CCC ATMs

CIBC’s Amicus Financial has been awarded the opportunity to solicit all of PA-based Credit Card Center’s former merchant ATM customers in the USA. CCC has nearly 15,000 ATM terminals under management. In August a federal bankruptcy court judge in Philadelphia awarded XtraCash ATM, the ATM operating arm of Amicus Financial, the exclusive rights to petition all of CCC’s former merchant customers with an incentive program in an effort to convert nearly 15,000 already-installed ATMs. Last week Tidel and NCR received court approval to jointly acquire the entire inventory of ATMs owned by CCC for $8 million. The inventory consists of more than 4,000 ATMs, together with related parts and supplies, originally manufactured by Tidel, NCR and several other companies. (CF Library 9/27/01)

Ruling Response

While VISA and MasterCard expressed relief that yesterday’s ruling did not dismantle their dual governance structure, American Express immediately declared a major victory in regard to the lifting of the exclusionary rules. AmEx says the ruling illustrates how VISA and MasterCard “have broken the law over a long period of time” and “is consistent with similar decisions from competition authorities around the world.” AmEx says it will promptly resume conversations with a number of banks about possible card-issuing ventures. There is a consensus among analysts that Tuesday’s decision could improve the prospects of a merger between AmEx and a major bank. MasterCard indicated last night it is strongly considering an appeal of the ruling against its ‘Competitive Programs Policy. Reportedly, attorneys for the plaintiffs in the Wal-Mart debit card antitrust lawsuit, also claimed victory in yesterday’s ruling saying it will bolster their claims that VISA and MasterCard used its market power to dominate the market for debit cards.

Chargeoffs Dip

Bank credit card charge-off rates dropped 10 bps to 6.5% in August among credit card-backed securities. However the charge-off level is 140 bps higher than where it was a year ago, but down from the 6.9% peak figure posted in May according to Standard & Poor’s ‘Credit Card Quality Indexes’. Charge-offs tend to decline for many issuers in July and August due to seasonal patterns. This year, losses stayed flat during the summer rather than increasing. Nevertheless there are growing concerns over credit quality and the overall health of the economy following the terrorist attacks on Sept. 11. Sub-prime portfolios are expected to be the most impacted.

STANDARD & POOR’S CREDIT CARD QUALITY INDEXES
Performance month Aug 99 Aug 00 Jun 01 Jul 01 Aug 01
Yield (%) 19.8 19.9 19.3 20.0 20.0
Charge-offs (%) 5.7 5.1 6.5 6.6 6.5
Weighted base rate (%) 7.4 8.5 6.2 6.2 6.1
Excess spread (%) 6.7 6.3 6.7 7.1 7.5
Delinquencies (%) 4.6 4.2 4.9 5.0 5.1
Payment rate (%) 17.1 16.9 15.9 16.3 16.7

Cardtronics & Circle K

Cardtronics, a leading national provider of Automated Teller Machine products and services, has entered into a long-term agreement with SSP/Circle K to install and service 335 new ATM machines in Circle K convenience stores in Texas and Oklahoma. Under the terms of the agreement, SSP will purchase new Tidel IS 2000 ATM machines through Cardtronics, which will install the units and provide processing services.

Cardtronics, the nation’s largest distributor of Tidel ATMs, currently operates a network of more than 6,500 ATMs from coast to coast, handling approximately 91,000 transactions per day.

“We are delighted that SSP has chosen Cardtronics to serve their ATM needs,” said Ralph Clinard, President and CEO of Cardtronics. “This partnership builds on our success in attracting large, multi-location corporate customers who are beginning to recognize Cardtronics as an industry leader with real expertise in the ATM business.

Brian Archer, Executive Vice President of Cardtronics, added, “After 12 years in business, building our network one machine at a time, we have acquired the experience and knowledge to offer superior products and services to corporate customers. We have worked very hard at becoming one of the largest and most respected ATM networks in the nation, with an excellent track record of satisfying customers.”

“SSP is very excited about taking ownership of its ATM program through our partnership with Cardtronics,” said Lloyd Nobles, SSP’s Category Manager for electronics services. “This move will allow SSP to maximize our profitability and improve the quality of the financial services we provide to our customers.”

