BMO Bank of Montreal Renews AIR MILES

BMO Bank of Montreal has inked a multi-year renewal to continue offering “AIR MILES” on its “Mosaik MasterCard” and “AIR MILES MasterCard Business Card.” More than 60% of Canadian households actively collect “AIR MILES” reward miles at more than 100 sponsors representing over 12,000 retail and service locations across the country. The Canadian “AIR MILES Reward Program” is operated by The Loyalty Group, a subsidiary of Dallas-based Alliance Data Systems. BMO Bank of Montreal has been a part of the “AIR MILES Reward Program” since its inception in 1992. In 2002, BMO Bank of Montreal extended its “AIR MILES” program under its retail banking banner.

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3DES Compliance White Paper Released

MA-based e-ClassicSystems, developer of “ATM Manager Pro,” has released a white paper on the “3DES” compliance project. Managing the 3DES Project: A Business Perspective analyzes not only the 3DES compliance project, but also how it could be an opportunity rather than a mandate. The paper examines the potential additional opportunities and identifies ways to maximize your investment of time and money. e-ClassicSystems, Inc. is a premier provider of software solutions to organizations that deploy or manage ATMs.

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TWS Signs CA CU for ATM Deposit Management

CA-based Wescom Credit Union has selected TWS’ “ALERTMANAGER” and “OMEGA” to automate the processing and fraud management of an ATM deposit. TWS developed OMEGA to help its customers streamline and automate ATM deposit processing from start to finish. With ALERTMANAGER, Wescom can customize its fraud prevention criteria to meet its specific needs. Wescom Credit Union is a not-for-profit, financial services cooperative serving more than 200,000 members at 25 branches throughout Southern California. Clearwater, Fla.-based TWS Systems, Inc. is a privately held financial services company that is the first company to offer total deposit automation with image-based ATMs.

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Charter One’s Free Gift Cards Strikes a Chord

OH-based Charter One Financial reports it sold more than 600,000 of its “MasterCard Gift Cards” from November through December. The bank says it projected sales of approximately 200,000 cards. Retail banking centers accounted for roughly 80% of total sales, while the remaining 20% were ordered over the Internet and phone. Charter One launched its new gift card in late October. The card was the first “MasterCard Gift Card” featuring no upfront fees for the card, or fees for processing. Bank of America, the largest issuer of bank gift cards, charges a $5.95 fee for new cards with up to $300 in value, and a $7.95 fee for values between $300 and $600. Most issuers of VISA- or MasterCard-branded gift cards charge processing fees. However, Charter One charges a $2 fee for each ATM withdrawal or cash advance and a $1 fee for each PIN POS transaction. (CF Library 10/29/03)

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Lawsuit Filed Over Translucent Cards

IL-based Perfect Plastic Printing announced this morning it has received two patents on its transparent/translucent card technology, and has received notices of allowance from the U.S. Patent Office on two additional patent applications indicating the allowability of claims directed to clear card technology. To enforce its patent rights, PPP says it has filed a complaint for patent infringement and interfering patents against American Express. The suit was filed in the U. S. District Court, Northern District of Illinois, Chicago. AmEx introduced its translucent “Blue” card in September 1999.

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Fair Isaac Gets New Business Strategist

Fair Isaac has hired Gresh Brebach, formerly of McKinsey & Co., as VP/Corporate Development. Brebach is a recognized authority on transforming businesses by aligning corporate business strategies with organizational structures, operating processes and IT infrastructures. Formerly a Director in the New York office of McKinsey & Co., Brebach led the North American IT/Systems practice and served several multinational clients in the development and rationalization of corporate strategy on a global basis. Fair Isaac Corporation is the preeminent provider of creative analytics that unlock value for people, businesses and industries.

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Royal Ministry of Finance Issues an E-Money License to Contopronto

The first-ever European E-banking license allowing for payments and money transfers to any bank, credit card, business or individual through mobile phones from Europe has been granted to an Oslo-based firm.
The Norwegian Royal Ministry of Finance issued “E-Money License” to Contopronto which permits transactions up to approximately 1250 euros. The license was issued after a one-year pilot program. Contopronto says it has some clients that pay their employees salaries directly into their mobiles. Companies such as McDonald’s, Peppe’s Pizza, and Norway’s number one loyalty program Trumf are participating in Contopronto’s e-banking system. The Company says the system will shortly be available in taxis in 25 cities in Norway. Contopronto says it has just added a London office and expects to soon have E-money banks across Europe to tap into a market of 550 million Europeans.

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TXT Card Launched in the UK and Europe Market

Hybyte Limited and GlobeTel Communications have launched the “TXT Card” in the UK and Europe market. “TXT Card” is a new way of providing pre-paid calling cards mobile phone users. Mobile phone
users simply pay for pre-paid calling services, such as accessing low International rates, by sending a SMS request to purchase a virtual calling card, and almost instantly, the user receives back a PIN,
enabling them to make international or long distance calls. Payment is linked to the customers’ mobile phone account or to the customers’ debit/credit cards such as GlobeTel’s “Pre-paid Magic Money Card” which is
also expected to launch this year in Europe. The “TXT Card” service is being launched initially in the UK and Germany in January, where SMS is used extensively. International markets including Asia Pacific will be opened in second quarter 2004.

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