GlobalPlatform Names New Board of Directors

GlobalPlatform has named its new Board of Directors for fiscal year 2005, following annual elections for six of the eleven Board seats that took place at the end of September. One new Board Member was elected, Didier Begay, of France Telecom.

The incumbent Board Directors who were re-appointed were:

Christian Juttner of Giesecke & Devrient

Toshiaki Kuzuki of JCB Co. Ltd.

Shoichi Senda of NTT Corporation

Carmen Carnero-Silvo of SERMEPA

Jim Lee of Visa International

The six newly elected Board Members were nominated by their individual companies and have been appointed to serve a two year term on the Board by GlobalPlatform’s Full Members. GlobalPlatform’s new Board Officers – Chair, Vice Chair and Treasurer / Secretary – for FY2005 will be announced following Cartes 2004 in early November.


ADS Acquires Epsilon Data Management for $300MM

Dallas-based Alliance Data Systems is acquiring Epsilon Data Management for approximately $300 million. ADS will use the acquisition to fuel the growth of its “AIR MILES” reward program in North America as well as to enter new verticals such as healthcare, financial/insurance, and travel/consumer goods. Epislon is a provider of integrated direct marketing solutions that combine value-added marketing, transaction, technology, and analytical services. The purchase price is about 2.5 times Epsilon’s expected core revenues. Epsilon’s clients include global brands such as Hilton Hotels, Principal Financial Group, Pfizer, Nestle Purina PetCare Company, AstraZeneca, and Midas. Mike Iaccarino, president and CEO of Epsilon, will continue in his current role. Epilson has 700 employees located in Boston, Dallas, St. Louis, and Washington, D.C. Epsilon is being acquired from Relizon Holdings.


Big Fat Gift Card Posts a Six-Fold Increase in Sales

Fatburger Restaurants reported a 662% increase in gift card sales at company-owned locations since converting from paper certificates to plastic cards last year. The “Big Fat Gift Card” was launched last year with Paymentech. Fatburger sells Paymentech’s proprietary gift card product, called “FlexCache,” and attributes the success of the program to creative marketing and the convenience that comes from paying with plastic. “Plastic,” the Big Fat Gift Card reads, “never tasted so good.” Paymentech processes an estimated $8.1 million in annual card volume for the stores.


NCR Expects to Report a Strong Third Quarter

NCR expects to report strong third-quarter results of approximately $1.44 billion to $1.45 billion, an increase of almost 7% from 3Q/03. NCR’s results were responsible for a strong performance in the company’s Teradata Data Warehousing and Financial Self Service businesses. NCR is increasing its expectations of earnings-per-share for full year 2004 from $1.40 – $1.45. NCR will provide more detailed information about its third-quarter results during a conference call on October 28. NCR Corporation is a global technology leader in helping businesses establish stronger relationships with their customers through their ATMs, retail systems, Teradata(R) data warehouses. and IT services.


Paymetric Acquires MasterCard SmartLink Technology

Houston-based Paymetric has acquired Atlanta-based Riverside Software, which provides the technology that powers “MasterCard SmartLink,” a SAP-integrated procurement card and expense management solution. MasterCard SmartLink(R) integrates electronic procurement data and payment transactions with SAP financials, increasing the value of purchase card programs. Steve Putney, president and CEO of Paymetric, says that along with Riverside Software, they can offer payment card solutions that simplify the procurement and card acceptance processes. Paymetric is a leading provider of Enterprise Payment solutions focusing on SAP payment processing. Riverside Software develops payment card and expense solutions that simplify the purchase-to-payment process.


