Milwaukee-based M&I Data Services announced yesterday it will expand its in-house smart card pilot to reloadable ‘VISA Cash’ cards in the second quarter 1998. The expanded program will involve 3,700 employees on the company’s two corporate campuses. The ‘VISA Cash’ program will utilize Diebold’s ‘iq Summary’ transaction processing software and M&I Data Services’ EFT processing platform. M&I introduced $20 disposable smart cards two months ago to its employees.Details
Working with eight of the world’s most distinguished financial institutions, Hewlett-Packard Company, VeriFone and EDS announced yesterday that First Global Commerce, a worldwide industry initiative designed to develop and promote open electronic banking and commerce, now and in the 21st century.
First Global Commerce is composed of two major elements, an interactive industry forum and an initial platform of open electronic commerce solutions. The forum, initially representing North America, Europe and Asia, will emphasize the open exchange of information and ideas between global technology partners and financial services institutions to shape the direction and drive the dynamic changes in electronic commerce technology.
Building on an open technology architecture, forum members will promote the deployment of a broad range of electronic payment solutions that initially consists of three product groups: enterprise payment solutions, Internet commerce solutions and smart card solutions.
“First Global Commerce is a strategic industry initiative designed to provide financial institutions a basis for developing and implementing a complete foundation for value-added banking services for the next century,” said Lloyd Mahaffey, senior vice president, Global Marketing and Development at VeriFone. “We believe that VeriFone, HP and EDS are in a strong position to unify financial services organizations and technology providers to propel the market development of open electronic commerce solutions.”
VeriFone’s Integrated Payment System (IPS) forms the initial core solution that supports the First Global Commerce initiative. IPS is a modular and scaleable electronic commerce platform supporting merchant point of sale, Internet commerce and Smart Card applications. It is designed to support the flexible implementation of various VeriFone electronic commerce solutions as well as provide a basis for third-parties to develop compatible solutions.
“This is a rare opportunity for cross-industry cooperation to change the way people will interact with their financial institutions and purchase goods and services,” said Glenn Osaka, HP vice president and general manager of the Extended Enterprise Business Unit. “First Global Commerce has a broad global mandate to take decisive leadership and action in electronic business.”
HP will provide member organizations with open client/server enterprise computing solutions, including business servers, professional services, security and worldwide support. Utilizing its extensive expertise in systems integration and its global technology infrastructure, EDS is expected to provide financial institutions access to the First Global Commerce solutions and help reduce the risk associated with adopting new technology.
As a starting point, EDS will offer ReadySET, a new global service that handles Internet credit card processing for financial institutions. The service is designed to save those institutions time, money and staffing resources, and provide a seamless, secure processing environment.
“Clearly, the First Global Commerce initiative marks a bold step by a forum of industry leaders toward realizing the full market potential of electronic commerce,” said Paul Rudolph, president of EDS Electronic Markets. “With the leadership of VeriFone, HP and EDS, combined with our commitment to industry-wide collaboration and open standards, First Global is ideally positioned to shape the future of electronic commerce and to redefine financial transactions of every kind.”
First Global Commerce has received far-reaching support from some of the industry’s most influential and innovative players. Charter members include Citibank, Mondex, Paymentech, Royal Bank of Canada, Sistema 4B, Sumitomo Credit, Visa and Wells Fargo.
The group is actively promoting the participation of other financial institutions. For banks not already participating, there are a number of ways to qualify for membership. Institutions that have adopted any component of the IPS architecture will qualify to join and take advantage of members’ benefits.
Other interested banks are encouraged to contact one of the founding technology companies, VeriFone, HP or EDS, for membership information and for further details about First Global. In addition, technology companies with open electronic commerce solutions are candidates to join First Global Commerce. As an example, VeriSign Inc., the leading provider of digital certificates for Internet commerce and communications has agreed to join First Global.
For more information on First Global Commerce or IPS, please visit VeriFone’s Web site at .
HP is the official information-technology hardware and maintenance supplier to the 1998 World Cup soccer tournament and the 1997 Tournament of France. Selected for its technology and skills to support and manage mission-critical applications, HP will help create an information-management infrastructure for handling game-scoring; media centers; personnel accreditation; hotel information; and various ticketing, stadium, warehouse and back-office operations.
Hewlett-Packard Company is a leading global provider of computing, Internet and intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. It is the second-largest computer supplier in the world, with computer-related revenue in excess of $35.4 billion in its 1997 fiscal year. HP has 121,900 employees and had revenue of $42.9 billion in its 1997 fiscal year.
