GLOBAL CORPORATE CARDS

MasterCard and Card Tech Limited, a payment card systems and solutions provider headquartered in London, have teamed to develop a software solution that will offer MasterCard member financial institutions extended global capabilities for their MasterCard Corporate Card programs. The agreement will enable MasterCard’s Corporate Card issuers to provide detailed reporting capabilities, such as line-item detail, travel records, lodging, purchasing and sales tax information in local denominations from many global markets. MasterCard card programs that will benefit from the agreement include the MasterCard Corporate Card, the MasterCard Corporate Purchasing Card and the MasterCard Corporate Multi Card.

As part of the agreement, CTL will enhance its current commercial card functionality to provide customized software systems and international corporate card processing support for MasterCard’s Corporate Card-issuing institutions. As a result, MasterCard Corporate Card issuers will be able to offer extensive integration with MasterCard’s existing data management tools, such as MasterCard Smart Data OnLine, in markets around the globe.

Additionally, MasterCard’s agreement with CTL will permit corporate card administrators enhanced capabilities for multi-level authorization control, centralized/individualized billing requirements, as well as purchase reporting functionality. For example, the solution from CTL will enable MasterCard member institutions to provide card programs with multi-dimensional reporting hierarchies for customized data delivery, helping to conform with strict budgetary controls found in many corporations.

Other benefits for the member financial institution will include features to block merchant category codes according to specific types of merchants and enhanced risk control through the ability to monitor risk exposure on a divisional or individual basis.

“The relationship with CTL translates into significantly expanded capabilities and service offerings for MasterCard, its issuers and their corporate clients in the global marketplace,” said Steve Abrams, Corporate Payment Solutions, MasterCard International. “Our combined efforts with CTL will arm MasterCard members around the world with one of the most comprehensive and flexible corporate card programs in the industry. Now, more than ever, MasterCard will deliver to cardholders an unparalleled level of service in data delivery, acceptance and support.”

Through CTL, MasterCard financial institutions will receive full life-cycle support offered through fast-track implementation, integration, certification and training for the configuration of commercial programs required. Additionally, CTL has dedicated substantial local customer support for the financial institutions that utilize the service. Development of the MasterCard/CTL solution is currently underway, with roll-out beginning October 2001.

“CTL is pleased to enhance its services to support MasterCard’s suite of corporate programs,” said Jaffar Agha-Jaffar, managing director of CTL. “This milestone effort will enable MasterCard’s members to offer multi-currency, multi-country functionality, specifically tailored to the needs of their corporate clients. It represents a significant step in CTL’s commitment to the commercial card market.”

About Card Tech Limited

CTL is the leading provider of software solutions for the international bank card industry. It is working with more than 150 financial institutions operating in over 60 countries worldwide. The company is based in the United Kingdom, with offices in Cyprus, Malaysia and Russia; it guarantees compliance and backs up all of its systems with full 24-hour lifecycle support.

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1.7 billion MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 81 countries and in more than 36 languages, giving the MasterCard brand reach and scope unrivaled by any competitor in the industry. With more than 21 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 2000, gross dollar volume exceeded US$857 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com/.

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Target Card Access

While Target is gearing up to launch a ‘smart VISA’ card next month, the retailer said this week it has deployed edocs’ ‘eaSuite’ to enable its millions of ‘Target Guest Card’ holders to manage their accounts online at Target’s Web site and online store. Cardholders can now track spending, pay statements, and view their last six statements electronically. Customers will also be able to create direct payments from checking accounts, pay with electronic checks, and schedule e-mail reminders before payment due dates. ‘eaDirect’ transforms a guest’s transactional account history via a personalized online, interactive communications vehicle. Target is also using edocs’ ‘eaPay’ solution, which clears electronic and traditional payments with cardholders’ banks and notifies users and billers of any transaction errors, such as insufficient funds in a cardholder’s checking account. eaPay also allows customers to choose their preferred payment method, including standard checking, ACH, credit card or a leading payment processor. It also permits customers to initiate and track their online payments without leaving Target’s Web site. Target will also have the ability to see payments not yet cleared by banks. Target will issue the new ‘smart VISA’ cards through its Retailers National Bank affiliate, and will deploy smart card POS terminals in all 990 Target Stores by the spring of 2002. Target currently has 36.4 million retail credit card accounts. (CF Library 6/20/01)

