Europay Agreement

VA-based Excalibur Technologies announced an agreement Tuesday with Europay International. Europay recently completed integration of ‘Excalibur RetrievalWare’, into Europay’s online service providing marketing, security and business-related information for its 9,000 members consisting of banks and financial institutions throughout Europe. In addition, ‘Excalibur RetrievalWare’ is being utilized internally by Europay’s 600 employees in Europe. Modeled after its partner’s ‘MasterCard-OnLiNE’ service, ‘Europay OnLine’ is a complete line of web-based software products and services delivered via a powerful extranet infrastructure accessible only to member financial institutions.

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GO2NET Cards

Go2Net, Inc. and Fleet Credit Card Services yesterday announced that they have reached agreement with MasterCard International to be the sponsoring payment system for Go2Net-branded credit cards available to users of the Go2Net Network. The credit cards will feature the Go2Net Network brand, along with brands of the network’s most popular sites, including Silicon Investor, MetaCrawler and HyperMart, among others.

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PaymenNet Takes-Off

PaymentNet announced this morning that it has secured a second round of new funding from a number of investors. Participants include Wells Fargo, AT&T Ventures, Convergence Partners, Bay View Investors, Ltd., and GC&H Investments. PaymentNet is a service leader in outsourced e-commerce transaction processing. The company provides secure, Internet-based transaction and payment processing for a broad range of businesses that sell goods and services through a variety of e-commerce media. PaymentNet also announced today that Martin Stein, former vice chairman of BankAmerica Corp., has joined the PaymentNet Board of Directors.

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Conglubaration

Hewlett-Packard Co. and its VeriFone division have teamed up with De La Rue to provide a modular solution that will enable the development and secure delivery of expansive electronic commerce services to consumers’ GSM phones. The ‘VeriSmart GSM’ solution, intends to provide technology that starts by enabling easy-to-use, information services such as news, weather and stock quotes, and can evolve to adopt such services as mobile stored value loading, mobile purchasing and full mobile commerce over the Internet. HP said it plans to implement the ‘VeriSmart GSM’ solution to mobile operators around the world, and that it sees a tight integration between ‘VeriSmart GSM’ and HP’s existing customer-care and billing systems through HP’s mobile partners that will allow consumers to conduct over-the-air provisioning of services and payment.

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Cap One UK

Following Capital One’s opening of its first operations center in Europe, the non-bank card issuer announced Tuesday it plans to create 300 additional jobs by the end of 2000. Capital One now plans to recruit 900 people by the end of this year, a year ahead of schedule, following the firm’s UK growth rate, which has exceeded expectations. It also plans to recruit an additional 300 people by the end of 2000, resulting in a total of 1,200 jobs.

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Bank One – PRISM

RI-based Nestor, Inc. announced that Bank One Transaction Processing Services has licensed ‘PRISM’, Nestor’s fraud protection system to predict and safeguard against fraud. Through the licensing agreement, Transaction Processing Services will provide the ‘PRISM’ system to its credit card clients such as Crittson Financial, and brokerage clients, including Morgan Stanley Dean Witter, The Pershing Division of Donaldson, Lufkin, and Jenrette Securities Corporation, and Reserve Funds. ‘PRISM’ is an intelligent risk management system that provides early and accurate fraud detection by identifying suspect activity. The system automatically adapts to new and altered patterns of criminal behavior before fraud losses multiply.

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Magic Line Deal

Magic Line has signed a five-year participation and gateway services agreement with Dearborn Federal Credit Union, Michigan’s largest credit union. They also signed an Internet banking agreement through Magic Line’s partnership with Online Resources to provide the Credit Union with a fully-branded Web site where it can offer its members account access for balance inquiries, transfers and electronic bill payment. DFCU holds more than $1.1 billion in assets and has over 170,000 members nationwide, and more than 100,000 of them are ATM and debit cardholders.

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Primeflex Cards

Schlumberger introduced yesterday ‘Primeflex Entry’, a unique card specifically designed to provide easy and cost effective entry to smart loyalty. The card delivers all the recognized benefits of smart card technology — security, ease of use, and low life cycle costs. It will enable retailers to implement simple loyalty programs rapidly and economically, while providing a foundation for more complex and sophisticated programs in the future. One card will store up to two million points, plus additional information about the card holder for use in building targeted marketing programs.

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Precis Deal

OK-based Precis Smart Card Systems and VeriFone announced yesterday that Precis is the first applications developer partner signed to create smart card applications for VeriFone’s ‘VeriSmart’ software system. ‘VeriSmart’ software is a flexible client/server technology that enables financial institutions, telecommunications companies, cable/satellite providers and other service providers to centrally manage multiple smart card applications, smart card reader devices and host interfaces.

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