QSR Card Lift

VISA says an analysis of 100,000 transactions at restaurants within two different major quick service restaurant brands reveals the average transaction for credit customers was 20% to 30% higher than for cash customers. Visa payment cards and technologies offer improved speed through automated customer activated payment options, such as the technology similar to the “pay at the pump” systems available at gas stations across the United States. Customers can swipe their cards before they even order their food to speed up their experience.

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Valutec & Global Links Corp

United Trading.Com d/b/a Global Links Corp. has inked a deal with Valutec Card Solutions to offer gift and loyalty card programs to merchants. Global Links Corp. (“GLC”) plans to offer a suite of comprehensive electronic products to the retail, restaurant and hospitality industries. Strategic relationships will be developed with the nation’s leading electronic processing platforms.

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$$$ ON THE NET

Shift4 Corporation says it will process in excess of $1.5 billion this year through its “$$$ ON THE NET” ASP. Shift4 is a developer and provider of financial transaction processing software and services with a merchant centric focus. Shift4 was incorporated in 1994 and has a diverse customer base of merchants from many industries including retail, food and beverage, hospitality, MOTO, eCommerce, medical and auto rental.

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PAYWARE CMS 7.0

Trintech Group announced the launch of “PayWare CMS 7.0.” The new software
includes many new features including: EMV chip compliance;
multi-institution issuing/acquiring support; multi-currency
issuing/acquiring support; support for Internet security standards,
including VISA’s “Verified by Visa” and MasterCard’s “SecureCode/UCAF,” and
a configurable fraud detection module.Both Bankart in Slovenia and Tatra
Banka in Slovakia have deployed “PayWare CMS 7.0.”

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Debit Promotion

Commerce Bank announced that it will be giving away $1,000 a day in November and December as part of its “Skip the PIN, Sign and Win” sweepstakes that awards cash prizes to randomly selected sweepstakes entrants with a final grand prize of $25,000 will be awarded at the end of the year. Commerce Bank Visa(R) Check Card, ATM Plus Card, Platinum Check Card, CommerceOptions(SM) Check Card and Business Check Card holders are automatically entered into the contest each time they use their Commerce Check Card and sign for their purchase rather than enter their Personal Identification Number (PIN).

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JCB CARD

Bugis Junction, United Overseas Bank, and JCB International have teamed
to offer the “Bugis Junction JCB Card.” This is the first credit card
program implemented mall-wide in Singapore. It is also the first card to be
personified by a specially-created mascot, “Mizu,” which is a character
inspired by the famous Bugis Junction interactive fountain. Cardholders can
accumulate “Mizu” points on smart card chip to redeem rewards ranging from
exclusive gifts to Seiyu shopping vouchers. Cardholders also enjoy double
“Mizu” points on their birthdays and exclusive birthday treats, including
exclusive room rates at InterContinental Singapore. Every S$10 charged to
the “Bugis Junction JCB Card” by cardholders will earn them 2 “Mizu”
points. The card also offers cardholders savings and discounts at various
participating outlets in Parco Bugis Junction. The discounts range from 3%
to 20%.

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MBNA Nuggets

MBNA has signed affinity credit card deals with the Denver Nuggets of the National Basketball Association and the Colorado Avalanche of the National Hockey League. Cardholders will enjoy no annual fee, the highest credit lines in the industry, low introductory annual percentage rates for cash advances and balance transfers. Earlier this year, MBNA received the endorsement of the National Basketball Association, the Women’s National Basketball Association, the Florida Marlins, and other sports-related organizations.

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INFINEON 3Q/02

Infineon Technologies reported third quarter revenues of Euro 5.21
billion, a decrease of 8% from the previous fiscal year. The revenue
decrease resulted from the overall sluggish semiconductor market with
substantial pricing pressure in all business groups, especially memory
products. Annual EBIT (earnings before interest and taxes) was a loss of
Euro 1.14 billion, compared to a loss of Euro 1.02 billion in the previous
year mainly due to the ongoing price pressure in the industry and to
decreased demand in the communications and chip card ICs segments,
especially during the first half of the year. Revenues of the Security &
Chip Card ICs group were Euro 129 million, an increase of 8% from the
previous quarter. The continuing improvement of this segment has been
mainly driven by improved sales of security controllers used in mobile
communications, payment and identification applications. In 2001, Infineon
was the worldwide market leader in smart cards for the fourth consecutive
year and has improved its revenue market share to 39% according to Dataquest.

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Compete Study

Boston-based Compete Inc. says a new study shows that Capital One’s strategy of offering a “No-Hassle” card at an APR of 4 to 5 percentage points below competitors’ rates attracted applicants away from MBNA and Citibank. Compete says both MBNA and Citibank rely primarily on affinity and reward programs to attract new cardholders. The new Compete data showed that Capital One dominated competitors in attracting new credit card applicants, averaging over seven times the applicant volume of Citibank and MBNA. On average, 22% of MBNA’s applicants also considered Capital One, and one-third applied for a Capital One card. Similarly, 17% of Citibank’s applicants also considered Capital One, and one-fourth applied for a Capital One card. An average of 15% of MBNA’s and 24% of Citibank’s credit application abandoners (consumers who started but did not submit an application) evaluated Capital One, and one-eighth of abandoners from both companies ultimately applied for a Capital One card. Compete believes that the credit quality of applicants at Capital One was similar to those at Citibank and MBNA, since the demographic profiles of the defectors to Capital One from Citibank and MBNA were similar to the overall applicant pools for all three companies. In addition, the applicants’ behavioral profiles and use of other financial service products, such as brokerage and banking accounts, did not differ among the issuers.

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NCIPHER 3Q/02

nCipher plc reported that revenues were flat at £2.8m compared to Q2/02.
However, the operating loss was reduced from £2.4m to £1.7m because the
company maintained strong gross margins (79%) and reduced our operating
overheads. After interest the company reported a net loss of £0.7m and
consumed less than £0.1m of cash. nCipher provides hardware and software
solutions that enable organizations to implement best practice security by
addressing the challenges of cryptographic key management and performance.

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