Austin Logistics Execs

Austin Logistics Incorporated, providers of well-known call-targeting software such as CallTech(tm), CallSelect(tm), and OnQ, announced important additions to its sales staff.

Hank Wier has been named vice president of sales. Wier comes to Austin Logistics from Fair, Isaac & Company, with extensive experience managing organizations that sell to the financial services industry. At Austin Logistics, he will leverage the company’s reputation for innovative yet practical solutions within the financial services sector.

Mike Kuryak, most recently vice president of sales and marketing, has been named vice president of customer support, partnership management, and international distribution. He will further enhance client satisfaction with Austin Logistics’ renowned client support, and will expand its products through strategic partners and licensed distributors worldwide.

Jack Rasmussen, also from Fair, Isaac, is joining Austin Logistics as senior sales executive. Rasmussen brings more than 20 years of experience in model building, management, and sales of custom models and software.

Buzz Sawyer joins Austin Logistics as senior software sales advisor. With 20 years of product management and technical sales experience, he is respected in the financial services industry for innovative solution designs. Before joining Fair, Isaac nine years ago, Sawyer was a founding partner with PaySys International (formerly Credit Card Software).

“Together, these organizational changes will allow us to continue our intense focus on customer satisfaction, while managing the growth that has come with success,” said Daniel Duncan, president of Austin Logistics.

About Austin Logistics Incorporated

Austin Logistics has been trusted since 1992 by America’s largest financial services companies for innovative, practical solutions to increase effectiveness of consumer credit collections, telemarketing, and risk management. For further information on Austin Logistics, please visit the web site at [][1].




The Mouvement des caisses Desjardins continues to
innovate in the area of e-commerce, It will soon offer consumers a virtual
shopping service with secure payments from its website at
Desjardins has also joined with a Québec company,, which is known for
its expertise in developing e-commerce solutions, to design its virtual mall
( of stores that have signed on to use its Internet
payment server. Canada Post will make its eParcel(TM) shipping service
available to shoppers for delivery of their purchases. Through this new
venture, Desjardins has now extended the range of its financial services to
include the B2C market.

The Desjardins payment server, using Touchlink technology, is a virtual
terminal that executes on-line transactions through a secure connection.
Payment transactions are controlled, authorized and validated by Desjardins,
so there is no risk for either the consumer or the merchant. The way it works
is simple the transaction data (order information, client identification,
credit card number) are encrypted, then transferred from the buyer’s computer
to the Desjardins server, which is the only computer that can read the
encrypted data.

It is estimated that as many as 35% of Canadian Internet users will be
making purchases on line in 2003, mainly motivated by conveniences such as
being able to make their purchases from home, and being able to shop outside
of regular store business hours.

“We are very aware of the fact that the main obstacle to developing the
B2C market is payment security. Lack of confidence and fear of giving a credit
card number over the Internet, despite the various security measures in place,
are often the main reasons consumers give to explain why they hesitate to make
such transactions. Desjardins is addressing that concern by ensuring payment
security, thereby establishing a climate of confidence that will benefit both
the consumer and the merchant”, said Mr. Eric Lemieux, Vice-President
Electronic Access and Payment Services at Desjardins.

According to Mr. Louis-Marius Gendreau, President of “On-line
sales should be worth around $15 billion by 2003. Companies cannot ignore such
an enormous source of sales and custumers, and Desjardins are
offering them efficient, secure and easy-to-use tools at a very affordable
price to develop this potential, allowing them to benefit fully from all the
advantages of on-line sales.”

Mrs. Francine Conn, General Manager, Distribution Business at Canada
Post, said “Canada Post is excited to be part of the total Desjardins service
package. Our alliance in this new initiative is consistent with our e-commerce
strategy and our commitment to offer small and medium-size companies business
solutions that meet their specific needs.”


With overall assets reaching $80 billion and more than 36,000 employees,
the Mouvement des caisses Desjardins is the top financial institutions and the
largest private employer in Québec. It is the only one to offer, through its
network of caisses located throughout Québec, a full range of financial
products and services. Desjardins is a leader in Québec in terms of e-
commerce with more than 1,500,000 visits per month, is the
most frequented financial site in Québec and second in Canada, and 28,000
companies are already using its AccèsD Affaires business service. The
Mouvement Desjardins’ mission is to contribute to the economic and social
being of individuals and communities.


