I-Terminals

With online retail sales projected to exceed $140 billion in the US alone during the next three years, already-high consumer, merchant and regulatory demand for tighter security on the Internet is expected to reach unprecedented levels. Squarely addressing this demand, the electronic payments industry is introducing countertop information appliances that combine the high security of credit/debit card payment terminals with revenue-enhancing applications and services at the point-of-sale. Therein lies an opportunity for consumers at the retail countertop, and quite possibly for Internet users at home as well.

“Unlike the Internet, which has a clear reputation for poor security, the electronic payment industry has a virtually unblemished record of over 20 years,” said Paul Whittle, senior vice president, Hypercom Corporation. “The emergence of Internet-enabled card payment information appliances for the first time allows merchants and consumers to access the Internet with the high security levels inherent in traditional card payment terminals and could well herald the migration of these security technologies to other consumer appliances used for payments.”

Dual-function card payment appliances such as Hypercom’s highly secure ePic (ePOS-infocommerce(TM)) ICE(TM) 6000 and ePic ICE 6500 devices, feature embedded software as well as an HTML/HTTP browser, hardware-based security, controlled access and more. The Hypercom(R) appliances come equipped with a variety of communication options, including ethernet TCP/IP, and can quickly interface with virtually any point-of-sale (POS) register system. Both appliances are compatible with Hypercom’s ePicPortz(TM) 1.0, a suite of security and gateway server software that enables browser equipped POS card payment devices to securely interface with the Internet and access a broad range of revenue-generating web based applications such as advertising and coupons, electronic receipt capture, check imaging and conversion, e-commerce, and direct consumer marketing.

“We can for the first time bring the benefits of the Internet to the vast majority of ‘brick and mortar’ merchants with security features that are far superior to the average PC. That spells new revenues for processors and merchants, value-added services for the consumer, and just possibly new levels of security for other consumer payment appliances,” Whittle said.

Hypercom Corporation (NYSE:HYC) is the global provider of end-to-end electronic payment solutions, including card payment systems, peripherals, network products, software and e-commerce payment solutions that add value at the point-of-sale for consumers, merchants and acquirers.

Headquartered in Phoenix, Arizona, Hypercom markets its products in more than 70 countries through a global network of affiliates and offices. European offices are located in the United Kingdom, Sweden, France, Germany, Hungary, Russia and South Africa. More information on Hypercom and its products can be found at [www.hypercom.com][1].

Hypercom is a registered trademark of Hypercom Corporation. ICE, ePOS-infocommerce and ePicPortz are trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

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

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M&I Now Metavante

M&I Data Services introduced a new name, Metavante Corporation, to help establish an independent identity and more accurately reflect the company’s technology-focused business. The new name is effective immediately.

“Metavante Corporation is focused on delivering financial service solutions and proven e-commerce leadership to the financial marketplace with one strong brand,” said Joe Delgadillo, president and CEO, Metavante Corporation. “Our new name and focus will allow us to capitalize on market opportunities and continue to reinforce our industry leadership position.”

With the new name, Metavante Corporation will be a financial solutions enabler that delivers financial industry expertise, premier customer care and demonstrated technology leadership to organizations that are aggressively seeking a competitive advantage to attract and grow profitable customer relationships today and in the future.

Metavante Corporation will focus on delivering solutions that enable financial services providers to deliver competitive advantage. These solutions are: electronic bill payment and presentment, business and consumer e-banking, online mortgage services, financial account processing, customer relationship management, private-label banking, trust and investment solutions, electronic funds transfer, and card solutions.

Headquartered in Milwaukee, Wis., Metavante Corporation, formerly M&I Data Services, is a subsidiary of Marshall & Ilsley Corporation (NYSE: MI), a $25.2 billion holding company. Metavante Corporation delivers financial service expertise, premier customer care and proven technology leadership to the financial services marketplace by coupling 36 years of financial account processing expertise with proven e-commerce leadership. For more information, visit the Metavante Web site at http://www.metavante.com .

