Thank you for the comments we've received over the past year. Starting this month we are shifting our focus to stories that will impact on the Canadian market. Many of our stories will now carry editorial notes from our Executive Editor, Catherine Johnston, President & CEO of ACT Canada.

In the coming months, we will add frequently asked questions & answers related to privacy as our new Privacy workgroup is launched. Business case tips will also be added as the Business Case workgroup gets underway. Both of these new workgroups are open to ACT Canada members.

Canada has emerged as a testing ground and the gateway to the North American advanced card marketplace. While we have many similarities to the Australian and United Kingdom financial and government sectors we are also acutely aware of differences to the US banking environment.

We thank you for your support & look forward to your comments.

IN THIS ISSUE:
1. Market Update From ACT Canada
2. US Dept. of State Orders Multi-Biometric ID Cards
3. Aviation Security to Receive Big Boost in R&D Funding
4. Stockholm 1st to Use E-Signatures
5. Websmart Enters Benefits Program Agreement With National Car Rental
6. CIBC & Amex Launch Canada's 1st National Smart Credit Card
7. Ontario Cuts `Smart Card' System After Spending Millions
8. Kingston BIA & Scotiabank Introduce Smart Loyalty Program
9. SCTN & CEO Announce Cross Licensing Product Partnership
10. ACT Canada Launches 2002 Membership Drive & Everyone Wins!


1. THE TIPPING POINT - A MARKET UPDATE FROM ACT CANADA
Source: Catherine Johnston (01/22)

In Malcolm Gladwell's brilliant and groundbreaking book, "The Tipping Point, the New Yorker writer looks at why major changes in our society so often happen suddenly and unexpectedly. Ideas, behavior, messages, and products, he argues, often spread like outbreaks of infectious disease. Just as a single sick person can start an epidemic of the flu, so too can a few fare-beaters and graffiti artists fuel a subway crime wave, or a satisfied customer fill the empty tables of a new restaurant. These are social epidemics, and the moment when they take off, when they reach their critical mass, is the Tipping Point. (Source: The Tipping Point)

When we look back several years from now, January 2002 will be seen, not as the point where smart cards reached critical mass, but where societal changes tipped North Americans to seeking out this technology as the solution for many different security and privacy problems.

On January 9th, 3 seemingly separate items appeared in the Canadian news; CIBC and American Express announced their new Entourage credit card line, a man was found guilty of identity theft in Quebec and The Computer Science & Telecommunications Board reported the need for much better corporate data security. What is common to all three is a growing awareness that things we deem to have value are vulnerable and that smart and other advanced card technologies provide security. Add to that Microsoft's stated shift to security and privacy over yet more functionality and the imminent release of the ICAO standards for travel documents, and you can start to plot the timeline to the tipping point.

The CIBC entourage American Express Card will be Canada's first smart chip credit cards available nationally which provides for greater security for online shopping. Initially, the smart card technology will be used to enhance the security of purchases, particularly for shopping on the Internet. Additional functions can be added over time, such as applications for managing loyalty programs or conducting electronic banking activities.

There is value in reaching all those in the market who want more security before they will shop online.

The Computer Science and Telecommunications Board (part of the US-based National Research Council) warn of the growing threat to corporate bottom lines from viruses and other cyber attacks. They estimate US corporations spent $20 billion (Cdn) to clean up damage last year and predict that 2002 could be worse. They point to smart cards used with a pin or a biometric as providing much better security.

Corporate and government data has value and there is significant cost when it is attacked.

A Quebec court sentenced a man to 4 years for theft of identity. He scammed $300,000+ using 22 stolen identities. The judge said he would have doubled his sentence except the man had fully co-operated with police after his arrest. The court's recognition that identities have value sends a signal to governments that they must provide more counterfeit resistant forms of ID. This would include birth certificates, driver's licenses, health cards, passports & all other government issued forms of identification.

This is significant as it indicates that the Canadian judicial system recognizes that an identity has value and therefore, should be protected.

ICAO, the International Civil Aviation Organization is releasing new standards for travel documents. They provide support for credit card sized plastic cards that would support an issuing country's choice of smart, optical, bar code and hybrid technologies.

