M-PAYMENTS

MasterCard, Telesp Celular and Redecard have announced a partnership for m-payments (payment with mobile phones) in Brazil, using the technological platform CDMA 2G. Effective immediately, MasterCard and Telesp customers will be able to purchase tickets (cinema, theater and shows), and pay restaurant bills using their mobile phone.

MasterCard® cardholders can register at the Telesp Celular web site – www.waaap.com.br – and choose a password. Each participating merchant will have an ID number that will be used by MasterCard cardholders at the time of payment. To make a payment using a MasterCard card via Mobile Internet, the cardholder will enter their password, the merchant’s ID and the amount of purchase into their mobile phone. The amount of the transaction will be deducted directly from the cardholder’s MasterCard account. The amounts and number of transactions will appear in the cardholder’s monthly credit card statement. This service is called WAAAP Pag and uses WAP technology developed locally.

“This is a unique initiative in the Americas that brings together merchants of electronic and traditional commerce,” says Desmond Rowan, President of MasterCard Brazil. “This partnership gives continuity to MasterCard’s strategy of offering value added services and creating new interaction channels for its customers, improving convenience and mobility,” he added.

For Carlos Vasconcellos, president of Telesp Celular, this partnership is in line with the business model that mobile phone companies seek worldwide — applications that offer value-added services to corporate customers and consumers in general. “There is great potential for growth in the use of mobile phones for payments. Telesp Celular is leading the implementation of this unique service on the American continent,” he says. “We want to provide our customers all the convenience, comfort, practicality, speed and safety of using their cellular phones to make payments,” emphasizes Vasconcellos.

“We are starting the project with the participation of two restaurants, in São Paulo – Ecco and Dressing – and Passport Brazil, a MasterCard and Redecard partner company, which will make it possible to buy tickets through the cellular phone,” said Anástacio Ramos, Redecard Commercial Vice-President. “With this partnership, Redecard will expand its operations and penetration in new business segments and increase the network of merchants accredited to this service,” he concluded.

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1.7 billion MasterCard, Cirrus and Maestro 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 advertising campaign is now seen in 81 countries 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 .

About Telesp Celular

Telesp Celular, controlled by Portugal Telecom Group, is the largest mobile telecommunications operator in South America and is focused on the development of innovative solutions for both companies and people. With more than 4.7 million customers, Telesp Celular covers 98% of the population in its area of operation in the State of São Paulo, serving 464 municipalities. Telesp Celular was the first operator to launch WAAAP commercially The Pocket Internet in the State of São Paulo, in June 2000. Telesp Celular’s commitment to quality service has led to its ISO 9002 certification for the services rendered by its Call Center, making Telesp Celular the first company of the state of São Paulo to receive such certificate in recognition for its excellence in customer services.

About Redecard

Redecard, founded in 1996, is the company responsible for capturing the transactions performed under the MasterCard®, MasterCard Electronic™, Maestro®, and Redeshop brands. Redecard also offers solutions for the transfer of commercial data, through several products and services; to improve the businesses of all accredited commercial establishments. Currently the company has 615,000 accredited establishments throughout Brazil.

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Trucking Smart Card

SmartStop, Inc. today announced the expansion of the truck stop industry’s first multi-application smart card in all Rip Griffin Travel Centers across the southern United States, as a result of the success of the Terrell, Texas showcase implementation, in operation since August 2000. OTI (Neuer Markt: OT5) provides the microprocessor-based smart card technology, products and solutions that support the SmartStop program.

At each Rip Griffin facility, truck drivers will use a smart card for access to the showers. Rip Griffin has also tested and plans to use the same smart card for loyalty points, on-island fueling, automated truck weighments, and prepaid e-cash for service or convenience store purchases. The e-cash and loyalty points will be transferable across the entire Rip Griffin Travel Center network, motivating drivers to choose Rip Griffin as their preferred truck stop. Future applications include funds transfer directly to the card, Internet access, personal and business telephone calls and other applications essential to the efficient movement of freight across the country.

‘The success of the Terrell Showcase demonstrates that the trucking industry can benefit from smart card technology. Drivers and fleets are looking for technologies that are more convenient, lower cost and provide greater control and security,’ said Mark Evers, President and CEO of SmartStop, Inc. ‘We look forward to greater success as the Rip Griffin network is brought on line.’