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MeT Initiatives

Ericsson, Matsushita, Nokia, Siemens and Sony Corporation are pleased to announce that NEC has joined the MeT Initiative. The companies are jointly developing an open and common industry framework for secure mobile electronic transactions. The aim of the MeT initiative is to develop safe and easy methods and platforms for conducting e-commerce transactions on mobile phones. MeT also works to facilitate the development of innovative new services and applications, benefiting customers and service providers alike.

“The MeT initiative is very pleased to welcome NEC as its latest member. In a year of existence, the MeT initiative has already achieved success with the introduction of its first specifications for secure mobile transactions. Introducing NEC as a sponsor adds great value to the MeT Initiative and we are looking forward to their contribution to our specification work,” said Martti Granberg, chairman of the MeT Initiative. “We would also like to take the opportunity to welcome all companies active in the secure mobile transactions environment that share our basic views to join MeT.”

“NEC is one of the leading companies in Mobile Internet Industries and expects that Mobile e-commerce business will grow rapidly in the near future,” said Ben Nakamura, Associate Senior Vice President and Executive General Manager of NEC’s Mobile Terminals Operations Unit. “The key to success is open architecture of the specification, and in this sense MeT is playing an important role in the industry. NEC will make its utmost effort to contribute to standardization of the specification.”

The MeT Initiative was formed in April, 2000, with the purpose of jointly developing an open and common industry framework for secure mobile electronic transactions. The initiative uses existing and emerging standards to create a common framework that will facilitate the fast adoption of trusted mobile commerce services globally.

The MeT technologies and concepts will work on all networks, with all services, and on all mobile devices. They will draw on existing industry standards such as WAP, Wireless Transport Layer Security (WTLS), Wireless Identification Module (WIM), Public Key Infrastructure (PKI) and Bluetooth. Privacy and security will be ensured with digital signatures and cryptography services for transaction verification, confidentiality, authentication, and non-repudiation. Examples of MeT based applications include secure access and use of personal credit cards, debit cards, loyalty schemes, and ticketing.

More information can be found at www.mobiletransaction.org.

About NEC

NEC Corporation is a leading provider of Internet solutions, dedicated to meeting the specialized needs of its customers in the key computer, network and electron device fields through its three market-focused in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation, with its in-house companies, employs more than 150,000 people worldwide and saw net sales of 5,409 billion yen (US$43 billion) in fiscal year 2000-2001. For further information, please visit the NEC home page at www.nec.com.

About Ericsson

Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of Mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. For more information about Ericsson, visit the Website at www.ericsson.com/pressroom.

About Nokia

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Further information about Nokia at www.nokia.com.

About Matsushita

Matsushita Communication Industrial Co., Ltd., a consolidated subsidiary of Matsushita Electric Industrial Co., Ltd., best known for its Panasonic- brand products, is one of the world’s leading manufactures of mobile phones for the global market. The company’s contributions to the mobile communications industry include W-CDMA wireless infrastructure products, information platforms, and terminal products for mobile multimedia. For more information about Panasonic’s mobile communications, please visit www.mci.panasonic.co.jp/english.

About Siemens IC Mobile

The Siemens Information and Communication Mobile Group (26,000 employees, sales of 6 billion EUR in first 9 months of FY 2000) offers a complete range of mobile telephone products including devices, infrastructure and applications. Devices include mobile phones, ISDN phones, mobile organizers, cordless and corded phones. The infrastructure portfolio includes the complete range of network technologies from base stations and switching systems to applications and intelligent networks. For more information about Siemens, please visit www.siemens.de/ic/mobile.

