PPP Hires Moser

Perfect Plastic Printing is pleased to announce the appointment of Dave Moser as Director of World Sales. Dave comes to PPP with over 22 years of credit sales management in both national retail credit and a Visa and Mastercard issuing bank.

Dave has a BA from the University of Minnesota and an MBA from the Carlson School of Business at the University of Minnesota. Dave also attended the American Bankers Association School of Bankcard Management.

Perfect Plastic Printing has been a world leader in the manufacture of credit cards for over 35 years and is located in St. Charles, IL.


FDMS & Kinzan

First Data Merchant Services Corp. and Kinzan, provider of a leading platform and brandable suite of applications for content management, commerce and communications, have signed a joint marketing agreement to provide payment enabled e-business opportunities to FDMS clients and their merchants.

Under the terms of the agreement, Kinzan and First Data Merchant Services will jointly market Kinzan’s suite of applications, using the SurePay payment gateway. The SurePay payment gateway enables merchants to process online payments including credit card transactions, and check payments via First Data’s TeleCheck subsidiary, and cash payments through First Data’s Western Union subsidiary.

“As the leader in payment processing, First Data Merchant Services recognizes the important role that e-business solutions play in the industry,” said Kurt Strawhecker, senior vice president, First Data Merchant Services. “Working with Kinzan enables First Data to continue to provide leading-edge technology to our clients and their merchants. First Data clients that use Kinzan’s applications can offer a turnkey e-commerce solution to their merchant and small business customers.”

“An effective online presence is critical to the success of all businesses-both big and small. We are pleased to work with First Data to deliver their clients leading edge technology they need to create, manage and deploy a fully operational e-commerce site that incorporates the SurePay(R) payment gateway,” said Gari Cheever, President and CEO of Kinzan.

FDMS clients can easily create an Internet presence for themselves and their merchants through Kinzan’s step-by-step online applications. Kinzan’s suite offers the core functions — content, commerce and communications – that businesses today need to be effective on the Internet. The suite, together with integrated third party applications, provides a wide range of capabilities such as content management, mapping, storefront builder, e-mail, and affiliate marketing, among others, for FDMS clients to differentiate their products and services on the web.

Kinzan’s patented e-commerce technology enables merchants to build Web Sites and virtual catalogs quickly and easily, without any prior technological knowledge. These personalized storefronts are complete with ready-to-use features, including flexible payment processing services, shopping carts, shipping management, tax management, online payment management, sales and promotions, and much more.

About First Data

Atlanta-based First Data Corp. (NYSE: FDC) helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two 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 more than 30,000 employees worldwide, the company provides credit, debit and stored- value card issuing and merchant transaction processing services; Internet commerce solutions; money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Mexico, Spain and Germany. In addition, its Western Union(R) network includes approximately 90,000 agent locations with operations in 182 countries and territories. For more information, please visit the company’s Web site at [http://www.firstdata.com][1].

About Kinzan

Kinzan provides a leading platform for central organizations to extend and manage their network of business and channel relationships on the Internet. The company’s brandable suite of applications for content management, commerce and communications enable the central organization to extend its business model online with uniform control, while offering affiliates the flexibility to tailor content to meet local market needs. The Kinzan platform includes our suite of hosted applications, configurable hardware, scalable hosting services, open development and deployment capabilities, and customer care programs. Our customers include Autotrader.com, Avon, Carlson Wagonlit Travel, Chase Merchant Services, Knight Ridder Real Cities, Maytag, USA Gymnastics, and Wild Birds Unlimited, among others. The company, founded in 1998 as a spin off from iXL Ventures, a leading strategic Internet services company, is headquartered in Carlsbad, California, with additional offices in Europe. More information about the company’s products and services can be found at [http://www.kinzan.com][2].

