Internet Xmas Sales

Worldwide online holiday sales will reach $19.5 billion in 2000 compared to $10.5 billion for 1999. North America will continue to account for more than half of online holiday sales this year, but the other regions are gaining market share. Europe and Asia/Pacific are projected to grow 96% and 91% respectively. Online holiday shopping sales in Japan this year will increase more than 180% over 1999 revenue. The projections were made by San Jose-based Gartner Group.

Worldwide Internet Retailing Sales Forecast
Estimated Revenue ($billions) for 4Q/00
4Q00 4Q99
Region Revenue Revenue
North America 10.72 6.31
Europe 5.38 2.74
Asia/Pacific 1.60 0.84
Japan 1.31 0.46
Rest of World 0.52 0.18
Total 19.53 10.53
Source: Gartner Group

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ATM Coupons

California consumers who use an ATM at their local ARCO ampm store may get a little more than some crisp greenbacks. OH-based KeyCorp, which operates the ATMs, has begun issuing coupons with each transaction. The coupons offer discounts and promotions for goods and services at ampm and other companies such as Avis, FlowersUSA, Lenscrafters, Half.com and, most recently, Ocean Spray. KeyCorp operates ATMs at 683 ampm stores in 5 Western states including 450 ATMs in California.

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Elloter Terminals

Hypercom has been awarded a US$3 million contract with the Progress Company to support Moscow’s new electronic lottery with terminals. The new electronic lottery, called ‘Elloter’, was created by Moscow-based Progress Corporation and piloted using ‘ePic ICE’ terminals. Under the terms of the agreement, Hypercom ‘ePic ICE 5000′ terminals will be deployed in shops, post offices, metro and railway stations throughout Moscow during the next 24 months.’Elloter’ will feature six games. The first game, called “Happy 4,” calls for lottery players to select and enter four numbers onto the Hypercom card payment terminal. Up to ten four-number combinations can be chosen in any one transaction. The terminal then dials the host system and transmits all of the combinations. An authorization code is sent back to the terminal, which then prints a combination receipt and lottery ticket. Winning numbers will be drawn weekly and televised live. Winning customers present their tickets at an authorized retail outlet. The security code is checked on-line, and winnings are paid out. The lottery will be directed to Moscow’s 8.3 million residents and will benefit various city social and economic programs.

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ABSA Licenses PayWare

Trintech Group PLC, a leading provider of secure electronic payment infrastructure solutions, announced it has supplied ABSA in South Africa with the country’s first business to business card payment solution that can process transactions securely on behalf of the bank’s merchants. ABSA, one of South Africa’s largest banks, has licensed Trintech’s PayWare eAcquirer Purchase Card solution to support Visa Purchase Card merchant acquiring.

ABSA chose Trintech’s PayWare eAcquirer following a recommendation from Visa International, which has certified and implemented Trintech’s payment solutions. The implementation of PayWare eAcquirer establishes ABSA as a leading acquiring bank in the growing business-to-business (B2B) sector in South Africa. Furthermore, it establishes a technology platform that is capable of supporting B2B acquiring over the Internet and mobile devices. PayWare eAcquirer also provides a reliable VPC host solution in-house to ABSA. “Trintech enables ABSA to offer a scalable payment solution that supports our B2B Visa Purchase Card processing requirements,” says Pieter van Wyk, Deputy Operating Executive at ABSA. “We are committed to being at the forefront of e-commerce and taking full advantage of the opportunities in this industry. Trintech technology allows ABSA and our merchants to process card transactions securely and efficiently with a clear upgrade path to the exciting world of e-commerce.”

The relationship with ABSA reinforces Trintech’s leadership in the electronic payments market space. As part of the agreement, Trintech and ABSA will work together in extensive training and education seminars, marketing and sales engagements and in the future will work together on web-based channel support. “We are extremely gratified that one of South Africa’s most dominant acquiring banks has chosen Trintech as its technology of choice for Internet commerce,” says John Harte, EVP of Global Sales, Marketing and Services of Trintech. “ABSA has positioned itself at the leading edge of the banking community by implementing an advanced solution that fulfills the most exacting requirements of today’s merchants. With rock-solid security and efficient transaction processing provided by Trintech products, ABSA can stake a claim in the burgeoning South African market.”