These standards could form the basis for governments and other major issuers that want to allow flexibility of choice when advanced card technologies are employed, but at the same time, promote speed to market.

The US Government is already issuing cards. We're committed to it; we're big fans of smart cards," says David M. Wennergren, the U.S. Dept. of the Navy's deputy chief information officer for e-business and security, and chair of the Department of Defense smart card senior coordinating group. The Defense Dept. is leading the U.S. government's smart card charge, with 70,000 chip cards already issued. The agency plans to distribute cards over the next 18 months to 4.3 million military and civilian personnel and outside contractors. (Source: CardTechnology December 2001)

This shows the move to providing identification on a platform that is counterfeit resistant and capable of securing the data on the chip. It provides a strong model for other issuers.

January 2002: mark this date, because there is no going back.
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2. DREXLER GETS $10.4 MILLION ORDER FOR MULTI-BIOMETRIC ID CARDS
Source: BUSINESS WIRE (01/23)

Drexler Technology Corp. received a record-setting $10.4 million order for its LaserCard multi-biometric ID cards, under a U.S. government subcontract through Information Spectrum, Inc.

This is part of an $81 million government procurement program for optical memory cards used for U.S. Immigration and Naturalization Service (INS) "Green Cards" and U.S. Department of State (DOS) "Laser Visas." Under the five-year U.S. government subcontract, awarded to the Company in June 2000 for up to 24 million LaserCard(R) optical memory cards, approximately 9,020,000 cards have been ordered thus far, including this order.

U.S. Dept. of State "Laser Visa" cards are used by frequent visitors from Mexico for crossing the border into the states of Arizona, California, New Mexico, & Texas. Currently Mexico is the only country designated by the DOS to utilize the "Laser Visas."

LaserCard is a member of ACT Canada. For more information, please visit their web site at www.lasercard.com.

Executive Editor's Note: Laser (optical) cards are one of the advanced card technologies supported by the new ICAO standards for travel documents. They are capable of carrying 4+ Mbytes on a standard card. Drexler has received its 3RD US patent for inventions pertaining to hybrid smart cards and related optical data storage methods for achieving counterfeit-resistant cards for secure on-line transfer of data or cash.
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3. AVIATION SECURITY TO RECEIVE BIG BOOST IN RESEARCH FUNDING
Source: Air Safety Week/PBI Media via COMTEX (01/21)

A substantial increase in R&D funding is in the offing for aviation security, but the program outlined last week was criticized for ignoring simple solutions and for sidestepping some of the major potential threats.

From now through 2006, some $50 million per year will be devoted to furthering a number of R&D projects to tighten aviation security. The program was "shaped," as it were, by more than 1,300 suggestions that were submitted in response to a Federal Aviation Administration (FAA) request following the Sept. 11, 2001, terrorist attacks to the general public for ideas. They have been considered and distilled into a program that addresses a broad range of security issues. According to the FAA's Steve Zaidman, "By Feb. 17 the department has to start awarding security R&D grants" per the mandate in the Aviation & Transportation Security Act of 2001. Another $20 million provided for security R&D by the Dept. of Defense will augment the $50 million per annum funded through the Dept. of Transportation. The combined $70 million sum dwarfs the money devoted to R&D of aircraft wiring more than tenfold.

John Klinkenberg, chairman of the gov't-industry aviation security R&D advisory committee, presented the broad outlines of the committee's findings, one of which being:

* A pilot program is needed featuring "smart credentials" to identify what might be called "trusted passengers." These individuals (e.g. frequent flyers) would be subjected to security checks but would by allowed to bypass more intensive security protocols. As Klinkenberg explained, a background check would be used to establish trust that the individual does not pose a threat, and biometric data would be used to establish identification. "This must be a voluntary program," Klinkenberg cautioned. Be that as it may, the "smart ID" would interface with the Computer Assisted Passenger Prescreening System (CAPPS) that, Klinkenberg added, will be "taken to the next level."

