Falcon Laundering

HNC Software announced the availability of ‘Falcon for Money Laundering’. The software was developed using proven technology from HNC’s ‘Falcon’, the world’s leading neural network-based predictive software solution for detecting payment card fraud. HNC’s money laundering detection system provides financial institutions a flexible framework to utilize powerful profiling analytics to examine transactions and detect money laundering activity, meet regulatory requirements, manage operational risk, and provide greater insight to objectively know their customers. A recent report by TowerGroup show money laundering is roughly a $1 trillion industry, about half of which passes through the United States.



Ankari Inc., a market leader in enterprise
network authentication products, announced that SchlumbergerSema is
promoting Ankari’s Trinity enterprise authentication software through
its Associate Program and web store. Trinity supports the SchlumbergerSema
Cryptoflex 16K smart card, allowing organizations to fully realize the
benefits of cryptographic technology, and optimizing the security offered by
PKI and digital certificates. Trinity seamlessly integrates smart cards
within a framework that uniquely combines multi-factor authentication with
single sign-on. Built specifically for the enterprise, Trinity provides
centralized management and facilitates organization-wide authentication

“Ankari’s Trinity solution maximizes the use of SchlumbergerSema advanced
smart cards and combines them with biometrics for a very positive user
experience,” said Thomas Tang, Account Manager for the Associate Program at
SchlumbergerSema in North America. “Attracting market leaders like Ankari,
our Associate Program has been successfully promoting the adoption of smart
cards within enterprise organizations.”

With Trinity software, users can log in to multiple platforms, applications,
even web forms with a single fingerprint or password. This greatly increases
user convenience and productivity while enhancing security and reducing the
costly effects of password proliferation. The Trinity software framework
integrates multiple methods of authentication such as biometrics, smart
cards, tokens and passwords with a single sign-on. Ankari’s success in the
market has seen Trinity installed at major financial institutions across
North America.

“We are seeing a real market need for simple yet highly effective
authentication solutions that improve both user experience and network
security,” says Marshall Sangster, President and CEO, Ankari Inc. “Trinity
is designed to support multiple vendor technologies in order to meet the
needs of customers. SchlumbergerSema is the leader in the smart card market,
and we are proud to have been working with them over the years. As the
authentication market matures and our customers’ needs evolve, Ankari will
continue to work with technology and business leaders like SchlumbergerSema
to strengthen our position in the market.”

To enable enterprise organizations to quickly and easily get authentication
pilot projects underway,
Trinity is now available at SchlumbergerSema’s web store at
www.scmegastore.com . A variety of package options are available for complete
authentication solutions with SchlumbergerSema smart cards. Trinity is also
available directly through Ankari at www.ankari.com .

The SchlumbergerSema Associate Program is forging partnerships with experts
like Ankari, companies that are at the forefront of smart card innovation.
The program aims to facilitate collaboration and discovery of complementary
expertise, improve knowledge of SchlumbergerSema products, broaden smart
card market penetration, and create mutual benefits.

About Ankari

Founded in 1994, Ankari is a technology company that makes network access
easy and more secure. Ankari has provided enterprise authentication
solutions to some of the world’s largest financial, government and
healthcare organizations. Trinity, Ankari’s flagship software framework,
provides organizations with the ability to verify user access through the
use of any combination of smart cards, biometrics, security tokens, and
digital certificates. Formerly known as American Biometric Company, Ankari
is distinguished for developing and marketing BioMouse, a hardware
authentication product. Ankari’s home page address is www.ankari.com.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company
providing consulting, systems integration, managed services, products and IP
network security solutions serving the telecommunications, utility, finance,
transport, oil and gas, and public sector markets. With more than 30,000
employees in 130 countries, SchlumbergerSema is one of two business segments
of Schlumberger Limited, a global technology services company. Schlumberger
Limited acquired Sema plc in April 2001. In 2000, Schlumberger revenue was
$9.6 billion and Sema plc revenue was $2.4 billion. Additional information
is available at www.slb.com .


CU Cards

Credit unions, faced with the challenges of rapid industry consolidation and a slowing economy, can thrive if they leverage customized programs and new technologies made possible by their payment card portfolios, says Bill Mathis, senior vice president for MasterCard International.

Speaking at the Credit Union Journal’s Third Annual Business Development Select Employee Group (SEG) Conference, Mathis cited the wide array of payment options, advanced market segmentation strategies and strong promotional campaigns as a means to boost portfolio revenue. Payment card portfolios level the financial services playing field for credit unions, he said, allowing them to keep their rates low, while offering their clientele world-class payment solutions under their own private label.

