NCR Corporation announced a major “first in the world” advance in security and
prevention. An NCR ATM application solution for chip (or smart) cards in
Denmark has passed all the applicable EMV Level 2 tests and is set to become
EMV Level 2 approved by Visa and EMVCo.
This is a major achievement and allows full end-to-end security and
encryption features which will reduce fraud. Migration to chip card
technology is seen as an essential step in countering plastic card fraud and,
in particular, as a means of preventing the rising threat of counterfeit card

NCR received EMV Level 1 approval in February 1999 and now becomes the
first ATM manufacturer to support end-to-end chip (or smart) card
transactions. Today’s announcement heralds a significant development in
expediting the global rollout of chip cards.
The EMV Group was established in 1993 and consists of representatives from
Europay, MasterCard and Visa. Together they devised industry specifications
for chip cards, terminals and applications to ensure consistent, secure
interoperability. EMVCo ensures that single terminal and card approval
processes are developed at a level that will allow cross payment system
interoperability through compliance with the EMV specifications. The NCR
solution complies with the EMV 3.1.1 Credit and Debit Chip Card specifications
developed by EMVCo.

With EMV approved hardware (Level 1) and EMV approved software (Level 2),
the ATM deployer can now provide the support required for end-to-end chip
transactions. With the appropriate upgrades to the ATM switch and host
software, the transaction acquirer can demonstrate compliance to the
international card scheme mandates and qualify for any incentives made
available under the chip migration program.

Christophe Primault, vice president, global marketing and communications
at NCR’s Financial Solutions Division, welcomed today’s announcement.
“This is the culmination of a great deal of work to solve a difficult
technical problem. With around 300 different software applications in use in
Europe alone, the development of the ‘NCR FBD EMV Application Kernel’ will
make the task of individual ATM deployers easier in obtaining approval for
their applications,” he said.

About NCR Corporation

NCR Corporation (NYSE NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 32,900 in
more than 100 countries, and is a component stock of the Standard & Poor’s 500
Index. More information about NCR and its solutions may be found at http// .



technology companies Cloakware Corporation, Certicom, Communication
Intelligence Corporation and Neomar, this week demonstrated the industry’s
first biometric-enabled end-to-end PKI security
solution that safeguards e-business transactions using wireless devices.

Today’s demonstration illustrates how Cloakware’s Tamper Resistant
Software technology is used to protect biometric signature verification
software from Communication Intelligence Corp., which in turn, is used to
release a digital certificate using Certicom’s wireless Public Key
Infrastructure. This real-world application demonstration was performed
using a standard Palm VII and the Neomar WAP-enabled browser enabled with WPKI
from Certicom.

“The solution provides a user experience that is as natural and secure as
signing a credit card slip which ties the individual to the transaction,
rather than the device to the transaction” says Fariborz Fallah, Cloakware’s
President & CEO, “Cloakware’s TRS is the enabling technology offering the
market the first solution for a “me”-commerce society”.

“The ability for consumers to use their own handwritten signatures to
gain access to mobile commerce and financial services makes these services
easier to use, while also enhancing security,” said Greg Wolfond, Chairman,
724 Solutions Inc. “This biometric PKI solution is made possible through the
cooperation of some great companies and their winning technologies, and
724 Solutions is proud to have been the catalyst that brought these key
players together.”

The biometric PKI solution is the culmination of research and development
of secure software-based cryptographic key storage with biometric access
control first undertaken by 724 Solutions with Cloakware and CIC in 1999.
“Adding a biometric component to Certicom’s leading PKI solution further
safeguards m-commerce transactions,” said Prakash Panjwani, Vice President of
Business Development of Certicom. “Certicom continues to provide its leading
security for the industry’s most cutting edge solutions that address the
critical issues associated with today’s wireless economy.”

This secure wireless solution is completely unique and offers various
benefits for today’s brokerage firms, trading exchanges, and e-businesses. The
need for up-to-the minute secure mobile access for those needing to make
transactions quickly, no matter their location is one example, but the
benefits for e-businesses include lower operational costs such as a 75%
savings in credit card service charges as a result of the reduced fraud risk.
“Our partners and customers need to deploy a wireless solution that
offers end users peace of mind that their transactions are absolutely secure,
and this solution provides them with that peace of mind,” said William R.
“Butch” Winters, Neomar CEO. “Neomar has demonstrated its commitment to
delivering secure solutions by being the first company to deploy WPKI in our
browser, which enables digital signatures on wireless devices to become a

“A higher level of non-repudiation protection can be provided through the
use of biometric technology, stated Guido DiGregorio, CIC’s President & CEO.
“Combining tamper resistant software, biometrics and cryptography protects
users from fraud in the most vulnerable of environments and makes the
implementation of electronic transactions and correspondence as natural as
signing your name.”

