TRINTECH BUY-BACK

Trintech Group has secured the final approval of the Irish Takeover Panel
to commence its share buy-back program. The Irish Takeover Panel has ruled
that John and Cyril McGuire are not acting in concert and therefore would
not be required to make a mandatory bid for the Company if their relative
percentage ownership increased following the repurchase by the Company of
its own shares through the buy-back program. This ruling allows Trintech to
start the buy-back program, which is expected to commence in early December
following publication of the Company’s results for third quarter, the
period ended October 31, 2002.

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Holiday Outlook

While many economists have been reluctant to forecast holiday sales this year, the annual American Express “Retail Index” on holiday shopping shows the average household holiday budget will rise 5% this year. This year’s holiday budget is expected to be $1,656, a modest increase from the $1,564 projected in 2001. The 2002 number is still below the 2000 projected high of $1,684. The 2002 AmEx index shows that consumers plan to spend $1,073 on gifts (up $29 from last year), and $238 for holiday entertaining (up $22 from last year). The Index reveals that fewer shoppers expect to pay in cash this year than last. Checks are also less popular as 39% cited this as their preferred payment method, down sharply from 59% in 2001. More consumers are using credit or charge cards this year; 63% plan to pay for at least some, if not all of their purchases with cards. Of that, 11% will use them to pay for all of their purchases, up from 9% last year, and 26% will use them to pay for some of their purchases, up from 21%.

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[1]: /graphic/americanexpress/2002planstart.jpg

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NCR PLANT

NCR has confirmed plans for a larger manufacturing plant and a
professional services center in Bangalore by September 2003 with an
investment of US$6 million. NCR recently opened an ATM manufacturing
facility at Pondicherry which enables the company to meet local demand
prior to the completion of the Bangalore facility. The Bangalore
manufacturing plant will produce ATM hardware, while the professional
services center will develop services and software for the Indian market.
NCR has already established a state-of-the-art ATM channel management
center in Mumbai, the first of its kind in Asia. The 5,000 square-foot
center has the capacity to remotely manage over 6,000 ATMs across India.
Over 900 ATMs are already managed through this facility, enabling deployers
to focus on their core business while NCR manages the efficient running of
their ATM networks.

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CompuCredit 3Q/02

Atlanta-based CompuCredit reported third quarter net income of $22.0 million, compared to a $36 million loss in the prior quarter, and $15.0 million in income for 3Q/01. The company’s loan portfolio passed $3.0 billion during the quarter, as the company took over accounts cast off by Providian. During 3Q/02, CompuCredit added 2,286,000 accounts to bring its account base to 4,070,000. CompuCredit’s delinquency rate (60+ days) increased from 9.0% for 2Q/02 to 12.3%. One year ago CompuCredit’s delinquency rate was 10.9%. The adjusted net charge-off rate was 8.3% in the third quarter of 2002 as compared to 15.0% for the second quarter of 2002. The net interest margin was 21.4% in the third quarter of 2002 as compared to 13.1% for the second quarter. For complete details on CompuCredit’s third quarter performance visit CardData ([www.carddata.com][1]).

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

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eProcessing Network Expands

eProcessing Network says California Small Business Services, Eclipse Disappearing Screens and a California restaurant called Le Blue Zen are just three companies currently using the Company’s handheld-based mobile payments solution. eProcssing Network software on their devices is Palm software that reads the mag stripe reader and send the card and transaction information to eProcessing Network across the Internet. That information is processed and the retailer gets a response on the screen of their Palm handheld.

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Little Tightening

The October 2002 “Senior Loan Officer Opinion Survey on Bank Lending Practices” found that 15% of domestic banks indicated that they had tightened standards on credit card loans and other consumer loans over the past three months, about the same as in the previous survey. Over the same period, almost one-quarter of respondents reported reducing the number of exceptions granted to customers not meeting credit-scoring thresholds on all consumer loans. For the second consecutive survey, a small net fraction of domestic banks reported that demand for consumer loans was somewhat weaker over the past three months.

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NPC & Tully’s

National Processing has signed a multi-year credit card processing agreement with Seattle based Tully’s Coffee Corporation. NPC will provide authorization and settlement services for all MasterCard(R) and VISA(R) transactions accepted at Tully’s store locations. In addition, the new Tully’s Coffee Card(TM) (a stored value gift and convenience card) is being processed through the same POS terminals as credit cards.

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Certegy Settlement

Certegy confirmed yesterday it would take a $4 million charge to cover the costs of settling a lawsuit. The class action lawsuit was filed in California over the Certegy’s business practices involving service charges levied on unpaid checks. The lawsuit, filed in the U.S. District Court for the Eastern District of California, charged that Certegy violated regulatory provisions between 1992 and 1996 and improperly assessed a service charge on unpaid checks. Certegy says the settlement will reduce it third quarter earnings per share by about 3 cents. For complete details on Certegy’s third quarter performance visit CardData ([www.carddata.com][1]).

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

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SFB STV Cards

MI-based Standard Federal Bank is introducing a suite of stored value card solutions for companies including the “Payroll Card,” “Budget Card,” “Cash Card,” “Claim Card” and “Project Card”. The Bank’s Payroll Card gives companies the ability to distribute wages on a payment card versus issuing paper checks, reducing administrative costs and the costs associated with lost and stolen checks. In addition, payroll cards provide employees who do not have bank accounts with a more convenient means of receiving payroll funds.

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QSR Card Lift

VISA says an analysis of 100,000 transactions at restaurants within two different major quick service restaurant brands reveals the average transaction for credit customers was 20% to 30% higher than for cash customers. Visa payment cards and technologies offer improved speed through automated customer activated payment options, such as the technology similar to the “pay at the pump” systems available at gas stations across the United States. Customers can swipe their cards before they even order their food to speed up their experience.

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Valutec & Global Links Corp

United Trading.Com d/b/a Global Links Corp. has inked a deal with Valutec Card Solutions to offer gift and loyalty card programs to merchants. Global Links Corp. (“GLC”) plans to offer a suite of comprehensive electronic products to the retail, restaurant and hospitality industries. Strategic relationships will be developed with the nation’s leading electronic processing platforms.

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