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


CU Card Acquirer

Atlanta-based InfiCorp has purchased another credit union portfolio. The credit card portfolio management company is acquiring the $7.5 million unsecured credit card portfolio of North Coast Credit Union of Bellingham, WA. The latest acquisition follows on the heels of another credit union credit card portfolio acquisition. On Aug. 4, InfiCorp announced the purchase of the $63 million unsecured credit card portfolio of Teachers Credit Union, Indiana’s largest credit union. Under terms of both credit union deals, InfiCorp will provide unsecured credit card products and services to members and potential members of both credit unions. Early this summer, InfiCorp Holdings became a subsidiary of First National of Nebraska. InfiCorp Holdings includes subsidiaries: Infistar, InfiBank, InfiLink and InfiCU. Between InfiCorp and FNB there are nearly $3.5 billion in credit card loans under management. Jerry Craft, formerly with Wachovia and First Data, is CEO of InfiCorp, and oversees approximately 200 employees. (See CF Online Library 6/1/00 and 8/4/00).



First Data Merchant Services, one of the nation’s leading providers of electronic commerce solutions for hundreds of financial institutions and nearly two million businesses, and a subsidiary of First Data Corp. announced it has signed a long term merchant processing and joint marketing agreement with International CyberTrans, L.L.C, an Independent Sales Organization and one of the leading bankcard and information processing service providers.

![][1] The merchant processing agreement includes transaction and authorization processing, settlement and other services to International CyberTrans merchants. The agreement also includes a marketing component to assist International CyberTrans in growing their business. Using FDMS’ Omaha platform, which is used by many of the industries’ largest Independent Sales Organizations, services will be provided including wireless point-of-sale terminals and the First Data SurePay(R) payment gateway. The SurePay(R) payment gateway is the industry’s first stand-alone payment gateway that supports electronic credit, check and cash payments over the Internet.

“International CyberTrans’ selection of First Data Merchant Services exemplifies First Data’s ability to innovate and provide unique solutions to assist clients in exceeding market growth rates,” said Kurt Strawhecker, senior vice president, First Data Merchant Services.”

“We chose to work with First Data Merchant Services because their unique, customized solutions will promote International CyberTrans’ rapid growth,” said Joyce Cook, Chief Executive Officer, International CyberTrans and original founder of the Electronic Transaction Association (ETA).

“We examined other vendors in the marketplace for alternative solutions, but all of our research pointed to First Data Merchant Services as the best choice for a strong product set, outstanding support and service levels, and a strong commitment to the acquiring business that will help us achieve our aggressive growth plans,” said Martin Hilber, President & COO, International Cybertrans.

About First Data

Atlanta-based First Data Corp. (NYSE: FDC) helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two 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 more than 30,000 employees worldwide, the company provides credit, debit and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Mexico, Spain and Germany. In addition, its Western Union(R) network includes approximately 90,000 agent locations with operations in 182 countries and territories. For more information, please visit the company’s Web site at [http://www.firstdata.com][2].

About CyberTrans

Nashville Tennessee based International CyberTrans(ICT) is one of the leading bankcard and information processing service providers. ICT’s corporate officers are pioneers in the payment processing industry. Today, ICT provides automated payment solutions for merchants in retail, hospitality, healthcare, travel, lodging, direct marketing, business to business and e-commerce industries and continues to grow through commitment to product innovation, technical superiority and unparalleled customer service. ICT is fully registered and fully certified by VISA USA and MasterCard International.

[1]: /graphic/flashgraphics/ic.gif
[2]: http://www.firstdata.com/


Section 623

The Federal Trade Commission announced its first enforcement action under Section 623 of the Fair Credit Reporting Act. Under a proposed settlement announced Friday, Irvine, CA-based debt collection agency, Performance Capital Management, will be fined $2 million for a number of serious violations. Section 623 was added by Congress in the 1996 FCRA amendments to increase the accuracy of consumer reports by imposing specific duties upon any entity that furnishes information to a consumer reporting agency. The FTC alleges that PCM provided credit bureaus with inaccurate delinquency dates for its accounts. Section 623 defines the delinquency date for an account as the month and year that an account first became delinquent. This date is used by credit bureaus to measure the seven-year period that negative credit information may be reported under the FCRA. The FTC alleges PCM systematically reported accounts with delinquency dates that were more recent than the actual date of delinquency, ignored consumer disputes referred by credit bureaus, and failed to notify credit bureaus when consumers disputed collection accounts with PCM.


