Movie Tix Online

MovieFone, Inc. and Century Theatres today announced that Century will offer its users the ability to purchase movie tickets via Century’s web site ([http://www.centurytheatres.com][1]). The new feature for the California-based circuit is the result of a unique partnership with MovieLink (), the online sister service of 777-FILM. Millions of moviegoers have used MovieLink to find showtimes and purchase advance tickets since it launched in 1995. The new Century-MovieLink service, which debuts today alongside Century’s newly-redesigned web site, makes Century the first major exhibitor to offer its patrons the ability to purchase tickets directly through its own Web site.

Users who are on Century’s site have access to showtimes at all of Century’s theaters across five states. Now, users who have selected a theater and a movie have one-click access to a customized area on MovieLink which lets them purchase tickets for that movie and theater using a major credit card. This service is available for over 150 Century Theaters screens at locations throughout California. As with MovieFone and MovieLink, users who purchase tickets through Century’s Web site are guaranteed tickets for the specific movie and showtime they select. The movie tickets are waiting for the customers when they arrive at the theater, at either an automated ticket dispensing machine in the theater lobby or the box office.

Century’s partnership with MovieLink adds the important element of advance ticketing to Century’s site many months before the holiday moviegoing season. “It was important to us to offer our patrons the convenience of buying tickets in advance through our own Web site and through MovieLink,” said Nancy Klasky, Century’s Vice President of Marketing. “MovieLink has given us this practical option to offer to our patrons.”

This new feature relies on the extensive infrastructure already in place to sell tickets for customers of MovieFone and MovieLink. MovieLink has over two years of experience selling movie tickets online and uses state-of-the-art secure transaction technology, including Netscape’s SSL-compatible Commerce Server, third-party encryption, and a private communication and authorization network, to complete thousands of transactions each week. The Century ticketing service will feature the same security measures.

“We are delighted to pioneer this new service with Century Theatres,” said Matt Blumberg, MovieLink General Manager. “Offering our theater partners the opportunity to build on MovieLink’s technology infrastructure means they can offer their patrons a wide range of services without having to reinvent the wheel. These partnerships reinforce MovieLink’s mission to be the most useful online service for moviegoers and movie marketers alike.”

Century Theaters is a San Francisco based motion picture exhibitor with over 500 screens in 5 western states.

MovieLink is the online sister service of MovieFone, the nation’s largest movie guide and ticketing service. Millions of moviegoers each week in 30 major cities use MovieFone and MovieLink to find movie show times and theater locations, and buy tickets. Through MovieFone’s familiar local phone number (such as 777-FILM) and MovieLink online (http://www.movielink.com), the company’s services cover 12,000 screens which account for 60 percent of the nation’s movie attendance. MovieFone, Inc. (NASDAQ: MOFN) is a public company with offices in New York and Los Angeles.

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

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CSC Signs South African Bank

Computer Sciences Corporation announced today that Nedcor Bank has signed a licensing and service agreement with the Banking & Consumer Finance Division of CSC’s Financial Services Group.

Nedcor Bank has chosen CSC as a long-term technology partner in the implementation of software to meet the needs of the Nedcor Card Division and has signed a five-year application outsourcing agreement for the continued development, maintenance and support of all CSC software implemented within the bank.

Nedcor Bank, headquartered in Johannesburg, South Africa, is one of the largest banks in the country with $18 billion in assets and approximately 17,000 employees. Nedcor is a full-service bank with activities covering retail, commercial, corporate, merchant banking, fund management and related financial services.

Applications licensed from CSC include CAMS II, an integrated software platform based on relational technology. It will allow the management of a complete array of cards products, including consumer credit and debit cards, private label, installment/contract lending, commercial/procurement and smart cards. Additionally, Nedcor Bank has licensed the collections system to manage credit arrears situations and the online delivery system to enable the bank’s multiple-delivery channels to service cardholders and merchants through their most convenient customer service point.

CAMS II is being developed by CSC to provide its customers with the capability to rapidly launch new differentiated payment products as customer demands and competitive strategies change. This can help an organization achieve a level of product definition to address the many micro-market segments which require services on a global 24-hour, seven-day-a-week basis… The system allows all card products of a financial institution to reside in one place. It also consolidates all card and merchant administration processes to reduce duplicate and redundant activities.

The applications feature design architecture to ease the implementation of compliance updates for VISA, Mastercard and Europay, as well as supporting Nedcor’s American Express business.

CSC had $5.8 billion in revenue for the 12 months ended June 27, 1997… Headquartered in El Segundo, California, the company has nearly 44,000 employees in more than 600 offices worldwide and provides clients with a wide range of professional services, including management consulting, information systems consulting and integration, and operations support. The Banking & Consumer Finance Division of CSC’s Financial Services Group is located in Dallas, Texas. More information about Computer Sciences Corporation is available at .

