Infrastructure & Digital Certificates
SIM Toolkit & Interoperability
Wireless technology & M-Commerce innovations

Key speakers at this forum include:

Dr Marc Lassus Chairman, Gemplus Associates International
Masahiro Omoto – Senior Vice President & Head of IC Strategy Division, JCB
International Co. Ltd
Shuan Ghaidan Vice President, Advanced Payment System, MasterCard
Asia Pacific
Alan Johnson Technical Director, MAOSCO Limited
Bertrand du Castel Chairman, Java Card Forum – Technical Committee
Koh Jin-Kit – Director Chip Migration, Visa International
Thomas Kraft – Member of Board of SIM Alliance

The Cards Asia 2002 programme is also available on our website:


CardinalCommerce & CIC Partner

Communication Intelligence Corporation, the leader in electronic signature, biometric verification and natural input solutions and CardinalCommerce Corporation, architects of a proprietary Payment Authentication Platform, announced today a strategic partnership agreement through which CIC’s biometric signature verification technology will be integrated into CardinalCommerce’s Payment Authentication Platform.

Through this agreement, CIC will provide its iSign Software Development Kit (SDK) which CardinalCommerce will use to incorporate CIC’s biometrically verifiable signature technology into its Authentication Platform. With its “Verified by VISA” compliance testing completed, and MasterCard International’s Secure Payment Application (SPA) underway, Cardinal’s Payment Authentication Platform will be the first to deliver practical solutions for biometrically verified and authenticated transactions across the Internet.

“By combining the universally accepted practice of signing one’s name with the identification capabilities of our biometric technologies, CardinalCommerce and CIC will offer financial institutions, retailers and consumers the most secure and effective solution available for on line transactions,” said Guido DiGregorio, CIC’s President and CEO. “This partnership will significantly reduce charge back costs borne by merchants and cardholders resulting from fraudulent card usage.”

Although many solutions for Internet security exist today, the majority of these rely upon passwords and PINs to authenticate users. iSign delivers the capability to use the most widely accepted form of traditional authentication — your signature. For transactions that require instantaneous fraud detection and prevention via user authentication, iSign also provides real time verification of the customer’s signature based on the biometric qualities and characteristics of the signature.

“Customers and merchants are demanding changes that will make credit card transactions over the Internet a virtually fraud-free business environment,” said Michael A. Keresman, III, CEO for CardinalCommerce. “Given our to date successes, we are confident that in Q1 of this year, Cardinal Commerce and CIC will execute the first ‘live’ 3-D Secure transaction to be biometrically verified across the Internet.”

About iSign — The product is designed to enable the implementation of electronic signatures in Business to Consumer or Business to Business e-Commerce applications over the Internet and corporate Intranets. The iSign solution will allow on-line services and businesses to reduce operating expenses associated with processing and handling of paper documents. Transaction examples include online purchase receipts, account applications, loan documents, contracts and insurance forms. iSign is designed for use with most pen tablets including Wacom, Interlink and Topaz as well as Palm organizers and touch screens. For more detail information about iSign please visit our website at [][1].

About CIC

Communication Intelligence Corporation is the leading supplier of electronic signature, biometric security and natural input solutions focused on emerging, fast growth, applications including paperless workflow, smart wireless devices and e-Commerce enabling the world with “The Power to Sign Online(TM)”. The Company’s core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural messaging, and operating system extensions that enable pen input. CIC’s products are designed to increase the ease of use, functionality, and security of electronic devices and e-business processes. CIC sells direct to OEMs and Enterprises. Products are also available through major retail outlets such as, CompUSA, Staples, OfficeMax, Office Depot, key integration partners and direct via [][2]. Industry leaders such as Ericsson, Fujitsu, Hitachi, Microsoft, Siebel Systems, Electronic Data Systems (EDS), IBM, Charles Schwab and Prudential have licensed the company’s technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit website [][3]

About CardinalCommerce Corporation

Cardinal Commerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal’s proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. For more information, visit [][4].




Europay International branded cards (Eurocard-MasterCard, Maestro and Cirrus)
hit record ATM (automated teller machine) and POS (point-of-sale) transaction
levels yesterday, as cardholders across all 12 eurozone countries used their
cards as the easiest way to pay with the world’s newest currency.