About Sony Corporation

Sony Corporation is a leading manufacturer of audio, video, game, communications and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be a leading personal broadband entertainment company in the world. Sony recorded consolidated annual sales of nearly US$ 60 billion for the fiscal year ended March 31, 2001. Sony’s Home Page URL: www.world.sony.com

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ENCORUS TECHNOLOGIES

eONE Global, LP, an innovator in identifying and developing emerging
payment technologies, announced it will name its mobile operating
business, Encorus Technologies. “Mobilizing the power to
purchase,” Encorus Technologies will focus on building a flexible and open
infrastructure and efficient payment processing services to drive the
acceptance and usage of mobile payments worldwide.
On August 24, eONE Global announced it would acquire the assets comprising
the M-Business division of Brokat Technologies, a leading provider of
software and infrastructure for wireless applications. These M-Business
division assets, including Brokat’s secure, convenient and flexible
PaymentWorks product family, will provide the foundation for this new eONE
Global company.

The name “Encorus” is derived from the words “encore”(repeating great
performance) and “chorus” (together in harmony), representing the company’s
philosophy and commitment to excellence, flexibility, and working together
with mobile operators and merchants to make using mobile phones a standard way
to pay.

“The name Encorus captures our vision of building a worldwide community of
mobile operators, merchants and consumers, powerfully connected through an
open global standard for mobile purchasing,” said Garen Staglin, president and
CEO of eONE Global. “Creating such a standard will eliminate network
fragmentation and other challenges that exist today in mobile commerce. By
connecting operators and merchants with a universal payment infrastructure
that’s easy to use and secure, we can help our customers more quickly realize
the opportunities in mobile purchasing and provide consumers with a more
convenient, cashless payment method.”
eONE Global is majority owned by First Data Corp. (NYSE: FDC), the world’s
leading payment processor, which has relationships with more 2.6 million
merchant locations and 1,400 card issuers, routing and settling more than nine
billion transactions annually. iFormation Group, a company that partners with
the Global 2000 to build new companies, and whose founders are The Boston
Consulting Group, General Atlantic Partners and The Goldman Sachs Group, is
the other investor in eONE Global.

“Encorus will leverage First Data’s relationships, experience in merchant
acquiring and large scale routing and settlement network,” added Staglin.
“This new company provides real marketplace advantages in its ability to grow
the acceptance for mobile payments.”

Brokat already has relationships with Vodafone, the largest mobile
operator in the world, and T-Motion, the mobile online services arm of
Deutsche Telekom AG group. These customers will continue as customers of
Encorus, enabling them to provide complete mobile payment solutions to their
more than 125 million subscribers.

By overcoming security, connectivity and device limitations, mobile
operators can now begin to realize the benefits of mobile business, including
new revenue streams and increased customer loyalty, integrated with their
existing infrastructure — prepaid cards and the telephone bill. Merchants
gain efficiencies and new revenue sources, including payments for pay-per-
download products and services.

Upon closing, Brokat’s former M-Business division will begin marketing the
scalable payments software, PaymentWorks, under eONE Global’s Encorus brand.
With the ability to manage millions of users and high transaction volumes, the
PaymentWorks solution uses open standards and enables mobile operators to
offer customers secure, easy-to-use mobile payment services. A consumer’s
payment details are stored in a virtual wallet, which can be used to pay for
goods and services via their mobile phone. Easy to implement, the PaymentWorks
platform uses open architecture, works with existing technology, handles both
micropayments and macropayments, and provides authentication and authorization
services.

Encorus will focus on facilitating digital content micropayments (smaller
transactions of less than one US dollar or one euro), and secure Internet
macropayments with debit or credit cards, expanding into person-to-person
payments and point-of-sale macropayments during the first half of 2002.
Implementations have begun in Europe, and will rapidly move into Asia and the
United States. By 2005, the Tower Group expects the number of mobile payment
users in Europe and Asia to exceed 54 million.
The sale of Brokat’s mobile division to eONE Global is expected to be
completed by mid November, following Brokat shareholder approval and standard
closing conditions, including approval by the German Federal Cartel Office.
Upon closing, eONE Global will launch its new operating unit, Encorus
Technologies, which will assume ongoing development and marketing of Brokat M-
business products and payment processing services under the Encorus brand.
Mobile payments is the third leg of eONE Global’s mission to capture and
commercialize emerging payment technologies. eONE Global has two other
operating units: govONE Solutions, focused on delivering electronic payment
solutions to governments; and SurePay, which creates trusted electronic
business payment services that complete the financial supply chain for leading
corporations and trading networks on a global scale.

