Argus 300

Litronic announced the availability of its Argus 300 smart card-based digital signature system for PCI-bus applications. Argus 300 offers split knowledge dual control for the most controlled and secure document signing. This option requires the insertion of two smart cards from two people to digitally sign and authorize electronic communications of high value, offering the highest, most reliable online document and transaction security. The security system additionally offers a Protected PIN.

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CreditSphere

X/Net Associates, Inc. introduced CrediSphere, the first enterprise-wide credit origination system designed from the outset for both Web and client-server systems. CrediSphere is multi-user, platform-independent, and optimally designed for enterprise-wide credit origination. CrediSphere provides a single, unified environment from which to process all types of credit applications regardless of where the user may be located.

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ProCash

Siemens Nixdorf Retail and Banking Systems, introduced the ProCash family of ATMs yesterday. ProCash ATMs support the WOSA/XFS standard for application interoperability and portability. The ATM family supports the addition of new services for customers from revenue generating applications like advertising and ticket sales to Internet accessibility. Among the more advanced features supporting this are integrated alphanumeric keyboards and powerful connectivity options.

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@PayIssuer

GlobeID Software, unveiled a server-side digital wallet, @PayIssuer. @PayIssuer is a unique answer to card issuers’ primary concerns of lowering customer acquisition cost, increasing customer retention and marketing effectiveness, promoting brand recognition, cross-selling additional financial services and maximizing transaction volume. A companion product, @PayPortal targeted at portals and large merchants, was also introduced.

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SCF Board

The Smart Card Forum (SCF), a multi-industry organization working to accelerate the widespread acceptance and application of smart card technology, today announced that Ann Kennedy and William M. Randle have been appointed to its Board of Directors. Kennedy and Randle both bring extensive financial experience to the Board and currently hold executive management positions within the financial industry.

“We are excited to welcome Ann and William to our Board, and look forward to working closely with them as The Smart Card Forum continues to achieve its goals for widespread smart card usage in the year 2000 and beyond,” said Donna Farmer, president and CEO of The Smart Card Forum. “Both Ann and William are visionaries in their respective fields, and we expect that they will play a key role in helping to build our membership base and enhancing our services.”

Kennedy is currently vice president and general manager for global smart card business development at First Data Corporation. In this position, she leads First Data’s initiatives to offer a global end-to-end smart card solution to its merchant and card issuing clients. Kennedy holds an undergraduate degree from the University of Nebraska.

Randle is currently executive vice president and managing director of Direct Access Financial Services for The Huntington National Bank. He directs the development and implementation of innovative products and services, including the use of smart card technology to more than 600 financial services offices. Randle holds an undergraduate degree from the University of Florida and an MBA from Loyola University.

“I am pleased to have the opportunity to share my smart card vision with fellow Forum Board members as we enter the new millennium,” said Kennedy. “My expectation is that smart card implementations will continue to rapidly increase as the Board works together to champion this valuable technology.”

“The innovative use of smart cards and complementing technology is critical to the future of the financial industry,” said Randle. “As a member of The Forum’s Board, I am thrilled and honored to play a visionary role that will help increase membership and enhance services, which, in turn, will contribute to increased smart card usage in the U.S. and around the world.”

About The Smart Card Forum

The Smart Card Forum is a non-profit, multi-industry organization of nearly 200 members working to accelerate the widespread acceptance of multiple application smart card technology by bringing together, in an open forum, leading users and technologists from both the public and private sectors. The Smart Card Forum is the leading organization for education and awareness of topical issues associated with the use and adoption of smart card systems. The Smart Card Forum also operates the Smart Card Forum Educational Institute, the industry-leading course dedicated to providing smart card education that has set the standard in the industry. The curriculum is based on leading edge educational models and methodologies utilizing experienced instructors who are experts in the smart card industry. For more information about The Smart Card Forum, log on to the organization’s Web site at [www.smartcardforum.org][1].