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SCIA Expands its Board

The Smart Card Industry Association (SCIA) has added two new members to the Board of Directors. Al Vrancart and Peter J. Quadagno bring with them years of experience and expertise in the smart card industry.

Al Vrancart is president and CEO of NBS Card Services, Inc., a leading producer of secure transaction and other plastic cards. He is responsible for NBS’ North American Card Services business units in the U.S. and Canada. Vrancart joined NBS in 1989, having previously held various international executive marketing positions with Philips Electronics.

Mr. Vrancart is also founder emeritus, a charter member and first president of the International Card Manufacturers, as well as a member of the Eastern chapter of the International Association of financial Crimes Investigators. He holds an MBA from Monmouth University.

Peter J. Quadagno is president of Quadagno & Associates, Inc., a card-based technology firm for stored value and other applications. Prior to starting Quadagno & Associates, Inc., he was manager of Transitional Services at Electronic Payment Service, Inc.’s Smart Card Enterprise.

Mr. Quadagno has spent 20 years in the payment industry, including five years with the New York City Metropolitan Transportation Authority Card Company where he was responsible for the development of the MTA’s MetroCard product — the first such card of its kind in the U.S. He holds a BS and a MBA from the University of Florida.

SCIA is a global trade association active in the smart card industry which strives to stimulate the adoption, use, understanding and innovation of smart card technology in the marketplace. SCIA is also a co-founder and sponsor of CardTech/SecurTech, the leading advanced card and security technology conference.

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FORPOST from Lithuania

Banking System FORPOST based on modern RDBMS ORACLE 7.3 is an integrated and comprehensive financial solution that accommodates all areas of a commercial bank.

FORPOST System was built according to CASE technology and is provided with a superior technological foundation including the OPEN systems concept, Client-Server technology, and Graphical User Interface.

FORPOST is functionally rich, including the complete set of Retail and Head Office applications which cover the whole spectrum of banking transactions and provide control over general ledger, demand deposits, savings, credits, customer information, risk management, resource management, as well as state-of-the-art methods of Bank’s State Evaluation and Multi-Level Bank Structure support. And what is more, FORPOST provides its users with a developed set of interfaces to external applications, among which are S.W.I.F.T. and Internet.

The developers created FORPOST with the rich heritage that banks received from the old accounting systems in mind.

The new version of FORPOST provides a transition from ‘bank of transactions’, the only function of which is registering the results of operations, to ‘bank of relationships’ where attention is focused on the customer. FORPOST also includes tools for management of resources and prognostication.

In general, FORPOST is functionally rich including the complete set of Retail and Head Office applications which cover the whole spectrum of banking transactions and provide control over General Ledger, Demand Deposits, Savings, Credits, Customer Information, Risk management, Resource Management, as well as state-of-the-art methods of Bank’s State Evaluation and Multi-Level Bank Structure support. A substantial amount of activity has been transferred from higher management structures to lower ones by increasing self-dependence and responsibility of branches, departments and other units.

FORPOST is a user-friendly system, that is menu-driven and utilizing the complete workstation environment. Data Security and Distributed Access to Information principles implemented, language independence, ease of use and of further development make FORPOST one of the most sophisticated systems on the market.

FORBIS Ltd. () is a six year old company whose primary purpose is to design comprehensive, flexible and fully integrated software for the banking solutions. For more information please contact Andrej Zujev at a.zujev@forbis.lt or +370 98 49435 Address: FORBIS UAB, 3 Rimsos str. 7, Vilnius, LITHUANIA.

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Air Travel Card New Mrkt Dir

The Air Travel Card today announced the appointment of longtime Trans World Airlines (TWA) professional, Lucius W. (Lu) Brigham as Director of Marketing and Industry Relations. Brigham joins the Air Travel Card after more than 10 years with TWA.

“We are extremely fortunate to acquire the talents of someone like Lu to join our organization. Lu worked his way up the corporate ladder at TWA and possesses unique insights into the working environment one of the major airlines. He has extensive knowledge of our product, having directed TWA’s marketing of Air Travel Card to airline personnel,” said Charles B. Fischer, managing director of Air Travel Card.

As marketing director, Brigham is responsible for developing the marketing and promotional programs to maintain and enhance Air Travel Card’s competitiveness. He also directs the organization’s initiatives to improve awareness of the product and its services through regular communications with the airlines, travel agents and key corporate travel personnel.

A 1978 graduate of the University of Tulsa, he earned a bachelor’s degree in business administration. He attained a masters degree in business administration with an emphasis on international business from St. Louis University in 1986.

Brigham replaces Sandi Reynolds who returned to her home in northern California in July. Reynolds will provide consulting services to the Air Travel Card.