About Cardtronics

Founded in 1989, Cardtronics is a leading national provider of fully integrated Automated Teller Machine (ATM) products and services, headquartered in Houston, Texas with sales and service representatives in every major U.S. market. With a network of over 6,500 machines and growing, Cardtronics is one of the largest and fastest-growing independent ATM deployers in the U.S. For more information about Cardtronics, visit .

About SSP

SSP Partners is a Corpus Christi, Texas based company, which directly operates 335 retail convenience stores in Texas and Oklahoma and over 300 branded dealer units through its wholesale fuel division. SSP is a licensee of the TMC Franchise Corporation and operates under the Circle K brand. Founded in 1938 by the Susser family, SSP has experienced dynamic growth and now is one of the Top 50 convenience store chains in the United States.

NACHA Signs Natl City

NACHA – The Electronic Payments Association has signed its fifth new financial institution member of the year with the addition of National City Corporation, headquartered in Cleveland, Ohio, whose membership becomes effective January 1, 2002.

“NACHA has increased direct financial institution membership by more than sixty percent,” said Janet C. Boyst, Chair of NACHA’s Board of Directors and Senior Vice President and Group Executive at Wachovia Bank. “The growth in NACHA’s membership reflects the need among financial institutions to influence the development of new electronic payment applications, as well as NACHA’s ability to meet that need.”

“National City has long been associated with NACHA, and we are excited about becoming a direct member,” said Mary Ann Francis, Senior Vice President of National City Corporation. “We feel it’s key to be involved directly with the future of the payments system, and NACHA has always played a leadership role. We look forward to working with NACHA and the other leading financial institutions on payment system initiatives.”

Membership in NACHA provides important benefits to financial institutions:

* Influence and Control — Financial institution members cast votes directly on the ACH Operating Rules and other electronic payment standards and rules governing the banking industry nationwide. Financial institution members are eligible to serve on NACHA’s Board of Directors.

* Innovation and Opportunity — NACHA is at the forefront of developing new electronic payment services and products, as well as risk management and quality control initiatives that have a direct impact on a financial institution’s service offerings and bottom line. Membership in NACHA opens doors to other decision-makers at financial institutions, corporations, service providers, government agencies and other e-commerce-related organizations.

* Visibility in a Thriving Industry — Financial institution members of NACHA are an elite group in a dynamic industry. Annual ACH volume has increased by 580 percent over the past 10 years, and ACH payments are the fastest growing source of revenues among all corporate payment services. More than 3.5 million companies in the United States use ACH services today.

Direct membership in NACHA for financial institutions became available this year after NACHA completed a reorganization in 2000. The reorganization was undertaken to streamline the governance of the association, establish new voting rights for financial institutions on the operating rules for the ACH Network, and establish direct membership in NACHA for financial institutions.

NACHA now has 34 direct members consisting of 21 payments associations and 13 financial institutions. The other financial institution members are American Express Centurion Bank, Bank of America, Bank One, BB&T Corporation, Capital One, Citibank, First Union, FleetBoston Financial, J.P. Morgan Chase, Mellon, Wachovia, and Wells Fargo. NACHA’s financial institution members originated more than 59 percent of commercial ACH Network transactions during 2000. Nine of the 12 largest originators of ACH payments, according to the NACHA Top 50 list, are direct members of NACHA, and 11 of the 20 largest bank holding companies, including the top six, are direct members.

About NACHA – The Electronic Payments Association

NACHA is the leading organization in developing electronic solutions to improve the payments system. NACHA represents more than 12,000 financial institutions through direct memberships and a network of regional payments associations, and 650 organizations through its industry councils. NACHA develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), financial electronic data interchange (EDI), international payments, electronic checks, and electronic benefits transfer (EBT). Visit NACHA on the Internet at [http://www.nacha.org][1].

About National City

National City Corporation is a $94 billion financial holding company headquartered in Cleveland, Ohio. Through its subsidiaries, the company provides a full range of financial services including investment banking and traditional banking services to individuals and businesses, commercial and retail banking, consumer finance, asset management, mortgage financing and servicing, and item processing. National City has offices in Ohio, Pennsylvania, Indiana, Kentucky, Illinois, and Michigan. National City can be found on the World Wide Web at [http://www.nationalcity.com][2].

[1]: http://www.nacha.org/
[2]: http://www.nationalcity.com/

Discover Gift Card

Discover Financial Services and Stored Value Systems have launched a program to enable merchants to offer gift cards branded with their logo to their customers and can be used wherever ‘Discover Card’ is accepted. Discover Business Services plans to begin marketing the program this month with a particular focus on large and mid-sized merchant accounts. Gift cards issued for use on the Discover Business Services network will also be rechargeable.