About eONE Global

As the leading source for accelerating payment innovation, eONE Global, LP
( ) identifies, develops, and operates emerging payment
systems and related technologies spanning the business, government and
consumer markets. Its operating companies include SurePay, LP
( ), which creates trusted end-to-end electronic business
payment solutions and services that complete the financial supply chain for
corporations and trading networks on a global scale, as well as govONE
Solutions, LP (http://www.govONEsolutions.com), which enables businesses and
consumers to make government payments electronically. eONE Global is owned by
global e-commerce and payment services leader First Data Corp.
( ) and iFormation Group ( ), a
company founded by The Boston Consulting Group, General Atlantic Partners, LLC
and The Goldman Sachs Group, to build technology-enabled businesses in
partnership with the Global 2000.

About Brokat Technologies AG
Brokat Technologies AG (Neuer Market: BRJ, Nasdaq: BROA) is a leading
European provider of software and services for flexible e-finance solutions.
Based on standardized software components, Brokat develops customized
solutions for banks, insurance companies and other financial services
providers offering online services to their customers. The advanced multi-
channel capabilities allow financial institutions to provide high levels of
service to customers on the Web, on wireless devices, via ATMs, through call
centers, and in person in branch offices. Brokat was founded in 1994 and is
among the pioneers in the sector of electronic financial services. Over 2,000
companies use Brokat solutions. Among these are Allianz, ABN Amro, Advance
Bank, LBBW, MLP, and SE-Banken. Further information is available at
.

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NPC Renews Pep Boys

National Processing Company, a leading provider of merchant credit card processing and a wholly owned subsidiary of National Processing, Inc., announced the renewal of a multi-year credit card processing agreement with Pep Boys. Under the terms of the agreement, NPC will provide Pep Boys authorization and settlement services for all credit and debit card transactions.

Pep Boys is the nation’s leading full-service automotive aftermarket retail and service chain with nearly 6,500 service bays, 12.9 million square feet of retail space, and 1.9 million square feet of warehouse space. They serve all four automotive aftermarket segments: the do-it-yourself, do-it-for- me, buy-for-resale and replacement tires; and pride themselves on providing the best customer service and the highest quality service work available anywhere.

“NPC has maintained a long-term relationship with Pep Boys underscoring the importance that we place on providing premier service and quality products, said Mark D. Pyke, executive vice president of Merchant Services for NPC. “Pep Boys has benefited from NPC’s expertise in the industry and the economies of scale we provide.”

“We have relied on NPC to provide cost-effective merchant processing solutions that fits right in line with the way we do business,” said James Monyak, controller of Pep Boys. “Partnering with NPC has allowed us to focus on issues critical to our business, without sacrificing any control or quality of our payment system. Fast, efficient, hassle-free checkout is paramount in our business and NPC’s solution exceeds our customers’ expectations.”

About Pep Boys

Pep Boys, who is celebrating its 80th anniversary this year, operates 629 stores and over 6,500 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 800-PEP-BOYS or by visiting .

About National Processing, Inc.

National Processing, Inc. through its wholly owned operating subsidiary, National Processing Company (NPC(R)) is a leading provider of merchant credit card processing. National Processing is 86 percent owned by National City Corporation (NYSE: NCC) ( ), a Cleveland based $94 billion financial holding company. NPC supports over 600,000 merchant locations, representing nearly one out of every five Visa(R) and MasterCard(R) transactions processed nationally. NPC’s card processing solutions offer superior levels of service and performance and assist merchants in lowering their total cost of card acceptance through our world-class people, technology and service. Additional information regarding National Processing can be obtained at .

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WRG Gets VAR Award

Western Reserve Group, a leading provider of automated teller machines has been awarded Hypercom Corporation’s 2000 North American Value Added Reseller of the Year award for its development of the first and only ATM application for Hypercom’s ICE 6000 terminal in its Vision 100 ATM . Describing WRG as an innovative company that thinks outside of the box, George Devitt, Hypercom’s senior vice president and chief marketing officer said WRG is a ‘shining example of what can happen using that philosophy.’ Jairo E. Gonzalez, president, Transaction Systems Group, presented a plaque to WRG’s General Manager, Jason Kuhn.