About PayWare eAcquirer

PayWare eAcquirer is a payment gateway infrastructure solution for financial institutions, payment processors and card organizations, including eVisa. It enables them to authorize, capture, route and settle all card-based transactions originating from both the physical and virtual worlds of commerce, and can handle SSL or SET protocols. Included in this family of products is PayWare eAcquirer Merchant Manager which allows acquirers to manage merchant account handling and settlement of all types of card payments.

About ABSA

ABSA is South Africa’s leading provider of banking and financial services. Formed in 1991 the group is well established as a financial services group. ABSA has an established infrastructure, a complete range of retail and corporate banking, insurance and financial products and services as well as extensive local and international networks. This enables the group to interact with customers through a combination of physical and electronic channels, offering a choice of products and services — from basic offerings for the low-income personal market to customized solutions for the corporate market.

About Trintech

Trintech Group PLC is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, which was founded in 1987, offers a complete range of payment software products for credit, debit, commercial and procurement card applications. Trintech’s secure product range is deployed in over 35 countries worldwide and cover the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. Trintech’s range of scalable, open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for all card-based payments, including e-commerce and the emerging world of mobile commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94003 (Tel: 650-227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at . Investor information can be found at .

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Dovetail Hires Pyles

Dovetail Systems Inc., the provider of advanced payments processing applications and intelligent messaging solutions to the global financial services community, has announced another key addition to its management team. Warren S. Pyles has been appointed as Sales Executive, bringing with him over 25 years experience in marketing, sales and technical management in the computer and communications-based technologies in the Financial Services Industry.

Warren Pyles joins Dovetail after a four-year period with ACI Worldwide, Inc. As General Manager for Sales, he was responsible for all sales in the Americas (North and South) of the Corporate Banking software product line. Before this, Mr Pyles held the position of Vice President, Sales and Marketing at MINT Communication Systems, Inc., responsible for the business development and growth of middleware communications software to major banks, brokerages and exchanges. Prior to MINT, he was Vice President, Sales, for Logica Inc where he was responsible for worldwide sales of advanced Funds Transfer Systems and related communications software to major banks, brokerages and exchanges.

A BSEE graduate from Carnegie-Mellon University, Mr Pyles began his career at The Diebold Group, Inc, where, as a Staff Consultant, he was accountable for the development and fulfillment of computer-related business development consulting assignments within the US Fortune 500 corporations. He was promoted to Director after 12 months.

Mr Pyles joins a long list of high-level strategic hires for Dovetail. His appointment follows that of Janet Lewis, ex-SWIFT, to Senior Vice President and Director of Sales, and Kevin M Scully, ex-president of NEON, to Chief Executive Officer. Barry Tooker, formally of IBM and an experienced senior technical consultant to global banks and software firms, joins Dovetail as Senior Vice President Product Management.

Kevin Scully, CEO of Dovetail Systems, says:

“We are delighted to have attracted someone of Warren’s calibre to Dovetail. His experience and knowledge of the financial services industry will be a valuable asset in firmly establishing Dovetail as the premier provider of advanced payments processing applications.”

In addition to the news of Mr Pyles’ appointment, Dovetail has announced the opening of its New York office. The office, based at 30 East 39th Street, will accommodate the Dovetail Systems sales and marketing team. Product research and development will remain at Dovetail’s company headquarters in New Jersey.

About Dovetail Systems Inc.

Dovetail provides advanced payments processing applications and intelligent messaging solutions to the global financial services community. Through the use of the latest Application Server techniques, Dovetail’s unique technology dramatically improves the speed, reliability and security of the electronic transfer of funds between banks and other institutions. Dovetail continues a proud, three-decade history of delivering mission-critical payments and messaging solutions based upon the Intelligent Transaction Processing(tm) technology developed by the founding partners. These solutions include large-scale message switches and gateways, as well as funds transfer, cash management, and foreign exchange trading and netting systems. For more information, please visit: [www.dovetailsys.com][1]

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

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NPC Hires Munto

National Processing Company announced it has named Timothy L. Munto senior vice president of Multi-Lane Retail, reporting to Mark Pyke, executive vice president of Merchant Services. Mr. Munto’s responsibilities include the development and execution of the company’s strategy to drive the continued growth in the retail, petroleum and supermarket segments.

