PPP & ORGA Talking

Perfect Plastic Printing Corp., a worldwide leader in card manufacturing for almost 40 years, announces its intention to form a strategic alliance with ORGA, a world leader in smart card production since 1972.

ORGA offers a full range of smart cards as well as hardware, software, systems, system integration and solutions for the telecommunications, banking, retail, healthcare, and Internet sectors. The alliance between Perfect Plastic Printing and ORGA will provide a U.S.-based manufacturing solution to large-scale chip card production.

ORGA Card Systems, Inc., part of the authentos group of companies, is one of the market leaders in the smart card industry. Headquartered in Paderborn, Germany, it operates its Smart Card Center in Flintbek, Germany, in one of the world’s most modern production facilities for smart cards.

With a workforce currently numbering over 1,600 employees worldwide, the ORGA Group posted record sales of EURO282 million ($250 million U.S.) in fiscal 2000. Subsidiaries, sales offices and joint ventures give ORGA a strong presence in Great Britain, the U.S., France, Singapore, Russia, South Africa, the United Arab Emirates, Denmark, China, Brazil, Hong Kong, Italy, Portugal, Austria and Lithuania.

Perfect Plastic Printing is a world leader in card manufacturing and the largest single secure card manufacturer in North America. Perfect Plastic has been on the cutting edge of card technology for almost 40 years with innovations in printing and card production technology. These include digital printing, translucent cards, full-face holograms, and full-face foil printing. Together, Perfect Plastic and ORGA will be a U.S. as well as an international trend-setter.

For additional information contact Doug Eden, Director of Marketing, Perfect Plastic Printing, doug@perfectplastic.com or Heather Reinsel, Marketing Manager, ORGA Card Systems, Inc., HReinsel@orga.com.

Details

P-TO-P ALLIANCE

MasterCard International and CertaPay, a leading person-to-person (P-to-P)
platform solutions provider, have announced an alliance to promote the
adoption
of P-to-P payments. Under the agreement, CertaPay is offering a platform that
facilitates payment between MasterCard cardholders.

The P-to-P market is growing rapidly. A TowerGroup report (January 2001)
estimates that Internet-based person-to-person payments will grow from 42
million transactions in 2000 to more than 4 billion transactions in 2005.

MasterCard’s approach is to equip its members with the ability to facilitate
payments between cardholders. To take advantage of this emerging market,
MasterCard recently introduced support for a new payment transaction in its
authorization and clearing systems to enable its members to clearly identify
P-to-P transactions, which had not been possible prior to April 2001.

Through this alliance with CertaPay, MasterCard’s members may implement
CertaPay’s P-to-P offering, designed to support MasterCard payment cards
and to
seamlessly integrate into a financial institution’s online banking
infrastructure. The platform leverages the financial institution’s own
security and brand strategies. CertaPay’s P-to-P E-mail Money Transfer™
application enables consumers to send and receive money — in real time, using
only an e-mail address — from their own financial institution’s online
banking
or online account management services.

“We are pleased to work with CertaPay to offer our members the ability to
capture some of today’s fastest-growing transaction segments, including online
auctions and other P-to-P transactions such as cross-border transfers,” said
Carl Stefanelli, vice president, e-Commerce Product Development, MasterCard
International. “This solution gives consumers a new kind of convenience. By
expanding the utility of the traditional payment card and enabling it to
receive payments from others, consumers will benefit.”

How It Works

MasterCard members that install the CertaPay platform can offer their
customers
the ability to use their MasterCard credit or debit account to pay another
person through their participating financial institution. To transfer money by
e-mail, the customer follows four simple steps:

· Log on to his/her online account with their participating financial
institution and click the e-mail payment feature.

· Insert the recipient’s name, e-mail address and the amount of the transfer.

· Identify the MasterCard account or other account (checking, savings) from
which to take the funds.

· Write a personal note to the recipient of the funds.
The recipient would then perform these easy steps:

· The recipient instantly receives an e-mail notification with a hyperlink to
accept the funds and then decides where to deposit the funds, whether it is a
MasterCard account or bank account.

· If the recipient is a customer of a bank using the CertaPay system, the
funds
are received in real-time. The funds are transferred using existing payment
clearing arrangements. If the recipient does not yet bank online at a CertaPay
partner institution, he/she must register himself/herself as a new CertaPay
user. The process is done quickly and securely online.

