e-Pay Secure Unveiled

ValiCert, Inc., a leading provider of secure solutions for paperless e-Business, announced ValiCert e-Pay Secure. This new solution features a suite of products and services designed specifically for banks, payment networks and payment processors to allow them to develop secure payment solutions for trusted corporate and consumer e-Payments. ValiCert e-Pay Secure addresses complex industry requirements, and is expected to streamline payment processes, improve productivity and reduce costs associated with manual payment methods.

ValiCert e-Pay Secure is ideal for institutions that partner with payment processors and for banks that are building improved payment systems, and supports a variety of e-Payment scenarios, such as Identrus Eleanor for conditional corporate payments, Visa-authenticated payments for consumer transactions and bank-to-bank settlement and check imaging. According to TowerGroup, the global banking industry spends approximately $10.8 billion worldwide annually on information technology for payments processing, which represents approximately 12% of the industry’s total current annual spending of about $88.8 billion. By adopting the ValiCert e-Pay Secure solution, enterprises will be able to leverage industry-leading products to enable trusted corporate and consumer payments online, and will also be ideally positioned to take the lead in the rapidly emerging trusted payments market.

“The financial industry recognizes that to remain competitive and control costs — and, at the same time, be mindful of their future growth and success — they need to maximize their use of trusted e-Payments technology,” said Yosi Amram, president and CEO of ValiCert. “By relying on the trusted services of ValiCert e-Pay Secure, banks and financial institutions can move more processes to the public Internet — such as traditional paper-based systems, electronic data interchange-based systems and private Internet Protocol-based networks. The result will be the ability to more easily exchange payments directly with consumers and with business partners.”

About ValiCert e-Pay Secure

The ValiCert e-Pay Secure family of products and services relies on the full range of industry-leading ValiCert offerings. The components of ValiCert e-Pay Secure include:

— ValiCert Transaction Authority — provides a platform for deploying secure XML payment protocols by guaranteeing secure routing and response to any backend financial and enterprise service request.

— ValiCert Validation Authority — delivers a high-performance, reliable and scalable transaction validation solution for digital certificates used in payment and business applications.

— ValiCert SecureTransport — offers a secure, reliable, enterprise-class file transfer for delivering batch payment files, settlement details, EDI and check images over the Internet.

— ValiCert Digital Receipts — provides electronic proof, archive and audit for payment transactions.

— ValiCert Document Authority — enables secure document delivery, sharing, storage, and digital signing for payment initiation, approval and other financial workflow processes.

— ValiCert Professional Services — on-site consulting and integration services, delivered by trained domain experts and practicing consultants.

“The lack of end-to-end, highly interoperable security platforms for online payments is one of the major impediments slowing the growth of e-Commerce,” said Neil Katkov, analyst with Celent Communications. “An integrated documentation and transaction solution that overcomes the problem of competing security protocols, such as the ValiCert e-Pay Secure offering, should go a long way to boosting adoption of e-Payments, particularly in the corporate sector.”

Features and Applications

Providing a secure infrastructure for secure payments for businesses and consumers is critical for banks, payment processors and merchants that desire to improve processes and reduce costs, while maintaining a high level of customer service and security. Because of its tightly integrated modular design, ValiCert e-Pay Secure can be deployed rapidly, enabling enterprises in the finance sector to more safely and easily engage in e-Payment transactions, while reducing the cost and risk associated with fraud, dispute resolution and paper-based processes.

ValiCert e-Pay Secure has been designed for banks engaged in, or planning on, implementing electronic payments initiatives. For each of these applications, ValiCert e-Pay Secure can be tailored to provide a unique solution to meet the demands and challenges of each market. These applications include:

Secure Consumer e-Payments: ValiCert e-Pay Secure is a critical component in secure consumer e-Payment systems. By leveraging the ValiCert Validation Authority, ValiCert SecureTransport and Digital Receipts solutions, banks and payment processors can authenticate, digitally sign, authorize, settle and archive payments. This allows banks to reduce Internet credit card fraud, and provides a platform for collecting and presenting detailed transaction information in XML format.

