Solaris PayGate NetAcquirer

Trintech Group PLC, a leading provider of secure electronic payment infrastructure solutions announced that the Trintech PayGate NetAcquirer solution is immediately available for Sun Microsystems Solaris Operating Environment, Sun’s industry-leading enterprise network computing technology.

Financial institutions, merchants and other customers can now leverage Sun’s highly scalable and reliable Solaris Operating Environment deploying PayGate to authorize, capture, route and settle Internet-originated financial transactions. PayGate also provides Sun customers with the greatest security by allowing them to utilize Secure Electronic Transaction(TM) (SET) and/or Secure Sockets Layer (SSL) protocols.

“Now more than ever financial institutions require a robust and flexible development and deployment platform for solutions that perform business-critical, high margin and secure electronic transactions,” said John Hake, Sun’s director of Worldwide Financial Services at Sun Microsystems. “The Solaris Operating Environment coupled with Trintech’s PayGate NetAcquirer helps Sun fulfill its commitment of providing financial institutions globally with the technology environment necessary to excel in the Internet economy.”

PayGate is an enterprise transaction platform that provides merchant acquirers and third party processors with the technology framework they require to take advantage of emerging business opportunities in global electronic commerce. PayGate’s modular architecture allows true extensibility supporting multiple card types, multi-currency, layers of security and core payment functionality. PayGate also supports multiple payment protocols, including SSL, SET, Visa II, EMEA, ISO 8583, APACS and GICC and works on a variety of NT & Unix platforms.

“We are excited to make our Internet payment technology available to Sun customers on Sun’s Solaris Operating Environment,” said John Harte, EVP of Sales and Marketing. “PayGate is the culmination of Trintech’s 13 years in creating technology for electronic payment processing. Customers demand products that are easy to use, highly secure and seamlessly integrate with existing systems, all core competencies of Trintech products.”

About Trintech

Founded in 1987, Trintech Group PLC is a leading provider of secure electronic payment solutions for card-based transactions in the physical world and over the Internet. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL and SET(TM) compliant. Trintech’s range of scalable open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for physical payments and the emerging world of electronic commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94003 (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 [http://www.trintech.com][1].

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

Details

Rapid Link Prepaid Chief

Rapid Link, a worldwide leading provider of international Internet-based communications services, hired Dave Goeppner as vice president/general manager of prepaid card services to manage the greatly expanding prepaid division of Rapid Link.

Rapid Link chose Goeppner to head the prepaid business in response to its steady growth over the past 14 months. The prepaid division contributed a significant percentage of revenue in 1999 for Rapid Link and will continue to build momentum as new product development, sales and marketing options take place.

“With the emerging developments in the prepaid industry, Dave will use his expertise to keep Rapid Link in front of our competitors by increasing profitability while continuing to offer quality products and services in the highly competitive prepaid industry,” said Scott Fogle, senior vice president of marketing and sales with Rapid Link. “Dave’s has an outstanding history in the prepaid industry that will take Rapid Link’s prepaid services to the next level.”

Goeppner has numerous years of experience in the telecommunications industry with concentrations in the retail, wholesale and direct-to-consumer markets. He has also spent considerable time designing, launching and marketing new prepaid products such as cellular and paging. Prior to joining Rapid Link, Goeppner was senior manager for business development of the prepaid sector at MCI WorldCom. He holds a BS in Accounting and an MBA from Northern Illinois University and has developed his career through positions in finance, operations, business development and marketing.

“I am very excited about being part of the Rapid Link team, as I believe we have an impressive combination of prepaid programs, service and leadership – all of which has enabled Rapid Link to accomplish an amazing amount of success in a short period of time. As we look towards the future, I am extremely optimistic about our ability to expand the prepaid product portfolio, grow our distribution base and capitalize on Rapid Link’s IP infrastructure,” said Dave Goeppner, vice president/general manager of prepaid services.

Rapid Link’s prepaid calling card programs offer both domestic and international long distance services. Using a global IP telephony and switch-based network, Rapid Link delivers toll-quality long distance services with competitive pricing and excellent customer service. Rapid Link has built strong relationships with top card distributors such as Clifton Digital to provide marketing, distribution, call routing and customer support to the Digital Advantage, Metro Card and the Links series of prepaid cards.