“Today’s card portfolio is much more diverse and much more powerful than it was only a few years ago,” said Mathis, who drew comparisons with conventional card program solutions. He drew attention to the emergence of person-to-person payment systems and the huge potential in consumer-to-government payments, such as tax bills that are paid with credit and debit cards. Mathis also pointed out the growth of government-to-consumer payments in the form of tax refunds, pensions and other social services benefits through stored value cards. He also cited significant growth in online transactions now being done with payment cards as testimony to the high level of public trust in the card issuing institutions and the potency of global branding campaigns.

“At MasterCard, not only are we delivering a greater variety of payment options, such as virtual card accounts and stored value cards, but we have also introduced a consulting service called Market Advisor that is particularly well suited for credit unions. Market Advisor gives credit unions a real-time look at their card-usage data, so they can monitor and measure the performance of card programs and quickly make adjustments.”

At MasterCard, Mathis is responsible for providing leadership to a team focused on increasing the profitability of MasterCard’s members. Bringing more than 25 years of experience in management and customer-building skills, Mathis delivers an individual, consultative approach to MasterCard’s members – regardless of their size. The SEG Conference will host various discussions, lectures and workshops on the most recent techniques and strategies for building credit union membership, as well as how to retain existing members.

About MasterCard

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1.7 billion MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 81countries and in more than 36 languages, giving the MasterCard brand reach and scope unrivaled by any competitor in the industry. With more than 21 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 2000, gross dollar volume exceeded US$857 billion. MasterCard can be reached through its World Wide Web site at .



Gemplus International S.A., the
world’s leading provider of solutions empowered by smart cards, announced that Panasonic has signed a Value-Added Reseller
agreement to promote smart card-ready electronics, based on Gemplus’
smart card solution suite, to their customers in North America.
By combining Gemplus’ smart card solutions with its own card
reading technology, Panasonic electronic hardware will offer greater
convenience and flexibility to users. With a smart card in hand,
Panasonic customers will have the ability to enjoy more powerful
applications including electronic commerce, gaming, loyalty,
credit/debit and e-purse.

“Panasonic is excited about incorporating Gemplus’ smart card
technology into the reader products suite, which will enable us to
offer a more complete product and service to our customers,” said
Steve Belcak, vice president of Panasonic Industrial Company. “We want
to take advantage of the growing momentum for smart cards as a
customer convenience tool. By offering the cards themselves — to
supplement our card-reading technologies — we are taking a very
positive step.”

Together, Panasonic and Gemplus will develop and enhance market
opportunities for smart card solutions based on joint expertise,
global support and shared customer bases. The smart card industry has
seen tremendous growth in North America in the past year with several
groundbreaking smart card deployments executed and numerous
endorsements from financial and retail industry leaders. Panasonic’s
decision to support smart cards adds a new dimension to the growing
support for the technology.

“This joint market offering of two industry leaders is unique, as
Gemplus and Panasonic together can offer a complete and convenient
solution directly to consumers,” said Sven Hammar, vice president of
Gemplus’ Financial and Security Services Business Unit. “The ability
to share manufacturing, support and branding opportunities enables
rapid and efficient time-to-market, unwrapping unlimited opportunities
for users of Panasonic products.”

About Gemplus

GEMPLUS: the world’s number one provider of solutions empowered by
Smart Cards (Gartner Dataquest 2001). 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, unrivalled
experience, and an outstanding track record of technological

Gemplus trades its shares on Euronext Paris S.A. First Market and
on the Nasdaq Stock Market as GEMP in the form of ADSs. Its revenue in
2000 was 1.205 Billion Euros. It employs 7800 people in 37 countries
throughout the world.
Gemplus: Your Passport to the Digital Age www.gemplus.com

About Panasonic

Panasonic Industrial Company is a unit of Matsushita Electric
Corporation of America, the principal North American subsidiary of
Japan-based Matsushita Electric Industrial Co., Ltd. (NYSE:MC), which
is best known for its Panasonic brand. A worldwide leader in the
development and manufacture of electronic products for a wide range of
consumer, business and industrial needs, Matsushita Electric recorded
consolidated sales of $61.45 billion for the fiscal year ended March
31, 2001.
Additional information is available at www.panasonic.com.



US Dataworks Inc., a wholly owned subsidiary of SonicPort Inc. announced that 15 new contracts have been signed for Remoteworks, the company’s innovative Internet-based check-processing software. Terms of the individual contracts, composed of recurring subscription payments, were not disclosed.

Under the new contracts, SonicPort will make Remoteworks available via the Internet, giving these clients access to the entire US Dataworks-branded check truncation suite.

“This is a significant milestone for SonicPort,” said John O. Cooper, president and CEO of SonicPort. “This validates the concept that we can use the Internet to deliver state-of-the-art services to an extremely broad spectrum of businesses.