Bank-to-Bank e-Payments: ValiCert e-Pay Secure can be customized to include identity verification, payment instructions and settlement, and check-imaging activities for secure Bank-to-Bank e-Payments applications. The ValiCert Validation Authority and ValiCert SecureTransport solutions are used to validate digital credentials and transport batch payment and settlement instructions and move digitized check images between US banks. Identrus and SWIFT member banks have implemented ValiCert e-Pay Secure for similar applications.

Trusted Corporate e-Payments: ValiCert e-Pay Secure has been designed to integrate with many of the corporate e-Payments applications currently in use. IBM and Unisys are both currently building complete Eleanor solutions utilizing ValiCert e-Pay Secure infrastructure. These solutions will offer conditional payments and time-dated guaranteed payments features to banks and financial services organizations.

About ValiCert

ValiCert is a leading provider of secure solutions for paperless e-Business. ValiCert Global 2000 customers in financial services, healthcare, manufacturing and government sectors realize significant ROI from deploying ValiCert solutions to help migrate costly or inefficient business processes to the Internet, without losing any trust and security in the process. ValiCert’s family of products conforms to the guidelines of the e-Sign legislation and provides a secure, legal-grade environment for conducting online commerce.

ValiCert has technology and marketing alliances with a range of security, e-Commerce, systems integrators and application specific companies. With its products and services available through a worldwide direct sales force, resellers and global affiliate network, ValiCert is headquartered in Mountain View, California and has operations throughout the Americas, Europe and Asia. More information about ValiCert is available on the World Wide Web at [http://www.valicert.com][1].

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


ADS 3Q/01

Alliance Data Systems reported that third quarter revenue increased 19% to a record $200.2 million, compared to $168.8 million for 3Q/00. Transaction Services revenue rose 20% to $131.6 million compared to $109.3 million for the third quarter of last year. Credit Services revenue increased 7% to $69.1 million compared to $64.4 million for 3Q/00. Marketing Services revenue increased 16% to $53.4 million compared to $46.0 million for the third quarter of 2000. ADS noted that ‘Air Miles’ reward miles issued and redeemed each remain on pace for another year of double-digit growth. For complete details on ADS’ third quarter results visit CardData ([www.carddata.com][1]).

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



The floating-rate notes to be issued in MBNA Europe Bank Ltd.’s latest
securitization of U.K.-originated credit card receivables were today assigned
preliminary ratings.
The notes will be issued by special-purpose entity Chester Asset Receivables
Dealings 2001-A PLC in MBNA’s 13th visit to the market using as collateral
and MasterCard receivables on accounts owned by MBNA.

Chris Such, associate director at Standard & Poor’s Structured Finance Ratings
group in London, states that even though MBNA has completed 12 previous
transactions, this one is the first to use a new master trust structure.
“The U.K. Receivables Trust II, which has been modeled on the U.S. master
structure used in securitizations by MBNA’s parent, MBNA America Bank N.A.,
allows MBNA to take advantage of the advances made in master trust
structure in
the U.K. since the mid-1990s,” he said.

“A clear advantage of using the new master trust structure is its approach to
tackling the issue of stamp duty, which means for this transaction no reserve
for stamp duty was required. Another advantage is the transaction’s compliance
with U.K. regulatory framework.”

The ratings reflect the protection provided by various early amortization
triggers, the suitability of the servicer and back-up servicer to fulfill
roles in this transaction, the sound legal structure, and the sound payment
structure and cash flow mechanics of the transaction.

The strong protection for the noteholders provided by a combination of the
subordination of each class of notes and excess spread to cover credit losses
is a further key consideration.

A copy of Standard & Poor’s complete presale report for this transaction is
available on RatingsDirect, Standard & Poor’s Web-based credit analysis
at www.ratingsdirect.com. The report is also
available on Standard & Poor’s
Ratings Services Web site at
www.standardandpoors.com. Under Presale
select Structured Finance, then Asset-Backed Securities.


USWD Names Goff COO

U.S. Wireless Data, Inc., the leader in transaction delivery and gateway services for the payment-processing industry, has appointed Heidi R. Goff as president and chief operating officer.

