Rate Still King

Cobranded, rewards-type credit cards clearly drive volume but plain vanilla, lower-rate cards issued by major players are emerging as the winners in producing higher yields. Among industry sectors tracked by Bankcard Barometer, major issuers ($3 billion+) specializing in no-frills, long-term lower interest rates are realizing average annual growth rates of 19% in card loans, the highest among all industry segments. By comparison average annual growth in receivables among the cobranded/affinity specialists is 14%, as of the third quarter. The two segments ran neck-to-neck from 1993 to 1996. Average growth rates among some other segments: secured cards 17% and credit unions 18%.

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Oracle Payment Processing

The world’s second largest software company is testing an integrated payment processing solution designed for help systems integrators speed the development and deployment of electronic commerce applications. ‘Oracle Payment Server 1.0’ is a Java cartridge that is deployed on the ‘Oracle Web Application Server 3.0’ and bundles third-party payment systems from ICVERIFY and CyberCash. Some of the key features of yesterday’s beta release of the software include: rules-based payment routing, a single API, SSL/SET security and multiple-site support.

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APrinT HoloPass

Advanced Precision Technology Inc., a San Francisco based developer of personal authentication systems, unveiled its latest fingerprint capture device, the APrinT HoloPass at the CTST – West, one of the world’s leading smart cards, security and biometrics technologies events.

The HoloPass, which was co-developed with SRI International of Menlo Park, CA, incorporates APT’s patented holographic optics to consistently produce forensic quality images vital for public safety, civil and commercial applications requiring one-to-one verification and one-to-many matching.

“We’ve designed the HoloPass to meet the most stringent image quality specifications”, said Bruce A. Pastorius, APT’s President and CEO, “In addition, our flexible compact design allows the HoloPass(TM) to be used either as a desktop device or be integrated into virtually any transaction approval application such as ATMs, time and attendance, physical security and database access.”

APT will offer the HoloPass for $695 to value-added resellers, OEMs and system integrators. Evaluation units and complementary software will be shipped to several potential channel partners and end users in the government and commercial sectors by January, 1998.

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Holiday Consumer Pulse

Among the myriads of holiday statistics is the quirky fact that 26% of shoppers say credit or debit cards encourages them to spend more. The finding came from the VISA-sponsored, International Mass Retail Association’s ‘Weekly Holiday Shopping Study’, conducted last week. The IMRA study also found only 4% of shoppers will use the Internet to purchase gifts and that pet gifts and power tools are the hottest gift items this year.

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JumboCard!

Smart cards were taken to a new level yesterday as San Jose- based Amazing Controls! introduced the largest storage capacity chip card yet. ‘JumboCard!’ offers a storage capacity of up to 1 Mbit of data, is less expensive and more flexible than optical or flash memory cards. The company is demonstrating the product at this week’s CardTech/SecurTech West conference by uploading and storing complex X-ray images combined with patient data. Amazing Controls! also introduced its ‘ComboCard’ yesterday which combines ‘MIFARE’ contactless RF technology with either secure memory or microprocessor smart card capability. The ‘JumboCard!’ runs about $40 each in volume and the ‘ComboCard!’ runs between $3 and $10 each, depending on chips used for the contact function.

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PC/SC Specifications

The PC/SC Workgroup, a collaborative effort of leading international personal computer and smart card companies united to integrate their technologies under common standards, announced the release of version 1.0 of the PC/SC specifications, allowing broad integration of smart card benefits into the personal computer.

Like other applications such as identity and payment, smart cards are widely seen as the key enabling component in the emerging public key security infrastructure underlying internet and electronic commerce. Smart card technology is increasingly relied upon to provide secure access and authenticity of transactions and information exchange. The smart card offers a highly tamper-resistant hardware component to complement the robust public key cryptographic algorithm.

The new specifications, previously available in beta form for review and comment, are the conclusion of a year-long collaboration between major industry leaders in the smart card-PC markets. PC/SC Workgroup members include Bull Personal Transaction Systems, Gemplus, Hewlett-Packard, IBM, Microsoft Corp., Schlumberger, Siemens-Nixdorf Inc., Sun Microsystems, Toshiba Corp., and VeriFone. These companies bring together valuable expertise in smart cards, electronic commerce, desktop and portable PC operating systems, personal computers, network computers, advanced portable PCs, and network security technology.

