Datacard Group has introduced “Tru Photo” and “Tru Photo Professional” solutions that automate and simplify image capture. The new Datacard TruÃ¢âÂ¢ photo solutions greatly improve speed, simplicity and user control in the photo ID production process. Tru Photo software features an auto-capture capability that allows users to simply click on a photo field and capture an image without panning or tilting the camera. The system automatically crops the photo and presents the operator with the image. The entire process takes about seven seconds.Details
WI-based Wausau Financial Systems and Epson have signed a VAR agreement making available financial related printers and imaging solutions nationwide. This official agreement allows WFS to offer Epson’s teller station printers with digital check and ID imaging. These devices can be configured with TellerProof(tm), the image based teller solution from WFS. Epson offers an extensive array of POS printers and transaction terminals for the retail, hospitality, supermarket and banking markets. Wausau Financial Systems is the recognized leader in the development and implementation of knowledge-based products for the payment and transaction processing industry.Details
Tokyo-based Hitachi and Kyoto-based Omron announced an agreement to establish a joint venture to take effect on October 1st. Under terms of the arrangement, the new company will integrate
the total business of Hitachi’s “Ubiquitous Platform Group Mechatronics Systems Division,” such as ATM’s, other self-service machines and terminal systems, with the ATM and other self-service machines,
modules and solutions handled by Omron’s “Social Systems, Solutions, & Services Business Company and Advanced Modules Business Company.” Hitachi and Omron initially formed an ATM joint development alliance in 2000. It is expected that the position of chairman will be assumed by a person from Hitachi, and the post of president and CEO will be assumed by a person from Omron. Regarding the ratio of investment, Hitachi will hold over half of the shares granting it voting power, though the exact proportions will be decided later. Both companies said the joint venture is needed to strengthen their capability to respond
to the diversification and enhancement of customer needs domestically, as well as strengthening the business structure in China among other overseas growth markets.
Schlumberger’s Axalto, formerly known as Schlumberger Smart Cards & Terminals, reported revenue of $206 million for the fourth quarter representing a 6% increase over the same period last year and 2% sequentially. For the year, cards revenue was $717 million versus $658 million in 2002. Pretax operating income of $27 million increased 21% sequentially and 36% year-on-year. Sequentially, mobile communication card activity improved 12%, of which 3% was due to the strengthening of European currencies against the U.S. dollar. The increase was mainly in Europe due to strong demand coupled with a shift toward high-end products, which led to a pricing increase, and in North & South America, partially offset by lower demand in Asia. Axalto has 4,500 employees in more than 100 countries, with worldwide sales exceeding 2.6 billion smart cards to date. For complete details on Schlumberger and Axalto fourth quarter results visit CardData ([www.carddata.com])
The Federal Trade Commission said last week it received 214,905 identity theft reports last year, 42% of all consumer complaints lodged in its “Consumer Sentinel” database. The FTC received more than half a million complaints in 2003, up from 404,000 in 2002, and Internet-related complaints accounted for 55% of all fraud reports, up from 45% in 2002. The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them.Details
DealerNet, Inc. of Matthews, NC has become a “Gold Level Distributor” for Team Nisca’s ID Card Printers. They join the ranks of Lenel Systems International and Comprehensive Identification Products. DealerNet has products in stock and is ready to ship printers and Genuine Nisca Ribbons. Nisca ID Card Printers have been in the ID Card market since 1994 and deliver reliable solutions to corporations, states, and countries. DealerNet, Inc. started operations in 2001 by offering their full-line of identification hardware, software, accessories, and supplies, exclusively through a reseller network, they have garnered phenomenal success and growth during their short existence.Details
Concur Technologies and U.S. Bank Corporate Payment Systems have teamed to offer commercial card holders “U.S. Bank AccessExpense,” which provides an end-to-end expense management solution to help companies control T&E costs. AccessExpense builds upon the control features inherent in commercial cards to more effectively manage travel and entertainment costs, the second largest controllable cost in most organizations. U.S. Bank Corporate Payment Systems, a division of U.S. Bancorp, offers clients a full suite of solutions for commercial, fleet and B2B payment needs. Concur Technologies, Inc. is the world’s leading provider of Corporate Expense Management solutions, servicing thousands of companies worldwide.Details
SD-based sub-prime specialist First Premier Bank is holding steady after five years of rocket growth. The issuer reported fourth quarter outstandings of $708,577,372, a slight decline from the third quarter’s $709 million, and 7.2% less than 4Q/02. Volume was also steady at $257 million, compared to $262 million one-year ago. However, growth in its account base has continued. During the fourth quarter the issuer added 30,000 net accounts and 136,000 for the year. During 2002, First Premier added 800,000 accounts. In 2001 it added 700,000 accounts and 600,000 accounts during 2000. In September, First Premier Bank and Premier Bankcard signed an agreement with the Federal Reserve Bank of Minneapolis that restricted its growth. Under terms of the agreement, Premier Bankcard is limited to an 8% annual growth rate in its credit card portfolio until it meets the certain liquidity requirements. For complete details on First Premier’s 4Q/03 performance visit CardData ([www.carddata.com]).
CyberSource reported revenue for the fourth quarter of $7.7 million, compared to $7.4 million in revenue for the same period last year. Transaction and support services revenue was $6.1 million for the fourth quarter of 2003 as compared to $5.1 million for 4Q/02, representing an increase of 18%. The Company says 4Q/03 dollar volume for credit card authorizations hit a record $5.4 billion. CyberSource processed 85.8 million transactions in the fourth quarter, a 39% increase from the same quarter last year. The Company signed 395 new customers in the fourth quarter. For the last four quarters, the total number of new customers signed was 1,394. Over 3,000 businesses now use CyberSource solutions. For complete details on CyberSource’s fourth quarter performance visit CardData ([www.carddata.com])
Alpha Card and SN Brussels Airlines have partnered to launch two new co-branded charge cards. The “SN Brussels Airlines American Express Card” and the “SN Brussels Airlines American Express Gold Card” are linked to the SN Brussels AirlinesÂ ÂPrivilegeÂ frequent flyer program. For every Euro spent on either card, standard cardholders will receive one “Privilege Mile.” Additionally, the “Gold Card” will accrue two “Privilege Miles” for all SN Brussels Airlines ticket purchases, plus 10,000 bonus miles for the first transaction. Also, for 15,000 Euros spent on the card in any single year, the “SN Brussels Airlines American Express Gold Card” offers a free return trip anywhere in Europe with SN Brussels Airlines (value 20,000 “Privileges Miles”). Alpha Card is a joint venture company between American Express and Fortis Bank.Details
PA-based USA Technologies projects that its revenues for the year ending June 30th will fall between $8 million and $10 million, and that revenue for the 2005 fiscal year will come in between $25 million and $30 million. USA Technologies also announced financial expectations for its fiscal 2005 year, which begins on July 1, 2004. In fiscal year 2005 the Company expects to generate $25 to $30 million in revenues. USA Technologies is a leader in the networking of distributed assets, wireless non-cash and m-commerce transactions, associated financial/network services and interactive media technology and energy management.Details