BusinessLink MasterCard for Aviation Launched

Comdata and PerfectStop, a general aviation communications and transaction platform, have launched “BusinessLink” for aviation. The new management and purchasing solution gives users the ability to use one corporate card, the “BusinessLink MasterCard” for aviation for all purchasing along with the ability to integrate transactions, communications, and flight tracking, track and manage pricing and contract agreements, access detailed reporting from multiple vendors in a single online source, improve cash flow with accelerated billing processes, access data to analyze purchasing patterns and negotiate better deals, reduce the cost of invoicing, and use ghost card and virtual card capabilities. “Business Link MasterCards” are issued by AmSouth Bank.


Wincor Nixdorf Launches NAMOS Compact

Wincor Nixdorf has introduced the “NAMOS Compact” global point-of-sale solution to the North American market for the petroleum and convenience industry. NAMOS Compact enables petroleum and convenience retailers to integrate industry-specific functions of the POS back-office and pump system control. NAMOS Compact provides simplified development, greater scalability, and increased performance based on the Microsoft(R) Windows(R) XP Embedded operating system. It consists of four parts including the POS application, Manager’s Workstation, Wet Data Manager, and a Back Office/Head Office Solution (BOS/HOS) interface. NAMOS Compact is now installed in over 17 countries in 11 different languages. Wincor Nixdorf is the third largest supplier of POS systems and ATMs in the world and is the largest supplier of POS systems in Europe.


SCA Releases a Smart Card Authentication Report

The Smart Card Alliance has released a new white paper “Logical Access Security: The Role of Smart Cards in Strong Authentication” in advance of next week’s annual conference in San Francisco. The report provides a comprehensive review of issues regarding authentication. It describes the benefits associated with smart cards and includes information about organizations currently using smart ID cards to access information systems. Smart cards store combinations of password files on a single card. Organizations also combine more than one factor to improve the security and privacy of the authentication process. Representatives from organizations such as CardLogix and Lockheed Martin were involved in the development of the white paper. The Smart Card Alliance is a non-profit association working toward the acceleration of smart card technology.


Precidia’s POSLynx Retail Router Paymentech Certified

Precidia Technologies announced the Class B certification of its
“POSLynx” retail router for Paymentech’s “NetConnect” authorization
center. Converting up to four point-of-sale terminals to IP using SSL,
the “POSLynx” helps small to mid-size merchants reduce communication
costs by eliminating the need for dedicated dial lines. With no changes
required to terminal applications, implementation of the “POSLynx” is
quick and painless; merchants are up and running immediately without
additional expense or training. Paymentech processes more payment
transactions than any other company in North America – and more than
half of all Internet transactions – for retailers accepting U.S. and
international payments via traditional point of sale, Internet, catalog
and recurring payments.


MoneyPlus Cards Target the Unbanked

Los Angeles-based MyMoneyPlus has launched a series of payroll cards designed for employees without bank accounts. The new “money cards” enable employees to receive paychecks directly to their cards. The cards function as regular ATM/Debit cards with the ability to withdraw cash and make retail point-of-sale purchases in the U.S. The cards also allow users to send money to their home countries without enduring traditional money transfer services. MyMoneyPlus also makes automatic payroll deposits, saving employers a lot of money. In money transfers alone, $25 million is sent from Los Angeles to Mexico daily and the staggering amount of annual U.S. money remittances amounts to $70 billion worldwide. MyMoneyPlus Card Corporation is a subsidiary of CDSNet, Inc., a corporation with a family of companies who delivers transaction processing, customer service, project management, and IT consulting.


ExxonMobil Links Up Fiserv’s ACCEL/Exchange Network

Fiserv’s “ACCEL/Exchange” EFT network has added ExxonMobil service stations and stores. ExxonMobil markets through more than 14,000 Exxon-branded and Mobil-branded service stations in the USA. “ACCEL/Exchange,” the nation’s fifth-largest PIN-debit network, is accessible at approximately 1.6 million point-of-sale devices and 55,000 ATMs. Approximately 80 million consumers throughout the USA currently hold “ACCEL/Exchange”-enabled debit cards. Fiserv EFT operates more than 16,500 ATMs and owns the “ACCEL/Exchange” network.