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Paymentech Platform

Paymentech’s commercial card unit has signed a colocation agreement with FirstWorld. Under terms of the agreement, Paymentech will colocate the unit’s ‘Electronic Payment Solutions’ and its Internet-based reporting and administration platform, ‘PaymentNet’, in FirstWorld’s Salt Lake City Internet Data Center. Currently, Paymentech is processing over 400,000 purchasing, corporate and business card transactions a day. Paymentech is the first commercial card issuer to develop a total Internet reporting and administration platform that allows clients to see transaction data real time and to import information as needed into internal accounting systems

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Balance Consolidation

A new product from Payment Systems for Credit Unions has met with unprecedented success. Three months ago PSCU introduced a balance consolidation product that enables credit union credit cardholders to pick up a telephone and transfer a credit card balance instantly. PSCU says the number of credit unions using the product has soared from 14 to 131 during the second quarter. The organization also notes that the average credit union credit card balance transfer has been averaging $2,386 under the program. PSCU has more than 500 credit union members representing more than five million cardholders nationwide.

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IVI Deal

Canada’s IVI Checkmate confirmed this morning it has obtained a volume purchase agreement to sell 10,000 ‘eN-Check 3000’ check readers to TASQ Technology of Rocklin, CA. ‘eN-Check 3000’ is the only dial-based check reader on the market, which is used for check verification, check guarantee and electronic check conversion. TASQ will re-market the ‘eN-Check 3000’ to its customer base for resale to retailers and service providers who accept checks. TASQ Technology has 420 employees and reaches more than one million merchants nationwide.

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NYCE SVP

NYCE Corporation has named William J. Cary to the position of Senior Vice President, Technology Services and Data Processing Operations.

In his new post, Mr. Cary will be responsible for the company?s 24×7 data centers, which comprise mainframe, mid-range, and client/server distributive environments. In addition, he will oversee all day-to-day operations and future capacity planning. More than 250 NYCE team members ­ including the NYCE East client services team ­ report up to him.

Mr. Cary, who has more than 30 years of experience in information technology, joined NYCE in 1998. Prior to this recent appointment, he was Vice President of Data Center Operations with NYCE. Before joining NYCE, Mr. Cary was with Citibank, N.A. where he served as Vice President/Chief Domain Architecture for Worldwide Data Center Technology Services within the Corporate Banking Division.

Headquartered in Woodcliff Lake, NJ, NYCE Corporation is one of the leading electronic payments companies in the U.S. The NYCE Network provides financial institutions and retailers with shared network services for automated teller machines (ATMs), on-line debit point-of-sale and electronic benefits transfer transactions. Currently, the Network has 2,400 financial institution participants and services more than 45 million cardholders through 38,000 NYCE-branded ATMs and 215,000 point-of-sale retailer locations. The company processes nearly 77 million transactions each month. In addition, NYCE Corporation provides financial institutions with real-time processing services that support ATM management and monitoring services, as well as debit card issuance and authorization solutions. With innovations such as SafeDebitTM, a PIN-secured debit payment solution, NYCE is a frontrunner in the payments industry. NYCE?s web site address is www.NYCE.net.

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Global ePayment

Trintech Group PLC and Visa International, announced a strategic partnership to jointly develop the next generation of ePayment solutions to speed the global adoption of secure mobile commerce.

The alliance follows Trintech’s announcement today of the launch of PayWare mAccess, the company’s secure payment solution designed specifically for mobile devices, as well as a strategic collaboration with Phone.com. PayWare mAccess allows for “one touch” payment and real time authentication of user while shopping using mobile phones and other non-PC devices.

The partnership ensures that consumers can purchase from mobile devices with the assurance of the trusted Visa brand and secure, convenient technology from Trintech. By leveraging the form filling capabilities of PayWare mAccess secured with a secret PIN code, merchants and consumers can buy and sell with greater confidence. The two companies have committed to work together to extend the products capabilities to support stronger authentication mechanisms including smart cards and the SET Secure Electronic Transaction? standard, with the aim of delivering guaranteed mobile commerce transactions to the benefit of consumers and merchants worldwide. In addition, the two companies have committed to promote industry-wide standards for this new medium, as well as building support for new payment types, such as PIN based debit.

Joe Chouinard, vice president, New e-Channels Development at Visa International, said: “This partnership with Trintech builds on the recent launch of the Visa Secure e-Commerce Initiative. It shows how we are working with key technology companies to provide higher levels of security and authentication for e-commerce users around the world. Trintech’s server-based payment solution provides consumers with the ability to shop securely from a mobile device and provides merchants with the reassurance that they are dealing with legitimate cardholders.”