Prior to his move to NPC, Mr. Munto was responsible for managing the revenue and profit objectives of the Retail segment for eFunds SCAN(SM) (Shared Check Authorization Network), one of the nation’s leading check authorization networks serving retailers. Mr. Munto was employed with eFunds Corporation, formally Deluxe Electronic Payment Systems, Inc., for ten years. He also served, for ten years, as vice president of retail sales for Bank One, Dayton, Ohio where he was responsible for managing the business development efforts of their issuing and acquiring bankcard programs.

“With more than fifteen years of retail payments industry experience, Tim brings a wealth of knowledge, experience and a strong track record in the retail industry,” said Mark Pyke, executive vice president of Merchant Services. “Tim is considered a veteran in the industry and we welcome his expertise to NPC.”

Mr. Munto is a graduate of the University of Dayton with a master’s degree in Business Administration. Industry affiliations include membership in the National Retail Federation, Food Marketing Institute and the International Mass Retail Association. Mr. Munto has also been invited by The Board of Governors of the Federal Reserve System to participate in the Payments Systems Development Committee.

NPC president and chief executive officer Thomas A. Wimsett said, “The Multi-Lane Retail segment will continue to be vital to the success of our company. Tim arrives in the midst of exciting times in both the marketplace and NPC. We expect great things from the Retail Segment under Tim’s leadership.”

Mr. Munto said, “I am proud to be a part of a great organization that has set the standard for more than 30 years. This is a time of great evolution in the industry and NPC stands in the center ready to meet the challenge. The vision for NPC’s Retail segment is to continue its growth and leadership position in the industry by providing our current and prospective customers with innovative solutions and world-class customer service. The move to NPC has been exciting for me. I look forward to leading NPC’s Retail Segment and continuing the Company’s commitment to providing superior products and outstanding customer service.”

About NPC

NPC is a leading provider of merchant credit card processing and corporate outsourcing solutions. NPC supports over 500,000 merchant locations, representing one out of every six Visa(R) and MasterCard(R) transactions processed nationally. Approximately 88 percent of the company is owned by National City Corporation, a Cleveland based $85 billion financial holding company. Additional information regarding NPC can be obtained at [http://www.npc.net][1].

[1]: http://www.npc.net/

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Europe Internet

Credit card marketing is set to take off in Europe as the Internet reaches critical mass overseas. The UK is leading the way in Europe with 30.8% of its population connected to the Internet, representing 7.3 million households. Germany comes next with 24.7%, or 8.5 million households, followed by France with 16.6%, accounting for almost 4 million households online. According to London-based NetValue, the actual number of home Internet users in the UK now stands at 10.20 million, Germany at 10.47 million and France at 5.81 million. However, the most dramatic change is the split by gender: in July, a 40.5% of Internet users in the UK were women with 34.8% in Germany and 37.4% in France.

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E-Bill Giant

It’s official – Microsoft, First Data, Citibank and CheckFree have completed their merger of TransPoint into CheckFree. On Friday, CheckFree shareholders approved the issuance of 17 million shares of CheckFree Common Stock in connection with the merger. Effective this morning, Microsoft and First Data each have gained a seat on CheckFree’s Board of Directors. Named to the positions are Lewis Levin, who in addition to having served as president and CEO of TransPoint is a VP at Microsoft, and Ric Duques, chairman and CEO of FDC. The company’s main goal is integrate CheckFree’s electronic billing and payment technology with technology developed by TransPoint to create a common platform to simplify the creation and deployment of electronic bills on the Internet. As part of last week’s transaction, CheckFree has gained an exclusive five-year relationship with Microsoft to provide electronic billing and payment technology used in applications and services that Microsoft develops. During that time, Microsoft will guarantee a minimum of $120 million in revenue to CheckFree. First Data also has entered into a five-year relationship with CheckFree, during which time First Data and CheckFree will market and use each other’s products and services. First Data will provide at least $60 million in revenue and/or cost savings to CheckFree. First Data will sell CheckFree’s electronic billing and payment services to its customers. CheckFree has also agreed to use FDC’s electronic biller connections and range of electronic payment products and services. Immediately before closing the transaction, Microsoft, First Data and Citibank collectively contributed $100 million to TransPoint. CheckFree said it will hold a new conference Thursday to detail the impact of the transaction. (See CF Library 2/16/00)

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Austrian Olympic Card

IDT Corporation is proud to announce that IDT’s European subsidiary, IDT Europe B.V.B.A., has been selected by the Austrian Olympic Committee as the official carrier and prepaid phone card supplier for Austria in the 2000 Olympics to be held in Sydney, Australia.