Founded in 1994, allows small and medium businesses to sell
their products on the Internet in a secure, multi-currency, and bilingual
environment. Furthermore, with this solution a merchant does not need to
invest in expensive technological devices or software. Also working in the
creation of transactional web sites and electronic catalogues, the company won
the Boomerang Prize for best transactional for its achievements.
Commercialized under a private brand by its partners like Canada Post,’s products and services are used by more than 900 Canadian merchants.
This makes the first ASP (“Application Service Provider”) e-commerce
solution provider in Canada. Its e-commerce solution is the only one on the
market to integrate Canada Post’s shipping technologies and Fortune 1000’s
accounting technologies. 45 professionals specialized in IT are working for in its Montreal and Québec City offices.


Canada Post is Canada’s leader in physical and electronic delivery
solutions, offering a full range of cost-efficient distribution services for
SMB’s. with choices of speed, features and extra options. Canada Post provides
safe secure deliveries to all addresses in Canada and to destinations all over
the world. Canada Post serves more than 30 million Canadians at some
13 million addresses, and nearly one million Canadian companies. The company
was incorporated in 1981 and employs more than 50,000 people; its revenues
exceeded $5,6 billion (Canadian) in 1999/2000.


ClearCommerce SafeDebit

NYCE Corp., one of the leading electronic payments companies in the United States, and ClearCommerce Corp., a provider of transaction management software for e-commerce infrastructure, announced they have signed an agreement that will expand the growth of SafeDebit. As part of the agreement, Internet merchants that use ClearCommerce’s transaction processing engine will be offered the capability to accept the new SafeDebit cards for payment. This agreement will help further SafeDebit card acceptance at participating retailers, which in turn, will add value to the efforts of the card issuing financial service community and open new channels for SafeDebit users. NYCE-innovated SafeDebit is the first convenient and portable way to make PIN (personal identification number) secured debit purchases on the Internet from any standard PC with a CD-ROM drive. It is also the only real-time PIN-based debit Internet payment method that does not require consumers to install special hardware. Under terms of the agreement, SafeDebit will be included as part of the ClearCommerce(R) Engine.

“Offering the benefits of SafeDebit Internet transactions to our worldwide merchant base is another step forward for ClearCommerce in our efforts to make online retailing as secure as possible,” said Robert Lynch, president and chief executive officer of ClearCommerce. “We’re known for providing leading-edge enhanced fraud protection for merchants, and working with NYCE to add SafeDebit is an enhancement that we anticipate will be well-received by our merchants.” Building on the successful evolution of real-time payments technology, SafeDebit works just like an ATM card for the Internet, allowing consumers to make PIN-secured purchases with funds withdrawn directly from their checking accounts. And just like an ATM card, the SafeDebit card holds consumer information in encrypted and embedded format. The data is passed via the Internet directly to existing secure online debit networks and financial institutions for authorization and settlement – the industry’s most reliable and secure technology infrastructure. As such, cardholder and transaction data is treated as securely as the billions of ATM and debit point-of-sale transactions that are made each year.

“SafeDebit was designed to facilitate convenient, efficient and secure Internet purchase transactions, particularly for fraud-wary consumers or those seeking an alternative to credit cards,” said Paul Turgeon, senior vice president with NYCE. “We’re glad that NYCE innovation has contributed to ClearCommerce’s decision to choose SafeDebit to help support its rapidly expanding e-commerce infrastructure.” The ClearCommerce Engine capabilities include: real-time transaction processing with credit card processors, fraud analysis and protection, business reports for merchants, storefront integration, application programming interfaces (APIs) to businesses’ existing ERP or inventory systems and shipping and tax calculation.

About Clear Commerce

Austin, Texas-based ClearCommerce is a provider of e-commerce transaction software and services for enterprises and Commerce Service Providers, including Apple Computer, Chase Merchant Services, and EDS. ClearCommerce provides transaction management technology directly and indirectly through Commerce Service Providers for more than 40,000 merchants worldwide. Features of ClearCommerce software include real-time credit card processing and Internet fraud protection, as well as online reports, storefront integration, back-end integration, shipping/tax calculation and delivery of digital merchandise. For more information, please visit [][1].

About NYCE Corp.