Whilst ATM transaction figures in Europe were up 146% on 1st January last
to reach 492,340, consumers paying in euros for their new year festivities
(such as restaurants and hotels) chose to do so with their Eurocard-MasterCard
credit and Maestro debit cards. 740,280 MasterCard and Maestro payments were
authorised across Europe, up 20% on the same day last year*.
“Everyone’s talking about yesterday being ‘day one of the euro’, but for
Europay International, it was our 1,097th day of dealing with euro
transactions”, said Dominique Bichut, Europay Euro Programme Co-ordinator.
“Since January 1999, card payments have been possible with the euro, and in
this three-year transition period, we’ve processed more than 18 million euro
transactions. This represents, on average, 1% of our overall traffic up until
September 2001. Since then, we’ve seen the number of euro transactions
rise by
40% each month as retailers dramatically started to migrate their business to

“We’ve now had the excitement of seeing our euro migration programme
implemented, enabling an efficient distribution of the euro notes through the
vast cash machine network in the 12 countries (over 221,000 ATMs). In
partnership with our Member banks in the eurozone, we helped to facilitate the
speedy distribution of the new euro bank notes.”
The introduction of the world’s newest currency has been of particular
importance to Europay International, with the more public side of the
efforts highlighted by the multi-million euro advertising campaigns for both
its credit and debit brands, Eurocard-MasterCard and Maestro. Launched in
December last year, this saw the roll-out of print and poster advertising
illustrating the role of the card as the world’s most accessible, portable and
user-friendly ‘euro converter’.

“The campaign has really underlined our brand value as the consumer’s best
when it comes to euro payments”, said Arjen Kruger, Head of Brand Marketing at
Europay International. “With consumers so wary of the new change in their
pocket, both credit and debit cards provide the guarantee that the price
is the price they pay.”
The security offered by credit and debit cards is invaluable, with additional
benefits being;

· No change required so no confusion

· Full record of the payment via the statement from the bank

· Eurocard-MasterCard acceptance high across all euro-zone countries (close
to 5
million merchants now accept Eurocard-MasterCard cards in Europe)

· 194 million European cardholders able to benefit both at home and abroad
Maestro, Europe’s leading debit card brand

· Faster payments (with card payment only lanes in supermarkets for example,
transactions will be even quicker and hassle free).
“It’s fitting that one of our award-winning Priceless advertising commercials,
duly converted into euros, was one of the first to be broadcast on European
television just minutes into the 1st January”, added Arjen Kruger. “It’s
our way
of saying we’re ready for the euro and to highlight that Europay and
branded cards will remove any confusion or stress for our cardholders from the
euro roll-out.”


Digital Acquisition

Digital Insight Corp. has entered into a definitive agreement to acquire Virtual Financial Services, Inc., a privately owned company based in Indianapolis. VIFI is an application service provider with more than 425,000 Internet banking active end-users as of Dec 31 and has over 150 client financial institutions. As consideration for the transaction, Digital Insight will pay a combination of Digital Insight common stock, $3.75 million in cash and a promissory note for $3.75 million based on a $51 million total enterprise value.



China Construction Bank has selected
Teradata, a division of NCR Corporation, to build the first
enterprise data warehouse in China’s banking history.

The bank is hoping to accelerate the modernization of China’s banking
industry and raise competitiveness by adopting Teradata’s leading enterprise
data warehousing technology.

The first phase of the project will centralize all the bank’s data across
business functions and branches. The system also relies on the Teradata(R)
data warehouse to develop related applications such as customer relationship
management and Teradata Value Analyzer to analyze customer profitability.

China Construction Bank selected Teradata after testing and evaluating
several multinational vendors at the initial planning stage. Teradata
enterprise data warehousing solutions were found to provide unparalleled
analytical power and high scalability of massively parallel-processing
servers. Teradata was also chosen for its extensive experience in the
financial services sector and the customization of Teradata’s solutions for
the China market.

“Teradata enterprise data warehousing solutions have been selected by
25 of the world’s top 100 banks,” said Cliff Wu, vice president and managing
director of Teradata, Greater China. “Teradata’s expertise in the global
banking industry will offer the strongest support to the modernization of
China Construction Bank’s infrastructure.”

