Yesterday, Visa USA and Triple Crown Productions, renewed their partnership agreement. Visa will continue to be the exclusive worldwide sponsor of the Visa Triple Crown which includes broadcast branding, signage and becoming the “Preferred Card” at all tracks. Visa will also continue sponsorship of the $5 million Visa Triple Crown Challenge Bonus until 2005. All Visa Member banks and merchants will continue to recieve pass-through rights to execute promotions surrounding the Visa Triple Crown races.Details
May same-store retail sales rose a moderate 2.5 percent over the same period last year, with sales boosted by stronger West Coast spending, according to data compiled by TeleCheck Services, Inc.. The Midwest region led the nation, followed by the Mid-Atlantic, the Southeast, the West and Southwest (tied) and the Northeast. The TeleCheck Retail Index is based on a year-over-year, same-store comparison of the dollar volume of checks written by consumers at more than 27,000 of TeleCheck’s 210,000 subscribing locations.Details
SIMS Communications Inc. Wednesday announced that its MedCard Division has signed an agreement with MasterCard International Incorporated to promote patients’ use of the MasterCard Card at MedCard’s physician-clients’ offices. MasterCard, in conjunction with MedCard, will promote the card’s use by patients for meeting their insurance co-payment and deductible obligations. Between July 1 and August 31, MasterCard will offer incentives to certain offices using the MedCard System that increase their MasterCard sales.Details
Providian Financial Wednesday announced the launch of its credit card in the United Kingdom. Recognizing the UK as a strong and growing market for consumer credit products, Providian chose the country as the entry point for the development of its international expansion.
Over the past 14 years, Providian has refined its customer-focused business strategy to develop and deliver products to a broad array of customers in the U.S. The company has leveraged this experience to accelerate its development of credit card offers for the international market, and to rapidly move into the UK market.
“The Providian UK team is very excited to take this first step in a disciplined approach to identify unmet customer needs in the U.K.,” said Jim Elliott, Providian Executive Vice President and Managing Director of UK Operations. “The combination of capabilities imported from the U.S. and exceptional local talent gives me confidence in our success in the United Kingdom.”
Providian is tapping a diverse and skilled labor pool that the Greater London area offers to support rapid growth in the UK, and the company currently expects to employ up to 300 employees by the end of 1999.
“Our commitment to investment in international expansion illustrated by this move into the United Kingdom is another example of our approach to continue our long-term earnings growth and build lasting shareholder value,” said Shailesh Mehta, Providian Financial’s Chairman and Chief Executive Officer.
Providian Financial Corporation (www.providian.com) is a leading provider of lending and deposit products to consumers nationwide. With $16 billion in assets under management and over 9 million customers, Providian Financial serves a broad, diversified market with products that include credit cards, revolving lines of credit, home loans, secured cards and fee-based services. San Francisco-based Providian Financial is one of the ten largest bankcard issuers in the nation, and in 1998 ranked as the seventh best performing stock in the S&P 500 and the single best performing stock in the S&P Financial Composite Index.Details
The Smart Card Forum (SCF), a multi-industry organization working to accelerate the widespread acceptance and application of smart card technology, Wednesday invited business leaders, educators, researchers and others to submit presentation and speaking abstracts for its annual meeting scheduled for September 22 — 23 in Washington, DC. For the first time, The Smart Card Forum is extending its call for papers to both members and non-members of the organization. As a result, The Smart Card Forum expects the two-day event to offer a range of perspectives aimed at advancing smart card innovation and implementation.
The theme for The Smart Card Forum’s next Annual Meeting is ‘Privacy and Security in the Online World’ and will feature a number of smart card industry experts who will discuss in depth the regulatory and legal aspects of security issues. Papers that examine the business, regulatory, social or technical aspects of smart card development, deployment and use are sought by The Smart Card Forum.
“By opening up our call for papers to non-members, we expect to generate an even wider exchange of ideas,” said Donna Farmer, president and CEO of The Smart Card Forum. “We welcome and encourage smart card innovators to take advantage of this opportunity to participate in this open event.”
Examples of topics that will be considered include: business case studies — success or failure, innovative business applications, results of trials and rollouts, business case analysis, applications of smart card technology, and privacy and regulatory issues. Papers on new technology developments, innovative development environments for smart cards (i.e., languages), and systems that use smart cards as a component of a system are also welcome.
The deadline for submissions is June 30, 1999. “Early-bird” submissions received by June 15 will receive priority review and consideration.
