NBS Latest Quarter

Toronto-based NBS Technologies Inc. reported Friday that sales for the third fiscal quarter ending June 30, were $23.3 million, compared to $27.2 million in the third quarter last year. Sales for the nine months ended June 30 declined 3% to $73.2 million from $75.5 million recorded in the same period a year ago. The decline primarily resulted from slower sales of card services and transaction systems, offset by an increase in the sale of card issuance systems. The decline in sales coupled with an increase in operating expenses led to a net loss, after discontinued operations, for the third quarter and nine month period ended June 30 of $756,000 and $601,000, respectively. During the quarter, NBS introduced a new high speed color printing module for the ‘Horizon’ card issuance system. The firm recently received an order from the Bank of Egypt who will be using this new feature to apply photographs of cardholders to ‘VISA’ credit cards. For more details on NBS latest quarterly earnings visit CardData ([www.carddata.com][1]).

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



MBNA America Bank, N.A., announced Friday the extension of the American Society of Civil Engineers endorsement of MBNA’s credit card services for their members.

Founded in 1852, the American Society of Civil Engineers (ASCE) represents more than 120,000 civil engineers worldwide, and is America’s oldest national engineering society. With the extension of their endorsement, ASCE remains one of more than 1,300 professional organizations that currently endorse MBNA’s credit card services.

MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America, N.A., a national bank, has $64.5 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan, and insurance products.


Bank One Consumer Lending GM

Bank One announced Friday the appointment of Anthony F. Vuoto as general manager of Bank One Consumer Lending. He will report to Richard W. Vague, chairman and chief executive officer of First USA, a Bank One company.

“Tony Vuoto brings an outstanding record of achievement and talent to this newly created position,” said Vague. “Consumer lending is an area of focus and growth for us, and under Tony’s leadership, we look forward to continued expansion of this line of business.”

Vuoto will oversee the company’s consumer lending businesses representing approximately $30 billion in consumer loan outstandings. A 15-year veteran of the financial services industry, he was most recently director of distribution and sales in Germany for a global banking organization. Vuoto received his bachelor’s degree in economics from Princeton University and master’s degree in business administration from the Wharton School of the University of Pennsylvania.

BANK ONE CORPORATION (NYSE: ONE), headquartered in Chicago, is the nation’s fifth largest bank holding company, with assets of more than $256 billion. BANK ONE offers a full range of financial services to commercial and business customers and consumers. It is the world’s largest Visa credit card issuer, the third largest bank lender to small businesses, one of the top 25 managers of mutual funds and a major national automotive lender. It operates more than 1,900 banking centers and a nationwide network of ATMs. It is a major commercial bank in the United States and in selected international markets. It can be found on the Internet at [http://www.bankone.com][1].

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


Home Account Names VP of IT

Home Account, the leading provider of Internet-based financial services, named Blair Helsing as its new Vice President of Information Technology. Helsing, who has extensive experience in the e-commerce and financial services arenas, will manage Home Account’s corporate-wide information technology infrastructure and related support processes.

Helsing was most recently Vice President of Systems Operations for BigStep.com, where he built the company’s e-commerce operations infrastructure, including the data center, customer support, and internal MIS functions.

Formerly, Helsing was Vice President of Technology Operations for Preview travel, which builds and operates online travel services for Snap!, Lycos, Excite, USA Today, America Online and its own brand. While at Preview Travel, he managed the company’s operations growth from its online launch through its initial public offering, to the stage of serving six million customers.

Helsing also spent several years as a Managing Consultant at Oracle Corporation, where he led Oracle project teams on major multi-vendor systems integration projects. He also held management positions at the Electric Power Research Institute. Helsing’s career began at Bank of America, where he spent nearly 10 years managing automation projects for the largest bank in the U.S.

“Home Account is leading the industry by setting the standards and the pace for innovation. With an array of unique products that appeal to a wide variety of customers, Home Account is poised to move rapidly to meet the substantial opportunities afforded by the financial services revolution,” said Helsing. “I look forward to managing Home Account’s internal technology as the company continues on its current growth path.”

“Blair Helsing has been intimately involved with managing companies through high-growth periods. He also has been a pioneer throughout his career in implementing leading-edge technologies for increased operational efficiencies,” said Randy Kahn, Chief Operating Officer of Home Account. “His expertise will be a great asset to Home Account as our computing needs, and those of our clients, continue to evolve.”

Helsing assumes his new position on August 16.

About Home Account

Home Account delivers patent-protected home banking, financial management and electronic commerce solutions to banks, brokerages and other financial service organizations. Home Account’s products include: Canopy Server(tm), an OFX (Open Financial Exchange) financial services platform that allows distribution of services through multiple channels; Canopy Advisor(tm), a strategic financial planning system for use by individuals and financial professionals; Canopy First(tm), a family of outsourced, scalable and brandable Internet products and services for financial institutions, card issuers and brokerages; Canopy Card(tm), innovative Internet account access programs for card issuers; Canopy Business(tm), Internet-based cash management services for business customers; and Canopy Clients(tm), a series of financial management user interfaces.


