Datacard Unveils High-Volume Inline Smart Card System

Datacard Group has introduced the “MPR5000” card production and personalization system that handles every step of the smart card production process, including card cavity milling, chip embedding, GSM Sim punching and chip testing. After smart cards are produced and tested for quality, they move downstream to card personalization modules, which can be configured to include magnetic stripe encoding, smart card personalization, laser engraving and high-speed inkjet printing. Optional production modules include an additional 500 card input module, dual interface and contactless smart card modules, an antenna detection module that monitors cavity depth and a quality assurance module featuring a video inspection station. Datacard Group provides the software, systems and professional services needed to build profitable card programs.

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STMicroelectronics Releases Application Development Kit for Value-Added Applications

Geneva-based STMicroelectronics has introduced an application development kit for value-added applications in the smart card market. The new “Proton Prisma ADK” contains a simulation of a real-life “Proton Prisma” card issuing system that is very useful for testing purposes. The application developer can also use it to demonstrate and sell the new application to the many “Proton Prisma” card issuers worldwide. “Proton Prisma ADK” has already been successfully used to develop a loyalty application, several one-time-password applications and a PKI-based secure
access and digital signature application. Large-scale roll-outs are currently in progress. During these experiments, it was proven that the “Proton Prisma ADK” significantly reduces the time-to-market to add a new attractive application into an operational smart card system. The reason for this success is that “Proton Prisma ADK” allows the card issuer to deploy any new application without impacting the card issuance infrastructure that is already in use for another critical application, for example, “EMV.”

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ACI Adds Mobile Top-Up to its ATM Driving Software

ACI Worldwide and Boston Communications Group have signed a multi-year agreement to integrate bcgi “ATM Recharge” with ACI’s “BASE24” ATM driving software. Upon integration, ACI will have the ability to license the bcgi ATM Recharge Interface, a fully supported, end-to-end solution for prepaid wireless top-up at the ATM, to its BASE24 customers throughout the U.S. ACI software is used over 30 billion times a year to process these transactions, powering the world’s online payment systems. Boston Communications Group, Inc., is a leader in transaction processing solutions for real-time wireless subscriber management, payment services, billing and customer care.

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MULTOS CARDS

The MULTOS Consortium reported that 25 million “MULTOS” chips have been shipped to-date. The group also announced two technical advancements for its smart card platform. The new specification, “MULTOS 4.2,” supports default application selection and contact or contactless interfaces on dual interface smart chips. It also improves the performance of creating RSA key pairs and adds an exchange data function for implementations with more than one operating system on the same chip. Additionally, the MULTOS Consortium announced a new open platform for EMV smart cards to broaden the appeal of the operating system to more cost sensitive implementations. The platform is designed for financial organizations issuing their first EMV cards, and will enable these issuers to upgrade their cards to full PKI-based MULTOS smart cards as they wish.

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MasterCard Adds Luggage Service to its Special Offers Program

NY-based Universal Express and its Luggage Express subsidiary, a firm specializing in door-to-door luggage delivery service, are now part of the “MasterCard Offers” program. MasterCard cardholders will save 10% on Luggage Express services by using a MasterCard discount code. MasterCard cardholders who use Luggage Express overnight service will also receive a free gift of a dozen roses. MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs.

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MOSCOW SOCIAL VISA

VISA International has issued more than one million smart cards since July 2002 as part of the “Moscow Social Card” program. The card provides Moscow residents who receive social benefits, students, pensioners, members of the armed forces, public employees and others with a smart card carrying personal identity and benefits details, along with a VISA payment application. The multi-application card currently includes metro ticketing, health and medical insurance details, as well as access to government subsidies and discounts in specified retail stores. The “Social VISA” can be used at 45,800 “VISA Electron” acceptance locations across Russia as well as at more than 12 million merchant locations with electronic point-of-sale devices worldwide. This is the first use of a dual interface card in Russia and the first implementation within VISA’s CEMEA region. VISA has 6.1 million cards in-force in the country, producing more than $9.6 billion in annual sales volume.

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Wincor Nixdorf Launches Extended Series of ProCash ATMs

Wincor Nixdorf has introduced the “xe-series”of “ProCash ATMs” featuring an improved cash dispenser that gives banks better levels of availability with fewer belts and moving parts, plus a new note handling design that boosts processing speed up to 60 banknotes per transaction. Wincor Nixdorf will be demonstrating the new series at the BAI Retail Delivery Conference and Expo. An additional new feature is the intelligent deposit concept that includes Wincor Nixdorf’s exclusive Check and Cash Deposit Module (CCDM). This device allows up to 50 checks and 50 bills to be deposited in a single slot, all within the standard ATM footprint. Wincor Nixdorf Inc. is one of the fastest growing providers of IT products and solutions for the banking and retail industries.

