ARKSYS in Haiti

ARKSYS announced an agreement with Sogebank (Societe Generale Haitienne de Banque S.A.) of Port- Au-Prince, Haiti, to provide its Integrated Credit Card System software to enable the bank to issue and process credit cards, and manage merchant POS transactions.

Established in 1986, Sogebank, one of Haiti’s most progressive banks, is the only bank in Haiti to offer proprietary ATM services.  The bank’s retail delivery operations also include ARKSYS’ ATM Management, POS Management and EFT network connections to Visa and MasterCard.  ARKSYS’ products are linked via common modules to a centralized database or card management system. ARKSYS’ software operates on the IBM AS/400 platform.

Sogebank’s credit card solution features a comprehensive card account database, as well as transaction posting, settlement, collections, reporting and security capabilities.

ARKSYS, a privately-held software company headquartered in Little Rock, Arkansas, USA, is a premier provider of effective payment and financial transaction delivery systems.  The company offers comprehensive ATM, POS, debit and smart card packages, EFT network solutions, interactive voice response, international credit card systems, and Internet and intranet cash management, home banking, bill payment and presentment offerings.

ARKSYS’ home page address is .

ARKSYS, Integrated Transaction Management and ITM are trademarks of Arkansas Systems, Inc.


Tomorrow’s Smart Cards

The key driver for smart card acceptance is the ability to support multiple applications including both contact and contactless operations. The problem is most of the contact smart cards in use for banking and retail are too slow to deliver contactless applications where transactions must be executed in fractions of a second. Yesterday Hitachi announced it has licensed ‘FRAM’ technology from Racom and Ramtron to produce the next generation of smart cards to provide the speeds necessary for tomorrow’s smart card applications. Currently smart cards use a mix of dissimilar memory technologies such as ‘ROM’, ‘SRAM’ and ‘EEPROM’. ‘FRAMs’ are as fast as ‘SRAM’, potentially as dense as ‘DRAM’ and 20,000 times faster than ‘EEPROM’. ‘FRAM’ also uses one millionth the power currently needed for smart cards. ‘MULTOS’ and ‘Java Card’ can also be enhanced with ‘FRAM’ as it removes the unnatural, fixed partitions and performance limitations that bind users to proprietary combinations of smart card hardware and software.


AmEx Card Chief Joins GT Board

Phillip J. Riese, President of the Consumer Card Services Group for American Express Travel Related Services Company, Inc., has joined the Board of Directors of GT Interactive Software Corp. , a leading global entertainment software company.

“Phillip’s diverse global business experience leading one of the world’s most influential and successful corporations will be invaluable as we continue to grow GT Interactive as a leader in interactive entertainment,” said Joseph Cayre, chairman of GT Interactive.

“Phillip’s addition to our Board of Directors reflects our strategy of attracting proven leaders in their fields whose business acumen will augment our growth on a worldwide basis,” added Ron Chaimowitz, president and chief executive officer of GT Interactive. “We are pleased to have Phillip further strengthen and contribute to our board as we move our company forward.”

“I am excited about joining GT Interactive’s board for two principle reasons,” said Riese. “The first is that GT Interactive has had a phenomenal growth and profit trajectory and I’m looking forward to helping them shape their continued success. In addition, while the target audience and business environment is very different from that of the financial services industry, brand names, consumer loyalty and market segmentation are essential. As a result, I know that I will be challenged to bring my consumer marketing experience to bear in new and interesting ways.”

Riese, 48, is responsible for developing and marketing all U.S. consumer charge and credit cards. In addition, he is responsible for managing the service on both U.S. consumer and corporate cards, customer information management and risk management in the U.S. He is also Chairman of American Express Centurion Bank.

Riese joined American Express in 1980 from Chase Manhattan where he served as Division Executive of the Bank’s Merchant Service Division Visa and MasterCard businesses. Riese was a partner in M.C. Geffen Associates, an international consulting firm headquartered in Capetown, South Africa.

Riese holds a Bachelor of Commerce degree from Leeds University, an M.B.A. from the University of Capetown, and a Masters degree in Management from M.I.T.’s Sloan School of Management.

American Express Travel Related Services Company Inc., is a wholly-owned subsidiary of the American Express Company — a diversified worldwide travel and financial 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.

Headquartered in NY, GT Interactive Software Corp. is a leading global publisher of entertainment and edutainment software under the GT Interactive, Cavedog Entertainment, SingleTrac, Humongous Entertainment and MacSoft brands for personal computers as well as video game systems from Sony, Nintendo and Sega. GT Interactive is a leader in value-priced software under the WizardWorks, CompuWorks and Slash brands. Located on the World Wide Web at , GT Interactive is publicly traded on the NASDAQ National Market System under the symbol GTIS.