“This industry-wide effort, culminating in the on-schedule release of the full PC/SC specifications and the first implementation on the Windows platform, lays the critical groundwork for convergence of smart card and computing platform technologies,” said Philippe Goetschel, director of security products for Microsoft. “From network security to electronic commerce applications, both software developers and users can immediately benefit from the ability of market-leading computing platforms and applications to seamlessly integrate with smart card-based resources.”

The smart card provides security and user-friendly portability for information, payment, and secure network access, while the PC/SC specification leads to lower costs and increased choice by offering interoperability among the many smart card product offerings from multiple vendors.

The PC/SC Workgroup also has initiated discussions with the OpenCard Framework group to achieve compatibility between the two approaches.

The Workgroup also provided further details on its specification roadmap and on products already supporting the new standard, including support for the Windows 95, Windows 98, Windows NT 4.0 and Windows NT 5.0 operating system platforms. Most of the ten Workgroup members are exhibiting at CardTech-SecurTech West, Dec. 10-11, in San Jose, CA and will be demonstrating PC/SC-compliant products.

The PC/SC Workgroup specifications are completely platform-independent and are available via the organization’s Web site — http://www.smartcardsys.com. The first implementation is on the 32-bit Windows platforms. This effort builds upon existing industry smart card standards — ISO7816 and EMV — and complements them by defining low-level device interfaces and device-independent application APIs, as well as resource management to allow multiple applications to share smart card devices attached to a system.

The standardization of the smart card and reader APIs within the operating environments running on most of the worlds computing platforms also will provide a boost to developers of smart card-enabled applications by allowing use of widespread and familiar software development tools.

Standardization Benefits Everyone — PC, Smart Card Industries, and End-Users alike

By using the smart card APIs and device management infrastructure, application developers can easily and rapidly develop and maintain applications that will work with any complaint smart card reader via attachment to PCs.

For smart card manufacturers, PC/SC standards simplify development and maintenance of interface libraries. Smart card reader manufacturers benefit because any PC/SC-compliant smart card application will work with a PC/SC-compliant reader.

The end-user marketplace will be the ultimate beneficiary of PC/SC Workgroup standardization due to investment protection and lower costs. End-users will have a large number of smart card-enabled applications that will use the same interface device, and the cost of the devices will be market-driven based upon a standardization/volume effect.

New Standard Supported Now by Broad Product Offerings

In parallel, the members have each developed their own PC/SC-compliant products. These include:

— Bull’s SmarTLP(TM) serial reader, the SecurLINK2(TM) PCMCIA reader for portable PCs, SafePad for electronic commerce applications plus CP8 smart cards and related services will be available in volume along with PC and network security applications like CP8 LOG for Windows and for Windows NT.

— Gemplus is building PC/SC support into its smart card production, beginning with the GPK2000 and 2nd-generation GPK4000 cryptographic Public Key smart cards for securing online access and E-commerce. PC/SC compatible readers from Gemplus include the new GCR410 serial port reader, the GCR400-FD bay-mount reader, the GCR500 reader with PIN-pad and display, and the GPR400 PCMCIA-based reader.

— Hewlett-Packard plans to ship a PS/2 Integrated Smart Card Reader Keyboard in Q1 98.

— IBM is offering the 5799-QTC Smart Card Toolkit which provides a powerful set of development tools that support application development for IBM’s MultiFunction Card (MFC) using PC/SC compliant devices.

— Microsoft has implemented the PC/SC 1.0 specifications on the Windows 95 and Windows NT 4.0 platforms and has released the implementation to the Web available at . The Microsoft Smart Card 1.0 release includes the base components for Windows 95 and Windows NT 4.0, the Smart Card SDK that is integrated with the standard Microsoft Win32 Platform SDK used by ISVs, and the Smart Card DDK available to OEMs and IHVs interested in developing device drivers for the Windows 95 and Windows NT 4.0 platforms. In addition, Microsoft Internet Explorer 4.0 and Outlook Express are fully smart card-enabled to support client authentication and secure email using S/MIME where the private key material and certificate are stored on the smart card for increased security.

