SCA Announces the Outstanding Individual Award

The Smart Card Alliance presented its “Outstanding Individual OSCA” award to Dan Cunningham, the co-founder/CEO of Raak Technologies and former president/CEO of Gemplus Card International. Mr. Cunningham has demonstrated over 20 years of leadership, vision, support, and commitment to the smart card industry in North America. The alliance also rewarded the Department of Defense’s Defense Manpower Data Center as Outstanding End User Organization, and Axalto as Outstanding Supplier Organization. The DMDC team has bolstered the smart card industry by making great efforts to communicate with other departments and agencies of the federal government. Axalto, a major supplier to the DMDC, has demonstrated leadership in the smart card industry through market success as well as extensive support of the industry. The Smart Card Alliance is a non-profit, multi-industry association, committed to accelerate the acceptance of smart card technology.

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BIOMETRIC VISA

The Bank of Tokyo-Mitsubishi has launched a new credit card with biometric security and wireless technology. The “Super IC Card Tokyo-Mitsubishi VISA” uses hand recognition technology that allows
special ATM machines to compare blood vein patterns in the hand with the
user’s unique pattern. The new VISA card also contains Sony’s “EDY” wireless technology, which allows for non-contact, wireless transactions to be made at special terminals in subways, vending machines, and many retail stores. The “Super IC Card Tokyo-Mitsubishi VISA” is the first Japanese card that offers a revolving credit feature issued by a Japanese bank under its own name. BTM says it expects to issue one million cards each year with a goal of 200-300 billion yen within the first three years. The Brand Architect Group handled the card’s design.

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PRE Solutions Powers Prepaid Wi-Fi Access

Atlanta-based PRE Solutions powers Pilot Travel Centers’ Wi-Fi prepaid product. Pilot Travel Center reached an agreement with Truckstop.net to deploy Truckstop.net’s Wireless Fidelity (Wi-Fi) network at all of its locations. The product would provide service through a broad range of universal wireless Internet access points. PRE Solutions customized a product transaction system that allowed Pilot to sell PINs through their POS terminals and other prepaid products. The new Truckstop.net products were added to the terminal’s menu, which provided an easy selling process for Pilot store clerks. PRE Solutions, Inc. is a chief provider of prepaid transaction processing solutions intended to provide retailers with opportunities for revenue in prepaid products and other services. Pilot Travel Centers, LLC, is the largest interstate travel center operation in the U.S. It operates 260 travel centers in 37 states and employs 14,000 people.

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NBS Acquires Cybernetix Microelectronique

Canada’s NBS Technologies has completed the closing of the purchase of
Marseille-based Cybernetix Microelectronique and some related assets
from parent company Cybernetix SA. The acquisition costs including cash
consideration, liabilities assumed and transaction costs is
approximately C$14.8 million. NBS will maintain an operational capacity
in France and a presence in China. NBS will provide a broad combined
portfolio of technology, solutions and expertise directly to our major
account customers and our established global dealer and distributor
network to secondary customers focusing on three main markets: Mobile
Telephony, Financial EMV (Europay MasterCard/Visa) and the Secure ID
markets.

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MasterCard Forms an Eastern Europe Region

MasterCard Europe is gearing up for Eastern Europe with a new regional manager and a restructure of the region. Twelve-year MasterCard veteran Bella Stavchansky has been promoted to head the Eastern Europe region. The Europe region has been restructured into four segments: the Central Region, the Northern Region, the Southern Region, and the Eastern Region. The are 18 countries in the Eastern Europe region. At present there are four million MasterCard credit cards and 32 million Maestro cards held throughout Central and Eastern Europe and the Balkans. The MasterCard Europe president is Dr. Alex Labak.

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Best Western Travel Card Tops 80K Users

Best Western reported that sales for its pre-paid gift card will likely exceed $6 million by the end of the year. The card, launched in December 2002, has more than 80,000 cardholders. Best Western says the “Best Western Travel Card” has also guaranteed an increased market share for many of its hotels, who have sold more than $300,000 worth of product to their guests through September while earning 10% commission for their efforts. In May, Best Western unveiled the “Travel Card” to the corporate incentive marketplace. The card is accepted universally at 4,100 Best Western hotels in 80 countries. (CF Library 12/4/02)

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ASEC M4V Reader Integrates with VF’s Omni 3750

VeriFone is enabling new contactless card payment applications across Warsaw through the integration of a new MIFARE contactless reader into the “Omni 3750” terminal. The “M4V” internal reader module, based on Philips’ “MIFARE” contactless smart card technology, is being used in conjunction with the Omni 3750. The “Omni 3750” terminals are connected to a management centre through GSM and GPRS modems, so transaction data can be sent and authorized quickly and securely. About 400,000 “Warsaw City Card” transactions are currently made in this way each month. The M4V reader has been exclusively developed by ASEC.

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Online Resources Buys Incurrent for $15MM

VA-based Online Resources has inked an agreement to acquire NJ-based Incurrent Solutions for $15 million in cash and stock. Incurrent is an Internet ASP to the credit card issuer industry. Online Resources says it intends to bring its patented real-time payments and consumer marketing capabilities together with Incurrent’s wide distribution and vertical market expertise in card-based financial services. Incurrent’s continuing clients serve approximately 30 million cardholders, of which 1.7 million are enrolled to use Incurrent’s service to access their accounts online. The $15 million purchase price for Incurrent includes $8 million in cash and 1,000,000 shares of Online Resources common stock. Incurrent has approximately $7 million in annual revenue from continuing clients.

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Bank Audi SAL Purchases eFunds’ IST/Switch Software

Bank Audi SAL has signed a contract to purchase eFunds’ “IST/Switch” electronic payment processing software. The “IST/Switch” will be deployed both in Lebanon and in the Bank’s Jordanian branch network. Bank Audi manages $12.9 billion of total assets globally. The deal was concluded with the active support of Mideast Data Systems Lebanon, eFunds’ master distributor for the Middle East based in Lebanon.

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PYDS Powers the Pronto Banco Card

Payment Data Systems becomes the electronic payment engine powering SCN’s “Pronto Banco” reload site. Marketing Pronto Banco™ on the Internet enables consumers to purchase cards and receive them at home in just a few days. Cardholders can re-load their cards on the Internet once they log onto their account. They can also re-load at any of the thousand merchant locations in the U.S. Payment Data Systems, Inc. is an Integrated Payments Solution Provider that delivers comprehensive and cost-effective solutions to billers and retailers for the processing and management of electronic payments. Secure Cash Network, Inc. is a Consumer Products and Financial Services company that specializes in Stored-Value Debit/ATM products for consumers who do not have regular bank accounts.

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Buy.com Platinum VISA Contract Extended

Chase and Buy.com have renewed their 1999 credit card co-branding contract for the “Buy.com Platinum VISA”. The card provides consumers with a secure and convenient method of payment along with opportunities for savings and rewards. Buy.com cardmembers will earn three reward points per dollar on card purchases made on Buy.com and one reward point per dollar on other card purchases made where Visa credit cards are accepted. Online shopping has grown to a $100 billion industry in the last decade and 34% of the total population will participate in online shopping.

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