Bull Joins VISA Smart

Reinforcing its central role in implementing state-of-the-art products and technologies, Bull announced today at CardTech-SecurTech that Visa has chosen Bull’s microprocessor cards and terminals for its Visa Smart(TM) program. With this program, Visa is making it possible for its 21,000 Member banks to migrate towards credit card systems based on microprocessor smart cards, while keeping investments, risks and lead times to a minimum.

The Visa Smart program brings together leading companies worldwide, including card manufacturers, terminal manufacturers, consulting firms and service companies. Bull is an approved partner in both the Java card and terminal categories.

“We are delighted that Bull has become a partner in Visa Smart, which brings together leading technology suppliers and a comprehensive group of chip-based products and services to help Visa Member banks launch smart card programs quickly and cost efficiently,” said Philip Yen, senior vice president, Open Platform, Visa International.

Visa’s technological approach is based on the Java Open Platform. Visa customers will subsequently be able to use this platform to provide new Visa card services without having to replace all existing cards.

“As the world’s leading supplier of microprocessor smart cards for the banking sector and long-time partner with Visa, including the VisaCash(TM) program, Bull will be actively backing Visa Smart,” said David Levy, president & CEO of Bull Smart Cards & Terminals. “The Java Open Platform will ensure Visa card interoperability.”

“We are delighted to be working with Visa on this important initiative,” said Christian Goire, chairman of the Java Card Forum and in charge of advanced projects for Bull Smart Cards & Terminals. “Bull was one of the first smart card manufacturers to take up Java technology. We created, with the INRIA, the French National Institute for Research in Computer Science and Control, in May 1996 an economic interest group to jointly capitalize on their knowledge of virtual machines. Bull introduced its first a Java card, Odyssey I, in February. Odyssey II will conform with Visa’s Visa Open Technology platform.”

Bull Smart Cards in the Banking Sector

Bull is the world leader in electronic purses cards. In France in 1980, Bull was behind the first microprocessor credit/debit card that was subsequently used on a one-country scale: the BO’ card. This card, used for making both withdrawals and payments, is accepted in all of France’s cash distributors (25,000 today) and payment terminals (500,000 retailers equipped). More than 28 million of these cards are currently in circulation in France, representing an annual transaction total of more than FF1000 billion ($179 billion). In Great Britain, Bull is an active member in the UKIS project with NatWest (National Westminster Bank).

Bull also designs the range of SmartEMV multi-application cards, which fully comply with the specifications jointly defined by Europay, Mastercard and Visa. The SmartEMV offer is based on Bull’s unique expertise in terms of security which, according to ITSEC criteria, has been certified at the highest level ever reached by a smart card.

Bull’s Smart Card Terminals Offer

Bull’s know-how consists in controlling the design, manufacture and marketing of a series of electronic payment terminals capable of satisfying a wide range of specifications and providing customers with the ability to adapt each type of terminal to the country concerned.

Bull has 650,000 electronic payment terminals installed throughout the world. Bull is a leading European payment terminal manufacturer and is particularly well established in Southern Europe, Eastern Europe and Scandinavia. In Latin America, Bull is the leading Visa provider in the framework of the development of electronic payment by debit/credit card and of the Visa Cash electronic purse program.

About Bull Smart Cards and Terminals

Bull designs and markets a wide range of contact and contactless microprocessor smart cards, electronic payment terminals and automatic points of contact, including cash dispensers and multimedia kiosk POS terminals. In 1997, these activities generated revenue of $237 million, an increase of 32 percent over 1996.

The history of smart cards at Bull goes back to 1979 when Bull’s Michel Ugon, in collaboration with Motorola, invented the world’s first microprocessor card (CP8 technology). Today, all microprocessor cards worldwide still use Bull CP8 technology for the micro-electronic part (SPOM – Self-Programmable One chip Memory) patent. More than 420 million microprocessor cards use CP8 technology, either as patents, applications or operating systems.

Bull is the world leader in the electronic purse segment with more than 27 million cards in use in ten countries. Approximately 60 percent of the world’s smart cards used in banking today have been designed by Bull. Bull also is a leader in electronic payment terminals, with 650,000 machines installed worldwide.

More information on Bull Smart Cards & Terminals can be found on the World Wide Web at: [www.cp8.bull.net][1], on Groupe Bull Web site: www.bull.com, and in the U.S. at [www.us.bull.com][2]

[1]: http://www.cp8.bull.net
[2]: http://www.us.bull.com

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InfiBank Opens

InfiCorp Holdings, Inc. announced Tuesday the opening of a limited-purpose bank for issuing credit cards in association with clients.  InfiBank is chartered in Georgia, headquartered in Atlanta and was recently capitalized by a $17.7 million private equity offering. Funding was provided by RRE Investors, Noro-Moseley Partners, Chancellor LGT Asset Management, Task Holdings Limited, Victory Ventures LLC and several individual investors. InfoCorp says the bank will broaden and complement the array of credit card management services currently offered to existing and prospective clients.