NYCE Corporation is one of the leading electronic payments companies in the United States, providing financial institutions and retailers with shared network services for automated teller machines (ATMs), on-line debit point-of-sale (POS) and emerging real-time payment solutions. The company also provides processing services that support ATM management and monitoring services, as well as debit card issuance and authorization solutions. Through a long-standing commitment to product innovation, NYCE has established itself as a front-runner in real-time person-to-person (P2P) payment services and PIN-secured Internet debit payment solutions. Comprising 2,400 financial institution and retail ATM deployer participants, the NYCE Network processes nearly 93 million transactions per month while servicing more than 47 million cardholders through 44,000 NYCE-branded ATMs and 250,000 POS locations. NYCE Corporation is headquartered in Woodcliff Lake, NJ, and can be found online at [][2].




Oasis Technology, Silverline’s CIT
ePayments Division, Giesecke & Devrient, Smart Chip Technologies Inc.,
Ingenico and Cardis announced the formation of an alliance to develop
and market an Internet capable, multi-application smart card payment suite.
Under the project name Solstice, the members will integrate EMV (Europay,
MasterCard, Visa) card payments with loyalty programs and micropayments on a
single microchip. The payment suite also includes merchant, acquiring,
issuing and settlement systems for the physical, virtual, and mobile worlds.

Market analysis and consumer feedback from smart card trials and programs
around the world, point to the benefits consumers see in having one card
combining all their key banking and merchant relationships. In addition,
consumers demand a more secure platform to enable them to confidently
transact with the same card in both the physical and virtual worlds. This is
only possible on a multiple application smart card. It is this collective
analysis, shared vision, and combined expertise that brought these six
companies together in this initiative.

The formation of the alliance is timed to coincide with the imminent rollout
of EMV implementations that will result in the replacement of magnetic
stripe cards with industry standard hybrid chip and striped credit cards.
In addition to much stronger security and authentication, the product suite
will provide opportunities for banks, card issuers, acquirers, major
retailers and service providers to offer cardholders and merchants enhanced
features such as traditional payments linked to loyalty and micropayments.
The card will be designed for use at physical locations, online storefronts
and with mobile devices.

Collectively, the alliance members hold several patents for microchip-based
functions, making the new card one of the first smart cards to house all of
the functionality on the chip. Oasis will provide software to facilitate
merchant and card accounting, switching and settlement in addition to a
virtual credit card. Giesecke & Devrient will provide its smart card,
including embedding and fulfillment; Public Key Infrastructure (PKI) card
applications, security modules and microprocessing knowledge, . Silverline’s
CIT ePayments Division will provide PKI security server expertise,
on/offshore development, systems integration and implementation services.
Smart Chip Technologies will provide its patented multi-platform smart chip
loyalty application and Cardis will provide the micropayments engine
capability. Ingenico will provide point-of-sale (POS) devices and support

“Consumers are demanding a single secure card for all payment values and
loyalty applications that can seamlessly function in both the physical and
virtual worlds,” explained Ashraf Dimitri, president and CEO of Oasis
Technology Ltd. “Solstice provides consumers with a variety of payment

options including micropayments ­ vital to opening the market for digital
content providers.”

“These six companies are committed to the development of a true next
generation smart card offering the most sophisticated levels of security,
consumer payment options and loyalty rewards,” added James Frye, president
of Giesecke & Devrient, Card Systems, United States and Canada. “The pace
of technology change and the complexities of integration means Solstice will
reduce risks and future proof solutions in the market, so that systems
operators and merchants can focus on their core businesses.”

The alliance members will initially target North American banks, card
issuers and acquirers and the card associations before expanding their reach
globally. The new card will also be marketed to airlines, retailers, gas
chains, quick service restaurants, and Internet digital content providers.

About The Alliance

The alliance is comprised of six companies

Oasis Technology Ltd is a leading provider of software to facilitate
payments any time, any place on any device. Oasis is the only company
providing payment software for every step of the transaction process for
financial institutions, retailers, card associations or any business focused
on payments.

Silverline [NYSE SLT] is an international software development and
integration services firm, with over 2,600 software professionals worldwide.
Silverline provides a comprehensive set of eBusiness consulting and IT
services, including strategic consulting, creative design, technology
integration and implementation, as well as management and maintenance of
Internet and legacy applications. CIT, the ePayment division of Silverline,
provides end-to-end solutions and systems integration for ePayments;
electronic banking service delivery for the real, virtual and mobile worlds
of commerce; payment and loyalty based smart card solutions; Public Key
Infrastructure (PKI) security and implementation and professional services
associated with these offerings.