AmEx Streets

In conjunction with the American Express’ sponsorship of the ‘2000 US Open’ will be the return of the AmEx ‘Streets’ advertising campaign. This year’s campaign features seven inspirational tennis icons silhouetted over the background of an American Express Card. The familiar ‘Member Since’ date from the card has been replaced with a descriptor that represents the style and image of the player. The seven players and their descriptors are: Lindsay Davenport (Standing Tall Since), Chris Evert (Gracious Since), Martina Hingis (Femme Fatale Since), Billie Jean King (Royalty Since), Bjorn Borg (Valiant Since), Michael Chang (Relentless Since) and Patrick Rafter (Gladiator Since). The advertising campaign will be prominently featured across New York City in subway cars, on buses, on phone kiosks, on billboards, throughout metro area restaurants and on-site at the US Open. The ‘Streets’ campaign will include media outlets such as: Tennis Magazine, Sports Illustrated, Time, The Wall Street Journal and the New York Times Magazine.


Internet ACH Debits

NACHA yesterday approved an amendment to the ‘NACHA Operating Rules’ to allow consumers to pay for goods or services over the Internet by authorizing ACH debits to their checking accounts. The amendment creates a new SEC Code, ‘WEB’ (Internet-Initiated Entry), that will specifically identify consumer ACH debit transactions initiated over the Internet. The amendment becomes effective on March 16, 2001. Under the new rules, a company offering an ACH debit as a payment method will be required to implement commercially reasonable fraudulent transaction detection systems; verify the accuracy of routing numbers provided by consumers; establish a secure Internet session for the transaction; and conduct an annual audit to ensure that financial information obtained from consumers is protected against unauthorized access.


is2000 ATM

The next-generation model of Tidel Technologies’ ‘Ignition’ series ATMs have arrived. Designed to be the company’s lowest-priced ATM product to date, the ‘is2000’ combines the best features of Tidel’s two predecessor ‘Ignition’ models. Tidel says there is a substantial market for a reduced price ATM product to satisfy the needs of retailers with low traffic counts. Based on Tidel’s ‘Ignition’ series platform, the new ‘is2000’ offers an enhanced cover design and a wide array of options not typically found in retail-based ATMs including a high-capacity (2000 note) single cassette dispenser upgradeable to 4 cassettes, 4 different cabinet and vault configurations, 3 choices of vault locks, and upgrade kits for color monitors, video memory expansion and modems. The new ATM is also fully compatible with Tidel’s ‘ATM Information Management Software’ which enables an ATM owner with a personal computer and modem to monitor the status of a single ATM or hundreds of ATMs, conduct downloads of advertising or graphics, and upgrade terminal software.


Turkey Online Payments

Oasis Technology, a leading provider of mobile commerce, Internet and real-world ePayment software, and Bankalararasi Kart Merkezi A.S., the Turkish inter-bank credit and debit processing network, announced a series of innovative enhancements designed to further increase the performance of BKM’s Oasis ePayment processing system. To meet the processing demands of more than 45 member banks throughout Turkey, BKM and Oasis worked closely to provide a scalable infrastructure optimized for projected future increases in transaction volumes from real-world, Internet channels and mobile channels.

With a population of 65 million concentrated in urban areas, and the third youngest population in the European region, Turkey is experiencing a boom in the use of online payment instruments and credit and debit traffic. The number of credit and debit cards is currently growing at a rate between 30 and 40%, accounting for 70% growth in transaction volumes and 60% growth in transaction dollar values.

Banks in the region are also continuing to implement lower-cost delivery channels, and preparing to embrace the increasing popularity of Internet and mobile banking. In Europe alone, mobile handset penetration is greater than 50 per cent. IDC also estimates that there will be more than 1 billion WAP-enabled handsets by 2002, presenting an enormous opportunity for banks, both in Turkey and throughout Europe, to prepare their processing infrastructures to support an exponential growth in transaction volumes from Internet and mobile customers.

