XIGN & PANTELLOS

Ontario-based RDM and Xign announced that Texas-based Pantellos has been selected by Cinergy and FirstEnergy to implement the “Pantellos eSettlement Network,” to automate their procure-to-pay processes. Based on the “ePayables” solution from Xign, the “Pantellos eSettlement Network” is an electronic invoice and payment service that helps utilities automate their financial settlement processes. The “Pantellos eSettlement Network” also supports the “MasterCard e-P3” electronic payment and information management service, which helps utilities broaden their use of “MasterCard Corporate Purchasing Card” programs to settle large-value transactions for direct materials and services. Pantellos was founded in June 2000 by some of North America’s largest utilities.

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iDine’s 2Q/03 Profits Rise 67%

Miami-based iDine Rewards Network reported second quarter pre-tax income of $6.5 million, a 67% increase over 2Q/02. The Company also reported sales for the quarter of $87.7 million, a 34.1% gain over the prior year. The Company closed the quarter with more than 3.0 million active members and in excess of 11,100 total merchants. Transactions for the quarter were 2.6 million. The iDine Rewards Network currently has 20.4 million credit cards registered through 15.4 million enrolled accounts. Currently, more than 10,700 restaurants throughout the USA participate in iDine programs, and the company in May launched its hotel rewards program with more than 400 hotels in 25 markets. For complete details on the iDine Rewards Network’s second quarter results visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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INGENICO & MSL

Paris-based Groupe Ingenico has selected Massachusetts-based MSL as its primary worldwide strategic supplier, providing global support for Ingenico’s electronic payment terminals. As part of the multi-year agreement, Ingenico’s subsidiary Telesincro, located in Barcelona, Spain, will transfer to MSL its manufacturing employees with technical expertise in EFTPOS and secure payment products, as well as certain assets and manufacturing space. The Barcelona plant, formerly Ingenico’s only internal manufacturing site, manufactures approximately 600,000 terminals annually, approximately 40% of the company’s global demand. MSL will provide manufacturing, build-to-order (BTO), order fulfillment, and repair services to Ingenico from Barcelona and from additional locations worldwide.

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Chase Introduces PerfectCard

Chase has introduced the “PerfectCard VISA and MasterCard” offering bonus rebates on all gasoline purchases as well as a rebate for all card purchases. Originally introduced in January as the “Chase Freedom Card” in response to the loss of its Shell co-branded credit card to Citibank, the new card offers a 6% rebate on all gasoline purchases for the first 90 days. Thereafter, cardholders receive a 3% rebate on all gasoline purchases, regardless of the brand, according to CardWatch ([www.cardwatch.com][1]). The card also offers a 1% rebate on all other purchases. There is no annual fee for the first year. The $19 annual fee is waived thereafter if the cardholder makes at least nine purchases in the prior year. Chase is also offering a 0% interest rate on balance transfers for the first nine months. However, Chase charges a 3% balance transfer fee with a $50 maximum. The card carries a prime +9.74% APR for some low-risk customers, but most customers will pay a prime +11.74% or prime +14.99% rate. Higher risk consumers may pay prime +19.99%. (CF Library 1/27/03)

[1]: http://www.cardwatch.com

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VENDTEK & TIBC 3.0

VendTek’s unattended load terminals for “VISA Cash TIBC 3.0” loading of smart cards and credit/debit associated accounts have complied with VISA International Latin America and Caribbean Region’s requirements. VendTek may now load the latest “TIBC 3.0” or “Advantis” smart cards using cash as well as credit/debit associated accounts in addition to the earlier “TIBC 1.0” products. VendTek Systems also develops and licenses “e-Fresh” software and related technologies, which provides electronic distribution of prepaid telecommunication and financial services.

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Verified by VISA Comes to China

VISA’s cardholder authentication service for Internet payments is now available in China. VISA Asia/Pacific says there are already 59 million Internet users in China, ranking second in the world. Among these Internet users, 33.8% or close to 20 million users have used the Internet in the past year to make a transaction or purchase. China Construction Bank is the first acquiring bank in China to offer the “Verified by VISA” service to online merchants. CCB expects that within the next six months, there will be more than 300 online merchants participating in this secure online payment service. Bank of China and China Merchant Bank are the first card issuers to offer “VbV” to its cardholders.