Information about HP and its products can be found on the World Wide Web at .
VeriFone, Inc. (), a wholly owned subsidiary of Hewlett-Packard Company, is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems, which are used in over 100 countries.
EDS, the official information technology services provider for World Cup 1998, is a leader in the global information services industry. The company’s approximately 100,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, services and relationships. EDS, which serves customers in 42 countries, reported revenues of $14.4 billion in 1996. The company is independent and publicly owned, and its stock is traded on the New York Stock Exchange and the London Stock Exchange under the symbol EDS. EDS can be visited via the Internet at .
First Global Commerce Industry Reaction
“Royal Bank of Canada is committed to promoting all forms of electronic commerce. We see First Global Commerce as another opportunity to expand our learning, pilot new solutions and ultimately be part of an industry-wide solution to drive open electronic commerce that meets our customer needs. “VeriFone, Hewlett-Packard and EDS are the natural facilitators for this initiative because of their respective industry leadership positions and their commitment to open electronic commerce.” — Chuck Wilson, Senior Manager, Direct Banking Networks, Delivery Channel Management, Royal Bank of Canada
“Paymentech believes the future of electronic commerce depends on offering open payment choices to meet rapidly changing merchant demand. As a major payment processor, Paymentech seeks to partner with technology leaders such as those in the First Global Commerce program. Paymentech hopes to contribute to and benefit from the combined experience of this group.
“The very distributed, open nature of electronic commerce means a successful electronic commerce strategy will involve the integration of several organizations’ products and services. First Global Commerce’s focus on open electronic commerce solutions incorporating the best applications the industry has to offer will allow Paymentech to quickly meet our customer needs.” — Michael P. Duffy, Chief Operating Officer, Paymentech, Inc.
“We are committed to state of the art technology solutions for our customers. We focus on meeting customer needs across multiple payment options from the physical to the Internet world. As a technology leader in financial services, First Global Commerce participation allows us to work collaboratively to shape the direction of open electronic commerce.
“VeriFone’s Integrated Payment System provides an excellent foundation for building a complete suite of electronic commerce products.” — Debra Rossi, Senior Vice President and Division Manager, Merchant Banking, Wells Fargo
“As one of the pioneers in driving commercial smart card deployment in the U.S., Mondex USA is delighted to participate in First Global. Openly exchanging ideas, developing systems, and fostering cooperation among leaders in the industry are absolutely essential to propelling electronic commerce. First Global is a terrific forum for bringing together the participants who will be instrumental in shaping the industry’s future.” — Cynthia Bengier, Director, Strategy and Product Management, Mondex USA
“Accelerating the deployment of electronic commerce calls for a major paradigm shift in how financial institutions and technology providers cooperate. Initiatives like First Global Commerce allow us to combine forces to develop the electronic commerce market and spur its growth. As a leader in the smart card and electronic commerce arena, Visa is pleased to be part of First Global Commerce.” — Janet Pruitt, Senior Vice President, Electronic Commerce, Visa International
“Joining with worldwide leaders for interoperable and flexible solutions is critical to our member banks and their merchant customers. Sistema 4B is an early VeriFone and HP customer offering SET 1.0 Internet payment services, and we are looking forward to incorporating new applications to take advantage of other market opportunities.” — Jose Sanjuan, Deputy General Manager, Sistema 4B
“VeriSign believes that First Global will be a breakthrough initiative for the broad adoption of electronic commerce by financial institutions and their customers. We applaud VeriFone, HP and EDS for their efforts to establish this unique open technology platform and forum and look forward to offering our industry leading digital certificate solutions to its members.” — Stratton Sclavos, President and CEO, VeriSign, Inc.
“The First Global Commerce program will ensure Sumitomo Credit’s ability to utilize technology to deliver innovative products to our customers. By using First Global products, we are able to combine the physical and virtual worlds to continue our leadership and growth in the electronic commerce marketplace.” — Minoru Hamada, Director and General Manager, Emerging Markets, Sumitomo CreditDetails
Giesecke & Devrient America announced yesterday it is introducing its multi-application smart card system to the U.S. market. ‘STARCOIN’ is designed for deployment in closed payment environments and includes cards, terminals, load devices, card personalization equipment and a centralized clearing and administration system. G&D says it has deployed four million smart cards using ‘STARCOIN’ in Europe.Details
Utilizing deep-space probe technology IDFocus Ltd introduced a new electronic credit card enabling truckers to weigh and refuel their vehicles without having to swipe a card through a slot or wave it past a sensor. The new ‘IDFocus’ card uses 2.45 GHz remote intelligent communications technology and a single chip with microprocessor, 256 bytes of programmable memory and 4 K of memory. The range of the new contactless card is significantly greater than existing radio frequency based cards. IDFocus says it has a live pilot underway in Fife, WA.Details
First Data Resources announced at this week’s BAI Retail Delivery Conference a new card issuing system that enables banks to issue credit and debit cards instantly at their branch locations. The ‘QuicKardz’ system consists of DataCard’s card production equipment and FDR software. FDR says the system offers the ability to personalize cards at a lower issuance cost while incorporating numerous security features.Details
First Data Corporation today announced that Richard T. Robiba has joined the company’s Card Services Group as executive vice president. In this new position, Robiba will direct the strategic growth and market expansion of card issuing services to financial institutions.
