AUSTRALIA

Dallas-based Carreker Corp. has signed a new fraud prevention contract in
excess of $1 million with one of the largest banks in Australia and has
completed its first licensing agreement in the UK to provide its
‘eiManager’ ATM monitoring software to Halifax plc. In Australia, Carreker
will provide its ‘FraudLink On-us’ and ‘FraudLink Deposit’ software to
monitor potential fraudulent activity across all check transactions within
the bank’s operations. In the UK, Carreker’s ‘eiManager’ will provide ATM
fault and device monitoring, as well as automated dispatch and escalation
of service requests, to the more than 2,500 ATMs operated by Halifax
throughout the U.K.

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Mont Ward Cards

With the Montgomery Ward bankruptcy underway, GE Capital is now replacing Montgomery Wards credit cards with Wal-Mart credit cards. Montgomery Ward filed bankruptcy in December and is in the process of unloading assets. GE’s Georgia-based Monogram Credit Card Bank began mailing out replacement cards on Monday. Monogram charges an APR between 13.24% and 21.24%, based on credit risk, for the Wal-Mart credit card, according to CardWatch ([www.cardwatch.com][1]). GE currently manages or owns more than 100 million credit card accounts with approximately $25 billion in receivables, according to CardData ([www.carddata.com][2]).

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

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Intell-A-Check CEO

Intell-A-Check Corp., a leader in electronic payment solutions, announced the appointment of A. Joseph Gage as its chief executive officer. Mr. Gage brings more than 20 years experience in the financial services industry to the company’s management team.

As CEO, Mr. Gage is responsible for accelerating company growth and development, and plays a key role in the company’s marketing, sales, product strategy and business development initiatives. Prior to joining Intell-A-Check, Mr. Gage was president and CEO of GO Software, Inc., a venture funded developer and marketer of credit card and other payment processing software for traditional and Internet merchants. During his tenure, GO Software achieved annual revenue growth of 90 percent, executed product and co-marketing agreements with VeriFone, Visa, IBM and other leading e-commerce companies, and was acquired by Network Commerce (NASDAQ: NWKC), a leading e-commerce infrastructure provider.

“Early on Intell-A-Check recognized the growing trend of companies in the payment processing industry moving from paper to electronic-based methods of billing, documentation and authorization, and has developed its technology to meet these needs,” said Louis Obssuth, President of Intell-A-Check. “Joe’s demonstrated track record of proven revenue growth coupled with his extensive financial services experience makes him the ideal candidate to lead Intell-A-Check in continued growth.”

Since leaving GO Software, Mr. Gage has been a consultant to several companies in the e-commerce and payments arena, leading strategic planning, marketing, product development and infrastructure development for companies such as NXT Corporation, a leading transaction and networking company recently acquired by US Wireless Data (NASDAQ: USWE.OB), as well as a leading peer-to-peer (P2P) payments infrastructure company.

Prior to GO Software, Mr. Gage was vice president product management for First Data Corporation’s (NYSE: FDC) merchant payment business. During this time, Mr. Gage had comprehensive responsibility for developing, implementing and managing product strategy for First Data’s Advanced Products group, which accounted for approximately 50 percent of First Data’s credit card authorization and deposit transaction volume and revenues.

Mr. Gage is 42 years old and received his Bachelors of Science in Mathematics, Cum Laude, from New England College in Henniker, New Hampshire.

About Intell-A-Check, Corp.

Founded in 1993, Belleville, NJ-based Intell-A-Check, Corp. provides electronic payment solutions to Fortune 1000 organizations in the financial services, telecommunications, utilities and retail (mail-order/ telephone-order) industries. Its flagship product, Intell-A-Check!(TM), enables companies to accept check-based payments over the phone, via the Internet, or through a VRU (voice response unit). The Intell-A-Check! Service Bureau offers database hosting, real-time check authorization, and ACH settlement services. The company is a Microsoft Commerce Partner, an Avaya CRM Solutions Alliance Network Member and an Affiliate Member of the National Automated Clearing House Association. For additional information, contact Intell-A-Check, Corp. at 800-946-8355, or via the Web at [http://www.icheck.com][1].