Visa and Trintech Partner for Mobile Commerce

“Confidence is all-important in securing electronic commerce and Issuers naturally want to manage the stronger cardholder authentication data necessary to provide truly secure commerce via wireless devices. By working with an industry leader such as Visa we are in a strong position to offer a solution that allows the telco and the Issuer to participate in enabling and securing mobile commerce,” says John McGuire, CEO of Trintech. “This partnership of the leading card brand with the leader in payment technology paves the way for consumers, banks and merchants to engage in mobile commerce with the same confidence they have in physical world ePayments.”

About Visa

As the “World’s Best Way to Pay,” Visa is the world’s leading payment brand and the largest payment system worldwide with more volume than all other major payment cards combined. Visa plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa has more than 80 smart card programs in 35 countries and on the Internet, with 23 million Visa chip cards, including eight million Visa Cash cards. Visa is pioneering SET Secure Electronic Transaction? programs to enable and advance Internet commerce. There are over one billion Visa, Visa Electron, Interlink, PLUS and Visa Cash cards, which generate more than US$1.65 trillion in annual volume. Visa-branded cards are accepted at over 19 million worldwide locations, including at more than 627,000 ATMs in the Visa Global ATM Network.

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® and Windows NT? 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 94403 (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 http://www.trintech.com. Investor information can be found at www.trintech.com/investor.

About SET

SET – Secure Electronic Transaction – is a technical specification for securing payment card transactions over open networks such as the Internet. SET maintains the confidentiality of messages, ensures that messages are not amended by unauthorized people, and authenticates the parties involved in a transaction so that both cardholders and merchants are assured that the other is genuine. SET was developed by Visa and MasterCard, with participation from several technology companies, including Microsoft, IBM, NetScape, SAIC, GTE, Terisa Systems and VeriSign.

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BofA Smart Cards

Bank of America is gearing up to issue VISA smart cards. This week BofA signed a licensing deal with ACI Worldwide for its ‘MONAD’ multi-application smart card management system. BofA says this morning it will use ‘MONAD’ to build the necessary infrastructure to manage multi-application smart cards. ‘MONAD’ enables financial institutions to manage the complete life cycle of smart cards and smart card applications including full enrollment, application management, card issuing, personalization, post-issuance of multi-application smart cards and security.

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NPC & BAX VirtualPay

National Processing Company has entered an agreement with BAX Global to provide on-line bill payment using VirtualPAY for BAX Global’s bill payment product ePay. This agreement further expands National Processing Company’s (NPC) presence in the on-line bill payment market. NPC is the second largest provider of merchant credit card processing

VirtualPAY is NPC’s user friendly Internet payment service for both check and credit card payments. VirtualPAY is one of the industry’s leading applications for bill payment, funds transfer and on-line Internet purchases. Current users of NPC’s VirtualPAY services include Chevron, ExxonMobil, E*TRADE and GTE. VirtualPAY is a customizable solution that facilitates on-line payments in both the consumer-to-business and business-to- business markets.

“On-line bill payment is an important part of any billers Internet strategy,” said Eric Barth, NPC vice president of Business Development. “VirtualPAY is a turnkey service that enables BAX Global to accept payments directly from their web site. By giving BAX Global customers value added tools such as VirtualPAY at their web site, BAX Global has created new opportunities for their customers to learn about their complete service offering,” Barth added.

“In VirtualPAY, NPC provided us an inexpensive, flexible alternative to participating in electronic bill presentment and payment. We expect that our small to medium size customers will find this application to be convenient and easy-to-use,” commented Jeff Johnson, BAX Global Manager of Revenue Accounting.

About NPC

NPC is a leading provider of merchant credit card processing and corporate outsourcing solutions. NPC supports approximately 500,000 merchant locations, representing one out of every six Visa and MasterCard transactions processed nationally. Approximately 88 percent of the company is owned by National City Corporation, a Cleveland based $86 billion financial holding company. Additional information regarding NPC can be obtained at http://www.npc.net .

About BAX Global

BAX Global, a $2.1 billion global transportation and supply chain management company, offering multi modal freight forwarding to business-to- business shippers worldwide. The company, headquartered in Irvine, California, operates over 500 offices, located in 123 countries around the world, and has nearly 10,000 employees. Many of the world’s largest companies use BAX Global to manage their supply chain. BAX Global specializes in managing the movement of heavyweight packages and cargo of all shapes and sizes. The company offers specialized services for the aerospace, automotive, trade fairs and exhibits, fashion, hi-tech, and health care industries. The company has more than 180 locations ISO 9002 certified in 23 countries.

