GraphiCard Client

Visible Results USA reported yesterday that a chainwide rollout of a program using its loyalty card technology has initially produced more than 30,000 consumer users. VA-based Miller’s Neighborhood Market has launched a chainwide rollout of ‘Miller’s Rewards’, a new loyalty program based on Visible’s ‘GraphiCard’ loyalty card technology and CRM system. The re-writeable card, which can be used for convenience store and gasoline purchases, is being implemented in all 52 of Miller’s corporate-owned stores in Virginia. Current vendor partners include Pepsi-Cola, the Coca-Cola Company, Red Bull, Tropicana, Gatorade, Hershey, Jack Link meat snacks, and Bon Apetit. The card uses a thermo-chromic process which enables the front of the card to display points accrued through the most recent purchase, along with other personalized data designed to pique consumers’ interest.



SCM Microsystems, Inc., a leading provider of
solutions that open the Digital World, announced it has signed an
agreement with Switzerland’s City Card Systems AG to deliver 10,000 terminals
designed for merchant loyalty programs using smart cards. Initial shipments of
the SCM retail terminals began in Q1. The use of smart cards in the retail
environment and programs aimed at rewarding loyal customers are both fast
growing trends. With this contract, SCM broadens and strengthens its position
as a leading supplier of the end user infrastructure that enables smart cards

City Card Systems AG, based in Basel, Switzerland, provides small and
midsize retail businesses a low-cost and easy-to-customize solution to
implement their own professional customer loyalty programs. City Card provides
merchants everything they need to make the program successful, including:

— loyalty cards for distribution to business patrons;
— software applications that award and track loyalty points;
— marketing material to promote individual loyalty programs and
redemption schemes; and
— SCM’s retail card terminals that provide the mechanism for consumers to
collect, review and redeem points they have earned through the program.

Merchants can customize all aspects of the loyalty card, from graphical
design to the features the card will enable, such as reward value and
redemption. Information collected through the program can be used by merchants
to build customer databases, forecast orders and plan promotional campaigns,
much like a Customer Relation Management (CRM) system. City Card will market
its program worldwide through regional franchise opportunities.

“City Card provides small and midsize businesses with a professional and
affordable solution to launch their own loyalty programs, allowing them to
compete in more innovative ways,” said Robert Schneider, founder and chief
executive officer of SCM Microsystems. “For SCM, the cooperation with City
Card is very important because it allows us to work with an innovative company
to develop and deliver new solutions that address emerging applications for
smart cards.”

“We have put together a package that provides the resources, expertise and
support needed to create successful loyalty schemes, and SCM’s terminals are
important part of our solution,” said Andreas Wilk, General Manager of City
Card Systems AG. “Besides being very reliable and cost-effective, SCM’s
terminals address all the technology requirements the retail environment
needs. In particular, we like the fact that SCM’s terminals provide a flexible
platform that allows us to easily port our loyalty applications, and to
upgrade those applications in the field.”

The terminal that SCM will supply to City Card was designed specifically
to enable and leverage multifunctional smart cards applications in a retail
environment. It is programmable and can be connected through a modem to a
telephone or through a serial port to the cash register or PC or can be used
in standalone mode. The terminal’s design facilitates rapid transactions for
management of bonus points awarded through merchant loyalty programs as well
as downloading of new applications and programs. In addition, SCM is also
providing a Software Development Kit that allows City Card and their franchise
partners to easily port, further develop and extend their application on SCM’s

About City Card Systems AG

The company, based in Basel, Switzerland, was founded in 2001 and is
focused on developing and implementing the “City Card” loyalty system for
small and midsize retail companies. Based on a franchise model, the City Card
system will be marketed throughout Switzerland and the German speaking
countries within Europe. City Card Systems AG is responsible for settlement,
marketing and communication for its franchises. Further information is
available at