Before joining First Data, Robiba had been president of Speer & Associates, Inc., an Atlanta-based consulting firm, where he developed and managed consulting services for financial institutions, networks and card associations. His work at Speer also included strategic marketing support and delivery system evaluations as well as operational and financial assessments.
Prior to joining Speer, Robiba was general manager of card products for the Bank of Nova Scotia in Toronto, Canada, overseeing all credit and debit card activities, including the merchant and private label programs as well as ATM and shared networks.
Robiba will report to Card Services Group president Aldo Tesi and will be based in Atlanta.
“Rick is a proven leader in the bankcard industry and brings a wealth of experience, talent and vision to our team,” Tesi said. “His goal will be to focus on providing our clients with the full breadth of issuing services — from customer service to decisioning models.”
Robiba is also the former Chairman of the Board of VISA Canada and was a member of the VISA International Board of Directors. In addition, he was responsible for developing the Ideal Financial Network, which was the first interbank shared ATM network in Canada. He was educated at the University of Western Ontario in London and Seneca College in Toronto, and he has served on the faculty of the ABA National School of BankCard Management.Details
HFS Incorporated, parent company of PHH Vehicle Management Services, announced today it has executed a definitive agreement to acquire the Harpur Group Ltd., a leading fuel card and vehicle management company in the UK, from privately held H-G Holdings, Inc. for approximately $186 million in cash plus future contingent payments of up to $20 million over the next two years. Closing is subject to regulatory approval and is anticipated in early 1998.
Based in Trowbridge, UK, The Harpur Group provides fuel card services in the United Kingdom, offering the Dialcard and Overdrive fuel card brands. The company also serves the vehicle management market which includes the provision of fleet, maintenance and accident management services.
Henry R. Silverman, HFS Chairman and CEO, said, “With about 350,000 active fuel cards accepted at more than 12,000 petrol stations in the UK, The Harpur Group will be a strong strategic fit within our existing fuel card and fleet management businesses and will be immediately accretive to our earnings per share.”
Mark E. Miller, President and CEO of PHH Vehicle Management Services, added, “This acquisition demonstrates HFS’ strong commitment to the development of the vehicle management services business and supports PHH’s growth goals for the future. Combined with PHH’s fleet management operations, we will create a worldwide network of over 1.3 million fuel cards and fleet of almost 600,000 vehicles.”
The transaction does not include Harpur’s Australian fuel card business or its private label card processing business, based in Sophia Antipolis, France. Both businesses will be retained by H-G Holdings, Inc. within a newly formed business unit, International Card Enterprises.
HFS Incorporated is a global provider of real estate and travel services. The company is the world’s largest franchisor of residential real estate brokerage offices, provides mortgage services to consumers and is the global leader in corporate employee relocation. Within the travel sector of the enonomy, HFS is the largest franchisor of hotels and rental car agencies and the leading provider of vacation timeshare exchanges. HFS is also the second largest vehicle management company worldwide. In May, the company announced it will merge with CUC International. The transaction is expected to close in the fall of 1997.
PHH Vehicle Management Services, founded in 1946, is a leading global vehicle management company. It manages the vehicles of nearly one-third of the Fortune 500 companies, and its total fleet exceeds 500,000 vehicles across North America and Europe.Details
Hypercom Corporation today announced the addition of a new faster, quieter, lower-maintenance thermal printer module for its popular T7P integrated POS terminal/printer. The T7P with thermal printer will be available this month and will more than quadruple the speed of the currently available T7P, from 1.5 to 7 line per second.
Phoenix, AZ-based Hypercom is a leading supplier of point-of-sale (POS) payment systems, enterprise networking solutions and client/server transaction processing software.