Goff has a broad base of successful executive experience in the payment processing industry. This includes responsibility for building the MasterCard Automated Processing Program (MAPP), which, under her management, became one of the largest payment-processing platforms in the industry. Goff is replacing Christopher O’Hara, who has left the company to pursue other opportunities. “Heidi Goff is one of the most seasoned and well-respected professionals in the payment-processing arena,” said Chairman and CEO Dean M. Leavitt. “She has the maturity, experience, and skill set to take this company to new heights. Heidi also has a ‘take charge’ approach and a proven ability to run a payment-services business, allowing her to make immediate contributions to our wireless and landline products and services.”

Previously, Goff was president and chief executive officer of ExchangePath LLC, an Internet payments start-up company, which she launched in September 1999. The company closed in March due to the inability to obtain long-term financing. Prior to ExchangePath, Goff served in various senior management positions at MasterCard International. In 1996, she was appointed executive vice president at Global Payment Systems, a joint venture of MasterCard and National Data Corporation, where she managed operations that processed 2.7 billion credit and debit card transactions annually.

“I am very excited join the company that has brought wireless technology to the payments industry,” said Goff. “U.S. Wireless Data is changing the point of sale with faster transactions at lower costs, while opening new revenue opportunities for companies that provide payment services to merchants. It has been many years since there have been such new, innovative products and customer-focused services in credit card processing. I look forward to having a direct role in the forefront of this technology shift, as well as further enhancing and growing the company’s landline-based services.”


U.S. Wireless Data, and its subsidiary NXT, make credit card and ATM transactions work faster and more economically. USWD connects credit card processing companies to their merchant clients. Using wireless and landline technology, USWD provides improved transport, data translation, and value-added processing. In addition, by enabling wireless point of sale terminals, USWD adds speed and mobility that has been unachievable in the past. USWD now handles more than 500 million transactions each year through its centralized computer center and nationwide network. Further information is available at [www.uswirelessdata.com][1].

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


Metris 3Q/01

Despite problems at Providian, the sub-prime market is alive and well based on third quarter results released by Metris Companies/Direct Merchants Bank. The issuer, headed by former General Motors MasterCard executive Ron Zebeck, reported operating earnings for the third quarter of $70.7 million, a 46% gain over 3Q/00. The managed credit card loan portfolio increased by $880 million during the 3Q to bring total card loans to more than $11.0 billion. Metris also added more than 380,000 new credit card accounts to bring total accounts to 4.8 million. During the quarter, Metris acquired a portfolio from Provident Bank that included 130,000 total accounts and about $160 million in receivables. Credit card charge volume increased 24% to $2.6 billion in the third quarter, compared to $2.1 billion in the third quarter last year. The managed net charge-off rate was 10.7% for 3Q, compared to 10.9% for 2Q, and 9.8% for the third quarter of 2000. The managed delinquency rate was 8.9% at Sept. 30, compared to 8.3% at June 30, and 8.2% at Sept 30, 2000. For the third quarter, the managed net interest margin was 14.2% compared with 13.2% for the third quarter of 2000. For complete details on Metris/Direct Merchants third quarter results visit CardData ([www.carddata.com][1]).

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


ICBA & Certegy Extend

ICBA Bancard, Inc., the payment services subsidiary of the Independent Community Bankers of America, and Certegy Card Services, a division of Certegy Inc., jointly announced a three-year extension, through 2007, of Certegy’s payment processing services contract with ICBA Bancard. Under this contract, Certegy is ICBA Bancard’s exclusive partner for offering card processing and merchant processing services to ICBA Bancard’s member banks.

Through its contract with Certegy, ICBA Bancard processes for more than 2,000 community banks across the United States. This three-year contract extension, added to the three years remaining on the current term, ensures continuity and critical services support, by the two organizations, to the nation’s community banks. The terms of the contract provide for the continuation of Certegy’s full array of card products including credit, debit and merchant processing and support services. “The extension of this dynamic and long-standing partnership with ICBA Bancard demonstrates Certegy’s prolonged commitment to providing competitive, timely and quality card and merchant processing services to ICBA’s membership,” stated Larry Towe, executive vice president and COO, Certegy Inc.

