Precis Acquisition

OK-based Precis Smart Card Systems has signed a definitive agreement to acquire Capella Group. The company, which has corporate offices in the Dallas/Fort Worth metro area, markets a national health care membership program under the name ‘Care Entree’. The health care card program had sales of $5.6 million last year. Upon closing the transaction, Judith Henkels, President and CEO of Capella Group, will become President and COO of Precis while also retaining her position at Capella Group.

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GCA Signs More

The five gaming properties of Kewadin Gaming Authority in Michigan recently signed a three-year contract to utilize the products and services of Global Cash Access. GCA is a supplier of cash access, financial management and customer relationship marketing technologies to the gaming industry. Global Cash Access was formed in 1998 and is a joint venture of First Data Corp. and M&C International, Inc.

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1000th RPM

InnoVentry Corp. announced this morning the installation of its 1000th ‘RPM’ automated financial kiosk. The news follows the recent completion of $253 million in funding from a syndicate of companies led by Capital One and Wells Fargo. InnoVentry deploys its machines in high-traffic national retail stores including Kroger, Albertson’s, Circle K, Texaco and Wal-Mart. ‘RPM’ machines enable unbanked customers to cash checks, withdraw funds and perform other financial functions and utilizes biometric face recognition technology. The company launched its first automated financial kiosk under the RPM brand in August 1999.

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World Call Card

Hong Kong-based Wherever.net has launched a new international roaming phone card. The ‘World Call’ card is a pre-paid phone card which can be used in major Asian countries such as Hong Kong, Japan, Singapore, as well as the U.S. and Canada. The phone card utilizes a customized IVR system and is able to provide different language support for various calls, depending on the call’s origin. The international roaming card is available in 100 unit cards, with plans to increase unit volume in the very near future.

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MerchantOnline.com 2000

MerchantOnline.com, Inc. reported Friday a net loss of $17,701,420 on revenues of $248,150 for the fiscal year ending Oct. 31, compared to a net loss of $2,440,328 on revenues of $204,080 for the prior fiscal year. The Company recorded a $4,089,429 charge due to equity in its Innovonics subsidiary. The Company also announced this morning a $3 million financing commitment from a group of investors. Founded in December 1997, MerchantOnline provides a secure transaction network that enables business and consumers to use one payment system for both their real world and virtual world needs utilizing credit cards, ATM/debit cards and other payment programs.

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Digipass 110

VASCO last week announced its ‘Digipass 110’ secure smart card. VASCO’s ‘Digipass’ provides anytime, anywhere, anyhow security through patented dynamic password and digital signature technologies. The ‘Digipass’ family of products now includes the ‘Digipass 110’ smart card, ‘Digipass 300’, ‘Digipass 600’ providing logical and physical authentication in one device, ‘Digipass 700’, ‘Digipass 800’ portable and secure smart card reader, and ‘Digipass Soft’, which combines the security advantages of Digipass strong authentication and digital signature with the flexibility of a software-based solution.

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