Wachovia on EPN

The Electronic Payments Network announced Tuesday that Wachovia Corporation has switched its ACH volume from the Federal Reserve Bank to EPN’s private sector ACH network for consumer and commercial payments. Wachovia made the switch Friday, October 5, 2001, and now originates and receives all of its ACH work using EPN’s nationwide network. Moving their ACH volume allows Wachovia to take advantage of high-value innovations exclusively available on EPN.

“We have been steadily improving EPN’s functionality for several years, and Wachovia and other recent conversions such as BB&T, First Union, and Mellon are taking advantage of these unique capabilities,” said George Thomas, president of EPN.

EPN is the market leader in private sector ACH and is a part of the New York Clearing House family of financial services.

“To stay competitive, banks have to add valuable new services — especially for commercial customers,” said Janet Boyst, Wachovia group executive. “Switching our ACH volume makes good business sense because we get market leading innovation.”

“EPN offers the only proven, fast and painless migration path to essential Internet functionality that is critical to banks anxious to take full advantage of e-commerce,” said Thomas. “Every day, more and more bank customers are asking for new capabilities like end-to-end straight through processing, and the proven capabilities of EPN is the best way to get there.”

Additional banks expected to transition to EPN over the next year include: Bank of America, Banc One, Comerica Inc., Key Bank, PNC Bank, U.S. Bancorp and Wells Fargo Services Company.

Wachovia Corporation, created through the Sept. 1, 2001, merger of First Union and Wachovia with pro forma assets of $322 billion as of June 30, is a leading provider of financial services to 19 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 47 states and global services through more than 30 international offices.

Electronic Payments Network is a nationwide ACH (automated clearing house) network for domestic consumer and commercial payments. EPN’s processing membership consists of 230 commercial banks, 106 savings banks, 496 credit unions, and 53 savings and loan associations. Annually, EPN processes an average of more than $2.3 trillion dollars from commercial banks, savings banks, savings and loan associations, and credit unions. The Electronic Payments Network is part of the New York Clearing House’s family of payment systems. For more information, search [http://www.epaynetwork.com][1] or contact Chip Savidge (NYCH) at 201-319-5478, or at [email protected]

The Clearing House is the nation’s oldest and most innovative bank association and payments processor. Established in 1853 to simplify the exchange of checks and improve the efficiency of the payments system, the Clearing House is still a world leader in the payments business. It operates the Electronic Payments Network (EPN), CHIPS (Clearing House Interbank Payments System), and runs a well-respected association that serves as a forum for its members to promote common interests in the financial services industry. For more information search [http://www.nych.org][2] or contact Chip Savidge (NYCH) at 201-319-5478, or at [email protected] .

[1]: http://www.epaynetwork.com/
[2]: http://www.nych.org/

Arcot VAP

Arcot Systems, Inc., a leading provider of solutions for securing e-business, today announced the availability of Arcot TransFort Merchant Solutions for the Visa Payer Authentication service.

Arcot TransFort has been recognized as fully compliant with the 3-D Secure interoperability standard by the Visa Interoperability Lab. Visa Payer Authentication is the basis for Verified by Visa, an Internet payment authentication process designed to increase consumer and merchant confidence in e-commerce by reducing fraudulent Internet transactions. The Arcot TransFort solution supports Visa Payer Authentication and provides merchants with the ability to initiate the authentication of an online Visa transaction, resulting in lower transaction costs and offering protection from fraud losses. TransFort has been adopted by over 30 merchants around the world including leading online retailers such as Ashford.com, CompUSA and McAfee.com. For more information on our merchant solution go to [www.arcot.com/merchant][1].

With Arcot TransFort, the merchant initiates and controls the authentication process. For cardholders who have activated Verified by Visa, the shopping process remains unchanged. At the point of purchase where the shopper has clicked the final “buy” button, cardholders are presented with a Verified by Visa window where they enter their personalized password and authenticate themselves to the Issuer. The Visa card Issuer confirms the cardholder’s identity, and the merchant is provided with real-time authentication results. “We are pleased to offer a fully compliant, out of the box solution to the hundreds of thousands of merchants that are eager to benefit from the Visa Payer Authentication service,” said Chet Silvestri, CEO and president of Arcot Systems. “With the recent announcement by Visa, the merchant motivation to participate in this program is immediate and significant, and we offer a full range of solution deployments for them — from a simple to install, pre-configured appliance to a completely customizable software developer’s kit.”