Giesecke & Devrient (G&D) is an internationally operating technology group.
With nearly 150 years of history, the Giesecke & Devrient of today upholds
their tradition as a trusted leading supplier of banknotes and security
documents; banknote, security paper and currency automation systems; as well
as cards, components and complete multifunctional Smart Card systems for
electronic payments and telecommunications.

Smart Chip Technologies [OTCBB SCTN] is an end-to-end loyalty and
cause-marketing program solutions provider. SCTN licenses its patented
e-llegiance multi-platform smart chip loyalty application for smart cards
and smart devices, and POS terminals. SCTN also provides complete loyalty
program management, transaction processing, and accounting services through
its LoyaltyCentral software and back office operation.

Cardis is an innovation and licensing company based in Amsterdam, The
Netherlands. Cardis specializes in advanced smart card payment systems and
has a portfolio of patented innovations.

Ingenico Group is the World’s No. 1 supplier of secure transaction systems.
It designs and produces terminals and systems for electronic payment.
Ingenico has invested heavily in Research and Development to achieve
technological advances in both hardware and software, which have greatly
contributed to setting new standards in the industry.


Oberthur Nabs Legaspi

Oberthur Card Systems of America named Leo Legaspi director of business development for its wireless and e-business smart card divisions, where he will develop new partnerships and marketing strategies.

Legaspi’s career in telecom and consulting spans 17 years. He was a pioneer in the effort to develop the new CDMA standard for smart cards, an initiative that resulted in significant potential new revenue for the smart card industry overall.

“Leo is well-respected within the smart card community, bringing extensive telecom technology expertise as well as personal contacts with developers and industry leaders,” noted Thierry Burgess, Executive Vice President of Sales & Marketing for the American division of Oberthur Card Systems. “He will be instrumental in significantly expanding our market share in the wireless and e-business smart card arena in the Americas.”

Most recently, Legaspi led wireless business development for Gemplus. He also has held strategic planning and marketing positions at NYNEX where he introduced SIM technology for smart cards into the telecom market and was involved in NYNEX’s entry into broadband entertainment and information services using MMDS (wireless cable) technology.

Legaspi serves as chairman of the Telecommunications Advocacy Committee, Smart Card Alliance and was vice-chairman of the Smart Card Forum Telephony Working Group. He has written for various technology publications and holds a master’s in professional studies, Interactive Telecommunications Program from the Tisch School at New York University and an MBA in marketing from Fordham University.

About Oberthur Card Systems

Oberthur Card Systems (Paris Stock Exchange – Code SICOVAM 12413), a global leader and the innovator in the smart card industry, is shaping the future by offering the ultimate in SIM, WAP, 3G (IMT-2000/UMTS), e-wallet technologies & Internet-based card management services coupled with a firm commitment to open standards.

Championing EMV migration, Oberthur is the world’s #1 supplier of MasterCard and Visa cards, #1 in banking, e-commerce, m-commerce and pay-TV, Oberthur is also the #1 in Java(TM) and GSM technologies.

Oberthur Card Systems has an international reach ensured by 30 sales offices and 20 manufacturing sites across the five continents. Oberthur Card Systems had sales of 451.1 million Euros in 2000.



The Korean government announced this week it will cap interest rates for
delayed payment of loans to credit card companies and other financial
institutions to less than 1.5 to 1.7 times the normal rate. The Ministry of
Finance and Economy said the new law, which takes effect in July, is aimed at
credit card issuers charging interest rates of 25% to 29% on late payments.
The ministry is also considering limiting interest rates on delayed
payments in
relation to the duration and amount of the delayed payment. The revision of
borrower protection bill is expected to pass the National Assembly’s
extraordinary session in June and take effect in July.


ISO Monitoring

In light of a recent bank failure due to poor management of an ISO portfolio, Anaheim, CA-based BlueGate has released a custom solution to monitor and report merchant accounts being activated by ISO groups. The solution allows validation of merchant addresses and mailing addresses, alerts when phone numbers are suspect cell phone numbers, duplicate checking accounts, duplicate addresses, and duplicate owner identities within the entire portfolio as entered. The software solution has reporting capabilities to enhance compliance with inside and outside auditing firms. The BlueGate solution has been directed towards First Data Resources as the back end processor, but is now available in a customized format for use with many processors. For the next two months BlueGate, Inc. is offering setup in 30 days, for $30,000 for the ‘ISO Monitoring Module’ which includes an impartial audit of the procedures used by the acquirer.