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

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Wireless Advertising

SkyGo released the results from a wireless marketing study that show permission-based alerts delivered to wireless phones capture consumer attention, drive action and build brand awareness. During the study, 37% of the participants opted to provide their credit card information and sign up for an electronic wallet, enabling them to respond to advertisements and make purchases over the wireless Internet. VISA says it was particularly excited by the number of participants who opted to sign up for the electronic wallet and says it will enable members to understand this new ad medium. NextCard and Catalina Marketing also joined in the wireless study. SkyGo says 64% of the ads SkyGo delivered as WAP alerts to mobile phones were opened by consumers. These alerts generated an overall ad recall rate of 58%, and 15% of the ads resulted in action or planned action.

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BELGIUM

Proton World announced that it had joined the Global Mobile Commerce
Interoperability Group, an open organisation for the development of
secure wireless payment standards.

Proton World joins the other 61 members of GMCIG, including financial
institutions, telecommunications network operators, wireless device
manufacturers, mobile technology and content providers and payment card
organisations. GMCIG was formed in June 2000, and has several working groups
that will submit draft wireless payment standards to existing wireless
standard
organisations, such as the WAP Forum, ETSI , Radicchio and others.
The draft standards being worked on at present are

This move reflects the added emphasis placed on mobile commerce by Proton
World. The recently-launched Proton Prisma family contains applications and
toolboxes for m-commerce transactions that are currently in development, and a
proof-of-concept Proton Prisma SIM card for Wireless Cardholder Authentication
was recently demonstrated at the 3GSM World trade show in Nice.

Peter Stroo, Product Manager at Proton World, said “One of Proton World’s
raisons d’être is to support efforts to create international standards for
products in the sectors where we are active. As we are developing a range of
products in the sectors covered by the work of GMCIG, we look forward to being
able to both contribute our experience and expertise to its discussions and to
learn from our fellow GMCIG members.”

Olivier Denis, Product Manager, Europay International and Chairman of a GMCIG
Working Group, said “Proton World’s participation in the GMCIG highlights the
Group’s key role in the development of a global vision and architecture for
mobile payments in the telecommunicationss and payments industries. Proton
World’s commitment to global payment standards will help to realise this
vision, contributing to the development of the mobile-commerce market.”

Notes for Editors THE GLOBAL MOBILE COMMERCE INTEROPERABILITY GROUP (GMCIG) was formed in June
2000. Comprising banks, telecom network operators, handset manufacturers, chip
card manufacturers and software vendors, its ambition is to promote the
development of secure, global mobile payment services around the world to
benefit consumers and the companies involved.
The GMCIG members are working together towards a future where consumers
will be able to use their mobile phones.

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CANADA

Canadian Tire Acceptance Limited confirmed the sale of its Hamilton
Discount Corporation Limited subsidiary to The Associates. Hamilton is a
provider of private label credit card programs to some of Canada’s largest
retailers. As part of the deal, The Associates will also purchase from CTAL
outstanding credit charge receivables managed on behalf of a third-party
retailer. Total cash proceeds from both transactions will exceed $135
million with a net pre-tax gain to CTAL of approximately $8 million. The
deal does not affect Canadian Tire’s other credit card products including
the ‘Options MasterCard’ and proprietary Canadian Tire retail card. Both
cards are profitable, growing about 24% annually. Under last week’s
agreement, The Associates will retain all 117 HDC employees across Canada
and will continue to operate as Hamilton Discount Corporation Limited.

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EPX Bank

Electronic Payment Exchange, a full-service payment processing company, launched epxbank.com, an online bank developed for the convenience of its merchant client base.

The launch marks the final step in completing the first true end-to-end ePayment solution available to merchants, offering the first direct link between merchant account and operating account reporting functions. epxbank.com is a private-label version of thebancorp.com, an online bank located in Wilmington, DE. The new service will act as an extension of the merchant services portion of EPX’s business, enabling merchants who maintain their operating account at epxbank.com to audit their credit card and ACH deposits, chargebacks, returns and fees online.

Clients who use the bank are able to log in directly from EPX’s website. Merchants can easily compare their online account statement to their online credit card transaction data, which includes all real-time transaction reporting and complete chargeback documentation and presentment conducted by the merchant.

“A common complaint we heard from merchants, especially from their finance group, was the inability to reconcile their bank account with their payment processing activity on a daily basis,” explains Ray Moyer, CEO of EPX. “Linking their payment processing reporting to their online bank account reporting was the solution we’ve introduced with epxbank.com.”

