GRAPHI-CARD

Bioskin, City Link Mall and Wing Tai Clothing have all agreed to deploy Visible Results Group’s “GraphiCard” loyalty card technology and CRM system.
With the patented technology, users’ cards are inserted into a small POS terminal during each sales transaction and through a thermo-chromic process, the front of the card displays points accrued through the most recent purchase. A re-writeable magnetic stripe, incorporated into the back of the card, stores specific data about transactions as they occur. It also allows the back of the card to be automatically re-written every time it is presented, turning it into a self-contained database. POS information collected during transactions involving program members is downloaded to Visible Results’International DataCenter, which maintains customer databases and issues customized reports specifically for each client.

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PAYPAL STAMPS

PayPal and Stamps.com have partnered to integrate Stamps.com’s new Web-based postage printing solution into PayPal’s website. The Stamps.com integration will enable PayPal users to buy and print U.S. Postal Service postage online from their PayPal account. PayPal sellers will be able to calculate the exact amount of postage required and print a shipping label pre-populated with the recipient’s information using the Web-based application.

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E-CASH-PADS

eConnect has teamed with Electronic Valet to facilitate cash movement from the USA to Mexico and point to point cash movement within Mexico
from homes and walk in locations. The eConnect “eCashPad” will be deployed to tens of thousands of Mexican homes along with a computer and ISP service and will be found at self service retail walk in locations. The point to point eCashPad supported cash movement service will also enable government sanctioned home wagering gaming applications.

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AMEX 2Q/02

American Express Company yesterday reported second quarter net income for Travel Related Services of $565 million, up 9% from a year ago. However U.S. charge volume continues to be flat, as volume slipped by $100 million compared to the year ago quarter. AmEx says the decline reflects lower corporate card spending in the travel and entertainment sector, which was partially offset by higher consumer spending in the retail and everyday categories. International charge volume was up by 5% for the second quarter. While the total amount of business billed on domestic and international American Express cards, combined, increased slightly from a year ago, the discount revenue earned by the company on this spending declined slightly. The average discount rate has slipped to 2.65% compared to 2.67% one year ago. Charge-offs and delinquency moderated during the second quarter. Meanwhile, delinquency is up about 7% compared to 2Q/01 while losses were up approximately 9% from year ago levels. Card loan growth was also sluggish, up 1.3% from 2Q/01. For complete details on American Express current and past performance visit CardData ([www.carddata.com][1]).

American Express U.S. Card Portfolio Snapshot
2Q/02 1Q/02 4Q/01 3Q/01 2Q/01 Ann Chng
Volume $58.7b 54.3b 55.8b 54.4b $58.8b -0.2%
Loans $31.6b 31.3b 32.0b 31.3b $31.2b +1.3%
Cards 34.8m 34.8m 34.6m 34.7m 34.6m +0.6%
Delinq* 3.1% 3.4% 3.3% 3.2% 2.9% +6.9%
Losses 6.2% 6.5% 5.9% 5.6% 5.7% +8.8%
Yield** 9.8% 9.6% 9.6% 8.8% 8.6% +14.0%
* 30+ days past due; ** net interest yield
Source: CardData (www.carddata.com)

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

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@POS BID

San Jose-based @pos has received another acquisition proposal, this one from Symbol Technologies, whereby Symbol will acquire all of the outstanding equity interests in @pos for an aggregate purchase price of $5.5 million. Last month, @pos.com announced the signing of an agreement for the sale of substantially all of its assets and assumption of substantially all its liabilities with HHP, f/k/a Hand Held Products, Inc. @pos says it delivered a copy of the new offer from Symbol to HHP yesterday. The proposed Symbol transaction would be effected through a customary negotiated two-step merger agreement, whereby Symbol Technologies would make a tender offer for all of the outstanding common stock of @pos which trades on the OTCBB.

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SEAGULL BANKING

London-based Ghana International Bank has selected SEAGULL’s LegaSuite technology to deliver a complete online banking solution. Ghana International Bank specializes in servicing the multi-currency commercial and personal banking needs of Ghanaians worldwide. Using the Web-to-host component of LegaSuite, Ghana International Bank will create a secure, end-to-end online banking solution for both commercial and in due course personal lines of business based on the bank’s back-office legacy applications. Customers will be able to execute all primary banking functions securely including account initiation, international funds transfer, standing orders, fixed deposits, statement inquiries, stopped checks, direct debits, address changes, and letters of credit via any Web browser.

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UNITED VBV

United Airlines has signed on to the new “Verified by VISA” cardholder authentication service. Along with united.com’s BBBOnline Privacy seal, Verified by Visa will assure customers an even more secure online-shopping experience. With Verified by Visa, cardholder identity is confirmed with the use of a personalized password during the checkout process.

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VERUS & NETWORK 1

VA-based Network 1 Financial has been acquired in a stock deal by TN-based Verus Financial Management, a company founded this year by Richardson Roberts, the former chairman and CEO of PMT Services. FTVentures was the first venture capital firm in the U.S. to focus on technologies that benefit the global financial services industry. FTVentures now has more than $623 million in total capital under management and is a leading investor in information technologies.

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CREDIT SAISON VBV

Credit Saison, with more than ten million cardholders, has selected Cyota to provide its platform for the “Verified by VISA” Internet payment security technology. Cyota’s “SecureSuite” platform is a global solution offered to issuers worldwide and localized to meet the special requirements of every region. “SecureSuite” is either installed in-house at the issuer’s data center or offered as a hosted service from global facilities located in the US, UK and Japan. Credit Saison will be using the Japanese version of the software, offered and supported by Cyota’s partner in Japan, Intelligent Wave. Triangle Technologies, a leading business development advisory firm for non-Japanese firms in the Japanese market, played a key role in developing Cyota’s partnership agreement with IWI. Credit Saison’s “Verified by VISA” program is one of the first large scale commercial implementations of Visa’s new program in Japan.

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METAVANTE SIGNS BOH

Bank of Hawaii has signed a long-term agreement with Metavante to provide products and services that support deposit and loan transactions, financial account processing, consumer and corporate electronic banking services, electronic presentment and payment, and consulting services. Bank of Hawaii Corporation, ranked as the 68th largest bank holding company based on 2001 year-end data by the American Banker, operates over 80 branches throughout the state of Hawaii and in American Samoa, Guam and the West Pacific.

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