About Rapid Link

Founded in 1993, Rapid Link(R) provides affordable, high-quality Internet-based communications services and excellent, around-the-clock customer service to individuals and small businesses in the United States, Asia and Europe. Rapid Link offers international direct dial services, pre- and post-paid calling cards, toll-free, Internet access and carrier services to more than 65,000 customers and 500,000 prepaid card end users worldwide. As an Internet telephony service provider, Rapid Link routes voice, data and fax traffic over switched and IP networks, offers an Internet telephony exchange carrier program and serves as an official VoIP carrier for Korea Telecom and Telekom Malaysia. In 1999, Rapid Link was honored as a Top 500 firm by Telecom Business magazine. Headquartered in Atlanta, Georgia, Rapid Link has operations in Atlanta; New York; Mannheim and Frankfurt, Germany; Okinawa, Japan; Kuala Lumpur, Malaysia; Prague, Czech Republic. and Seoul, Korea. For more information, please call 800.732.5465 or visit the Web site located at [www.rapidlink.com][1].

Rapid Link is a registered trademark of Rapid Link, Inc., in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.

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

Details

LaserCard Boost

Drexler Technology announced Tuesday it is expanding its ‘LaserCard’ production capacity from 7 million digital optical memory cards per year currently to about 11 million cards per year by March 2001. The firm said it is preparing for the possibility of a significant increase in ‘LaserCard’ sales in FY2001, substantially above the 4.5 million optical memory cards being shipped in FY2000 ending Mar. 31. The need for this expanded card production capacity in FY2001 stems from anticipated card order increases from existing customers including the U.S. Immigration and Naturalization Service, the U.S. Department of State, and VISX, Incorporated, and also from possible new card orders from potentially significant customers in Asia, Europe, and North America. The ‘LaserCard’ is a credit-card sized optical memory cards, which store up to 4 megabytes of data.

Details

Creditrust Delay

Creditrust Corporation announced late Tuesday that it was delaying until Monday, February 28, 2000, its results for the fourth quarter and year ended December 31, 1999. Creditrust expects that it will be in a position to announce a potentially favorable material corporate development at that time.

The Company has rescheduled its earnings conference call until 11 a.m. on Monday, February 28, 2000.

Founded in 1991, Creditrust Corporation acquires, manages and collects delinquent consumer receivables utilizing an information-driven strategy. The Company uses proprietary technology to acquire receivables primarily consisting of charged-off Visa(R), MasterCard(R), and private label credit card accounts issued by major banks and merchants. Creditrust was added to the Russell 2000 Index(R) in July of this year.

Details

US Central CU E-Bill

Princeton eCom, a leading application service provider in electronic bill presentment and payment, announced an agreement with U.S. Central Credit Union’s subsidiary, Corporate Network eCom, LLC, to provide its members with electronic bill payment services. U.S. Central, the nation’s wholesale corporate credit union with assets of $26.5 billion, is owned by 35 member corporate credit unions. Collectively, U.S. Central’s members can provide financial services to approximately 11,000 credit unions nationally, reaching a combined customer base of nearly 76 million.

Princeton eCom’s ePayment solutions will offer U.S. Central members the most advanced technology for accurate electronic payments based on a per-transaction pricing model. This pricing model only charges a fee for each ePayment transaction. It does not charge subscriptions or enrollment fees, reducing the overall cost of an electronic payment program by more than 40 percent.

Through this strategic alliance, all 11,000 credit unions have the opportunity to resell Princeton eCom’s eLockbox technology under their own brand name. This capability, available exclusively through Princeton eCom, provides financial institutions new business opportunities in their local community by enabling them to offer electronic payment connectivity to their local business base. eLockbox delivers the most accurate electronic payment processing by eliminating exception items, so often associated with electronic payment processing. eLockbox connects directly into a company’s accounts receivable system for immediate and accurate posting and settlement. Through the use of eLockbox technology, credit unions can now enable their regional billers with electronic payment connectivity that will seamlessly integrate into whatever legacy system they used.

