Lawson & Bond to FI

Fair, Isaac and Company, Inc. announced the appointment of Hedley Lawson Jr. to senior vice president of human resources and Jonathan (Jon) Bond to senior vice president of finance. Lawson and Bond both report to Henk Evenhuis, executive vice president of Corporate Services and CFO at Fair, Isaac.

“We are fortunate to have Hedley and Jon join us at this important time for the company,” said Evenhuis. “Their unique background and deep expertise in their disciplines will go a long way in helping us focus our resources and hire additional talent as we move forward with our Web-based initiatives.”

Hedley Lawson brings over 28 years of human resource management experience to his new position as senior vice president, Human Resources at Fair, Isaac. He most recently served as vice president, Human Resources for the Americas division of SOLA International, Inc., a worldwide leader in designing and manufacturing eyeglass lenses, with approximately 7,400 employees in 30 countries and $550 million in sales. His extensive experience also includes serving as senior vice president of human resources for SOLA Optical USA. Lawson earned a B.A. in political science from Sonoma State University, Rohnert Park, Calif., and an M.P.A. in human resource management/organizational development from Golden Gate University, San Francisco, Calif.

Jonathan Bond has over 25 years of experience in private industry and public accounting. Bond most recently served as CFO for Altitude Software, a manufacturer of call center software, where he was involved in the company’s IPO. He was also chief financial officer for Versata, Inc., a B2B provider of e-commerce applications, and Intrepid Systems, among others. He began his career with Touche Ross & Co. (now part of Deloitte & Touche, LLP) in London and rose to become partner in charge of the Audit practice for the San Francisco office. Bond is a member of the California Society of CPAs and is a Chartered Accountant in the UK. He holds a B.S. in economics and accounting from the University of Bristol, United Kingdom.

Fair, Isaac is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies seven times in the last eight years, and was named by InformationWeek as one of the top 50 application service providers. Headquartered in San Rafael, California, Fair, Isaac has 21 offices worldwide.



NY-based TNT Post Group has launched ‘WebCollect’. The new online service enables consumers in over 40 countries around the world to buy products on the Internet and pay by credit card, bank transfer, check or invoice. ‘WebCollect’ was introduced as a pilot with Apple Computer in August 1999. ‘WebCollect’ allows e-tailers to control the flow of funds through a single interface in over 40 countries, enabling payment by locally accepted payment methods. It also allows e-Merchants to deal with only one single interface for payments, instead of a complex network of banks and payment companies.


Isracard to use Cyota

Isracard, Israel’s leading credit card issuer announced a groundbreaking partnership with Cyota, an international online payment security company, to eliminate online credit card fraud. With SecureClick, Cyota’s innovative system, Isracard cardholder’s will be able to conduct completely safe transactions online. Cyota’s SecureClick allows consumer to make purchases online without revealing their real credit card number. The system replaces the number with a unique, protected number, and also checks the customer’s final invoice for discrepancies.

“Isracard intends to take a leading role in the rapidly developing world of e-commerce and online purchasing, and has set itself a goal to assist in speeding the growth of e-commerce, where the credit card is a leading payment method.” Says Haim Krupsky, Isracard CEO “the cooperation with Cyota and the activation of this innovative security system will lead to a substantial change in the purchasing habits of the online users, and to the growth of this shopping channel. This channel will shortly become popular, competitive and substantial in the international retail business. As a leading issuer in Israel, Isracard is committed to lead the technological trends and changes in the credit card industry, with efficient and feasible solutions. SecureClick enables Isracard’s customers to shop with full confidence.” Isracard and Cyota teamed up to prepare for a wide-range pilot of the new system, and Isracard expects to begin offering SecureClick to all cardholders by January 2001.

“We applaud Isracard’s commitment to online security,” says Gary Heatherington, Cyota CEO, “and are pleased to provide them with an innovative, executable online fraud solution for their clients.” Isracard responded to recent research indicating that a majority of the Israeli online population does not purchase on the Internet due to security and fraud concerns.