[1]: http://www.smartcardforum.org/

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Citi Catalyst

Siemens Nixdorf Retail and Banking Systems, announced tuesday that the company has been certified as an approved vendor for Citigroup’s global ATM network. Citigroup’s global ATM software platform, named Catalyst, is now certified to run on the latest generation of Siemens Nixdorf ATM systems. The CATALYST software engine is a web-enabled multi-application, multi-language enabling technology which will run Citigroup’s proprietary ATM systems throughout the world in the next millennium.

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Gambling Suit

Another suit over online gambling with credit cards in California has surfaced. A Marin county man filed a lawsuit yesterday against American Express and Discover claiming the credit card companies facilitated and profited from illegal online gambling loans. The Plaintiff, while web surfing in California in the summer of 1998, lost over $25,000 dollars to online gambling casinos using his American Express and Discover credit cards. American Express threatened to sue which led to the filing of the complaint. The suit alleges that California has a strong, long standing public policy against the enforcement of gambling debts. The suit also alleges that the credit card companies are sophisticated in the use of e-commerce and knew or should have known about the online casino operations and Internet gambling loans. Marino v. American Express, alleges that the credit card companies participate in and profit from illegal online gambling by issuing merchant accounts to Internet casino operators.

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Triton Down Under

MS-based Triton confirmed Monday the installation of approximately 600 Triton ATMs in Australia. Until this year, the Australian ATM market has been dominated by full-function ATMs, operated almost exclusively in bank locations. Triton pioneered the adoption of off-premise ATMs in Australia. To bring its cash-dispensing ATMs to the Australian market, Triton formed an alliance with Direct Cash Pty Ltd. of Australia. Major clients of Direct Cash include 7-Eleven and Coles Myer.

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AmEx Funds PayTrust

Paytrust.com, a Web-based consumer service providing one-stop bill delivery, payment and management, announced Monday that some of the nation’s top financial organizations and largest billers have invested $30 million in the company. SOFTBANK Venture Capital, American Express, GE Equity, Goldman Sachs and Thomas Weisel Partners are among the investors in this second round of funding. AT&T Ventures and Spectrum Equity are continuing investors who are also participating in the second round. The funds will be used to continue to expand marketing and operations, in support of Paytrust’s rapid growth.

“Paytrust.com is an exciting example of the next generation of e-convenience services, with a proven track record of rapidly delivering innovative technology and real value to consumers,” said Gary Rieschel, executive managing director of SOFTBANK Venture Capital’s technology funds. “We feel that Paytrust.com will be a runaway success.”

The Paytrust service harnesses the power and efficiency of the Web to deliver 100 percent of consumers’ bills to a single, secure Web site and direct payments from users’ pre-existing checking accounts. Paytrust customers simply decide which bills they want to receive online and the bank accounts from which they want payments made. Like a personal assistant, Paytrust.com manages a consumer’s bills, payments and can even balance their checkbook. Paytrust’s new SmartBalance(TM) feature aggregates a customer’s bank account information with Paytrust payment information.

“We are extremely pleased to announce that some of the most consumer focused and technology savvy organizations in the world have backed Paytrust.com,” said Edward G. McLaughlin, CEO of Secure Commerce Services, the company behind the Paytrust(TM) service. “This is a tremendous show of support for our vision, management team and technology. We look forward to working closely with our partners to change forever the way consumers handle all of their bills.”

“We are delighted to announce today that we have invested in, and signed a joint marketing agreement with Paytrust.com,” said Larry Kutscher, senior vice president of Interactive Enterprise Development at American Express. “Many of our Cardmembers already enjoy the convenience of checking their Card account information and paying their American Express bills at our Web site. Working with Paytrust.com, we see many exciting opportunities to provide great value and convenience to our Cardmembers by allowing them to manage all of their bills online.”