“This is another example of Hypercom’s on-going commitment to meeting customer needs and protecting our customer’s investment in Hypercom’s POS equipment,” said John Marshall, Senior Vice President of Sales and Marketing for Hypercom POS US/Canada. “This new, higher-speed printer will be a great help to retailers who need faster transactions so consumers can quickly get their receipts. Printer output is crisp and legible for easy reading, and the printer is exceptionally quiet. Moreover, because the thermal printer uses no ribbons, ink or toner, the mechanism is simpler and more reliable.” Marshall added that the printer head life is rated at five million lines.
The T7P integrated POS terminal/printer is one of Hypercom’s most popular units due, in part, to the ease of replacing the printer module. The original purpose of an easy-to-change-out printer module was to minimize terminal downtime.
“Now, even if you’re upgrading from impact to thermal printer,” Marshall said,”the upgrade is fast and simple, with no wiring or cabling changes on the terminal.”
The new printer module is merchant-replaceable in the field by snapping out the old printer module and replacing it with the new thermal printer module. The T7P thermal printer option is supported in Version 09C of the Hypercom System Software.
Other standard features of the T7P include a small – 6 1/4″-by-11 1/2″footprint; 256K of memory (upgradeable to 1M), easy-to-learn/use 35-key keyboard, high-visibility backlit LCD display that accomodates two lines of 20 characters and a full track 1 and 2 card reader. The rugged unit’s ability to support draft capture, debit, check and proprietary card processing has made the T7P a price/performance favorite among merchants everywhere.
T7P terminals are marketed in North America by Hypercom POS US/Canada and globally by Hypercom International. Hypercom POS US/Canada and Hypercom International, are divisions of Hypercom Corporation.
Hypercom Corporation is a leading supplier of point-of-sale (POS) payment systems and enterprise networking solutions. The company also produces the Pinnacle client/server transaction processing software. Headquartered in Phoenix, AZ, Hypercom products are sold in more than 50 countries worldwide. Hypercom Corporation consists of four divisions: Hypercom POS US/Canada, Hypercom International, Hypercom Network Systems and Hypercom Manufacturing Resources. Hypercom’s common stock is traded on the New York Stock Exchange under the symbol “HYC”.Details
Fischer International Systems Corporation announced Tuesday that its Smarty Smart Card Reader has been certified by Mondex International with a Type Approval Certificate to work with Mondex International’s smart card and electronic cash smart card payment systems used by financial institutions worldwide. The Smarty smart card reader looks like a 3.5 inch diskette, has a slot in the back for a smart card, and fits into any personal computer’s 3.5 inch floppy disk drive to access smart card information. With Smarty, Mondex cash cardholders can use their personal computer and the Internet to access their bank accounts and add cash to their smart cards from the convenience of home, 24 hours a day.
“We are pleased that Mondex International has type approved Smarty, one of the most innovative smart card devices we’ve seen come to market,” said Jim Rudd, chief technology officer for Mondex USA, an independent company that is commercially developing Mondex in the US. “Smarty’s adaptability to existing PC technology and its ease of use will surely encourage electronic cash and smart card acceptance by US consumers.”
The Mondex card is the most `cash-like’ of the electronic cash smart cards on the market today. Such cards are being introduced around the world as a more efficient alternative to physical cash for use in everyday shopping and as a future payment mechanism in a wide variety of areas such as the Internet and `pay-per-view’ TV.
“Mondex is the only electronic cash product which allows for person-to-person payments in both the real and the virtual world,” said Chris Potts, Deputy CEO, Mondex International. “An integral enabler for Mondex as a payment in electronic commerce will be smart card readers such as the Smarty and it is the technical innovation and expertise of companies like Fischer that are helping to make Mondex a global reality.”
“Fischer International is delighted to achieve this partnership status with Mondex International,” said Michael S. Battaglia, president and chief executive officer for Fischer. “Smarty is an enabling technology that provides a key link between consumers’ Mondex cash cards and their PCs. We believe electronic cash systems like Mondex are changing the way people think about money, shopping and commerce. Smarty can help bring that `new way to pay’ directly into the comfort and convenience of the home.”
Smarty, announced by Fischer International earlier this year, has been featured on CNN, Fox News, and CNN fn, as well as in numerous publications including BusinessWeek. Smarty is unique among smart card readers because it is the only one that works from the 3.5 inch drive, which is standard in most PCs and laptops now in use worldwide. Smarty bridges the gap between smart cards and personal computers.