“Remoteworks is a Web-based version of the highly sophisticated software suite, `The Works,’ currently being used under licensing agreements by some of the top financial institutions in the United States. While `The Works’ is geared to large institutions that process in excess of 200,000 check transactions per month, Remoteworks, on the other hand, is geared to smaller businesses that may have as few as 100 check transactions per month. “Remoteworks expedites the concentration of check-related funds from remote locations to a central corporate account and captures returned check information for conversion to electronic representment (RCK). “Remoteworks allows merchants to accept paper checks in person, through the mail, or even by telephone, to now immediately turn them into electronic transactions at the point of sale. The cost of physical transportation of the checks and the float expense incurred during that process are now immediately eliminated. Clearance time for the checks is significantly reduced as well as the expense of floating the funds until the checks have cleared. “We expect to begin delivering service to thousands of clients with modest check transaction volume who can justify a recurring subscription payment but who would not have been appropriate for our larger in-house solutions requiring a substantial upfront investment.”

SonicPort also announced that David Baeza, vice chairman and chief marketing officer, has left SonicPort to pursue other interests. Baeza has also resigned from the board of directors, effective Aug. 17, 2001. Baeza will remain as a significant shareholder of SonicPort and will continue to be subject to a two-year lockup with respect to selling his shares, as are all members of the board.

About US Dataworks

Established in 1997, US Dataworks develops, markets and supports transaction-processing software for Windows NT computer systems. Its customer base includes many of the largest financial institutions as well as credit card companies, government institutions and high-volume merchants in the United States. It also has a strategic alliance with Thomson Financial Publishing, a unit of Thomson Corp. (TSE:TOC), to incorporate their EPICWare database into US Dataworks products.

About SonicPort Inc.

SonicPort Inc. is a financial services company specializing in the integration of transaction-processing software with ASP services, IT expertise and customer service. Additional value-added services include custom software applications and technical support.


Diebold & Pacom

Diebold has formed a strategic relationship with Pacom Systems, producers of the ‘Graphical Management System’, an integrated alarm and access control management system. As part of the overall relationship, Diebold is to sell, install and service Pacom’s product solutions to the financial and commercial markets in the United States, Canada, Mexico, and Central and South America. Following Mosler’s announcement stating the company would cease operations, Pacom moved quickly to assure customers they would continue to support the same ‘GMS’ systems sold by Mosler.


Gemplus Buy-Back

Gemplus International announced it plans to start repurchasing up to 10 million shares of its outstanding common stock, under the repurchase program approved by shareholders during the company’s Annual General Meeting on April 18. The repurchased shares are intended for use under the company’s employee stock option program. This repurchase, which will take place over the next 9 months, represents only a portion of the total number of shares authorized under the program. The company generally plans to use existing cash to finance the repurchases. The company had cash and cash equivalents of 430 million Euros as of June 30.


Network Impact


Following yesterday’s tragic events in the US, Visa International would like to confirm that VisaNet systems are fully functioning as usual.

All systems are fully operational and settlement completed normally on 11 September 2001. Likewise, no telecommunications outages have been reported and all processing times will continue to proceed.

An Emergency Operations Centre has been established to provide Member banks with continued reliabilility and support. Any cardholders who experience problems with their Visa cards should contact their issuing bank.

Visa International would like to express its deepest sympathy to all those who have been affected by the events.


Loyalty OTC Terminals

Catuity, Inc. has launched a joint marketing and sales effort to promote loyalty with gift cards with SchlumbergerSema. Catuity’s ‘Loyalty OTC’ product is now running on the SchlumbergerSema ‘MagIC 6000’ and ‘9000’ terminals. Catuity’s ‘Loyalty OTC’, which was introduced last month, is an over-the-counter product that allows merchants who issue gift cards and/or private label loyalty cards to add the full range of marketing benefits offered by the Catuity System to their cards and ultimately provide a relationship card with benefits for both the merchant and the consumer.


Sovereign & FDMS

Sovereign Bank and First Data Merchant Services are launching a new merchant services program that will give Sovereign business customers access to the nation’s largest electronic payment processing network. The program will be marketed as ‘Sovereign Merchant Services’. Marketing efforts will focus on more than 500 Sovereign Bank community banking offices and cash management groups in the New England and mid-Atlantic regions. First Data Merchant Services will assign 35 New England-based sales executives to Sovereign Merchant Services. First Data anticipates adding 30 more staff, including sales management and client relations personnel, over the next year to increase support in the mid-Atlantic market. FDC has also appointed Paul DeFlavio as the general manager for ‘Sovereign Merchant Services’.


Jackson to HH

Household International, , the $101 billion (managed assets) consumer lender, announced that Diane Jackson has joined the company as director of community relations. Jackson will report directly to Craig Streem, vice president of corporate relations and communications.

