WebSentry Family

Thales e-Security’s WebSentry family offers system integrators and application developers new levels of flexibilty and scalability as well as the highest degree of protection for electronic applications operated across open networks.

WebSentry is a family of hardware cryptographic processors that support e-Business application security requirements, including transaction protection and digital signatures.

WebSentry PCI and Ethernet devices are cost-effective security solutions providing the cryptographic functionality necessary to support Internet applications. Reducing the risk of fraud for e-Business transactions, the WebSentry family seamlessly integrates into the application and employs the latest techniques in cryptography to provide, at a competitive price, a flexible means of conducting business as well as purchasing goods and services over public networks.

The architecture underneath the WebSentry Security Platform is capable of supporting the security and operational needs of e-Business applications. By using WebSentry, significant performance improvements are achieved in the provision of service over the Internet. The e-Business application servers can offload the burden of cryptographic key management and operations to the WebSentry devices and concentrate on service delivery.

The WebSentry PCI and Ethernet devices can be combined logically, thus offering a fully flexible clustered architecture for the application server. At the centre of the architecture, the WebSentry Resource Manager manages the traffic between the devices, totally transparently to the calling application. The WebSentry architecture also provides a totally automated key management system within a cluster of devices, guaranteeing that keys are automatically replicated between devices of a same cluster. Redundancy is also provided inside a cluster of WebSentry devices, thus adding to the systems’ inherent reliability.

The WebSentry architecture offers a scaleable base for developing and supporting e-business solutions with the ability to add new devices as and when the performance needs of the application grow, with no need to change the calling software. The WebSentry family meets the needs of small businesses and multi-national corporates alike handling numerous transactions per second securely and reliably.

Tamper-resistant and tamper-evident, The WebSentry devices provide the highest level of physical and cryptographic security. The platform’s “SafeGuard” Security Subsystem (SGSS) is certified by NIST and the Canadian Security Establishment to be compliant with FIPS 140-1 Level 4. The FIPS 140-1 standard is applicable to all US and Canadian Government agencies using cryptographic devices to secure transactions and communications. The standard is also globally recognised in financial and business markets.

Integration of the WebSentry platform into e-Business applications is seamless. In addition to the comprehensive installation and management tools, a cryptographic Application Programming Interface(APIs) compliant with the PKCS#11 standard is available for interfacing to e-Business systems and applications. For applications that do not meet the PKCS#11 standard, the WebSentry interface can be tailored to support customised functions, without jeopardising the high levels of security and flexibility of the platform. These benefits, the ability to implement custom algorithms and the upgradability of the WebSentry devices secures the service provider’s investment extending the useful life of the platform.

Thales e-Security provides e-business security solutions to several thousand customers worldwide. Over half of the world’s banks, together with the majority of the busiest exchanges, currently use Thales e-Security technology. Operating in three main markets covering e-security, card payment and network security, Thales e-Security addresses the business security needs of corporates and governments alike. For more than 20 years the company has been at the forefront of security and payment technology, co-operating and contributing to set the industry standards used for financial transactions and e-commerce globally.

Thales is one of Europe’s largest professional electronics groups and a world leader in three areas: Aerospace, Defence, and Information Technology & Services. Thales now has close to 65,000 employees worldwide and in 2000 generated revenues of ¬ 8.6 billion.

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IDshield VPA

Safewww, Inc. announces that its IDshield two-factor authentication software supports the Visa Payer Authentication service, based on the Visa 3-D Secure interoperability standard.

Visa Payer Authentication is the basis for Verified by Visa, an e-commerce program designed to reduce the risk of unauthorized use of cardholder accounts, making Internet shopping safer for both buyers and sellers. Safewww gives financial institutions adopting Verified by Visa a simple and seamless technology to provide improved protection for Web merchants and Visa cardholders from online fraud.

Verified by Visa gives consumers a safer online shopping experience by adding a layer of security that helps to reduce fraudulent use of Visa card numbers on the Internet. The process enables Visa card Issuers to validate the identity of their cardholders in real time, during online payment transactions. Verified by Visa is designed to increase confidence of consumers and merchants in electronic commerce, resulting in increased online sales for Visa’s participating merchants and reduced disputes and fraud.