“BKM’s Oasis installation was already processing more than one million transactions per day, but this number was on the rise,” said Ertugrul Bayraktar, head of applications development at BKM. “To sustain the high rate of growth in the region, we looked to Oasis to further optimize the processing flexibility, speed and volume of our solution. We found that they already had an extensive research and development initiative underway that would allow customers like us to seamlessly scale their systems and boost their performance when necessary. That’s essential in today’s banking world, where customers are performing more transactions than ever.”

To prepare BKM for the continuing demands on their system, the two companies collaborated on a series of benchmarks and system modifications that required only minimal configuration to the existing solution and no additional programming. Today, the BKM system processes more than 160 transactions per second (TPS), which is a six-fold increase over the processing speed in May 1999, the date of original live production. Oasis’ IST/Switch installation currently processes more than 37 million monthly transactions or 1.6 million daily transactions, a level achieved in January 2000 and which continues to increase. This represents a volume increase in excess of 60%.

“It’s essential that when our customers buy an Oasis solution, they have the flexibility and scalability to meet the huge demand in customer-driven transaction volumes,” said Ashraf Dimitri, president and CEO of Oasis. “Bringing a national switch like BKM into live production is a vast undertaking from both sides, but that’s really only the beginning of the relationship. Infrastructures, banking trends and strategies are unique in many regions, and when you have customers in more than 70 countries, your solution has to be ready to meet specialized requirements. We’ve built that ability into the heart of our ePayment technology and that enables us to prepare our customers for the future.”

In the near future, Oasis and BKM will work together to enable the national switch to process high volumes of eCommerce and chip card transactions, and to implement a SET(TM) Secure Electronic Transaction Gateway to process secure SET transactions between customers, merchants and financial institutions in the region.

About Oasis Technology Ltd.

Oasis Technology Ltd. delivers leading mCommerce, Internet and real-world ePayment software products to Internet and traditional banks, e-tailers, retailers, and processors in more than 70 countries worldwide. Today, payment systems powered by Oasis software process more than four billion transactions annually. Oasis ePayment software products are designed for end-to-end payment processing throughout the entire payment lifecycle, bridging the virtual and real worlds of electronic payments. The company’s international client base includes ABN Amro, American Express, The Bank of Montreal, Citibank, Credicard/Redecard Brazil, Diners, Europay, Golden Card (China), MasterCard and Visa International. With corporate headquarters located in Toronto, Canada, the company also operates offices in Kuala Lumpur, Malaysia, Miami, Florida, San Jose, California, and Watford, England, and supports an extensive network of international partners and sales representatives. Oasis is ISO 9001 registered. Visit Oasis online at [http://www.oasis-technology.com][1].

About BKM

BKM A.S. is a service organization that provides domestic clearing and settlement, authorization, switching and card recovery services to all Turkish banks issuing or acquiring debit and credit cards. BKM processes more than 400 million transactions per year using Oasis’ IST/Switch product. Visit BKM online at [http://www.bkm.com.tr][2].

[1]: http://www.oasis-technology.com/
[2]: http://www.bkm.com.tr/


Freedom Wireless Terminal

Mobile Information Solution Technologies, a leader in wireless technology, applications and other information management technologies, announced today its Freedom Wireless point-of-sale terminal is now Class B Certified with Vital Processing Services, a leader in technology-based commerce enabling services.

“This certification with Vital, on the extensive CDPD digital data network, enables us to provide Vital’s client base with an excellent platform to conduct mobile transactions through the use of our Freedom Wireless Terminals,” said Charles E. Lee, President and CEO of MIST Inc. “The Freedom terminals have a winning combination of features: an ergonomic design, intuitive software, the facility to accept most credit cards and now the ability to operate using extensive CDPD coverage.”

Barb Gregg, senior vice president of product marketing for Vital Processing Services, said, ” This certification is compliant with Vital’s second generation requirements for authorization and data capture protocols. MIST’s Freedom Wireless Terminal has been Class B Certified for Retail, Restaurant and Debit transaction processing using Vital’s CDPD service.”.