— Schlumberger has introduced Cryptoflex(TM), a cryptographic smart card, the Reflex 20 and Reflex 60 smart card readers and SafePaK(TM), a family of products that combines Cryptoflex, readers, and PC software for network security applications.

— Siemens Nixdorf offers several PC/SC-compliant products, including a PCMCIA card reader, a PS/2 keyboard reader, and the SICRYPT card.

— They also are shipping their desktop and tower PCs with integrated chip card readers. SNI’s near term plans include a SCENIC Mobile notebook with an integrated smart card reader.

— Toshiba plans to start shipping a PCMCIA-type smart card reader/writer, in the first quarter of next year. The company is also developing smart cards with their own APIs for Service Provider and Crypto Provider, which will be introduced in the near future.

— VeriFone plans to adopt the PC/SC specifications, at the appropriate times, into its PC chip card products. Examples include its VeriSmart(TM) Java class hierarchy supporting purse cards and its internet commerce product vWALLET(TM) for the storing of SET certificates. VeriFone will also help develop the next phase of the PC/SC specifications to address smart card devices supporting PIN entry.

Widened Industry Feedback Crucial in Evolution of the PC/SC Standard

With the core work completed, the PC/SC Workgroup will give manufacturers and issuers of PC/SC compliant products a voice in the evolution of the standard at a PC/SC Forum to be held in the Spring of 1998 at CardTech/SecurTech in Washington, D.C.

Now that the v1.0 release level is achieved, the PC/SC Workgroup also will be developing a roadmap for eventual transfer of the specifications to an appropriate standardization body.

PC/SC Workgroup Background

The Workgroup’s mission is to advance the newly released specifications both to ensure that smart cards, smart card readers, and computers made by different manufacturers will work together, and to facilitate the development of PC and other computing platform smart card applications.

The PC/SC specification is designed to be extensible to a variety of computing devices. Leading application developers can now easily add powerful new smart card-based features to their products, and smart cards can be as omnipresent in the computing world as floppy disks to do whatever the application requires concerning secure-access, data portability, digital signatures, authentication and payment for internet commerce, or the other unique attributes that can be provided by a smart card.

Information on the PC/SC Workgroup can be accessed at [www.smartcardsys.com][1].

Sun Microsystems and Java are trademarks of Sun Microsystems Inc. All trademarks, service marks, and company names are the property of their respective owners.

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

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Canadian Smart Restaurant Cards

Schlumberger Electronic Transactions today announced that it has joined forces with Value-Added-Reseller Cyberpro Technologies, inc. to provide the Rotisseries St-Hubert restaurant chain with 50,000 stored value smart cards, leading-edge point-of-sale terminals and unique application software for an innovative electronic gift certificate promotion.

Using Schlumberger’s disposable stored value smart cards and leading-edge MagIC 9000 point-of-sale terminals for processing transactions, Rotisseries St-Hubert has begun selling electronic gift certificates valued at $20 and $50 at its 83 locations throughout Canada. The technology-enabled promotion began on December 3. Gift sleeves are offered with each purchase.

“Electronic gift certificates have a higher perceived value than a paper certificate,” stated Daniel Tardif, president, Cyberpro Technologies, inc. “They are also more convenient since they provide customers with exact change on small transactions, instead of a new credit slip each time they spend part of a gift certificate’s value.” Tardif noted that retailers benefit, too, since the fully automated system saves the time and expense associated with processing paper gift certificates and credit slips.

Each of the chain’s locations will be equipped with two of Schlumberger’s MagIC 9000 terminals, one for delivery and the other for restaurant dining. The terminals are part of a total solution designed by Cyberpro that includes the development of the gift certificate application, its integration in terminals, terminal installation, smart cards and the development of a data management center. All transaction records are kept in the memory of the terminal, which is programmed to automatically dial into the Cyberpro Data Center twice a week to upload transaction data to the server. From this data, Cyberpro creates sales statistics and sales data reporting for the Rotisseries St-Hubert head office, which controls and manages the whole system for its franchises.

“Schlumberger’s MagIC 9000 is the ideal payment terminal for this program,” Tardif stated. “The terminals are easily adaptable for specialized application programs, are portable for processing delivery transactions, provide quick and easy processing directly at the table, and offer customers an easy way to enter tips and approve their transaction themselves on the terminal keypad.”

