SKIMMING FIGHTER

MasterCard and MagTek announced the successful results of the beta
test of a risk management tool to fight skimming in Kuala Lumpur. Malaysia
is the first country to deploy “Magneprint” citywide. In collaboration with
four of MasterCard’s member financial institutions in Malaysia: Citibank
Berhad, HSBC Bank Malaysia Berhad, MBF Cards (Malaysia) Sendirian Berhad and
Southern Bank Berhad, the beta test began in June 2002, and will continue
through December 2002. More than 250 merchants within Kuala Lumpur are
participating in the test. The participating merchant terminals were
retrofitted with Magneprint-capable readers and the terminals were
programmed to send the Magneprint value with the authorization request
message to the card issuer’s host system for verification. To date, a total
of 65,817 cards with Magneprint references are on file and utilized,
resulting in 673,674 scored Magneprint transactions. The beta test has also
successfully detected skimmed cards during the test period.

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CERTIFIED USB

Atmel Corporation has received the “USB V2.0 Full Speed”
certification for the “AT90SC6464C-USB.” The certification gives customers
the assurance of USB Full-Speed performance when deploying Atmel s USB
secure microcontroller solution on the PC security market addressing
applications such as e-banking, e-commerce, VPN, PKI, secured email and
copy right protection. The dual protocol “AT90SC6464C-USB” secure IC is a
USB device with plug-and-play convenience, while remaining compatible with
the established ISO 7816 infrastructure. The high data transfer rate over
the USB 2.0 Full-Speed interface 12 Mbps combined with a highly secure
architecture gives a very low cost secure IC for emerging applications.

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Chinese Travel VISA

VISA International launched an “International Travel Card” in China this week. Visa estimates this opportunity represents just a fraction of the $2.3 trillion global market for prepaid, the newest, most dynamic category of payment products. To help capture the US$2.3 trillion prepaid opportunity, Visa is continuing to work closely with industry participants to develop a cost/benefit framework for accessing new markets and enhancing relationships with existing customers.

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TRAVEL CARD

VISA International launched an “International Travel Card” in
China. VISA says that market research shows only 5% of the 10 million
annual outbound travelers from China own international payment cards. The
study also found more than half of outbound travelers carry over US$1,000
in cash on each trip, VISA prepaid cards may be non-personalized, have an
expiration date, and can exist in the physical or virtual world. They can
be reloadable or disposable. They can be instantly issued. A range of VISA
travel cards now allow consumers to make purchases wherever “Visa Flag” or
“Visa Electron” are accepted and provide 24-hour access to funds in any
local currency.

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Certegy & Dialogue

Certegy says its use of Exstream’s “Dialogue” software has produced significant savings by streamlining and standardizing internal production processes to create and personalize more than 100 million statements and 30 million pieces of correspondence produced annually. With Dialogue, Certegy is able to offer financial institutions low-cost advertising opportunities by dynamically inserting logos and 1:1 marketing campaigns into documents to strengthen brand loyalty, promote products, inform of services, and relay other pertinent information to the recipient.

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Smart Barclaycard

Barclaycard has awarded Oberthur Card Systems a contract to supply its EMV smart cards for the next three years. Oberthur has been a long time partner of Barclaycard for the migration to UKIS and has supplied the bank with over 10 million such cards so far. With 40 million cardholders and 100 million payment cards in circulation, the United Kingdom is not only the biggest market in Western Europe but also the pioneer in the migration to smart cards with the first cards issued back in 1996.

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Cubic Border Security

Cubic Corp. says it is preparing to enter the border security market. Cubic is studying the application of high-security, smart card-based access control systems to increase the efficiency of pedestrian crossings on The Bridge at Las Americas. The system would incorporate biometric technologies such as fingerprint, facial recognition or iris scanning technology to grant or deny access to cardholders based on whether the information on the card matched the physical characteristics of the person at the port of entry.

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Boiler Rooms Crackdown

The Federal Trade Commission has charged a Toronto-based company with eight telemarketing boiler rooms with operating a fraudulent advance-fee credit card business. The telemarketers allegedly told consumers that they would receive pre-approved MasterCard or Visa credit cards with low interest rates, credit limits of $2,000 or $2,500, and no annual fees. Consumers paid the defendants by agreeing to have their bank accounts debited for the advance fee of $189 to $219. The complaint names 1492828 Ontario, Inc., doing business as First Capital Consumers Group, US Guardian United Consumers, Trans America United Benefits Group, Transglobal National Consumers Group, and First Guardian National Benefits, and its principals, David Dalglish, Leslie Anderson, Lloyd Prudenza, and Mark Lennox.

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Super Contactless Card

San Diego-based Cubic Corp. released its new “CUB132” contactless microchip, offering 32KB of memory, 16 times more than is currently available with the company’s “2KB GO CARD.” The “GO CARD” is currently in use by the Washington Metropolitan Transit Authority “SmarTrip” system. Cubic’s smart card technology also is in use by transit authorities in Chicago and on its way to being implemented in Minneapolis, Los Angeles and San Diego. The new Cubic chip represents the first availability of this kind of technology for smart card-based applications. Larger memory contactless cards are ideal for biometrics applications, such as digitized passport photos, fingerprints and medical information. The system also allows reloading from the Internet — providing a variety of security, industrial and government applications.

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