BNA & PAYMENTECH

Toronto-based BNA Smart Payment Systems is now certified to process credit and debit transaction through Dallas-based processor Paymentech. The BNA application runs on a Banksys “C-ZAM/SMASH” terminal, which has an integrated pin pad for the secure debit transactions, is certified for the retail industry. The certification is unique in that the application was developed in standard Java language. Most payment applications are developed in either proprietary or older languages. Also noteworthy, the application runs on a Banksys terminal, which features more current technology than the “gray box” Ethernet communications cards, WAP browser for Internet access and smart card compliance features like EMV. The terminal and application reads standard ABA magnetic stripe cards and ISO standard smart cards.

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Magic Evolution

SchlumbergerSema this week rolled out its “MagIC Evolution” POS terminals which extend the “MagIC” to support future e-payment programs. A dedicated e-payment application specific integrated circuit supports complex smart card-fuelled transactions, while up to 8MB of memory with firewall hardware ensures that payment and value-added service applications can co-exist securely. The “MagIC Evolution” platform includes the compact and mobile “MagIC X1000.” The new line also includes a GSM/GPRS version; the countertop “MagIC 6100” terminal with external PINPad; and the new compact, countertop “MagIC 5100” terminal with integrated PINPad. SchlumbergerSema has an installed base of 600,000 “MagIC” terminals worldwide. To date, SchlumbergerSema “MagIC POS” terminals are certified by FDMS Nashville, Vital Processing, NOVA, Paymentech, GPS MAPP, GPS NDC and FDR Omaha.

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Experian, ConsumerInfo.com, + Trilegiant

Experian and ConsumerInfo.com have signed a multi-year deal to provide online, direct-to-consumer credit-related products for use in Trilegiant’s “PrivacyGuard” branded credit protection service. Trilegiant s PrivacyGuard® currently provides paper-based credit-monitoring services to more than 5 million of its members through relationships with leading financial institutions and retailers.

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VT PAYMENT SOLUTION

Comstar Interactive has introduced the “VT PAYMENT SOLUTION” an Internet-based credit card processing service which gives customers the ability to set up recurring payments and auto charges that can be processed on a daily, weekly, biweekly, monthly or annual basis, perform batch processing for retail and e-commerce orders, and conduct pre-sale authorizations. A browser-based interface that allows customers to use a desktop computer Windows or Mac compatible for such credit card functions such as processing, authorizations, credits, returns, status and compilation of transaction data via the Web.

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MasterCard E-B2B

MasterCard is introducing an eB2B payment and transaction settlement solution which integrates MasterCard’s corporate payment solutions into the Xign “Payment Services Network.” The new payment platform will support a varied choice of card and non-card settlement options. The “XPSN” platform will allow the buyer to determine when to initiate electronic payment. The buyer will also have the capability to defer settlement of the payment based on pre-established rules and to pay using a MasterCard “Corporate Purchasing Card” or via a non-card option such as MasterCard “RPPS” or ACH. The MasterCard/Xign solution has been built to support accounts payable/accounts receivable systems for most of the common proprietary systems, including Oracle, PeopleSoft, SAP, J.D. Edwards, Microsoft Great Plains, GEAC, AMS, Lawson, Peachtree, QuickBooks and others. The XPSN platform will fully integrate MasterCard settlement options, and will provide MasterCard member financial institutions with a patent-pending solution. Benefits include: increased management controls by way of buyer-approved payments and scheduled/deferred payments; provision of Level III data; ERP/procurement integration; ability to incorporate validation/exception rules; low cost proposition to buyers’ suppliers to maximize supplier adoption; and, improved cash forecasting. MasterCard is targeting the nearly 30 billion paper checks manually written and sent by businesses in the USA annually with the new solution.