‘The truck stop environment demonstrates once again how OTI products and solutions can upgrade any existing platform with maximum efficiency and minimum investment. The secure and user-friendly OTI solution establishes a cutting-edge loyalty program that is both effective and economical’, said Ohad Bashan, President and CEO of OTI America, Inc.

The Jubitz Truck Stop in Portland, OR has also implemented the SmartStop smart card program, focusing on loyalty applications for truck drivers and local residents.

About SmartStop

SmartStop, Inc., located in Portland, Oregon, is a national technology-based solutions provider to the trucking industry. The company provides products and services to hundreds of truck stops across the country.

For more information, please visit the company’s website, .

About OTI

Established in 1990, OTI (On Track Innovations) designs and develops contactless microprocessor based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for mass transit, parking, gas management systems, loyalty schemes, ID and secure campuses. OTI has regional offices in the US, Europe, Asia Pacific, and Africa to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. Visit OTI on the Internet at [www.oti.co.il.][1]

[1]: http://www.oti.co.il

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WIRELESS GROWTH

U.S. Bancorp Piper Jaffray Managing Director and Senior Wireless
Communications and Mobile Computing Analyst Samuel S. May, delivered a
detailed overview of the trends impacting the wireless equipment build-out in
China. May’s research team recently returned from an extended stay in Asia,
where they sought to uncover the major issues impacting the development of
wireless communications in the People’s Republic of China.

May estimates that worldwide wireless subscribers will grow from roughly
730 million as of year-end 2000 to 965 million as of year-end 2001. Of this
growth, May believes that slightly more than 40 percent will come from Asia
Pacific, which he estimates should account for more than 327.4 million
subscribers by year-end 2001.

May believes that the wireless equipment build-out in China will explode
over the next five years and points to three key drivers fueling the demand
for the significant infrastructure build-out:

1. The Asia Pacific region should represent nearly 34 percent of the
world’s wireless service subscriber base, or 403 million subscribers,
by year-end 2002, representing a projected 23.1 percent year-over-year
growth rate in 2002.

2. The Ministry of Information Industries (MII), China’s communications
regulatory body, unveiled a five-year plan for China to spend
$151.2 billion to expand and improve its telecom infrastructure by
2005. The plan calls for an increase in fixed-line capacity to support
220 million to 260 million fixed-line users, and for an increase in
mobile capacity to support between 260 million and 290 million mobile
users.

3. China’s pending approval to enter the World Trade Organization, and the
recent successful bid to host the 2008 Summer Olympics in Beijing, will
provide additional catalysts to fuel infrastructure spending in the
next several years.

In addition, May believes that China will also become a meaningful
innovator in the development of wireless technology.

“In our view, China Mobile’s strong base of GSM users, juxtaposed with
China Unicom’s up-and-coming Code Division Multiple Access (CDMA) IS-95
network and China Telecom’s Personal Handyphone Set (PHS) wireless local loop
network, should provide an excellent testing ground for the technical and
economic merits of competing 2G and 2.5G wireless technologies,” said May.
“On the eve of the country’s entry into the World Trade Organization, the
ability of foreign vendors such as Motorola (#), Nokia (#), Ericsson (#), and
QUALCOMM (#) to invest in local ventures in China presents obvious
opportunity, as well as some risk. We believe strong domestic partnerships
with local suppliers and manufacturers will be key in establishing
distribution channels and political capital in China-two critical tools
necessary to capitalize on the world’s largest telecommunications
infrastructure build-out to date.”
For more information, please go to .

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based U.S. Bancorp
(NYSE: USB), provides a full range of investment products and services to
businesses, institutions and individuals. The company’s investment banking
business has grown exponentially in the last several years by focusing on the
needs of growth companies in the health care, technology, financial
institutions, consumer and industrial growth sectors. U.S. Bancorp Piper
Jaffray has a national reputation for its expertise in fundamental research
and equity and debt financing. U.S. Bancorp offers a comprehensive range of
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Management, U.S. Bancorp Libra Investments and U.S. Bancorp Piper Jaffray.
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of a tender offer for, the company’s securities of an affiliate. Additional
information is available upon request. Not FDIC Insured. No Bank Guarantee.
May lose value.

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Promisant & FDMS

Promisant Ltd., an international provider of enhanced payment services and First Data Merchant Services, a subsidiary of First Data Corp., announced a strategic alliance designed to strengthen First Data Merchant Services’ global e-processing services for business-to-business and business-to-consumer clients through Promisant’s multi-currency transaction processing platform. Through a single global relationship, Promisant enables multi-national companies to electronically transact with their global customer base, by accepting payment cards in any currency and in any country. The three-year agreement will provide global corporations with comprehensive international, multi-currency payment processing and acquiring solutions. Promisant’s services will be available solely through Express Merchant Processing Services, which is part of an alliance between First Data Merchant Services and The Northern Trust Company.