CheckFree i-Solutions, the leading provider of interactive e-billing and
e-statement applications and unit of CheckFree Corporation, announced an
agreement with Xerox Europe to provide Diners Club Austria with CheckFree
i-Series, the world’s leading electronic bill presentment and payment (EBPP)
software, as part of the Xerox total e-Document solution.
Following Austria, the new e-Billing service will also be rolled out to
cardholders in Slovakia, the Czech Republic and Poland.
Diners Club, which is marketed in Austria by AirPlus Travel, is the leading
credit card and service provider for Austria and Eastern Europe with over
150,000 business and consumer customers. Diners Club Austria prints and
distributes 165,000 bills, 60,000 account statements and up to 15,000 reports
each month.

Moving to electronic bill presentment not only reduces administration and
significant time and money, it also provides a whole new level of customer
care. “Launching a truly interactive EBPP site that enables customers to
statements online permits us to stay at the cutting edge of customer service,”
explains Manfred Buchacher, CEO of AirPlus Travel. The long-term strategy
is to
encourage Diners’ customers in all markets to receive their monthly statements
exclusively online. With CheckFree i-Series, Diners will be able to scale to
accommodate future demand for e-statements.
Xerox Europe chose CheckFree i-Series for Diners Club because of its superior
speed of implementation, cost-efficiency and proven technology. Says Tim
Industry Solutions & Services Marketing Manager-Financial Services at Xerox
Europe “We knew CheckFree i-Series would be fast and easy to implement, and
would enable us to transform legacy applications into interactive Web
without the need to modify existing systems.”
Andreas Lesch, head of New Technologies Development at Diners Club Austria,
confirms this view. “I chose CheckFree i-Series because I didn’t want the EBPP
implementation to interfere with other IT projects and here was a very modern
interface that could be easily grafted onto existing structures.” The fact
CheckFree and Xerox delivered the Proof of Concept in under two weeks
Diners that they could achieve optimum speed to market.
One of the most important selection considerations for Diners was security. A
careful evaluation of the CheckFree i-Series’ security features convinced Mr.
Lesch that it had some of the most advanced security options available,
supported all popular Internet security mechanisms and would work seamlessly
with Diners’ existing database to automate the password process.
The next phase of the EBPP project will be to add online bill settlement and
statement archiving. Diners also has plans for an interactive Web-based
for customer relationship management and an EBPP/call centre link. Says
Gaechter, senior consultant at Xerox Europe “Competition in the credit card
market has increased dramatically. Diners has been quick to recognise that
e-Document management, EBPP and one-to-one marketing all play a major role in
building customer loyalty, increasing market share and optimising business

Steve Wright, Director of Marketing at CheckFree i-Solutions EMEA, is
enthusiastic about his company’s relationship with Xerox Europe. “The Xerox
Industry Solutions and Services group is Europe’s largest consultancy and
systems integrator dedicated to e-Document management. Leveraging CheckFree’s
years of experience in the EBPP market, we can offer a combined e-Billing
solution that gives customers leading-edge technology for e-business growth.”

About Xerox Europe

Xerox Europe, the European operations of Xerox Corporation, the world’s 6th
largest information technology company, markets Xerox’s products, solutions
services throughout Europe. Xerox’s mission is to be the leader in the global
document management market, providing solutions that provide a bridge between
the paper and digital worlds and enhance business productivity through the
sharing of knowledge. In 1999, Xerox Europe had revenues of $5.3 billion. The
company employs 19,000 people, has manufacturing operations in Ireland, the UK
and Holland and advanced research and development centres in Cambridge (UK),
and Grenoble in France. For further information visit

Diners Club Austria

Founded in 1961, Diners Club Austria is one of 165 Diners Club franchises
worldwide. With 170 employees and 150,000 cardholders, the company has 10%
market share of all cards in Austria with a 70-80% market share in the high
worth segment. Awarded `Best Franchise’ in 1999, Diners Club Austria is
consistently in the top 5 franchises in terms of revenue, market share growth
and innovation. For further information visit