ICBA Bancard and Certegy have been partners since 1985 for the purpose of providing card processing and marketing support services to community banks. During this time frame, ICBA Bancard, together with Certegy, has become a major player in the card services business with over 2,000 participating banks. This alliance has built the largest community bank card processing program — now servicing over 3 million cardholder accounts.

“The contract extension with Certegy assures that ICBA Bancard participants will continue to receive state-of-the-art processing services and cutting edge products and enhancements for many years to come,” said Bill McQuillan, chairman of ICBA Bancard and president and CEO of City National Bank, Greeley, Nebraska. “Our long-term relationship with Certegy is a testament to Bancard’s commitment to a stable processing environment for community banks.”

“At ICBA, we are sensitive to the servicing needs of our members. Because of our unique history with Certegy and their steadfast commitment to our industry, the contract extension will provide community banks with a technology partner that will work with them in the credit and debit card areas,” stated Kenneth A. Guenther, president and CEO of ICBA.

Throughout their sixteen-year relationship, ICBA Bancard and Certegy have allowed community banks to independently issue MasterCard and Visa card products to their customers. Over the period of this affiliation, new services have been introduced to community banks, including a full range of merchant services, marketing and enhancement products, and risk management tools to help reduce losses from fraud. In 1998, ICBA Bancard launched Total Card Management, a risk-free credit card option that allows community banks of all sizes to offer competitively priced credit card products while providing fee income to a bank. Certegy processes for Total Card Management.

About ICBA Bancard, Inc.

ICBA Bancard is a wholly owned subsidiary of the Independent Community Bankers of America (ICBA). Since 1985, ICBA Bancard has provided more than 2,000 community banks with equitable access to payment system products and services. In addition to ATM, credit and debit cards, banks have access to merchant services, retail insurance products, risk management services, Internet banking and marketing services. In 1998, ICBA Bancard created Total Card Management, a risk-free credit card option for community banks. For more information, visit [http://www.icbabancard.org][1].

About Certegy Inc.

Certegy provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to over 6,000 financial institutions, 175,000 retailers and 140 million consumers worldwide. Headquartered in Alpharetta, Georgia, Certegy maintains a strong global presence with operations in the United States, Canada, United Kingdom, Ireland, France, Chile, Brazil, Australia and New Zealand. As a leading payment services provider, Certegy offers a comprehensive range of transaction processing services, credit risk management solutions and integrated customer support programs which facilitate the exchange of business and consumer payments. Certegy employs over 5,800 associates in nine countries and generated $779 million in revenue in 2000. For more information on Certegy, please visit [http://www.certegy.com][2].

[1]: http://www.icbabancard.org/
[2]: http://www.certegy.com/


Court Update

Two important legal developments this morning: MasterCard has reportedly asked for a delay and modifications in last week’s ruling in the Government’s antitrust trial; and the Second Circuit Court of Appeals in New York has reportedly denied VISA’s and MasterCard’s appeal to reverse class certification in the Wal-Mart debit card suit. One week ago, the U.S. District Court for the Southern District of New York ruled against VISA and MasterCard in the Government’s antitrust lawsuit regarding the card associations’ exclusionary rules which prohibit members from issuing American Express or Discover cards. In a 157-page ruling, the judge said VISA’s bylaw ‘210(e)’ and MasterCard’s ‘Competitive Programs Policy’ weaken competition and harm consumers in a number of ways. In February, the Second Circuit Court of Appeals heard VISA’s and MasterCard’s appeal seeking to reverse Federal District Court Judge John Gleeson’s decision granting class-action status to an antitrust lawsuit filed in Oct 1996 by a group of retailers. The lawsuit, originally filed by Wal-Mart, Sears and eleven other retailers, contends retailers are victims of an illegal tying arrangement, under which merchants are forced to accept ‘VISA Check’ and ‘MasterMoney’ off-line debit cards under the associations’ “Honor All Cards” rule. Judge Gleeson’s decision in June 2000 to certify the lawsuit as a class action, opened the door for more than 4 million merchants to become a party to the litigation. (CF Library 2/24/00; 6/8/00; 2/5/01; 10/10/01)


