JCB DEAL

Turkiye Garanti Bankasi A.S. has inked a deal with JCB International Co.
to represent the JCB brand in merchant acquiring operations and processing
in Turkey, beginning this month. JCB has had an agreement with Anadolu
Kredi Karti Turizm since 1993, and through this new partnership with
Turkiye Garanti Bankasi the number of merchants accepting the JCB card will
eventually increase by 38,000.
Turkiye Garanti Bankas has 297 branches, and is number one in terms of
volume of international credit card transactions and number three in
affiliated merchants with a total of 60,500 POS terminals. JCB’s merchant
network includes 9.28 million merchants and spans 189 countries and
territories. JCB cards are now issued in 18 countries and territories, with
42 million cardholders.

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JCB Deal

Turkiye Garanti Bankasi A.S. has inked a deal with JCB International Co. to represent the JCB brand in merchant acquiring operations and processing in Turkey, beginning this month. JCB has had an agreement with Anadolu Kredi Karti Turizm since 1993, and through this new partnership with Turkiye Garanti Bankasi the number of merchants accepting the JCB card will eventually increase by 38,000. Turkiye Garanti Bankas has 297 branches, and is number one in terms of volume of international credit card transactions and number three in affiliated merchants with a total of 60,500 POS terminals. JCB’s merchant network includes 9.28 million merchants and spans 189 countries and territories. JCB cards are now issued in 18 countries and territories, with 42 million cardholders, according to The RAM Report ([www.ramreport.com][1]).

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

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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.

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Cingular Wireless Card

Gift card convenience comes to the wireless industry just in time for the holiday gift-giving season. Cingular Wireless announces the availability of gift cards in more than 950 retail locations across the country. This is the first known nationwide gift card offering by a wireless provider, continuing Cingular’s record of innovative consumer marketing programs.

In stores in time for the busiest shopping day of the year, gift cards can be purchased in denominations of $25, $50 and $100 at participating company- owned Cingular Wireless stores and redeemed for accessories, cellular phones and related services.

“Gift cards are a growing trend in retail and we are very excited to be able to offer our customers another way to take the hassle out of shopping for wireless, said Chris Penrose, executive director, consumer acquisition & retention, Cingular Wireless. “The gift cards will also make wonderful holiday gifts that allow friends and family members to pick exactly what they want to best fit their needs.”

Gift cards continue to be a hot commodity for retailers because of consumer demand. Of all the types of plastic cards used by U.S. consumers, gift cards now rank fourth (39 percent), according to a recent survey conducted by Fiala, Inc. According to the survey, 69 percent of all gift cards are given during the holidays.

Cingular’s gift cards will be processed through existing point-of-sale equipment and immediately activated and redeemable for consumers.

Lynk Systems, Inc., a leading electronic payment processor, is powering Cingular’s gift card program on their ShopLynk platform that allows funds to be stored on the gift card and redeemed in real time at participating stores.

“We are pleased to have been selected as Cingular’s partner in such an innovative opportunity,” said Ron Wiggins, vice president of e-commerce products and services at Lynk.” Cingular’s vision in providing this service to their customer base is another example of how they set themselves apart in the marketplace.”

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 Websites. 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, hosting of Internet store fronts, transaction authorization, capture, settlement and customer service.

Founded in 1991, Lynk has received Visa’s Service Quality Performance Award, and has continually earned recognition as one of the fastest-growing companies in America by Inc magazine and Deloitte & Touche. For more information, please visit .

ABOUT CINGULAR WIRELESS

Cingular Wireless, a joint venture between SBC Communications (NYSE: SBC) and BellSouth (NYSE: BLS), serves more than 22 million voice and data customers across the United States. A leader in mobile voice and data communications, Cingular is the only U.S. wireless carrier to offer Rollover, the wireless plan that lets customers keep their unused monthly minutes. Cingular provides cellular/PCS service in 43 of the top 50 markets nationwide, and provides corporate e-mail and other advanced data services through its GPRS and Mobitex packet data networks. Cingular offers customers advanced technologies in simple, cost-effective ways that permit them to tap the creative potential of wireless through their own self-expression. Details of the company are available at .

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ATM Online

Santa Barbara, CA-based ePacific has developed, “ATM Online,” a PIN-based debit payment service for Internet retail commerce. ATM Online is a software solution that requires no additional hardware, firmware or peripherals and uses a virtual ATM machine as the customer interface. ePacific plans to work with the regional EFT networks, financial institutions and Internet merchants in their efforts to gain acceptance of the service.

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iDine 2003

Miami-based iDine said this morning it expects to continue a 25-30% revenue growth rate during 2003 and expects to have 2.9 million active members by the end of next year with more than 11,500 participating restaurant merchants in its rewards programs. During 2002, the Company expanded its marketing efforts to merchants as well to members in conjunction with its partnership programs, which include the major airlines. The continued focus on expanding the relationships with key partners has also allowed the Company to conduct more efficient and effective marketing campaigns.

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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.

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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.”

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PREPAID SERVICE BUREAU

Montreal-based Point de Vente and Q Comm International have
entered into an agreement to establish a service bureau for the electronic
distribution of prepaid services. Under the agreement, Q Comm will issue
its proprietary, service bureau hardware and software to Pointe de Vente.
Thereafter, Point de Vente will purchase Q Comm POSA terminals, place them
in retail locations and manage them through the service bureau system under
which Q Comm receives transaction fees. Point de Vente expects to have its
service bureau system completely installed by the end of 2002 and begin
rollout of terminals to their retail network of more than 2,000 stores in
the Quebec and Ontario provinces in first quarter 2003.

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$200 SmartCard Terminals

VISA, which has led the charge in smart payment cards in USA, announced yesterday the introduction of two new terminals that will offer special base prices of just over $200 that conform to the global EMV standard for chip credit and debit cards. VISA worked with terminal manufacturers Cybernet and Intellect to develop the breakthrough low-cost solutions. The $200 cost of the EMV terminals includes hardware and a full EMV core library as well as support and service warranties. Additional fees will apply to include shipping, customs, taxes, and local customization, which may vary on a country-by-country basis. The Cybernet terminal is available now and the Intellect product will be available in early 2003. VISA also led the effort to cut the actual cost a multi-application smart card from more than $5.00 two years ago to now about $2.60. Five years ago, the price of a smart card hovered at $8 a piece. There are more than 21 million smart cards now in-use in the USA and VISA accounts for nearly 60% of the total. (CF Library 6/25/02; 10/28/02)

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BASIC-CARD POS

ZeitControl cardsystems has developed a POS terminal that can be
programmed in “BASIC.” The option enables users to reduce development time
to one to two weeks as opposed to months of traditional development time.
It is possible to add value to an existing application since “BasicCard
POS” also works with common, ISO-compatible, smart cards. .For creating a
POS application you use the “BASIC” compiler contained in the BasicCard
development kit. This means you can use your existing source code. The
“BasicCard POS” can also be extended with an optional PinPad device.

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Big Spenders

A new study has found that credit card users spend considerably more than those who use non-credit card payment methods during the current holiday season. Other differences between credit card users and non-credit card shoppers are that credit card users favor name brand merchandise more. When it comes to stores shopped most often for women’s clothing, Wal-Mart, JC Penney, Kohl’s, Dillard’s, Sears, and Target top the list of stores credit card users will shop most often. Another key attribute of credit card users is they are more loyal. Their customer lifetime value- the length of time they say they have shopped most often at a store is 8.97 years versus 7.86 for non-credit users. The study, conducted by BIGresearch of 8,500 consumers between November 7 and 14, also found that 67% of credit card users will spend more this year than last.

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