NextCard announced Thursday that it has named John Hashman President of NextCard. He will continue to serve as Chief Financial Officer. Prior to joining NextCard in 1997, Hashman spent over eleven years at Providian Financial as vice president in various marketing, operations and finance positions.Details
InteliData Technologies Corp. and Old Kent Bank announced the customer launch of Old Kent’s new Internet banking and bill payment system using InteliData’s ‘Interpose’ software suite. Using the ‘Interpose’ software suite Old Kent provides its customers with secure access to real-time account information and the ability to transfer funds and pay bills electronically using standard HTML browsers. Bill payment is handled through the ‘Interpose’ Bill Payment Warehouse, which allows Old Kent to process customer debits and payments to commercial accounts internally and to outsource external payments to third-party processors.Details
Accompany, Inc. and Visa announced a new three-year strategic alliance in which the two companies will work together. Under terms of the deal Visa will invest in Accompany. In addition Accompany’s ‘Get It Together Network’ will position Visa as its preferred credit card and default payment method.Details
Equifax announced that Price Chopper has selected Equifax Check Solutions ‘PayCheck Accept’ fraud prevention system to combat payroll check cashing fraud. ‘PayCheck Accept’ reduces fraud by performing basic consumer identification authentication while validating Social Security numbers and comparing the check payee to identification information in the Equifax credit database. In January, Equifax launched ‘PayNet Secure’, giving merchants the exclusive ability to authenticate the identity of consumers and authorize credit card or check payment on their web sites.Details
CompuBank announced that it ranks #1 in Banks Online by SmartMoney Magazine. CompuBank received top ranking for: Account Information, Security, Fees and Extra Products and Services. CompuBank’s first place ranking in the fee category is based on the fact that most of its services are free, including free basic checking, ATMs, wire transfers, bill payment, direct deposits, copies of checks and statements. CompuBank awards customers with ClickMiles for new accounts and a variety of everyday banking transactions.Details
American Express announced the appointment of Glen Salow to the position of Executive Vice President and Chief Information Officer. He succeeds Allan Loren, who will retire from the Company in early May. Mr. Salow has been with American Express since 1997, most recently as Senior Vice President of Technology for the Company’s E-commerce activities and the U.S. Card and Travel Services businesses.Details
PlanetRx.com, Inc. ([http://www.PlanetRx.com]), an Internet healthcare destination for commerce, content, and community, Wednesday announced the promotion of Michael A. Beindorff, 47, from executive vice president and chief operating officer to president and chief operating officer.
“Our company is growing very rapidly and Michael is a big part of that growth,” said William J. Razzouk, CEO of PlanetRx.com. “Michael is a proven leader. His contribution thus far has been a key element in PlanetRx.com’s overall success and will continue to be as he takes on the expanded role of president.”
In his new capacity as president and chief operating officer at PlanetRx.com, Mr. Beindorff will oversee all marketing, business, product, brand development and customer satisfaction efforts. During his tenure at PlanetRx.com, Beindorff has already led the creation of a new, multi-million dollar advertising campaign — part of an overall marketing effort focused on customer acquisition, customer retention, and brand building.
“It has been a great experience contributing to the growth of PlanetRx.com in these past six months,” said Michael Beindorff, president and chief operating officer at PlanetRx.com. “I’m looking forward to accelerating that success as we continue our mission to become the nation’s premier online healthcare destination for products, information, and personalized services.”
Mr. Beindorff joined PlanetRx.com in October after serving as president and CEO of e-Visa, Visa’s Internet and electronic commerce division. Prior to joining Visa, he spent 15 years with the Coca-Cola Company where he held a variety of positions, including vice president of marketing and vice president of advertising for Coca-Cola USA.
For the past four years, “Advertising Age” has named Mr. Beindorff one of the Power 50 Marketers in America. He currently serves on the Board of Directors for Purpletie.com and on the Board of Advisors for iPIX, Achex, kinzan.com, and Latitude 90.