Turnkey 3-D Secure Solution

Visa issuing banks and card processors now have a single source available to provide them quickly and easily with a fully compliant Visa Authenticated Payment solution. Compaq Computer Corporation and Arcot Systems, Inc., today announced a global partnership that will provide the first 3-D Secure compliant turnkey solution available to Visa’s 21,000 issuing banks and card processors around the world. Visa Authenticated Payment is designed to bring the same level of security to the virtual world as Visa has in the physical world by confirming to the e-merchant that the online buyer is the actual cardholder.

Visa’s Internet payment authentication process is based on the 3-D Secure interoperability standard and enables Visa card issuers to verify a cardholder’s identity in real time, during an online payment transaction, thereby bringing the online payment experience closer to that of a card- present or physical world transaction. The bundled solution features Arcot’s TransFort(TM) payer authentication product loaded on Compaq ProLiant(TM) servers. Compaq will sell the solution globally, license TransFort from Arcot for resale, then configure, deploy, support, and service the total solution through the worldwide network of 38,000 Compaq Global Services professionals.

“The combination of Arcot’s leading payer authentication software and our industry standard ProLiant servers backed by Compaq Global Services will deliver a simple but powerful, scalable and reliable solution for banks and card processors around the world,” said Gustavo Eichelmann, vice president of Compaq’s global financial services solutions group. “This announcement enhances Compaq’s comprehensive portfolio of solutions that we offer the financial markets and thus extends Compaq’s leadership position in the Financial Services Industry.”

“The Visa Authenticated Payment Program must work seamlessly 24/7, especially during peak shopping periods,” said Chet Silvestri, president and CEO of Arcot Systems. “Our proven TransFort software running on Compaq ProLiant servers and backed by Compaq Global Services worldwide will assure banks they can deliver the highest level of service to their cardholders.”

Arcot TransFort is the first solution to be named compliant by Visa’s Interoperability Labs for the Visa Authenticated Payment Program, and has been field-tested by banks and merchants worldwide for over 15 months. Compaq ProLiant is a reliable and scalable server platform that delivers flexibility and ease of ownership. The solutions will be deployed and supported through Compaq Global Services.

How It Works

When a customer enters their Visa card number in a Web checkout form and hits the buy button, a TransFort Merchant software module at the merchant site alerts a TransFort module (the TransFort software on a Compaq ProLiant server) at the card-issuing bank that someone is making a purchase using a Visa card that is enrolled in the program. The TransFort module at the bank then requests that the customer authenticate himself or herself by entering a pass- code (or other means of authentication) in an authentication screen that appears on the customer’s PC (PDA or mobile phone). Once authenticated, the bank notifies the TransFort merchant module that the cardholder has been authenticated. A receipt of this notification is archived for purposes of non-repudiation. This greatly reduces the merchant’s exposure to fraud and dispute. The Visa Authenticated Payment Program offers dramatic benefits in fraud reduction and increased confidence to the customer and merchant with virtually no change in the online purchasing process.

About Arcot

Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B extranets, Web portals and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot solutions to secure transactions, protect their customers’ privacy, and reduce fraud. For more information, visit [http://www.arcot.com][1].

About Compaq

Founded in 1982, Compaq Computer Corporation (“Compaq”) is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault- tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries. Information on Compaq and its products and services is available at [http://www.compaq.com][2].

[1]: http://www.arcot.com/
[2]: http://www.compaq.com/


HNC Cut Back

HNC Software Inc. announced its financial results for the third quarter ended September 30, 2001.

On September 29, 2000, HNC distributed to its stockholders all of its shares of its former subsidiary, Retek Inc. Accordingly, unlike its year ago quarter ended September 30, 2000, HNC’s financial results for the third quarter of 2001 do not include or reflect Retek’s operations.

