PSN Update

Dallas-based Payment Solutions Network said yesterday it has resumed providing ‘Stop Payment Notifications’ as part of the SmartNOTEs process to its member financial institutions. The company says the ‘Stop Payment Notification’ function is being re-implemented at the request of PSN’s customers. As a direct result of the function being turned off, banks were noticing significant increases stop payment check losses. Having access to this function will enable members to send inquiries about items, and within 15 minutes, the bank will receive a stop pay notification. If a bank receives an ALERT, it can use the information to place a hold on the questionable account or transaction. PSN also says it will gather six months worth of stop pay request history from its member institutions and add it to the database.

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I-Pay Tool

MA-based Inforonics launched its ‘I-Pay’ solution to enable companies to offer secure, closed-loop online transactions through corporate purchasing cards and credit cards. The Inforonics I-Pay tool set is the first deployment of level-3 processing technology to be integrated with web catalog technology for assuring accurate line item detail. I-Pay provides maximum transaction monitoring and reporting capabilities by processing level-3 data, the maximum reporting level supported by VISA U.S.A. for corporate procurement. I-Pay integrates a web-based online catalog, maintained through an extranet by the supplier, with level-3 data and an order processing extranet for suppliers’ use.

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Going Falcon

Japan’s Credit Saison, with more than 10 million cardholders, said Monday it will install HNC Financial Solutions’ ‘Falcon’ credit card fraud detection system to protect its portfolio from credit card fraud. CS says it was impressed that ‘Falcon’ does not stand alone in HNC Financial Solutions’ predictive software. ‘Falcon’, a neural network-based predictive software system that examines transaction, cardholder, and merchant data to detect a wide range of credit card fraud, is well respected among credit card professionals as a major weapon in curtailing fraud losses.

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Fleet – BankBoston Merger

Fleet solidified its position as the nation’s eighth largest issuer of bank credit cards yesterday with a merger with BankBoston. As of year-end 1998, Fleet held $15.1 billion in receivables among 9.5 million accounts according to CardData (www.carddata.com). As of fourth quarter 1998, BankBoston had $385 million in receivables and 525,000 accounts according to CardData. BankBoston previously disposed of its out-of-area accounts through a portfolio spinoff to First Annapolis Consulting and its First Partners venture. Monday’s merger creates the nation’s 8th largest bank with assets of approximately $180 billion with 20 million customers. The new entity will also have a market capitalization of $40 billion, ranking it 7th in the industry by this measure. The combined company will be called Fleet Boston Corporation.

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Focus on Europe

American Express has launched a major Spring promotion for Europe. As part of AmEx’s ‘Focus on Europe’ promotion, nearly one million high volume U.S. cardholders will be receiving a special travel planner, “Europe”, in April, backed by a “Passport to Savings” book full of special offers and discounts from American Express merchants all over Europe. AmEx says the results from last year showed 28% of the 500,000 cardholders mailed planners actually traveled to Europe and used their AmEx cards. AmEx says this equates to 131,000 cardholders generating more than $336 million with its merchant partners that they might otherwise not have expected. This year AmEx will also be involved with 400,000 copies of Travel and Leisure and New Yorker magazines that will contain copies of the 40-page travel planner next month. In addition, American Express is targeting 250,000 US cardholders who are past European travellers with the travel planner. The planner will also be available in 135,000 travel agents and travel offices throughout the US and Europe.

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Marin Contract

Las Vegas-based First National Bank of Marin and First Data announced Friday that the bank has selected First Data for credit card processing services. Under the seven-year agreement, First Data’s card services division will provide full processing services, including statements, plastics and other core processing for the bank’s more than 500,000 MasterCard and Visa bankcard accounts. First National Bank of Marin will convert to the First Data system in June 1999.

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SINACARD

AXENT Technologies, Inc., one of the world’s leading information security solution providers, and Siemens, a leading provider of electrical engineering and electronics, Monday announced that AXENT’s market-leading Raptor Firewall and RaptorMobile have been integrated with Siemens’ Smartcard-based access control system–SINACARD. This new integrated solution offers optimum security for organizations, including secure remote access across open networks such as the Internet.