According to Xavier Chanay, general manager of Schlumberger Electronic Transactions’ Banking, Retail & Health division, MagIC terminals are designed to meet the needs of third party developers such as Cyberpro. “The MagIC 9000 is designed as a single, open system for processing credit, debit and smart cards at point-of-sale,” Chanay said. “Our flexible software architecture lends itself to third party development of diverse applications — such as loyalty programs, closed community applications, electronic purse and stored value programs — which must reside side-by-side with existing, certified standard applications.”

About Schlumberger

Schlumberger Electronic Transactions offers a flexible portfolio of smart card-based solutions for businesses and communities of all kinds. The company provides cards, terminals, development tools and support in open configurations for operators, developers, integrators and distributors worldwide . Under The Smart Village brand, the Schlumberger offer includes the milestone Cyberflex card, the industry’s first Java-based smart card.

Schlumberger is unique in that it provides both smart cards and turnkey solutions along with a full range of tools and services for Telecom, Banking, Retail, Mass Transit & Parking, Healthcare and Networks. The company has design and manufacturing facilities in Europe, North America, Asia and Latin America. Its manufacturing capacity exceeds 850 million cards annually to fulfill the needs of government and private sectors as they move toward cashless, p.pless transactions.

The Electronic Transactions group employs over 5,000 people and operates 45 facilities. Among dedicated facilities in 34 countries, the group has 9 research and development centers strategically located in Europe, Asia and North America.

Schlumberger Electronic Transactions is a business segment of Schlumberger Limited, a $9 billion global technology service company providing oilfield services, natural resource management, transactions based technology and associated systems, and semiconductor test equipment.

About Cyberpro

Cyberpro Technologies, inc. is a North American-based smart card solution provider and application developer. The company’s technical know-how of smart card applications coupled with marketing and retail operations expertise allows clients to combine the efficiency of innovative electronic marketing with the primary goal of increased sales and operational efficiency. Cyberpro’s solutions integrate concept development, application programming and its integration in card reading terminals, supply of cards and terminals, as well as a data management system, with added services such as feasibility studies and project management and implementation. Cyberpro is part of the GTC Transcontinental Group Ltd., a North American leader in the communications industry with revenues exceeding $1 billion in 1996 and activities in commercial printing and distribution of periodicals and communication material, as well as electronic information and commerce.

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B A Custom Cards Snags Contract

B A Custom Cards, a division of Quebecor Printing Canada announced Wednesday the expansion of its telecommunication card business with the award of a contract for the production and fulfilment for all of the Stentor Alliance card programs.

The members of the Stentor Alliance include: BC TEL, Bell Canada, Island Tel, Manitoba Telecom Services, Maritime Tel & Tel, NBTel, NewTel Communications, NorthwesTel, QuebecTel, SaskTel and TELUS.

The contract includes the production and fulfilment of the Stentor Alliance Calling Card and Call-Me Card(TM) programs; the production of the HELLO!(TM) Phone Pass prepaid long distance phone cards; and the LaPuce(TM)/Quick Change(TM) Payphone Pass.

B A Custom Cards is the premier Canadian manufacturer of smart cards and has been producing the LaPuce(TM)/QuickChange(TM) Payphone Pass smart cards for the past two years.

“The addition of the endorsement from all the remaining Stentor members to that which we received from Bell Canada last month is most gratifying,” said Paul Schurman, president of B A Custom Cards. “We will be able to offer all the Stentor member companies innovative and creative solutions that will allow them to meet their various card programs needs,” he added.

Bob Clark, president of Quebecor Business Services Group said, “Expanding our relationship with Bell Canada to include all members of Stentor truly calls upon the collective capabilities of Quebecor Printing and offers a single source for a variety of cost effective options.”

Located in Mississauga, B A Custom Cards manufactures plastic cards, including financial, loyalty and stored value applications. In addition to card manufacturing, B A Custom Cards offers the most comprehensive range of card program fulfilment services.

B A Custom Cards has one of the most modern facilities of its type in North America and is the first plant in Canada with Chip Card manufacturing capabilities.

Quebecor Printing Canada is the largest commercial printer in Canada. It operates 44 printing and related media services facilities and has more than 6,000 employees located in seven Canadian provinces, three US states and in India.