Leveraging proprietary, patent-pending technology, as well as the ability to work with any biller and any bank, Paytrust.com delivers on the promise of consumer-focused electronic bill presentment and payment (EBPP). Customers have quick and easy access to Paytrust.com to view and pay all of their bills anytime, anywhere. As an added incentive to try the service, consumers who visit the Paytrust.com site can enroll for a FREE three-month trial period. Following the trial, subscribers simply pay a low monthly fee of just $7.95.

Since launching this past June, Paytrust.com has experienced explosive growth with more than 20,000 people who have registered for the Paytrust service and more than 50,000 bills paid online.

About Paytrust.com’s Investors

American Express

American Express Company (NYSE: AXP) is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking. At [www.americanexpress.com][1], customers can choose from a range of Internet products and services. Options include the ability to check Card and Membership Rewards(R) account information; pay American Express Card bills online; make travel reservations; and receive special online offers. Consumers interested in online financial services can conduct online banking with ATM rebates and take advantage of American Express online brokerage services. Resources for small businesses include tips on incorporation, managing staff, and franchising business opportunities. Corporate customers can choose from merchant, retirement, purchasing and T&E management services.

AT&T Ventures

AT&T Ventures was founded in 1992 as a venture capital partnership to invest in information technology and service enabling companies in emerging growth markets. AT&T Ventures is a value-added venture capitalist, investing with the same criteria and focus as any other venture investor, but with the additional capability of helping portfolio companies explore synergies with AT&T (NYSE: T). AT&T Ventures can help start-up companies accelerate their growth by leveraging their extensive network of telecommunications contacts, and through their own deep industry experience. For more information about the company, visit [http://www.attventures.com][2].

GE Equity

GE Equity is a subsidiary of GE Capital, with assets of more than US$300 billion, and is a global, diversified financial services company with 28 specialized businesses. A wholly-owned subsidiary of General Electric Company, USA (NYSE: GE), GE Equity, based in Stamford, Connecticut, provides equipment management, mid-market and specialized financing, specialty insurance and a variety of consumer services, such as automobile leasing, home mortgages and credit cards, to businesses and individuals around the world. GE is a diversified services, technology and manufacturing company, with operations worldwide. For more information about the company, visit [http://www.ge.com][3].

Goldman Sachs

Goldman Sachs Group, Inc. (NYSE: GS) is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The Firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. For more information about the company, visit [http://www.gs.com][4].

SOFTBANK Venture Capital

SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital funds focused primarily on early-stage Internet companies. SOFTBANK VC’s technology fund directors are all experienced technology leaders with prior operating experience as founders of early-stage companies, senior managers of major technology corporations, and leaders in investment banking. SOFTBANK VC’s past and current portfolios include public Internet companies such as Critical Path, E-LOAN, GeoCities, Interliant, MessageMedia, Net2Phone, and TheStreet.com. For more information about the company, visit .

Spectrum Equity Investors

Spectrum Equity Investors is a leading private equity investment firm focused on the communications and internet industries. Founded in 1993, Spectrum currently manages three equity funds totaling over $1 billion in capital. Spectrum’s limited partners include prominent university endowments, foundations, pension funds, and corporations. Spectrum’s investment professionals possess more than 75 years of combined investment experience and since 1979 have invested in over 60 communications companies. Spectrum is one of the largest, fastest-growing, and most experienced private equity investors in communications and media enterprises. For more information about the company, visit [http://www.spectrumequity.com][5].

Thomas Weisel Partners

Thomas Weisel Partners is a research-driven merchant bank providing investment banking, institutional brokerage, private client services and private equity investing focused on the new frontiers of transformation in the U.S. economy (the Internet, outsourcing, consolidation, bandwidth, education and demographics). The team at Thomas Weisel Partners consists of 400 professionals including 66 partners. The firm is named after its chairman and chief executive, Thomas W. Weisel, and is headquartered in San Francisco with additional offices in New York, Boston and London. For more information about the company, visit [http://www.tweisel.com][6].

