GLOBAL ACCESS ADVANTAGE

Global Payments announced the Canadian launch of “Global Access
@dvantage.” The Web-based transaction management tool provides Canadian
merchants with authorization, batch and settlement transaction information
for up to 180 days as well as chargeback notification including reason
codes, media retrievals to prevent revenue loss from overlooked requests,
and electronic access to monthly merchant statements. In addition, because
Global Access @dvantage has a powerful search engine with pre-formatted
reporting and research capabilities, it provides pertinent information at
merchants’ fingertips, 24 hours a day.

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OBERTHUR & BARCLAYCARD

Barclaycard has awarded Oberthur Card Systems a contract to supply its EMV
smart cards for the next three years. Oberthur has been a long time partner
of Barclaycard for the migration to UKIS and has supplied the bank with
over 10 million such cards so far. With 40 million cardholders and 100
million payment cards in circulation, the United Kingdom is not only the
biggest market in Western Europe but also the pioneer in the migration to
smart cards with the first cards issued back in 1996.

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SMART CARD CENTER

South Korea has opened its first EMV smart card center in Seoul to
test and approve chip-based terminals and software for compliance with EMV
standards. The center, the second in Asia, is being operated by ICTK Ltd
and has been accredited by EMVCo. The Korean ICTK Center brings to seven
the number of smart card test centers around the world. There is already
one in Japan and five in Europe. Visa Asia Pacific has established an
aggressive timeline to migrate cards and infrastructure to EMV standards
and has put in place a series of initiatives to drive chip migration. VISA
expects the number of VISA terminals in Asia Pacific to reach 80 000 by the
end of 2002, and the number of smart cards to double to 11 million with
Japan, Taiwan, Korea and Australia contributing the majority of the growth.

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FDC China

First Data Corporation has formed First Data (China) Co., Ltd. The new operations, administrative office, and data center will be based in Shanghai. The wholly owned Chinese subsidiary will be fully operational in the first quarter of 2003. First Data will offer a full range of card and merchant processing services, in addition to its “VisionPLUS” software, to card issuing and merchant acquiring companies in China. In China, FDC holds relationships with several leading financial institutions to provide money transfer services through its Western Union subsidiary. In addition, the Industrial & Commercial Bank of China and the Agricultural Bank of China recently chose to use the “VisionPLUS” transaction processing software offered by First Data.

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GEMPLUS & ZTANGO

Gemplus and Ztango have signed a deal under which the Gemplus
Operation Center will facilitate distribution of Ztango’s ring tones,
screen savers and graphics to carriers utilizing Gemplus’ “OTA”
initialization services. As part of the new Gemplus/Ztango SIM-based media
offering, consumers will have access to more than 3,000 ring tone and
graphic media elements directly from their wireless devices.
Ztango customers include: AT&T Wireless, Motorola, Triton PCS, TeleCorp
PCS, West Virginia Wireless and Telecom Italia Mobile.

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ONLINE VOLUME

Visa Canada expects online volume exceeding $1 billion this year. Visa
Canada processed three million online transactions during the 2001 holiday
season and expects to process more than five million transactions this
holiday season with an estimated transaction size of $126. Trending studies
show a deliberate and steady growth in online commerce. Statistics Canada
recently estimated that 2.2 million households spent almost $2 billion
shopping on the Internet in 2001 placing 13.4 million orders online.

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Providian & Organs ‘R’ Us

Providian and Organs ‘R’ Us teamed up this weekend for the fourth annual “The Providian Relay”. The Providian Relay (http://www.providianrelay.com) is considered California’s longest party. Racers traverse 199 miles of some of the most beautiful and challenging terrain in California, beginning in the Wine Country of Calistoga, and ending at the Santa Cruz Beach Boardwalk

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