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 www.xerox-emea.com.

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 www.dinersclub.at.

About CheckFree i-Solutions

As a software group within CheckFree Corporation (NASDAQCKFR)
(www.checkfree.com), 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 www.checkfree.com/i-solutions.


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, X.com 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 Ecom.com, 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 Ecom.com

As a global provider of electronic payment processing, First Ecom.com 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 Ecom.com 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 Ecom.com 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 invest@gascoenergy.com.


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 [www.abnh.com][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 [www.crane.com][2].

[1]: http://www.abnh.com/
[2]: http://www.crane.com/



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).



British Airways announced a partnership with
Royal Bank of Canada to introduce a new Visa credit card designed to reward
Canada’s international frequent flyers.

Called the Royal Bank/British Airways Visa Platinum Card, it’s the only
credit card in Canada that earns cardholders rewards and services on British
Airways. Those international flyers will now be able to accumulate frequent
flyer miles faster with every card purchase, redeemable for flights and other
rewards, while receiving extensive features geared to their special needs such
as free out-of-country medical insurance and worldwide cash advances.

“The Royal Bank/British Airways Visa Platinum card is the ideal
complement to Executive Club membership,” said Bob Brunner, British Airways’
director of Business Travel Marketing. “Part of being the leading airline for
the 21st Century is offering the most attractive rewards to our customers.”

Every dollar of spending charged to the card generates one Executive Club
“mile.” Upon approved enrollment, each cardholder receives 5,000 bonus miles
and a complementary companion ticket that can be used in conjunction with full
fare travel in any class on British Airways. For each annual renewal a member
receives 2,500 bonus miles and can earn another complementary companion
ticket. Every dollar charged for British Airways products and services,
including flights and British Airways Holidays land products earns two miles.
“Mileage” can be redeemed for flights on any of British Airways’ airline
partners Aer Lingus, Alaska Airlines, American Airlines, America West
Airline, Cathay Pacific, Emirates, Finnair, Iberia, JAL, LanChile and Qantas.

“Royal Bank’s credit card strategy is to offer cardholders the widest
variety of options and features to meet their needs,” said Mark Tonnesen,
executive vice-president, E-Commerce and Cards, Royal Bank. “We’re very
pleased to partner with British Airways to offer customers this co-branded
credit card with superior rewards and benefits.”

Membership of British Airways Executive Club North America is free.
Further information can be obtained from The Executive Club Customer Service
Centre in Toronto (416) 250-9429 or Toll Free on 1-800-463-3932. For more
information on the Royal Bank/British Airways Visa Platinum Card visit the
British Airways Website at www.britishairways.ca or Royal Bank’s Website at www.royalbank.com/cards/ba.



Miami-based UNO Money Transfers announced it has entered into an agreement
one of Mexico’s largest financial institutions, BBVA Bancomer, to offer direct
and faster payment of remittances to the country. Under the agreement,
and its related payment centers will provide UNO clients in Florida,
Massachusetts, Connecticut and New Jersey with instant folio numbers, which
make remittances available for payment within minutes at any of the
institution’s 1,500 locations throughout Mexico.

“This partnership is a major step forward in strengthening UNO’s presence in
the Mexican market,” said Oscar Garcia, Jr., UNO Money Transfer’s chief
operating officer. “Adding Bancomer to our representative network gives UNO
widespread reach throughout the entire country and allows us to further
capitalize on a Mexico corridor business that continues to grow at a healthy

“The agreement also reflects UNO’s ongoing commitment to enhancing its product
offerings and customer service,” added Garcia. “Our clients can now benefit
from the direct service with Bancomer, which ensures their beneficiaries will
receive payment almost instantaneously. “The service also will include a
complimentary three-minute phone call to Mexico to notify family members of

For more information, please call toll free at 1-800-358-6652 or visit UNO’s
web site at www.unomoneytransfers.com.
UNO Money Transfers is a leading provider of money transmitting services to
Latin America, the Caribbean and the world. Headquartered in Miami, Fla., UNO
is licensed in New Jersey, Massachusetts, Connecticut and Florida and has a
network of more than 500 representatives and agents throughout the United
States. Internationally, UNO has representatives in North America, Central and
South America, the Caribbean, most of Europe, as well as several countries
throughout Africa, Asia and the Middle East.


