SLM ACQUISITION Inc. announced it has purchased 70% of the issued,
subscribed and paid-up equity share capital of Design Expo Network Private
Limited of Mumbai, India in a cash transaction valued at US$2,100,000. The
acquisition will provide with the platform to build a world class
R&D center and with cost effective implementation manpower to support the
deployment of’s technology.

“We are very pleased to have acquired an experienced product development
company in India. Design Expo bring a suite of leading-edge portal
applications to augment our product line and will provide us with high quality
resources to deploy technology and support our software development
initiatives” said Govin Misir, Chairman and CEO of “With the
acquisition of Design Expo, we have secured the scalability that we need to
ensure the ongoing development of the software products necessary to remain
ahead of the competition within the electronic transaction management

The acquisition of Design Expo is in keeping with’s strategy
of building its capabilities for deploying technology in the global markets.
Last year’s investment in building’s sales and distribution
networks in China, the Middle East, Latin America, and North America have
resulted in a significant pipeline of opportunities being identified in these
markets. Design Expo will provide the scalability that needs to
implement these solutions quickly and reduce the time to market for new

“’s selection of Design Expo as the base for its global
development center is a reflection of the maturity and capability of Indian
software companies” said Manu Agarwal, CEO of Design Expo. “It is a pleasure
to become part of the SLM group, a technology leader in banking solutions, and
I am sure the association will take both Design Expo and to new
heights. Design Expo software product development and implementation expertise
combined with technology and its deep financial sector expertise
will put the SLM group on a steep growth path”.

About Design Expo

Since 1997, Design Expo has built its reputation by providing its clients
with the latest Internet Information Technology solutions. Currently, the
Company offers a comprehensive suite of portal and communication applications
that provide businesses with one-stop shopping for a complete web enablement
solution. With over 100 professionals, Design Expo has the infrastructure to
provide its clients with the strategic software solutions to streamline
operations and enhance customer relations and thereby improve operational


Founded in 1986, is a leading developer of electronic payment
systems and transaction processing solutions, including e-commerce
applications with a focus on the financial services industry.
provides real-time end-to-end e-banking solutions that include Internet
banking, interactive voice recognition (IVR), debit and credit card issuing,
automated teller machines and point-of-sale network management, retail branch
management, and e-CRM enabling technology. also provides
investment brokerage client and portfolio management applications for the
brokerage industry; e-health solutions which enable health insurance claims to
be evaluated at the point of service, processed and settled in real time; and
e-government solutions which enable consumers to pay fees for government
services in person, at kiosks, through IVR systems or the Internet. For more
information, please visit the Company’s website at


AmEx & Tiger

American Express is set to break today an extensive advertising campaign with Tiger Woods. The six new print ads and three television spots will make up the most ambitious Tiger-inspired campaign since he joined American Express as a spokesperson in 1997. The new campaign will be underway as Tiger competes at three high-profile golf events during the next two months: The NEC Invitational, the American Express Championship and the Ryder Cup. The new AmEx television ads will debut during The NEC Championship telecast this weekend.


Microsoft Trust

Gary Condit and Microsoft have one thing in common: credibility problems. A new study released this morning found one-third of online consumers are very concerned that Microsoft will not keep their personal and credit card information safe and secure, and that the software giant will sell their personal information to other companies without first consulting consumers. Only 15% affirmatively trust Microsoft to properly protect their credit card and other personal information according to the survey conducted by Gartner, Inc. Despite all the hype over ‘Microsoft Passport’, consumers are largely disinterested or distrustful of the service. ‘Passport’ enables consumers to sign on across Web sites with just one user ID and password, and in the future it will be used to personalize and customize consumer access to a wide range of ‘Microsoft Hailstorm Web’ services, such as calendaring and shopping. According to 8 million consumers who say they already signed up for ‘Passport’, the main reason they registered is get access to other Microsoft services such as ‘Hotmail’ e-mail. Consumers are much more interested in ‘Passport’s’ basic feature – single-sign-on – than they are in personalized web services that will be offered by ‘Hailstorm’ and enabled through ‘Passport’. Ninety percent of online consumers say they are not interested in sharing personal data in exchange for personalized services.


