LASERCARDS

Drexler Technology Corporation, as a subcontractor, has received a
US$7.4 million order for its LaserCard multi-biometric ID cards from U.S.
Immigration and Naturalization Service and U.S. Department of State. U.S.
Department of State “Laser Visa” cards are used by more than five million
frequent visitors from Mexico for crossing the border, allowing travel up
to 25 miles into the states of Arizona, California, New Mexico, and Texas
for 72-hour visits for shopping and other consumer activities. Under the
U.S. government subcontract, awarded to Drexler in June 2000 for up to 24
million “LaserCard” optical memory cards, approximately 11,320,000 cards
have been ordered thus far under seven purchase orders, including the
latest order. The LaserCard optical memory card is capable of recording and
storing up to 2,800 kilobytes (2.8 megabytes) of digital data.

Details

TransFort 5.0

Arcot Systems released version 5.0 of its popular “TransFort” payment authentication solution which supports all aspects of the “Verified by Visa” and MasterCard “SecureCode” programs. “TransFort 5.0” provides a full set of options for authentication and administration issuers of credit and offline debit cards. The options range from simple passwords to smart cards to “ArcotID” software smart card. “TransFort 5.0 for Merchants” is designed for use in-house at individual merchants, at merchant acquiring gateways, and with hosted payment service providers. “TransFort 5.0 for Payment Organizations” includes directory servers and authentication verifiers that route messages from merchants to issuers.

Details

Triton Waves

In December, Triton ATM users will have the ability to make Western Union money transfers, buy prepaid wireless phone minutes and cash government or payroll checks. “Triton Waves” includes three service partners: Western Union, Euronet’s “PaySpot” prepaid wireless phone recharge and Cashworks check cashing services. MS-based Triton says it will be adding additional bundles of services to the “Triton Waves” offering in coming months. “Triton Waves” is an acronym for “Triton with added value enabled services.” Triton is the largest provider of off-premise ATMs and ATM management software in North America and has more than 70,000 installations in over 17 countries worldwide.

Details

IFS TPII

Moscow-based Progressive Systems & Technology has signed an agreement for
ten TPII licenses from NY-based IFS International. PS&T is a provider of
payment and debit card solutions to banks
within the Russian Federation and Commonwealth of Independent States. PS&T
customers include the Union Card group which is the largest debit card
operating throughout the Russian Federation with more than 300 member
banks. IFS also announced the opening of a production services center in
Moscow.

Details

Net.Pay

Sallie Mae’s new EBPP solution, “Net.Pay,” is picking up steam among colleges and universities across the country. More than one hundred campuses at 42 colleges and universities are now using “Net.Pay” products and services. The “Net.Pay” suite enables students and alumni to make secure Internet payments using a credit card, debit card or ACH debit. The solution also features: electronic bill presentment and payment, lockbox and statement processing services, storefront technology, pay-by-phone capabilities with interactive voice response and tuition payment plan. The “Net.Pay” suite also gives students and their families the ability to schedule payments in advance and receive counseling on payment options. Institutions which have recently implemented “Net.Pay” products and services include: Emerson College, DePaul University, Missouri Western State College, University of Central Arkansas, University of Colorado, University of Louisiana, University of Richmond, and SUNY-Utica.

Details

MasterCard Promotion

MasterCard has launched a “Vote For Your Vette” promotion in conjunction with the Corvette’s 50th anniversary next year. Corvette MasterCard users and online visitors will have a chance to win a 2003 “50th Anniversary Corvette” and a trip to the “Corvette 50th Anniversary” celebration. Corvette MasterCard users will be automatically entered on card for purchases of ten dollars or more until April 30th. Online visitors simply need to vote for their favorite model to enter. Consumers will be vote from all 50 model years. The most popular model will be used on a special commemorative (Household Bank-issued) MasterCard. As part of the celebration, Household is also offering the first-ever GM officially licensed “Corvette MasterCard.”

Details