About Paytrust.com

Paytrust.com is the flagship service of Secure Commerce Services Inc., a privately held company based in Princeton, New Jersey. Founded in October 1998, the company is financially backed by American Express, AT&T Ventures, GE Equity, Goldman Sachs, SOFTBANK Venture Capital, Spectrum Equity Investors, and Thomas Weisel Partners. More information on the company can be found on its web site located at [http://www.paytrust.com][7].

Paytrust, Paytrust.com and SmartBalance are trademarks of Secure Commerce Services, Inc.

[1]: http://www.americanexpress.com/
[2]: http://www.attventures.com/
[3]: http://www.ge.com/
[4]: http://www.gs.com/
[5]: http://www.spectrumequity.com/
[6]: http://www.tweisel.com/
[7]: http://www.paytrust.com/

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Wells Dig Wallet

Wells Fargo & Co. is piloting the Wells Fargo EasyOrder online shopping service for automatic filling of online store order forms at thousands of retailers.

The service is being provided in partnership with Brodia, an e-commerce company dedicated to simplifying online shopping for consumers.

The Wells Fargo EasyOrder service is being made available free to online banking customers through a pilot program that started last month. Wells Fargo is currently piloting the service with 750 customers to gain in-depth customer feedback before it rolls out to its 1.4 million online banking customers early next year. During the pilot, the Wells Fargo EasyOrder service will be available through a private Web site.

Designed to make online shopping easy and convenient, the Wells Fargo EasyOrder service stores purchasing information — multiple billing, shipping and credit card information for automatic filling of online store orders — in one location. Customers will no longer need to re-enter data each time they make online purchases.

In addition, the service will store order confirmations and favorite shopping sites while keeping all of it secure in an encrypted format accessible only with a password and user ID. Search capabilities help customers find a particular product, brand or store, and special offers and discounts are presented for those products selected by the customer.

“More than 1.4 million customers trust us with their online banking, and we aim to extend that relationship into the online shopping arena with the Wells Fargo EasyOrder service,” said Sharon Osberg, executive vice president of Wells Fargo’s Online Financial Services Group.

To shop with the Wells Fargo EasyOrder service, Wells Fargo customers link directly to the online store of their choice and select items for purchase. At the “check-out” section of the online store, customers are requested to fill out an order form with credit card and shipping information.

Instead of typing in information, customers simply click on a button, and the form is automatically completed using information stored by the Wells Fargo EasyOrder service.

“Wells Fargo has consistently taken a leadership role on the Internet,” said Ron Martinez, chief executive officer of Brodia. “By partnering with us to provide an online shopping service, Wells Fargo can assist customers in taking full advantage of online shopping as it becomes an increasingly important part of people’s everyday lives.”

A recent survey found that online banking customers were more comfortable making online purchases than general Internet users. In fact, 77 percent of Wells Fargo’s online banking customers have made purchases online, compared to 42 percent of general Internet users.

As the first major financial services company in the U.S. to launch Internet banking services in 1995 ([www.wellsfargo.com][1]), Wells Fargo has blazed the trail for interactive tools and features for customers. Wells Fargo started online services through Prodigy in 1989, and over the last decade has introduced a wide range of easy-to-use online services for customers. Today, Wells Fargo is the largest Internet bank in the world.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a $205 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through almost 6,000 stores, its Internet site ([www.wellsfargo.com][2]) and other distribution channels across North America and elsewhere internationally.

About Brodia

Brodia ([www.brodia.com][3]) gives consumers a new and better way to shop online. Based in San Francisco and funded by Draper Fisher Jurvetson and Capital Z, Brodia simplifies and organizes online shopping around the individual, helping consumers find what they are looking for while protecting their privacy and eliminating unwanted marketing.

The company’s leadership team has led important innovations in e-commerce and online privacy and security. Brodia played a key role in the development of Electronic Commerce Modeling Language ([www.ecml.org][4]), an open standard designed to streamline online merchant forms.

[1]: http://www.wellsfargo.com/
[2]: http://www.wellsfargo.com/
[3]: http://www.brodia.com/
[4]: http://www.ecml.org/

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