HNC Pro Forma Results Excluding Retek Revenues for the third quarter of 2001 were $59.1 million, representing an increase of 15 percent over revenues of $51.4 million excluding Retek for the third quarter of 2000.

Diluted operational net income for the third quarter of 2001 was $0.14 per share, compared to diluted operational net income for the third quarter of 2000 excluding Retek of $0.10 per share, representing a 40 percent increase over third quarter 2000. (See footnote Nos. 2, 3, 4 and 5 on the following table entitled, “Selected Pro Forma Financial Data, Excluding Retek.”) HNC Actual Consolidated Results Revenues for the third quarter of 2001, which excluded Retek, were $59.1 million. Revenues for the third quarter of 2000, which included Retek, were $77.8 million. Diluted net loss for the third quarter of 2001, which excluded Retek, was $6.5 million, or $0.18 per share. Diluted net loss for the third quarter of 2000, which included Retek, was $78.5 million, or $2.71 per share. “While business slowed in the quarter I am encouraged by the resiliency HNC has demonstrated in a rather depressed business environment. I’m confident that our solid customer relationships, value-added software solutions, deep technology portfolio and strong balance sheet will allow us to weather these times and continue our long-term growth initiatives,” said John Mutch, chief executive officer, HNC Software.

In response to deteriorating economic conditions and in order to better position the company for enhanced long-term growth and profitability, HNC has reduced its workforce by approximately 5 percent, effective as of October 16, 2001.

About HNC Software Inc.

HNC is a leading provider of high-end analytic and decision management software that enables global companies to manage customer interactions by converting data and customer transactions into real time recommendations. HNC’s proven software empowers Global 2000 companies in the financial services, insurance, telecommunications and other industries to make millions of the right mission-critical customer decisions designed to increase revenues and decrease risk. For more information, visit [www.hnc.com][1].

For complete details on HNC’s 3Q results visit CardData ([www.carddata.com][2])

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


Tidel ATMs

Tidel Technologies reported this morning that it sold 912 ATMs during the quarter ending Sept 30th, a 37% increase over the 666 units sold in the previous quarter. Neither quarter included any shipments to Credit Card Center, formerly Tidel’s largest customer which has filed bankruptcy and discontinued operations. For the full fiscal year 2001, Tidel sold 6,248 ATMs, consisting of 3,909 units to non-Credit Card Center customers and 2,339 units to Credit Card Center, all of which were sold in the first quarter of the year. Tidel says that July and August were strong months but coming into September, order indications from customers were strong; however, this business did not materialize after the events of September 11.



Amex Bank of Canada introduced the
first no-fee, cash rebate Credit Card for Small Business in the Canadian
marketplace. Called the American Express Business Card, it is the fourth in
Amex’s family of small business products and services.

Over the past few years, Amex Canada’s small business Cardmember base has
grown by more than 40%, with spending almost three times higher than on its
consumer Cards.

The Business Card joins the growing suite of small business products in
Canada including the American Express-Costco Corporate Card for Small
Business, American Express AIR MILES Gold Business Card and American Express
Corporate Card for Small Business.

“Clearly, this is an important growth area for American Express in Canada
and around the world and represents an opportunity to combine our marketing
and product development expertise to give small business owners the tools they
need to run their business,” says Debra Ambrose, Director of New Product
Development at American Express. “Entrepreneurs are a unique market group and
getting to know their needs has been key to the growth of Amex’s small
business portfolio.”

Ambrose notes that American Express research indicates that entrepreneurs
want a Card that will give them more control over the costs of running a
business. At no annual fee and an annual cash rebate up to 2%, the American
Express Business Card gives Small Businesses more for less.

“With features like the option to purchase Health and Dental plans for
themselves, their families and employees we are designing Card products that
can play a number of roles to help the small business owner,” adds Ambrose.

Other Card features include:

– An introductory 6.9% interest rate on balance transfers
for the first six months
– Automatic enrollment in a Small Business disability plan
with security of up to $50,000
– Up to $100,000 in travel accident insurance
– Option to purchase annual management reports to help track
and streamline expenses
– Online account management

This new Canadian card product is the first to sport a fashionable new
look for the American Express Card, with a modern, cutting edge appeal.