Papers that are not selected for the annual meeting may be reserved for a later workgroup meeting held by The Smart Card Forum.
Proposals should be submitted by e-mail to firstname.lastname@example.org.
About The Smart Card Forum
The Smart Card Forum (www.smartcardforum.org) is a non-profit, multi- industry organization of nearly 200 members working to accelerate the widespread acceptance and application of multi-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 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. Web site:Details
HyperSecur Corporation announced Wednesday that its wholly-owned subsidiary, HyperSecur Corporation (Canada) has appointed Mr. Jean Sureaud as Vice President, Research & Development.
Most recently, Mr. Sureaud was the President of a consulting company that focused on information technology and telecommunications. He worked 10 years as a computer project manager developing applications in diverse fields before joining SGF Thompson (now known as STMicroelectronics NV, NYSE: STM) for 7 years. He assumed the position of Marketing Manager for Northern Europe and Germany and then headed the Design Assistance Department (Chip Design Laboratories).
In 1988, he joined Gemplus S.C.A. (the world’s leading provider of plastic and smart card-based solutions, according to Dataquest 1998), where he acted as Project Manager and later became the President of Gemplus Canada for three years. As President of Gemplus Canada, he initiated the first smart card deployment in public telephones in North America with Bell Canada (NYSE: BCE). He also worked on an E-purse project and contactless technology in the transit sector. He received a Master’s degree with honours in Computer Science from the University of Paris in 1971.
Earlier this month, HYURA acquired HyperSecur (Canada), which represented that its major asset is the HyperProximity(TM) chip. The hyper proximity technology was introduced earlier this month at the STMicroelectronics booth at the CardTech/SecurTech Conference held in Chicago. The technology will be implemented in the ST16HF52 contactless smart card from STMicroelectronics. The chip is a dual proximity level contactless solution based on ISO 14443 Type B. Mr. Sureaud, a co-inventor of the HyperProximity technology, said: “Our new chip will become the standard for smart cards because of its dual functions and the reduced maintenance cost for readers. We are just starting to understand all the potential uses the chip may have in the information and security sectors.”
HyperSecur Corporation plans to exploit this high-tech state-of-the-art technology with strategic partnerships to develop the hardware and software necessary to market the new technology to card manufacturers, system integrators and end users. The final product will be a new contactless chip and smart card based operating system supporting an innovative security structure. Presently, there is very limited use of the HyperProximity technology. At this time, the Company has not fully evaluated the market potential of the technology and, therefore, is not sure of its size. The Class A common stock of the corporation is traded on the Over-The-Counter Electronic Bulletin Board (“OTCBB”) system with the symbol: HYURA.Details
Transmedia Network Inc., updated the status of its acquisition of Dining a la Card from The Signature Group, indicating that the transaction remains on track. In March 1999, Transmedia and The Signature Group entered into a definitive agreement whereby Transmedia will acquire substantially all of the assets of Dining a la Card, creating a dining savings program with more than 2.5 million cardmembers and 10,000 restaurant merchants across the United States. In April 1999, Transmedia announced that the waiting period under the Hart-Scott- Rodino Antitrust Improvements Act had expired.
Gene Henderson, President and CEO of Transmedia, said, “Although we had originally hoped to meet our aggressive timetable to complete the financing arrangements and close the transaction by the end of May, we now anticipate that the closing may not occur until the middle of the third calendar quarter of 1999. We are working with our financing sources to complete the process, which includes obtaining an investment grade rating on the facility. We continue to pursue our integration plan for the assimilation of Dining a la Card and look forward to providing our members, merchants, and marketing partners with the premier dining program in the country.”
Rod Starmer, Senior Vice President of The Signature Group, said, “We remain committed to the sale of Dining a la Card and the high-quality dining program that the combination with Transmedia will bring to our marketing partners and member base.”
Transmedia Network Inc., based in North Miami, Florida, is a leader in the development and marketing of transaction-based dining and other consumer savings programs. The Signature Group, based in Schaumburg, Illinois, is a leading provider of fee-based membership services including Dining a la Card, a dining program which serves members of several frequent flyer programs, including American Airlines, Delta Airlines, United Airlines, US Airways, TWA, Northwest Airlines, Continental Airlines, and British Airways.