“We did exhaustive research and due diligence to find the best electronic payment partner for our member corporates’ 11,000 credit unions,” said Dan Kampen, president and CEO of U.S. Central and CEO of Corporate Network eCom. “We felt our members would benefit from PrincetoneCom’s sixteen years of experience in electronic payment processing. Its state-of-the-art electronic links enable credit unions to offer their members the best electronic payment connectivity available today. Princeton eCom’s technology, pricing model, private label reseller capabilities and quality expands the services that we can offer our members and their credit unions.”

Steve Greenwood, senior vice president of marketing and strategic alliances at Princeton eCom, said, “The decision of Corporate Network eCom to partner with Princeton eCom is indicative of our capacity to provide complete and convenient electronic bill payment to an expanding number of financial institutions. Corporate Network eCom is as committed as we are in providing customers with access to the best quality bill payment service online. With the expansion of the Internet as the preferred e-commerce platform, Princeton eCom has positioned itself as a leader in electronic payment solutions, and our ePayment services are now used by more than 400 major financial institutions nationwide.”

About Princeton eCom

Princeton eCom is an innovator and technical leader in electronic bill presentment and payment (EBPP) by Internet and the telephone. It was the first company to present an e-bill on the Internet and continues to set the pace for EBPP today. Princeton eCom offers EBPP solutions for business-to-business and business-to-consumer billing applications. The company customizes solutions for the total management of the billing process — expediting payment, minimizing billing costs and integrating with existing financial accounting systems. Committed to increasing adoption of electronic home banking, the company is a champion of open standards for the electronic presentment and payment industry. Using OFX technology, Princeton eCom can access all points of distribution allowing customers to use their financial information anytime from anywhere. Visit Princeton eCom at [http://www.princetonecom.com][1] or for more information call 800-PAYBILL.

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

Details

Cubic Deal

Cubic Transportation Systems and On Track Innovations announced Monday they have signed a licensing and cooperation agreement aimed at delivering transit authorities flexibility in smart card choices. Under the agreement, Cubic will integrate OTI’s ‘EYECON’ smart card products with Cubic’s ‘Tri-Reader’ multi-protocol contactless smart card reader, the first such device capable of processing three contactless smart card types. OTI’s ‘EYECON’ products utilize the ‘ISO 14443 Type B’ contactless interface. The deal will produce an attractive, cost-effective and secure solution for customers looking to implement secured contact /contactless smart card solutions, while addressing multiple applications such as transit, loyalty, telecommunication and more on a single smart card.

Details

NBS 4Q/99

Toronto-based NBS Technologies reported a net loss of $124,000 for the fourth quarter compared to a loss of $552,000 for 4Q/98. However the firm is strongly positioned for growth in smart card issuance this year. NBS recently completed development of the ‘NBS Freedom I’, a wireless credit card system currently being piloted in the U.S. with GTE and the ‘NBS Freedom II’, a fully integrated wireless debit/credit card system, currently being piloted with Toronto Dominion Bank. The Solutions Group is currently developing a new line of cost effective products to support VISA smart cards that streamlines the entire issuance process. During the fourth quarter the company won a major contract from a supplier to the US government for the purchase of a ‘Horizon’ card issuance system. This system will be used for the issuance of high security identification cards using a variety of technologies. For more 4Q/99 details on NBS visit CardData ([www.carddata.com][1]).

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

Details

Wireless CrediPort

CrediPort Systems Inc. of Syracuse, New York announces the availability of a cellular portable credit card verification system. It is now possible to accept credit cards virtually anywhere a cell phone works.

The patent pending CrediPort which has been in development and testing for over a year, consists of a terminal/printer, a 3 watt phone modem and a powerful rechargeable battery. The terminal is certified. Any place a cell phone works, the system works better, as it is usually five times stronger.

Uses include pizza deliveries and home services, trade shows, fica markets, furniture and appliance deliveries, auctions, taxis, truck deliveries, express services, tow trucks, etc. etc. etc.

The CrediPort measuers 5.5″ x 11″ x 6″ and weighs 6.5 lbs. The case is of ballistic nylon and comes with a detachable shoulder strap. When not in use, an accessory is available for verbel communication.

