TRINTECH EMV PIN-PAD

Dublin-based Trintech Group announced the EMV “Level 2” certification of
its smart card-enabled POS terminal and PINPad solutions. The EMV “Level 2”
certification covers the software aspects of processing a smart card
transaction. Trintech’s EMV software library is certified to EMV standard
and covers both “Static Data Authentication”, and “Dynamic Data
Authentication.” Trintech says a number of customers, such as Wilkinson,
are in the process of integrating its “PayWare SmartPIN” solution in order
to be ready when the Northampton EMV town trial starts in March.

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MS & Citibank

Microsoft and Citibank Merchant Services have expanded their relationship to target small and mid-market retailers. The agreement enhances the “Microsoft Retail Management System” by introducing a new payment processing module. The agreement provides competitive pricing for credit card transactions and eliminates fees for applications, setup and monthly statements. The agreement also eliminates the need for merchant credit card payment terminals. Microsoft RMS also helps retailers reduce the risk of out-of-stocks and provides automatic pricing models and more-effective marketing promotions. Independent merchants interested in taking advantage of the payment processing module must purchase or upgrade to version 1.1 of Microsoft RMS, which will be available Feb. 21st.. Pricing begins at $1,290 for a one- to three-user version.

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Carlson Travel Rewards

MN-based Carlson Travel Group and MBNA have teamed to launch the “Carlson Travel Rewards VISA.” The card will be marketed exclusively through 1,000 Carlson Wagonlit Travel Associate locations throughout the USA. Under the program, cardholders will earn two points for every dollar spent using the card. Points can be redeemed for travel opportunities when 40,000 points have been earned. Rewards include Carlson Travel’s tour, cruise, and all-inclusive supplier offerings. MBNA and Carlson also offer the “Gold Points VISA” program which is run by Gold Points Corporation, a subsidiary of Carlson Marketing Group. The original “Gold Points Rewards” test program was launched by Carlson Companies’ in 1996 as an electronic reincarnation of the Gold Bond Stamp Company, started in 1938 and upon which today’s $31 billion Carlson empire was eventually built. The “Carlson Wagonlit Travel Corporate Card” was also launched in 1996, in conjunction with Household Credit Services (CF Library 4/3/96).

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HOLIDAY ONLINE VOLUME

VISA Canada reported that its cardholders spent $772 million shopping
online during the 2002 holiday season, representing 6.4 million
transactions. The gain in sales volume represents a 103% gain over the
previous year. Fifteen percent of credit card holders with access to the
Internet intended to purchase holiday gifts online, acccording to a poll
conducted by Maritz: Thompson Lightstone between November 21-26. By
comparison, 85% of credit card holders with Internet access were unlikely
to make online purchases, the leading reason — cited by a quarter of
respondents — were security issues and fraud concerns. The study also
determined that among those likely to use a credit card online, an
overwhelming number — 48% — said they would be more comfortable if they
were asked as part of the transaction for a password registered with their
bank.

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ViewTouch to Sell BEETLE

ViewTouch, a supplier of POS application software to the hospitality industry, has signed an agreement to resell Wincor Nixdorf’s “BEETLE” family of POS systems in North America. ViewTouch will resell the BEETLE(R) family of POS systems and Wincor Nixdorf services in North America. The combination of Wincor Nixdorf’s industry-standard BEETLE platform and ViewTouch’s fully developed Linux applications offers the hospitality industry freedom of choice and configuration flexibility.

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Genesco Gets ICEd

Hypercom announced that footwear specialist Genesco is rolling out Hypercom’s “ICE” card payment technology and terminals to its more than 975 U.S. retail locations by mid-year. The company’s ePOS-infocommerce® (epic?) ICE devices are high speed, high performance, touch screen-based, Web-enabled card payment terminals that incorporate physical security features and Hypercom’s HyperSafe? operating system.

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Aussie Fees

While many small merchants in Australia have begun charging customers for using credit cards for purchases, major Australian companies have yet to impose the new surcharges permitted after January 1st. However, there were several published reports indicating that Qantas airline and Caltex petroleum have already decided to begin levying the fees within the next few weeks. Last year, the Reserve Bank of Australia issued new reforms on the credit card business permitting merchants to recover from cardholders the costs of accepting credit cards. The new standard went into effect January 1st. Also under the new RBA rules, interchange fees will decrease from around 95 basis points to approximately 55-60 basis points by July 1st. Australian newspapers are reporting that Qantas has decided to charge customers a flat fee for each credit card transaction and that Caltex will pass along its actual costs for each transaction at its company-owned service stations. Most smaller merchants are charging customers between 2.5% and 4.5% for VISA, MasterCard, American Express, and Diners Club credit card transactions. There are also indications that a significant percentage of smaller merchants began charging the new fees before the new reforms took effect. VISA and MasterCard filed a lawsuit in October with The Federal Court of Australia over the new RBA credit card laws. The Court has set a trial date of May 5th. The card associations argue that the Reserve Bank of Australia hasn’t complied with its obligations under the Payment Systems Act, and that the proposed changes don’t meet the public-interest test required under the act.

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TeleCheck Signs Limited Brands

Limited Brands has signed an agreement with TeleCheck Services for TeleCheck’s “Check Verification and Recovery” services. TeleCheck Services is the world’s leading provider of paper and electronic check services, helping nearly 306,000 retail, financial institution, grocery, convenience store and other industry clients to increase their profitability, reduce risk and streamline operations. As a leader in electronic commerce and payment services, First Data serves approximately 2.8 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment.

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Drexler 4Q/02

Drexler Technology reported net income for the fourth quarter of $397,000, versus $1,659,000, for the three months ended December 31, 2001. The Company also reported that it sold approximately 6 million “LaserCard” optical memory cards and 158 read/write drives in the fiscal 2003 first nine months compared with approximately 4.4 million optical memory cards and 210 read/write drives in the fiscal 2002 first nine months. For the full 12 months of fiscal 2003, ending March 31, 2003, sales of optical memory cards are forecasted to increase to approximately 8 million cards compared with 5.6 million cards for fiscal 2002. For complete details on Drexler’s 4Q/02 results visit CardData ([www.carddata.com][1]).

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

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ADC and Network365

ADC and Network365 have teamed to co-market an end-to-end mobile payment solution that provides always on, secure m-commerce transactions. he ADC/Network365 solution integrates ADC’s Singl.eView(TM) dynamic transaction platform and Network365’s mzone(TM) product suite. It provides the mobile operator with encrypted and stored data on a subscriber’s credit cards, debit cards, bank accounts and other purchasing information for payment across various usage criteria, such as service type, volume, content and day part.

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