· The recipient receives a final confirmation of the deposit of funds.
Consumers will not have to reveal their account information to the other party
while conducting the P-to-P transaction and no money will be transferred
through the e-mail notification system.

“People are looking for ways to transfer money to each other directly and in
real-time at a reasonable cost,” says Michael Ginsberg, CEO, CertaPay Inc.
“E-mail is a natural medium to facilitate money transfer because it is
ubiquitous and international, and everyone knows how to use it. There are
numerous benefits for both financial institutions and their customers to take
advantage of the P-to-P space.”

MasterCard members can enhance their customer value proposition by
implementing
this system, offering their cardholders added convenience and flexibility. The
service also enables financial institutions to acquire new relationships among
non-customers who receive an e-mail money transfer using the bank-branded
CertaPay platform.

The P-to-P platform also has the potential to assist issuers in making
international transactions easier and more efficient due to MasterCard’s
worldwide payment network. MasterCard’s alliance with CertaPay is one way to
ensure that members who wish to offer P-to-P services to their customers can
take advantage of this comprehensive solution at a substantial discount.

– “As Europay develops the P-to-P product for our European Members, the
Certapay
alliance will be particularly beneficial to us “ said Hervé Kergoat, Europay
International Head of Pre-Paid and Head of P-to-P. “Not only does it
demonstrate MasterCard’s worldwide commitment to the growing area of P-to-P,
but it will allow us to leverage the best of the Canadian experiences into our
own offering for Europe. Illustrating, once again, that our partnership with
MasterCard brings the best-in-class experiences to Members worldwide.”

Details

Alaska Airlines Card Promo

What is your hoop dream? If it’s playing on the court, apply through Bank of America for an Alaska Airlines Visa consumer credit card. You may wind up shooting baskets at the Pac-10 Basketball Tournament in Los Angeles, which runs March 7-9, 2002.

Bank of America, sponsor of the Pac-10 Basketball Tournament in Los Angeles (March 7-9, 20020, has announced the “One and a Million Sweepstakes” for all customers who submit a completed application for an Alaska Airlines Platinum, Gold or Classic credit card. The sweepstakes runs December 1, 2001, through January 31, 2002.

The “One and a Million” Grand Prize includes a VIP trip for two to the Pac-10 Basketball Tournament in Los Angeles, including round-trip air courtesy of Alaska Airlines, hotel accommodations for three nights, VIP tournament tickets, and a cash prize of $1,000. The winner will also have the opportunity to make a half court shot during the Pac-10 tournament on-court promotion, which will award 1 million bonus miles for a successful half-court shot, 50,000 bonus miles for a successful free throw, and 20,000 bonus miles for a successful lay-up.

In addition to the Grand Prize, five First Place prizes will be awarded that will consist of a pair of Alaska Airlines systemwide ticket vouchers; and 50 Pac-10 garment travel bags will be awarded as Second Place prizes.

The sponsorship is a fully integrated marketing and advertising partnership that includes national media exposure on Fox Sports. Bank of America and Alaska Airlines are promoting this sponsorship campaign and leveraging the synergy of the three consumer credit card brands through radio, magazine, e-commerce, game marketing, banking center promotions, and Alaska in-flight promotions.

“We’re proud sponsors of the Pac-10 Basketball 2001/2002 season, and we’re excited about this sweepstakes,” said SVP James Sebo, Bank of America. “The footprints of the Pac-10 teams in the West make this a perfect match for our companies. Alaska and the bank both have existing marketing initiatives with teams in the Pac-10 — which enhance our exposure of this promotion.”

Bank of America offers Alaska Airlines Visa Business Card and Alaska Airlines Visa Check Card, in addition to Alaska Airlines Visa Platinum, Gold and Classic consumer credit cards,

To apply for an Alaska Airlines Visa consumer credit card and be entered into the sweepstakes, customers may visit any Bank of America banking center, or they may visit the sweepstakes Web site at .

One of the world’s leading financial services companies, Bank of America is committed to making banking work for customers like it never has before. Through innovative technologies and the ingenuity of its people, Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through the nation’s largest financial services network, including approximately 4,400 domestic offices and 13,000 ATMs, as well as 30 international offices servicing clients in 190 countries, and an Internet Web site that provides online access for more than 3 million customers, more than any other bank.

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is [http://www.bankofamerica.com][1]. News, speeches and other corporate information may be found at .

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

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MIST 3Q/01

MIST Inc., a leading provider of wireless and smart card transaction-enabling
technologies,
reported results for the fourth quarter and for the year ended September 30,
2001.