About SCM Microsystems

SCM Microsystems is a leading supplier of solutions that open the Digital
World by enabling people to conveniently access digital content and services.
SCM’s advanced silicon solutions, hardware and software enable secure exchange
of electronic information for digital applications from e-commerce to
broadband content delivery by providing controlled access points to platforms
such as PCs, digital cameras, and digital television set-top boxes. Known as a
premier supplier to OEM companies around the world, SCM also serves the retail
market through its Dazzle and Microtech product brands. Global headquarters
are in Fremont, Calif., with European headquarters in Munich, Germany. For
additional information, visit the SCM Microsystems Website at


iPad Launched

Fujitsu Transaction Solutions will unveil a powerful handheld computer next week which combines retailing and card payment technologies with Microsoft ‘Windows CE .NET’ operating system. At 10 ounces, the featherweight ‘iPAD’ combines scanner, magnetic-card and smart-card reader, and keypad with encryption and wireless capabilities. The ‘iPAD’ can be used for inventory management, debit transactions, price verifications, phone calls, line busting, mobile POS, and gift registry. It uses an Intel processor and can support any 802.11b wireless LAN infrastructure. With ‘Windows CE .NET’, the ‘iPAD’ will support both XML and VoIP. The new handheld will be available to retailers by summer.


Allcharge Funding

AllCharge, the provider of a technology to monetize digital content, announced the recent closing of a $3.4 million Series A/B Preferred funding round.

The round was led by VAL Investment Group, LLC, an affiliate of Verticality Investment Group, LLC, and also included other existing AllCharge investors. AllCharge will use the new funding to expand the market penetration of its online payment solution, which lets merchants sell any type and amount of digital content while allowing consumers to pay virtually any way they wish. In addition to intensifying its marketing and sales efforts, AllCharge will invest in ongoing product enhancements and customer care.

“As content monetization is becoming key in the effort to turn the Internet into a profitable business space, our flexible payment platform, designed specifically for digital commerce, is facing an explosion in demand,” says Jakob Schwerdt, president and CEO of AllCharge. “With this recent investment, we are ready to respond to the exciting market opportunities and quickly move toward profitability.”

“Despite a general decline of investments in the Internet sector, we still see great interest in companies that have a clear path to profitability, and that offer premium infrastructure products and services,” says Sholem Greenbaum, a principal of VAL. “With its visionary strategy, its solid product, and its experienced management team, AllCharge is such a company, geared to succeed in the promising online content industry.”

About AllCharge

Founded in 2000, AllCharge provides a sophisticated e-payment technology. The system allows merchants to price and sell any type of digital content, and consumers to purchase any amount of premium content, using their preferred payment channel. AllCharge supports all payment methods, pricing models, and digital content purchases. The company is headquartered in New York City, and maintains extensive R&D facilities in Tel Aviv, Israel. For more information, visit [][1].

About VAL Investment Group LLC

VAL Investment Group, an affiliate of the Verticality Investment Group, is a venture capital management company that focuses on investment in private technology companies, generally those involved in hardware and software development focusing on the Internet, programming tools, development environments, and programming languages. For more information, call Ronny Apfel at 201/656-9253 or Sholem Greenbaum at 212/266-9269 or visit the web site at [][2].



Olympic Reunion Center

Four-time Olympian, HSH Prince Albert of Monaco, recently announced program details for the Visa Olympians Reunion Center and invited all Olympic Alumni to enjoy ongoing hospitality during their visit to the Olympic Games in Salt Lake City. “Olympians from around the world will have a place of their own — to gather, renew old friendships and share their unique experiences,” he said. “The Visa Olympians Reunion Center has served importantly to promote the Olympic spirit and ideals.” Prince Albert is the International Spokesperson for the Center.

The Visa Olympians Reunion Center will celebrate its Grand Opening with a special program on February 7, and will begin daily operations on February 8, with hours from 2:00 p.m. until midnight throughout the Games.

Designed expressly for the use of Olympic Alumni, the Visa Olympians Reunion Center was first developed for the 1996 Games in Atlanta and served again, in Sydney, to enhance the Games experience of all visiting Olympians. More than 2,700 individual Olympians visited the Sydney Center. Now part of an Olympic tradition, the Salt Lake Visa Olympians Reunion Center will be the first at an Olympic Winter Games. The program is based on a partnership between the IOC, the World Olympians Association, the U.S. Olympic Committee and Visa, the founding partner.

With its downtown location in the Salt Lake Hardware Building, adjacent to the Olympic Medals Plaza, it will be a lively place for the world’s Olympians to congregate and enjoy hospitality. The Visa Olympians Reunion Center, as a communications focal point, will serve as a focal point for Olympians to enjoy the full range of Olympic family activities.