Diner’s Executive Golf

DINERS CLUB announces Executive Golf Club, a premier benefit of the Diners Club Carte Blanche Card, the premium charge card from Diners Club. Executive Golf Club gives Cardmembers access to more than 200 of the world’s most prestigious private, semi-private, and upscale public golf courses – like St. Andrews Old Course and Hotel in Scotland and Poipu Bay Golf Club (host of the 2001 PGA Grand Slam of Golf) in Hawaii. Members simply contact the Carte Blanche Executive Golf Club at least 72 hours in advance to arrange a tee-time on one of the legendary courses.

Executive Golf Club membership is automatic upon becoming a Carte Blanche Cardmember. Members receive a complimentary tee reservations service, use of member facilities and a leather-bound directory detailing each participating course. Exclusive courses from every corner of the world participate, including the following:

* San Roque Club in Spain

* Steenberg Country Hotel & Golf Course in South Africa

* Iguassu Golf Club & Resort in Brazil

* The Old Course, Vilamoura in Portugal

* The Revere at Anthem in Nevada

* TPC at Canyons in Florida

Once the tee time has been arranged, Cardmembers just present the Executive Golf Club membership card to the staff on site, and relevant green fees will appear on Cardmembers’ Carte Blanche Card.

To experience golf at its finest, individuals interested in acquiring the new DINERS CLUB CARTE BLANCHE CARD – and current Cardmembers interested in booking a tee time – call toll-free (877) 604-6723 or visit .


Sub-Prime Database

eFunds has signed a new agreement to provide Experian with the debit information in eFunds’ ‘DebitBureau’ database for use in certain Experian products and services. Experian will use the ‘DebitBureau’ database in offerings that include prescreen segmentation and suppression, emerging consumer identification and assessment, portfolio management, scoring and online reports. By allowing Experian to use eFunds’ ‘DebitBureau’ database, many consumers who were previously denied credit because of their limited credit information may now receive credit card offers. eFunds’ ‘DebitBureau’ database contains more than 3 billion records related to checking and savings account opening and closing information, checking account collections data, overdraft histories and check order histories. The database is growing at about 31 million records a month, receiving information from more than 77,000 retail locations, 90,000 financial institution locations and other sources.


IVI to Honolulu

IVI Smart Technologies, Inc. will be relocating much of its product design group from their operations in San Jose, California and Tokyo to the new corporate headquarters in Honolulu. “We will be looking to fill out the bulk of our engineering positions and support staff with local talent,” said company chairman, Terry Christensen. “We were attracted to Hawaii mainly as a result of our in-house research which pointed out the advantages that Hawaii has to offer a company like ours over all other options.” Christensen continued, “Important factors we considered included access to Asian markets, a large and gifted local engineering talent pool and the unparalleled lifestyle that Hawaii offers our employees.”

Ann Chung, Executive Director of the Hawaii Technology Trade Association, welcomed IVI Smart Technologies’ entry into the market as ‘good news for Hawaii.’ “We’re pleased to see innovative companies like IVI Smart Technologies responding to the new technology investment tax package and other incentives,” said Chung. “We think this is further evidence that Hawaii is becoming more competitive with other technology business locations.”

According to Christensen, who in addition to being the company’s chairman is the managing partner and founder of Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro LLP , a prominent Los Angeles based law firm, IVI Smart Technologies will be installing its executive team in the Honolulu offices, headed by a new, but yet to be named CEO. Christensen also stated that Hawaii is to be the location for the corporate headquarters of each of IVI Smart Technologies’ subsidiaries, including e-Smart Technologies, Inc. , a listed company (OTC: ESMT) that holds the technology license to the company’s Super Smart Card System for use in China.

About IVI Smart Technologies

IVI Smart Technologies designs and markets innovative technology including the Super Smart Card System. This system uses the company’s proprietary microchips and software to create a smart card that allows multiple applications to co-exist on a single card. With separate security access to each data set and state-of-the-art fingerprint verification, the Super Smart Card is considered the most secure of the computer-on-a-card solutions available.