EMPS merchants will have access to all of Promisant’s international payment services such as multi-currency authorization and settlement services (180 presentment currencies and 15 settlement and funding currencies), account set-up, real-time and batch authorization and settlement, and retrieval and charge back management support, along with online reporting. In addition, Promisant’s services allow business-to-business merchants to transmit Level III data and addendum records in conjunction with the financial records to facilitate invoicing, VAT reclamation, and other administrative tasks.

“When we examined the market needs of multi-national merchants, we designed our product to meet those needs by reducing the cost and complexity of maintaining processor relationships in multiple jurisdictions,” explained Juan Prado, Chairman and CEO of Promisant. “The Promisant network allows multi-nationals to price their goods and services in local currencies utilizing Promisant’s forward exchange rates, and to eliminate their risk of currency fluctuation through Promisant’s centralized, foreign currency, treasury management. Additionally, lost revenues through potential fraud are reduced via a highly-secure, internationally enabled fraud management system.”

“The business relationship between Promisant and FDMS clearly illustrates the ability for two industry leaders to deliver a comprehensive, integrated global payment solution by leveraging their individual strengths,” said John Shlonsky, general manager of EMPS. “In today’s environment, the globalization of commerce creates a host of new requirements for traditional payment providers such as multiple cards types, multi-currency, risk mitigation, consumer privacy and data protection, as well as many other financial and regulatory considerations.”

About Promisant

Promisant is a next generation payment processor headquartered in Bermuda, with offices located in Atlanta, Miami and London. Future plans include offices in Frankfurt, Germany. Promisant delivers end-to-end international-processing solutions to multi-national corporations. Promisant’s customers enjoy the benefits of accepting and managing card transactions in 180 multiple currencies, being able to settle in 15 currencies, supporting numerous card and payment types, and reducing risk through a comprehensive fraud solution. Promisant develops new products that assist multi-national companies expand into new markets with ease and reliability, and ultimately streamlines their global commerce activities. For more information, please visit [www.promisant.com][1].

About Express Merchant Processing Services

Express Merchant Processing Solutions (EMPS) is a leading provider of comprehensive transaction processing services to all types of merchants such as traditional brick and mortar, e-commerce, and Internet, including a specialty in the business-to-business marketplace. EMPS (www.empsebiz.com) is part of an alliance between First Data Merchant Services (FDMS), a subsidiary of First Data Corp., and The Northern Trust Company. FDMS brings the industry’s most advanced front-end and back-office processing services, while Northern Trust provides clearing and settlement services. First Data Merchant Services annually processes and settles almost 9 billion transactions for more than $450 billion in sales. Through relationships with leading financial institutions and independent sales organizations, Merchant Services delivers industry leading electronic payment and e-commerce services and solutions. First Data Corp., with global headquarters in Denver, powers the world economy, serving nearly 2.6 million merchant locations, over 1,400 card issuers and millions of consumers worldwide. For more information, please visit [www.firstdata.com][2].

[1]: http://www.promisant.com
[2]: http://www.firstdata.com

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MELANIE PHONE CARDS

ITS Networks Inc. announced it has signed
an agreement with El Corte Ingles, Spain’s top retailer and department store
chain to distribute its line of “Melanie” calling cards.
El Corte Ingles is one of Spain’s largest companies and has over ninety
stores distributed all over the country. They have agreed to distribute the
“Melanie” cards in all of their shops and department stores. The card itself
will be a prepaid low cost calling card available in 1000 (6.01 euros) and
2000 (12.02 euros) pesetas versions.

At the same time as its introduction into the market, ITS is to launch a
very large marketing campaign in press, radio and exterior supports. The
world famous actress Melanie Griffith will also make several public
appearances in the main El Corte Ingles stores to further promote the product.
The President of ITS Networks Inc (ITSN), Frederic Cohen states that, “A
distribution agreement with El Corte Ingles is a very exciting move for us.
Apart from giving us great prestige, it is very synergistic with our national
expansion plans. Because of the population’s fascination with Melanie, and
her husband Antonio Banderas, we know that this card will be a great success.
The design of the card is still secret but all I can tell you is that it is
absolutely stunning. There will be 5 different designs, and a special
promotion for those wanting to collect all five cards”.