“The Visa Olympians Reunion Center is a critical part of our focus during each Olympic Games,” remarked Liston Bochette, three-time Olympian and Secretary General of the World Olympians Association (WOA), the international alumni organization founded by the International Olympic Committee. “We are making great strides in expanding every Olympians opportunity to participate within the Olympic family and continue to impact the movement productively. We are very grateful to Visa for its ongoing commitment to the Olympic movement, and in particular for this program which has benefited thousands of Olympians since its inception at the 1996 Atlanta Games.”

Olympians are invited to pre-register for the Visa Olympians Reunion Center on the Internet by going to the World Olympians Association website at . They will be able to get updated information on the reunion center program and other activities of the World Olympians Association.


Priceless Holidays

MasterCard reported this week that card volume during the holiday shopping season was up 20% over 2000. MasterCard says overall retail dollar volumes increased 18.3% while grocery store volumes grew 32.8%. Department store volumes grew 9.3% while discount store volumes were up 13.8%. Travel and Entertainment volumes logged a 14.6% increase with airline spending up 2.3%, restaurant volumes up 27.1%, as hotel and rental car growth remained flat. MasterCard noted that average ticket price for purchases has dropped approximately three percent, due to slower T&E growth and a slower economy.


ATM Manager 5.0

MA-based e-ClassicSystems has released version 5.0 of its ‘ATM Manager Pro’ software suite. Introduced in May 2000, the software now manages the operations of more than 46,000 ATMs worldwide. Version 5.0 offers statistical and financial accounting for financial institutions that allow other banks’ cardholders to withdraw cash surcharge-free in their network. The new version also offers statistical and financial accounting to measure the EBT usage at each location and its corresponding impact on interchange fees. Other features include the ability to nest multiple events, analyze special trends, and support for multiple media types in terminals.



Millions of customers heralded
the new year by withdrawing crisp new euro notes from an NCR Corporation
automated teller machine. With bank branches closed for the
holiday, the ATM became the focus of those eager to acquire and spend the new
currency. On an average day, customers use an ATM for around 70 percent of
their cash requirements. This was no average day, however, with cash
withdrawals reaching exceptional levels.

As the clear ATM market leader in Europe, NCR had a crucial role to play
in ensuring the introduction of the euro was a painless experience for the
person on the street. NCR operates 50 percent of the 200,000 ATM machines in
the euro zone.

Distribution of the new euro currency from NCR ATMs has passed without
major incident. The company’s euro command center, set up to monitor the
smooth running of NCR’s products across the euro zone and coordinate the
deployment of engineers, reports that service calls during the changeover
period were in line with expectations for the level of transactions processed.

“Taking cash out of an ATM is now something we all take for granted,
whatever the currency unit. This was a vast undertaking and a lot of planning
went into the achievement of a smooth changeover,” said Simon Rubin, NCR
Financial Solutions division’s vice president of marketing for Europe, Africa
and the Middle East. “We began planning for what has been dubbed ‘e-day’ back
in 1996, and have been working with our customers to ensure their software and
hardware is euro-compliant.”

ATMs have been the main means of access to the euro. Around 50 percent of
euro notes have already been put into circulation and the European Central
Bank has stated that in some countries the demand for notes was up to four
times the level for a typical New Year’s Day.

“In the Netherlands alone our machines processed 2.5 million transactions
on January 1,” said Rubin, “and it has been reported that at peak times the
network was processing 23 transactions per second.”

Throughout the euro zone around 96 percent of ATMs are now dispensing
euros. In Germany, Belgium, the Netherlands, Greece, Ireland, Austria and
Luxembourg, all machines are dispensing the new notes.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation 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 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



Mr. Anthony Palumbo, Chief Executive
Officer of Payment Services Interactive Gateway Corp. announced it has signed
an engagement letter with Octagon Capital
Corporation in connection with a proposed “best efforts” private
placement. The Offering is to consist of a minimum of
$1,000,000 and a maximum of $1,500,000. The Offering will consist of Units,
each Unit consisting of $1,000 principal amount of 10% convertible debentures
and 3,500 common share purchase warrants.

The Offering of Units is scheduled to close on or about January 15, 2002,
subject to receipt of regulatory approval and completion of due diligence.

