TRANSAKT CERTIFICATION

Calgary-based Wildcard Wireless Solutions has received Vital Processing
Services’ “Class B” platform certification for both its restaurant and
retail software applications in the USA.. The software applications, which
run seamlessly on Wildcard’s “TransAKT” wireless POS terminals, will allow
the Company to immediately begin marketing its flagship product in the
American marketplace. Wildcard is currently in negotiations with several of
these U.S. merchant acquirers who are interested in marketing and
distributing the company’s “TransAKT” POS terminals.

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Netflix Goes ReD

Netflix, the largest online DVD rental service has signed a deal to utilize Retail Decisions’ “LiveProcessor” electronic payment software for its 742,000 U.S. customers. “LiveProcessor” combines online, call center, retail and IVR transactions into a single system, and integrates real-time authorization, batch processing and settlement functionality with existing order processing, subscription and electronic commerce systems. The payment processing application also supports Visa CVV2 and Amex CID security codes, procurement level 2 and 3 cards, electronic check processing, foreign currency settlement support and multiple bank interfaces in a single product. With over 100 installations of LiveProcessor in the US, LiveProcessor customers complete an estimated 13 million card-not-present transactions in 23 currencies on a monthly basis. Clients of the company include Hotwire, Nextel Communications, Research In Motion, ShopNBC, Tupperware and Unicity.

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NWC CARD DEAL

The North West Company, the oldest retailer in North America is
implementing Credit Management Services’ credit card application solution
to support its growing private label credit card business.
The North West Company operates 176 food and general merchandise stores,
with the majority located throughout northern Canada and Alaska. The CMS
application is fully scaleable operating in UNIX and OS/390
supporting department to enterprise level systems. CMS is headquartered in
San Francisco.

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HK SMART CARD DEAL

Keycorp Limited has signed a subcontracting agreement with PCCW Business
eSolutions for the provision of 1.2 million smart cards for Hong Kong ‘s
planned “Smart Identity Card System.” The current deal is expected to
generate more than A$5 million for Keycorp. Business eSolutions, a business
unit of PCCW, will utilise Keycorp’s MULTOS operating system to keep
personal data stored by the Immigration Department of the Government of the
HKSAR private and secure when “SMARTICS” replaces the laminated plastic
photo ID card system in use since 1987. The PCCW-led consortium was awarded
the project in February by the Hong Kong government after a competitive
bidding process. Keycorp will join other key technology partners in the
deal, including ACI Worldwide, Cogent Systems, SecureNet Asia, Mondex
International and Trüb AG.

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Cap One Mascot Team

Last week, Capital One announced the 12 members of the its first-ever “All-America Mascot Team” to be featured in an upcoming television advertising campaign asking fans to vote for their favorite mascot to be named the “National Mascot of the Year” during the Capital One Bowl on Jan. 1st. Each of the 12 mascots will receive $5,000 for use in scholarship and funding of the school’s mascot program.

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Bank of America 3Q/02

Bank of America reported this morning that card income was up 11%, driven by increased purchase volume. BofA ended the third quarter with $28.1 billion in outstandings, a 10% gain over 3Q/01. Pre-tax card income was $244 million for 3Q/02, compared to $239 million in the previous quarter, and $216 million one year ago. BofA’s charge-off rate declined from the second quarter, from 5.59% to 5.13%, but remains significantly higher than last year’s 4.81%. Delinquency improved across the board. For the third quarter BofA’s delinquency (30+ days) improved to 5.29%, compared to 5.54% in the previous quarter, and 5.63% one year ago. For complete details on Bank of America’s 3Q/02 performance visit CardData ([www.carddata.com][1]).

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

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TRINTECH BUY-BACK

Trintech Group announced it remains committed to implementing its
previously announced program to buy-back up to $5 million of its shares and
will do so following approval of the Irish Takeover Panel. The company says
it is in the process of securing approval from the Panel to engage in a
buy-back of shares on the open market without triggering the requirement
for the largest shareholders to make a mandatory bid for the Company. One
such rule is that if the percentage ownership of a group of investors
acting in concert owning more than 30% of the share capital increases, the
connected investors may be required to make a mandatory bid for the
Company. John and Cyril McGuire, being brothers, are considered technically
to be acting in concert under the Takeover Panel rules and their relative
percentage ownership would increase as the Company bought back its own shares.

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