Arcot TransFort Merchant Solutions is a comprehensive suite of products compliant with the Visa 3-D Secure Interoperability standard and is designed to meet the breadth of needs for merchants worldwide regardless of size, sophistication, and e-commerce environment. Different levels of support services are available depending on a merchant’s requirements, and the Arcot solution operates on all major computer platforms and operating systems. Solutions are available in each of the following formats today, providing a wide selection of implementation options for merchants:

— TransFort Merchant Software — TransFort Merchant Software Developer’s Kit (SDK) — TransFort Merchant Solution on Server Appliance — TransFort Merchant Solution for Hosting Companies

Requiring no change to a merchant’s existing e-commerce engine or back end order processing, Arcot TransFort Merchant Solutions have been designed for easy installation and minimal impact on a merchant’s systems and business processes:

— Simple to deploy – plug and play installation

— Simple to administer – designed for virtually “hands off” operation

— Low impact – requires no new coding and no change in existing processes

About Arcot TransFort

Arcot TransFort strongly authenticates and digitally signs transactions in real-time, providing for the secure, non-repudiation of online payments. Scalable to hundreds of millions of transactions, Arcot TransFort allows companies to grow the volume and value of their online transactions and provide their customers with an added level of confidence and security in the business relationship.

Arcot TransFort is a multi-platform solution capable of authenticating transactions across Web, Virtual Private Network (VPN), and wireless environments. In addition, Arcot TransFort can comply with a variety of business rules or procedures that govern online payments and support multiple authentication methods including username/password (pass-code), physical smart cards (or “chip cards”), and the ArcotID(TM) Software Smart Card. The ArcotID is a means of strong authentication based on patented Arcot technology. It offers a similar level of protection as a physical smart card, but with the convenience of software. It protects a user’s digital credentials in a tamper-proof software container. If any attempt is made to compromise the credentials the attempt is promptly identified and the credentials are neutralized.

About Arcot

Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B extranets, Web portals and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot solutions to protect their customers’ privacy and reduce fraud. For more information, visit [http://www.arcot.com][2].

[1]: http://www.arcot.com/merchant
[2]: http://www.arcot.com/

Lynk & WRG

Lynk Systems, Inc., a leading electronic transaction processor, announced that Western Reserve Group, a pioneer in the ATM industry, has signed on as one of Lynk’s newest ATM distributors. Together, the companies will introduce WRG’s Vision 100 ATM to small and mid size merchants who want a reliable, low cost performer with enough functionality for couponing and on-screen advertising.

Historically, high-end ATMs have not been cost-effective for the smaller merchant with lower volume transaction locations. The Vision 100, however, is a low-cost and well-designed ATM, which uses the Hypercom ICE 6000(TM) platform. With a 6-inch color touch screen, the Vision 100 is suitable for advertising graphics and multicoupon capability. Other notable quality components include the DeLaRue Dispenser, Fujitsu Printer and the Sargent & Greenleaf Electronic Lock. All of these features and components are packaged together in an attractive, user-friendly terminal that generates additional revenue for the merchant.

“We are happy to be associated with Lynk, a company that offers cutting edge technology,” said Jim Penza, president of WRG services. “In addition, Lynk offers a variety of products and services for our ISOs to sell. For example, if a merchant is not able to support a full-service ATM, Lynk offers a point-of-banking (POB) solution via the NYCE network.”

“Lynk also offers a quick set-up time for our customers, multiple direct network connections and numerous tools to help our customers,” said Mike Stevenson, CEO of WRG. “One such tool is ATMAssist, an online reporting package that gives our clients access to the information they need to run a successful business.”

Considered a savvy and quality-driven company, WRG has been pursued by Lynk for quite some time. “We worked on this agreement for several months,” said Melanie Chewning, vice president ATM Division. “WRG is a top-notch, quality organization and we are very excited to have them on board.”

About WRG

WRG, based in Willoughby, Ohio, is a full-service ATM partner that manufactures ATM equipment and software application products for the ATM industry throughout the United States and Canada, and is quickly gaining worldwide presence. The company also provides transaction processing through Western Reserve ATM Processors and financing services through Western Reserve ATM Financial.