About Cloakware


Cloakware Corporation is the world’s leading provider of tamper-resistant
software (TRS) technology and applications. Cloakware TRS technology protects
software applications and platforms from modification and reverse engineering
attacks by hackers. Cloakware TRS compliments today’s security infrastructures
by extending trust to software and it is a key infrastructure technology for
the future of E-commerce. Cloakware is working with leading OEMs to co-develop
and embed its patent-pending TRS technology into products for several high-
growth markets including mobile commerce, privacy applications, interactive
Digital TV (iDTV) and Digital Rights Management (DRM). Cloakware Corporation
( is a privately-held software
company headquartered in
Ottawa, Canada.

About Certicom


Certicom is a leading provider of information security software and
services, specializing in solutions for mobile e-business. The company’s
products and services are specifically designed to address the challenges
imposed by a wireless data environment. Certicom’s solutions incorporate its
efficient encryption technology and are based on industry standards for
information security that utilize public key cryptography. Certicom’s products
are currently licensed to more than 150 customers including Cisco Systems
Inc., Handspring Inc., Motorola, Inc., NeoPoint, Inc., Nortel Networks,
Openwave Systems, Palm, Inc., Pixo, Inc., QUALCOMM, Inc., Research In Motion
Ltd. and Sony International (Europe) GmbH. Certicom’s headquarters and
worldwide sales and marketing operations are based in the Silicon Valley in
Hayward. For more information, visit Certicom’s Web site at

About CIC


Communication Intelligence Corporation (CIC) is the leading supplier of
natural input and electronic signature solutions for wireless Internet and e-
Commerce applications enabling the world with “The Power to Sign OnlineTM”.
The Company’s core software technologies include multilingual handwriting
recognition systems, biometric signature verification, natural messaging, and
operating system extensions that enable pen input. CIC’s products are designed
to increase the ease of use, functionality, and security of wireless
electronic devices ranging from handheld companions to cellular phones.
Ericsson, Fujitsu, Hitachi, Microsoft, Mitsubishi, National Semiconductor,
Symbian and IBM among others have licensed the company’s technology. CIC is
headquartered in Redwood Shores, California and has a joint venture, CICC, in
Nanjing, China. For more information, please visit our website at http//

About Neomar


Neomar is the leading provider of end-to-end wireless software that
enables the management and secure delivery of enterprise applications to smart
devices. Neomar’s standards-based browsers, Enterprise Servers, and service
provider products support any smart device over any wireless network. Neomar
partners with premier systems integrators, wireless carriers, and technology
companies to bring a full suite of wireless services to business customers. In
addition, Neomar powers solutions from Cingular Interactive, Bell Mobility,
and Motient Corp. Neomar, a privately held company based in San Francisco,
California, was founded in July 1999. For more information, please call 415-
403-7300 or visit Neomar’s web site at



The Reserve Bank of Australia is taking over the regulation of credit cards
in Australia, following a decision by the Payments System Board. The
‘Payments Systems Regulation Act 1998’ covers VISA and MasterCard credit
card systems. The Bank and the Australian Competition and Consumer
Commission have proposed limiting annual fees which total about A$600.



Due to rapid expansion SIM card and solutions provider Bluefish Technologies
has moved from serviced office accommodation in Reading, UK to their own new
office building in nearby Ruscombe. The move has been necessitated by
Bluefish’s need to recruit more staff and accommodate their fast growing team
of application development engineers.

The new offices are within easy reach of Reading, the M4 and M40 motorways and
are conveniently situated for access to Heathrow Airport. The completely
restored 200 year old barn based building provides modern office facilities in
an attractive location. “We are recruiting heavily and in what is a very
competitive environment we needed to have offices which would cope with our
continued expansion and be appealing to prospective employees and
customers. At
Castle End Park we have all this and more.” Said Jon Twigg, Managing Director
of Bluefish.

Bluefish are currently recruiting application development engineers, sales and
marketing personnel and customer service and support staff. More details
can be
found on the company’s web site at
Bluefish Technologies is a SIM solutions provider founded in 2000, with
from ACG AG*, and is the only smart card supplier to focus entirely on the
wireless telecommunications industry. With offices in Germany and the UK, and
more to follow worldwide, Bluefish pioneers a “virtual” approach to SIM card
production and draws upon over 150 years experience of the GSM sector.