I.T.S. Europe S.L., a wholly owned subsidiary of ITS Networks Inc (ITSN),
is a Spanish telecommunications corporation. ITS offers the market Direct
Pre-Selected Fixed Line Services, Cellular Services, Email, Broadband, Dial
Around Calling, Calling Cards, Auto Dialers, Call Back Services, Business to
Business E-Commerce and other Internet and Web Design Services.

Details

TRM 2Q/01

OR-based TRM Corporation yesterday reported second quarter revenue of $20.4 million, up 5.6% from $19.3 million in the second quarter of 2000. Revenues from the Company’s ATM business drove the revenue increase and contributed $4.5 million of the total for the quarter, up 104%, $2.3 million, from the same period last year. However, TRM’s ATM business recorded a loss of $1.2 million for the quarter. The Company’s e-Commerce unit recorded a loss of $1.1 million before interest, taxes and minority interest. As of June 30, 2001, TRM has 1,847 ATMs installed in the U.S. and the United Kingdom. For complete details on TRM’s 2Q/01 performance visit CardData ([www.carddata.com][1]).

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

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OPC Signs Anchorage

Official Payments Corporation announced the launch of a new service for citizens of the Municipality of Anchorage, AK, which allows them to pay real estate taxes by credit card over the Internet.

The Municipality of Anchorage, AK is the first client to be serviced in the State of Alaska. Now, Anchorage residents can either pay taxes via the Internet by visiting the Municipality of Anchorage website at www.muni.org/treasury/property or www.officialpayments.com, or telephone by calling toll-free 1-800-2PAY-TAX. American Express, Discover Card, MasterCard and Visa are the cards accepted by the program. Real estate taxes are due August 15, 2001. Official Payments Corp. charges taxpayers a nominal convenience fee for processing these credit card transactions.

“We continuously strive to provide effective, innovative and convenient service options for our taxpayers. We feel that Official Payments Corp. will be able to deliver that service to our taxpayers as they have been successful with other clients in the United States,” said Dan Moore, Treasurer of the Municipality of Anchorage, AK. The agreement will assist the Municipality of Anchorage, AK in the collection of over $200 million in real estate taxes annually. “This service will be available 24 hours a day, 7days a weeks, making it accessible for all taxpayers while simplifying the process,” added Treasurer Dan Moore.

There are over 80,000 real estate property parcels within the Municipality of Anchorage, covering over 1,900 square miles of land. Taxpayers in Anchorage made real estate property tax payments with an average obligation of $3,200.00 a bill to the Anchorage Municipality treasury that represented over $200 million.

Official Payments has similar agreements with over 900 government entities across the country. The company has contacts with the Internal Revenue Service and eighteen state governments and the District of Columbia to collect taxes, fees, and fines by credit card over the Internet and telephone.

Official Payments Corp. charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at www.officialpayments.com. For example, a taxpayer who owed Anchorage $3,200.00 in real estate taxes and charged their taxes would find a total of $3,287.00 on their credit card statement: $3,200.00 for the tax bill and $87.00 for the convenience fee. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back or airline frequent flyer miles for paying their taxes.

About Official Payments Corp.

Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 900 county and municipal governments in 48 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments.

Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company’s success in new client acquisition, increasing business with its existing clients and in building consumer awareness can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.

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FDC Signs Scotiabank Inverlat

Electronic commerce and payments leader First Data Corp. announced its card processing subsidiary, First Data Resources, has signed a multi-year contract renewal with Scotiabank Inverlat.

Scotiabank Inverlat is a leading banking institution in Mexico with headquarters in Mexico City. The bank will partner with First Data to receive bankcard processing and other card portfolio management services.

“As a 30-year leader of the card industry, First Data provides us access to a unique array of products and services that help Scotiabank Inverlat execute its plans to grow and diversify our portfolio,” said Carlos San Martin, director of central operations for Scotiabank Inverlat. “We are pleased with First Data’s commitment to providing the advanced tools and technology we need to serve our cardholders and gain a competitive advantage in the marketplace.”

Scotiabank Inverlat has been a First Data client since 1994. In addition to Scotiabank Inverlat, First Data processes for three leading financial institutions in Latin America.