The Debentures shall be convertible at $0.10 per underlying common share
at any time from the date of issuance to the maturity date, January 15, 2004.
PSiGate will have a right to redeem the Debentures if at any time after the
first anniversary date of issuance the 30-day weighted average trading price
of PSiGate’s common shares is at least 150% of the conversion price ($0.15).
Each Warrant accompanying the Unit shall be exercisable into one common share
at a price of $0.10 per common share. The Warrants shall expire on January 15,

In connection with the Offering, Octagon shall be entitled to receive 8%
on the gross proceeds realized other than those proceeds generated by
subscriptions made by officers of PSiGate. Currently, the officers of PSiGate
have committed to a minimum of $400,000 of the Offering. In addition, Octagon
shall be granted compensation options equal to 8% of the common shares
underlying the Debentures.

PSiGate plans to use the proceeds from the Offering for working capital
purposes and for debt repayment.

About PSiGate

Payment Services Interactive Gateway Corp. empowers businesses on the
Internet by providing secure, cost-effective and trusted e-commerce solutions.
PSiGate provides an easy and seamless interface to new or existing online
commerce enterprises, offering a reliable means of real – time payment
collection and financial transaction processing, as well as credit card batch
processing. Management services include automated shipping calculations, fraud
screening and financial account reporting. PSiGate also provides VISA,
MasterCard and American Express Internet Merchant Accounts (Merchant IDs) for
Canadian and USA – based businesses. For more information, please visit



NanoPierce Card Technologies
GmbH, a subsidiary of NanoPierce Technologies, Inc., announced
that Mr. Michael von Mackensen joined the company effective January 1,

He will be in charge of Sales & Marketing for the introduction of
WaferPierce to key applications, among others, like Smart Card Chip
and LEDs. Mr. von Mackensen will report directly to Dr. Michael E. Wernle, CEO
& President of NanoPierce Card Technologies GmbH.
Mr. von Mackensen is a highly experienced Sales and Marketing expert in the
field of electronics. After receiving his master’s degree in electrical
engineering from the Friedrich-Alexander-University of Erlangen-Nuremberg,
Germany, he started his career beginning in 1998 in the Marketing Group of the
ceramic components division at EPCOS AG.

EPCOS, a manufacturer of passive electronic components headquartered in
is the market leader in Europe and number two worldwide. EPCOS’ largest
shareholders are Siemens AG and the Matsushita Group.
As Product Marketing Manager for multilayer technology, he was responsible for
business development in different regions, including European countries like
Austria, Benelux, France, Germany and the NAFTA (USA, Canada, Mexico) region.
Over the years he has established very close contacts with most of the
market-leading key customers in three important industry branches:
Telecommunication, Industrial and Automotive Electronics. Mr. von Mackensen
coordinated worldwide projects with multinational project teams within these
market segments.

During the last year, Mr. von Mackensen headed the marketing activities of the
new EPCOS division Piezo Technology. By focusing on the automotive market,
EPCOS achieved a worldwide leading market position in the field of multilayer
piezo actuators. This technology is going to revolutionize the market for
engine fuel injection systems. The technology enables the development of
next-generation engine systems characterized by higher efficiency, lower fuel
consumption and minimized emissions.

Commenting on his new position with NanoPierce Card Technologies, Mr. von
Mackensen said: “As a private long-term shareholder, I have been following the
exceedingly positive development of NanoPierce since 2000. The exciting
technology, technically very sophisticated and with significant cost benefits
over competitive technologies, is right on the edge of its market penetration.
It will be a most interesting challenge for me to accompany NanoPierce on its
way to success. I absolutely believe in the superiority of the NCS(TM)
technology and its immediate acceptance by the electronics market.”

“Based on his experience, especially with the introduction of new technologies
to the electronics industry, Mr. von Mackensen will be a valuable addition to
our team. I am really glad to have him on board,” stated Dr. Michael E.
CEO & President of NanoPierce Card Technologies GmbH. “This is the next
step to
enrich our staff with qualified key personnel to fulfill our long-term Sales &
Marketing Plan and to bring our technology to the electronics market.”
NanoPierce Card Technologies GmbH is a 100% subsidiary of NanoPierce
Technologies, Inc., of Denver, Colorado, USA, which is traded on the Nasdaq
stock market (OTCBB:NPCT) as well as in Frankfurt and Hamburg (OTC:NPI). In
addition to the 12 patents it owns, NanoPierce has numerous applications
pending, others in preparation, and various other intellectual properties
related to NanoPierce’s proprietary NCS(TM) (NanoPierce Connection System).
This advanced system is designed to provide significant improvement over
conventional electrical and mechanical interconnection methods for
circuit boards, components, sockets, connectors, semiconductor packaging and
electronic systems.
For more information about NanoPierce Technologies, Inc., log on to the
Company’s website at