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Gemplus Joins VISA Smart

Gemplus(R) today announced that it has signed a letter of intent with Visa International to become a partner in the Visa Smart Program, which offers complete smart card solutions to Visa financial institutions worldwide and may potentially transform the way consumers purchase goods and services.

As a partner in the Visa Smart Program, Gemplus will provide smart cards, smart card readers, applications development software, and support services to Visa members for such applications as electronic purse and loyalty. The Gemplus product offering will include the whole range of Visa Smart products, such as Visa Cash, Visa Smart Credit and Visa Smart Debit; and the Visa Open Platform, a secure multi-application card based on Java(tm) Card technology.

All of the Gemplus products provided to Visa members under the auspices of the program conform to Visa Chip application standards.

“We are delighted to extend our longstanding relationship with Visa to this important program offering secure smart card solutions to Visa members,” said Donna Jeker, vice president of strategic marketing and partnerships for North and Latin America. “We are committed to fully supporting Visa’s impressive effort to provide the most versatile and secure smart card applications to its members.”

About Gemplus

Gemplus(R) (http://www.gemplus.com) is the world’s leading provider of conventional and smart card-based solutions. Gemplus sells magnetic stripe cards, memory and microprocessor-based smart cards, smart contactless cards, electronic tags and smart objects. The company designs and markets software, development tools and readers. Gemplus also provides consulting, training and personalization services to deliver the industry’s most comprehensive and flexible card-based solutions to its developers, distributors, partners, and customers.

With sales of over US$585 million in 1997, Gemplus employs more than 4,100 people, in ten manufacturing facilities, five R&D centers and 41 sales and marketing offices located in 27 countries around the world. Founded in 1988, Gemplus has successfully implemented portable and secure smart card-based solutions to simplify applications such as public and wireless communications, financial transactions, loyalty, transportation, education, healthcare, identity, access control, pay TV, electronic commerce, Internet security, and information technology.

(c) 1998 Gemplus Corporation. Gemplus is a registered trademark of Gemplus. All other trademarks are the property of their respective owners.

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Mag-Tek Bridge

Mag-Tek Inc., an international leading provider of card-technology solutions, unveiled new solutions for the migration from magnetic-stripe card applications to hybrid-card applications at CardTech/SecurTech ’98, held in Washington, D.C.

Known worldwide as an industry leader in technology and innovation, Mag-Tek pioneered magnetic-stripe readers more than 25 years ago. Today’s new line of Mag-Tek hybrid products also feature smart-card capabilities with incredible rapid data-transfer rates of 115Kbits, the maximum speed allowable by ISO 7816 specifications.

This newly developed interface is capable of addressing up to 6 SAM modules for all hybrid-card-based applications. Available in motorized and manual versions, the new hybrid readers and writers feature vandal-resistant designs and are available with optional dual heads for optimal user-friendliness.

Mag-Tek provides a full solution for card personalization and card issuance, as well as magnetic-stripe and smart-card reading and writing.

Markets served by Mag-Tek include, but are not limited to financial/banking, retail (point-of-sale (POS)), OEM, health care, badging/access, hospitality and gaming/vending.

Since 1972, Mag-Tek’s headquarters have been in Carson, with sales offices throughout the United States and international distribution in more than 40 countries.

Mag-Tek technology is used in millions of POS and financial transactions utilizing debit cards, credit cards, grocery-store checkouts, automated gas pumps, pay phones and airplane-seat phones throughout the world.

For more information on Mag-Tek products, call 888/624-8350 or visit the company’s new state-of-the-art Web site at .

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Credit Risk Training

A highly regarded consumer credit management training program, scheduled for June, is open to individuals from all financial institutions. The program, ‘Consumer Credit – Managing Risk and Reward’, is headed by former Citibank and Ford Motor executive David Lawrence. Mr. Lawrence is also the author of  ‘The Handbook of Consumer Lending’. The seminar is usually offered internally at major banks such as NationsBank, Chase Manhattan and U.S. Bancorp. The program uses case studies, exercises, and a computer-based profit-modeling game to ensure active involvement. The seminar will be in New York City, June 16-18. For more information 1-212-866-2395.