Hypercom Corporation held its annual Global Partner Conference in Miami Beach, where over 400 business people from more than 70 countries participated in industry workshops, and viewed new products.

Hypercom Corporation, headquartered in Phoenix, Arizona, USA, is a leading global provider of electronic payment solutions. Hypercom maintains an installed base of more than 4 million card payment terminals that operate in over 100 countries and conduct more than 2.85 billion transactions annually.

‘ I just can’t begin to describe how much we are honored to receive this prestigious award,’ said Mike Stevenson, vice president of WRG. This project represents a new frontier for multi-functionality in an ATM machine and a platform that adds revenue through additional profit centers. We’re fortunate to be partnered with a cutting-edge company like Hypercom. In addition, I’m very fortunate to have a development team like Oliver Winter and Jason Kuhn surrounding me,’ Stevenson added. They made the Vision 100 become a reality.’

WRG’s Director of Information Technology and software developer, Oliver Winter, conceptualized and wrote the C.A.S.S. 100© software program, created to drive the ATM application with an ICE 6000 platform adding tremendous functionality to the ATM machine. WRG’s Jason Kuhn, general manager, assisted Winter and focused on finding the quality components and designing the ideal hardware to house the ICE platform. Winter and Kuhn completed the first C.A.S.S.© ATM software program the year before, and it was used exclusively in the NCR 5301 machine. The C.A.S.S. program is now used industry-wide to drive many ATMs. Winter and Kuhn designed the program to eliminate the most common complaints they experienced in practical ATM functionality and the industry quickly recognized its value.

Vision 100 features were demonstrated to the Miami conference attendees in a Business Solutions room during the conference. The international presence was appreciated as interpreters digested & disseminated information in various languages underlining the truly global nature of the event.

WRG’s Vision 100 is a hybrid in many ways. From the spill-proof display and keypad, and a color touch screen, to the graphics program that can carry between 15 and 20 advertisements, and a choice from three printed coupons being offered, the Vision 100 stands apart from the typical ATM machine. With new profit centers, sophisticated functionality and competitive pricing, the Vision 100 is setting a new industry standard.

‘We identified a niche in the industry by designing a machine that addresses the frustrations we dealt with in other machines many of which were also identified by our customers. ‘ said Stevenson. ‘ A company achieves its greatest success by identifying and meeting the needs of its customers. The Vision 100 actually goes beyond that. Becoming known as the company that offers the greatest overall product value is a tremendous business advantage, Stevenson continued. And that is exactly what we have in the Vision 100 the best value.’

WRG chose the Sargent & Greenleaf electronic lock as standard equipment, which allows a quick, and easy one-step operation for efficient cash loading and management plus added security features. The 6120 lock features an automatic relock feature and lets you change codes at any time with a few touches of the keypad, and allows for multiple users. Completing the roster of quality components is the DeLaRue cash dispenser recognized worldwide for its reliability. The all new MiniMech cash dispenser offers seamless delivery of cash. A high performance component, the dispenser has no scheduled maintenance. It has multi-media capability not limiting its use to just currency.

‘Another attractive feature found in the Vision 100 is the low cost of ownership with very little time involved in servicing the machine, said Kuhn. A screwdriver, a nut driver and a few minutes on the telephone with WRG’s service department will handle most service issues. It’s a very user-friendly and low maintenance machine reducing down-time and costly service calls, ‘ Kuhn continued.

‘WRG represents one of the few ‘full-service partners in the ATM industry. Offering hardware and software solutions, processing management, repair service, leasing and ATM supplies in one location allows WRG to provide unprecedented service,’ said Virginia K. Mullenax, director of marketing. We’re a one-stop shop and all about delivering value with service. WRG continues to be recognized for its innovation and is indeed a presence in the ATM industry.’

As a Case Western Reserve University Weatherhead 100 recipient this year, WRG is recognized as one of the fastest growing companies in Northeast Ohio. WRG’s success has resulted in a continuous and steady increase in market share.