Frst Natl Omaha in Y2K Biz

First Technology Solutions announced yesterday that it will begin marketing Year 2000 services nationwide through First National Bank of Omaha’s BANK to BANK program.  The Year 2000 services will be primarily focused on an organization’s computer systems including LAN/WAN, midrange and mainframe environments.  BANK to BANK focuses on providing community banks traditional and innovative banking products to keep them competitive and independent.

First Technology Solutions services include hardware and software impact analysis, inventory of existing hardware and applications, and conversion cost estimation.  Other services include risk assessment, organizational planning and project coordination for the organization.

First Technology Solutions can also provide remediation services to bring the organization’s computer environment within compliance.  In addition, FTS offers clean management services to keep the computer systems compliant through the year 2000.

For larger organizations, First Technology Solutions offers an exclusive family of software tools, Y2KSOLVR, for impact assessment, source code modification and clean management on midrange and mainframe computers. Y2KSOLVR was developed within First National Bank of 0maha to complete their Year 2000 analysis.

“Use of the Y2KSOLVR suite of tools and its testing methodology saved the bank millions of dollars in completing our remediation effort.  We were able to complete our effort at least six months earlier than the proposal from a major vendor with less than 1/5 of the resources.  You have to see these tools to believe what they can do.  The methodology used for enterprise testing is truly unique,” said Clayton Marsh, Vice President of Systems Development at First National Bank of Omaha.

First Technology Solutions is a subsidiary of First National of Nebraska. First National has more than 6.1 million customers, more than $7.3 billion in assets, is a top 25 Visa and MasterCard issuer and a top 10 Visa and MasterCard processor.



Banc One rolled out a new credit card yesterday for auto dealerships and other auto service providers to offer customers special financing for car repairs and accessories. ‘CarCareONE’ offers instant credit for qualified customers and offers a discounted merchant processing rate compared to other general purpose credit cards. The ‘CarCareONE’ credit card features a 90- day, same-as-cash program on purchases over $150, a 25-day grace period on purchases under $150 and no annual fee. The card also includes a free emergency roadside assistance program providing free jump starts, towing, tire change, fluid replacement, and lock- out service. Banc One introduced the card at the NADA convention in New Orleans Monday.


Entrust Expands SET Certificate Interoperability

Entrust Technologies, Inc., the leading provider of Certification Authority (CA) and public-key management products, today announced that Secure Electronic Transaction (SET) 1.0 certificates issued by its Entrust/CommerceCA interoperate with merchant, wallet and payment gateway products from GlobeSet and Trintech. This capability highlights the maturity of the SET 1.0 standard and demonstrates to customers the flexibility of a multi-vendor, standards-based environment.

“Interoperability of SET certificates with payment applications is critical to accelerating the worldwide deployment of secure Internet payment services,” said John Ryan, president and chief executive officer, Entrust Technologies, Inc. “This cooperation highlights how real-world public-key infrastructures (PKI) are enabling and forwarding secure business-to-business and business-to-consumer electronic commerce.”

“As the industry’s premier OEM-provider of SET software, GlobeSet is proud to enable Entrust to deliver SET 1.0 capability and guaranteed certificate interoperability to the widest range of SET application vendors in the world,” said Michael Cation, chairman and chief executive officer of GlobeSet. “We are also proud to play a critical role in the practical implementation of SET and the realization of the promise of secure electronic commerce.”     “Trintech is delighted to be involved in this industry-wide initiative.

Consumer and merchant confidence is essential to the success to electronic commerce. SET is an important key to unlocking the latent potential of the Internet. Trintech with the help of public-key providers, such as Entrust Technologies, is witnessing an explosion in interest in this exciting new payment medium as proven security standards are developed,” says John McGuire, chief executive officer of Trintech Inc.

To be commercially available in the second quarter of 1998, the Entrust/CommerceCA product is an extension to the Entrust/Manager(TM) software. Entrust Technologies is the only company offering certificate-based security solutions all from a single Entrust public-key infrastructure to serve intranet and Web-based needs and SET applications.

With the SET extension, an Entrust PKI will allow companies such as banks, large retailers or other credit card-issuing organizations to become a SET CA, permitting them to issue certificates to consumers, merchants and payment gateways involved in SET transactions. SET certificates accompanying consumer and merchant software applications provide strong authentication through digital signatures and transaction confidentiality through encryption, paving the way for secure electronic commerce.

Entrust Technologies is dedicated to ensuring the privacy and authenticity of data communications enterprise-wide. Its award-winning public-key infrastructure technology combines encryption and digital signature capabilities with fully automated key management. Widely used by financial institutions, government agencies and high-tech corporations, the Entrust software family provides a complete security solution across multiple platforms for desktops, corporate networks, intranets and the Internet. Entrust Technologies is headquartered in Richardson, TX with offices in New York, San Francisco, Los Angeles, San Diego, Philadelphia, Boston, St. Louis, Raleigh, McLean, Ottawa, Toronto and Montreal. Entrust is a majority-owned subsidiary of Nortel (Northern Telecom). It was recognized by Red Herring Magazine as one of the top 50 private technology companies of 1997.