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FP Solutions Card Launched that Links to a Major Fuel Network

Irving Oil, TCH and Shell Canada Products have teamed to roll-out the “FP Solutions Card,” that provides access to a fuel network of more than 3,700 cardlock and truckstop locations throughout in the USA and Canada. The card is accepted at participating North American Irving Big Stop, IRVING 24 and cardlock locations, Shell cardlock and truckstop locations, plus the extensive TCH-affiliated network of more than 3,500 sites including Flying J locations. The card uses a Web-based management tool, and offers real-time account reporting and control, driver cash advances, secure checking and phone card capability. Irving Oil is focused on customers in Eastern Canada, Quebec and New England. Shell Canada products are supplied to commercial road transport and retail markets through its network of cardlocks and Shell and private-brand retail sites. Based in Ogden, Utah, TCH is owned by Flying J, Inc., and has a 163-site truckstop chain.

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VeriFone’s Omni 3750 Continues to Lead the Market

The most successful product launch in VeriFone’s 22-year history just surpassed the 450,000 terminal milestone. The “Omni 3750” has been certified by all of the leading U.S. processors, supports solutions from over 30 value-added application providers, is shipping to merchants through existing acquirer and ISO channels, and has been installed in over 70 countries. The terminal offers swap-out capabilities of different communications modalities, including 14.4kbps dial-up, SSL-protected broadband DSL/cable, Wi-Fi, and Ethernet. It is also “EMV Level 1” and “Level 2” type approved, and has “Triple DES” and “PED” certification. VeriFone also recently announced the first Wi-Fi “Omni 3750” payment system at The Mall of San Marino in Ecuador and the first terminal deployment at US Ford Mercury dealers needing to migrate from dial to DSL.

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Providian’s Charge-Offs and Delinquency Rise

Providian reported Tuesday that charge-offs for its securitized card loans rose sharply during October to 17.19%, after a sharp one-month decline. Providian’s delinquency rate edged up to 12.38%, from 12.17% in September and 12.12% in August. Providian recently reported net income for the third quarter of $85.3 million, double its profits for the third quarter of last year. However, Providian’s managed loans declined to $16.95 billion following the sale of approximately $667 million in loans on August 1st. For complete details on Providian’s 3Q/03 performance visit CardData (www.carddata.com).

SECURITIZED PVN 2003
Month Charge-offs Delinquency
Jan 03 19.38% 13.26%
Feb 03 18.23% 12.89%
Mar 03 19.89% 12.46%
Apr 03 19.80% 12.27%
May 03 20.40% 11.92%
Jun 03 16.76% 11.98%
Jul 03 17.39% 11.96%
Aug 03 17.04% 12.12%
Sep 03 15.65% 12.17%
Oct 03 17.19% 12.38%
Source: CardData (www.carddata.com)

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Global Prepaid Market to Reach $500 Billion by 2007

A new research study shows that prepaid payment applications will account for over $240 billion in payments globally this year. TowerGroup says it expects that all prepaid applications will exceed $500 billion worldwide by 2007. The research firm believes the early success of prepaid applications in closed environments like telecom and retail gift cards will lead to a new variety of opportunities over the coming decade – particularly where enhanced user convenience and control are key, cash and checks can be displaced, or existing credit and debit card products are a poor fit. TowerGroup says prepaid offers a major opportunity to build upon the existing branding, acceptance, and infrastructure and offer the next generation of bankcard products. It will be the engine for both product innovation as well as a major driver to enter new markets and grow revenue. Prepaid products will reduce costs for funding by businesses and government agencies, while simultaneously offering greater utility and convenience for consumers.

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PayPass is Ready for Prime Time After Two Pilots

MasterCard yesterday declared its new contactless consumer payment system a success, following trials in Orlando and Dallas. The network says it will now expand its “MasterCard PayPass” program to additional locations. More than 16,000 cardholders and more than 60 retail locations participated in the nine month Orlando trial of “PayPass.” MasterCard says its biggest success was in the QSR environment where “PayPass” shaved between 12-18 seconds off the purchase time as compared to cash. Earlier this year, MasterCard began working with Nokia to incorporate “PayPass” into mobile phones for a trial in Dallas. MasterCard says the Dallas trial showed that the average “PayPass” payment made using a mobile phone was six seconds faster than using a card. MasterCard also released a survey yesterday that showed nearly 40% of U.S. adults carry less cash with them compared with 5 years ago. Findings also showed that 49% of consumers carry $20 or less in their wallet and 86% of consumers reported that they want to use cash less often than they currently do. MasterCard says the results are in line with 2002 studies which showed that 53% of consumers would use “PayPass” to replace cash payments if their banks offered it to them.

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