WRG, a privately held company based in Willoughby, Ohio is a manufacturer of ATM equipment and software products for the ATM industry throughout the United States and Canada, and is quickly gaining a worldwide presence. The company also provides transaction processing management through Western Reserve ATM Processors and leasing programs through Western Reserve ATM Financial. More information about WRG can be found at [www.wrgservices.com][1].

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

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LiquidCredit in Siebel 7

Fair, Isaac and Company, Inc., the market leader in customer analytics and decision technology, announced its support for Siebel 7, the seventh major release of Siebel eBusiness Applications from Siebel Systems, Inc., the world’s leading provider of eBusiness applications software, and that it has joined the Siebel Alliance Program as a Premier Software Partner. This alliance will offer two powerful solutions to help financial services institutions more effectively acquire, retain and service their customers. Fair, Isaac will provide a seamless, validated integration for ClickPremium service, a real-time underwriting decisioning solution, to Siebel eInsurance, and LiquidCredit service, an instant credit decisioning solution, to Siebel eFinance.

Fair, Isaac will submit the integration of ClickPremium — which supports the testing and automated execution of insurance decision strategies across multiple lines and multiple channels — for validation with Siebel 7 within 90 days of general availability, providing organizations with complete eBusiness solutions that increase productivity, maximize revenue and profit, and significantly enhance customer acquisition, satisfaction and retention. As part of the alliance, Fair, Isaac will provide a seamless, validated integration for ClickPremium to Siebel eInsurance, Siebel Systems’ product designed to meet the needs of insurance customers, field agents, brokers, claims representatives, and call center professionals. Fair, Isaac will also provide a validated integration for LiquidCredit to Siebel eFinance, Siebel Systems’ product designed to meet the needs of financial institutions.

Siebel Systems enables software vendors to easily integrate solutions through its open, extensible, advanced Smart Web Architecture. Unlike rudimentary HTML clients, Siebel Smart Web Architecture combines a zero-footprint, browser-based Web client and a user interface with levels of interactivity and usability traditionally available only in Windows applications. The Siebel Smart Web Architecture enables organizations to leverage the industry’s best eBusiness applications at the lowest total cost of ownership.

Siebel 7 extends the reach and functionality of Siebel Systems’ industry-leading suite of integrated, multichannel eBusiness applications, enabling organizations to translate customer relationship strategy into execution by effectively aligning and rapidly integrating channels, employees and partners. Siebel 7 allows organizations to manage, synchronize and coordinate all customer touch points across the Web, call center, field sales and service personnel, and partner channels.

Siebel eInsurance is Siebel Systems’ product specifically designed to meet the needs of the insurance industry. It provides insurance customers, field agents, brokers, claims representatives, and call center professionals with comprehensive policy management, automatic quote generation, and integrated claims processing for personal property, automobile, group life, individual life, and commercial lines of business. Siebel eFinance is Siebel Systems’ product specifically designed to meet the needs of financial institutions. Siebel eFinance integrates the multiple channels of customer contact into a common database, giving all company agents, call center representatives, branch personnel, and relationship managers access to the same information.

As a market leader in providing advanced analytics and decision technology to financial services organizations, Fair, Isaac will support Siebel 7’s initiatives in this industry. As a Siebel Alliance Program member, Fair, Isaac will integrate its ClickPremium and LiquidCredit services into powerful solutions aimed at effectively acquiring, retaining and servicing companies in the financial services industry. LiquidCredit, designed for click-and-mortar financial institutions, Internet credit brokers, e-tailers, and e-marketplaces, is powered by Fair, Isaac’s analytics and decision technology. It offers better, faster and more cost-effective credit origination decisions, resulting in more profitable, enduring customer relationships.

“Siebel 7 delivers state-of-the-art solutions, based on its in-depth understanding of the industries it serves,” said Tom Grudnowski, CEO of Fair, Isaac. “We share the same business and operating philosophy and are delighted to work with Siebel Systems to develop deep, meaningful relationships with financial services organizations that enable them to reduce their costs in acquiring, servicing and supporting their customers.”