About CheckFree i-Solutions

As a software group within CheckFree Corporation (NASDAQCKFR)
(, CheckFree i-Solutions is the
leading provider of end-to-end business-to-consumer and business-to-business
solutions for e-bill and payment and e-statement delivery. Its flagship
software suite, the CheckFree i-Series, is a next generation solution for
e-bill and e-statement creation. CheckFree i-Solutions is committed to helping
billers, Consumer Service Providers (CSPs) and Biller Service Providers (BSPs)
leverage electronic bills and statements as interactive conduits to customer
relationship management, marketing and customer self-service applications.
CheckFree is based in Atlanta, Georgia, USA with CheckFree i-Solutions’
European operations located in Slough, Berkshire, United Kingdom. For further
information visit


CyberCash Closure

CyberCash announced yesterday the closing of its asset sale and a name change to CYCH, Inc. The winning bid made at a bankruptcy court-approved auction April 12 will produce net proceeds of $23.9 million to CyberCash. The company’s Internet payment services assets were acquired by Verisign and the company’s software assets were acquired by First Data Merchant Services. Excluded from the transaction are CyberCash’s financial assets, including cash on hand and accounts receivable. Also excluded are CyberCash’s interest in CyberCash K.K., its Japanese payment processing joint venture with SoftBank, as well as CyberCash’s investments in Commission Junction, and Outbounder, Inc. (formerly UUCom). CyberCash intends to liquidate these financial assets through subsequent auctions.



Gasco Energy, Inc., a company that acquires and explores petroleum and natural
gas properties in the United States, announced that it had entered into a
memorandum of understanding with First, Inc., a global provider of
electronic payment processing solutions, concerning a proposed merger of the

The intended results of the merger, should the transactions proposed in the
be completed, will result in First Ecom owning all of the outstanding
shares of
Gasco so that Gasco is wholly owned by First Ecom. As part of the proposed
transaction, First Ecom would transfer all of its e-commerce assets to a
separate company and distribute all of its holdings in this company to First
Ecom’s shareholders of record as of a date to be determined. At the conclusion
the transactions, the survivor of the First Ecom – Gasco merger would have no
interest in the new e-commerce company; the former shareholders of Gasco would
own a majority of the merged company’s shares; and the name of the merged
company would be changed to a name that better reflects the business of
exploring for and developing natural gas resources. The current
shareholders of
First Ecom would have shares in both the merged company and the new e-commerce

Consummation of the transactions outlined in the MOU are subject to the
completion of satisfactory due diligence investigations by both First Ecom and
Gasco, negotiating and executing a definitive agreement, and obtaining the
necessary corporate and regulatory approvals.
“This merger could present Gasco with an opportunity to immediately increase
its market capitalization, obtain a listing on the NASDAQ market and increase
shareholder value” said Mark Erickson, president of Gasco Energy. “In
if completed, this merger will provide us with the resources to pursue our
objectives of developing our existing properties within the highly active
Basin of the Rocky Mountain area as well as pursue new acquisitions that
compliment the company’s growth strategy.”

About First

As a global provider of electronic payment processing, First provides
secure, easy-to-implement and low-cost online payment processing services to
banks and their merchants worldwide. Through strategic partnerships with
ISPs, e-commerce product suppliers, system integrators and storefront solution
providers, First will process credit card transactions made over the
Internet in multiple currencies, either domestically or offshore in a
tax-neutral jurisdiction.
For more information, visit
or contact First at (852) 2801-5181 or by e-mail at

About Gasco Energy

Gasco Energy, Inc. is a US company trading on the NASD-OTC BB under the symbol
GASE. Gasco Energy acquires and explores petroleum and natural gas properties
in the United States. The Company currently holds interests in properties
located in the Uinta region of northeastern Utah which are being developed
pursuant to an agreement with Phillips Petroleum, as well as properties in
California and the Rocky Mountain region.
For more information about Gasco please contact John Foulkes or Peter Forward
toll free at 800-645-9254 or email


New ABNH Plant

American Bank Note Holographics, a leader in the origination, production and marketing of holograms for security applications, has built a new holographic production facility inside one of Crane & Co.’s high security paper facilities in Dalton, MA.

The new plant will complement the production of ABNH’s other two plants in Elmsford, NY and Huntingdon Valley, PA, and has been designed as a high security holographic production facility. ABNH is the world’s leading producer of security holograms for credit cards, and is a leading innovator of security holograms for a wide variety of applications including bank notes, identification documents, pharmaceuticals, and consumer and industrial products. Crane & Co. is one of the world’s leading suppliers of high security paper for bank notes, and is the supplier of all of the paper in United States currency. Crane & Co.’s plant is a high security facility which has been approved for security work by the United States Treasury, among others. It is one of the most advanced facilities for secure banknote paper in the world. The addition of ABNH’s holographic facility inside this plant continues the tradition of producing the most advanced security devices to protect critical documents. ABNH has worked in partnership with Crane & Co. to build this facility, and leases space and certain services from Crane & Co.

