OH-based Huntington National Bank introduced its smart card program during a mass carding event held on the University of Central Florida campus. The event attracted more than 18,000 students, faculty and staff who lined up to be one of the first to receive the new ‘UCF Card’. In addition to serving as an identification and library card, other functions include purchases at campus vending machines and photocopiers and pre-paid long distance phone service. It also serves as the users’ ATM card for their Huntington checking account. To date, the bank has issued 24,000 ‘UCF’ cards and opened 2,500 UCF accounts.Details
HONOR Technologies Inc. and Star System Inc. Wednesday announced that they have received Federal Reserve approval to merge. Following a shareholder vote, the two companies are slated to merge on Mar. 1. The company will be privately held by the 52 current owners of HONOR Technologies Inc. and Star System Inc.. The new company will serve in excess of 3,700 financial institution members with a primary service area covering 20 states across the country. More than 70,000 ATMs and 250,000 POS locations will be part of the newly formed network.Details
American Express also announced yesterday it is beefing up its ‘Membership Rewards’ program with the addition of several new partners. The new partners are: Borders Books & Music, Champs Sports, Coach, Foot Locker, Kids Foot Locker, Lady Foot Locker, The NBA Store, Royal Doulton, Samsonite Company Stores, The Sharper Image, Zany Brainy and Avis and Cathay Pacific Airways in the travel category. The AmEx program, launched in June 1991, now has more than 3 million enrollees. ‘Membership Rewards’ points, which do not expire, can be redeemed for airline rewards beginning at 1,000 points and for merchandise rewards beginning at 2,500 points.Details
First Data Resources became the first card processor to offer its commercial card issuers ‘VISA Business Spending Reports’. The reports provide quarterly and year-to-date transaction activity for small business cardholders. The reports include a cardholder detail report, which displays transaction detail by merchant category code group; a cardholder summary providing total dollars billed by month and merchant category code group; and a company summary, which aggregates spending for all cardholders of the company. The First Data commercial card platform provides flexible and customizable billing, reporting, and authorization options for more than 65 commercial card issuers and more than 2.6 million small business, travel and entertainment and purchasing card accounts.Details
Equifax Secure Inc., Tuesday unveiled the ‘Equifax Secure E-Commerce Partners Program’ aimed at providing a single, comprehensive resource for next-generation solutions to facilitate highly secure, private e-commerce over the Internet and other networks. The program includes organizations focused on Internet commerce, including security/privacy firms, systems integrators, independent software vendors and hardware providers as well as Internet service providers. Targeted independent software vendors and systems integrators will offer public key infrastructure-based applications dedicated to providing secure Internet communications. Equifax Secure partners will support a variety of applications, including secure electronic mail, secure forms, electronic data interchange, virtual private networks, supply chain management, credit/smart card processing/applications, internet banking, and remote secure access or single sign-on.Details
Online community, theglobe.com, announced yesterday it is offering a special Valentine’s Day area sponsored by the Discover Card. “Passport To Love,” which features virtual islands that users can visit for a myriad of interactive experiences, will include a special section sponsored by Hewlett Packard where members can choose from over 1,000 free online greetings from Hallmark Cards. theglobe.com has about 2 million members and over 7.5 million users in the U.S. and abroad.Details
MA-based International Data Corp. predicted yesterday that sales of Internet banking applications will soar 250% this year. IDC says Internet banking applications are quickly becoming the panacea for banks hoping to increase their market share and retain customers. An IDC bulletin, released last night, shows that sales of these applications topped $93 million in 1998 and will jump to over $326 million in 1999. The report said more than 1,200 banks and credit unions in the U.S. signed with online banking applications vendors and providers to build fully transactional Web sites in 1998. This year 7,200 more financial institutions will acquire online banking applications. By the year 2000, IDC expects Internet banking applications to account for almost one-third of the overall U.S. banking applications market.Details
Robin Abrams, president and CEO of VeriFone, is resigning and will join 3Com Corp.’s Palm Computing. Abrams will become president of Palm Computing and SVP of 3Com on Feb. 12. She joined VeriFone in Mar. 1997. Abrams has nearly 25 years of computing and computer services expertise coupled with strategic planning and management experience.Details
National Consumer Protection Week received a major publicity boost yesterday as the Federal Trade Commission and National Association of Attorneys General announced that 17 law enforcement agencies have filed 43 law enforcement actions against defendants who claim to help consumers obtain new credit histories through new identification numbers, a practice known as “file segregation.” The suspect firms sell instructions about how consumers can substitute federally-issued, nine-digit employee identification numbers or taxpayer identification numbers for social security numbers and use them illegally to build new credit profiles. For fees ranging from $29.95 to $200.00, the companies offer to sell consumers the instructions they need to apply to the Internal Revenue Service for employer or taxpayer identification numbers. The FTC also noted yesterday that the Internet has enabled this scam to spread far and wide. For more information on National Consumer Protecton Week visit CardTrak ([www.cardtrak.com]).
SmartDisk Corporation, a company focused on providing simple, innovative solutions that advance and enhance the use of miniature media and smart cards, announced that Rohm Company, Ltd. and Yamaichi Electronics Company, Ltd. have made investments in the company and become its strategic partners.
Rohm will provide ASIC (application specific integrated circuit) design expertise needed for the small form factor devices that are part of SmartDisk’s product line. Yamaichi will provide the high volume manufacturing capability needed to support SmartDisk’s products.