Fair, Isaac’s integrated solutions with Siebel 7 will help transform financial services companies and financing arms of commercial companies into true, customer-centric businesses. The result will be reduced costs in acquiring, retaining and servicing customers and increased customer loyalty and long-term customer value. Ultimately, financial services companies that adopt Siebel 7’s customer-centric approach will enjoy an enhanced competitive position, based on their ability to grow meaningful, long-term relationships with their customers.

“Fair, Isaac is a market-leading provider of sophisticated decision technology solutions that are specifically tailored for insurance and financial services industries,” said Catherine Cherubino, Senior Managing Director, Software and Industry Alliances for Siebel Systems. “Together the seamlessly integrated solutions will enable our customers to utilize data to make faster, more profitable decisions on their marketing, customer acquisition campaigns, operations and portfolio management. The integration of ClickPremium for Insurance to Siebel eInsurance and LiquidCredit to Siebel eFinance will deliver the combination of solutions that our customers have been demanding.”

About Fair, Isaac

Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, California, the company reported revenues of $298 million for fiscal 2000. For more information, visit [www.fairisaac.com][1] or call 800/999-2955.

About Siebel Systems

Siebel Systems, Inc. (Nasdaq:SEBL) is the world’s leading provider of eBusiness applications software. Siebel Systems provides an integrated family of eBusiness applications software, enabling multichannel sales, marketing and customer service systems to be deployed over the Web, call centers, field, reseller channels, retail, and dealer networks. Siebel Systems’ sales and service facilities are located in more than 37 countries. For more information, please visit Siebel Systems’ Web site at: [www.siebel.com][2].

[1]: http://www.fairisaac.com
[2]: http://www.siebel.com

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NextGen FICO Scores

Experian, a global information solutions company, announced the introduction of the new Experian/Fair Isaac Advanced Risk Score. Fair, Isaac and Company, a leading provider of credit scoring services, built this next generation of credit scoring models using Fair, Isaac advanced scoring technology and leveraging Experian’s consumer credit data content.

“Experian is focused on providing the most up-to-date solutions to aid creditors in maximizing their offerings in today’s competitive marketplace,” said Peg Smith, president of Experian strategic business development. “Incorporating the NextGen scores into Experian’s variety of available risk assessment solutions provides lenders improved flexibility and greater options to best meet their goals of booking better quality credit and getting greater accuracy in their marketing programs.”

“The sharper credit evaluation provided by the NextGen scores will help lenders more confidently extend credit to new populations, make instant credit offers, reduce losses and deliver more customized products and pricing,” said Cheri St. John, Vice President at Fair, Isaac. She attributes the boost in predictive strength present in NextGen scores to a new design blueprint, which uses the latest advancements in predictive technology.

The Experian/Fair Isaac Advanced Risk Score is available now across Experian’s entire consumer credit reporting product line as part of a suite of credit risk assessment tools. Experian offers credit grantors a variety of credit risk scoring models and consults with creditors to assist them in selecting the model or models best suited to providing the greatest insight into evaluating credit risk.

About Fair, Isaac

Fair, Isaac and Company (NYSE: FIC) is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, California, Fair, Isaac reported revenues of $298 million in fiscal 2000. For more information, visit the company’s Web site at .

About Experian

Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, California. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion. For more information, visit the company’s web site at .

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Postilion EMV Released

Mosaic Software has announced the general availability of Postilion EMV Gateway, a low-cost, fast track solution to EMV smart card compliance for both Card Issuers and Transaction Acquirers. Developed to handle all the processing requirements for customer transactions originated with an EMV chip card, EMV Gateway has been successfully implemented in Europe well ahead of the compliance dates mandated by Visa.

The main driver behind the adoption of EMV is the reduction of fraud for all transactions as well as greater security for offline processing of transactions. EMV is the specification, jointly developed by Europay (E), MasterCard (M) and Visa (V) for the interoperability of smart cards and terminals equipped with smart card readers for debit and credit schemes, regardless of the card manufacturer, issuer or location of the EMV terminal.