ABNH has relocated Susan A. Morwald and William C. Morwald, two of its most experienced production and product development managers to manage the new facility. Susan Morwald has been named the Director of Manufacturing of the new facility. Susan has been with ABNH for over 16 years, and was previously the Production Manager of the company’s Huntingdon Valley plant. William Morwald has been named Director of Operations of the new facility and he will be directing the company’s product design and development efforts for bank note holograms. William Morwald has been with ABNH for over 16 years, and previously was responsible for managing the Quality, ISO, Slitting and other areas of ABNH’s Huntingdon Valley facility. Both have relocated from Pennsylvania to Dalton, MA to assume these responsibilities.

Kenneth Traub, President and CEO of ABNH, commented, “We appreciate Crane & Co.’s support in helping us to create a state-of-the-art, high security holographic facility within their plant. This facility will enable us to collaborate more closely with Crane & Co. on projects of mutual interest, and give us expanded capacity and greater flexibility to serve our customers. I would also like to congratulate Susan and Bill Morwald on their new and important assignments.”

Douglas Crane, Manager of Strategic Planning of Crane & Co., added, “We are delighted to be working closely with ABNH and would like to welcome them to Dalton. Both companies share a rich heritage and a 200-year tradition that has culminated in a close partnership this year. We are both committed to providing the most effective security devices to protect valuable documents from the increased risk of counterfeiting.”

About ABNH

American Bank Note Holographics is a world leader in the origination, production and marketing of holograms. The Company’s products are used primarily for security applications such as counterfeiting protection and authentication of transaction cards, identification cards, documents of value, consumer and industrial products as well as for packaging and promotional applications. ABNH has production facilities in Elmsford, NY, Huntingdon Valley, PA and Dalton, MA. Additional information on ABNH can be obtained on the world wide web at [][1].

About Crane & Co.

Crane & Co., Inc., founded in 1801, is internationally renowned for its fine 100% cotton social, business and bank note papers. In addition to supplying the United States government with its currency paper since 1879, Crane & Co. also makes paper for international bank notes as well as a variety of technical applications and non-woven materials. Additional information on Crane & Co. can be obtained on the world wide web at [][2].




LML Payment Systems Corp. has signed an
electronic transaction processing contract with Sun Foods of
Sun City, Arizona.

LML will provide check authorization processing along with credit, debit
and EBT card authorization and selective routing services to Sun Foods for
five supermarkets located in the Phoenix, Arizona area.

“We are pleased with this contract and look forward to providing these
services to Sun Foods. Checks are a particularly important tender-type for
supermarkets, making this retail segment very attractive to us. We also look
forward to the opportunity to provide additional related check services in the
months ahead,” said Corporation President and CEO, Patrick H. Gaines.

The Corporation, through its subsidiary LML Payment Systems Corp., is a
financial payment processor providing end-to-end check processing solutions
including Electronic Check Conversion (whereby paper checks are converted into
electronic transactions), electronic check verification, electronic check
re-presentment (whereby returned paper checks are re-presented for payment
electronically), and primary and secondary check collection to supermarkets,
grocery stores, multilane retailers, convenience stores and other national,
regional and local retailers. We also specialize in providing selective
routing, including real-time monitoring of check, debit, credit and EBT
transactions for authorization and settlement through our flagship transaction
processing product REPS (Retail Electronic Payment System). The Corporation’s
intellectual property estate, owned by subsidiary LML Patent Corp, includes
new U.S. Patent No. 6,164,528 regarding Internet checking transactions, in
addition to U.S. Patent No. 5,484,988 which describes a “Checkwriting point of
sale system,” which, through a centralized database and authorization system,
is capable of providing and administering various electronic payment services
for customers and businesses. Also included in our intellectual property
estate is a recently received Notice of Allowance from the United States
Patent and Trademark Office for a new patent based upon United States Patent
Application Serial No. 09/562,303. The new patent describes corporate checks
and electronic fund transfers (EFT) and relates to existing U.S. Patent No.
6,164,528 and U.S. Patent No. 5,484,988 (described above).