Air Travel Card is the business travel payment system offered by 29 airlines and accepted by more than 200 air carriers around the world. As a part of its global network, Air Travel Card owns and licenses the brands AirPlus (Europe) and PassAge (Asia) that provide value-added benefits to travelers.

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Bankruptcy Windfall

If ‘The Responsible Borrower Protection Bankruptcy Act of 1997’ is adopted the bank credit card industry should reap a $2 billion windfall. The proposed legislation would force bankrupt consumers with the ability to pay a portion of their debts into a Chapter 13 filing instead of opting for a Chapter 7 filing. At mid-year American cardholders owed $404.5 billion in credit card debt according to CardData. Losses by card issuers are currently averaging 5.67% and 41.9% of the losses are bankruptcy-related, according to the September issue of Bankcard Barometer. Therefore the card industry will lose about $9.6 billion this year to personal bankruptcies. About 70% of this amount involves Chapter 7 filings or approximately $6.7 billion. A study conducted by the Credit Research Center at Purdue/Georgetown University concluded that 25% of Chapter 7 filers have the ability to repay more than 33% of their unsecured debts over a period of five years. The proposed legislation calls for 20% payout over five years.

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ORGA Names New Top Exec

ORGA Kartensysteme GmbH, parent company of ORGA Card Systems USA, and one of the world’s leading manufacturers of smart card systems, reports an important change in management: Winfried Gottwald is joining the Executive Board.

Winfried Gottwald is the spokesperson for the Executive Board of ORGA and is responsible for the departments of Corporate Planning and Development, Marketing and Sales as well as Systems Design. Before his move to ORGA, he was a General Manager of Preussag Mobilfunk GmbH, the Talkline Group and also Hagenuk GmbH.

With the new man at the top, ORGA will increase its efforts to prepare for the smart card boom in the coming years and strengthen its technological and market position. Above all, the company will intensively work on the segments and regions with the greatest growth. “As a technological leader in the field, ORGA has the best chances of achieving this goal,” says Gottwald. “If we consistently convert our competence into technically highly developed products geared to market requirements, then we will also be well prepared for international competition in the future.”

ORGA Kartensysteme GmbH, Paderborn, a company in which Preussag AG, Hanover, and the Bundesdruckerei, Berlin, currently have a 37.45 percent share and Telekom subsidiary Detecon Deutsche Telepost Consulting GmbH, Bonn, a 25.1 percent share, is a pioneer and market leader in the smart card field. ORGA USA is one of its world-wide subsidiaries. ORGA offers turnkey solutions for telecommunications, banking, health care, and other emerging markets. The company’s capabilities include quality card manufacturing, full system integration and project management. Visit the company’s web site at

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People’s Card Bonds Rated

People’s Bank Credit Card Master Trust’s $425.0 million class A and $33.75 million class B floating-rate asset-backed certificates, series 1997-2, are expected to be rated ‘AAA’ and ‘A’, respectively, by Fitch. This is the seventh issuance out of the People’s Bank Credit Card Master Trust and is the second one rated by Fitch. The ratings are based on the quality of the VISA and MasterCard receivable pool, available credit enhancement, People’s Bank’s underwriting and servicing capabilities, and the sound legal and cash flow structures.

Series 1997-2 class A benefits from credit enhancement totaling 15%, comprised of 6.75% subordination of class B, and a 8.25% collateral interest amount (CIA). Class B is protected by the 8.25% CIA.

Investors are further protected from prolonged exposure to deterioration in credit card performance and/or servicer default by early amortization events, which would trigger a rapid payout of principal. In addition, series 1997-2 benefits from the sharing of principal and finance charges with other designated series in the master trust.

With the levels of credit enhancement available, series 1997-2 can withstand a decline of 40% in monthly payment rates, while chargeoffs increase to a level of 28%, and still make full interest and principal payments to class A investors. The class B enhancement covers simultaneous decline of 30% in monthly payment rate, while chargeoffs rise to a level of 19.25%.

The risk of increase in coupon rate to the master trust is capped at 10% at all times. However, class A and class B investors will receive additional interest above the stated cap level from the cap provider, Morgan Guaranty Trust of New York. Upon the expiration of the cap agreement at the expected maturity of the series 1997-2, additional coupon expense on the remaining class A and class B invested amount that is above the 10% capped-rate will be paid from the available excess finance charges.

People’s Bank is a successful low cost provider of Visa and MasterCard credit cards nationwide, servicing roughly 2.0 million accounts with $3.0 billion in credit card receivables balance at June 30, 1997.