“Scotiabank Inverlat is a leader in the Mexican card marketplace and we are very pleased to continue providing the state-of-the-art functionality and expertise needed to successfully manage and grow its card business,” said Eula Adams, senior executive vice president and head of worldwide card operations for First Data. “In addition, this agreement underscores our international growth strategy and our commitment to provide leading-edge payment services to Latin America and other international markets.”

First Data processes for nearly 300 million accounts on file around the world. For more than 30 years, First Data has developed products and services which enable card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability.

About Scotiabank Inverlat

Grupo Financiero Scotiabank Inverlat S.A. de C.V. is one of the principal financial groups in Mexico, with more than 400 branches and almost 1,000 ATMs throughout Mexico. First quarter net income after tax for the Group was $31 million (P$183 million). Scotiabank has a 55% ownership stake in Inverlat. The Group employs approximately 7,200 people across its three main affiliates, Scotiabank Inverlat S.A., Scotia Inverlat Casa de Bolsa S.A. de C.V. and Scotia Inverlat Casa de Cambio S.A. de C.V. Together, these companies offer an integrated suite of financial products and services for the entire spectrum of customers – from individuals and small businesses up to the most sophisticated multinational corporations. See Scotiabank Inverlat at [www.scotiabankinverlat.com][1].

Scotiabank is one of North America’s premier financial institutions, with about $275 billion in assets and approximately 52,000 employees worldwide, including affiliates. It is also Canada’s most international bank with more than 2,000 branches and offices in over 50 countries.

About First Data

First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the global economy. As the leader in electronic commerce and payment services, First Data serves approximately 2.6 million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With 27,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union® money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Canada, Mexico, Spain and Germany. Its money transfer agent network includes approximately 109,000 locations in more than 186 countries and territories. For more information, please visit the company’s Web site at [www.firstdata.com][2].

[1]: http://www.scotiabankinverlat.com
[2]: http://www.firstdata.com

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Taxi Cards

Even though credit cards are widely accepted in taxis from London to Sydney, credit cards may soon work their way into taxis in the Big Apple. The New York State Federation of Taxi Drivers says it has tested and approved a credit card program for livery cabs. About 29,000 livery cabs provide service in areas of New York where yellow taxis don’t operate for economic, safety, and sometimes racist reasons. The drivers often use their own cars and serve the communities where they live. Partners in the livery cab program, which utilizes wireless credit card terminals, include Cynergy Data, Lipman USA and U.S. Wireless Data. When a passenger presents a credit card to a driver, the transaction is communicated from the terminal to the cardholder’s bank and back via ‘Synapse’ technology from U.S. Wireless Data. The wireless terminals are manufactured by Lipman USA and transaction processing is provided by Cynergy Data. The system will also have a button to dial 911 and a GPS system to help law enforcement locate a missing vehicle. The terminals will accept VISA, MasterCard, American Express, Discover, and other forms of payment cards.

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Linux POS Terminals

Wincor Nixdorf Inc., announced plans to offer Linux as a platform for migrating DOS-based POS systems to full-function, next-generation POS solutions.

The migration offering marks another step in Wincor Nixdorf’s ongoing commitment to assist retailers in building modern POS solutions based on the Red Hat Linux platform.

With the support of Red Hat Inc., Wincor Nixdorf has developed a tool set that enables the technical layer of a DOS-based application to be replaced by a Linux-based technical layer. As the interface to the technical layer does not change for the POS application, implementation of the business rules remains the same, thus protecting the customer’s software investment.

“Many POS systems are still running on DOS, because a considerable number of retailers don’t want to lose the enormous investment made in their existing DOS-based applications,” said Jeff Soisson, vice president, Retail Solutions Group, Wincor Nixdorf. “By replacing the underlying operating system (OS) platform, we can offer retailers a migration path toward a modern POS solution environment that supports advanced POS functionality such as customer relationship management and multi-channel retailing.”

“The open strategies of Wincor Nixdorf have resulted in a customer-driven solution in which retailers and their customers are the winners. Wincor Nixdorf’s business model is built around listening to retailers, then applying our years of retail experience and technology know-how to help them make sound investments that drive productivity and reduce costs,” added Soisson.