Visit Entrust Technologies’ Web site at

Entrust is a registered trademark of Entrust Technologies Limited. All Entrust product names are trademarks of Entrust Technologies Limited. All other company and product names are trademarks or registered trademarks of their respective holders. SET Secure Electronic Transaction, Secure Electronic Transaction, and SET are trademarks of MasterCard International Incorporated and Visa International Service Association.


Mid-Size Players Part I

Among card issuers with more than $100 million but less than $200 million i receivables, secured card issuer Orchard Bank posted the most significant change last year. However another mid-size, secured card issuer, First National Marin, posted a loss. According to other data released this week by Bankcard Update/CardData, secured card/sub-prime issuers, as a whole, had a banner year with growth averaging about 30%. Meanwhile low-rate specialists Amalgamated and AFBA experienced lackluster growth while AR-based Simmons posted average gains among this peer group. Carolina First and First Commerce Bankshares of Nebraska grew nearly three times faster than others within this segment.

       Issuer              97 EOY RECV          96 EOY RECV   CHANGE
Amalgamated         $106,181,259         $104,349,680    +1%
       Frst Natl Marin      111,586,662          115,723,000    -3%         
       Zions                120,914,196          115,741,852    +4%
       AFBA                 139,274,792          150,218,574    -7%
       Carolina Frst        149,076,886          127,031,717   +17%
       Orchard Bank         152,030,416          114,774,355   +32%
       United Missouri      152,846,773          148,006,183    +3%
       Central Carolina     167,582,952          162,551,636    +3%
       Simmons              177,043,975          165,981,357    +6%
       Regions Finc         179,192,786          173,137,519    +3%
       Frst Commerce (NE)   180,564,211          155,857,321    +16%
       Group Total          $1,636,294,908       $1,533,373,194  +6%
               Source Bankcard Update/CardData Jan 98 issue


DebitLink Firm Buys MovieVision

Sims Communications, Inc. announced Friday the company has acquired MovieVision, Inc. in an exchange of common shares.

MovieVision, Irvine, California, provides automated video rental through on-site machines in some 140 hotels nationwide, 70% of them in the Orlando, Florida resort area.

Mark Bennett, President and Chief Executive Officer of Sims, said that MovieVision, a 10 year old company and the leader in this niche market, allows Sims entre into the travel and hospitality industries and provides perfect synergies with Sims other products and services.

“Our target market for MovieVision’s services are the traveling businessman and the tourist,” said Bennett, “the same market that we are tapping for our cellular phone rental and pre-paid calling cards. Therefore, this acquisition provides significant advantages for us, including economies of scale, because the technology is the same. We expect that we will be able to expand the market for MovieVision immediately.”

Bennett added that this acquisition, coupled with the recent announcement that Sims intends to acquire 1 One Medical Service, L.L.C., a leader in providing financial transactions for the home health care industry, indicates that Sims is dedicated to a strategy of expanding its technology and services into additional synergistic markets.

Sims Communications, Inc. has developed a revolutionary counter top credit and ATM card transaction terminal (“DebitLink”) primarily for the purchase of goods, services and financial transactions. This unit includes the capability of phone card activation, customer frequency programs, check guarantee, Medi-Cal verification and pre-paid cellular time activation. The company is also involved in cellular phone rental.


Pandesic Gets Award

Five companies were awarded with The Best of Showcase awards at the second annual Internet Showcase conference Friday.  Based on product, performance and presentation honored the following companies with the award

Tut Systems’ HomeRun  Tut’s innovative HomeRun technology and products create a low-cost, Ethernet-compatible LAN for the home using existing in-home telephone wiring without disturbing existing telephone service.  HomeRun enables multiple PCs, peripherals, and other devices such as IP telephones to simultaneously connect to each other and to high-speed Internet devices.

Silverstream Software’s Silverstream  Silverstream’s next-generation Web application platform is a comprehensive solution that allows developers and power users to easily develop and deploy sophisticated, HTML and Java-based business applications, accessing both structural relational databases and rich content.

Net Objects’ NetObjects Fusion 3.0  NetObjects Fusion 3.0 is a web site building application that lets users create dynamic business web sites with visual appeal, interactive data, and e-commerce.  NetObjects Fusion’s open environment lets you integrate the content needed for your site, including media, documents, HTML pages, scripts, components and databases.