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Starbucks Card

Starbucks has added an automatic reload feature to its prepaid store card and has launched a promotion with VISA. The automatic reload enables customers to set a minimum balance threshold and when the account falls below the threshold, it is automatically replenished through the customer’s designated credit or debit card. Reloads can be made in any amount between $20 and $100 and can be setup online. In conjunction with the new feature, Starbucks is also launching the “Get an Extra Shot from Visa” contest. Between now and November 11th, VISA will randomly select five individuals who have signed up for the automatic reload option using their Visa card. The selected customers will receive a match of their first reload amount loaded onto their Starbucks Card. The Starbucks stored value card was introduced last November and to-date has activated nearly five million cards. Starbucks previously reported that it issued 2.3 million cards within the first six weeks of launch. Between Thanksgiving and year end 2001, customers loaded a total value of $32 million onto the new card and redeemed $9 million in 2.2 million transactions. (CF Library 1/25/02; 4/18/02; 7/10/02)

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AFD Renews AAMS

ABN AMRO Merchant Services, jointly owned by ABN AMRO North America and National Processing, have renewed a credit, debit and EBT card processing agreement with the Associated Food Dealers of Michigan. AFD provides information on state legislation, as well as “voicing” retailers’ concerns, and through its size has negotiated discounts on products and services that members would not be able to negotiate on their own.

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WIREFREE CABBIES

London-based SilverCab Services has formally launched mobile credit card payment terminals for London taxi drivers. The terminals, which run over the Orange network, have already been tested in 85 black cabs. SilverCab plans to install 5,000 units over the next 12 months. Of the 24,000 licensed taxi drivers in London, it is estimated that less than 20% currently accept any type of credit card payment. This terminal is provided free of charge to taxi drivers.cSilverCab says in the future the device could double as a mobile phone in order to obtain pick-up orders from taxi call centers.

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NETOBJECTS FUSION

California-based PayPal and Florida-based Website Pros have teamed to market the German version of “NetObjects Fusion 7.” The German version of “NetObjects Fusion 7” contains a PayPal wizard that allows Web site developers to open a PayPal account and quickly add sophisticated shopping cart functionality to their Websites, accepting all forms of payment including credit cards and bank transfers. The German release follows a successful US launch of “NetObjects Fusion 7” that also carries a version of the popular PayPal component. The software is currently distributed throughout Europe, Middle East and Asia through Website Pros partners such as 1&1 Internet AG, MicroBasic and Softline. The retail price of the software is 189 Euros. PayPal is now available to users in 38 countries including the USA.

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Infrared Pilot

Infrared-based proximity payment solutions are set to become a reality on the University of Southern California campus. The project, known as the “ZOOP Universal Mobile Payments Service,” is jointly sponsored by Harex InfoTech and the USC Marshall School of Business. Under the program, students and faculty at USC will use standard Handspring “Treo Communicators” equipped with a ZOOP payment application, Cingular Wireless service, and a virtual VISA card issued by the USC Federal Credit Union to make payments at infrared-enabled POS sites. USC’s Bookstore will be the first merchant in the U.S. to go live with this wireless payment method. Over time, the project will expand to permit payments at any location on the campus equipped to handle cash, checks, credit cards and/or debit cards. In its strategy to become a fully digital campus, USC plans to extend the capabilities of the service to include access services and coverage on and off campus. Harex also announced yesterday that CrossCheck has joined the program as a participant. Harex commercialized its service in Korea in April of this year.

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EURONET EXPANSION

Euronet Worldwide announced a major outsourcing contract and a reduction in operating profits for the third quarter. The new ATM five-year outsourcing agreement with a undisclosed, large global financial will add 230 bank-owned, Euronet-driven ATMs to Euronet’s network. The company recently similiar contracts with Bayerische Hypo-und Vereinsbank AG, ABK/USAID and Tatra Banka. Euronet also reported, that based on current results for July and August and projections for the remainder of the quarter, its operating profit for Q3 will be between negative US$500,000 and positive US$100,000. However the company expects strong revenue growth and improved operating profits in Q4, usually the company’s strongest quarter. The Q3 decline is due to the reduction in software revenue, depreciation expense primarily associated with moving Euronet’s European Operations Center to a new Budapest facility in August, and the roll out of ATMs.

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