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Fraud-Trap

First Data announced an agreement with HNC Software to fully integrate HNC’s ‘eFalcon’ real-time Internet fraud detection service into its suite of e-commerce offerings. FDC says it will market the fraud prevention service, under the name ‘FraudTrap’, to its financial institution clients and technology partners, which they can re-brand as a value-added offering to their online merchants. Using neural network and scoring-based technology to indicate the probability that a transaction is fraudulent, this service enables merchants to distinguish in real-time between legitimate and fraudulent online shopping transactions. First Data is integrating ‘FraudTrap’ with its ‘SurePay’ payment gateway, so merchants need only one source for payment processing services, complete with security and fraud tools, as well as for customer service, and receive just one bill and statement for all.

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Cryptoflex Smart Card

Schlumberger Network Solutions, a unit of the Test & Transactions business segment of Schlumberger, launched a 16 kilobytes capacity version of its Cryptoflex smart card, giving the ability to store multiple passwords and certificates and enabling an increased number of secure applications and cryptographic services. Called Cryptoflex 16K, this smart card works with all major PKI (public key infrastructure) providers, including the PKI integrated into Windows 2000. It enables multiple applications that do not need to share keys and can be used with Microsoft, Netscape, Entrust and a whole host of applications. Enhanced 2048-bit RSA encryption and Identrus-compliance makes it the ideal portable ID device for securing B2B and B2C e-commerce transactions and network access.

‘The rapid spread of the use of the Internet has made securing user trust over networks fundamental for the growth of businesses today,’ says Jean-Claude Perrin, IT smart cards manager at Schlumberger. ‘Cryptoflex 16K implements the most powerful industry-standard security functions, making it today the ideal portable digital identity device to secure systems requiring strong authentication anywhere in the world.’

‘One of the biggest obstacles to e-commerce expansion is how to prove the identity of an individual over networks and electronic services. Electronic service providers and financial institutions are embracing strong authentication and PKI technology as a key enabler,’ added Marc Hudavert, vice president and general manager of ActivCard Europe. ‘Schlumberger Cryptoflex 16K is the ideal token to perform encryption and digital signature operations, and for storing the increasing number of credentials static passwords, one-time passwords and digital certificates needed to forge agreements and engage payments in a confident and trusted manner. ActivCard Gold software and ActivCard Management Suite seamlessly use Cryptoflex 16K cards to generate, store, control and manage all these credentials, with the strong value of being network independent, PKI independent, and credential independent.’

Unlike computer discs which are very prone to failure, human error or attack by viruses, the on-card cryptoprocessor of the Cryptoflex 16K protects keys and certificates from damage and unauthorized disclosure.

Schlumberger leads the world in the development of smart card security techniques.

Cryptoflex 16K builds on the established Schlumberger Cryptoflex range by extending memory from 8 to 16 Kbytes and speeding up algorithm computation: RSA (2048, 1024, 768 and 512 key lengths) and DES. The enhanced user-selectable key length increases the choices available to IT managers, value-added resellers and developers building commercial security products. It enables a single Cryptoflex-based solution to meet the varied encryption requirements of different countries. The additional memory provides ample space to store valuable information such as remote dial-in numbers, network addresses, account password information and users’ digital credentials. PC/SC & PKCS#11 standard middlewares are also available, enabling the Cryptoflex 16k to work in any heterogeneous IT environment.

About ActivCard

ActivCard S.A., a leader in digital identity and electronic certification technology, delivers core components required to enable next generation business communications and transactions. ActivCard’s technology suite offers the ease-of-use of an ATM transaction with a security level better than a face-to-face meeting. ActivCard’s solutions, in conjunction with the applications support for public or symmetric key-based data confidentiality and integrity, allow individuals and businesses to perform secure online transactions over the Internet. Based on sales, we believe that today, more than one million people use ActivCard products for secure Internet banking, web access and remote access to corporate networks. ActivCard has corporate headquarters in Fremont, California, Suresnes, France, and Singapore.

About Schlumberger

Schlumberger is the leading provider of smart card-based solutions worldwide. Drawing on 20 years experience in pioneering smart card innovations, Schlumberger is continuing to evolve the new generation of smart cards, parking terminals, ticketing machines, payphones, banking terminals, servers, software, applications and systems integration that will play a key role in the 21st century’s digital age. Additional information is available at www.slb.com/smartcards.

Schlumberger Test & Transactions provides smart card-based solutions; semiconductor equipment and services; and corporate IP and network solutions to customers throughout the world. It is a business unit of Schlumberger Limited, an $8.4 billion global technology services company.

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