As a pioneer in the ATM industry, WRG’s knowledgeable service center team maintains a complete repair shop with a huge parts inventory to offer service and maintenance on most ATM machines. More information about WRG Services may be found at [http://www.wrgservices.com][1].

About Lynk

Lynk is a proven leader in electronic payment, cash dispensing and e- commerce services. The company processes transactions initiated by credit and debit cards, checks, and other access cards from merchant point-of-sale terminals, ATMs and web sites. Lynk also provides related services such as the issuance of stored value cards that facilitate electronic funds distribution.

Lynk controls the entire processing sequence, including sales, merchant payment equipment, design and hosting of Internet store fronts, transaction authorization, capture, settlement and customer service. This “in-sourced” model facilitates a truly integrated single-source service that gives Lynk customers one-call support for all their processing needs. Lynk’s proprietary technology and comprehensive network connectivity offer customers of all sizes unsurpassed processing performance.

Founded in 1991, Lynk has received Visa’s Service Quality Performance Award, and has earned recognition as one of the fastest-growing companies in America by Inc. magazine and Deloitte & Touche. For more information, please visit the company’s web site at [http://www.lynksystems.com][2].

[1]: http://www.wrgservices.com/
[2]: http://www.lynksystems.com/

BALTIMORE TECH CEO

Baltimore Technologies announced the appointment of Bijan Khezri as the
Company’s Chief
Executive Officer, effective immediately. Bijan replaces Paul Sanders who
served as interim CEO from July 2001.

Bijan Khezri has a thorough understanding of Baltimore Technologies and
the security industry, having joined the Board as a Non-Executive Director in
1998, and he assumed executive responsibilities for corporate strategic
development from November 1999 until May 2000 and left the Board in November
2000. Bijan rejoined the Board in July 2001 as a Non-Executive Director.

Bijan brings substantial business leadership and corporate finance
expertise through his Board level positions. Bijan acted as strategic advisor
and Board member of Jetter AG, a technology Company listed on the Frankfurt
Stock Exchange, helping to build the company into one of the world’s leading
Ethernet-based industrial automation companies, converging IT technologies
with robot automation. He was also a Director on the Board of a Silicon
Valley-based network security company, VPNet Technologies, where he
successfully devised and implemented corporate strategy. In early 2000, he
co-founded UK-based Despatchbox, a PKI-centered application vendor for secure
communications and data sharing.

Commenting on today’s CEO appointment, Peter Morgan, Chairman of Baltimore
Technologies said, “We are delighted to announce the appointment of Bijan as
Chief Executive Officer of Baltimore Technologies. His thorough knowledge of
our industry and company-specific challenges, his proven leadership and
corporate development skills, make him an exceptional choice as CEO. Bijan
enjoys the trust and support of our senior management and has the required
experience, energy, drive and foresight to lead this company.”

Bijan Khezri, Chief Executive Officer of Baltimore Technologies commented,
“Our employees, technology and installed customer base are first class. Our
challenge is to successfully combine all three. We need to focus on both our
customers’ needs and our core competencies. Usability and return on
investment to the end-user and corporate profitability will determine the path
of our authentication and authorization businesses going forward.”

Mr. Khezri continued, “Technology and services related partnerships will
be critical to allow applications to drive demand for our infrastructure
products, more effectively leverage professional services and move towards a
variable cost model.

“Our restructuring programme, announced on August 22, is under way. We
are fully committed to it. Its completion should provide the Company with the
necessary resources to take it into the next growth phase.”

The Company also announced today that Paul Sanders has resigned as Acting
Chief Executive Officer and Chief Financial Officer with immediate effect.
The Company has commenced a search for a new CFO and in the meantime, Bijan
will assume Board level responsibility for finance. Paul Sanders joined
Baltimore Technologies in December 2000 to financially manage the Company
through its aggressive merger and acquisition program. Subsequent
developments caused Baltimore Technologies to switch its strategic focus away
from acquisition activity. Paul has played a central role in developing this
restructuring program and now that the Company is focused on optimising the
business he feels that the time is right to move on.

“On behalf of the Board and the Company, I would like to wish Paul Sanders
every success in the future and thank him for his contribution to the
restructuring of Baltimore Technologies,” said Peter Morgan, Chairman of
Baltimore Technologies.

