Raiffeisenbanks Upgrades to Diebold ATMs

Raiffeisenbanks has completed a large-scale upgrade of its ATMs.
The massive project involved upgrades to more than 750 Diebold ATMs. A
total of 180 ATMs were replaced with newer models, 50 of which were replaced with Diebold “Opteva” units. The new units passed the Telekurs strict certification process, which is compulsory for all Swiss cash-withdrawal equipment connected to the Telekurs network and the new inter-bank network application, known as “BM5.0.” The upgrade makes all Raiffeisen ATMs compliant with Telekurs, Euro and EMV specifications.
Around 470 Raiffeisen banks, with a total of 1,300 branches, are
affiliated under the Schweizer Verband der Raiffeisenbanken, or the
Swiss Association of Raiffeisen Banks.

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GFG Group Wins 2004 Card Smart Award

Auckland-based GFG Group has won the “2004 Card Smart Award” for
outstanding achievement in the Australian and New Zealand cards
industry. GFG Group was established in the late 80s as a consulting
partnership and grew throughout the 90s with an increasing focus on the
development and support of payment solutions. Now with offices in
Australia, New Zealand, Philippines, UK and Singapore it operates in
over 40 world markets and is still privately owned. GFG Group has
installed it’s “UniCARD” system at Members Equity in Melbourne, and
recently when Bendigo Bank decided to extend and grow it’s merchant
settlement system and bring it in-house they utilized GFG’s software and
expertise. Until then the Bendigo Bank system had been processed by St
George Bank.

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Cyota eVision Detects Fraud in Real Time

Cyota has launched the first online-banking fraud management solution for financial institutions. The new Cyota “eVision” detects, analyzes, scores and manages online banking and online services fraud in real-time. This is done by using multiple parameters, data points and sensors to profile each end-user’s behavior. Large-scale pilots of Cyota’s fraud detection technology began six months ago; the technology is currently in use by three leading banks in the U.S. and the U.K., and has proven to be extremely successful. The solution is based on Cyota’s patent-pending “eRisk Engine,” which identifies new online fraud patterns in real time. Feeding from various technologies, parameters and sensors, the “eVision eRisk Engine” analyzes each transaction and generates a unique risk score.

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AmEx Relaunches Blue Online Auctions

American Express re-launched its real-time, online auction that allows “Blue” cardholders to bid for once-in-a-lifetime experiences. Through the “Blue PLAY” site, “Blue” AmEx cardholders, who are enrolled in the “Membership Rewards” program, can use their points, rather than money, to bid on experiences — from front-row tickets to a premiere fashion show, to flag-to-flag excitement at the motor raceway, to romantic vacation packages and exclusive shopping extravaganzas. There is no fee to bid, and points are deducted from the winner’s rewards account after the close of an auction. Upcoming “Blue PLAY” auctions include two tickets to next month’s TOYOTA “Indy 300,” with private tours of the garage and pit areas at the Homestead-Miami Speedway, and a ride in the pace car on race day. Another auction is for five nights in New York City with all-access entry into star-studded film premieres and exclusive parties. According to a “Blue PLAY” survey, 40% of adults have bid at least once for merchandise or experiences through an auction, with nearly three-quarters of those bidders having won an auction.

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First Data to Use StorageTek Technology

First Data is using StorageTek’s “Virtual Storage Manager” and “Fibre Channel Connectivity” technology to speed up transaction processing and to substantially reduce floor space through equipment consolidation in its data centers. The VSM 4 system will allow First Data to process more transactions faster on behalf of its 1,400 card issuing clients, representing more than 406 million card accounts on file. First Data Corp. with global headquarters in Denver, helps power the global economy. StorageTek is a $2 billion global company that enables businesses, through its information lifecycle management strategy, to align the cost of storage with the value of information.

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Gemplus’ Financial Card Revenues Up 29% Y/Y

Gemplus reported shipments of 51 million payment microprocessor
cards last year, with revenue up 29% year-on-year. Overall, Gemplus reported revenues in 2004 of euros 865 million, a 16% gain, with net income of euros 4.7 million. During 2003, Gemplus lost euros 161 million. Financial Services revenue was driven by the EMV migration, with a massive roll-out in the UK and ramp-up in France, Turkey, Mexico, South America and Malaysia. On a geographical basis, revenue from the Americas was up 47.9% and Asia 21.9%, currency adjusted, both driven by the Wireless segment. The EMEA region was up 8.3%, led by Financial Services and, to a lesser extent, Wireless. For complete details on Gemplus’ latest results visit CardData (www.carddata.com).

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$125K Earners Give Loyalty for Rewards

Seventy percent of high-income earners are more loyal to companies that offer rewards programs. When it comes to redeeming those rewards, more high-income earners prefer to receive cash back (70%), than free travel (62%). Half have “re-gifted” their rewards to others. The survey by St. Louis-based Maritz Loyalty Marketing also found that nearly 90% have been enrolled in a rewards program for two years or more compared to 69% of all survey respondents. Forty-five percent of high-income individuals are enrolled in multiple credit card programs and currently 41% of this demographic group receives credit cards through their main bank. Sixty-four percent of high-income earners would increase business with their main bank if they were rewarded for doing so, representing a huge opportunity for banks to cross-sell their products to customers by offering a bank-wide reward incentive.

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bcgi Launches a Mobile Services Platform

Boston Communications Group has launched a new platform that consists of four product sets: “bcgi Access Management,” “bcgi Billing,” “bcgi Payment” and “bcgi Network”. These product sets are available on both a licensed and fully outsourced basis to flexibly meet the business requirements of wireless operators. Boston Communications Group, Inc. (Nasdaq: BCGI) develops products and services that enable wireless operators to fully realize the potential of their networks. bcgi’s access management, billing, payment and network solutions help operators rapidly deploy and manage innovative voice and data services for subscribers.

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Transax Transaction Volume Rises 30% Sequentially

CA-based Transax International reports it processed 390,000 real-time transactions in January, a 30% increase from December. Transax expects to achieve favorable sequential quarterly double digit revenue growth during 2005. Volumes are expected to increase from approximately 400,000 “real time” transactions per month at the end of January 2005 to over 1 million “real time” transactions per month by December 2005 based on currently signed contracts only. Transax is provider of network solutions for healthcare providers and health insurance companies.

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VASCO Data Security Acquires AOS-Hagenuk

VASCO Data Security International announced its acquisition of AOS-Hagenuk of ‘s-Hertogenbosch, The Netherlands, a specialist in security-based Internet appliances and secure smart card readers. VASCO will acquire all of the stock of AOS-Hagenuk, in exchange for consideration of $6.5 million. AOS-Hagenuk generated revenues of $5.4 million, an 85% increase over 2003. AOS-Hagenuk has a strong market
position in The Netherlands and its customers include Fortis and ABN-Amro. VASCO will centralize its smart card related R&D activities in AOS-Hagenuk’s offices in The Netherlands, thus creating a secure smart card reader research and development center focused on smart card technology.VASCO designs, develops, markets and supports patented
“Identity Authentication” products for e-business and e-commerce.

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UATP Volume Grows 10% in 2004

Universal Air Travel Plan posted a 10% increase in business travel volume in 2004 that reached $7.7 billion in sales. Since the third quarter of 2003, UATP has experienced six straight quarters of growth that has increased sales nearly 20% from $6.5 billion in 2002 to $7.7 billion in 2004. UATP is targeting sales of $8 billion in 2005. With VARIG Brazilian Airlines and the new Northwest Airlines AirPlus Company Account now competing for corporate sales, UATP expects to see its growth pattern continue in 2005.

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