new ergites coming in--specific reason PWI was purchased banking finance -- ERG smartcard stuff2

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Subject: new ergites coming in--specific reason PWI was purchased banking finance

Author:
michaelirish-which gets you fown the track 27%weighted--LOL

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Date Posted: 04:52:11 02/09/03 Sun
In reply to: then all of a sudden you end up a dogs dinner on it--BK. 's message, "WW ERG is such a complex thing for you can start off just wishing to get some basic ideas down" on 04:16:39 02/09/03 Sun

Name: michaelirish
Location: Sydney, nsw Australia
Date: Sunday, February 9, 2003 at 2:29:00 PM
Subject: ERG transitioning..
Comments:
We should be getting close to ERG news soon. In the meantime my research tells me that ERG/PROTON business model is changing from one based on AFC to one of application development , business consulting and project management.

The two demographics that ERG is targeting is (1) transit (2) Bank Cards (debit/credit).
Increasingly the two will be interwoven. This will bring enormous synergies.
I read somewhere that in a typical bank situation the following fees could be realized
1. License fee for the scard ($1 per customer
2. Annual maintenance fee �20% of the license fee
3. Implementation fees ??
The more I read about this scard business two things strike me:
1. How secure they are,
2. How much this security is sought after.
The US is spending some $200B. Surprisingly the US seems not to advanced in this area. Europe is well ahead and PWI is a significant player in Europe. I feel that we are in for a fascinating year in 2003..

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Replies:

Subject	Author	Date
The two demographics that ERG is targeting is (1)transit (2) Bank Cards (debit/credit).	Increasingly wo beinterwoven. willbring enormoussynergies.	04:56:20 02/09/03 Sun
Re: License fee for the scard ($1 per customerImplementation fees? -- Annual maintenance fee �20% of the license fee, 04:58:28 02/09/03 Sun Re:How secure they are,--security all impoprtant right now -- How much this security is sought after., 05:00:47 02/09/03 Sun