SIM applications are currently in their infancy but are already a key
differentiator and revenue generator for network operators. As mobile networks
progress from providing predominantly voice based services (2G) towards third
generation (3G) technology the nature of applications and services will change
radically. It will be these SIM enabled applications at the heart of the
wireless future, operating on open platforms with high levels of security.
Visit for further information.

* ACG AG with headquarters in Wiesbaden and Munich is a high-tech broker for
chips and smart cards and market and technology leader for contactless chip
applications. In the fiscal year 2000 (ending December 31) the turnover
rose to
362.8 million Euro and the EBITDA reached 13 million Euro. The company employs
462 people and has a presence at 32 international locations in 17 countries.



Ingenico S.A. and IVI Checkmate Corp. announced that they have
entered into a merger agreement in which
Ingenico has agreed to acquire all of the outstanding shares which it
does not already own of IVI Checkmate in a cash acquisition valued at
approximately US$55.3 million or US$3.30 per share, representing a 65%
premium over the closing price of IVI Checkmate’s common stock on
April 5, 2001. The acquisition has been approved by a special
committee of the IVI Checkmate’s board established to consider
proposals from Ingenico and the board of directors of both companies.

The acquisition of IVI Checkmate is a natural extension of Ingenico’s
extensive portfolio of secured transaction products as IVI Checkmate
provides products and systems that will enhance Ingenico’s current
offerings. The acquisition will strengthen Ingenico’s position as a
leading provider of products and systems in the field of secured
transaction technologies and serves as a platform to expand Ingenico’s
operations in North America.

L. Barry Thomson, President and CEO of IVI Checkmate said, “We welcome
the opportunity to join forces with Ingenico. We believe this
transaction will benefit our customers and suppliers while delivering
a substantial stock price premium to our stockholders.”

Jean-Jacques Poutrel, Founder, Chairman and CEO of Groupe INGENICO,
said, “This acquisition is of strategic importance to Ingenico’s
international operations as we believe it will enable us to achieve
our stated objective of fulfilling customers’ payment and transaction
automation requirements throughout the world.”

Simultaneously with the execution of the merger agreement, Ingenico
made a direct investment in IVI Checkmate by purchasing approximately
2.6 million shares of newly issued IVI Checkmate common stock for an
aggregate purchase price of approximately US$5.2 million (representing
the closing price for shares of IVI Checkmate’s common stock on the
last full trading day prior to execution of the merger agreement).
IVI Checkmate will use these proceeds for working capital and other
general corporate purposes. This investment increases Ingenico’s
ownership of IVI Checkmate’s outstanding common stock to approximately

19.9% on a fully diluted basis.

The merger is expected to close during the third quarter of this year,
subject to the approval of shareholders and regulatory authorities and
satisfaction of other customary conditions. Wachovia Securities, Inc.
served as the financial advisor to IVI Checkmate.

About Ingenico

Ingenico which is generally considered the inventor (1980) of the
modern electronic payment terminal, is a leading provider of smart
card based secured transaction products and systems. It has
subsidiaries and partnerships all over the world and customers in over
50 countries and territories where its installed base exceeds 3
million point-of-sale terminals. See for more

About IVI Checkmate

IVI Checkmate is a major electronic transaction solutions provider in
North America. The company designs, develops and markets innovative
payment and value-added solutions that optimize transaction management
at the point-of-service in the retail, financial, travel &
entertainment, health care and transportation industries. IVI
Checkmate’s software, hardware and professional services minimize
transaction costs, reduce operational complexity, and improve
profitability for its customers in the U.S., Canada and Latin America.



Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corp., has
won a contract for approximately US$18 million from TransLink, of Vancouver,
B.C., for 160 new touchscreen-enabled ticket vending machines.
The Cubic machines will issue tickets good across the region’s rail, bus and
ferry public transit systems.