As director of community relations, Jackson will be responsible for the design and implementation of the company’s strategy to link corporate philanthropy, consumer education and community relations activities. One of Jackson’s initial assignments will be implementing the company’s financial literacy initiatives, most notably through the recently announced Household financial literacy grant.

“With a wealth of community relations experience and a strong financial services background, Diane is ideally qualified to help Household develop and implement innovative outreach programs that will make a real impact,” said Craig Streem. “Diane is the right person to help us continue and strengthen our 123-year commitment to improving the quality of life in the communities where we do business.”

Jackson brings more than 15 years of community relations experience to Household. Previously, she served as the director of diversity and community relations for ING Aetna Financial Services in Hartford, Conn. In that role, Jackson was instrumental in the development and execution of programs designed to bring financial and business education and tools to youth in major cities across the country. While there, she also led many of the company’s diversity initiatives, including recruiting, mentoring and advertising.

Jackson graduated cum laude from Northeastern University in Boston, MA. She will be based at Household’s Prospect Heights, Ill., headquarters.

About Household

Household’s businesses are leading providers of consumer loans, credit card, auto finance and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household’s largest business, founded in 1878, operates under the two oldest and most widely recognized names in consumer finance- HFC and Beneficial. Household is also one of the nation’s largest issuers of private-label and general purpose credit cards, including the GM Card and the AFL-CIO’s Union Plus card. For more information, visit the company’s web site at .



SSP Solutions, Inc. providing solutions and services that enable secure, real-time movement of financial transactions and valued digital content, announced the world’s first secure and anonymous Internet commerce transaction solution securing ATM and debit cards — the equivalent of cash — as well as traditional credit cards for Internet purchasing. Banco Nationale de Credito will go live with this technology via the Internet, using SSP’s bundled hardware and software package uniquely enabling embedded two-factor authentication required for ATM, credit or debit transactions. Available worldwide, initially the program will be rolled out to 2,000 consumers in the Dominican Republic with larger deployment scheduled for the following quarter.

“Merchants are anxious to leverage ATM and debit card business opportunities — expanding their customer base and reducing repudiation and fraud associated with traditional credit card transactions,” said Rob Gorman, managing director of strategic affairs SSP Solutions, Inc. “We’re moving quickly to support this initiative and deliver a powerful product specifically designed to secure ATM and debit customer segments for online shopping.”

The package includes the SSP Solutions branded ETSS (Enhanced Transactional Secure Software) application and a secure SSP(TM) EMBASSY(R) (EMBedded Application Security SYstem) card reader that connects directly to the consumer’s PC. The reader is both mag-stripe and smart-card compatible and uses a secure numeric keypad for PIN and password entries. ETSS is the world’s first embedded non-repudiation card present software that enables merchant to secure transactions without the actual credit, debit or ATM customer account numbers available to the merchant, thereby protecting both the consumer and the merchant from account number database fraud and unauthorized intrusions. Both VISA and Mastercard are supported by this technology. Several recent well-publicized illegal intrusions of merchant databases have resulted in thousands of consumer debit and credit card account numbers being stolen, and the embedded SSP ETSS software eliminates this risk to the merchant.

SSP also exclusively licensed on a worldwide basis the marketing and deployment rights of ETSS software originally developed by a joint venture of SSP and Freestar Technologies. Banco National de Credito is the first major banking organization to actively deploy this solution.

About SSP Solutions, Inc.

SSP Solutions, Inc. develops and distributes the SSP(TM) Security Suite of hardware, software, and embedded security products designed as the Trusted Symbol of the Digital Economy(TM). SSP products embed security and trust throughout the transaction chain protecting electronic communications and financial transactions, network access, and the exchange of copyrighted digital content. By combining our own technology with a range of partners’ technologies and intellectual properties, SSP products represent the first, open embedded security architecture simultaneously supporting public key infrastructure (PKI) and multiple standards of digital rights management. SSP’s custom-made enterprise security solutions address digital rights management, financial services, government, entertainment, healthcare, and education — and form the heart of a ten-year alliance with Electronic Data Systems (NYSE:EDS), the nation’s largest systems integrator and a global leader in information assurance. For additional company information, visit com .

About Freestar Technologies, Inc.

Freestar Technologies, Inc.’s Enhanced Transactional Secure Software (“ETSS”), a proprietary software package that enables consumers to consummate secure e-commerce transactions over the Internet using credit, debit, ATM (with PIN) or smart cards. The ETSS system integrates a consumer-side card-swipe terminal with a back-end host-processing center. It encrypts sensitive financial data at the consumer’s personal computer, using powerful DES encryption and algorithms. It sends an authorization number to the e-commerce merchant, rather than the consumer’s credit card information, to provide a maximum level of security. The Company plans to link several large, established smart card systems together on an ETSS-based standard to achieve economies of scale and further market penetration for this secure e-commerce payment system.