The SINACARD network access concept is ideal for remote users. AXENT(tm)’s Raptor Firewall ensures remote users have a secure link to their network, and used in connection with the RaptorMobile VPN solution, a “secure tunnel” is created for data transfers between the remote user and the corporate network. Using this technology, data is encrypted, sealed with a digital signature, and then sent packet by packet across the open network. Data security is ensured throughout the entire transmission. Staying within U.S. encryption export regulations, this solution allows non-U.S. companies to use advanced encryption technology and long keys all around the world.

SINACARD works by controlling access to computers, applications, services and data on the corporate network. The main functions include authentication and cryptographic authorization of users logging on to the network and accessing information. The system allows user-friendly single sign-on procedures without sacrificing security standards, meaning that the user only has to log on a single time per session regardless of his or her location.

In addition to the Smartcards themselves, and AXENT’s Raptor Firewall and RaptorMobile solutions, the SINACARD concept integrates a personalization and administration system as well as a security server. The Siemens Smartcard is not only used to control the network infrastructure; as an optional extra, it can also be configured to control physical entry to the company’s premises, record working times, as an e-purse for vending machines and canteens and–equipped with a photo–as a universal staff ID card. The great advantage is that only a single card and PIN number are required for all operations. “Our Smartcard is the key to optimum security–not only on the network. In spite of the necessary complexity, the system is easy to use, manage and maintain,” explains Helmut Jager, sales and marketing director at Siemens. “As a universal control system for internal networks, SINACARD also allows external users to log on. Thanks to AXENT’s intelligent security tools, the integrity of sensitive data remains fully protected.”

“Our strategy has been to provide customers worldwide, superior security solutions to protect their information from unauthorized users,” said Brett Jackson, president and chief operating officer of AXENT Technologies. “Partnering with Siemens allows us to secure more of the organization’s information by creating a security solution unmatched in the industry.”

Availability

The integrated solution is now available in Europe through Siemens.

About Siemens

With 16,700 employees in 37 countries and FY 98 sales exceeding DM 6.2 billion, Siemens Business Services is one of the leading worldwide full-service providers offering consulting, systems integration and outsourcing on an international scale. Siemens Business Services will respond to market demands with its newly founded SmartCard business unit, starting from April 1, 1999. The new business unit will focus on system level integration, products, and services. As such, the new unit will remain independent from the business of the Siemens Semiconductors Group.

Siemens’ Semiconductors Group, based in Munich, Germany, is the 10th largest semiconductor manufacturer worldwide and is a leading provider of integrated circuits, memory products, chip card ICs, discrete and power semiconductors, sensors, and fiber optic components. In fiscal 1997/1998, the Semiconductor Group achieved sales of US $3.8 billion and employed 25,000 people worldwide.

Siemens’ Smartcards are already being used successfully as security solutions in many places–including Germany’s leading publishing house, Axel-Springer-Verlag, and the Munich Airport Authority.

About AXENT(tm)

AXENT Technologies, Inc., is a trusted security partner and solution provider for more than 5,000 companies, government agencies and resellers worldwide, including 40 of the top Fortune 50. Only AXENT offers Lifecycle Security(tm) solutions–an all-encompassing approach that helps organizations identify unique security needs and implement realistic solutions to protect and enable business. With more security solutions that cover more of the enterprise than any other security provider, AXENT’s award-winning solutions provide security assessment, intrusion detection, remote access security, single sign-on, Virtual Private Networks, Web security and firewalls, for UNIX(R), Windows(R) 3.x, Windows NT(R), Windows 95 and 98, NetWare(R) and mid-range systems in heterogeneous computing environments.

Headquartered in Rockville, MD, AXENT’s customer-proven information security solutions are used by Fortune 1000 companies and governments worldwide. Contact AXENT via e-mail at info@axent.com, or visit AXENT’s World Wide Web site at .

AXENT, AXENT Technologies, the AXENT logo, RaptorMobile, Raptor and Lifecycle Security are trademarks or registered trademarks, in the United States and certain other countries, of AXENT Technologies, Inc. or its subsidiaries. Windows and Windows NT are registered trademarks of Microsoft Corporation; Novell and NetWare are registered trademarks of Novell, Inc.; UNIX is a registered trademark licensed exclusively by X/Open Company, Ltd.; and other product names and trademarks are the property of their respective owners.

