PayPal Sweden

Tradera.com, Scandinavia’s largest Internet-based auction site, has integrated PayPal into its site. This is the first Swedish online auction site to offer PayPal’s secure payment method. Tradera generates over 50,000 transactions monthly. Tradera has over 115,000 active auctions and more than 217,000 members. PayPal has more than 17 million member accounts worldwide in 38 countries. More than $3 billion was sent through the PayPal network in the first half of 2002.

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AmEx Merchant Head

American Express has named Bill Glenn to the position of President, Establishment Services North America replacing Steve Squeri who is now President of the Global Commercial Card unit of American Express Global Corporate Services. Mr. Glenn will be responsible for overseeing all aspects of the company’s relationships with merchants that accept the American Express Card in Canada and the U.S., including acquiring new merchants and maintaining positive relationships with American Express’ current merchant base.

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Target & Amazon

Target has teamed with Amazon.com to launch a comprehensive Web site offering millions of products under the Target, Marshall Field’s, Mervyn’s and Amazon.com brands. Target.com is also using Amazon.com’s e-commerce technology platform including personalization, product recommendations, search functionality across all stores, “1-Click” shopping, and one convenient checkout incorporating all stores. In addition to Web site technology services, Amazon.com will also provide order fulfillment and guest services for target.com. Target has become one the nation’s “Top 25” bank credit issuers as VISA receivables topped $2 billion as of May 4th. Since the launch of the smart VISA program in September 2001, Target has issued more than 6 million cards, becoming the largest issuer of smart VISA credit cards in the nation and the second largest issuer of general purpose smart credit cards in the USA. Target says it will have smart card readers installed in all stores by the end of this month. The company plans to make e-coupons available to smart VISA card customers by the Christmas holiday shopping season.

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Vital Check Imaging

Vital Processing Services has added check imaging to its POS Check Service offering. Vital’s POS Check Service with Imaging captures the entire image of the check as well as consumer identification information such as name, address and telephone number. In the event of check re-presentment or MICR misread, Vital’s Imaging Solution enables merchants, acquirers or third-party check processors to retrieve the original check image quickly and easily.

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CTST 2002

Thomson Media announced that its “CardTech/SecurTech” conference/exhibition will be held November 18-20 in Washington, D.C. The 2002 CardTech/SecurTech ID Conference & Exhibition: Identification Technologies for a Secure World, sponsored by the U.S. General Services Administration (GSA), will focus on the critical ID initiatives facing the government community, from heightening homeland security to creating more secure ID cards for building or network access.

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Humboldt Financial Update

Humboldt Bancorp restated its financials from 1999 onward after reviewing contracts related to the sale of its merchant bank card portfolio which showed that certain compensation expense related to incentive agreements with two employees should have been recognized over each employee’s service period and not just at the time of a sale. The expected effect of this adjustment will be to increase the after-tax gain on sale from $18 million to $21 million and allocate $4.6 million of pre-tax compensation expense into prior periods.

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CyberSource C# Component

CyberSource announced availability of a new native C# component designed to simplify integration of CyberSource electronic payment processing services into a Web services environment built with Microsoft .NET technologies. The native C# component gives businesses fast access to CyberSource’s leading payment and fraud detection services, as well as geolocation, tax calculation, and export compliance. The CyberSource Payment service works behind the scenes to authorize and settle electronic payments, including credit, debit and procurement card and electronic check transactions, through built-in connections with third-party processors and merchant banks.

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WebPayService

FL-based PSCU Financial Services announced the release of “WebPayService” for credit unions. The new service can be offered to CU members with no upfront cost. PSCU implements the credit union-branded site in less than 30 days. And to help the credit union promote the service, the company provides collateral marketing support materials, including inserts, posters, and newsletter articles. To-date, twelve credit unions have implemented “WebPayService.”

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Pop Payments

U. S. Wireless Data and PepsiAmericas are deploying Pepsi vending machines in Chicago that accept credit cards. Initial plans will place as many as 80 new machines at Navy Pier and Woodfield Mall. The machines are an expansion of the wireless vending initiative that Pepsi started in Memphis last January. It addition to providing more options for payment, the new technology also connects vending machines to a wireless network, allowing the Pepsi bottler to go online and view real-time vending machine status. USWD now handles more than 600 million transactions each year through its centralized computer center and nationwide network.

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CELLBUCKS USA

Ontario-based CellBucks has launched a new program that enables sports fans to order and pay for food and beverages from their cell phones and have it all delivered right to their seats. The company has sealed its first deal with the Bowie (Maryland) Baysox and Ovations Food Services, the concessionaire at Prince George’s Stadium in Maryland. The new CellBucks payment system is compatible with any type of cell phone on any cellular service provider’s network. The new service will be available for fans seated in reserved or field box seats of the stadium. Users need to visit the CellBucks Web site to register and provide some basic information and a credit card number. Members will instantly be given a personal pass code for immediate use of the service. CellBucks says it is partnering with major restaurant chains to provide efficient ordering for home delivery and drive-through. The service will enable consumers to access menus online and pay via cell phone. Patrick Bird is the founder, president and CEO of the new firm. Bird was the founder and former CEO of Isolation Systems Limited, and developed and deployed first commercial VPN in partnership with Cisco Systems.

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Canadian Tire 2Q/02

Canadian Tire Financial Services reported that its “Project Accelerate” program to convert retail credit accounts to “Options MasterCard” continues to drive receivables growth. Approximately 230,000 new “Options MasterCards” have been issued so far this year. The number of Canadian Tire MasterCard accounts increased to 2 million by the end of the second quarter, up 57.3% from the end of the same period last year. At the end of the second quarter, gross credit card receivables at CTFS were $1.6 million, a 31.4% improvement over the comparable quarter last year. “Options MasterCard” receivables grew by 113.2% due primarily to higher sales and average balances from the conversion program. At the end of 2Q/02, MasterCard receivables represented 78.4% of the total credit charge receivables. During the balance of 2002, the final group of qualifying retail card accounts will be converted to MasterCard and all in-store account acquisition programs will be converted from retail card to MasterCard. In this wave of conversions, approximately 186,000 additional retail card accounts and $56 million of retail credit charge receivables are expected to be converted to MasterCard. For complete details on Canadian Tire Financial Services 2Q/02 performance visit CardData ([www.carddata.com][1]).

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

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GEMPLUS CRM

Gemplus Support Technology Labs has gone live with the first phase of the implementation of Onyx Software Corp.’s CRM solution. Although the initial rollout took place in Germany and France, Gemplus plans to eventually implement the Onyx CRM solution at 37 worldwide sites, including China, Singapore and the United States. Gemplus says Onyx was chosen as the system of choice because of its ability to offer a Web-based platform for the .NET solution. Gemplus also says the company needed a system to provide a holistic view of all customer support and service interactions, enabling each business unit to log and track support incidents. In addition, the software needed to be easy to tailor, easy to use and easy to understand for support personnel, as well as include the capability to use the secure Internet as a standardized data communication infrastructure.

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