EZ GmbH & BfS

Orion Technologies, Inc. announced Friday that its wholly owned subsidiary, EZ GmbH, has entered into an agreement with Bank fur Sozialwirtschaft AG (BfS Bank) of Cologne, Germany.

BfS Bank will serve as the clearing bank for the processing of all of the credit and debit card transactions for EZ GmbH’s customer base in Germany. The Bank was specifically chosen by EZ as it specializes in a high volume of transactions throughout Germany.

“This agreement between EZ and BfS Bank enables our subsidiary to most effectively provide both the equipment and services that our customers in Germany require. BfS Bank was chosen for its abilities to process high volumes of transactions on a daily basis,” said A. Frans Heideman, President of Orion.

Orion is concentrating on Internet and telecommunications based technologies and services for e-commerce and related business. It is currently engaged in electronic point of sale terminal rentals and the electronic processing of debit and credit card transactions over such terminals in Europe.

Electronic point of sale processing is the technology used by retailers to facilitate payment by credit or debit cards, bank customer cards (ATM), and chip cards (cash cards) with POS terminals. The use of these terminals, widely used by retailers in the United States and the United Kingdom, is growing very rapidly in Germany and other parts of Europe where Orion has operations.

The management of Orion is also pursuing related acquisitions.


Buy It Button

Internet search engine LookSmart and i-Escrow Inc. announced this morning ‘The Buy It! Button’ which will eliminate the financial risk to small-scale merchants of selling online. The new tool will enable users to accept credit card and non-credit card orders online with no up-front investment or flat rate service charges. Users are only charged fees for the service when transactions are completed. All transactions initiated with the ‘Buy It! Button’ will be completed using i-Escrow online escrow services. The proceeds of each sale are only released to the seller once the buyer has received the shipment and has had an opportunity to inspect the purchase. Both companies said this morning that this new process ensures that merchants get paid for a sale and that buyers receive the purchased item in satisfactory condition, thereby removing the risks of online transactions for both parties.


PubliCARD 2Q/99

CT-based smart card manufacturer PubliCARD, Inc. Friday reported consolidated sales of $6.3 million for the second quarter, an increase of 52% from $4.1 million in the prior year period. The company also reported a loss from continuing operations of $3.2 million in the second quarter, compared to a loss of $941,000 in 1998. During the second quarter PubliCARD introduced ‘SmartReward’, a smart card-based loyalty program designed for retailers who seek to improve customer retention and reward customer loyalty. Other recent smart card-based rollouts include: ‘PCDefender’ (computer security); ‘SmartGuardian’ (library web-filtering); ‘SmartPassky’ (Internet password management); and ‘DataFast D-101’ (hand-held remote data transfer tool). For more details on PubliCARD’s 2Q/99 visit CardData ([www.carddata.com][1]).

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


Rodent Feces?

Print ads for bankrate.com have been cleaned up. FL-based Intelligent Life Corp., launched this month, a $2 million print advertising campaign for its bankrate.com web site, with insertions in news, business, computer and personal finance publications. According to CardWatch (www.cardwatch.com), CardWeb’s marketing intelligence service, the first ad to run appeared in the August 9th issue of U.S. News & World Reports. The ad’s message: “The government ensures that no more than .0009% of your food is rodent feces. Every Percent Counts. Bankrate.com.”. CardWatch says within a few days the ads published in Time Magazine and The Wall Street Journal were sanitized to read: “The government ensures that no more than .0009% of your food is ‘foreign matter’. Every Percent Counts. Bankrate.com.” The print advertising campaign was developed by Crispin Porter Bogusky of Miami. The print ad campaign is part of a $20 million integrated communications program to establish brand awareness and build site traffic for Intelligent Life’s web sites. Other key elements of the integrated communications program include a $10 million online banner and sponsorship program lead by Left Field in San Francisco, and a public relations program developed by Boston-based Miller/Shandwick Technologies. Intelligent Life went public in May.


College Ed

The United States Student Association and MasterCard International Thursday announced a joint program to begin student-to-student personal finance training on college campuses. The effort seeks to engage USSA’s three million members to become student-teachers and guide their peers in understanding key financial concepts. USSA and MasterCard will make personal finance materials available at the primary sources for information on campus such as student newspapers, at registration, on the Internet, and in the dorms. Among the materials to be distributed are handouts designed to increase awareness of core financial concepts. MasterCard and USSA have also produced protective credit card covers that bear specific do’s and don’ts about credit card use and responsible spending. The materials direct students to creditalk.com, a MasterCard website designed to assist college-aged credit card users with tools that help them manage finances and avoid debt.


Cap One Corp Campus

Capital One has dispatched solicitations to real estate developers and brokers in the Northern Virginia suburbs for a site to build a corporate campus. Capital One is looking for 1.0 million to 1.5 million square feet of office space to handle between 4,000 and 6,000 employees. Capital One has about 12,000 employees in the U.S. According to sources involved in the search, Capital One is looking to select its new site by the end of 1999 and then move employees in by October 2001. Cap One’s search has focused on the following areas in Northern Virginia: Tysons Corner; Falls Church; McLean; Alexandria; Merrifield; and Arlington. The firm currently has offices and operations in Richmond, Falls Church and Fredericksburg, all in Virginia.