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US Wireless Signs Maverick

U.S. Wireless Data announced a transactions processing agreement with Tuscon, AZ-based Maverick International Processing Services Inc. The addition of Maverick significantly broadens the transaction processing capability offered to merchants that implement U.S. Wireless Data’s wireless transaction processing solutions. U.S. Wireless Data and its marketing partners began offering Maverick’s processing capabilities March 21. U.S. Wireless Data and its marketing partners are currently targeting merchants throughout the U.S. that currently own and operate VeriFone TRANZ 330, 380 or 460 dial-up terminals and offering them a complete wireless system using their existing terminals.

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Bull Pushes Into North America

Bull announced today at CardTech/SecurTech that it has established two new third-party programs in North America to accelerate end user and market demand for smart card-based solutions in the region, and to provide the strong business model and strategic direction that such initiatives require.

The two new programs are the Smart Card Authorized System Application Supplier (SAS) program and Cooperative Marketing program. Bull also announced that three companies have already joined the Cooperative Marketing program.

“The third-party programs are designed to meet the needs of end users by providing Bull’s superior technology in smart cards, readers and terminals together with application expertise provided by leading smart card system integrators,” said Jack MacKeen, vice president, Smart Cards & Terminals, Bull North/South America.

“The SAS program provides for a close working relationship with the premier smart card system integrators in selected application fields,” he said. “The program allows selected participants to partner with Bull and use the Bull logo in their marketing and sales activities. The Cooperative Marketing program provides a framework for Bull and selected third parties to work together and/or independently to deliver smart card solutions to end users.”

Bull also announced that three companies already have joined the Cooperative Marketing program: Computerized Security Systems, Keyware Technologies and Smart Card Solutions. Computerized Security Systems and Keyware Technologies are represented at Bull’s CardTech booth (#2415).

Under the Authorized System Application Supplier program, Bull provides products (e.g., smart cards, readers, printers and software) and training, plus smart card personalization and systems integration services. SAS partners provide the application(s) compatible with Bull’s products and technology, application expertise support (including customization) plus sales resources. In addition, the program provides for joint sales calls when appropriate as well as coordinated technical support.

Under the Cooperative Marketing program, Bull and third-parties share activities to generate demand through advertising, trade shows, direct mail, etc. Participants in the Cooperative Marketing program need not be SAS partners, but they can work with Bull to join that program if they meet the requirements.

Cooperative Marketing program members demonstrating their capabilities at Bull’s CardTech booth are Computerized Security Systems, showing its smart card-based Saflok physical access control system for the lodging industry; and Keyware Technologies, featuring smart card biometric verification using voice recognition technology.

About Bull Smart Cards and Terminals

Bull designs and markets a wide range of contact and contactless microprocessor smart cards, electronic payment terminals and automatic points of contact, including cash dispensers and multimedia kiosk POS terminals. In 1997, these activities generated revenue of $237 million, an increase of 32 percent over 1996.

The history of smart cards at Bull goes back to 1979 when Bull’s Michel Ugon, in collaboration with Motorola, invented the world’s first microprocessor card (CP8 technology). Today, all microprocessor cards worldwide still use Bull CP8 technology for the micro-electronic part (SPOM – Self-Programmable One chip Memory) patent. More than 420 million microprocessor cards use CP8 technology, either as patents, applications or operating systems.

Bull is the world leader in the electronic purse segment with more than 27 million cards in use in ten countries. Approximately 60 percent of the world’s smart cards used in banking today have been designed by Bull. Bull also is a leader in electronic payment terminals, with 650,000 machines installed worldwide. More information on Bull Smart Cards & Terminals can be found on the World Wide Web at: www.cp8.bull.net, on Groupe Bull Web site: [www.bull.com][1], and in the U.S. at [www.us.bull.com][2]. Those interested in the new third-party programs can call Bull Smart Cards & Terminals at 978/294-3670.

[1]: http://www.bull.com
[2]: http://www.us.bull.com

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IVI Markets Oasis

International Verifact Inc. (TSE: IVI; NASDAQ: IVIAF) announced today that its Latin American joint venture, IVI Ingenico Inc., has entered into a strategic alliance with Datagrams S.A. to market Datagrams products in Latin America through IVI Ingenico’s distribution network.

Under the terms of the agreement, IVI Ingenico will become Master Distributor of Datagrams products – Dataloyalty and Datacash – in Latin America, while providing marketing, support and maintenance services on a local basis.

Dataloyalty is a smart card based turnkey system that allows a retailer or financial institution to implement a loyalty program. The Dataloyalty system includes all the logical components of a system, including host software, terminals, communications and cards.

Similarly, the Datacash system was designed to be a closed electronic purse scheme with targeted markets such as stadiums, parking garages, home delivery and tourist resorts. Like Dataloyalty, the Datacash system includes all the necessary components for operation. Both products run on Microsoft Windows 95/NT platforms.