Statements in this release that are not strictly historical are “forward- looking” statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, which may cause the company’s actual results in the future to differ materially from expected results. These risks are qualified in their entirety by cautionary language and risk factors set forth in the company’s filings with the Securities and Exchange Commission.Details
MDC corporation announced yesterday that is has entered into a five-year marketing partnership with First USA. First USA will directly market a series of affinity cards to the 13 million MDC customers. MDC offers secure transaction products including personalized transaction, electronic transaction, secure ticketing, stamps and business and technology services. MDC and First USA will also cross market their products including sharing links to each others Website.Details
CheckFree and Hawaiian Electric Company (HECO) Wednesday announced an agreement that will enable HECO’s more than 270,000 customers to receive Internet-based electronic billing and payment services beginning this fall. When the service is offered this fall, Hawaiian Electric customers who visit a financial services Web site offering the CheckFree E-Bill service will be able to receive and pay their electric bills via the World Wide Web with the click of a mouse. Unlike most other online services that offer bill payment only, customers who sign up for this service will see full-color electric bills — complete with graphics, logos and total billing details.Details
Diebold, Incorporated announced yesterday that it has completed its acquisition of the ATM service business of Comware S.A., based in Bogota. Comware had been a Diebold distributor since 1985.
Diebold announced the acquisition in March when it acquired 55 percent of Richardson & Cia. Ltda., a financial technology company in Bogota which was renamed Diebold Colombia S.A. The Comware ATM service business will become part of the Diebold Colombia organization. Diebold Colombia handles sales and service for all Diebold product offerings in Colombia.
Diebold, Incorporated is the global leader in providing integrated delivery systems and services. Founded in 1859, the company employs more than 6,000 associates in some 120 locations worldwide with headquarters in Canton, Ohio, USA. Diebold reported revenue of US$1.2 billion in 1998 and is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s Web site at [www.diebold.com].
LivePerson, Inc. (www.liveperson.com) announced that 50 leading Internet commerce sites are using its technology to provide real-time sales support to their customers, changing the face of e-commerce today. LivePerson has added sixdegrees to its growing list of impressive clients. Solidifying its position as the leader in online customer service, LivePerson is making e-commerce a more user-friendly experience while maximizing Web site profitability.
LivePerson’s technology allows visitors to e-commerce sites to engage in real-time text conversations with customer service representatives, providing shoppers with a secure, Web-based forum for questions and assistance. By providing e-commerce sites with the ability to directly interact with their customers at the point-of-sale, LivePerson enables these sites to increase average order sizes, online conversion and customer retention rates. Furthermore, LivePerson is the most cost-effective customer service solution available, as it significantly reduces telephony charges and requires no hardware or software installation.
“Signing 50 major e-commerce sites in only our first few months of business is a remarkable achievement,” remarked Robert LoCascio, CEO of LivePerson. “The rapid pace of our growth is a testament to the quality of the service we offer our clients, as well as an indication of the e-commerce market’s need for dependable customer service something we provide quickly and affordably.” The addition of clients such as sixdegrees positions the company as the most rapidly expanding force in live customer service. These new clients, along with LivePerson’s existing client base which includes CBS SportsLine’s IGoGolf.com, FragranceCounter.com, NationsBank’s Carfinance.com, Find SVP, 9Net Avenue, and 1800DayTrade.com, highlight LivePerson’s ability to provide the nation’s most trafficked e-commerce sites with an immediate and innovative solution to their customer service needs.
With headquarters in New York City, LivePerson is a privately held, venture-backed company whose mission is to bring dependable, real-time customer service to the e-commerce marketplace. Founded in 1998, the company’s initial financing was led by Dawntreader, and included FGII, Sterling Payot, and Silicon Alley Venture Partners. Additional financing was provided by Allen & Company, Sculley Brothers, and Alan Braverman.Details
The Sun-Netscape Alliance and Equifax Secure, the e-commerce privacy and security division of Equifax, Tuesday announced plans to provide security infrastructure for large-scale e-commerce applications based on their combined Internet security solutions. Under the agreement, Equifax Secure will use Netscape ‘Directory for Secure E-Commerce’, which includes Netscape ‘Certificate Management System 4.0’, as part of its multiple directory and digital certificate services offered to e-commerce providers such as banks, credit card companies and consumer retailers. Equifax Secure will also offer its patent-pending remote consumer authentication technology for use with Netscape ‘Certificate Management System 4.0’. At the same time, Netscape will include Equifax Secure as a Certificate Authority in its client products.Details