Smarty is being pilot tested and evaluated initially as part of financial applications for electronic banking transactions and general business for corporate network access control applications. Companies evaluating Smarty include most major banks, Visa, and The Telia Group (Sweden). Smarty supports smart cards from Schlumberger and Gemplus.
About Mondex International
Mondex International is a smart card technology company, best known for the Mondex electronic cash product. Mondex electronic cash is being developed by franchisees in 50 countries representing a potential market place of in excess of 3 billion. Mondex is also the only electronic cash system in the world to operate with a single global technology allowing for cross-country payments.
Mondex is currently being used in 16 implementations around the world including Australia, Canada, Hong Kong, New Zealand, Philippines, UK and USA. By the end of 1997, Mondex International will have produced in excess of 1,000,000 reloadable Mondex cards; this figure is expected to rise to 5,000,000 reloadable cards by the end of 1998.
MasterCard International acquired 51% of the company in February 1997 and has decided to adopt Mondex International’s technology as its future choice of strategic chip platform. The remaining 49 percent is owned by twenty-seven other major organizations across Europe, North America, Asia and Australasia. Further information regarding Mondex is available on their web site at [www.mondex.com].
About Mondex USA
Headquartered in San Francisco, Mondex USA was formed in April 1997 as an independent and separate company from Mondex International that is commercially developing Mondex electronic cash for the US market. The company is owned by seven financial service organizations: AT&T Universal Card Services, Chase Manhattan, First Chicago NBD, MasterCard, Michigan National Bank, Morgan Stanley Dean Witter Discover, and Wells Fargo. To learn more, visit Mondex USA’s web site at [www.mondexusa.com].
About Fischer International Systems Corporation
Fischer International Systems Corporation (FISC) develops, markets and supports a family of enterprise-wide office automation and computer products, including TAO(TM) for messaging and the SmartDisk product line. FISC sells and supports its products to a diverse international customer base. The company is headquartered in Naples, Florida and has offices in North America and Europe. Contact Fischer International at [www.fisc.com].
Delivering on its promise to utilize artificial intelligence algorithms to make Internet transactions safe, Evolv introduced Skipjack IC (Internet Commerce) yesterday. Skipjack IC is a secure credit card payment system for Microsoft Internet Information Server. It gives website administrators the capability to process real-time credit card payments over the Internet in a secure environment.
Skipjack IC supports Visa, MasterCard, American Express, Discover Card, Diners Club, JCB, debit cards and even checks. It supports an unlimited number of merchant accounts and vendors, real-time authorization and settlement, email receipts for customers and fulfillment entities, and web page responses for authorizations, denials and system errors. Best of all, using Skipjack IC results in absolutely no transaction fees.
All transactions between the server and client are encrypted with industry-standard SSL security. Skipjack IC then stores the transactions in its own files, which are encrypted with One-Time Pad technology, the most powerful and secure type of encryption available. One-Time Pad encryption has never been available to the computer world before due to problems with generating random numbers, something computers can’t easily do.
“The proprietary artificial intelligence engines we’ve created have finally made One-Time Pad encryption feasible on computers. The algorithms take on a life of their own and breed truly random numbers, making Skipjack IC incredibly secure,” says George Farnell, V.P. Systems Development. “Skipjack IC is a major barrier to any would-be hackers. A potential thief would find it easier and less costly to fly to your home town and pick your pocket than to try to crack Skipjack IC.”
On top of Skipjack IC’s incredible security, it’s easy to install, easy to use and is a fraction of the price of any competing product.
Skipjack IC requires Microsoft Windows NT Server version 4.0 with Service Pack 3, Internet Information Server 3.0, Active Server Pages, a modem and an analog phone line.
Skipjack IC retails for $1,495.00 US (introductory price), and includes online documentation, a sample web site, 800 number, test credit card account and email support.
Skipjack IC is currently being used to sell itself on the Internet at Evolv’s website: .Details
U.S. Wireless Data Inc. announced yesterday the appointment of Raymond Mueller to the position of vice president of Operations.
This appointment completes the reorganization of the company’s executive management team.
Mueller, age 55, has over 25 years of management experience in Fortune 100 Companies. Most recently he served as director of Sales and Marketing for Nicor Inc., a $40 million privately owned pneumatic tool company based in Florida. Previously, he has held the positions of director of Sales and Marketing for Wilson Learning Co., manager of Corporate Compensation and director of Human Resources at Borden Inc., manager of Compensation at Avon Products, and manager of Employment at Bristol Meyers.
