The tenth annual “Cards Asia” conference has been scheduled for April 27-29, 2005 at Suntec. This is the biggest trade gathering for the smart card technology and RFID-related industry in Asia. The cards conference will focus on retail payment and transaction, EMV migration, multi-application, card fraud, ID cards and more. An RFID/Cards technical seminar will be held on the exhibition floor. For more information visit: firstname.lastname@example.org.Details
On Track Innovations has signed a distribution agreement in Guatemala as another step in its launch of “EasyFuel” wireless solution for petroleum payment management and loyalty
programs for oil companies, commercial transport and transportation fleets,
and private motorists. OTI signed the distribution agreement with Fuelomaster, a Guatemalan
company that will distribute EasyFuel throughout the country. Fuelomaster
will target gas stations for fleets, as well as the retail gas station market.
Fuelomaster is already in negotiations with fuel companies and big fleets
that have expressed interest in EasyFuel for use across Central America.
EasyFuel wireless solution represents the next generation of OTI’s
Gasoline Management System, providing easy, quick and cost-effective
installations, minimum maintenance and fast turn around at the pump.
Banco de Venezuela/Grupo Santander has teamed with American Express to issue a line of AmEx-branded “Classic,” “Gold,” and “Platinum” cards.
American Express already has partnerships with CorpBanca and Banesco within the country. Under the latest agreement, Banco de Venezuela/Grupo Santander will be responsible for issuing the AmeEx cards, extending the credit, and handling all customer service and marketing for the cards. Banco de Venezuela/Grupo Santander will also be responsible for authorizations, billing and credit management, accounting and fraud control. Banco de Venezuela/Grupo Santander has about two million customers. American Express has established card-issuing partnership arrangements in more than 90 countries. In Latin America alone, American Express has established 22 partnership agreements in 17 markets.
Ace Hardware is deploying Global ePoint’s “Digital Video Recorder Surveillance System” with a point-of-sale interface. The system provides companies the ability to record and archive high resolution images embedded with all transaction detail spanning many months at a time. Key benefits of DVRs with point of sale interface are that it allows the user to quickly search for transaction information – such as search parameters for time, date, camera, merchandise, credit card number, and cash amount of sale. Global ePoint’s Perpetual Digital Division is a solutions provider to the commercial and industrial markets providing a full line of advanced DVRs that fully integrate with access control, alarm, biometrics and POS/ATM systems.Details
Desjardins Bank, a Florida-based subsidiary of Desjardins Group, has opened a US merchant service that enables Canadian companies that do business south of the border access to a service that enables them to accept credit card payments from their American clientele. With this service, provided in partnership with Retriever Payment Systems, Canadian companies obtain an American merchant number without being required to have a place of
business in the United States. They can therefore accept US currency payments using VISA or MasterCard for transactions carried out by telephone or mail.
To open a US currency business account at the Desjardins Bank, Canadian businesses need only contact their Desjardins caisse or Corporate Financial
As expected InterCept’s annual shareholders meeting was convened and then immediately adjourned yesterday until September 14th as it explores strategic alternatives including a possible sale. InterCept also announced the addition of three new directors to its board yesterday as a result of its settlement with JANA Partners. Additionally, InterCept recently agreed with Sprout Group to modify the terms of the $10 million preferred stock purchased by Sprout and its affiliates in September 2003. Meanwhile, Third Point Management Company said yesterday it is increasing its stake in InterCept to 1,750,000 shares, 8.6% of the outstanding common stock valued at approximately $29 million. In a poison pen letter, Third Point yesterday said it believes InterCept is worth substantially more with the “imminent involuntary extraction” of its current CEO.Details
JCB is set to launch its wireless corporate solution in the fall of this year. Built around Sony’s “FeliCa” contactless IC chip technology, “Mobile Offica” includes a suite of functions including employee identification, office and network access, and cashless payment. “Mobile Offica” marks the first time that mobile phones incorporating a contactless chip enabling credit card payment will be available in Japan. Advanced postpay functionality is provided by linking to the employee’s own credit card account. “Mobile Offica” also enables users with i-mode capable phones to monitor outstanding credit card balances and view detailed transaction histories, and users may be able to request increases in their credit limits on-line. NTT DoCoMo will be releasing i-mode “FeliCa” Service for mobile wallet applications, including train pass and e-money, on four i-mode smart-card handset models, in early July.Details