Quebecor Printing Canada is a division of Quebecor Printing Inc. (NYSE:PRW; ME:IQI; TSE:IQI) which has more than 27,000 employees working in more than 115 printing and related services plants in the United States, Canada, France, the United Kingdom, Spain, Chile, Argentina, Mexico and India.

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Remote MagIC Terminals

Schlumberger Electronic Transactions announced the availability of MagIC Management System, a customer-oriented software solution for remote management of MagIC point-of-sale (POS) payment terminals. The innovative management system uses the power of remote computing to enable Value-Added Resellers (VARs), Independent Sales Organizations (ISOs) and distributors to easily and efficiently download and initialize new applications on MagIC payment terminals already installed in the field.

“The growing demand for electronic payment systems is driving rapid development of a diverse array of applications for credit, debit and smart cards,” stated Xavier Chanay, General Manager, Schlumberger Electronic Transactions’ Bank, Retail & Health division. “Schlumberger’s new MagIC Management System provides VARs, ISOs and distributors with a remote means of installing these exciting new applications on their customers’ payment terminals without the time-consuming, costly effort of sending staff into the field.”

Mirroring Schlumberger’s commitment to technology excellence, the MagIC Management System combines a Windows NT(TM) operating system, Oracle database and high-level programming languages, such as Visual C++, to provide a strong, efficient and flexible solution. Schlumberger’s MagIC Management System is user-friendly with easy-to-use menus, online help and a Microsoft-like interface, making operation much easier than complex DOS-based systems.

The MagIC Management System also provides superior security for downloading and initialization functions. Encryption and authentication keys in a smart card provide secure communication between the MagIC Management System and payment terminal, multiple passwords provide authorization to security-sensitive functions and digital signatures ensure the integrity of applications downloaded.

Worldwide distribution is planned for the first quarter of 1998.

The MagIC Management System is designed for remote management of Schlumberger’s MagIC line of POS terminals. All MagIC terminals feature advanced, flexible architecture that allows for the development of applications which can run stand alone or simultaneously with other applications. MagIC terminals are designed to meet the emerging needs for customer-activated transactions and are compatible with conventional credit and debit cards, as well as new-generation smart cards.

About Schlumberger

Schlumberger Electronic Transactions offers a flexible portfolio of smart card-based solutions for businesses and communities of all kinds. The company provides cards, terminals, development tools and support in open configurations for operators, developers, integrators and distributors worldwide. Under The Smart Village brand, the Schlumberger offer includes the milestone Cyberflex card, the industry’s first Java-based smart card.

Schlumberger is unique in that it provides both smart cards and turnkey solutions along with a full range of tools and services for Telecom, Banking, Retail, Mass Transit & Parking, Healthcare and Networks. The company has design and manufacturing facilities in Europe, North America, Asia and Latin America. Its manufacturing capacity exceeds 850 million cards annually to fulfill the needs of government and private sectors as they move toward cashless, p.pless transactions.

The Electronic Transactions group employs over 5,000 people and operates 45 facilities. Among dedicated facilities in 34 countries, the group has 9 research and development centers strategically located in Europe, Asia and North America.

Schlumberger Electronic Transactions is a business segment of Schlumberger Ltd., a $9 billion global technology and service company providing oilfield services, natural resource management, smart card transactions-based technology and associated systems, and semiconductor test equipment.

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VISA Purchasing Card Online

Enabling greater efficiencies and automation for online, business-to-business buying, Visa U.S.A. and Open Market announced yesterday a protocol that enhances the utility of the market-leading Visa Purchasing card and Transact, Open Market’s Internet commerce software.

This new module for Transact, which will be available in mid-January, captures and forwards Visa Purchasing card enhanced data in order to support sales-tax compliance, spending guidelines, and streamlined expense reconciliation. The solution creates a highly efficient transaction-processing environment for cardholders and their suppliers.

“With the resources of the Visa Purchasing card and Open Market’s Transact software, buyers and sellers can reliably connect and conduct business online,” said Ryan Ross, vice president of commercial commerce for Visa U.S.A. “The result is an environment that expands the utility of purchasing cards by increasing the number of suppliers available for corporations and government agencies who can benefit from the card’s richer data.”