Beginning in August of this year, the company has announced other additions to its executive management team which include:
— Evon Kelly as CEO. Kelly has held prominent positions with Federated Department Stores, and Xerox Corp. where he was manager of Supply Business Center and responsible for $587 million in sales and directed a national sales force of 400.
— Clyde Casciato as vice president of Sales. Casciato previously held several management positions with Xerox Corp. and AT&T Wireless, the wireless business unit of AT&T Corp., where he was most recently Western U.S. Region Sales-Distribution Manager — Wireless Data.
— Robert Robichaud as chief financial officer. Robichaud had previously held several key financial management positions at Triad Systems Corp. and Mohawk Data Sciences Corp.
USWD’s proprietary enabling technology, TRANZ Enabler, converts a merchant’s existing dial-up TRANZ VeriFone credit-card terminal into a high-speed wireless terminal. It provides merchants with a faster and more cost efficient way to transact business. The wireless transaction takes 3 to 5 seconds vs. 11 to 20 seconds with a dial-up service. Going wireless means the merchant no longer needs a dedicated or shared telephone line to carry transaction traffic, thereby eliminating delays, busy signals and the cost to install or pay for monthly telephone service.
U.S. Wireless Data Inc. has developed, tested and is now delivering compelling new proprietary products, programs and standards to the transaction processing and credit card industry which utilize Cellular Digital Packet Data (“CDPD”) wireless networks. USWD delivers the fastest and most cost-effective transaction processing solution to retail merchants in the United States today — wired or wireless.
USWD will generate recurring revenue from every transaction processed by merchants who utilize the company’s CDPD wireless technology. The company’s strategy will be to deploy its technology through marketing and partnership agreements with major cellular phone companies, regional and community banks, select ISOs, and its own sales force.Details
Hypercom Corporation today announced ICE Peripheral, the second member of the company’s new Interactive Customer Equipment point-of-sale (POS) terminal family.
ICE Peripheral will function as a tethered peripheral to T7 Series terminals from Phoenix, AZ-based Hypercom, a leading supplier of point-of-sale(POS) payment systems, enterprise networking solutions and client/server transaction processing software.
ICE Peripheral, aimed at retail businesses, will serve as a PIN Pad for Hypercom T77 and T7P terminals. It shares with other members of the ICE family an innovative touch screen, electronic signature capture capability, and can be programmed by the merchant.
ICE Peripheral will be marked in North America by Hypercom POS US/Canada and globally by Hypercom International. Hypercom POS US/Canada and Hypercom Internatial are divisions of Hypercom Corporation.
“In a single device, the ICE Peripheral gives customers the ability today to key in their PIN to initiate a debit card transaction or sign on the graphics display to complete a credit card transaction while enabling merchants to accommodate future payment options, including smart cards,” said John Marshall, Senior Vice President of Sales and Marketing, Hypercom POS US/Canada.
With an eye to the future, ICE Peripheral also is equipped with a built-in smart card reader and three Secure Access Modules (SAMs), which can accomodate Mondex and Visa Cash now and can be configured to accept smart card-based services as they are implemented.
ICE terminals capture and display an image of the signature once the cardholder signs the touch screen. The signature is then uploaded to the host processor, where it is kept on file. The eliminates the need for retailers to keep paper copies on hand and significantly reduces cost to retailers and acquirers.
The introduction of ICE Peripheral comes just one month after Hypercom unveiled the first member of the ICE family — ICE Portable — at FS/TEC, a trade show aimed at technology for the food service industry. ICE Portable is a battery-powered, wireless device designed for use in restaurants. About the size of a portable CD player, ICE Portable fits in the apron pocket of servers and allows diners to enter, via the touch screen, the type of card being used to pay and a tip based on the following percentages of the bill-10,15,20- or other amount.
ICE Portable, which communicates with Hypercom T7 Series terminals via a 900 Mhz data radio, puts payment completely in the hands of the diner and minimizes the number of trips the server must make to the table. ICE Portable can operate at distances up to 60 feet from the controller terminal. A maximum of 16 ICE Portable units can operate from a base terminal.
Hypercom Corporation is a leading supplier of point-of-sale (POS) payment systems and enterprise networking solutions. The company also produces Pinnacle client/server transaction processing software. Headquartered in Phoenix, AZ, Hypercom’s products are sold in more than 50 countries worldwide. Hypercom Corporation consists of four divisions: Hypercom POS US/Canada, Hypercom International, Hypercom Network Systems and Hypercom Manufacturing Resources. Hypercom’s common stock is traded on the New York Stock Exchange under the symbol “HYC”.Details