Revenue for the year ended September 30, 2001, decreased 11.6% to $51,809,000,
compared to $58,637,000 in 2000. The decline in revenue was predominantly
related to the transition of the point-of-sale business from traditional wired
technology to the wireless enabled gateway technologies. Due to the completion
of certain products later in the fiscal year than anticipated, certain revenue
was delayed. Operating loss from continuing operations was $15,955,000
compared
to a loss of $3,178,000 in the prior year. Income from discontinued operations
was $937,000, compared to $3,634,000 in the prior year. Discontinued
operations
include the results of the US and Canadian card manufacturing plants and the
Imprinter business. Net loss for the year was $7,015,000 or ($.21) loss per
share on a fully diluted basis, compared to a net loss of $3,628,000, or
($0.12) loss per share on a fully diluted basis for 2000. During the year, a
significant investment was made to develop gateway technologies, including
expansion into the United States and Japan.

Revenue for the fourth quarter of Fiscal 2001 was $11,946,000, a decrease of
25.4% from revenue of $16,018,000 in the same period last year. Operating loss
from continuing operations was $6,635,000 compared to a loss of $1,465,000 in
the prior year. Loss from discontinued operations was $117,000, compared to
income of $1,120,000 in the prior year. Net loss for the quarter was
$12,594,000 or ($.38) loss per share on a fully diluted basis, compared to net
loss of $942,000, or ($.03) loss per share on a fully diluted basis for the
same period in 2000.

During the fiscal year, the Company reorganized in order to focus its energies
on its wireless applications and smart card businesses. The reorganization of
MIST included the sale of the Canadian and US plastic card manufacturing
plants
and the Imprinter business. The Company focused on development of
FreedomGate, the MIST Freedom family of wireless and ethernet enabled
point
of sale terminals, and smart card technologies. FreedomGate will be
key
to our strategy of providing retail merchants with value added applications
and
services, such as messaging, reporting, and e-Commerce services. Development
was completed on MIST Freedom III, MIST’s desktop wireless and Ethernet
enabled
touch screen terminal, and FreedomSPD, a smart card enabled pin pad. Both
devices have been specifically designed to take full advantage of the value
added features of FreedomGate and have been well received in the US, Japan and
Canada. Availability of these products on a wide commercial basis will occur
during Q1 and Q2 of fiscal 2002 and represent meaningful opportunities for
revenue growth.

Recent operating highlights include:

– During the fourth quarter, the manufacture of POS terminals was transferred
to a contract manufacturer in Asia in order to allow MIST to focus on its
strength of developing leading edge technology and bringing our customers
great
solutions which includes ensuring that the cost of our products are
competitive, while maintaining high quality.

– MIST has been able to successfully attract new customers in Japan. With the
growing importance of smart cards in the Japanese market, MIST’s focus on
smart
cards and smart card enabled terminals represent excellent opportunities for
revenue growth. Technology developed for the Japanese market can also be
leveraged to develop products for other markets more quickly and cost
effectively.

– The MIST Freedom III terminal’s Ethernet capability has attracted great
interest among our customers. Allowing businesses to network POS terminals and
reduce the cost of communication, while enabling the value added features of
FreedomGate, presents a compelling value proposition to our customers.
Customers have numerous value added applications that they are keen to
introduce to their merchant base. FreedomGate’s component based architecture
allows applications to be created quickly and integrated seamlessly into
FreedomGate.

– During December 2001, the Company settled litigation for proceeds of $4.5
million. The proceeds, net of estimated legal expenses of $500,000 will be
used
to repay a portion of the Junior Note and for operating cash requirements.
Outlook

“MIST has spent significant time and resources developing the MIST FreedomGate
and the MIST Freedom family of POS terminals. We have a great solution to
offer
our customers that clearly differentiates MIST from our competitors and offers
a compelling value proposition,” stated Charles E. Lee, President and CEO of
MIST Inc. “Our focus in the coming year is to deploy FreedomGate and roll out
our value added model to the marketplace. We look forward to working closely
with our customers to bring them new technology and opportunities for growing
their businesses. We feel this strategy is the key to revenue and income
growth
for MIST.”

About MIST Inc.