“Open Market’s software with the Visa Purchasing card enables businesses to creatively market and sell products and services, while still retaining the centralized control to ensure a viable Internet commerce environment,” said Gary Eichhorn, president and CEO of Open Market. “With enhanced data capture, Transact allows suppliers to provide better information to their customers, process Internet orders from Visa Purchasing cardholders, and to participate in Visa preferred supplier programs.”

Paymentech Inc. will be the first merchant processor to process and settle transactions made with the Visa Purchasing card and Open Market’s software. Paymentech is the third largest processor of bankcard transactions and the fifth largest issuer of commercial cards in the United States.

Transact, Open Market’s Internet commerce software, provides a complete set of end-to-end services, including customer authentication and authorization, order and payment processing, automated tax and shipping calculations, order tracking and status updating, and customer service.

The market-leading Visa Purchasing card is a type of commercial card that enables companies to streamline the purchase-order process for small purchases. Today, more than 75 percent of Fortune 500 companies use purchasing cards to help monitor and contain costs.

About Open Market

Founded in 1994, Open Market, Inc., develops, markets, licenses, and supports high-performance software products that allow its customers to engage in business-to-consumer and business-to-business Internet commerce. Open Market’s innovative technology enables the separation of the management of business transactions from the management of content, thereby allowing companies to securely, centrally, and efficiently manage business transactions over the Web. The company, headquartered in Cambridge, MA, can be reached at 617-949-7000 and on the World Wide Web at .

The Folio Products Division of Open Market is the world’s leading provider of software for publishing professional information. Folio products are installed on an estimated 30 million desktops. More than 700 publishers use Folio software to create and distribute approximately 3,500 electronic titles. For more information about Folio products and services, contact Folio at 801-229-6710 or visit .

About Visa

Visa is the preferred payment brand and the largest consumer payment system worldwide. It plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions, their cardholders, and the global economy. Visa is the only consumer payment system to facilitate $1 trillion worth of purchases of goods and services in a fiscal year. Visa’s nearly 600 million cards are accepted at more than 14 million worldwide locations, including 380,000 ATMs in the Visa/PLUS Global ATM Network. Visa’s Internet address is

This news release contains certain forward-looking statements with respect to Open Market that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company’s limited operating history, delays in product development, development of the Internet market, and the risk factors detailed from time to time in the company’s periodic reports and registration statements filed with the Securities and Exchange Commission.

NOTE: Open Market, Transact, and We ARE Internet Commerce are trademarks or registered trademarks of Open Market, Inc. in the United States and other countries. All other names are used for identification purposes only and may be trademarks of their respective owners.

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GlobeSet Beefs Up

GlobeSet, Inc. has announced general availability of the GlobeSet Payment System, a suite of four applications based on the Secure Electronic Transaction 1.0 protocol. The GlobeSet Payment System is available through GlobeSet’s OEM channel partners, including Tandem Computers, Hypercom Corporation, and Sun Microsystems.

In another release today, GlobeSet announced GlobeSet Payment System support for major platforms including IBM AIX, HP-UX, Sun Solaris, Windows NT, and Digital Unix. Support for Tandem’s NonStop Kernel (NSK) platform will be available first half of 1998.

General availability of the GlobeSet Payment System represents another example of GlobeSet’s leadership role in SET technology. Developed by MasterCard, Visa, and their technology partners, including GlobeSet, SET is recognized as the emerging standard for secure payment card transactions over the Internet.

The GlobeSet Payment System includes all four applications required for SET transactions:

— GlobeSet Wallet, a cardholder application that stores a buyer’s account information and communicates with merchants via the SET protocol

— GlobeSet POS, a software point-of-sale application that connects the merchant to the buyer’s electronic wallet and to the financial payment gateways

— GlobeSet Gateway, a payment gateway application connecting the merchant to the payment processor’s legacy systems for payment authorization

— GlobeSet CA, a digital certificate application that generates and manages the digital identification certificates supporting SET-based, public-key encryption

“This has been an incredible year for GlobeSet,” said Michael Cation, chairman and CEO. “The SET market has evolved faster than anyone expected, and GlobeSet has been helping our OEM partners keep up the pace with first-to-market implementations in the U.S. and Europe. Now, with product general availability, we’re ready to move even faster with the best technology, in-depth implementation experience, and a proven OEM strategy to ensure that our partners can continue to expand their leadership in markets all over the world.”