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TYME Switch

Firstar Corp. announced Monday it will switch all of its ATMs in Minneapolis and St. Paul to TYME. Firstar now is part of Norwest’s Instant Cash network. But by mid-May, Firstar’s 30 ATMs in the Twin Cities will carry the TYME logo. Firstar will be placing 75 to 100 additional ATMs in the market over the next few months that also will carry the TYME name. Of the 30 ATMs in Minneapolis and St. Paul, 29 are located at Firstar branches and one is off-premise.

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ACI Goes Secure

ACI Worldwide announced the expansion of its product portfolio to include secure Internet payment solutions. The products enable financial institutions, retailers, Internet Service Providers and others to offer secure consumer shop-and-buy transactions over the Internet using SSL and SET(TM) (Secure Electronic Transaction) security protocols. Powered by GlobeSet, the solutions work hand-in-hand with ACI’s existing EFT systems to provide secure, end-to-end payment processing from consumer to merchant to financial institution.

The product suite joins ACI’s i24(TM) family of Internet banking and payment solutions and includes server-based Wallet software, SET Certificate Authority systems, server-based point-of-sale software and Gateway products. All support SSL, merchant-initiated SET and full SET transaction processing.

ACI acquired the products through a distributor agreement with GlobeSet, Inc. of Austin, Texas. GlobeSet will provide the underlying technology that ACI will distribute, install and support through ACI’s international network of offices and development centers. Additionally ACI has agreed to work with Compaq Computer Corporation to expand their delivery model for Compaq’s Internet payment solutions, also powered by GlobeSet.

“Our new relationship with GlobeSet enables us to offer a total Internet payment solution, from desktop to back office,” said Dave Russell, president of ACI Worldwide. “By combining ACI’s processing solutions with GlobeSet’s technology, we can give our customers the ability to process Internet transactions just as they process transactions initiated at a traditional point-of-sale terminal. We now have the ability to offer the technology needed to take full advantage of the potential that electronic commerce on the Internet offers.”

The Internet consumer payments products operate on Windows NT Server-based systems and have been awarded industry-first SET Marks signifying their compliance with the SET 1.0 specification.

“Our agreement with ACI speaks volumes about what we believe we can accomplish in the global marketplace with our combined technology and service offering,” said Michael K. Cation, chairman and CEO of GlobeSet, Inc. “As our relationship progresses, we will provide ACI with electronic commerce solutions that meet the demands of a dynamic and growing market in both the retail and the business-to-business markets.”

“Compaq was early to recognize the importance of securing Internet payments. With GlobeSet, the company installed many of the first solutions based on SET,” said Jerry Peterson, vice president, Financial Services and Electronic Commerce, Compaq. “Compaq is now expanding its delivery capability by aligning with long-time partner, ACI, the international leader in payment processing systems. We’ve extended our agreement with ACI to move Internet payment solutions into the higher volume, replicable market state.”

GlobeSet Inc., is the world’s largest OEM provider of software solutions for electronic commerce. The company’s server-based products enable e-commerce production deployment and offer a migration path across multiple evolving transaction/certificate standards. With offices in the United States, Europe, and Asia Pacific, GlobeSet’s OEM partners have implemented numerous electronic commerce solutions around the world for major banks, retailers and financial processors. Founded in 1994, GlobeSet Inc. is a privately held corporation headquartered in Austin, Texas. Additional information about GlobeSet can be found at

ACI Worldwide (Nasdaq: TSAI) is helping customers change the way the world works with software products developed for consumer banking, corporate banking, retail and system solutions. The company maintains operations in the Americas, Europe/Middle East/Africa and Asia/Pacific and is a leading international provider of software for electronic commerce and electronic payments. ACI Worldwide distributed solutions are used by more than 2,200 customers in 70 countries. Visit ACI Worldwide on the Internet at [www.aciworldwide.com][1].

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

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Berlin BVG Pilot

Motorola’s Worldwide Smartcard Solutions Division (WSSD) and its alliance partner, ERG, have been awarded a contract with the Transport Authority of Berlin, or BVG, to conduct a field trial for a smart card electronic ticketing system covering Berlin and the surrounding greater Brandenburg area. The S-Bahn Berlin GmbH (Rapid Train System of Berlin) and the VBB (Transport Authority of Berlin-Brandenburg) will also participate in the field trial.