American Express in Canada operates as Amex Bank of Canada and Amex
Canada Inc. Both are wholly-owned subsidiaries of the New York based American
Express Travel Related Services Company, Inc., the largest operating unit of
American Express Company, which provides a range of financial and travel
related services for consumers and companies. Amex Bank of Canada is the
issuer of American Express Cards in Canada. Amex Canada Inc. operates the
Travel Service Network, Corporate Travel and Travellers Cheque divisions in
Canada. Amex opened its first offices in Toronto and Hamilton in 1853 and now
employs 3,700 Canadians coast to coast.


ICE Functionality

Hypercom Corp., the world’s leading provider of electronic payment solutions and Atrana Solutions, a leading provider of point-of-sale software solutions, Tuesday announced that Atrana will create customized software applications to expand the functionality of Hypercom’s ICE information and transaction platforms in prepaid services, electronic benefits transfer, sports licensing and other markets not traditionally associated with point-of-sale terminals. “Hypercom’s ICE provides an excellent platform for supporting both traditional point-of-sale applications and other applications which are not directly associated with card payments. Hypercom has provided a robust suite of tools for developing these applications with its HyperWare development environment, VHDT (HyperWare Visual Developer’s Toolkit).

“These terminals and development tools enable Atrana to create exciting new applications for markets not traditionally associated with point-of-sale terminals,” said Alem Boukadoum, executive vice president, Atrana Solutions. “We are partnering with Atrana to bring secure, innovative, revenue-generating and time-saving applications to the point-of-sale market and beyond, and Atrana is strongly positioned to help us do just that,” said Kathy Crumley, Hypercom’s vice president, VAR Relations. “Atrana is recognized as a leading development organization that moves quickly to meet its clients’ needs with innovative and high-quality software systems.”

Hypercom’s epic (ePOS-infocommerce(TM)) ICE devices are compact, high performance, touch screen information and transaction platforms. ICE platforms incorporate physical security features and Hypercom’s TranSafe(TM) operating system that integrates firewall-protected, multi-tasking, multi-applications functionality, along with EMV chip card capability, a secure PIN pad, built-in HTML/HTTP Web browser, and integrated receipt printer.

In addition to the secure payment applications, Hypercom’s ICE information and transaction platforms support a range of value-added applications and services including: electronic signature and receipt capture, e-mail, on-screen advertising, interactive electronic coupons, and cash management reporting through a standard browser — as well as secure credit, debit, EBT and smart card functions.

About Atrana

Based in Dallas, Atrana is a leading provider of point-of-sale (POS) card payment terminal software and systems to retailers, transaction processors and stored value providers.

The company’s broad expertise in POS systems, back-end transaction servers and retail integration enables it to offer its clients complete technology solutions for credit, debit, fleet, loyalty, prepaid, gift card, and other transaction-based services. Atrana understands that quality systems and on-time delivery are critical for the success of its customers’ initiatives. Atrana’s customers include many of the industry’s largest transaction processors and service providers. Atrana’s Internet address is [http://www.atrana.com][1].

About Hypercom

Hypercom Corp. is the leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers, and yield increased profitability for its customers.

Hypercom’s products include secure Web-enabled information and transaction platforms that work seamlessly with its networking equipment and software applications for e-commerce, m-commerce, smart cards and traditional payment applications.

The company’s widely accepted ePOS-infocommerce(TM) (epic) framework of consumer-activated, EMV-certified, touch-screen ICE (Interactive Consumer Environment) platforms enable acquirers and merchants to decrease costs, increase revenues and improve customer retention.

Headquartered in Phoenix, Hypercom is independently acknowledged as the leading provider of point-of-sale information and transaction platforms worldwide. Demand for Hypercom’s platforms surpassed 1 million units last year alone. Hypercom today maintains an installed base of more than 4 million platforms in over 100 countries which conduct over 10 billion transactions annually. Hypercom’s Internet address is [http://www.hypercom.com][2].

[1]: http://www.atrana.com/
[2]: http://www.hypercom.com/