Cubic’s high-tech magnetic ticketing will serve as the base technology for the
new machines, which will be smart card-ready for future upgrades.
The ticket vending machines will be equipped with smart card readers.
Initially, TransLink will use the smart card readers for employee access to
ticket vending machines for maintenance and revenue collection.
The payment options for farecard sales include Canadian bank notes, Canadian
and U.S. coins, and credit or debit cards, and the machines issue a printed
receipt for all passenger transactions. Up to eight languages can be
into the machine. Braille instructions and audio assistance also are included
for passenger interaction.
Cubic is the world’s leading system integrator for regional multi-operator
intermodal ticketing systems. Installations include New York and Chicago,
passengers use the same farecard to ride bus and rail. Cubic’s smart card
systems are in North America (Washington, D.C. and Chicago), Europe and Asia.
Cubic’s touchscreen model vending machines are a proven system in New York,
where more than 1,500 machines are in operation. They will be installed on
Vancouver’s two rail lines, the Expo Line and the expansion Millennium Line,
both operated by B.C. Rapid Transit Co. , a division of TransLink. The new
rapid rail line has 13 stations, and the Expo Line has 20 stations.
The new machines’ advanced design emphasizes customer friendliness, economy of
operation, and stringent security to prevent vandalism. They are replacing the
current ticketing machines that have been in operation in the Vancouver system
for more than 15 years.
Passengers will be able to use the same magnetically encoded ticket to ride
Expo Line and the Millennium Line, currently under construction by the Rapid
Transit Project 2000 (RTP), which is owned by the Province of British

The two lines also share intermodal compatibility with the bus and ferry
systems operated by TransLink’s subsidiaries.
The new electronic bus fare collection system for TransLink was designed by
Cubic and currently is being installed in the city’s 1,268 buses.
Cubic is the world’s largest supplier of integrated ticketing and automated
fare collection systems for mass transit, as well as the technology developer
behind the Nextfare(TM) Solution Suite, a package of advanced tools that
can be
integrated into any automatic fare collection system. An example is Nextfare
Express — called SmartBenefits by WMATA — which enables employers to
and conveniently deliver transit benefits to a customer’s smart card.
On an annual basis, at least 10 billion passengers pay for their mass transit
rides using Cubic-designed payment systems in more than 40 major markets on
five continents, including London, Washington D.C., Hong Kong, Chicago, New
York, Guangzhou, Shanghai, Atlanta, San Francisco, Sydney, Singapore and
among other major installations.



JCB, Hitachi Software Engineering and Cab Card Service Ltd. have jointly
developed a system that enables users to pay for taxi rides with smart
cards instead of vouchers. CCS will collect electronic fare data
transmitted from smart card terminals installed in taxis, and JCB will
utilize the data to bill users and issue payment to taxi companies. The
companies plan to bring the new system on line this month, outfitting about
30,000 metropolitan area cabs with smart card terminals in the first year.



The PhoneMiles Reward Program was initially launched on January 15th, 2001
in the Toronto area, with the intention of capturing a significant share of
the retail long distance market. Consumers no longer need to pay for their
long distance calling regardless of the destination once they become
PhoneMiles Reward Program members.

The PhoneMiles Reward Program has been designed to neutralize the
competition in the retail long distance calling market without having to
sacrifice any of its profit margins. The PhoneMiles Reward Program adopts
the stored-value concept. It allows consumers to earn and accumulate FREE
long distance airtime from every purchase they make with our Retail
Partners through the UniLink Point-of Sales System. It is cost efficient,
easy to manage and above all, beneficial to both the Retail Partner and

This system has been based upon similar technology which consumers use
everyday. Each participating retailer receives a Unilink P.O.S. terminal
and a supply of PhoneMiles cards. The first time a consumer visits any of
our Retail Partner outlets (restaurants, convenience stores, bookstores,
gas stations, etc.) and makes a purchase, they will be invited to become a
member and will be gifted with FREE long distance airtime.
Every time a member makes a further purchase in any of these retail
outlets, they will be gifted with more FREE long distance airtime. The
retailer will swipe the membership card with the UniLink P.O.S. System to
recharge it with more long distance airtime. The value of the reward is
determined with a formula based on the amount spent and where the purchase
was made. The average reward is valued at approximately 3%-20% of the
purchased amount.

For example if a member buys dinner at a participating Retail Partner
restaurant and spends $100.00, when they swipe their PhoneMiles(TM) card
they receive approximately $10.00 in FREE long distance airtime to use at
their discretion.

Preliminary Results

In the first 75 days of the PhoneMiles(TM) Reward Program, UniLink has
signed up over 255 Retail Partners, mainly in the Greater Toronto area,
with more than 16,500 PhoneMiles(TM) members. To date, the market response
has beaten all forecasts.
UniLink is expecting to initiate this program in the Vancouver area within
the next 30 days.