The notion of "smart ID" generated considerable discussion. Committee member John Kern had in mind some sort of a fast track, or an express lane, for trusted people and, indeed, for trusted cargo. Paul Busick, associate FAA administrator for aviation security, raised the issue of the public's acceptance of "smart ID." He held up his plastic embossed FAA pass, and pointed out that it featured a photograph of the wearer and a magnetic strip with additional identifying information. However, the identity pass did not include biometric information (e.g., fingerprint, retinal picture, etc.). He described this standard U.S. gov't pass card as one being used in a "closed system," that is by government civilian and military agencies. Gaining public acceptance in a civilian "open system" may be another matter entirely, Busick intimated.

Paul Hudson of the Aviation Consumer Action Project (ACAP) suggested in no uncertain terms that the use of "smart cards" to identify trusted passengers could lead to a false sense of security. "The use of smart cards issued to millions of passengers could reduce security. We urge a universal in-depth screening system," he said.

"Several of the Team Reports and comments favor the use of ID cards with biologic identification information encoded in them ('smart cards'). The basic problem is they are only as good as the methods used to initially establish ID and there is no real-time capability to check names against databases such as terrorist watch lists.

"Accordingly, smart cards must not be issued to passengers ... because smart terrorists will be able to obtain them and use them to bypass most or all security [emphasis in original]. We know that the U.S. is faced with smart terrorists who often have good ID, that terrorists and many criminals are adept at identity theft (the most notorious terrorist in U.S. custody is suspected of having stolen the identity of a British resident), document forgery, and the creation of fictitious identities.

"The Sept. 11 hijackers are reported to have had generally clean criminal history records ... Some had U.S. driver's licenses, Social Security Cards, pilot licenses, frequent flyer cards and bankcards. The reputed leader also had a graduate degree in city planning ...

"Other master terrorists have often had engineering backgrounds, some like the Pan Am 103 terrorists were foreign airline security personnel [Libyans], others like the Air India bombers were respected businessmen (Sikhs who were long-time residents of Vancouver, Canada), or decorated ex-U.S. military personnel (e.g., Timothy McVeigh). Barring some legally questionable profiling and discrimination based on national origin, religion, age, sex, educational background, etc., the typical smart aviation terrorist of today would qualify for and probably obtain a smart ID card to avoid airport security checks ... the risk of giving smart terrorists little or no security checks is far too great."

Executive Editor's note: there are two issues; trusted registration and counterfeit and tamper resistant identification cards. We cannot break the cycle of people stealing identities and forging IDs until we stop issuing ID cards based on non-secured technology. Real time databases may not exist but there is ample technology to support them. Security for these databases, as well as policies and procedures to maintain security after cards are issued would be a part of any sound security plan. To suggest we not move to more secure platforms for ID because it may lull us into a false sense of security is not in our best interest.

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4. SIGN ON: CITY OF STOCKHOLM FIRST TO USE E-SIGNATURES
Source: PRIMEZONE via COMTEX (01/21)

The City of Stockholm has purchased FormPipe from Sign On. The city will offer companies and local residents the opportunity of fully electronic communication using signatures.

"We have found a good solution which not only gives our local residents the opportunity to sign and send in forms and documents but also to receive direct confirmation that this has taken place," says Stefan Svensson, City of Stockholm.

Anyone wanting to sign and send something to the City of Stockholm will be able to complete and send in applications and registrations to the City via the Internet using a process that is simple and intuitive. Local residents will need to use an electronic ID document, e.g. a smart card.

Since 1 January 2001 Swedish and European legislation has provided that electronic signatures shall be given the same status as conventional signatures in pen.

"We at Sign On already have 40 or so Swedish towns and cities using our Form Archive Service, which allows local residents to download, complete and print out forms. We are in discussion with several of these as well as several towns and cities outside Sweden concerning the possibility of using FormPipe," finishes Halvarsson.

Swedish Cabinet Minister Leijon stated, "all information and services which can be supplied electronically, while maintaining or improving cost effectiveness, should be supplied in this way". Sign On and the City of Stockholm are the first to use a broad electronic-communication solution to serve the public - a first step towards a 24-hour authority!

Executive Editor's note: Canadian provincial governments and municipalities should study this program for suitability to our needs.
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5. WEBSMART ENTERS AN AFFINITY & ASSOCIATION BENEFITS PROGRAM - AGREEMENT WITH NATIONAL CAR RENTAL (CANADA)
Source: Market News Publishing via COMTEX (01/18)

WebSmart announced it has entered into an Affinity and Association Benefits Program Agreement with National Car Rental (Canada) Inc., based on their integrated acoustic smart card solutions, value added benefit programs and authentication services "WebPass".