Berlin transit riders ultimately are expected to benefit from the improved simplicity, trouble-free payment, enhanced security and other advantages offered by the smart card electronic ticketing system. The Motorola and ERG alliance designed the turnkey, integrated system solution that will provide the infrastructure for smart card and back office operations and will drive the installation and implementation of the entire system.

The field trial is scheduled to begin in October 1999 and will last three to six months. Approximately 25,000 participants will test the system, which includes two subway lines, two bus routes and one tram line. Up to 150,000 transactions per day are expected, including transfers between stations and modes of transport. The BVG expects full system implementation and general public availability by 2002.

“With the Motorola and ERG smart card solution, we will provide our customers with a fast and easy-to-use ticketing system,” said Dr. Joachim Niklas, chief financial officer of the BVG. “Furthermore, by simplifying ticket purchase and creating additional uses for tickets, the smart card electronic ticketing solution will further increase the attractiveness of the Berlin Public Transport System.”

“Motorola is pleased to work with its world-class partner, ERG, to provide this integrated, smart card solution to BVG,” says Francois Dutray, Motorola vice president and general manager, WSSD. “By leveraging the Motorola/ERG alliance’s total system solution and advanced operating system, multiple applications will be able to reside on a single card. BVG will be the first European public transport provider to offer its customers added value via their transit cards.”

The existing Berlin transport system operates on a flat fare, paper-based ticketing system. The new system will operate with a time- and distance-based fare structure where the smart card will serve as a reusable ticket. Individuals will buy public transport “units” with cash or electronic transfer payments at distribution outlets or through stationary and mobile ticketing machines. These units will be loaded directly onto their smart cards and can then be debited by special contactless check-in/check-out terminals at the stations or in buses and trams. Users will be able to keep track of their available units by inserting the cards through readers at points-of-sale, information terminals or with the help of pocket-sized balance readers. “Smart” kiosks also will inform travelers of the best route to take and how much it will cost to get there.

A key benefit of the Motorola and ERG smart card public transport solution is that it is not limited to public transport applications. In fact, the cards can be used by public transportation authorities to award discount points to frequent users, who then can “cash in” their points in the form of more public transport units or use them for reduced admission prices to area events. In addition, retailers could offer discount points or specials on goods to those shoppers using smart cards.

The Berlin transit electronic smart card ticketing system will be based on proven back-office technology provided by ERG that has been implemented in markets such as Hong Kong, where the current transit smart card system processes nearly 4 million transactions a day. Motorola’s M-Smart Venus(tm) card and reader platform will support the front end of the solution, providing enhanced security and the flexibility to support multiple applications.

ERG’s CEO Peter Fogarty said the Motorola/ERG alliance is able to deliver a superior ticketing solution. “ERG developed the benchmark in smart card-based electronic ticketing systems with its Hong Kong project,” Fogarty said. “Now, with the support of Motorola’s advanced smart card and reader platform, the alliance can take transit-based, multi-application smart card solutions to a new level.”

The Motorola and ERG Transit Systems alliance combines ERG’s world-leading smart card and magnetic ticket-based integrated fare collection application expertise with Motorola’s impressive systems integration, communications and operational management capabilities. Complementary strengths of the alliance include complete wireless voice and data communication systems, location tracking and management and electronic purse operating experience.

ERG Limited is a world leader in the development and supply of technologically advanced smart card systems and services; automated fare collection products and systems; and telecommunications products and services. ERG provides turnkey solutions to customers, from design and manufacture, to supply, installation, commissioning and ongoing service and maintenance. In 1997/98, Australian-based ERG’s revenue totaled A$242 million. For more information on ERG visit: [www.erg.com.au][1].

Motorola is a global leader in advanced electronic systems and services. It liberates the power of technology by creating software-enhanced products that provide integrated customer solutions and Internet access via wireless and satellite communications, as well as computing, networking, and automotive electronics. Motorola also provides essential digital building blocks in the form of embedded semiconductors, controls and systems. Sales in 1998 were $29.4 billion. For more information on Motorola visit [www.motorola.com][2].

[1]: http://www.erg.com.au
[2]: http://www.motorola.com

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