PlanetRx.com, Inc. ([http://www.planetrx.com]), a leading Internet healthcare destination for commerce, content, and community, delivers a convenient, personalized, and informed health and beauty shopping experience. With products and services ranging from prescriptions to personal care items to the latest medical information, PlanetRx.com gives consumers the ability to manage their own healthcare in a convenient and secure environment. PlanetRx.com is one of four online pharmacies to have received the Verified Internet Pharmacy Practice Sites (VIPPS) seal of approval from The National Association of Boards of Pharmacy (NABP). Headquartered in South San Francisco, Calif., the company operates its own pharmacy and distribution center in Memphis, Tenn., to ensure the highest quality customer care.
American Express and the Winn-Dixie supermarket chains announced Wednesday that the AmEX card will be accepted at all 1,178 store locations. Winn-Dixie operates in Alabama, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Oklahoma, South Carolina, Texas, Tennessee, and Virginia.Details
Increasingly sophisticated fraud techniques and the escalating losses to both individuals and organizations from card fraud and theft have created a real need for a timely solution to card security. Yesterday, G&D Security Card Systems and CIT Inc. announced that they have formed an exciting strategic alliance to promote the use of Smart Cards in North America and the International marketplace. Together G&D and CIT will develop and market end-to-end solutions based upon integrated circuit cards.
The migration from traditional magnetic stripe cards to computer chip based technology, especially in the Financial and Health sectors, is gathering momentum in the North American marketplace. G&D and CIT aim to position themselves to usher North American customers into the new age of Smart Cards with their exclusive security architecture.
“Our market leading Smart Card capabilities and CIT’s proven expertise in transactional internet solutions will enable consumers to benefit from the security and portability of Smart Cards that are already well accepted in other parts of the world”, says Jim R. Frye, President of G&D.
Under this agreement G&D will consider CIT to be the preferred professional services and custom application development partner and CIT in turn will consider G&D to be their preferred Smart Card supplier. This alliance will bring integration of Smart Card technology into the existing infrastructure in the Financial and Health sectors. Together, these two companies will be able to provide full business solutions involving G&D’s leading Smart Card technology and CIT’s expertise in Transactional eCommerce Solutions and Professional Services.
Initially, their joint efforts will focus on customers in North America and the Middle East but will grow to encompass other global markets. A current project underway is the development of the next generation of internet banking with Smart Cards to provide the highest level of security in the market today. There is also a potential in health care for secure fraud proof applications.
“With the partnership between CIT and G&D, we will be able to offer, first within North America, and then globally, market leading end-to-end e-Commerce solutions that enable our clients to capitalize on the business potential of smart card technologies”, says Ashraf Zaki, President and CEO of CIT.
About G&D Security Card Systems
Founded in 1962, G&D is North America’s largest supplier of secure plastics and is the only manufacturer producing cards in all three NAFTA countries. G&D is the dominant supplier of consumer payment Smart Cards in Canada, in addition to leading the market for secure magnetic stripe cards. They are part of a global company Giesecke & Devrient who are an international high-tech company and worldwide leader in cards used for transactions and identification. Giesecke & Devrient were recently rated as the number 1 provider of microprocessor cards worldwide (Nilson Consumer Payment Report). G&D have been at the forefront of smart card technology for over 25 years and have operations worldwide incorporating advanced software applications and the latest chip technology.
About CIT Incorporated
CIT is an international technology services and solutions company, with a corporate focus in the emerging world of Internet/Intranet enterprise architecture, transactional based software and e-Commerce technologies. Our mission is to enable our clients to capitalize on the business potential of emerging IT technologies. CIT is committed to quality, flexibility and delivery excellence, combined with proprietary innovative cost reduction methods. By applying the principles of our proven PMAX Methodology and the “best of breed” technologies, we have built successful and award winning solutions for a host of Fortune 1000 clients. This client list includes institutions from North America, Latin America, Europe, and the Middle East. With corporate headquarters in Toronto, Ontario Canada, CIT also operates an Advance Technology Centre in Cairo, Egypt. Visit CIT online at [http://www.citglobal.com].