WebSmart will incorporate the National Car Rental Global Discount Program into the WebPass and Secured Sound smart card distribution, effective immediately. Value added benefits offered to WebPass card holders include - leisure and National Business Rates less an additional, up to 25% discount on all car rentals - including Canada, United States and abroad.

With the use of the WebPass acoustic signature smart card, cardholders can make direct, secure and authenticated National Car Rental reservations, either by telephone and/or via the Internet, based on technology offered by the Company.

The Program would further incorporate a direct access "Just Click" via (IVR/Internet) for "at source digital discount coupon" services, provided by current and future strategic partners and/or merchants and subsequent transaction certification and fulfillment will be carried out securely online/real-time, certified by the WebPass Vocal/Authentication Server.

WebPass is an acoustic signature technology based smart card and is the foundation for the loyalty/affinity card programs and associated "value-added and bundled" sales and marketing promotional package offerings by the Company.

Websmart is a member of ACT Canada. For more information on the technology and/or companies mentioned above please refer their web sites: www.websmart.com and www.nationalcar.com.
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6. CIBC & AMEX LAUNCH CANADA'S 1ST NATIONAL SMART CREDIT CARD
Source: CardTechnology (01/09)

Canadian Imperial Bank of Commerce (CIBC) will launch Canada's first chip-based credit card in partnership with American Express Co., the two firms announced. The CIBC/AmEx smart card will come with a 32-kilobyte chip and a magnetic stripe.

CIBC will offer a smart card reader for CDN$50 that can be attached to a PC via the USB port. Initially the chip can be used for purchases at online merchants. Eventually cardholders may be able to conduct online banking and earn loyalty rewards, "when consumers say they want it and it is economical," says Christine Croucher, CIBC EVP, card products.

The smart card is part of a line of CIBC/AmEx cards called entourage that includes two other cards that only carry magnetic stripes. AmEx is also rolling out an online security system called LockIT to guard against fraud on the smart card. An AmEx spokesperson says over 1,000 Canadian Internet merchants have signed on to LockIT.

The deal with CIBC is a coup for American Express, which only has issued 2.25 million cards in Canada. CIBC is Canada's largest Visa issuer, with 3.9 million cardholders. A Visa Canada spokesperson says Visa wasn't disappointed by the announcement, but adds, "Anytime a customer goes to an alternative, you wish you got that order."

American Express Canada is a member of ACT Canada. For more information please visit their web sites at http://www.cibc.com and http://www.americanexpress.com.
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7. ONTARIO CUTS `SMART CARD' SYSTEM AFTER SPENDING MILLIONS
Source: Toronto Star (02/01/22)

The Harris government has quietly shelved plans for a provincial ``smart card'' system after spending more than 20 months and at least $12.5 million on the controversial initiative, the Toronto Star reported Tuesday.

The system, first touted in the throne speech of October 1999, could eventually have placed health, birth, driver's license and other personal information on a single high-tech ID card for all Ontario residents.

Called the Smart Card Project, the goal was to improve access to public services and reduce fraud. But privacy advocates, including Canada's federal privacy watchdog, warned that the cards threatened to erode personal freedoms by giving ``Big Brother'' another tool for electronic surveillance.

A Management Board spokeswoman said the project, hailed by some as one of the world's most sophisticated smart-card initiatives, has been shelved primarily for financial reasons. `It's financially untenable at this time,'' said Julie Rosenberg, adding it was a ``tough decision'' to pull the plug. ``The government decided to wind down the smart card project and to move forward with card technology only when it is fiscally viable to do so.''

Management Board spent $12.5 million for research and consulting services necessary to plan and design the card and the initial registration process.

The Health Ministry will use the research to help ``speed up the engineering of the current health card system,'' she said. The Ministry of Consumer and Business Services will inherit whatever is left over.