“When electronics leaders such as Rohm and Yamaichi make a commitment to participate in our business, it underscores the viability of SmartDisk’s unique patented technology and the growing importance of the flash memory and smart card arenas,” said Addison M. Fischer, Chairman, SmartDisk Corporation. “We look forward to long and rewarding relationships with both Rohm and Yamaichi.”
FlashPath(TM) has the same physical dimensions as a 3.5 inch floppy disk, and includes a slot in which a Toshiba SmartMedia(TM) card can be inserted. FlashPath fits directly into and works from the 3.5 inch floppy disk drive found on most PCs, quickly and easily uploading digital images, audio clips and data from the SmartMedia card onto the PC for editing and transport. FlashPath provides SmartMedia with a decisive advantage over other portable storage media because it can be used with various PCs, including portable and desktop computers, without the need for special cards, external connections or interfaces. FlashPath is expected to accelerate further development of the digital still camera market and to significantly expand the use of SmartMedia for other purposes including audio applications and general data storage.
The Smarty(TM) smart card reader/writer acts as a bridge between a smart card and a PC. Smarty has the same dimensions as a 3.5 inch floppy disk and includes a slot into which a smart card can be inserted. To use it, one simply inserts a smart card into the slot and slips Smarty into a PC’s floppy drive. Increasing use of smart cards in Asia, Europe and the U.S. is fueling a need for a versatile, economical card reader. Smarty fulfills this need, supporting electronic commerce, banking, health care, and government applications, and the high-level security that such transactions require including access control, network authentication and data certification.
About Rohm Company, Ltd.
Rohm Company, Ltd. is engaged in the development and manufacturing of various types of semiconductors. In the field of monolithic integrated circuits (ICs), Rohm specializes in the development of application specific custom ICs, which are widely used in PCs, networks, communications and multimedia. In the field of devices, Rohm has manufacturing capability in deep submicron complementary metal oxide semiconductors (CMOS), bipolar CMOS (BiCMOS) and bipolar process technologies, and is capable of applying its diverse capabilities to specific application requirements. In addition, Rohm has advanced technical capability in developing nonvolatile memory devices as it owns the basic patents of flash memory structures and unique high reliability electrically erasable programmable read only memory (EEPROM) cell structures. For additional information, visit Rohm’s web site: [www.rohm.com].
About Yamaichi Electronics Company, Ltd.
Yamaichi was established in 1956 in Tokyo as a supplier of high performance interconnection devices. In order to produce Yamaichi’s very high precision, fine pitch sockets and connectors with consistent quality, the company’s manufacturing facilities use the latest in automated production and assembly equipment. With over 2,000 employees, including 110 engineers and a total of 250,000 square feet of manufacturing space, including plants in the Philippines, Korea and China, Yamaichi can provide its customers with custom or conventional products with the most favorable combination of price, quality and delivery.
About SmartDisk Corporation
SmartDisk Corporation is the provider of patented solutions for reading and writing to flash memory cards, smart cards and other miniature storage media. These solutions take the form factor of a 3.5-inch floppy disk, therefore transforming the floppy disk drive of the personal computer to enable new applications. The market for SmartDisk’s solutions is the installed base of 300 million personal computers that work with the 3.5-inch floppy disk drive. SmartDisk Corporation was formed to capitalize on the growth of digital applications. For more information, go to [www.smartdisk.com].
Tower Technology, Inc., announced that American Express has chosen Tower Technology’s case management solutions for American Express customer service operations across Europe. The advanced case management system, which will be headquartered in Brighton, England, will allow American Express to provide improved customer service across Europe.
The system, designed and implemented by Tower Technology and Staffware Corporation, integrates document imaging and case management to process all incoming documents, facsimiles, e-mail and telephone calls from American Express merchants throughout Europe. Through the use of sophisticated workflows, the system will automate many existing manual processes and eliminate the majority of paper documents that American Express customer service representatives handle. It will be fully operational later this month.
“This is an exciting development which will deliver state-of-the-art-technology to the Operations Group, increasing productivity by more than 30 per cent and resulting in improved customer service,” said Michael Whyte, Vice President of Re-engineering at American Express. “The introduction of this type of technology directly supports the American Express mission to deliver `Best in Class’ service to its customers and achieve the fastest possible time to market for new products and services.”
“Our technology lends itself to rapid deployment against tight schedules and we were able to demonstrate this to American Express,” said Damian Hyland, Managing Director of Tower Technology. “Naturally, we are very pleased to be working with an organization like American Express which has built its business on outstanding customer service.”
About Tower Technology
Tower Technology is a privately held company established in 1987 in Sydney, Australia. It is a worldwide leader in delivering award-winning, high-volume, production imaging, case management and integrated document management solutions. Tower Technology has a proven track record of providing mission-critical solutions on time and on budget. Many of the world’s largest imaging and document management systems, some of which have hundreds of millions of objects on-line, are powered by Tower Technology. Tower Technology supports customers around the world and has offices in the U.S., Australia and Europe. For more information on Tower Technology and Tower IDM, contact Tower Technology at 617-236-5500, e-mail: [email@example.com] or visit the web site at [www.towertechnology.com].
‘Club Rewards’ by Diners Club won coveted honors for the second consecutive year, by being awarded the prestigious ‘1998 Freddie Award’ for the “Best Frequent Traveler Affinity Charge/Credit Card” by the readers of InsideFlyer magazine. In addition to being named the favorite program of the year, voters also awarded Diners Club a 9.3605 out of a possible 10 in terms of value delivered. More than 82,480 frequent flyers determined the winners by written or on-line ballots. On average, the voters belong to seven loyalty programs.Details