IDT is a leading multinational carrier, telephone company and Internet Service Provider.

“It’s great. I feel like we’ve just won an Olympic Gold Medal in telecommunications,” said Howard Jonas, IDT’s Chairman and CEO. “Clearly, this means that the European community recognizes IDT as one of the leading telecommunications companies on the continent.”

As part of its official duties, IDT will produce and supply the Austrian Olympic Committee with commemorative prepaid phone cards bearing the official seal of the Austrian Olympic Committee and both the Sydney 2000 and IDT logos. The phone cards will be sold by the Austrian Olympic Committee throughout Austria and southern Germany.

“Since establishing IDT Europe two years ago, we’ve worked relentlessly at building out our network and providing the highest quality and most reliable communications services to the people of Europe,” said Yoav Krill, IDT’s Senior Vice President and Managing Director for Europe.

The phone cards will be made available in varying denominations of the Austrian Shilling, and may be used throughout Europe and Australia to call just about anywhere in the world.

In July of this year, IDT Europe announced that its Unity card, the Company’s flagship pan-European calling card product, was expanding into four additional countries, including Belgium, Ireland, Sweden and Spain. This expansion made IDT’s prepaid phone cards available in nine European countries and will enable it to continue to be one of the most successful prepaid calling cards in the European market.

“IDT is very pleased with its success in the European marketplace, and we hope to achieve similar success throughout the world,” said Jim Courter, IDT President and Vice Chairman. “Our goal is to be the global leader in telecommunications.”

IDT Europe B.V.B.A., through its subsidiaries and affiliates, has offices in nine European countries and provides its customers with competitively-priced wholesale carrier services and retail products. It also operates a network of data center operations in major European business centers and has announced plans to begin operations in Milan and Stockholm later this year. IDT is a leading facilities-based multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide.

Through its own telecommunications backbone and network infrastructure IDT provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and Digital Subscriber Line (DSL) service. The Company’s Ventures division is developing several innovative telecom and Internet related businesses.

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Moneybox Hits 1000

Moneybox Corporation Ltd, the UK market leader in convenience cash machines or Automated Teller Machines announced that it has passed a major corporate milestone by installing its 1000th ATM.

The 1000th ATM has been installed in an independent convenience store in West Hampstead, which is situated close to a mainline train station and underground station to serve obvious customer demand. Up until now, people have regularly entered this particular store and asked for the location of the nearest bank ATM, to be told that they will have to walk for 10 minutes to get cash.

Moneybox is now one of the top 10 largest ATM networks in the UK – with more ATMs available than many banks and building societies. The Company also reported that since its launch 14 months ago, over 6 million transactions have now taken place through its ATMs.

Commenting on this announcement, Paul Stanley, Managing Director of Moneybox, said: “Passing the 1000th ATM mark by the summer of 2000 has always been our primary target and we are delighted to have achieved it. With the extent and range of our network, coupled with our LINK membership, Moneybox has created a solid platform from which to grow well beyond the original targets set, and we intend to install at least another 1,000 ATMs.

“In addition we have been extremely sensitive to ensure that we build a viable long-term business and our sites enjoy high levels of transactions volumes. Going forward we believe there is considerable capacity in the market not only for ATMs, but also for the related services and products available as a result of the increased functionality of the technology. We will be making further announcements about these developments in the near future.”

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Oberthur Macau

Oberthur Card Systems, one of the world?s leading suppliers of smart cards, Visa & MasterCard cards, announced last week its success in winning a contract to supply Companhia de Telecomunicações de Macau S.A.R.L (CTM) with SIMphonIC 32K cards for use in Macau Special Administrative Region of China.

In a record 3-month application development project – from inception to launch – Oberthur has delivered the first SIM toolkit and Mobile Banking application in Macau. Oberthur?s award-winning SIMphonIC card is the world?s first Java-powered SIM Toolkit card and the first in the market to comply with the industry recognized standards. By using the large capacity and efficient memory allocation provided by the 32K version tailored specifically to CTM, multi-applications and value-added services including mobile banking, wireless information, stock and margin trading services can be delivered securely to subscribers? mobile phones.