According to Randy Wang, general manager of NCR Teradata China, “China’s
entry into the World Trade Organization will bring significant challenges to
China’s financial industry. Many leading banks have planned to build their own
management information systems, and China Construction Bank will be a model
for them to follow. Teradata will offer the world’s best data warehousing
experts to ensure that this project is implemented smoothly.”

The China Construction Bank project is the third terabyte-class enterprise
data warehousing project that Teradata is implementing in mainland China,
which further indicates Teradata’s bright future in developing the data
warehouse market. Teradata has also helped Shanghai Securities Central
Clearance and Registration Company and TravelSky Technology Limited in China.

About China Construction Bank

China Construction Bank (CCB) is the third-largest state-owned commercial
bank in China, with business focusing on medium- and long-term lending.
Headquartered in Beijing, CCB conducts operations across the territory of
China with more than 20,000 branches as well as in major international
financial centers including Hong Kong, London, New York, Frankfort, Tokyo,
Singapore and Seoul. Fortune global 500 ranked CCB as the 53rd largest
commercial bank in the world with US$12,616 million revenue in 2000.

About Teradata Division

Teradata, a division of NCR Corporation, offers powerful analytical
solutions that help businesses drive growth. Teradata solutions include the
Teradata database, and analytical applications for customer relationship
management, operations and financial management, business performance
management and e-business. To learn more about Teradata Division and its
solutions, go to

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide. NCR’s Relationship
Technology solutions include the Teradata(R) database and analytical
applications such as customer relationship management (CRM) and demand chain
management, store automation systems and automated teller machines (ATMs).
The company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs
32,900 people in more than 100 countries, and is a component stock of the
Standard & Poor’s 500 Index. More information about NCR and its solutions may
be found at


Cardservice Deal

First Data confirmed Wednesday it has acquired the remaining 50% ownership interest in Cardservice International. FDC has been providing merchant processing services for Cardservice since its inception in 1988. Cardservice International, based in Moorpark, CA, employs 800 people and utilizes a network of 2,500 independent sales representatives. Cardservice will continue to serve clients under the Cardservice brand in the market segments in which it operates. Chuck Burtzloff, founder and past president of Cardservice International, will remain at the helm. Since 1997, First Data has held a 50% ownership interest in Cardservice International.



Gemplus, the world’s number one provider
of solutions empowered by smart cards, announces the selection of their R-UIM
card, GemXplore World, for the first launch of a card-based CDMA network.
Unicom chose Gemplus because they are the technology leader with proven
expertise in GSM and are active in developing smart cards for CDMA.
The launch of smart cards for CDMA networks enables enhanced security features
and value-added service provisioning for wireless carriers. It also
international roaming and handset upgrading by separating the subscription
the terminal. Gemplus is universally recognized as the leader in providing
smart card technology for mobile telephony and was the first to market with a

Gemplus has played a fundamental role in the development and deployment of
China Unicom’s card based CDMA network. The two industry leaders have been
working towards this since early 2000 and have been testing the cards in the
live network with Unicom-approved handset manufacturers to ensure

Gemplus’ dedicated team for CDMA has been working closely with China Unicom on
this project in order to ensure the best possible service for their
subscribers. The UIM incorporates CDMA Application Toolkit to enable the
end-user to benefit from UIM-based value-added services.
“China Unicom recognizes and greatly appreciates the strong support and
invaluable know-how that Gemplus has provided for the implementation of UIM /
Card Application Toolkit and launch of our commercial network. This
card-based CDMA network is our strategy to target the high-end market segment
by bringing better and more services to users,” said Mr. Zhang Fan, general
manager, China Unicom Mobile Communication Division.
“This project means a lot to Gemplus in terms of breaking into the CDMA market
place. Working with Unicom has given us the edge we need to take the
forward. It has been quite an experience — only equaled by the
introduction of
the SIM to GSM,” states Philippe Vallee, vice president of marketing, Telecom
Business Unit, Gemplus.