About GlobeSet

GlobeSet provides a fully integrated suite of SET applications for secure, credit card transactions over the Internet. A member of the SET protocol design team, the company has passed SET compatibility testing sponsored by Visa and MasterCard (May, 1997). GlobeSet is a strategic SET solution provider for Tandem Computers, a Compaq Company. GlobeSet also provides SET solutions to Hypercom Corporation and Sun Microsystems. Founded in 1994, GlobeSet is a privately held corporation headquartered in Austin, Texas.

Additional information on GlobeSet is available on the World Wide Web at .

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ibill TP

Internet Billing Co., Ltd. (ibill) unveiled yesterday at Fall Internet World 97 a functionally rich, turnkey e- commerce management solution for Web sites with an existing Internet merchant account. The new online billing solution, called ibill TP (Transaction Processing), delivers transaction data and transaction management capabilities previously unavailable to Web administrators from e-commerce solutions providers, the company said.

![][1] ibill TP is being implemented through two of the company’s online billing products: Credit Card Subscription Sales TP, a real-time credit card processing service for one-time or recurring billing optimized for Web sites selling content and services; and Catalog Sales TP, a merchandise ordering/credit card payment solution for Web sites selling tangible products.

Both of these ibill TP-implemented products are targeted at transaction- intensive sites, and/or those that want to manage their own accounts. Because ibill provides a secure, packaged transaction processing infrastructure, Web- site costs normally associated with acquiring an internal proficiency in transaction technology, or developing an in-house transaction processing infrastructure, have been eliminated. The result is rapid account creation with no setup costs.

“Creating a billing module of this dimension from scratch would be prohibitively expensive for many Web sites, both in terms of cost and in time required to build the technical expertise and staff,” said Cathy Josey, ibill Vice President of Sales. “With ibill TP, we provide not only the secure processing environment, but the management tools necessary to effectively operate an e-commerce business.”

ibill CMIs — Channel To Transaction Management

ibill TP is comprised of three components: ibill secure transaction processing enabling Web sites to submit charges to the credit card authorization network, ibill’s turnkey point-of-sale interface for presenting payment options and proofs-of-purchases to Web site customers, and ibill’s exclusive Commerce Management Interfaces (CMIs) enabling Web administrators to directly manage all aspects of the transaction, including data entry, accounting, and customer service functions.

Through ibill CMIs, Web administrators have the capability to track transactions via credit card number, process refunds directly, modify payment options, and other transaction management functions. All data is available for download in various formats. Administrators have access to transaction data 24 hours a day, 7 days a week for Account Maintenance (setup/ data entry), Customer Service (end-user billing/merchandise tracking inquiries), and Sales Reporting (sales tracking and monitoring), Josey said.

No Setup Costs

Web sites can be fully operational within 48 hours, with no setup costs and no software to install. Credit Card Subscription Sales TP and Catalog Sales TP are available now. “In addition, ibill is making available Basic TP for Web sites who have their own point-of-sale software running a secure Web server, and who wish to use ibill merely as their conduit to the credit card authorization network,” Josey said.

For technical or sales information on ibill TP or other ibill online billing solutions, contact: Cathy Josey, Internet Billing Co., Ltd., 5701 Pine Island Rd., Suite 240, Fort Lauderdale, FL 33321, Telephone: 888-237-1764, or fax: 954-726-3748, e-mail, corpsales@ibill.com; or visit the company’s Web site at .

About ibill:

Internet Billing Co., Ltd. is a leading worldwide provider of secure online payment processing and services for business-to-consumer and business- to-business electronic commerce. The company’s robust transaction processing environment affords Web merchants a full menu of functionally rich, turnkey options to enable payment for goods and services purchased over the Web. In addition to its standard products and services, ibill develops customized billing solutions to meet unique online transaction processing applications.

Founded in October 1996 in Fort Lauderdale, Fla., ibill is developing Technology Partnerships with other leading e-commerce technology companies, including Fujitsu Systems Business of America, San Jose, Calif. ibill is a privately held company.

[1]: /graphic/ibill/tp.gif

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