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ISO 8583 Adopted for SET/SSL Transactions

Applied Communications, Inc., GlobeSet, Inc., Hypercom Corporation and Tandem Computers, a Compaq Company, announce plans to take a leadership role in making Electronic Commerce (EC) products interoperable. The four will use established ISO 8583 messaging formats to enable existing transaction authorization systems at financial institutions, processors, and switch networks around the world to authorize electronic commerce transactions secured by Secure Electronic Transaction (SET) or Secure Sockets Layer (SSL) protocols. The ISO 8583 messaging format is not an alternative to SET or SSL. It will be used in conjunction with these protocols to enable card authorization systems to route and authorize purchase transactions initiated on the Internet.

To date, implementation of EC programs like Internet shopping have required custom interfaces to existing card authorization systems. The goal of this effort is to use standards to link EC technologies and existing card payments systems; extend the interoperability of programs like SET; and promote the growth of EC by making it cost effective and timely to implement.

ISO 8583 is an open standard widely used to transmit financial transactions between merchants, institutions, switch networks and processors. The plan to implement ISO 8583 to pass transactions between EC technologies and existing payments systems is a natural extension of the standard.

“Our customers are increasingly interested in finding ways to integrate EC into their existing BASE24 authorization platforms,” says Dan Heimann, director of Strategic Marketing at ACI. “Implementation of an ISO 8583 interface will allow our BASE24-pos customers to process transactions generated by merchant servers and SET technology just as they would a traditional point-of-sale transaction. Because it is an open standard, use of ISO 8583 is not exclusive to ACI, GlobeSet, Hypercom or Tandem. We have come together to prove its use as a tool to link existing systems and emerging EC technologies.”

As a leading developer of SET solutions, GlobeSet offers one of the most advanced suites of SET 1.0 products available, including the cardholder wallet, the merchant point-of-sale application, the financial processor gateway and the certification authority (CA). “The use of ISO 8583 messaging formats will greatly enhance the already high level of interoperability between GlobeSet products and other technology, including existing card payment systems like BASE24-pos,” said Dennis Jolly, vice president, sales and operations at GlobeSet.

“Hypercom continues to support the ISO 8583 standard as a message format that will allow our customers to migrate to new technology, such as Electronic Commerce, without replacing or changing existing systems. Our partnerships with GlobeSet and ACI provide SET interoperability and a seamless migration path for our customers using BASE24,” said Ted Cole, vice president, Pinnacle Software Products Group at Hypercom.

“The ISO 8583 standard reinforces Tandem’s iTP (Internet transaction processing) strategy by offering our customers the interoperability necessary for electronic transactions between buyers, merchants and banks,” said Patrick Smyth, vice president of Worldwide Marketing at Tandem. “Tandem provides improved electronic payment delivery to customers for their existing private networks, and now also provides a consistent path with ISO 8583 to support transactions over the public network.”

About Tandem

Founded in 1974, Tandem, a Compaq company, designs and delivers technology solutions that companies rely on to compete in a business world that runs 24 hours a day. Headquartered in Cupertino, Calif., Tandem has offices, strategic partners, and service providers in more than 50 countries. Tandem press materials are also available on NEWSdesk International on the World Wide Web at

About Hypercom

Hypercom Corporation is a leading supplier of point of sale (POS) hardware, software and network payment automation products. For more than a decade, Hypercom has been providing solutions for delivering and processing financial transactions which enable end users to easily add evolving payment applications and expand their POS networks. Headquartered in Phoenix, AZ, Hypercom markets its products in more than 50 countries via 65 global distributors.

About GlobeSet

GlobeSet has been at the center of SET development since its introduction. The company is part of the SET design team, has served as a charter member of the SET Business Review Panel and has passed SET compatibility testing sponsored by VISA and MasterCard (May, 1997). Founded in 1994, GlobeSet, Inc. is a privately held corporation headquartered in Austin, Texas. Strategic equity investors include Bankers Trust, Tandem Computers (a Compaq Company), and Verity, Inc. Additional information about GlobeSet can be found at .

About ACI

Applied Communications, Inc. is a subsidiary of Transaction Systems Architects, Inc. (Nasdaq: TSAI). Transaction Systems’ software facilitates electronic payments and electronic commerce by providing consumers and companies access to their money. The company’s products are used to process transactions involving credit cards, debit cards, smart cards, remote banking services, checks, wire transfers and automated clearing and settlement. Its solutions are used on more than 2,500 product systems in 68 countries on six continents. Visit TSA and ACI on the World Wide Web at .

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Brazil Goes to Credit Scoring

Fair, Isaac and Brazil’s largest credit reporting agency, Serasa, signed an agreement yesterday to develop Brazil’s first credit scoring system. Under terms of the agreement, Fair, Isaac will develop the models to generate individual credit scores. Serasa Centralizacao de Servicos dos Bancos maintains credit files on 80 million individuals and has 300,000 institutional customers.

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