Schlumberger Smart Cards & Terminals announced Wednesday the availability of its new, low-cost system for loading funds from credit and debit cards onto smart cards. Card Value Center Lite or ‘CVC/Lite’ processes, authorizes and reconciles bank card transactions for the purpose of adding value to campus ID smart cards. The first of the new systems was purchased by Robert Morris College in Pittsburgh, PA, where it is connected to PNC Bank for transferring value from the cardholders’ bank accounts to their ID cards. For fund transfers from debit card networks via bank ATM machines, a DES pinpad is available to permit encrypted PIN entries to ensure a high level of security. The system can be configured for both credit cards and debit cards. Additionally, the system is also available as ‘D/CVC Lite’ for magnetic stored value systems, providing the same convenience as ‘CVC/Lite’ for sites using the Schlumberger SingleCard solution. Both ‘CVC/Lite’ models are configured with a DES keyboard, debit/credit kit, four-line display, receipt printer and swipe reader. Option kits are available for modem, RS-485 multi-drop communications, and communications with an external host that holds accounts with pre-deposited funds.Details
Biometric Identification, Inc., a provider of fingerprint identification systems, announced Wednesday that BridgePoint has selected its embedded OEM fingerprint verification module for integration into their PeopleAccess Smart Card Reader line. Designed for new and retrofit applications, the integrated access control reader provides strong user authentication by employing fingerprint verification in conjunction with the convenience and efficiency of a smart card solution.
“BridgePoint’s goal is to offer customers the most comprehensive and secure smart card-based solutions available on the market today,” said Tom Corder of BridgePoint. “We selected Biometric ID’s fingerprint verification module because it is based on field-proven biometric technology and it provides us with the flexibility to use virtually any sensor component that we want to employ.”
PeopleAccess(TM) Access Control Readers will interface with industry standard Wiegand based access control systems, enabling users to upgrade existing card platforms to smart cards. The Reader can be programmed to differentiate between multiple microprocessor smart cards from major suppliers (Gemplus, G&D, Schlumberger) within the same access system, thus offering an incredibly flexible access solution. BridgePoint utilizes a re-programmable architecture so card platforms can be added or changed in the future at minimal cost.
In addition to the Wiegand based Readers, BridgePoint also plans to integrate the BII OEM biometric module into the firm’s new PeopleAccess Single Door Access Control System. This system, due out in the Second Quarter, will be unmatched in performance and cost for a single door system, believes Corder.
“The adoption of our OEM biometric module by BridgePoint is yet another strong endorsement for the use of Biometric ID technology in smart card based fingerprint verification solutions,” said Bob Kamm, President and CEO of Biometric ID. “We welcome BridgePoint to our distinguished group of over one hundred OEM organizations that are integrating our cost effective embedded fingerprint verification modules into their product lines.”
In addition to the functionality offered by the BridgePoint smart card system, the integrated solution utilizes the advanced technology of Biometric ID’s MV1100 self-contained fingerprint verification module. The MV1100 is an embedded biometric solution, smaller than a business card, which verifies an individual’s identity in less than a second. The device is designed for applications where a host computer is not available or not considered secure. The MV1100 stores thousands of fingerprint templates, performs enrollment and verification with the industry’s leading fingerprint verification algorithm Ridge Recognition(TM), and provides multiple communication options.Details
Payment cards of the future might be designed and personalized online by the customer. This is the vision of Holger Mackenthun of CardSelect International. Mackenthun, former president of ORGA Card Systems, says the “All-In-One-Card” approach will enable consumers to customize their payment cards with their favorite merchants, banks and service providers. With multiple applications from multiple vendors available on a secure Web Site, customers would be able to go online to apply for a new card, select their preferred vendors, and have the final card issued almost immediately. They could additionally collect loyalty points from participating vendors. CardSelect International announced Wednesday it has launched a virtual mall for credit card issuers and service providers. The firm has been awarded a patent for personalizing and issuing financial transaction cards, credit cards, smart cards and multiple application cards over the Internet.Details