Oberthur?s card solution will enable CTM?s partnering banks to link a full portfolio of banking services to their customers in Macau.

This contract highlights Oberthur?s lead in introducing new mobile commerce initiatives to the Asian market, which has become the largest growth market for mobile commerce with mobile subscriptions reaching over 100 million users. It is the latest in a series of successful launches in the region including:

· Mobile banking and stock trading services through Cable & Wireless HKT,

· Mobile betting services with the Hong Kong Jockey Club,

· Mobile stock trading in Taiwan through WAYIA,

· ?Information on demand? service in Singapore through Mobile One.

Oberthur Card Systems? General Manager in Hong Kong and Macau, Euan Tennant said, ?Thanks to Oberthur?s expertise in providing innovative mobile banking solutions, subscribers in China are now being offered the most sophisticated smart card technology available. This contract with CTM is testament to Oberthur?s position as the leading authority in mobile commerce and mobile banking and further strengthens our growing presence in Asia. The experience we have through setting up similar projects in Hong Kong ensures that Oberthur Card Systems is the only partner to offer tailor-made mobile banking solutions that could be delivered to market quickly and efficiently.?

About Oberthur Card Systems:

Oberthur Card Systems (Code SICOVAM 12413) is a global leader in the area of smart cards, specializing in the design and production of solutions based on microprocessor cards (smart cards), memory and magnetic stripe cards, as well as associated services: Personalization and Card Management. Oberthur has a large portfolio of products and offers solutions in the areas of banking, pay TV, mobile telecommunications, electronic commerce, security, health care, and transportation.

Number one supplier of VISA and MasterCard cards in the world, the company is also world leader in the development and marketing of solutions for mobile and electronic commerce. It is also the first global supplier of cards for pay TV. Firmly committed to open standards, Oberthur backs Java Card, Open Platform, MULTOS and Windows for Smart Cards, and it is the first supplier of Java cards.

Oberthur Card Systems employs more than 3,000 people worldwide. The international reach of Oberthur is ensured through 30 sales offices and 13 manufacturing sites around the world.

Internet sites: [http://www.oberthurusa.com][1] ; [http://www.oberthurcs.com][2]

About Companhia de Telecomunicações de Macau

Companhia de Telecomunicações de Macau S.A.R.L. (CTM) is a leading telecom operator in Macau and offers a full span of high-quality telecom services at competitive prices. Its comprehensive scope of services covers fixed telephone and mobile phone services, IDD and prepaid calling card services, Internet, e-commerce, on-line shopping, and many others. As an innovative company, CTM commits new investments on a continuous basis to improve the telecom infrastructure of Macau and meet the ever-changing demand of the local population for advanced communications services.

[1]: http://www.oberthurusa.com/
[2]: http://www.oberthurcs.com/

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eCharge CFO

eCharge Corporation, the global online payments company, announced that Douglas Fletcher has been promoted to chief financial officer. Mark Tremont, who previously served as CFO, remains as chief operating officer of eCharge Corp. as well as chairman of eCharge Bank.

Fletcher joined the company in earlier this year as vice president of finance after a 13-year career at Citigroup, most recently as managing director and general manager of the leasing division for the global equipment finance group in New York. Prior to joining Citibank, Fletcher was a group CFO at International Paper Company.

“In his short tenure at eCharge, Doug has provided excellent leadership and guidance to the finance team,” said Truett Tate, president and CEO of eCharge Corp. “His past experience in building a powerful business has led him to create many of the financial controls and disciplines needed to prepare eCharge for its aggressive global expansion.”

Fletcher is responsible for all financial functions including financial control and reporting, treasury and cash management, planning, and investor relations for eCharge Corp.

About eCharge Corporation

eCharge Corporation is a global payments company providing secure and convenient ways to make purchases online. The company’s products, eCharge(SM) Phone and eCharge(SM) Net Account, virtually eliminate fraud and can increase revenue for strategic partners worldwide. eCharge Phone enables the purchase of digital goods and services to be charged to the consumer’s phone bill. eCharge Net Account is an Internet purchasing solution offering consumers and merchants security and convenience not available in any other online payment method. Founded in 1997, and headquartered in Seattle, Wash., eCharge Corp. has offices in Vancouver, British Columbia; London and Tokyo. For more information go to [http://www.eCharge.com][1].

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

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