DBT Online, Inc. announced that Ron Fournet, Chief Information & Technology Officer, has been named President and CEO, replacing Charles A. Lieppe, who resigned as an Officer and Director effective immediately due to personal reasons.

“A sudden illness in my immediate family made it impossible for me to devote my full attention to DBT,” said Mr. Lieppe, who joined DBT as President and CEO in 1997. Mr. Lieppe is known for leading the development and launch of the Company’s successful [www.autotrackxp.com][1] secure anti-fraud, anti-crime information web site and guiding the Company’s national expansion from its Florida roots. “I’m very confident that with Ron’s leadership skills, DBT will continue to aggressively expand through internal growth and acquisition,” he continued. “To help ensure that, I plan to make myself available to him between now and the end of the year to effect a smooth transition.”

Frank Borman, Chairman of DBT, said Mr. Lieppe’s resignation signals no change in corporate strategy or performance. “Speaking for the Board of Directors and the entire Company, we hope for the best for Chuck and his family,” Mr. Borman said. “Chuck has been instrumental to DBT’s growth. Looking ahead, we think Ron is an excellent choice to continue and expand upon Chuck’s work. Ron has extensive experience in the information technology business and has already demonstrated great leadership at DBT.”

In January, Mr. Lieppe created the Chief Information & Technology Officer executive management position to recruit Mr. Fournet from Equifax Inc., where Mr. Fournet was Senior Vice President and Chief Technology Officer of North American operations. At Equifax, Mr. Fournet helped expand the credit information company’s value-added, online “decisioning” products into a significant line of business. These products help commercial institutions analyze massive financial databases to decide on a real-time basis whether to grant consumer or business credit.

“We see a similar business opportunity at DBT to develop increasingly powerful, next-generation services that can help companies speed decision making, reduce risk, and create opportunity,” Mr. Fournet explained. “These new services will be based on the more extensive array of public record and other information that is uniquely available to us through DBT’s massive database. In turn, this should enable us to continue and even accelerate our record of high-profit growth.”

After spending eight years in Army Special Forces Intelligence Operations, Mr. Fournet began his corporate career with GTE Corporation, where he was responsible for advanced software development and applied research for new development technologies. Later, he served US West, where he led its Advanced Technology Information Architecture organization and new business ventures requiring advanced innovative systems development and business-driven systems management. He joined Equifax in 1996 as VP-Application Development and later assumed additional responsibilities as the Company’s Senior VP/CTO for North America.

DBT Online, Inc. ([www.dbtonline.com][2]) is a leading nationwide provider of online public record data and other publicly available information. DBT’s database is one of the country’s largest depositories of public records and other public information, containing more than 4 billion records, with more than 25 terabytes of data storage capacity. DBT currently has more than 14,000 customers consisting primarily of insurance companies, law firms, private investigators, law enforcement, and government agencies.

[1]: http://www.autotrackxp.com/
[2]: http://www.dbtonline.com/


GeldKarte for Cig Machines

The definition of technical standards for GeldKarte terminals in cigarette machines was the occasion of a meeting at the “Heinz Nixdorf Museum Forum” to which ORGA Kartensysteme GmbH had invited well-known machine, terminal and software vendors and the Bundesverband Deutscher Tabakwaren-GroŸh¤ndler und Automatenaufsteller e.V. (BDTA = Federal Association of Tobacco Wholesalers and Automated Machine Installers). The main concern of the participants at the conference was to promote payment with the German electronic purse i.e. GeldKarte, especially at cigarette machines.

“The advantages are obvious as payment will be made quicker and easier for customers. You no longer need to have the right change, breaking open the machines is pointless and in the long term rationalisation is possible due to the reduced need to handle coins,” stated Klaus Ott, the sectional head of the BDTA.

Around 1000 machines accepting payment by the GeldKarte will be installed nation-wide in August this year as part of an acceptance test. “At the moment, Germans are still too much in love with cash,” regrets Ott. But he continued by pointing out that the future is clearly in payment by card and that this was already a matter of course for the young generation. The electronic cash cycle is simple: the person who fills up the machine unloads the electronic cash with an MDE (mobile data entry terminal). Data is transferred contactlessly by infrared. In this way, it is possible to determine immediately how much normal cash and how much electronic cash should be in the machine. This amount is then tallied with the cash in the machine and the number of cigarette packs withdrawn. The MDE transfers this data daily to a PC of the machine installer. The PC detects the data for the electronic cash and sends it by modem to the various bank clearing centres. The amounts are then credited to the account of the machine installer within 24 hours.

ORGA Kartensysteme GmbH is one of the pioneers and market leaders in the smart card industry. It is jointly owned by Bundesdruckerei, Berlin, (74.9%) and DETECON GmbH (25.1%). With subsidiaries, sales offices and joint ventures in Great Britain, France, the US, Russia, China, South Africa, the United Arab Emirates, Denmark, Brazil and Singapore, ORGA enjoys a worldwide presence. In 1998, ORGA’s 845-strong workforce generated sales of DM 302 million.

For more information on ORGA, please visit our web site at [www.orga.com][1]

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