MIST Inc., a leading provider of wireless transaction-enabling and smart card
technologies, designs, manufactures and distributes wireless and wired
point-of-sale solutions and smart card software and solutions. The “MIST
Freedom” family of wireless transaction terminals was developed to complement
its range of existing products. The MIST FreedomGate(TM) provides gateway
services with value-added options such as messaging, time and attendance and
e-commerce. With facilities in Canada, the United States and Japan, MIST’s
clients include banks, financial institutions, credit and debit card
processors, as well as retail, hotel, restaurant, health care and loyalty
customers. For more information, visit
http://www.mistwireless.com. Investors may contact
investor-relations@mistwireless.com.

Details

AmEx Online

American Express has launched a major campaign to incent small merchants to switch from paper statements to electronic statements. Effective January 1, AmEx will charge merchants a $4.50 monthly fee for statements sent by mail. AmEx emphasizes that one major advantage of its ‘Online Merchant Services’ program is better communication with the handling of charge-back requests. Merchants receive e-email notification of disputes which gives merchants more response time, thus reducing the no-reply chargeback problem. The AmEx online merchants services program offers free access to ‘Merchant Profile Reports’, which analyzes customers and their spending patterns. The program also offers access to ‘Merchant Edge’, which provides aggregate marketplace reporting about the merchant’s AmEx customers. The base fee for ‘Merchant Edge’ is $100 per month. The AmEx Online Merchant Services program also enables merchants to update account information or to setup a new location for AmEx acceptance.

Details

US PARTNERSHIP

Perfect
Plastic Printing Corp., a worldwide leader in card manufacturing for almost 40
years, announces its intention to form a strategic alliance with ORGA, a world
leader in smart card production since 1972.

ORGA offers a full range of smart cards as well as hardware, software,
systems,
system integration and solutions for the telecommunications, banking, retail,
healthcare, and Internet sectors. The alliance between Perfect Plastic
Printing
and ORGA will provide a U.S.-based manufacturing solution to large-scale chip
card production.

ORGA Card Systems, Inc., part of the authentos group of companies, is one of
the market leaders in the smart card industry. Headquartered in Paderborn,
Germany, it operates its Smart Card Center in Flintbek, Germany, in one of the
world’s most modern production facilities for smart cards.

With a workforce currently numbering over 1,600 employees worldwide, the ORGA
Group posted record sales of EURO282 million ($250 million U.S.) in fiscal
2000. Subsidiaries, sales offices and joint ventures give ORGA a strong
presence in Great Britain, the U.S., France, Singapore, Russia, South Africa,
the United Arab Emirates, Denmark, China, Brazil, Hong Kong, Italy, Portugal,
Austria and Lithuania.

Perfect Plastic Printing is a world leader in card manufacturing and the
largest single secure card manufacturer in North America. Perfect Plastic has
been on the cutting edge of card technology for almost 40 years with
innovations in printing and card production technology. These include digital
printing, translucent cards, full-face holograms, and full-face foil printing.
Together, Perfect Plastic and ORGA will be a U.S. as well as an international
trend-setter.

For additional information contact Doug Eden, Director of Marketing, Perfect
Plastic Printing, doug@perfectplastic.com or Heather Reinsel, Marketing
Manager,
ORGA Card Systems, Inc., HReinsel@orga.com.

Details

ValiCert VBV

ValiCert, Inc., a leading provider of secure solutions for paperless e-Business, announced that ValiCert Digital Receipt Solutions is one of the technology partners powering Verified by Visa, Visa U.S.A.’s Internet payer authentication process. Verified by Visa is an initiative designed to ensure secure online payment transactions. The service reduces disputes related to unauthorized card use on the Web, resulting in increased consumer and merchant confidence in electronic commerce. Visa will be utilizing the ValiCert Digital Receipt Solutions to provide a record in case of dispute resolutions. Used by major banks, credit card, healthcare, and government institutions around the world, ValiCert Digital Receipt Solutions comprise an end-to-end solution for generating and managing legal-grade proof of electronic transactions.

“The biggest inhibitor of online shopping has been due to consumer security concerns. Visa U.S.A understands the importance of having a secure infrastructure supporting their cards for the widespread adoption of e-Commerce,” said David Jevans, vice president of Corporate Development and head of e-Payment initiatives at ValiCert. “ValiCert Digital Receipt Solutions provides Visa U.S.A. with the fundamental Internet infrastructure to securely protect online transactions against unauthorized card use as well as providing a valid forum for dispute resolution.”