Following Baltimore’s voluntary delisting from the NASDAQ market and
subsequent move to the OTC Bulletin Board, the Company will only be announcing
full financial results for the half year and year end. Today, Baltimore
Technologies announced financial highlights for Q3 2001, based on unaudited
management accounts:

* Total revenues for the period of Stg 15 million pounds sterling. Demand
for Baltimore’s security technology was underpinned by deals with
customers worldwide including Bundesamt fur Informatik und
Telekommunikation (Swiss Government), Australian Tax Office, Tradelink,
Verizon Communications and Chase Manhattan Bank.

* The cash balance as at 30 September 2001 was Stg 32.4 million pounds.

Antitrust Ruling

The U.S. District Court for the Southern District of New York late yesterday ruled against VISA and MasterCard in the Government’s antitrust lawsuit regarding the card associations’ exclusionary rules which prohibit members from issuing American Express or Discover cards. However Judge Barbara Jones did not order the networks to change their dual governance structure. News of the decision immediately lifted AmEx stock in after hours trading Tuesday and pre-trading activity this morning. In a 157-page ruling, the judge said VISA’s bylaw ‘210(e)’ and MasterCard’s ‘Competitive Programs Policy’ weaken competition and harm consumers in a number of ways. The court ruled that debit cards were included in the prohibition of VISA and MasterCard’s exclusionary rules. However the ruling stated that including debit cards as a necessary part of the remedy does not put it in the same product market with general purpose payment cards. In discussing the dual governance issue, the judge said that with the exception of the associations’ failure to name each other directly in past advertising, the government’s examples failed to prove that dual governance has significantly diminished competition and innovation in the credit and charge card industry.

AMICUS ATM DEAL

Amicus Financial, the electronic
banking division of CIBC, announced it has been awarded the opportunity
to solicit all of the Credit Card Center’s former merchant customers in
an effort to assume management of nearly 15,000 ATM terminals located
throughout the United States. Currently, Amicus Financial manages more than
8,000 ATMs in the U.S. and Canada.

“Today’s announcement about our growing remote banking network – one of
the largest in North America – is yet another milestone in our journey to grow
North America’s largest electronic bank,” said Brian Cassidy, chief executive
officer of Amicus. “Thanks to our thousands of bank machines, Amicus Financial
is offering unprecedented access and convenience to our nearly 800,000
customers across the continent.”

On Friday, Aug. 24, a federal bankruptcy court judge in Philadelphia
awarded XtraCash ATM, the ATM operating arm of Amicus Financial, the exclusive
rights to petition all of CCC’s former merchant customers with an incentive
program in an effort to convert nearly 15,000 already-installed ATMs. That a
reputable banking organization won this right is good news for merchants who
had contracted with CCC and for consumers who relied on the convenience of
these ATMs.

“Amicus Financial’s long-term ATM strategy is to create North America’s
largest and most comprehensive bank machine network,” said Eugene DeSilva,
chief officer of Amicus Financial’s Remote Banking Division. “We want to
ensure that our ATMs provide fee-free access to funds for Amicus Financial
banking customers and reliable, convenient access to cash for the public.”

Amicus Financial’s Remote Banking Division manages three distinct
businesses: an owned ATM network, which includes private label bank machines
like those of Marketplace Bank and Safeway SELECT Bank; a managed ATM network
where Amicus Financial provides other ATM network owners with servicing and
maintenance; and an independent sales operator (ISO) network, managed by
XtraCash ATM, which provides service and back office processing to individual
ATM operators such as convenience stores and gas stations. Bank machines
formerly managed by CCC would fall under this last category.

Most Amicus Financial ATMs will provide a range of services, including
cash dispensing, deposit taking, and account access and management. Future
services and features may include online banking capability, check cashing,
advertising, money transfer, and access to web-based services.

About Amicus Financial

Amicus Financial, a division of the Canadian Imperial Bank of Commerce,
provides electronic financial services for many great brands in North America
including President’s Choice Financial, Marketplace Bank and Safeway SELECT
Bank. Through its network of more than 350 banking pavilions, contact centers
open 24/7, and more than 8,000 ATMs, Amicus Financial currently services
almost 800,000 customers and is acquiring more than 30,000 new customers each
month. Amicus Financial offers a superior customer experience by combining
self-service with a new standard of friendly, helpful, and responsive customer
service, and with better rates and no fees on day-to-day banking.