Russell Leaves TSAI

Transaction Systems Architects, Inc., a leading global provider of enterprise e-payments and e-commerce software, announced that David C. Russell, president, will be leaving the company.

“We sincerely appreciate Dave’s service to the company over the past dozen years,” said Larry G. Fendley, interim CEO. “His contributions in key areas of the company, and especially his role as `customer advocate’ have helped us develop the market-leadership position we now enjoy. We wish Dave well in his new endeavors.”

“I have enjoyed my time with TSA,” said Russell. “It has been a privilege to work with people committed to excellence, and to doing it on a global scale. The franchise is well-positioned for the next stage of success.”

About Transaction Systems Architects, Inc.

Transaction Systems Architects’ software facilitates electronic payments by providing consumers and companies access to their money. Its products are used to process transactions involving credit cards, debit cards, secure electronic commerce, mobile commerce, smart cards, secure electronic document delivery and payment, checks, high-value money transfers, bulk payment clearing and settlement, and enterprise e-infrastructure. Transaction Systems Architects’ solutions are used on more than 3,700 product systems in 78 countries on six continents.



Innovation and networked economy consultancy Crystal
Innovation, today announced that it has joined the MULTOS Global Supplier
Network. The Crystal Catalytic Process will enable MULTOS Issuers to identify
opportunities for the creation of innovative multi-application smart card

The process, starting from the very beginning of the product development
process enables card issuers to unlock the knowledge held within their
organisations and start realising its value. Using a proprietary collaborative
working environment, the Crystal Catalytic Process accelerates product
development by stimulating creativity in all participants. It then supports
selection, validation and testing of the concepts prior to driving the
solutions through to completion in a highly compressed timescale.
“The Crystal Catalytic Process is unique in taking organisations from the very
start of the development process.” Says Richard Cooper of Crystal Innovation.
“Unlike most consultancies and suppliers, we have expertise in drawing out
fledgling concepts and developing them into solid business propositions”
The synergy between the Crystal Catalytic Process and the MULTOS operating
system are clear, MULTOS provides the flexibility within the card operating
system and Crystal can help issuers make the most of it. Crystal’s unique
Catalytic Process will help card issuers using MULTOS to deliver innovative
multi-application smart card solutions in a fast, effective and robust manner,
focussing on creating sustainable business advantage.
About Crystal Innovation Limited
Crystal Innovation enables clients to create new business opportunities that
will be at the leading edge of their industry, by combining collaborative
working, client industry knowledge and extensive experience of innovative

Crystal are experts in the disciplines of knowledge management, balanced
scorecard, strategy, process, and facilitation, using technology to work both
smarter and faster. It’s methodologies have been developed and implemented
a variety of blue chip companies since 1996, including Nationwide, British
Airways, Mg technologies ag, TetraPak, Lotus Professional Services, Danske
and Severn Trent.

Crystal is made up of a multidisciplinary team that combines knowledge,
experience and energy in their approach and work style. It has a diverse
base across Europe, and has offices in London and Oslo. For further
information, please contact Richard Cooper, Crystal Innovation +44 (0)207
0437, e-mail Richard.Cooper@crystalise.com.
MULTOS is a highly secure multi-application smart card operating system
specification and supports a wide range of applications including e-cash, PKI
and interactive loyalty. This open standard is managed and developed by a
consortium of 13 of the worlds leading smart card companies, and is the only
commercial operating system to attain the security requirements of ITSEC
E6-high. (ITSEC is an independent and rigorous security evaluation scheme
supported by more than 14 countries worldwide, whose results are openly

published.) Third party software developers provide a broad catalogue of
applications and value-added services for card users and issuers that can be
deployed consistently across all implementations of MULTOS. Leading the
m-commerce market, the MULTOS hosted SecureSIM environment provides the
most secure multi-application SIM card for mobile phones. For more information
about MULTOS, visit www.multos.com.