Essentially, Postilion EMV Gateway processes transactions on behalf of an organizations existing system. Traditional magnetic-stripe messages continue to be routed to the incumbent system — with the EMV transactions being intercepted and switched directly to the appropriate networks. This architecture provides for the ability to support EMV transactions without the need to make costly changes to existing authorization host systems. In addition, Postilion EMV Gateway is able to process the EMV security data using a hardware security module (HSM) prior to switching the message to the existing processor. An added benefit of the Postilion EMV Gateway is that it integrates fully with emerging technologies (including WAP-enabled mobile phones, the Internet and digital TV), allowing for multi-channel generic payment solutions.

About Mosaic Software

Mosaic Software is a leading edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web-enabled ATM and prepay software solutions. The company is held by strategic partners GE Equity and Comparex Holdings, and Mosaic management. With offices in the USA, a European office in the UK, South Africa and Australia, Mosaic has a strong global presence. The company is firmly established in the financial services industry and its EFT solutions drive operations in a large number of multinational companies and industry leaders around the globe. Clients include financial institutions, retailers, Internet service providers, card issuers, telcos, data processing service providers and some of the foremost players in the emerging online industry, in the USA, Latin America and the Caribbean, Europe, Australia, the Middle East, Africa and the Asia-Pacific region.

Mosaic’s family of products, named Postilion, is a comprehensive software solution designed to effectively handle the transaction delivery and authorization requirements of every aspect of the EFT arena. Worldwide, Postilion is used for ATM Processing/Monitoring, EFT Switching and Routing, Point-of-Sale (POS), Credit/Debit Card Processing, Internet/Call Center Payment Authorizations, Prepayment, Internet/Home Banking and Mobile Commerce applications. Operating as the first fully-fledged EFT switch running on Windows NT/Windows 2000, Postilion is live in more than 500 installations worldwide.

Mosaic Software clients include 7-Eleven (US), American Express (US), E*Trade (US), Retail Decisions (UK), Calypso (Canada), AutoBranch Technologies (Canada), Greenland Corporation (US), Transaction Network Services (UK), Woodforest National Bank (US), Sky Financial Group (US) Echo (US), Pick ‘n Pay (SA), ABSA Bank (SA), Saambou Bank (SA), NBS (SA), Vodacom (SA) and MTN (SA).

An overview of the company and product may be found at: .

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Gold Cards

Over the past five years Platinum VISA and MasterCards have out shined their gold card brethren. However, over the past twelve months, most of the nation’s top issuers have quietly resurrected gold card products to target primarily the sub-prime and Hispanic markets. Indeed, gold VISA and MasterCards now carry the highest average interest rates, according to CardWatch ([www.cardwatch.com][1]). Among the top ten U.S. issuers, only Bank One/First USA and Fleet have refrained from the gold card revival. MBNA has only one gold product, the ‘First Union VISA Gold’. Citibank continues to offer a gold card in its American Airlines ‘AAdvantage’ program. Providian offers several gold versions with APRs ranging from 16.99% to 23.99%.

TOP GOLD CARD PRODUCTS
Citibank 16.49% $85.00
MBNA 13.99% None
Discover 13.99% None
Chase 18.99% None
Cap One 14.90% $72.00
Providian 23.99% None
BofA 14.40% None
Household 16.49% None
AVG 16.66%
Source: CardWatch (www.cardwatch.com)

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

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Buxx Mall

FL-based WildCard Systems has launched an online shopping mall with U.S. Bank in conjunction with the bank’s ‘VISA Buxx’ Web site. Teen cardholders and their parents can access the new shopping mall online which contains hundreds of brands and thousands of products from teen-oriented merchants such as Alloy, GraffitiOnline.com, The Sharper Image and Teva Sports Sandals, as well as offers, discounts, and promotions on special items. The online shopping mall is powered by Altura International and provides an advanced multi-vendor, multi-lingual and multi-currency e-commerce shopping platform. The ‘VISA Buxx’ product was co-developed by VISA USA and WildCard Systems. ‘VISA Buxx’ is currently issued by Bank of America, Capital One, National City, Wachovia, and U.S. Bancorp. (CF Library 8/10/00; 9/14/00)

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