The system works in a larger area than any other wireless system. While others must wait years for new technologies to have infrastructure dispersed, the analog system is mature and in place now. It covers the widest area in the country. The unit can be used from coast to coast flawlessly.

“Cell more with a CrediPort System System” is the company’s trademark. Philip Anderson, President, states that “the go anywhere analog CrediPort System gives a new meaning to the term COD – it’s now Credit on Delivery”. The company should experience rapid growth with the window of opportunity in the analog system being 3-5 years.

Plans call for the CrediPort to operate on different communication technologies at a future time.

The company has reached agreements with an already certified leading terminal manufacturer and the recognized leader in cellular phones.

When the CrediPort system is delivered to a merchant, it is immediately ready to start accepting credit card payments. Due to its mobility, many merchants will see an increase in business and payback will be rapid. Banks are particularly interested in that they see the advantage to their customers – (payment in real time) – with a system already certified by their bank card processors.

A second model includes a check reader and this also has received wide acceptance. Use with an ATM is now being tested.

Details

Greenland into Wal-Marts

Greenland Corporation, a provider of automated financial services machines that can provide payroll check-cashing, payday advances, ATM functionality, phone card sales, money order dispensing, world wide money transfer and bill paying, announced today that it has been selected by CMG, Inc. and approved by Wal Mart to provide its automated check-cashing machines on a test basis in five of Wal Mart’s stores on the West Coast starting in March, 2000. The Wal Mart tests shall not include ATM, money order, payday advances or phone card services.

More than ten million dollars and five years time have been spent in developing Greenland’s automated banking machines, which, unlike its competition, offers numerous automated financial services features. In the future, the Company anticipates adding Internet sales to complete the process of offering the customer the maximum financial and commodity point of sale services where he or she shops every day. It has been estimated that about 28% of working Americans do not have a formal banking relationship. As a result, check-cashing and payday advance businesses are proliferating throughout the U.S.

Wal Mart has been interested in testing automated check-cashing machines in its stores and it has contracted with CMG, Inc. to provide management support for this project. After diligent review, CMG, Inc. of Sacramento, California, recommended to Wal Mart that the Greenland automated check-cashing machines be deployed.

Commenting on this development, Greenland Corporation’s CEO Louis T. Montulli stated, “We are extremely pleased to have been selected by CMG, Inc. to supply our automated check-cashing machines for the Wal Mart test. We are equally pleased to have formed a strong working relationship with CMG, Inc., a company that has successfully worked with Wal Mart for 12 years. We have spent a significant amount of time and effort in refining our machines and are very confident in their ability to provide broad based automated user-friendly financial services to the customer in convenient locations where our customers shop.”

About Greenland Corporation

Greenland Corporation is a developer and manufacturer of automated payroll check-cashing machines with full ATM functionality, phone card sales, and money order dispensing service. The Company’s user-friendly automated banking machines are being developed to provide dispensing of travelers checks, wire transfers, bill paying, payday advances and electronic benefit transfers in addition to cashing payroll and government checks for users. The company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP”. Visit Greenland on the Internet at [http://www.Greenlandcorp.com][1]

Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties including, but not limited to, such factors as market demand, pricing, and changes in worldwide economic conditions.

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

Details

ICE 6000

> Hypercom Corp. this morning introduced a new card payment terminal for large national retailers, chain drug stores, supermarkets and other multi-lane environments. The ‘ePic ICE 6000’ features the industry’s first 5.7″, 256-color 1/4 VGA touch-screen graphics display screen. The new terminal also supports a full range of electronic payment transactions including debit, credit, check, gift card, EBT and more. In addition to embedded card payment software, the ‘ICE 6000’ also contains an HTML/HTTP browser. Hypercom says the goal of the ‘ICE 6000’ is to implement Internet enabled terminals and an array of revenue-enhancing services without jeopardizing the security of the POS payment environment. With the new terminal multi-lane retailers can take advantage of revenue-generating applications such as advertising and coupons, electronic receipt capture, check imaging and conversion, e-commerce, and direct consumer marketing. Hypercom will begin shipping the terminal next month.