The IPS Agreement

UniLink has entered into an agreement with IPS International Payment
Solutions. Inc (“IPS”) for IPS to develop a point of sale system (“IPS”
system) allowing for management of data arising from the point-of-sale
activation of pre-paid long distance calling cards or any other
stored-value card at retail locations and consisting of point-of-sale
terminal software and a gateway database software.
UniLink has been granted the licence to use the IPS system on an exclusive
basis in Canada and Hong Kong for a term of 3 years. UniLink also owns all
related source codes of the software and has the right to further modify it
for any future requirements. During the 3-year term, UniLink shall
exclusively engage the IPS system solely for providing UniLink’s telecom
services to its customers or members. At the end of the 3-year term,
UniLink shall automatically acquire the unlimited and unrestricted use as
well as the ownership of the IPS system including all applicable software
and/or hardware.

In return, and subject to regulatory and Board approval, UniLink shall pay
IPS $250,000 Cdn. The first $15,625 Cdn will be the only cash payment. With
the remaining balance to be settled with an issuance of common shares of
UTI. Such issuance of the common shares of UTI to IPS shall occur upon
completion of installing, training and testing of IPS system, but no later
than 30 days from the completion of training. The number of shares to be
issued will be determined by the average closing price of UTI for the 10
trading days immediately preceding the date of issue. IPS will also agree
to a time-release escrow of the UTI shares in accordance with the policies
of the CDNX.



Schlumberger Limited announced that Irwin Pfister is appointed executive vice
president of the new Schlumberger Sema business.
Schlumberger Sema is comprised of Schlumberger Test & Transactions and
Management Services, including the recent acquisitions of CellNet, the
Convergent Group, Bull CP8 and Sema plc.
Mr. Pfister was formerly executive vice president for Schlumberger Test &


MBNA 1Q/01

MBNA reported this morning that it added 2.5 million new accounts during the first quarter, however total managed loans dropped slightly from $88.8 billion for 4Q/00 to $88.0 billion for 1Q/01. Delinquency edged up to 4.60%, compared to 4.49% for the prior quarter, and 4.35% one year ago. Chargeoffs increased from 4.06% for 1Q/00 to 4.35%. While charge volume increased 12.4% over 1Q/00, it declined sharply compared to the fourth quarter. First quarter charge volume was $31.8 billion compared to $34.9 billion for 4Q/00 and $28.3 billion for 1Q/00. MBNA has approximately $70 billion in domestic credit card loans according to CardData. During the first quarter, MBNA signed up 121 affinity card programs worldwide. As of Mar. 31, nearly 1.8 million MBNA customers have enrolled to use ‘NetAccess’, MBNA’s online service, including 376,000 in the first quarter. For the first quarter of this year, MBNA added 210,000 new customers via the Internet. For complete details on MBNA’s 1Q/01 results visit CardData ([][1]).



AAA 2000

Regardless of economic status the desire to save money is nearly universal. Smart consumers know there are deals to be found in purchasing travel, entertainment and merchandise, and millions of AAA members have found the AAA Show Your Card & Save program one of the best ways to do so.

Last year, AAA members saved more than twelve million times at merchants affiliated with the nation’s largest motoring and leisure travel organization. They received a total of $315 million in discounts on everything from hotel rooms, airplane and train tickets, restaurants, rental cars, theaters, theme parks, vision care, outlet shopping, online shopping, car washes, oil changes, auto parts and flowers.

“The AAA Show Your Card & Save(R) program has become one of the most universally known and understood discount purchasing programs in existence,” said Tom Wilt, managing director of AAA Partnership Programs. “The AAA membership card has become the most recognized and used `coupon’ across North America,” he said.

Conceived as a way to offer special values to AAA members when traveling, transaction volume for the 44-million-member Association’s discount program grew 14 percent last year. Reasons for the expanded use include heightened awareness among consumers, and a broadened program scope that now includes non-travel items and services.

“AAA is always looking for partnerships that offer quality values to members that are not readily matched elsewhere in the market,” Wilt explained. “Our new partnership with Tanger Outlet Malls is a good example because the offer combines a vacation activity popular with members with the universal appeal of saving money on consumer merchandise.”

For AAA members, the Show Your Card & Save(R) program is eminently easy to use.

Members can locate the merchants near them using or simply look for merchants displaying the AAA Show Your Card & Save(R) logo and then produce their AAA membership card when making a reservation, or paying for a purchase. In return, they receive a pre-determined discount, usually between 5 and 30 percent, or a special benefit not available on the same terms to other customers.

AAA provides members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers.

AAA News Releases are available from