“An important goal of ours is to ensure that our cardholders are confident and secure while engaging in e-business, and to provide participating banks with a variety of vendors to make Verified by Visa a flexible turn-key solution for Visa Issuers,” said Jim McCarthy, senior vice president at e-Visa, a division of Visa U.S.A. “We are pleased that Safewww has chosen to support Visa Payer Authentication in its IDshield authentication technology.”

Cardholders will be able to register for Verified by Visa beginning Fall 2001. Each time a consumer makes a purchase at a participating online merchant, they are automatically presented with a pop-up window where they enter a personal password that is their online “signature” for web purchases. By incorporating IDshield into its authentication system, card Issuer’s can authenticate the identity of cardholders using a “hardware signature” taken from the user’s PC or laptop.

“IDshield is a great addition to Verified by Visa, providing easy to deploy strong two-factor authentication,” said Kenneth Bob, president and CEO of Safewww, Inc. We are looking forward to helping Visa with the goal to increase confidence in using its cards to make secure online payments.”

About Safewww, Inc.

Founded in 1999 by Israeli Internet security entrepreneurs, Safewww, Inc. provides strong two-factor authentication for secure online access, payments and transactions. With corporate headquarters in the U.S. and a research and development center in Israel, Safewww has established strategic alliances and received investment capital in the U.S., Israel, Spain, China, Japan and Argentina. Its target online markets include financial services, ePayments, B2B exchanges, digital content, secure access and gaming. IDshield patent pending authentication is unlike any other method available. It requires no additional hardware tokens or readers, is completely transparent to the end-user and easy to integrate with the existing provider applications. For more information please see Safewww’s Web site at [http://www.safewww.com][1].

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

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HomeLink

FleetBoston announced yesterday it now has the highest penetration (44%) of online banking customers of any bank in the nation, as a percentage of its bank card customer base. It is expected that enrollment for online banking services and online access to credit card accounts will jump in the fourth quarter driven by anthrax mail scare. Fleet’s ‘HomeLink’ service has now enrolled its two millionth customer, and is signing up more than 80,000 new online customers per month. Fleet says ‘HomeLink’ has over five million customer logins per month. MBNA reported earlier this month that its Web site now serves more than 4.8 million cardholders. Through September 30, more than 2.7 million MBNA customers enrolled to use NetAccess, MBNA’s online service, including 540,000 in the third quarter.

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DoD Smart Cards

The U.S. Department of Defense confirmed Monday it will begin distribution of smart cards in November to active duty personnel, reservists and the National Guard at 900 DoD sites worldwide. EDS said it will shortly begin delivery of 600,000 ‘Common Access Cards’ manufactured by SchlumbergerSema. The smart cards will provide users with access to DoD sites and enable them to use DoD networks and computer systems. EDS Systems have issued more than 100,000 smart cards for DoD to date, with up to 4 million additional cards expected to be issued over the next two years. Through the Defense Manpower Data Center, the DoD has purchased the new CACs under an existing contract.

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Concord EFS 3Q

Despite the down-shift in the economy during the third quarter, Concord EFS reported that 3Q/01 net income rose 62%, from $50.2 million for 3Q/00 to $81.5 million. The company also reported third quarter revenues of $437 million compared to $364 million in the third quarter of 2000, a 20% increase. Concord is continuing to focus on cost control. Its data centers in Atlanta and Maitland both moved into new facilities, and the North Olmsted data center was closed and consolidated into the Wilmington data center earlier this month. Concord also closed a card production facility in Maitland and consolidated all Network Services card production into a single Wilmington-managed service. For complete details on Concord EFS’ 3Q/01 results visit CardData ([www.carddata.com][1]).

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

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Hypercom’s 3Q/01

Hypercom reported this morning that revenues for the third quarter were $71 million compared to $76 million in the year-ago period. The company said the September quarter was impacted by the temporary suspension of air shipments following September 11. However, Hypercom also reported a net loss was $2.4 million, compared to a net loss in the year-ago period of $21.6 million. The company’s backlog remains currently totals $158 million. The company recently shipped its 300,000th ‘ICE’ terminal and is now expanding ‘ICE’ terminal applications into non-traditional uses. Hypercom says the company anticipates revenues for the fourth quarter to be in excess of $80 million. For complete details on Hypercom’s 3Q/01 results visit CardData ([www.carddata.com][1]).