About Isracard

Isracard Ltd has been a market leader in the Israeli card industry for 25 years. Isracard is owned by Bank Hapoalim, the country’s largest and leading bank, and offers credit card services to merchants in Israel and cardholders both locally and overseas. Some 90,000 businesses in Israel accept the card, and through the MasterCard/Eurocard International Network it is accepted by 16 million businesses worldwide. Isracard issues the local Isracard credit card, as well as MasterCard, AmEx and Visa. It has over 1 million customers.

About Cyota

Cyota is an online payment security company founded in 1999 by four veterans of elite intelligence units in the Israeli Defense Force. SecureClick, developed under the supervision of a world leading security expert, Prof. Adi Shamir, is Cyota’s flagship product that provides credit card issuers and their customers complete online fraud protection. The company is headquartered in New York City, with an R&D subsidiary in Israel. Cyota is a privately held company, backed by a global venture capital corporation. For more information, please contact Cyota or visit our web site at .


Tuccillo to MC

MasterCard International announced the appointment of Dan Tuccillo to the position of senior vice president, Deposit Access Programs for MasterCard International’s North American Region. In this position, Tuccillo is responsible for the development and execution of MasterCard’s North American debit strategy and programs including online/PIN-based and off-line signature-based debit, CIRRUS and Maestro activities.

“Dan’s strategic planning and management expertise within the banking industry will facilitate growth of MasterCard’s North American debit programs. We’re looking forward to him producing the same type of results as he did for Mellon Bank, where he increased customer profitability dramatically,” said Ruth Ann Marshall, president, North American Region, MasterCard International. “We are pleased Dan is a part of the MasterCard team.”

“My goal is to forge and execute a strategy that leverages the tremendous talent base and superior programs MasterCard has in place to enable our members to profit from the growing demand for deposit based payment solutions in an increasingly web and wireless-oriented world,” said Tuccillo.

Most recently senior vice president of managed Consumer Financial Services at Mellon Bank, Tuccillo brings nearly two decades of marketing, strategic planning, sales management and development and business line management to MasterCard. In addition, Tuccillo served on Mellon Bank’s Senior Management Committee and headed the Consumer Financial Services Line. Tuccillo joined Mellon Bank in April 1994 as head of Retail Marketing and Affinity Financial Services, responsible for the organization’s relationship with the American Dental Association.

Prior to joining Mellon Bank, Tuccillo was director of Commercial Marketing and Planning for Fleet Finance. He was responsible for wholesale strategic planning, marketing, database marketing, MIS systems, pricing, and sales management and development. By the mid-1980s, Tuccillo joined Marine Midland overseeing the development of, and managing Marine Midland’s centralized Business Lending group. Before joining Marine Midland, Tuccillo spent six years with The Bank of New York. While at the Bank of New York, Tuccillo was a member of the steering committee that formed NYCE, later serving as a director and treasurer.

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of 22,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. With more than 18 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard card. In 1999, gross dollar volume exceeded US$727 billion. MasterCard can be reached through its World Wide Web site at [][1].



eMillennium Phones

Alberta-based QuorTech Solutions announced Wednesday it is beefing up its family of ‘Millennium’ payphones. The new ‘eMillennium’ phone is a robust kiosk and paid telephony platform in a payphone enclosure. QuorTech has just completed its Alpha product and will have the Beta product available early this Fall. The new high tech phone includes a 6.5” color screen, keyboard and a mouse enabling users to surf the web, check e-mails, make online purchases. The consumer can pay for access to these applications with a credit card, a smart card or even coins. In addition, the new ‘eMillennium’ can be used as a high-speed data port, by allowing the consumer the ability to access the web by plugging a laptop into the Ethernet data port on the terminal.


Ptek Sells Phone Card Biz

Ptek Holdings announced it has signed a binding letter of intent with Telecare, Inc. to purchase Ptek’s retail calling card business. Specific financial terms of the deal were not disclosed. Telecare, a long-distance reseller based in Indianapolis, has been a long-term wholesale customer of Ptek’s Voicecom business unit. The transaction is expected to close within 30 days.