Details

AmEx Invests in OpenTable.com

American Express announced that it has made a minority investment in OpenTable.com, a leading provider of online restaurant reservations and customer management software for restaurants. Terms of the deal were not disclosed.

OpenTable.com’s service offers diners a new way to book restaurant reservations according to their dining preferences 24 hours a day. Options allow diners to search by cuisine, restaurant name and table availability, and then make reservations in real-time – eliminating the task of calling around in search of an available table. The service also provides restaurants with table and reservation management capabilities through OpenTable.com’s proprietary electronic reservation book (ERB).

OpenTable.com is currently working with restaurants in San Francisco, Boston, Chicago, Los Angeles, New York City, Seattle, Washington, D.C., Portland and Vail, Colorado. The company is expanding this year to offer its online reservations to restaurants nationwide.

“We are delighted to make an investment in OpenTable.com,” said Pierric Beckert, Senior Vice President of Interactive Investments at American Express. “OpenTable.com is building an exciting new online service that delivers superior value and convenience for both diners and restaurateurs. We look forward to combining our experience in the restaurant industry with OpenTable.com’s expertise in this area to deliver innovative products and services.”

“We’re proud to help bring this cutting-edge technology to the restaurant industry and believe that online reservations are an effective way to promote dining out,” added Lloyd M. Wirshba, Vice President and General Manager of Restaurant and Entertainment Industries at American Express. “By utilizing the Internet, restaurateurs can now reach a global audience of potential customers.”

“As a leader in travel and entertainment services, American Express is an exciting investor for us to work with,” said Chuck Templeton, OpenTable.com’s founder and CEO. “Their support will be instrumental in our building the largest real-time restaurant reservation network. We’re pleased that they share our enthusiasm for simplifying the reservation experience for consumers, and revolutionizing the way restaurants understand and communicate with guests.”

American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking. At [http://www.americanexpress.com][1], consumers, small businesses and corporations can choose from a range of Internet products and services. American Express is making minority equity investments in emerging Internet companies, as well as building strategic alliances with these organizations by signing marketing and supplier agreements, obtaining exclusive offers for customers, or targeting investment dollars for marketing purposes.

OpenTable.com, Inc., a leading online restaurant reservation network, is based in San Francisco, CA, and has offices in New York, Chicago, Boston, Los Angeles, Seattle and Washington, D.C. OpenTable.com is an Internet company dedicated to providing diners with the best possible reservation experience, and restaurants with the best customer management tools. OpenTable.com has partnered with restaurants from An American Restaurant Group, Ark Restaurants Corp., California Cafe Restaurant Corp., the Lark Creek Group, Lettuce Entertain You Enterprises, Inc., Real Restaurant Group, Restaurants Unlimited and Union Square Hospitality Group. OpenTable.com is backed by leading Venture Capital Firms including Impact Venture Partners, Benchmark Capital and Prescient Capital. Visit [http://www.opentable.com][2] or call 800.OPENTABLE.

[1]: http://www.americanexpress.com/
[2]: http://www.opentable.com/

Details

EDS Licenses TelePay

TelePay, Inc., a Dallas-based e-commerce firm providing bill payment and presentment via the Internet and telephone, and EDS have entered into a license agreement establishing EDS as an authorized user and provider of TelePay’s patented electronic debit transaction technology.

The patented solution lets consumers pay a bill real-time using ATM or debit cards.

Scott Walker, TelePay Chief Executive Officer, commenting on his company’s service, said, “We are excited about our new relationship with EDS. The real winners will be EDS’s customers, as they experience increased consumer satisfaction and brand reinforcement while reducing their bill processing costs. Our process creates an additional positive interaction and marketing opportunity with the consumer in the otherwise routine act of paying a bill.”

TelePay, Inc. provides consumers bill payment via the Internet and telephone using a variety of credit card, debit card and electronic check payment options. TelePay customers include some of the United States’ largest cellular, utility, and insurance companies and government entities. TelePay partners with organizations to offer fully integrated, real-time, cost-effective, B2B2C outsourcing of the bill payment and bill presentment process. Consumers are able to pay bills at their convenience using their choice of payment options in a private and secure manner.

Details