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ASCOM MONTREAL TRANSIT

The Montreal Transit Corporation has awarded Ascom Monétel a C$66 million contract to set up the fare collection system for the subway, regional express railway, and buses of the Greater Montreal area. In addition to supplying the complete system, Ascom Monétel will provide system follow-up, including future upgrades, for a period of five years. The contract provides for the supply of sales and validation equipment to be installed on more than 3,000 city and intercity buses. Access to the subway will be controlled by nearly 500 automatic gates. Ticket sales will be simplified with the installation of more than 300 automatic vending machines that will also be used for reloading travel passes. The various mass transit networks of Greater Montreal and the city of Quebec represent more than 450 million trips every year by more than 3 million users.

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WildCard Powers AOL Cash/VISA Buxx Card

FL-based WildCard Systems is providing the technology and services platform for the new “AOL Cash/VISA Buxx Card” program announced Tuesday. The AOL Cash Card program provides a parent-controlled, re-loadable payment card for teens and young adults that gives them a way to make purchases, learn how to budget and manage their money responsibly. WildCard Systems is providing a complete technology solution for the AOL Visa Buxx Cash Card.

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INFINEON 2Q/03

Infineon Technologies reported a quarterly net loss of Euro 116 million compared to a net loss of Euro 328 million in the previous quarter and a net loss of Euro 76 million in the same quarter of last year. Revenues from continuing operations for the quarter were Euro 1.47 billion, remaining almost flat sequentially and increasing 11% year-on-year. Secure Mobile Solutions’ quarterly revenues were Euro 387 million, an increase of 18% compared to the same quarter of last year. The Memory Products group’s quarterly revenues were Euro 569 million, a decrease of 7% sequentially but an increase of 4% year-on-year. During the quarter, Infineon strengthened its market position for national ID-projects and entered into a security cooperation with the German Federal Ministry of the Interior to establish a sound technology basis for an enhanced security level in IT systems that are used in the Civil Service, in private companies and households. In June, Infineon and Ericsson signed an amendment to the acquisition agreement for the Ericsson Microelectronics business to strengthen their strategic cooperation in various areas of mobile phone and wireless infrastructure technology. The companies also agreed to a reduced purchase price and to eliminate the historic and future purchase thresholds of Ericsson and related penalties.

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FTC Squashes a Phishing Scam

The FTC has reached a settlement with a minor in a phishing scam whereby the defendant posed as an AOL Web page to steal consumers’ identities. According to the FTC, the defendant used the information to charge online purchases and open accounts with PayPal. The settlement would bar the defendant from future violations of the FTC Act and the Gramm-Leach- Bliley Act. It also would bar the defendant from sending spam in the future. In addition, the order would require the defendant to give up $3,500 in ill-gotten gains.

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PAYMENTECH & PARADATA

Ontario-based Paymentech Canada and British Columbia-based Paradata Systems have teamed to offer “PayGateway Commerce” to the Canadian market. Paradata Systems offers merchant infrastructure management solutions for credit card, batch and recurring payments. Paymentech Canada provides a single source for processing VISA, MasterCard and Interac. Through Paradata’s network of Internet Service Provider partners, merchants have a broad choice of hosting solutions, as well as a pre-integrated storefront application such as “Miva Merchant” and “Kurant Storesense.” The program is also available through the following channels: Intuit’s “Quickbooks Canada,” Kurant, NetNation and Rackforce.

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Tranax ATMs Offer CashWorks’ Check Cashing

Tranax Technologies has added CashWorks’ automated cashing of government and payroll checks on all its ATMs this month. CashWorks check cashing capabilities will be introduced in July on selected Tranax models and expanded to include all models in the coming months. The CashWorks system is able to utilize an ATM already on-site in a retail location to accomplish the disbursement of funds. Since 1988, Tranax Technologies, Inc. has installed over 35,000 ATMs.

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