“We’re pleased that one of our long-time customers, Telecare, has agreed to purchase our retail calling card business and believe it will be a great asset for them,” said Jeffrey A. Allred, president and COO of Ptek Holdings. “This move allows us to focus on our core services, while retaining the revenue stream from our wholesale calling card business.”

Telecare has more than 10 years experience in the telecommunications industry and long-standing relationships with its customers. The company has been a Ptek customer for more than five years and has first-hand knowledge of its organization and customers. Ptek plans to transfer its customer base to Telecare in a way that ensures a seamless transition. In addition, several key Ptek calling card associates will be involved with the day-to-day management of the business after the closing.

About Ptek Holdings, Inc.

Ptek Holdings, Inc. (Nasdaq:PTEK) is a network of leading Internet and business-to-business service providers. Ptek’s operating companies include Xpedite, Voicecom and Premiere Conferencing. The Company’s PtekVentures investment unit has ownership interests in Healtheon/WebMD (Nasdaq:HLTH), S1 Corporation (Nasdaq:SONE), USA.NET, Webforia, Derivion, i2Go, BuyTrek,, Ntown, PlanetJam Media Group and Ptek leverages the technologies, management expertise, market channels and capital of its network to drive growth and promote market leadership throughout its operating and network companies.

Ptek Holdings corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta 30326. Additional information can be found at [][1].



PayFlow Fraud Fighter

VeriSign introduced a fraud screening service to enable online merchants to distinguish between legitimate shoppers and fraudulent users in real-time. The new ‘Payflow Fraud Screen Service’ is based on the ‘eFalcon’ fraud scoring technology from HNC. ‘Payflow Fraud Screen Service’ leverages eFalcon’s use of sophisticated neural networks and advanced data mining techniques to uncover an individual cardholder’s buying patterns, raising caution flags when patterns are abnormal. When an online merchant transmits a credit card transaction to the ‘Payflow Fraud Screen Service’ for authorization and fraud evaluation, the service assigns each prospective transaction a score expressed as a number from 1 to 999, based on established variables that are valid in predicting fraudulent purchasing behaviors. VeriSign says it is using a flat-fee pricing model instead of the pay-per-transaction model. Experts estimate that e-tailers will be liable for about $600 million worth of fraudulent online purchases during year 2000.


ShopRite & Cybermoola

Internet start-up Cybermoola Inc. announced an alliance with ShopRite, a leading supermarket chain, that makes web-spendable Cybermoola available for purchase throughout the chain’s 190 outlets nationally. For the first time, consumers can use cash at ShopRite stores to buy Cybermoola, which can be used as an alternative to credit card payment for Internet transactions at various web stores.

“Now people without credit cards, or people who prefer not to use credit cards for online purchases, can enjoy the convenience of Internet shopping,” said Eric Freeman, CEO of Cybermoola Inc. “This includes consumers who do not wish to use credit cards online because of security fears, college students and teenagers who do not usually have credit cards, and other cash-dependent consumers.

“ShopRite was our first priority when selecting a retail partner because of its sales volume and commitment to customers,” continued Freeman. “Supermarkets are a natural distribution point for Cybermoola(TM) because they provide a trustworthy environment for buying goods, and because they are visited so frequently by shoppers of all types.”

Jupiter Communications forecasts that the credit card industry’s 95 percent share of online transactions will drop to 81 percent by 2003, with prepaid mechanisms like Cybermoola leading the way. Using Cybermoola to convert cash into Internet-spendable cash, consumers can now shop online in a way that mirrors their preference to shop with cash in brick-and-mortar stores.

“Using Cybermoola, I can shop on the Internet without worrying about adding to my credit card balance,” said Laura Walden, a 27-year-old Cybermoola shopper from Oakland, Calif. “Also, by spending cash on the web, I’m no longer concerned about getting my credit card information stolen.”