About ValiCert

ValiCert is a leading provider of secure solutions for paperless e-Business. ValiCert Global 2000 customers in financial services, healthcare, manufacturing and government sectors realize significant ROI from deploying ValiCert solutions to help migrate costly or inefficient business processes to the Internet, without losing any trust and security in the process. ValiCert’s family of products conforms to the guidelines of the e-Sign legislation and provides a secure, legal-grade environment for conducting online commerce.

ValiCert has technology and marketing alliances with a range of security, e-Commerce, systems integrators and application specific companies. With its products and services available through a worldwide direct sales force, resellers and global affiliate network, ValiCert is headquartered in Mountain View, California and has operations throughout the Americas, Europe and Asia. More information about ValiCert is available on the World Wide Web at [http://www.valicert.com][1].

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

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MasterCard’s 3Q/01

MasterCard continues to be the fastest growing network in the USA, as the number of cards-in-force rose more than 20% during the third quarter. The number of U.S. cards issued hit 268.5 million during 3Q/01, compared to 256.3 million at mid-year. MasterCard’s domestic credit card portfolio is growing at annual rate of 20.8%, while MasterCard’s U.S. off-line debit card segment is growing 19.9% annually. VISA has not released 3Q/01 data, however at mid-year, VISA’s U.S. card portfolio was growing less than 5%, with nearly all the increase coming from off-line debit cards. The American Express cardbase was growing 5.5% annually and Discover’s cardbase was growing 2.4% annually, at the end of the third quarter. As of September 30th, MasterCard had 229.0 million credit cards and 39.5 million off-line debit cards in the USA. MasterCard’s domestic gross dollar volume for the quarter rose 15.2% for credit cards to $106.0 billion, while U.S. off-line debit card GDV soared by 22.7% to $19.0 billion. U.S. purchase volume for off-line debit MasterCards is growing twice as fast as credit cards. Debit card purchase volume posted a 25.4% year-to-year gain, while credit card purchase volume rose 12.5% during the same period. For complete details on MasterCard’s U.S. 3Q/01 data visit CardData (www.carddata.com) and for details on MasterCard’s third quarter international figures visit The RAM Report ([www.ramreport.com][1]).

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

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Voyager Certified

Corillian Corp., a leading global provider of eFinance solutions, and Spectrum EBP, a payment systems company for electronic bill presentment and payment, announced a strategic alliance in which Corillian’s Voyager Internet banking platform will be certified to the Spectrum network. Corillian Voyager enables financial institutions to offer presentment and payment functionality for their online retail banking customers while Spectrum will process and route the transactions through its extensive network of participants.

“Corillian is a respected brand in the financial services marketplace and our alliance is in response to the industry’s continued demand for Spectrum’s open, bank-centric EBPP platform,” said John M. Perry, Spectrum ’s Chairman and CEO. “The addition of Corillian’s online banking customers to the Spectrum network and access to the Voyager platform creates additional value for all our participants while reinforcing the openness and flexibility on which we were founded.”

Corillian Voyager ­ The Operating System for eFinance — is a high-performance platform that allows for the delivery of a wide range of financial services to customers via the Internet. Voyager provides a direct link between a financial institution’s host system and its customers, using Internet browsers, personal financial management software and internet-ready wireless devices. Voyager’s open architecture design allows an institution to quickly integrate emerging technologies and deploy the platform in-house or in a secure data center while providing a personalized portal to its customers.

“This relationship will help us expand the functionality and capabilities of our Voyager platform,” said Alex Hart, president of Corillian. “Many of our financial institution clients were asking for access to the Spectrum network. This alliance will allow us to better serve our clients and gives their customers added electronic bill payment and bill presentment services.”

Founded by J.P. Morgan Chase, Wachovia and Wells Fargo, Spectrum routes online payments, presentments, invoices, statements and other related information through an EBPP switch. A total of 24 financial institutions belong to the Spectrum network or have signed letters of intent to participate in the network, including six of the top ten U.S. banks. Spectrum features the industry’s only standards-based OFX/IFX platform enabling participants to benefit from low-cost switch fees, a good funds model and a unique same-day settlement process. The expansive reach of the Spectrum network is comprised of nearly 8 million online banking customers from its founders and 282 large-industry billers through strategic alliances with 11 technology partners.

About Corillian

Based in Oregon, and with international offices in Europe, Asia and Australia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or in the state-of-the-art Corillian Data Center. Corillian technology also enables Open Financial Exchange (OFX) access by finance management software packages such as Quicken, QuickBooks and Microsoft Money. For more information about Corillian Corporation, visit our Web site at [www.corillian.com][1].