Jorge Fernandez, Executive Vice President and General Manager, IVI Ingenico commented that the agreement with Datagrams is consistent with the company’s vision of providing turnkey systems and solutions, rather than just being a terminal vendor to its customers. “Our company is a world leader in providing smart card based systems, and we believe that this alliance establishes further our leadership in the fast growing market of smart card based applications,” added Mr. Fernandez. “We already have a very successful working relationship with Datagrams in Europe. We know their products well and believe this partnership to be a great opportunity for IVI Ingenico to penetrate new markets and expand our growth in the region, while providing loyalty solutions that are not available from any other vendor.”

Bruno Zysman, President of Datagrams, commented that his alliance with Groupe Ingenico has been very successful in Europe, and that he looks forward to extending this relationship to IVI Ingenico in Latin America. “IVI Ingenico brings to us a great deal of value, including their extensive network of distributors and their years of experience in the Latin America marketplace,” added Mr. Zysman.

Datagrams S.A., based in France, is an integrator and designer of software for smart card solutions. Setting standards for the electronic purse and loyalty field, Datagrams’ expertise also includes the design of database systems, communications protocol transferring data on products and developing interactive touch screen kiosks using smart card readers. Additional information can be found at .

IVI Ingenico Inc., based in Miami, Florida, is a joint venture between IVI and its strategic alliance partner, Groupe Ingenico, of Paris, France.

Groupe Ingenico is engaged in the design, development and sales of secured terminals and complete systems dedicated to electronic payments, loyalty and electronic benefits transfer and is the recognized leader in smart card technology in Europe, Africa and the Asia-Pacific areas. Further information is available at .

IVI is engaged in the design, development and sale of electronic payment solutions for retailers, financial institutions, governments and other businesses. The company’s hardware and software products include solutions for point-of-sale debit/credit/EFT/EBT terminals, check readers, smart card readers, POS printers and secure PIN entry devices. Additional company information is available on IVI’s website at .

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Omnius CardPress

Indigo N.V. said Tuesday it is shipping its new digital solution for color printing on plastic cards, the Omnius CardPress. The Omnius CardPress made its first commercial appearance this week following successful testing and purchase by two industry leaders, Gemplus Ltd. and Novo. The Omnius CardPress creates the highest quality, vibrant color cards in small quantities for proofing, or production quantities of tens of thousands of plastic cards on demand.  It is the only digital press in the plastic card industry.  It can produce individually personalized cards from electronic databases, all in real time, at full production speeds of up to 21,000 card faces an hour.

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Da La Rue Joins VISA Smart

De La Rue Card Systems, one of the world’s leading suppliers of smart cards, electronic transaction solutions and identity systems, has today announced that it has signed a letter of intent with Visa International to join the Visa Smart program.

The program is designed to transform the way people pay worldwide by introducing a range of products and services to help financial institutions evolve to smarter, safer chip-based bank cards.

As part of the program De La Rue will provide cards, application development and support enabling Visa members to access De La Rue’s full range of smartcard products, technologies and services. This will include GalactIC, De La Rue’s new range of smart card products based on Java(TM) technology that have been optimized to support applications such as debit, credit, electronic purse, loyalty and electronic commerce.

Kevin Loosemore, managing director of De La Rue Card Systems comments: “As the uptake of smartcard solutions as a global payment method increases pace, the need for a framework that will enable Visa members to migrate their bank cards to chip is essential. With the Visa Smart Program, Visa is delivering a more secure and cost-effective means of processing chip-based payment products.

De La Rue is currently the number one supplier of Visa cards worldwide and we believe that the Visa Smart program will help us achieve our vision that by 2005 10% of the world’s population will possess a De La Rue smart card.”

Patrice Peyret, director of consumer transactions at Sun Microsystems, Inc., comments: “De La Rue is among the world’s leading players in the smart card market and their membership of the Visa Smart program reinforces the role they are playing, along with Visa, to promote the Java Card platform as the standard for smart card development.”

The De La Rue card solution, to be offered in the Visa Smart program, utilizes open platform technologies compliant with Java standards and meets security and application loading requirements defined by Visa for the banking community.

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B of A Smart Cards

Bank of America launched Tuesday a new security and encryption process for corporate clients who use ‘WANDA’ electronic services to transfer funds, initiate payments and manage their global accounts. WANDA is Bank of America’s integrated cash management services platform, currently used by more than 600 large BofA corporate clients, in 1,000 sites worldwide, to access their cash management accounts. The new smart cards offer encryption and authentication capabilities, while also providing BofA corporate clients with customization options and security monitoring to track user access to the system.

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