Beginning August 13, Cybermoola will be available for purchase in all 190 ShopRite stores. Cybermoola is printed in-store by the Catalina Marketing Network(R). Each printed certificate holds a 16-digit unique serial number (USN). The certificate has a stored dollar value equal to the amount paid to the cashier. Shoppers can use cash to buy Cybermoola in denominations of $20-$100 and then activate the certificate by going to [][1] to establish their account.

About ShopRite

ShopRite is the largest retailer-owned cooperative in the United States, with annual sales over $6 billion. Each week, ShopRite serves over four million customers in 190 stores with locations in New Jersey, New York, Pennsylvania, Connecticut and Delaware.

About Cybermoola, Inc.

Launched in September 1999, San Francisco-based Cybermoola Inc. is a pioneer in cash-based payment for shopping on the Internet. Cybermoola is prepaid e-money that enables shoppers to purchase merchandise online without a credit card or bank account. It is the first prepaid Internet cash card to be sold in-store at a major national retail chain. This safe and easy-to-use payment option helps e-tailers and retailers transform online and offline consumer traffic into actual online sales. Customers can use Cybermoola online at a complete range of web retailers to purchase clothing, music, books, sporting goods, cosmetics and more. In addition to its in-store availability, Cybermoola can be purchased online at [][2].



College MasterCard

College Parents of America and Debix Systems unveiled a pre-paid stored-value MasterCard this morning. The new debit card is obviously geared towards families of college-age students. The ‘College Parents of America MasterCard’ can be used to obtain cash from an ATM machine and for purchases. Parents, as well as students, can regularly track spending activity and remaining balances via a Web interface. The card is also re-loadable whereby students and parents can add additional funds via the Web or by calling the toll-free customer service line. CPA and Debix also announced they are offering a credit card version of the MasterCard under which parents can set credit limits and monitor the account. Parents who acquire either CPA card for their student will receive the College Parents of America/MasterCard International produced booklet “Money Talks — Helping Your High School and College-Aged Children Master the Financial Facts of Life.”


Hypercom Brazil

SmartNet has selected Hypercom transaction software, Internet-enabled card payment appliances and networking equipment for a nationwide network it is developing to streamline payment transactions in Brazil. SmartNet’s first two customers, VR Group and SETRANSP, anticipate deploying more than 120,000 Hypercom contactless smart card ‘ePic ICE 5500’ card payment terminals within the next 24 months. SmartNet is a newly-created independent network service provider in Brazil. The SmartNet network will offer services such as voucher and ERC to merchants throughout Brazil. The network will support various payment options such as magnetic stripe, smart cards, contactless smart cards, stored value and hybrid card technologies. VR Group and SETRANSP will use the network to automate the distribution and authorized use of government transportation stamps. The first phase of this effort will focus on delivering 400,000 cards and deploying 2,500 Hypercom ‘ePic’ card payment devices projected to handle an estimated 1,000 transactions per month, per terminal.s


AmEx Calling Plan

American Express has signed up Qwest Communications to offer its two million small business cardholders super low rates on long distance calling. The key benefit for small businesses is a 6 cents a minute interstate calling rate with no monthly fees or term commitments. The program also provides fee-free use of the first toll-free telephone line and a 17-cent per minute calling card with no connection fees. Other benefits include: an optional international calling plan discounted at 50% and 80% off additional toll-free numbers and enhanced toll-free services. Qwest is the newest partner to join the AmEx ‘Everyday Savings’ program. Other partners include: FedEx, Hertz, Hilton, IBM and Mobil.


eVISA yesterday announced it is launching this Fall. The new site for small businesses will be designed specifically to help companies use the web more effectively for buying and selling products and services. The site will offer a comprehensive exchange of business products and services, web hosting, breaking news and expert advice. The site will also deliver additional value-added on-line offers exclusively for ‘VISA Business’ cardholders. eVISA has enlisted the help of Seattle-based Onvia to build the new site. The Onvia deal also includes cooperation on new marketplaces, enabling payment technologies, marketing programs to reach small businesses using the ‘VISA Business Card’ and preferential presentation of the VISA payment solution on the site.