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

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Stock Dive

The October rebound experienced by some credit card issuers was short-lived as the stock market taketh away yesterday in anticipation of more negative economic news this week. The erosion in stock prices will likely continue today with the release of the latest Consumer Confidence figures. Yesterday, Capital One gave up 3.5% while American Express and MBNA lost around 2.5%. Among gainers yesterday was Providian and NextCard. However, Providian, slammed with three more shareholder suits, is hovering around $4 per share. NextCard, set to release its 3Q/01 report on Thursday, is trading up by 2%. Gross domestic product figures are due out tomorrow and on Friday the October employment report will be released. This week’s economic barometers will affect the final holiday spending forecast and projections for fourth quarter credit card charge volume.

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CheckFree Patent

CheckFree Corporation has been awarded an additional patent by the USPTO in the domain of electronic billing and payment technology and processes, focusing specifically on various aspects of electronic billing. The patent was issued on September 11th. The company holds more than 100 issued, licensed and pending domestic and foreign patents in the arena of financial electronic commerce services and systems.

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ANZ SMART CARDS

ANZ Bank is set to launch nearly four million smart cards in December. As
part
of the launch, ANZ is expected to have converted more than 14,000 ATMs to
support smart card transactions. The ‘ANZ smart VISA’ card will most likely
take over the smart card leadership position in Australia from American
Express. In July, American Express announced the launch of ‘Blue from American
Express’. This month ‘Blue’ launched a program to cardholders access to extra
benefits, discounts and special offers at a range of participating shops. The
program will be available initially from the following retailers: Aquila,
Blue,
Central Station Records, Collins Booksellers, JB HiFi, Lush Flowers,
Morrissey,
Oroton, Oyster, Polo Ralph Lauren, Roses Only, Sony Central, and Timberland
Australia. Cardholders will simply insert their card into in-store readers to
access bonus offers and discounts of up to 20% off. So far, AmEx has issued a
few thousand smart cards.

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Online Boon

Badly shaken by the September 11th events, consumer confidence is rebounding significantly based on the findings of a special Yahoo!/ACNielsen Internet Confidence Survey. The use of the Internet is also growing significantly in the wake of the tragedies. In the Northeast, the region hardest hit by the tragedy, the Index level is up 34 points, a dramatic increase since the last survey which was fielded just before September 11. Overall, the Index jumped nine points in the six-week period between the early September edition and the October special edition of the study. The Index also found more Internet users nationwide plan to shop online during the fourth quarter (60% versus 54%) and will spend $1 billion more on holiday related spending ($12.4 billion) than previously projected. Even with security issues dominating news headlines, 84% of Internet users firmly reject the notion that they intend to shop online due to concerns about shopping in large public places. Instead, the findings confirm that users’ now have increased levels of comfort with the online medium as they turned to the Internet as never before for news updates and communication services.

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Global Names McWey CMO

Global Payments Inc. Paul R. Garcia, president and CEO of Global Payments Inc., announced the appointment of Jeffery Charles McWey to the newly created position of Executive Vice President, and Chief Marketing Officer.

McWey most recently served as non-executive Chairman of the Board for Damian Services Corporation, a leading financial services provider to the temporary agency industry. McWey is also a director of The Outsourcing Institute, Inc. and has held senior executive officer positions with Equifax and The Dun and Bradstreet corporation.

McWey will be responsible for the company’s global sales and marketing activities. His history of success in growing revenue and maximizing profitability in financial service-related industries will reinforce Global’s business development strategy.

“In announcing the McWey appointment, Garcia commented, “Jeff’s extensive executive management expertise as well as his proven strategic and business skills, makes him a strong fit with Global’s future direction. We are very pleased to have Jeff join Global and I am confident that he will be an important contributor in executing our aggressive growth strategies.” Commenting on his new position, McWey said, “I am extremely excited about taking on this new role with Global Payments. I see tremendous opportunity for the company to further expand market share,” he added.

Global Payments Inc. is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada and the United Kingdom. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services.

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