Executive Editor's note: ACT Canada questions what costs were included in the government's business case. Throughout the research stage, the government frequently said it had not determined which applications would be put on the card or at what stage. This would make it difficult to establish fiscal viability. One would also question the extent of fraud in our social programs based on the proven ease of counterfeiting the current cards. While infrastructure tends to be a one-time cost, which can be phased in over several years, fraud costs recur every year.

As for privacy, the same arguments apply as in my earlier note about security. We must take proper steps to provide both privacy and security and not bow to those who would deny us the benefits of technology.
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8. KINGSTON BIA & SCOTIABANK INTRODUCE A NEW LOYALTY SMART CARD PROGRAM
Source: Canada NewsWire via COMTEX (01/12/10)

The Downtown Kingston! Business Improvement Association and Scotiabank announced the launch of a new smart card loyalty rewards program with local merchants. With their "Downtown Kingston! Loyalty Card", customers can now collect points when making purchases at participating businesses and then redeem their points for discounts on future purchases - on one card.

All information regarding the customer's loyalty point status is stored directly on their card. By inserting their "Downtown Kingston! Loyalty Card" into the smart card terminal, the computer chip on the card is read and adjusted as points are accumulated or redeemed.

"We are pleased to be a part of this innovative program in downtown Kingston," says Albert Wahbe, CEO of e-Scotia and Scotiabank's EVP of Electronic Banking. "At Scotiabank, we are committed to developing the latest technologies to offer Canadians greater choice and convenience when banking and shopping."

Scotiabank is a member of ACT Canada. For more information, please visit their web site at http://www.scotiabank.com.
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9. SCTN & CEO ANNOUNCE CROSS LICENSING PRODUCT PARTNERSHIP
Smart Chip Technologies and Consumer Economic Opportunities Inc. (CEO) announced a new partnership that allows for cross product licensing and joint revenue sharing opportunities with respect to each others' products. This partnership will enable both companies to deliver one of the most unique and valuable smart card products available on the market today - CREDITZ™.

The CREDITZ system will be integrated with SCTN's smart card based loyalty system "e-llegianceT" and "LoyaltyCentralT." CEO will enhance the CREDITZ system by adding e-llegianceT and LoyaltyCentralT to its mix of product benefits. CEO will also provide SCTN's clients with customer lifetime management capabilities and consumer privacy solutions, which abide by USA, Canadian and EC privacy laws.

The CREDITZ system is currently being deployed with both national and regional merchants in Canada throughout 2002. CEO had initially projected installing the system for 2,400 merchants within 24 months. The company now projects that it will exceed their original forecast by 10-fold.

Smart Chip Technologies is a member of ACT Canada. For more information about either company, please visit their web site at http://www.sctn.com and http://www.creditz.com.
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10. ACT CANADA LAUNCHES 2002 MEMBERSHIP DRIVE & EVERYONE WINS!

ACT Canada has reclassified membership levels to Principal General (formerly Platinum) and General (formerly Gold) members, Government & Associate.

To introduce the new benefits, the Board of ACT Canada unveils the "Smart Talk" contest. You can win from $100 to $1000 for referring new members. All you have to do is talk about us!

Tell us who could benefit from ACT Canada membership. Send us an email; we only need a company name and contact information (including name/phone number/title & email address of a contact. Tell us why you think they should be members. We will follow up with them and if they join you will get $100.

BONUS: Your name will entered into a draw for $1000. Every 10 new member, we will draw for the thousand-dollar prize.

Best of all, YOU win the prizes, not your company. New members win from the benefits of membership. We all win by having a strong association to promote advanced card technologies.

In the case of multiple submissions for the same potential member, the prize is awarded to the first submission. Please address all emails to info(AT)actcda.com with a subject line of Membership Contest.

For a copy of our value proposition & membership benefits, please visit our web site or email info(AT)actcda.com.
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ACT Canada would like to thank our new & renewing members:
PLATINUM
MasterCard (upgrade)

GOLD
American Express
CUETS
LaserCard
MIST
Ministry of Consumer & Commercial Relations
Pace Integration

SILVER
Xebec

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Andrea McMullen
ACT Canada
tel: 905 426-6360 ext. 24
fax: 905 619-3275
email: andrea(AT)actcda.com
web: www.actcda.com
mail: 85 Mullen Drive, Ajax, ON, L1T 2B3