PDA Swipe

San Diego-based Semtek Innovative Solutions Corporation has rolled out a three-track magnetic stripe card reader for ‘Palm Powered’ devices. ‘PDA Swipe’ will be targeted to industries requiring m-commerce, age/ID verification, mobile POS, or lead retrieval. With the ‘PDA Swipe’, a ‘Palm VII’ or wireless modem equipped PDA becomes a mobile credit card processing terminal. In law enforcement, police officers with a PDA Swipe-enabled device, can access driving records by swiping a driver’s license, removing the need to radio a dispatcher. For age/ID verification, nightclub and bar owners can verify the authenticity of driver’s licenses and can log the data. Waiters in restaurants can accept payments at tables. The solution costs the end user $195 and works with the ‘Palm III’, ‘Palm VII’, ‘Palm V’, ‘HandEra 330’ and the ‘TRGPro’.


Unbanked Cards

As payroll payment cards begin to take off, an Atlanta firm has come up a program to offer the unbanked consumer a bank ATM card with bill payment services., Inc. says there are over 7 million consumers in the U.S. listed in the CHEX database which prevents them from qualifying for a checking account. In addition there are upwards of 20 million Americans without checking accounts. Partnering with Lynk Systems, offers the unbanked consumer an ATM card, plus pays all the consumers bills from the ATM bank account. Consumers must sign up for direct deposit of their payroll check to qualify. Based on preliminary results, the company expects to sign up over 1 million consumers within 18 months. The company also offers a sub-prime credit card solution through Capital One.


Raytheon PayWare

Trintech announced the implementation of Trintech’s enterprise ePayment solution PayWare ERP for Raytheon Aircraft Company, a subsidiary of Raytheon Company. The solution automates Raytheon Aircraft’s credit card sales process to reduce costs and provide greater billing and payment efficiency for its customers.

Developed in close collaboration with SAP, PayWare ERP is ideal for large enterprises with large transaction volumes. The solution is scalable and is also designed to seamlessly integrate with R/3 sales order processing system and can be easily configured to process card payments in both a physical and virtual environment.

Raytheon Aircraft merged the PayWare ERP solution into its spare parts system by integrating credit card sales processes with the Raytheon SAP R/3 software. Prior to PayWare ERP, manual input by a customer service representative and by the billing department was required to record authorizations and arrange settlement of each transaction.

“PayWare ERP provides us with an outstanding solution for increased productivity, while reducing costs by streamlining payment acceptance and processing,” said John Ferney, vice president-customer support at Raytheon Aircraft. “With PayWare ERP, we automate manual processes and provide greater billing and payment efficiency for our customers.”

In the ERP environment, Raytheon Aircraft now sends information from each credit card sale to its credit card clearing house. Within a second, either a successful authorization message is received or an error message is transmitted explaining to the CSR (customer service representative) and customer why the credit transaction can not be approved. The authorization is stored by SAP and used when the product is shipped and billed and the invoice is prepared.

Reconciliation of credit card transactions also is improved by the new system. As settlements are created, the authorized amounts are automatically marked as completely processed. This allows Raytheon Aircraft’s cash application team to concentrate on handling fees and chargebacks from credit cards rather than matching each sale manually to a spreadsheet list prepared by the billing department.

“Streamlining the billing and payment process results in significant cost savings for companies such as Raytheon Aircraft,” says Trevor Healy, vice president and general manager ePayments Division for Trintech. “By implementing the PayWare ERP solution Raytheon Aircraft also improves customer service by reducing the time required to handle each order and increasing the accuracy of customer billing.”

PayWare ERP Product Overview

Trintech’s PayWare ERP solution provides seamless and tight integration of the payment acceptance function into enterprise and resource planning (ERP) systems and retail automation applications, allowing corporations to leverage their ERP system to realize operational efficiencies and cost benefits. Supporting multiple financial and communication protocols, PayWare ERP manages both the authorization and settlement of transactions between acquiring institutions and ERP-based merchants and businesses.

About Raytheon Aircraft

Wichita, Kan. based Raytheon Aircraft, a subsidiary of Raytheon Company, designs, manufactures, markets and supports jet, turboprop and piston-powered aircraft for the world’s commercial, military and regional airline markets. It had revenues of $3.2 billion in 2000. The company employs 12,000 worldwide.

