LML and Verus Financial Management Come to Terms

VISA Canada reported that it processed more than 2 million credit card
transactions totalling approximately $232 million in sales volume on the
day after Christmas. During the busiest hour on “Boxing Day” VISA processed
267,000 transactions valued at $29.8 million. In early December, VISA
projected that Canadians will spend a total of $809 on holiday season gifts
this year versus $816 the previous year,
basically representing flat year-over-year spending. In total, Canadians
were expected to spend an estimated $18 billion on holiday season gifts
this year.

Diebold Opens a Sales and Service Operation in Lima

MasterCard Canada has inked a deal with Clear Channel Entertainment to
become the “Official Card of Clear Channel Entertainment Concerts Canada.”
In addition to on-site branding opportunities, the deal includes special
cardholder privileges for MasterCard users to purchase tickets to select
Canadian concerts in advance of the general public and receive other
special exclusive offers. MasterCard cardholders may also enjoy special,
“preceless” access to some live music concerts in Canada. Clear Channel
Entertainment Canada produces more than 250 music, comedy and special
events each year, reaching approximately one million Canadians. The firm
has produced events such as The Rolling Stones, U2, Paul McCartney and
Peter Gabriel.

GlobalPlatform Names Officers and Board

Monday, December 23 turned out to be the single busiest day for shopping
this year, according to the transaction data of Moneris Solutions. Moneris’
payment system handled 8.4 million transactions; a record
number for the organization and a 16% increase from 2001’s peak shopping
day. Last year, Friday, December 21 was the busiest day with Moneris
handling more than 7.2 million transactions. In 2000, Saturday, December 23
was the busiest day for Moneris with 6.7 million transactions moving
through the system.

V-SMART IDENTISMART

Toronto-based Bioscrypt Inc and Pennsylvania-based IDenticard have teamed
to pair IDenticard’s “IDentiSMART” family of patented contactless smart
card solutions with Bioscrypt’s “V-Smart”, an integrated MIFARE smart card
and fingerprint reader. When using “V-Smart,” the fingerprint template is
stored on the “IDentiSMART” card, so there is no remote processing and no
need to network the readers for managing the
population of biometric templates. To gain access to a secured door, the
cardholder presents the smart card and places the preregistered finger on
the reader. “V-Smart” creates a template from the live fingerprint sample
and compares it to the enrollment template stored on the smart card to
verify identity before granting access.

IDC & DATAWAVE

Pennsylvania-based Integrated Data Corp. has acquired 41% of DataWave
Systems, Inc., a Yukon Canada company. IDC paid $1.8 million to six selling
shareholders, consisting of various individuals and companies, who acquired
the shares in a distribution that same day from Cash Card Communications
Corp., Ltd, a privately held Bermuda company. IDC says it is considering
the acquisitions of further shares of DataWave in the near future. Shares
if IDC are currently trading at a mid-price of approximately $4.15 per
share on the OTCBB.

DIRECT ENERGY AIR MILES

Centrica plc’s Direct Energy unit has signed a multi-year agreement to
participate as a “Sponsor” in the Canadian “AIR MILES Reward Program”
offering households in Ontario and Manitoba the opportunity to earn reward
miles for their natural gas usage. The “AIR MILES” program was created and
is operated by The Loyalty Group, an Alliance Data Systems subsidiary. More
than 12.5 million Canadians actively collect “AIR MILES” at more than 100
brand-name sponsors representing over 12,000 retail and service locations
across Canada.

CTFS RENEWS TSYS

Canadian Tire Financial Services has signed a seven-year renewal agreement
with processor TSYS. Under terms of the contract, TSYS will process
Canadian Tire’s retail, MasterCard and gift card portfolios. Canadian
Tire has worked with TSYS since 1998, when Canadian Tire Financial Services
converted its private-label and MasterCard accounts from an in-house system
to the “TS2” processing system by TSYS. Canadian Tire has more than 1,000
stores and gas bars across the country. More than half of Canadians shop at
Canadian Tire on a monthly basis, and nearly 80% have been in a Canadian
Tire store in the past six months. TSYS has processed card accounts in
Canada since 1989 and is currently capturing 33% of the Canadian market.

RDM & NPC

Ontario-based RDM Corporation has inked an agreement with National
Processing Company. NPC has selected the “RDM EC5000i” series imager to
provide imaging solutions to its retailers across
the USA. RDM provides hardware, software and service solutions for
electronic check conversion, bill payment processing and other markets
where imaging is a critical business. NPC processes more than 4.0 billion
transactions annually and provides services to over 645,000 merchant
locations in the USA, making the company the second largest processor in
the world.

SAVING GRACE AWARD

Montreal Canadiens goaltender Jose Theodore was officially
presented with the “2001-02 MBNA/MasterCard Roger Crozier Saving Grace Award.”
As part of the award, MBNA/MasterCard is donating US$12,500 each to the
Saku Koivu Foundation and Centraide Montreal in Theodore’s name. The
charities were selected by Theodore. Theodore finished the 2001-02 regular
season with a .931 save percentage (1972 shots, 1836 saves) in 67 games.
The promotional award is presented to the goaltender with the NHL’s best
save percentage during the regular season. The award is named for Roger
Crozier, one of the League’s top goaltenders throughout his career. Crozier
joined MBNA America Bank in 1983 as director of facility management, and
passed away in January 1996. MBNA and MasterCard sponsor this award
annually in Crozier’s name.

TNS SMART NETWORK

Toronto-based TNS Smart Network has successfully certified
“Triple-DES” on most major ATM platforms, including NCR’s “APTRA Advance
NDC” as well as ATMs by Triton, Diebold, Tranax and others. TNS completed
development of “Triple-DES” support for all compliant ATMs in early
November, and followed with rigorous testing to ensure that ATM performance
and reliability were not impacted in any way by the additional level of PIN
encryption. Many networks and associations have mandated that all ATM
processors and deployers implement “Triple-DES” at various processing
levels between 2003 and 2005, a target that many consider unreachable.

TRANSAKT TERMINAL

Calgary-based Wildcard Wireless Solutions has reached agreements
with CardReady International for the sales, support and marketing of its
flagship “TransAKT CDMA” wireless POS terminal in the USA.
CardReady, a U.S. merchant service provider that is sponsored by Key Bank,
will accept and process credit card transactions generated by end users of
“TransAKT” terminals and will also provide front line customer support. In
order to facilitate manufacturing of an initial inventory of “TransAKT”
wireless terminals required for CardReady’s U.S. sales, CardReady has
arranged a US$350,000 financing for Wildcard by way of an inventory secured
loan. In exchange for providing sales, support, and marketing in the USA
for the terminals, CardReady and Wildcard have signed a MOU wherein
CardReady has been granted the exclusive distribution rights within the USA
for the “TransAKT CDMA” wireless terminal and has been designated the
“Merchant Service Provider of Choice.”