Personify Personify Real-Time Server  Personify’s real-time marketing software gives E-businesses a competitive edge by allowing them to gain insight about their customers.  Personify’s Real-Time Server allows marketers to leverage the data their Web sites generate into predictive user profiles and segmentations to drive increased response rates.  The result is more people hitting the buy button, the send-me more information link, or staying on a site longer and returning more often.

![][1]     Pandesic’s The Pandesic Solution  The Pandesic E-business solution is a bundle of software, hardware and services that allow merchants to real-time electronic business.  It allows merchant access to all the business functions including credit card transaction, inventory management, financial accounting, shipping and vendor payment — all in real-time.

Sponsors for Internet Showcase ’98 and the E-Commerce include Apple Computer (Nasdaq AAPL),  AT&T (NYSE T), Cidco, Inc. (Nasdaq CDCO), General Magic (Nasdaq GMGC), Intel (Nasdaq INTC), Intershop Communications, Inc., InterTrust Technologies Corporation, Lands’ End (NYSE LE), Lotus Development Corporation (NYSE IBM), Microsoft (Nasdaq MSFT), The Nasdaq Stock Market, Netscape Communications Corporation (Nasdaq NSCP), Novell (Nasdaq NOVL), Pacific Bell Internet Services, PR Newswire and Vignette Corporation.

Internet Showcase is a presentation of Upside Events, the conference production and management unit of Upside Media, Inc., publisher of Upside Magazine, and David Coursey, editor and publisher of, inc.  Both companies are privately held and based in San Mateo, CA.

[1]: /graphic/pandesic/pandesic.gif


CU Winners

While many bank issuers of credit cards struggled this year to hold onto marketshare and in some cases threw in the towel, credit unions continue to show significant growth with small portfolios.

       Credit Union         97 EOY RECV         96 EOY RECV         CHANGE
       Boeing              $183,994,455        $152,051,002         +21%
       Teachers (IN)        126,200,869         126,003,965          NC
Baxter                89,409,084          79,317,952         +12%
       Redstone              75,449,176          58,035,365         +30%
       Tyndall               63,844,270          56,042,653         +13%
       Lockheed              49,680,280          46,816,317         + 6%
       Mich. St Univ         48,953,884          43,504,990         +12%
       Aberdeen Prov.        45,976,202          37,053,000         +24%
       NW Airlines           33,835,059          23,604,362         +43%
       State Dept            29,766,030          28,129,786         + 6%
               Source Bankcard Update/CardData Jan 98 issue


Exec TeleCard Adds Director

Executive TeleCard, Ltd. announced Friday that Mr. James O. Howard has joined the Company’s Board of Directors. Mr. Howard brings to the Company a vast range of experience in the telecommunications and financial services industries.  His expertise in administration, legal, growth development and management, combined with his background in credit card products and payment systems provides a strong addition to the Company’s Board.

In his position as Chief Financial Officer of Benton International Inc. he is responsible for implementing polices that more than doubled revenues and doubled the number of domestic offices as well as establishing overseas offices and improved technology during his six year tenure.  His most recent accomplishment was his role in the negotiations and completion of the sale of Benton to Perot Systems Corporation.

From 1981 to 1990 he was a consultant at Benton International specializing in strategic planning and product development for the financial services industry.  One of his longest client relationships was with MasterCard International, where he maintained office for several years as the senior consultant on site.

His legal career includes General Counsel, National Commission of Electronic Fund Transfers, Acting Chief Counsel, National Telecommunications and Information Administration, U.S. Department of Commerce, and from 1974-1976 he was in the Office of the General Counsel, White House Office of Telecommunications Policy.  His office advised the President on policy matters relating to telecommunications and computers.  His education includes graduation from the Yale Law School, where he was a founder of Yale Legislative Services and a fellowship at the Maxwell School of Public Administration.

“We see Mr. Howard’s appointment to our Board of Directors as a significant addition to our Company,” commented Executive TeleCard CEO, Christopher Vizas.

Executive TeleCard, founded in 1987, is an international communications service company providing voice and data services via its World Direct global network to major corporate and carrier partners worldwide and providing enhancements to its partners’ global calling cards.  Executive TeleCard’s products and services include  global calling card services, national calling card platform services, global internet access (eGlobe), international and domestic toll-free service (Service 800) and multi-currency, detailed billing.


Affinity Phone Cards

OR-based 1-800-PRE-PAID signed agreements this weekend with Pepsi to produce a promotional prepaid phone card in conjunction with Pepsi’s new logo design. 1-800-PRE-PAID will print 8,000 of the cards for distribution to employees in Pepsi’s western markets. The phone card company specializes in affinity marketing and says it will announce several major deals with airlines offering a generous bonus to mileage program members. 1-800-PRE-PAID already offers prepaid cards through United Airlines, America Airlines and Reno Air.