AmEx & AOL Time Warner

American Express announced this morning an expanded relationship with AOL Time Warner. The cross-platform marketing alliance will promote multiple American Express products across a wide variety of AOL Time Warner assets and expand redemption options for the ‘Membership Rewards’ program. The new alliance consolidates previous long-standing agreements between a variety of American Express and AOL Time Warner divisions, while significantly expanding the companies’ relationship through the development of a series of advertising and event marketing programs using AOL Time Warner’s on-air, print, online, and music and entertainment assets. In addition, the companies will work on joint initiatives to build the share of ‘American Express Card’ spending on AOL Time Warner properties. With the partnership, the 9 million enrollees of ‘Membership Rewards’ will be able to redeem points for a variety of AOL Time Warner goods and services, beginning with magazine subscriptions.



Moneris Solutions, a leading North
American processor of credit and debit card transactions and Payment Services
Interactive Gateway Corp., a leading electronic bill
presentment and payment service provider, announced a partnership
that enables Canadian retailers to process online payments in Canadian and/or
U.S. dollars and set up a Canadian and/or U.S. bank account.

PSiGate now offers Canadian merchants the advantage of operating in
Canada, the U.S. or in both countries, PSiGate can now issue Canadian
retailers who want an online presence with their own distinct Merchant ID, in
the country of their choice. Canadian merchants can now conduct business
seamlessly with this new option. In addition, PSiGate will now be able to
provide U.S. merchants with U.S. merchant accounts.

“We are pleased to be working with a progressive, technology company such
as PSiGate,” said Swen Swenson, ISO Account Executive, Moneris Solutions Inc.
“Moneris has its pulse on the Internet, and with PSiGate we are enhancing our
on-line point-of-sale products and services with the addition of EBPP
technology and dual-currency Merchant ID offerings.”

“Today, PSiGate and Moneris Solutions streamline the online payment
process for merchants and consumers,” said Robert Fenos, Executive Vice
President, PSiGate Corp. “Canadian merchants can now set up a Canadian and/or
U.S. dollar payment solution because both PSiGate and Moneris have a Canadian
and U.S. presence. This frees online merchants to concentrate on their core
business knowing that their back-end transactions in either currency on the
Internet are being securely taken care of no matter what denomination they
work with.”

PSiGate offers complete gateway solutions, industry-leading fraud
protection, Internet Merchant ID’s, back-end processing of card-based
transactions and a seamless integration with the largest range of storefront
web site solution providers. This one-stop solution in partnership with
Moneris Solutions enables Canadian merchants to accept VISA, MasterCard,
American Express, and Discovery Card transactions in dual-currency. Also U.S.
merchants have the ability to accept the same cards in U.S. currency.

About Moneris Solutions Corp.:

Moneris (Mon-er-is) Solutions is North America’s 6th largest technology
and merchant processing company. Moneris was formed in December 2000 as a
result of a 50:50 joint investment between Canadian and U.S. banks – RBC
Financial Group, Harris Bank and Bank of Montreal. Moneris provides businesses
with technologically advanced, easy to use, point-of-sale solutions designed
to electronically process and authorize credit and debit card transactions,
including customized loyalty card transactions. Moneris’ leading-edge
technology allows merchants to streamline payment processing and improve
business efficiency. Moneris serves more than 300,000 Canadian customers and
has a staff of 900 employees. With head offices in Toronto, Ontario, the
company also has offices in Chicago, Illinois and Montreal, Quebec. For more
information, please visit

About PSiGate

Payment Services Interactive Gateway Inc. (PSiGate) empowers businesses
on the Internet by providing secure, cost-effective and trusted e-commerce
solutions. PSiGate provides an easy and seamless interface to your new or
existing online commerce enterprise, offering you a reliable means of real-
time, or batch payment collection and financial transaction processing. In
addition, our management services include automated shipping calculations,
fraud screening, and financial account reporting. PSiGate also provides
Internet Merchant Accounts for VISA, Master Card and American Express for
Canadian and U.S. merchants. For more information, please visit