About Spectrum

Spectrum EBP, LLC, headquartered in Atlanta, Ga., is an independent payment systems company fully owned by J.P. Morgan Chase & Co. (JPM), Wachovia Corporation (WB) and Wells Fargo & Company (WFC). Formed to facilitate the exchange of electronic bills and payments, Spectrum’s mission is to provide a secure, open and interoperable infrastructure to electronically link consumer and biller service providers. Additionally, Spectrum seeks to provide value to its participants by providing superior service and reducing overall bill presentment and payment costs. Spectrum does not host any bills directly, nor does it retain any bill details. Including the three founders, 24 financial institutions currently belong go the Spectrum network or have signed letters of intent to participate in the network including Citibank, Fleet, First Tennessee, Hibernia, M&I bank, Provident Bank and Union Bank of California. More information on Spectrum can be found at [www.spectrumebp.com][2].

[1]: http://www.corillian.com/
[2]: http://www.spectrumebp.com/

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HOLIDAY SHOPPING

As more than 21.7 million adult Canadians flock
to the shopping malls this holiday season, Visa Canada released the
results of a survey showing that less than one in five Canadians expect the
current economic climate to impact their holiday gift-giving activity this
year.

Conducted by Thompson Lightstone, the survey shows that only 17 percent
of Canadians expect world events and the current economic slowdown to affect
their holiday gift-giving behaviour. Some of the ways Canadians will change
their gift-giving behaviour include buying more thoughtful or personalized
gifts, giving to charity, focusing on family and appreciating what they
already have.

This year, 55 percent of holiday shoppers are in the holiday spirit and
it seems even more, 62 percent of Canadians, are enjoying buying holiday
gifts. Interestingly, the older one gets, the less likely they are to enjoy
holiday shopping. Seventy-one percent of Canadians aged 18-29 enjoy holiday
shopping, compared to 64 percent of 30-49 year-olds and 53 percent of adults
aged 50-plus. On a regional basis, 44 percent of Quebec residents enjoy
holiday shopping versus 70 percent of Ontario residents.

“The survey points to some encouraging findings for retailers, consumers
and for the Canadian economy overall,” said Rick Pyves, Senior Vice-President,
Marketing, Visa Canada Association. “As we head into the busiest week of the
year, it will be interesting to see how these findings translate into actual
retail sales.”

This year a number of key factors are driving consumers to shop at one
retail outlet over another. Key factors influencing consumers include the
quality of in-store promotions and discounts, in-store selection, the value
for the dollar and the convenience or close proximity of the retail outlet.

The national telephone survey was conducted between November 22nd and
29th, 2001. A total of 1,000 male and female respondents 18 years of age and
older were interviewed. The findings are accurate, plus or minus 3.1 percent,
19 times out of 20.

As the “World’s Best Way to Pay”, Visa is the leading credit card payment
brand in Canada and around the world. There are more than 23.6 million VISA
cards in Canada accepted at more than 595,000 merchant locations across the
country. VISA is accepted at over 23 million locations around the world
including over 700,000 ATMs. The Internet address for Visa is
www.visa.com.

Details

Ducato Project

The first implementation of ‘CEPS’, demonstrating international interoperability of different CEPS-based e-purse technologies has been completed, according to ‘The RAM Report’ ([www.ramreport.com][1]). The ‘Ducato’ project included as partners: Banksys, Groupement des Cartes Bancaires, Europay International, Interpay Nederland, Proton World, Sermepa, Sistema 4B and VISA. Following publication of ‘CEPS’ in 1999, a number of tasks, such as the establishment of type approval procedures and the upgrading of international networks, network simulators, terminal and host specifications and issuing systems needed to be completed to enable the implementation of ‘CEPS’-based systems. Card and terminal manufacturers also needed to develop ‘CEPS’-based components that are retro-compatible with existing e-purse technologies, to facilitate migration to ‘CEPS’-based systems. The two ‘CEPS’-compatible smart card technologies used in the ‘Ducato’ project are Sermepa’s Advantis, applied by Sermepa and Groupement des Cartes Bancaires, and Proton World’s ‘Proton Prisma’, applied by Banksys and Interpay. Banksys and Interpay used ‘C-ZAM/Smash’ terminals from Banksys for ‘CEPS’ load and payment transactions.

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

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