According to Moyer, one of EPX’s primary goals is to simplify business payment acceptance by providing a “one stop shop” for payment services. The company already acts as ISO, front-end software provider, underwriter, and provides back-end settlement and reporting to its client base. With epxbank.com, EPX is now the first company to provide a direct link between real-time online transaction reporting and operating account reporting functions. The website, [www.epxbank.com][1] is currently functional and has already enlisted a number of EPX’s merchant base. The company plans to roll-out the capability to its entire client base in late-March.

About EPX

Founded in 1979, EPX is a full-service ePayment processing company, which specializes in enabling businesses to accept credit card, debit card and electronic check transactions. Notable EPX milestones have included: processing the first Internet credit card and electronic check transactions, developing the first real-time transaction reporting website and creating the first merchant financial risk transfer processing guarantee for banks. EPX has a vast array of clients, from small businesses to Fortune 500 companies, such as DuPont, Verizon Wireless and Metrocall, and currently processes over $4 billion in Internet transactions a year. For more information, please visit us on the Web at [www.epx.com][2].

[1]: http://www.epxbank.com/
[2]: http://www.epx.com/

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CANADA

CIBC reported that credit card balances grew 22% during the quarter ending
Jan 31. CIBC is the number one card issuer in Canada with a total portfolio
of more than 3.2 million accounts and more than $8 billion in outstanding
balances. In the premium card segment, CIBC has more than 40% of market
share based on purchase volumes. Revenue was $260 million in the quarter,
up $46 million from the first quarter of 2000 due to rising balances and a
22% increase in purchase volumes.

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FRANCE

ActivCard indicated this week it expects to break even at an operating
level at the end of this year. ActivCard reportedly projected sales to rise
between 100% to 120% from the $18 million posted last year. ActivCard
supplies digital identity and certification software to enable
secure Internet transactions like online banking and commerce and remote
access to corporate networks. Backed by partners like Microsoft and U.S.
giant Schlumberger, ActivCard wants to target the corporate market with
secure ID cards which could let staff into
offices and computer systems while offering digital signatures to seal
deals online and financial services to cover corporate expenses.

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MEXICO

Beverly Hills, CA-based MAXX International and NY-based Telstar
International have set plans to begin marketing affinity prepaid telephone
cards in English and Spanish featuring Pope John Paul II along with
selected prayers by his Holiness printed on the cards. This is the first
time that photographs of the Pope, along with his prayers, will have
appeared on prepaid telephone cards. The marketing will begin in two
weeks. A series of four prepaid telephone cards will be marketed throughout
the USA, Mexico, Canada, Brazil, Argentina, the Philippines and Peru. The
cards will be sold in denominations of $5, $10 and $20. MAXX will also
distributed the cards through religious stores, religious gift shops,
religious publications, and its Internet sited TheGospel.com. Last summer,
Maxx signed an exclusive license agreement with the Treasures of St.
Peter’s in The Vatican for the rights to market and distribute
Vatican-branded credit, debit and telephone cards. There are approximately
60 million Catholics in the USA and over one billion Catholics worldwide.

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Toyota Smart Card

Toyota Motor Corp. said yesterday it will unveil a smart credit card in Japan next month. Last year Toyota established a Toyota bank subsidiary to issue the new credit card. According to The RAM Report, Toyota secured the right of direct issue from VISA International and MasterCard International in March 2000. Under terms of the VISA/MC deal, Toyota is authorized to cobrand with other companies to use the VISA or MasterCard name and is permitted to build its own network of affiliated retailers. The new ‘Toyota Credit Card’ will also contain a chip that will be used track cardholder activity. Reportedly Toyota will venture into other financial services including banking and brokerage services. Toyota projects it will sign up 5 million cardholders within the first four years. The automaker also predicts profit from financial services will top $800 million by 2005. The new Toyota credit card will be marketed through Toyota’s dealership network in Japan. There are no immediate plans to market the card outside Japan.

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CHINA

Bank of China ATMs are now accepting JCB cards across China. JCB and the BOC
held a ceremony two weeks ago. Currently, JCB credit cards are also
accepted at
more than 25,000 different locations in China. With business transactions
exceeding 400 million renminbi (US$48.38 million) annually, JCB has also
signed
agent-bank agreements with the Industrial and Commercial Bank of China, the
Construction Bank of China and the Bank of Communications. It has worked with
the BOC since 1982.

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