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, founded in 1987, offers a complete range of payment software products for credit, debit, commercial and procurement card applications. Trintech’s secure product range is deployed in over 35 countries worldwide and covers the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. The Group’s range of scalable, open systems architecture solutions for UNIX® and Windows NT? platforms covers consumer, merchant and financial institution requirements for all card-based payments, including eCommerce and the emerging world of mCommerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at . Investor information can be found at [][1].



Atomic & Thales

The THALES e-transactions ‘Artema Motient’ terminal has been certified on Atomic’s ‘ecomPort’ wireless gateway’. The ‘Artema Motient’ system is comprised of a battery-powered hand held terminal and base. It includes a built-in printer and an optional built-in PIN pad. The device also offers super-fast printing at 15 lines per second and has ‘Global Industry Standards Certification’ with ‘EMV 1 & 2’ as well as ‘SAR’. The Atomic ‘ecomPort’ service provides connectivity to the leading credit card processors for credit, debit and check transactions. Additionally, merchants can use any web browser to view real time transaction reports and to see up to a year of transaction history on the ‘ecomPort Merchant Console’. THALES e-Transactions, Inc. was formerly known as Dassault AT of America.


VISA & Le Meridien

Visa International and Le Meridien have announced a multi-year strategic marketing partnership, providing the new partners with joint promotional opportunities while offering Visa cardholders added rewards and privileges when selecting Le Meridien properties around the world.

Based on this partnership, currently effective through June 2004, Visa and the 127 Le Meridien properties worldwide, plan to develop proprietary products, concepts, offers, co-op marketing plans and other initiatives, providing Visa cardholders who stay at Le Meridien with a range of benefits and incentives.

“Visa and Le Meridien represent a powerful travel partnership. By aligning with this leading international luxury hotel group, Visa plans to deliver exceptional benefits and service to its cardholders worldwide,” said Tom Shepard, Visa International’s executive vice president of Global Marketing Partnerships and Sponsorships. “This strategic alliance is an example of Visa’s continued commitment to provide added value and benefits to our members and cardholders.”

Edvj Massazza-Gal, senior vice president, Visa International EU Region adds, “With such a wide choice of hotels offered by this European based group, the partnership demonstrates the benefits which can be passed on by Visa to cardholders globally. We also look forward to working with our Members in the EU Region to provide specific and tailor-made programs that give an enhanced service to our cardholders wishing to stay at Le Meridien.”

“Le Meridien is proud to join forces with Visa International to offer a solid portfolio of luxury hotels around the world, with premium service and overall value that will appeal to Visa’s global network of discerning cardholders,” remarked Norman Bekker, Manager Partnerships, Le Meridien. “Le Meridien is expanding rapidly around the world with an ambitious program which last year saw 19 hotels opening, with a further 19 scheduled to open in 2001 and 2002; or, put another way – 1.5 hotels opening each month somewhere in the world!”

Le Meridien has a current global portfolio of 127 hotels (more than 33,000 rooms) in 55 countries. Through the alliance that Le Meridien have with Nikko hotels, extended this year to include all Nikko hotels, Le Meridien has a total marketing network of 149 hotels in 63 countries and territories. A (pound)1 billion-plus turnover company, Le Meridien’s portfolio is a mix of owned hotels and managed properties. The 127 hotels are currently divided between cities (92) and resorts (35). Le Meridien is also the largest single member of The Leading Hotels of the World – with 20 properties belonging to the prestigious marketing consortium.

About Visa

Visa is the world’s leading payments brand and the largest payments system worldwide. Visa-branded cards generate almost US$2 trillion in annual volume and are accepted at over 22 million locations around the world. The Visa organization plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa is a leader in Internet based payments and is pioneering the creation of u-commerce, or universal commerce – the ability to conduct commerce anytime, anywhere, over any type of device. Visa can be found at

About Le Meridien

Le Meridien hotels combine a European style and individual character with a genuine respect of the local culture. They offer a high level of personal service, exciting cuisine and an extensive range of business, conference, banqueting, health and leisure facilities. Visit the Le Meridien website at