About Vital Processing Services ([www.vitalps.com][1])

Arizona-based Vital Processing Services(R) (Vital(R)) is a leader in technology-based commerce enabling services. Vital’s clients include acquirers and merchant service providers that offer electronic payment processing services to merchants, such as POS products, electronic authorization and data capture; VirtualNet(tm) Internet-commerce services; clearing, settlement and exception processing; accounting, billing and reporting; operational fulfillment services; risk management; and customer service. Vital is a merchant processing joint venture of Visa(R) USA and Total System Services, Inc.(R) (TSYS) (NYSE: TSS).

About MIST Inc.

MIST Inc. designs, manufactures and markets wireless, wired and other card solutions. MIST Inc. can be found on the Internet at MIST Inc. designs, manufactures and markets wireless, wired and other card solutions. MIST Inc. serves the needs of a wide range of international customers, including financial institutions, retailers, telcoms and other organizations. MIST Inc. is a Toronto-based public company that sells its products and services throughout North America, South America and in Europe. MIST Inc. can be found on the Internet at [www.mistwireless.com][2].

[1]: http://www.vitalps.com/
[2]: http://www.mistwireless.com/


Acquirer Directory

MasterCard launched the ‘MasterCard Merchant & Acquirer Referral Program’ this week to provide merchants, acquirers and MSPs with one central point to network. The ‘MasterCard Merchant & Acquirer Referral Program’ is an online directory to assist merchants, in the U.S. and Canada, interested in accepting the MasterCard card as a payment option, in finding acquirers and MSPs interested in working with them. By submitting an account profile, merchants can view a listing of MasterCard acquirers and MSPs that provide the bankcard acceptance services best aligned to their profile. Similarly, acquirers and MSPs can view a list of merchants that have received their profile and have visited their company website by also submitting a profile.


Cash Technologies Buys RBSA

Cash Technologies, Inc.announced that it has agreed to acquire up to 100% of privately-held RBSA, Inc., an ATM transaction processor headquartered in Carrolton, Texas, for $6,000,000 in cash and stock. RBSA is a leading “off-premise” ATM processor, driving nearly two million transactions per month from approximately 5,000 ATMs located across the United States.

“This acquisition will advance Cash Tech’s business strategy in several important ways,” said Bruce Korman, CEO of Cash Technologies. “The installation of our sophisticated EMMA technology at RBSA’s data processing center will mark the first major deployment of advanced-function electronic commerce technology into the ATM and Point-of-Sale industry in the United States. This will bring a new wave of e-commerce products and services, such as check cashing, bill payment and Internet products into the mainstream of automated financial transactions. In addition, RBSA’s support for virtually every type of ATM used in the U.S. will allow ATM sales organizations and retailers to move their entire network of existing machines over to Cash Tech’s platform today with the ability to upgrade to new e-commerce functions tomorrow.”

RBSA provides an array of advanced customer service tools to its clients, including real-time Internet-accessible transaction reports and the ability to perform rapid new-ATM setups automatically though the company’s website, rather than the laborious call center operation used by other processors. RBSA’s approach fits Cash Tech’s philosophy to utilize state-of-the-art technologies to enhance traditional institutional transaction processing methods.

The Robinson-Humphrey Company, LLC is acting as financial advisor to Cash Tech in this transaction. Closing of the transaction is subject to execution of a final agreement, approval of the Board of Directors of Cash Technologies, normal closing conditions and pending financing. Terms of the transaction provide for the acquisition of at least 51% of RBSA. The final purchase price will be dependent upon the percentage of ownership to be acquired and satisfaction of RBSA’s post-closing revenue and income targets.

Cash Technologies, Inc. ([http://www.cashtechnologies.com][1]) develops and markets innovative e-commerce systems, including the EMMA(TM) transaction processing software and the multifunction ATM-X(TM) and POS-X(TM) client software. Through EMMA, consumers and businesses may access a wide variety of financial services via ATMs, POS terminals and the Internet. Check cashing, electronic bill payment, event ticketing, interactive advertising, traditional ATM cash dispensing Internet-based products and other functions will be offered at retail locations and on ATMs using a variety of payment methods, including ATM cards, credit cards, checks and cash. Businesses-To-Business Internet applications will enable the real time exchange of financial information and payments between companies, their partners and suppliers.

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