In addition, Gemplus actively supports the CDMA Development Group and 3GPP2 to
ensure that the cards are compliant with the latest standards releases.
is also the only non-Chinese smart card company participating in the China
Wireless Telecommunications Standards (CWTS) to contribute to UIM related
standards for CDMA.

GEMPLUS: the world’s number one provider of solutions empowered by Smart
Gemplus helps its clients offer an exceptional range of portable, personalized
solutions that bring security and convenience to people’s lives. These include
mobile internet access, inter-operable banking facilities, e-commerce and a
wealth of other applications. Gemplus is the only completely dedicated, truly
global player in the Smart Card industry, with the largest R&D team,
experience, and an outstanding track record of technological innovation.
Gemplus trades its shares on Euronext Paris S.A. First Market and on the
Stock Market as GEMP in the form of ADSs. Its revenue in 2000 was 1.205
Euros. It employs 7200 people in 37 countries throughout the world.


CyberSource Downsizes

CyberSource announced it is reducing its workforce by approximately 70 employees, and consolidating facilities within its Mountain View, CA-based headquarters. As part of the headcount reduction, James Buckley, CFO, will be leaving the company at the end of January. Mr. Buckley will be replaced by Steve Pellizzer who has been promoted to VP of Finance from Corporate Controller. Since November the company has cut 100 jobs. The company recently completed projects to increase the capacity of its transaction services, improve the customer reporting systems and introduced a Sun Solaris version of its ‘Payment Manager’ software.



General Electric announced the appointment of three company officers. Jeffrey Malehorn, 40, has been named Chief Executive Officer of GE Capital Global Financial Restructuring. Glen A. Messina, 40, has been named Vice President & CFO of Card Services at GE Capital. Roger N. Seager, 51, has been named Vice President of Marketing & Sales at GE Aircraft Engines. Jeffrey Malehorn has been Senior Vice President and Managing Director, Europe at GE Capital Real Estate since January 1999. He will serve as Chief Executive Officer for GE Capital’s new Global Financial Restructuring business, based in Tokyo, Japan.

Malehorn joined GE in 1984 in the Financial Management Program. During his 17-year GE career, he led GE Capital Real Estate’s U.S. Debt and Equity Originations, founded the Specialized Industries Group and held positions in new business and process development, operations management and portfolio management. He holds a bachelor’s degree in Finance from Pennsylvania State University.

Glen A. Messina has been CFO of TIP/Modular Space for the past nine months. Prior to joining TIP/Modular Space, Messina was Senior Vice President, Strategic Initiatives for Card Services.

Messina will serve as Vice President & CFO of Card Services at GE Capital effective January 14, 2002. He holds a bachelor’s degree in marketing from Ramapo College and a master’s degree in business administration in finance from Fairleigh Dickinson University.

Roger N. Seager joined GE in 1979 as a design engineer for the CF6-50 engine program. He was promoted to Manager, CF6 Military Field programs in 1980, and then held a series of leadership positions in the T700 program before being named Director, T700 International Programs and Advanced Applications, in 1991.

Seager was named General Manager, Military Market Development in 1995. As Vice President of Marketing & Sales at GE Aircraft Engines, Seager will report to Dave Calhoun, President and Chief Executive Officer of GE Aircraft Engines. He holds a bachelor’s degree in aeronautical engineering from Southampton University.

GE (NYSE: GE) is a diversified services, technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. For more information, visit the Company’s website at [][1].



EBPP Education

According to a new report from Forrester Research, the slow adoption of EBPP services is the result of a lack of understanding among consumers for online bill paying and bill-viewing services. Yesterday, MasterCard’s ‘Remote Payment and Presentment Service’ launched a new campaign to raise public awareness of EBPP services. The campaign includes the publication of a full-color consumer brochure. The brochure is available to participating financial institutions and service providers of MasterCard ‘RPPS’ in an electronic version that may be placed on their Web sites with permission. A detailed Q&A section addresses common consumer questions about service functionality, availability, and fees, as well as enrollment procedures and security. Consumers can receive a free copy of the brochure by calling toll-free or by sending an e-mail request. Jupiter Media Metrix says the number of households receiving bills electronically as well as paying them online is projected to rise to more than 40 million by 2005 from less than 3 million this year.