New ABA Conventions

The American Bankers Association announced Wednesday that it will host two new conferences for electronic financial services. ‘E-Customer Forum’, will be presented by BusinessWeek and ABA, July 19 – 20 in San Francisco. The ‘ABA Future Payments Conference’ will be held Sept. 12-15 in Chicago. The San Francisco conference will give executives ideas on connecting with customers in cyberspace, learning the key business strategies of online retailers, and understanding how to bridge the gaps between business strategists and technology implementers.

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Triton ATM Processing

Triton Systems announced Wednesday its entry into off-premise ATM processing in Canada through its wholly owned Canadian subsidiary, Calypso Canada Ltd. Calypso Canada is closely allied with Sun Life Trust Company, a wholly owned subsidiary of Sun Life Assurance of Canada. Sun Life Trust is a directly connected financial institution member of the Interac Association, Canada’s shared electronic payments network. Calypso Canada will be operated independently of Triton Systems. Triton Systems Inc. also recently acquired Calypso Systems, LLC from a group of private investors.

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Munchiecard

Australian-based Telstra Smart Phonecard technology will introduce a new program aimed at encouraging healthy eating among school students while cutting operational costs at school cafeterias across the country, a market which currently accounts for an estimated A$750 million each year in small change transactions. ‘Munchiecard’ will use the ‘Telstra Smart Phonecard’ system. ‘Munchiecard’ is being introduced first at two schools in Adelaide, South Australia.The group plans to roll it out to more than 200 schools in South Australia as well as other States across Australia over the next twelve months. ‘Munchiecards’ are sold in $20 and $50 denominations.

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NPC Sells Out

National Processing Company has reached an agreement with Investment Services International for the sale of NPC’s Freight Services and Corporate Payables business lines. The transaction, valued at approximately $36 million, is expected to close by Mar. 31. Investment Services International says they intend to retain the domestic employees and operating management of the Freight Services and Corporate Payables businesses. NPC says the goal of these actions is to focus National Processing more closely on its credit card transaction, airline ticket processing and imaging services businesses.

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Europay Agreement

VA-based Excalibur Technologies announced an agreement Tuesday with Europay International. Europay recently completed integration of ‘Excalibur RetrievalWare’, into Europay’s online service providing marketing, security and business-related information for its 9,000 members consisting of banks and financial institutions throughout Europe. In addition, ‘Excalibur RetrievalWare’ is being utilized internally by Europay’s 600 employees in Europe. Modeled after its partner’s ‘MasterCard-OnLiNE’ service, ‘Europay OnLine’ is a complete line of web-based software products and services delivered via a powerful extranet infrastructure accessible only to member financial institutions.

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GO2NET Cards

Go2Net, Inc. and Fleet Credit Card Services yesterday announced that they have reached agreement with MasterCard International to be the sponsoring payment system for Go2Net-branded credit cards available to users of the Go2Net Network. The credit cards will feature the Go2Net Network brand, along with brands of the network’s most popular sites, including Silicon Investor, MetaCrawler and HyperMart, among others.

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PaymenNet Takes-Off

PaymentNet announced this morning that it has secured a second round of new funding from a number of investors. Participants include Wells Fargo, AT&T Ventures, Convergence Partners, Bay View Investors, Ltd., and GC&H Investments. PaymentNet is a service leader in outsourced e-commerce transaction processing. The company provides secure, Internet-based transaction and payment processing for a broad range of businesses that sell goods and services through a variety of e-commerce media. PaymentNet also announced today that Martin Stein, former vice chairman of BankAmerica Corp., has joined the PaymentNet Board of Directors.

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PubliCARD Acquisition

PubliCARD, Inc. announced Tuesday it has successfully completed its acquisition of Greystone Peripherals. This is the fourth fourth acquisition for PubliCARD over a twelve-month period in the smart card industry. Greystone, founded in 1992, has both hardware and software capabilities and currently designs, manufactures and markets products directly related to the smart card market.

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Conglubaration

Hewlett-Packard Co. and its VeriFone division have teamed up with De La Rue to provide a modular solution that will enable the development and secure delivery of expansive electronic commerce services to consumers’ GSM phones. The ‘VeriSmart GSM’ solution, intends to provide technology that starts by enabling easy-to-use, information services such as news, weather and stock quotes, and can evolve to adopt such services as mobile stored value loading, mobile purchasing and full mobile commerce over the Internet. HP said it plans to implement the ‘VeriSmart GSM’ solution to mobile operators around the world, and that it sees a tight integration between ‘VeriSmart GSM’ and HP’s existing customer-care and billing systems through HP’s mobile partners that will allow consumers to conduct over-the-air provisioning of services and payment.

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Cap One UK

Following Capital One’s opening of its first operations center in Europe, the non-bank card issuer announced Tuesday it plans to create 300 additional jobs by the end of 2000. Capital One now plans to recruit 900 people by the end of this year, a year ahead of schedule, following the firm’s UK growth rate, which has exceeded expectations. It also plans to recruit an additional 300 people by the end of 2000, resulting in a total of 1,200 jobs.

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Bank One – PRISM

RI-based Nestor, Inc. announced that Bank One Transaction Processing Services has licensed ‘PRISM’, Nestor’s fraud protection system to predict and safeguard against fraud. Through the licensing agreement, Transaction Processing Services will provide the ‘PRISM’ system to its credit card clients such as Crittson Financial, and brokerage clients, including Morgan Stanley Dean Witter, The Pershing Division of Donaldson, Lufkin, and Jenrette Securities Corporation, and Reserve Funds. ‘PRISM’ is an intelligent risk management system that provides early and accurate fraud detection by identifying suspect activity. The system automatically adapts to new and altered patterns of criminal behavior before fraud losses multiply.

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