Initiated in 1998, Wincor Nixdorf’s dedicated work with Linux for retail POS is unprecedented. Wincor Nixdorf’s long-standing investments and achievements include:

— First retail-hardened thin-client POS system — BEETLE /NetPOS

— First Linux-ready POS system platform in production — the BEETLE family

— First thin client competency labs focused on Linux-based POS systems

— Significant Linux-based POS engagements at leading retailers worldwide including Burlington Coat Factory, Carrefour, DIA, and co op Schleswig Holstein eG

— First globally-managed, network centric in-store solution — SmartClient

— First POS vendor to offer a complete set of JavaPOS drivers for Linux

— Active participation in ARTS, JavaPOS and UPOS standards committees

The BEETLE Family of POS Systems

Wincor Nixdorf’s BEETLE family of POS systems addresses the complete spectrum of customer touch points in the retail store environment. With solutions that encompass thin-client POS terminals, lean- and thick-client POS systems, kiosks, lottery terminals, and mobile POS devices, the BEETLE family is the industry’s most comprehensive POS product line. An open design supporting commonality of components across the entire BEETLE family substantially simplifies software deployment and hardware maintenance, keeping costs down and productivity high.

More than just PCs, BEETLE systems are rugged, designed to withstand the rigors of retail environments. All systems include standard retail interfaces, accept a wide range of peripherals, and are compliant with established retail software standards. Standard operating systems include Red Hat Linux, the Microsoft(R) Windows(R) family and Microsoft DOS.

The BEETLE family of POS systems is the industry’s first and only complete line of customer-proven, Linux-ready POS systems in production. The systems also offer the most expansive and complete set of JavaPOS(tm) drivers for POS peripherals.

About Wincor Nixdorf

Worldwide, Wincor Nixdorf Inc. is one of the fastest growing providers of IT products and solutions for the retail and banking industries. Wincor Nixdorf’s offerings include hardware, application software, professional services and a complete range of service programs including on-site support, depot service and Advanced Exchange. Wincor Nixdorf is the world’s third largest provider of POS systems and automated teller machines. Employing more than 4,600 people, Wincor Nixdorf operates in 40 countries with manufacturing plants in Germany and Singapore. North American headquarters are in Austin, Texas. For more information, visit [www.wincor-nixdorf.com/usa][1].

[1]: http://www.wincor-nixdorf.com/usa

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Active Card Control

VISA U.S.A. and Works, Inc. have teamed to deliver a unique feature called ‘Active Card Control’. The solution gives midsize companies the flexibility to choose card controls most beneficial to their business, including the ability to dynamically control and manage their VISA commercial card spending through the Web. The ‘ACC’ feature gives companies the ability to use the ‘Works Procisa’ procurement application to customize controls on VISA commercial cards for individual employees and require pre-approval, by purchase type and dollar amount, of purchases before they are made with the card. After an employee’s purchase request is routed and approved through the ‘Procisa’ application, the card controls are adjusted instantly, increasing spending limits to allow for the designated purchase. Once the transaction is completed, the card is automatically reset to its normal limits.

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Slowdown Continues

While strong consumer spending has held off a full blown recession this year, there are cracks appearing in the consumer debt data. For the first time in four years, consumer borrowing for automobiles, mobile homes, big-ticket items, and other non-revolving loans has declined. Revolving credit, mostly credit card debt, is also beginning to slow, according to preliminary figures released yesterday afternoon by the Federal Reserve. During June, non-revolving debt declined $3.8 billion, or at a negative annual rate of 5.2%. Meanwhile, American consumers added $2.3 billion to total revolving debt, the smallest monthly increase so far this year. As a result, revolving debt, 95% of which is credit card debt, slowed to an annual growth rate of 3.9% during June. During June 2000, consumer revolving debt increased by $5.8 billion. The slowing pace has been attributed to rising unemployment and may signal an impending slowdown in other borrowing, including mortgages. Total U.S. revolving consumer debt now stands at $703.4 billion which includes about $675 billion in credit card debt. Overall, consumer debt declined 1.2% during June. At the end of June, American consumers were $1.590 trillion in debt, exclusive of home mortgages.

REVOLVING CREDIT HISTORICAL
($billions)

Jun01 May01 Apr01 Mar01 Feb01 Jan01 Dec00
%GRWTH: 3.9% 6.0% 14.2 11.9 20.8 11.6 5.0
$OWED: $703.4 701.1 697.6 688.2 681.4 670.3 663.4

Nov00 Oct00 Sep00 Aug00 Jul00 Jun00 May00
%GRWTH: 10.9% 4.7% 7.8 12.6 6.7 11.2 12.7
$OWED: $660.6 654.8 649.3 645.1 638.2 634.7 628.9

Source: Federal Reserve; revised figures as of 08/07/01;
For complete historical data visit www.carddata.com.

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